# EDGAR Filing Document

**Accession Number:** 0001071336
**File Stem:** 0001752724-25-181342
**Filing Date:** 2025-7
**Character Count:** 195002
**Document Hash:** 010bb3aebb676a2ae555677a70b0ddaa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-181342.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001752724-25-181342

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NUVEEN INVESTMENT TRUST III
- **CENTRAL INDEX KEY:** 0001071336

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09037
- **FILM NUMBER:** 251158059

**BUSINESS ADDRESS:**
- **STREET 1:** C/O JOHN NUVEEN & CO INC
- **STREET 2:** 333 WEST WACKER DRIVE
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-917-8146

**MAIL ADDRESS:**
- **STREET 1:** C/O JOHN NUVEEN & CO INC
- **STREET 2:** 333 WEST WACKER DRIVE
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

## Series and Classes Contracts Data

### Nuveen High Yield Income Fund (Series ID: S000028810)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000088318 | Class A      | NCOAX           |
| C000088319 | Class C      | NCFCX           |
| C000088321 | Class I      | NCOIX           |
| C000146445 | Class R6     | NCSRX           |

## Nport-Ex

Portfolio

of

Investments

May

31,

2025

Floating

Rate

Income

(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM

INVESTMENTS

-

97.2%

9169614

COMMON

STOCKS

-

.6

%

9169614

CAPITAL

GOODS

-

0.0%

2,687

(a) TNT

Crane

&

Rigging

Inc

$

1,763

4,761

(a) TNT

Crane

&

Rigging

Inc

TOTAL

CAPITAL

GOODS

1,810

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

-

0.0%

(a),(b)

Belk

Inc

792

14,352

(a) JOANN

Inc

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

936

CONSUMER

SERVICES

-

0.4%

76,044

(a) 24

Hour

Fitness

Worldwide

Inc

533

159,883

(a) 24

Hour

Fitness

Worldwide

Inc

1,119

17,726

(a) Cengage

Learning

Holdings

II

Inc

370,030

953

(a) Crown

Finance

US

Inc

21,840

241,503

(a) Crown

Finance

US

Inc

5,534,524

TOTAL

CONSUMER

SERVICES

5,928,046

ENERGY

-

0.0%

2,246

Chord

Energy

Corp

202,140

76,990

(a) Transocean

Ltd

191,705

TOTAL

ENERGY

393,845

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

0.0%

61,430

(a),(b)

Millennium

Health

LLC

5,651

57,666

(a),(b)

Millennium

Health

LLC

577

52,393

(a) Onex

Carestream

Finance

LP

104,786

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

111,014

MEDIA

&

ENTERTAINMENT

-

0.0%

7,105

(a) Catalina

Marketing

Corp

213,150

TOTAL

MEDIA

&

ENTERTAINMENT

213,150

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

0.0%

63,592

(a) Bright

Bidco

BV

19,268

46,554

(a) Bright

Bidco

BV

14,106

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

33,374

SOFTWARE

&

SERVICES

-

0.1%

33,725

(a) Avaya

Inc

244,506

132,442

(a) Avaya

Inc

960,205

(a),(b)

Bloom

Parent

Inc

204,614

TOTAL

SOFTWARE

&

SERVICES

1,409,325

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

0.1%

24,672

(a) Windstream

Services

PE

LLC

435,880

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

435,880

TELECOMMUNICATION

SERVICES

-

0.0%

18,781

(a) Windstream

Services

PE

LLC

331,804

TOTAL

TELECOMMUNICATION

SERVICES

331,804

TRANSPORTATION

-

0.0%

1,018

(a) ACBL

HLDG

CORP

47,337

4,313

(a) ACBL

HLDG

CORP

263,093

TOTAL

TRANSPORTATION

310,430

TOTAL

COMMON

STOCKS

(Cost

$27,931,334)

9,169,614

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

136815871

CORPORATE

BONDS

-

.8

%

136815871

AUTOMOBILES

&

COMPONENTS

-

0.1%

$

1,000,000

(c) Clarios

Global

LP

/

Clarios

US

Finance

Co

.750

%

05/15/28

1,018,862

TOTAL

AUTOMOBILES

&

COMPONENTS

1,018,862

Portfolio

of

Investments

May

31,

2025

(continued)

Floating

Rate

Income

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

CAPITAL

GOODS

-

0.6%

$

1,675,000

(c) Camelot

Return

Merger

Sub

Inc

.750

%

08/01/28

$

1,482,375

1,000,000

(c) Husky

Injection

Molding

Systems

Ltd

/

Titan

Co-Borrower

LLC

.000

02/15/29

1,022,009

2,000,000

(c) TK

Elevator

US

Newco

Inc

.250

07/15/27

1,981,064

5,000,000

(c) TransDigm

Inc

.875

12/15/30

5,156,590

TOTAL

CAPITAL

GOODS

9,642,038

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

1.0%

1,000,000

(c) Allied

Universal

Holdco

LLC

.875

02/15/31

1,036,369

1,500,000

(c) Allied

Universal

Holdco

LLC/Allied

Universal

Finance

Corp/

Atlas

Luxco

Sarl

.625

06/01/28

1,432,808

3,750,000

(c) Boost

Newco

Borrower

LLC

.500

01/15/31

3,967,721

2,000,000

(c) Garda

World

Security

Corp

.625

02/15/27

1,974,234

6,866,000

(c) Prime

Security

Services

Borrower

LLC

/

Prime

Finance

Inc

.750

04/15/26

6,883,107

250,000

(c) Prime

Security

Services

Borrower

LLC

/

Prime

Finance

Inc

.250

01/15/28

249,744

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

15,543,983

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

-

0.1%

2,000,000

(c) Carvana

Co,

(cash

11.000%,

PIK

13.000%)

.000

06/01/30

2,109,067

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

2,109,067

CONSUMER

SERVICES

-

0.6%

3,000,000

(c) 1011778

BC

ULC

/

New

Red

Finance

Inc

.000

10/15/30

2,759,003

1,000,000

(c) Caesars

Entertainment

Inc

.000

02/15/30

1,026,130

1,000,000

(c) Fertitta

Entertainment

LLC

/

Fertitta

Entertainment

Finance

Co

Inc

.625

01/15/29

937,888

4,500,000

(c) Odeon

Finco

PLC

.750

11/01/27

4,656,366

TOTAL

CONSUMER

SERVICES

9,379,387

ENERGY

-

0.1%

244,314

(c) Borr

IHC

Ltd

/

Borr

Finance

LLC

.000

11/15/28

210,902

1,000,000

(c) eG

Global

Finance

PLC

.000

11/30/28

1,102,759

TOTAL

ENERGY

1,313,661

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

-

0.2%

3,000,000

(c) RLJ

Lodging

Trust

LP

.750

07/01/26

2,952,093

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

2,952,093

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

1.6%

4,000,000

(c) CHS/Community

Health

Systems

Inc

.875

01/15/32

4,263,476

2,039,042

(c) Global

Medical

Response

Inc,

(cash

9.500%,

PIK

10.000%)

.000

10/31/28

2,039,042

4,679,687

(c) Radiology

Partners

Inc,

(cash

4.275%,

PIK

3.500%)

.775

01/31/29

4,703,085

10,276,156

(c) Team

Health

Holdings

Inc,

(cash

9.000%,

PIK

4.500%)

.000

06/30/28

11,123,939

2,500,000

Tenet

Healthcare

Corp

.625

06/15/28

2,451,443

500,000

Tenet

Healthcare

Corp

.125

10/01/28

500,726

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

25,081,711

INSURANCE

-

0.7%

4,100,000

(c) Alliant

Holdings

Intermediate

LLC

/

Alliant

Holdings

Co-Issuer

.250

10/15/27

3,984,551

4,000,000

(c) HUB

International

Ltd

.250

06/15/30

4,165,688

2,000,000

(c) Panther

Escrow

Issuer

LLC

.125

06/01/31

2,069,008

TOTAL

INSURANCE

10,219,247

MATERIALS

-

0.3%

1,875,000

(c),(d)

Ardagh

Metal

Packaging

Finance

USA

LLC

/

Ardagh

Metal

Packaging

Finance

PLC

.000

09/01/29

1,663,383

1,500,000

(c) Arsenal

AIC

Parent

LLC

.000

10/01/30

1,575,193

1,175,000

(c) WR

Grace

Holdings

LLC

.875

06/15/27

1,158,501

TOTAL

MATERIALS

4,397,077

MEDIA

&

ENTERTAINMENT

-

0.6%

600,000

(c) Advantage

Sales

&

Marketing

Inc

.500

11/15/28

458,248

3,500,000

(c) CSC

Holdings

LLC

.500

04/15/27

3,315,618

7,392

(c) iHeartCommunications

Inc

.125

05/01/29

6,117

2,000,000

(c) McGraw-Hill

Education

Inc

.750

08/01/28

1,975,556

500,000

(c) Outfront

Media

Capital

LLC

/

Outfront

Media

Capital

Corp

.000

08/15/27

493,544

3,000,000

(c) Sinclair

Television

Group

Inc

.125

02/15/33

3,001,590

TOTAL

MEDIA

&

ENTERTAINMENT

9,250,673

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

0.2%

$

3,000,000

(c),(d)

Organon

&

Co

/

Organon

Foreign

Debt

Co-Issuer

BV

.125

%

04/30/31

$

2,520,842

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

2,520,842

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

-

0.1%

2,000,000

(c) Cushman

&

Wakefield

US

Borrower

LLC

.750

05/15/28

2,008,676

TOTAL

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

2,008,676

SOFTWARE

&

SERVICES

-

0.1%

2,240,000

(c) Open

Text

Holdings

Inc

.125

12/01/31

2,029,549

TOTAL

SOFTWARE

&

SERVICES

2,029,549

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

0.1%

2,000,000

(c) CommScope

Technologies

LLC

.000

03/15/27

1,932,765

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

1,932,765

TELECOMMUNICATION

SERVICES

-

1.8%

7,284,000

(c) Frontier

Communications

Holdings

LLC

.875

10/15/27

7,302,990

8,760,000

(c) Level

Financing

Inc

.500

05/15/30

9,581,250

2,000,000

(c) Level

Financing

Inc

.500

04/15/29

2,250,000

2,000,000

(c) Level

Financing

Inc

.000

04/15/31

1,655,000

1,000,000

(c) Lumen

Technologies

Inc

.000

10/15/32

1,025,600

6,935,000

(c) Zayo

Group

Holdings

Inc

.000

03/01/27

6,523,845

TOTAL

TELECOMMUNICATION

SERVICES

28,338,685

TRANSPORTATION

-

0.3%

3,287,000

(c) Air

Canada

.875

08/15/26

3,245,537

1,500,000

(c) United

Airlines

Inc

.625

04/15/29

1,424,778

TOTAL

TRANSPORTATION

4,670,315

UTILITIES

-

0.3%

496,702

Pacific

Gas

and

Electric

Co

.150

01/01/26

491,271

496,702

Pacific

Gas

and

Electric

Co

.500

07/01/40

406,918

2,602,000

PG&E

Corp

.000

07/01/28

2,538,790

1,000,000

PG&E

Corp

.250

07/01/30

970,261

TOTAL

UTILITIES

4,407,240

TOTAL

CORPORATE

BONDS

(Cost

$134,909,765)

136,815,871

SHARES

DESCRIPTION

VALUE

47015074

EXCHANGE-TRADED

FUNDS

-

.0

%

47015074

2,015,737

(d) Invesco

Senior

Loan

ETF

42,048,274

120,000

SPDR

Blackstone

Senior

Loan

ETF

4,966,800

TOTAL

EXCHANGE-TRADED

FUNDS

(Cost

$47,595,086)

47,015,074

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

1321000584

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

-

.8

%

1321000584

AUTOMOBILES

&

COMPONENTS

-

1.3%

1,944,374

(e) Adient

US

LLC,

Term

Loan

B2,

(TSFR1M

+

2.250%)

.577

01/29/31

1,939,776

7,736,173

(e) Clarios

Global

LP,

Term

Loan

B,

(TSFR1M

+

2.500%)

.827

05/06/30

7,707,163

8,000,000

(e) Clarios

Global

LP,

Term

Loan

B,

(TSFR1M

+

2.750%)

.077

01/28/32

7,990,000

3,248,000

(e),(f)

DexKo

Global

Inc.,

Term

Loan

B,

(TSFR1M

+

3.750%)

.191

10/04/28

3,114,393

TOTAL

AUTOMOBILES

&

COMPONENTS

20,751,332

CAPITAL

GOODS

-

6.4%

235,577

(e),(g)

Air

Comm

Corporation,

LLC,

Delayed

Draw

Term

Loan

.000

12/11/31

235,577

2,826,923

(e) Air

Comm

Corporation,

LLC,

Term

Loan,

(TSFR3M

+

3.000%)

.300

12/11/31

2,826,923

1,672,069

(e) Archkey

Solutions

LLC,

Term

Loan

B,

(TSFR3M

+

4.750%)

.033

11/03/31

1,678,682

2,487,500

(e) Azorra

Soar

TLB

Finance

Ltd,

Term

Loan

B,

(TSFR3M

+

3.500%)

.799

10/18/29

2,492,674

2,094,475

(e) Barentz

International

B.V.,

Term

Loan

B,

(TSFR3M

+

3.250%)

.649

03/28/31

2,093,595

4,982,000

(e) Barnes

Group

Inc,

Term

Loan

B,

(TSFR1M

+

3.000%)

.329

01/27/32

4,971,887

2,379,256

(e) Bleriot

US

Bidco

Inc.,

Term

Loan

B,

(TSFR3M

+

2.750%)

.049

10/17/30

2,385,205

7,000,874

(e) Chamberlain

Group

Inc,

Term

Loan

B,

(TSFR1M

+

3.250%)

.677

11/03/28

6,982,986

4,553,235

(e) Chart

Industries,

Inc.,

Term

Loan

B,

(TSFR3M

+

2.500%)

.788

03/18/30

4,571,744

881,716

(e) Conair

Holdings,

LLC,

Term

Loan

B,

(TSFR1M

+

3.750%)

.191

05/17/28

634,835

Portfolio

of

Investments

May

31,

2025

(continued)

Floating

Rate

Income

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

CAPITAL

GOODS

(continued)

$

2,265,269

(e),(f)

Cornerstone

Building

Brands,

Inc.,

Term

Loan

B,

(TSFR1M

+

3.250%)

.679

%

04/12/28

$

2,028,355

1,795,950

(e) Gates

Global

LLC,

Term

Loan

B5,

(TSFR1M

+

1.750%)

.077

06/04/31

1,796,794

3,333,000

(e),(h)

Herc

Holdings

Inc,

(TBD)

TBD

TBD

3,351,048

1,379,310

(e),(g)

Kaman

Corporation,

Delayed

Draw

Term

Loan

.000

02/26/32

1,372,200

14,620,690

(e) Kaman

Corporation,

Term

Loan

B,

(TSFR3M

+

TSFR6M

+

2.750%)

.059

02/26/32

14,545,320

3,359,710

(e) Madison

IAQ

LLC,

Term

Loan,

(TSFR6M

+

2.500%)

.762

06/21/28

3,361,810

1,681,550

(e) Madison

Safety

&

Flow

LLC,

Term

Loan

B,

(TSFR1M

+

2.750%)

.077

09/26/31

1,685,930

1,533,100

(e) MI

Windows

and

Doors,

LLC,

Term

Loan

B2,

(TSFR1M

+

3.000%)

.327

03/28/31

1,531,782

1,336,000

(e) Minimax

Viking

GmbH,

Term

Loan

B,

(TSFR1M

+

2.250%)

.577

03/17/32

1,339,340

875,000

(e),(h)

Oregon

Tool

Lux

LP,

(TBD)

TBD

TBD

692,528

767,000

(e),(f)

Oregon

Tool,

Inc.,

First

Lien

Term

Loan,

(TSFR3M

+

5.350%)

.674

10/15/29

775,391

5,521,000

(e) Quikrete

Holdings,

Inc.,

Term

Loan

B,

(TSFR1M

+

2.250%)

.577

01/31/32

5,504,437

1,237,222

(e) QXO

Inc,

Term

Loan

B,

(TSFR3M

+

3.000%)

.280

04/30/32

1,242,703

1,616,045

(e) Titan

Acquisition

Limited,

Term

Loan

B,

(TSFR6M

+

4.500%)

.724

02/15/29

1,613,896

14,938,485

(e) TK

Elevator

Midco

GmbH,

Term

Loan

B,

(TSFR3M

+

3.000%)

.237

04/30/30

14,991,069

3,154,150

(e) TransDigm,

Inc.,

Term

Loan,

(TSFR3M

+

2.500%)

.799

01/20/32

3,156,831

5,115,188

(e) TransDigm,

Inc.,

Term

Loan

J,

(TSFR3M

+

2.500%)

.799

02/28/31

5,120,789

7,045,672

(e) Victory

Buyer

LLC,

Term

Loan,

(TSFR1M

+

3.750%)

.191

11/20/28

6,966,408

TOTAL

CAPITAL

GOODS

99,950,739

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

4.4%

7,116,985

(e) Allied

Universal

Holdco

LLC,

Incremental

Term

Loan

B,

(TSFR1M

+

3.750%)

.177

05/15/28

7,135,346

1,333,000

(e) American

Auto

Auction

Group

LLC,

(CME

Term

SOFR

Month

+

4.500%)

.000

05/24/32

1,336,332

2,693,204

(e) Anticimex

International

AB,

Term

Loan

B1,

(SOFR90A

+

3.400%)

.660

11/16/28

2,695,897

4,019,952

(e) Anticimex

International

AB,

Term

Loan

B6,

(SOFR90A

+

3.400%)

.660

11/16/28

4,035,027

192,931

(e),(g)

Archkey

Solutions

LLC,

Delayed

Draw

Term

Loan

B

.750

11/03/31

193,694

4,311,230

(e) CoreLogic,

Inc.,

Term

Loan,

(TSFR1M

+

3.500%)

.941

06/02/28

4,258,956

4,848,816

(e) Creative

Artists

Agency,

LLC

,

First

Lien

Term

Loan

B,

(TSFR1M

+

2.750%)

.077

10/01/31

4,855,265

4,397,343

(e) Dun

&

Bradstreet

Corporation

(The),

Term

Loan,

(TSFR1M

+

2.250%)

.575

01/18/29

4,400,092

2,838,955

(e) Ensemble

RCM,

LLC,

Term

Loan

B,

(TSFR3M

+

3.000%)

.280

08/01/29

2,847,387

3,315,655

(e) First

Advantage

Holdings,

LLC,

Term

Loan

B,

(TSFR1M

+

3.250%)

.577

10/31/31

3,318,424

6,422,800

(e) Garda

World

Security

Corporation,

Term

Loan

B,

(TSFR1M

+

3.000%)

