# EDGAR Filing Document

**Accession Number:** 0001497778
**File Stem:** 0000940400-25-002922
**Filing Date:** 2025-9
**Character Count:** 173761
**Document Hash:** 56adf2c8756cff7565e413e81ba1449d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-002922.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0000940400-25-002922

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST TRUST SERIES FUND
- **CENTRAL INDEX KEY:** 0001497778

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22452
- **FILM NUMBER:** 251349208

**BUSINESS ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187
- **BUSINESS PHONE:** 630-765-8000

**MAIL ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187

## Series and Classes Contracts Data

### First Trust Short Duration High Income Fund (Series ID: S000038285)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000118178 | Class A      | FDHAX           |
| C000121471 | Class C      | FDHCX           |
| C000121472 | Class I      | FDHIX           |

## Nport-Ex

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments** 

**July 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES – 48.5%** | **CORPORATE BONDS AND NOTES – 48.5%** | **CORPORATE BONDS AND NOTES – 48.5%** | **CORPORATE BONDS AND NOTES – 48.5%** | **CORPORATE BONDS AND NOTES – 48.5%** |
|  | **Aerospace & Defense – 1.5%** |  |  |  |
| $288000 | TransDigm, Inc. (a) | 6.63<br> % <br>| 03/01/32 | $296501 |
| 83000 | TransDigm, Inc. (a) | 6.00<br> % <br>| 01/15/33 | 83483 |
| 683000 | TransDigm, Inc. (a) | 6.38<br> % <br>| 05/31/33 | 689046 |
|  |  |  |  | 1069030 |
|  | **Alternative Carriers – 0.9%** |  |  |  |
| 84000 | Cogent Communications Group LLC / Cogent Finance, Inc. (a) | 6.50<br> % <br>| 07/01/32 | 82423 |
| 489152 | Level 3 Financing, Inc. (a) | 11.00<br> % <br>| 11/15/29 | 555200 |
|  |  |  |  | 637623 |
|  | **Apparel Retail – 0.4%** |  |  |  |
| 289000 | Hanesbrands, Inc. (a) | 9.00<br> % <br>| 02/15/31 | 304547 |
|  | **Apparel, Accessories & Luxury Goods – 0.1%** |  |  |  |
| 55000 | Under Armour, Inc. (a) | 7.25<br> % <br>| 07/15/30 | 56252 |
|  | **Application Software – 3.5%** |  |  |  |
| 188000 | Cloud Software Group, Inc. (a) | 6.50<br> % <br>| 03/31/29 | 189990 |
| 337000 | Cloud Software Group, Inc. (a) | 9.00<br> % <br>| 09/30/29 | 348994 |
| 267000 | Cloud Software Group, Inc. (a) | 8.25<br> % <br>| 06/30/32 | 284510 |
| 69000 | Ellucian Holdings, Inc. (a) | 6.50<br> % <br>| 12/01/29 | 70071 |
| 193800 | GoTo Group, Inc. (a) | 5.50<br> % <br>| 05/01/28 | 66376 |
| 631000 | RingCentral, Inc. (a) | 8.50<br> % <br>| 08/15/30 | 671125 |
| 815000 | UKG, Inc. (a) | 6.88<br> % <br>| 02/01/31 | 837241 |
|  |  |  |  | 2468307 |
|  | **Asset Management & Custody Banks – 0.3%** |  |  |  |
| 146000 | Osaic Holdings, Inc. (a) | 6.75<br> % <br>| 08/01/32 | 147878 |
| 54000 | Osaic Holdings, Inc. (a) | 8.00<br> % <br>| 08/01/33 | 54918 |
|  |  |  |  | 202796 |
|  | **Automotive Retail – 0.4%** |  |  |  |
| 250000 | Mavis Tire Express Services Topco Corp. (a) | 6.50<br> % <br>| 05/15/29 | 247246 |
|  | **Broadcasting – 0.8%** |  |  |  |
| 285000 | Gray Television, Inc. (a) | 4.75<br> % <br>| 10/15/30 | 213394 |
| 628000 | iHeartCommunications, Inc. (a) | 10.88<br> % <br>| 05/01/30 | 312625 |
| 57000 | Sinclair Television Group, Inc. (a) | 5.13<br> % <br>| 02/15/27 | 55001 |
|  |  |  |  | 581020 |
|  | **Building Products – 1.6%** |  |  |  |
| 320000 | Builders FirstSource, Inc. (a) | 6.38<br> % <br>| 03/01/34 | 325107 |
| 61000 | Builders FirstSource, Inc. (a) | 6.75<br> % <br>| 05/15/35 | 62620 |
| 178000 | CP Atlas Buyer, Inc. (a) | 9.75<br> % <br>| 07/15/30 | 179725 |
| 86000 | Miter Brands Acquisition Holdco, Inc. / MIWD Borrower LLC (a) | 6.75<br> % <br>| 04/01/32 | 87858 |
| 321000 | Standard Building Solutions, Inc. (a) | 6.50<br> % <br>| 07/30/32 | 328024 |
| 142000 | Standard Building Solutions, Inc. (a) | 6.25<br> % <br>| 08/01/33 | 143462 |
|  |  |  |  | 1126796 |
|  | **Cable & Satellite – 1.4%** |  |  |  |
| 678000 | DISH Network Corp. (a) | 11.75<br> % <br>| 11/15/27 | 706694 |
| 274148 | EchoStar Corp. | 10.75<br> % <br>| 11/30/29 | 289104 |
|  |  |  |  | 995798 |
|  | **Casinos & Gaming – 1.2%** |  |  |  |
| 300000 | Caesars Entertainment, Inc. (a) | 6.00<br> % <br>| 10/15/32 | 289792 |

---

------

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments (Continued)**

**July 31, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Casinos & Gaming (Continued)** |  |  |  |
| $50000 | &nbsp;&nbsp; Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., <br> Inc. (a)<br>| 4.63<br> % <br>| 01/15/29 | $47573 |
| 369000 | &nbsp;&nbsp; Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., <br> Inc. (a)<br>| 6.75<br> % <br>| 01/15/30 | 347453 |
| 181000 | &nbsp;&nbsp; Scientific Games Holdings, L.P. / Scientific Games US Finance Co., <br> Inc. (a)<br>| 6.63<br> % <br>| 03/01/30 | 174492 |
|  |  |  |  | 859310 |
|  | **Commercial & Residential Mortgage Finance – 0.3%** |  |  |  |
| 188000 | Rocket Cos, Inc. (a) | 6.38<br> % <br>| 08/01/33 | 191992 |
|  | **Commercial Printing – 0.3%** |  |  |  |
| 243000 | LABL, Inc. (a) | 8.63<br> % <br>| 10/01/31 | 202120 |
|  | **Construction & Engineering – 0.4%** |  |  |  |
| 95000 | AECOM (a) | 6.00<br> % <br>| 08/01/33 | 95836 |
| 150000 | Pike Corp. (a) | 8.63<br> % <br>| 01/31/31 | 161489 |
| 30000 | Williams Scotsman, Inc. (a) | 6.63<br> % <br>| 04/15/30 | 30955 |
|  |  |  |  | 288280 |
|  | **Construction Materials – 0.6%** |  |  |  |
| 129000 | JH North America Holdings, Inc. (a) | 6.13<br> % <br>| 07/31/32 | 130435 |
| 288000 | Quikrete Holdings, Inc. (a) | 6.75<br> % <br>| 03/01/33 | 295564 |
|  |  |  |  | 425999 |
|  | **Consumer Finance – 0.8%** |  |  |  |
| 59000 | EZCORP, Inc. (a) | 7.38<br> % <br>| 04/01/32 | 61594 |
| 499000 | FirstCash, Inc. (a) | 6.88<br> % <br>| 03/01/32 | 512151 |
|  |  |  |  | 573745 |
|  | **Diversified Metals & Mining – 0.1%** |  |  |  |
| 57000 | SCIH Salt Holdings, Inc. (a) | 4.88<br> % <br>| 05/01/28 | 55395 |
|  | **Electric Utilities – 0.7%** |  |  |  |
| 126000 | Alpha Generation LLC (a) | 6.75<br> % <br>| 10/15/32 | 129048 |
| 377000 | Lightning Power LLC (a) | 7.25<br> % <br>| 08/15/32 | 394424 |
|  |  |  |  | 523472 |
|  | **Environmental & Facilities Services – 1.2%** |  |  |  |
| 129000 | Allied Universal Holdco LLC (a) | 7.88<br> % <br>| 02/15/31 | 135361 |
| 188000 | Allied Universal Holdco LLC / Allied Universal Finance Corp. (a) | 6.88<br> % <br>| 06/15/30 | 192585 |
| 461000 | Waste Pro USA, Inc. (a) | 7.00<br> % <br>| 02/01/33 | 479469 |
|  |  |  |  | 807415 |
|  | **Fertilizers & Agricultural Chemicals – 0.2%** |  |  |  |
| 135000 | Scotts Miracle-Gro Co. (The) | 4.38<br> % <br>| 02/01/32 | 122882 |
|  | **Food Distributors – 0.3%** |  |  |  |
| 221000 | US Foods, Inc. (a) | 5.75<br> % <br>| 04/15/33 | 219520 |
|  | **Health Care Facilities – 1.5%** |  |  |  |
| 270000 | AHP Health Partners, Inc. (a) | 5.75<br> % <br>| 07/15/29 | 261019 |
| 34000 | Concentra Escrow Issuer Corp. (a) | 6.88<br> % <br>| 07/15/32 | 34977 |
| 792000 | Select Medical Corp. (a) | 6.25<br> % <br>| 12/01/32 | 790922 |
|  |  |  |  | 1086918 |

---

------

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments (Continued)**

**July 31, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Health Care Services – 0.9%** |  |  |  |
| $417000 | Raven Acquisition Holdings LLC (a) | 6.88<br> % <br>| 11/15/31 | $422224 |
| 132000 | Service Corp. International | 5.75<br> % <br>| 10/15/32 | 132478 |
| 55000 | Surgery Center Holdings, Inc. (a) | 7.25<br> % <br>| 04/15/32 | 56620 |
|  |  |  |  | 611322 |
|  | **Health Care Supplies – 0.4%** |  |  |  |
| 250000 | Medline Borrower, L.P. (a) | 5.25<br> % <br>| 10/01/29 | 245272 |
|  | **Homebuilding – 0.2%** |  |  |  |
| 114000 | Ashton Woods USA LLC / Ashton Woods Finance Co. (a) | 6.88<br> % <br>| 08/01/33 | 113849 |
|  | **Hotels, Resorts & Cruise Lines – 0.2%** |  |  |  |
| 28000 | RHP Hotel Properties LP / RHP Finance Corp. (a) | 6.50<br> % <br>| 06/15/33 | 28695 |
| 106000 | Vail Resorts, Inc. (a) | 6.50<br> % <br>| 05/15/32 | 109012 |
|  |  |  |  | 137707 |
|  | **Household Products – 1.1%** |  |  |  |
| 739000 | Energizer Holdings, Inc. (a) | 6.50<br> % <br>| 12/31/27 | 750536 |
|  | **Housewares & Specialties – 0.4%** |  |  |  |
| 43000 | Newell Brands, Inc. (a) | 8.50<br> % <br>| 06/01/28 | 45166 |
| 250000 | Newell Brands, Inc. | 6.63<br> % <br>| 05/15/32 | 239707 |
|  |  |  |  | 284873 |
|  | **Human Resource & Employment Services – 1.0%** |  |  |  |
| 400000 | TriNet Group, Inc. (a) | 7.13<br> % <br>| 08/15/31 | 412010 |
| 410000 | ZipRecruiter, Inc. (a) | 5.00<br> % <br>| 01/15/30 | 310673 |
|  |  |  |  | 722683 |
|  | **Industrial Machinery & Supplies & Components – 0.9%** |  |  |  |
| 137000 | EMRLD Borrower, L.P. / Emerald Co-Issuer, Inc. (a) | 6.63<br> % <br>| 12/15/30 | 139858 |
| 79000 | Gates Corp. (The) (a) | 6.88<br> % <br>| 07/01/29 | 81396 |
| 289000 | Madison IAQ LLC (a) | 5.88<br> % <br>| 06/30/29 | 281631 |
| 125000 | SPX FLOW, Inc. (a) | 8.75<br> % <br>| 04/01/30 | 129218 |
|  |  |  |  | 632103 |
|  | **Insurance Brokers – 8.4%** |  |  |  |
| 705000 | Acrisure LLC / Acrisure Finance, Inc. (a) | 7.50<br> % <br>| 11/06/30 | 728786 |
| 250000 | Acrisure LLC / Acrisure Finance, Inc. (a) | 6.75<br> % <br>| 07/01/32 | 253282 |
| 856000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer (a) | 6.75<br> % <br>| 10/15/27 | 857458 |
| 231000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer (a) | 6.50<br> % <br>| 10/01/31 | 234644 |
| 66000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer (a) | 7.38<br> % <br>| 10/01/32 | 67929 |
| 755000 | &nbsp;&nbsp; Baldwin Insurance Group Holdings LLC / Baldwin Insurance Group <br> Holdings Finance (a)<br>| 7.13<br> % <br>| 05/15/31 | 780172 |
| 620000 | HUB International Ltd. (a) | 7.25<br> % <br>| 06/15/30 | 646698 |
| 625000 | HUB International Ltd. (a) | 7.38<br> % <br>| 01/31/32 | 651171 |
| 929000 | Panther Escrow Issuer LLC (a) | 7.13<br> % <br>| 06/01/31 | 961271 |
| 752000 | Ryan Specialty LLC (a) | 5.88<br> % <br>| 08/01/32 | 754740 |
|  |  |  |  | 5936151 |
|  | **Interactive Media & Services – 0.3%** |  |  |  |
| 171000 | Snap, Inc. (a) | 6.88<br> % <br>| 03/01/33 | 175463 |
| 60000 | ZoomInfo Technologies LLC / ZoomInfo Finance Corp. (a) | 3.88<br> % <br>| 02/01/29 | 56469 |
|  |  |  |  | 231932 |

