# EDGAR Filing Document

**Accession Number:** 0001426439
**File Stem:** 0000940400-25-002536
**Filing Date:** 2025-9
**Character Count:** 183342
**Document Hash:** 110d34f3272e494d8b0cb55e69cd3b7f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-002536.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0000940400-25-002536

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250925

**DATE AS OF CHANGE**: 20250925

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** New York Life Investments Active ETF Trust
- **CENTRAL INDEX KEY:** 0001426439

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22739
- **FILM NUMBER:** 251344551

**BUSINESS ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** (212) 576-5018

**MAIL ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NYLI MacKay Core Plus Bond ETF
- **DATE OF NAME CHANGE:** 20241203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** New York Life Investments Active ETF Trust
- **DATE OF NAME CHANGE:** 20240822

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IndexIQ Active ETF Trust
- **DATE OF NAME CHANGE:** 20080207

## Series and Classes Contracts Data

### NYLI MacKay High Income ETF (Series ID: S000077600)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000238088 | NYLI MacKay High Income ETF | IQHI            |

## Nport-Ex

Schedule of Investments ─ NYLI MacKay High Income ETF

July 31, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Long-Term Bonds — 97.5%** |  |  |
| **Bank Loans — 3.7%** |  |  |
| **Apparel — 0.3%** |  |  |
| Beach Acquisition Bidco, LLC Dollar Term Loan |  |  |
| &nbsp;&nbsp;&nbsp;7.616%, (1 month SOFR + 3.25%), due 6/25/32<sup>(a)</sup> | $60000 | $60350 |
| Champ Acquisition Corporation Term Loan |  |  |
| &nbsp;&nbsp;&nbsp;8.314%, (3 month SOFR + 4.00%), due 11/25/31<sup>(a)</sup> | 138250 | 138856 |
|  |  | 199206 |
| **Auto Parts & Equipment — 0.3%** |  |  |
| Clarios Global LP First Lien Amendment No. 6 Dollar Term Loan |  |  |
| &nbsp;&nbsp;&nbsp;7.106%, (1 month SOFR + 2.75%), due 1/28/32<sup>(a)</sup> | 165000 | 165069 |
| **Chemicals — 0.3%** |  |  |
| Ineos Quattro Holdings UK Limited 2029 Tranche B Dollar Term Loan |  |  |
| &nbsp;&nbsp;&nbsp;8.716%, (1 Month SOFR + 4.25%), due 4/2/29<sup>(a)</sup> | 188568 | 173482 |
| **Computers — 0.4%** |  |  |
| Fortress Intermediate 3, Inc. Tranche B Term Loan |  |  |
| &nbsp;&nbsp;&nbsp;7.351%, (1 month SOFR + 3.00%), due 6/27/31<sup>(a)</sup> | 258050 | 258050 |
| **Cosmetics/Personal Care — 0.2%** |  |  |
| OPAL U.S. LLC Term Loan |  |  |
| &nbsp;&nbsp;&nbsp;7.520%, (6 month SOFR + 3.25%), due 4/28/32<sup>(a)</sup> | 120000 | 120450 |
| **Healthcare-Services — 0.3%** |  |  |
| LifePoint Health, Inc. First Lien 2024-2 Refinancing Term Loan |  |  |
| &nbsp;&nbsp;&nbsp;7.820%, (3 Month SOFR + 3.50%), due 5/19/31<sup>(a)</sup> | 159200 | 158205 |
| **Internet — 0.6%** |  |  |
| Arches Buyer, Inc. Refinancing Term Loan |  |  |
| &nbsp;&nbsp;&nbsp;7.702%, (1 Month CME SOFR + 3.25%), due 12/6/27<sup>(a)</sup> | 333255 | 332607 |
| **Media — 1.0%** |  |  |
| DIRECTV Financing LLC 2024 Refinancing Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;9.830%, (3 Month SOFR + 5.25%), due 8/2/29<sup>(a)</sup> | 296836 | 294239 |
| Virgin Media Bristol LLC Facility Q |  |  |
| &nbsp;&nbsp;&nbsp;7.718%, (1 Month SOFR + 3.25%), due 1/31/29<sup>(a)</sup> | 285000 | 282902 |
|  |  | 577141 |
| **Retail — 0.1%** |  |  |
| Sally Holdings LLC (Sally Capital, Inc.) 2024 Term Loan |  |  |
| &nbsp;&nbsp;&nbsp;6.116%, (1 Month SOFR + 1.75%), due 2/28/30<sup>(a)</sup> | 48832 | 48955 |
| **Transportation — 0.2%** |  |  |
| First Student Bidco, Inc. Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;6.824%, (3 Month SOFR + 2.50%), due 7/21/28<sup>(a)</sup> | 99750 | 99812 |
| First Student Bidco, Inc. Term Loan C |  |  |
| &nbsp;&nbsp;&nbsp;6.824%, (3 Month SOFR + 2.50%), due 7/21/28<sup>(a)</sup> | 30000 | 30019 |
|  |  | 129831 |
| **Total Bank Loans** |  |  |
| &nbsp;&nbsp;**(Cost $2,164,545)** |  | **2162996** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Corporate Bonds — 93.8%** |  |  |
| **Advertising — 0.8%** |  |  |
| Lamar Media Corp. |  |  |
| &nbsp;&nbsp;4.000%, due 2/15/30 | $250000 | $237211 |
| Outfront Media Capital LLC / Outfront Media Capital Corp. |  |  |
| &nbsp;&nbsp;4.250%, due 1/15/29 | 213000 | 202787 |
| &nbsp;&nbsp;7.375%, due 2/15/31 | 32000 | 33599 |
|  |  | 473597 |
| **Aerospace & Defense — 0.6%** |  |  |
| Bombardier, Inc., (Canada) |  |  |
| &nbsp;&nbsp;&nbsp;7.000%, due 6/1/32<sup>(b)</sup> | 25000 | 25862 |
| &nbsp;&nbsp;7.250%, due 7/1/31 | 167000 | 174382 |
| Spirit AeroSystems, Inc. |  |  |
| &nbsp;&nbsp;9.750%, due 11/15/30 | 155000 | 170470 |
|  |  | 370714 |
| **Agriculture — 0.1%** |  |  |
| Turning Point Brands, Inc. |  |  |
| &nbsp;&nbsp;7.625%, due 3/15/32 | 60000 | 62852 |
| **Airlines — 0.3%** |  |  |
| American Airlines, Inc. |  |  |
| &nbsp;&nbsp;8.500%, due 5/15/29 | 120000 | 125415 |
| United Airlines, Inc. |  |  |
| &nbsp;&nbsp;4.625%, due 4/15/29 | 69000 | 67380 |
|  |  | 192795 |
| **Apparel — 0.6%** |  |  |
| S&S Holdings LLC |  |  |
| &nbsp;&nbsp;8.375%, due 10/1/31 | 270000 | 258687 |
| Under Armour, Inc. |  |  |
| &nbsp;&nbsp;7.250%, due 7/15/30 | 85000 | 86723 |
|  |  | 345410 |
| **Auto Manufacturers — 0.4%** |  |  |
| Aston Martin Capital Holdings Ltd., (Jersey) |  |  |
| &nbsp;&nbsp;10.000%, due 3/31/29 | 200000 | 190751 |
| Nissan Motor Co., Ltd., (Japan) |  |  |
| &nbsp;&nbsp;7.750%, due 7/17/32 | 55000 | 56937 |
|  |  | 247688 |
| **Auto Parts & Equipment — 1.8%** |  |  |
| Adient Global Holdings Ltd. |  |  |
| &nbsp;&nbsp;7.500%, due 2/15/33 | 75000 | 76482 |
| Clarios Global LP / Clarios U.S. Finance Co. |  |  |
| &nbsp;&nbsp;8.500%, due 5/15/27 | 81000 | 81493 |
| Dana, Inc. |  |  |
| &nbsp;&nbsp;4.250%, due 9/1/30 | 72000 | 70854 |
| &nbsp;&nbsp;4.500%, due 2/15/32 | 120000 | 117101 |
| Garrett Motion Holdings, Inc. / Garrett LX I Sarl |  |  |
| &nbsp;&nbsp;7.750%, due 5/31/32 | 255000 | 264631 |
| Goodyear Tire & Rubber Co. (The) |  |  |
| &nbsp;&nbsp;5.000%, due 7/15/29 | 115000 | 111563 |
| &nbsp;&nbsp;6.625%, due 7/15/30 | 130000 | 132280 |
| Phinia, Inc. |  |  |
| &nbsp;&nbsp;6.625%, due 10/15/32 | 65000 | 66215 |
| &nbsp;&nbsp;6.750%, due 4/15/29 | 100000 | 102909 |
|  |  | 1023528 |

---

Schedule of Investments ─ NYLI MacKay High Income ETF (continued)

July 31, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Corporate Bonds (continued)** |  |  |
| **Banks — 1.1%** |  |  |
| Banco Mercantil del Norte SA, (Mexico) |  |  |
| &nbsp;&nbsp;&nbsp;8.750%, (10 Year US CMT T-Note + 4.30%), due 2/20/74<sup>(a)</sup> | $130000 | $133073 |
| Freedom Mortgage Corp. |  |  |
| &nbsp;&nbsp;7.625%, due 5/1/26 | 87000 | 87377 |
| &nbsp;&nbsp;12.000%, due 10/1/28 | 313000 | 334759 |
| UniCredit SpA, (Italy) |  |  |
| &nbsp;&nbsp;&nbsp;7.296%, (USD 5 Year Swap + 4.91%), due 4/2/34<sup>(a)</sup> | 95000 | 100711 |
|  |  | 655920 |
| **Beverages — 0.4%** |  |  |
| Primo Water Holdings, Inc. / Triton Water Holdings, Inc. |  |  |
| &nbsp;&nbsp;4.375%, due 4/30/29 | 254000 | 245009 |
| **Building Materials — 2.5%** |  |  |
| AmeriTex HoldCo Intermediate LLC |  |  |
| &nbsp;&nbsp;7.625%, due 8/15/33 | 115000 | 116951 |
| EMRLD Borrower LP / Emerald Co.-Issuer, Inc. |  |  |
| &nbsp;&nbsp;6.625%, due 12/15/30 | 235000 | 239608 |
| &nbsp;&nbsp;6.750%, due 7/15/31 | 89000 | 91658 |
| JH North America Holdings, Inc. |  |  |
| &nbsp;&nbsp;5.875%, due 1/31/31 | 20000 | 20068 |
| &nbsp;&nbsp;6.125%, due 7/31/32 | 35000 | 35363 |
| Knife River Corp. |  |  |
| &nbsp;&nbsp;7.750%, due 5/1/31 | 140000 | 146897 |
| Masterbrand, Inc. |  |  |
| &nbsp;&nbsp;7.000%, due 7/15/32 | 220000 | 223573 |
| Miter Brands Acquisition Holdco, Inc. / MIWD Borrower LLC |  |  |
| &nbsp;&nbsp;6.750%, due 4/1/32 | 90000 | 91889 |
| MIWD Holdco II LLC / MIWD Finance Corp. |  |  |
| &nbsp;&nbsp;5.500%, due 2/1/30 | 300000 | 285553 |
| Oscar AcquisitionCo LLC / Oscar Finance, Inc. |  |  |
| &nbsp;&nbsp;9.500%, due 4/15/30 | 160000 | 121454 |
| Standard Building Solutions, Inc. |  |  |
| &nbsp;&nbsp;6.250%, due 8/1/33 | 45000 | 45429 |
| Wilsonart LLC |  |  |
| &nbsp;&nbsp;11.000%, due 8/15/32 | 55000 | 50613 |
|  |  | 1469056 |
| **Chemicals — 3.0%** |  |  |
| Celanese U.S. Holdings LLC |  |  |
| &nbsp;&nbsp;6.500%, due 4/15/30 | 115000 | 116294 |
| &nbsp;&nbsp;&nbsp;6.750%, due 4/15/33<sup>(b)</sup> | 135000 | 136159 |
| &nbsp;&nbsp;7.200%, due 11/15/33 | 220000 | 229681 |
| INEOS Finance PLC, (Luxembourg) |  |  |
| &nbsp;&nbsp;6.750%, due 5/15/28 | 202000 | 198934 |
| INEOS Quattro Finance 2 PLC, (United Kingdom) |  |  |
| &nbsp;&nbsp;9.625%, due 3/15/29 | 225000 | 229099 |
| Innophos Holdings, Inc. |  |  |
| &nbsp;&nbsp;11.500%, due 6/15/29 | 252770 | 255874 |
| Mativ Holdings, Inc. |  |  |
| &nbsp;&nbsp;8.000%, due 10/1/29 | 240000 | 216435 |
| SCIH Salt Holdings, Inc. |  |  |
| &nbsp;&nbsp;4.875%, due 5/1/28 | 8000 | 7768 |
| &nbsp;&nbsp;6.625%, due 5/1/29 | 377000 | 372694 |
|  |  | 1762938 |
| **Coal — 0.5%** |  |  |
| SunCoke Energy, Inc. |  |  |
| &nbsp;&nbsp;4.875%, due 6/30/29 | 330000 | 301773 |
| **Commercial Services — 6.3%** |  |  |
| ADT Security Corp. (The) |  |  |
| &nbsp;&nbsp;4.125%, due 8/1/29 | 197000 | 188456 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Corporate Bonds (continued)** |  |  |
| **Commercial Services (continued)** |  |  |
| Allied Universal Holdco LLC |  |  |
| &nbsp;&nbsp;7.875%, due 2/15/31 | $420000 | $440428 |
| Allied Universal Holdco LLC / Allied Universal Finance Corp. |  |  |
| &nbsp;&nbsp;6.000%, due 6/1/29 | 136000 | 132364 |
| Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl |  |  |
| &nbsp;&nbsp;4.625%, due 6/1/28 | 316000 | 307433 |
| AMN Healthcare, Inc. |  |  |
| &nbsp;&nbsp;4.000%, due 4/15/29 | 79000 | 72558 |
| Avis Budget Car Rental LLC / Avis Budget Finance, Inc. |  |  |
| &nbsp;&nbsp;5.375%, due 3/1/29 | 127000 | 121591 |
| Brink's Co. (The) |  |  |
| &nbsp;&nbsp;6.500%, due 6/15/29 | 140000 | 143430 |
| &nbsp;&nbsp;6.750%, due 6/15/32 | 150000 | 154501 |
| Carriage Services, Inc. |  |  |
| &nbsp;&nbsp;4.250%, due 5/15/29 | 173000 | 161913 |
| Deluxe Corp. |  |  |
| &nbsp;&nbsp;8.125%, due 9/15/29 | 65000 | 66917 |
| Herc Holdings, Inc. |  |  |
| &nbsp;&nbsp;6.625%, due 6/15/29 | 75000 | 76784 |
| &nbsp;&nbsp;7.250%, due 6/15/33 | 115000 | 119084 |
| NESCO Holdings II, Inc. |  |  |
| &nbsp;&nbsp;5.500%, due 4/15/29 | 193000 | 188177 |
| OT Midco, Inc. |  |  |
| &nbsp;&nbsp;10.000%, due 2/15/30 | 135000 | 110022 |
| Shift4 Payments LLC / Shift4 Payments Finance Sub, Inc. |  |  |
| &nbsp;&nbsp;6.750%, due 8/15/32 | 90000 | 92970 |
| Sotheby's |  |  |
| &nbsp;&nbsp;7.375%, due 10/15/27 | 223000 | 218505 |
| United Rentals North America, Inc. |  |  |
| &nbsp;&nbsp;4.000%, due 7/15/30 | 156000 | 147585 |
| Valvoline, Inc. |  |  |
| &nbsp;&nbsp;3.625%, due 6/15/31 | 220000 | 198042 |
| Veritiv Operating Co. |  |  |
| &nbsp;&nbsp;10.500%, due 11/30/30 | 225000 | 243872 |
| Wand NewCo 3, Inc. |  |  |
| &nbsp;&nbsp;7.625%, due 1/30/32 | 75000 | 78748 |
| WASH Multifamily Acquisition, Inc. |  |  |
| &nbsp;&nbsp;5.750%, due 4/15/26 | 366000 | 365969 |
|  |  | 3629349 |
| **Computers — 1.0%** |  |  |
| CACI International, Inc. |  |  |
| &nbsp;&nbsp;6.375%, due 6/15/33 | 190000 | 194283 |
| Insight Enterprises, Inc. |  |  |
| &nbsp;&nbsp;6.625%, due 5/15/32 | 115000 | 117602 |
| NCR Voyix Corp. |  |  |
| &nbsp;&nbsp;5.125%, due 4/15/29 | 46000 | 45081 |
| Seagate Data Storage Technology Pte Ltd. |  |  |
| &nbsp;&nbsp;4.091%, due 6/1/29 | 156000 | 149076 |
| &nbsp;&nbsp;4.125%, due 1/15/31 | 68000 | 60015 |
| &nbsp;&nbsp;8.500%, due 7/15/31 | 25000 | 26403 |
|  |  | 592460 |
| **Cosmetics/Personal Care — 0.3%** |  |  |
| Edgewell Personal Care Co. |  |  |
| &nbsp;&nbsp;5.500%, due 6/1/28 | 178000 | 176662 |
| **Distribution/Wholesale — 0.2%** |  |  |
| Velocity Vehicle Group LLC |  |  |
| &nbsp;&nbsp;8.000%, due 6/1/29 | 125000 | 126477 |
| **Diversified Financial Services — 4.6%** |  |  |
| Azorra Finance Ltd. |  |  |
| &nbsp;&nbsp;7.750%, due 4/15/30 | 185000 | 192681 |
| Credit Acceptance Corp. |  |  |
| &nbsp;&nbsp;6.625%, due 3/15/30 | 90000 | 91140 |