.333

02/01/29

6,413,422

3,600,000

(e) GFL

Environmental

Inc.,

Term

Loan

B,

(TSFR3M

+

2.500%)

.819

03/03/32

3,588,750

2,642,037

(e) OMNIA

Partners

LLC,

Term

Loan

B,

(TSFR3M

+

2.750%)

.033

07/25/30

2,651,232

1,565,288

(e) Prime

Security

Services

Borrower,

LLC,

First

Lien

Term

Loan

B,

(TSFR1M

+

2.000%)

.329

10/15/30

1,566,712

1,698,174

(e) West

Corporation,

Term

Loan

B3,

(TSFR3M

+

4.000%)

.530

04/12/27

958,195

1,715,000

(e) WIN

Waste

Innovations

Holdings,

Inc.,

Incremental

Term

Loan,

(TSFR1M

+

3.750%)

.191

03/27/28

1,724,647

14,626,188

(e) WIN

Waste

Innovations

Holdings,

Inc.,

Term

Loan

B,

(TSFR1M

+

2.750%)

.191

03/27/28

14,548,450

2,074,575

(e) XPLOR

T1

LLC,

Term

Loan

B,

(TSFR3M

+

3.500%)

.799

06/24/31

2,082,355

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

68,610,183

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

-

3.2%

374,000

(e) Academy,

Ltd.,

Term

Loan,

(TSFR1M

+

3.750%)

.189

11/08/27

374,155

2,934,255

(e) Belron

Finance

LLC,

Term

Loan

B,

(TSFR3M

+

2.750%)

.049

10/16/31

2,950,027

7,401,393

(e) CNT

Holdings

I

Corp,

Term

Loan,

(TSFR3M

+

2.500%)

.780

11/08/32

7,401,392

612,893

(e) Driven

Holdings,

LLC,

Term

Loan

B,

(TSFR1M

+

3.000%)

.441

12/18/28

612,893

1,388,459

(e) Gulfside

Supply

Inc,

Term

Loan

B,

(TSFR3M

+

3.000%)

.299

06/17/31

1,390,688

4,492,375

(e) Johnstone

Supply

LLC,

Term

Loan

B,

(TSFR1M

+

2.500%)

.823

06/09/31

4,489,904

1,627,700

(e) LBM

Acquisition

LLC,

Incremental

Term

Loan

B,

(TSFR1M

+

3.750%)

.175

06/06/31

1,467,258

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

(continued)

$

2,286,103

(e) LBM

Acquisition

LLC,

Term

Loan

B,

(TSFR1M

+

3.750%)

.177

%

12/20/27

$

2,211,279

2,556,242

(e) Les

Schwab

Tire

Centers,

Term

Loan

B,

(TSFR1M

+

TSFR3M

+

2.500%)

.830

04/23/31

2,542,668

1,686,000

(e),(f)

Michaels

Companies,

Inc.,

Term

Loan

B,

(TSFR3M

+

4.250%)

.811

04/17/28

1,181,254

1,880,346

(e) Mister

Car

Wash

Holdings,

Inc.,

Term

Loan

B,

(TSFR1M

+

2.500%)

.827

03/27/31

1,882,527

1,561,000

(e),(f)

Petco

Health

and

Wellness

Company,

Inc.,

Term

Loan

B,

(TSFR3M

+

3.250%)

.811

03/06/28

1,450,473

8,495,345

(e) PetSmart,

Inc.,

Term

Loan

B,

(TSFR1M

+

3.750%)

.177

02/14/28

8,479,416

426,586

(e) Restoration

Hardware,

Inc.,

Term

Loan

B,

(TSFR1M

+

2.500%)

.941

10/20/28

407,443

9,667,315

(e),(f)

Wand

NewCo

3,

Inc.,

Repriced

Term

Loan

B,

(TSFR1M

+

2.500%)

.827

01/30/31

9,591,524

3,222,805

(e) White

Cap

Buyer

LLC,

Term

Loan

B,

(TSFR1M

+

3.250%)

.577

10/31/29

3,196,877

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

49,629,778

CONSUMER

DURABLES

&

APPAREL

-

2.0%

2,833,582

(e) ABG

Intermediate

Holdings

LLC,

First

Lien

Term

Loan

B,

(TSFR1M

+

2.250%)

.577

12/21/28

2,818,890

8,625,263

(e) AI

Aqua

Merger

Sub,

Inc.,

First

Lien

Term

Loan

B,

(TSFR1M

+

3.000%)

.323

07/31/28

8,585,846

3,118,684

(e) Hayward

Industries,

Inc.,

Term

Loan,

(TSFR1M

+

2.500%)

.941

05/30/28

3,125,514

31,253

(e) Serta

Simmons

Bedding,

LLC,

New

Term

Loan,

(TSFR3M

+

7.500%)

.914

06/29/28

28,658

2,493,750

(e) Tempur

Sealy

International

Inc.,

Term

Loan

B,

(SOFR30A

+

2.500%)

.760

10/24/31

2,505,907

4,913,000

(e) Varsity

Brands,

Inc.,

Term

Loan,

(TSFR3M

+

3.500%)

.830

08/26/31

4,888,435

6,938,849

(e) Weber-Stephen

Products

LLC,

Term

Loan

B,

(TSFR1M

+

3.250%)

.691

10/29/27

6,893,850

2,915,000

(e) WH

Borrower,

LLC,

Term

Loan

B,

(TSFR3M

+

4.750%)

.072

02/20/32

2,895,863

TOTAL

CONSUMER

DURABLES

&

APPAREL

31,742,963

CONSUMER

SERVICES

-

7.2%

3,591,000

(e) Allwyn

Entertainment

Financing

US

LLC,

Term

Loan

B,

(TSFR3M

+

2.000%)

.230

06/11/31

3,568,556

7,622,494

(e) Alterra

Mountain

Company,

Term

Loan

B,

(TSFR1M

+

2.750%)

.077

08/17/28

7,641,550

3,100,125

(e) Alterra

Mountain

Company,

Term

Loan

B7,

(TSFR1M

+

3.000%)

.327

05/31/30

3,111,751

1,698,000

(e),(h)

Bally's

Corporation,

Term

Loan

B,

(TBD)

TBD

TBD

1,503,324

3,972,900

(e) Caesars

Entertainment

Inc.,

Term

Loan

B,

(TSFR1M

+

2.250%)

.577

02/06/30

3,970,417

3,465,000

(e) Caesars

Entertainment

Inc.,

Term

Loan

B1,

(TSFR1M

+

2.250%)

.577

02/06/31

3,459,577

1,953,549

(e) Carnival

Corporation,

Term

Loan

(2027),

(TSFR1M

+

2.000%)

.325

08/09/27

1,959,038

2,145,711

(e) Carnival

Corporation,

Term

Loan

(2028),

(TSFR1M

+

2.000%)

.325

10/18/28

2,149,198

525,000

(e) Catawba

Nation

Gaming

Authority,

Term

Loan

B,

(TSFR3M

+

4.750%)

.053

03/29/32

528,609

897,750

(e) CE

Intermediate

I,

LLC,

Term

Loan

B,

(TSFR3M

+

3.000%)

.450

03/25/32

894,384

2,940,374

(e) Cinemark

USA,

Inc.,

Term

Loan

B,

(TSFR1M

+

TSFR3M

+

2.750%)

.063

05/24/30

2,947,725

14,277,336

(e) ClubCorp

Holdings,

Inc.,

Term

Loan

B2,

(TSFR3M

+

5.000%)

.561

09/18/26

14,321,952

8,410,920

(e) Crown

Finance

US,

Inc.,

Term

Loan

B,

(TSFR1M

+

5.250%)

.579

12/02/31

8,432,704

2,500,000

(e) DK

Crown

Holdings

Inc.,

Term

Loan

B,

(TSFR1M

+

1.750%)

.079

03/04/32

2,487,813

2,759,881

(e) Fertitta

Entertainment,

LLC,

Term

Loan

B,

(TSFR1M

+

3.500%)

.827

01/29/29

2,747,516

5,292,926

(e) Flutter

Financing

B.V.,

Term

Loan

B,

(TSFR3M

+

1.750%)

.049

11/29/30

5,285,489

3,825,000

(e),(h)

FLUTTER

FINANCING

BV,

(TBD)

TBD

TBD

3,820,219

4,229,140

(e) GVC

Holdings

(Gibraltar)

Limited,

Term

Loan

B3,

(TSFR3M

+

2.750%)

.053

10/31/29

4,249,292

3,555,000

(e) Herschend

Entertainment

Company,

LLC,

Term

Loan

B,

(TSFR3M

+

3.250%)

.575

05/17/32

3,569,078

4,050,880

(e) IRB

Holding

Corp,

First

Lien

Term

Loan

B,

(TSFR1M

+

2.500%)

.827

12/15/27

4,051,670

6,054,443

(e) Light

and

Wonder

International,

Inc.,

Term

Loan

B2,

(TSFR1M

+

2.250%)

.573

04/16/29

6,055,957

2,277,921

(e) Motion

Finco

Sarl,

Term

Loan

B,

(TSFR3M

+

3.500%)

.799

11/30/29

2,159,515

4,201,632

(e) PG

Investment

Company

S.a

r.l.,

Term

Loan

B,

(TSFR3M

+

3.000%)

.299

03/24/31

4,214,237

3,054,688

(e) Playa

Resorts

Holding

B.V.,

Term

Loan

B,

(TSFR1M

+

2.750%)

.077

01/05/29

3,058,078

3,291,448

(e) Scientific

Games

Holdings

LP,

Term

Loan

B,

(TSFR3M

+

3.000%)

.285

04/04/29

3,276,653

Portfolio

of

Investments

May

31,

2025

(continued)

Floating

Rate

Income

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

CONSUMER

SERVICES

(continued)

$

2,666,572

(e) SeaWorld

Parks

&

Entertainment,

Inc.,

Term

Loan

B3,

(TSFR1M

+

2.000%)

.327

%

12/04/31

$

2,656,573

456,350

(e) Six

Flags

Entertainment

Corporation,

Term

Loan

B,

(TSFR1M

+

2.000%)

.327

05/01/31

457,320

7,443,549

(e) Spin

Holdco

Inc.,

Term

Loan,

(TSFR3M

+

4.000%)

.562

03/06/28

6,405,323

2,793,000

(e) UFC

Holdings,

LLC,

Term

Loan

B,

(TSFR3M

+

2.250%)

.571

11/21/31

2,803,083

TOTAL

CONSUMER

SERVICES

111,786,601

ENERGY

-

1.8%

3,479,504

(e) EG

Group

Limited,

Term

Loan

B,

(TSFR3M

+

4.250%)

.583

02/07/28

3,497,998

2,556,094

(e) Epic

Crude

Services,

LP,

Term

Loan

B,

(TSFR3M

+

3.000%)

.256

10/15/31

2,565,679

15,511,722

(e) Freeport

LNG

Investments,

LLLP,

Term

Loan

A,

(TSFR3M

+

3.000%)

.531

11/16/26

15,498,847

1,365,746

(e) Freeport

LNG

Investments,

LLLP,

Term

Loan

B,

(TSFR3M

+

3.250%)

.522

12/21/28

1,368,183

3,962,955

(e) TransMontaigne

Operating

Company

L.P.,

Term

Loan

B,

(TSFR1M

+

3.250%)

.577

11/17/28

3,981,542

1,158,940

(e) Traverse

Midstream

Partners

LLC,

Term

Loan,

(TSFR3M

+

3.000%)

.280

02/16/28

1,164,254

TOTAL

ENERGY

28,076,503

FINANCIAL

SERVICES

-

0.9%

2,786,018

(e) AAL

Delaware

Holdco,

Inc.,

Term

Loan,

(TSFR1M

+

2.750%)

.077

07/30/31

2,792,105

1,840,121

(e) AqGen

Island

Holdings,

Inc.,

Term

Loan

B,

(TSFR1M

+

3.000%)

.327

08/02/28

1,837,324

1,534,207

(e) Aragorn

Parent

Corporation,

Term

Loan,

(TSFR1M

+

4.250%)

.579

12/15/28

1,544,563

1,562,000

(e) Dechra

Pharmaceuticals

Holdings

Ltd,

Term

Loan

B,

(TSFR6M

+

3.250%)

.542

01/27/32

1,554,190

1,777,219

(b),(e),(i)

Ditech

Holding

Corporation,

Term

Loan

.000

06/30/26

4,318,327

(e) Kestra

Advisor

Services

Holdings

A,

Inc.,

Repriced

Term

Loan,

(TSFR1M

+

3.000%)

.327

03/24/31

4,313,469

1,944,000

(e),(h)

Orion

US

Finco,

(TBD)

TBD

TBD

1,947,343

TOTAL

FINANCIAL

SERVICES

13,989,172

FOOD,

BEVERAGE

&

TOBACCO

-

1.8%

17,568

(e) 8th

Avenue

Food

&

Provisions,

Inc.,

First

Lien

Term

Loan,

(TSFR1M

+

3.750%)

.191

10/01/25

17,238

831,082

(e) 8th

Avenue

Food

&

Provisions,

Inc.,

Incremental

Term

Loan,

(TSFR1M

+

4.750%)

.191

10/01/25

815,499

1,308,392

(e) Aspire

Bakeries

Holdings

LLC,

Term

Loan,

(TSFR1M

+

4.250%)

.577

12/23/30

1,316,569

2,569,679

(e) CHG

PPC

Parent

LLC,

Term

Loan,

(TSFR1M

+

3.000%)

.441

12/08/28

2,582,527

738,690

(e) City

Brewing

Company,

LLC,

First

Out

New

Money

Term

Loan,

(TSFR3M

+

6.250%)

.506

04/05/28

302,863

1,933,008

(e) City

Brewing

Company,

LLC,

FLFO

Roll

Up

Term

Loan,

(TSFR3M

+

3.500%)

.018

04/05/28

792,534

192,255

(e) City

Brewing

Company,

LLC,

PIK

Super

Priority

Term

Loan,

(TSFR3M

+

9.000%)

.580

01/03/26

177,836

3,287,698

(e) Fiesta

Purchaser,

Inc.,

First

Lien

Term

Loan

B,

(TSFR1M

+

3.250%)

.577

02/12/31

3,292,432

1,642,000

(e),(f)

Naked

Juice

LLC,

FLFO

Term

Loan,

(TSFR3M

+

5.500%)

.708

01/24/29

1,621,483

6,457,152

(e) Pegasus

BidCo

BV,

Term

Loan

B,

(TSFR3M

+

3.250%)

.576

07/12/29

6,489,438

129,310

(e),(g)

Sauer

Brands

Inc,

Delayed

Draw

Term

Loan

.000

02/19/32

129,614

1,370,690

(e) Sauer

Brands

Inc,

Term

Loan

B,

(TSFR1M

+

3.250%)

.577

02/19/32

1,373,904

8,588,076

(e) Triton

Water

Holdings,

Inc,

Term

Loan

B,

(TSFR3M

+

2.250%)

.549

03/31/28

8,600,443

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

27,512,380

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

9.1%

2,271,987

(e) ADMI

Corp.,

Term

Loan

B5,

(TSFR1M

+

5.750%)

.077

12/23/27

2,211,780

5,471,370

(e) AHP

Health

Partners,

Inc.,

Term

Loan

B,

(TSFR1M

+

2.750%)

.077

08/24/28

5,498,727

11,743,955

(e) Bausch

&

Lomb

Corporation,

Term

Loan,

(TSFR1M

+

3.250%)

.679

05/10/27

11,722,581

2,187,462

(e) Concentra

Health

Services

Inc,

Repriced

Term

Loan

B,

(TSFR1M

+

2.000%)

.327

07/28/31

2,198,400

2,723,818

(e) EyeCare

Partners,

LLC,

Second

Out

Term

Loan

B,

(TSFR6M

+

2.305%),

(cash

5.227%,

PIK

3.610%)

.419

11/30/28

2,288,497

5,441,657

(e) Gainwell

Acquisition

Corp.,

Term

Loan

B,

(TSFR3M

+

4.000%)

.399

10/01/27

5,226,712

6,767,973

(e) Global

Medical

Response,

Inc.,

PIK

Term

Loan,

(TSFR3M

+

4.750%)

.079

10/02/28

6,787,904

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

HEALTH

CARE

EQUIPMENT

&

SERVICES

(continued)

$

3,666,737

(e) MedAssets

Software

Intermediate

Holdings,

Inc.,

First

Out

Term

Loan,

(TSFR1M

+

4.000%)

.323

%

12/18/28

$

3,586,986

24,044,366

(e),(f)

Medline

Borrower,

LP,

Add-on

Term

Loan

B,

(TSFR1M

+

2.250%)

.577

10/23/28

24,048,093

5,450,682

(e) National

Mentor

Holdings,

Inc.,

Term

Loan,

(TSFR1M

+

TSFR3M

+

3.750%)

.163

03/02/28

5,304,495

157,762

(e) National

Mentor

Holdings,

Inc.,

Term

Loan

C,

(TSFR3M

+

3.750%)

.149

03/02/28

153,531

1,265,688

(e) Onex

TSG

Intermediate

Corp.,

Term

Loan

B,

(TSFR3M

+

4.750%)

.344

02/28/28

1,269,643

3,881,790

(e) Pacific

Dental

Services,

LLC,

Term

Loan

B,

(TSFR1M

+

2.750%)

.077

03/17/31

3,882,392

13,477,473

(e) Parexel

International

Corporation,

Term

Loan

B,

(TSFR1M

+

2.500%)

.827

11/15/28

13,498,161

9,490,596

(e) Phoenix

Guarantor

Inc,

Term

Loan

B,

(TSFR1M

+

2.500%)

.827

02/21/31

9,511,095

2,219,106

(e) Radiology

Partners

Inc,

Extended

Term

Loan

B,

(TSFR3M

+

2.500%),

(cash

8.091%,

PIK

1.500%)

.796

01/31/29

2,207,400

3,832,969

(e) Select

Medical

Corporation,

Term

Loan

B,

(TSFR1M

+

2.000%)

.327

12/03/31

3,847,343

313,001

(e) Sound

Inpatient

Physicians,

Tranche

A

Term

Loan

(First

Out),

(TSFR3M

+

3.250%),

(cash

10.061%,

PIK

1.000%)

.530

06/28/28

327,477

2,935,762

(e) Sound

Inpatient

Physicians,

Tranche

B

Term

Loan

(Second

Out),

(TSFR3M

+

2.500%),

(cash

8.061%,

PIK

1.500%)

.780

06/28/28

2,796,313

1,844,000

(e) Star

Parent

Inc.,

Term

Loan

B,

(TSFR3M

+

4.000%)

.299

09/30/30

1,815,879

17,885,473

(e) Surgery

Center

Holdings,

Inc.,

Term

Loan

B,

(TSFR1M

+

2.750%)