---

------

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments (Continued)**

**July 31, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Investment Banking & Brokerage – 0.2%** |  |  |  |
| $84000 | Jane Street Group / JSG Finance, Inc. (a) | 6.13<br> % <br>| 11/01/32 | $83405 |
| 84000 | Jane Street Group / JSG Finance, Inc. (a) | 6.75<br> % <br>| 05/01/33 | 86021 |
|  |  |  |  | 169426 |
|  | **IT Consulting & Other Services – 0.0%** |  |  |  |
| 28000 | CACI International, Inc. (a) | 6.38<br> % <br>| 06/15/33 | 28666 |
|  | **Leisure Facilities – 0.4%** |  |  |  |
| 93000 | Life Time, Inc. (a) | 6.00<br> % <br>| 11/15/31 | 93744 |
| 62000 | Six Flags Entertainment Corp. (a) | 7.25<br> % <br>| 05/15/31 | 63238 |
| 136000 | &nbsp;&nbsp; Six Flags Entertainment Corp. / Six Flags Theme Parks, Inc. / <br> Canada's Wonderland Co. (a)<br>| 6.63<br> % <br>| 05/01/32 | 138590 |
|  |  |  |  | 295572 |
|  | **Leisure Products – 0.1%** |  |  |  |
| 90000 | Amer Sports Co. (a) | 6.75<br> % <br>| 02/16/31 | 93696 |
|  | **Life Sciences Tools & Services – 1.2%** |  |  |  |
| 226000 | Charles River Laboratories International, Inc. (a) | 4.00<br> % <br>| 03/15/31 | 207621 |
| 234000 | Fortrea Holdings, Inc. (a) | 7.50<br> % <br>| 07/01/30 | 214238 |
| 394000 | Star Parent, Inc. (a) | 9.00<br> % <br>| 10/01/30 | 414822 |
|  |  |  |  | 836681 |
|  | **Managed Health Care – 0.7%** |  |  |  |
| 520000 | Molina Healthcare, Inc. (a) | 6.25<br> % <br>| 01/15/33 | 513694 |
|  | **Metal, Glass & Plastic Containers – 0.1%** |  |  |  |
| 31000 | Magnera Corp. (a) | 7.25<br> % <br>| 11/15/31 | 29211 |
|  | **Office Services & Supplies – 0.4%** |  |  |  |
| 269000 | Shift4 Payments LLC / Shift4 Payments Finance Sub, Inc. (a) | 6.75<br> % <br>| 08/15/32 | 278064 |
|  | **Oil & Gas Refining & Marketing – 1.2%** |  |  |  |
| 355000 | Venture Global LNG, Inc. (a) | 8.38<br> % <br>| 06/01/31 | 367439 |
| 470000 | Venture Global LNG, Inc. (a) | 9.88<br> % <br>| 02/01/32 | 507397 |
|  |  |  |  | 874836 |
|  | **Oil & Gas Storage & Transportation – 1.0%** |  |  |  |
| 14000 | Venture Global Plaquemines LNG LLC (a) | 7.50<br> % <br>| 05/01/33 | 15128 |
| 61000 | Venture Global Plaquemines LNG LLC (a) | 6.50<br> % <br>| 01/15/34 | 62792 |
| 446000 | Venture Global Plaquemines LNG LLC (a) | 7.75<br> % <br>| 05/01/35 | 489303 |
| 132000 | Venture Global Plaquemines LNG LLC (a) | 6.75<br> % <br>| 01/15/36 | 135872 |
|  |  |  |  | 703095 |
|  | **Packaged Foods & Meats – 3.0%** |  |  |  |
| 106000 | BellRing Brands, Inc. (a) | 7.00<br> % <br>| 03/15/30 | 110068 |
| 313000 | Fiesta Purchaser, Inc. (a) | 7.88<br> % <br>| 03/01/31 | 331120 |
| 315000 | Fiesta Purchaser, Inc. (a) | 9.63<br> % <br>| 09/15/32 | 333670 |
| 159000 | Lamb Weston Holdings, Inc. (a) | 4.38<br> % <br>| 01/31/32 | 148702 |
| 160000 | Performance Food Group, Inc. (a) | 6.13<br> % <br>| 09/15/32 | 162678 |
| 687000 | Post Holdings, Inc. (a) | 6.25<br> % <br>| 02/15/32 | 700690 |
| 335000 | Post Holdings, Inc. (a) | 6.38<br> % <br>| 03/01/33 | 335585 |
|  |  |  |  | 2122513 |
|  | **Paper & Plastic Packaging Products & Materials – 2.1%** |  |  |  |
| 146000 | Clydesdale Acquisition Holdings, Inc. (a) | 6.75<br> % <br>| 04/15/32 | 149648 |
| 1153000 | Graham Packaging Co., Inc. (a) | 7.13<br> % <br>| 08/15/28 | 1152189 |

---

------

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments (Continued)**

**July 31, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Paper & Plastic Packaging Products & Materials (Continued)** |  |  |  |
| $109000 | Graphic Packaging International LLC (a) | 6.38<br> % <br>| 07/15/32 | $110451 |
| 87000 | Sealed Air Corp. (a) | 7.25<br> % <br>| 02/15/31 | 90537 |
|  |  |  |  | 1502825 |
|  | **Passenger Ground Transportation – 0.3%** |  |  |  |
| 213000 | Avis Budget Car Rental LLC / Avis Budget Finance, Inc. (a) | 8.25<br> % <br>| 01/15/30 | 219369 |
|  | **Real Estate Operating Companies – 0.4%** |  |  |  |
| 297000 | Service Properties Trust | 8.88<br> % <br>| 06/15/32 | 310826 |
|  | **Real Estate Services – 0.1%** |  |  |  |
| 74000 | Cushman & Wakefield US Borrower LLC (a) | 8.88<br> % <br>| 08/24/33 | 79378 |
|  | **Research & Consulting Services – 0.7%** |  |  |  |
| 500000 | Clarivate Science Holdings Corp. (a) | 4.88<br> % <br>| 07/01/29 | 468671 |
|  | **Restaurants – 0.4%** |  |  |  |
| 53000 | Brinker International, Inc. (a) | 8.25<br> % <br>| 07/15/30 | 56264 |
| 150000 | Papa John's International, Inc. (a) | 3.88<br> % <br>| 09/15/29 | 143532 |
| 47000 | Raising Cane's Restaurants LLC (a) | 9.38<br> % <br>| 05/01/29 | 49649 |
|  |  |  |  | 249445 |
|  | **Security & Alarm Services – 0.5%** |  |  |  |
| 318000 | Brink's Co. (The) (a) | 6.75<br> % <br>| 06/15/32 | 327875 |
|  | **Specialized Consumer Services – 1.1%** |  |  |  |
| 734000 | Wand NewCo 3, Inc. (a) | 7.63<br> % <br>| 01/30/32 | 771295 |
|  | **Systems Software – 0.3%** |  |  |  |
| 212000 | Gen Digital, Inc. (a) | 6.25<br> % <br>| 04/01/33 | 216659 |
|  | **Technology Hardware, Storage & Peripherals – 0.2%** |  |  |  |
| 144000 | Fair Isaac Corp. (a) | 6.00<br> % <br>| 05/15/33 | 145036 |
|  | **Trading Companies & Distributors – 1.8%** |  |  |  |
| 60000 | EquipmentShare.com, Inc. (a) | 9.00<br> % <br>| 05/15/28 | 63310 |
| 147000 | EquipmentShare.com, Inc. (a) | 8.00<br> % <br>| 03/15/33 | 153605 |
| 103000 | Herc Holdings, Inc. (a) | 6.63<br> % <br>| 06/15/29 | 105527 |
| 196000 | Herc Holdings, Inc. (a) | 7.25<br> % <br>| 06/15/33 | 203105 |
| 342000 | QXO Building Products, Inc. (a) | 6.75<br> % <br>| 04/30/32 | 353037 |
| 290000 | Veritiv Operating Co. (a) | 10.50<br> % <br>| 11/30/30 | 314687 |
| 90000 | WESCO Distribution, Inc. (a) | 6.38<br> % <br>| 03/15/33 | 92210 |
|  |  |  |  | 1285481 |
|  | **Transaction & Payment Processing Services – 0.0%** |  |  |  |
| 15000 | WEX, Inc. (a) | 6.50<br> % <br>| 03/15/33 | 15207 |
|  | **Total Corporate Bonds and Notes** | **Total Corporate Bonds and Notes** | **Total Corporate Bonds and Notes** | 34250412 |
|  | (Cost $34,009,186) |  |  |  |
| **Principal**<br> **Value**<br>| **Description** | **Rate (b)** | **Stated**<br> **Maturity (c)**<br>| **Value** |
| **SENIOR FLOATING-RATE LOAN INTERESTS – 39.1%** | **SENIOR FLOATING-RATE LOAN INTERESTS – 39.1%** | **SENIOR FLOATING-RATE LOAN INTERESTS – 39.1%** | **SENIOR FLOATING-RATE LOAN INTERESTS – 39.1%** | **SENIOR FLOATING-RATE LOAN INTERESTS – 39.1%** |
|  | **Advertising – 0.3%** |  |  |  |
| 173792 | &nbsp;&nbsp; WH Borrower LLC (WHP), Term Loan B, 3 Mo. CME Term SOFR <br> + 4.75%, 0.50% Floor<br>| 9.07<br> % <br>| 02/20/32 | 174023 |

---

------

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments (Continued)**

**July 31, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Rate (b)** | **Stated**<br> **Maturity (c)**<br>| **Value** |
| **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** |
|  | **Aerospace & Defense – 0.2%** |  |  |  |
| $155017 | &nbsp;&nbsp; Spirit AeroSystems, Inc., Term Loan B, 3 Mo. CME Term SOFR + <br> 4.50%, 0.50% Floor<br>| 8.81<br> % <br>| 01/15/27 | $155521 |
|  | **Apparel Retail – 0.1%** |  |  |  |
| 87253 | &nbsp;&nbsp; Authentic Brands Group (ABG Intermediate Holdings 2 LLC), Refi <br> Term Loan B, 1 Mo. CME Term SOFR + 2.25%, 0.00% Floor <br>| 6.61<br> % <br>| 12/21/28 | 87198 |
|  | **Application Software – 5.7%** |  |  |  |
| 107942 | &nbsp;&nbsp; Clearwater Analytics LLC, Term Loan B, 6 Mo. CME Term SOFR <br> + 2.25%, 0.00% Floor<br>| 6.46<br> % <br>| 04/21/32 | 108348 |
| 119085 | &nbsp;&nbsp; ConnectWise LLC, Term Loan B, 3 Mo. CME Term SOFR + CSA <br> + 3.50%, 0.50% Floor<br>| 8.06<br> % <br>| 09/30/28 | 119648 |
| 685411 | &nbsp;&nbsp; Darktrace PLC (Leia Finco US LLC), Second Lien Term Loan, 3 <br> Mo. CME Term SOFR + 5.25%, 0.00% Floor<br>| 9.57<br> % <br>| 10/09/32 | 688838 |
| 132484 | &nbsp;&nbsp; Genesys Cloud Services Holding II LLC, Term Loan B, 1 Mo. <br> CME Term SOFR + 2.50%, 0.00% Floor<br>| 6.86<br> % <br>| 01/31/32 | 132519 |
| 195374 | &nbsp;&nbsp; Inmar, Inc., Refi Term Loan , 3 Mo. CME Term SOFR + 4.50%, <br> 0.00% Floor<br>| 8.80<br> % <br>| 10/30/31 | 197002 |
| 356108 | &nbsp;&nbsp; Internet Brands, Inc. (Web MD / MH Sub I. LLC), 2023 New Term <br> Loan B, 1 Mo. CME Term SOFR + 4.25%, 0.50% Floor <br>| 8.61<br> % <br>| 05/03/28 | 340551 |
| 670367 | &nbsp;&nbsp; LogMeIn, Inc. (GoTo Group, Inc.), First Lien First Out TL, 3 Mo. <br> CME Term SOFR + CSA + 4.75%, 0.00% Floor <br>| 9.22<br> % <br>| 04/30/28 | 593275 |
| 585583 | &nbsp;&nbsp; LogMeIn, Inc. (GoTo Group, Inc.), First Lien Second Out TL, 3 <br> Mo. CME Term SOFR + CSA + 4.75%, 0.00% Floor <br>| 9.22<br> % <br>| 04/30/28 | 221789 |
| 685551 | &nbsp;&nbsp; McAfee Corp. (Condor Merger Sub, Inc.), Term Loan B-1, 1 Mo. <br> CME Term SOFR + 3.00%, 0.50% Floor<br>| 7.33<br> % <br>| 03/01/29 | 664412 |
| 130078 | &nbsp;&nbsp; N-Able, Inc., Term Loan B, 3 Mo. CME Term SOFR + CSA + <br> 2.75%, 0.50% Floor<br>| 7.34<br> % <br>| 07/19/28 | 130566 |
| 124028 | &nbsp;&nbsp; Orion US Finco, 1st Lien Term Loan B, 1 Mo. CME Term SOFR + <br> 3.50%, 0.00% Floor<br>| 7.85<br> % <br>| 07/31/32 | 124751 |
| 149417 | &nbsp;&nbsp; Qlik Technologies (Project Alpha Intermediate Holding, Inc.), <br> Second Lien Term Loan, 3 Mo. CME Term SOFR + 5.00%, <br> 0.50% Floor <br>| 9.30<br> % <br>| 05/08/33 | 149698 |
| 101315 | &nbsp;&nbsp; Qlik Technologies (Project Alpha Intermediate Holding, Inc.), Term <br> Loan B, 3 Mo. CME Term SOFR + 3.25%, 0.50% Floor <br>| 7.55<br> % <br>| 10/28/30 | 101682 |
| 169026 | &nbsp;&nbsp; Starlight Parent LLC, Term Loan B, 1 Mo. CME Term SOFR + <br> 4.00%, 0.00% Floor<br>| 8.34<br> % <br>| 04/16/32 | 167336 |
| 164516 | X.AI LLC, Fixed Rate Term Loan | 12.50<br> % <br>| 06/30/30 | 165662 |
| 105000 | &nbsp;&nbsp; X.AI LLC, Floating Rate Term Loan B, 3 Mo. CME Term SOFR + <br> 7.25%, 0.00% Floor<br>| 11.55<br> % <br>| 06/30/30 | 100855 |
|  |  |  |  | 4006932 |
|  | **Asset Management & Custody Banks – 1.5%** |  |  |  |
| 201672 | &nbsp;&nbsp; Ascensus Holdings, Inc., Term Loan B, 1 Mo. CME Term SOFR + <br> 3.00%, 0.00% Floor<br>| 7.36<br> % <br>| 08/02/28 | 202122 |
| 375628 | &nbsp;&nbsp; Edelman Financial Engines Center LLC, Refi Term Loan B, 1 Mo. <br> CME Term SOFR + 3.00%, 0.00% Floor<br>| 7.36<br> % <br>| 04/07/28 | 376618 |
| 366581 | &nbsp;&nbsp; Edelman Financial Engines Center LLC, Second Lien Term Loan, 1 <br> Mo. CME Term SOFR + 5.25%, 0.00% Floor <br>| 9.61<br> % <br>| 10/06/28 | 369482 |
| 135288 | Jump Financial LLC, Term Loan B, 3 Mo. SOFR + 3.50% | 7.80<br> % <br>| 02/26/32 | 135288 |
|  |  |  |  | 1083510 |
|  | **Automotive Retail – 1.0%** |  |  |  |
| 266609 | &nbsp;&nbsp; Highline Aftermarket Acquisition LLC, Refi Term Loan B, 1 Mo. <br> CME Term SOFR + 3.50%, 0.75% Floor<br>| 7.86<br> % <br>| 02/19/30 | 268775 |

