# EDGAR Filing Document

**Accession Number:** 0000225604
**File Stem:** 0001752724-23-068527
**Filing Date:** 2023-3
**Character Count:** 141528
**Document Hash:** a15d21218abdde101f93ed6a7de3ac2d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-068527.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001752724-23-068527

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**PERIOD START**: 20230131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MFS SERIES TRUST III
- **CENTRAL INDEX KEY:** 0000225604
- **IRS NUMBER:** 046414785
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02794
- **FILM NUMBER:** 23766980

**BUSINESS ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 18006372929

**MAIL ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS SERIES TRUST III /MA
- **DATE OF NAME CHANGE:** 19940411

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS HIGH INCOME FUND
- **DATE OF NAME CHANGE:** 19930408

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MASSACHUSETTS FINANCIAL HIGH INCOME TRUST
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### MFS High Income Fund (Series ID: S000002427)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000006471 | A            | MHITX           |
| C000006472 | R4           | MHIJX           |
| C000006476 | B            | MHIBX           |
| C000006477 | C            | MHICX           |
| C000006478 | I            | MHIIX           |
| C000006480 | R1           | MHIGX           |
| C000006482 | R2           | MIHRX           |
| C000006483 | R3           | MHIHX           |
| C000116932 | R6           | MHIKX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MFS Series Trust III

- **b. Investment Company Act file number:** 811-02794

- **c. CIK number of Registrant:** 0000225604

- **d. LEI of Registrant:** 549300V6TTODTL97GD50

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

  - **Street Address 1:** 111 Huntington Avenue

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02199

  - **Telephone number:** 617-954-5000

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

- **a. Name of Series:** MFS High Income Fund

- **b. EDGAR series identifier (if any):** S000002427

- **c. LEI of Series:** DMVGFZCV67YA34LSI126

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

- **a. Date of fiscal year-end:** 2023-01-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $1761766078.48

**Total Liabilities:** $15650089.50

**Net Assets:** $1746115988.98

**Delayed Delivery Securities:** $4326990.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -64.48433810 | **1-Year:** -3481.67581180 | **5-Year:** -12421.60488890 | **10-Year:** -1702.65212250 | **30-Year:** 0.00000000

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

- **3-Month:** -2344.62257620 | **1-Year:** -107101.02316070 | **5-Year:** -451603.45700500 | **10-Year:** -118570.53528410 | **30-Year:** -1850.31046300