.079

12/19/30

17,940,471

7,520,169

(e) Team

Health

Holdings,

Inc.,

Term

Loan

B,

(TSFR3M

+

5.250%)

.530

03/02/27

7,495,729

3,878,879

(e) Viant

Medical

Holdings,

Inc.,

Term

Loan

B,

(TSFR1M

+

4.000%)

.327

10/29/31

3,862,878

13,456

(b),(e)

Vyaire

Medical,

Inc.,

PIK

Roll

Up

Term

Loan

.000

06/14/25

303,385

(b),(e),(i)

Vyaire

Medical,

Inc.,

Term

Loan

B

.000

04/16/25

3,990,000

(e) Zelis

Payments

Buyer,

Inc.,

5th

Amendment

Term

Loan,

(TSFR1M

+

3.250%)

.577

11/26/31

3,989,062

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

141,471,580

HOUSEHOLD

&

PERSONAL

PRODUCTS

-

0.1%

859,000

(e),(h)

Kronos

Acquisition

Holdings

Inc.,

Term

Loan,

(TBD)

TBD

TBD

736,592

1,161,000

(e),(h)

VC

GB

Holdings

I

Corp.,

First

Lien

Term

Loan,

(TBD)

TBD

TBD

1,143,986

TOTAL

HOUSEHOLD

&

PERSONAL

PRODUCTS

1,880,578

INSURANCE

-

6.7%

3,138,283

(e) Acrisure,

LLC,

First

Lien

Term

Loan

B6,

(TSFR1M

+

3.000%)

.327

11/06/30

3,127,173

5,740,000

(e),(h)

Alera

Group

Intermediate

Holdings

Inc,

(TBD)

TBD

TBD

5,750,389

13,695,575

(e) Alliant

Holdings

Intermediate,

LLC,

Term

Loan

B6,

(TSFR1M

+

2.750%)

.075

09/19/31

13,652,434

5,351,588

(e) AmWINS

Group,

Inc.,

Term

Loan

B,

(TSFR1M

+

2.250%)

.577

01/30/32

5,351,882

10,617,750

(e) AssuredPartners,

Inc.,

Incremental

Term

Loan

B5,

(TSFR1M

+

3.500%)

.827

02/14/31

10,647,055

1,802,000

(e),(f)

Asurion

LLC,

2nd

Lien

Term

Loan

B3,

(TSFR1M

+

5.250%)

.691

02/03/28

1,746,976

700,080

(e) Asurion

LLC,

Term

Loan

B11,

(TSFR1M

+

4.250%)

.677

08/21/28

698,932

3,813,694

(e) Asurion

LLC,

Term

Loan

B8,

(TSFR1M

+

3.250%)

.691

12/23/26

3,815,010

4,099,808

(e) Asurion

LLC,

Term

Loan

B9,

(TSFR1M

+

3.250%)

.691

07/30/27

4,081,585

18,809,869

(e) Broadstreet

Partners,

Inc.,

Term

Loan

B4,

(TSFR1M

+

3.000%)

.327

06/16/31

18,851,062

453,500

(e) Evertec

Group,

LLC,

Term

Loan

B,

(TSFR1M

+

2.750%)

.077

10/15/30

454,634

7,344,237

(e) HUB

International

Limited,

Term

Loan

B,

(TSFR3M

+

2.500%)

.769

06/20/30

7,352,315

10,997,626

(e) Ryan

Specialty

Group,

LLC,

Term

Loan

B,

(TSFR1M

+

2.250%)

.577

09/15/31

10,997,626

8,823,649

(e) Sedgwick

Claims

Management

Services,

Inc.,

Term

Loan

B,

(TSFR1M

+

3.000%)

.327

07/31/31

8,847,517

4,196,855

(e) Truist

Insurance

Holdings

LLC,

Term

Loan

B,

(TSFR3M

+

2.750%)

.049

05/06/31

4,195,092

3,753,135

(e) USI,

Inc.,

Term

Loan

C,

(TSFR3M

+

2.250%)

.549

09/27/30

3,741,182

1,052,135

(e) USI,

Inc.,

Term

Loan

D,

(TSFR3M

+

2.250%)

.549

11/23/29

1,049,999

TOTAL

INSURANCE

104,360,863

Portfolio

of

Investments

May

31,

2025

(continued)

Floating

Rate

Income

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MATERIALS

-

4.4%

$

3,231,066

(e) Arsenal

AIC

Parent

LLC,

Term

Loan

B,

(TSFR1M

+

2.750%)

.077

%

08/19/30

$

3,227,027

5,911,257

(e) Berlin

Packaging

LLC,

Term

Loan

B7,

(TSFR1M

+

TSFR3M

+

3.500%)

.812

06/09/31

5,930,823

133,677

(e),(g)

Clydesdale

Acquisition

Holdings

Inc,

Delayed

Draw

Term

Loan,

(N/A

+

TSFR3M

+

1.625%)

.746

03/29/32

132,810

5,967,130

(e) Clydesdale

Acquisition

Holdings

Inc,

Term

Loan

B,

(TSFR1M

+

3.175%)

.502

04/13/29

5,950,840

7,646,323

(e) Clydesdale

Acquisition

Holdings

Inc,

Term

Loan

B,

(TSFR3M

+

3.250%)

.492

03/29/32

7,596,737

1,395,000

(e) CPC

Acquisition

Corp,

Term

Loan,

(TSFR3M

+

3.750%)

.311

12/29/27

1,214,815

4,960,568

(e) Discovery

Purchaser

Corporation,

Term

Loan,

(TSFR3M

+

3.750%)

.022

10/04/29

4,956,947

3,150,522

(e) Element

Materials

Technology

Group

US

Holdings

Inc.,

Term

Loan,

(TSFR3M

+

3.750%)

.049

06/25/29

3,155,767

3,575,000

(e) Fortis

333,

Inc.,

Term

Loan

B,

(TSFR3M

+

3.500%)

.803

04/02/32

3,547,061

1,343,477

(e) INEOS

Quattro

Holdings

UK

Ltd,

First

Lien

Term

Loan

B,

(TSFR1M

+

4.250%)

.677

03/29/29

1,235,999

297,618

(e) INEOS

Quattro

Holdings

UK

Ltd,

Term

Loan,

(TSFR1M

+

3.750%)

.177

03/01/30

265,996

962,000

(e) INEOS

Quattro

Holdings

UK

Ltd,

Term

Loan

B,

(TSFR1M

+

4.250%)

.577

10/07/31

863,395

797,133

(e) Ineos

US

Finance

LLC,

First

Lien

Term

Loan

B,

(TSFR1M

+

3.000%)

.327

02/07/31

772,024

1,964,650

(e) Ineos

US

Finance

LLC,

Term

Loan

B,

(TSFR1M

+

3.250%)

.577

02/19/30

1,906,948

6,889,619

(e) Klockner-Pentaplast

of

America,

Inc.,

Term

Loan

B,

(TSFR6M

+

4.725%)

.227

02/09/26

6,298,283

2,514,015

(e) Lonza

Group

AG,

Term

Loan

B,

(TSFR3M

+

3.925%)

.324

07/03/28

2,401,173

4,827,048

(e) Nouryon

Finance

B.V.,

Term

Loan

B1,

(TSFR3M

+

3.250%)

.510

04/03/28

4,849,180

246,886

(e) Nouryon

Finance

B.V.,

Term

Loan

B2,

(TSFR3M

+

3.250%)

.550

04/03/28

247,966

533,607

(e) Plaze,

Inc.,

Incremental

Term

Loan,

(TSFR1M

+

3.750%)

.191

08/03/26

517,268

4,709,759

(e) Proampac

PG

Borrower

LLC,

Term

Loan,

(TSFR3M

+

4.000%)

.290

09/15/28

4,713,292

4,539,150

(e) SupplyOne,

Inc,

Term

Loan

B,

(TSFR1M

+

3.750%)

.077

04/21/31

4,560,416

2,589,011

(e) TricorBraun

Holdings,

Inc.,

Term

Loan,

(TSFR1M

+

3.250%)

.691

03/03/28

2,580,105

217,170

(e),(g)

USALCO,

LLC,

Delayed

Draw

Term

Loan

.000

09/30/31

218,358

2,100,294

(e) USALCO,

LLC,

Term

Loan

B,

(TSFR3M

+

4.000%)

.299

09/30/31

2,111,783

TOTAL

MATERIALS

69,255,013

MEDIA

&

ENTERTAINMENT

-

3.7%

546,583

(e) Advantage

Sales

&

Marketing,

Inc.,

Term

Loan,

(TSFR3M

+

4.250%)

.789

10/28/27

459,747

9,014,805

(e),(f)

AMC

Entertainment

Holdings,

Inc.

,

Term

Loan,

(TSFR1M

+

7.000%)

.323

01/04/29

9,057,040

6,665,714

(e) Cengage

Learning,

Inc.,

First

Lien

Term

Loan

B,

(TSFR1M

+

TSFR3M

+

3.500%)

.827

03/24/31

6,681,612

3,111,527

(e) Century

De

Buyer

LLC,

Term

Loan

B,

(TSFR3M

+

3.500%)

.780

10/30/30

3,127,582

271,806

(e) Checkout

Holding

Corp.,

Exit

Term

Loan,

(TSFR1M

+

9.500%)

.827

05/24/30

271,127

8,429,401

(e) Clear

Channel

Outdoor

Holdings,

Inc.,

Term

Loan,

(TSFR1M

+

4.000%)

.441

08/23/28

8,292,424

1,652,543

(e) CMG

Media

Corporation,

Term

Loan,

(TSFR3M

+

3.500%)

.899

06/18/29

1,575,427

6,348,096

(e),(f)

CSC

Holdings,

LLC,

Term

Loan

B5,

(Prime

+

1.500%)

.000

04/15/27

6,237,005

9,789,859

(e),(f)

CSC

Holdings,

LLC,

Term

Loan

B6,

(TSFR1M

+

4.500%)

.829

01/18/28

9,685,842

980,244

(e) DirecTV

Financing,

LLC,

Term

Loan,

(TSFR3M

+

5.000%)

.541

08/02/27

985,145

1,677,206

(e) Dotdash

Meredith

Inc,

Term

Loan,

(TSFR1M

+

3.500%)

.824

12/01/28

1,680,359

5,042,362

(e) McGraw-Hill

Global

Education

Holdings,

LLC,

Term

Loan

B,

(TSFR1M

+

3.250%)

.577

08/06/31

5,062,455

700,700

(e) Mission

Broadcasting,

Inc.,

Term

Loan

B,

(TSFR1M

+

2.500%)

.939

06/02/28

698,514

19,857

(e) NEP

Group,

Inc.,

Term

Loan

B,

(TSFR3M

+

2.375%),

(cash

6.344%,

PIK

1.500%)

.672

08/19/26

18,097

4,159,412

(e) Planet

US

Buyer

LLC,

Term

Loan

B,

(TSFR1M

+

TSFR3M

+

3.000%)

.327

02/10/31

4,177,609

TOTAL

MEDIA

&

ENTERTAINMENT

58,009,985

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

1.5%

$

6,299,278

(e) Jazz

Financing

Lux

S.a.r.l.,

First

Lien

Term

Loan

B,

(TSFR1M

+

2.250%)

.577

%

05/05/28

$

6,304,695

5,625,000

(e),(h)

OPAL

US

LLC,

(TBD)

TBD

TBD

5,639,062

9,623,621

(e) Organon

&

Co,

Term

Loan,

(TSFR1M

+

2.250%)

.573

05/19/31

9,395,060

1,842,000

(e) Perrigo

Investments,

LLC,

Term

Loan

B,

(TSFR1M

+

2.000%)

.327

04/20/29

1,845,067

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

23,183,884

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

-

0.9%

7,172,789

(e) Cushman

&

Wakefield

U.S.

Borrower,

LLC,

Term

Loan

B1,

(TSFR1M

+

2.750%)

.077

01/31/30

7,208,653

1,431,250

(e) Cushman

&

Wakefield

U.S.

Borrower,

LLC,

Tranche

Incremental

Term

Loan,

(TSFR1M

+

3.250%)

.577

01/31/30

1,441,984

5,740,000

(e) Forest

City

Enterprises,

L.P.,

Term

Loan

B,

(TSFR1M

+

3.500%)

.941

12/08/25

5,587,173

TOTAL

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

14,237,810

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

0.6%

8,843,000

(e) Instructure

Holdings,

Inc.,

Term

Loan,

(TSFR6M

+

3.000%)

.205

11/13/31

8,844,017

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

8,844,017

SOFTWARE

&

SERVICES

-

15.5%

979,227

(e) Ahead

DB

Holdings,

LLC,

Term

Loan

B3,

(TSFR3M

+

3.000%)

.299

02/03/31

981,337

1,429,233

(e) Applied

Systems,

Inc.,

First

Lien

Term

Loan,

(TSFR3M

+

2.500%)

.799

02/24/31

1,436,208

515,856

(e) Apttus

Corporation,

Term

Loan

B,

(TSFR3M

+

3.500%)

.780

05/08/28

518,113

2,013,000

(e) Asurion

LLC,

Second

Lien

Term

Loan

B4,

(TSFR1M

+

5.250%)

.691

01/22/29

1,915,339

3,920,000

(e) Avalara,

Inc,

Term

Loan

B,

(TSFR3M

+

3.250%)

.553

03/29/32

3,926,644

6,061,963

(e) Avaya,

Inc.,

Exit

Term

Loan,

(TSFR1M

+

3.750%),

(cash

11.827%,

PIK

7.500%)

.913

08/01/28

4,819,260

3,010,000

(e) BCPE

Pequod

Buyer

Inc,

Term

Loan

B,

(TSFR1M

+

3.250%)

.577

11/25/31

3,020,535

12,062,010

(e) Boost

Newco

Borrower,

LLC,

Term

Loan

B,

(TSFR3M

+

2.000%)

.299

01/31/31

12,097,834

16,978,096

(e) Boxer

Parent

Company

Inc.,

Term

Loan

B,

(TSFR3M

+

3.000%)

.333

07/30/31

16,879,878

4,125,927

(e) Camelot

U.S.

Acquisition

LLC,

Term

Loan

B,

(TSFR1M

+

2.750%)

.077

01/31/31

4,075,632

3,937,000

(e) Clearwater

Analytics,

LLC,

Term

Loan

B,

(TSFR3M

+

2.250%)

.529

04/21/32

3,946,843

349,123

(e),(h)

Cloud

Software

Group,

Inc.,

Term

Loan,

(TBD)

TBD

TBD

348,686

6,500,000

(e) Cotiviti

Corporation,

2nd

Amendment

Term

Loan,

(TSFR1M

+

2.750%)

.074

03/29/32

6,463,438

7,727,145

(e) Cotiviti

Corporation,

Term

Loan,

(TSFR1M

+

2.750%)

.074

05/01/31

7,703,037

8,000,000

(e) Darktrace

PLC,

First

Lien

Term

Loan,

(TSFR3M

+

3.250%)

.458

10/09/31

8,011,360

5,907,813

(e) Ellucian

Holdings,

Inc.,

First

Lien

Term

Loan

B,

(TSFR1M

+

3.000%)

.327

10/08/29

5,923,616

12,805,286

(e) Epicor

Software

Corporation,

Term

Loan

E,

(TSFR1M

+

2.750%)

.077

05/30/31

12,850,617

859,000

(e),(h)

FinThrive

Software

Intermediate

Holdings

Inc,

(TBD)

TBD

TBD

777,395

616,863

(e) Fortress

Intermediate

3,

Inc,

Term

Loan

B,

(TSFR1M

+

3.500%)

.827

06/27/31

618,405

20,670,195

(e) Genesys

Cloud

Services

Holdings

II

LLC,

Term

Loan

B,

(TSFR1M

+

2.500%)

.827

01/30/32

20,637,019

5,079,860

(e) Informatica

LLC,

Term

Loan

B,

(TSFR1M

+

2.250%)

.577

10/30/28

5,102,872

4,830,000

(e) Javelin

Buyer,

Inc.,

First

Lien

Term

Loan,

(TSFR3M

+

3.250%)

.583

12/08/31

4,845,867

3,590,000

(e) Kaseya

Inc.,

First

Lien

Term

Loan

B,

(TSFR1M

+

3.250%)

.577

03/22/32

3,593,859

10,421,379

(e) McAfee,

LLC,

First

Lien

Term

Loan

B,

(TSFR1M

+

3.000%)

.329

03/01/29

10,059,236

1,317,000

(e),(h)

MH

Sub

I

LLC,

(TBD)

TBD

TBD

1,269,259

10,081,844

(e) Mitchell

International,

Inc.,

First

Lien

Term

Loan,

(TSFR1M

+

3.250%)

.577

06/17/31

10,063,999

3,885,287

(e) Open

Text

Corporation,

Term

Loan

B,

(TSFR1M

+

1.750%)

.077

01/31/30

3,888,609

3,106,525

(e) Perforce

Software,

Inc.,

Add-on

Term

Loan,

(TSFR1M

+

4.750%)

.077

03/24/31

3,003,637

2,019,938

(e) PointClickCare

Technologies,

Inc.,

Term

Loan

B,

(TSFR3M

+

3.250%)

.549

11/03/31

2,026,886

2,119,000

(e) Polaris

Newco

LLC,

Term

Loan

B,

(TSFR3M

+

3.750%)

.291

06/05/28

2,056,394

5,858,440

(e) Press

Ganey

Holdings,

Inc.,

First

Lien

Term

Loan

B,

(TSFR1M

+

3.250%)

.577

04/30/31

5,866,964

3,026,742

(e) Project

Alpha

Intermediate

Holding,

Inc.,

First

Lien

Term

Loan

B,

(TSFR3M

+

3.250%)

.549

10/28/30

3,039,348

4,189,421

(e) Proofpoint,

Inc.,

Term

Loan,

(TSFR1M

+

3.000%)

.327

08/31/28

4,193,212

3,703,493

(e) Rackspace

Finance,

LLC,

First

Lien

First

Out

Term

Loan,

(TSFR1M

+

6.250%)

.697

05/15/28

3,713,418

7,759,555

(e) Rackspace

Finance,

LLC,

First

Lien

Second

Out

Term

Loan,

(TSFR1M

+

2.750%)

.197

05/15/28

3,543,517

Portfolio

of

Investments

May

31,

2025

(continued)

Floating

Rate

Income

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SOFTWARE

&

SERVICES

(continued)

$

6,816,691

(e) Rocket

Software,

Inc.,

Term

Loan

B,

(TSFR1M

+

4.250%)

.577

%

11/28/28

$

6,834,653

1,879,447

(e) Surf

Holdings,

LLC,

Incremental

Term

Loan,

(TSFR1M

+

3.500%)