---

------

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments (Continued)**

**July 31, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Rate (b)** | **Stated**<br> **Maturity (c)**<br>| **Value** |
| **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** |
|  | **Automotive Retail (Continued)** |  |  |  |
| $460157 | &nbsp;&nbsp; Mavis Tire Express Services Topco Corp., Refi Term Loan B, 3 <br> Mo. CME Term SOFR + 3.00%, 0.75% Floor<br>| 7.33<br> % <br>| 05/04/28 | $461259 |
|  |  |  |  | 730034 |
|  | **Casinos & Gaming – 0.1%** |  |  |  |
| 94361 | &nbsp;&nbsp; Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., <br> Inc., Refi Term Loan, 1 Mo. CME Term SOFR + 3.25%, 0.50% <br> Floor <br>| 7.60<br> % <br>| 01/29/29 | 94547 |
|  | **Construction & Engineering – 0.1%** |  |  |  |
| 74269 | &nbsp;&nbsp; Centuri Group, Inc., Term Loan B, 1 Mo. CME Term SOFR + <br> 2.25%, 0.00% Floor<br>| 6.61<br> % <br>| 07/01/32 | 74536 |
|  | **Construction Materials – 0.7%** |  |  |  |
| 79452 | &nbsp;&nbsp; Knife River Corp., Term Loan B, 3 Mo. CME Term SOFR + <br> 2.00%, 0.00% Floor<br>| 6.31<br> % <br>| 03/07/32 | 79849 |
| 299242 | &nbsp;&nbsp; Quikrete Holdings, Inc., Term Loan B2 2029, 1 Mo. CME Term <br> SOFR + 2.25%, 0.00% Floor<br>| 6.61<br> % <br>| 03/18/29 | 299689 |
| 140648 | &nbsp;&nbsp; Quikrete Holdings, Inc., Term Loan B3 2032, 1 Mo. CME Term <br> SOFR + 2.25%, 0.00% Floor<br>| 6.61<br> % <br>| 02/10/32 | 140700 |
|  |  |  |  | 520238 |
|  | **Consumer Electronics – 0.0%** |  |  |  |
| 26506 | &nbsp;&nbsp; Minimax Viking Gmbh (MX Holdings), Term Loan B, 1 Mo. CME <br> Term SOFR + 2.25%, 0.00% Floor<br>| 6.61<br> % <br>| 03/17/32 | 26664 |
|  | **Data Processing & Outsourced Services – 0.3%** |  |  |  |
| 72310 | &nbsp;&nbsp; Paysafe Holdings US Corp., Facility B1 Loan, 3 Mo. CME Term <br> SOFR + CSA + 2.75%, 0.50% Floor<br>| 7.34<br> % <br>| 06/28/28 | 72340 |
| 135177 | &nbsp;&nbsp; Skopima Consilio Parent LLC, Refi Term Loan B, 1 Mo. CME <br> Term SOFR + 3.75%, 0.50% Floor<br>| 8.11<br> % <br>| 05/17/28 | 133762 |
|  |  |  |  | 206102 |
|  | **Diversified Support Services – 0.2%** |  |  |  |
| 178771 | &nbsp;&nbsp; Vestis Corp., Term Loan B-1, 3 Mo. CME Term SOFR + 2.25%, <br> 0.00% Floor<br>| 6.58<br> % <br>| 02/22/31 | 171620 |
|  | **Drug Retail – 0.1%** |  |  |  |
| 39662 | &nbsp;&nbsp; Boots Group Finco LP., Term Loan B, 1 Mo. CME Term SOFR + <br> 3.50%, 0.00% Floor<br>| 7.85<br> % <br>| 07/17/32 | 39687 |
|  | **Education Services – 0.1%** |  |  |  |
| 98452 | &nbsp;&nbsp; Prometric Holdings, Inc., Term Loan B, 1 Mo. CME Term SOFR + <br> 3.75%, 0.00% Floor<br>| 8.22<br> % <br>| 06/24/32 | 99252 |
|  | **Electronic Equipment & Instruments – 1.0%** |  |  |  |
| 280980 | &nbsp;&nbsp; Chariot Buyer LLC, Extended Term Loan, 1 Mo. CME Term SOFR <br> + 3.00%, 0.00% Floor<br>| 7.35<br> % <br>| 09/01/32 | 281213 |
| 122503 | &nbsp;&nbsp; DG Investment Intermediate Holdings 2, Inc., Second Lien, 1 Mo. <br> CME Term SOFR + 5.50%, 0.00% Floor<br>| 9.86<br> % <br>| 07/23/33 | 122197 |
| 52867 | &nbsp;&nbsp; DG Investment Intermediate Holdings 2, Inc., Term Loan B, 1 Mo. <br> CME Term SOFR + 3.75%, 0.00% Floor<br>| 8.09<br> % <br>| 07/02/32 | 53083 |
| 252036 | &nbsp;&nbsp; VeriFone Systems, Inc., Extended Term Loan, 3 Mo. CME Term <br> SOFR + CSA + 5.50%, 0.00% Floor<br>| 10.07<br> % <br>| 08/21/28 | 244002 |
|  |  |  |  | 700495 |

---

------

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments (Continued)**

**July 31, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Rate (b)** | **Stated**<br> **Maturity (c)**<br>| **Value** |
| **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** |
|  | **Footwear – 0.2%** |  |  |  |
| $131105 | &nbsp;&nbsp; Beach Acquisition Bidco LLC, Term Loan B, 1 Mo. CME Term <br> SOFR + 3.25%, 0.00% Floor<br>| 7.60<br> % <br>| 07/31/32 | $132089 |
|  | **Health Care Facilities – 0.7%** |  |  |  |
| 165209 | &nbsp;&nbsp; Ardent Health Services, Inc. (AHP Health Partners, Inc.), 2024 Refi <br> Term Loan, 1 Mo. CME Term SOFR + 2.75%, 0.50% Floor <br>| 7.11<br> % <br>| 08/24/28 | 165725 |
| 353860 | &nbsp;&nbsp; IVC Evidensia (VetStrategy Canada / IVC Acquisition Midco Ltd.), <br> Term Loan B-12, 3 Mo. CME Term SOFR + 3.75%, 0.50% Floor <br>| 8.05<br> % <br>| 12/06/28 | 356181 |
|  |  |  |  | 521906 |
|  | **Health Care Services – 2.5%** |  |  |  |
| 370983 | &nbsp;&nbsp; Ensemble RCM LLC, 2024 Refi Loan, 3 Mo. CME Term SOFR + <br> 3.00%, 0.00% Floor<br>| 7.31<br> % <br>| 08/01/29 | 373122 |
| 681447 | &nbsp;&nbsp; ExamWorks Group, Inc. (Electron Bidco), Refi Term Loan, 1 Mo. <br> CME Term SOFR + 2.75%, 0.50% Floor<br>| 7.11<br> % <br>| 11/01/28 | 683791 |
| 50405 | &nbsp;&nbsp; Onex TSG Intermediate Corp., Term Loan B, 3 Mo. CME Term <br> SOFR + 3.75%, 0.00% Floor<br>| 8.00<br> % <br>| 07/24/32 | 50573 |
| 617926 | &nbsp;&nbsp; Opal US LLC, Facility B2 (USD), 6 Mo. CME Term SOFR + <br> 3.25%, 0.00% Floor<br>| 7.44<br> % <br>| 04/23/32 | 621364 |
|  |  |  |  | 1728850 |
|  | **Health Care Technology – 4.2%** |  |  |  |
| 968787 | &nbsp;&nbsp; athenahealth Group, Inc., Refi Term Loan B, 1 Mo. CME Term <br> SOFR + 2.75%, 0.50% Floor<br>| 7.11<br> % <br>| 02/15/29 | 969223 |
| 768941 | Cotiviti, Inc. (Verscend Technologies, Inc.), Fixed Rate Term Loan | 7.63<br> % <br>| 05/01/31 | 775350 |
| 673815 | &nbsp;&nbsp; Project Ruby Ultimate Parent Corp., Refi Term Loan B, 1 Mo. <br> CME Term SOFR + 2.75%, 0.00% Floor<br>| 7.22<br> % <br>| 03/10/28 | 675499 |
| 515760 | &nbsp;&nbsp; Waystar Technologies, Inc., Refi Term Loan B, 1 Mo. CME Term <br> SOFR + 2.25%, 0.00% Floor<br>| 6.61<br> % <br>| 10/22/29 | 517911 |
|  |  |  |  | 2937983 |
|  | **Home Furnishings – 0.1%** |  |  |  |
| 53842 | &nbsp;&nbsp; Restoration Hardware (RH), Term Loan B-2, 1 Mo. CME Term <br> SOFR + CSA + 3.25%, 0.50% Floor<br>| 7.71<br> % <br>| 10/20/28 | 52681 |
|  | **Industrial Machinery & Supplies & Components – 0.6%** |  |  |  |
| 426178 | &nbsp;&nbsp; TK Elevator US Newco, Inc., Term Loan B, 6 Mo. CME Term <br> SOFR + 3.00%, 0.50% Floor<br>| 7.20<br> % <br>| 04/30/30 | 429002 |
|  | **Insurance Brokers – 4.5%** |  |  |  |
| 58360 | &nbsp;&nbsp; Acrisure LLC, Term Loan B-6 2030, 1 Mo. CME Term SOFR + <br> 3.00%, 0.00% Floor<br>| 7.36<br> % <br>| 11/06/30 | 58442 |
| 400000 | &nbsp;&nbsp; Alera Group, Inc., 1st Lien Term Loan B, 1 Mo. CME Term SOFR <br> + 3.25%, 0.50% Floor<br>| 7.61<br> % <br>| 06/30/32 | 402226 |
| 58360 | &nbsp;&nbsp; Baldwin Insurance Group Holdings LLC, Refi Term Loan, 1 Mo. <br> CME Term SOFR + 3.00%, 0.00% Floor<br>| 7.34<br> % <br>| 05/24/31 | 58531 |
| 49838 | &nbsp;&nbsp; CFC USA 2025 LLC, Term Loan B, 3 Mo. CME Term SOFR + <br> 3.75%, 0.00% Floor<br>| 8.04<br> % <br>| 07/01/32 | 49869 |
| 228773 | &nbsp;&nbsp; Goosehead Insurance Holdings LLC, Refi Term Loan B, 1 Mo. <br> CME Term SOFR + 3.00%, 0.00% Floor<br>| 7.34<br> % <br>| 01/08/32 | 230774 |
| 670334 | &nbsp;&nbsp; Howden Group Holdings, Term Loan B, 1 Mo. CME Term SOFR + <br> 3.50%, 0.50% Floor<br>| 7.86<br> % <br>| 04/18/30 | 673163 |
| 223437 | &nbsp;&nbsp; Hyperion Refinance SARL, 2031 Maturity Term Loan B, 1 Mo. <br> CME Term SOFR + 3.00%, 0.50% Floor<br>| 7.36<br> % <br>| 02/21/31 | 224055 |

---

------

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments (Continued)**

**July 31, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Rate (b)** | **Stated**<br> **Maturity (c)**<br>| **Value** |
| **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** |
|  | **Insurance Brokers (Continued)** |  |  |  |
| $687388 | &nbsp;&nbsp; OneDigital Borrower LLC, Second Lien Term Loan, 1 Mo. CME <br> Term SOFR + 5.25%, 0.50% Floor<br>| 9.61<br> % <br>| 07/02/32 | $692330 |
| 85226 | &nbsp;&nbsp; OneDigital Borrower LLC, Term Loan B, 1 Mo. CME Term SOFR <br> + 3.00%, 0.50% Floor<br>| 7.36<br> % <br>| 07/02/31 | 85439 |
| 332684 | &nbsp;&nbsp; Trucordia Insurance Holdings LLC, Term Loan B, 1 Mo. CME <br> Term SOFR + 3.25%, 0.00% Floor<br>| 7.61<br> % <br>| 06/30/32 | 335076 |
| 310902 | &nbsp;&nbsp; Truist Insurance Holdings LLC (McGriff / Panther Escrow), Second <br> Lien Term Loan, 3 Mo. CME Term SOFR + 4.75%, 0.00% Floor <br>| 9.05<br> % <br>| 05/06/32 | 318208 |
| 77226 | &nbsp;&nbsp; USI, Inc., 2029 Term Loan D, 3 Mo. CME Term SOFR + 2.25%, <br> 0.00% Floor<br>| 6.55<br> % <br>| 11/21/29 | 77257 |
|  |  |  |  | 3205370 |
|  | **Interactive Media & Services – 0.9%** |  |  |  |
| 256967 | Twitter, Inc. (X Corp.), Fixed Rate Term Loan B-3 | 9.50<br> % <br>| 10/29/29 | 249669 |
| 362225 | &nbsp;&nbsp; Twitter, Inc. (X Corp.), Term Loan B-1, 3 Mo. CME Term SOFR + <br> CSA + 6.50%, 0.50% Floor<br>| 10.96<br> % <br>| 10/26/29 | 353593 |
|  |  |  |  | 603262 |
|  | **Internet Services & Infrastructure – 1.1%** |  |  |  |
| 768757 | &nbsp;&nbsp; Sedgwick Claims Management Services, Inc., Term Loan B, Daily <br> CME Term SOFR + 2.50%, 0.00% Floor<br>| 6.86<br> % <br>| 07/31/31 | 770571 |
|  | **IT Consulting & Other Services – 0.9%** |  |  |  |
| 639339 | &nbsp;&nbsp; Gainwell Acquisition Corp. (f/k/a Milano), Term Loan B, 3 Mo. <br> CME Term SOFR + CSA + 4.00%, 0.75% Floor <br>| 8.40<br> % <br>| 10/01/27 | 631549 |
|  | **Life Sciences Tools & Services – 0.7%** |  |  |  |
| 446575 | &nbsp;&nbsp; Parexel International Corp. (Phoenix Newco), 2025 Refi Term Loan, <br> 1 Mo. CME Term SOFR + 2.50%, 0.50% Floor <br>| 6.86<br> % <br>| 11/15/28 | 447720 |
| 70035 | &nbsp;&nbsp; Syneos Health, Inc. (Star Parent, Inc.), Term Loan B, 3 Mo. CME <br> Term SOFR + 4.00%, 0.00% Floor<br>| 8.30<br> % <br>| 09/30/30 | 69350 |
|  |  |  |  | 517070 |
|  | **Metal, Glass & Plastic Containers – 0.4%** |  |  |  |
| 177740 | &nbsp;&nbsp; ProAmpac PG Borrower LLC, 2024 Refi Term Loan B, 3 Mo. <br> CME Term SOFR + 4.00%, 0.75% Floor<br>| 8.32<br> % <br>| 09/15/28 | 178518 |
| 134963 | &nbsp;&nbsp; TricorBraun Holdings, Inc., Initial Term Loan, 1 Mo. CME Term <br> SOFR + CSA + 3.25%, 0.50% Floor<br>| 7.72<br> % <br>| 03/03/28 | 135130 |
|  |  |  |  | 313648 |
|  | **Office Services & Supplies – 0.2%** |  |  |  |
| 124627 | &nbsp;&nbsp; Shift4 Payments LLC, Term Loan B, 3 Mo. CME Term SOFR + <br> 2.75%, 0.00% Floor<br>| 7.05<br> % <br>| 06/30/32 | 125588 |
|  | **Other Specialty Retail – 1.0%** |  |  |  |
| 81572 | &nbsp;&nbsp; Bass Pro Group LLC (Great Outdoors Group LLC), Term Loan <br> B-3, 1 Mo. CME Term SOFR + 3.25%, 0.75% Floor <br>| 7.61<br> % <br>| 01/23/32 | 81755 |
| 491817 | &nbsp;&nbsp; Petco Health and Wellness Company, Inc., Initial Term Loan B, 3 <br> Mo. CME Term SOFR + CSA + 3.25%, 0.75% Floor <br>| 7.81<br> % <br>| 03/04/28 | 460803 |
| 162438 | &nbsp;&nbsp; Petsmart, Inc., Initial Term Loan B, 1 Mo. CME Term SOFR + <br> 3.75%, 0.75% Floor<br>| 8.21<br> % <br>| 02/12/28 | 162337 |
|  |  |  |  | 704895 |
|  | **Packaged Foods & Meats – 0.2%** |  |  |  |
| 123231 | &nbsp;&nbsp; Savor Acquisition, Inc., Term Loan B, 1 Mo. CME Term SOFR + <br> 3.25%, 0.00% Floor<br>| 7.61<br> % <br>| 02/19/32 | 124001 |