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000006471 | 2.52%                | -0.66%               | 3.91%                |
| Class ID C000006482 | 2.50%                | -0.69%               | 3.56%                |
| Class ID C000006472 | 2.54%                | -0.64%               | 3.93%                |
| Class ID C000006476 | 2.10%                | -0.38%               | 3.49%                |
| Class ID C000006478 | 2.54%                | -0.64%               | 3.94%                |
| Class ID C000006480 | 2.10%                | -0.38%               | 3.49%                |
| Class ID C000116932 | 2.55%                | -0.63%               | 3.94%                |
| Class ID C000006483 | 2.17%                | -0.32%               | 3.57%                |
| Class ID C000006477 | 2.45%                | -0.72%               | 3.84%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4396048.22             | $38309562.34                               |
| Month 2  | $-7497123.54             | $-10233054.29                              |
| Month 3  | $-6791280.17             | $62286792.27                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Energizer Holdings, Inc.                         | Energizer Holdings, Inc.                          | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |   5233000 | PA      | $4544441.86   | 0.26%             | 2029-03-31      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Sensata Technologies BV                          | Sensata Technologies BV                           | CUSIP: 81725WAL7<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |   3585000 | PA      | $3517781.25   | 0.20%             | 2030-09-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Crown Americas LLC                               | Crown Americas LLC                                | CUSIP: 228187AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3345000 | PA      | $3267864.30   | 0.19%             | 2026-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Encino Acquisition Partners Holdings LLC         | Encino Acquisition Partners Holdings LLC          | CUSIP: 29254BAA5<br>LEI: 549300BUKUEKT2UE4T49 | Long             | DBT              | CORP              | US        |   4530000 | PA      | $4223365.25   | 0.24%             | 2028-05-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Standard Industries, Inc.                        | Standard Industries, Inc.                         | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   7580000 | PA      | $6479921.27   | 0.37%             | 2030-07-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Nabors Industries Ltd.                           | Nabors Industries Ltd.                            | CUSIP: 629571AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4623000 | PA      | $4495867.50   | 0.26%             | 2026-01-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Targa Resources Partners LP                      | Targa Resources Partners LP                       | CUSIP: 87612BBN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6945000 | PA      | $7132445.55   | 0.41%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                      | Allied Universal Holdco LLC                       | CUSIP: 019576AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5945000 | PA      | $5677475.00   | 0.33%             | 2027-07-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| BWX Technologies, Inc.                           | BWX Technologies, Inc.                            | CUSIP: 05605HAB6<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |   4184000 | PA      | $3776084.02   | 0.22%             | 2028-06-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                        | Ford Motor Credit Co. LLC                         | CUSIP: 345397XL2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  12220000 | PA      | $11669733.40  | 0.67%             | 2025-08-04      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Catalent Pharma Solutions, Inc.                  | Catalent Pharma Solutions, Inc.                   | CUSIP: 14879EAH1<br>LEI: 549300HALRZ339MSTH85 | Long             | DBT              | CORP              | US        |  14074000 | PA      | $11642575.76  | 0.67%             | 2029-02-15      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| SPCM SA                                          | SPCM SA                                           | CUSIP: 7846ELAE7<br>LEI: 969500F7036FEDYPRV54 | Long             | DBT              | CORP              | FR        |   7182000 | PA      | $6079563.00   | 0.35%             | 2030-03-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| APi Escrow Corp.                                 | APi Escrow Corp.                                  | CUSIP: 00185PAA9<br>LEI: 549300XP4G7B4QYA0G83 | Long             | DBT              | CORP              | US        |   8920000 | PA      | $7953326.40   | 0.46%             | 2029-10-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| NCR Corp.                                        | NCR Corp.                                         | CUSIP: 62886EAY4<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |   6910000 | PA      | $6086742.60   | 0.35%             | 2028-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                  | TransDigm, Inc.                                   | CUSIP: 893647BB2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   4535000 | PA      | $4478244.48   | 0.26%             | 2026-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| EQM Midstream Partners LP                        | EQM Midstream Partners LP                         | CUSIP: 26885BAF7<br>LEI: 549300NELT611CL6XM83 | Long             | DBT              | CORP              | US        |    452000 | PA      | $444998.52    | 0.03%             | 2025-07-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Match Group Holdings II LLC                      | Match Group Holdings II LLC                       | CUSIP: 57665RAG1<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |   5040000 | PA      | $4832679.60   | 0.28%             | 2027-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Asbury Automotive Group, Inc.                    | Asbury Automotive Group, Inc.                     | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |   7042000 | PA      | $6214142.48   | 0.36%             | 2029-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| SeaWorld Parks & Entertainment, Inc.             | SeaWorld Parks & Entertainment, Inc.              | CUSIP: 81282UAG7<br>LEI: 549300UZV72O3371JJ53 | Long             | DBT              | CORP              | US        |   4380000 | PA      | $3958698.88   | 0.23%             | 2029-08-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| N/A                                              | U.S. Treasury 10 Year Note                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -234 | NC      | $-341062.49   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Cimpress plc                                     | Cimpress plc                                      | CUSIP: 17186HAC6<br>LEI: 549300X1IFD75XISOR81 | Long             | DBT              | CORP              | IE        |   7135000 | PA      | $4953788.76   | 0.28%             | 2026-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Albertsons Cos., Inc.                            | Albertsons Cos., Inc.                             | CUSIP: 013092AG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5210000 | PA      | $4493625.00   | 0.26%             | 2029-03-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Videotron Ltd.                                   | Videotron Ltd.                                    | CUSIP: 92660FAN4<br>LEI: 549300LW4GNJRBECSD81 | Long             | DBT              | CORP              | CA        |   2526000 | PA      | $2197759.21   | 0.13%             | 2029-06-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Real Hero Merger Sub 2, Inc.                     | Real Hero Merger Sub 2, Inc.                      | CUSIP: 75602BAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4710000 | PA      | $3497175.00   | 0.20%             | 2029-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Parkland Corp.                                   | Parkland Corp.                                    | CUSIP: 70137WAL2<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |  10600000 | PA      | $9111779.08   | 0.52%             | 2030-05-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| US Acute Care Solutions LLC                      | US Acute Care Solutions LLC                       | CUSIP: 90367UAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4750000 | PA      | $4296850.00   | 0.25%             | 2026-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Match Group Holdings II LLC                      | Match Group Holdings II LLC                       | CUSIP: 57665RAL0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |   2010000 | PA      | $1728600.00   | 0.10%             | 2030-08-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Albertsons Cos., Inc.                            | Albertsons Cos., Inc.                             | CUSIP: 013092AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5840000 | PA      | $5536612.00   | 0.32%             | 2027-01-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Tap Rock Resources LLC                           | Tap Rock Resources LLC                            | CUSIP: 87602LAA0<br>LEI: 549300Y3SDS1HPFQ6H17 | Long             | DBT              | CORP              | US        |   1352000 | PA      | $1279668.00   | 0.07%             | 2026-10-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Boyd Gaming Corp.                                | Boyd Gaming Corp.                                 | CUSIP: 103304BU4<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |   3660000 | PA      | $3479443.05   | 0.20%             | 2027-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Southwestern Energy Co.                          | Southwestern Energy Co.                           | CUSIP: 845467AP4<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |   2595000 | PA      | $2725632.30   | 0.16%             | 2028-09-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Ardagh Packaging Finance plc                     | Ardagh Packaging Finance plc                      | CUSIP: 03969AAP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8060000 | PA      | $6600213.10   | 0.38%             | 2027-08-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| MFS Institutional Money Market Portfolio         | MFS Institutional Money Market Portfolio, Class A | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | STIV             | RF                | US        |  63817330 | NS      | $63823711.95  | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| LCPR Senior Secured Financing DAC                | LCPR Senior Secured Financing DAC                 | CUSIP: 50201DAA1<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | IE        |   7318000 | PA      | $7129927.40   | 0.41%             | 2027-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| 1375209 BC Ltd.                                  | 1375209 BC Ltd.                                   | CUSIP: 68251PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   3603000 | PA      | $3589524.78   | 0.21%             | 2028-01-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| HUB International Ltd.                           | HUB International Ltd.                            | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   9061000 | PA      | $8108434.29   | 0.46%             | 2029-12-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Compass Minerals International, Inc.             | Compass Minerals International, Inc.              | CUSIP: 20451NAG6<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |   6503000 | PA      | $6344606.04   | 0.36%             | 2027-12-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Ryan Specialty Group LLC                         | Ryan Specialty Group LLC                          | CUSIP: 78351MAA0<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |   3183000 | PA      | $2868678.75   | 0.16%             | 2030-02-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| DISH DBS Corp.                                   | DISH DBS Corp.                                    | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5175000 | PA      | $4460203.13   | 0.26%             | 2026-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| SRM Escrow Issuer LLC                            | SRM Escrow Issuer LLC                             | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |   4855000 | PA      | $4432712.10   | 0.25%             | 2028-11-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| US Foods, Inc.                                   | US Foods, Inc.                                    | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   7440000 | PA      | $6806069.89   | 0.39%             | 2029-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| VICI Properties LP                               | VICI Properties LP                                | CUSIP: 92564RAJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2138712.50   | 0.12%             | 2027-02-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC                                 | CCO Holdings LLC                                  | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17572000 | PA      | $15354237.88  | 0.88%             | 2030-03-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Bausch Health Cos., Inc.                         | Bausch Health Cos., Inc.                          | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   3989000 | PA      | $3120993.60   | 0.18%             | 2028-09-30      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                        | Ford Motor Credit Co. LLC                         | CUSIP: 345397ZR7<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   7835000 | PA      | $7425288.26   | 0.43%             | 2029-05-03      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| TMS International Corp.                          | TMS International Corp.                           | CUSIP: 87261QAC7<br>LEI: 549300L4K0F1YF8WKF23 | Long             | DBT              | CORP              | US        |   1515000 | PA      | $1137974.68   | 0.07%             | 2029-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Clarivate Science Holdings Corp.                 | Clarivate Science Holdings Corp.                  | CUSIP: 18064PAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1739989.68   | 0.10%             | 2028-07-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Go Daddy Operating Co. LLC                       | Go Daddy Operating Co. LLC                        | CUSIP: 38016LAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11513000 | PA      | $9956442.40   | 0.57%             | 2029-03-01      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Sabre GLBL, Inc.                                 | Sabre GLBL, Inc.                                  | CUSIP: 78573NAF9<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |   1546000 | PA      | $1516420.40   | 0.09%             | 2025-09-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Sabre GLBL, Inc.                                 | Sabre GLBL, Inc.                                  | CUSIP: 78573NAH5<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |   2577000 | PA      | $2731620.00   | 0.16%             | 2027-12-15      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: No      |
