# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001004726-26-001370
**Filing Date:** 2026-2
**Character Count:** 153612
**Document Hash:** 383a6ea6b209ee0852dec7c8acf21c61
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-001370.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001004726-26-001370

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS
- **CENTRAL INDEX KEY:** 0000802716

**ORGANIZATION NAME:**
- **EIN:** 316364605
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04852
- **FILM NUMBER:** 26695740

**BUSINESS ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144
- **BUSINESS PHONE:** 6144708000

**MAIL ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SOCIETY FUNDS
- **DATE OF NAME CHANGE:** 19940906

## Series and Classes Contracts Data

### Victory High Yield Fund (Series ID: S000053572)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168374 | Class A      | GUHYX           |
| C000168375 | Class C      | RHYCX           |
| C000168376 | Class R      | RHYKX           |
| C000168377 | Class Y      | RSYYX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-04852

- **c. CIK number of Registrant:** 0000802716

- **d. LEI of Registrant:** 549300V07N3HJP1EW330

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

  - **Street Address 1:** 15935 La Cantera Parkway Building Two

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 800-539-3863

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

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

- **b. EDGAR series identifier (if any):** S000053572

- **c. LEI of Series:** 549300YO611MKRHL4648

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

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

- **b. Date as of which information is reported:** 2025-12-31

**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:** $131279557.34

**Total Liabilities:** $9382065.94

**Net Assets:** $121897491.40

**Cash Not Reported:** $639832.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -37.80753545 | **1-Year:** -387.05642802 | **5-Year:** -985.16831555 | **10-Year:** -448.40366565 | **30-Year:** -99.42460793

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

- **3-Month:** -300.54204076 | **1-Year:** -7441.12616033 | **5-Year:** -18219.15341764 | **10-Year:** -5809.84131797 | **30-Year:** -485.16911574