---

------

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments (Continued)**

**July 31, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Rate (b)** | **Stated**<br> **Maturity (c)**<br>| **Value** |
| **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** |
|  | **Paper & Plastic Packaging Products & Materials – 0.4%** |  |  |  |
| $248503 | &nbsp;&nbsp; Clydesdale Acquisition Holdings, Inc., Term Loan B, 1 Mo. CME <br> Term SOFR + 3.25%, 0.00% Floor<br>| 7.61<br> % <br>| 03/31/32 | $248611 |
|  | **Passenger Airlines – 0.1%** |  |  |  |
| 74581 | &nbsp;&nbsp; AAdvantage Loyalty IP Ltd., 2032 Term Loan , 3 Mo. CME Term <br> SOFR + 3.25%, 0.00% Floor<br>| 7.58<br> % <br>| 05/31/32 | 75187 |
|  | **Research & Consulting Services – 1.4%** |  |  |  |
| 106179 | &nbsp;&nbsp; AmSpec Parent LLC, Refi Term Loan B, 3 Mo. CME Term SOFR <br> + 3.50%, 0.00% Floor<br>| 7.80<br> % <br>| 12/22/31 | 106976 |
| 556655 | &nbsp;&nbsp; Camelot US Acquisition LLC, 2025 Incremental Term Loan, 1 Mo. <br> CME Term SOFR + 3.25%, 0.00% Floor<br>| 7.61<br> % <br>| 01/31/31 | 560020 |
| 314492 | &nbsp;&nbsp; Grant Thornton Advisors LLC, Incremental Term Loan, 1 Mo. CME <br> Term SOFR + 3.00%, 0.00% Floor<br>| 7.36<br> % <br>| 05/30/31 | 315516 |
| 27174 | &nbsp;&nbsp; Grant Thornton Advisors LLC, Refi Term Loan B, 1 Mo. CME <br> Term SOFR + 2.75%, 0.00% Floor<br>| 6.86<br> % <br>| 05/30/31 | 27227 |
|  |  |  |  | 1009739 |
|  | **Restaurants – 2.8%** |  |  |  |
| 1308540 | &nbsp;&nbsp; IRB Holding Corp. (Arby's / Inspire Brands), Term Loan B, 1 Mo. <br> CME Term SOFR + 2.50%, 0.75% Floor <br>| 6.86<br> % <br>| 12/15/27 | 1309658 |
| 629859 | &nbsp;&nbsp; Whatabrands LLC, Term Loan B, 1 Mo. CME Term SOFR + <br> 2.50%, 0.50% Floor<br>| 6.86<br> % <br>| 08/03/28 | 630700 |
|  |  |  |  | 1940358 |
|  | **Security & Alarm Services – 1.1%** |  |  |  |
| 792314 | &nbsp;&nbsp; Garda World Security Corp., Refi Term Loan B, 1 Mo. CME Term <br> SOFR + 3.00%, 0.00% Floor<br>| 7.34<br> % <br>| 02/01/29 | 793364 |
|  | **Semiconductor Materials & Equipment – 0.4%** |  |  |  |
| 295356 | &nbsp;&nbsp; Gryphon Debt Merger Sub, Inc., Term Loan B, 1 Mo. CME Term <br> SOFR + 3.00%, 0.00% Floor<br>| 7.35<br> % <br>| 09/30/32 | 296341 |
|  | **Soft Drinks & Non-alcoholic Beverages – 0.3%** |  |  |  |
| 205000 | &nbsp;&nbsp; Celsius Holdings, Inc., Term Loan B, 3 Mo. CME Term SOFR + <br> 3.25%, 0.00% Floor<br>| 7.54<br> % <br>| 03/31/32 | 206965 |
|  | **Systems Software – 1.6%** |  |  |  |
| 75574 | &nbsp;&nbsp; Idera, Inc. (Flash Charm), Second Lien Term Loan, 3 Mo. CME <br> Term SOFR + CSA + 6.75%, 0.75% Floor<br>| 11.18<br> % <br>| 03/02/29 | 65938 |
| 14110 | &nbsp;&nbsp; Kaseya, Inc., Second Lien Term Loan , 1 Mo. CME Term SOFR + <br> 5.00%, 0.00% Floor<br>| 9.36<br> % <br>| 03/20/33 | 14201 |
| 193800 | &nbsp;&nbsp; KnowBe4, Inc., Term Loan B, 3 Mo. CME Term SOFR + 3.75%, <br> 0.00% Floor<br>| 8.07<br> % <br>| 07/31/32 | 194164 |
| 624992 | &nbsp;&nbsp; Proofpoint, Inc., 2024 Refi Term Loan, 1 Mo. CME Term SOFR + <br> 3.00%, 0.50% Floor<br>| 7.36<br> % <br>| 08/31/28 | 626752 |
| 96794 | &nbsp;&nbsp; Proofpoint, Inc., Incr Term Loan, 1 Mo. CME Term SOFR + <br> 3.00%, 0.50% Floor<br>| 7.36<br> % <br>| 08/31/28 | 97066 |
| 102100 | &nbsp;&nbsp; SUSE (Marcel Bidco LLC), Refi Term Loan B9, Daily CME Term <br> SOFR + 3.00%, 0.50% Floor<br>| 7.29%-7.37% | 11/13/30 | 102994 |
|  |  |  |  | 1101115 |
|  | **Trading Companies & Distributors – 1.4%** |  |  |  |
| 194145 | &nbsp;&nbsp; Aggreko Holdings, Inc., Extended Term Loan B, 2 Mo. CME Term <br> SOFR + 3.00%, 0.50% Floor<br>| 7.32<br> % <br>| 05/25/31 | 195383 |
| 37853 | &nbsp;&nbsp; QXO, Inc., Term Loan B, 3 Mo. CME Term SOFR + 3.00%, 0.00% <br> Floor<br>| 7.30<br> % <br>| 04/30/32 | 38224 |

---

------

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments (Continued)**

**July 31, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Rate (b)** | **Stated**<br> **Maturity (c)**<br>| **Value** |
| **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** |
|  | **Trading Companies & Distributors (Continued)** |  |  |  |
| $139263 | &nbsp;&nbsp; Veritiv Corp. (Verde Purchaser LLC), Term Loan B, 3 Mo. CME <br> Term SOFR + 4.00%, 0.00% Floor<br>| 8.30<br> % <br>| 11/29/30 | $140003 |
| 331789 | &nbsp;&nbsp; Vista Management Holding, Inc., Term Loan B, 3 Mo. CME Term <br> SOFR + 3.75%, 0.00% Floor<br>| 8.04<br> % <br>| 03/31/31 | 333585 |
| 283390 | &nbsp;&nbsp; White Cap Supply Holdings LLC, Term Loan B, 1 Mo. CME Term <br> SOFR + 3.25%, 0.00% Floor<br>| 7.58<br> % <br>| 10/29/29 | 283335 |
|  |  |  |  | 990530 |
|  | **Total Senior Floating-Rate Loan Interests** | **Total Senior Floating-Rate Loan Interests** | **Total Senior Floating-Rate Loan Interests** | 27631034 |
|  | (Cost $27,870,867) |  |  |  |
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **FOREIGN CORPORATE BONDS AND NOTES – 7.1%** | **FOREIGN CORPORATE BONDS AND NOTES – 7.1%** | **FOREIGN CORPORATE BONDS AND NOTES – 7.1%** | **FOREIGN CORPORATE BONDS AND NOTES – 7.1%** | **FOREIGN CORPORATE BONDS AND NOTES – 7.1%** |
|  | **Aerospace & Defense – 0.3%** |  |  |  |
| 168000 | Bombardier, Inc. (a) | 6.75<br> % <br>| 06/15/33 | 172884 |
|  | **Air Freight & Logistics – 0.2%** |  |  |  |
| 138000 | Phoenix Aviation Capital Ltd. (a) | 9.25<br> % <br>| 07/15/30 | 144719 |
|  | **Aluminum – 0.1%** |  |  |  |
| 61000 | Novelis, Inc. (a) | 6.88<br> % <br>| 01/30/30 | 62898 |
|  | **Automotive Parts & Equipment – 1.7%** |  |  |  |
| 1206000 | Clarios Global, L.P. / Clarios US Finance Co. (a) | 8.50<br> % <br>| 05/15/27 | 1215605 |
|  | **Data Processing & Outsourced Services – 0.3%** |  |  |  |
| 216000 | Paysafe Finance PLC / Paysafe Holdings US Corp. (a) | 4.00<br> % <br>| 06/15/29 | 198595 |
|  | **Health Care Services – 0.2%** |  |  |  |
| 140000 | Opal Bidco SAS (a) | 6.50<br> % <br>| 03/31/32 | 141493 |
|  | **Hotels, Resorts & Cruise Lines – 0.8%** |  |  |  |
| 230000 | Carnival Corp. (a) | 5.88<br> % <br>| 06/15/31 | 233593 |
| 290000 | Carnival Corp. (a) | 5.75<br> % <br>| 08/01/32 | 292326 |
| 56000 | NCL Corp Ltd. (a) | 6.75<br> % <br>| 02/01/32 | 57554 |
|  |  |  |  | 583473 |
|  | **Insurance Brokers – 1.7%** |  |  |  |
| 710000 | Ardonagh Finco Ltd. (a) | 7.75<br> % <br>| 02/15/31 | 740908 |
| 210000 | Ardonagh Group Finance Ltd. (a) | 8.88<br> % <br>| 02/15/32 | 221029 |
| 172000 | Jones Deslauriers Insurance Management, Inc. (a) | 8.50<br> % <br>| 03/15/30 | 181626 |
| 30000 | Jones Deslauriers Insurance Management, Inc. (a) | 10.50<br> % <br>| 12/15/30 | 31909 |
|  |  |  |  | 1175472 |
|  | **Metal, Glass & Plastic Containers – 0.6%** |  |  |  |
| 292000 | &nbsp;&nbsp; Ardagh Metal Packaging Finance USA LLC / Ardagh Metal <br> Packaging Finance PLC (a)<br>| 6.00<br> % <br>| 06/15/27 | 292496 |
| 44000 | Canpack SA / Canpack US LLC (a) | 3.88<br> % <br>| 11/15/29 | 41021 |
| 87000 | Trivium Packaging Finance B.V. (a) | 8.25<br> % <br>| 07/15/30 | 91669 |
|  |  |  |  | 425186 |
|  | **Packaged Foods & Meats – 0.5%** |  |  |  |
| 356000 | Froneri Lux FinCo SARL (a) | 6.00<br> % <br>| 08/01/32 | 354950 |
|  | **Specialized Consumer Services – 0.5%** |  |  |  |
| 327000 | Belron UK Finance PLC (a) | 5.75<br> % <br>| 10/15/29 | 330273 |

---

------

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments (Continued)**

**July 31, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **FOREIGN CORPORATE BONDS AND NOTES (Continued)** | **FOREIGN CORPORATE BONDS AND NOTES (Continued)** | **FOREIGN CORPORATE BONDS AND NOTES (Continued)** | **FOREIGN CORPORATE BONDS AND NOTES (Continued)** | **FOREIGN CORPORATE BONDS AND NOTES (Continued)** |
|  | **Trading Companies & Distributors – 0.2%** |  |  |  |
| $86000 | Albion Financing 1 SARL / Aggreko Holdings, Inc. (a) | 7.00<br> % <br>| 05/21/30 | $88734 |
| 54000 | Azorra Finance Ltd. (a) | 7.75<br> % <br>| 04/15/30 | 56292 |
| 14000 | Azorra Finance Ltd. (a) | 7.25<br> % <br>| 01/15/31 | 14324 |
|  |  |  |  | 159350 |
|  | **Total Foreign Corporate Bonds and Notes** | **Total Foreign Corporate Bonds and Notes** | **Total Foreign Corporate Bonds and Notes** | 4964898 |
|  | (Cost $4,911,789) |  |  |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS – 0.0%** | **COMMON STOCKS – 0.0%** | **COMMON STOCKS – 0.0%** |
|  | **Pharmaceuticals – 0.0%** |  |
| 26696 | Akorn, Inc. (d) (e) (f) | 1068 |
|  | (Cost $306,039) |  |
| **RIGHTS – 0.0%** | **RIGHTS – 0.0%** | **RIGHTS – 0.0%** |
|  | **Life Sciences Tools & Services – 0.0%** |  |
| 1 | New Millennium Holdco, Inc., Corporate Claim Trust, no expiration date (f) (g) (h) (i) | 0 |
| 1 | New Millennium Holdco, Inc., Lender Claim Trust, no expiration date (f) (g) (h) (i) | 0 |
|  | **Total Rights** | 0 |
|  | (Cost $0) |  |
| **MONEY MARKET FUNDS – 6.5%** | **MONEY MARKET FUNDS – 6.5%** | **MONEY MARKET FUNDS – 6.5%** |
| 4598003 | Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 4.16% (j) | 4598003 |
|  | (Cost $4,598,003) |  |
|  | **Total Investments – 101.2%** | 71445415 |
|  | (Cost $71,695,884)  |  |
|  | **Net Other Assets and Liabilities – (1.2)%** | (821574)<br>|
|  | **Net Assets – 100.0%** | $70623841 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) This security, sold within the terms of a private placement memorandum, is exempt
 from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the "1933 Act"), and may be resold in transactions exempt from registration, normally to qualified institutional buyers. Pursuant to procedures adopted by the Trust's Board of Trustees, this security has been determined to be liquid by First Trust Advisors L.P. (the "Advisor"). Although market instability can result in periods of increased overall market illiquidity, liquidity for each security is determined
 based on security specific factors and assumptions, which require subjective judgment. At July 31, 2025, securities noted
 as such amounted to $38,120,313 or 54.0% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Senior Floating-Rate Loan Interests ("Senior Loans") in which the Fund invests pay interest at rates which are periodically predetermined by reference to a base lending rate plus a premium. These base lending
 rates are generally (i) the SOFR obtained from the U.S. Department of the Treasury's Office of Financial Research or another major financial institution, (ii) the lending rate offered by one or more major European banks, (iii) the prime rate offered by
 one or more United States banks or (iv) the certificate of deposit rate. Certain Senior Loans are subject to a SOFR floor that
 establishes a minimum SOFR rate. When a range of rates is disclosed, the Fund holds more than one contract within the same tranche
 with identical SOFR period, spread and floor, but different SOFR reset dates.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Senior Loans generally are subject to mandatory and/or optional prepayment. As a result,
 the actual remaining maturity of Senior Loans may be substantially less than the stated maturities shown.