| Regal Rexnord Corp.                              | Regal Rexnord Corp.                               | CUSIP: 758750AE3<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   4294000 | PA      | $4378432.92   | 0.25%             | 2030-02-15      | Fixed         | 6.30%                 | Yes           |                  2 | On Loan: No      |
| Dornoch Debt Merger Sub, Inc.                    | Dornoch Debt Merger Sub, Inc.                     | CUSIP: 25830JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6195000 | PA      | $4651446.80   | 0.27%             | 2029-10-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| RegionalCare Hospital Partners Holdings, Inc.    | RegionalCare Hospital Partners Holdings, Inc.     | CUSIP: 53219LAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4250000 | PA      | $3726527.50   | 0.21%             | 2026-12-01      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Match Group Holdings II LLC                      | Match Group Holdings II LLC                       | CUSIP: 57667JAA0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    455000 | PA      | $365137.50    | 0.02%             | 2031-10-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Wynn Resorts Finance LLC                         | Wynn Resorts Finance LLC                          | CUSIP: 983133AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7125000 | PA      | $6359062.50   | 0.36%             | 2029-10-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| OneMain Finance Corp.                            | OneMain Finance Corp.                             | CUSIP: 85172FAM1<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   3430000 | PA      | $3419229.80   | 0.20%             | 2025-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Energizer Gamma Acquisition BV                   | Energizer Gamma Acquisition BV                    | CUSIP: N/A<br>LEI: 5493002SUYZDHEQ3JN34       | Long             | DBT              | CORP              | NL        |   3000000 | PA      | $2650384.95   | 0.15%             | 2029-06-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DISH Network Corp.                               | DISH Network Corp.                                | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   2540000 | PA      | $2639568.00   | 0.15%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| Nationstar Mortgage Holdings, Inc.               | Nationstar Mortgage Holdings, Inc.                | CUSIP: 63861CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8760000 | PA      | $8124900.00   | 0.47%             | 2027-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CCM Merger, Inc.                                 | CCM Merger, Inc.                                  | CUSIP: 14985VAE1<br>LEI: 549300P77RSBKKFME089 | Long             | DBT              | CORP              | US        |   5550000 | PA      | $5369625.00   | 0.31%             | 2026-05-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| WASH Multifamily Acquisition, Inc.               | WASH Multifamily Acquisition, Inc.                | CUSIP: 93710WAA3<br>LEI: 549300AS7PRY5PHG6L12 | Long             | DBT              | CORP              | US        |   5076000 | PA      | $4683718.65   | 0.27%             | 2026-04-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| N/A                                              | Forward Foreign Currency Contract                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-497.12      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NCR Corp.                                        | NCR Corp.                                         | CUSIP: 62886EBA5<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |   4146000 | PA      | $3611390.88   | 0.21%             | 2029-04-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Stericycle, Inc.                                 | Stericycle, Inc.                                  | CUSIP: 858912AG3<br>LEI: B8PTJH2P0AXSWSMP2136 | Long             | DBT              | CORP              | US        |   6232000 | PA      | $5529404.32   | 0.32%             | 2029-01-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Eldorado Gold Corp.                              | Eldorado Gold Corp.                               | CUSIP: 284902AF0<br>LEI: 5493004PWQ01YDD1IH62 | Long             | DBT              | CORP              | CA        |   3780000 | PA      | $3463945.96   | 0.20%             | 2029-09-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Calcasieu Pass LLC                | Venture Global Calcasieu Pass LLC                 | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |   7555000 | PA      | $6723950.00   | 0.39%             | 2029-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| NFP Corp.                                        | NFP Corp.                                         | CUSIP: 65342RAE0<br>LEI: VO2L9FZNXDJNQNEYH039 | Long             | DBT              | CORP              | US        |   4830000 | PA      | $4215285.90   | 0.24%             | 2028-08-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Calpine Corp.                                    | Calpine Corp.                                     | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   7800000 | PA      | $7062202.45   | 0.40%             | 2028-03-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Mattamy Group Corp.                              | Mattamy Group Corp.                               | CUSIP: 57701RAM4<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |   5115000 | PA      | $4313939.85   | 0.25%             | 2030-03-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Encompass Health Corp.                           | Encompass Health Corp.                            | CUSIP: 29261AAB6<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |   5035000 | PA      | $4615383.10   | 0.26%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Bombardier, Inc.                                 | Bombardier, Inc.                                  | CUSIP: 097751BZ3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   2680000 | PA      | $2677400.40   | 0.15%             | 2029-02-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Viavi Solutions, Inc.                            | Viavi Solutions, Inc.                             | CUSIP: 925550AF2<br>LEI: 5493006K3E3N1QOBF092 | Long             | DBT              | CORP              | US        |   8310000 | PA      | $7250475.00   | 0.42%             | 2029-10-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Catalent Pharma Solutions, Inc.                  | Catalent Pharma Solutions, Inc.                   | CUSIP: N/A<br>LEI: 549300HALRZ339MSTH85       | Long             | DBT              | CORP              | US        |   1975000 | PA      | $1776742.85   | 0.10%             | 2028-03-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                           | Tenet Healthcare Corp.                            | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |  11248000 | PA      | $10517779.84  | 0.60%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Arches Buyer, Inc.                               | Arches Buyer, Inc.                                | CUSIP: 039524AB9<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |   6680000 | PA      | $5626296.80   | 0.32%             | 2028-12-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Taseko Mines Ltd.                                | Taseko Mines Ltd.                                 | CUSIP: 876511AF3<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |   5045000 | PA      | $4780137.50   | 0.27%             | 2026-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Community Health Systems, Inc.                   | Community Health Systems, Inc.                    | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   3870000 | PA      | $3122780.40   | 0.18%             | 2030-05-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BellRing Brands, Inc.                            | BellRing Brands, Inc.                             | CUSIP: 07831CAA1<br>LEI: 549300S3BOK5CMTS8054 | Long             | DBT              | CORP              | US        |   6665000 | PA      | $6615693.93   | 0.38%             | 2030-03-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Entegris Escrow Corp.                            | Entegris Escrow Corp.                             | CUSIP: 29365BAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2496858.00   | 0.14%             | 2030-06-15      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Community Health Systems, Inc.                   | Community Health Systems, Inc.                    | CUSIP: 12543DBD1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   3900000 | PA      | $3675724.49   | 0.21%             | 2027-12-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Teleflex, Inc.                                   | Teleflex, Inc.                                    | CUSIP: 879369AF3<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | DBT              | CORP              | US        |   7756000 | PA      | $7404750.15   | 0.42%             | 2027-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Vector Group Ltd.                                | Vector Group Ltd.                                 | CUSIP: 92240MBL1<br>LEI: 549300TUIF4WWN6NDN50 | Long             | DBT              | CORP              | US        |   3120000 | PA      | $2720608.80   | 0.16%             | 2029-02-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Motion Bondco DAC                                | Motion Bondco DAC                                 | CUSIP: 61978XAA5<br>LEI: 635400KFD3IETNQLA755 | Long             | DBT              | CORP              | IE        |   5520000 | PA      | $4995493.85   | 0.29%             | 2027-11-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| NextEra Energy Operating Partners LP             | NextEra Energy Operating Partners LP              | CUSIP: 65342QAK8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   1535000 | PA      | $1499178.17   | 0.09%             | 2024-07-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Charles River Laboratories International, Inc.   | Charles River Laboratories International, Inc.    | CUSIP: 159864AG2<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |  12202000 | PA      | $10868135.32  | 0.62%             | 2029-03-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC                                 | CCO Holdings LLC                                  | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7435000 | PA      | $6193726.75   | 0.35%             | 2031-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| LABL, Inc.                                       | LABL, Inc.                                        | CUSIP: 50168QAC9<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |   2065000 | PA      | $1866243.75   | 0.11%             | 2028-11-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Iliad Holding SASU                               | Iliad Holding SASU                                | CUSIP: 449691AC8<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |   7662000 | PA      | $7195997.16   | 0.41%             | 2028-10-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| SBA Communications Corp.                         | SBA Communications Corp.                          | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |   6103000 | PA      | $5636338.38   | 0.32%             | 2027-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Intelsat SA                                      | Intelsat SA                                       | CUSIP: N/A<br>LEI: 549300YV2L21F4K80V46       | Long             | EC               | CORP              | LU        |     59152 | NS      | $1360496.00   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Michaels Cos., Inc. (The)                        | Michaels Cos., Inc. (The)                         | CUSIP: 55916AAB0<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |   3830000 | PA      | $2910800.00   | 0.17%             | 2029-05-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Prestige Brands, Inc.                            | Prestige Brands, Inc.                             | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |   2450000 | PA      | $2080295.00   | 0.12%             | 2031-04-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Bombardier, Inc.                                 | Bombardier, Inc.                                  | CUSIP: 097751BM2<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   2794000 | PA      | $2797492.50   | 0.16%             | 2025-03-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                              | Avation plc                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DO               |  | GB        |     62563 | NS      | $26995.78     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ZoomInfo Technologies LLC                        | ZoomInfo Technologies LLC                         | CUSIP: 98981BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2060000 | PA      | $1776750.00   | 0.10%             | 2029-02-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Altice France Holding SA                         | Altice France Holding SA                          | CUSIP: 02156TAA2<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |   8145000 | PA      | $5495524.19   | 0.31%             | 2028-02-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                  | TransDigm, Inc.                                   | CUSIP: 893647BE6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   5657000 | PA      | $5655007.27   | 0.32%             | 2026-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| LPL Holdings, Inc.                               | LPL Holdings, Inc.                                | CUSIP: 50212YAD6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   4943000 | PA      | $4423985.00   | 0.25%             | 2029-03-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| GrafTech Finance, Inc.                           | GrafTech Finance, Inc.                            | CUSIP: 384311AA4<br>LEI: 1Z010BU876CF2HDBIN43 | Long             | DBT              | CORP              | US        |   7423000 | PA      | $6326458.85   | 0.36%             | 2028-12-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| B&G Foods, Inc.                                  | B&G Foods, Inc.                                   | CUSIP: 05508WAB1<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |   1545000 | PA      | $1249518.75   | 0.07%             | 2027-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Scientific Games Holdings LP                     | Scientific Games Holdings LP                      | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5215000 | PA      | $4645391.63   | 0.27%             | 2030-03-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Sands China Ltd.                                 | Sands China Ltd.                                  | CUSIP: 80007RAK1<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |   5070000 | PA      | $4809137.85   | 0.28%             | 2026-01-08      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Community Health Systems, Inc.                   | Community Health Systems, Inc.                    | CUSIP: 12543DBL3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   9330000 | PA      | $5608616.98   | 0.32%             | 2030-04-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Genesis Energy LP                                | Genesis Energy LP                                 | CUSIP: 37185LAM4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2059000 | PA      | $2032644.80   | 0.12%             | 2027-01-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Element Solutions, Inc.                          | Element Solutions, Inc.                           | CUSIP: 28618MAA4<br>LEI: 549300FLGN6P5CU20J91 | Long             | DBT              | CORP              | US        |   8168000 | PA      | $7228680.00   | 0.41%             | 2028-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                     | Royal Caribbean Cruises Ltd.                      | CUSIP: 780153BK7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   3985000 | PA      | $3466479.77   | 0.20%             | 2027-07-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| CommScope Technologies LLC                       | CommScope Technologies LLC                        | CUSIP: 20338HAB9<br>LEI: M4TWC4QDOKW45N7T6Y12 | Long             | DBT              | CORP              | US        |   8241000 | PA      | $6291818.08   | 0.36%             | 2027-03-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| EQM Midstream Partners LP                        | EQM Midstream Partners LP                         | CUSIP: 26885BAC4<br>LEI: 549300NELT611CL6XM83 | Long             | DBT              | CORP              | US        |  14601000 | PA      | $13469422.50  | 0.77%             | 2028-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Albion Financing 1 SARL                          | Albion Financing 1 SARL                           | CUSIP: 013304AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   2500000 | PA      | $2243065.85   | 0.13%             | 2026-10-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Kinetik Holdings LP                              | Kinetik Holdings LP                               | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |  10242000 | PA      | $9729900.00   | 0.56%             | 2030-06-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Global Aircraft Leasing Co. Ltd.                 | Global Aircraft Leasing Co. Ltd.                  | CUSIP: 37960JAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |  13389310 | PA      | $12218867.13  | 0.70%             | 2024-09-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Legacy LifePoint Health LLC                      | Legacy LifePoint Health LLC                       | CUSIP: 53219LAS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2310000 | PA      | $2021250.00   | 0.12%             | 2027-02-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Lamb Weston Holdings, Inc.                       | Lamb Weston Holdings, Inc.                        | CUSIP: 513272AD6<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |   6995000 | PA      | $6304243.75   | 0.36%             | 2030-01-31      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Novelis Corp.                                    | Novelis Corp.                                     | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   6555000 | PA      | $5932275.00   | 0.34%             | 2030-01-30      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Univar Solutions USA, Inc.                       | Univar Solutions USA, Inc.                        | CUSIP: 91337CAA4<br>LEI: 5493008FTB9VZW6CVA82 | Long             | DBT              | CORP              | US        |   3100000 | PA      | $2997478.82   | 0.17%             | 2027-12-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Petra Diamonds US Treasury plc                   | Petra Diamonds US Treasury plc                    | CUSIP: N/A<br>LEI: 635400LZYOO6WHAO2H58       | Long             | DBT              | CORP              | GB        |   3048871 | PA      | $2957404.41   | 0.17%             | 2026-03-08      | Fixed         | 10.03%                | Yes           |                  2 | On Loan: No      |
| Victoria's Secret & Co.                          | Victoria's Secret & Co.                           | CUSIP: 926400AA0<br>LEI: 5493006T3O70U3UWVF17 | Long             | DBT              | CORP              | US        |   6489000 | PA      | $5390671.86   | 0.31%             | 2029-07-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Jazz Securities DAC                              | Jazz Securities DAC                               | CUSIP: 47216FAA5<br>LEI: 6354009DV8VV7K6KOO02 | Long             | DBT              | CORP              | IE        |  10475000 | PA      | $9556761.50   | 0.55%             | 2029-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| LPL Holdings, Inc.                               | LPL Holdings, Inc.                                | CUSIP: 50212YAC8<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   7610000 | PA      | $7241980.40   | 0.41%             | 2027-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| PetSmart, Inc.                                   | PetSmart, Inc.                                    | CUSIP: 71677KAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5270000 | PA      | $5179043.65   | 0.30%             | 2029-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| GFL Environmental, Inc.                          | GFL Environmental, Inc.                           | CUSIP: 36168QAP9<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |   2355000 | PA      | $2088461.10   | 0.12%             | 2029-08-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Terex Corp.                                      | Terex Corp.                                       | CUSIP: 880779BA0<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |   8100000 | PA      | $7563375.00   | 0.43%             | 2029-05-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Synaptics, Inc.                                  | Synaptics, Inc.                                   | CUSIP: 87157DAG4<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | DBT              | CORP              | US        |   6420000 | PA      | $5559168.84   | 0.32%             | 2029-06-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Sprint Capital Corp.                             | Sprint Capital Corp.                              | CUSIP: 852060AD4<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |   9530000 | PA      | $10195545.75  | 0.58%             | 2028-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CWCapital COBALT II LLC                          | CWCapital COBALT II LLC, Series 2006-2A, Class F  | CUSIP: 12668CAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    805296 | PA      | $80.53        | 0.00%             | 2050-04-26      | Floating      | 2.29%                 | Yes           |                  2 | On Loan: No      |
| Primo Water Holdings, Inc.                       | Primo Water Holdings, Inc.                        | CUSIP: 74168LAA4<br>LEI: 9845008F9A5F2E1D4832 | Long             | DBT              | CORP              | US        |   8278000 | PA      | $7220402.72   | 0.41%             | 2029-04-30      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Encompass Health Corp.                           | Encompass Health Corp.                            | CUSIP: 29261AAE0<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |   1030000 | PA      | $906601.11    | 0.05%             | 2031-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| LSF11 A5 HoldCo LLC                              | LSF11 A5 HoldCo LLC                               | CUSIP: 50221DAA7<br>LEI: 254900FPK7P5WNA66Y10 | Long             | DBT              | CORP              | US        |   5964000 | PA      | $4894029.89   | 0.28%             | 2029-10-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Crown Americas LLC                               | Crown Americas LLC                                | CUSIP: 228180AB1<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |   4915000 | PA      | $4730687.50   | 0.27%             | 2030-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DT Midstream, Inc.                               | DT Midstream, Inc.                                | CUSIP: 23345MAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7956000 | PA      | $6959288.23   | 0.40%             | 2031-06-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Iron Mountain, Inc.                              | Iron Mountain, Inc.                               | CUSIP: 46284VAE1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   3830000 | PA      | $3641947.00   | 0.21%             | 2028-03-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Clearway Energy Operating LLC                    | Clearway Energy Operating LLC                     | CUSIP: 18539UAC9<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |   3720000 | PA      | $3508704.00   | 0.20%             | 2028-03-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Fair Isaac Corp.                                 | Fair Isaac Corp.                                  | CUSIP: 303250AE4<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |  11255000 | PA      | $11173401.25  | 0.64%             | 2026-05-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| SWF Escrow Issuer Corp.                          | SWF Escrow Issuer Corp.                           | CUSIP: 78500AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4755000 | PA      | $3126032.10   | 0.18%             | 2029-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| LTRI Holdings LP                                 | LTRI Holdings LP                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      3250 | NS      | $1088880.00   | 0.06%             |  |  |  | No            |                  3 | On Loan: No      |
| Iron Mountain, Inc.                              | Iron Mountain, Inc.                               | CUSIP: 46284VAC5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   4410000 | PA      | $4152191.40   | 0.24%             | 2027-09-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Calcasieu Pass LLC                | Venture Global Calcasieu Pass LLC                 | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |   5370000 | PA      | $4760827.20   | 0.27%             | 2031-08-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Sirius XM Radio, Inc.                            | Sirius XM Radio, Inc.                             | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   5041000 | PA      | $4486994.10   | 0.26%             | 2028-07-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Genesis Energy LP                                | Genesis Energy LP                                 | CUSIP: 37185LAN2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5152000 | PA      | $5235720.00   | 0.30%             | 2030-04-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                      | Caesars Entertainment, Inc.                       | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   3740000 | PA      | $3197700.00   | 0.18%             | 2029-10-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Dana, Inc.                                       | Dana, Inc.                                        | CUSIP: 235825AF3<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |   4884000 | PA      | $4640850.21   | 0.27%             | 2027-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                           | Tenet Healthcare Corp.                            | CUSIP: 88033GDR8<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1993000 | PA      | $1771637.49   | 0.10%             | 2030-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ARD Finance SA                                   | ARD Finance SA                                    | CUSIP: 00191AAD8<br>LEI: 6354006P6QPGGPVJW880 | Long             | DBT              | CORP              | LU        |   4172419 | PA      | $3273012.36   | 0.19%             | 2027-06-30      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Advantage Sales & Marketing, Inc.                | Advantage Sales & Marketing, Inc.                 | CUSIP: 00775PAA5<br>LEI: 549300T4O24KQDED1182 | Long             | DBT              | CORP              | US        |   5148000 | PA      | $3912480.00   | 0.22%             | 2028-11-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corp.                                   | Carnival Corp.                                    | CUSIP: 143658BL5<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   7150000 | PA      | $6506500.00   | 0.37%             | 2026-03-01      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Standard Industries, Inc.                        | Standard Industries, Inc.                         | CUSIP: N/A<br>LEI: 54930064UHXCIUWVI755       | Long             | DBT              | CORP              | US        |   1545000 | PA      | $1451466.75   | 0.08%             | 2026-11-21      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Mattamy Group Corp.                              | Mattamy Group Corp.                               | CUSIP: 57701RAJ1<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |   2630000 | PA      | $2406450.00   | 0.14%             | 2027-12-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Tallgrass Energy Partners LP                     | Tallgrass Energy Partners LP                      | CUSIP: 87470LAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8990000 | PA      | $8278756.15   | 0.47%             | 2028-01-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Calpine Corp.                                    | Calpine Corp.                                     | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   7739000 | PA      | $7141241.19   | 0.41%             | 2028-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Performance Food Group, Inc.                     | Performance Food Group, Inc.                      | CUSIP: 69346VAA7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   7700000 | PA      | $7411212.81   | 0.42%             | 2027-10-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC                                 | CCO Holdings LLC                                  | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4885000 | PA      | $3808101.75   | 0.22%             | 2034-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| IQVIA, Inc.                                      | IQVIA, Inc.                                       | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   9830000 | PA      | $9539128.33   | 0.55%             | 2027-05-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| TriMas Corp.                                     | TriMas Corp.                                      | CUSIP: 896215AH3<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | DBT              | CORP              | US        |  12534000 | PA      | $11158393.50  | 0.64%             | 2029-04-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Mattel, Inc.                                     | Mattel, Inc.                                      | CUSIP: 577081AU6<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1039920.00   | 0.06%             | 2040-10-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Mattel, Inc.                                     | Mattel, Inc.                                      | CUSIP: 577081BD3<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |   2240000 | PA      | $2234400.00   | 0.13%             | 2027-12-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC                | Alliant Holdings Intermediate LLC                 | CUSIP: 01883LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $65341.50     | 0.00%             | 2029-11-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Realogy Group LLC                                | Realogy Group LLC                                 | CUSIP: 75606DAQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4445000 | PA      | $3333750.00   | 0.19%             | 2030-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Avantor Funding, Inc.                            | Avantor Funding, Inc.                             | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |   8644000 | PA      | $8147747.96   | 0.47%             | 2028-07-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Ziggo Bond Co. BV                                | Ziggo Bond Co. BV                                 | CUSIP: 98953GAD7<br>LEI: 213800JYI4P7V5QDOG59 | Long             | DBT              | CORP              | NL        |  11365000 | PA      | $9393172.50   | 0.54%             | 2030-02-28      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| B&G Foods, Inc.                                  | B&G Foods, Inc.                                   | CUSIP: 05508RAE6<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |   4115000 | PA      | $3750205.25   | 0.21%             | 2025-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FMG Resources August 2006 Pty. Ltd.              | FMG Resources August 2006 Pty. Ltd.               | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |  11045000 | PA      | $9719600.00   | 0.56%             | 2031-04-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Williams Scotsman International, Inc.            | Williams Scotsman International, Inc.             | CUSIP: 96950GAE2<br>LEI: 549300V3TCHCBOBTGH07 | Long             | DBT              | CORP              | US        |   7678000 | PA      | $7114089.29   | 0.41%             | 2028-08-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Bausch Health Cos., Inc.                         | Bausch Health Cos., Inc.                          | CUSIP: 071734AR8<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    799000 | PA      | $498751.34    | 0.03%             | 2030-10-15      | Fixed         | 14.00%                | Yes           |                  2 | On Loan: No      |
| Marriott Ownership Resorts, Inc.                 | Marriott Ownership Resorts, Inc.                  | CUSIP: 57164PAH9<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |   3245000 | PA      | $2824802.32   | 0.16%             | 2029-06-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                              | Forward Foreign Currency Contract                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-54035.30    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| F-Brasile SpA                                    | F-Brasile SpA, Series XR                          | CUSIP: 30191BAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | IT        |   5985000 | PA      | $4903989.30   | 0.28%             | 2026-08-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| AG TTMT Escrow Issuer LLC                        | AG TTMT Escrow Issuer LLC                         | CUSIP: 00840KAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6699000 | PA      | $6911827.23   | 0.40%             | 2027-09-30      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| VICI Properties LP                               | VICI Properties LP                                | CUSIP: 92564RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7460000 | PA      | $7040382.91   | 0.40%             | 2026-12-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Syneos Health, Inc.                              | Syneos Health, Inc.                               | CUSIP: 87166BAA0<br>LEI: 549300F1ZGKDS8P6GU13 | Long             | DBT              | CORP              | US        |   9932000 | PA      | $8032505.00   | 0.46%             | 2029-01-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Hilton Domestic Operating Co., Inc.              | Hilton Domestic Operating Co., Inc.               | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   7185000 | PA      | $6033603.75   | 0.35%             | 2032-02-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                      | Toronto-Dominion Bank (The)                       | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   4560000 | PA      | $4839300.00   | 0.28%             | 2082-10-31      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                      | Caesars Entertainment, Inc.                       | CUSIP: 28470RAK8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   6141000 | PA      | $6233115.00   | 0.36%             | 2027-07-01      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Entegris, Inc.                                   | Entegris, Inc.                                    | CUSIP: 29362UAD6<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |   3723000 | PA      | $3175044.95   | 0.18%             | 2029-05-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Summer BC Holdco A SARL                          | Summer BC Holdco A SARL                           | CUSIP: N/A<br>LEI: 984500EFA0BRE0008996       | Long             | DBT              | CORP              | LU        |   1707495 | PA      | $1505740.11   | 0.09%             | 2027-10-31      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Interface, Inc.                                  | Interface, Inc.                                   | CUSIP: 458665AS5<br>LEI: 549300VXZWQOIDFPU355 | Long             | DBT              | CORP              | US        |   8680000 | PA      | $7292502.00   | 0.42%             | 2028-12-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                  | TransDigm, Inc.                                   | CUSIP: 893647BL0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4774879.20   | 0.27%             | 2027-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ICA Tenedora SA de CV                            | ICA Tenedora SA de CV                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    347563 | NS      | $313776.64    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| International Game Technology plc                | International Game Technology plc                 | CUSIP: 460599AF0<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   8715000 | PA      | $8257664.86   | 0.47%             | 2026-04-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| White Cap Buyer LLC                              | White Cap Buyer LLC                               | CUSIP: 96350RAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5495000 | PA      | $5001677.25   | 0.29%             | 2028-10-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Sensata Technologies, Inc.                       | Sensata Technologies, Inc.                        | CUSIP: 81728UAA2<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |   3755000 | PA      | $3399251.30   | 0.19%             | 2030-02-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| MIWD Holdco II LLC                               | MIWD Holdco II LLC                                | CUSIP: 55337PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4360000 | PA      | $3625209.20   | 0.21%             | 2030-02-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| iShares iBoxx High Yield Corporate Bond ETF      | iShares iBoxx High Yield Corporate Bond ETF       | CUSIP: 464288513<br>LEI: N/A                  | Long             |  | RF                | US        |    223400 | NS      | $17052122.00  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Gray Escrow II, Inc.                             | Gray Escrow II, Inc.                              | CUSIP: 389286AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11330000 | PA      | $8713053.25   | 0.50%             | 2031-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Boyd Gaming Corp.                                | Boyd Gaming Corp.                                 | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |   2410000 | PA      | $2168542.10   | 0.12%             | 2031-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Canpack SA                                       | Canpack SA                                        | CUSIP: 13806CAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9554000 | PA      | $7933546.06   | 0.45%             | 2029-11-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| GFL Environmental, Inc.                          | GFL Environmental, Inc.                           | CUSIP: 36168QAL8<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |   6080000 | PA      | $5397520.00   | 0.31%             | 2028-08-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings, Inc.                              | Post Holdings, Inc.                               | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   8955000 | PA      | $7880400.00   | 0.45%             | 2030-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Clarivate Science Holdings Corp.                 | Clarivate Science Holdings Corp.                  | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5685000 | PA      | $5002373.63   | 0.29%             | 2029-07-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| CWCapital COBALT II LLC                          | CWCapital COBALT II LLC, Series 2006-2A, Class G  | CUSIP: 12668CAH4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2561411 | PA      | $256.14       | 0.00%             | 2050-04-26      | Floating      | 2.49%                 | Yes           |                  2 | On Loan: No      |