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000168375 | 0.29%                | 0.61%                | 0.50%                |
| Class ID C000168374 | 0.17%                | 0.67%                | 0.74%                |
| Class ID C000168376 | 0.14%                | 0.64%                | 0.70%                |
| Class ID C000168377 | 0.37%                | 0.70%                | 0.76%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-627502.54              | $275238.92                                 |
| Month 2  | $102397.50               | $86150.65                                  |
| Month 3  | $110773.79               | $6217.72                                   |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TRANSDIGM INC.                                          | TRANSDIGM INC                                      | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    435000 | PA      | $445232.18    | 0.37%             | 2033-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| TKC HOLDINGS, INC.                                      | TKC HOLDINGS INC                                   | CUSIP: 87256FAJ3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    194074 | PA      | $194559.25    | 0.16%             | 2028-05-15      | Floating      | 8.72%                 | No            |                  2 | On Loan: No      |
| COVIS FINCO SARL                                        | COVIS FINCO SARL                                   | CUSIP: L3680LAH4<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   1423022 | PA      | $56920.90     | 0.05%             | 2027-02-18      | Floating      | 10.98%                | No            |                  3 | On Loan: No      |
| CSLB HOLDINGS INC.                                      | CSLB HOLDINGS INC                                  | CUSIP: 12655NA69<br>LEI: 549300Y54S9CQUBYDI75 | Long             | STIV             | CORP              | US        |    500000 | PA      | $499682.15    | 0.41%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CONAGRA BRANDS, INC.                                    | CONAGRA BRANDS INC                                 | CUSIP: 20600HA53<br>LEI: 54930035UDEIH090K650 | Long             | STIV             | CORP              | US        |   1100000 | PA      | $1099393.68   | 0.90%             |  |  |  | Yes           |                  2 | On Loan: No      |
| TAYLOR MORRISON COMMUNITIES, INC.                       | TAYLOR MORRISON COMMUNITIES INC                    | CUSIP: 87724RAJ1<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    188000 | PA      | $189182.99    | 0.16%             | 2030-08-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| GENESEE & WYOMING INC.                                  | GENESEE WYOMING INC                                | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |    369000 | PA      | $381001.57    | 0.31%             | 2032-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TRINET GROUP, INC.                                      | TRINET GROUP INC                                   | CUSIP: 896288AC1<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |    300000 | PA      | $309258.90    | 0.25%             | 2031-08-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| THE CHEMOURS COMPANY                                    | CHEMOURS CO THE                                    | CUSIP: 163851AJ7<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    843000 | PA      | $815214.68    | 0.67%             | 2033-01-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: —       |
| DCLI BIDCO LLC                                          | DCLI BIDCO LLC                                     | CUSIP: 233104AA6<br>LEI: 2549007UUVJTHHNK9T70 | Long             | DBT              | CORP              | US        |    349000 | PA      | $358477.91    | 0.29%             | 2029-11-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| NISSAN MOTOR CO., LTD.                                  | NISSAN MOTOR CO LTD                                | CUSIP: 654922AC7<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    203000 | PA      | $215178.25    | 0.18%             | 2032-07-17      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| THE E.W. SCRIPPS COMPANY                                | SCRIPPS ESCROW II INC                              | CUSIP: 81105DAB1<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |    143000 | PA      | $108308.55    | 0.09%             | 2031-01-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS, LLC                                       | CSC HOLDINGS LLC                                   | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    900000 | PA      | $670500.00    | 0.55%             | 2029-01-31      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| STANLEY BLACK & DECKER, INC.                            | STANLEY BLACK DECKER                               | CUSIP: 85462DA29<br>LEI: 549300DJ09SMTO561131 | Long             | STIV             | CORP              | US        |   1100000 | PA      | $1099760.86   | 0.90%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AMC NETWORKS INC.                                       | AMC NETWORKS INC                                   | CUSIP: 00164VAK9<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    317000 | PA      | $350492.49    | 0.29%             | 2032-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: —       |
| HILCORP ENERGY I, L.P.                                  | HILCORP ENERGY I LP HILCORP FINANCE CO             | CUSIP: 431318BG8<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    315000 | PA      | $299378.27    | 0.25%             | 2035-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| DIRECTV FINANCING, LLC                                  | DIRECTV HOLDINGS LLC DIRECTV FINANCING CO INC      | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $40222.52     | 0.03%             | 2027-08-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| BRIGHTSTAR LOTTERY PLC                                  | BRIGHTSTAR LOTTERY PLC BRIGHTSTAR GLOBAL           | CUSIP: 108922AA3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |    115000 | PA      | $114190.32    | 0.09%             | 2033-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| LEVEL 3 FINANCING, INC.                                 | LEVEL 3 FINANCING INC                              | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    306000 | PA      | $278465.09    | 0.23%             | 2029-07-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND                    | HSBC US GOVT MMKT-I                                | CUSIP: 40428X107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2020564 | NS      | $2020563.69   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                | CELANESE US HOLDINGS LLC                           | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    219000 | PA      | $231382.67    | 0.19%             | 2033-11-15      | Variable      | 7.20%                 | No            |                  2 | On Loan: —       |
| WESCO DISTRIBUTION, INC.                                | WESCO DISTRIBUTION INC                             | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    375000 | PA      | $380782.16    | 0.31%             | 2028-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| NRG ENERGY, INC.                                        | NRG ENERGY INC                                     | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301414.04    | 0.25%             | 2029-07-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| WarnerMedia Holdings, Inc.                              | WARNERMEDIA HOLDINGS INC                           | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    963000 | PA      | $680173.45    | 0.56%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| PEDIATRIX MEDICAL GROUP, INC.                           | MEDNAX INC                                         | CUSIP: 58502BAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $499081.34    | 0.41%             | 2030-02-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| NGPL PIPECO LLC                                         | NGPL PIPECO LLC                                    | CUSIP: 65346HA99<br>LEI: 549300K3NT1HSQFEM073 | Long             | STIV             | CORP              | US        |   1100000 | PA      | $1098871.51   | 0.90%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ATS CORPORATION                                         | ATS AUTOMATION TOOLING SYSTEMS INC                 | CUSIP: 001940AC9<br>LEI: 5493005KP4RP3IU7HQ41 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $146177.64    | 0.12%             | 2028-12-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| SYNERGY INFRASTRUCTURE HOLDINGS, LLC                    | SYNERGY INFRASTRUCTURE HOLDINGS LLC                | CUSIP: 87191JAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    109000 | PA      | $113321.72    | 0.09%             | 2030-12-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND          | GLDMN SCHS FIN SQ GV-FST                           | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2020564 | NS      | $2020563.69   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| THE E.W. SCRIPPS COMPANY                                | EW SCRIPPS CO THE                                  | CUSIP: 26928BAQ2<br>LEI: 549300U1OW41QPKYW028 | Long             | LON              | CORP              | US        |    242480 | PA      | $244557.57    | 0.20%             | 2028-06-30      | Floating      | 9.49%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD.                            | ROYAL CARIBBEAN CRUISES LTD                        | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1055000 | PA      | $1084707.46   | 0.89%             | 2033-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Bausch + Lomb Corporation                               | BAUSCH LOMB CORP                                   | CUSIP: C0787FAJ1<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |    149625 | PA      | $150971.63    | 0.12%             | 2031-01-15      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| LOUISIANA-PACIFIC CORPORATION                           | LOUISIANA PACIFIC CORP                             | CUSIP: 546347AM7<br>LEI: 549300C7E2UAO5BVRR75 | Long             | DBT              | CORP              | US        |    150000 | PA      | $145757.77    | 0.12%             | 2029-03-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Gray Media, Inc                                         | GRAY ESCROW II INC                                 | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    214000 | PA      | $160508.56    | 0.13%             | 2031-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| MATCH GROUP HOLDINGS II, LLC                            | MATCH GROUP INC                                    | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297174.32    | 0.24%             | 2028-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| VOYAGER PARENT, LLC                                     | VOYAGER PARENT LLC                                 | CUSIP: 92921HAC9<br>LEI: 2549002DYVI4ACSV4V71 | Long             | LON              | CORP              | US        |    200000 | PA      | $199896.00    | 0.16%             | 2032-05-09      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| VIKING OCEAN CRUISES SHIP VII LTD                       | VIKING OCEAN CRUISES SHIP VII LTD                  | CUSIP: 92682RAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    400000 | PA      | $400647.96    | 0.33%             | 2029-02-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                           | FORD MOTOR CREDIT CO LLC                           | CUSIP: 345397E66<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     13000 | PA      | $13200.45     | 0.01%             | 2034-03-08      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Viking Cruises Ltd                                      | VIKING CRUISES LTD                                 | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    134000 | PA      | $136250.12    | 0.11%             | 2033-10-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CORNERSTONE BUILDING BRANDS, INC.                       | CORNERSTONE BUILDING BRANDS INC                    | CUSIP: 21925DAB5<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |    879000 | PA      | $650464.62    | 0.53%             | 2029-08-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| THE GEO GROUP, INC.                                     | GEO GROUP INC THE                                  | CUSIP: 36162JAG1<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |     53000 | PA      | $55779.72     | 0.05%             | 2029-04-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| IVANHOE MINES LTD                                       | IVANHOE MINES LTD                                  | CUSIP: 46579RAE4<br>LEI: 5299006XZISURYIA4G32 | Long             | DBT              | CORP              | CA        |    143000 | PA      | $147597.44    | 0.12%             | 2030-01-23      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| DIEBOLD NIXDORF, INCORPORATED                           | DIEBOLD NIXDORF INC                                | CUSIP: 253651AK9<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |     36000 | PA      | $38315.46     | 0.03%             | 2030-03-31      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS, INC.                      | CHS COMMUNITY HEALTH SYSTEMS INC                   | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     65000 | PA      | $71035.56     | 0.06%             | 2032-01-15      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS, INC.                             | QUEEN MERGERCO INC                                 | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    233000 | PA      | $243451.94    | 0.20%             | 2032-04-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE, INC.                              | BUILDERS FIRSTSOURCE INC                           | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    473000 | PA      | $489621.28    | 0.40%             | 2034-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CENTENE CORPORATION                                     | CENTENE CORP                                       | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    751000 | PA      | $728240.25    | 0.60%             | 2029-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| LIGHT AND WONDER INTERNATIONAL, INC.                    | LIGHT WONDER INTERNATIONAL INC                     | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    160000 | PA      | $161917.54    | 0.13%             | 2033-10-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ACRISURE, LLC                                           | ACRISURE LLC ACRISURE FINANCE INC                  | CUSIP: 004961AA6<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25711.35     | 0.02%             | 2032-07-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| BOSTON PROPERTIES LIMITED PARTNERSHIP                   | BOSTON PROPERTIES LP                               | CUSIP: 10113CA89<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | STIV             | CORP              | US        |    750000 | PA      | $749352.98    | 0.61%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GEN DIGITAL INC.                                        | NORTONLIFELOCK INC                                 | CUSIP: 668771AL2<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82676.67     | 0.07%             | 2030-09-30      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| LEVEL 3 FINANCING, INC.                                 | LEVEL 3 FINANCING INC                              | CUSIP: 527298CQ4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112825.06    | 0.09%             | 2036-01-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                | SERVICE PROPERTIES TRUST                           | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    240000 | PA      | $252254.07    | 0.21%             | 2031-11-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| FORESTAR GROUP INC.                                     | FORESTAR GROUP INC                                 | CUSIP: 346232AG6<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |    258000 | PA      | $262671.24    | 0.22%             | 2033-03-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ARDONAGH FINCO LIMITED                                  | ARDONAGH FINCO LTD                                 | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    281000 | PA      | $294542.70    | 0.24%             | 2031-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER, LLC                               | GTCR W 2 MERGER SUB LLC                            | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |    977000 | PA      | $1038447.43   | 0.85%             | 2031-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| ALTA EQUIPMENT GROUP INC.                               | ALTA EQUIPMENT GROUP INC                           | CUSIP: 02128LAC0<br>LEI: 549300DGOB28CLGS1X27 | Long             | DBT              | CORP              | US        |     70000 | PA      | $63306.11     | 0.05%             | 2029-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: —       |