.943

03/05/27

1,887,087

2,875,000

(e) Synechron

Inc,

Term

Loan

B,

(TSFR3M

+

3.750%)

.030

10/03/31

2,882,188

2,497,224

(e) Syniverse

Holdings,

Inc.,

Term

Loan,

(TSFR3M

+

7.000%)

.299

05/13/27

2,387,521

2,523,952

(e) Tempo

Acquisition

LLC,

Repriced

Term

Loan

B,

(TSFR1M

+

1.750%)

.077

08/31/28

2,516,065

5,343,457

(e),(f)

Twitter,

Inc.,

Term

Loan,

(TSFR3M

+

6.500%)

.949

10/29/29

5,298,545

13,939,572

(e) UKG

Inc.,

Term

Loan

B,

(TSFR1M

+

3.000%)

.329

02/10/31

13,982,018

5,355,590

(e) Vision

Solutions,

Inc.,

Incremental

Term

Loan,

(TSFR3M

+

4.000%)

.541

04/24/28

5,035,594

4,800,905

(e) VS

Buyer,

LLC,

First

Lien

Term

Loan

B,

(TSFR3M

+

2.750%)

.019

04/14/31

4,809,907

4,422,000

X

Corp

.500

10/29/29

4,407,142

7,573,500

(e) Zelis

Payments

Buyer,

Inc.,

Term

Loan

B,

(TSFR1M

+

2.750%)

.077

09/28/29

7,528,930

TOTAL

SOFTWARE

&

SERVICES

240,787,923

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

3.0%

1,878,293

(e) Amentum

Government

Services

Holdings

LLC,

Term

Loan

B,

(TSFR1M

+

2.250%)

.577

09/29/31

1,872,432

21,183,723

(e),(f)

CommScope,

Inc.,

Term

Loan,

(TSFR1M

+

5.250%)

.577

12/17/29

21,433,797

10,838,794

(e) Delta

TopCo,

Inc.,

Term

Loan

B,

(TSFR3M

+

2.750%)

.069

12/03/29

10,792,891

2,042,201

(e) Ingram

Micro

Inc.,

Term

Loan

B,

(TSFR3M

+

2.750%)

.053

09/22/31

2,054,975

6,070,227

(e),(i)

MLN

US

HoldCo

LLC,

First

Lien

Term

Loan,

(TSFR3M

+

4.500%)

.405

12/01/25

45,679

3,526,574

(e),(i)

MLN

US

HoldCo

LLC,

Second

Out

Term

Loan,

(Prime

+

6.800%)

.000

10/18/27

17,809

7,027,536

(e) Verifone

Systems,

Inc.,

Term

Loan,

(TSFR3M

+

5.500%)

.211

08/21/28

6,436,028

337,000

(e) ViaSat,

Inc.,

Term

Loan,

(TSFR1M

+

4.500%)

.941

03/05/29

319,997

3,920,000

(e),(f)

ViaSat,

Inc.,

Term

Loan,

(TSFR1M

+

4.500%)

.940

05/30/30

3,678,273

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

46,651,881

TELECOMMUNICATION

SERVICES

-

5.9%

1,832,492

(e) Altice

France

S.A.,

Term

Loan

B12,

(Prime

+

2.688%)

.188

02/02/26

1,630,231

4,057,149

(e) Altice

France

S.A.,

Term

Loan

B13,

(Prime

+

3.000%)

.500

08/14/26

3,635,591

869,781

(e) Altice

France

S.A.,

Term

Loan

B14,

(TSFR3M

+

5.500%)

.756

08/31/28

803,052

4,583,238

(e) Cincinnati

Bell,

Inc.,

Term

Loan

B2,

(TSFR1M

+

2.750%)

.077

11/24/28

4,595,178

1,988,000

(e),(f)

Connect

Finco

Sarl,

Extended

Term

Loan

B,

(TSFR1M

+

4.500%)

.827

09/13/29

1,825,242

4,797,182

(b),(e)

Cyxtera

DC

Holdings,

Inc.,

Term

Loan

B

.000

05/01/26

26,384

4,946,476

(e) Digicel

International

Finance

Limited,

Term

Loan,

(TSFR3M

+

3.750%),

(cash

9.530%,

PIK

2.250%)

.890

05/27/27

4,942,766

13,259,287

(e) Frontier

Communications

Corp.,

Term

Loan

B,

(TSFR6M

+

2.500%)

.792

07/01/31

13,280,038

2,025,800

(e) Iridium

Satellite

LLC,

Term

Loan

B,

(TSFR1M

+

2.250%)

.577

09/20/30

2,023,420

7,523,000

(e),(f)

Level

Financing

Inc.,

Term

Loan

B,

(TSFR1M

+

4.250%)

.577

03/29/32

7,581,002

9,136,481

(e) Lumen

Technologies,

Inc.,

Extended

Term

Loan

B2,

(TSFR1M

+

2.350%)

.791

04/15/30

9,059,095

4,175,821

(e) Lumen

Technologies,

Inc.,

Term

Loan

A,

(TSFR1M

+

6.000%)

.327

06/01/28

4,278,462

4,710,416

(e) Numericable

Group

SA,

Term

Loan

B11,

(Prime

+

1.750%)

.250

07/31/25

4,159,038

28,071,000

(e) Zayo

Group

Holdings,

Inc.,

Term

Loan,

(TSFR1M

+

3.000%)

.441

03/09/27

26,882,053

7,371,073

(e) Ziggo

Financing

Partnership,

Term

Loan

I,

(TSFR1M

+

2.500%)

.943

04/28/28

7,188,344

TOTAL

TELECOMMUNICATION

SERVICES

91,909,896

TRANSPORTATION

-

1.8%

2,409,500

(e) Air

Canada,

Term

Loan

B,

(TSFR1M

+

2.000%)

.325

03/21/31

2,416,427

2,780,487

(e) American

Airlines,

Inc.,

Term

Loan,

(TSFR3M

+

2.250%)

.522

04/20/28

2,755,811

2,596,050

(e) Brown

Group

Holding,

LLC,

Incremental

Term

Loan

B2,

(TSFR1M

+

TSFR3M

+

2.500%)

.816

07/01/31

2,591,053

415,979

(e) Brown

Group

Holding,

LLC,

Term

Loan

B,

(TSFR1M

+

2.500%)

.827

07/01/31

415,418

9,837,259

(e) KKR

Apple

Bidco,

LLC,

Term

Loan,

(TSFR1M

+

2.500%)

.827

09/23/31

9,797,319

2,088,000

(e) PODS,

LLC,

Term

Loan

B,

(TSFR3M

+

3.000%)

.541

03/31/28

2,009,919

5,000,000

(e) Stonepeak

Nile

Parent

LLC,

Term

Loan

B,

(Prime

+

1.750%)

.250

04/12/32

4,997,925

2,277,995

(e) United

Airlines,

Inc.,

First

Lien

Term

Loan

B,

(TSFR3M

+

2.000%)

.275

02/24/31

2,287,392

TOTAL

TRANSPORTATION

27,271,264

UTILITIES

-

2.6%

4,586,000

(e),(h)

Cornerstone

Generation

LLC,

(TBD)

TBD

TBD

4,613,241

3,275,250

(e) EFS

Cogen

Holdings

I

LLC,

Term

Loan

B,

(TSFR3M

+

3.500%)

.799

10/03/31

3,299,831

1,471,860

(e) Hamilton

Projects

Acquiror,

LLC

,

Term

Loan

B,

(TSFR1M

+

3.000%)

.327

05/30/31

1,479,771

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

UTILITIES

(continued)

$

614,062

(e),(h)

Invenergy

Thermal

Operating

I

LLC,

(TBD)

TBD

TBD

$

619,181

40,938

(e),(h)

Invenergy

Thermal

Operating

I

LLC,

(TBD)

TBD

TBD

41,279

2,189,000

(e) Kestrel

Acquisition,

LLC,

Term

Loan

B,

(TSFR3M

+

3.500%)

.799

%

11/06/31

2,193,104

1,400,000

(e) Long

Ridge

Energy

LLC,

Term

Loan

B,

(TSFR1M

+

4.500%)

.827

02/19/32

1,364,419

11,800,425

(e) Talen

Energy

Supply,

LLC,

Incremental

Term

Loan

B,

(TSFR3M

+

2.500%)

.808

12/15/31

11,834,528

13,544,557

(e) Talen

Energy

Supply,

LLC,

Term

Loan

B,

(TSFR3M

+

2.500%)

.808

05/17/30

13,588,983

2,046,142

(e) Thunder

Generation

Funding

LLC,

Term

Loan

B,

(TSFR3M

+

3.000%)

.299

10/03/31

2,051,902

TOTAL

UTILITIES

41,086,239

TOTAL

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

(Cost

$1,329,630,303)

1,321,000,584

SHARES

DESCRIPTION

VALUE

246053

WARRANTS

-

.0

%

246053

TELECOMMUNICATION

SERVICES

-

0.0%

Intelsat

SA/Luxembourg

TOTAL

TELECOMMUNICATION

SERVICES

TRANSPORTATION

-

0.0%

1,071

ACBL

HLDG

CORP

49,802

3,029

ACBL

HLDG

CORP

184,769

24,232

(b) American

Commercial

Barge

Line

LLC

8,481

11,952

(b) American

Commercial

Barge

Line

LLC

2,988

TOTAL

TRANSPORTATION

246,040

TOTAL

WARRANTS

(Cost

$603,807)

246,053

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$1,540,670,295)

1,514,247,196

SHARES

DESCRIPTION

RATE

VALUE

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

-

1.8%

28,836,660

(j) State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

.340

(k) 28,836,660

TOTAL

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

(Cost

$28,836,660)

28,836,660

SHARES

DESCRIPTION

RATE

VALUE

SHORT-TERM

INVESTMENTS

-

4.6%

INVESTMENT

COMPANIES

-

4.6%

–

71,876,155

BlackRock

Liquidity

Funds

T-Fund

4.517(l)

71,876,155

TOTAL

INVESTMENT

COMPANIES

(Cost

$71,876,155)

71,876,155

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$71,876,155)

71,876,155

TOTAL

INVESTMENTS

-

.6

%

(Cost

$

1,641,383,110)

1,614,960,011

OTHER

ASSETS

&

LIABILITIES,

NET

- (3.6)%

(56,710,814)

NET

ASSETS

-

100%

$

1,558,249,197

ETF

Exchange-Traded

Fund

PIK

Payment-in-kind

("PIK")

security. Depending

on

the

terms

of

the

security,

income

may

be

received

in

the

form

of

cash,

securities,

or

a

combination

of

both. The

PIK

rate

shown,

where

applicable,

represents

the

annualized

rate

of

the

last

PIK

payment

made

by

the

issuer

as

of

the

end

of

the

reporting

period.

SOFR30A

Day

Average

Secured

Overnight

Financing

Rate

SOFR90A

Day

Average

Secured

Overnight

Financing

Rate

SPDR

Standard

&

Poor's

Depositary

Receipt

TBD

Senior

loan

purchased

on

a

when-issued

or

delayed-delivery

basis.

Certain

details

associated

with

this

purchase

are

not

known

prior

to

the

settlement

date

of

the

transaction.

In

addition,

senior

loans

typically

trade

without

accrued

interest

and

therefore

a

coupon

rate

is

not

available

prior

to

settlement.

At

settlement,

if

still

unknown,

the

borrower

or

counterparty

will

provide

the

Fund

with

the

final

coupon

rate

and

maturity

date.

TSFR1M

CME

Term

Secured

Overnight

Financing

Rate

Month

Portfolio

of

Investments

May

31,

2025

(continued)

Floating

Rate

Income

Part

F

of

Form

N-PORT

was

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

("U.S.

GAAP")

and

in

conformity

with

the

applicable

rules

and

regulations

of

the

U.S.

Securities

and

Exchange

Commission

("SEC")

related

to

interim

filings.

Part

F

of

Form

N-PORT

does

not

include

all

information

and

footnotes

required

by

U.S.

GAAP

for

complete

financial

statements.

Certain

footnote

disclosures

normally

included

in

financial

statements

prepared

in

accordance

with

U.S.

GAAP

have

been

condensed

or

omitted

from

this

report

pursuant

to

the

rules

of

the

SEC.

For

a

full

set

of

the

Fund's

notes

to

financial

statements,

please

refer

to

the

Fund's

most

recently

filed

annual

or

semi-annual

report.

Fair

Value

Measurements

The

Fund's

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Board

of

Directors/

Trustees.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management's

assumptions

about

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management's

assumptions

in

determining

the

fair

value

of

investments).

The

following

table

summarizes

the

market

value

of

the

Fund's

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

TSFR3M

CME

Term

Secured

Overnight

Financing

Rate

Month

TSFR6M

CME

Term

Secured

Overnight

Financing

Rate

Month

(a) Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

(b) For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

3. (c) Security

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

As

of

the

end

of

the

reporting

period,

the

aggregate

value

of

these

securities

is

$129,456,462

or

8.0%

of

Total

Investments.

(d) Investment,

or

a

portion

of

investment,

is

out

on

loan

for

securities

lending.

The

total

value

of

the

securities

out

on

loan

as

of

the

end

of

the

reporting

period

was

$28,252,724.

(e) Floating

or

variable

rate

security

includes

the

reference

rate

and

spread,

unless

the

variable

rate

is

based

on

the

underlying

asset

of

the

security.

Coupon

rate

reflects

the

rate

at

period

end.

(f) Portion

of

investment

purchased

on

a

delayed

delivery

basis.

(g) Investment,

or

portion

of

investment,

represents

an

outstanding

unfunded

senior

loan

commitment.

(h) When-issued

or

delayed

delivery

security.

(i) Defaulted

security.

A

security

whose

issuer

has

failed

to

fully

pay

principal

and/or

interest

when

due,

or

is

under

the

protection

of

bankruptcy.

(j) Investments

made

with

cash

collateral

received

from

securities

on

loan.

(k) The

rate

shown

is

the

one-day

yield

as

of

the

end

of

the

reporting

period.

(l) The

rate

shown

is

the

annualized

seven-day

subsidized

yield

as

of

end

of

the

reporting

period.

Floating

Rate

Income

Level

Level

Level

Total

Long-Term

Investments:

Common

Stocks

$

393,845

$

8,564,135

$

211,634

$

9,169,614

Corporate

Bonds

–

136,815,871

–

136,815,871

Exchange-Traded

Funds

47,015,074

–

–

47,015,074

Variable

Rate

Senior

Loan

Interests

–

1,320,973,991

26,593

1,321,000,584

Warrants

–

234,584

11,469

246,053

Investments

Purchased

with

Collateral

from

Securities

Lending

28,836,660

–

–

28,836,660

Short-Term

Investments:

Investment

Companies

71,876,155

–

–

71,876,155

Total

$

148,121,734

$

1,466,588,581

$

249,696

$

1,614,960,011

Portfolio

of

Investments

May

31,

2025

High

Yield

Income

(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM

INVESTMENTS

-

96.5%

15246788

$1,000

PAR

(OR

SIMILAR)

INSTITUTIONAL

PREFERRED

-

.4

%

15246788

CAPITAL

GOODS

-

0.3%

$

2,000,000

(a) TransDigm

Inc

.375

%

05/31/33

$

1,976,002

TOTAL

CAPITAL

GOODS

1,976,002

ENERGY

-

0.8%

3,500,000

(a) South

Bow

Canadian

Infrastructure

Holdings

Ltd

.625

03/01/55

3,532,763

1,400,000

(a),(b)

Venture

Global

LNG

Inc

.000

N/A

1,320,439

TOTAL

ENERGY

4,853,202

TELECOMMUNICATION

SERVICES

-

0.5%

3,500,000

Rogers

Communications

Inc

.000

04/15/55

3,527,396

TOTAL

TELECOMMUNICATION

SERVICES

3,527,396

UTILITIES

-

0.8%

5,000,000

(a) AltaGas

Ltd

.200

10/15/54

4,890,188

TOTAL

UTILITIES

4,890,188

TOTAL

$1,000

PAR

(OR

SIMILAR)

INSTITUTIONAL

PREFERRED

(Cost

$15,428,223)

15,246,788

SHARES

DESCRIPTION

VALUE

1884

COMMON

STOCKS

-

.0

%

1884

CONSUMER

SERVICES

-

0.0%

86,730

(c) 24

Hour

Fitness

Worldwide

Inc

607

182,331

(c) 24

Hour

Fitness

Worldwide

Inc

1,277

TOTAL

CONSUMER

SERVICES

1,884

TOTAL

COMMON

STOCKS

(Cost

$1,549,168)

1,884

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

486137049

CORPORATE

BONDS

-

.5

%

486137049

AUTOMOBILES

&

COMPONENTS

-

3.0%

4,500,000

(a) Dealer

Tire

LLC

/

DT

Issuer

LLC

.000

02/01/28

4,397,676

1,830,000

(a),(d)

Dornoch

Debt

Merger

Sub

Inc

.625

10/15/29

1,406,494

2,000,000

(d) Goodyear

Tire

&

Rubber

Co/The

.625

04/30/33

1,860,194

2,400,000

(a) IHO

Verwaltungs

GmbH,

(cash

6.375%,

PIK

7.125%)

.375

05/15/29

2,363,841

4,000,000

(a) IHO

Verwaltungs

GmbH

.000

11/15/32

4,005,296

4,350,000

(a) Phinia

Inc

.625

10/15/32

4,323,933

TOTAL

AUTOMOBILES

&

COMPONENTS

18,357,434

CAPITAL

GOODS

-

4.5%

1,100,000

(a) Albion

Financing

SARL

/

Aggreko

Holdings

Inc

.000

05/21/30

1,115,586

1,300,000

(a),(d)

Alta

Equipment

Group

Inc

.000

06/01/29

1,135,717

2,370,000

(a) Axon

Enterprise

Inc

.125

03/15/30

2,417,163

1,600,000

(a) Cornerstone

Building

Brands

Inc

.500

08/15/29

1,421,654

1,500,000

(a) Dcli

Bidco

LLC

.750

11/15/29

1,511,511

2,500,000

(a) Efesto

Bidco

S.p.A

Efesto

US

LLC

.500

02/15/32

2,516,300

2,655,000

(a) Goat

Holdco

LLC

.750

02/01/32

2,644,765

1,275,000

(a),(e)

Herc

Holdings

Escrow

Inc

.000

06/15/30

1,313,538

2,000,000

(a) Husky

Injection

Molding

Systems

Ltd

/

Titan

Co-Borrower

LLC

.000

02/15/29

2,044,018

2,000,000

(a) JELD-WEN

Inc

.875

12/15/27

1,746,228

480,000

(a),(e)