| Empire Communities Corp.                         | Empire Communities Corp.                          | CUSIP: 29163VAC7<br>LEI: 549300JM1L6KK2QFP273 | Long             | DBT              | CORP              | CA        |   4930000 | PA      | $4461650.00   | 0.26%             | 2025-12-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| SS&C Technologies, Inc.                          | SS&C Technologies, Inc.                           | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |   9980000 | PA      | $9598207.12   | 0.55%             | 2027-09-30      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Foundation Building Materials, Inc.              | Foundation Building Materials, Inc.               | CUSIP: 350392AA4<br>LEI: 549300ZVE6MONHB01I28 | Long             | DBT              | CORP              | US        |   5191000 | PA      | $4175432.76   | 0.24%             | 2029-03-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| SM Energy Co.                                    | SM Energy Co.                                     | CUSIP: 78454LAW0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   5150000 | PA      | $4898780.63   | 0.28%             | 2028-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Sirius XM Radio, Inc.                            | Sirius XM Radio, Inc.                             | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   7920000 | PA      | $6529089.60   | 0.37%             | 2031-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Hilton Domestic Operating Co., Inc.              | Hilton Domestic Operating Co., Inc.               | CUSIP: 432833AJ0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   8741000 | PA      | $7762969.51   | 0.44%             | 2029-05-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Credit Acceptance Corp.                          | Credit Acceptance Corp.                           | CUSIP: 225310AN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5825000 | PA      | $5439843.43   | 0.31%             | 2024-12-31      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Encompass Health Corp.                           | Encompass Health Corp.                            | CUSIP: 421924BT7<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |   2365000 | PA      | $2347270.54   | 0.13%             | 2025-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Rocket Mortgage LLC                              | Rocket Mortgage LLC                               | CUSIP: 74841CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8317000 | PA      | $7016969.73   | 0.40%             | 2029-03-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Axalta Coating Systems LLC                       | Axalta Coating Systems LLC                        | CUSIP: 05454NAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5414000 | PA      | $5116230.00   | 0.29%             | 2027-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Scripps Escrow, Inc.                             | Scripps Escrow, Inc.                              | CUSIP: 81104PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5541000 | PA      | $4945342.50   | 0.28%             | 2027-07-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Albion Financing 2SARL                           | Albion Financing 2SARL                            | CUSIP: 013305AA5<br>LEI: 2594009X2UW7EQPIKY23 | Long             | DBT              | CORP              | LU        |   3435000 | PA      | $2911162.50   | 0.17%             | 2027-04-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Bath & Body Works, Inc.                          | Bath & Body Works, Inc.                           | CUSIP: 501797AN4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |  12665000 | PA      | $11954629.78  | 0.68%             | 2028-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ardagh Metal Packaging Finance USA LLC           | Ardagh Metal Packaging Finance USA LLC            | CUSIP: 03969YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6424000 | PA      | $5311748.64   | 0.30%             | 2029-09-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Intelsat Jackson Holdings SA                     | Intelsat Jackson Holdings SA                      | CUSIP: N/A<br>LEI: 8XJ8KF85PBKK1TLMFN29       | N/A              | DE               |  | LU        |      6194 | NS      | $35615.50     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| XHR LP                                           | XHR LP                                            | CUSIP: 98372MAC9<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              | CORP              | US        |   6690000 | PA      | $5937375.00   | 0.34%             | 2029-06-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Kaiser Aluminum Corp.                            | Kaiser Aluminum Corp.                             | CUSIP: 483007AJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8333000 | PA      | $7608029.00   | 0.44%             | 2028-03-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| CNX Resources Corp.                              | CNX Resources Corp.                               | CUSIP: 12653CAJ7<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |   5189000 | PA      | $4763382.76   | 0.27%             | 2029-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Moss Creek Resources Holdings, Inc.              | Moss Creek Resources Holdings, Inc.               | CUSIP: 61965RAA3<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |   4015000 | PA      | $3707451.00   | 0.21%             | 2026-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                  | TransDigm, Inc.                                   | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   5036000 | PA      | $4543277.76   | 0.26%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Operating Partners LP             | NextEra Energy Operating Partners LP              | CUSIP: 65342QAC6<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    728000 | PA      | $678860.00    | 0.04%             | 2024-09-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Avation Capital SA                               | Avation Capital SA                                | CUSIP: 05351CAA5<br>LEI: 54930056OEYSV06OMD90 | Long             | DBT              | CORP              | LU        |   3677658 | PA      | $3144397.59   | 0.18%             | 2026-10-31      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Verscend Escrow Corp.                            | Verscend Escrow Corp.                             | CUSIP: 92535WAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7214000 | PA      | $7239086.69   | 0.41%             | 2026-08-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| ANGI Group LLC                                   | ANGI Group LLC                                    | CUSIP: 001846AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7467000 | PA      | $5723679.51   | 0.33%             | 2028-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| CSC Holdings LLC                                 | CSC Holdings LLC                                  | CUSIP: 126307AS6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   4940000 | PA      | $4168125.00   | 0.24%             | 2028-02-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Griffon Corp.                                    | Griffon Corp.                                     | CUSIP: 398433AP7<br>LEI: 5493000C2SGNC7ZN3242 | Long             | DBT              | CORP              | US        |   6524000 | PA      | $6174444.08   | 0.35%             | 2028-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SBA Communications Corp.                         | SBA Communications Corp.                          | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |   9720000 | PA      | $8234613.90   | 0.47%             | 2029-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Trivium Packaging Finance BV                     | Trivium Packaging Finance BV                      | CUSIP: 89686QAB2<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |   4925000 | PA      | $4736569.50   | 0.27%             | 2027-08-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| iHeartCommunications, Inc.                       | iHeartCommunications, Inc.                        | CUSIP: 45174HBD8<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |   6882000 | PA      | $6167992.50   | 0.35%             | 2027-05-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| DT Midstream, Inc.                               | DT Midstream, Inc.                                | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5411000 | PA      | $4748152.50   | 0.27%             | 2029-06-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Antero Resources Corp.                           | Antero Resources Corp.                            | CUSIP: 03674XAQ9<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |   4440000 | PA      | $4540345.07   | 0.26%             | 2029-02-01      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| IAMGOLD Corp.                                    | IAMGOLD Corp.                                     | CUSIP: 450913AF5<br>LEI: 254900E7II30XAB9LA72 | Long             | DBT              | CORP              | CA        |   6435000 | PA      | $5085580.50   | 0.29%             | 2028-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Cheniere Energy Partners LP                      | Cheniere Energy Partners LP                       | CUSIP: 16411QAG6<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |   4516000 | PA      | $4236549.92   | 0.24%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Weekley Homes LLC                                | Weekley Homes LLC                                 | CUSIP: 948565AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4787000 | PA      | $4165886.75   | 0.24%             | 2028-09-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Organon & Co.                                    | Organon & Co.                                     | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7657000 | PA      | $6925373.65   | 0.40%             | 2028-04-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Michaels Cos., Inc. (The)                        | Michaels Cos., Inc. (The)                         | CUSIP: 55916AAA2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3002076.00   | 0.17%             | 2028-05-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC                                 | CCO Holdings LLC                                  | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7620000 | PA      | $6510985.20   | 0.37%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Bombardier, Inc.                                 | Bombardier, Inc.                                  | CUSIP: 097751BV2<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   3609000 | PA      | $3600374.49   | 0.21%             | 2026-06-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| LCPR Senior Secured Financing DAC                | LCPR Senior Secured Financing DAC                 | CUSIP: 50201DAD5<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | IE        |   1905000 | PA      | $1676400.00   | 0.10%             | 2029-07-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| SRS Distribution, Inc.                           | SRS Distribution, Inc.                            | CUSIP: 78471RAC0<br>LEI: 549300ZQ3XP75BCYM468 | Long             | DBT              | CORP              | US        |   6020000 | PA      | $5176658.20   | 0.30%             | 2029-07-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Entegris, Inc.                                   | Entegris, Inc.                                    | CUSIP: 29362UAC8<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |   2590000 | PA      | $2343950.00   | 0.13%             | 2028-04-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Terraform Global Operating LP                    | Terraform Global Operating LP                     | CUSIP: 88104UAC7<br>LEI: 549300LC7QMVR79H5O86 | Long             | DBT              | CORP              | US        |   5065000 | PA      | $4799087.50   | 0.27%             | 2026-03-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Permian Resources Operating LLC                  | Permian Resources Operating LLC                   | CUSIP: 19416MAA7<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    985000 | PA      | $984409.00    | 0.06%             | 2026-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Wyndham Hotels & Resorts, Inc.                   | Wyndham Hotels & Resorts, Inc.                    | CUSIP: 98311AAB1<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |   7258000 | PA      | $6694094.12   | 0.38%             | 2028-08-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| N/A                                              | U.S. Treasury Ultra Bond                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        15 | NC      | $91000.30     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp.                             | Meritage Homes Corp.                              | CUSIP: 59001ABD3<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |   5410000 | PA      | $4794612.50   | 0.27%             | 2029-04-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC                                 | CCO Holdings LLC                                  | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4015000 | PA      | $3826495.75   | 0.22%             | 2027-05-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Sensata Technologies BV                          | Sensata Technologies BV                           | CUSIP: 81725WAH6<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |   2240000 | PA      | $2240517.15   | 0.13%             | 2024-11-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| AssuredPartners, Inc.                            | AssuredPartners, Inc.                             | CUSIP: 04624VAB5<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | DBT              | CORP              | US        |   5395000 | PA      | $4614775.10   | 0.26%             | 2029-01-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Neptune Bidco US, Inc.                           | Neptune Bidco US, Inc.                            | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |   4114000 | PA      | $3998931.42   | 0.23%             | 2029-04-15      | Fixed         | 9.29%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corp.                                   | Carnival Corp.                                    | CUSIP: 143658BN1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   3705000 | PA      | $3075150.00   | 0.18%             | 2027-03-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| HealthEquity, Inc.                               | HealthEquity, Inc.                                | CUSIP: 42226AAA5<br>LEI: 529900LRJU1RAFQHM467 | Long             | DBT              | CORP              | US        |   5570000 | PA      | $4986821.00   | 0.29%             | 2029-10-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Camelot Finance SA                               | Camelot Finance SA                                | CUSIP: 13323AAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   3715000 | PA      | $3533447.95   | 0.20%             | 2026-11-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Comstock Resources, Inc.                         | Comstock Resources, Inc.                          | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   7880000 | PA      | $7269300.00   | 0.42%             | 2029-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Gates Global LLC                                 | Gates Global LLC                                  | CUSIP: 36740LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7150000 | PA      | $7041588.13   | 0.40%             | 2026-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Chart Industries, Inc.                           | Chart Industries, Inc.                            | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |   2571000 | PA      | $2682812.79   | 0.15%             | 2031-01-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Sensata Technologies BV                          | Sensata Technologies BV                           | CUSIP: 81725WAJ2<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |   8590000 | PA      | $8495467.05   | 0.49%             | 2025-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| GYP Holdings III Corp.                           | GYP Holdings III Corp.                            | CUSIP: 36261NAA5<br>LEI: 549300055I1KJWZH9690 | Long             | DBT              | CORP              | US        |   8540000 | PA      | $7200715.70   | 0.41%             | 2029-05-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Kaiser Aluminum Corp.                            | Kaiser Aluminum Corp.                             | CUSIP: 483007AL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2876000 | PA      | $2431974.36   | 0.14%             | 2031-06-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Novelis Corp.                                    | Novelis Corp.                                     | CUSIP: 670001AG1<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   4050000 | PA      | $3666546.00   | 0.21%             | 2026-11-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Calcasieu Pass LLC                | Venture Global Calcasieu Pass LLC                 | CUSIP: 92328MAE3<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |   1603000 | PA      | $1633104.34   | 0.09%             | 2030-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Life Time, Inc.                                  | Life Time, Inc.                                   | CUSIP: 53190FAC9<br>LEI: 549300PALKE96VYH4X17 | Long             | DBT              | CORP              | US        |   1505000 | PA      | $1461708.68   | 0.08%             | 2026-04-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Intelsat Jackson Holdings SA                     | Intelsat Jackson Holdings SA                      | CUSIP: N/A<br>LEI: 8XJ8KF85PBKK1TLMFN29       | N/A              | DE               |  | LU        |      6194 | NS      | $23227.50     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Realogy Group LLC                                | Realogy Group LLC                                 | CUSIP: 75606DAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4355000 | PA      | $3386186.70   | 0.19%             | 2029-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| N/A                                              | U.S. Treasury Long Bond                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        85 | NC      | $285232.37    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Industries, Inc.                        | Standard Industries, Inc.                         | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   1385000 | PA      | $1099991.65   | 0.06%             | 2031-01-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Solaris Midstream Holdings LLC                   | Solaris Midstream Holdings LLC                    | CUSIP: 83419MAA0<br>LEI: 5493007AWQW8ZKCHVV46 | Long             | DBT              | CORP              | US        |   4498000 | PA      | $4498000.00   | 0.26%             | 2026-04-01      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings, Inc.                              | Post Holdings, Inc.                               | CUSIP: 737446AN4<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   5488000 | PA      | $5282200.00   | 0.30%             | 2028-01-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Baffinland Iron Mines Corp.                      | Baffinland Iron Mines Corp.                       | CUSIP: 056623AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   6993000 | PA      | $6790991.88   | 0.39%             | 2026-07-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Crown Americas LLC                               | Crown Americas LLC                                | CUSIP: 22819KAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8695000 | PA      | $8309397.97   | 0.48%             | 2026-09-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Ardagh Metal Packaging Finance USA LLC           | Ardagh Metal Packaging Finance USA LLC            | CUSIP: 03969YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3715000 | PA      | $3260023.95   | 0.19%             | 2028-09-01      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Videotron Ltd.                                   | Videotron Ltd.                                    | CUSIP: 92660FAK0<br>LEI: 549300LW4GNJRBECSD81 | Long             | DBT              | CORP              | CA        |   4126000 | PA      | $3960629.92   | 0.23%             | 2027-04-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                      | Allied Universal Holdco LLC                       | CUSIP: 019576AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2166187.50   | 0.12%             | 2026-07-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| TerraForm Power Operating LLC                    | TerraForm Power Operating LLC                     | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |   3240000 | PA      | $2915943.30   | 0.17%             | 2030-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Clearway Energy Operating LLC                    | Clearway Energy Operating LLC                     | CUSIP: 18539UAD7<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |  12778000 | PA      | $10795237.74  | 0.62%             | 2031-02-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| ERO Copper Corp.                                 | ERO Copper Corp.                                  | CUSIP: 296006AA7<br>LEI: 549300KL8A21SEIO8I47 | Long             | DBT              | CORP              | CA        |   4247000 | PA      | $3617011.15   | 0.21%             | 2030-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                           | Tenet Healthcare Corp.                            | CUSIP: 88033GDP2<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   3105000 | PA      | $3014054.55   | 0.17%             | 2030-06-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Sands China Ltd.                                 | Sands China Ltd.                                  | CUSIP: 80007RAL9<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |   4460000 | PA      | $4063106.83   | 0.23%             | 2030-06-18      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Virgin Media Vendor Financing Notes IV DAC       | Virgin Media Vendor Financing Notes IV DAC        | CUSIP: 92770QAA5<br>LEI: 635400ZZNJSEA4CAJR23 | Long             | DBT              | CORP              | IE        |  10580000 | PA      | $9602408.00   | 0.55%             | 2028-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Telenet Finance Luxembourg Notes SARL            | Telenet Finance Luxembourg Notes SARL             | CUSIP: N/A<br>LEI: 2138007RI9GLJPCC3E25       | Long             | DBT              | CORP              | LU        |  11000000 | PA      | $10219000.00  | 0.59%             | 2028-03-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| EQM Midstream Partners LP                        | EQM Midstream Partners LP                         | CUSIP: 26885BAK6<br>LEI: 549300NELT611CL6XM83 | Long             | DBT              | CORP              | US        |   3090000 | PA      | $2710115.40   | 0.16%             | 2029-01-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| American Builders & Contractors Supply Co., Inc. | American Builders & Contractors Supply Co., Inc.  | CUSIP: 024747AF4<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |  11605000 | PA      | $10572967.35  | 0.61%             | 2028-01-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| International Game Technology plc                | International Game Technology plc                 | CUSIP: 460599AD5<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   1885000 | PA      | $1885000.00   | 0.11%             | 2027-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TerraForm Power Operating LLC                    | TerraForm Power Operating LLC                     | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |   9450000 | PA      | $8876597.63   | 0.51%             | 2028-01-31      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| DISH DBS Corp.                                   | DISH DBS Corp.                                    | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3990000 | PA      | $2537201.10   | 0.15%             | 2029-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Permian Resources Operating LLC                  | Permian Resources Operating LLC                   | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |   5553000 | PA      | $5204840.78   | 0.30%             | 2029-07-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| IQVIA, Inc.                                      | IQVIA, Inc.                                       | CUSIP: 449934AD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   3027000 | PA      | $2951325.00   | 0.17%             | 2026-10-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Virgin Media Finance plc                         | Virgin Media Finance plc                          | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |   8020000 | PA      | $6731907.80   | 0.39%             | 2030-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| WMG Acquisition Corp.                            | WMG Acquisition Corp.                             | CUSIP: 92933BAQ7<br>LEI: 549300NAS11NXI33CP80 | Long             | DBT              | CORP              | US        |   6953000 | PA      | $6129069.50   | 0.35%             | 2030-07-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Dun & Bradstreet Corp. (The)                     | Dun & Bradstreet Corp. (The)                      | CUSIP: 26483EAL4<br>LEI: RI37BMPWE56BCJ747E14 | Long             | DBT              | CORP              | US        |   6220000 | PA      | $5507815.04   | 0.32%             | 2029-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| PBF Holding Co. LLC                              | PBF Holding Co. LLC                               | CUSIP: 69318FAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3605000 | PA      | $3398938.20   | 0.19%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Newell Brands, Inc.                              | Newell Brands, Inc.                               | CUSIP: 651229BD7<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   4110000 | PA      | $4154788.03   | 0.24%             | 2029-09-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Sprint LLC                                       | Sprint LLC                                        | CUSIP: 85207UAK1<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |   6295000 | PA      | $6658010.68   | 0.38%             | 2026-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Group 1 Automotive, Inc.                         | Group 1 Automotive, Inc.                          | CUSIP: 398905AN9<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |   6199000 | PA      | $5451772.54   | 0.31%             | 2028-08-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| 180 Medical, Inc.                                | 180 Medical, Inc.                                 | CUSIP: 682357AA6<br>LEI: 254900ZB648OPWVFVX59 | Long             | DBT              | CORP              | US        |   7025000 | PA      | $6225986.69   | 0.36%             | 2029-10-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Taylor Morrison Communities, Inc.                | Taylor Morrison Communities, Inc.                 | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |   7218000 | PA      | $7001568.27   | 0.40%             | 2028-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Madison IAQ LLC                                  | Madison IAQ LLC                                   | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |   7222000 | PA      | $5728779.28   | 0.33%             | 2029-06-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Southwestern Energy Co.                          | Southwestern Energy Co.                           | CUSIP: 845467AS8<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |   4295000 | PA      | $3999718.75   | 0.23%             | 2030-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| EQM Midstream Partners LP                        | EQM Midstream Partners LP                         | CUSIP: 26885BAH3<br>LEI: 549300NELT611CL6XM83 | Long             | DBT              | CORP              | US        |    592000 | PA      | $581349.92    | 0.03%             | 2027-07-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| DaVita, Inc.                                     | DaVita, Inc.                                      | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   7090000 | PA      | $5973325.00   | 0.34%             | 2030-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| NFP Corp.                                        | NFP Corp.                                         | CUSIP: 65342RAD2<br>LEI: VO2L9FZNXDJNQNEYH039 | Long             | DBT              | CORP              | US        |   5708000 | PA      | $4935479.28   | 0.28%             | 2028-08-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Cable One, Inc.                                  | Cable One, Inc.                                   | CUSIP: 12685JAC9<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |   6540000 | PA      | $5392409.20   | 0.31%             | 2030-11-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                     | Royal Caribbean Cruises Ltd.                      | CUSIP: 780153BG6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   6465000 | PA      | $5559900.00   | 0.32%             | 2028-04-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Consolidated Energy Finance SA                   | Consolidated Energy Finance SA                    | CUSIP: 20914UAF3<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |   5144000 | PA      | $4475280.00   | 0.26%             | 2028-10-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| CNX Resources Corp.                              | CNX Resources Corp.                               | CUSIP: 12653CAK4<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |   1518000 | PA      | $1476239.82   | 0.08%             | 2031-01-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| BWX Technologies, Inc.                           | BWX Technologies, Inc.                            | CUSIP: 05605HAC4<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |  10769000 | PA      | $9638570.75   | 0.55%             | 2029-04-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| DISH DBS Corp.                                   | DISH DBS Corp.                                    | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3815000 | PA      | $3098390.40   | 0.18%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NCL Corp. Ltd.                                   | NCL Corp. Ltd.                                    | CUSIP: 62886HBA8<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   4713000 | PA      | $4076650.74   | 0.23%             | 2026-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Spectrum Brands, Inc.                            | Spectrum Brands, Inc.                             | CUSIP: 84762LAX3<br>LEI: 549300VU3EH2E73C1Q04 | Long             | DBT              | CORP              | US        |   4100000 | PA      | $3305543.00   | 0.19%             | 2031-03-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Cellnex Finance Co. SA                           | Cellnex Finance Co. SA                            | CUSIP: 15118JAA3<br>LEI: 549300OUROMFTRFA7T23 | Long             | DBT              | CORP              | ES        |   3200000 | PA      | $2362103.14   | 0.14%             | 2041-07-07      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Penske Automotive Group, Inc.                    | Penske Automotive Group, Inc.                     | CUSIP: 70959WAK9<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | DBT              | CORP              | US        |   7145000 | PA      | $6042034.71   | 0.35%             | 2029-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Moog, Inc.                                       | Moog, Inc.                                        | CUSIP: 615394AM5<br>LEI: 549300WM2I4U7OBAHG07 | Long             | DBT              | CORP              | US        |   8283000 | PA      | $7682482.50   | 0.44%             | 2027-12-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| GFL Environmental, Inc.                          | GFL Environmental, Inc.                           | CUSIP: 36168QAN4<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |   1935000 | PA      | $1746414.90   | 0.10%             | 2029-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Ingevity Corp.                                   | Ingevity Corp.                                    | CUSIP: 45688CAB3<br>LEI: 5493009UTFC4B5IMGF87 | Long             | DBT              | CORP              | US        |   7412000 | PA      | $6496531.58   | 0.37%             | 2028-11-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Fertitta Entertainment LLC                       | Fertitta Entertainment LLC                        | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5675000 | PA      | $4710250.00   | 0.27%             | 2030-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SLM Corp.                                        | SLM Corp.                                         | CUSIP: 78442PGE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3095000 | PA      | $2733504.00   | 0.16%             | 2026-11-02      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Garda World Security Corp.                       | Garda World Security Corp.                        | CUSIP: 36257BAA7<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   4582000 | PA      | $4525130.42   | 0.26%             | 2027-11-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Sirius XM Radio, Inc.                            | Sirius XM Radio, Inc.                             | CUSIP: 82967NBC1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |  11485000 | PA      | $10763167.75  | 0.62%             | 2029-07-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Clarios Global LP                                | Clarios Global LP                                 | CUSIP: 69867DAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7075000 | PA      | $7046784.19   | 0.40%             | 2027-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Aretec Escrow Issuer, Inc.                       | Aretec Escrow Issuer, Inc.                        | CUSIP: 040133AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5690000 | PA      | $5049875.00   | 0.29%             | 2029-04-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| MPT Operating Partnership LP                     | MPT Operating Partnership LP                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   1545000 | PA      | $1250161.09   | 0.07%             | 2026-10-15      | Fixed         | 0.99%                 | No            |                  2 | On Loan: No      |
| Novelis Corp.                                    | Novelis Corp.                                     | CUSIP: 670001AH9<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   2807000 | PA      | $2369108.00   | 0.14%             | 2031-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Merlin Entertainments Ltd.                       | Merlin Entertainments Ltd.                        | CUSIP: 59010QAB2<br>LEI: 549300ZTI0VEFO6WV007 | Long             | DBT              | CORP              | GB        |   3164000 | PA      | $3012458.54   | 0.17%             | 2026-06-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CrownRock LP                                     | CrownRock LP                                      | CUSIP: 228701AG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7105000 | PA      | $6507819.78   | 0.37%             | 2029-05-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Standard Industries, Inc.                        | Standard Industries, Inc.                         | CUSIP: 853496AD9<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   4758000 | PA      | $4458959.70   | 0.26%             | 2028-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Fair Isaac Corp.                                 | Fair Isaac Corp.                                  | CUSIP: 303250AF1<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   1687000 | PA      | $1566387.94   | 0.09%             | 2028-06-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| LPL Holdings, Inc.                               | LPL Holdings, Inc.                                | CUSIP: 50212YAF1<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   3361000 | PA      | $2942925.21   | 0.17%             | 2031-05-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| CSC Holdings LLC                                 | CSC Holdings LLC                                  | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   9270000 | PA      | $5840100.00   | 0.33%             | 2030-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| OneMain Finance Corp.                            | OneMain Finance Corp.                             | CUSIP: 85172FAN9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   5375000 | PA      | $5339820.63   | 0.31%             | 2026-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| TriNet Group, Inc.                               | TriNet Group, Inc.                                | CUSIP: 896288AA5<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |   9255000 | PA      | $7771701.15   | 0.45%             | 2029-03-01      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Mattel, Inc.                                     | Mattel, Inc.                                      | CUSIP: 577081AW2<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |   1890000 | PA      | $1617565.82   | 0.09%             | 2041-11-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Dana, Inc.                                       | Dana, Inc.                                        | CUSIP: 235825AH9<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |   2740000 | PA      | $2318873.29   | 0.13%             | 2030-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC                | Alliant Holdings Intermediate LLC                 | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2590000 | PA      | $2422504.70   | 0.14%             | 2027-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| GTCR AP Finance, Inc.                            | GTCR AP Finance, Inc.                             | CUSIP: 40060QAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1895000 | PA      | $1860719.45   | 0.11%             | 2027-05-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Axalta Coating Systems LLC                       | Axalta Coating Systems LLC                        | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |   9025000 | PA      | $7761500.00   | 0.44%             | 2029-02-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Mattel, Inc.                                     | Mattel, Inc.                                      | CUSIP: 577081BE1<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |   6008000 | PA      | $5602488.72   | 0.32%             | 2026-04-01      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| GFL Environmental, Inc.                          | GFL Environmental, Inc.                           | CUSIP: 36168QAJ3<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |   2160000 | PA      | $2083011.16   | 0.12%             | 2025-06-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Medline Borrower LP                              | Medline Borrower LP                               | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3014226.76   | 0.17%             | 2029-10-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Howard Hughes Corp. (The)                        | Howard Hughes Corp. (The)                         | CUSIP: 44267DAE7<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |   7825000 | PA      | $6757044.00   | 0.39%             | 2029-02-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Coeur Mining, Inc.                               | Coeur Mining, Inc.                                | CUSIP: 192108BC1<br>LEI: 5493003AVK173D48DR70 | Long             | DBT              | CORP              | US        |   7253000 | PA      | $5840142.73   | 0.33%             | 2029-02-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Virtusa Corp.                                    | Virtusa Corp.                                     | CUSIP: 92837TAA0<br>LEI: C77OMXDER63WLJCSKT03 | Long             | DBT              | CORP              | US        |   4720000 | PA      | $3964800.00   | 0.23%             | 2028-12-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Newell Brands, Inc.                              | Newell Brands, Inc.                               | CUSIP: 651229BC9<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   3513000 | PA      | $3531232.47   | 0.20%             | 2027-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Carnival Corp.                                   | Carnival Corp.                                    | CUSIP: 143658BJ0<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   2320000 | PA      | $2383800.00   | 0.14%             | 2027-08-01      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| Prestige Brands, Inc.                            | Prestige Brands, Inc.                             | CUSIP: 74112BAL9<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |   5270000 | PA      | $5034167.50   | 0.29%             | 2028-01-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Organon & Co.                                    | Organon & Co.                                     | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5759000 | PA      | $5199167.61   | 0.30%             | 2031-04-30      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Garden Spinco Corp.                              | Garden Spinco Corp.                               | CUSIP: 365417AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6538000 | PA      | $6995676.48   | 0.40%             | 2030-07-20      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Summer BC Bidco B LLC                            | Summer BC Bidco B LLC                             | CUSIP: 865632AA1<br>LEI: 213800CCW2O2WZ7YV169 | Long             | DBT              | CORP              | US        |   5655000 | PA      | $4647920.79   | 0.27%             | 2026-10-31      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Patrick Industries, Inc.                         | Patrick Industries, Inc.                          | CUSIP: 703343AC7<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |   7320000 | PA      | $7242774.00   | 0.41%             | 2027-10-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                      | Caesars Entertainment, Inc.                       | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   4302000 | PA      | $4377285.00   | 0.25%             | 2030-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                      | Allied Universal Holdco LLC                       | CUSIP: 019576AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3155000 | PA      | $2538513.00   | 0.15%             | 2029-06-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| NextEra Energy Operating Partners LP             | NextEra Energy Operating Partners LP              | CUSIP: 65342QAB8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   4430000 | PA      | $4169604.60   | 0.24%             | 2027-09-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| MPT Operating Partnership LP                     | MPT Operating Partnership LP                      | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6534000 | PA      | $5523418.89   | 0.32%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                 | CSC Holdings LLC                                  | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   5880000 | PA      | $4346907.60   | 0.25%             | 2030-12-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Life Time, Inc.                                  | Life Time, Inc.                                   | CUSIP: 53190FAA3<br>LEI: 549300PALKE96VYH4X17 | Long             | DBT              | CORP              | US        |   5005000 | PA      | $4809905.10   | 0.28%             | 2026-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| New Enterprise Stone & Lime Co., Inc.            | New Enterprise Stone & Lime Co., Inc.             | CUSIP: 644274AG7<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |   5042000 | PA      | $4781253.27   | 0.27%             | 2028-07-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| NCL Corp. Ltd.                                   | NCL Corp. Ltd.                                    | CUSIP: 62886HBE0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   1625000 | PA      | $1510843.75   | 0.09%             | 2027-02-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Match Group Holdings II LLC                      | Match Group Holdings II LLC                       | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |   8030000 | PA      | $7385753.10   | 0.42%             | 2028-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-02

**Name of Applicant:** MFS Series Trust III

**Signature:** Kasey Phillips

**Name of Signer:** Kasey Phillips

**Title:** Assistant Treasurer