| UWM HOLDINGS, LLC                                       | UWM HOLDINGS LLC                                   | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    107000 | PA      | $106823.29    | 0.09%             | 2031-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD.                            | ROYAL CARIBBEAN CRUISES LTD                        | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     70000 | PA      | $71573.95     | 0.06%             | 2031-09-30      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC.                  | HILTON DOMESTIC OPERATING CO INC                   | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    325000 | PA      | $311052.15    | 0.26%             | 2031-05-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| FLUTTER TREASURY DESIGNATED ACTIVITY COMPANY            | FLUTTER TREASURY DAC                               | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |     27000 | PA      | $27388.51     | 0.02%             | 2031-06-04      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| UNITI SERVICES LLC                                      | UNITI GROUP LP UNITI GROUP FINANCE 2019 INC        | CUSIP: 91327TAC5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |    102000 | PA      | $100557.28    | 0.08%             | 2032-06-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: —       |
| VMED O2 UK FINANCING I PLC                              | VMED O2 UK FINANCING I PLC                         | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    240000 | PA      | $221768.45    | 0.18%             | 2031-07-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| GGAM Finance Limited                                    | GGAM FINANCE LTD                                   | CUSIP: 36170JAD8<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |     25000 | PA      | $25906.80     | 0.02%             | 2029-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| TAYLOR MORRISON COMMUNITIES, INC.                       | TAYLOR MORRISON COMMUNITIES INC                    | CUSIP: 87724RAK8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56584.21     | 0.05%             | 2032-11-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ONESKY FLIGHT, LLC                                      | ONESKY FLIGHT LLC                                  | CUSIP: 68278CAA3<br>LEI: 549300PM6NEPXGG5B882 | Long             | DBT              | CORP              | US        |    273000 | PA      | $292409.24    | 0.24%             | 2029-12-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT, INC.                             | CAESARS ENTERTAINMENT INC                          | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    328000 | PA      | $319173.72    | 0.26%             | 2032-10-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: —       |
| KNIFE RIVER CORPORATION                                 | KNIFE RIVER HOLDING CO                             | CUSIP: 498894AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    475000 | PA      | $496845.23    | 0.41%             | 2031-05-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Gray Media, Inc                                         | GRAY TELEVISION INC                                | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     44000 | PA      | $47363.39     | 0.04%             | 2029-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| WEEKLEY HOMES, LLC                                      | WEEKLEY HOMES LLC FIN                              | CUSIP: 948565AD8<br>LEI: 5493009MTTQO8ZN53F13 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246360.88    | 0.20%             | 2028-09-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| GETTY IMAGES, INC.                                      | GETTY IMAGES INC                                   | CUSIP: 374276AR4<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |    235000 | PA      | $236773.27    | 0.19%             | 2030-11-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                                   | BELRON UK FINANCE PLC                              | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |    375000 | PA      | $382877.90    | 0.31%             | 2029-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| SABRE FINANCIAL BORROWER, LLC                           | SABRE FINANCIAL BORROWER LLC                       | CUSIP: 78573XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $167537.72    | 0.14%             | 2029-06-15      | Fixed         | 11.12%                | Yes           |                  2 | On Loan: No      |
| CP ATLAS BUYER, INC.                                    | CP ATLAS BUYER INC                                 | CUSIP: 12658HAL6<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | LON              | CORP              | US        |    410542 | PA      | $396173.03    | 0.33%             | 2030-07-08      | Floating      | 8.97%                 | No            |                  2 | On Loan: No      |
| Edgewell Personal Care Company                          | EDGEWELL PERSONAL CARE CO                          | CUSIP: 28035QAB8<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |    499000 | PA      | $476921.59    | 0.39%             | 2029-04-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| HCA INC.                                                | HCA INC                                            | CUSIP: 40412DB57<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | STIV             | CORP              | US        |    500000 | PA      | $497954.00    | 0.41%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES, INC.                                 | AMERICAN AIRLINES INC                              | CUSIP: 023771T32<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $51103.40     | 0.04%             | 2028-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| LAMAR MEDIA CORP.                                       | LAMAR MEDIA CORP                                   | CUSIP: 513075BZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    129000 | PA      | $121455.36    | 0.10%             | 2031-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRISES LLC                             | SAKS GLOBAL ENTERPRISES LLC                        | CUSIP: 79380MAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     73000 | PA      | $4608.62      | 0.00%             | 2029-12-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER, LP                                    | MOZART DEBT MERGER SUB INC                         | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    362000 | PA      | $353948.20    | 0.29%             | 2029-04-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG, INC.                                | VENTURE GLOBAL LNG INC                             | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    210000 | PA      | $216912.75    | 0.18%             | 2032-02-01      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: —       |
| GREAT OUTDOORS GROUP, LLC                               | GREAT AMERICAN OUTDOORS                            | CUSIP: 07014QAP6<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |    148875 | PA      | $149619.38    | 0.12%             | 2032-03-05      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| ZEGONA FINANCE PLC                                      | ZEGONA FINANCE PLC                                 | CUSIP: 98927UAA5<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $264325.38    | 0.22%             | 2029-07-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG, LLC                     | VENTURE GLOBAL PLAQUEMINES LNG LLC                 | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    711000 | PA      | $778476.51    | 0.64%             | 2035-05-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                               | SUNOCO LP                                          | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    312000 | PA      | $329559.51    | 0.27%             | 2032-05-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| AAR ESCROW ISSUER, LLC                                  | AAR ESCROW ISSUER LLC                              | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    314000 | PA      | $325150.00    | 0.27%             | 2029-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS, LLC                   | FRONTIER COMMUNICATIONS CORP                       | CUSIP: 35906ABG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    129000 | PA      | $130002.49    | 0.11%             | 2029-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| US FOODS, INC.                                          | US FOODS INC                                       | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    724000 | PA      | $737479.53    | 0.60%             | 2033-04-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| MATTAMY GROUP CORPORATION                               | MATTAMY GROUP CORP                                 | CUSIP: 57701RAQ5<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |    110000 | PA      | $109007.93    | 0.09%             | 2033-12-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Alcoa Nederland Holding B.V.                            | ALCOA NEDERLAND HOLDING BV                         | CUSIP: 013822AH4<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |     50000 | PA      | $53078.40     | 0.04%             | 2031-03-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| TRUIST BANK AUTO CREDIT-LINKED NOTES                    | TRUIST BANK AUTO CREDIT LINKED NOTES SERIES 2025 1 | CUSIP: 897926CC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     84694 | PA      | $84829.30     | 0.07%             | 2033-09-26      | Fixed         | 6.81%                 | Yes           |                  2 | On Loan: No      |
| Azorra Finance Limited                                  | AZORRA FINANCE LTD                                 | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    737000 | PA      | $779214.73    | 0.64%             | 2030-04-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| PETSMART LLC                                            | PETSMART INC PETSMART FINANCE CORP                 | CUSIP: 71677KAC2<br>LEI: 894500NGJMHSFNESGA67 | Long             | DBT              | CORP              | US        |    550000 | PA      | $559247.96    | 0.46%             | 2032-09-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| ECHOSTAR CORPORATION                                    | ECHOSTAR CORP                                      | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    579142 | PA      | $639665.05    | 0.52%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                                  | ARSENAL AIC PARENT LLC                             | CUSIP: 04288BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    875000 | PA      | $929526.13    | 0.76%             | 2030-10-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| EMRLD BORROWER LP                                       | EMRLD BORROWER LP EMERALD CO ISSUER INC            | CUSIP: 26873CAB8<br>LEI: 5493000GJYE7GAQCUC61 | Long             | DBT              | CORP              | US        |    482000 | PA      | $508097.41    | 0.42%             | 2031-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ECHOSTAR CORPORATION                                    | ECHOSTAR CORP                                      | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    507229 | PA      | $519759.91    | 0.43%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE, INC.                                   | AXON ENTERPRISE INC                                | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    167000 | PA      | $173624.47    | 0.14%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| VERMILION ENERGY INC.                                   | VERMILION ENERGY INC                               | CUSIP: 923725AE5<br>LEI: 8945009D1HGCJC8M8A68 | Long             | DBT              | CORP              | CA        |     80000 | PA      | $75245.13     | 0.06%             | 2033-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                                 | ZAYO GROUP HOLDINGS INC                            | CUSIP: 98919XAH4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    285952 | PA      | $270610.99    | 0.22%             | 2030-03-11      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| HIG FINANCE 2 LIMITED                                   | HYPERION REFINANCE S A R L                         | CUSIP: G4712JAY8<br>LEI: 213800OOZO37Y7YL2O58 | Long             | LON              | CORP              | GB        |    174552 | PA      | $174880.60    | 0.14%             | 2030-04-18      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Post Holdings, Inc.                                     | POST HOLDINGS INC                                  | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    115000 | PA      | $116121.38    | 0.10%             | 2033-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| PETCO HEALTH AND WELLNESS COMPANY, INC.                 | PETCO ANIMAL SUPPLIES INC                          | CUSIP: 71601HAB2<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |   1449296 | PA      | $1432818.00   | 1.18%             | 2028-02-25      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| UNICREDIT, SOCIETA PER AZIONI                           | UNICREDIT SPA                                      | CUSIP: 904678AF6<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |    183000 | PA      | $186017.20    | 0.15%             | 2032-06-19      | Fixed         | 5.86%                 | Yes           |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE LIMITED                          | ARDONAGH GROUP FINANCE                             | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |    500000 | PA      | $519678.31    | 0.43%             | 2032-02-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICES, INC.                         | PRIME HEALTHCARE SERVICES INC                      | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    370000 | PA      | $389729.04    | 0.32%             | 2029-09-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                           | VISTRA OPERATIONS CO LLC                           | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    150000 | PA      | $157941.09    | 0.13%             | 2032-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| BOYD GAMING CORPORATION                                 | BOYD GAMING CORP                                   | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |    175000 | PA      | $171121.84    | 0.14%             | 2031-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: —       |