&nbsp;&nbsp;&nbsp;&nbsp;(d) This issuer has filed for protection in bankruptcy court.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Security received in a transaction exempt from registration under the 1933 Act. The
 security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional
 buyers (see Restricted Securities table).

&nbsp;&nbsp;&nbsp;&nbsp;(f) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(g) This security is fair valued by the Advisor's Pricing Committee in accordance with procedures approved by the Trust's Board of Trustees, and in accordance with the provisions of the Investment Company Act of 1940
 and rules thereunder, as amended. At July 31, 2025, securities noted as such are valued at $0 or 0.0% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Pursuant to procedures adopted by the Trust's Board of Trustees, this security has been determined to be illiquid by the Advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(i) This security's value was determined using significant unobservable inputs. (see Valuation Inputs section).

------

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments (Continued)**

**July 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(j) Rate shown reflects yield as of July 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| CME | – Chicago Mercantile Exchange |
| CSA | – Credit Spread Adjustment |
| SOFR | – Secured Overnight Financing Rate |
| USD | – United States Dollar |

---

------

**Valuation Inputs**

The Fund is subject to fair value accounting standards that define fair value, establish the framework for measuring fair value and provide a three-level hierarchy for fair valuation based upon the inputs to the valuation as of the measurement date. The three levels of the fair value hierarchy are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Level 1 inputs are quoted prices in active markets for identical investments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Level 2 inputs are observable inputs, either directly or indirectly. (Quoted prices for similar investments, valuations based on interest rates and yield curves, or valuations derived from observable market data.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Level 3 inputs are unobservable inputs that may reflect the reporting entity's own assumptions about the assumptions that market participants would use in pricing the investment.

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments.

A summary of the inputs used to value the Fund's investments as of July 31, 2025 is as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total**<br> **Value at**<br> **7/31/2025**<br>| &nbsp;&nbsp;&nbsp; **Level 1**<br> **Quoted**<br> **Prices**<br>| &nbsp;&nbsp;&nbsp; **Level 2**<br> **Significant**<br> **Observable**<br> **Inputs**<br>| &nbsp;&nbsp;&nbsp; **Level 3**<br> **Significant**<br> **Unobservable**<br> **Inputs**<br>|
| Corporate Bonds and Notes\* | &nbsp;&nbsp; $34250412 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $34250412 | &nbsp;&nbsp;&nbsp;&nbsp; $— |
| Senior Floating-Rate Loan Interests\* | &nbsp;&nbsp; 27631034 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 27631034 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Foreign Corporate Bonds and Notes\* | &nbsp;&nbsp; 4964898 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4964898 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Common Stocks\* | &nbsp;&nbsp; 1068 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1068 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Rights\* | &nbsp;&nbsp; —<br> \*\*<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; —<br> \*\*<br>|
| Money Market Funds | &nbsp;&nbsp; 4598003 | &nbsp;&nbsp;&nbsp;&nbsp; 4598003 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Total Investments | &nbsp;&nbsp; $71445415 | &nbsp;&nbsp;&nbsp;&nbsp; $4598003 | &nbsp;&nbsp;&nbsp;&nbsp; $66847412 | &nbsp;&nbsp;&nbsp;&nbsp; $—<br> \*\*<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

\*\* Investments are valued at $0.

Level 3 investments are fair valued by the Advisor's Pricing Committee and are footnoted in the Portfolio of Investments. All Level 3 values are based on unobservable inputs.

------

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments (Continued)**

**July 31, 2025 (Unaudited)**

------

**Unfunded Loan Commitments**

As of July 31, 2025, the Fund had the following unfunded loan commitments, which are categorized as Level 2 within the fair value hierarchy:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Borrower** | **Principal**<br> **Value**<br>| **Commitment**<br> **Amount**<br>| **Value** | **Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br>|
| AmSpec Parent LLC | &nbsp;&nbsp; $16335 | &nbsp;&nbsp; $16335 | &nbsp;&nbsp; $16458 | &nbsp;&nbsp; $123 |
| Clydesdale Acquisition Holdings, Inc. | &nbsp;&nbsp; 4344 | &nbsp;&nbsp; 4344 | &nbsp;&nbsp; 4346 | &nbsp;&nbsp; 2 |
| Savor Acquisition, Inc. | &nbsp;&nbsp; 11626 | &nbsp;&nbsp; 11666 | &nbsp;&nbsp; 11698 | &nbsp;&nbsp; 32 |
|  |  | &nbsp;&nbsp; $32345 | &nbsp;&nbsp; $32502 | &nbsp;&nbsp; $157 |

---

------

**Restricted Securities**

As of July 31, 2025, the Fund held a restricted security as shown in the following table that the Advisor deemed illiquid pursuant to procedures adopted by the Trust's Board of Trustees:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Security** | &nbsp;&nbsp; **Acquisition**<br> **Date**<br>| **Shares** | **Current Price** | **Carrying**<br> **Cost**<br>| **Value** | **% of**<br> **Net**<br> **Assets**<br>|
| Akorn, Inc. | 10/15/20 | &nbsp;&nbsp; 26696 | &nbsp;&nbsp; $0.04 | &nbsp;&nbsp; $306038 | &nbsp;&nbsp; $1068 | 0.00<br> %\*<br>|
| \* Amount is less than 0.01%. |  |  |  |  |  |  |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** First Trust Series Fund

- **b. Investment Company Act file number:** 811-22452

- **c. CIK number of Registrant:** 0001497778

- **d. LEI of Registrant:** 549300RL1B5O4HI4N885

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

  - **Street Address 1:** 120 East Liberty Drive

  - **City:** Wheaton

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60187

  - **Telephone number:** 630-765-8000

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

- **a. Name of Series:** First Trust Short Duration High Income Fund

- **b. EDGAR series identifier (if any):** S000038285

- **c. LEI of Series:** 549300V5FLWG03SEZ819

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $74483332.27

**Total Liabilities:** $4067786.98

**Net Assets:** $70415545.29

**Delayed Delivery Securities:** $532937.50

**Cash Not Reported:** $22684.55

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.45607000 | **1-Year:** 143.28167000 | **5-Year:** 497.30916000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 119.75660000 | **1-Year:** 6253.82555000 | **5-Year:** 7790.19801000 | **10-Year:** 236.26172000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000118178 | 1.41%                | 1.18%                | 0.45%                |
| Class ID C000121472 | 1.44%                | 1.20%                | 0.47%                |
| Class ID C000121471 | 1.30%                | 1.17%                | 0.33%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $118236.76               | $474987.85                                 |
| Month 2  | $32097.93                | $448428.63                                 |
| Month 3  | $29522.69                | $-102283.40                                |

**Designated Index Information**

- **Index Name:** The Fund relies on the Absolute VaR Test

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                                        | Title                                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| OSAIC HOLDINGS INC                                                          | Osaic Holdings Inc                                                              | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    146000 | PA      | $147877.74    | 0.21%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                               | TransDigm Inc                                                                   | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    683000 | PA      | $689045.92    | 0.98%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                                             | Star Parent Inc                                                                 | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |    394000 | PA      | $414822.44    | 0.59%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| WH Borrower LLC                                                             | WH BORROWER LLC                                                                 | CUSIP: 92942LAG6<br>LEI: 2549009H920CQUE3R944 | Long             | LON              | CORP              | US        |    173792 | PA      | $174022.88    | 0.25%             | 2032-02-12      | Floating      | 9.07%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                               | Carnival Corp                                                                   | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    290000 | PA      | $292325.80    | 0.42%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Edelman Financial Engines Center LLC (The)                                  | EDELMAN FINANCIAL ENGINES CENTER LLC/THE                                        | CUSIP: 27943UAM8<br>LEI: 549300Z31KZXNP05U733 | Long             | LON              | CORP              | US        |    375628 | PA      | $376617.66    | 0.53%             | 2028-04-07      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| Shift4 Payments LLC                                                         | SHIFT4PAYMENTSLLC                                                               | CUSIP: 000000000<br>LEI: 254900GTEMR7L40VPI74 | Long             | LON              | CORP              | US        |    124627 | PA      | $125587.76    | 0.18%             | 2032-06-30      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| White Cap Buyer LLC                                                         | WHITE CAP BUYER LLC                                                             | CUSIP: 96350TAH3<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |    283390 | PA      | $283334.78    | 0.40%             | 2029-10-19      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                                                      | Energizer Holdings Inc                                                          | CUSIP: 29272WAF6<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    739000 | PA      | $750535.79    | 1.07%             | 2027-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GOTO GROUP INC                                                              | GoTo Group Inc                                                                  | CUSIP: 38349YAB1<br>LEI: 549300D12V5KRBV00592 | Long             | DBT              | CORP              | US        |    193800 | PA      | $66376.50     | 0.09%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Marcel LUX IV Sarl                                                          | MARCEL BIDCO LLC                                                                | CUSIP: 000000000<br>LEI: 254900A6AL2000BPNS82 | Long             | LON              | CORP              | US        |    102100 | PA      | $102993.39    | 0.15%             | 2030-11-11      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| AECOM                                                                       | AECOM                                                                           | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |     95000 | PA      | $95836.48     | 0.14%             | 2033-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SKECHERS U.S.A. INC. (Beach Acquisition Bidco)                              | BEACH ACQUISITION BIDCO                                                         | CUSIP: 000000000<br>LEI: 254900F2FNX3GBTB6202 | Long             | LON              | CORP              | US        |    131105 | PA      | $132088.51    | 0.19%             | 2032-06-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Spirit Aerosystems Inc                                                      | Spirit AeroSystems Inc                                                          | CUSIP: 84857HAY6<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | LON              | CORP              | US        |    155017 | PA      | $155521.27    | 0.22%             | 2027-01-15      | Floating      | 8.81%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                                                    | Standard Building Solutions Inc                                                 | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    142000 | PA      | $143462.07    | 0.20%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| N-Able International Holdings II LLC                                        | N-ABLE INTERNATIONAL HO                                                         | CUSIP: 62878KAB0<br>LEI: 254900A8E99QCJOGAZ34 | Long             | LON              | CORP              | US        |    130078 | PA      | $130566.10    | 0.19%             | 2028-07-19      | Floating      | 7.34%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                                                                | Magnera Corp                                                                    | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |     31000 | PA      | $29210.99     | 0.04%             | 2031-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC                                                      | CACI International Inc                                                          | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28666.15     | 0.04%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ZI TECH LLC/ZI FIN CORP                                                     | ZoomInfo Technologies LLC/ZoomInfo Finance Corp                                 | CUSIP: 98981BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $56469.26     | 0.08%             | 2029-02-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                                       | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     61000 | PA      | $62791.94     | 0.09%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                                            | Allied Universal Holdco LLC / Allied Universal Finance Corp                     | CUSIP: 019576AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    188000 | PA      | $192585.51    | 0.27%             | 2030-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Examworks Bidco Inc.                                                        | EXAMWORKS BIDCO INC                                                             | CUSIP: 28542CAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    681447 | PA      | $683790.88    | 0.97%             | 2028-11-01      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                                                        | Alpha Generation LLC                                                            | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    126000 | PA      | $129047.69    | 0.18%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                                                | MH SUB I LLC                                                                    | CUSIP: 45567YAN5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |    356108 | PA      | $340550.97    | 0.48%             | 2028-05-03      | Floating      | 8.61%                 | No            |                  2 | On Loan: No      |
| Star Parent Inc                                                             | STAR PARENT INC                                                                 | CUSIP: 87169DAB1<br>LEI: 254900GRGCJYRMDRWT73 | Long             | LON              | CORP              | US        |     70035 | PA      | $69349.81     | 0.10%             | 2030-09-27      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                           | Post Holdings Inc                                                               | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    687000 | PA      | $700690.54    | 1.00%             | 2032-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                                                    | EMRLD Borrower LP / Emerald Co-Issuer Inc                                       | CUSIP: 29103CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    137000 | PA      | $139857.68    | 0.20%             | 2030-12-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BELLRING BRANDS INC                                                         | BellRing Brands Inc                                                             | CUSIP: 07831CAA1<br>LEI: 549300S3BOK5CMTS8054 | Long             | DBT              | CORP              | US        |    106000 | PA      | $110067.75    | 0.16%             | 2030-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Camelot US Acquisition I Co                                                 | CAMELOT US ACQUISITION LLC                                                      | CUSIP: 000000000<br>LEI: 549300U6VBJHQP2SFL81 | Long             | LON              | CORP              | US        |    556655 | PA      | $560019.66    | 0.80%             | 2031-01-31      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| PetsMart LLC                                                                | PetSmart LLC                                                                    | CUSIP: 71677HAL9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    162438 | PA      | $162336.60    | 0.23%             | 2028-02-11      | Floating      | 8.21%                 | No            |                  2 | On Loan: No      |
| Alera Group Inc                                                             | ALERA GROUP INTERMEDIATE                                                        | CUSIP: 01451PAB2<br>LEI: 2549003D76KZAKICNX26 | Long             | LON              | CORP              | US        |    400000 | PA      | $402226.00    | 0.57%             | 2032-05-30      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| Truist Insurance Holdings, LLC                                              | TRUIST INSURANCE HOLDING                                                        | CUSIP: 89788VAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    310902 | PA      | $318208.10    | 0.45%             | 2032-05-06      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                       | QUIKRETE HOLDINGS INC                                                           | CUSIP: 74839XAK5<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    299242 | PA      | $299688.29    | 0.43%             | 2029-03-19      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                              | Bombardier Inc                                                                  | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    168000 | PA      | $172883.93    | 0.25%             | 2033-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                                             | Lamb Weston Holdings Inc                                                        | CUSIP: 513272AE4<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    159000 | PA      | $148701.74    | 0.21%             | 2032-01-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PHOENIX AVIATION CAPITAL                                                    | Phoenix Aviation Capital Ltd                                                    | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | IE        |    138000 | PA      | $144718.74    | 0.21%             | 2030-07-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                                                       | QXO Building Products Inc                                                       | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    342000 | PA      | $353037.71    | 0.50%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Vestis Corporation                                                          | VESTIS TL B 1L USD                                                              | CUSIP: 92550HAE3<br>LEI: 254900QDW0TA2TMFAP59 | Long             | LON              | CORP              | US        |    178771 | PA      | $171619.78    | 0.24%             | 2031-02-22      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING                                                    | JH North America Holdings Inc                                                   | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |    129000 | PA      | $130435.13    | 0.19%             | 2032-07-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| GoTo Group Inc                                                              | GOTO GROUP INC                                                                  | CUSIP: 38349FAC0<br>LEI: 549300D12V5KRBV00592 | Long             | LON              | CORP              | US        |    670367 | PA      | $593275.10    | 0.84%             | 2028-04-28      | Floating      | 9.67%                 | No            |                  2 | On Loan: No      |
| Grant Thornton Advisors LLC                                                 | GRANTTHORNTONADVISORS                                                           | CUSIP: 38821UAF7<br>LEI: 254900XS1SHU0YY3WF58 | Long             | LON              | CORP              | US        |    314492 | PA      | $315515.95    | 0.45%             | 2031-06-02      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                               | EchoStar Corp                                                                   | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    274148 | PA      | $289104.14    | 0.41%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                         | Medline Borrower LP                                                             | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245271.73    | 0.35%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc                                         | CLYDESDALE ACQUISITION HOLDINGS INC                                             | CUSIP: 18972FAE2<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |    248503 | PA      | $248611.28    | 0.35%             | 2032-04-01      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| Veritiv Operating Co                                                        | VERITIV OPERATING CO                                                            | CUSIP: 92338TAB2<br>LEI: 5493004G8OK5L1UTIY12 | Long             | LON              | CORP              | US        |    139263 | PA      | $140003.30    | 0.20%             | 2030-11-29      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| VeriFone Systems Inc                                                        | VERIFONE SYSTEMS INC                                                            | CUSIP: 92346NAH2<br>LEI: 254900LTTVM8MM9RKV75 | Long             | LON              | CORP              | US        |    252036 | PA      | $244002.10    | 0.35%             | 2028-08-18      | Floating      | 10.07%                | No            |                  2 | On Loan: No      |
| Celsius Holdings, Inc.                                                      | CELSIUS HOLDINGS INC                                                            | CUSIP: 15118XAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    205000 | PA      | $206964.93    | 0.29%             | 2032-03-21      | Floating      | 7.54%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                                                        | Veritiv Operating Co                                                            | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |    290000 | PA      | $314686.83    | 0.45%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS                                                     | Surgery Center Holdings Inc                                                     | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56620.14     | 0.08%             | 2032-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SAVOR ACQUISITION INC                                                       | SAVOR ACQUISITION INC                                                           | CUSIP: 80536AAB8<br>LEI: 25490051R6ZOBEBPQ519 | Long             | LON              | CORP              | US        |    123231 | PA      | $124001.30    | 0.18%             | 2032-02-04      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| FRONERI LUX FINCO SARL                                                      | Froneri Lux FinCo SARL                                                          | CUSIP: 35901MAA5<br>LEI: 9845005YBZ75E5AA3B94 | Long             | DBT              | CORP              | LU        |    356000 | PA      | $354950.43    | 0.50%             | 2032-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                                      | Clydesdale Acquisition Holdings Inc                                             | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    146000 | PA      | $149647.81    | 0.21%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN                                                    | Raven Acquisition Holdings LLC                                                  | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    417000 | PA      | $422223.71    | 0.60%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                                              | Azorra Finance Ltd                                                              | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |     14000 | PA      | $14323.83     | 0.02%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                                     | Jane Street Group / JSG Finance Inc                                             | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     84000 | PA      | $83404.80     | 0.12%             | 2032-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc                                         | CLYDESDALE ACQUISITION HOLDINGS INC                                             | CUSIP: 18972FAF9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |      4344 | PA      | $4346.35      | 0.01%             | 2032-04-01      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENT/SIX FLAG                                                      | Six Flags Entertainment Corp /Six Flags Theme Parks Inc/ Canada's Wonderland Co | CUSIP: 83002YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    136000 | PA      | $138589.71    | 0.20%             | 2032-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Albion Financing 3 SARL                                                     | AGGREKO HOLDINGS INC                                                            | CUSIP: 01330EAD0<br>LEI: 213800VFJ5CIN2NUQ821 | Long             | LON              | CORP              | US        |    194145 | PA      | $195382.53    | 0.28%             | 2031-05-21      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Cotiviti Inc                                                                | COTIVITI INC                                                                    | CUSIP: 22164MAD9<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |    768941 | PA      | $775350.32    | 1.10%             | 2031-05-01      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| X.Ai Corp.                                                                  | XAI CORP                                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    105000 | PA      | $100854.60    | 0.14%             | 2030-06-28      | Floating      | 11.55%                | No            |                  2 | On Loan: No      |
| MAVIS TIRE EXPRESS SERVI                                                    | Mavis Tire Express Services Topco Corp                                          | CUSIP: 59155LAA0<br>LEI: 254900NVDM4GTLBL9E56 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247245.98    | 0.35%             | 2029-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                                    | RHP Hotel Properties LP / RHP Finance Corp                                      | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     28000 | PA      | $28695.18     | 0.04%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY                                                              | Ryan Specialty LLC                                                              | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |    752000 | PA      | $754740.29    | 1.07%             | 2032-08-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                                                      | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc              | CUSIP: 31556TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $47572.71     | 0.07%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                                                       | Ellucian Holdings Inc                                                           | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |     69000 | PA      | $70070.60     | 0.10%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Garda World Security Corporation                                            | GARDA WORLD SECURITY                                                            | CUSIP: 000000000<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | LON              | CORP              | CA        |    794305 | PA      | $795357.15    | 1.13%             | 2029-02-01      | Floating      | 7.34%                 | No            |                  2 | On Loan: No      |
| AMER SPORTS COMPANY                                                         | Amer Sports Co                                                                  | CUSIP: 02352NAA7<br>LEI: 549300NRKH9WF70VFC95 | Long             | DBT              | CORP              | US        |     90000 | PA      | $93695.49     | 0.13%             | 2031-02-16      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Fertitta Entertainment LLC                                                  | FERTITTA ENTERTAINMENT L                                                        | CUSIP: 31556PAB3<br>LEI: 984500A0805D8V551D35 | Long             | LON              | CORP              | US        |     94361 | PA      | $94547.01     | 0.13%             | 2029-01-27      | Floating      | 7.60%                 | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                                                       | Belron UK Finance PLC                                                           | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |    327000 | PA      | $330273.27    | 0.47%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                    | Service Properties Trust                                                        | CUSIP: 81761LAE2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    189000 | PA      | $197798.14    | 0.28%             | 2032-06-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                                                | Novelis Corp                                                                    | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |     61000 | PA      | $62897.77     | 0.09%             | 2030-01-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Opal Us LLC                                                                 | OPAL US LLC                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    617926 | PA      | $621364.29    | 0.88%             | 2032-04-23      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                      | Venture Global LNG Inc                                                          | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    470000 | PA      | $507397.35    | 0.72%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                                    | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    856000 | PA      | $857457.77    | 1.22%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD US                                                      | Cushman & Wakefield US Borrower LLC                                             | CUSIP: 23166MAC7<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |     74000 | PA      | $79378.47     | 0.11%             | 2031-09-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                                    | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     66000 | PA      | $67928.98     | 0.10%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                                      | Cloud Software Group Inc                                                        | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    337000 | PA      | $348994.17    | 0.50%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                                                     | Avis Budget Car Rental LLC / Avis Budget Finance Inc                            | CUSIP: 053773BJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    213000 | PA      | $219368.70    | 0.31%             | 2030-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN                                                     | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                           | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    269000 | PA      | $278063.96    | 0.39%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SELECT MEDICAL CORP                                                         | Select Medical Corp                                                             | CUSIP: 816196AV1<br>LEI: 549300X05KS0JKR8CB50 | Long             | DBT              | CORP              | US        |    792000 | PA      | $790921.77    | 1.12%             | 2032-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Edelman Financial Engines Center LLC (The)                                  | EDELMAN FINANCIAL ENGINES CENTER LLC/THE                                        | CUSIP: 27943TAC3<br>LEI: 549300Z31KZXNP05U733 | Long             | LON              | CORP              | US        |    366581 | PA      | $369482.30    | 0.52%             | 2028-10-06      | Floating      | 9.61%                 | No            |                  2 | On Loan: No      |
| Waystar Technologies Inc                                                    | WAYSTAR TECHNOLOGIES INC                                                        | CUSIP: 63939WAM5<br>LEI: 549300BIRBTAWWHCSZ09 | Long             | LON              | CORP              | US        |    515760 | PA      | $517910.46    | 0.74%             | 2029-10-22      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                           | Newell Brands Inc                                                               | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     43000 | PA      | $45166.06     | 0.06%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                                               | FirstCash Inc                                                                   | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    499000 | PA      | $512151.15    | 0.73%             | 2032-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Hyperion Refinance S.A R.L.                                                 | HYPERION REFINANCE SARL                                                         | CUSIP: 000000000<br>LEI: 213800R6D9EVRN5D3117 | Long             | LON              | CORP              | LU        |    223437 | PA      | $224054.98    | 0.32%             | 2031-02-15      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| Flash Charm Inc (fka Idera Inc)                                             | IDERA INC                                                                       | CUSIP: 45168RAS2<br>LEI: 549300VQ6S3PWR8NUC48 | Long             | LON              | CORP              | US        |     75574 | PA      | $65938.18     | 0.09%             | 2029-03-02      | Floating      | 11.18%                | No            |                  2 | On Loan: No      |