---

Schedule of Investments ─ NYLI MacKay High Income ETF (continued)

July 31, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Corporate Bonds (continued)** | **Corporate Bonds (continued)** | **Corporate Bonds (continued)** |
| **Diversified Financial Services (continued)** |  |  |
| &nbsp;&nbsp;9.250%, due 12/15/28 | $245000 | $259108 |
| Freedom Mortgage Holdings LLC |  |  |
| &nbsp;&nbsp;9.250%, due 2/1/29 | 90000 | 93806 |
| goeasy Ltd., (Canada) |  |  |
| &nbsp;&nbsp;6.875%, due 5/15/30 | 160000 | 160308 |
| Jane Street Group / JSG Finance, Inc. |  |  |
| &nbsp;&nbsp;6.750%, due 5/1/33 | 75000 | 76753 |
| Nationstar Mortgage Holdings, Inc. |  |  |
| &nbsp;&nbsp;7.125%, due 2/1/32 | 355000 | 370708 |
| OneMain Finance Corp. |  |  |
| &nbsp;&nbsp;6.625%, due 1/15/28 | 160000 | 163835 |
| &nbsp;&nbsp;6.750%, due 3/15/32 | 230000 | 233379 |
| &nbsp;&nbsp;7.125%, due 11/15/31 | 125000 | 129041 |
| &nbsp;&nbsp;7.500%, due 5/15/31 | 170000 | 177169 |
| PennyMac Financial Services, Inc. |  |  |
| &nbsp;&nbsp;4.250%, due 2/15/29 | 140000 | 134087 |
| &nbsp;&nbsp;6.875%, due 5/15/32 | 105000 | 106979 |
| &nbsp;&nbsp;7.125%, due 11/15/30 | 205000 | 211313 |
| SLM Corp. |  |  |
| &nbsp;&nbsp;6.500%, due 1/31/30 | 80000 | 83101 |
| VFH Parent LLC / Valor Co.-Issuer, Inc. |  |  |
| &nbsp;&nbsp;7.500%, due 6/15/31 | 197000 | 204969 |
|  |  | 2688377 |
| **Electric — 5.2%** |  |  |
| Alpha Generation LLC |  |  |
| &nbsp;&nbsp;6.750%, due 10/15/32 | 195000 | 199548 |
| Calpine Corp. |  |  |
| &nbsp;&nbsp;4.625%, due 2/1/29 | 90000 | 88451 |
| &nbsp;&nbsp;5.125%, due 3/15/28 | 120000 | 119419 |
| Edison International |  |  |
| &nbsp;&nbsp;4.125%, due 3/15/28 | 162000 | 157072 |
| &nbsp;&nbsp;5.250%, due 11/15/28 | 95000 | 94349 |
| &nbsp;&nbsp;&nbsp;8.125%, (5 Year US CMT T-Note + 3.86%), due 6/15/53<sup>(a)(b)</sup> | 190000 | 186309 |
| Lightning Power LLC |  |  |
| &nbsp;&nbsp;7.250%, due 8/15/32 | 140000 | 146366 |
| PacifiCorp |  |  |
| &nbsp;&nbsp;&nbsp;7.375%, (5 Year US CMT T-Note + 3.32%), due 9/15/55<sup>(a)</sup> | 110000 | 112614 |
| PG&E Corp. |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/28 | 220000 | 214648 |
| Pike Corp. |  |  |
| &nbsp;&nbsp;8.625%, due 1/31/31 | 372000 | 400027 |
| Vistra Corp. |  |  |
| &nbsp;&nbsp;&nbsp;8.000%, (5 Year US CMT T-Note + 6.93%), due 4/15/74<sup>(a)</sup> | 409000 | 417473 |
| Vistra Operations Co. LLC |  |  |
| &nbsp;&nbsp;4.375%, due 5/1/29 | 87000 | 84304 |
| &nbsp;&nbsp;6.875%, due 4/15/32 | 175000 | 181833 |
| XPLR Infrastructure Operating Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;7.250%, due 1/15/29<sup>(b)</sup> | 270000 | 275347 |
| &nbsp;&nbsp;&nbsp;8.625%, due 3/15/33<sup>(b)</sup> | 335000 | 354823 |
|  |  | 3032583 |
| **Electrical Components & Equipment — 0.3%** |  |  |
| Energizer Holdings, Inc. |  |  |
| &nbsp;&nbsp;4.750%, due 6/15/28 | 159000 | 154463 |
| **Electronics — 0.5%** |  |  |
| Imola Merger Corp. |  |  |
| &nbsp;&nbsp;4.750%, due 5/15/29 | 270000 | 261962 |
| **Engineering & Construction — 1.5%** |  |  |
| AECOM |  |  |
| &nbsp;&nbsp;6.000%, due 8/1/33 | 145000 | 146179 |
| Arcosa, Inc. |  |  |
| &nbsp;&nbsp;6.875%, due 8/15/32 | 90000 | 92975 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Corporate Bonds (continued)** |  |  |
| **Engineering & Construction (continued)** |  |  |
| Artera Services LLC |  |  |
| &nbsp;&nbsp;8.500%, due 2/15/31 | $401000 | $332085 |
| Great Lakes Dredge & Dock Corp. |  |  |
| &nbsp;&nbsp;5.250%, due 6/1/29 | 328000 | 310681 |
|  |  | 881920 |
| **Entertainment — 2.3%** |  |  |
| Caesars Entertainment, Inc. |  |  |
| &nbsp;&nbsp;4.625%, due 10/15/29 | 50000 | 47252 |
| &nbsp;&nbsp;6.500%, due 2/15/32 | 165000 | 168270 |
| Churchill Downs, Inc. |  |  |
| &nbsp;&nbsp;4.750%, due 1/15/28 | 160000 | 157805 |
| &nbsp;&nbsp;5.750%, due 4/1/30 | 126000 | 125689 |
| Penn Entertainment, Inc. |  |  |
| &nbsp;&nbsp;4.125%, due 7/1/29 | 132000 | 122344 |
| Scientific Games Holdings LP/Scientific Games U.S. FinCo, Inc. |  |  |
| &nbsp;&nbsp;6.625%, due 3/1/30 | 248000 | 238911 |
| Warnermedia Holdings, Inc. |  |  |
| &nbsp;&nbsp;4.279%, due 3/15/32 | 180000 | 151650 |
| &nbsp;&nbsp;5.050%, due 3/15/42 | 90000 | 60208 |
| Wynn Resorts Finance LLC / Wynn Resorts Capital Corp. |  |  |
| &nbsp;&nbsp;5.125%, due 10/1/29 | 270000 | 267918 |
|  |  | 1340047 |
| **Environmental Control — 0.3%** |  |  |
| Waste Pro USA, Inc. |  |  |
| &nbsp;&nbsp;7.000%, due 2/1/33 | 165000 | 171198 |
| **Food — 3.0%** |  |  |
| Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC |  |  |
| &nbsp;&nbsp;4.625%, due 1/15/27 | 158000 | 156720 |
| &nbsp;&nbsp;6.500%, due 2/15/28 | 268000 | 272158 |
| Lamb Weston Holdings, Inc. |  |  |
| &nbsp;&nbsp;4.875%, due 5/15/28 | 8000 | 7915 |
| Performance Food Group, Inc. |  |  |
| &nbsp;&nbsp;4.250%, due 8/1/29 | 317000 | 304775 |
| Post Holdings, Inc. |  |  |
| &nbsp;&nbsp;4.500%, due 9/15/31 | 100000 | 92431 |
| &nbsp;&nbsp;4.625%, due 4/15/30 | 216000 | 206324 |
| &nbsp;&nbsp;5.500%, due 12/15/29 | 193000 | 191327 |
| &nbsp;&nbsp;6.250%, due 10/15/34 | 50000 | 50063 |
| &nbsp;&nbsp;6.375%, due 3/1/33 | 195000 | 194853 |
| US Foods, Inc. |  |  |
| &nbsp;&nbsp;4.625%, due 6/1/30 | 283000 | 272612 |
|  |  | 1749178 |
| **Forest Products & Paper — 0.9%** |  |  |
| Ahlstrom Holding 3 Oy, (Finland) |  |  |
| &nbsp;&nbsp;4.875%, due 2/4/28 | 165000 | 158182 |
| Magnera Corp. |  |  |
| &nbsp;&nbsp;7.250%, due 11/15/31 | 390000 | 367088 |
|  |  | 525270 |
| **Gas — 0.9%** |  |  |
| AmeriGas Partners LP / AmeriGas Finance Corp. |  |  |
| &nbsp;&nbsp;9.375%, due 6/1/28 | 440000 | 453195 |
| &nbsp;&nbsp;9.500%, due 6/1/30 | 65000 | 68242 |
|  |  | 521437 |
| **Healthcare-Products — 0.7%** |  |  |
| DENTSPLY SIRONA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.375%, (5 Year US CMT T-Note + 4.38%), due 9/12/55<sup>(a)</sup> | 135000 | 136107 |
| Insulet Corp. |  |  |
| &nbsp;&nbsp;6.500%, due 4/1/33 | 240000 | 246702 |
|  |  | 382809 |

---

Schedule of Investments ─ NYLI MacKay High Income ETF (continued)