| CP ATLAS BUYER, INC.                                    | CP ATLAS BUYER INC                                 | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |    201000 | PA      | $208398.33    | 0.17%             | 2030-07-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| COVIS EQUITY D                                          | COVIS EQUITY D                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      1622 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TELECOM ITALIA CAPITAL S.A.                             | TELECOM ITALIA CAPITAL SA                          | CUSIP: 87927VAR9<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |    125000 | PA      | $135647.96    | 0.11%             | 2036-07-18      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| 1261229 B.C. LTD.                                       | 1261229 BC LTD                                     | CUSIP: C6903HAB0<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |     99750 | PA      | $97219.34     | 0.08%             | 2030-10-08      | Floating      | 9.97%                 | No            |                  2 | On Loan: No      |
| ZF NORTH AMERICA CAPITAL, INC.                          | ZF NORTH AMERICA CAPITAL INC                       | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    450000 | PA      | $436992.05    | 0.36%             | 2032-04-23      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| TENET HEALTHCARE CORPORATION                            | TENET HEALTHCARE CORP                              | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    581000 | PA      | $580972.45    | 0.48%             | 2027-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NCR ATLEOS CORPORATION                                  | NCR ATLEOS ESCROW CORP                             | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |     80000 | PA      | $86895.06     | 0.07%             | 2029-04-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| COVIS EQUITY B                                          | COVIS EQUITY B                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      1622 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GREAT CANADIAN GAMING CORPORATION                       | GREAT CANADIAN GAMING CORP                         | CUSIP: 389925AA6<br>LEI: 549300FU60SSFLTE0M84 | Long             | DBT              | CORP              | CA        |    147000 | PA      | $148593.19    | 0.12%             | 2029-11-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| CENTRAL PARENT LLC                                      | CENTRAL PARENT LLC CDK GLOBAL II LLC               | CUSIP: 154915AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $651499.39    | 0.53%             | 2029-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| BCPE FLAVOR DEBT MERGER SUB, LLC                        | BCPE FLAVOR DEBT MERGER SUB LLC                    | CUSIP: 072933AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    256000 | PA      | $245001.98    | 0.20%             | 2032-07-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Perrigo Finance Unlimited Company                       | PERRIGO FINANCE UNLIMITED CO                       | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |    500000 | PA      | $487790.61    | 0.40%             | 2032-09-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SOLSTICE ADVANCED MATERIALS INC.                        | SOLSTICE ADVANCED MATERIALS INC                    | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |     64000 | PA      | $64607.80     | 0.05%             | 2033-09-30      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC.                        | STANDARD INDUSTRIES INC NJ                         | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $916654.82    | 0.75%             | 2031-01-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| NEWELL BRANDS INC.                                      | NEWELL BRANDS INC                                  | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    218000 | PA      | $210765.76    | 0.17%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: —       |
| EQUIPMENTSHARE.COM INC                                  | EQUIPMENTSHARE COM INC                             | CUSIP: 29450YAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    493000 | PA      | $516717.01    | 0.42%             | 2033-03-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: —       |
| PERMIAN RESOURCES OPERATING, LLC                        | PERMIAN RESOURC OPTG LLC                           | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    280000 | PA      | $281307.69    | 0.23%             | 2029-07-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| THE HERTZ CORPORATION                                   | HERTZ CORP THE                                     | CUSIP: 428040DC0<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    509000 | PA      | $513020.03    | 0.42%             | 2029-07-15      | Fixed         | 12.62%                | Yes           |                  2 | On Loan: —       |
| ENDEAVOUR MINING PLC                                    | ENDEAVOUR MINING PLC                               | CUSIP: 29261HAB1<br>LEI: 529900NI5MXQ91GHXR07 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $206397.14    | 0.17%             | 2030-05-28      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL AUTO HOLDINGS PLC                                | GLOBAL AUTO HOLDINGS LTD AAG FH UK LTD             | CUSIP: 00033GAB1<br>LEI: 984500ADEF1BB0584352 | Long             | DBT              | CORP              | GB        |    208000 | PA      | $200180.45    | 0.16%             | 2032-01-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS, INC.                    | CLEAR CHANNEL OUTDOOR HOLDINGS INC                 | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    194000 | PA      | $204603.44    | 0.17%             | 2030-04-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| ASHTON WOODS USA L.L.C.                                 | ASHTON WOODS USA LLC ASHTON WOODS FINANCE CO       | CUSIP: 045086AP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    565000 | PA      | $538530.37    | 0.44%             | 2030-04-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| LATAM Airlines Group S.A.                               | LATAM AIRLINES GROUP SA                            | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |    273000 | PA      | $287214.34    | 0.24%             | 2030-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| ALTICE FRANCE SAS                                       | ALTICE FRANCE SA                                   | CUSIP: 02090DAA6<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    211877 | PA      | $217940.76    | 0.18%             | 2029-11-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD.                             | FIRST QUANTUM MINERALS LTD                         | CUSIP: 335934AX3<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    167000 | PA      | $175447.81    | 0.14%             | 2034-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| AVIANCA MIDCO 2 PLC                                     | AVIANCA MIDCO 2 PLC                                | CUSIP: 05369YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    368000 | PA      | $369301.63    | 0.30%             | 2030-02-14      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| BRUNDAGE-BONE CONCRETE PUMPING HOLDINGS, INC.           | BRUNDAGE BONE CONCRETE PUMPING HOLDINGS INC        | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    291000 | PA      | $296868.82    | 0.24%             | 2032-02-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| AIR METHODS CORPORATION                                 | AIR METHODS CORPORATION                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     11817 | NS      | $1536210.00   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST, INC.                           | STARWOOD PROPERTY TRUST INC                        | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    175000 | PA      | $184682.12    | 0.15%             | 2029-04-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| X CORP.                                                 | X CORP                                             | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    198469 | PA      | $194783.82    | 0.16%             | 2029-10-26      | Floating      | 10.20%                | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS CORPORATION                             | JETBLUE AIRWAYS CORP JETBLUE LOYALTY LP            | CUSIP: 476920AA1<br>LEI: 54930070J9H97ZO93T57 | Long             | DBT              | CORP              | US        |     34000 | PA      | $34246.86     | 0.03%             | 2031-09-20      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| EZCORP, INC.                                            | EZCORP INC                                         | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |    177000 | PA      | $188181.53    | 0.15%             | 2032-04-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORPORATION                     | SIX FLAGS ENTERTAINMENT CORP                       | CUSIP: 83002YAA7<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |    357000 | PA      | $360192.68    | 0.30%             | 2032-05-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| GLP Capital, L.P.                                       | GLP CAPITAL LP GLP FINANCING II INC                | CUSIP: 361841AT6<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |    152000 | PA      | $154165.50    | 0.13%             | 2034-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP, INC.                              | CLOUD SOFTWARE GROUP INC                           | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52072.83     | 0.04%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| TENET HEALTHCARE CORPORATION                            | TENET HEALTHCARE CORP                              | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    196000 | PA      | $196796.72    | 0.16%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FINANCE PLC                             | IMPERIAL BRANDS FIN PLC                            | CUSIP: 45262EAD9<br>LEI: 2138008L3B3MCG1DFS50 | Long             | STIV             | CORP              | GB        |    800000 | PA      | $798881.12    | 0.66%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ENTERGY CORPORATION                                     | ENTERGY CORP                                       | CUSIP: 29364GAQ6<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |    558000 | PA      | $586444.38    | 0.48%             | 2054-12-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES, INC.                              | ALBERTSONS COS INC                                 | CUSIP: 01309QAD0<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120450.63    | 0.10%             | 2034-03-31      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CENTURY COMMUNITIES, INC.                               | CENTURY COMMUNITIES INC                            | CUSIP: 156504AM4<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |    300000 | PA      | $285274.99    | 0.23%             | 2029-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| DENTSPLY SIRONA INC.                                    | DENTSPLY SIRONA INC                                | CUSIP: 24906PAB5<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |    648000 | PA      | $607236.68    | 0.50%             | 2055-09-12      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INTERNATIONAL CORPORATION          | SCIENCE APPLICATIONS INTERNATIONAL CORP            | CUSIP: 808625AB3<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |    106000 | PA      | $107470.00    | 0.09%             | 2033-11-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| COVIS EQUITY E                                          | COVIS EQUITY E                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      1622 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CHURCHILL DOWNS INCORPORATED                            | CHURCHILL DOWNS INC                                | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    125000 | PA      | $129646.40    | 0.11%             | 2031-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| FRONTIER ISSUER LLC                                     | FRONTIER ISSUER LLC                                | CUSIP: 35910EAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    460000 | PA      | $473455.27    | 0.39%             | 2053-08-20      | Fixed         | 11.50%                | Yes           |                  2 | On Loan: No      |
| TRUCORDIA INSURANCE HOLDINGS, LLC                       | PCF INSURANCE SERVICES OF THE WEST LLC             | CUSIP: 89783WAB1<br>LEI: 254900KYYP47CV7DMK95 | Long             | LON              | CORP              | US        |    101903 | PA      | $101138.73    | 0.08%             | 2032-06-14      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| U.S. ACUTE CARE SOLUTIONS, LLC                          | US ACUTE CARE SOLUTIONS LLC                        | CUSIP: 90367UAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    232000 | PA      | $233859.97    | 0.19%             | 2029-05-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| C&S WHOLESALE GROCERS, LLC                              | C S WHOLESALE GROCERS INC                          | CUSIP: 12676AAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    859514 | PA      | $838026.03    | 0.69%             | 2030-08-06      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORPORATION                          | ZEBRA TECHNOLOGIES CORP                            | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |    225000 | PA      | $232848.76    | 0.19%             | 2032-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| TRONOX INCORPORATED                                     | TRONOX INC                                         | CUSIP: 897051AD0<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |     27000 | PA      | $26855.57     | 0.02%             | 2030-09-30      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: —       |
| VENUS MERGER SUB II LLC                                 | VITAL ENERGY INC                                   | CUSIP: 516806AK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    158000 | PA      | $155692.05    | 0.13%             | 2032-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: —       |