| X.Ai Corp.                                                                  | XAI CORP                                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    164516 | PA      | $165661.98    | 0.24%             | 2028-06-30      | Floating      | 12.50%                | No            |                  2 | On Loan: No      |
| AHP HEALTH PARTN                                                            | AHP Health Partners Inc                                                         | CUSIP: 00150LAB7<br>LEI: 549300QMM8MQ6SM5KX05 | Long             | DBT              | CORP              | US        |    270000 | PA      | $261018.86    | 0.37%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Akorn Operating Company LLC                                                 | Akorn Operating Company LLC                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26696 | NS      | $1067.84      | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                                                      | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC     | CUSIP: 03969YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    292000 | PA      | $292496.69    | 0.42%             | 2027-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                                                    | Standard Building Solutions Inc                                                 | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    321000 | PA      | $328024.12    | 0.47%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Connectwise, LLC                                                            | ConnectWise LLC                                                                 | CUSIP: 20786NAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    119085 | PA      | $119648.49    | 0.17%             | 2028-09-29      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                                    | Builders FirstSource Inc                                                        | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    320000 | PA      | $325106.88    | 0.46%             | 2034-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS INC                                                            | Vail Resorts Inc                                                                | CUSIP: 91879QAP4<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |    106000 | PA      | $109011.58    | 0.15%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                                                      | SCIH Salt Holdings Inc                                                          | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     57000 | PA      | $55395.38     | 0.08%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UNDER ARMOUR INC                                                            | Under Armour Inc                                                                | CUSIP: 904311AD9<br>LEI: 549300D4549QKWETZ406 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56252.38     | 0.08%             | 2030-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Osttra Group Ltd.                                                           | ORION US FINCO                                                                  | CUSIP: 68631KAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    124028 | PA      | $124751.44    | 0.18%             | 2032-05-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PAYSAFE FIN PLC/PAYSAFE                                                     | Paysafe Finance PLC / Paysafe Holdings US Corp                                  | CUSIP: 70452AAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    216000 | PA      | $198594.77    | 0.28%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ZIPRECRUITER INC                                                            | ZipRecruiter Inc                                                                | CUSIP: 98980BAA1<br>LEI: 549300HLOVNNFCY2IV80 | Long             | DBT              | CORP              | US        |    410000 | PA      | $310672.87    | 0.44%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                                                    | Jones Deslauriers Insurance Management Inc                                      | CUSIP: 48020RAA3<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |     30000 | PA      | $31908.84     | 0.05%             | 2030-12-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| USI Inc                                                                     | USI INC/NY                                                                      | CUSIP: 90351NAR6<br>LEI: 2549006D7UF7072T7I27 | Long             | LON              | CORP              | US        |     77226 | PA      | $77256.67     | 0.11%             | 2029-11-21      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                                        | Fiesta Purchaser Inc                                                            | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    315000 | PA      | $333669.74    | 0.47%             | 2032-09-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Skopima Consilio Parent LLC (FKA GI Consilio)                               | SKOPIMA CONSILIO PARENT LLC                                                     | CUSIP: 36171NAG1<br>LEI: 254900K3R60UMIODZD21 | Long             | LON              | CORP              | US        |    135178 | PA      | $133762.23    | 0.19%             | 2028-05-12      | Floating      | 8.11%                 | No            |                  2 | On Loan: No      |
| Prometric Holdings Inc                                                      | PROMETRIC HOLDINGS INC                                                          | CUSIP: 80358TAG1<br>LEI: 54930034OH1XQT27TX40 | Long             | LON              | CORP              | US        |     98452 | PA      | $99252.07     | 0.14%             | 2032-06-18      | Floating      | 8.11%                 | No            |                  2 | On Loan: No      |
| Convergint (DG Investment Intermediate/Gopher Sub)                          | DG INVESTMENT INTERMEDI                                                         | CUSIP: 23344MAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    122503 | PA      | $122196.62    | 0.17%             | 2033-07-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WAND NEWCO 3 INC                                                            | Wand NewCo 3 Inc                                                                | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |    734000 | PA      | $771295.27    | 1.10%             | 2032-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| COGENT COMMS GRP / FIN                                                      | Cogent Communications Group LLC / Cogent Finance Inc                            | CUSIP: 19240WAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     84000 | PA      | $82423.56     | 0.12%             | 2032-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US                                                    | Sealed Air Corp/Sealed Air Corp US                                              | CUSIP: 812127AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     87000 | PA      | $90536.99     | 0.13%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                       | Level 3 Financing Inc                                                           | CUSIP: 527298BV4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    489152 | PA      | $555199.73    | 0.79%             | 2029-11-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| RAISING CANE'S RESTAURAN                                                    | Raising Cane's Restaurants LLC                                                  | CUSIP: 75103AAA3<br>LEI: 254900V6ADXFWHYOED66 | Long             | DBT              | CORP              | US        |     47000 | PA      | $49649.20     | 0.07%             | 2029-05-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                                       | Molina Healthcare Inc                                                           | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    520000 | PA      | $513694.06    | 0.73%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Chamberlain Group/Chariot Buyer                                             | CHARIOT BUYER LLC                                                               | CUSIP: 000000000<br>LEI: 25490092IFNOZBRVE539 | Long             | LON              | CORP              | US        |    280980 | PA      | $281213.29    | 0.40%             | 2032-07-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mavis Tire Express Services Topco Corp                                      | MAVIS TIRE EXPRESS SERVICES TOPCO CORP                                          | CUSIP: 57777YAG1<br>LEI: 254900NVDM4GTLBL9E56 | Long             | LON              | CORP              | US        |    460157 | PA      | $461259.48    | 0.66%             | 2028-05-04      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                                       | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    446000 | PA      | $489303.00    | 0.69%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| The Baldwin Insurance Group Holdings, LLC                                   | BALDWIN INSURANCE GROUP HOLDINGS LLC/THE                                        | CUSIP: 05825HAG9<br>LEI: 5493004GCDREAQPPYG20 | Long             | LON              | CORP              | US        |     58361 | PA      | $58530.69     | 0.08%             | 2031-05-26      | Floating      | 7.34%                 | No            |                  2 | On Loan: No      |
| Trucordia/PCF Insurance (BSL)                                               | TRUCORDIA                                                                       | CUSIP: 89783WAB1<br>LEI: 254900KYYP47CV7DMK95 | Long             | LON              | CORP              | US        |    332684 | PA      | $335075.69    | 0.48%             | 2032-06-17      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                                      | EquipmentShare.com Inc                                                          | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |    147000 | PA      | $153604.71    | 0.22%             | 2033-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DG Investment Intermediate Holdings 2 Inc                                   | DG INVESTMENT INTERMEDI                                                         | CUSIP: 23344MAM0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     52868 | PA      | $53082.50     | 0.08%             | 2032-07-02      | Floating      | 8.09%                 | No            |                  2 | On Loan: No      |
| IVC Acquisition Ltd                                                         | VETSTRATEGY CANADA HOLDINGS INC                                                 | CUSIP: 000000000<br>LEI: 254900WZMD2JOGND1Z32 | Long             | LON              | CORP              | CA        |    353859 | PA      | $356180.72    | 0.51%             | 2028-12-12      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                           | Herc Holdings Inc                                                               | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    514000 | PA      | $526609.45    | 0.75%             | 2029-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding Inc                                      | PROJECT ALPHA INTERMEDIATE HOLDING INC                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    149417 | PA      | $149697.61    | 0.21%             | 2033-05-09      | Floating      | 9.30%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                                         | NCL Corp Ltd                                                                    | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     56000 | PA      | $57553.75     | 0.08%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GRAHAM PACKAGING/GPC CAP                                                    | Graham Packaging Co Inc                                                         | CUSIP: 384701AA6<br>LEI: 549300YS0ZFT826HIK72 | Long             | DBT              | CORP              | US        |   1153000 | PA      | $1152189.33   | 1.64%             | 2028-08-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Clearwater Analytics LLC                                                    | CLEARWATER ANALYTICS LLC                                                        | CUSIP: 18512EAF9<br>LEI: 894500N8DN2JO5ZDRQ11 | Long             | LON              | CORP              | US        |    107943 | PA      | $108347.83    | 0.15%             | 2032-04-21      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| Highline AfterMarket Acquisition LLC                                        | HIGHLINE AFTERMARKET ACQUISITION LLC                                            | CUSIP: 43110HAF6<br>LEI: 254900Q5W6G5KG3GHJ04 | Long             | LON              | CORP              | US        |    266609 | PA      | $268774.84    | 0.38%             | 2030-02-13      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                                              | Rocket Cos Inc                                                                  | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    188000 | PA      | $191991.84    | 0.27%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Genesys Cloud Services Holdings II LLC (f/k/a Greeneden US Holdings II LLC) | GENESYS CLOUD SERVICES                                                          | CUSIP: 39479UAY9<br>LEI: 254900CRMBG6WX4HX396 | Long             | LON              | CORP              | US        |    132484 | PA      | $132518.89    | 0.19%             | 2032-01-30      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                                    | Clarios Global LP / Clarios US Finance Co                                       | CUSIP: 69867DAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   1206000 | PA      | $1215604.58   | 1.73%             | 2027-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                                             | Gen Digital Inc                                                                 | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    212000 | PA      | $216659.34    | 0.31%             | 2033-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRINET GROUP INC                                                            | TriNet Group Inc                                                                | CUSIP: 896288AC1<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |    400000 | PA      | $412010.40    | 0.59%             | 2031-08-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC                                                                | ACRISURE LLC                                                                    | CUSIP: 00488PAV7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |     58361 | PA      | $58442.57     | 0.08%             | 2030-11-06      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                                      | Acrisure LLC / Acrisure Finance Inc                                             | CUSIP: 004961AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $253282.20    | 0.36%             | 2032-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RINGCENTRAL INC                                                             | RingCentral Inc                                                                 | CUSIP: 76680RAJ6<br>LEI: 549300C8EH0H1614VE84 | Long             | DBT              | CORP              | US        |    631000 | PA      | $671124.66    | 0.95%             | 2030-08-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| PAPA JOHN'S INTERNATIONA                                                    | Papa John's International Inc                                                   | CUSIP: 698813AA0<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | DBT              | CORP              | US        |    150000 | PA      | $143531.76    | 0.20%             | 2029-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AthenaHealth Group Inc                                                      | ATHENAHEALTH GROUP INC                                                          | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |    968787 | PA      | $969223.27    | 1.38%             | 2029-02-15      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                                             | Fair Isaac Corp                                                                 | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    144000 | PA      | $145036.16    | 0.21%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                                                          | CP Atlas Buyer Inc                                                              | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |    178000 | PA      | $179724.82    | 0.26%             | 2030-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                                    | Snap Inc                                                                        | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    171000 | PA      | $175462.42    | 0.25%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Amspec Parent LLC                                                           | AMSPEC PARENT LLC                                                               | CUSIP: 03218AAE9<br>LEI: 254900LUGRP5Z7OOV477 | Long             | LON              | CORP              | US        |    106179 | PA      | $106975.61    | 0.15%             | 2031-12-22      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| OneDigital Borrower LLC                                                     | ONEDIGITAL BORROWER LLC                                                         | CUSIP: 68252HAB0<br>LEI: 2549009GTKWWAO1E9X77 | Long             | LON              | CORP              | US        |    687388 | PA      | $692330.00    | 0.98%             | 2032-07-02      | Floating      | 9.61%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                                      | WESCO Distribution Inc                                                          | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     90000 | PA      | $92209.95     | 0.13%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| X Corp (f/k/a Twitter Inc)                                                  | X CORP                                                                          | CUSIP: 90184NAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    256966 | PA      | $249668.55    | 0.35%             | 2029-10-26      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                                     | UKG Inc                                                                         | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |    815000 | PA      | $837241.35    | 1.19%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Inmar Inc                                                                   | INMAR INC                                                                       | CUSIP: 45763FAV0<br>LEI: 549300N1ML5MXXFIDZ25 | Long             | LON              | CORP              | US        |    195374 | PA      | $197001.93    | 0.28%             | 2031-10-30      | Floating      | 8.80%                 | No            |                  2 | On Loan: No      |
| CONCENTRA HEALTH SERVICE                                                    | Concentra Health Services Inc                                                   | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |     34000 | PA      | $34977.17     | 0.05%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Restoration Hardware, Inc.                                                  | RH                                                                              | CUSIP: 76133MAC5<br>LEI: 549300H9H1H3OC7C3H47 | Long             | LON              | CORP              | US        |     53841 | PA      | $52680.66     | 0.07%             | 2028-10-20      | Floating      | 7.71%                 | No            |                  2 | On Loan: No      |
| ProAmpac PG Borrower LLC                                                    | PROAMPAC PG BORROWER LLC                                                        | CUSIP: 74274NAL7<br>LEI: 549300ZI6LTXYFEY1578 | Long             | LON              | CORP              | US        |    177740 | PA      | $178517.76    | 0.25%             | 2028-09-15      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                                                       | Panther Escrow Issuer LLC                                                       | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    929000 | PA      | $961271.04    | 1.37%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                                      | Cloud Software Group Inc                                                        | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    267000 | PA      | $284510.13    | 0.40%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Proofpoint Inc                                                              | PROOFPOINT INC                                                                  | CUSIP: 74345HAG6<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |    624992 | PA      | $626751.76    | 0.89%             | 2028-08-31      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| Onex TSG Intermediate Corp                                                  | ONEX TSG INTERMEDIATE CORP                                                      | CUSIP: 000000000<br>LEI: 5493006IJC5WXT1WJK88 | Long             | LON              | CORP              | US        |     50405 | PA      | $50573.04     | 0.07%             | 2032-07-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FORTREA HOLDINGS INC                                                        | Fortrea Holdings Inc                                                            | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |    234000 | PA      | $214237.88    | 0.30%             | 2030-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PIKE CORP                                                                   | Pike Corp                                                                       | CUSIP: 721283AB5<br>LEI: 549300P4EKEP6HK0NC58 | Long             | DBT              | CORP              | US        |    150000 | PA      | $161488.80    | 0.23%             | 2031-01-31      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                                           | Service Corp International/US                                                   | CUSIP: 817565CH5<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    132000 | PA      | $132477.84    | 0.19%             | 2032-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OneDigital Borrower LLC                                                     | ONEDIGITAL BORROWER LLC                                                         | CUSIP: 68277FAN9<br>LEI: 2549009GTKWWAO1E9X77 | Long             | LON              | CORP              | US        |     85226 | PA      | $85439.39     | 0.12%             | 2031-07-02      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| Jump Financial LLC                                                          | JUMP FINANCIAL LLC                                                              | CUSIP: 48138UAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     97914 | PA      | $98158.75     | 0.14%             | 2032-02-20      | Floating      | 8.55%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                                                       | Trivium Packaging Finance BV                                                    | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |     87000 | PA      | $91668.85     | 0.13%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                                                    | Jones Deslauriers Insurance Management Inc                                      | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    172000 | PA      | $181626.62    | 0.26%             | 2030-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc                                                       | AADVANTAGELOYALTYIPLTD                                                          | CUSIP: 02376CBT1<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |     74581 | PA      | $75186.75     | 0.11%             | 2032-05-28      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                           | Post Holdings Inc                                                               | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    335000 | PA      | $335584.95    | 0.48%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Starlight Parent LLC                                                        | STARLIGHT PARENT LLC                                                            | CUSIP: 000000000<br>LEI: 254900ZM34IBOK68V949 | Long             | LON              | CORP              | US        |    169026 | PA      | $167335.92    | 0.24%             | 2032-04-16      | Floating      | 8.34%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                                          | Ardonagh Finco Ltd                                                              | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    710000 | PA      | $740907.72    | 1.05%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                           | Newell Brands Inc                                                               | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    250000 | PA      | $239707.13    | 0.34%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| New Millennium Lender Claim                                                 | New Millennium Lender Claim                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                                      | Cloud Software Group Inc                                                        | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    188000 | PA      | $189989.98    | 0.27%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                       | QUIKRETE HOLDING 01/30/32                                                       | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    140648 | PA      | $140700.24    | 0.20%             | 2032-02-10      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                              | Gray Media Inc                                                                  | CUSIP: 389375AL0<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    285000 | PA      | $213393.75    | 0.30%             | 2030-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Grant Thornton Advisors LLC                                                 | GRANT THORNTON ADVISORS                                                         | CUSIP: 38821UAD2<br>LEI: 254900XS1SHU0YY3WF58 | Long             | LON              | CORP              | US        |     27174 | PA      | $27227.31     | 0.04%             | 2031-06-02      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| HIG Finance 2 Limited                                                       | HOWDEN GROUP HOLDINGS LTD                                                       | CUSIP: 000000000<br>LEI: 875500V3HPKZIQP10J32 | Long             | LON              | CORP              | GB        |    670334 | PA      | $673162.65    | 0.96%             | 2030-04-18      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                               | TransDigm Inc                                                                   | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    288000 | PA      | $296501.47    | 0.42%             | 2032-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                                                      | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc              | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    369000 | PA      | $347453.46    | 0.49%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                                      | Acrisure LLC / Acrisure Finance Inc                                             | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    705000 | PA      | $728786.00    | 1.03%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                                    | iHeartCommunications Inc                                                        | CUSIP: 45174HBL0<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |    628000 | PA      | $312624.68    | 0.44%             | 2030-05-01      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| BALDWIN INSUR GRP/FIN                                                       | Baldwin Insurance Group Holdings LLC / Baldwin Insurance Group Holdings Finance | CUSIP: 05825XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    755000 | PA      | $780171.70    | 1.11%             | 2031-05-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Kaseya Inc.                                                                 | KASEYA INC                                                                      | CUSIP: 000000000<br>LEI: 254900MISXMLRZ63NH46 | Long             | LON              | CORP              | US        |     14110 | PA      | $14200.66     | 0.02%             | 2033-03-05      | Floating      | 9.36%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                                              | Azorra Finance Ltd                                                              | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |     54000 | PA      | $56292.46     | 0.08%             | 2030-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                               | TransDigm Inc                                                                   | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     83000 | PA      | $83482.54     | 0.12%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                                       | Caesars Entertainment Inc                                                       | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    300000 | PA      | $289792.62    | 0.41%             | 2032-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding Inc                                      | PROJECT ALPHA INTERMEDIATE HOLDING INC                                          | CUSIP: 74339DAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    101315 | PA      | $101681.89    | 0.14%             | 2030-10-28      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                                                    | Charles River Laboratories International Inc                                    | CUSIP: 159864AJ6<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    226000 | PA      | $207620.78    | 0.29%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                                     | Jane Street Group / JSG Finance Inc                                             | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     84000 | PA      | $86021.12     | 0.12%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| New Millennium Corp Claim                                                   | New Millennium Corp Claim                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Knife River Corporation                                                     | KNIFE RIVER HOLD CO                                                             | CUSIP: 49889LAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     79452 | PA      | $79849.24     | 0.11%             | 2032-03-08      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                               | Carnival Corp                                                                   | CUSIP: 143658BZ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    230000 | PA      | $233593.75    | 0.33%             | 2031-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LIGHTNING POWER LLC                                                         | Lightning Power LLC                                                             | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |    377000 | PA      | $394424.19    | 0.56%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Leia Finco US LLC                                                           | LEIA FINCO US LLC                                                               | CUSIP: 52526CAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    685411 | PA      | $688837.97    | 0.98%             | 2032-10-09      | Floating      | 9.46%                 | No            |                  2 | On Loan: No      |
| CANPACK SA/CANPACK US                                                       | Canpack SA / Canpack US LLC                                                     | CUSIP: 13806CAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     44000 | PA      | $41020.91     | 0.06%             | 2029-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio           | Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio               | CUSIP: 61747C582<br>LEI: 549300D1XR6GP7EZ0T47 | Long             | STIV             | RF                | US        |   4560752 | NS      | $4560752.19   | 6.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Petco Health and Wellness Company Inc                                       | Petco Health & Wellness Co Inc                                                  | CUSIP: 71601HAB2<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |    491817 | PA      | $460803.01    | 0.65%             | 2028-03-03      | Floating      | 7.81%                 | No            |                  2 | On Loan: No      |
| SAVOR ACQUISITION INC                                                       | SAVOR ACQUISITION INC                                                           | CUSIP: 80536AAC6<br>LEI: 25490051R6ZOBEBPQ519 | Long             | LON              | CORP              | US        |     11626 | PA      | $11698.25     | 0.02%             | 2032-02-19      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| WEX INC                                                                     | WEX Inc                                                                         | CUSIP: 96208TAD6<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15206.52     | 0.02%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO                                                                  | Opal Bidco SAS                                                                  | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    140000 | PA      | $141492.51    | 0.20%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                                       | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    132000 | PA      | $135871.63    | 0.19%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Centuri Group Inc                                                           | CENTURI GROUP INC                                                               | CUSIP: 000000000<br>LEI: 254900H4HY0IHK5J9N53 | Long             | LON              | CORP              | US        |     74269 | PA      | $74536.26     | 0.11%             | 2032-07-01      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                                | US Foods Inc                                                                    | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    221000 | PA      | $219520.01    | 0.31%             | 2033-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Sedgwick Claims Management Services, Inc.                                   | SEDGWICK CLAIMS MANAGEMENT SERVICES INC                                         | CUSIP: 000000000<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |    768757 | PA      | $770571.36    | 1.09%             | 2031-07-31      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| Knowbe4, Inc.                                                               | KNOWBE4 INC                                                                     | CUSIP: 000000000<br>LEI: 64883ZJ0RS5039H4PN24 | Long             | LON              | CORP              | US        |    193800 | PA      | $194164.34    | 0.28%             | 2032-07-21      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| BRINKER INTERNATIONAL IN                                                    | Brinker International Inc                                                       | CUSIP: 109641AK6<br>LEI: 52990067JY6PBGJNTG76 | Long             | DBT              | CORP              | US        |     53000 | PA      | $56264.38     | 0.08%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| IRB Holding Corp                                                            | IRB HOLDING CORP                                                                | CUSIP: 44988LAL1<br>LEI: 549300HVW4WNWYBXN830 | Long             | LON              | CORP              | US        |   1308539 | PA      | $1309658.11   | 1.86%             | 2027-12-15      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| Ascensus Group Holdings Inc (f/k/a Mercury Borrower Inc)                    | ASCENSUS HOLDINGS INC                                                           | CUSIP: 03836BAH2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    201672 | PA      | $202122.13    | 0.29%             | 2028-08-02      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| QXO Building Products Inc (f/k/a Beacon Roofing Supply Inc.)                | QXO INC                                                                         | CUSIP: 07368RAJ0<br>LEI: 549300HDXQWWCBOYXP31 | Long             | LON              | CORP              | US        |     37853 | PA      | $38224.29     | 0.05%             | 2032-04-30      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC                                                           | Waste Pro USA Inc                                                               | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |    461000 | PA      | $479469.04    | 0.68%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Parexel International Inc (f/k/a Phoenix Newco Inc)                         | PHOENIX NEWCO INC                                                               | CUSIP: 71911KAE4<br>LEI: 254900PHGVI5379Z9791 | Long             | LON              | CORP              | US        |    446575 | PA      | $447720.25    | 0.64%             | 2028-11-15      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                                       | HUB International Ltd                                                           | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    620000 | PA      | $646697.82    | 0.92%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                                       | Quikrete Holdings Inc                                                           | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    288000 | PA      | $295564.11    | 0.42%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                                    | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    231000 | PA      | $234643.79    | 0.33%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Great Outdoors Group LLC                                                    | GREAT OUTDOORS GROUP LLC                                                        | CUSIP: 07014QAP6<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |     81572 | PA      | $81755.50     | 0.12%             | 2032-01-23      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| Paysafe Holdings (US) Corp                                                  | PAYSAFE HOLDINGS(US)                                                            | CUSIP: 70451NAB2<br>LEI: 549300N8UN7DUDH51357 | Long             | LON              | CORP              | US        |     72310 | PA      | $72339.61     | 0.10%             | 2028-06-28      | Floating      | 7.34%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                                       | Williams Scotsman Inc                                                           | CUSIP: 96949VAN3<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30954.77     | 0.04%             | 2030-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                                                    | Performance Food Group Inc                                                      | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    160000 | PA      | $162677.92    | 0.23%             | 2032-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| LABL INC                                                                    | LABL Inc                                                                        | CUSIP: 50168QAF2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |    243000 | PA      | $202120.23    | 0.29%             | 2031-10-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                                          | Osaic Holdings Inc                                                              | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |     54000 | PA      | $54917.92     | 0.08%             | 2033-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                                                    | Albion Financing 1 SARL / Aggreko Holdings Inc                                  | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     86000 | PA      | $88733.60     | 0.13%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Vista Management Holding Inc.                                               | VISTA MANAGEMENT HOLDING INC                                                    | CUSIP: 92842EAB4<br>LEI: 5299005VABKD28UWHI65 | Long             | LON              | CORP              | US        |    331789 | PA      | $333585.42    | 0.47%             | 2031-03-18      | Floating      | 8.04%                 | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Corp                                                   | Gainwell Acquisition Corp                                                       | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    639339 | PA      | $631548.75    | 0.90%             | 2027-10-01      | Floating      | 8.40%                 | No            |                  2 | On Loan: No      |
| X Corp (f/k/a Twitter Inc)                                                  | X CORP                                                                          | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    362225 | PA      | $353593.28    | 0.50%             | 2029-10-26      | Floating      | 10.96%                | No            |                  2 | On Loan: No      |
| MITER BRAND / MIWD BORR                                                     | Miter Brands Acquisition Holdco Inc / MIWD Borrower LLC                         | CUSIP: 60672JAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     86000 | PA      | $87858.46     | 0.12%             | 2032-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                                       | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     14000 | PA      | $15127.96     | 0.02%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                                             | Madison IAQ LLC                                                                 | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    289000 | PA      | $281631.11    | 0.40%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PROOFPOINT INC                                                              | PROOFPOINT INC                                                                  | CUSIP: 74345HAJ0<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |     96794 | PA      | $97066.35     | 0.14%             | 2028-08-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GoTo Group Inc                                                              | GOTO GROUP INC                                                                  | CUSIP: 38349FAD8<br>LEI: 549300D12V5KRBV00592 | Long             | LON              | CORP              | US        |    585583 | PA      | $221789.39    | 0.31%             | 2028-04-28      | Floating      | 9.70%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                                    | Builders FirstSource Inc                                                        | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |     61000 | PA      | $62619.54     | 0.09%             | 2035-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Mcafee Corp                                                                 | MCAFEE CORP                                                                     | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |    685551 | PA      | $664412.25    | 0.94%             | 2029-03-01      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                      | Venture Global LNG Inc                                                          | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    355000 | PA      | $367438.49    | 0.52%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| AHP Health Partners Inc                                                     | AHP HEALTH PARTNERS                                                             | CUSIP: 00130MAK0<br>LEI: 549300QMM8MQ6SM5KX05 | Long             | LON              | CORP              | US        |    165209 | PA      | $165725.62    | 0.24%             | 2028-08-24      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| Amspec Parent LLC                                                           | AMSPEC PARENT LLC                                                               | CUSIP: 03218AAF6<br>LEI: 254900LUGRP5Z7OOV477 | Long             | LON              | CORP              | US        |     16335 | PA      | $16457.78     | 0.02%             | 2031-12-22      | Floating      | 2.36%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                                                         | Clarivate Science Holdings Corp                                                 | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $468671.30    | 0.67%             | 2029-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| The Boots Group                                                             | BOOTS GROUP FINCO LP                                                            | CUSIP: 000000000<br>LEI: 254900YVLYOVF1PF1N93 | Long             | LON              | CORP              | US        |     39662 | PA      | $39687.21     | 0.06%             | 2032-07-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                                       | HUB International Ltd                                                           | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    625000 | PA      | $651170.96    | 0.92%             | 2032-01-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Ensemble RCM LLC                                                            | ENSEMBLE RCM LLC                                                                | CUSIP: 29359BAE1<br>LEI: 254900PDXJVVI20WAQ37 | Long             | LON              | CORP              | US        |    370983 | PA      | $373121.97    | 0.53%             | 2029-08-01      | Floating      | 7.31%                 | No            |                  2 | On Loan: No      |
| TK Elevator Midco Gmbh                                                      | TK ELEVATOR US NEWCO INC                                                        | CUSIP: 000000000<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | US        |    426178 | PA      | $429001.54    | 0.61%             | 2030-04-30      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                                                       | Scotts Miracle-Gro Co/The                                                       | CUSIP: 810186AW6<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |    135000 | PA      | $122881.91    | 0.17%             | 2032-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Altera Corporation                                                          | GRYPHON DEBT MERGER SUB                                                         | CUSIP: 40054QAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    295356 | PA      | $296341.47    | 0.42%             | 2032-06-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE                                                      | Ardonagh Group Finance Ltd                                                      | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |    210000 | PA      | $221029.20    | 0.31%             | 2032-02-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| HANESBRANDS INC                                                             | Hanesbrands Inc                                                                 | CUSIP: 410345AQ5<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |    289000 | PA      | $304546.76    | 0.43%             | 2031-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                                                    | Ashton Woods USA LLC / Ashton Woods Finance Co                                  | CUSIP: 045086AR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    114000 | PA      | $113849.26    | 0.16%             | 2033-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Project Ruby Ultimate Parent Corp                                           | PROJECT RUBY ULTIMATE PARENT CORP                                               | CUSIP: 74339UBA7<br>LEI: 549300UGGIEE7YT1C741 | Long             | LON              | CORP              | US        |    673815 | PA      | $675499.23    | 0.96%             | 2028-03-10      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| Goosehead Insurance Holdings, LLC                                           | GOOSEHEAD INSURANCE HOLD                                                        | CUSIP: 000000000<br>LEI: 549300DF8P4C7IP1QR40 | Long             | LON              | CORP              | US        |    228773 | PA      | $230774.40    | 0.33%             | 2032-01-08      | Floating      | 7.34%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                                                              | Brink's Co/The                                                                  | CUSIP: 109696AD6<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    318000 | PA      | $327875.17    | 0.47%             | 2032-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                                           | DISH Network Corp                                                               | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |    678000 | PA      | $706693.64    | 1.00%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                                        | Fiesta Purchaser Inc                                                            | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    313000 | PA      | $331120.20    | 0.47%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                                                       | Six Flags Entertainment Corp                                                    | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |     62000 | PA      | $63237.64     | 0.09%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ABG Intermediate Holdings 2 LLC                                             | ABG INTERMEDIATE HLDGS 2                                                        | CUSIP: 00076VBL3<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |     87253 | PA      | $87198.16     | 0.12%             | 2028-12-21      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| EZCORP INC                                                                  | EZCORP Inc                                                                      | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |     59000 | PA      | $61593.64     | 0.09%             | 2032-04-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Whatabrands LLC                                                             | WHATABRANDS LLC                                                                 | CUSIP: 96244UAJ6<br>LEI: 254900HMMX4HTWIP0085 | Long             | LON              | CORP              | US        |    629859 | PA      | $630700.15    | 0.90%             | 2028-08-03      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| CFC Bidco 2022 Limited                                                      | CFC USA 2025 LLC                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     49838 | PA      | $49869.20     | 0.07%             | 2032-05-28      | Floating      | 8.04%                 | No            |                  2 | On Loan: No      |
| TricorBraun Inc                                                             | TricorBraun Holdings Inc                                                        | CUSIP: 00184NAB3<br>LEI: 2549009AB5YVVW5J1U62 | Long             | LON              | CORP              | US        |    134963 | PA      | $135130.52    | 0.19%             | 2028-03-03      | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                                                    | Graphic Packaging International LLC                                             | CUSIP: 38869AAE7<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    109000 | PA      | $110451.01    | 0.16%             | 2032-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                                                    | Sinclair Television Group Inc                                                   | CUSIP: 829259AW0<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |     57000 | PA      | $55001.13     | 0.08%             | 2027-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                           | Herc Holdings Inc                                                               | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    196000 | PA      | $203104.80    | 0.29%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| JB POINDEXTER & CO INC                                                      | JB Poindexter & Co Inc                                                          | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |     27000 | PA      | $27647.66     | 0.04%             | 2031-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                                                     | Allied Universal Holdco LLC                                                     | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    129000 | PA      | $135360.60    | 0.19%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SC GAMES HOLDIN/US FINCO                                                    | Scientific Games Holdings LP/Scientific Games US FinCo Inc                      | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    181000 | PA      | $174491.69    | 0.25%             | 2030-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| GATES CORPORATION/DE                                                        | Gates Corp/DE                                                                   | CUSIP: 367398AA2<br>LEI: 984500F43C791F4C7894 | Long             | DBT              | CORP              | US        |     79000 | PA      | $81396.07     | 0.12%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                                      | EquipmentShare.com Inc                                                          | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     60000 | PA      | $63310.56     | 0.09%             | 2028-05-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| SPX FLOW INC                                                                | SPX FLOW Inc                                                                    | CUSIP: 758071AA2<br>LEI: 5493003YXEKRBINIEM78 | Long             | DBT              | CORP              | US        |    125000 | PA      | $129218.25    | 0.18%             | 2030-04-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| MV Holding GmbH FKA Igloo Holdings Corp                                     | MX HOLDINGS US INC                                                              | CUSIP: 55404TAF9<br>LEI: 549300RKTIVJWNROR778 | Long             | LON              | CORP              | US        |     26506 | PA      | $26663.82     | 0.04%             | 2032-03-17      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| LIFE TIME INC                                                               | Life Time Inc                                                                   | CUSIP: 53190FAE5<br>LEI: 549300PALKE96VYH4X17 | Long             | DBT              | CORP              | US        |     93000 | PA      | $93744.44     | 0.13%             | 2031-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-18

**Name of Applicant:** First Trust Series Fund

**Signature:** Derek Maltbie

**Name of Signer:** Derek Maltbie

**Title:** Treasurer, Chief Financial Officer and Chief Accounting Officer