July 31, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Corporate Bonds (continued)** |  |  |
| **Healthcare-Services — 1.9%** |  |  |
| Acadia Healthcare Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.375%, due 3/15/33<sup>(b)</sup> | $105000 | $108108 |
| CHS/Community Health Systems, Inc. |  |  |
| &nbsp;&nbsp;5.250%, due 5/15/30 | 248000 | 216944 |
| &nbsp;&nbsp;6.000%, due 1/15/29 | 343000 | 326029 |
| Encompass Health Corp. |  |  |
| &nbsp;&nbsp;5.750%, due 9/15/25 | 61000 | 60923 |
| Prime Healthcare Services, Inc. |  |  |
| &nbsp;&nbsp;9.375%, due 9/1/29 | 415000 | 412406 |
|  |  | 1124410 |
| **Holding Companies-Divers — 0.4%** |  |  |
| Stena International SA, (Sweden) |  |  |
| &nbsp;&nbsp;7.250%, due 1/15/31 | 225000 | 228639 |
| **Home Builders — 0.2%** |  |  |
| Thor Industries, Inc. |  |  |
| &nbsp;&nbsp;4.000%, due 10/15/29 | 47000 | 44099 |
| Tri Pointe Homes, Inc. |  |  |
| &nbsp;&nbsp;5.700%, due 6/15/28 | 79000 | 79813 |
|  |  | 123912 |
| **Home Furnishings — 0.1%** |  |  |
| Whirlpool Corp. |  |  |
| &nbsp;&nbsp;6.500%, due 6/15/33 | 70000 | 68977 |
| **Housewares — 0.9%** |  |  |
| Newell Brands, Inc. |  |  |
| &nbsp;&nbsp;6.375%, due 9/15/27 | 368000 | 370879 |
| &nbsp;&nbsp;6.375%, due 5/15/30 | 20000 | 19381 |
| &nbsp;&nbsp;8.500%, due 6/1/28 | 120000 | 125745 |
|  |  | 516005 |
| **Insurance — 1.8%** |  |  |
| Acrisure LLC / Acrisure Finance, Inc. |  |  |
| &nbsp;&nbsp;6.750%, due 7/1/32 | 245000 | 248062 |
| &nbsp;&nbsp;7.500%, due 11/6/30 | 185000 | 191120 |
| Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer |  |  |
| &nbsp;&nbsp;6.500%, due 10/1/31 | 45000 | 45654 |
| &nbsp;&nbsp;7.000%, due 1/15/31 | 405000 | 416450 |
| Global Atlantic Fin Co. |  |  |
| &nbsp;&nbsp;&nbsp;4.700%, (5 Year US CMT T-Note + 3.80%), due 10/15/51<sup>(a)</sup> | 130000 | 127253 |
|  |  | 1028539 |
| **Internet — 2.2%** |  |  |
| Arches Buyer, Inc. |  |  |
| &nbsp;&nbsp;6.125%, due 12/1/28 | 192000 | 183241 |
| Cogent Communications Group LLC / Cogent Finance, Inc. |  |  |
| &nbsp;&nbsp;6.500%, due 7/1/32 | 30000 | 29399 |
| &nbsp;&nbsp;&nbsp;7.000%, due 6/15/27<sup>(b)</sup> | 200000 | 200191 |
| Go Daddy Operating Co LLC / GD Finance Co., Inc. |  |  |
| &nbsp;&nbsp;3.500%, due 3/1/29 | 257000 | 241219 |
| Match Group Holdings II LLC |  |  |
| &nbsp;&nbsp;4.125%, due 8/1/30 | 214000 | 199581 |
| &nbsp;&nbsp;5.625%, due 2/15/29 | 96000 | 95699 |
| Rakuten Group, Inc., (Japan) |  |  |
| &nbsp;&nbsp;9.750%, due 4/15/29 | 275000 | 301102 |
|  |  | 1250432 |
| **Investment Companies — 0.5%** |  |  |
| Antares Holdings LP, (Canada) |  |  |
| &nbsp;&nbsp;6.500%, due 2/8/29 | 73000 | 74025 |
| &nbsp;&nbsp;7.950%, due 8/11/28 | 50000 | 52706 |
| Icahn Enterprises LP / Icahn Enterprises Finance Corp. |  |  |
| &nbsp;&nbsp;4.375%, due 2/1/29 | 96000 | 82321 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Corporate Bonds (continued)** |  |  |
| **Investment Companies (continued)** |  |  |
| &nbsp;&nbsp;6.250%, due 5/15/26 | $54000 | $53652 |
|  |  | 262704 |
| **Iron/Steel — 1.3%** |  |  |
| Mineral Resources Ltd., (Australia) |  |  |
| &nbsp;&nbsp;9.250%, due 10/1/28 | 513000 | 536163 |
| TMS International Corp. |  |  |
| &nbsp;&nbsp;6.250%, due 4/15/29 | 197000 | 187556 |
|  |  | 723719 |
| **Leisure Time — 1.4%** |  |  |
| Carnival Corp. |  |  |
| &nbsp;&nbsp;5.750%, due 3/1/27 | 25000 | 25249 |
| &nbsp;&nbsp;5.750%, due 8/1/32 | 250000 | 251693 |
| &nbsp;&nbsp;6.000%, due 5/1/29 | 276000 | 278448 |
| NCL Corp., Ltd. |  |  |
| &nbsp;&nbsp;6.250%, due 3/1/30 | 250000 | 253003 |
|  |  | 808393 |
| **Lodging — 1.3%** |  |  |
| Hilton Domestic Operating Co., Inc. |  |  |
| &nbsp;&nbsp;4.000%, due 5/1/31 | 412000 | 384429 |
| &nbsp;&nbsp;5.750%, due 9/15/33 | 225000 | 225214 |
| Station Casinos LLC |  |  |
| &nbsp;&nbsp;4.625%, due 12/1/31 | 138000 | 129144 |
|  |  | 738787 |
| **Machinery-Construction & Mining — 0.6%** |  |  |
| Terex Corp. |  |  |
| &nbsp;&nbsp;6.250%, due 10/15/32 | 345000 | 345537 |
| **Media — 10.0%** |  |  |
| Cable One, Inc. |  |  |
| &nbsp;&nbsp;4.000%, due 11/15/30 | 386000 | 297235 |
| CCO Holdings LLC / CCO Holdings Capital Corp. |  |  |
| &nbsp;&nbsp;4.250%, due 2/1/31 | 274000 | 250272 |
| &nbsp;&nbsp;4.250%, due 1/15/34 | 158000 | 136141 |
| &nbsp;&nbsp;4.500%, due 8/15/30 | 1000 | 936 |
| &nbsp;&nbsp;4.500%, due 5/1/32 | 269000 | 244081 |
| &nbsp;&nbsp;4.750%, due 3/1/30 | 470000 | 446591 |
| CSC Holdings LLC |  |  |
| &nbsp;&nbsp;5.500%, due 4/15/27 | 176000 | 170354 |
| &nbsp;&nbsp;6.500%, due 2/1/29 | 475000 | 375286 |
| Directv Financing LLC / Directv Financing Co.-Obligor, Inc. |  |  |
| &nbsp;&nbsp;5.875%, due 8/15/27 | 246000 | 244648 |
| &nbsp;&nbsp;10.000%, due 2/15/31 | 155000 | 149478 |
| DISH DBS Corp. |  |  |
| &nbsp;&nbsp;5.750%, due 12/1/28 | 80000 | 71488 |
| &nbsp;&nbsp;7.375%, due 7/1/28 | 245000 | 188038 |
| DISH Network Corp. |  |  |
| &nbsp;&nbsp;11.750%, due 11/15/27 | 231000 | 240573 |
| Gray Media, Inc. |  |  |
| &nbsp;&nbsp;5.375%, due 11/15/31 | 155000 | 114380 |
| &nbsp;&nbsp;7.250%, due 8/15/33 | 120000 | 119369 |
| &nbsp;&nbsp;9.625%, due 7/15/32 | 40000 | 40351 |
| Nexstar Media, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.750%, due 11/1/28<sup>(b)</sup> | 483000 | 469449 |
| Paramount Global |  |  |
| &nbsp;&nbsp;&nbsp;6.250%, (3-Month SOFR + 3.90%), due 2/28/57<sup>(a)</sup> | 200000 | 192750 |
| &nbsp;&nbsp;6.875%, due 4/30/36 | 255000 | 265331 |
| Sirius XM Radio LLC |  |  |
| &nbsp;&nbsp;3.125%, due 9/1/26 | 70000 | 68427 |
| &nbsp;&nbsp;3.875%, due 9/1/31 | 84000 | 74107 |
| &nbsp;&nbsp;4.000%, due 7/15/28 | 242000 | 230333 |
| &nbsp;&nbsp;4.125%, due 7/1/30 | 90000 | 82101 |
| Sunrise FinCo I BV, (Netherlands) |  |  |
| &nbsp;&nbsp;4.875%, due 7/15/31 | 304000 | 286550 |

---

Schedule of Investments ─ NYLI MacKay High Income ETF (continued)

July 31, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Corporate Bonds (continued)** |  |  |
| **Media (continued)** |  |  |
| TEGNA, Inc. |  |  |
| &nbsp;&nbsp;4.625%, due 3/15/28 | $95000 | $92218 |
| Univision Communications, Inc. |  |  |
| &nbsp;&nbsp;4.500%, due 5/1/29 | 65000 | 60143 |
| &nbsp;&nbsp;7.375%, due 6/30/30 | 185000 | 183984 |
| &nbsp;&nbsp;9.375%, due 8/1/32 | 65000 | 67444 |
| Virgin Media Finance PLC, (United Kingdom) |  |  |
| &nbsp;&nbsp;5.000%, due 7/15/30 | 243000 | 219048 |
| Virgin Media Vendor Financing Notes IV DAC, (United Kingdom) |  |  |
| &nbsp;&nbsp;5.000%, due 7/15/28 | 79000 | 76614 |
| VZ Secured Financing BV, (Netherlands) |  |  |
| &nbsp;&nbsp;5.000%, due 1/15/32 | 359000 | 315720 |
|  |  | 5773440 |
| **Mining — 0.7%** |  |  |
| Compass Minerals International, Inc. |  |  |
| &nbsp;&nbsp;6.750%, due 12/1/27 | 93000 | 92914 |
| &nbsp;&nbsp;8.000%, due 7/1/30 | 105000 | 108783 |
| WE Soda Investments Holding PLC, (Turkey) |  |  |
| &nbsp;&nbsp;9.375%, due 2/14/31 | 185000 | 193727 |
|  |  | 395424 |
| **Miscellaneous Manufacturing — 0.7%** |  |  |
| Axon Enterprise, Inc. |  |  |
| &nbsp;&nbsp;6.125%, due 3/15/30 | 160000 | 163408 |
| &nbsp;&nbsp;6.250%, due 3/15/33 | 75000 | 76836 |
| Hillenbrand, Inc. |  |  |
| &nbsp;&nbsp;6.250%, due 2/15/29 | 180000 | 182304 |
|  |  | 422548 |
| **Oil & Gas — 7.6%** |  |  |
| Aethon United BR LP / Aethon United Finance Corp. |  |  |
| &nbsp;&nbsp;7.500%, due 10/1/29 | 300000 | 314322 |
| Ascent Resources Utica Holdings LLC / ARU Finance Corp. |  |  |
| &nbsp;&nbsp;5.875%, due 6/30/29 | 227000 | 226188 |
| &nbsp;&nbsp;6.625%, due 10/15/32 | 70000 | 71205 |
| Baytex Energy Corp., (Canada) |  |  |
| &nbsp;&nbsp;8.500%, due 4/30/30 | 40000 | 40706 |
| Borr IHC Ltd. / Borr Finance LLC, (Mexico) |  |  |
| &nbsp;&nbsp;10.000%, due 11/15/28 | 111052 | 106181 |
| California Resources Corp. |  |  |
| &nbsp;&nbsp;8.250%, due 6/15/29 | 175000 | 179766 |
| CNX Resources Corp. |  |  |
| &nbsp;&nbsp;6.000%, due 1/15/29 | 88000 | 87953 |
| &nbsp;&nbsp;7.250%, due 3/1/32 | 70000 | 72170 |
| Comstock Resources, Inc. |  |  |
| &nbsp;&nbsp;6.750%, due 3/1/29 | 330000 | 326271 |
| Diamond Foreign Asset Co. / Diamond Finance LLC |  |  |
| &nbsp;&nbsp;8.500%, due 10/1/30 | 307000 | 319969 |
| Encino Acquisition Partners Holdings LLC |  |  |
| &nbsp;&nbsp;8.750%, due 5/1/31 | 225000 | 248293 |
| Hilcorp Energy I LP / Hilcorp Finance Co. |  |  |
| &nbsp;&nbsp;6.875%, due 5/15/34 | 299000 | 287905 |
| &nbsp;&nbsp;7.250%, due 2/15/35 | 190000 | 185168 |
| Moss Creek Resources Holdings, Inc. |  |  |
| &nbsp;&nbsp;8.250%, due 9/1/31 | 385000 | 375814 |
| Nabors Industries, Inc. |  |  |
| &nbsp;&nbsp;7.375%, due 5/15/27 | 410000 | 413794 |
| Noble Finance II LLC |  |  |
| &nbsp;&nbsp;8.000%, due 4/15/30 | 140000 | 142795 |
| Patterson-UTI Energy, Inc. |  |  |
| &nbsp;&nbsp;7.150%, due 10/1/33 | 256000 | 264860 |
| PBF Holding Co. LLC / PBF Finance Corp. |  |  |
| &nbsp;&nbsp;6.000%, due 2/15/28 | 40000 | 38494 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Corporate Bonds (continued)** |  |  |
| **Oil & Gas (continued)** |  |  |
| Range Resources Corp. |  |  |
| &nbsp;&nbsp;4.750%, due 2/15/30 | $76000 | $73877 |
| Sitio Royalties Operating Partnership LP / Sitio Finance Corp. |  |  |
| &nbsp;&nbsp;7.875%, due 11/1/28 | 171000 | 178407 |
| SM Energy Co. |  |  |
| &nbsp;&nbsp;7.000%, due 8/1/32 | 160000 | 158435 |
| Transocean Titan Financing Ltd. |  |  |
| &nbsp;&nbsp;8.375%, due 2/1/28 | 136619 | 140014 |
| Transocean, Inc. |  |  |
| &nbsp;&nbsp;8.500%, due 5/15/31 | 55000 | 50532 |
| Valaris Ltd. |  |  |
| &nbsp;&nbsp;8.375%, due 4/30/30 | 70000 | 72302 |
|  |  | 4375421 |
| **Packaging & Containers — 1.2%** |  |  |
| Cascades, Inc. / Cascades USA, Inc., (Canada) |  |  |
| &nbsp;&nbsp;5.375%, due 1/15/28 | 245000 | 239563 |
| Cascades, Inc. /Cascades USA, Inc., (Canada) |  |  |
| &nbsp;&nbsp;6.750%, due 7/15/30 | 60000 | 59860 |
| Clydesdale Acquisition Holdings, Inc. |  |  |
| &nbsp;&nbsp;6.750%, due 4/15/32 | 130000 | 133160 |
| Sealed Air Corp/Sealed Air Corp. U.S. |  |  |
| &nbsp;&nbsp;6.125%, due 2/1/28 | 25000 | 25239 |
| &nbsp;&nbsp;7.250%, due 2/15/31 | 180000 | 187093 |
| Trivium Packaging Finance BV, (Netherlands) |  |  |
| &nbsp;&nbsp;8.250%, due 7/15/30 | 25000 | 26326 |
|  |  | 671241 |
| **Pharmaceuticals — 2.4%** |  |  |
| 1261229 BC Ltd. |  |  |
| &nbsp;&nbsp;10.000%, due 4/15/32 | 205000 | 208708 |
| Bausch Health Cos., Inc. |  |  |
| &nbsp;&nbsp;4.875%, due 6/1/28 | 325000 | 287625 |
| CVS Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.750%, (5 Year US CMT T-Note + 2.52%), due 12/10/54<sup>(a)</sup> | 45000 | 45037 |
| &nbsp;&nbsp;&nbsp;7.000%, (5 Year US CMT T-Note + 2.89%), due 3/10/55<sup>(a)</sup> | 55000 | 56586 |
| Elanco Animal Health, Inc. |  |  |
| &nbsp;&nbsp;6.650%, due 8/28/28 | 193000 | 199601 |
| Endo Finance Holdings, Inc. |  |  |
| &nbsp;&nbsp;8.500%, due 4/15/31 | 220000 | 234043 |
| Organon & Co / Organon Foreign Debt Co.-Issuer BV |  |  |
| &nbsp;&nbsp;6.750%, due 5/15/34 | 160000 | 150877 |
| &nbsp;&nbsp;7.875%, due 5/15/34 | 170000 | 152205 |
| Paradigm Parent LLC and Paradigm Parent CO-Issuer, Inc. |  |  |
| &nbsp;&nbsp;8.750%, due 4/17/32 | 75000 | 72204 |
|  |  | 1406886 |
| **Pipelines — 2.5%** |  |  |
| DT Midstream, Inc. |  |  |
| &nbsp;&nbsp;4.125%, due 6/15/29 | 140000 | 134828 |
| Hess Midstream Operations LP |  |  |
| &nbsp;&nbsp;6.500%, due 6/1/29 | 130000 | 133913 |
| Howard Midstream Energy Partners LLC |  |  |
| &nbsp;&nbsp;7.375%, due 7/15/32 | 125000 | 129240 |
| &nbsp;&nbsp;8.875%, due 7/15/28 | 165000 | 172044 |
| NGPL PipeCo LLC |  |  |
| &nbsp;&nbsp;7.768%, due 12/15/37 | 125000 | 141463 |
| Plains All American Pipeline LP / PAA Finance Corp. |  |  |
| &nbsp;&nbsp;4.700%, due 6/15/44 | 75000 | 61999 |
| Venture Global LNG, Inc. |  |  |
| &nbsp;&nbsp;7.000%, due 1/15/30 | 132000 | 133850 |
| &nbsp;&nbsp;8.375%, due 6/1/31 | 257000 | 265830 |