| BEAZER HOMES USA, INC.                                  | BEAZER HOMES USA INC                               | CUSIP: 07556QBU8<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |    650000 | PA      | $657628.72    | 0.54%             | 2031-03-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| SGH2 LLC                                                | SGH2 LLC                                           | CUSIP: 78424SAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    155406 | PA      | $155794.52    | 0.13%             | 2032-08-18      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL USA, INC.                                    | MURPHY OIL USA INC                                 | CUSIP: 626738AF5<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |    327000 | PA      | $307295.65    | 0.25%             | 2031-02-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                 | SASOL FINANCING USA LLC                            | CUSIP: 80386WAF2<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253366.41    | 0.21%             | 2029-05-03      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE, INC.                                | GROUP 1 AUTOMOTIVE INC                             | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205682.55    | 0.17%             | 2030-01-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| LAMAR MEDIA CORP.                                       | LAMAR MEDIA CORP                                   | CUSIP: 513075CA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     27000 | PA      | $26929.08     | 0.02%             | 2033-11-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP, INC.                              | PICARD MIDCO INC                                   | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    380000 | PA      | $384931.10    | 0.32%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| NOVA Chemicals Corporation                              | NOVA CHEMICALS CORP                                | CUSIP: 66977WAV1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     85000 | PA      | $90563.88     | 0.07%             | 2031-12-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| OSAIC HOLDINGS, INC.                                    | OSAIC HOLDINGS INC                                 | CUSIP: 68773JAG5<br>LEI: 549300XL60BDV6UW5C86 | Long             | LON              | CORP              | US        |     51802 | PA      | $51986.42     | 0.04%             | 2032-08-02      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE LIMITED                           | MELCO REOSRTS FINANCE                              | CUSIP: 58547DAD1<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    150000 | PA      | $148412.12    | 0.12%             | 2029-12-04      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| C&S GROUP ENTERPRISES LLC                               | C S GROUP ENTERPRISES LLC                          | CUSIP: 12467AAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    526000 | PA      | $486845.81    | 0.40%             | 2028-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| LEVEL 3 FINANCING, INC.                                 | LEVEL 3 FINANCING INC                              | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    223000 | PA      | $229740.27    | 0.19%             | 2034-03-31      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CITGO PETROLEUM CORPORATION                             | CITGO PETROLEUM CORP                               | CUSIP: 17302XAN6<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |    740000 | PA      | $770005.39    | 0.63%             | 2029-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| THE MICHAELS COMPANIES, INC.                            | MAGIC MERGERCO INC                                 | CUSIP: 55916AAB0<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    164000 | PA      | $151294.21    | 0.12%             | 2029-05-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMEDIATE LLC                        | AMERITEX HOLDCO INTERMEDIATE LLC                   | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    285000 | PA      | $299913.17    | 0.25%             | 2033-08-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| AIR LEASE CORPORATION                                   | AIR LEASE CORP                                     | CUSIP: 00913XA86<br>LEI: 5493004NW4M4P8TMMK63 | Long             | STIV             | CORP              | US        |   1100000 | PA      | $1099011.65   | 0.90%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PARADIGM PARENT, LLC                                    | PARADIGM PARENT LLC AND PARADIGM PARENT CO ISSUER  | CUSIP: 69902PAA6<br>LEI: 254900EDT9YE5UFH3458 | Long             | DBT              | CORP              | US        |    114000 | PA      | $103712.78    | 0.09%             | 2032-04-17      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES, LP                                | RHP HOTEL PROPERTIES LP RHP FINANCE CORP           | CUSIP: 749571AG0<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |    162000 | PA      | $160474.50    | 0.13%             | 2029-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                                     | RESIDEO FUNDING INC                                | CUSIP: 76119LAD3<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |    375000 | PA      | $384489.78    | 0.32%             | 2032-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ASHTON WOODS USA L.L.C.                                 | ASHTON WOODS USA LLC ASHTON WOODS FINANCE CO       | CUSIP: 045086AR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $270515.75    | 0.22%             | 2033-08-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| MATTAMY GROUP CORPORATION                               | MATTAMY GROUP CORP                                 | CUSIP: 57701RAM4<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |    151000 | PA      | $146332.00    | 0.12%             | 2030-03-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| MEN S WEARHOUSE INC                                     | MEN S WEARHOUSE INC                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     20063 | NS      | $441386.00    | 0.36%             |  |  |  | No            |                  3 | On Loan: No      |
| GOAT HOLDCO, LLC                                        | GOAT HOLDCO LLC                                    | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    277000 | PA      | $284497.72    | 0.23%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Viking Cruises Ltd                                      | VIKING CRUISES LTD                                 | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    138000 | PA      | $147692.24    | 0.12%             | 2031-07-15      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                          | OPAL BIDCO SAS                                     | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    600000 | PA      | $614582.09    | 0.50%             | 2032-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| NEWS CORPORATION                                        | NEWS CORP                                          | CUSIP: 65249BAB5<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |    150000 | PA      | $147831.81    | 0.12%             | 2032-02-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| CIMPRESS PUBLIC LIMITED COMPANY                         | CIMPRESS PLC                                       | CUSIP: 17186HAH5<br>LEI: 549300X1IFD75XISOR81 | Long             | DBT              | CORP              | IE        |    130000 | PA      | $132616.81    | 0.11%             | 2032-09-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: —       |
| OSAIC HOLDINGS, INC.                                    | OSAIC HOLDINGS INC                                 | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    157000 | PA      | $163978.32    | 0.13%             | 2032-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| RESORTS WORLD LAS VEGAS LLC                             | RESORTS WORLD LAS VEGAS LLC                        | CUSIP: 76120HAC1<br>LEI: 254900LHVH9D3APT8R82 | Long             | DBT              | CORP              | US        |    150000 | PA      | $123991.28    | 0.10%             | 2031-04-06      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| OT MIDCO INC.                                           | OT MIDCO INC                                       | CUSIP: 68877AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    219000 | PA      | $87740.43     | 0.07%             | 2030-02-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Kioxia Holdings Corporation                             | KIOXIA HOLDINGS CORP                               | CUSIP: 49726JAB4<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |    792000 | PA      | $824529.49    | 0.68%             | 2033-07-24      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOGY PTE. LTD.               | SEAGATE DATA STORAGE TECHNOLOGY PTE LTD            | CUSIP: 81180LAQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    325000 | PA      | $345661.87    | 0.28%             | 2031-07-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG, INC.                                | VENTURE GLOBAL LNG INC                             | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    384000 | PA      | $303427.42    | 0.25%             | 2199-12-31      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| GESTION D'ASSURANCES JONES DESLAURIERS INC              | JONES DESLAURIERS INSURANCE MANAGEMENT INC         | CUSIP: 48020RAE5<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    154000 | PA      | $149090.84    | 0.12%             | 2033-10-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROUP, INC.                         | SINCLAIR TELEVISION GROUP INC                      | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    280000 | PA      | $292784.71    | 0.24%             | 2033-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I, L.P.                               | HARVEST MIDSTREAM I LP                             | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    285000 | PA      | $297056.56    | 0.24%             | 2032-05-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| AMYNTA AGENCY BORROWER INC.                             | AMYNTA AGENCY BORROWER INC AND AMYNTA WARRANTY     | CUSIP: 03238AAA3<br>LEI: 5493000GP6HBRVTWBO85 | Long             | DBT              | CORP              | US        |    128000 | PA      | $130132.81    | 0.11%             | 2033-07-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| NEWELL BRANDS INC.                                      | NEWELL BRANDS INC                                  | CUSIP: 651229AX4<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     80000 | PA      | $75123.80     | 0.06%             | 2036-04-01      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS (NORTH AMERICA), INC.                    | UNITED RENTALS INC                                 | CUSIP: 911365BR4<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    582000 | PA      | $606879.37    | 0.50%             | 2034-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Smyrna Ready Mix Concrete, LLC                          | SMYRNA READY MIX CONCRETE LLC                      | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    433000 | PA      | $463241.05    | 0.38%             | 2031-11-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD U.S. BORROWER, LLC.                 | CUSHMAN WAKEFIELD US BORROWER LLC                  | CUSIP: 23166MAC7<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |    260000 | PA      | $277201.86    | 0.23%             | 2031-09-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS, INC.                      | CHS COMMUNITY HEALTH SYSTEMS INC                   | CUSIP: 12543DBQ2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    220000 | PA      | $231179.82    | 0.19%             | 2034-01-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS, INC.                    | CLEAR CHANNEL OUTDOOR HOLDINGS INC                 | CUSIP: 18453HAH9<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    321000 | PA      | $340020.83    | 0.28%             | 2033-03-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| PRA GROUP, INC.                                         | PRA GROUP INC                                      | CUSIP: 69354NAF3<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    210000 | PA      | $218091.73    | 0.18%             | 2030-01-31      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| HILCORP ENERGY I, L.P.                                  | HILCORP ENERGY I LP HILCORP FINANCE CO             | CUSIP: 431318AU8<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    161000 | PA      | $158879.94    | 0.13%             | 2029-02-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRISES LLC                             | SAKS GLOBAL ENTERPRISES LLC                        | CUSIP: 79380MAC9<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |    200750 | PA      | $1169.29      | 0.00%             | 2029-12-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| OSAIC HOLDINGS, INC.                                    | OSAIC HOLDINGS INC                                 | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    156000 | PA      | $161630.11    | 0.13%             | 2033-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| HERC HOLDINGS INC.                                      | HERC HOLDINGS INC                                  | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    644000 | PA      | $682560.84    | 0.56%             | 2033-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| TENET HEALTHCARE CORPORATION                            | TENET HEALTHCARE CORP                              | CUSIP: 88033GDV9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     11000 | PA      | $11300.63     | 0.01%             | 2033-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES, LP                                | RHP HOTEL PROPERTIES LP RHP FINANCE CORP           | CUSIP: 749571AK1<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51873.49     | 0.04%             | 2032-04-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| IHO Verwaltungs GmbH                                    | IHO VERWALTUNGS GMBH                               | CUSIP: 44963BAG3<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |    500000 | PA      | $526631.36    | 0.43%             | 2032-11-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| PETSMART LLC                                            | PETSMART LLC                                       | CUSIP: 71677HAN5<br>LEI: 894500NGJMHSFNESGA67 | Long             | LON              | CORP              | US        |    500000 | PA      | $497345.00    | 0.41%             | 2032-08-09      | Floating      | 7.73%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLOBAL FINANCE LLC                      | BURFORD CAPITAL GLOBAL FINANCE LLC                 | CUSIP: 12116LAG4<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    906000 | PA      | $872148.99    | 0.72%             | 2033-07-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| JANE STREET GROUP, LLC                                  | JANE STREET GROUP JSG FINANCE INC                  | CUSIP: 47077WAE8<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |    890000 | PA      | $928689.28    | 0.76%             | 2033-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings, Inc.                                     | POST HOLDINGS INC                                  | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    760000 | PA      | $781496.87    | 0.64%             | 2032-02-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| CROWN CASTLE INC.                                       | CROWN CASTLE INTL CORP                             | CUSIP: 22823QAF8<br>LEI: 54930012H97VSM0I2R19 | Long             | STIV             | CORP              | US        |    600000 | PA      | $598950.90    | 0.49%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ARCOSA, INC.                                            | ARCOSA INC                                         | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26354.19     | 0.02%             | 2032-08-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CREDIT ACCEPTANCE CORPORATION                           | CREDIT ACCEPTANCE CORP                             | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    217000 | PA      | $217837.55    | 0.18%             | 2030-03-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| State Street SPDR Portfolio High Yield Bond ETF         | STATE STREET SPDR PORTFOLIO HIGH YIELD BOND ETF    | CUSIP: 78468R606<br>LEI: N/A                  | Long             |  | RF                | US        |     25000 | NS      | $591750.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTAJET MALTA FINANCE P.L.C.                           | VISTAJET MALTA XO MGMT                             | CUSIP: 92840JAB5<br>LEI: 5299001UK94VGT0CPQ36 | Long             | DBT              | CORP              | MT        |    502000 | PA      | $480094.57    | 0.39%             | 2030-02-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: —       |