New

Flyer

Holdings

Inc

.250

07/01/30

492,600

2,440,000

(a) Quikrete

Holdings

Inc

.375

03/01/32

2,479,423

3,100,000

(a) TransDigm

Inc

.875

12/15/30

3,197,086

1,600,000

(a) WESCO

Distribution

Inc

.375

03/15/33

1,629,701

2,000,000

(a) Windsor

Holdings

III

LLC

.500

06/15/30

2,116,234

TOTAL

CAPITAL

GOODS

27,781,524

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

1.8%

565,000

(a),(e)

CACI

International

Inc

.375

06/15/33

575,983

1,500,000

(a) Garda

World

Security

Corp

.750

02/15/28

1,550,433

2,000,000

(a) Neptune

Bidco

US

Inc

.290

04/15/29

1,895,010

Portfolio

of

Investments

May

31,

2025

(continued)

High

Yield

Income

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

COMMERCIAL

&

PROFESSIONAL

SERVICES

(continued)

$

3,750,000

(a) RR

Donnelley

&

Sons

Co

.500

%

08/01/29

$

3,759,423

1,000,000

(a) Sabre

GLBL

Inc

.625

06/01/27

1,028,275

2,250,000

(a) Sotheby's

.375

10/15/27

2,215,592

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

11,024,716

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

-

2.9%

1,883,345

(a) Carvana

Co,

(cash

9.000%,

PIK

12.000%)

.000

12/01/28

1,935,101

2,261,250

(a) Carvana

Co,

(cash

11.000%,

PIK

13.000%)

.000

06/01/30

2,384,563

3,000,000

(a) Cougar

JV

Subsidiary

LLC

.000

05/15/32

3,151,131

2,000,000

(a),(d)

Kohl's

Corp

.000

06/01/30

2,053,523

1,485,000

(a) LCM

Investments

Holdings

II

LLC

.250

08/01/31

1,574,470

1,500,000

(a) Michaels

Cos

Inc/The

.250

05/01/28

1,022,539

3,240,000

(a) Michaels

Cos

Inc/The

.875

05/01/29

1,563,300

2,000,000

(a) Queen

MergerCo

Inc

.750

04/30/32

2,050,700

2,315,000

(a) Veritiv

Operating

Co

.500

11/30/30

2,462,246

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

18,197,573

CONSUMER

DURABLES

&

APPAREL

-

2.4%

2,250,000

(a) CD&R

Smokey

Buyer

Inc

.500

10/15/29

1,867,500

2,770,000

(a) Champ

Acquisition

Corp

.375

12/01/31

2,908,450

1,800,000

(a),(d)

Hanesbrands

Inc

.000

02/15/31

1,901,752

506,000

Newell

Brands

Inc

.700

04/01/26

509,573

3,000,000

(a) Newell

Brands

Inc

.500

06/01/28

3,103,647

4,880,000

(a) S&S

Holdings

LLC

.375

10/01/31

4,657,173

TOTAL

CONSUMER

DURABLES

&

APPAREL

14,948,095

CONSUMER

SERVICES

-

3.8%

2,400,000

(a) Carnival

Corp

.875

06/15/31

2,401,440

1,830,000

(a),(e)

Flutter

Treasury

DAC

.875

06/04/31

1,839,150

2,900,000

(a) Hilton

Domestic

Operating

Co

Inc

.000

05/01/31

2,681,442

2,690,000

(a) Life

Time

Inc

.000

11/15/31

2,696,009

1,500,000

MGM

Resorts

International

.125

09/15/29

1,507,131

2,500,000

(a) NCL

Corp

Ltd

.750

02/01/32

2,500,465

3,750,000

(a) Royal

Caribbean

Cruises

Ltd

.000

02/01/33

3,763,461

2,680,000

(a) Wynn

Las

Vegas

LLC

/

Wynn

Las

Vegas

Capital

Corp

.250

05/15/27

2,667,893

3,525,000

(a) Wynn

Resorts

Finance

LLC

/

Wynn

Resorts

Capital

Corp

.250

03/15/33

3,486,375

TOTAL

CONSUMER

SERVICES

23,543,366

ENERGY

-

8.1%

1,500,000

(a) Baytex

Energy

Corp

.375

03/15/32

1,361,637

2,800,000

(a) Blue

Racer

Midstream

LLC

/

Blue

Racer

Finance

Corp

.000

07/15/29

2,892,896

7,450,000

(a) Buckeye

Partners

LP

.875

07/01/29

7,659,978

1,500,000

(a) Chord

Energy

Corp

.750

03/15/33

1,489,621

3,335,000

(a) CNX

Resources

Corp

.250

03/01/32

3,398,625

2,500,000

(a) CQP

Holdco

LP

/

BIP-V

Chinook

Holdco

LLC

.500

06/15/31

2,402,386

1,000,000

(a) Delek

Logistics

Partners

LP

/

Delek

Logistics

Finance

Corp

.625

03/15/29

1,035,668

4,560,000

(a) Global

Partners

LP

/

GLP

Finance

Corp

.250

01/15/32

4,740,266

1,890,000

(a) Harvest

Midstream

I

LP

.500

05/15/32

1,941,835

1,670,000

(a) Hilcorp

Energy

I

LP

/

Hilcorp

Finance

Co

.375

11/01/33

1,661,816

2,300,000

(a) Kinetik

Holdings

LP

.625

12/15/28

2,345,661

1,600,000

(a) Matador

Resources

Co

.250

04/15/33

1,541,179

225,000

(a),(d)

New

Fortress

Energy

Inc

.500

09/30/26

134,712

910,000

(a) NFE

Financing

LLC

.000

11/15/29

390,416

2,580,000

(a) Noble

Finance

II

LLC

.000

04/15/30

2,570,828

1,500,000

(a) Northern

Oil

&

Gas

Inc

.125

03/01/28

1,506,109

2,350,000

PBF

Holding

Co

LLC

/

PBF

Finance

Corp

.000

02/15/28

2,181,953

1,600,000

(a) Rockies

Express

Pipeline

LLC

.750

03/15/33

1,647,915

1,500,000

(a) Transocean

Inc

.250

05/15/29

1,352,688

1,500,000

(a) Transocean

Inc

.000

02/01/27

1,466,435

3,000,000

(a) Venture

Global

Calcasieu

Pass

LLC

.875

11/01/33

2,562,495

670,000

(a) Venture

Global

LNG

Inc

.000

01/15/30

667,035

3,000,000

(a) Venture

Global

LNG

Inc

.875

02/01/32

3,191,538

TOTAL

ENERGY

50,143,692

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

-

2.7%

$

4,185,000

(a) Iron

Mountain

Inc

.250

%

01/15/33

$

4,224,306

6,000,000

(d) MPT

Operating

Partnership

LP

/

MPT

Finance

Corp

.000

10/15/27

5,243,760

2,145,000

(a) MPT

Operating

Partnership

LP

/

MPT

Finance

Corp

.500

02/15/32

2,198,719

1,860,000

(a) RHP

Hotel

Properties

LP

/

RHP

Finance

Corp

.500

04/01/32

1,885,528

640,000

(a),(e)

RHP

Hotel

Properties

LP

/

RHP

Finance

Corp

.500

06/15/33

650,889

3,000,000

(a) Uniti

Group

LP

/

Uniti

Group

Finance

2019

Inc

/

CSL

Capital

LLC

.500

02/15/29

2,828,517

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

17,031,719

FINANCIAL

SERVICES

-

6.6%

4,800,000

(a) Azorra

Finance

Ltd

.750

04/15/30

4,813,756

2,000,000

Block

Inc

.500

05/15/32

2,043,974

2,000,000

(a) Compass

Group

Diversified

Holdings

LLC

.250

04/15/29

1,730,519

2,000,000

(a) Encore

Capital

Group

Inc

.500

05/15/30

2,120,032

1,330,000

(a) Freedom

Mortgage

Holdings

LLC

.375

04/01/32

1,313,604

3,170,000

(a) HAT

Holdings

I

LLC

/

HAT

Holdings

II

LLC

.375

06/15/26

3,085,986

3,000,000

(a) Hunt

Cos

Inc

.250

04/15/29

2,895,962

2,880,000

Icahn

Enterprises

LP

/

Icahn

Enterprises

Finance

Corp

.000

06/15/30

2,610,592

6,525,000

(a) Jane

Street

Group

/

JSG

Finance

Inc

.125

11/01/32

6,535,799

855,000

(a) Jane

Street

Group

/

JSG

Finance

Inc

.750

05/01/33

876,830

2,770,000

OneMain

Finance

Corp

.500

01/15/27

2,683,831

2,725,000

(a) PennyMac

Financial

Services

Inc

.875

12/15/29

2,870,191

1,600,000

(a) PennyMac

Financial

Services

Inc

.875

05/15/32

1,607,520

4,365,000

(a) Starwood

Property

Trust

Inc

.000

04/15/30

4,352,375

1,400,000

(a) WEX

Inc

.500

03/15/33

1,384,680

TOTAL

FINANCIAL

SERVICES

40,925,651

FOOD,

BEVERAGE

&

TOBACCO

-

2.0%

1,700,000

(a),(d)

Fiesta

Purchaser

Inc

.625

09/15/32

1,778,409

2,500,000

(a) Post

Holdings

Inc

.375

03/01/33

2,481,728

2,000,000

TreeHouse

Foods

Inc

.000

09/01/28

1,821,561

6,460,000

(a) Viking

Baked

Goods

Acquisition

Corp

.625

11/01/31

6,090,489

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

12,172,187

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

6.2%

1,800,000

(a) CHS/Community

Health

Systems

Inc

.875

04/01/28

1,504,386

3,500,000

(a) CHS/Community

Health

Systems

Inc

.875

01/15/32

3,730,541

2,170,000

(a) DaVita

Inc

.625

06/01/30

2,027,737

4,600,000

(a) DaVita

Inc

.875

09/01/32

4,672,873

6,086,543

(a) Global

Medical

Response

Inc,

(cash

9.500%,

PIK

10.000%)

.000

10/31/28

6,086,543

1,600,000

(a) Insulet

Corp

.500

04/01/33

1,645,210

2,500,000

(a) LifePoint

Health

Inc

.000

10/15/30

2,748,352

2,600,000

(a) Molina

Healthcare

Inc

.250

01/15/33

2,595,808

2,000,000

(a) Prime

Healthcare

Services

Inc

.375

09/01/29

2,031,978

2,500,000

(a) Radiology

Partners

Inc,

(cash

4.275%,

PIK

3.500%)

.775

01/31/29

2,512,500

1,250,000

(a) Radiology

Partners

Inc,

(cash

9.781%,

PIK

9.781%)

.781

02/15/30

1,206,832

2,500,000

(a) Star

Parent

Inc

.000

10/01/30

2,583,922

5,200,000

Tenet

Healthcare

Corp

.125

06/15/30

5,250,951

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

38,597,633

INSURANCE

-

2.8%

4,100,000

(a) Alliant

Holdings

Intermediate

LLC

/

Alliant

Holdings

Co-Issuer

.500

10/01/31

4,132,821

7,000,000

(a) APH

Somerset

Investor

LLC

/

APH2

Somerset

Investor

LLC

/

APH3

Somerset

Inves

.875

11/01/29

6,925,871

2,995,000

(a) Ardonagh

Finco

Ltd

.750

02/15/31

3,096,758

3,000,000

(a) Panther

Escrow

Issuer

LLC

.125

06/01/31

3,103,512

TOTAL

INSURANCE

17,258,962

MATERIALS

-

3.4%

1,690,000

(a) Arsenal

AIC

Parent

LLC

.000

10/01/30

1,774,718

2,872,000

Celanese

US

Holdings

LLC

.415

07/15/27

2,944,662

1,500,000

(a) Cleveland-Cliffs

Inc

.875

11/01/29

1,394,654

2,500,000

(a) Clydesdale

Acquisition

Holdings

Inc

.625

04/15/29

2,521,420

1,000,000

(a) Mineral

Resources

Ltd

.000

11/01/27

999,046

500,000

(a) Mineral

Resources

Ltd

.250

10/01/28

510,146

1,935,000

(a) NOVA

Chemicals

Corp

.000

12/01/31

2,023,681

Portfolio

of

Investments

May

31,

2025

(continued)

High

Yield

Income

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MATERIALS

(continued)

$

2,925,000

(a) Novelis

Corp

.250

%

11/15/26

$

2,869,073

2,850,000

(a),(d)

Owens-Brockway

Glass

Container

Inc

.250

05/15/31

2,854,868

2,630,000

(a),(d)

Sealed

Air

Corp

.500

07/15/32

2,693,543

545,000

(a) Trivium

Packaging

Finance

BV

.250

07/15/30

565,461

TOTAL

MATERIALS

21,151,272

MEDIA

&

ENTERTAINMENT

-

9.3%

7,325,000

(a) Advantage

Sales

&

Marketing

Inc

.500

11/15/28

5,594,440

2,135,000

(a),(d)

AMC

Entertainment

Holdings

Inc

.500

02/15/29

1,668,503

2,840,000

(a) CCO

Holdings

LLC

/

CCO

Holdings

Capital

Corp

.125

05/01/27

2,810,701

1,800,000

(a) CCO

Holdings

LLC

/

CCO

Holdings

Capital

Corp

.500

06/01/33

1,600,960

2,750,000

(a) CCO

Holdings

LLC

/

CCO

Holdings

Capital

Corp

.750

02/01/32

2,545,734

4,600,000

Charter

Communications

Operating

LLC

/

Charter

Communications

Operating

Capital

.400

12/01/61

3,098,818

5,500,000

(a) CSC

Holdings

LLC

.500

04/15/27

5,210,257

7,050,000

(a),(d)

CSC

Holdings

LLC

.250

05/15/28

6,977,259

4,000,000

(a) Directv

Financing

LLC

/

Directv

Financing

Co-Obligor

Inc

.875

08/15/27

3,937,235

2,000,000

(a) DISH

DBS

Corp

.250

12/01/26

1,846,172

5,250,000

(a) DISH

Network

Corp

.750

11/15/27

5,416,483

1,500,000

(a),(d)

Gray

Media

Inc

.000

05/15/27

1,489,627

3,720,000

(a) LCPR

Senior

Secured

Financing

DAC

.750

10/15/27

2,695,274

2,210,000

(a) Match

Group

Holdings

II

LLC

.125

08/01/30

2,039,635

2,400,000

(a) McGraw-Hill

Education

Inc

.375

09/01/31

2,469,398

1,500,000

(a),(d)

Scripps

Escrow

II

Inc

.875

01/15/29

1,282,500

2,060,000

(a) Sirius

XM

Radio

LLC

.125

09/01/26

2,012,336

3,275,000

(a) Univision

Communications

Inc

.375

06/30/30

3,061,699

2,050,000

(a) Univision

Communications

Inc

.500

07/31/31

1,968,332

TOTAL

MEDIA

&

ENTERTAINMENT

57,725,363

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

1.0%

1,250,000

(a) 1261229

BC

Ltd

.000

04/15/32

1,237,521

2,000,000

(a) Bausch

Health

Americas

Inc

.500

01/31/27

1,885,000

1,000,000

(a) Bausch

Health

Cos

Inc

.000

09/30/28

959,465

1,500,000

(a) Organon

&

Co

/

Organon

Foreign

Debt

Co-Issuer

BV

.125

04/30/28

1,408,988

1,000,000

(a) Organon

&

Co

/

Organon

Foreign

Debt

Co-Issuer

BV

.125

04/30/31

840,281

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

6,331,255

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

-

1.4%

4,392,400

(a),(d)

Anywhere

Real

Estate

Group

LLC

/

Anywhere

Co-Issuer

Corp

.000

04/15/30

4,012,535

2,140,000

(a) Avis

Budget

Car

Rental

LLC

/

Avis

Budget

Finance

Inc

.750

07/15/27

2,111,415

1,000,000

Kennedy-Wilson

Inc

.750

03/01/29

919,214

1,800,000

(d) Kennedy-Wilson

Inc

.000

03/01/31

1,560,555

TOTAL

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

8,603,719

SOFTWARE

&

SERVICES

-

2.0%

3,000,000

(a) Amentum

Escrow

Corp

.250

08/01/32

3,060,252

2,000,000

(a) CA

Magnum

Holdings

.375

10/31/26

1,975,019

2,250,000

(a) Cloud

Software

Group

Inc

.500

03/31/29

2,247,468

775,000

(a) Cloud

Software

Group

Inc

.250

06/30/32

814,891

1,140,000

(a) Fair

Isaac

Corp

.000

05/15/33

1,137,848

1,250,000

(a) Gen

Digital

Inc

.125

09/30/30

1,290,235

580,000

(a) Gen

Digital

Inc

.250

04/01/33

586,440

1,500,000

(a) Open

Text

Corp

.875

02/15/28

1,436,861

TOTAL

SOFTWARE

&

SERVICES

12,549,014

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

0.7%

1,650,000

(a),(d)

CommScope

LLC

.500

12/15/31

1,715,040

1,350,000

(a) Imola

Merger

Corp

.750

05/15/29

1,293,556

1,500,000

(a),(d)

Viasat

Inc

.500

07/15/28

1,376,753

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

4,385,349

TELECOMMUNICATION

SERVICES

-

5.6%

2,074,250

EchoStar

Corp,

(cash

6.750%,

PIK

6.750%)

.750

11/30/30

1,783,855

1,150,000

EchoStar

Corp

.750

11/30/29

1,155,635

750,000

(d) Hughes

Satellite

Systems

Corp

.250

08/01/26

676,095

3,000,000

(a) Level

Financing

Inc

.625

01/15/29

2,490,000

5,000,000

(a) Level

Financing

Inc

.750

07/15/29

4,103,350

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TELECOMMUNICATION

SERVICES

(continued)

$

3,000,000

(a) Lumen

Technologies

Inc

.500

%

01/15/29

$

2,655,000

3,000,000

(a) Sable

International

Finance

Ltd

.125

10/15/32

2,944,073

3,000,000

(a) Virgin

Media

Secured

Finance

PLC

.500

08/15/30

2,770,081

2,720,000

(a) Windstream

Escrow

LLC

/

Windstream

Escrow

Finance

Corp

.250

10/01/31

2,830,829

9,250,000

(a) Zayo

Group

Holdings

Inc

.000

03/01/27

8,701,596

5,120,000

(a) Zayo

Group

Holdings

Inc

.125

03/01/28

4,415,104

TOTAL

TELECOMMUNICATION

SERVICES

34,525,618

TRANSPORTATION

-

3.1%

3,200,000

(a) Air

Transport

Services

Group

Inc

.250

03/15/32

3,314,240

12,370,000

(a) Brightline

East

LLC

.000

01/31/30

8,906,400

3,200,000

(a) Grupo

Aeromexico

SAB

de

CV

.625

11/15/31

2,924,230

3,845,000

(a),(d)

VistaJet

Malta

Finance

PLC

/

Vista

Management

Holding

Inc

.500

06/01/28

3,787,715

TOTAL

TRANSPORTATION

18,932,585

UTILITIES

-

5.2%

2,775,000

(a) California

Buyer

Ltd

/

Atlantica

Sustainable

Infrastructure

PLC

.375

02/15/32

2,743,851

4,000,000

(a) ContourGlobal

Power

Holdings

SA

.750

02/28/30

4,052,160

3,250,000

(a) Ferrellgas

LP

/

Ferrellgas

Finance

Corp

.875

04/01/29

2,942,542

2,000,000

(a) LONG

RIDGE

ENERGY

LLC

.750

02/15/32

2,015,582

2,190,000

(a) NRG

Energy

Inc

.000

02/01/33

2,170,173

1,750,000

(a) NRG

Energy

Inc

.250

11/01/34

1,750,593

2,000,000

(a) Pattern

Energy

Operations

LP

/

Pattern

Energy

Operations

Inc

.500

08/15/28

1,919,118

3,000,000

(a) Talen

Energy

Supply

LLC

.625

06/01/30

3,203,856

2,000,000

(a) TerraForm

Power

Operating

LLC

.750

01/15/30

1,885,231

2,660,000

(a) Vistra

Operations

Co

LLC

.625

02/15/27

2,658,238

2,300,000

(a) Vistra

Operations

Co

LLC

.750

10/15/31

2,438,777

2,500,000

(a) XPLR

Infrastructure

Operating

Partners

LP

.500

09/15/27

2,418,379

1,670,000

(a),(d)

XPLR

Infrastructure

Operating

Partners

LP

.625

03/15/33

1,751,822

TOTAL

UTILITIES

31,950,322

TOTAL

CORPORATE

BONDS

(Cost

$486,754,659)

486,137,049

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

96581311

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

-

.6

%

96581311

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

-

0.2%

1,250,000

(f) Restoration

Hardware,

Inc.,

Term

Loan

B,

(TSFR1M

+

2.500%)

.941

10/20/28

1,193,906

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

1,193,906

CONSUMER

SERVICES

-

1.0%

2,475,000

(f) Caesars

Entertainment

Inc.,

Term

Loan

B1,

(TSFR1M

+

2.250%)

.577

02/06/31

2,471,127

3,500,000

(e),(f)

Crown

Finance

US,

Inc.,

Term

Loan

B,

(TBD)

TBD

TBD

3,509,065

TOTAL

CONSUMER

SERVICES

5,980,192

FOOD,

BEVERAGE

&

TOBACCO

-

0.3%

2,134,427

(f) Arterra

Wines

Canada,

Inc.,

Term

Loan,

(TSFR3M

+

3.500%)

.061

11/26/27

2,130,766

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

2,130,766

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

4.3%

1,786,260

(f) Athenahealth

Group,

Inc.,

Term

Loan

B,

(TSFR1M

+

3.000%)

.327

02/15/29

1,781,794

2,294,010

(f) Gainwell

Acquisition

Corp.,

Term

Loan

B,

(TSFR3M

+

4.000%)

.399

10/01/27

2,203,397

5,041,612

(f) Heartland

Dental,

LLC,

Term

Loan,

(TSFR1M

+

4.500%)

.927

04/28/28

5,047,032

2,134,650

(f) MedAssets

Software

Intermediate

Holdings,

Inc.,

First

Out

Term

Loan,

(TSFR1M

+

4.000%)

.323

12/18/28

2,088,221

2,698,501

(f) Medline

Borrower,

LP,

Add-on

Term

Loan

B,

(TSFR1M

+

2.250%)

.577

10/23/28

2,698,919

2,000,000

(f) Pathway

Vet

Alliance

LLC,

Tranche

A

Term

Loan

A,

(TSFR3M

+

5.000%)

.280

06/30/28

1,998,750

2,220,094

(f) Phoenix

Guarantor

Inc,

Term

Loan

B,

(TSFR1M

+

2.500%)

.827

02/21/31

2,224,889

8,446,887

(f) Team

Health

Holdings,

Inc.,

Term

Loan

B,

(TSFR3M

+

5.250%)

.530

03/02/27

8,419,435

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

26,462,437

INSURANCE

-

1.5%

2,210,497

(f) Acrisure,

LLC,

First

Lien

Term

Loan

B6,

(TSFR1M

+

3.000%)

.327

11/06/30

2,202,672

2,616,991

(f) Broadstreet

Partners,

Inc.,

Term

Loan

B4,

(TSFR1M

+

3.000%)

.327

06/16/31

2,622,722

2,475,078

(f) HUB

International

Limited,

Term

Loan

B,

(TSFR3M

+

2.500%)

.769

06/20/30

2,477,800

Portfolio

of

Investments

May

31,

2025

(continued)

High

Yield

Income

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INSURANCE

(continued)

$

1,773,135

(f) USI,

Inc.,

Term

Loan

C,

(TSFR3M

+

2.250%)

.549

%

09/27/30

$

1,767,488

TOTAL

INSURANCE

9,070,682

MATERIALS

-

0.3%

2,184,297

(f) Plaze,

Inc.,

Incremental

Term

Loan,

(TSFR1M

+

3.750%)

.191

08/03/26

2,117,414

TOTAL

MATERIALS

2,117,414

MEDIA

&

ENTERTAINMENT

-

1.7%

2,985,019

(f) AMC

Entertainment

Holdings,

Inc.

,

Term

Loan,

(TSFR1M

+

7.000%)

.323

01/04/29

2,999,003

2,487,277

(f) CSC

Holdings,

LLC,

Term

Loan

B6,

(TSFR1M

+

4.500%)

.829

01/18/28

2,460,850

4,977,494

(f) WideOpenWest

Finance

LLC,

Super

Priority

First

Out

New

Money

Term

Loan,

(TSFR3M

+

7.000%)

.503

12/20/28

5,105,067

TOTAL

MEDIA

&

ENTERTAINMENT

10,564,920

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

-

0.3%

1,770,000

(f) Forest

City

Enterprises,

L.P.,

Term

Loan

B,

(TSFR1M

+

3.500%)

.941

12/08/25

1,722,874

TOTAL

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

1,722,874

SOFTWARE

&

SERVICES

-

2.5%

3,375,040

(f) Cotiviti

Corporation,

Term

Loan,

(TSFR1M

+

2.750%)

.074

05/01/31

3,364,510

3,238,000

(f) Ellucian

Holdings,

Inc.,

First

Lien

Term

Loan

B,

(TSFR1M

+

3.000%)

.327

10/08/29

3,246,662

4,029,775

(f) McAfee,

LLC,

First

Lien

Term

Loan

B,

(TSFR1M

+

3.000%)

.329

03/01/29

3,889,741

4,882,000

X

Corp

.500

10/29/29

4,865,596

TOTAL

SOFTWARE

&

SERVICES

15,366,509

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

0.5%

3,000,000

(f) CommScope,

Inc.,

Term

Loan,

(TSFR1M

+

5.250%)

.577

12/17/29

3,035,415

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

3,035,415

TELECOMMUNICATION

SERVICES

-

2.4%

1,984,771

(f) Altice

France

S.A.,

Term

Loan

B12,

(Prime

+

2.688%)

.188

02/02/26

1,765,702

2,468,434

(f) Altice

France

S.A.,

Term

Loan

B13,

(Prime

+

3.000%)

.500

08/14/26

2,211,952

8,768,627

(f) Lumen

Technologies,

Inc.,

Extended

Term

Loan

B2,

(TSFR1M

+

2.350%)

.791

04/15/30

8,694,356

987,374

(f) Numericable

Group

SA,

Term

Loan

B11,

(Prime

+

1.750%)

.250

07/31/25

871,797

1,750,000

(f) Ziggo

Financing

Partnership,

Term

Loan

I,

(TSFR1M

+

2.500%)

.943

04/28/28

1,706,618

TOTAL

TELECOMMUNICATION

SERVICES

15,250,425

UTILITIES

-

0.6%

3,675,150

(f) Talen

Energy

Supply,

LLC,

Incremental

Term

Loan

B,

(TSFR3M

+

2.500%)

.808

12/15/31

3,685,771

TOTAL

UTILITIES

3,685,771

TOTAL

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

(Cost

$96,150,756)

96,581,311

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$599,882,806)

597,967,032

SHARES

DESCRIPTION

RATE

VALUE

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

-

6.6%

40,776,633

(g) State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

.340

(h) 40,776,633

TOTAL

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

(Cost

$40,776,633)

40,776,633

TOTAL

INVESTMENTS

-

.1

%

(Cost

$

640,659,439)

638,743,665

OTHER

ASSETS

&

LIABILITIES,

NET

- (3.1)%

(19,191,970)

NET

ASSETS

-

100%

$

619,551,695

PIK

Payment-in-kind

("PIK")

security. Depending

on

the

terms

of

the

security,

income

may

be

received

in

the

form

of

cash,

securities,

or

a

combination

of

both. The

PIK

rate

shown,

where

applicable,

represents

the

annualized

rate

of

the

last

PIK

payment

made

by

the

issuer

as

of

the

end

of

the

reporting

period.

TBD

Senior

loan

purchased

on

a

when-issued

or

delayed-delivery

basis.

Certain

details

associated

with

this

purchase

are

not

known

prior

to

the

settlement

date

of

the

transaction.

In

addition,

senior

loans

typically

trade

without

accrued

interest

and

therefore

a

coupon

rate

is

not

available

prior

to

settlement.

At

settlement,

if

still

unknown,

the

borrower

or

counterparty

will

provide

the

Fund

with

the

final

coupon

rate

and

maturity

date.

TSFR1M

CME

Term

Secured

Overnight

Financing

Rate

Month

Part

F

of

Form

N-PORT

was

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

("U.S.

GAAP")

and

in

conformity

with

the

applicable

rules

and

regulations

of

the

U.S.

Securities

and

Exchange

Commission

("SEC")

related

to

interim

filings.

Part

F

of

Form

N-PORT

does

not

include

all

information

and

footnotes

required

by

U.S.

GAAP

for

complete

financial

statements.

Certain

footnote

disclosures

normally

included

in

financial

statements

prepared

in

accordance

with

U.S.

GAAP

have

been

condensed

or

omitted

from

this

report

pursuant

to

the

rules

of

the

SEC.

For

a

full

set

of

the

Fund's

notes

to

financial

statements,

please

refer

to

the

Fund's

most

recently

filed

annual

or

semi-annual

report.

Fair

Value

Measurements

The

Fund's

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Board

of

Directors/

Trustees.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management's

assumptions

about

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management's

assumptions

in

determining

the

fair

value

of

investments).

The

following

table

summarizes

the

market

value

of

the

Fund's

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

TSFR3M

CME

Term

Secured

Overnight

Financing

Rate

Month

(a) Security

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

As

of

the

end

of

the

reporting

period,

the

aggregate

value

of

these

securities

is

$460,004,087

or

72.0%

of

Total

Investments.

(b) Perpetual

security.

Maturity

date

is

not

applicable.

(c) Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

(d) Investment,

or

a

portion

of

investment,

is

out

on

loan

for

securities

lending.

The

total

value

of

the

securities

out

on

loan

as

of

the

end

of

the

reporting

period

was

$39,208,779.

(e) When-issued

or

delayed

delivery

security.

(f) Floating

or

variable

rate

security

includes

the

reference

rate

and

spread,

unless

the

variable

rate

is

based

on

the

underlying

asset

of

the

security.

Coupon

rate

reflects

the

rate

at

period

end.

(g) Investments

made

with

cash

collateral

received

from

securities

on

loan.

(h) The

rate

shown

is

the

one-day

yield

as

of

the

end

of

the

reporting

period.

High

Yield

Income

Level

Level

Level

Total

Long-Term

Investments:

$1,000

Par

(or

similar)

Institutional

Preferred

$

–

$

15,246,788

$

–

$

15,246,788

Common

Stocks

–

1,884

–

1,884

Corporate

Bonds

–

486,137,049

–

486,137,049

Variable

Rate

Senior

Loan

Interests

–

96,581,311

–

96,581,311

Investments

Purchased

with

Collateral

from

Securities

Lending

40,776,633

–

–

40,776,633

Total

$

40,776,633

$

597,967,032

$

–

$

638,743,665

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Nuveen Investment Trust III

- **b. Investment Company Act file number:** 811-09037

- **c. CIK number of Registrant:** 0001071336

- **d. LEI of Registrant:** 549300KN1Y12IJRVCT53

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

  - **Street Address 1:** 333 W. Wacker Dr

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-917-7700

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

- **a. Name of Series:** Nuveen High Yield Income Fund

- **b. EDGAR series identifier (if any):** S000028810

- **c. LEI of Series:** 549300GSV7D6BYA9NB09

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $669802084.00

**Total Liabilities:** $53629383.00

**Net Assets:** $616172701.00

**Delayed Delivery Securities:** $7810000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -305.74000000 | **5-Year:** -1396.22000000 | **10-Year:** -1083.67000000 | **30-Year:** -4327.50000000

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

- **3-Month:** -105.69000000 | **1-Year:** -27538.14000000 | **5-Year:** -122049.28000000 | **10-Year:** -35277.36000000 | **30-Year:** -9264.87000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000088321 | -1.34%               | -0.41%               | 1.71%                |
| Class ID C000088319 | -1.43%               | -0.44%               | 1.57%                |
| Class ID C000146445 | -1.33%               | -0.39%               | 1.72%                |
| Class ID C000088318 | -1.31%               | -0.43%               | 1.69%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2498318.99             | $-10880494.72                              |
| Month 2  | $-4418385.41             | $-2547787.24                               |
| Month 3  | $-1806736.92             | $8202278.28                                |

**Designated Index Information**

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

- **Index Identifier:** MFI:MLH0A0

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GEN DIGITAL INC                                                                  | Gen Digital Inc                                                                  | CUSIP: 668771AL2<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1290235.00   | 0.21%             | 2030-09-30      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| TRANSOCEAN INC                                                                   | Transocean Inc                                                                   | CUSIP: 893830BL2<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |   1500000 | PA      | $1466435.10   | 0.24%             | 2027-02-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                                           | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAA3<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2521420.00   | 0.41%             | 2029-04-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Radiology Partners Inc                                                           | Radiology Partners Inc                                                           | CUSIP: 75041VAB0<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2512500.00   | 0.41%             | 2029-01-31      | Fixed         | 7.78%                 | Yes           |                  2 | On Loan: No      |
| MGM Resorts International                                                        | MGM Resorts International                                                        | CUSIP: 552953CK5<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1507131.00   | 0.24%             | 2029-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                                               | Kennedy-Wilson Inc                                                               | CUSIP: 489399AM7<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1560555.58   | 0.25%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| PennyMac Financial Services Inc                                                  | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   2725000 | PA      | $2870190.73   | 0.47%             | 2029-12-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Delek Logistics Partners LP / Delek Logistics Finance Corp                       | Delek Logistics Partners LP / Delek Logistics Finance Corp                       | CUSIP: 24665FAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1035668.00   | 0.17%             | 2029-03-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Chord Energy Corp                                                                | Chord Energy Corp                                                                | CUSIP: 674215AN8<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1489620.60   | 0.24%             | 2033-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Herc Holdings Escrow Inc                                                         | Herc Holdings Escrow Inc                                                         | CUSIP: 42703NAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1313537.67   | 0.21%             | 2030-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| HUNT COS INC                                                                     | Hunt Cos Inc                                                                     | CUSIP: 445587AE8<br>LEI: 549300ODPWDNCH5TKM49 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2895962.40   | 0.47%             | 2029-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Rogers Communications Inc                                                        | Rogers Communications Inc                                                        | CUSIP: 775109DG3<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   3500000 | PA      | $3527395.97   | 0.57%             | 2055-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WESCO Distribution Inc                                                           | WESCO Distribution Inc                                                           | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1629700.80   | 0.26%             | 2033-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| DISH DBS CORP                                                                    | DISH DBS Corp                                                                    | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1846172.12   | 0.30%             | 2026-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Global Medical Response Inc                                                      | Global Medical Response Inc                                                      | CUSIP: 37960BAB1<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |   6086543 | PA      | $6086543.00   | 0.99%             | 2028-10-31      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| AltaGas Ltd                                                                      | AltaGas Ltd                                                                      | CUSIP: 021361AD2<br>LEI: 2549008X5V70MOS4HM10 | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $4890188.50   | 0.79%             | 2054-10-15      | Fixed         | 7.20%                 | Yes           |                  2 | On Loan: No      |
| OPEN TEXT CORP                                                                   | Open Text Corp                                                                   | CUSIP: 683715AC0<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |   2500000 | PA      | $2394768.25   | 0.39%             | 2028-02-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| NORTHERN OIL AND GAS INC                                                         | Northern Oil & Gas Inc                                                           | CUSIP: 665531AG4<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1506109.50   | 0.24%             | 2028-03-01      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Buckeye Partners LP                                                              | Buckeye Partners LP                                                              | CUSIP: 118230AV3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |   7450000 | PA      | $7659978.25   | 1.24%             | 2029-07-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd                                                      | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   3750000 | PA      | $3763460.48   | 0.61%             | 2033-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corp                                                                    | Carnival Corp                                                                    | CUSIP: 143658BZ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   2400000 | PA      | $2401440.00   | 0.39%             | 2031-06-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Blue Racer Midstream LLC / Blue Racer Finance Corp                               | Blue Racer Midstream LLC / Blue Racer Finance Corp                               | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2892895.60   | 0.47%             | 2029-07-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Veritiv Operating Co                                                             | Veritiv Operating Co                                                             | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |   2315000 | PA      | $2462245.58   | 0.40%             | 2030-11-30      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| ADVANTAGE SALES & MARKET                                                         | Advantage Sales & Marketing Inc                                                  | CUSIP: 00775PAA5<br>LEI: 549300T4O24KQDED1182 | Long             | DBT              | CORP              | US        |   7325000 | PA      | $5594440.18   | 0.91%             | 2028-11-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| DORNOCH DEBT MERGER SUB                                                          | Dornoch Debt Merger Sub Inc                                                      | CUSIP: 25830JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1830000 | PA      | $1406494.08   | 0.23%             | 2029-10-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: —       |
| Caesars Entertainment Inc                                                        | Caesars Entertainment Inc., Term Loan B1                                         | CUSIP: 12768EAH9<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |   2475000 | PA      | $2471126.63   | 0.40%             | 2031-02-06      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| Cougar JV Subsidiary LLC                                                         | Cougar JV Subsidiary LLC                                                         | CUSIP: 22208WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3151131.00   | 0.51%             | 2032-05-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Queen MergerCo Inc                                                               | Queen MergerCo Inc                                                               | CUSIP: 74825NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2050699.74   | 0.33%             | 2032-04-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                            | Tenet Healthcare Corp                                                            | CUSIP: 88033GDQ0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   5200000 | PA      | $5250951.26   | 0.85%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                                         | Univision Communications Inc                                                     | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   3275000 | PA      | $3061699.25   | 0.50%             | 2030-06-30      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Transocean Inc                                                                   | Transocean Inc                                                                   | CUSIP: 893830BY4<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |   1500000 | PA      | $1352687.70   | 0.22%             | 2029-05-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Newell Brands Inc                                                                | Newell Brands Inc                                                                | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3103646.52   | 0.50%             | 2028-06-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Medline Borrower LP                                                              | Medline Borrower, LP, Add-on Term Loan B                                         | CUSIP: 58503UAF0<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |   2698501 | PA      | $2698918.87   | 0.44%             | 2028-10-23      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| IHO Verwaltungs GmbH                                                             | IHO Verwaltungs GmbH                                                             | CUSIP: 44963BAG3<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |   4000000 | PA      | $4005296.00   | 0.65%             | 2032-11-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| OWENS-BROCKWAY                                                                   | Owens-Brockway Glass Container Inc                                               | CUSIP: 69073TAU7<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |   2850000 | PA      | $2854867.80   | 0.46%             | 2031-05-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| Block Inc                                                                        | Block Inc                                                                        | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2043974.00   | 0.33%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                                                   | NRG Energy Inc                                                                   | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   2190000 | PA      | $2170173.49   | 0.35%             | 2033-02-01      | Fixed         | 6.00%                 | Yes           |                  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        |   1800000 | PA      | $1600960.32   | 0.26%             | 2033-06-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| HUB International Ltd                                                            | HUB International Limited, Term Loan B                                           | CUSIP: BL4978526<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |   2475078 | PA      | $2477800.60   | 0.40%             | 2030-06-20      | Variable      | 6.77%                 | No            |                  2 | On Loan: No      |
| Carvana Co                                                                       | Carvana Co                                                                       | CUSIP: 146869AL6<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   1883345 | PA      | $1935101.20   | 0.31%             | 2028-12-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| NOVA Chemicals Corp                                                              | NOVA Chemicals Corp                                                              | CUSIP: 66977WAV1<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |   1935000 | PA      | $2023681.05   | 0.33%             | 2031-12-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| BlackRock Liquidity Funds T-Fund                                                 | BlackRock Liquidity Funds T-Fund                                                 | CUSIP: 09248U718<br>LEI: 5493002L9DNZ83RX7V61 | Long             | EC               | RF                | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Efesto Bidco S.p.A Efesto US LLC                                                 | Efesto Bidco S.p.A Efesto US LLC                                                 | CUSIP: 28201XAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | IT        |   2500000 | PA      | $2516300.00   | 0.41%             | 2032-02-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Crown Finance US Inc                                                             | Crown Finance US, Inc., Term Loan B                                              | CUSIP: BL4793966<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3500000 | PA      | $3509065.00   | 0.57%             | 2031-12-02      | Variable      | 9.58%                 | No            |                  2 | On Loan: No      |
| Heartland Dental LLC                                                             | Heartland Dental, LLC, Term Loan                                                 | CUSIP: 42236WAW7<br>LEI: 5493008FRC0GRKBN1075 | Long             | LON              | CORP              | US        |   5041612 | PA      | $5047032.05   | 0.82%             | 2028-04-28      | Variable      | 8.93%                 | No            |                  2 | On Loan: No      |
| LifePoint Health Inc                                                             | LifePoint Health Inc                                                             | CUSIP: 53219LAW9<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2748352.50   | 0.45%             | 2030-10-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                                               | Kennedy-Wilson Inc                                                               | CUSIP: 489399AL9<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $919213.80    | 0.15%             | 2029-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| EchoStar Corp                                                                    | EchoStar Corp                                                                    | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1720000.00   | 0.28%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NFE Financing LLC                                                                | NFE Financing LLC                                                                | CUSIP: 62909BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    910000 | PA      | $390416.18    | 0.06%             | 2029-11-15      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                                                           | Athenahealth Group, Inc., Term Loan B                                            | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |   1786260 | PA      | $1781793.90   | 0.29%             | 2029-02-15      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| GRAY TELEVISION INC                                                              | Gray Media Inc                                                                   | CUSIP: 389284AA8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1489627.20   | 0.24%             | 2027-05-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: —       |
| Vistra Operations Co LLC                                                         | Vistra Operations Co LLC                                                         | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2438777.31   | 0.40%             | 2031-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| BroadStreet Partners Inc                                                         | Broadstreet Partners, Inc., Term Loan B4                                         | CUSIP: 11132VAY5<br>LEI: 549300BS9N54G8DD0R75 | Long             | LON              | CORP              | US        |   2616991 | PA      | $2622722.02   | 0.43%             | 2031-06-16      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATIN                                                         | TerraForm Power Operating LLC                                                    | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1885230.80   | 0.31%             | 2030-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| PennyMac Financial Services Inc                                                  | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAG2<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1607520.00   | 0.26%             | 2032-05-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| DISH NETWORK CORP                                                                | DISH Network Corp                                                                | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |  10500000 | PA      | $10832965.50  | 1.76%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| Talen Energy Supply LLC                                                          | Talen Energy Supply, LLC, Incremental Term Loan B                                | CUSIP: BL4858959<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | LON              | CORP              | US        |   3675150 | PA      | $3685771.18   | 0.60%             | 2031-12-15      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                    | TransDigm Inc                                                                    | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   3100000 | PA      | $3197085.80   | 0.52%             | 2030-12-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| IMOLA MERGER CORP                                                                | Imola Merger Corp                                                                | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1293555.56   | 0.21%             | 2029-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| STATE STR NAVIGATOR SECS L TR                                                    | State Street Navigator Securities Lending Government Money Market Portfolio      | CUSIP: 857509301<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  40776633 | NS      | $40776633.07  | 6.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Kohl's Corp                                                                      | Kohl's Corp                                                                      | CUSIP: 500255AY0<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2053522.96   | 0.33%             | 2030-06-01      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: —       |
| VISTAJET MALTA/VM HOLDS                                                          | VistaJet Malta Finance PLC / Vista Management Holding Inc                        | CUSIP: 92841HAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   3845000 | PA      | $3787715.27   | 0.61%             | 2028-06-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: —       |
| CHS/COMMUNITY HEALTH SYS                                                         | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBE9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1504386.00   | 0.24%             | 2028-04-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| NOVELIS CORP                                                                     | Novelis Corp                                                                     | CUSIP: 670001AG1<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   2925000 | PA      | $2869072.68   | 0.47%             | 2026-11-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                                                             | Michaels Cos Inc/The                                                             | CUSIP: 55916AAA2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1022539.35   | 0.17%             | 2028-05-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                                                             | IHO Verwaltungs GmbH                                                             | CUSIP: 44963BAD0<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |   2400000 | PA      | $2363840.88   | 0.38%             | 2029-05-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                                                               | PBF Holding Co LLC / PBF Finance Corp                                            | CUSIP: 69318FAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2350000 | PA      | $2181952.91   | 0.35%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Venture Global LNG Inc                                                           | Venture Global LNG Inc                                                           | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    670000 | PA      | $667035.12    | 0.11%             | 2030-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                                                             | Michaels Cos Inc/The                                                             | CUSIP: 55916AAB0<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |   3240000 | PA      | $1563300.00   | 0.25%             | 2029-05-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Husky Injection Molding Systems Ltd / Titan Co-Borrower LLC                      | Husky Injection Molding Systems Ltd / Titan Co-Borrower LLC                      | CUSIP: 44805RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2044018.00   | 0.33%             | 2029-02-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| USI Inc/NY                                                                       | USI, Inc., Term Loan C                                                           | CUSIP: BL4881803<br>LEI: 2549006D7UF7072T7I27 | Long             | LON              | CORP              | US        |   1773135 | PA      | $1767487.66   | 0.29%             | 2030-09-27      | Variable      | 6.55%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH AMERICAS                                                           | Bausch Health Americas Inc                                                       | CUSIP: 91911XAW4<br>LEI: KOO0397YRO83WY5MGD97 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1885000.00   | 0.31%             | 2027-01-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| HUGHES SATELLITE SYSTEMS                                                         | Hughes Satellite Systems Corp                                                    | CUSIP: 444454AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $676094.55    | 0.11%             | 2026-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| LEVEL 3 FINANCING INC                                                            | Level 3 Financing Inc                                                            | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4103350.00   | 0.67%             | 2029-07-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Acrisure LLC                                                                     | Acrisure, LLC, First Lien Term Loan B6                                           | CUSIP: 00488PAV7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |   2210497 | PA      | $2202671.67   | 0.36%             | 2030-11-06      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                                 | CSC Holdings, LLC, Term Loan B6                                                  | CUSIP: 64072UAM4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |   2487277 | PA      | $2460850.04   | 0.40%             | 2028-01-18      | Variable      | 8.83%                 | No            |                  2 | On Loan: No      |
| McAfee Corp                                                                      | McAfee, LLC, First Lien Term Loan B                                              | CUSIP: BL4883627<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |   4029775 | PA      | $3889740.62   | 0.63%             | 2029-03-01      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORG                                                                 | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622TAA9<br>LEI: 549300SH15FO4Y2G3V63 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1408987.95   | 0.23%             | 2028-04-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                                                         | LCM Investments Holdings II LLC                                                  | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |   1485000 | PA      | $1574469.77   | 0.26%             | 2031-08-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                                          | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5243760.00   | 0.85%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| DEALER TIRE LLC/DT ISSR                                                          | Dealer Tire LLC / DT Issuer LLC                                                  | CUSIP: 24229JAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4397676.48   | 0.71%             | 2028-02-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| LONG RIDGE ENERGY LLC                                                            | LONG RIDGE ENERGY LLC                                                            | CUSIP: 54288CAA1<br>LEI: 984500764EC9AZ2FC764 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2015582.00   | 0.33%             | 2032-02-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                                                          | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2828516.70   | 0.46%             | 2029-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Phinia Inc                                                                       | Phinia Inc                                                                       | CUSIP: 71880KAB7<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |   4350000 | PA      | $4323932.63   | 0.70%             | 2032-10-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Azorra Finance Ltd                                                               | Azorra Finance Ltd                                                               | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |   4800000 | PA      | $4813756.42   | 0.78%             | 2030-04-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Primo Brands Corp                                                                | Triton Water Holdings, Inc, Term Loan B                                          | CUSIP: 89678QAD8<br>LEI: 254900J0WS4AXV2LAX55 | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2028-03-31      | Variable      | 6.55%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                             | OneMain Finance Corp                                                             | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   2770000 | PA      | $2683830.84   | 0.44%             | 2027-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Albion Financing 1 SARL / Aggreko Holdings Inc                                   | Albion Financing 1 SARL / Aggreko Holdings Inc                                   | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   1100000 | PA      | $1115585.98   | 0.18%             | 2030-05-21      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                         | Vistra Operations Co LLC                                                         | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   2660000 | PA      | $2658237.75   | 0.43%             | 2027-02-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                                 | CSC Holdings LLC                                                                 | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5210256.70   | 0.85%             | 2027-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS                                                         | Ferrellgas LP / Ferrellgas Finance Corp                                          | CUSIP: 315289AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3250000 | PA      | $2942541.88   | 0.48%             | 2029-04-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| WideOpenWest Finance LLC                                                         | WideOpenWest Finance LLC, Super Priority First Out New Money Term Loan           | CUSIP: BLA0D07E0<br>LEI: 54930045JY28O5B5WE54 | Long             | LON              | CORP              | US        |   4977494 | PA      | $5105066.90   | 0.83%             | 2028-12-20      | Variable      | 11.50%                | No            |                  2 | On Loan: No      |
| Gen Digital Inc                                                                  | Gen Digital Inc                                                                  | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    580000 | PA      | $586439.74    | 0.10%             | 2033-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Mineral Resources Ltd                                                            | Mineral Resources Ltd                                                            | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    500000 | PA      | $510145.50    | 0.08%             | 2028-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| COMPASS GROUP DIVERSIFIE                                                         | Compass Group Diversified Holdings LLC                                           | CUSIP: 20451RAB8<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1730519.38   | 0.28%             | 2029-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| SIRIUS XM RADIO INC                                                              | Sirius XM Radio LLC                                                              | CUSIP: 82967NBL1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   2060000 | PA      | $2012336.26   | 0.33%             | 2026-09-01      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings Inc                                                                | Post Holdings Inc                                                                | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2481728.25   | 0.40%             | 2033-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Grupo Aeromexico SAB de CV                                                       | Grupo Aeromexico SAB de CV                                                       | CUSIP: 40054JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |   3200000 | PA      | $2924229.76   | 0.47%             | 2031-11-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| South Bow Canadian Infrastructure Holdings Ltd                                   | South Bow Canadian Infrastructure Holdings Ltd                                   | CUSIP: 836720AF9<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |   3500000 | PA      | $3532763.50   | 0.57%             | 2055-03-01      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| CACI International Inc                                                           | CACI International Inc                                                           | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |    565000 | PA      | $575983.60    | 0.09%             | 2033-06-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| RR Donnelley & Sons Co                                                           | RR Donnelley & Sons Co                                                           | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3759423.11   | 0.61%             | 2029-08-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Amentum Escrow Corp                                                              | Amentum Escrow Corp                                                              | CUSIP: 02352BAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3060252.00   | 0.50%             | 2032-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CNX Resources Corp                                                               | CNX Resources Corp                                                               | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |   3335000 | PA      | $3398625.13   | 0.55%             | 2032-03-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ZIGGO FINANCING PARTNERS                                                         | Ziggo Financing Partnership, Term Loan I                                         | CUSIP: BL3284900<br>LEI: 213800TQASLF9JXH5J59 | Long             | LON              | CORP              | US        |   1750000 | PA      | $1706617.50   | 0.28%             | 2028-04-28      | Variable      | 6.94%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT                                                           | HAT Holdings I LLC / HAT Holdings II LLC                                         | CUSIP: 418751AE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3170000 | PA      | $3085985.81   | 0.50%             | 2026-06-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| SOTHEBY'S                                                                        | Sotheby's                                                                        | CUSIP: 835898AH0<br>LEI: 549300P5BAAMQQ7VL735 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2215591.65   | 0.36%             | 2027-10-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                                                           | Arsenal AIC Parent LLC                                                           | CUSIP: 04288BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1690000 | PA      | $1774718.01   | 0.29%             | 2030-10-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Viking Baked Goods Acquisition Corp                                              | Viking Baked Goods Acquisition Corp                                              | CUSIP: 92676AAA5<br>LEI: 254900DBFD2H1FJK0893 | Long             | DBT              | CORP              | US        |   6460000 | PA      | $6090488.65   | 0.99%             | 2031-11-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                                 | CSC Holdings LLC                                                                 | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   7050000 | PA      | $6977258.81   | 1.13%             | 2028-05-15      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: —       |
| Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3525000 | PA      | $3486375.17   | 0.57%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                                                           | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BK6<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1860194.20   | 0.30%             | 2033-04-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: —       |
| TREEHOUSE FOODS INC                                                              | TreeHouse Foods Inc                                                              | CUSIP: 89469AAD6<br>LEI: 5493007M7EVHE470Q576 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1821561.20   | 0.30%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Buyer Ltd / Atlantica Sustainable Infrastructure PLC                  | California Buyer Ltd / Atlantica Sustainable Infrastructure PLC                  | CUSIP: 13005HAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   2775000 | PA      | $2743851.46   | 0.45%             | 2032-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Jane Street Group / JSG Finance Inc                                              | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    855000 | PA      | $876829.86    | 0.14%             | 2033-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                                                          | Talen Energy Supply LLC                                                          | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3203855.70   | 0.52%             | 2030-06-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Baytex Energy Corp                                                               | Baytex Energy Corp                                                               | CUSIP: 07317QAK1<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |   1500000 | PA      | $1361636.55   | 0.22%             | 2032-03-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| NOBLE FINANCE II LLC                                                             | Noble Finance II LLC                                                             | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2580000 | PA      | $2570828.10   | 0.42%             | 2030-04-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                           | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2840000 | PA      | $2810701.14   | 0.46%             | 2027-05-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Sable International Finance Ltd                                                  | Sable International Finance Ltd                                                  | CUSIP: 785712AK6<br>LEI: 2138009IE9A35LO5JS73 | Long             | DBT              | CORP              | KY        |   3000000 | PA      | $2944072.50   | 0.48%             | 2032-10-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| CHS/Community Health Systems Inc                                                 | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3730541.50   | 0.61%             | 2032-01-15      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                                                          | Zayo Group Holdings Inc                                                          | CUSIP: 98919VAB1<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |   5120000 | PA      | $4415104.26   | 0.72%             | 2028-03-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Star Parent Inc                                                                  | Star Parent Inc                                                                  | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2583922.18   | 0.42%             | 2030-10-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Axon Enterprise Inc                                                              | Axon Enterprise Inc                                                              | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |   2370000 | PA      | $2417163.40   | 0.39%             | 2030-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Starwood Property Trust Inc                                                      | Starwood Property Trust Inc                                                      | CUSIP: 85571BBC8<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |   4365000 | PA      | $4352375.11   | 0.71%             | 2030-04-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                                           | Cloud Software Group Inc                                                         | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2247468.53   | 0.36%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ORGANON & CO/ORG                                                                 | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622TAB7<br>LEI: 549300SH15FO4Y2G3V63 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $840280.60    | 0.14%             | 2031-04-30      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN                                                         | CQP Holdco LP / BIP-V Chinook Holdco LLC                                         | CUSIP: 12657NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2402386.25   | 0.39%             | 2031-06-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                                         | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2681441.50   | 0.44%             | 2031-05-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                                                            | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3937234.48   | 0.64%             | 2027-08-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Phoenix Guarantor Inc                                                            | Phoenix Guarantor Inc, Term Loan B                                               | CUSIP: 71913BAK8<br>LEI: 254900JIOIDL3GSUFE55 | Long             | LON              | CORP              | US        |   2220094 | PA      | $2224889.14   | 0.36%             | 2031-02-21      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| ContourGlobal Power Holdings SA                                                  | ContourGlobal Power Holdings SA                                                  | CUSIP: 21220LAB9<br>LEI: 549300O5AGIFK0PQ1516 | Long             | DBT              | CORP              | LU        |   4000000 | PA      | $4052160.00   | 0.66%             | 2030-02-28      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Radiology Partners Inc                                                           | Radiology Partners Inc                                                           | CUSIP: 75041VAC8<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1206831.54   | 0.20%             | 2030-02-15      | Fixed         | 9.78%                 | Yes           |                  2 | On Loan: No      |
| RHP Hotel Properties LP / RHP Finance Corp                                       | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1860000 | PA      | $1885528.50   | 0.31%             | 2032-04-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves | APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6925871.19   | 1.12%             | 2029-11-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Flutter Treasury DAC                                                             | Flutter Treasury DAC                                                             | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |   1830000 | PA      | $1839150.00   | 0.30%             | 2031-06-04      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Group Inc                                                         | Cloud Software Group Inc                                                         | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    775000 | PA      | $814890.80    | 0.13%             | 2032-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| 1261229 BC Ltd                                                                   | 1261229 BC Ltd                                                                   | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1250000 | PA      | $1237521.15   | 0.20%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| CD&R Smokey Buyer Inc                                                            | CD&R Smokey Buyer Inc                                                            | CUSIP: 12515KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2250000 | PA      | $1867500.00   | 0.30%             | 2029-10-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Matador Resources Co                                                             | Matador Resources Co                                                             | CUSIP: 576485AH9<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1541179.36   | 0.25%             | 2033-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| RH                                                                               | Restoration Hardware, Inc., Term Loan B                                          | CUSIP: 76133MAB7<br>LEI: 5493008MTS3OGGMHGK69 | Long             | LON              | CORP              | US        |   1250000 | PA      | $1193906.25   | 0.19%             | 2028-10-20      | Variable      | 6.94%                 | No            |                  2 | On Loan: No      |
| FinThrive Software Intermediate Holdings Inc                                     | MedAssets Software Intermediate Holdings, Inc., First Out Term Loan              | CUSIP: 31810YAC4<br>LEI: 25490077VXHBSKJ52J14 | Long             | LON              | CORP              | US        |   2134650 | PA      | $2088221.36   | 0.34%             | 2028-12-18      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Prime Healthcare Services Inc                                                    | Prime Healthcare Services Inc                                                    | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2031978.00   | 0.33%             | 2029-09-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| Cornerstone Building Brands Inc                                                  | Cornerstone Building Brands Inc                                                  | CUSIP: 21925DAB5<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1421653.92   | 0.23%             | 2029-08-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Venture Global LNG Inc                                                           | Venture Global LNG Inc                                                           | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3191538.00   | 0.52%             | 2032-02-01      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                                                          | Zayo Group Holdings Inc                                                          | CUSIP: 98919VAA3<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |   9250000 | PA      | $8701596.18   | 1.41%             | 2027-03-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Air Transport Services Group Inc                                                 | Air Transport Services Group Inc                                                 | CUSIP: 861932AA9<br>LEI: 5493000F3MSFGIXTQE27 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3314240.00   | 0.54%             | 2032-03-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                         | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175CC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4600000 | PA      | $3098818.06   | 0.50%             | 2061-12-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| PATTERN ENERGY OP LP/PAT                                                         | Pattern Energy Operations LP / Pattern Energy Operations Inc                     | CUSIP: 70339PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1919118.40   | 0.31%             | 2028-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| WYNN LAS VEGAS LLC/CORP                                                          | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp                                 | CUSIP: 983130AX3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2680000 | PA      | $2667892.83   | 0.43%             | 2027-05-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Global Partners LP / GLP Finance Corp                                            | Global Partners LP / GLP Finance Corp                                            | CUSIP: 37954FAK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4560000 | PA      | $4740265.92   | 0.77%             | 2032-01-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Venture Global LNG Inc                                                           | Venture Global LNG Inc                                                           | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1320438.78   | 0.21%             | N/A             | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Champ Acquisition Corp                                                           | Champ Acquisition Corp                                                           | CUSIP: 15807XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2770000 | PA      | $2908450.14   | 0.47%             | 2031-12-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| AMC Entertainment Holdings Inc                                                   | AMC Entertainment Holdings, Inc. , Term Loan                                     | CUSIP: 00164CAD7<br>LEI: 549300ZO77UNR6NRBR11 | Long             | LON              | CORP              | US        |   2985019 | PA      | $2999003.56   | 0.49%             | 2029-01-04      | Variable      | 11.32%                | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                           | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2545733.58   | 0.41%             | 2032-02-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Dcli Bidco LLC                                                                   | Dcli Bidco LLC                                                                   | CUSIP: 233104AA6<br>LEI: 2549007UUVJTHHNK9T70 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1511511.00   | 0.25%             | 2029-11-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                                                           | Lumen Technologies Inc                                                           | CUSIP: 156700BD7<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2655000.00   | 0.43%             | 2029-01-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Rockies Express Pipeline LLC                                                     | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1647915.20   | 0.27%             | 2033-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| VIASAT INC                                                                       | Viasat Inc                                                                       | CUSIP: 92552VAN0<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1376753.25   | 0.22%             | 2028-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: —       |
| SCRIPPS ESCROW II INC                                                            | Scripps Escrow II Inc                                                            | CUSIP: 81105DAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1282500.00   | 0.21%             | 2029-01-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: —       |
| Brightline East LLC                                                              | Brightline East LLC                                                              | CUSIP: 093536AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12370000 | PA      | $8906400.00   | 1.45%             | 2030-01-31      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| TEAM HEALTH HOLDINGS INC                                                         | Team Health Holdings, Inc., Term Loan B                                          | CUSIP: 87817JAG3<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | LON              | CORP              | US        |   8446888 | PA      | $8419435.16   | 1.37%             | 2027-03-02      | Variable      | 9.53%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                                           | Match Group Holdings II LLC                                                      | CUSIP: 57665RAL0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |   2210000 | PA      | $2039635.30   | 0.33%             | 2030-08-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Molina Healthcare Inc                                                            | Molina Healthcare Inc                                                            | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2595808.02   | 0.42%             | 2033-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Goat Holdco LLC                                                                  | Goat Holdco LLC                                                                  | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2655000 | PA      | $2644764.98   | 0.43%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Fair Isaac Corp                                                                  | Fair Isaac Corp                                                                  | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   1140000 | PA      | $1137847.82   | 0.18%             | 2033-05-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                                 | Altice France S.A., Term Loan B13                                                | CUSIP: BL2757823<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |   2468434 | PA      | $2211951.68   | 0.36%             | 2026-08-14      | Variable      | 10.50%                | No            |                  2 | On Loan: No      |
| Lumen Technologies Inc                                                           | Lumen Technologies, Inc., Extended Term Loan B2                                  | CUSIP: 55024EAG0<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |   8768627 | PA      | $8694356.41   | 1.41%             | 2030-04-15      | Variable      | 6.79%                 | No            |                  2 | On Loan: No      |
| Jane Street Group / JSG Finance Inc                                              | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6525000 | PA      | $6535798.88   | 1.06%             | 2032-11-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp                         | Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp                         | CUSIP: 75606DAS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4392400 | PA      | $4012535.15   | 0.65%             | 2030-04-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: —       |
| NEW FORTRESS ENERGY INC                                                          | New Fortress Energy Inc                                                          | CUSIP: 644393AB6<br>LEI: 254900EICTYTCHA5X705 | Long             | DBT              | CORP              | US        |    225000 | PA      | $134712.00    | 0.02%             | 2026-09-30      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: —       |
| DaVita Inc                                                                       | DaVita Inc                                                                       | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   4600000 | PA      | $4672872.88   | 0.76%             | 2032-09-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Pathway Vet Alliance LLC                                                         | Pathway Vet Alliance LLC, Tranche A Term Loan A                                  | CUSIP: N/A<br>LEI: 2549001HRKTHAW7MOH74       | Long             | LON              | CORP              | US        |   2000000 | PA      | $1998750.00   | 0.32%             | 2028-06-30      | Variable      | 9.28%                 | No            |                  2 | On Loan: No      |
| HANESBRANDS INC                                                                  | Hanesbrands Inc                                                                  | CUSIP: 410345AQ5<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1901752.20   | 0.31%             | 2031-02-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: —       |
| CA MAGNUM HOLDINGS                                                               | CA Magnum Holdings                                                               | CUSIP: 12674CAA1<br>LEI: 549300ZRDHFR078MFZ78 | Long             | DBT              | CORP              | MU        |   2000000 | PA      | $1975018.80   | 0.32%             | 2026-10-31      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4100000 | PA      | $4132820.50   | 0.67%             | 2031-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| RHP Hotel Properties LP / RHP Finance Corp                                       | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    640000 | PA      | $650889.11    | 0.11%             | 2033-06-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                         | Celanese US Holdings LLC                                                         | CUSIP: 15089QAM6<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   2872000 | PA      | $2944661.97   | 0.48%             | 2027-07-15      | Fixed         | 6.42%                 | No            |                  2 | On Loan: No      |
| LCPR SR SECURED FIN DAC                                                          | LCPR Senior Secured Financing DAC                                                | CUSIP: 50201DAA1<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | IE        |   3720000 | PA      | $2695273.55   | 0.44%             | 2027-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                                             | Neptune Bidco US Inc                                                             | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1895010.00   | 0.31%             | 2029-04-15      | Fixed         | 9.29%                 | Yes           |                  2 | On Loan: No      |
| Alta Equipment Group Inc                                                         | Alta Equipment Group Inc                                                         | CUSIP: 02128LAC0<br>LEI: 549300DGOB28CLGS1X27 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1135717.05   | 0.18%             | 2029-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: —       |
| GAINWELL ACQUISITION COR                                                         | Gainwell Acquisition Corp., Term Loan B                                          | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2294010 | PA      | $2203397.01   | 0.36%             | 2027-10-01      | Variable      | 8.40%                 | No            |                  2 | On Loan: No      |
| S&S Holdings LLC                                                                 | S&S Holdings LLC                                                                 | CUSIP: 78525CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4880000 | PA      | $4657172.37   | 0.76%             | 2031-10-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| 24 Hour Fitness Worldwide Inc                                                    | 24 Hour Fitness Worldwide Inc                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     86730 | NS      | $607.11       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                                | Newell Brands Inc                                                                | CUSIP: 651229AW6<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    506000 | PA      | $509573.37    | 0.08%             | 2026-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                                                         | Virgin Media Secured Finance PLC                                                 | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |   3000000 | PA      | $2770081.50   | 0.45%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| X Corp                                                                           | X Corp                                                                           | CUSIP: BL5004546<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4882000 | PA      | $4865596.48   | 0.79%             | 2029-10-29      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| PG&E Corp                                                                        | PG&E Corp                                                                        | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   1920000 | PA      | $1880092.99   | 0.31%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| WINDSOR HOLDINGS III LLC                                                         | Windsor Holdings III LLC                                                         | CUSIP: 97360AAA5<br>LEI: 254900IXUJZ9H146T437 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2116234.00   | 0.34%             | 2030-06-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| JELD-WEN INC                                                                     | JELD-WEN Inc                                                                     | CUSIP: 475795AD2<br>LEI: 549300XWE6NM0N1HFW16 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1746228.00   | 0.28%             | 2027-12-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| DAVITA INC                                                                       | DaVita Inc                                                                       | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   2170000 | PA      | $2027736.75   | 0.33%             | 2030-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Cotiviti Inc                                                                     | Cotiviti Corporation, Term Loan                                                  | CUSIP: 22164MAB3<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |   3375040 | PA      | $3364509.88   | 0.55%             | 2031-05-01      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Kinetik Holdings LP                                                              | Kinetik Holdings LP                                                              | CUSIP: 49461MAB6<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2345661.14   | 0.38%             | 2028-12-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Sealed Air Corp                                                                  | Sealed Air Corp                                                                  | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |   2630000 | PA      | $2693543.43   | 0.44%             | 2032-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: —       |
| Fiesta Purchaser Inc                                                             | Fiesta Purchaser Inc                                                             | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1778409.10   | 0.29%             | 2032-09-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: —       |
| Ardonagh Finco Ltd                                                               | Ardonagh Finco Ltd                                                               | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |   2995000 | PA      | $3096758.12   | 0.50%             | 2031-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                                         | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAC7<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2562494.70   | 0.42%             | 2033-11-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Harvest Midstream I LP                                                           | Harvest Midstream I LP                                                           | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |   1890000 | PA      | $1941835.14   | 0.32%             | 2032-05-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Sabre GLBL Inc                                                                   | Sabre GLBL Inc                                                                   | CUSIP: 78573NAJ1<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1028275.06   | 0.17%             | 2027-06-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                                            | Mineral Resources Ltd                                                            | CUSIP: 603051AC7<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   1000000 | PA      | $999046.40    | 0.16%             | 2027-11-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc                                                             | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1394653.95   | 0.23%             | 2029-11-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                                 | Altice France S.A., Term Loan B12                                                | CUSIP: BL2543546<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |   1984772 | PA      | $1765702.39   | 0.29%             | 2026-02-02      | Variable      | 10.19%                | No            |                  2 | On Loan: No      |
| Ellucian Holdings Inc                                                            | Ellucian Holdings, Inc., First Lien Term Loan B                                  | CUSIP: 28917XAB6<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |   3238000 | PA      | $3246661.65   | 0.53%             | 2029-10-08      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Encore Capital Group Inc                                                         | Encore Capital Group Inc                                                         | CUSIP: 292554AR3<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2120031.50   | 0.34%             | 2030-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Freedom Mortgage Holdings LLC                                                    | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   1330000 | PA      | $1313604.31   | 0.21%             | 2032-04-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2880000 | PA      | $2610592.42   | 0.42%             | 2030-06-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Trivium Packaging Finance BV                                                     | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    545000 | PA      | $565461.02    | 0.09%             | 2030-07-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP                                        | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   1670000 | PA      | $1751821.65   | 0.28%             | 2033-03-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: —       |
| 24 Hour Fitness Worldwide Inc                                                    | 24 Hour Fitness Worldwide Inc                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    182331 | NS      | $1276.32      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                                                          | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2140000 | PA      | $2111414.74   | 0.34%             | 2027-07-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| MPT Operating Partnership LP / MPT Finance Corp                                  | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2145000 | PA      | $2198719.38   | 0.36%             | 2032-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                            | Level 3 Financing Inc                                                            | CUSIP: 527298BS1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2489999.94   | 0.40%             | 2029-01-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| TransDigm Inc                                                                    | TransDigm Inc                                                                    | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1976001.52   | 0.32%             | 2033-05-31      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CommScope LLC                                                                    | CommScope LLC                                                                    | CUSIP: 20338MAA0<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1715039.70   | 0.28%             | 2031-12-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: —       |
| GARDA WORLD SECURITY                                                             | Garda World Security Corp                                                        | CUSIP: 36485MAM1<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2067243.60   | 0.34%             | 2028-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                            | Quikrete Holdings Inc                                                            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   2440000 | PA      | $2479423.08   | 0.40%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                                 | Numericable Group SA, Term Loan B11                                              | CUSIP: 67053NAK0<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |    987374 | PA      | $871796.72    | 0.14%             | 2025-07-31      | Variable      | 9.25%                 | No            |                  2 | On Loan: No      |
| WEX Inc                                                                          | WEX Inc                                                                          | CUSIP: 96208TAD6<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1384679.69   | 0.22%             | 2033-03-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| NCL Corp Ltd                                                                     | NCL Corp Ltd                                                                     | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   2500000 | PA      | $2500465.35   | 0.41%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| McGraw-Hill Education Inc                                                        | McGraw-Hill Education Inc                                                        | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2469398.40   | 0.40%             | 2031-09-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| CommScope LLC                                                                    | CommScope, Inc., Term Loan                                                       | CUSIP: BL4902708<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | LON              | CORP              | US        |   3000000 | PA      | $3035415.00   | 0.49%             | 2029-12-17      | Variable      | 9.58%                 | No            |                  2 | On Loan: No      |
| Panther Escrow Issuer LLC                                                        | Panther Escrow Issuer LLC                                                        | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3103511.67   | 0.50%             | 2031-06-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Life Time Inc                                                                    | Life Time Inc                                                                    | CUSIP: 53190FAE5<br>LEI: 549300PALKE96VYH4X17 | Long             | DBT              | CORP              | US        |   2690000 | PA      | $2696009.46   | 0.44%             | 2031-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| FOREST CITY ENTERPRISES                                                          | Forest City Enterprises, L.P., Term Loan B                                       | CUSIP: 34555QAF7<br>LEI: 54930078MCT017XXRD21 | Long             | LON              | CORP              | US        |   1770000 | PA      | $1722873.75   | 0.28%             | 2025-12-08      | Variable      | 7.94%                 | No            |                  2 | On Loan: No      |
| Insulet Corp                                                                     | Insulet Corp                                                                     | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1645209.60   | 0.27%             | 2033-04-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| PLAZE INC                                                                        | Plaze, Inc., Incremental Term Loan                                               | CUSIP: 72819QAN2<br>LEI: 54930069WJQSNERFIV02 | Long             | LON              | CORP              | US        |   2184297 | PA      | $2117413.71   | 0.34%             | 2026-08-03      | Variable      | 8.19%                 | No            |                  2 | On Loan: No      |
| Hilcorp Energy I LP / Hilcorp Finance Co                                         | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1670000 | PA      | $1661816.00   | 0.27%             | 2033-11-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                                            | Bausch Health Cos Inc                                                            | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $959465.00    | 0.16%             | 2028-09-30      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| NRG Energy Inc                                                                   | NRG Energy Inc                                                                   | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1750593.01   | 0.28%             | 2034-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Iron Mountain Inc                                                                | Iron Mountain Inc                                                                | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   4185000 | PA      | $4224305.52   | 0.69%             | 2033-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ARTERRA WINES CANADA INC                                                         | Arterra Wines Canada, Inc., Term Loan                                            | CUSIP: BL3482405<br>LEI: 5493000SZ7NOM4G34E58 | Long             | LON              | CORP              | CA        |   2134427 | PA      | $2130766.54   | 0.35%             | 2027-11-26      | Variable      | 8.06%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY OPERATING                                                         | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAB8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2418378.75   | 0.39%             | 2027-09-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Windstream Escrow LLC / Windstream Escrow Finance Corp                           | Windstream Escrow LLC / Windstream Escrow Finance Corp                           | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2720000 | PA      | $2830829.12   | 0.46%             | 2031-10-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| AMC ENTERTAINMENT HLDGS                                                          | AMC Entertainment Holdings Inc                                                   | CUSIP: 00165CBA1<br>LEI: 549300ZO77UNR6NRBR11 | Long             | DBT              | CORP              | US        |   2135000 | PA      | $1668502.50   | 0.27%             | 2029-02-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: —       |
| Univision Communications Inc                                                     | Univision Communications Inc                                                     | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   2050000 | PA      | $1968332.31   | 0.32%             | 2031-07-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Carvana Co                                                                       | Carvana Co                                                                       | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   2261250 | PA      | $2384563.49   | 0.39%             | 2030-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| EchoStar Corp                                                                    | EchoStar Corp                                                                    | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1155635.00   | 0.19%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-31

**Name of Applicant:** Nuveen Investment Trust III

**Signature:** Gina Spunder

**Name of Signer:** Gina Spunder

**Title:** Director, Fund Financial Reporting