---

Schedule of Investments ─ NYLI MacKay High Income ETF (continued)

July 31, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Corporate Bonds (continued)** |  |  |
| **Pipelines (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;9.000%, (5 Year US CMT T-Note + 5.44%), due 12/31/49<sup>(a)</sup> | $105000 | $105027 |
| Venture Global Plaquemines LNG LLC |  |  |
| &nbsp;&nbsp;6.750%, due 1/15/36 | 185000 | 190311 |
|  |  | 1468505 |
| **REITS — 4.6%** |  |  |
| Iron Mountain Information Management Services, Inc. |  |  |
| &nbsp;&nbsp;5.000%, due 7/15/32 | 95000 | 90658 |
| Iron Mountain, Inc. |  |  |
| &nbsp;&nbsp;4.500%, due 2/15/31 | 221000 | 209002 |
| &nbsp;&nbsp;5.250%, due 7/15/30 | 91000 | 89429 |
| &nbsp;&nbsp;5.625%, due 7/15/32 | 211000 | 208249 |
| MPT Operating Partnership LP / MPT Finance Corp. |  |  |
| &nbsp;&nbsp;8.500%, due 2/15/32 | 230000 | 239063 |
| Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer |  |  |
| &nbsp;&nbsp;4.875%, due 5/15/29 | 337000 | 324176 |
| &nbsp;&nbsp;7.000%, due 2/1/30 | 100000 | 102410 |
| RHP Hotel Properties LP / RHP Finance Corp. |  |  |
| &nbsp;&nbsp;6.500%, due 4/1/32 | 105000 | 107221 |
| Service Properties Trust |  |  |
| &nbsp;&nbsp;8.625%, due 11/15/31 | 110000 | 117143 |
| &nbsp;&nbsp;8.875%, due 6/15/32 | 325000 | 339832 |
| Starwood Property Trust, Inc. |  |  |
| &nbsp;&nbsp;6.000%, due 4/15/30 | 175000 | 176718 |
| Uniti Group LP / Uniti Group Finance 2019, Inc. / CSL Capital LLC |  |  |
| &nbsp;&nbsp;8.625%, due 6/15/32 | 135000 | 136927 |
| &nbsp;&nbsp;10.500%, due 2/15/28 | 340000 | 359339 |
| XHR LP |  |  |
| &nbsp;&nbsp;4.875%, due 6/1/29 | 84000 | 81075 |
| &nbsp;&nbsp;6.625%, due 5/15/30 | 60000 | 60983 |
|  |  | 2642225 |
| **Retail — 4.6%** |  |  |
| Arko Corp. |  |  |
| &nbsp;&nbsp;5.125%, due 11/15/29 | 101000 | 82802 |
| Bath & Body Works, Inc. |  |  |
| &nbsp;&nbsp;6.950%, due 3/1/33 | 77000 | 79161 |
| Foundation Building Materials, Inc. |  |  |
| &nbsp;&nbsp;6.000%, due 3/1/29 | 70000 | 65652 |
| Global Auto Holdings Ltd/AAG FH UK Ltd., (United Kingdom) |  |  |
| &nbsp;&nbsp;11.500%, due 8/15/29 | 65000 | 64518 |
| Group 1 Automotive, Inc. |  |  |
| &nbsp;&nbsp;4.000%, due 8/15/28 | 90000 | 86775 |
| &nbsp;&nbsp;6.375%, due 1/15/30 | 48000 | 48891 |
| Kohl's Corp. |  |  |
| &nbsp;&nbsp;10.000%, due 6/1/30 | 35000 | 36352 |
| LCM Investments Holdings II LLC |  |  |
| &nbsp;&nbsp;4.875%, due 5/1/29 | 197000 | 191449 |
| &nbsp;&nbsp;8.250%, due 8/1/31 | 215000 | 227324 |
| Lithia Motors, Inc. |  |  |
| &nbsp;&nbsp;3.875%, due 6/1/29 | 35000 | 32978 |
| &nbsp;&nbsp;4.375%, due 1/15/31 | 127000 | 119461 |
| Macy's Retail Holdings LLC |  |  |
| &nbsp;&nbsp;6.125%, due 3/15/32 | 378000 | 361924 |
| &nbsp;&nbsp;7.375%, due 8/1/33 | 55000 | 55210 |
| Nordstrom, Inc. |  |  |
| &nbsp;&nbsp;4.375%, due 4/1/30 | 128000 | 116060 |
| &nbsp;&nbsp;5.000%, due 1/15/44 | 105000 | 70612 |
| QVC, Inc. |  |  |
| &nbsp;&nbsp;5.450%, due 8/15/34 | 50000 | 21500 |
| Sally Holdings LLC / Sally Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.750%, due 3/1/32<sup>(b)</sup> | 301000 | 308926 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Corporate Bonds (continued)** |  |  |
| **Retail (continued)** |  |  |
| Staples, Inc. |  |  |
| &nbsp;&nbsp;10.750%, due 9/1/29 | $310000 | $290675 |
| &nbsp;&nbsp;12.750%, due 1/15/30 | 80000 | 55957 |
| Victoria's Secret & Co. |  |  |
| &nbsp;&nbsp;4.625%, due 7/15/29 | 125000 | 116326 |
| Victra Holdings LLC / Victra Finance Corp. |  |  |
| &nbsp;&nbsp;8.750%, due 9/15/29 | 85000 | 89083 |
| Walgreens Boots Alliance, Inc. |  |  |
| &nbsp;&nbsp;4.800%, due 11/18/44 | 85000 | 83208 |
| &nbsp;&nbsp;&nbsp;8.125%, due 8/15/29<sup>(b)</sup> | 65000 | 69773 |
|  |  | 2674617 |
| **Semiconductors — 0.5%** |  |  |
| Kioxia Holdings Corp., (Japan) |  |  |
| &nbsp;&nbsp;6.625%, due 7/24/33 | 275000 | 272119 |
| **Software — 1.8%** |  |  |
| Central Parent LLC / CDK Global II LLC / CDK Financing Co., Inc. |  |  |
| &nbsp;&nbsp;8.000%, due 6/15/29 | 240000 | 203594 |
| Central Parent, Inc. / CDK Global, Inc. |  |  |
| &nbsp;&nbsp;7.250%, due 6/15/29 | 80000 | 65734 |
| Cloud Software Group, Inc. |  |  |
| &nbsp;&nbsp;6.500%, due 3/31/29 | 366000 | 369618 |
| &nbsp;&nbsp;8.250%, due 6/30/32 | 220000 | 234263 |
| &nbsp;&nbsp;9.000%, due 9/30/29 | 165000 | 170752 |
|  |  | 1043961 |
| **Telecommunications — 3.4%** |  |  |
| Altice Financing SA, (Luxembourg) |  |  |
| &nbsp;&nbsp;5.000%, due 1/15/28 | 57000 | 45683 |
| &nbsp;&nbsp;5.750%, due 8/15/29 | 347000 | 265761 |
| Altice France SA, (France) |  |  |
| &nbsp;&nbsp;5.500%, due 1/15/28 | 403000 | 358166 |
| CommScope LLC |  |  |
| &nbsp;&nbsp;4.750%, due 9/1/29 | 118000 | 114584 |
| &nbsp;&nbsp;8.250%, due 3/1/27 | 90000 | 90208 |
| EchoStar Corp. |  |  |
| &nbsp;&nbsp;10.750%, due 11/30/29 | 415000 | 437306 |
| Fibercop SpA, (Italy) |  |  |
| &nbsp;&nbsp;7.721%, due 6/4/38 | 17000 | 16916 |
| Iliad Holding SASU, (France) |  |  |
| &nbsp;&nbsp;8.500%, due 4/15/31 | 215000 | 230626 |
| Level 3 Financing, Inc. |  |  |
| &nbsp;&nbsp;3.750%, due 7/15/29 | 126000 | 105627 |
| Vodafone Group PLC, (United Kingdom) |  |  |
| &nbsp;&nbsp;&nbsp;7.000%, (USD 5 Year Swap + 4.87%), due 4/4/79<sup>(a)</sup> | 100000 | 104499 |
| Windstream Services LLC / Windstream Escrow Finance Corp. |  |  |
| &nbsp;&nbsp;8.250%, due 10/1/31 | 175000 | 183206 |
|  |  | 1952582 |
| **Transportation — 0.8%** |  |  |
| First Student Bidco, Inc. / First Transit Parent, Inc. |  |  |
| &nbsp;&nbsp;4.000%, due 7/31/29 | 258000 | 243317 |
| Genesee & Wyoming, Inc. |  |  |
| &nbsp;&nbsp;6.250%, due 4/15/32 | 205000 | 207363 |
|  |  | 450680 |
| **Water — 0.3%** |  |  |
| Aegea Finance SARL, (Brazil) |  |  |
| &nbsp;&nbsp;6.750%, due 5/20/29 | 195000 | 196781 |
| **Total Corporate Bonds** |  |  |
| &nbsp;&nbsp;**(Cost $52,833,128)** |  | **54351956** |

---

Schedule of Investments ─ NYLI MacKay High Income ETF (continued)

July 31, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Short-Term Investments — 4.0%** |  |  |
| **Money Market Funds — 4.0%** |  |  |
| BlackRock Liquidity Funds Treasury Trust Fund Portfolio, Institutional Class, 4.19%<sup>(c)</sup> | 592132 | $592132 |
| Dreyfus Government Cash Management Fund, Institutional Shares, 4.18%<sup>(c)(d)</sup> | 1712380 | 1712380 |
| **Total Short-Term Investments** |  |  |
| &nbsp;&nbsp;**(Cost $2,304,512)** |  | **2304512** |
| **Total Investments — 101.5%<br> (Cost $57,302,185)** |  | **58819464** |
| **Other Assets and Liabilities,<br> Net — (1.5)%** |  | **(869927)** |
| **Net Assets — 100.0%** |  | $**57949537** |

---

(a) Variable rate securities that
 may be tendered back to the issuer at any time prior to maturity at par. Rate shown is the rate in effect as of July 31, 2025.

(b) All or a portion of the security was on loan.
 In addition, "Other Assets and Liabilities, Net" may include pending sales that are also on loan. The aggregate
 market value of securities on loan was $2,134,948; total market value of collateral held by the Fund was $2,228,214. Market
 value of the collateral held includes non-cash U.S. Treasury securities collateral having a value of $515,834.

(c) Reflects the 7-day yield at July 31, 2025.

(d) Represents security purchased with cash collateral
 received for securities on loan.

---

| | |
|:---|:---|
| **Abbreviations** | **Abbreviations** |
| CMT | - Constant Maturity Treasury Index |
| SOFR | - Secured Financing Overnight Rate |

---

Schedule of Investments ─ NYLI MacKay High Income ETF (continued)

July 31, 2025 (unaudited)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **As of July 31, 2025, the Fund held the following centrally cleared credit default swap contracts:** | **As of July 31, 2025, the Fund held the following centrally cleared credit default swap contracts:** | **As of July 31, 2025, the Fund held the following centrally cleared credit default swap contracts:** | **As of July 31, 2025, the Fund held the following centrally cleared credit default swap contracts:** | **As of July 31, 2025, the Fund held the following centrally cleared credit default swap contracts:** | **As of July 31, 2025, the Fund held the following centrally cleared credit default swap contracts:** | **As of July 31, 2025, the Fund held the following centrally cleared credit default swap contracts:** | **As of July 31, 2025, the Fund held the following centrally cleared credit default swap contracts:** | **As of July 31, 2025, the Fund held the following centrally cleared credit default swap contracts:** |
| **Reference Entity** | **Expiration <br> Date** | **Buy/Sell<br> Protection<sup>(e)</sup>** | **Notional <br> Amount<sup>(f)</sup>** | **(Pay)/ <br> Receive <br> Fixed <br> Rate<sup>(g)</sup>** | **Payment <br> Frequency Paid/Received** | **Upfront <br> Premiums Paid/ (Received)** | **Value** | **Unrealized Appreciation/ (Depreciation)<sup>(h)</sup>** |
| CDX.NA.HY.44 | 06/20/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buy | $3000000 | 5.0% | Quarterly | $(199410) | $(216668) | $(17258) |

---

(e) Buy - Fund pays premium and
 buys credit protection. If a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will
 either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced
 obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of
 cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying
 securities comprising the referenced index.

(f) The maximum potential amount the Fund could be
 required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined
 under the terms of that particular swap contract.

(g) The annual fixed rate represents the interest
 received by the Fund (as a seller of protection) or paid by the Fund (as a buyer of protection) annually on the notional amount
 of the credit default swap contract.

(h) Represents the difference between the value of
 the credit default swap contracts at the time they were opened and the value at July 31, 2025.

The following is a summary of the inputs used to value the Fund's investments as of July 31, 2025. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to the Fund's most recent semi-annual or annual financial statements.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Asset Valuation Inputs** |  |  |  |  |
| Investments in Securities:<sup>(i)</sup> |  |  |  |  |
| &nbsp;&nbsp;Bank Loans | $— | $2162996 | $— | $2162996 |
| &nbsp;&nbsp;Corporate Bonds |  | 54351956 |  | 54351956 |
| Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;Money Market Funds | 2304512 |  |  | 2304512 |
| Total Investments in Securities | 2304512 | 56514952 |  | 58819464 |
| **Liability Valuation Inputs** |  |  |  |  |
| Other Financial Instruments:<sup>(j)</sup> |  |  |  |  |
| &nbsp;&nbsp;Swap Contracts | $— | $(17258) | $— | $(17258) |

---

(i) For
 a complete listing of investments and their industries, see the Schedule of Investments.

(j) Reflects the unrealized
 appreciation (depreciation) of the instruments.

For the period ended July 31, 2025 the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** New York Life Investments Active ETF Trust

- **b. Investment Company Act file number:** 811-22739

- **c. CIK number of Registrant:** 0001426439

- **d. LEI of Registrant:** 549300VWZDQ61K9DOP39

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

  - **Street Address 1:** 51 Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 888-474-7725

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

- **a. Name of Series:** NYLI MacKay High Income ETF

- **b. EDGAR series identifier (if any):** S000077600

- **c. LEI of Series:** 5493006GCBGULIUNP989

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-07-31

**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:** $60512385.86

**Total Liabilities:** $2563039.10

**Net Assets:** $57949346.76

**Delayed Delivery Securities:** $116275.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 348.30918000 | **5-Year:** 873.69799000 | **10-Year:** 327.19525000 | **30-Year:** 6.11187000

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

- **3-Month:** 63.32394000 | **1-Year:** 5954.70663000 | **5-Year:** 9090.92594000 | **10-Year:** 491.17110000 | **30-Year:** 13.68041000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000238088 | 1.84%                | 1.65%                | 0.53%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1852.53                 | $727335.72                                 |
| Month 2  | $44512.35                | $621061.13                                 |
| Month 3  | $160627.27               | $-217634.17                                |

**Designated Index Information**

- **Index Name:** Bloomberg Very Liquid High Yield Index

- **Index Identifier:** LHMN4860

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHURCHILL DOWNS INC            | Churchill Downs Inc                                                              | CUSIP: 171484AE8<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    160000 | PA      | $157804.78    | 0.27%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO        | BEACH ACQUISITION BIDCO                                                          | CUSIP: 000000000<br>LEI: 254900F2FNX3GBTB6202 | Long             | LON              | CORP              | US        |     60000 | PA      | $60349.98     | 0.10%             | 2032-06-28      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    470000 | PA      | $446591.04    | 0.77%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC          | American Airlines Inc                                                            | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    120000 | PA      | $125415.00    | 0.22%             | 2029-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN       | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    412000 | PA      | $384429.25    | 0.66%             | 2031-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC            | Sirius XM Radio LLC                                                              | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     84000 | PA      | $74106.77     | 0.13%             | 2031-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WILSONART LLC                  | Wilsonart LLC                                                                    | CUSIP: 97246JAA6<br>LEI: 549300SAZRUMYKDJBY14 | Long             | DBT              | CORP              | US        |     55000 | PA      | $50613.09     | 0.09%             | 2032-08-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR       | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622FAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $150876.48    | 0.26%             | 2034-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                 | Bombardier Inc                                                                   | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    167000 | PA      | $174382.40    | 0.30%             | 2031-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                 | Gray Media Inc                                                                   | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40350.85     | 0.07%             | 2032-07-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC              | Newell Brands Inc                                                                | CUSIP: 651229BC9<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    368000 | PA      | $370879.66    | 0.64%             | 2027-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA RESOURCES CRP       | California Resources Corp                                                        | CUSIP: 13057QAK3<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |    175000 | PA      | $179766.15    | 0.31%             | 2029-06-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| AECOM                          | AECOM                                                                            | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |    145000 | PA      | $146178.85    | 0.25%             | 2033-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| IMOLA MERGER CORP              | Imola Merger Corp                                                                | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $261961.99    | 0.45%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| COGENT COMMS GRP / FIN         | Cogent Communications Group LLC / Cogent Finance Inc                             | CUSIP: 19240CAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $200191.36    | 0.35%             | 2027-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| CCO HLDGS LLC/CAP CORP         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1000 | PA      | $935.62       | 0.00%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO        | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl     | CUSIP: 049362AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    316000 | PA      | $307433.02    | 0.53%             | 2028-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS              | Iliad Holding SASU                                                               | CUSIP: 449691AF1<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    215000 | PA      | $230626.41    | 0.40%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY        | Howard Midstream Energy Partners LLC                                             | CUSIP: 442722AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $129240.13    | 0.22%             | 2032-07-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC         | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAR1<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    155000 | PA      | $170469.49    | 0.29%             | 2030-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                 | Brink's Co/The                                                                   | CUSIP: 109696AD6<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154500.60    | 0.27%             | 2032-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER         | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BS9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    130000 | PA      | $132280.07    | 0.23%             | 2030-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE       | Walgreens Boots Alliance Inc                                                     | CUSIP: 931427AW8<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |     65000 | PA      | $69772.82     | 0.12%             | 2029-08-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: —       |
| GROUP 1 AUTOMOTIVE INC         | Group 1 Automotive Inc                                                           | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |     48000 | PA      | $48891.07     | 0.08%             | 2030-01-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP           | OneMain Finance Corp                                                             | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    170000 | PA      | $177168.62    | 0.31%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SOTHEBY'S                      | Sotheby's                                                                        | CUSIP: 835898AH0<br>LEI: 549300P5BAAMQQ7VL735 | Long             | DBT              | CORP              | US        |    223000 | PA      | $218505.54    | 0.38%             | 2027-10-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION | CDS CDX.NA.HY.44.V1                                                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-216667.90   | -0.37%            |  |  |  | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP              | DISH Network Corp                                                                | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |    231000 | PA      | $240572.87    | 0.42%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC            | Sirius XM Radio LLC                                                              | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     90000 | PA      | $82101.03     | 0.14%             | 2030-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN          | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     96000 | PA      | $82320.43     | 0.14%             | 2029-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC              | Post Holdings Inc                                                                | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    216000 | PA      | $206323.89    | 0.36%             | 2030-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC          | Caesars Entertainment Inc                                                        | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47251.69     | 0.08%             | 2029-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS         | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $102410.00    | 0.18%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TURNING POINT BRANDS INC       | Turning Point Brands Inc                                                         | CUSIP: 90041LAG0<br>LEI: 549300IYG00QF0VVP302 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62851.98     | 0.11%             | 2032-03-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP           | OneMain Finance Corp                                                             | CUSIP: 85172FAQ2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    160000 | PA      | $163835.31    | 0.28%             | 2028-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US       | Sealed Air Corp/Sealed Air Corp US                                               | CUSIP: 812127AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $25238.96     | 0.04%             | 2028-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL               | Paramount Global                                                                 | CUSIP: 925524AX8<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    255000 | PA      | $265331.02    | 0.46%             | 2036-04-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC        | Macy's Retail Holdings LLC                                                       | CUSIP: 55617LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    378000 | PA      | $361924.25    | 0.62%             | 2032-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                  | Carnival Corp                                                                    | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    276000 | PA      | $278447.57    | 0.48%             | 2029-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO           | Veritiv Operating Co                                                             | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |    225000 | PA      | $243872.33    | 0.42%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC          | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    246000 | PA      | $244647.86    | 0.42%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP             | CNX Resources Corp                                                               | CUSIP: 12653CAJ7<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |     88000 | PA      | $87952.48     | 0.15%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DANA INC                       | Dana Inc                                                                         | CUSIP: 235825AJ5<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    120000 | PA      | $117100.86    | 0.20%             | 2032-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN       | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    227000 | PA      | $226187.98    | 0.39%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ANTARES HOLDINGS               | Antares Holdings LP                                                              | CUSIP: 03666HAG6<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | US        |     73000 | PA      | $74025.04     | 0.13%             | 2029-02-08      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL        | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $359338.86    | 0.62%             | 2028-02-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC          | Bausch Health Cos Inc                                                            | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    325000 | PA      | $287625.00    | 0.50%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN       | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    225000 | PA      | $225213.75    | 0.39%             | 2033-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| INEOS FINANCE PLC              | INEOS Finance PLC                                                                | CUSIP: 44984WAH0<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |    202000 | PA      | $198933.88    | 0.34%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC         | Venture Global LNG Inc                                                           | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    132000 | PA      | $133849.98    | 0.23%             | 2030-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VELOCITY VEHICLE GROUP         | Velocity Vehicle Group LLC                                                       | CUSIP: 92262TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $126477.13    | 0.22%             | 2029-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GENESEE & WYOMING INC          | Genesee & Wyoming Inc                                                            | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |    205000 | PA      | $207363.24    | 0.36%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPCO/FINCO            | Go Daddy Operating Co LLC / GD Finance Co Inc                                    | CUSIP: 38016LAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    257000 | PA      | $241218.79    | 0.42%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    274000 | PA      | $250272.36    | 0.43%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY         | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    158000 | PA      | $156719.53    | 0.27%             | 2027-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC              | Newell Brands Inc                                                                | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19380.79     | 0.03%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICE       | Prime Healthcare Services Inc                                                    | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    415000 | PA      | $412406.25    | 0.71%             | 2029-09-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP          | Encompass Health Corp                                                            | CUSIP: 421924BT7<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |     61000 | PA      | $60923.14     | 0.11%             | 2025-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP           | OneMain Finance Corp                                                             | CUSIP: 682691AJ9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    230000 | PA      | $233378.93    | 0.40%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC              | Post Holdings Inc                                                                | CUSIP: 737446AX2<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50062.65     | 0.09%             | 2034-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC       | Acadia Healthcare Co Inc                                                         | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    105000 | PA      | $108107.69    | 0.19%             | 2033-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| AETHON UN/AETHIN UN FIN        | Aethon United BR LP / Aethon United Finance Corp                                 | CUSIP: 00810GAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $314322.30    | 0.54%             | 2029-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NOBLE FINANCE II LLC           | Noble Finance II LLC                                                             | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $142795.38    | 0.25%             | 2030-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE       | Plains All American Pipeline LP / PAA Finance Corp                               | CUSIP: 72650RBE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $61999.24     | 0.11%             | 2044-06-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                    | Staples Inc                                                                      | CUSIP: 855030AS1<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |     80000 | PA      | $55957.13     | 0.10%             | 2030-01-15      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| VISTRA CORP                    | Vistra Corp                                                                      | CUSIP: 92840MAB8<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    409000 | PA      | $417472.84    | 0.72%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC         | Venture Global LNG Inc                                                           | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    105000 | PA      | $105026.78    | 0.18%             | N/A             | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| INEOS QUATTRO FINANCE 2        | INEOS Quattro Finance 2 Plc                                                      | CUSIP: 45674GAB0<br>LEI: 213800V48W4Y5MT5Q131 | Long             | DBT              | CORP              | GB        |    225000 | PA      | $229099.50    | 0.40%             | 2029-03-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC          | Level 3 Financing Inc                                                            | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    126000 | PA      | $105627.06    | 0.18%             | 2029-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS       | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 26873CAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     89000 | PA      | $91658.43     | 0.16%             | 2031-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| First Student Bidco Inc        | FIRST STUDENT BI 07/21/28                                                        | CUSIP: 33718FAM2<br>LEI: 2549006DRO2F06AA1391 | Long             | LON              | CORP              | US        |     30000 | PA      | $30018.75     | 0.05%             | 2028-07-21      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| FOUNDATION BUILDING M          | Foundation Building Materials Inc                                                | CUSIP: 350392AA4<br>LEI: 549300ZVE6MONHB01I28 | Long             | DBT              | CORP              | US        |     70000 | PA      | $65652.03     | 0.11%             | 2029-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Opal US LLC                    | OPA 03/31/32                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    120000 | PA      | $120450.00    | 0.21%             | 2032-04-23      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA            | Altice Financing SA                                                              | CUSIP: 02154CAF0<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |     57000 | PA      | $45683.18     | 0.08%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS       | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBH2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    343000 | PA      | $326028.36    | 0.56%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC              | Herc Holdings Inc                                                                | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    115000 | PA      | $119084.11    | 0.21%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC              | Post Holdings Inc                                                                | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    100000 | PA      | $92431.46     | 0.16%             | 2031-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KOHL'S CORPORATION             | Kohl's Corp                                                                      | CUSIP: 500255AY0<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |     35000 | PA      | $36351.74     | 0.06%             | 2030-06-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co LLC                                                         | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    175000 | PA      | $181833.23    | 0.31%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TEGNA INC                      | TEGNA Inc                                                                        | CUSIP: 87901JAJ4<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |     95000 | PA      | $92218.08     | 0.16%             | 2028-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL           | Edison International                                                             | CUSIP: 281020AX5<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    190000 | PA      | $186309.35    | 0.32%             | 2053-06-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: —       |
| SUNCOKE ENERGY INC             | SunCoke Energy Inc                                                               | CUSIP: 86722AAD5<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | DBT              | CORP              | US        |    330000 | PA      | $301773.48    | 0.52%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC                     | Arcosa Inc                                                                       | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |     90000 | PA      | $92974.59     | 0.16%             | 2032-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC              | Iron Mountain Inc                                                                | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |     91000 | PA      | $89428.60     | 0.15%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EDGEWELL PERSONAL CARE         | Edgewell Personal Care Co                                                        | CUSIP: 28035QAA0<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |    178000 | PA      | $176661.52    | 0.30%             | 2028-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS       | Univision Communications Inc                                                     | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     65000 | PA      | $67444.06     | 0.12%             | 2032-08-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| KNIFE RIVER CORP               | Knife River Corp                                                                 | CUSIP: 498894AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $146896.96    | 0.25%             | 2031-05-01      | Fixed         | 7.75%                 | No            |                  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        |     40000 | PA      | $38494.38     | 0.07%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MIWD HLDCO II/MIWD FIN         | MIWD Holdco II LLC / MIWD Finance Corp                                           | CUSIP: 55337PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $285552.78    | 0.49%             | 2030-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HILLENBRAND INC                | Hillenbrand Inc                                                                  | CUSIP: 431571AF5<br>LEI: U246OE781574J2BUD366 | Long             | DBT              | CORP              | US        |    180000 | PA      | $182304.18    | 0.31%             | 2029-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC            | Sirius XM Radio LLC                                                              | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    242000 | PA      | $230332.58    | 0.40%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING       | JH North America Holdings Inc                                                    | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35362.78     | 0.06%             | 2032-07-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS INC          | Bath & Body Works Inc                                                            | CUSIP: 532716AK3<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |     77000 | PA      | $79160.90     | 0.14%             | 2033-03-01      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL        | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327TAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $136927.10    | 0.24%             | 2032-06-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC           | Alpha Generation LLC                                                             | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    195000 | PA      | $199547.99    | 0.34%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL           | Edison International                                                             | CUSIP: 281020AY3<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |     95000 | PA      | $94348.69     | 0.16%             | 2028-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC          | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAE7<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    205000 | PA      | $211313.59    | 0.36%             | 2030-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| AHLSTROM HLDG 3 OY             | Ahlstrom Holding 3 Oy                                                            | CUSIP: 84612JAA0<br>LEI: 743700UEY0YM039XN974 | Long             | DBT              | CORP              | FI        |    165000 | PA      | $158182.25    | 0.27%             | 2028-02-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MITER BRAND / MIWD BORR        | Miter Brands Acquisition Holdco Inc / MIWD Borrower LLC                          | CUSIP: 60672JAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $91888.65     | 0.16%             | 2032-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GARRETT MOTION HLD/SARL        | Garrett Motion Holdings Inc / Garrett LX I Sarl                                  | CUSIP: 366504AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    255000 | PA      | $264631.38    | 0.46%             | 2032-05-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC            | Axon Enterprise Inc                                                              | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    160000 | PA      | $163408.22    | 0.28%             | 2030-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES DREDGE&DOCK        | Great Lakes Dredge & Dock Corp                                                   | CUSIP: 390607AF6<br>LEI: 549300H65E3MZ1CX0P05 | Long             | DBT              | CORP              | US        |    328000 | PA      | $310681.34    | 0.54%             | 2029-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US       | Sealed Air Corp/Sealed Air Corp US                                               | CUSIP: 812127AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    180000 | PA      | $187092.90    | 0.32%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                 | 1261229 BC Ltd                                                                   | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    205000 | PA      | $208708.22    | 0.36%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN          | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102BT3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     54000 | PA      | $53651.94     | 0.09%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC       | Celanese US Holdings LLC                                                         | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    135000 | PA      | $136159.25    | 0.23%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| BOMBARDIER INC                 | Bombardier Inc                                                                   | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     25000 | PA      | $25862.23     | 0.04%             | 2032-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| CNTRL PARENT/CDK GLB INC       | Central Parent Inc / CDK Global Inc                                              | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $65734.17     | 0.11%             | 2029-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC              | Nexstar Media Inc                                                                | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    483000 | PA      | $469448.66    | 0.81%             | 2028-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| WYNN RESORTS FINANCE LLC       | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $267918.25    | 0.46%             | 2029-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                   | SM Energy Co                                                                     | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    160000 | PA      | $158435.41    | 0.27%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WAND NEWCO 3 INC               | Wand NewCo 3 Inc                                                                 | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |     75000 | PA      | $78747.83     | 0.14%             | 2032-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| ASTON MARTIN CAPITAL HOL       | Aston Martin Capital Holdings Ltd                                                | CUSIP: 04625HAJ8<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |    200000 | PA      | $190751.51    | 0.33%             | 2029-03-31      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC          | Caesars Entertainment Inc                                                        | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    165000 | PA      | $168269.69    | 0.29%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C       | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     32000 | PA      | $33598.94     | 0.06%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DREYFUS GOVERNMENT CASH MANAGE | DREYFUS GOVERNMENT CASH MANAGE                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1712381 | NS      | $1712380.68   | 2.95%             |  |  |  | No            |                  2 | On Loan: No      |
| SITIO ROYAL OP / SIT FIN       | Sitio Royalties Operating Partnership LP / Sitio Finance Corp                    | CUSIP: 82983MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    171000 | PA      | $178407.38    | 0.31%             | 2028-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                  | DISH DBS Corp                                                                    | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $71487.77     | 0.12%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KIOXIA HOLDINGS CORP           | Kioxia Holdings Corp                                                             | CUSIP: 49726JAB4<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |    275000 | PA      | $272118.83    | 0.47%             | 2033-07-24      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| TMS INTERNATIONAL CORP         | TMS International Corp/DE                                                        | CUSIP: 87261QAC7<br>LEI: 549300L4K0F1YF8WKF23 | Long             | DBT              | CORP              | US        |    197000 | PA      | $187556.14    | 0.32%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                  | Nordstrom Inc                                                                    | CUSIP: 655664AT7<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    128000 | PA      | $116059.88    | 0.20%             | 2030-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ENDO FINANCE HOLDINGS          | Endo Finance Holdings Inc                                                        | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $234043.04    | 0.40%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN       | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAX1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $71204.49     | 0.12%             | 2032-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Fortress Intermediate 3 Inc    | FORTRESS INTER 06/27/31                                                          | CUSIP: 34966LAD6<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | LON              | CORP              | US        |    258050 | PA      | $258050.00    | 0.45%             | 2031-06-27      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC              | Rakuten Group Inc                                                                | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    275000 | PA      | $301102.24    | 0.52%             | 2029-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST       | Service Properties Trust                                                         | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    110000 | PA      | $117143.18    | 0.20%             | 2031-11-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR       | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622FAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $152204.45    | 0.26%             | 2034-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| NESCO HOLDINGS II INC          | NESCO Holdings II Inc                                                            | CUSIP: 64083YAA9<br>LEI: 254900FAHT0HW9T6L409 | Long             | DBT              | CORP              | US        |    193000 | PA      | $188176.63    | 0.32%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC         | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    355000 | PA      | $370707.80    | 0.64%             | 2032-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ARKO CORP                      | Arko Corp                                                                        | CUSIP: 041242AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    101000 | PA      | $82801.54     | 0.14%             | 2029-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC         | Group 1 Automotive Inc                                                           | CUSIP: 398905AN9<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |     90000 | PA      | $86775.39     | 0.15%             | 2028-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC         | Match Group Holdings II LLC                                                      | CUSIP: 57665RAJ5<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |     96000 | PA      | $95698.61     | 0.17%             | 2029-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC         | SCIH Salt Holdings Inc                                                           | CUSIP: 78433BAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    377000 | PA      | $372693.91    | 0.64%             | 2029-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC         | Match Group Holdings II LLC                                                      | CUSIP: 57665RAL0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    214000 | PA      | $199580.96    | 0.34%             | 2030-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM        | United Rentals North America Inc                                                 | CUSIP: 911365BN3<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    156000 | PA      | $147584.63    | 0.25%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP       | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $185167.65    | 0.32%             | 2035-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC               | CSC Holdings LLC                                                                 | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    475000 | PA      | $375286.34    | 0.65%             | 2029-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNDER ARMOUR INC               | Under Armour Inc                                                                 | CUSIP: 904311AD9<br>LEI: 549300D4549QKWETZ406 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86722.99     | 0.15%             | 2030-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                   | Fibercop SpA                                                                     | CUSIP: 683879AH3<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |     17000 | PA      | $16915.60     | 0.03%             | 2038-06-04      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                   | US Foods Inc                                                                     | CUSIP: 90290MAE1<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    283000 | PA      | $272612.37    | 0.47%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Virgin Media Bristol LLC       | VIRGIN MEDIA BRI 01/31/29                                                        | CUSIP: 000000000<br>LEI: 213800IQ982XX69LE276 | Long             | LON              | CORP              | US        |    285000 | PA      | $282902.12    | 0.49%             | 2029-01-31      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| SLM CORP                       | SLM Corp                                                                         | CUSIP: 78442PGF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $83100.64     | 0.14%             | 2030-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MASTERBRAND INC                | Masterbrand Inc                                                                  | CUSIP: 57638PAA2<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | DBT              | CORP              | US        |    220000 | PA      | $223572.58    | 0.39%             | 2032-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| INNOPHOS HOLDINGS INC          | Innophos Holdings Inc                                                            | CUSIP: 45774NAD0<br>LEI: XQ0331QX53IRX25OY417 | Long             | DBT              | CORP              | US        |    252770 | PA      | $255874.02    | 0.44%             | 2029-06-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC            | Station Casinos LLC                                                              | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    138000 | PA      | $129144.20    | 0.22%             | 2031-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC          | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAB3<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    140000 | PA      | $134086.69    | 0.23%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES/ESCR       | Windstream Services LLC / Windstream Escrow Finance Corp                         | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $183205.75    | 0.32%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY         | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 01309QAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    268000 | PA      | $272158.38    | 0.47%             | 2028-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PARADIGM PRNT/CO-ISSUER        | PARADIGM PARENT LLC AND PARADIGM PARENT CO-ISSUER INC                            | CUSIP: 69902PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $72204.00     | 0.12%             | 2032-04-17      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Dcert Buyer Inc                | DCERT BUYE 10/16/26                                                              | CUSIP: 24022KAB5<br>LEI: 549300EF826JEEUCHZ67 | Long             | LON              | CORP              | US        |    228194 | PA      | $227979.68    | 0.39%             | 2026-10-16      | Floating      | 8.33%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC        | Macy's Retail Holdings LLC                                                       | CUSIP: 55617LAS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $55209.50     | 0.10%             | 2033-08-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING         | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    270000 | PA      | $275346.99    | 0.48%             | 2029-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| STARWOOD PROPERTY TRUST        | Starwood Property Trust Inc                                                      | CUSIP: 85571BBC8<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176718.20    | 0.30%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FRST STU BID/FRST TRANS        | First Student Bidco Inc / First Transit Parent Inc                               | CUSIP: 337120AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    258000 | PA      | $243316.39    | 0.42%             | 2029-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL        | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $239063.15    | 0.41%             | 2032-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                    | Staples Inc                                                                      | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |    310000 | PA      | $290675.04    | 0.50%             | 2029-09-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC              | Post Holdings Inc                                                                | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    195000 | PA      | $194852.99    | 0.34%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STOR              | Seagate Data Storage Technology Pte Ltd                                          | CUSIP: 81180LAN5<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |     68000 | PA      | $60014.59     | 0.10%             | 2031-01-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP         | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AM6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    440000 | PA      | $453194.74    | 0.78%             | 2028-06-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| CNT PRNT/CDK GLO II/FIN        | Central Parent LLC / CDK Global II LLC / CDK Financing Co Inc                    | CUSIP: 154915AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $203594.50    | 0.35%             | 2029-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP         | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AP9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $68241.94     | 0.12%             | 2030-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP              | CLARIOS GL 01/14/32                                                              | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |    165000 | PA      | $165068.81    | 0.28%             | 2032-01-28      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                  | DISH DBS Corp                                                                    | CUSIP: 25470XBB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    245000 | PA      | $188037.50    | 0.32%             | 2028-07-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                | CVS Health Corp                                                                  | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56586.20     | 0.10%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC            | Axon Enterprise Inc                                                              | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76835.27     | 0.13%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| XHR LP                         | XHR LP                                                                           | CUSIP: 98372MAE5<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60982.62     | 0.11%             | 2030-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PATTERSON-UTI ENERGY INC       | Patterson-UTI Energy Inc                                                         | CUSIP: 703481AD3<br>LEI: 254900XGFBKIXD6G0697 | Long             | DBT              | CORP              | US        |    256000 | PA      | $264859.93    | 0.46%             | 2033-10-01      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC              | Newell Brands Inc                                                                | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    120000 | PA      | $125744.82    | 0.22%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                   | Calpine Corp                                                                     | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    120000 | PA      | $119419.44    | 0.21%             | 2028-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                      | PG&E Corp                                                                        | CUSIP: 69331CAH1<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    220000 | PA      | $214648.28    | 0.37%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN TITAN FIN LTD       | Transocean Titan Financing Ltd                                                   | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    136619 | PA      | $140013.62    | 0.24%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN          | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |     25000 | PA      | $26326.00     | 0.05%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS       | LCM Investments Holdings II LLC                                                  | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    215000 | PA      | $227323.80    | 0.39%             | 2031-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                | Nissan Motor Co Ltd                                                              | CUSIP: 654922AC7<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |     55000 | PA      | $56936.74     | 0.10%             | 2032-07-17      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                  | UniCredit SpA                                                                    | CUSIP: 904678AQ2<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |     95000 | PA      | $100710.84    | 0.17%             | 2034-04-02      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| STENA INTERNATIONAL SA         | Stena International SA                                                           | CUSIP: 85858EAD5<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |    225000 | PA      | $228639.38    | 0.39%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL               | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    136000 | PA      | $132364.27    | 0.23%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DELUXE CORP                    | Deluxe Corp                                                                      | CUSIP: 248019AW1<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66916.59     | 0.12%             | 2029-09-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| ENCINO ACQUISITION PARTN       | Encino Acquisition Partners Holdings LLC                                         | CUSIP: 29254BAB3<br>LEI: 549300BUKUEKT2UE4T49 | Long             | DBT              | CORP              | US        |    225000 | PA      | $248293.35    | 0.43%             | 2031-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| OSCAR ACQUISITIONCO LLC        | Oscar AcquisitionCo LLC / Oscar Finance Inc                                      | CUSIP: 687785AB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $121454.03    | 0.21%             | 2030-04-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VICTORIA'S SECRET & CO         | Victoria's Secret & Co                                                           | CUSIP: 926400AA0<br>LEI: 5493006T3O70U3UWVF17 | Long             | DBT              | CORP              | US        |    125000 | PA      | $116326.38    | 0.20%             | 2029-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ANTARES HOLDINGS               | Antares Holdings LP                                                              | CUSIP: 03666HAF8<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52706.22     | 0.09%             | 2028-08-11      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD            | NCL Corp Ltd                                                                     | CUSIP: 62886HBP5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $253003.50    | 0.44%             | 2030-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA               | Altice France SA                                                                 | CUSIP: 02156LAC5<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    538000 | PA      | $478147.50    | 0.83%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SUNRISE FINCO I BV             | Sunrise FinCo I BV                                                               | CUSIP: 90320BAA7<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |    304000 | PA      | $286550.40    | 0.49%             | 2031-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| COMPASS MINERALS INTERNA       | Compass Minerals International Inc                                               | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |    105000 | PA      | $108783.45    | 0.19%             | 2030-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC       | Celanese US Holdings LLC                                                         | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    115000 | PA      | $116293.87    | 0.20%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC         | Comstock Resources Inc                                                           | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    330000 | PA      | $326270.64    | 0.56%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NGPL PIPECO LLC                | NGPL PipeCo LLC                                                                  | CUSIP: 62912XAC8<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |    125000 | PA      | $141462.62    | 0.24%             | 2037-12-15      | Fixed         | 7.77%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE       | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 05971PAE8<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    130000 | PA      | $133073.23    | 0.23%             | N/A             | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS       | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 29103CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    235000 | PA      | $239608.12    | 0.41%             | 2030-12-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| OT MIDCO INC                   | OT Midco Inc                                                                     | CUSIP: 68877AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $110022.30    | 0.19%             | 2030-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS         | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    337000 | PA      | $324176.00    | 0.56%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| COGENT COMMS GRP / FIN         | Cogent Communications Group LLC / Cogent Finance Inc                             | CUSIP: 19240WAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $29399.49     | 0.05%             | 2032-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS       | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    248000 | PA      | $216944.20    | 0.37%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC         | SCIH Salt Holdings Inc                                                           | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      8000 | PA      | $7767.75      | 0.01%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMED       | AmeriTex HoldCo Intermediate LLC                                                 | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $116951.45    | 0.20%             | 2033-08-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| DIAMOND FRGN/DIAMOND FIN       | Diamond Foreign Asset Co / Diamond Finance LLC                                   | CUSIP: 25260WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    307000 | PA      | $319968.60    | 0.55%             | 2030-10-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SALLY HOLDINGS/SALLY CAP       | Sally Holdings LLC / Sally Capital Inc                                           | CUSIP: 79546VAQ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    301000 | PA      | $308926.23    | 0.53%             | 2032-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| BLACKROCK TREASURY TRUST       | BLACKROCK TREASURY TRUST                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    592132 | NS      | $592131.78    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TRI POINTE HOMES INC           | Tri Pointe Homes Inc                                                             | CUSIP: 87265HAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     79000 | PA      | $79813.38     | 0.14%             | 2028-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| DANA INC                       | Dana Inc                                                                         | CUSIP: 235825AH9<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |     72000 | PA      | $70854.03     | 0.12%             | 2030-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANC               | Credit Acceptance Corp                                                           | CUSIP: 225310AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    245000 | PA      | $259108.08    | 0.45%             | 2028-12-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC         | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $191119.62    | 0.33%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                 | Gray Media Inc                                                                   | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    155000 | PA      | $114380.41    | 0.20%             | 2031-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C       | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    213000 | PA      | $202786.86    | 0.35%             | 2029-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC         | Cloud Software Group Inc                                                         | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    220000 | PA      | $234262.82    | 0.40%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY        | Howard Midstream Energy Partners LLC                                             | CUSIP: 442722AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $172043.85    | 0.30%             | 2028-07-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| MATIV HOLDINGS INC             | Mativ Holdings Inc                                                               | CUSIP: 808541AC0<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |    240000 | PA      | $216434.58    | 0.37%             | 2029-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC         | Cloud Software Group Inc                                                         | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    165000 | PA      | $170752.07    | 0.29%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| RANGE RESOURCES CORP           | Range Resources Corp                                                             | CUSIP: 75281ABK4<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |     76000 | PA      | $73876.88     | 0.13%             | 2030-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Directv Financing LLC          | DIRECTV FINA 08/02/29                                                            | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    296836 | PA      | $294239.14    | 0.51%             | 2029-08-02      | Floating      | 9.79%                 | No            |                  2 | On Loan: No      |
| ELANCO ANIMAL HEALTH INC       | Elanco Animal Health Inc                                                         | CUSIP: 28414HAG8<br>LEI: 549300SHPNDCE059M934 | Long             | DBT              | CORP              | US        |    193000 | PA      | $199601.18    | 0.34%             | 2028-08-28      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC         | Energizer Holdings Inc                                                           | CUSIP: 29272WAC3<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    159000 | PA      | $154463.06    | 0.27%             | 2028-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC              | Herc Holdings Inc                                                                | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76784.40     | 0.13%             | 2029-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CARRIAGE SERVICES INC          | Carriage Services Inc                                                            | CUSIP: 143905AP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    173000 | PA      | $161913.23    | 0.28%             | 2029-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INFO MGMT        | Iron Mountain Information Management Services Inc                                | CUSIP: 46285MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $90658.55     | 0.16%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC               | Arches Buyer Inc                                                                 | CUSIP: 039524AB9<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |    192000 | PA      | $183240.63    | 0.32%             | 2028-12-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN       | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 69867DAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     81000 | PA      | $81493.21     | 0.14%             | 2027-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BORR IHC LTD / BORR FIN        | Borr IHC Ltd / Borr Finance LLC                                                  | CUSIP: 100018AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    111052 | PA      | $106181.46    | 0.18%             | 2028-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| WE SODA INV HOLDING PLC        | WE Soda Investments Holding PLC                                                  | CUSIP: 92943TAC7<br>LEI: 984500SE38C07DB47A90 | Long             | DBT              | CORP              | GB        |    185000 | PA      | $193726.50    | 0.33%             | 2031-02-14      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION       | Hess Midstream Operations LP                                                     | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $133913.13    | 0.23%             | 2029-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                 | Gray Media Inc                                                                   | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    120000 | PA      | $119368.87    | 0.21%             | 2033-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC         | CACI International Inc                                                           | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |    190000 | PA      | $194282.79    | 0.34%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC         | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 004961AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    245000 | PA      | $248062.21    | 0.43%             | 2032-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                 | Whirlpool Corp                                                                   | CUSIP: 963320BE5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68976.55     | 0.12%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC         | Penn Entertainment Inc                                                           | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    132000 | PA      | $122344.26    | 0.21%             | 2029-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANC               | Credit Acceptance Corp                                                           | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $91140.30     | 0.16%             | 2030-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST       | Service Properties Trust                                                         | CUSIP: 81761LAE2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    325000 | PA      | $339831.70    | 0.59%             | 2032-06-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC              | Iron Mountain Inc                                                                | CUSIP: 46284VAL5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    211000 | PA      | $208248.60    | 0.36%             | 2032-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE       | Walgreens Boots Alliance Inc                                                     | CUSIP: 931427AC2<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |     85000 | PA      | $83207.78     | 0.14%             | 2044-11-18      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| VFH PARENT / VALOR CO          | VFH Parent LLC / Valor Co-Issuer Inc                                             | CUSIP: 91824YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    197000 | PA      | $204969.45    | 0.35%             | 2031-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP          | Freedom Mortgage Corp                                                            | CUSIP: 35640YAK3<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    313000 | PA      | $334758.82    | 0.58%             | 2028-10-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| INSULET CORPORATION            | Insulet Corp                                                                     | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |    240000 | PA      | $246701.76    | 0.43%             | 2033-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC         | Venture Global LNG Inc                                                           | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    257000 | PA      | $265830.01    | 0.46%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP               | Lamar Media Corp                                                                 | CUSIP: 513075BT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $237211.43    | 0.41%             | 2030-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA            | Altice Financing SA                                                              | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    347000 | PA      | $265760.74    | 0.46%             | 2029-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                   | Magnera Corp                                                                     | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |    390000 | PA      | $367087.50    | 0.63%             | 2031-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NCR VOYIX CORP                 | NCR Voyix Corp                                                                   | CUSIP: 62886EBA5<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |     46000 | PA      | $45081.09     | 0.08%             | 2029-04-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LifePoint Health Inc           | LIFEPOINT HEALTH 05/19/31                                                        | CUSIP: 75915TAL6<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |    159200 | PA      | $158205.00    | 0.27%             | 2031-05-19      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER       | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $45653.58     | 0.08%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Champ Acquisition Corp         | CHAMP ACQUISITIO 11/25/31                                                        | CUSIP: 15807EAH5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    138250 | PA      | $138855.54    | 0.24%             | 2031-11-25      | Floating      | 8.31%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD          | Mineral Resources Ltd                                                            | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    513000 | PA      | $536163.08    | 0.93%             | 2028-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| First Student Bidco Inc        | FIRST STUDENT BI 07/21/28                                                        | CUSIP: 33718FAK6<br>LEI: 2549006DRO2F06AA1391 | Long             | LON              | CORP              | US        |     99750 | PA      | $99812.34     | 0.17%             | 2028-07-21      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN       | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $107221.28    | 0.19%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PHINIA INC                     | Phinia Inc                                                                       | CUSIP: 71880KAB7<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66214.69     | 0.11%             | 2032-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC              | Post Holdings Inc                                                                | CUSIP: 737446AP9<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    193000 | PA      | $191327.04    | 0.33%             | 2029-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| QVC INC                        | QVC Inc                                                                          | CUSIP: 747262AW3<br>LEI: 549300WBLU5NKPX5X472 | Long             | DBT              | CORP              | US        |     50000 | PA      | $21500.00     | 0.04%             | 2034-08-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC         | Cloud Software Group Inc                                                         | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    366000 | PA      | $369617.91    | 0.64%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CASCADES INC/USA INC           | Cascades Inc/Cascades USA Inc                                                    | CUSIP: 14739LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    245000 | PA      | $239562.91    | 0.41%             | 2028-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STOR              | Seagate Data Storage Technology Pte Ltd                                          | CUSIP: 81180LAQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |     25000 | PA      | $26403.06     | 0.05%             | 2031-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                   | ADT Security Corp/The                                                            | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    197000 | PA      | $188456.07    | 0.33%             | 2029-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SC GAMES HOLDIN/US FINCO       | Scientific Games Holdings LP/Scientific Games US FinCo Inc                       | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    248000 | PA      | $238911.42    | 0.41%             | 2030-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                 | Azorra Finance Ltd                                                               | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    185000 | PA      | $192680.83    | 0.33%             | 2030-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC              | Lithia Motors Inc                                                                | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    127000 | PA      | $119461.28    | 0.21%             | 2031-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP             | CNX Resources Corp                                                               | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72170.42     | 0.12%             | 2032-03-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC                | Global Atlantic Fin Co                                                           | CUSIP: 37959GAC1<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    130000 | PA      | $127253.27    | 0.22%             | 2051-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| S&S HOLDINGS LLC               | S&S Holdings LLC                                                                 | CUSIP: 78525CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $258686.56    | 0.45%             | 2031-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA VEND FIN IV       | Virgin Media Vendor Financing Notes IV DAC                                       | CUSIP: 92770QAA5<br>LEI: 635400ZZNJSEA4CAJR23 | Long             | DBT              | CORP              | IE        |     79000 | PA      | $76613.65     | 0.13%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARTERA SERVICES LLC            | Artera Services LLC                                                              | CUSIP: 04302XAA2<br>LEI: 549300J2G34D0WX8Z443 | Long             | DBT              | CORP              | US        |    401000 | PA      | $332085.22    | 0.57%             | 2031-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP       | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    299000 | PA      | $287904.47    | 0.50%             | 2034-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC            | Churchill Downs Inc                                                              | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    126000 | PA      | $125688.82    | 0.22%             | 2030-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV        | VZ Secured Financing BV                                                          | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |    359000 | PA      | $315720.14    | 0.54%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP          | Freedom Mortgage Corp                                                            | CUSIP: 35640YAH0<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |     87000 | PA      | $87377.41     | 0.15%             | 2026-05-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                     | Terex Corp                                                                       | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |    345000 | PA      | $345537.33    | 0.60%             | 2032-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC               | CSC Holdings LLC                                                                 | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    176000 | PA      | $170353.59    | 0.29%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                | CVS Health Corp                                                                  | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45037.26     | 0.08%             | 2054-12-10      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DENTSPLY SIRONA INC            | DENTSPLY SIRONA Inc                                                              | CUSIP: 24906PAB5<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |    135000 | PA      | $136107.27    | 0.23%             | 2055-09-12      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC            | Sirius XM Radio LLC                                                              | CUSIP: 82967NBL1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68427.39     | 0.12%             | 2026-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                     | goeasy Ltd                                                                       | CUSIP: 380355AM9<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    160000 | PA      | $160308.32    | 0.28%             | 2030-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co LLC                                                         | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     87000 | PA      | $84303.57     | 0.15%             | 2029-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC              | Iron Mountain Inc                                                                | CUSIP: 46284VAN1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    221000 | PA      | $209002.15    | 0.36%             | 2031-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MOSS CREEK RESOURCES HLD       | Moss Creek Resources Holdings Inc                                                | CUSIP: 61965RAC9<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |    385000 | PA      | $375814.25    | 0.65%             | 2031-09-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP           | OneMain Finance Corp                                                             | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    125000 | PA      | $129040.63    | 0.22%             | 2031-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL           | Edison International                                                             | CUSIP: 281020AM9<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    162000 | PA      | $157072.04    | 0.27%             | 2028-03-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                     | PacifiCorp                                                                       | CUSIP: 695114DF2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112613.52    | 0.19%             | 2055-09-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD          | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |     90000 | PA      | $93805.81     | 0.16%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC          | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $149478.28    | 0.26%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| WASH MULTIFAM ACQ INC          | WASH Multifamily Acquisition Inc                                                 | CUSIP: 93710WAA3<br>LEI: 549300AS7PRY5PHG6L12 | Long             | DBT              | CORP              | US        |    366000 | PA      | $365969.51    | 0.63%             | 2026-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| XHR LP                         | XHR LP                                                                           | CUSIP: 98372MAC9<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              | CORP              | US        |     84000 | PA      | $81075.02     | 0.14%             | 2029-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Sally Holdings LLC             | SALLY HOLDINGS 0 02/28/30                                                        | CUSIP: 79546KAK6<br>LEI: 3GM3SMNQ8UJOJU9DFN26 | Long             | LON              | CORP              | US        |     48832 | PA      | $48954.56     | 0.08%             | 2030-02-28      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                 | Transocean Inc                                                                   | CUSIP: 893830BZ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |     55000 | PA      | $50532.14     | 0.09%             | 2031-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AMN HEALTHCARE INC             | AMN Healthcare Inc                                                               | CUSIP: 00175PAC7<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |     79000 | PA      | $72557.83     | 0.13%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE        | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    127000 | PA      | $121590.90    | 0.21%             | 2029-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I       | Performance Food Group Inc                                                       | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    317000 | PA      | $304774.80    | 0.53%             | 2029-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE          | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    185000 | PA      | $190310.53    | 0.33%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC             | Vodafone Group PLC                                                               | CUSIP: 92857WBQ2<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $104499.30    | 0.18%             | 2079-04-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                  | CommScope LLC                                                                    | CUSIP: 20338QAA1<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90207.90     | 0.16%             | 2027-03-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC              | Waste Pro USA Inc                                                                | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |    165000 | PA      | $171197.90    | 0.30%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN        | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $76753.58     | 0.13%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                 | Brink's Co/The                                                                   | CUSIP: 109696AC8<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    140000 | PA      | $143430.00    | 0.25%             | 2029-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC              | Lithia Motors Inc                                                                | CUSIP: 536797AG8<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |     35000 | PA      | $32978.00     | 0.06%             | 2029-06-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| INEOS US Petrochem LLC         | INEOS US PETROCH 04/02/29                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    188568 | PA      | $173482.41    | 0.30%             | 2029-03-29      | Floating      | 8.68%                 | No            |                  2 | On Loan: No      |
| VALARIS LTD                    | Valaris Ltd                                                                      | CUSIP: 91889FAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     70000 | PA      | $72302.32     | 0.12%             | 2030-04-30      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AC8<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |      8000 | PA      | $7915.08      | 0.01%             | 2028-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI       | Standard Building Solutions Inc                                                  | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45428.68     | 0.08%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VALVOLINE INC                  | Valvoline Inc                                                                    | CUSIP: 92047WAG6<br>LEI: 549300CMHPBEY6VPOT75 | Long             | DBT              | CORP              | US        |    220000 | PA      | $198042.28    | 0.34%             | 2031-06-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STOR              | Seagate Data Storage Technology Pte Ltd                                          | CUSIP: 81180LAK1<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    156000 | PA      | $149076.03    | 0.26%             | 2029-06-01      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| PRIMO / TRITON WATER HLD       | Primo Water Holdings Inc / Triton Water Holdings Inc                             | CUSIP: 74168RAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    254000 | PA      | $245009.11    | 0.42%             | 2029-04-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL               | Paramount Global                                                                 | CUSIP: 92553PBC5<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    200000 | PA      | $192750.00    | 0.33%             | 2057-02-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC            | United Airlines Inc                                                              | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |     69000 | PA      | $67379.54     | 0.12%             | 2029-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION         | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    130000 | PA      | $133160.30    | 0.23%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    269000 | PA      | $244081.02    | 0.42%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PHINIA INC                     | Phinia Inc                                                                       | CUSIP: 71880KAA9<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102908.90    | 0.18%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GLOBAL AUTO HO/AAG FH UK       | Global Auto Holdings Ltd/AAG FH UK Ltd                                           | CUSIP: 00033YAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |     65000 | PA      | $64518.18     | 0.11%             | 2029-08-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC               | DT Midstream Inc                                                                 | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $134828.34    | 0.23%             | 2029-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| VICTRA HLDG/VICTRA FIN         | Victra Holdings LLC / Victra Finance Corp                                        | CUSIP: 92648DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $89082.89     | 0.15%             | 2029-09-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER         | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BN0<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    115000 | PA      | $111562.79    | 0.19%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA FINANCE PLC       | Virgin Media Finance PLC                                                         | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |    243000 | PA      | $219048.24    | 0.38%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS       | LCM Investments Holdings II LLC                                                  | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    197000 | PA      | $191448.78    | 0.33%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    158000 | PA      | $136141.06    | 0.23%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| COMPASS MINERALS INTERNA       | Compass Minerals International Inc                                               | CUSIP: 20451NAG6<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |     93000 | PA      | $92914.00     | 0.16%             | 2027-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PIKE CORP                      | Pike Corp                                                                        | CUSIP: 721283AB5<br>LEI: 549300P4EKEP6HK0NC58 | Long             | DBT              | CORP              | US        |    372000 | PA      | $400027.22    | 0.69%             | 2031-01-31      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                  | EchoStar Corp                                                                    | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    415000 | PA      | $437306.25    | 0.75%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| NORDSTROM INC                  | Nordstrom Inc                                                                    | CUSIP: 655664AR1<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    105000 | PA      | $70612.50     | 0.12%             | 2044-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO        | Allied Universal Holdco LLC                                                      | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    420000 | PA      | $440427.54    | 0.76%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| AEGEA FINANCE SARL             | Aegea Finance Sarl                                                               | CUSIP: 00775CAB2<br>LEI: 213800V6WTKUT1XWIZ47 | Long             | DBT              | CORP              | LU        |    195000 | PA      | $196781.33    | 0.34%             | 2029-05-20      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CASCADES INC/USA INC           | Cascades Inc/Cascades USA Inc                                                    | CUSIP: 14739LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     60000 | PA      | $59859.60     | 0.10%             | 2030-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LIGHTNING POWER LLC            | Lightning Power LLC                                                              | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |    140000 | PA      | $146365.52    | 0.25%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP             | Baytex Energy Corp                                                               | CUSIP: 07317QAJ4<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |     40000 | PA      | $40705.73     | 0.07%             | 2030-04-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| INSIGHT ENTERPRS               | Insight Enterprises Inc                                                          | CUSIP: 45765UAC7<br>LEI: 529900S8991TYW6YP792 | Long             | DBT              | CORP              | US        |    115000 | PA      | $117601.94    | 0.20%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CABLE ONE INC                  | Cable One Inc                                                                    | CUSIP: 12685JAC9<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |    386000 | PA      | $297235.05    | 0.51%             | 2030-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING       | JH North America Holdings Inc                                                    | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20068.48     | 0.03%             | 2031-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                   | Calpine Corp                                                                     | CUSIP: 131347CP9<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88450.83     | 0.15%             | 2029-02-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING         | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    335000 | PA      | $354823.29    | 0.61%             | 2033-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: —       |
| CARNIVAL CORP                  | Carnival Corp                                                                    | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    250000 | PA      | $251692.50    | 0.43%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Arches Buyer Inc               | ANCESTRY (ARCHES 12/06/27                                                        | CUSIP: 03952HAD6<br>LEI: 2549009ADY4208OH2Y47 | Long             | LON              | CORP              | US        |    333255 | PA      | $332607.36    | 0.57%             | 2027-12-06      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC          | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAG2<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    105000 | PA      | $106978.62    | 0.18%             | 2032-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC          | Nabors Industries Inc                                                            | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    410000 | PA      | $413793.97    | 0.71%             | 2027-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS       | Univision Communications Inc                                                     | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    185000 | PA      | $183984.35    | 0.32%             | 2030-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                  | CommScope LLC                                                                    | CUSIP: 203372AX5<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    118000 | PA      | $114583.90    | 0.20%             | 2029-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                  | Carnival Corp                                                                    | CUSIP: 143658BN1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     25000 | PA      | $25249.37     | 0.04%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS       | Univision Communications Inc                                                     | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     65000 | PA      | $60142.91     | 0.10%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS         | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |     75000 | PA      | $76482.08     | 0.13%             | 2033-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN        | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                            | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $92969.55     | 0.16%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER       | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    405000 | PA      | $416450.16    | 0.72%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| THOR INDUSTRIES                | Thor Industries Inc                                                              | CUSIP: 885160AA9<br>LEI: 254900XZO1228PDSG060 | Long             | DBT              | CORP              | US        |     47000 | PA      | $44099.07     | 0.08%             | 2029-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC       | Celanese US Holdings LLC                                                         | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    220000 | PA      | $229681.54    | 0.40%             | 2033-11-15      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-25

**Name of Applicant:** New York Life Investments Active ETF Trust

**Signature:** Adefolahan Oyefeso

**Name of Signer:** Adefolahan Oyefeso

**Title:** Director and Vice President, IndexIQ