| PARK INTERMEDIATE HOLDINGS LLC.                         | PARK INTERMEDIATE HOLDINGS LLC                     | CUSIP: 70052LAC7<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78061.40     | 0.06%             | 2029-05-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| M.S.D. INVESTMENT CORP.                                 | MSD INVESTMENT CORP                                | CUSIP: 55354LAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     99000 | PA      | $98421.67     | 0.08%             | 2031-02-05      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                               | SUNOCO LP                                          | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    159000 | PA      | $158908.94    | 0.13%             | 2034-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| GGAM Finance Limited                                    | GGAM FINANCE LTD                                   | CUSIP: 36170JAE6<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    325000 | PA      | $329446.13    | 0.27%             | 2030-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| TALLGRASS ENERGY PARTNERS, LP                           | TALLGRASS ENERGY PARTNERS LP                       | CUSIP: 87470LAL5<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |    130000 | PA      | $134346.41    | 0.11%             | 2029-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| BEACON MOBILITY FINANCE CORP.                           | BEACON MOBILITY CORP                               | CUSIP: 073644AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    128000 | PA      | $133836.18    | 0.11%             | 2030-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| PRESTIGE BRANDS, INC.                                   | PRESTIGE BRANDS INC                                | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |    463000 | PA      | $432245.56    | 0.35%             | 2031-04-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| S&S HOLDINGS, LLC                                       | S S HOLDINGS LLC                                   | CUSIP: 78525CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    276000 | PA      | $264725.93    | 0.22%             | 2031-10-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS, INC.                               | ZAYO GROUP HOLDINGS INC                            | CUSIP: 98919VAC9<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |    608959 | PA      | $578623.71    | 0.47%             | 2030-03-09      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS INC.                              | ROGERS COMMUNICATIONS INC                          | CUSIP: 775109DG3<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    111000 | PA      | $116159.25    | 0.10%             | 2055-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HA SUSTAINABLE INFRASTRUCTURE CAPITAL, INC.             | HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC          | CUSIP: 41068XAG5<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |    109000 | PA      | $113684.47    | 0.09%             | 2056-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORPORATION                                     | NOVELIS INC                                        | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    181000 | PA      | $187850.70    | 0.15%             | 2030-01-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: —       |
| AMSTED INDUSTRIES INCORPORATED                          | AMSTED INDUSTRIES INC                              | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |    344000 | PA      | $354318.71    | 0.29%             | 2033-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC.                                         | BOMBARDIER INC                                     | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     18000 | PA      | $19194.11     | 0.02%             | 2031-07-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| AMC ENTERTAINMENT HOLDINGS, INC.                        | AMC ENTERTAINMENT HOLDINGS INC                     | CUSIP: 00164CAD7<br>LEI: 549300ZO77UNR6NRBR11 | Long             | LON              | CORP              | US        |    610739 | PA      | $610799.74    | 0.50%             | 2029-01-04      | Floating      | 10.73%                | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD.                            | ROYAL CARIBBEAN CRUISES LTD                        | CUSIP: 780153BU5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     11000 | PA      | $11392.59     | 0.01%             | 2032-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| VAIL RESORTS, INC.                                      | VAIL RESORTS INC                                   | CUSIP: 91879QAP4<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |    160000 | PA      | $166143.21    | 0.14%             | 2032-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| BOYNE USA INC.                                          | BOYNE USA INC                                      | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    354000 | PA      | $349108.23    | 0.29%             | 2029-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| SCIENTIFIC GAMES HOLDINGS LP                            | SCIENTIFIC GAMES HOLDINGS LP                       | CUSIP: 80874DAA4<br>LEI: 549300W5GPFXXB6TQ330 | Long             | DBT              | CORP              | US        |    178000 | PA      | $158156.86    | 0.13%             | 2030-03-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| CVS HEALTH CORPORATION                                  | CVS HEALTH CORP                                    | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     96000 | PA      | $100691.37    | 0.08%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA, INC.                                     | WASTE PRO USA INC                                  | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |    268000 | PA      | $276487.08    | 0.23%             | 2033-02-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER, LP                                    | MEDLINE BORROWER LP MEDLINE CO ISSUER INC          | CUSIP: 58506DAA6<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    175000 | PA      | $181181.02    | 0.15%             | 2029-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| La Compagnie de Telephone Bell du Canada ou Bell Canada | BELL CANADA                                        | CUSIP: 0778FPAP4<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |     61000 | PA      | $62950.36     | 0.05%             | 2055-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BWX TECHNOLOGIES, INC.                                  | BWX TECHNOLOGIES INC                               | CUSIP: 05605HAC4<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |    150000 | PA      | $146322.22    | 0.12%             | 2029-04-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| FAIR ISAAC CORPORATION                                  | FAIR ISAAC CORP                                    | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    132000 | PA      | $135342.82    | 0.11%             | 2033-05-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS, LLC                   | FRONTIER COMMUNICATIONS HOLDINGS LLC               | CUSIP: 35906ABE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1752441.90   | 1.44%             | 2027-10-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION HOLDINGS, INC.                   | CLYDESDALE ACQUISITION HOLDINGS INC                | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102947.69    | 0.08%             | 2032-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| STAPLES, INC.                                           | STAPLES INC                                        | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248623.30    | 0.20%             | 2029-09-01      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS, INC.                               | ZAYO GROUP HOLDINGS INC                            | CUSIP: 98919VAD7<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |    110000 | PA      | $100962.28    | 0.08%             | 2030-09-09      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: —       |
| STONEBRIAR ABF ISSUER LLC                               | STONEBRIAR ABF LLC                                 | CUSIP: 86177CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    123000 | PA      | $126600.57    | 0.10%             | 2030-12-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| LEVEL 3 FINANCING, INC.                                 | LEVEL 3 FINANCING INC                              | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    101903 | PA      | $104287.50    | 0.09%             | 2033-06-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS, INC.                                 | QUIKRETE HOLDINGS INC                              | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    508000 | PA      | $528621.95    | 0.43%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| WINDSOR HOLDINGS III, LLC                               | WINDSOR HOLDINGS III LLC                           | CUSIP: 97360AAA5<br>LEI: 254900IXUJZ9H146T437 | Long             | DBT              | CORP              | US        |    273000 | PA      | $288620.95    | 0.24%             | 2030-06-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| VOYAGER PARENT, LLC                                     | VOYAGER PARENT LLC                                 | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    509000 | PA      | $539882.70    | 0.44%             | 2032-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| CUMULUS MEDIA NEW HOLDINGS INC.                         | CUMULUS MEDIA NEW HOLDINGS INC                     | CUSIP: 23110AAB2<br>LEI: 5493001D9VBAVY1OKJ46 | Long             | DBT              | CORP              | US        |   2028000 | PA      | $553375.96    | 0.45%             | 2029-07-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| TELUS CORPORATION                                       | TELUS CORP                                         | CUSIP: 87971MCQ4<br>LEI: 894500WE70KKZRQMBU11 | Long             | DBT              | CORP              | CA        |    146000 | PA      | $146321.86    | 0.12%             | 2056-06-09      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Breakwater Energy Holdings S.a r.l.                     | BREAKWATER ENERGY HOLDINGS SARL                    | CUSIP: 10637BAA3<br>LEI: 984500969HAFA937F390 | Long             | DBT              | CORP              | LU        |    109000 | PA      | $112861.05    | 0.09%             | 2030-11-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS, INC.                                | ADVANCE AUTO PARTS INC                             | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    575000 | PA      | $578690.89    | 0.47%             | 2033-08-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: —       |
| CP ATLAS BUYER, INC.                                    | CP ATLAS BUYER INC                                 | CUSIP: 12597YAD1<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |    219215 | PA      | $207638.38    | 0.17%             | 2031-01-15      | Fixed         | 12.75%                | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC.                                         | BOMBARDIER INC                                     | CUSIP: 097751CA7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    875000 | PA      | $944861.35    | 0.78%             | 2030-11-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| EVERGY MISSOURI WEST, INC.                              | EVERGY MISSOURI WEST INC                           | CUSIP: 30037NA78<br>LEI: EZIFUDC0VSUS6T6LCG85 | Long             | STIV             | CORP              | US        |   1100000 | PA      | $1099182.92   | 0.90%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ROCKET SOFTWARE, INC.                                   | ROCKET SOFTWARE INC                                | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103042.09    | 0.08%             | 2028-11-28      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                | CELANESE US HOLDINGS LLC                           | CUSIP: 15089QBD5<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    138000 | PA      | $140347.99    | 0.12%             | 2034-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Bausch + Lomb Corporation                               | BAUSCH LOMB ESCROW CORP                            | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |     25000 | PA      | $26051.86     | 0.02%             | 2028-10-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| HILCORP ENERGY I, L.P.                                  | HILCORP ENERGY                                     | CUSIP: 431319AH5<br>LEI: 549300ITPIHLG0LHEC09 | Long             | LON              | CORP              | US        |     49625 | PA      | $49656.26     | 0.04%             | 2030-02-05      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC.                        | STANDARD BUILDING SOLUTIONS INC                    | CUSIP: 853192AA0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    495000 | PA      | $496473.40    | 0.41%             | 2034-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| RAND PARENT, LLC                                        | RAND PARENT LLC                                    | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $260629.88    | 0.21%             | 2030-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: —       |
