# EDGAR Filing Document

**Accession Number:** 0001497778
**File Stem:** 0000940400-26-011433
**Filing Date:** 2026-3
**Character Count:** 165525
**Document Hash:** 2938e3e392361c5742cd59ce9478dd24
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-011433.hdr.sgml**: 20260325

**ACCESSION NUMBER**: 0000940400-26-011433

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260130

**FILED AS OF DATE**: 20260325

**DATE AS OF CHANGE**: 20260325

**PERIOD START**: 20261031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22452
- **FILM NUMBER:** 26792236

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

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

## Series and Classes Contracts Data

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

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

## Nport-Ex

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments** 

**January 31, 2026 (Unaudited)**

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES – 53.9%** | **CORPORATE BONDS AND NOTES – 53.9%** | **CORPORATE BONDS AND NOTES – 53.9%** | **CORPORATE BONDS AND NOTES – 53.9%** | **CORPORATE BONDS AND NOTES – 53.9%** |
|  | **Advertising – 0.6%** |  |  |  |
| $182000 | Clear Channel Outdoor Holdings, Inc. (a) | 7.75<br> % <br>| 04/15/28 | $182162 |
| 141000 | Clear Channel Outdoor Holdings, Inc. (a) | 7.88<br> % <br>| 04/01/30 | 148537 |
| 56000 | Clear Channel Outdoor Holdings, Inc. (a) | 7.13<br> % <br>| 02/15/31 | 58434 |
|  |  |  |  | 389133 |
|  | **Aerospace & Defense – 1.8%** |  |  |  |
| 28000 | Carpenter Technology Corp. (a) | 5.63<br> % <br>| 03/01/34 | 28449 |
| 288000 | TransDigm, Inc. (a) | 6.63<br> % <br>| 03/01/32 | 298144 |
| 83000 | TransDigm, Inc. (a) | 6.00<br> % <br>| 01/15/33 | 84621 |
| 683000 | TransDigm, Inc. (a) | 6.38<br> % <br>| 05/31/33 | 695780 |
|  |  |  |  | 1106994 |
|  | **Alternative Carriers – 0.3%** |  |  |  |
| 148000 | Level 3 Financing, Inc. (a) | 7.00<br> % <br>| 03/31/34 | 153419 |
|  | **Apparel, Accessories & Luxury Goods – 0.1%** |  |  |  |
| 55000 | Under Armour, Inc. (a) | 7.25<br> % <br>| 07/15/30 | 56308 |
|  | **Application Software – 2.9%** |  |  |  |
| 188000 | Cloud Software Group, Inc. (a) | 6.50<br> % <br>| 03/31/29 | 187019 |
| 549000 | Cloud Software Group, Inc. (a) | 9.00<br> % <br>| 09/30/29 | 555012 |
| 267000 | Cloud Software Group, Inc. (a) | 8.25<br> % <br>| 06/30/32 | 271832 |
| 49000 | Cloud Software Group, Inc. (a) | 6.63<br> % <br>| 08/15/33 | 47021 |
| 336000 | Ellucian Holdings, Inc. (a) | 6.50<br> % <br>| 12/01/29 | 331482 |
| 193800 | GoTo Group, Inc. (a) | 5.50<br> % <br>| 05/01/28 | 66377 |
| 306000 | RingCentral, Inc. (a) | 8.50<br> % <br>| 08/15/30 | 321517 |
|  |  |  |  | 1780260 |
|  | **Asset Management & Custody Banks – 0.4%** |  |  |  |
| 146000 | Osaic Holdings, Inc. (a) | 6.75<br> % <br>| 08/01/32 | 151412 |
| 30000 | Osaic Holdings, Inc. (a) | 6.75<br> % <br>| 08/01/32 | 31201 |
| 54000 | Osaic Holdings, Inc. (a) | 8.00<br> % <br>| 08/01/33 | 56001 |
| 12000 | Osaic Holdings, Inc. (a) | 8.00<br> % <br>| 08/01/33 | 12489 |
|  |  |  |  | 251103 |
|  | **Broadcasting – 0.9%** |  |  |  |
| 285000 | Gray Television, Inc. (a) | 4.75<br> % <br>| 10/15/30 | 220230 |
| 169000 | iHeartCommunications, Inc. (a) | 4.75<br> % <br>| 01/15/28 | 153920 |
| 162000 | Sinclair Television Group, Inc. (a) | 8.13<br> % <br>| 02/15/33 | 167664 |
|  |  |  |  | 541814 |
|  | **Building Products – 2.1%** |  |  |  |
| 320000 | Builders FirstSource, Inc. (a) | 6.38<br> % <br>| 03/01/34 | 331497 |
| 61000 | Builders FirstSource, Inc. (a) | 6.75<br> % <br>| 05/15/35 | 64165 |
| 178000 | CP Atlas Buyer, Inc. (a) | 9.75<br> % <br>| 07/15/30 | 185289 |
| 80000 | LBM Acquisition LLC (a) | 9.50<br> % <br>| 06/15/31 | 84349 |
| 321000 | Standard Building Solutions, Inc. (a) | 6.50<br> % <br>| 08/15/32 | 331212 |
| 142000 | Standard Building Solutions, Inc. (a) | 6.25<br> % <br>| 08/01/33 | 145217 |
| 134000 | Standard Building Solutions, Inc. (a) | 5.88<br> % <br>| 03/15/34 | 133958 |
|  |  |  |  | 1275687 |
|  | **Cable & Satellite – 1.9%** |  |  |  |
| 75000 | CCO Holdings, LLC / CCO Holdings Capital Corp. (a) | 7.00<br> % <br>| 02/01/33 | 75779 |
| 678000 | DISH Network Corp. (a) | 11.75<br> % <br>| 11/15/27 | 702047 |
| 326148 | EchoStar Corp. | 10.75<br> % <br>| 11/30/29 | 357708 |
|  |  |  |  | 1135534 |

---

------

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Casinos & Gaming – 0.5%** |  |  |  |
| $50000 | &nbsp;&nbsp; Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., <br> Inc. (a)<br>| 4.63<br> % <br>| 01/15/29 | $48380 |
| 194000 | &nbsp;&nbsp; Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., <br> Inc. (a)<br>| 6.75<br> % <br>| 01/15/30 | 183586 |
| 81000 | &nbsp;&nbsp; Scientific Games Holdings, L.P. / Scientific Games US Finance Co., <br> Inc. (a)<br>| 6.63<br> % <br>| 03/01/30 | 73970 |
|  |  |  |  | 305936 |
|  | **Commercial & Residential Mortgage Finance – 2.2%** |  |  |  |
| 59000 | Freedom Mortgage Holdings LLC (a) | 9.25<br> % <br>| 02/01/29 | 61800 |
| 183000 | Freedom Mortgage Holdings LLC (a) | 9.13<br> % <br>| 05/15/31 | 193709 |
| 108000 | Freedom Mortgage Holdings LLC (a) | 8.38<br> % <br>| 04/01/32 | 113052 |
| 352000 | PennyMac Financial Services, Inc. (a) | 6.75<br> % <br>| 02/15/34 | 355455 |
| 112000 | Rocket Cos, Inc. (a) | 7.13<br> % <br>| 02/01/32 | 117106 |
| 188000 | Rocket Cos, Inc. (a) | 6.38<br> % <br>| 08/01/33 | 195277 |
| 312000 | UWM Holdings LLC (a) | 6.25<br> % <br>| 03/15/31 | 310224 |
|  |  |  |  | 1346623 |
|  | **Commercial Printing – 0.2%** |  |  |  |
| 243000 | LABL, Inc. (a) (b) (c) | 8.63<br> % <br>| 10/01/31 | 111780 |
|  | **Construction & Engineering – 0.4%** |  |  |  |
| 95000 | AECOM (a) | 6.00<br> % <br>| 08/01/33 | 97385 |
| 30000 | Williams Scotsman, Inc. (a) | 6.63<br> % <br>| 04/15/30 | 31104 |
| 83000 | Williams Scotsman, Inc. (a) | 7.38<br> % <br>| 10/01/31 | 86587 |
|  |  |  |  | 215076 |
|  | **Construction Materials – 1.1%** |  |  |  |
| 129000 | JH North America Holdings, Inc. (a) | 6.13<br> % <br>| 07/31/32 | 131533 |
| 288000 | Quikrete Holdings, Inc. (a) | 6.75<br> % <br>| 03/01/33 | 299354 |
| 251000 | Smyrna Ready Mix Concrete LLC (a) | 8.88<br> % <br>| 11/15/31 | 267738 |
|  |  |  |  | 698625 |
|  | **Consumer Finance – 1.0%** |  |  |  |
| 59000 | EZCORP, Inc. (a) | 7.38<br> % <br>| 04/01/32 | 62999 |
| 499000 | FirstCash, Inc. (a) | 6.88<br> % <br>| 03/01/32 | 519335 |
|  |  |  |  | 582334 |
|  | **Data Processing & Outsourced Services – 0.2%** |  |  |  |
| 80000 | Block, Inc. (a) | 5.63<br> % <br>| 08/15/30 | 81468 |
| 54000 | Block, Inc. (a) | 6.00<br> % <br>| 08/15/33 | 55186 |
|  |  |  |  | 136654 |
|  | **Education Services – 0.1%** |  |  |  |
| 54000 | Graham Holdings Co. (a) | 5.63<br> % <br>| 12/01/33 | 54395 |
|  | **Electric Utilities – 1.1%** |  |  |  |
| 126000 | Alpha Generation LLC (a) | 6.75<br> % <br>| 10/15/32 | 130709 |
| 391000 | Alpha Generation LLC (a) | 6.25<br> % <br>| 01/15/34 | 393774 |
| 78000 | NRG Energy, Inc. (a) | 5.75<br> % <br>| 01/15/34 | 78554 |
| 78000 | NRG Energy, Inc. (a) | 6.00<br> % <br>| 01/15/36 | 78851 |
|  |  |  |  | 681888 |
|  | **Environmental & Facilities Services – 1.4%** |  |  |  |
| 129000 | Allied Universal Holdco LLC (a) | 7.88<br> % <br>| 02/15/31 | 135838 |
| 188000 | Allied Universal Holdco LLC / Allied Universal Finance Corp. (a) | 6.88<br> % <br>| 06/15/30 | 195363 |

---

------

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Environmental & Facilities Services (Continued)** |  |  |  |
| $56000 | Clean Harbors, Inc. (a) | 5.75<br> % <br>| 10/15/33 | $57247 |
| 461000 | Waste Pro USA, Inc. (a) | 7.00<br> % <br>| 02/01/33 | 474768 |
|  |  |  |  | 863216 |
|  | **Fertilizers & Agricultural Chemicals – 0.2%** |  |  |  |
| 135000 | Scotts Miracle-Gro Co. (The) | 4.38<br> % <br>| 02/01/32 | 127371 |
|  | **Food Distributors – 0.4%** |  |  |  |
| 221000 | US Foods, Inc. (a) | 5.75<br> % <br>| 04/15/33 | 225002 |
|  | **Forest Products – 0.0%** |  |  |  |
| 12000 | Magnera Corp. (a) | 7.25<br> % <br>| 11/15/31 | 11351 |
|  | **Health Care Facilities – 1.2%** |  |  |  |
| 270000 | AHP Health Partners, Inc. (a) | 5.75<br> % <br>| 07/15/29 | 263478 |
| 34000 | Concentra Health Services, Inc. (a) | 6.88<br> % <br>| 07/15/32 | 35641 |
| 356000 | Select Medical Corp. (a) | 6.25<br> % <br>| 12/01/32 | 345791 |
| 70000 | Tenet Healthcare Corp. (a) | 5.50<br> % <br>| 11/15/32 | 70754 |
| 28000 | Tenet Healthcare Corp. (a) | 6.00<br> % <br>| 11/15/33 | 28826 |
|  |  |  |  | 744490 |
|  | **Health Care Services – 1.5%** |  |  |  |
| 509000 | Raven Acquisition Holdings LLC (a) | 6.88<br> % <br>| 11/15/31 | 510733 |
| 404000 | Surgery Center Holdings, Inc. (a) | 7.25<br> % <br>| 04/15/32 | 407258 |
|  |  |  |  | 917991 |
|  | **Homebuilding – 0.7%** |  |  |  |
| 189000 | Ashton Woods USA LLC / Ashton Woods Finance Co. (a) | 6.88<br> % <br>| 08/01/33 | 190844 |
| 177000 | Dream Finders Homes, Inc. (a) | 6.88<br> % <br>| 09/15/30 | 179452 |
| 25000 | Installed Building Products, Inc. (a) | 5.63<br> % <br>| 02/01/34 | 25206 |
|  |  |  |  | 395502 |
|  | **Homefurnishing Retail – 0.0%** |  |  |  |
| 28000 | Wayfair LLC (a) | 6.75<br> % <br>| 11/15/32 | 28963 |
|  | **Housewares & Specialties – 0.3%** |  |  |  |
| 43000 | Newell Brands, Inc. (a) | 8.50<br> % <br>| 06/01/28 | 45113 |
| 123000 | Newell Brands, Inc. | 6.63<br> % <br>| 05/15/32 | 120545 |
|  |  |  |  | 165658 |
|  | **Human Resource & Employment Services – 0.9%** |  |  |  |
| 400000 | TriNet Group, Inc. (a) | 7.13<br> % <br>| 08/15/31 | 412578 |
| 235000 | ZipRecruiter, Inc. (a) | 5.00<br> % <br>| 01/15/30 | 163254 |
|  |  |  |  | 575832 |
|  | **Independent Power Producers & Energy Traders – 2.3%** |  |  |  |
| 1042000 | Lightning Power LLC (a) | 7.25<br> % <br>| 08/15/32 | 1109651 |
| 86000 | Talen Energy Supply LLC (a) | 6.25<br> % <br>| 02/01/34 | 87198 |
| 169000 | Talen Energy Supply LLC (a) | 6.50<br> % <br>| 02/01/36 | 173345 |
|  |  |  |  | 1370194 |
|  | **Industrial Machinery & Supplies & Components – 0.8%** |  |  |  |
| 79000 | Gates Corp. (The) (a) | 6.88<br> % <br>| 07/01/29 | 82222 |
| 289000 | Madison IAQ LLC (a) | 5.88<br> % <br>| 06/30/29 | 288823 |
| 125000 | SPX FLOW, Inc. (a) | 8.75<br> % <br>| 04/01/30 | 128511 |
|  |  |  |  | 499556 |

---

------

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Insurance Brokers – 9.1%** |  |  |  |
| $705000 | Acrisure LLC / Acrisure Finance, Inc. (a) | 7.50<br> % <br>| 11/06/30 | $730272 |
| 250000 | Acrisure LLC / Acrisure Finance, Inc. (a) | 6.75<br> % <br>| 07/01/32 | 256483 |
| 856000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer (a) | 6.75<br> % <br>| 10/15/27 | 858939 |
| 231000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer (a) | 6.50<br> % <br>| 10/01/31 | 237722 |
| 66000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer (a) | 7.38<br> % <br>| 10/01/32 | 68407 |
| 755000 | &nbsp;&nbsp; Baldwin Insurance Group Holdings LLC / Baldwin Insurance Group <br> Holdings Finance (a)<br>| 7.13<br> % <br>| 05/15/31 | 776887 |
| 620000 | HUB International Ltd. (a) | 7.25<br> % <br>| 06/15/30 | 647220 |
| 625000 | HUB International Ltd. (a) | 7.38<br> % <br>| 01/31/32 | 655082 |
| 929000 | Panther Escrow Issuer LLC (a) | 7.13<br> % <br>| 06/01/31 | 957377 |
| 340000 | Ryan Specialty LLC (a) | 5.88<br> % <br>| 08/01/32 | 345834 |
|  |  |  |  | 5534223 |
|  | **Interactive Media & Services – 0.7%** |  |  |  |
| 341000 | Snap, Inc. (a) | 6.88<br> % <br>| 03/15/34 | 348538 |
| 60000 | ZoomInfo Technologies LLC / ZoomInfo Finance Corp. (a) | 3.88<br> % <br>| 02/01/29 | 54903 |
|  |  |  |  | 403441 |
|  | **Internet Services & Infrastructure – 0.6%** |  |  |  |
| 159000 | Cipher Compute LLC (a) | 7.13<br> % <br>| 11/15/30 | 164034 |
| 174000 | Wulf Compute LLC (a) | 7.75<br> % <br>| 10/15/30 | 181647 |
|  |  |  |  | 345681 |
|  | **Investment Banking & Brokerage – 0.5%** |  |  |  |
| 84000 | Jane Street Group / JSG Finance, Inc. (a) | 6.13<br> % <br>| 11/01/32 | 85601 |
| 210000 | Jane Street Group / JSG Finance, Inc. (a) | 6.75<br> % <br>| 05/01/33 | 218528 |
|  |  |  |  | 304129 |
|  | **IT Consulting & Other Services – 0.0%** |  |  |  |
| 28000 | CACI International, Inc. (a) | 6.38<br> % <br>| 06/15/33 | 29086 |
|  | **Leisure Facilities – 0.5%** |  |  |  |
| 62000 | Six Flags Entertainment Corp. (a) | 7.25<br> % <br>| 05/15/31 | 61236 |
| 100000 | &nbsp;&nbsp; Six Flags Entertainment Corp. / Canada's Wonderland Co. / <br> Millenium Operations LLC (a)<br>| 8.63<br> % <br>| 01/15/32 | 102119 |
| 136000 | &nbsp;&nbsp; Six Flags Entertainment Corp. / Six Flags Theme Parks, Inc. / <br> Canada's Wonderland Co. (a)<br>| 6.63<br> % <br>| 05/01/32 | 139043 |
|  |  |  |  | 302398 |
|  | **Life Sciences Tools & Services – 1.0%** |  |  |  |
| 198000 | Fortrea Holdings, Inc. (a) | 7.50<br> % <br>| 07/01/30 | 201681 |
| 394000 | Star Parent, Inc. (a) | 9.00<br> % <br>| 10/01/30 | 416349 |
|  |  |  |  | 618030 |
|  | **Managed Health Care – 1.2%** |  |  |  |
| 710000 | Molina Healthcare, Inc. (a) | 6.25<br> % <br>| 01/15/33 | 715492 |
|  | **Movies & Entertainment – 0.4%** |  |  |  |
| 379000 | Warner Media Holdings, Inc. | 5.14<br> % <br>| 03/15/52 | 252842 |
|  | **Oil & Gas Refining & Marketing – 1.1%** |  |  |  |
| 109000 | Sunoco L.P. (a) | 5.63<br> % <br>| 03/15/31 | 109719 |
| 251000 | Sunoco L.P. (a) | 5.88<br> % <br>| 03/15/34 | 251786 |
| 160000 | Venture Global LNG, Inc. (a) | 8.38<br> % <br>| 06/01/31 | 163755 |
| 150000 | Venture Global LNG, Inc. (a) | 9.88<br> % <br>| 02/01/32 | 158688 |
|  |  |  |  | 683948 |

---

------

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Oil & Gas Storage & Transportation – 1.2%** |  |  |  |
| $14000 | Venture Global Plaquemines LNG LLC (a) | 7.50<br> % <br>| 05/01/33 | $15358 |
| 61000 | Venture Global Plaquemines LNG LLC (a) | 6.50<br> % <br>| 01/15/34 | 63334 |
| 446000 | Venture Global Plaquemines LNG LLC (a) | 7.75<br> % <br>| 05/01/35 | 497557 |
| 132000 | Venture Global Plaquemines LNG LLC (a) | 6.75<br> % <br>| 01/15/36 | 138432 |
|  |  |  |  | 714681 |
|  | **Other Specialty Retail – 0.2%** |  |  |  |
| 66000 | PetSmart LLC / PetSmart Finance Corp. (a) | 7.50<br> % <br>| 09/15/32 | 67721 |
| 54000 | PetSmart LLC / PetSmart Finance Corp. (a) | 10.00<br> % <br>| 09/15/33 | 56236 |
|  |  |  |  | 123957 |
|  | **Packaged Foods & Meats – 2.8%** |  |  |  |
| 106000 | BellRing Brands, Inc. (a) | 7.00<br> % <br>| 03/15/30 | 109013 |
| 164000 | Fiesta Purchaser, Inc. (a) | 7.88<br> % <br>| 03/01/31 | 168788 |
| 190000 | Fiesta Purchaser, Inc. (a) | 9.63<br> % <br>| 09/15/32 | 192678 |
| 159000 | Lamb Weston Holdings, Inc. (a) | 4.38<br> % <br>| 01/31/32 | 151607 |
| 160000 | Performance Food Group, Inc. (a) | 6.13<br> % <br>| 09/15/32 | 164529 |
| 329000 | Post Holdings, Inc. (a) | 6.25<br> % <br>| 02/15/32 | 338230 |
| 335000 | Post Holdings, Inc. (a) | 6.38<br> % <br>| 03/01/33 | 337852 |
| 267000 | Post Holdings, Inc. (a) | 6.50<br> % <br>| 03/15/36 | 267403 |
|  |  |  |  | 1730100 |
|  | **Paper & Plastic Packaging Products & Materials – 0.5%** |  |  |  |
| 208000 | Graphic Packaging International LLC (a) | 6.38<br> % <br>| 07/15/32 | 210590 |
| 87000 | Sealed Air Corp. (a) | 7.25<br> % <br>| 02/15/31 | 90700 |
|  |  |  |  | 301290 |
|  | **Passenger Ground Transportation – 0.4%** |  |  |  |
| 213000 | Avis Budget Car Rental LLC / Avis Budget Finance, Inc. (a) | 8.25<br> % <br>| 01/15/30 | 220610 |
|  | **Real Estate Operating Companies – 0.7%** |  |  |  |
| 66000 | Service Properties Trust | 5.50<br> % <br>| 12/15/27 | 65519 |
| 351000 | Service Properties Trust | 8.88<br> % <br>| 06/15/32 | 348675 |
|  |  |  |  | 414194 |
|  | **Real Estate Services – 0.2%** |  |  |  |
| 74000 | Cushman & Wakefield US Borrower LLC (a) | 8.88<br> % <br>| 09/01/31 | 78909 |
| 56000 | Taylor Morrison Communities, Inc. (a) | 5.75<br> % <br>| 11/15/32 | 57508 |
|  |  |  |  | 136417 |
|  | **Research & Consulting Services – 0.8%** |  |  |  |
| 275000 | Clarivate Science Holdings Corp. (a) | 4.88<br> % <br>| 07/01/29 | 236615 |
| 84000 | Neptune Bidsco US, Inc. (a) | 9.29<br> % <br>| 04/15/29 | 86318 |
| 112000 | Neptune Bidsco US, Inc. (a) | 10.38<br> % <br>| 05/15/31 | 118515 |
| 20000 | Neptune Bidsco US, Inc. (a) | 9.50<br> % <br>| 02/15/33 | 20390 |
|  |  |  |  | 461838 |
|  | **Security & Alarm Services – 0.5%** |  |  |  |
| 318000 | Brink's Co. (The) (a) | 6.75<br> % <br>| 06/15/32 | 331303 |
|  | **Soft Drinks & Non-alcoholic Beverages – 0.1%** |  |  |  |
| 56000 | Primo Water Holdings, Inc. / Triton Water Holdings, Inc. (a) | 6.25<br> % <br>| 04/01/29 | 56091 |
|  | **Specialized Consumer Services – 0.6%** |  |  |  |
| 359000 | Wand NewCo 3, Inc. (a) | 7.63<br> % <br>| 01/30/32 | 377667 |

---

------

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Systems Software – 0.2%** |  |  |  |
| $121000 | Gen Digital, Inc. (a) | 6.25<br> % <br>| 04/01/33 | $121713 |
|  | **Technology Hardware, Storage & Peripherals – 0.2%** |  |  |  |
| 144000 | Fair Isaac Corp. (a) | 6.00<br> % <br>| 05/15/33 | 146809 |
|  | **Trading Companies & Distributors – 2.4%** |  |  |  |
| 60000 | EquipmentShare.com, Inc. (a) | 9.00<br> % <br>| 05/15/28 | 62778 |
| 286000 | EquipmentShare.com, Inc. (a) | 8.00<br> % <br>| 03/15/33 | 301907 |
| 13000 | Herc Holdings, Inc. (a) | 5.75<br> % <br>| 03/15/31 | 13100 |
| 196000 | Herc Holdings, Inc. (a) | 7.25<br> % <br>| 06/15/33 | 207523 |
| 13000 | Herc Holdings, Inc. (a) | 6.00<br> % <br>| 03/15/34 | 13073 |
| 143351 | Park River Holdings, Inc. (a) | 8.75<br> % <br>| 12/31/30 | 143100 |
| 56000 | Park River Holdings, Inc. (a) | 8.00<br> % <br>| 03/15/31 | 57747 |
| 508000 | QXO Building Products, Inc. (a) | 6.75<br> % <br>| 04/30/32 | 523959 |
| 27000 | Synergy Infrastructure Holdings LLC (a) | 7.88<br> % <br>| 12/01/30 | 28232 |
| 90000 | WESCO Distribution, Inc. (a) | 6.38<br> % <br>| 03/15/33 | 93768 |
| 24000 | White Cap Supply Holdings LLC (a) | 7.38<br> % <br>| 11/15/30 | 24943 |
|  |  |  |  | 1470130 |
|  | **Transaction & Payment Processing Services – 0.5%** |  |  |  |
| 269000 | Shift4 Payments LLC / Shift4 Payments Finance Sub, Inc. (a) | 6.75<br> % <br>| 08/15/32 | 274581 |
| 15000 | WEX, Inc. (a) | 6.50<br> % <br>| 03/15/33 | 15319 |
|  |  |  |  | 289900 |
|  | **Total Corporate Bonds and Notes** | **Total Corporate Bonds and Notes** | **Total Corporate Bonds and Notes** | 32834659 |
|  | (Cost $32,664,997) |  |  |  |
| **Principal**<br> **Value**<br>| **Description** | **Rate (d)** | **Stated**<br> **Maturity (e)**<br>| **Value** |
| **SENIOR FLOATING-RATE LOAN INTERESTS – 33.1%** | **SENIOR FLOATING-RATE LOAN INTERESTS – 33.1%** | **SENIOR FLOATING-RATE LOAN INTERESTS – 33.1%** | **SENIOR FLOATING-RATE LOAN INTERESTS – 33.1%** | **SENIOR FLOATING-RATE LOAN INTERESTS – 33.1%** |
|  | **Advertising – 0.4%** |  |  |  |
| 86813 | &nbsp;&nbsp; Authentic Brands Group (ABG Intermediate Holdings 2 LLC), Refi <br> Term Loan B, 1 Mo. CME Term SOFR + 2.25%, 0.00% Floor <br>| 5.92<br> % <br>| 12/21/28 | 86873 |
| 172923 | &nbsp;&nbsp; WH Borrower LLC (WHP), Term Loan B, 3 Mo. CME Term SOFR <br> + 4.50%, 0.50% Floor<br>| 8.39<br> % <br>| 02/20/32 | 173571 |
|  |  |  |  | 260444 |
|  | **Aerospace & Defense – 1.1%** |  |  |  |
| 362147 | &nbsp;&nbsp; Phoenix Aviation Capital Ltd., Term Loan B, 3 Mo. CME Term <br> SOFR + 3.25%, 0.00% Floor<br>| 6.92<br> % <br>| 10/28/30 | 359206 |
| 328471 | &nbsp;&nbsp; Vista Management Holding, Inc., Term Loan B, 3 Mo. CME Term <br> SOFR + 3.75%, 0.00% Floor<br>| 7.41<br> % <br>| 03/31/31 | 329908 |
|  |  |  |  | 689114 |
|  | **Application Software – 4.6%** |  |  |  |
| 50198 | &nbsp;&nbsp; Avalara, Inc., Term Loan B, 3 Mo. CME Term SOFR + 2.75%, <br> 0.00% Floor<br>| 6.42<br> % <br>| 03/29/32 | 49320 |
| 118467 | &nbsp;&nbsp; ConnectWise LLC, Term Loan B, 3 Mo. CME Term SOFR + CSA <br> + 3.50%, 0.50% Floor<br>| 7.43<br> % <br>| 09/30/28 | 114617 |
| 685411 | &nbsp;&nbsp; Darktrace PLC (Leia Finco US LLC), Second Lien Term Loan, 3 <br> Mo. CME Term SOFR + 5.25%, 0.00% Floor<br>| 8.90<br> % <br>| 10/09/32 | 679773 |
| 354291 | &nbsp;&nbsp; Internet Brands, Inc. (Web MD / MH Sub I. LLC), Term Loan B-3, <br> 1 Mo. CME Term SOFR + 4.25%, 0.50% Floor <br>| 7.92<br> % <br>| 05/03/28 | 322658 |
| 259046 | &nbsp;&nbsp; LogMeIn, Inc. (GoTo Group, Inc.), First Lien First Out TL, 3 Mo. <br> CME Term SOFR + CSA + 4.75%, 0.00% Floor <br>| 8.57<br> % <br>| 04/30/28 | 220513 |

---

------

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Rate (d)** | **Stated**<br> **Maturity (e)**<br>| **Value** |
| **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** |
|  | **Application Software (Continued)** |  |  |  |
| $682106 | &nbsp;&nbsp; McAfee Corp. (Condor Merger Sub, Inc.), Term Loan B-1, 1 Mo. <br> CME Term SOFR + 3.00%, 0.50% Floor<br>| 6.67<br> % <br>| 03/01/29 | $606222 |
| 124028 | &nbsp;&nbsp; OSTTRA (Orion US Finco, Inc.), 1st Lien Term Loan B, 3 Mo. <br> CME Term SOFR + 3.50%, 0.00% Floor<br>| 7.15<br> % <br>| 10/10/32 | 124248 |
| 149417 | &nbsp;&nbsp; Qlik Technologies (Project Alpha Intermediate Holding, Inc.), <br> Second Lien Term Loan, 3 Mo. CME Term SOFR + 5.00%, <br> 0.50% Floor <br>| 8.67<br> % <br>| 05/08/33 | 119533 |
| 100804 | &nbsp;&nbsp; Qlik Technologies (Project Alpha Intermediate Holding, Inc.), Term <br> Loan B, 3 Mo. CME Term SOFR + 3.25%, 0.50% Floor <br>| 6.92<br> % <br>| 10/28/30 | 94001 |
| 168604 | &nbsp;&nbsp; SolarWinds Holdings, Inc. (Starlight Parent LLC), Term Loan B, 3 <br> Mo. CME Term SOFR + 4.00%, 0.00% Floor <br>| 7.70<br> % <br>| 04/16/32 | 156801 |
| 163693 | X.AI LLC, Fixed Rate Term Loan | 12.50<br> % <br>| 06/30/30 | 177744 |
| 104475 | &nbsp;&nbsp; X.AI LLC, Floating Rate Term Loan B, 3 Mo. CME Term SOFR + <br> 7.25%, 0.00% Floor<br>| 11.12<br> % <br>| 06/30/30 | 106663 |
|  |  |  |  | 2772093 |
|  | **Asset Management & Custody Banks – 1.2%** |  |  |  |
| 373740 | &nbsp;&nbsp; Edelman Financial Engines Center LLC, Refi Term Loan B, 1 Mo. <br> CME Term SOFR + 3.00%, 0.00% Floor<br>| 6.67<br> % <br>| 04/07/28 | 374314 |
| 366581 | &nbsp;&nbsp; Edelman Financial Engines Center LLC, Second Lien Term Loan, 1 <br> Mo. CME Term SOFR + 5.25%, 0.00% Floor <br>| 8.92<br> % <br>| 10/06/28 | 367651 |
|  |  |  |  | 741965 |
|  | **Automotive Retail – 0.8%** |  |  |  |
| 457851 | &nbsp;&nbsp; Mavis Tire Express Services Topco Corp., Refi Term Loan B, 1 <br> Mo. CME Term SOFR + 3.00%, 0.75% Floor<br>| 6.67<br> % <br>| 05/04/28 | 458508 |
|  | **Building Products – 0.3%** |  |  |  |
| 68913 | &nbsp;&nbsp; LBM Acquisition LLC, Term Loan B, 1 Mo. CME Term SOFR + <br> CSA + 3.75%, 0.75% Floor<br>| 7.52<br> % <br>| 06/06/31 | 66508 |
| 91575 | &nbsp;&nbsp; LBM Acquisition LLC, Term Loan, 1 Mo. CME Term SOFR + <br> 5.00%, 0.75% Floor<br>| 8.67<br> % <br>| 06/06/31 | 91676 |
|  |  |  |  | 158184 |
|  | **Construction & Engineering – 0.3%** |  |  |  |
| 202789 | &nbsp;&nbsp; Green Infrastructure, Term Loan B, 3 Mo. CME Term SOFR + <br> 2.75%, 0.00% Floor<br>| 6.42<br> % <br>| 09/24/32 | 203170 |
|  | **Construction Materials – 0.5%** |  |  |  |
| 297727 | &nbsp;&nbsp; Quikrete Holdings, Inc., Term Loan B2 2029, 1 Mo. CME Term <br> SOFR + 2.25%, 0.00% Floor<br>| 5.92<br> % <br>| 03/18/29 | 298437 |
|  | **Data Processing & Outsourced Services – 0.3%** |  |  |  |
| 71862 | &nbsp;&nbsp; Paysafe Holdings US Corp., Facility B1 Loan, 1 Mo. CME Term <br> SOFR + CSA + 2.75%, 0.50% Floor<br>| 6.54<br> % <br>| 06/28/28 | 67371 |
| 134497 | &nbsp;&nbsp; Skopima Consilio Parent LLC, Refi Term Loan B, 1 Mo. CME <br> Term SOFR + 3.75%, 0.50% Floor<br>| 7.42<br> % <br>| 05/17/28 | 115936 |
|  |  |  |  | 183307 |
|  | **Diversified Support Services – 0.6%** |  |  |  |
| 193174 | &nbsp;&nbsp; Aggreko Holdings, Inc., Extended Term Loan B, 3 Mo. CME Term <br> SOFR + 3.00%, 0.50% Floor<br>| 6.87<br> % <br>| 05/21/31 | 192661 |
| 178771 | &nbsp;&nbsp; Vestis Corp., Term Loan B-1, 3 Mo. CME Term SOFR + 2.25%, <br> 0.00% Floor<br>| 6.07<br> % <br>| 02/22/31 | 167746 |
|  |  |  |  | 360407 |

---

------

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Rate (d)** | **Stated**<br> **Maturity (e)**<br>| **Value** |
| **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** |
|  | **Education Services – 0.2%** |  |  |  |
| $98206 | &nbsp;&nbsp; Prometric Holdings, Inc., Term Loan B, 1 Mo. CME Term SOFR + <br> 3.75%, 0.00% Floor<br>| 7.42<br> % <br>| 06/24/32 | $98492 |
|  | **Electronic Equipment & Instruments – 0.5%** |  |  |  |
| 75997 | &nbsp;&nbsp; Convergint Technologies (DG Investment Intermediate Holdings 2, <br> Inc.), Refi Term Loan B, 1 Mo. CME Term SOFR + 3.25%, <br> 0.00% Floor <br>| 6.92<br> % <br>| 07/12/32 | 76314 |
| 122503 | &nbsp;&nbsp; Convergint Technologies (DG Investment Intermediate Holdings 2, <br> Inc.), Second Lien, 1 Mo. CME Term SOFR + 5.50%, 0.00% <br> Floor <br>| 9.17<br> % <br>| 07/31/33 | 123115 |
| 111891 | &nbsp;&nbsp; VeriFone Systems, Inc., Extended Term Loan, 3 Mo. CME Term <br> SOFR + CSA + 5.25%, 0.00% Floor<br>| 9.18<br> % <br>| 08/21/28 | 103779 |
|  |  |  |  | 303208 |
|  | **Food Distributors – 0.1%** |  |  |  |
| 72429 | &nbsp;&nbsp; C&S Wholesale Grocers, Inc., Term Loan B, 3 Mo. CME Term <br> SOFR + 5.00%, 0.00% Floor<br>| 8.67<br> % <br>| 09/23/30 | 71795 |
|  | **Health Care Facilities – 0.8%** |  |  |  |
| 486974 | &nbsp;&nbsp; IVC Evidensia (VetStrategy Canada / IVC Acquisition Midco Ltd.), <br> Term Loan B-12, 3 Mo. CME Term SOFR + 3.75%, 0.50%<br> Floor <br>| 7.42<br> % <br>| 12/06/28 | 487766 |
|  | **Health Care Services – 2.3%** |  |  |  |
| 314963 | &nbsp;&nbsp; Ensemble RCM LLC, Term Loan B, 3 Mo. CME Term SOFR + <br> 3.00%, 0.00% Floor<br>| 6.67<br> % <br>| 01/28/33 | 312207 |
| 486794 | &nbsp;&nbsp; ExamWorks Group, Inc. (Electron Bidco), Extended Term Loan B, <br> 1 Mo. CME Term SOFR + 2.50%, 0.50% Floor <br>| 6.17<br> % <br>| 01/29/33 | 487670 |
| 616381 | &nbsp;&nbsp; Opella Healthcare Group (Opal U.S. LLC), Refi Term Loan B4 <br> (USD), 3 Mo. CME Term SOFR + 3.00%, 0.00% Floor <br>| 6.69<br> % <br>| 04/23/32 | 617090 |
|  |  |  |  | 1416967 |
|  | **Health Care Technology – 2.7%** |  |  |  |
| 963931 | &nbsp;&nbsp; athenahealth Group, Inc., Refi Term Loan B, 1 Mo. CME Term <br> SOFR + 2.75%, 0.50% Floor<br>| 6.42<br> % <br>| 02/15/29 | 953188 |
| 672123 | &nbsp;&nbsp; Mediware (Wellsky / Project Ruby Ultimate Parent Corp.), Refi <br> Term Loan B, 1 Mo. CME Term SOFR + CSA + 2.75%, 0.00% <br> Floor <br>| 6.54<br> % <br>| 03/10/28 | 668450 |
|  |  |  |  | 1621638 |
|  | **Home Furnishings – 0.1%** |  |  |  |
| 53565 | &nbsp;&nbsp; Restoration Hardware (RH), Term Loan B-2, 1 Mo. CME Term <br> SOFR + CSA + 3.25%, 0.50% Floor<br>| 7.02<br> % <br>| 10/20/28 | 53483 |
|  | **Household Products – 0.2%** |  |  |  |
| 101353 | &nbsp;&nbsp; Essential Home (Lavender Dutch BorrowerCo BV), Term Loan B, 3 <br> Mo. CME Term SOFR + 3.25%, 0.00% Floor<br>| 6.93<br> % <br>| 12/31/32 | 101818 |
|  | **Industrial Machinery & Supplies & Components – 0.7%** |  |  |  |
| 424050 | &nbsp;&nbsp; TK Elevator US Newco, Inc., Term Loan B, 6 Mo. CME Term <br> SOFR + 2.75%, 0.50% Floor<br>| 6.38<br> % <br>| 04/30/30 | 425615 |
|  | **Insurance Brokers – 3.3%** |  |  |  |
| 58067 | &nbsp;&nbsp; Acrisure LLC, Term Loan B-6 2030, 1 Mo. CME Term SOFR + <br> 3.00%, 0.00% Floor<br>| 6.67<br> % <br>| 11/06/30 | 57973 |
| 49838 | &nbsp;&nbsp; CFC USA 2025, LLC, Term Loan B, 3 Mo. CME Term SOFR + <br> 3.50%, 0.00% Floor<br>| 7.16<br> % <br>| 07/01/32 | 47720 |

---

------

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Rate (d)** | **Stated**<br> **Maturity (e)**<br>| **Value** |
| **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** |
|  | **Insurance Brokers (Continued)** |  |  |  |
| $310902 | &nbsp;&nbsp; CRC Insurance Group (f/k/a Truist Insurance), Second Lien Term <br> Loan, 3 Mo. CME Term SOFR + 4.75%, 0.00% Floor <br>| 8.42<br> % <br>| 05/06/32 | $313233 |
| 228201 | &nbsp;&nbsp; Goosehead Insurance Holdings LLC, Refi Term Loan B, 1 Mo. <br> CME Term SOFR + 3.00%, 0.00% Floor<br>| 6.68<br> % <br>| 01/08/32 | 229342 |
| 346557 | &nbsp;&nbsp; Hyperion Refinance Sarl, Refi Term Loan 2030, 1 Mo. CME Term <br> SOFR + 2.75%, 0.50% Floor<br>| 6.42<br> % <br>| 04/18/30 | 346953 |
| 881117 | &nbsp;&nbsp; OneDigital Borrower LLC, Second Lien Term Loan, 1 Mo. CME <br> Term SOFR + 5.25%, 0.50% Floor<br>| 8.92<br> % <br>| 07/02/32 | 888827 |
| 109728 | &nbsp;&nbsp; Trucordia Insurance Holdings LLC, Term Loan B, 1 Mo. CME <br> Term SOFR + 3.25%, 0.00% Floor<br>| 6.92<br> % <br>| 06/17/32 | 109249 |
|  |  |  |  | 1993297 |
|  | **Integrated Telecommunication Services – 0.5%** |  |  |  |
| 317237 | &nbsp;&nbsp; Numericable US LLC, Term Loan B-14, 3 Mo. CME Term SOFR + <br> 6.88%, 0.00% Floor<br>| 10.55<br> % <br>| 05/15/31 | 322655 |
|  | **Interactive Media & Services – 1.3%** |  |  |  |
| 434984 | Twitter, Inc. (X Corp.), Fixed Rate Term Loan B-3 | 9.50<br> % <br>| 10/29/29 | 450969 |
| 360367 | &nbsp;&nbsp; Twitter, Inc. (X Corp.), Term Loan B-1, 3 Mo. CME Term SOFR + <br> CSA + 6.50%, 0.50% Floor<br>| 10.45<br> % <br>| 10/26/29 | 360330 |
|  |  |  |  | 811299 |
|  | **IT Consulting & Other Services – 1.0%** |  |  |  |
| 635992 | &nbsp;&nbsp; Gainwell Acquisition Corp. (f/k/a Milano), Term Loan B, 3 Mo. <br> CME Term SOFR + CSA + 4.00%, 0.75% Floor <br>| 7.77<br> % <br>| 10/01/27 | 610285 |
|  | **Life Sciences Tools & Services – 0.9%** |  |  |  |
| 445452 | &nbsp;&nbsp; Parexel International Corp. (Phoenix Newco), Term Loan B, 1 Mo. <br> CME Term SOFR + 2.75%, 0.50% Floor<br>| 6.42<br> % <br>| 12/09/31 | 446010 |
| 50578 | &nbsp;&nbsp; Sotera Health Holdings, LLC (Sterigenics), Term Loan B, 1 Mo. <br> CME Term SOFR + 2.50%, 0.00% Floor<br>| 6.17<br> % <br>| 05/30/31 | 50815 |
| 69681 | &nbsp;&nbsp; Syneos Health, Inc. (Star Parent, Inc.), Term Loan B, 3 Mo. CME <br> Term SOFR + 4.00%, 0.00% Floor<br>| 7.67<br> % <br>| 09/30/30 | 69805 |
|  |  |  |  | 566630 |
|  | **Metal, Glass & Plastic Containers – 0.3%** |  |  |  |
| 176840 | &nbsp;&nbsp; ProAmpac PG Borrower LLC, 2024 Refi Term Loan B, 3 Mo. <br> CME Term SOFR + 4.00%, 0.75% Floor<br>| 7.67%-7.88% | 09/15/28 | 177245 |
|  | **Other Specialty Retail – 1.2%** |  |  |  |
| 81162 | &nbsp;&nbsp; Bass Pro Group LLC (Great Outdoors Group LLC), Term Loan <br> B-3, 1 Mo. CME Term SOFR + 3.25%, 0.75% Floor <br>| 6.92<br> % <br>| 01/23/32 | 81274 |
| 462451 | &nbsp;&nbsp; Petco Health and Wellness Company, Inc., Initial Term Loan B, 3 <br> Mo. CME Term SOFR + CSA + 3.25%, 0.75% Floor <br>| 7.18<br> % <br>| 03/04/28 | 462338 |
| 111680 | &nbsp;&nbsp; PetSmart LLC, Term Loan B, 1 Mo. CME Term SOFR + 4.00%, <br> 0.00% Floor<br>| 7.67<br> % <br>| 08/18/32 | 111777 |
| 86367 | &nbsp;&nbsp; Savers, Inc. (Evergreen AcqCo 1 L.P.), Term Loan B, 3 Mo. CME <br> Term SOFR + 3.00%, 0.00% Floor<br>| 6.70<br> % <br>| 09/15/32 | 86691 |
|  |  |  |  | 742080 |
|  | **Packaged Foods & Meats – 0.3%** |  |  |  |
| 149519 | &nbsp;&nbsp; Sauer Brands, Inc. (Savor Acquisition, Inc.), Term Loan B, 3 Mo. <br> CME Term SOFR + 3.00%, 0.00% Floor<br>| 6.67<br> % <br>| 02/19/32 | 150189 |
|  | **Paper & Plastic Packaging Products & Materials – 0.5%** |  |  |  |
| 305160 | &nbsp;&nbsp; Graham Packaging Co., Inc., Term Loan B, 1 Mo. CME Term <br> SOFR + 2.25%, 0.00% Floor<br>| 5.92<br> % <br>| 01/26/33 | 305272 |

---

------

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Rate (d)** | **Stated**<br> **Maturity (e)**<br>| **Value** |
| **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** |
|  | **Passenger Airlines – 0.7%** |  |  |  |
| $340745 | &nbsp;&nbsp; American Airlines, Inc., Term Loan B 2027, 3 Mo. CME Term <br> SOFR + CSA + 1.75%, 0.00% Floor<br>| 5.52<br> % <br>| 01/29/27 | $340715 |
| 74207 | &nbsp;&nbsp; American Airlines, Inc. (AAdvantage Loyalty IP Ltd.), 2032 Term <br> Loan, 3 Mo. CME Term SOFR + 3.25%, 0.00% Floor <br>| 6.92<br> % <br>| 05/31/32 | 74439 |
|  |  |  |  | 415154 |
|  | **Research & Consulting Services – 0.4%** |  |  |  |
| 231655 | &nbsp;&nbsp; Camelot US Acquisition LLC, 2025 Incremental Term Loan, 1 Mo. <br> CME Term SOFR + 3.25%, 0.00% Floor<br>| 6.92<br> % <br>| 01/31/31 | 219782 |
|  | **Restaurants – 1.0%** |  |  |  |
| 626694 | &nbsp;&nbsp; Whatabrands LLC, Term Loan B, 1 Mo. CME Term SOFR + <br> 2.50%, 0.50% Floor<br>| 6.17<br> % <br>| 08/03/28 | 626888 |
|  | **Security & Alarm Services – 1.4%** |  |  |  |
| 788333 | &nbsp;&nbsp; Garda World Security Corp., Term Loan B, 3 Mo. CME Term <br> SOFR + 2.75%, 0.00% Floor<br>| 6.42<br> % <br>| 02/01/29 | 788332 |
| 86264 | &nbsp;&nbsp; LSF12 Crown US Commercial Bidco LLC, Refi Term Loan B, 1 <br> Mo. CME Term SOFR + 3.00%, 0.00% Floor<br>| 6.68<br> % <br>| 12/02/31 | 86534 |
|  |  |  |  | 874866 |
|  | **Semiconductor Materials & Equipment – 0.5%** |  |  |  |
| 295356 | &nbsp;&nbsp; Gryphon Debt Merger Sub, Inc., Term Loan B, 6 Mo. CME Term <br> SOFR + 3.00%, 0.00% Floor<br>| 6.88<br> % <br>| 09/12/32 | 294850 |
|  | **Specialty Chemicals – 0.5%** |  |  |  |
| 312904 | &nbsp;&nbsp; Highline Aftermarket Acquisition LLC, Refi Term Loan B, 3 Mo. <br> CME Term SOFR + 3.50%, 0.75% Floor<br>| 7.32<br> % <br>| 02/19/30 | 314275 |
|  | **Systems Software – 1.1%** |  |  |  |
| 75574 | &nbsp;&nbsp; Idera, Inc. (Flash Charm), Second Lien Term Loan, 3 Mo. CME <br> Term SOFR + CSA + 6.75%, 0.75% Floor<br>| 10.75<br> % <br>| 03/02/29 | 66175 |
| 14110 | &nbsp;&nbsp; Kaseya, Inc., Second Lien Term Loan, 1 Mo. CME Term SOFR + <br> 5.00%, 0.00% Floor<br>| 8.67<br> % <br>| 03/20/33 | 13581 |
| 193800 | &nbsp;&nbsp; KnowBe4, Inc., Term Loan B, 3 Mo. CME Term SOFR + 3.75%, <br> 0.00% Floor<br>| 7.42<br> % <br>| 07/26/32 | 187017 |
| 318376 | &nbsp;&nbsp; Proofpoint, Inc., 2024 Refi Term Loan, 3 Mo. CME Term SOFR + <br> 3.00%, 0.50% Floor<br>| 6.67<br> % <br>| 08/31/28 | 316686 |
| 101590 | &nbsp;&nbsp; SUSE (Marcel Bidco LLC), Refi Term Loan B9, Daily CME Term <br> SOFR + 3.00%, 0.50% Floor<br>| 6.64%-6.87% | 11/13/30 | 100955 |
|  |  |  |  | 684414 |
|  | **Trading Companies & Distributors – 0.5%** |  |  |  |
| 47108 | &nbsp;&nbsp; Veritiv Corp. (Verde Purchaser LLC), Term Loan B, 3 Mo. CME <br> Term SOFR + 4.00%, 0.00% Floor<br>| 7.67<br> % <br>| 11/29/30 | 46231 |
| 281254 | &nbsp;&nbsp; White Cap Supply Holdings LLC, Term Loan B, 1 Mo. CME Term <br> SOFR + 3.25%, 0.00% Floor<br>| 6.92<br> % <br>| 10/29/29 | 281103 |
|  |  |  |  | 327334 |
|  | **Total Senior Floating-Rate Loan Interests** | **Total Senior Floating-Rate Loan Interests** | **Total Senior Floating-Rate Loan Interests** | 20142926 |
|  | (Cost $20,347,167) |  |  |  |
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **FOREIGN CORPORATE BONDS AND NOTES – 6.4%** | **FOREIGN CORPORATE BONDS AND NOTES – 6.4%** | **FOREIGN CORPORATE BONDS AND NOTES – 6.4%** | **FOREIGN CORPORATE BONDS AND NOTES – 6.4%** | **FOREIGN CORPORATE BONDS AND NOTES – 6.4%** |
|  | **Aerospace & Defense – 0.5%** |  |  |  |
| 168000 | Bombardier, Inc. (a) | 6.75<br> % <br>| 06/15/33 | 176676 |

---

------

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **FOREIGN CORPORATE BONDS AND NOTES (Continued)** | **FOREIGN CORPORATE BONDS AND NOTES (Continued)** | **FOREIGN CORPORATE BONDS AND NOTES (Continued)** | **FOREIGN CORPORATE BONDS AND NOTES (Continued)** | **FOREIGN CORPORATE BONDS AND NOTES (Continued)** |
|  | **Aerospace & Defense (Continued)** |  |  |  |
| $138000 | Phoenix Aviation Capital Ltd. (a) | 9.25<br> % <br>| 07/15/30 | $144735 |
|  |  |  |  | 321411 |
|  | **Automotive Parts & Equipment – 0.3%** |  |  |  |
| 175000 | Clarios Global, L.P. / Clarios US Finance Co. (a) | 6.75<br> % <br>| 09/15/32 | 181241 |
|  | **Data Processing & Outsourced Services – 0.3%** |  |  |  |
| 216000 | Paysafe Finance PLC / Paysafe Holdings US Corp. (a) | 4.00<br> % <br>| 06/15/29 | 193017 |
|  | **Diversified Support Services – 0.1%** |  |  |  |
| 86000 | Albion Financing 1 SARL / Aggreko Holdings, Inc. (a) | 7.00<br> % <br>| 05/21/30 | 89687 |
|  | **Health Care Services – 0.2%** |  |  |  |
| 140000 | Opal Bidco SAS (a) | 6.50<br> % <br>| 03/31/32 | 142949 |
|  | **Homebuilding – 0.3%** |  |  |  |
| 175000 | Mattamy Group Corp. (a) | 6.00<br> % <br>| 12/15/33 | 172075 |
|  | **Insurance Brokers – 3.3%** |  |  |  |
| 713000 | Ardonagh Finco Ltd. (a) | 7.75<br> % <br>| 02/15/31 | 737505 |
| 255000 | Ardonagh Group Finance Ltd. (a) | 8.88<br> % <br>| 02/15/32 | 263155 |
| 533000 | &nbsp;&nbsp; Howden UK Refinance PLC / Howden UK Refinance 2 PLC / <br> Howden US Refinance LLC (a)<br>| 7.25<br> % <br>| 02/15/31 | 551618 |
| 201000 | &nbsp;&nbsp; Howden UK Refinance PLC / Howden UK Refinance 2 PLC / <br> Howden US Refinance LLC (a)<br>| 8.13<br> % <br>| 02/15/32 | 205023 |
| 78000 | &nbsp;&nbsp; Howden UK Refinance PLC / Howden UK Refinance 2 PLC / <br> Howden US Refinance LLC (a)<br>| 8.13<br> % <br>| 02/15/32 | 79561 |
| 172000 | Jones Deslauriers Insurance Management, Inc. (a) | 8.50<br> % <br>| 03/15/30 | 179949 |
|  |  |  |  | 2016811 |
|  | **Metal, Glass & Plastic Containers – 0.2%** |  |  |  |
| 44000 | Canpack SA / Canpack US LLC (a) | 3.88<br> % <br>| 11/15/29 | 42111 |
| 77000 | Trivium Packaging Finance B.V. (a) | 8.25<br> % <br>| 07/15/30 | 82212 |
|  |  |  |  | 124323 |
|  | **Packaged Foods & Meats – 0.6%** |  |  |  |
| 356000 | Froneri Lux FinCo SARL (a) | 6.00<br> % <br>| 08/01/32 | 360844 |
|  | **Specialized Consumer Services – 0.6%** |  |  |  |
| 327000 | Belron UK Finance PLC (a) | 5.75<br> % <br>| 10/15/29 | 333400 |
|  | **Total Foreign Corporate Bonds and Notes** | **Total Foreign Corporate Bonds and Notes** | **Total Foreign Corporate Bonds and Notes** | 3935758 |
|  | (Cost $3,897,946) |  |  |  |

---

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS – 0.0%** | **COMMON STOCKS – 0.0%** | **COMMON STOCKS – 0.0%** |
|  | **Pharmaceuticals – 0.0%** |  |
| 26696 | Akorn, Inc. (b) (f) (g) | 1068 |
|  | (Cost $306,038) |  |

---

------

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS – 4.4%** | **MONEY MARKET FUNDS – 4.4%** | **MONEY MARKET FUNDS – 4.4%** |
| 2660476 | Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 3.56% (h) | $2660476 |
|  | (Cost $2,660,476) |  |
|  | **Total Investments – 97.8%** | 59574887 |
|  | (Cost $59,876,624)  |  |
|  | **Net Other Assets and Liabilities – 2.2%** | 1336638 |
|  | **Net Assets – 100.0%** | $60911525 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) This security, sold within the terms of a private placement memorandum, is exempt
 from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the "1933 Act"), and may be resold in transactions exempt from registration, normally to qualified institutional buyers. Pursuant to procedures adopted by the Trust's Board of Trustees, this security has been determined to be liquid by First Trust Advisors L.P. (the "Advisor"). Although market instability can result in periods of increased overall market illiquidity, liquidity for each security is determined
 based on security specific factors and assumptions, which require subjective judgment. At January 31, 2026, securities noted
 as such amounted to $35,497,757 or 58.3% of net assets.

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

&nbsp;&nbsp;&nbsp;&nbsp;(c) This issuer is in default and interest is not being accrued by the Fund.

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(h) Rate shown reflects yield as of January 31, 2026.

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

---

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

---

------

**Valuation Inputs**

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

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

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

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

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

------

**First Trust Short Duration High Income Fund** 

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

A summary of the inputs used to value the Fund's investments as of January 31, 2026 is as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total**<br> **Value at**<br> **1/31/2026**<br>| &nbsp;&nbsp;&nbsp; **Level 1**<br> **Quoted**<br> **Prices**<br>| &nbsp;&nbsp;&nbsp; **Level 2**<br> **Significant**<br> **Observable**<br> **Inputs**<br>| &nbsp;&nbsp;&nbsp; **Level 3**<br> **Significant**<br> **Unobservable**<br> **Inputs**<br>|
| Corporate Bonds and Notes\* | &nbsp;&nbsp; $32834659 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $32834659 | &nbsp;&nbsp;&nbsp;&nbsp; $— |
| Senior Floating-Rate Loan Interests\* | &nbsp;&nbsp; 20142926 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20142926 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Foreign Corporate Bonds and Notes\* | &nbsp;&nbsp; 3935758 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3935758 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Common Stocks\* | &nbsp;&nbsp; 1068 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1068 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Money Market Funds | &nbsp;&nbsp; 2660476 | &nbsp;&nbsp;&nbsp;&nbsp; 2660476 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Total Investments | &nbsp;&nbsp; $59574887 | &nbsp;&nbsp;&nbsp;&nbsp; $2660476 | &nbsp;&nbsp;&nbsp;&nbsp; $56914411 | &nbsp;&nbsp;&nbsp;&nbsp; $— |

---

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

\* See Portfolio of Investments for industry breakout.

------

**Unfunded Loan Commitments**

As of January 31, 2026, the Fund had the following unfunded loan commitment, which is categorized as Level 2 within the fair value hierarchy:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Borrower** | **Principal**<br> **Value**<br>| **Commitment**<br> **Amount**<br>| **Value** | **Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br>|
| Sauer Brands, Inc. (Savor Acquisition, Inc.), Term Loan | &nbsp;&nbsp; $11626 | &nbsp;&nbsp; $11663 | &nbsp;&nbsp; $11678 | &nbsp;&nbsp; $15 |

---

------

**Restricted Securities** 

As of January 31, 2026, the Fund held a restricted security as shown in the following table that the Advisor deemed illiquid pursuant to procedures adopted by the Trust's Board of Trustees:

---

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

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Wheaton

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60187

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-30

**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:** $62930431.65

**Total Liabilities:** $2183002.51

**Net Assets:** $60747429.14

**Delayed Delivery Securities:** $74937.04

**Cash Not Reported:** $385435.54

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.22736000 | **1-Year:** 123.26039000 | **5-Year:** 269.14904000 | **10-Year:** 0.18731000 | **30-Year:** 0.00000000

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

- **3-Month:** 78.19100000 | **1-Year:** 5292.86836000 | **5-Year:** 7871.87423000 | **10-Year:** 539.67810000 | **30-Year:** 18.95424000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000118178 | 0.53%                | 0.59%                | -0.24%               |
| Class ID C000121471 | 0.47%                | 0.58%                | -0.31%               |
| Class ID C000121472 | 0.55%                | 0.61%                | -0.22%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5005.31                 | $34856.91                                  |
| Month 2  | $58464.24                | $136.52                                    |
| Month 3  | $-185340.46              | $-262557.01                                |

**Designated Index Information**

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

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                     | Title                                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SERVICE PROPERTIES TRUST                                 | Service Properties Trust                                                        | CUSIP: 81761LAB8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |     66000 | PA      | $65519.36     | 0.11%             | 2027-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Corp                                | Gainwell Acquisition Corp                                                       | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    635992 | PA      | $610284.97    | 1.00%             | 2027-10-01      | Floating      | 7.77%                 | No            |                  2 | On Loan: No      |
| Opal Bidco SAS                                           | OPAL US LLC                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    616381 | PA      | $617089.56    | 1.02%             | 2032-04-28      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| Osttra Group Ltd.                                        | ORION US FINCO                                                                  | CUSIP: 68631KAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    124028 | PA      | $124247.89    | 0.20%             | 2032-10-08      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                    | PennyMac Financial Services Inc                                                 | CUSIP: 70932MAH0<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    352000 | PA      | $355454.88    | 0.59%             | 2034-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                            | EchoStar Corp                                                                   | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    326148 | PA      | $357707.71    | 0.59%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| PETSMART LLC/PETSMART FI                                 | PetSmart LLC / PetSmart Finance Corp                                            | CUSIP: 71677KAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     66000 | PA      | $67720.69     | 0.11%             | 2032-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| X Corp (f/k/a Twitter Inc)                               | X CORP                                                                          | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    360368 | PA      | $360329.70    | 0.59%             | 2029-10-26      | Floating      | 10.45%                | No            |                  2 | On Loan: No      |
| Mavis Tire Express Services Topco Corp                   | MAVIS TIRE EXPRESS SERVICES TOPCO CORP                                          | CUSIP: 57777YAG1<br>LEI: 254900NVDM4GTLBL9E56 | Long             | LON              | CORP              | US        |    457851 | PA      | $458507.86    | 0.75%             | 2028-05-04      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                            | FirstCash Inc                                                                   | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    499000 | PA      | $519335.25    | 0.85%             | 2032-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                 | Builders FirstSource Inc                                                        | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    320000 | PA      | $331496.96    | 0.55%             | 2034-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                 | Clear Channel Outdoor Holdings Inc                                              | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     56000 | PA      | $58433.65     | 0.10%             | 2031-02-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                   | Venture Global LNG Inc                                                          | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    150000 | PA      | $158688.15    | 0.26%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                   | Cloud Software Group Inc                                                        | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    267000 | PA      | $271832.17    | 0.45%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc                                    | AMERICAN AIRLINES INC                                                           | CUSIP: 02376CAX3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    340746 | PA      | $340714.86    | 0.56%             | 2027-01-29      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                    | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    446000 | PA      | $497556.71    | 0.82%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| X.Ai Corp.                                               | XAI CORP                                                                        | CUSIP: 98402XAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    163694 | PA      | $177744.19    | 0.29%             | 2028-06-30      | Floating      | 12.50%                | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                                    | Ellucian Holdings Inc                                                           | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |    336000 | PA      | $331481.98    | 0.55%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PetsMart LLC                                             | PETSMART INC                                                                    | CUSIP: 71677HAN5<br>LEI: 894500NGJMHSFNESGA67 | Long             | LON              | CORP              | US        |    111680 | PA      | $111777.30    | 0.18%             | 2032-08-18      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                | Sunoco LP                                                                       | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    109000 | PA      | $109719.29    | 0.18%             | 2031-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC/PETSMART FI                                 | PetSmart LLC / PetSmart Finance Corp                                            | CUSIP: 71677KAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     54000 | PA      | $56236.30     | 0.09%             | 2033-09-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                    | Freedom Mortgage Holdings LLC                                                   | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    108000 | PA      | $113051.70    | 0.19%             | 2032-04-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| TRINET GROUP INC                                         | TriNet Group Inc                                                                | CUSIP: 896288AC1<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |    400000 | PA      | $412577.60    | 0.68%             | 2031-08-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Kaseya Inc.                                              | KASEYA INC                                                                      | CUSIP: 48578AAE8<br>LEI: 254900MISXMLRZ63NH46 | Long             | LON              | CORP              | US        |     14110 | PA      | $13581.08     | 0.02%             | 2033-03-05      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| Camelot US Acquisition I Co                              | CAMELOT US ACQUISITION LLC                                                      | CUSIP: 000000000<br>LEI: 549300U6VBJHQP2SFL81 | Long             | LON              | CORP              | US        |    231655 | PA      | $219782.38    | 0.36%             | 2031-01-31      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| OneDigital Borrower LLC                                  | ONEDIGITAL BORROWER LLC                                                         | CUSIP: 68252HAB0<br>LEI: 2549009GTKWWAO1E9X77 | Long             | LON              | CORP              | US        |    881117 | PA      | $888826.96    | 1.46%             | 2032-07-02      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                    | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     61000 | PA      | $63334.37     | 0.10%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GoTo Group Inc                                           | GOTO GROUP INC                                                                  | CUSIP: 38349FAC0<br>LEI: 549300D12V5KRBV00592 | Long             | LON              | CORP              | US        |    259046 | PA      | $220512.84    | 0.36%             | 2028-04-28      | Floating      | 9.65%                 | No            |                  2 | On Loan: No      |
| BELLRING BRANDS INC                                      | BellRing Brands Inc                                                             | CUSIP: 07831CAA1<br>LEI: 549300S3BOK5CMTS8054 | Long             | DBT              | CORP              | US        |    106000 | PA      | $109013.44    | 0.18%             | 2030-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FORTREA HOLDINGS INC                                     | Fortrea Holdings Inc                                                            | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |    198000 | PA      | $201681.22    | 0.33%             | 2030-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                                   | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc              | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    194000 | PA      | $183586.14    | 0.30%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                   | EquipmentShare.com Inc                                                          | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |    286000 | PA      | $301907.32    | 0.50%             | 2033-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING                                 | JH North America Holdings Inc                                                   | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |    129000 | PA      | $131533.30    | 0.22%             | 2032-07-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                    | Williams Scotsman Inc                                                           | CUSIP: 96949VAL7<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |     83000 | PA      | $86587.09     | 0.14%             | 2031-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| X.Ai Corp.                                               | XAI CORP                                                                        | CUSIP: 98402XAC9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    104475 | PA      | $106662.71    | 0.18%             | 2030-06-28      | Floating      | 11.12%                | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                       | Ardonagh Finco Ltd                                                              | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    713000 | PA      | $737504.51    | 1.21%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ZIPRECRUITER INC                                         | ZipRecruiter Inc                                                                | CUSIP: 98980BAA1<br>LEI: 549300HLOVNNFCY2IV80 | Long             | DBT              | CORP              | US        |    235000 | PA      | $163254.24    | 0.27%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SELECT MEDICAL CORP                                      | Select Medical Corp                                                             | CUSIP: 816196AV1<br>LEI: 549300X05KS0JKR8CB50 | Long             | DBT              | CORP              | US        |    356000 | PA      | $345791.20    | 0.57%             | 2032-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    856000 | PA      | $858938.65    | 1.41%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Evergreen AcqCo 1 LP                                     | EVERGREEN ACQCO 1 LP                                                            | CUSIP: 30015FAJ5<br>LEI: 549300F6POVHG3ME8T95 | Long             | LON              | CORP              | US        |     86367 | PA      | $86690.59     | 0.14%             | 2032-09-17      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                          | Star Parent Inc                                                                 | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |    394000 | PA      | $416348.47    | 0.69%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                 | iHeartCommunications Inc                                                        | CUSIP: 45174HBG1<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |    169000 | PA      | $153919.83    | 0.25%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Whatabrands LLC                                          | WHATABRANDS LLC                                                                 | CUSIP: 96244UAJ6<br>LEI: 254900HMMX4HTWIP0085 | Long             | LON              | CORP              | US        |    626694 | PA      | $626888.45    | 1.03%             | 2028-08-03      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Goosehead Insurance Holdings, LLC                        | GOOSEHEAD INSURANCE HOLD                                                        | CUSIP: 38267BAG8<br>LEI: 549300DF8P4C7IP1QR40 | Long             | LON              | CORP              | US        |    228201 | PA      | $229341.70    | 0.38%             | 2032-01-08      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| LABL INC                                                 | LABL Inc                                                                        | CUSIP: 50168QAF2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |    243000 | PA      | $111780.00    | 0.18%             | 2031-10-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Great Outdoors Group LLC                                 | GREAT OUTDOORS GROUP LLC                                                        | CUSIP: 07014QAP6<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |     81162 | PA      | $81273.66     | 0.13%             | 2032-01-23      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| PHOENIX AVIATION CAPITAL                                 | Phoenix Aviation Capital Ltd                                                    | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | IE        |    138000 | PA      | $144735.08    | 0.24%             | 2030-07-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC                                   | CACI International Inc                                                          | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |     28000 | PA      | $29086.04     | 0.05%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BALDWIN INSUR GRP/FIN                                    | Baldwin Insurance Group Holdings LLC / Baldwin Insurance Group Holdings Finance | CUSIP: 05825XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    755000 | PA      | $776886.70    | 1.28%             | 2031-05-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                                             | Magnera Corp                                                                    | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |     31000 | PA      | $29323.31     | 0.05%             | 2031-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                        | DISH Network Corp                                                               | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |    678000 | PA      | $702047.30    | 1.16%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| White Cap Supply Holdings LLC(f/k/a White Cap Buyer LLC) | WHITE CAP BUYER LLC                                                             | CUSIP: 96350TAH3<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |    281966 | PA      | $281815.11    | 0.46%             | 2029-10-19      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD US                                   | Cushman & Wakefield US Borrower LLC                                             | CUSIP: 23166MAC7<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |     74000 | PA      | $78909.01     | 0.13%             | 2031-09-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                    | QUIKRETE HOLDINGS INC                                                           | CUSIP: 74839XAK5<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    297727 | PA      | $298437.34    | 0.49%             | 2029-03-19      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| SAVOR ACQUISITION INC                                    | SAVOR ACQUISITION INC                                                           | CUSIP: 80536AAB8<br>LEI: 25490051R6ZOBEBPQ519 | Long             | LON              | CORP              | US        |    149519 | PA      | $150188.50    | 0.25%             | 2032-02-19      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                | Sunoco LP                                                                       | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    251000 | PA      | $251786.38    | 0.41%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                    | Freedom Mortgage Holdings LLC                                                   | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |     59000 | PA      | $61800.44     | 0.10%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Petco Health and Wellness Company Inc                    | Petco Health & Wellness Co Inc                                                  | CUSIP: 71601HAB2<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |    462451 | PA      | $462338.04    | 0.76%             | 2028-03-03      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC                                  | Park River Holdings Inc                                                         | CUSIP: 70082LAC1<br>LEI: 254900PGY077KWCROT75 | Long             | DBT              | CORP              | US        |     56000 | PA      | $57746.70     | 0.10%             | 2031-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                         | UWM Holdings LLC                                                                | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    312000 | PA      | $310223.92    | 0.51%             | 2031-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                            | TransDigm Inc                                                                   | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    288000 | PA      | $298144.22    | 0.49%             | 2032-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US                                 | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC   | CUSIP: 44287GAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    533000 | PA      | $551618.22    | 0.91%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                   | Cloud Software Group Inc                                                        | CUSIP: 18912UAG7<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     49000 | PA      | $47021.21     | 0.08%             | 2033-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                                   | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc              | CUSIP: 31556TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $48379.86     | 0.08%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                                    | Trivium Packaging Finance BV                                                    | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |     77000 | PA      | $82211.67     | 0.14%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                          | Gen Digital Inc                                                                 | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    121000 | PA      | $121713.17    | 0.20%             | 2033-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                 | Clear Channel Outdoor Holdings Inc                                              | CUSIP: 18453HAC0<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    182000 | PA      | $182161.62    | 0.30%             | 2028-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Akorn Operating Company LLC                              | Akorn Operating Company LLC                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26696 | NS      | $1067.84      | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Skopima Consilio Parent LLC (FKA GI Consilio)            | SKOPIMA CONSILIO PARENT LLC                                                     | CUSIP: 36171NAG1<br>LEI: 254900K3R60UMIODZD21 | Long             | LON              | CORP              | US        |    134497 | PA      | $115936.46    | 0.19%             | 2028-05-12      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC                                  | Park River Holdings Inc                                                         | CUSIP: 70082LAD9<br>LEI: 254900PGY077KWCROT75 | Long             | DBT              | CORP              | US        |    143351 | PA      | $143100.60    | 0.24%             | 2030-12-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| DG Investment Intermediate Holdings 2 Inc                | DG INVESTMENT INTERMEDI                                                         | CUSIP: 23344MAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    122503 | PA      | $123115.39    | 0.20%             | 2033-07-29      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                    | Williams Scotsman Inc                                                           | CUSIP: 96949VAN3<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31103.58     | 0.05%             | 2030-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US                                 | Sealed Air Corp/Sealed Air Corp US                                              | CUSIP: 812127AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     87000 | PA      | $90699.94     | 0.15%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS/CAN WON/MILLEN                                 | Six Flags Entertainment Corp/Canada's Wonderland Co/Millennium Operations LLC   | CUSIP: 83003AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $102118.50    | 0.17%             | 2032-01-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                                 | Sinclair Television Group Inc                                                   | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    162000 | PA      | $167664.33    | 0.28%             | 2033-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| AthenaHealth Group Inc                                   | ATHENAHEALTH GROUP INC                                                          | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |    963931 | PA      | $953188.23    | 1.57%             | 2029-02-15      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| DREAM FINDERS HOMES INC                                  | Dream Finders Homes Inc                                                         | CUSIP: 26154DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    177000 | PA      | $179451.80    | 0.30%             | 2030-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                | Block Inc                                                                       | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     54000 | PA      | $55185.72     | 0.09%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENT/SIX FLAG                                   | Six Flags Entertainment Corp /Six Flags Theme Parks Inc/ Canada's Wonderland Co | CUSIP: 83002YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    136000 | PA      | $139043.41    | 0.23%             | 2032-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| X Corp (f/k/a Twitter Inc)                               | X CORP                                                                          | CUSIP: 90184NAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    434984 | PA      | $450969.21    | 0.74%             | 2029-10-26      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| Highline AfterMarket Acquisition LLC                     | HIGHLINE AFTERMARKET ACQUISITION LLC                                            | CUSIP: 43110HAF6<br>LEI: 254900Q5W6G5KG3GHJ04 | Long             | LON              | CORP              | US        |    312904 | PA      | $314274.71    | 0.52%             | 2030-02-13      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Flash Charm Inc (fka Idera Inc)                          | IDERA INC                                                                       | CUSIP: 45168RAS2<br>LEI: 549300VQ6S3PWR8NUC48 | Long             | LON              | CORP              | US        |     75574 | PA      | $66175.49     | 0.11%             | 2029-03-02      | Floating      | 10.75%                | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                   | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCU5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $75779.07     | 0.12%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Mcafee Corp                                              | MCAFEE CORP                                                                     | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |    682106 | PA      | $606221.92    | 1.00%             | 2029-03-01      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE                                   | Ardonagh Group Finance Ltd                                                      | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |    255000 | PA      | $263154.43    | 0.43%             | 2032-02-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                            | TransDigm Inc                                                                   | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     83000 | PA      | $84620.41     | 0.14%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                         | Allied Universal Holdco LLC / Allied Universal Finance Corp                     | CUSIP: 019576AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    188000 | PA      | $195363.15    | 0.32%             | 2030-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Graham Packaging Company Inc                             | GRAHAM PACKAGING/GPC CAP                                                        | CUSIP: 000000000<br>LEI: 549300YS0ZFT826HIK72 | Long             | LON              | CORP              | US        |    305160 | PA      | $305271.56    | 0.50%             | 2033-01-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                     | Fiesta Purchaser Inc                                                            | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $192677.67    | 0.32%             | 2032-09-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Truist Insurance Holdings, LLC                           | TRUIST INSURANCE HOLDING                                                        | CUSIP: 89788VAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    310902 | PA      | $313233.67    | 0.52%             | 2032-05-06      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                             | US Foods Inc                                                                    | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    221000 | PA      | $225002.40    | 0.37%             | 2033-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                  | Jane Street Group / JSG Finance Inc                                             | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $218527.83    | 0.36%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| C&S Wholesale Grocers Inc                                | C&S WHOLESALE GROCERS INC                                                       | CUSIP: 000000000<br>LEI: 54930093F8X1FEZBGJ91 | Long             | LON              | CORP              | US        |     72429 | PA      | $71795.29     | 0.12%             | 2030-09-20      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| Avalara Inc                                              | AVALARA INC                                                                     | CUSIP: 05338KAD9<br>LEI: 549300Q16CMW239SS315 | Long             | LON              | CORP              | US        |     50198 | PA      | $49319.64     | 0.08%             | 2032-03-26      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                                 | Jones Deslauriers Insurance Management Inc                                      | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    172000 | PA      | $179948.81    | 0.30%             | 2030-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                                 | Ashton Woods USA LLC / Ashton Woods Finance Co                                  | CUSIP: 045086AR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    189000 | PA      | $190844.26    | 0.31%             | 2033-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO                                               | Opal Bidco SAS                                                                  | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    140000 | PA      | $142948.68    | 0.24%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                              | Wayfair LLC                                                                     | CUSIP: 94419NAC1<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28962.98     | 0.05%             | 2032-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                                    | Scotts Miracle-Gro Co/The                                                       | CUSIP: 810186AW6<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |    135000 | PA      | $127370.56    | 0.21%             | 2032-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                    | HUB International Ltd                                                           | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    620000 | PA      | $647220.48    | 1.07%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                          | Lamb Weston Holdings Inc                                                        | CUSIP: 513272AE4<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    159000 | PA      | $151606.61    | 0.25%             | 2032-01-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Starlight Parent LLC                                     | STARLIGHT PARENT LLC                                                            | CUSIP: 85554UAB0<br>LEI: 254900ZM34IBOK68V949 | Long             | LON              | CORP              | US        |    168604 | PA      | $156801.36    | 0.26%             | 2032-04-16      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                        | Herc Holdings Inc                                                               | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    196000 | PA      | $207523.04    | 0.34%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                           | Rocket Cos Inc                                                                  | CUSIP: 77311WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    112000 | PA      | $117105.74    | 0.19%             | 2032-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| PAYSAFE FIN PLC/PAYSAFE                                  | Paysafe Finance PLC / Paysafe Holdings US Corp                                  | CUSIP: 70452AAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    216000 | PA      | $193017.62    | 0.32%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                        | Newell Brands Inc                                                               | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     43000 | PA      | $45113.67     | 0.07%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SC GAMES HOLDIN/US FINCO                                 | Scientific Games Holdings LP/Scientific Games US FinCo Inc                      | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     81000 | PA      | $73970.05     | 0.12%             | 2030-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Star Parent Inc                                          | STAR PARENT INC                                                                 | CUSIP: 87169DAB1<br>LEI: 254900GRGCJYRMDRWT73 | Long             | LON              | CORP              | US        |     69681 | PA      | $69805.24     | 0.11%             | 2030-09-27      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                     | Fiesta Purchaser Inc                                                            | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    164000 | PA      | $168787.98    | 0.28%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Garda World Security Corporation                         | GARDA WORLD SECURITY                                                            | CUSIP: 000000000<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | LON              | CORP              | CA        |    788332 | PA      | $788332.48    | 1.30%             | 2029-02-01      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                             | MH SUB I LLC                                                                    | CUSIP: 45567YAN5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |    354291 | PA      | $322657.83    | 0.53%             | 2028-05-03      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                       | Osaic Holdings Inc                                                              | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    146000 | PA      | $151412.40    | 0.25%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Connectwise, LLC                                         | ConnectWise LLC                                                                 | CUSIP: 20786NAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    118468 | PA      | $114617.40    | 0.19%             | 2028-09-29      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| WULF COMPUTE LLC                                         | WULF Compute LLC                                                                | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    174000 | PA      | $181647.30    | 0.30%             | 2030-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| EXAMWORKS BIDCO INC                                      | EXAMWORKS BIDCO INC                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    486794 | PA      | $487669.96    | 0.80%             | 2033-01-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                                     | Alpha Generation LLC                                                            | CUSIP: 02073LAC5<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    391000 | PA      | $393773.75    | 0.65%             | 2034-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| RINGCENTRAL INC                                          | RingCentral Inc                                                                 | CUSIP: 76680RAJ6<br>LEI: 549300C8EH0H1614VE84 | Long             | DBT              | CORP              | US        |    306000 | PA      | $321516.55    | 0.53%             | 2030-08-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                                       | CP Atlas Buyer Inc                                                              | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |    178000 | PA      | $185288.92    | 0.31%             | 2030-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| PRIMO / TRITON WATER HLD                                 | Primo Water Holdings Inc / Triton Water Holdings Inc                            | CUSIP: 74168RAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     56000 | PA      | $56090.61     | 0.09%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CANPACK SA/CANPACK US                                    | Canpack SA / Canpack US LLC                                                     | CUSIP: 13806CAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     44000 | PA      | $42111.00     | 0.07%             | 2029-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                                    | Panther Escrow Issuer LLC                                                       | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    929000 | PA      | $957377.23    | 1.58%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Marcel LUX IV Sarl                                       | MARCEL BIDCO LLC                                                                | CUSIP: 000000000<br>LEI: 254900A6AL2000BPNS82 | Long             | LON              | CORP              | US        |    101845 | PA      | $101208.23    | 0.17%             | 2030-11-11      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                        | Herc Holdings Inc                                                               | CUSIP: 42704LAH7<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     13000 | PA      | $13099.97     | 0.02%             | 2031-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                       | Osaic Holdings Inc                                                              | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |     54000 | PA      | $56000.97     | 0.09%             | 2033-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                            | TransDigm Inc                                                                   | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    683000 | PA      | $695780.30    | 1.15%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                        | Post Holdings Inc                                                               | CUSIP: 737446AY0<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    267000 | PA      | $267402.83    | 0.44%             | 2036-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| INSTALLED BUILDING PRODU                                 | Installed Building Products Inc                                                 | CUSIP: 45780RAB7<br>LEI: 549300I95Y9P9YM5FI86 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25206.20     | 0.04%             | 2034-02-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                     | Neptune Bidco US Inc                                                            | CUSIP: 640695AD4<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20390.32     | 0.03%             | 2033-02-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| GATES CORPORATION/DE                                     | Gates Corp/DE                                                                   | CUSIP: 367398AA2<br>LEI: 984500F43C791F4C7894 | Long             | DBT              | CORP              | US        |     79000 | PA      | $82221.86     | 0.14%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                                    | QXO Building Products Inc                                                       | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    508000 | PA      | $523958.82    | 0.86%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US                                 | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC   | CUSIP: 44287DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    201000 | PA      | $205023.42    | 0.34%             | 2032-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                 | Snap Inc                                                                        | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |     27000 | PA      | $27725.76     | 0.05%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                | Block Inc                                                                       | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     80000 | PA      | $81467.84     | 0.13%             | 2030-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ABG Intermediate Holdings 2 LLC                          | ABG INTERMEDIATE HLDGS 2                                                        | CUSIP: 00076VBL3<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |     86813 | PA      | $86872.60     | 0.14%             | 2028-12-21      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                   | WESCO Distribution Inc                                                          | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     90000 | PA      | $93767.85     | 0.15%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                                  | Allied Universal Holdco LLC                                                     | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    129000 | PA      | $135838.03    | 0.22%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Trucordia Insurance Holdings LLC                         | TRUCORDIA                                                                       | CUSIP: 89783WAB1<br>LEI: 254900KYYP47CV7DMK95 | Long             | LON              | CORP              | US        |    109728 | PA      | $109248.74    | 0.18%             | 2032-06-17      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                                 | Performance Food Group Inc                                                      | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    160000 | PA      | $164529.27    | 0.27%             | 2032-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Parexel International Inc (f/k/a Phoenix Newco Inc)      | PAREXEL INTL CORP                                                               | CUSIP: 71911KAF1<br>LEI: 549300GCZVUYB6P2OA17 | Long             | LON              | CORP              | US        |    445453 | PA      | $446009.56    | 0.73%             | 2031-12-12      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc                                    | AADVANTAGELOYALTYIPLTD                                                          | CUSIP: 02376CBT1<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |     74207 | PA      | $74438.84     | 0.12%             | 2032-05-28      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Restoration Hardware, Inc.                               | RH                                                                              | CUSIP: 76133MAC5<br>LEI: 549300H9H1H3OC7C3H47 | Long             | LON              | CORP              | US        |     53565 | PA      | $53483.24     | 0.09%             | 2028-10-20      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                   | EquipmentShare.com Inc                                                          | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62777.70     | 0.10%             | 2028-05-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                  | UKG Inc                                                                         | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |    312000 | PA      | $311998.10    | 0.51%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                        | Newell Brands Inc                                                               | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    186000 | PA      | $182287.25    | 0.30%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MATTAMY GROUP CORP                                       | Mattamy Group Corp                                                              | CUSIP: 57701RAQ5<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |    175000 | PA      | $172074.65    | 0.28%             | 2033-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Sotera Health Holdings LLC                               | SOTERA HEALTH HLDGS LLC                                                         | CUSIP: 83600VAH4<br>LEI: 549300OVT7MBXFLOFU20 | Long             | LON              | CORP              | US        |     50578 | PA      | $50814.97     | 0.08%             | 2031-05-30      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                                           | Brink's Co/The                                                                  | CUSIP: 109696AD6<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    318000 | PA      | $331303.21    | 0.55%             | 2032-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding Inc                   | PROJECT ALPHA INTERMEDIATE HOLDING INC                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    149417 | PA      | $119533.37    | 0.20%             | 2033-05-09      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS                                  | Surgery Center Holdings Inc                                                     | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |    404000 | PA      | $407257.36    | 0.67%             | 2032-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                                     | Alpha Generation LLC                                                            | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    126000 | PA      | $130709.50    | 0.22%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                   | Venture Global LNG Inc                                                          | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    160000 | PA      | $163754.40    | 0.27%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                 | Snap Inc                                                                        | CUSIP: 83304AAM8<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    393000 | PA      | $401687.12    | 0.66%             | 2034-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Pac Dac LLC                                              | PAC AVIATION INTERNATION                                                        | CUSIP: 69450PAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    362147 | PA      | $359206.06    | 0.59%             | 2030-10-28      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| SPX FLOW INC                                             | SPX FLOW Inc                                                                    | CUSIP: 758071AA2<br>LEI: 5493003YXEKRBINIEM78 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128511.25    | 0.21%             | 2030-04-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| SAVOR ACQUISITION INC                                    | SAVOR ACQUISITION INC                                                           | CUSIP: 80536AAC6<br>LEI: 25490051R6ZOBEBPQ519 | Long             | LON              | CORP              | US        |     11626 | PA      | $11677.67     | 0.02%             | 2032-02-19      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| CONCENTRA HEALTH SERVICE                                 | Concentra Health Services Inc                                                   | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |     34000 | PA      | $35640.67     | 0.06%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                   | Acrisure LLC / Acrisure Finance Inc                                             | CUSIP: 004961AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $256483.00    | 0.42%             | 2032-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                                      | LBM Acquisition LLC                                                             | CUSIP: 52109SAB5<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |     80000 | PA      | $84349.52     | 0.14%             | 2031-06-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                 | Clarios Global LP / Clarios US Finance Co                                       | CUSIP: 18060TAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    175000 | PA      | $181241.38    | 0.30%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ProAmpac PG Borrower LLC                                 | PROAMPAC PG BORROWER LLC                                                        | CUSIP: 74274NAL7<br>LEI: 549300ZI6LTXYFEY1578 | Long             | LON              | CORP              | US        |    176840 | PA      | $177245.15    | 0.29%             | 2028-09-15      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| WH Borrower LLC                                          | WH BORROWER LLC                                                                 | CUSIP: 92942LAG6<br>LEI: 2549009H920CQUE3R944 | Long             | LON              | CORP              | US        |    172923 | PA      | $173571.24    | 0.29%             | 2032-02-20      | Floating      | 8.39%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                           | Rocket Cos Inc                                                                  | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    188000 | PA      | $195277.67    | 0.32%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| HIG Finance 2 Limited                                    | HYPERION REFINANCE SARL                                                         | CUSIP: 000000000<br>LEI: 213800R6D9EVRN5D3117 | Long             | LON              | CORP              | LU        |    346557 | PA      | $346953.61    | 0.57%             | 2030-04-18      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| GOTO GROUP INC                                           | GoTo Group Inc                                                                  | CUSIP: 38349YAB1<br>LEI: 549300D12V5KRBV00592 | Long             | DBT              | CORP              | US        |    193800 | PA      | $66376.50     | 0.11%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                    | Quikrete Holdings Inc                                                           | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    288000 | PA      | $299353.82    | 0.49%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY                                           | Ryan Specialty LLC                                                              | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |    340000 | PA      | $345834.00    | 0.57%             | 2032-08-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN                                 | Raven Acquisition Holdings LLC                                                  | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    509000 | PA      | $510733.17    | 0.84%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                                     | Taylor Morrison Communities Inc                                                 | CUSIP: 87724RAK8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |     56000 | PA      | $57508.36     | 0.09%             | 2032-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Veritiv Operating Co                                     | VERITIV OPERATING CO                                                            | CUSIP: 92338TAB2<br>LEI: 5493004G8OK5L1UTIY12 | Long             | LON              | CORP              | US        |     47108 | PA      | $46230.71     | 0.08%             | 2030-11-29      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Knowbe4, Inc.                                            | KNOWBE4 INC                                                                     | CUSIP: 49925TAD7<br>LEI: 64883ZJ0RS5039H4PN24 | Long             | LON              | CORP              | US        |    193800 | PA      | $187017.00    | 0.31%             | 2032-07-23      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Prometric Holdings Inc                                   | PROMETRIC HOLDINGS INC                                                          | CUSIP: 80358TAG1<br>LEI: 54930034OH1XQT27TX40 | Long             | LON              | CORP              | US        |     98206 | PA      | $98492.29     | 0.16%             | 2032-06-25      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                   | Acrisure LLC / Acrisure Finance Inc                                             | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    705000 | PA      | $730271.85    | 1.20%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                                 | Standard Building Solutions Inc                                                 | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    321000 | PA      | $331211.65    | 0.55%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET                                 | Smyrna Ready Mix Concrete LLC                                                   | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    251000 | PA      | $267737.94    | 0.44%             | 2031-11-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Convergint Technologies LLC                              | DG INVESTMENT INTERMEDI                                                         | CUSIP: 23344MAM0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     75997 | PA      | $76313.69     | 0.13%             | 2032-07-09      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Leia Finco US LLC                                        | LEIA FINCO US LLC                                                               | CUSIP: 52526CAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    685411 | PA      | $679773.42    | 1.12%             | 2032-10-09      | Floating      | 8.90%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN                                  | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                           | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    269000 | PA      | $274580.94    | 0.45%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WAND NEWCO 3 INC                                         | Wand NewCo 3 Inc                                                                | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |    359000 | PA      | $377667.28    | 0.62%             | 2032-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                    | Caesars Entertainment Inc                                                       | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    300000 | PA      | $292075.20    | 0.48%             | 2032-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                    | Freedom Mortgage Holdings LLC                                                   | CUSIP: 35641AAB4<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    183000 | PA      | $193708.79    | 0.32%             | 2031-05-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| Edelman Financial Engines Center LLC (The)               | EDELMAN FINANCIAL ENGINES CENTER LLC/THE                                        | CUSIP: 27943UAM8<br>LEI: 549300Z31KZXNP05U733 | Long             | LON              | CORP              | US        |    373740 | PA      | $374313.99    | 0.62%             | 2028-04-07      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Paysafe Holdings (US) Corp                               | PAYSAFE HOLDINGS(US)                                                            | CUSIP: 70451NAB2<br>LEI: 549300N8UN7DUDH51357 | Long             | LON              | CORP              | US        |     71862 | PA      | $67370.98     | 0.11%             | 2028-06-28      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| FRONERI LUX FINCO SARL                                   | Froneri Lux FinCo SARL                                                          | CUSIP: 35901MAA5<br>LEI: 9845005YBZ75E5AA3B94 | Long             | DBT              | CORP              | LU        |    356000 | PA      | $360843.78    | 0.59%             | 2032-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                                  | Avis Budget Car Rental LLC / Avis Budget Finance Inc                            | CUSIP: 053773BJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    213000 | PA      | $220610.49    | 0.36%             | 2030-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                    | Level 3 Financing Inc                                                           | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    263000 | PA      | $272629.75    | 0.45%             | 2034-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WEX INC                                                  | WEX Inc                                                                         | CUSIP: 96208TAD6<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15319.20     | 0.03%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                       | Osaic Holdings Inc                                                              | CUSIP: 00791GAD9<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31200.96     | 0.05%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                    | HUB International Ltd                                                           | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    625000 | PA      | $655081.89    | 1.08%             | 2032-01-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MSILF Treasury Portfolio                                 | MSILF Treasury Portfolio                                                        | CUSIP: 61747C582<br>LEI: 549300D1XR6GP7EZ0T47 | Long             | STIV             | RF                | US        |   2273689 | NS      | $2273689.08   | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Proofpoint Inc                                           | PROOFPOINT INC                                                                  | CUSIP: 74345HAJ0<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |    318376 | PA      | $316685.50    | 0.52%             | 2028-08-31      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| UNDER ARMOUR INC                                         | Under Armour Inc                                                                | CUSIP: 904311AD9<br>LEI: 549300D4549QKWETZ406 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56307.52     | 0.09%             | 2030-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                           | NRG Energy Inc                                                                  | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     78000 | PA      | $78553.96     | 0.13%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                     | Neptune Bidco US Inc                                                            | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |     84000 | PA      | $86317.64     | 0.14%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| Green Infrastructure Partners Inc.                       | GREEN INFRASTRUCTURE PARTNERS INC                                               | CUSIP: 000000000<br>LEI: 549300W1V7LSCKWMX505 | Long             | LON              | CORP              | CA        |    202789 | PA      | $203170.43    | 0.33%             | 2032-09-24      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                     | Neptune Bidco US Inc                                                            | CUSIP: 640695AC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    112000 | PA      | $118514.88    | 0.20%             | 2031-05-15      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                                 | Standard Building Solutions Inc                                                 | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    142000 | PA      | $145217.29    | 0.24%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                                 | Standard Building Solutions Inc                                                 | CUSIP: 853192AA0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    134000 | PA      | $133958.31    | 0.22%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                          | Fair Isaac Corp                                                                 | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    144000 | PA      | $146809.44    | 0.24%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CARPENTER TECHNOLOGY                                     | Carpenter Technology Corp                                                       | CUSIP: 144285AN3<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28448.59     | 0.05%             | 2034-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    231000 | PA      | $237722.10    | 0.39%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                    | Molina Healthcare Inc                                                           | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    710000 | PA      | $715491.85    | 1.18%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                                  | Talen Energy Supply LLC                                                         | CUSIP: 87422VAM0<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |     86000 | PA      | $87197.98     | 0.14%             | 2034-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding Inc                   | PROJECT ALPHA INTERMEDIATE HOLDING INC                                          | CUSIP: 74339DAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    100804 | PA      | $94000.44     | 0.15%             | 2030-10-28      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Gryphon Acquire NewCo LLC                                | GRYPHON DEBT MERGER SUB                                                         | CUSIP: 40054QAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    295356 | PA      | $294849.92    | 0.49%             | 2032-09-10      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC                                        | Waste Pro USA Inc                                                               | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |    461000 | PA      | $474767.77    | 0.78%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VeriFone Systems Inc                                     | VERIFONE SYSTEMS INC                                                            | CUSIP: 92346NAH2<br>LEI: 254900LTTVM8MM9RKV75 | Long             | LON              | CORP              | US        |    111891 | PA      | $103778.64    | 0.17%             | 2028-08-18      | Floating      | 9.18%                 | No            |                  2 | On Loan: No      |
| Lsf12 Crown Us Commercial Bidco, LLC                     | LSF12 CROWN US COMMERCIA                                                        | CUSIP: 50221UAE1<br>LEI: 254900FI2OCFTJ9PAJ18 | Long             | LON              | CORP              | US        |     86264 | PA      | $86533.98     | 0.14%             | 2031-12-02      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                          | Madison IAQ LLC                                                                 | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    289000 | PA      | $288822.73    | 0.48%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                                    | Six Flags Entertainment Corp                                                    | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |     62000 | PA      | $61235.84     | 0.10%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                 | Service Properties Trust                                                        | CUSIP: 81761LAE2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    351000 | PA      | $348674.37    | 0.57%             | 2032-06-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                       | Osaic Holdings Inc                                                              | CUSIP: 00791GAE7<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |     12000 | PA      | $12488.64     | 0.02%             | 2033-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                 | Warnermedia Holdings Inc                                                        | CUSIP: 55903VBU6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    379000 | PA      | $252841.70    | 0.42%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| IVC Acquisition Ltd                                      | VETSTRATEGY CANADA HOLDINGS INC                                                 | CUSIP: 000000000<br>LEI: 254900WZMD2JOGND1Z32 | Long             | LON              | CORP              | CA        |    486974 | PA      | $487765.71    | 0.80%             | 2028-12-12      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                                    | Belron UK Finance PLC                                                           | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |    327000 | PA      | $333399.81    | 0.55%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                    | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    132000 | PA      | $138432.35    | 0.23%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Albion Financing 3 SARL                                  | AGGREKO HOLDINGS INC                                                            | CUSIP: 01330EAD0<br>LEI: 213800VFJ5CIN2NUQ821 | Long             | LON              | CORP              | US        |    193174 | PA      | $192661.26    | 0.32%             | 2031-05-21      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                           | NRG Energy Inc                                                                  | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     78000 | PA      | $78850.75     | 0.13%             | 2036-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                        | Clean Harbors Inc                                                               | CUSIP: 184496AR8<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |     56000 | PA      | $57247.40     | 0.09%             | 2033-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                                 | Albion Financing 1 SARL / Aggreko Holdings Inc                                  | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     86000 | PA      | $89687.42     | 0.15%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US                                 | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC   | CUSIP: 44287DAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |     78000 | PA      | $79561.33     | 0.13%             | 2032-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                        | Herc Holdings Inc                                                               | CUSIP: 42704LAK0<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     13000 | PA      | $13073.16     | 0.02%             | 2034-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     66000 | PA      | $68406.82     | 0.11%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| EZCORP INC                                               | EZCORP Inc                                                                      | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |     59000 | PA      | $62998.61     | 0.10%             | 2032-04-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Edelman Financial Engines Center LLC (The)               | EDELMAN FINANCIAL ENGINES CENTER LLC/THE                                        | CUSIP: 27943TAC3<br>LEI: 549300Z31KZXNP05U733 | Long             | LON              | CORP              | US        |    366581 | PA      | $367651.23    | 0.61%             | 2028-10-06      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                                  | Talen Energy Supply LLC                                                         | CUSIP: 87422VAN8<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |    169000 | PA      | $173345.58    | 0.29%             | 2036-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Vista Management Holding Inc.                            | VISTA MANAGEMENT HOLDING INC                                                    | CUSIP: 92842EAB4<br>LEI: 5299005VABKD28UWHI65 | Long             | LON              | CORP              | US        |    328471 | PA      | $329907.95    | 0.54%             | 2031-04-01      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                        | Post Holdings Inc                                                               | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    335000 | PA      | $337851.86    | 0.56%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                           | Bombardier Inc                                                                  | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    168000 | PA      | $176675.86    | 0.29%             | 2033-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                                 | Graphic Packaging International LLC                                             | CUSIP: 38869AAE7<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    208000 | PA      | $210589.92    | 0.35%             | 2032-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                   | Cloud Software Group Inc                                                        | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    188000 | PA      | $187019.12    | 0.31%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                    | Tenet Healthcare Corp                                                           | CUSIP: 88033GDV9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28826.06     | 0.05%             | 2033-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                   | Cloud Software Group Inc                                                        | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    406000 | PA      | $410446.22    | 0.68%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Vestis Corporation                                       | VESTIS TL B 1L USD                                                              | CUSIP: 92550HAE3<br>LEI: 254900QDW0TA2TMFAP59 | Long             | LON              | CORP              | US        |    178771 | PA      | $167745.82    | 0.28%             | 2031-02-22      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Altice France SA                                         | NUMERICABLE US LLC                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    317237 | PA      | $322655.25    | 0.53%             | 2031-05-31      | Floating      | 10.55%                | No            |                  2 | On Loan: No      |
| LIGHTNING POWER LLC                                      | Lightning Power LLC                                                             | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |   1042000 | PA      | $1109650.81   | 1.83%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LBM Acquisition LLC                                      | LBM ACQUISITION LLC                                                             | CUSIP: 50179JAH1<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |     68913 | PA      | $66508.09     | 0.11%             | 2031-06-06      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                        | Post Holdings Inc                                                               | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    329000 | PA      | $338230.10    | 0.56%             | 2032-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GRAHAM HOLDINGS CO                                       | Graham Holdings Co                                                              | CUSIP: 384637AC8<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | DBT              | CORP              | US        |     54000 | PA      | $54395.44     | 0.09%             | 2033-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                  | Jane Street Group / JSG Finance Inc                                             | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     84000 | PA      | $85600.79     | 0.14%             | 2032-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| AHP HEALTH PARTN                                         | AHP Health Partners Inc                                                         | CUSIP: 00150LAB7<br>LEI: 549300QMM8MQ6SM5KX05 | Long             | DBT              | CORP              | US        |    270000 | PA      | $263478.16    | 0.43%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ZI TECH LLC/ZI FIN CORP                                  | ZoomInfo Technologies LLC/ZoomInfo Finance Corp                                 | CUSIP: 98981BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $54903.41     | 0.09%             | 2029-02-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CIPHER COMPUTE LLC                                       | Cipher Compute LLC                                                              | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    159000 | PA      | $164034.10    | 0.27%             | 2030-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                 | Builders FirstSource Inc                                                        | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |     61000 | PA      | $64164.62     | 0.11%             | 2035-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AECOM                                                    | AECOM                                                                           | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |     95000 | PA      | $97385.17     | 0.16%             | 2033-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                           | Gray Media Inc                                                                  | CUSIP: 389375AL0<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    285000 | PA      | $220229.65    | 0.36%             | 2030-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                                      | Clarivate Science Holdings Corp                                                 | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $236615.45    | 0.39%             | 2029-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LBM Acquisition LLC                                      | LBM ACQUISITION LLC                                                             | CUSIP: 50179JAK4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |     91575 | PA      | $91676.36     | 0.15%             | 2031-06-06      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| Project Ruby Ultimate Parent Corp                        | PROJECT RUBY ULTIMATE PARENT CORP                                               | CUSIP: 74339UBA7<br>LEI: 549300UGGIEE7YT1C741 | Long             | LON              | CORP              | US        |    672123 | PA      | $668449.54    | 1.10%             | 2028-03-10      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| Lavender Dutch Borrowerco B.V.                           | LAVENDER US HOLDCO 1 INC                                                        | CUSIP: 51944RAB8<br>LEI: 254900WC9QQXLKNE2931 | Long             | LON              | CORP              | US        |    101353 | PA      | $101817.69    | 0.17%             | 2032-12-30      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| Ensemble RCM LLC                                         | ENSEMBLE RCM LLC                                                                | CUSIP: 000000000<br>LEI: 254900PDXJVVI20WAQ37 | Long             | LON              | CORP              | US        |    314963 | PA      | $312207.44    | 0.51%             | 2033-01-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CFC Bidco 2022 Limited                                   | CFC USA 2025 LLC                                                                | CUSIP: 12531JAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     49838 | PA      | $47719.69     | 0.08%             | 2032-07-01      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| WHITE CAP SUPPLY HOLDING                                 | White Cap Supply Holdings LLC                                                   | CUSIP: 96467GAC2<br>LEI: 254900L2N0T6GULCL366 | Long             | DBT              | CORP              | US        |     24000 | PA      | $24943.15     | 0.04%             | 2030-11-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                    | Tenet Healthcare Corp                                                           | CUSIP: 88033GDW7<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70753.58     | 0.12%             | 2032-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                 | Clear Channel Outdoor Holdings Inc                                              | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    141000 | PA      | $148537.44    | 0.24%             | 2030-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                    | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     14000 | PA      | $15357.69     | 0.03%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SYNERGY INFRASTRUCTURE H                                 | Synergy Infrastructure Holdings LLC                                             | CUSIP: 87191JAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     27000 | PA      | $28232.20     | 0.05%             | 2030-12-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TK Elevator Midco Gmbh                                   | TK ELEVATOR US NEWCO INC                                                        | CUSIP: 000000000<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | US        |    424050 | PA      | $425614.63    | 0.70%             | 2030-04-30      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC                                             | ACRISURE LLC                                                                    | CUSIP: 00488PAV7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |     58067 | PA      | $57972.95     | 0.10%             | 2030-11-06      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-25

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

**Signature:** Derek Maltbie

**Name of Signer:** Derek Maltbie

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