| FERTITTA ENTERTAINMENT, LLC                             | FERTITTA ENTERTAINMENT LLC                         | CUSIP: 31556TAC3<br>LEI: 984500A0805D8V551D35 | Long             | DBT              | CORP              | US        |     23000 | PA      | $21845.94     | 0.02%             | 2030-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: —       |
| XPO, INC.                                               | XPO INC                                            | CUSIP: 98379KAB8<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |    123000 | PA      | $128281.45    | 0.11%             | 2031-06-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| UKG INC.                                                | UKG INC                                            | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |    531000 | PA      | $546883.33    | 0.45%             | 2031-02-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| PETSMART LLC                                            | PETSMART INC PETSMART FINANCE CORP                 | CUSIP: 71677KAD0<br>LEI: 894500NGJMHSFNESGA67 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51514.03     | 0.04%             | 2033-09-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO, LLC                            | BEACH ACQUISITION BIDCO LLC                        | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    155000 | PA      | $170395.81    | 0.14%             | 2033-07-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| COVIS EQUITY A                                          | COVIS EQUITY A                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      1622 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CCO HOLDINGS, LLC                                       | CCO HOLDINGS LLC CCO HOLDINGS CAPITAL CORP         | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $87605.02     | 0.07%             | 2033-06-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: —       |
| ENCOMPASS HEALTH CORPORATION                            | ENCOMPASS HEALTH CORP                              | CUSIP: 29261AAE0<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78465.97     | 0.06%             | 2031-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Gray Media, Inc                                         | GRAY MEDIA INC                                     | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25948.87     | 0.02%             | 2032-07-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| HERC HOLDINGS INC.                                      | HERC HOLDINGS INC                                  | CUSIP: 42704LAK0<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    329000 | PA      | $333350.36    | 0.27%             | 2034-03-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| VERSANT MEDIA GROUP INC                                 | VERSANT MEDIA GROUP INC                            | CUSIP: BL5271491<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    250000 | PA      | $249845.00    | 0.20%             | 2030-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                               | SUNOCO LP                                          | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    400000 | PA      | $409675.04    | 0.34%             | 2033-07-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| MGM RESORTS INTERNATIONAL                               | MGM RESORTS INTERNATIONAL                          | CUSIP: 552953CK5<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25697.43     | 0.02%             | 2029-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BLOCK, INC.                                             | BLOCK INC                                          | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155969.54    | 0.13%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NORDSTROM, INC.                                         | NORDSTROM INC                                      | CUSIP: 655664AT7<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    147000 | PA      | $140670.56    | 0.12%             | 2030-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| CARPENTER TECHNOLOGY CORPORATION                        | CARPENTER TECHNOLOGY CORP                          | CUSIP: 144285AN3<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |    218000 | PA      | $221601.23    | 0.18%             | 2034-03-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| ATI INC                                                 | ALLEGHENY TECHNOLOGIES INC                         | CUSIP: 01741RAM4<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    350000 | PA      | $350500.66    | 0.29%             | 2031-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER, LLC                              | PANTHER ESCROW ISSUER LLC                          | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      7000 | PA      | $7255.71      | 0.01%             | 2031-06-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| OPEN TEXT INC.                                          | OPEN TEXT CORP OPEN TEXT HOLDINGS INC              | CUSIP: 683720AC0<br>LEI: 391200TOWHX99FWE8G92 | Long             | DBT              | CORP              | US        |    450000 | PA      | $419645.48    | 0.34%             | 2031-12-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES, INC.                              | ALBERTSONS COS INC                                 | CUSIP: 01309QAB4<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   1204000 | PA      | $1237374.01   | 1.02%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS, LLC                                    | SHIFT4 PAYMENTS LLC                                | CUSIP: 82453AAB3<br>LEI: 254900GTEMR7L40VPI74 | Long             | DBT              | CORP              | US        |    225000 | PA      | $232385.82    | 0.19%             | 2032-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Grupo Aeromexico, S.A.B. de C.V.                        | GRUPO AEROMEXICO SAB DE CV                         | CUSIP: 40054JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    506000 | PA      | $517459.45    | 0.42%             | 2031-11-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| iShares BB Rated Corporate Bond ETF                     | ISHARES BB RATED CORPORATE BOND ETF                | CUSIP: 46435U473<br>LEI: N/A                  | Long             |  | RF                | US        |     82500 | NS      | $3888225.00   | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| COTY INC.                                               | COTY INC HFC PRESTIGE PRODUCTS INC                 | CUSIP: 22207AAC6<br>LEI: 549300BO9IWPF3S48F93 | Long             | DBT              | CORP              | US        |     52000 | PA      | $52471.64     | 0.04%             | 2031-01-15      | Fixed         | 5.60%                 | Yes           |                  2 | On Loan: No      |
| METROPOLIS TECHNOLOGIES, INC.                           | METROPOLIS TECHNOLOGIES INC                        | CUSIP: 59173YAC6<br>LEI: 2549007G4NS5EM5X7O93 | Long             | LON              | CORP              | US        |    260000 | PA      | $257400.00    | 0.21%             | 2032-10-20      | Floating      | 8.98%                 | No            |                  2 | On Loan: No      |
| NUMERICABLE US LLC                                      | NUMERICABLE US LLC                                 | CUSIP: BL5258944<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    315000 | PA      | $314540.10    | 0.26%             | 2031-05-15      | Floating      | 10.86%                | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS, INC.                                 | QNITY ELECTRONICS INC                              | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    125000 | PA      | $129817.55    | 0.11%             | 2033-08-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| MOSS CREEK RESOURCES HOLDINGS, INC.                     | MOSS CREEK RESOURCES HOLDINGS INC                  | CUSIP: 61965RAC9<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |    239000 | PA      | $228872.97    | 0.19%             | 2031-09-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Versant Media Group, Inc.                               | VERSANT MEDIA GROUP INC                            | CUSIP: 925283AA1<br>LEI: 254900D2Q5F5F229PU30 | Long             | DBT              | CORP              | US        |    134000 | PA      | $138309.65    | 0.11%             | 2031-01-30      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CALPINE CORPORATION                                     | CALPINE CORP                                       | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1625291.83   | 1.33%             | 2028-03-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Mativ Holdings, Inc.                                    | MATIV HOLDINGS INC                                 | CUSIP: 808541AC0<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151596.85    | 0.12%             | 2029-10-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| BLOCK, INC.                                             | BLOCK INC                                          | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    145000 | PA      | $148800.30    | 0.12%             | 2033-08-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ONTARIO GAMING GTA LIMITED PARTNERSHIP                  | ONTARIO GAMING GTA LP                              | CUSIP: C6907UAB7<br>LEI: 894500EC9KLZLOC3V025 | Long             | LON              | CORP              | CA        |    104814 | PA      | $96784.62     | 0.08%             | 2030-08-01      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC.                                       | AMC NETWORKS INC                                   | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |     93000 | PA      | $97447.18     | 0.08%             | 2029-01-15      | Fixed         | 10.25%                | Yes           |                  2 | On Loan: No      |
| CROWN CASTLE INC.                                       | CROWN CASTLE INTL CORP                             | CUSIP: 22823QA68<br>LEI: 54930012H97VSM0I2R19 | Long             | STIV             | CORP              | US        |    500000 | PA      | $499649.90    | 0.41%             |  |  |  | Yes           |                  2 | On Loan: No      |
| JABIL INC.                                              | JABIL INC                                          | CUSIP: 46652MA70<br>LEI: 5493000CGCQY2OQU7669 | Long             | STIV             | CORP              | US        |   1100000 | PA      | $1099061.04   | 0.90%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GEN DIGITAL INC.                                        | GEN DIGITAL INC                                    | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    111000 | PA      | $114365.40    | 0.09%             | 2033-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| DISH DBS Corporation                                    | DISH DBS CORP                                      | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    395000 | PA      | $390087.91    | 0.32%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| THE E.W. SCRIPPS COMPANY                                | SCRIPPS ESCROW II INC                              | CUSIP: 81105DAA3<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |    218000 | PA      | $200357.42    | 0.16%             | 2029-01-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: —       |
| ELLUCIAN HOLDINGS INC.                                  | ELLUCIAN HOLDINGS INC                              | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |    129000 | PA      | $131815.18    | 0.11%             | 2029-12-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| COMMERCIAL METALS COMPANY                               | COMMERCIAL METALS CO                               | CUSIP: 201723AV5<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |    191000 | PA      | $195826.95    | 0.16%             | 2035-12-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FINANCE SA                          | CONSOLIDATED ENERGY FINANCE SA                     | CUSIP: L1957LAE1<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |    199494 | PA      | $162503.55    | 0.13%             | 2030-11-18      | Floating      | 8.20%                 | No            |                  2 | On Loan: No      |
| TKC HOLDINGS, INC.                                      | TKC HOLDINGS INC                                   | CUSIP: 87256YAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    470000 | PA      | $483357.97    | 0.40%             | 2029-05-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                                       | ILIAD HOLDING SASU                                 | CUSIP: 449691AF1<br>LEI: 9695009BGMXB527HV965 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $269351.62    | 0.22%             | 2031-04-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| COVIS EQUITY C                                          | COVIS EQUITY C                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      1622 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SENSATA TECHNOLOGIES, INC.                              | SENSATA TECHNOLOGIES INC                           | CUSIP: 81728UAC8<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    175000 | PA      | $183191.14    | 0.15%             | 2032-07-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: —       |
| UNIVISION COMMUNICATIONS INC.                           | UNIVISION COMMUNICATIONS INC                       | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    205000 | PA      | $220462.96    | 0.18%             | 2032-08-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| UNITI SERVICES LLC                                      | WINDSTREAM SERVICES LLC                            | CUSIP: 97382BAB5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |    215000 | PA      | $220349.99    | 0.18%             | 2033-10-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| MASTERBRAND, INC.                                       | MASTERBRAND INC                                    | CUSIP: 57638PAA2<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | DBT              | CORP              | US        |    350000 | PA      | $363012.38    | 0.30%             | 2032-07-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| DIRECTV FINANCING, LLC                                  | DIRECTV FINANCING LLC                              | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    484000 | PA      | $494749.02    | 0.41%             | 2031-02-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| ESAB CORPORATION                                        | ESAB CORP                                          | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82343.42     | 0.07%             | 2029-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOGY PTE. LTD.               | SEAGATE DATA STORAGE TECHNOLOGY PTE LTD            | CUSIP: 81180LAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    300000 | PA      | $340704.47    | 0.28%             | 2032-12-01      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS, INC.                              | IHEARTCOMMUNICATIONS INC                           | CUSIP: 45174HBK2<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |    197414 | PA      | $161819.94    | 0.13%             | 2031-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Performance Food Group, Inc.                            | PERFORMANCE FOOD GROUP INC                         | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    775000 | PA      | $799953.95    | 0.66%             | 2032-09-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| NCL CORPORATION LTD.                                    | NCL CORP LTD                                       | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    653000 | PA      | $668856.75    | 0.55%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CCO HOLDINGS, LLC                                       | CCO HOLDINGS LLC CCO HOLDINGS CAPITAL CORP         | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1535000 | PA      | $1306851.39   | 1.07%             | 2034-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: —       |
| BRIGHTSTAR LOTTERY PLC                                  | INTERNATIONAL GAME TECHNOLOGY PLC                  | CUSIP: 460599AE3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   1250000 | PA      | $1247007.68   | 1.02%             | 2029-01-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Enpro Inc.                                              | ENPRO INC                                          | CUSIP: 29355XAH0<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128847.00    | 0.11%             | 2033-06-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| TAYLOR MORRISON COMMUNITIES, INC.                       | TAYLOR MORRISON COMM                               | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    175000 | PA      | $178135.55    | 0.15%             | 2028-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| THE HOWARD HUGHES CORPORATION                           | HOWARD HUGHES CORP THE                             | CUSIP: 44267DAF4<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    114000 | PA      | $108435.11    | 0.09%             | 2031-02-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| DISH NETWORK CORPORATION                                | DISH NETWORK CORP                                  | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   1366000 | PA      | $1421471.44   | 1.17%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: —       |
| HUNT COMPANIES, INC.                                    | HUNT COS INC                                       | CUSIP: 445587AE8<br>LEI: 549300ODPWDNCH5TKM49 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243997.05    | 0.20%             | 2029-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| AVIENT CORPORATION                                      | AVIENT CORP                                        | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82255.00     | 0.07%             | 2031-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES, INC.                              | ALBERTSONS COS INC                                 | CUSIP: 01309QAA6<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   1072000 | PA      | $1094133.37   | 0.90%             | 2028-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SEALED AIR CORPORATION                                  | SEALED AIR CORP                                    | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    450000 | PA      | $466426.30    | 0.38%             | 2032-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| GESTION D'ASSURANCES JONES DESLAURIERS INC              | JONES DESLAURIERS INSURANCE MANAGEMENT INC         | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $314316.25    | 0.26%             | 2030-03-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| ACRISURE, LLC                                           | ACRISURE LLC ACRISURE FINANCE INC                  | CUSIP: 00489LAL7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |    168000 | PA      | $174937.83    | 0.14%             | 2030-11-06      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| VIRGIN MEDIA FINANCE PLC                                | VIRGIN MEDIA FINANCE PLC                           | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |      5000 | PA      | $4408.11      | 0.00%             | 2030-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC.                           | UNIVISION COMMUNICATIONS INC                       | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    350000 | PA      | $355497.27    | 0.29%             | 2030-06-30      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP, INC.                           | ASBURY AUTOMOTIVE GROUP INC                        | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    675000 | PA      | $656096.15    | 0.54%             | 2032-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                | SERVICE PROPERTIES TRUST                           | CUSIP: 81761LAE2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    343000 | PA      | $338413.78    | 0.28%             | 2032-06-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| THE BALDWIN INSURANCE GROUP HOLDINGS, LLC               | BALDWIN INSURANCE GROUP HOLDINGS LLC               | CUSIP: 05825XAA7<br>LEI: 5493004GCDREAQPPYG20 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25876.80     | 0.02%             | 2031-05-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| COTY INC.                                               | COTY INC HFC PRESTIGE PRODUCTS INC                 | CUSIP: 22207AAA0<br>LEI: 549300BO9IWPF3S48F93 | Long             | DBT              | CORP              | US        |    339000 | PA      | $347855.96    | 0.29%             | 2030-07-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| COMPASS MINERALS INTERNATIONAL, INC.                    | COMPASS MINERALS INTERNATIONAL INC                 | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |     57000 | PA      | $59645.78     | 0.05%             | 2030-07-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| SEASPAN CORPORATION                                     | SEASPAN CORP                                       | CUSIP: 81254UAK2<br>LEI: 5493007Z8Q1H45KT7W98 | Long             | DBT              | CORP              | MH        |    225000 | PA      | $213504.69    | 0.18%             | 2029-08-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                               | SUNOCO LP                                          | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    106000 | PA      | $108703.40    | 0.09%             | 2199-12-31      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES, INC.                                 | AMERICAN AIRLINES INC                              | CUSIP: 023771T40<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $104397.12    | 0.09%             | 2029-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: —       |
| Consolidated Energy Finance S.A.                        | CONSOLIDATED ENERGY FINANCE SA                     | CUSIP: 20914UAH9<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    116000 | PA      | $81368.09     | 0.07%             | 2031-02-15      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: —       |
| STAR LEASING COMPANY, LLC                               | STAR LEASING CO LLC                                | CUSIP: 854938AA5<br>LEI: 549300WXKNX4PT3HSN71 | Long             | DBT              | CORP              | US        |    110000 | PA      | $102458.47    | 0.08%             | 2030-02-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING, LLC                        | PERMIAN RESOURCES OPERATING LLC                    | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |     21000 | PA      | $21547.97     | 0.02%             | 2033-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| WEEKLEY HOMES, LLC                                      | WEEKLEY HOMES LLC WEEKLEY FINANCE CORP             | CUSIP: 948565AF3<br>LEI: 5493009MTTQO8ZN53F13 | Long             | DBT              | CORP              | US        |    439000 | PA      | $444579.71    | 0.36%             | 2034-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC.                                 | RITCHIE BROS AUCTIONEERS INC                       | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |    250000 | PA      | $261390.22    | 0.21%             | 2031-03-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| FIBERCOP S.P.A.                                         | OPTICS BIDCO SPA                                   | CUSIP: 683879AF7<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    345000 | PA      | $345086.28    | 0.28%             | 2036-07-18      | Fixed         | 7.20%                 | Yes           |                  2 | On Loan: No      |
| M/I HOMES, INC.                                         | M I HOMES INC                                      | CUSIP: 55305BAS0<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |    410000 | PA      | $408357.62    | 0.34%             | 2028-02-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BAHA TRUST                                              | BAHA TRUST 2024 MAR                                | CUSIP: 05493XAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    107226 | PA      | $112383.99    | 0.09%             | 2041-12-10      | Variable      | 7.77%                 | Yes           |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC.                                   | KEURIG DR PEPPER INC                               | CUSIP: 49271KA95<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | STIV             | CORP              | US        |    600000 | PA      | $599433.84    | 0.49%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HCA INC.                                                | HCA INC                                            | CUSIP: 40412DBC2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | STIV             | CORP              | US        |    500000 | PA      | $497554.80    | 0.41%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS, INC.                    | CLEAR CHANNEL OUTDOOR HOLDINGS INC                 | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     92000 | PA      | $91392.68     | 0.07%             | 2029-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| 1261229 B.C. LTD.                                       | 1261229 BC LTD                                     | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    395000 | PA      | $411403.70    | 0.34%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| NOVA Chemicals Corporation                              | NOVA CHEMICALS CORP                                | CUSIP: 66977WAU3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1150000 | PA      | $1228073.12   | 1.01%             | 2030-02-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC.                                         | BOMBARDIER INC                                     | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    212000 | PA      | $224280.30    | 0.18%             | 2033-06-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| THE E.W. SCRIPPS COMPANY                                | EW SCRIPPS CO THE                                  | CUSIP: 811054AH8<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |    136000 | PA      | $135770.15    | 0.11%             | 2030-08-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| SANDISK CORPORATION                                     | SANDISK CORPORATION                                | CUSIP: 80004YAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    144444 | PA      | $145166.67    | 0.12%             | 2031-12-13      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| MSILF Government Portfolio                              | MSILF GOVERNMENT-INST                              | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1870826 | NS      | $1870826.18   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corporation                                    | CARNIVAL CORP                                      | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     64000 | PA      | $66068.81     | 0.05%             | 2033-02-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL AUTO HOLDINGS PLC                                | GLOBAL AUTO HOLDINGS LTD AAG FH UK LTD             | CUSIP: 00033YAA4<br>LEI: 984500ADEF1BB0584352 | Long             | DBT              | CORP              | GB        |    157000 | PA      | $165121.27    | 0.14%             | 2029-08-15      | Fixed         | 11.50%                | Yes           |                  2 | On Loan: No      |
| MONEYGRAM INTERNATIONAL, INC.                           | MOBIUS MERGER SUB INC                              | CUSIP: 606950AA1<br>LEI: 5299002DLX0Q04KC4156 | Long             | DBT              | CORP              | US        |    493000 | PA      | $341432.70    | 0.28%             | 2030-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDINGS INC.                          | JH NORTH AMERICA HOLDINGS INC                      | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61556.93     | 0.05%             | 2032-07-31      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT, INC.                             | CAESARS ENTERTAINMENT INC                          | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    508000 | PA      | $520467.50    | 0.43%             | 2032-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| LITHIA MOTORS, INC.                                     | LITHIA MOTORS INC                                  | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    503000 | PA      | $483240.36    | 0.40%             | 2031-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO                   | INVESCO GVT & AGNCY-INST                           | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2170301 | NS      | $2170301.19   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUELINX HOLDINGS INC.                                  | BLUELINX HOLDINGS INC                              | CUSIP: 09624HAA7<br>LEI: 549300YSX7GU28F5I540 | Long             | DBT              | CORP              | US        |     64000 | PA      | $62771.04     | 0.05%             | 2029-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ACADIA HEALTHCARE COMPANY, INC.                         | ACADIA HEALTHCARE CO INC                           | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    156000 | PA      | $157601.34    | 0.13%             | 2033-03-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: —       |
| GXO LOGISTICS, INC.                                     | GXO LOGISTICS INC                                  | CUSIP: 36262GAG6<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |    134000 | PA      | $144806.36    | 0.12%             | 2034-05-06      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS, LLC                             | AXALTA COATING SYSTEMS LLC                         | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |    300000 | PA      | $288336.86    | 0.24%             | 2029-02-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Aris Mining Corporation                                 | ARIS MINING CORP                                   | CUSIP: 04040YAB5<br>LEI: 5493001GJ5TILX6L1F82 | Long             | DBT              | CORP              | CA        |     90000 | PA      | $93999.49     | 0.08%             | 2029-10-31      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Performance Food Group, Inc.                            | PERFORMANCE FOOD GROUP INC                         | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24497.24     | 0.02%             | 2029-08-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** Victory Portfolios

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer