# EDGAR Filing Document

**Accession Number:** 0001454889
**File Stem:** 0001752724-25-179350
**Filing Date:** 2025-7
**Character Count:** 1053747
**Document Hash:** 4b03c13814d110840d551787de010915
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-179350.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-179350

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SCHWAB STRATEGIC TRUST
- **CENTRAL INDEX KEY:** 0001454889

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22311
- **FILM NUMBER:** 251150890

**BUSINESS ADDRESS:**
- **STREET 1:** 211 MAIN STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** 1-415-667-7000

**MAIL ADDRESS:**
- **STREET 1:** 211 MAIN STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Schwab Strategic Trust
- **DATE OF NAME CHANGE:** 20090127

## Series and Classes Contracts Data

### Schwab High Yield Bond ETF (Series ID: S000080101)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000241773 | Schwab High Yield Bond ETF | SCYB            |

## Nport-Ex

Schwab Strategic Trust

Schwab Mortgage-Backed Securities ETF

------

**Portfolio Holdings** as of May 31, 2025 (Unaudited)

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

All securities are currently in a fixed rate coupon period based on index eligibility requirements and the fund's investment objective. The maturity date shown for all the securities is the final legal maturity.

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

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **SECURITIZED** 99.6% OF NET ASSETS | **SECURITIZED** 99.6% OF NET ASSETS | **SECURITIZED** 99.6% OF NET ASSETS |
| **Mortgage-Backed Securities Pass-Through 99.6%** | **Mortgage-Backed Securities Pass-Through 99.6%** | **Mortgage-Backed Securities Pass-Through 99.6%** |
| **Federal Home Loan Mortgage Corp.** | **Federal Home Loan Mortgage Corp.** | **Federal Home Loan Mortgage Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 08/01/36 *(a)* | 33245 | 28511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 07/01/35 to 11/01/51 *(a)* | 88902995 | 71394878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 01/01/28 to 05/01/52 *(a)* | 428793951 | 344807330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 04/01/27 to 11/01/52 *(a)* | 232400536 | 195926852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 12/01/26 to 12/01/52 *(a)* | 165738499 | 145938587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 09/01/33 to 09/01/52 *(a)* | 113934194 | 103301520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/01/33 to 11/01/54 *(a)* | 77192322 | 72446987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/01/37 to 02/01/55 *(a)* | 104297385 | 99583463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/01/33 to 03/01/55 *(a)* | 151202837 | 147549272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/01/33 to 03/01/55 *(a)* | 218125464 | 217054427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 12/01/36 to 04/01/55 *(a)* | 184261269 | 187057417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 11/01/52 to 04/01/55 *(a)* | 94288431 | 97285406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 10/01/53 to 04/01/55 *(a)* | 13863110 | 14496051 |
| **Federal National Mortgage Association** | **Federal National Mortgage Association** | **Federal National Mortgage Association** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 07/01/35 to 04/01/52 *(a)* | 117776807 | 93329802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 11/01/27 to 04/01/52 *(a)* | 476011811 | 387068440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 03/01/27 to 05/01/53 *(a)* | 404352356 | 338349146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/01/27 to 06/01/52 *(a)* | 266827942 | 234507771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 07/01/28 to 09/01/52 *(a)* | 176232413 | 160462055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/01/33 to 02/01/55 *(a)* | 173253630 | 161770642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 07/01/29 to 12/01/54 *(a)* | 104083110 | 99826665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/01/33 to 04/01/55 *(a)* | 150786953 | 147396917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 05/01/33 to 04/01/55 *(a)* | 181271463 | 180682873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 09/01/36 to 05/01/55 *(a)* | 180733455 | 183433651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 01/01/53 to 05/01/55 *(a)* | 86157979 | 88820209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 02/01/53 to 04/01/55 *(a)* | 22934823 | 23996026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 11/01/53 to 02/01/54 *(a)* | 1962113 | 2072353 |
| **Government National Mortgage Association** | **Government National Mortgage Association** | **Government National Mortgage Association** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 02/20/51 to 12/20/51 *(a)* | 4191375 | 3211979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 08/20/50 to 05/20/52 *(a)* | 163554658 | 131542164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 07/20/27 to 04/20/53 *(a)* | 162402877 | 136473278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 04/20/27 to 12/20/54 *(a)* | 162245615 | 142487380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 12/20/40 to 04/20/55 *(a)* | 131871960 | 119252184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/15/39 to 02/20/55 *(a)* | 97126688 | 90385320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/15/34 to 03/20/55 *(a)* | 123334509 | 117460986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/15/36 to 05/20/55 *(a)* | 159952168 | 155821421 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/20/52 to 05/20/55 *(a)* | 176129556 | 175424288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 11/20/52 to 05/20/55 *(a)* | 112482923 | 114012929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 12/20/52 to 04/20/55 *(a)* | 44872627 | 45892866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 11/20/52 to 09/20/54 *(a)* | 13739813 | 14158481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 01/20/54 to 02/20/54 *(a)* | 623632 | 643658 |
| **Government National Mortgage Association, TBA** | **Government National Mortgage Association, TBA** | **Government National Mortgage Association, TBA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/20/55 *(a)(b)* | 1500000 | 1374341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 06/20/55 *(a)(b)* | 1000000 | 943699 |
| **Uniform Mortgage-Backed Security, TBA** | **Uniform Mortgage-Backed Security, TBA** | **Uniform Mortgage-Backed Security, TBA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 06/15/55 *(a)(b)* | 10000000 | 8869395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 06/15/55 *(a)(b)* | 1500000 | 1415255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/55 *(a)(b)* | 2000000 | 1936573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/15/55 *(a)(b)* | 8000000 | 7921316 |
| **Total Securitized**<br> **(Cost $5,055,278,247)** | **Total Securitized**<br> **(Cost $5,055,278,247)** | **5067814764** |

---

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

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Short-Term Investments** 1.5% OF NET ASSETS | **Short-Term Investments** 1.5% OF NET ASSETS | **Short-Term Investments** 1.5% OF NET ASSETS |
| **Money Market Funds 1.5%** | **Money Market Funds 1.5%** | **Money Market Funds 1.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 4.27% *(c)*<br>| 75701372 | **75701372** |
| **Total Short-Term Investments**<br> **(Cost $75,701,372)** | **Total Short-Term Investments**<br> **(Cost $75,701,372)** | **75701372** |
| **Total Investments in Securities**<br> **(Cost $5,130,979,619)** | **Total Investments in Securities**<br> **(Cost $5,130,979,619)** | **5143516136** |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* The effective maturity may be shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls).

&nbsp;&nbsp;&nbsp;&nbsp;*(b)* Security or a portion of the security purchased on a delayed-delivery or when-issued basis.

&nbsp;&nbsp;&nbsp;&nbsp;*(c)* The rate shown is the annualized 7-day yield.

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

TBA — To-be-announced

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

------

**1**

------

Schwab Mortgage-Backed Securities ETF

**Portfolio Holdings** (Unaudited) continued

------

The following is a summary of the inputs used to value the fund's investments as of May 31, 2025 (see notes to portfolio holdings for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT<br> UNOBSERVABLE INPUTS<br> (LEVEL 3)<br>| TOTAL |
| **Assets** |  |  |  |  |
| Securitized<sup>1</sup> <br>| $— | &nbsp;&nbsp;&nbsp; $5067814764 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $5067814764 |
| Short-Term Investments<sup>1</sup> <br>| 75701372 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 75701372 |
| **Total** | **$75701372** | &nbsp;&nbsp; **$5067814764** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$5143516136** |

---

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

<sup>1</sup> As categorized in the Portfolio Holdings.

**2**

------

Schwab Strategic Trust

Schwab High Yield Bond ETF

------

**Portfolio Holdings** as of May 31, 2025 (Unaudited)

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

Most securities are currently in a fixed rate coupon period based on index eligibility requirements and the fund's investment objective. Generally, for fixed rate securities, the rate shown is the interest rate that was established when the security was issued. The fund may invest in securities not included in its index, including variable rate securities. For variable rate securities, the rate shown is the interest rate as of the report date based on each security's rate reset date. The reference rate and spread used is shown parenthetically in the security description, if available; if not, the reference rate is described in a footnote. The maturity date shown for all the securities is the final legal maturity.

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

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **CORPORATES** 97.7% OF NET ASSETS | **CORPORATES** 97.7% OF NET ASSETS | **CORPORATES** 97.7% OF NET ASSETS |
| **Agency 0.4%** | **Agency 0.4%** | **Agency 0.4%** |
| ***Owned No Guarantee 0.4%***  | ***Owned No Guarantee 0.4%***  | ***Owned No Guarantee 0.4%***  |
| **CITGO Petroleum Corp.** | **CITGO Petroleum Corp.** | **CITGO Petroleum Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 01/15/29 *(a)(b)* | 1056000 | 1074260 |
| **Electricite de France SA** | **Electricite de France SA** | **Electricite de France SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.13%, *(a)(b)(c)(d)* | 992000 | 1122079 |
| **NOVA Chemicals Corp.** | **NOVA Chemicals Corp.** | **NOVA Chemicals Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/15/29 *(a)(b)* | 653000 | 624927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 02/15/30 *(a)(b)* | 532000 | 573429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 12/01/31 *(a)(b)* | 200000 | 209298 |
| **Teine Energy Ltd.** | **Teine Energy Ltd.** | **Teine Energy Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 04/15/29 *(a)(b)* | 318000 | 313848 |
|  |  | **3917841** |
| **Financial Institutions 11.6%** | **Financial Institutions 11.6%** | **Financial Institutions 11.6%** |
| ***Banking 0.3%***  | ***Banking 0.3%***  | ***Banking 0.3%***  |
| **Ally Financial, Inc.** | **Ally Financial, Inc.** | **Ally Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 02/14/33 *(b)* | 381000 | 387703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 01/17/40 *(b)(d)* | 420000 | 403620 |
| **Dresdner Funding Trust I** | **Dresdner Funding Trust I** | **Dresdner Funding Trust I** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.15%, 06/30/31 *(a)(b)* | 806000 | 883703 |
| **Popular, Inc.** | **Popular, Inc.** | **Popular, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 03/13/28 *(b)* | 336000 | 353424 |
| **Standard Chartered PLC** | **Standard Chartered PLC** | **Standard Chartered PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.01%, *(a)(b)(c)(d)* | 600000 | 615706 |
| **Synchrony Financial** | **Synchrony Financial** | **Synchrony Financial** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 02/02/33 *(b)* | 620000 | 633998 |
| **Valley National Bancorp** | **Valley National Bancorp** | **Valley National Bancorp** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 06/15/31 *(b)(d)* | 327000 | 299569 |
|  |  | **3577723** |
| ***Brokerage/Asset Managers/Exchanges 1.2%***  | ***Brokerage/Asset Managers/Exchanges 1.2%***  | ***Brokerage/Asset Managers/Exchanges 1.2%***  |
| **Acadian Asset Management, Inc.** | **Acadian Asset Management, Inc.** | **Acadian Asset Management, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 07/27/26  | 387000 | 385280 |
| **AG Issuer LLC** | **AG Issuer LLC** | **AG Issuer LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 03/01/28 *(a)(b)* | 566000 | 566400 |
| **AG TTMT Escrow Issuer LLC** | **AG TTMT Escrow Issuer LLC** | **AG TTMT Escrow Issuer LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.63%, 09/30/27 *(a)(b)* | 405000 | 420716 |
| **Aretec Group, Inc.** | **Aretec Group, Inc.** | **Aretec Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 04/01/29 *(a)(b)* | 518000 | 517985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 08/15/30 *(a)(b)* | 513000 | 559641 |
| **Armor Holdco, Inc.** | **Armor Holdco, Inc.** | **Armor Holdco, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 11/15/29 *(a)(b)* | 298000 | 277923 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Coinbase Global, Inc.** | **Coinbase Global, Inc.** | **Coinbase Global, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 10/01/28 *(a)(b)* | 584000 | 543517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 10/01/31 *(a)(b)* | 646000 | 562757 |
| **Compass Group Diversified Holdings LLC** | **Compass Group Diversified Holdings LLC** | **Compass Group Diversified Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/15/29 *(a)(b)* | 875000 | 757807 |
| **Focus Financial Partners LLC** | **Focus Financial Partners LLC** | **Focus Financial Partners LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 09/15/31 *(a)(b)* | 733000 | 742039 |
| **HA Sustainable Infrastructure Capital, Inc.** | **HA Sustainable Infrastructure Capital, Inc.** | **HA Sustainable Infrastructure Capital, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 07/01/34 *(b)* | 825000 | 806883 |
| **Hightower Holding LLC** | **Hightower Holding LLC** | **Hightower Holding LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 04/15/29 *(a)(b)(e)* | 500000 | 493497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.13%, 01/31/30 *(a)(b)* | 283000 | 294808 |
| **Hunt Cos., Inc.** | **Hunt Cos., Inc.** | **Hunt Cos., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/15/29 *(a)(b)* | 469000 | 453099 |
| **Jane Street Group/JSG Finance, Inc.** | **Jane Street Group/JSG Finance, Inc.** | **Jane Street Group/JSG Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/15/29 *(a)(b)* | 446000 | 429940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 04/30/31 *(a)(b)* | 1140000 | 1191628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 11/01/32 *(a)(b)* | 1191000 | 1193811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 05/01/33 *(a)(b)* | 1050000 | 1077517 |
| **Jefferies Finance LLC/JFIN Co-Issuer Corp.** | **Jefferies Finance LLC/JFIN Co-Issuer Corp.** | **Jefferies Finance LLC/JFIN Co-Issuer Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/15/28 *(a)(b)* | 729000 | 691299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 10/15/31 *(a)(b)* | 370000 | 366647 |
| **Osaic Holdings, Inc.** | **Osaic Holdings, Inc.** | **Osaic Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.75%, 08/01/27 *(a)(b)* | 326000 | 328103 |
| **StoneX Group, Inc.** | **StoneX Group, Inc.** | **StoneX Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 03/01/31 *(a)(b)* | 302000 | 318300 |
| **VFH Parent LLC/Valor Co-Issuer, Inc.** | **VFH Parent LLC/Valor Co-Issuer, Inc.** | **VFH Parent LLC/Valor Co-Issuer, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 06/15/31 *(a)(b)* | 340000 | 354755 |
|  |  | **13334352** |
| ***Finance Companies 4.0%***  | ***Finance Companies 4.0%***  | ***Finance Companies 4.0%***  |
| **Azorra Finance Ltd.** | **Azorra Finance Ltd.** | **Azorra Finance Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 04/15/30 *(a)(b)* | 533000 | 534981 |
| **Bread Financial Holdings, Inc.** | **Bread Financial Holdings, Inc.** | **Bread Financial Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.75%, 03/15/29 *(a)(b)* | 750000 | 800348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 06/15/35 *(a)(b)(d)* | 364000 | 353763 |
| **Cobra AcquisitionCo LLC** | **Cobra AcquisitionCo LLC** | **Cobra AcquisitionCo LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 11/01/29 *(a)(b)* | 297000 | 251279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.25%, 11/01/29 *(a)(b)* | 200000 | 204181 |
| **Enova International, Inc.** | **Enova International, Inc.** | **Enova International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.25%, 12/15/28 *(a)(b)* | 894000 | 960025 |
| **FirstCash, Inc.** | **FirstCash, Inc.** | **FirstCash, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 09/01/28 *(a)(b)* | 475000 | 463121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 01/01/30 *(a)(b)* | 429000 | 426346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 03/01/32 *(a)(b)* | 374000 | 383821 |
| **Fortress Transportation & Infrastructure Investors LLC** | **Fortress Transportation & Infrastructure Investors LLC** | **Fortress Transportation & Infrastructure Investors LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 05/01/28 *(a)(b)* | 748000 | 742310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 12/01/30 *(a)(b)* | 598000 | 628814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 05/01/31 *(a)(b)* | 646000 | 662087 |

---

**3**

------

Schwab High Yield Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 06/15/32 *(a)(b)* | 636000 | 650646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 04/15/33 *(a)(b)* | 150000 | 144950 |
| **Freedom Mortgage Corp.** | **Freedom Mortgage Corp.** | **Freedom Mortgage Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.63%, 05/01/26 *(a)(b)* | 648000 | 647408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 01/15/27 *(a)(b)* | 446000 | 445245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.00%, 10/01/28 *(a)(b)* | 683000 | 733264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.25%, 10/01/30 *(a)(b)* | 515000 | 569650 |
| **Freedom Mortgage Holdings LLC** | **Freedom Mortgage Holdings LLC** | **Freedom Mortgage Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 02/01/29 *(a)(b)* | 720000 | 742925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.13%, 05/15/31 *(a)(b)* | 487000 | 497253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 04/01/32 *(a)(b)* | 483000 | 477401 |
| **GGAM Finance Ltd.** | **GGAM Finance Ltd.** | **GGAM Finance Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 05/15/26 *(a)(b)* | 556000 | 561692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 02/15/27 *(a)(b)* | 612000 | 630238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 06/15/28 *(a)(b)* | 410000 | 430968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 04/15/29 *(a)(b)* | 350000 | 357417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 03/15/30 *(a)(b)* | 190000 | 189525 |
| **Global Aircraft Leasing Co. Ltd.** | **Global Aircraft Leasing Co. Ltd.** | **Global Aircraft Leasing Co. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 09/01/27 *(a)(b)* | 818000 | 828213 |
| **goeasy Ltd.** | **goeasy Ltd.** | **goeasy Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 12/01/28 *(a)(b)* | 664000 | 697988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 05/15/30 *(a)(b)* | 509000 | 503104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 10/01/30 *(a)(b)* | 414000 | 413993 |
| **LD Holdings Group LLC** | **LD Holdings Group LLC** | **LD Holdings Group LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 11/01/27 *(a)(b)* | 270000 | 243475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 04/01/28 *(a)(b)* | 404000 | 330423 |
| **LFS Topco LLC** | **LFS Topco LLC** | **LFS Topco LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 10/15/26 *(a)(b)* | 196000 | 194339 |
| **Midcap Financial Issuer Trust** | **Midcap Financial Issuer Trust** | **Midcap Financial Issuer Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 05/01/28 *(a)(b)* | 693000 | 674358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 01/15/30 *(a)(b)* | 494000 | 446939 |
| **Nationstar Mortgage Holdings, Inc.** | **Nationstar Mortgage Holdings, Inc.** | **Nationstar Mortgage Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/27 *(a)(b)* | 351000 | 351295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/15/28 *(a)(b)* | 820000 | 818830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 08/01/29 *(a)(b)* | 455000 | 463758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 12/15/30 *(a)(b)* | 778000 | 778539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/15/31 *(a)(b)* | 423000 | 424015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 02/01/32 *(a)(b)* | 738000 | 769024 |
| **Navient Corp.** | **Navient Corp.** | **Navient Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 06/15/26  | 436000 | 441777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/15/27 *(b)* | 500000 | 495229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 03/15/28 *(b)* | 783000 | 764356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/15/29 *(b)* | 471000 | 453517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.50%, 03/15/31 *(b)* | 476000 | 539658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 06/15/32 *(b)* | 400000 | 403911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 08/01/33  | 858000 | 755610 |
| **OneMain Finance Corp.** | **OneMain Finance Corp.** | **OneMain Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/15/27 *(b)* | 709000 | 687416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 01/15/28 *(b)* | 692000 | 705297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 09/15/28 *(b)* | 487000 | 456998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 01/15/29 *(b)* | 684000 | 717335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 11/15/29 *(b)* | 678000 | 657457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 03/15/30 *(b)* | 545000 | 569865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 09/15/30 *(b)* | 801000 | 721478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 05/15/31 *(b)* | 679000 | 698469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 11/15/31 *(b)* | 836000 | 851256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 03/15/32 *(b)* | 560000 | 557314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 09/15/32 *(b)(f)* | 100000 | 100747 |
| **Oxford Finance LLC/Oxford Finance Co-Issuer II, Inc.** | **Oxford Finance LLC/Oxford Finance Co-Issuer II, Inc.** | **Oxford Finance LLC/Oxford Finance Co-Issuer II, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 02/01/27 *(a)(b)* | 577000 | 573502 |
| **PennyMac Financial Services, Inc.** | **PennyMac Financial Services, Inc.** | **PennyMac Financial Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/15/29 *(a)(b)* | 768000 | 729675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 12/15/29 *(a)(b)* | 634000 | 668176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 11/15/30 *(a)(b)* | 475000 | 485788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 09/15/31 *(a)(b)* | 556000 | 535909 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 05/15/32 *(a)(b)* | 725000 | 729056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 02/15/33 *(a)(b)* | 275000 | 276821 |
| **Planet Financial Group LLC** | **Planet Financial Group LLC** | **Planet Financial Group LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.50%, 12/15/29 *(a)(b)* | 450000 | 443781 |
| **PROG Holdings, Inc.** | **PROG Holdings, Inc.** | **PROG Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 11/15/29 *(a)(b)* | 440000 | 418360 |
| **Prospect Capital Corp.** | **Prospect Capital Corp.** | **Prospect Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.36%, 11/15/26 *(b)(e)* | 292000 | 275899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.44%, 10/15/28 *(b)* | 297000 | 262218 |
| **Provident Funding Associates LP/PFG Finance Corp.** | **Provident Funding Associates LP/PFG Finance Corp.** | **Provident Funding Associates LP/PFG Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.75%, 09/15/29 *(a)(b)* | 388000 | 404195 |
| **Rfna LP** | **Rfna LP** | **Rfna LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 02/15/30 *(a)(b)* | 625000 | 627018 |
| **Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.** | **Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.** | **Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 10/15/26 *(a)(b)* | 509000 | 493254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 03/01/29 *(a)(b)* | 618000 | 576969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 03/01/31 *(a)(b)* | 1049000 | 949854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/15/33 *(a)(b)* | 751000 | 649363 |
| **SLM Corp.** | **SLM Corp.** | **SLM Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 11/02/26 *(b)* | 480000 | 468868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 01/31/30 *(b)* | 350000 | 361133 |
| **TrueNoord Capital DAC** | **TrueNoord Capital DAC** | **TrueNoord Capital DAC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 03/01/30 *(a)(b)* | 325000 | 337325 |
| **United Wholesale Mortgage LLC** | **United Wholesale Mortgage LLC** | **United Wholesale Mortgage LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/15/27 *(a)(b)* | 583000 | 575034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/15/29 *(a)(b)* | 561000 | 537513 |
| **UWM Holdings LLC** | **UWM Holdings LLC** | **UWM Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 02/01/30 *(a)(b)* | 464000 | 455293 |
| **Walker & Dunlop, Inc.** | **Walker & Dunlop, Inc.** | **Walker & Dunlop, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 04/01/33 *(a)(b)* | 300000 | 304048 |
|  |  | **44144693** |
| ***Financial Other 1.1%***  | ***Financial Other 1.1%***  | ***Financial Other 1.1%***  |
| **Burford Capital Global Finance LLC** | **Burford Capital Global Finance LLC** | **Burford Capital Global Finance LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 04/15/30 *(a)(b)* | 614000 | 616099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 07/01/31 *(a)(b)* | 416000 | 443731 |
| **Credit Acceptance Corp.** | **Credit Acceptance Corp.** | **Credit Acceptance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 12/15/28 *(a)(b)* | 362000 | 383502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 03/15/30 *(a)(b)* | 516000 | 514953 |
| **Encore Capital Group, Inc.** | **Encore Capital Group, Inc.** | **Encore Capital Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 04/01/29 *(a)(b)* | 847000 | 904172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 05/15/30 *(a)(b)* | 200000 | 212190 |
| **Five Point Operating Co. LP/Five Point Capital Corp.** | **Five Point Operating Co. LP/Five Point Capital Corp.** | **Five Point Operating Co. LP/Five Point Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.50%, 01/15/28 *(a)(b)(g)* | 483989 | 493272 |
| **Greystar Real Estate Partners LLC** | **Greystar Real Estate Partners LLC** | **Greystar Real Estate Partners LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 09/01/30 *(a)(b)* | 481000 | 510727 |
| **Howard Hughes Corp.** | **Howard Hughes Corp.** | **Howard Hughes Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 08/01/28 *(a)(b)* | 502000 | 494012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 02/01/31 *(a)(b)* | 1023000 | 929944 |
| **Icahn Enterprises LP/Icahn Enterprises Finance Corp.** | **Icahn Enterprises LP/Icahn Enterprises Finance Corp.** | **Icahn Enterprises LP/Icahn Enterprises Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/15/27 *(b)* | 981000 | 934278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.75%, 01/15/29 *(b)* | 639000 | 619977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 02/01/29 *(b)* | 588000 | 480817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 11/15/29 *(a)(b)* | 370000 | 361136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 06/15/30 *(b)* | 726000 | 658827 |
| **Jefferson Capital Holdings LLC** | **Jefferson Capital Holdings LLC** | **Jefferson Capital Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 08/15/26 *(a)(b)* | 326000 | 324645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 05/15/30 *(a)(b)* | 500000 | 512181 |
| **Kennedy-Wilson, Inc.** | **Kennedy-Wilson, Inc.** | **Kennedy-Wilson, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/01/29 *(b)* | 501000 | 460964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/01/30 *(b)* | 446000 | 396238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/01/31 *(b)* | 733000 | 636226 |
| **PHH Escrow Issuer LLC/PHH Corp.** | **PHH Escrow Issuer LLC/PHH Corp.** | **PHH Escrow Issuer LLC/PHH Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.88%, 11/01/29 *(a)(b)* | 269000 | 264389 |

---

**4**

------

Schwab High Yield Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **PRA Group, Inc.** | **PRA Group, Inc.** | **PRA Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 02/01/28 *(a)(b)* | 184000 | 185725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/29 *(a)(b)* | 624000 | 560408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 01/31/30 *(a)(b)* | 293000 | 300702 |
|  |  | **12199115** |
| ***Insurance 2.8%***  | ***Insurance 2.8%***  | ***Insurance 2.8%***  |
| **Acrisure LLC/Acrisure Finance, Inc.** | **Acrisure LLC/Acrisure Finance, Inc.** | **Acrisure LLC/Acrisure Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 02/01/29 *(a)(b)* | 599000 | 619917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/15/29 *(a)(b)* | 731000 | 701122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 06/15/29 *(a)(b)* | 330000 | 345164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 08/01/29 *(a)(b)* | 686000 | 664597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 11/06/30 *(a)(b)* | 707000 | 730012 |
| **Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer** | **Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer** | **Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 10/15/27 *(a)(b)* | 557000 | 541672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 10/15/27 *(a)(b)* | 741000 | 741275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 04/15/28 *(a)(b)* | 1008000 | 1022746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 11/01/29 *(a)(b)* | 393000 | 386341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 01/15/31 *(a)(b)* | 1337000 | 1368378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 10/01/31 *(a)(b)* | 797000 | 804376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 10/01/32 *(a)(b)* | 803000 | 826395 |
| **AmWINS Group, Inc.** | **AmWINS Group, Inc.** | **AmWINS Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 02/15/29 *(a)(b)* | 565000 | 573269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 06/30/29 *(a)(b)* | 681000 | 652899 |
| **APH Somerset Investor 2 LLC/APH2 Somerset Investor 2 LLC/APH3 Somerset** <br> **Investor 2 LLC** | **APH Somerset Investor 2 LLC/APH2 Somerset Investor 2 LLC/APH3 Somerset** <br> **Investor 2 LLC** | **APH Somerset Investor 2 LLC/APH2 Somerset Investor 2 LLC/APH3 Somerset** <br> **Investor 2 LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 11/01/29 *(a)(b)* | 607000 | 601058 |
| **Ardonagh Finco Ltd.** | **Ardonagh Finco Ltd.** | **Ardonagh Finco Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 02/15/31 *(a)(b)* | 924000 | 956087 |
| **Ardonagh Group Finance Ltd.** | **Ardonagh Group Finance Ltd.** | **Ardonagh Group Finance Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 02/15/32 *(a)(b)* | 1287000 | 1330969 |
| **AssuredPartners, Inc.** | **AssuredPartners, Inc.** | **AssuredPartners, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 01/15/29 *(a)(b)* | 691000 | 693370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 02/15/32 *(a)(b)* | 532000 | 569886 |
| **Baldwin Insurance Group Holdings LLC/Baldwin Insurance Group Holdings Finance** | **Baldwin Insurance Group Holdings LLC/Baldwin Insurance Group Holdings Finance** | **Baldwin Insurance Group Holdings LLC/Baldwin Insurance Group Holdings Finance** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 05/15/31 *(a)(b)* | 600000 | 618952 |
| **BroadStreet Partners, Inc.** | **BroadStreet Partners, Inc.** | **BroadStreet Partners, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 04/15/29 *(a)(b)* | 617000 | 607978 |
| **Global Atlantic Fin Co.** | **Global Atlantic Fin Co.** | **Global Atlantic Fin Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 10/15/51 *(a)(b)(d)* | 570000 | 553042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.95%, 10/15/54 *(a)(b)(d)* | 561000 | 576921 |
| **Howden U.K. Refinance PLC/Howden U.K. Refinance 2 PLC/Howden U.S. Refinance** <br> **LLC** | **Howden U.K. Refinance PLC/Howden U.K. Refinance 2 PLC/Howden U.S. Refinance** <br> **LLC** | **Howden U.K. Refinance PLC/Howden U.K. Refinance 2 PLC/Howden U.S. Refinance** <br> **LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 02/15/31 *(a)(b)* | 707000 | 726356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 02/15/32 *(a)(b)* | 540000 | 554409 |
| **HUB International Ltd.** | **HUB International Ltd.** | **HUB International Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 12/01/29 *(a)(b)* | 697000 | 691807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 06/15/30 *(a)(b)* | 2316000 | 2413381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 01/31/32 *(a)(b)* | 1636000 | 1708351 |
| **Jones Deslauriers Insurance Management, Inc.** | **Jones Deslauriers Insurance Management, Inc.** | **Jones Deslauriers Insurance Management, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 03/15/30 *(a)(b)* | 442000 | 464458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.50%, 12/15/30 *(a)(b)* | 293000 | 314506 |
| **Liberty Mutual Group, Inc.** | **Liberty Mutual Group, Inc.** | **Liberty Mutual Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.80%, 03/07/37 *(a)* | 250000 | 283166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 12/15/51 *(a)(b)(d)* | 309000 | 297579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 02/01/61 *(a)(b)* | 1088000 | 673415 |
| **Molina Healthcare, Inc.** | **Molina Healthcare, Inc.** | **Molina Healthcare, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 06/15/28 *(a)(b)* | 597000 | 579471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 11/15/30 *(a)(b)* | 766000 | 700859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 05/15/32 *(a)(b)* | 738000 | 659581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 01/15/33 *(a)(b)* | 349000 | 348751 |
| **Panther Escrow Issuer LLC** | **Panther Escrow Issuer LLC** | **Panther Escrow Issuer LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 06/01/31 *(a)(b)* | 2195000 | 2272108 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Ryan Specialty LLC** | **Ryan Specialty LLC** | **Ryan Specialty LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 02/01/30 *(a)(b)* | 548000 | 521860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 08/01/32 *(a)(b)* | 791000 | 786674 |
| **USI, Inc.** | **USI, Inc.** | **USI, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 01/15/32 *(a)(b)* | 491000 | 515284 |
| **Wilton RE Ltd.** | **Wilton RE Ltd.** | **Wilton RE Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, *(a)(b)(c)(d)* | 292000 | 294920 |
|  |  | **31293362** |
| ***REITs 2.2%***  | ***REITs 2.2%***  | ***REITs 2.2%***  |
| **Apollo Commercial Real Estate Finance, Inc.** | **Apollo Commercial Real Estate Finance, Inc.** | **Apollo Commercial Real Estate Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 06/15/29 *(a)(b)* | 389000 | 363526 |
| **Blackstone Mortgage Trust, Inc.** | **Blackstone Mortgage Trust, Inc.** | **Blackstone Mortgage Trust, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 01/15/27 *(a)(b)* | 464000 | 448240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 12/01/29 *(a)(b)* | 215000 | 226517 |
| **Brandywine Operating Partnership LP** | **Brandywine Operating Partnership LP** | **Brandywine Operating Partnership LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 11/15/27 *(b)* | 378000 | 361071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.30%, 03/15/28 *(b)* | 484000 | 507737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 04/12/29 *(b)* | 486000 | 518005 |
| **Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC** | **Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC** | **Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/01/27 *(a)(b)* | 400000 | 388776 |
| **Diversified Healthcare Trust** | **Diversified Healthcare Trust** | **Diversified Healthcare Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/28 *(b)* | 514000 | 473509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/01/31 *(b)* | 458000 | 379528 |
| **Global Net Lease, Inc.** | **Global Net Lease, Inc.** | **Global Net Lease, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/30/28 *(a)(b)* | 444000 | 426142 |
| **Global Net Lease, Inc./Global Net Lease Operating Partnership LP** | **Global Net Lease, Inc./Global Net Lease Operating Partnership LP** | **Global Net Lease, Inc./Global Net Lease Operating Partnership LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 12/15/27 *(a)(b)* | 536000 | 509222 |
| **Hudson Pacific Properties LP** | **Hudson Pacific Properties LP** | **Hudson Pacific Properties LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 11/01/27 *(b)* | 200000 | 175171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 02/15/28 *(b)* | 432000 | 371954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 04/01/29 *(b)* | 647000 | 468882 |
| **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.** | **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.** | **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/01/27 *(a)(b)* | 588000 | 575629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 06/15/29 *(a)(b)* | 329000 | 318915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 07/15/31 *(a)(b)* | 298000 | 309227 |
| **MPT Operating Partnership LP/MPT Finance Corp.** | **MPT Operating Partnership LP/MPT Finance Corp.** | **MPT Operating Partnership LP/MPT Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/15/27 *(b)(e)* | 1014000 | 887047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 08/01/29 *(b)* | 798000 | 605561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/15/31 *(b)* | 1154000 | 758280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 02/15/32 *(a)(b)* | 1196000 | 1226832 |
| **Office Properties Income Trust** | **Office Properties Income Trust** | **Office Properties Income Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 03/15/27 *(a)(b)* | 245222 | 196534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 03/31/29 *(a)(b)* | 285000 | 271872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 09/30/29 *(a)(b)* | 632000 | 467680 |
| **Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer** | **Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer** | **Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 10/01/28 *(a)(b)* | 567000 | 559124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 05/15/29 *(a)(b)* | 609000 | 576505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 02/01/30 *(a)(b)* | 424000 | 427432 |
| **Pebblebrook Hotel LP/PEB Finance Corp.** | **Pebblebrook Hotel LP/PEB Finance Corp.** | **Pebblebrook Hotel LP/PEB Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 10/15/29 *(a)(b)* | 193000 | 192085 |
| **RHP Hotel Properties LP/RHP Finance Corp.** | **RHP Hotel Properties LP/RHP Finance Corp.** | **RHP Hotel Properties LP/RHP Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 07/15/28 *(a)(b)* | 456000 | 470455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/15/29 *(a)(b)* | 674000 | 651228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 04/01/32 *(a)(b)* | 933000 | 946421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 06/15/33 *(a)(b)* | 525000 | 534352 |
| **Rithm Capital Corp.** | **Rithm Capital Corp.** | **Rithm Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 04/01/29 *(a)(b)* | 635000 | 637228 |
| **RLJ Lodging Trust LP** | **RLJ Lodging Trust LP** | **RLJ Lodging Trust LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 07/01/26 *(a)(b)* | 364000 | 358468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 09/15/29 *(a)(b)* | 531000 | 485970 |
| **Service Properties Trust** | **Service Properties Trust** | **Service Properties Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/15/27 *(b)* | 522000 | 503984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 12/15/27 *(b)* | 478000 | 461669 |

---

**5**

------

Schwab High Yield Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 01/15/28 *(b)* | 576000 | 515077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 06/15/29 *(b)* | 603000 | 611352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 10/01/29 *(b)* | 418000 | 349585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 02/15/30 *(b)* | 298000 | 240562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.63%, 11/15/31 *(a)(b)* | 445000 | 474288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 06/15/32 *(b)* | 493000 | 493368 |
| **Starwood Property Trust, Inc.** | **Starwood Property Trust, Inc.** | **Starwood Property Trust, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 07/15/26 *(a)(b)* | 464000 | 453392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 01/15/27 *(a)(b)* | 245000 | 240810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 04/01/29 *(a)(b)* | 475000 | 494392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 04/15/30 *(a)(b)* | 324000 | 323293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 07/01/30 *(a)(b)* | 200000 | 202986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 10/15/30 *(a)(b)* | 800000 | 811600 |
| **Vornado Realty LP** | **Vornado Realty LP** | **Vornado Realty LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 06/01/26 *(b)* | 194000 | 187632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 06/01/31 *(b)* | 389000 | 334529 |
| **XHR LP** | **XHR LP** | **XHR LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 06/01/29 *(a)(b)* | 439000 | 417259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 05/15/30 *(a)(b)* | 282000 | 282953 |
|  |  | **24473856** |
|  |  | **129023101** |
| **Industrial 82.5%** | **Industrial 82.5%** | **Industrial 82.5%** |
| ***Basic Industry 6.3%***  | ***Basic Industry 6.3%***  | ***Basic Industry 6.3%***  |
| **Alcoa Nederland Holding BV** | **Alcoa Nederland Holding BV** | **Alcoa Nederland Holding BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 03/15/31 *(a)(b)* | 924000 | 959832 |
| **Algoma Steel, Inc.** | **Algoma Steel, Inc.** | **Algoma Steel, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.13%, 04/15/29 *(a)(b)* | 409000 | 354155 |
| **Alliance Resource Operating Partners LP/Alliance Resource Finance Corp.** | **Alliance Resource Operating Partners LP/Alliance Resource Finance Corp.** | **Alliance Resource Operating Partners LP/Alliance Resource Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.63%, 06/15/29 *(a)(b)* | 424000 | 443589 |
| **Alumina Pty. Ltd.** | **Alumina Pty. Ltd.** | **Alumina Pty. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 03/15/30 *(a)(b)* | 450000 | 451004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 09/15/32 *(a)(b)* | 450000 | 445359 |
| **Arsenal AIC Parent LLC** | **Arsenal AIC Parent LLC** | **Arsenal AIC Parent LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 10/01/30 *(a)(b)* | 539000 | 566693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.50%, 10/01/31 *(a)(b)* | 462000 | 515043 |
| **Ashland, Inc.** | **Ashland, Inc.** | **Ashland, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 09/01/31 *(a)(b)* | 539000 | 464834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 05/15/43 *(b)* | 311000 | 318411 |
| **ATI, Inc.** | **ATI, Inc.** | **ATI, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 12/01/27 *(b)* | 289000 | 289189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 10/01/29 *(b)* | 432000 | 419433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 08/15/30 *(b)* | 312000 | 326966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 10/01/31 *(b)* | 256000 | 247250 |
| **Avient Corp.** | **Avient Corp.** | **Avient Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 08/01/30 *(a)(b)* | 779000 | 803246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 11/01/31 *(a)(b)* | 329000 | 329721 |
| **Axalta Coating Systems Dutch Holding B BV** | **Axalta Coating Systems Dutch Holding B BV** | **Axalta Coating Systems Dutch Holding B BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 02/15/31 *(a)(b)* | 378000 | 395862 |
| **Axalta Coating Systems LLC** | **Axalta Coating Systems LLC** | **Axalta Coating Systems LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 02/15/29 *(a)(b)* | 471000 | 438727 |
| **Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV** | **Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV** | **Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 06/15/27 *(a)(b)* | 445000 | 440654 |
| **Baffinland Iron Mines Corp./Baffinland Iron Mines LP** | **Baffinland Iron Mines Corp./Baffinland Iron Mines LP** | **Baffinland Iron Mines Corp./Baffinland Iron Mines LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 07/15/26 *(a)(b)* | 545000 | 496116 |
| **Big River Steel LLC/BRS Finance Corp.** | **Big River Steel LLC/BRS Finance Corp.** | **Big River Steel LLC/BRS Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 01/31/29 *(a)(b)* | 778000 | 784321 |
| **Calderys Financing LLC** | **Calderys Financing LLC** | **Calderys Financing LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.25%, 06/01/28 *(a)(b)* | 469000 | 499969 |
| **Carpenter Technology Corp.** | **Carpenter Technology Corp.** | **Carpenter Technology Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 07/15/28 *(b)* | 259000 | 260230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.63%, 03/15/30 *(b)* | 300000 | 309596 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Cascades, Inc./Cascades USA, Inc.** | **Cascades, Inc./Cascades USA, Inc.** | **Cascades, Inc./Cascades USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 01/15/28 *(a)(b)* | 364000 | 358797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 07/15/30 *(a)(b)(f)* | 250000 | 251751 |
| **Celanese U.S. Holdings LLC** | **Celanese U.S. Holdings LLC** | **Celanese U.S. Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.40%, 08/05/26 *(b)* | 740000 | 709625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.42%, 07/15/27 *(b)(g)* | 568000 | 582725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.85%, 11/15/28 *(b)(g)* | 575000 | 595752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.58%, 07/15/29 *(b)* | 790000 | 811990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 04/15/30 *(b)* | 555000 | 559747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.05%, 11/15/30 *(b)* | 852000 | 878668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 07/15/32 *(b)* | 901000 | 922759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 04/15/33 *(b)(e)* | 857000 | 834901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.20%, 11/15/33 *(b)* | 1110000 | 1159606 |
| **Century Aluminum Co.** | **Century Aluminum Co.** | **Century Aluminum Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 04/01/28 *(a)(b)* | 207000 | 211613 |
| **Cerdia Finanz GmbH** | **Cerdia Finanz GmbH** | **Cerdia Finanz GmbH** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.38%, 10/03/31 *(a)(b)* | 677000 | 697326 |
| **Chemours Co.** | **Chemours Co.** | **Chemours Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 05/15/27 *(b)* | 394000 | 386002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/15/28 *(a)(b)* | 506000 | 453579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 11/15/29 *(a)(b)* | 579000 | 474258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 01/15/33 *(a)(b)* | 561000 | 489655 |
| **Clearwater Paper Corp.** | **Clearwater Paper Corp.** | **Clearwater Paper Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 08/15/28 *(a)(b)* | 302000 | 289183 |
| **Cleveland-Cliffs, Inc.** | **Cleveland-Cliffs, Inc.** | **Cleveland-Cliffs, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 06/01/27 *(b)* | 384000 | 378448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/01/29 *(a)(b)* | 591000 | 528859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 11/01/29 *(a)(b)* | 748000 | 696088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 04/15/30 *(a)(b)* | 615000 | 552869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 03/01/31 *(a)(b)* | 465000 | 381571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 09/15/31 *(a)(b)* | 622000 | 559946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 03/15/32 *(a)(b)* | 1021000 | 881937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 05/01/33 *(a)(b)* | 669000 | 575291 |
| **Coeur Mining, Inc.** | **Coeur Mining, Inc.** | **Coeur Mining, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 02/15/29 *(a)(b)* | 469000 | 451789 |
| **Commercial Metals Co.** | **Commercial Metals Co.** | **Commercial Metals Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 01/15/30 *(b)* | 334000 | 314861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/15/32 *(b)* | 323000 | 293923 |
| **Compass Minerals International, Inc.** | **Compass Minerals International, Inc.** | **Compass Minerals International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 12/01/27 *(a)(b)* | 371000 | 371240 |
| **Consolidated Energy Finance SA** | **Consolidated Energy Finance SA** | **Consolidated Energy Finance SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 10/15/28 *(a)(b)* | 459000 | 372865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.00%, 02/15/31 *(a)(b)* | 501000 | 459595 |
| **Constellium SE** | **Constellium SE** | **Constellium SE** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/15/29 *(a)(b)* | 555000 | 512805 |
| **Coronado Finance Pty. Ltd.** | **Coronado Finance Pty. Ltd.** | **Coronado Finance Pty. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 10/01/29 *(a)(b)* | 361000 | 268655 |
| **CVR Partners LP/CVR Nitrogen Finance Corp.** | **CVR Partners LP/CVR Nitrogen Finance Corp.** | **CVR Partners LP/CVR Nitrogen Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 06/15/28 *(a)(b)* | 452000 | 449884 |
| **Domtar Corp.** | **Domtar Corp.** | **Domtar Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 10/01/28 *(a)(b)* | 553000 | 486363 |
| **Eldorado Gold Corp.** | **Eldorado Gold Corp.** | **Eldorado Gold Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 09/01/29 *(a)(b)* | 242000 | 240655 |
| **Element Solutions, Inc.** | **Element Solutions, Inc.** | **Element Solutions, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 09/01/28 *(a)(b)* | 833000 | 800636 |
| **FMC Corp.** | **FMC Corp.** | **FMC Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.45%, 11/01/55 *(b)(d)* | 625000 | 631766 |
| **FMG Resources August 2006 Pty. Ltd.** | **FMG Resources August 2006 Pty. Ltd.** | **FMG Resources August 2006 Pty. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/15/27 *(a)(b)* | 521000 | 510858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 04/15/30 *(a)(b)* | 584000 | 584005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 04/01/31 *(a)(b)* | 920000 | 845328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 04/15/32 *(a)(b)* | 558000 | 557017 |
| **GrafTech Finance, Inc.** | **GrafTech Finance, Inc.** | **GrafTech Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 12/23/29 *(a)(b)* | 431000 | 271095 |

---

**6**

------

Schwab High Yield Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **GrafTech Global Enterprises, Inc.** | **GrafTech Global Enterprises, Inc.** | **GrafTech Global Enterprises, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.88%, 12/23/29 *(a)(b)* | 350000 | 273875 |
| **Graphic Packaging International LLC** | **Graphic Packaging International LLC** | **Graphic Packaging International LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 07/15/27 *(a)(b)* | 401000 | 396345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/15/28 *(a)(b)* | 342000 | 324691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/01/29 *(a)(b)* | 240000 | 222373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 02/01/30 *(a)(b)* | 657000 | 606238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 07/15/32 *(a)(b)* | 254000 | 254693 |
| **HB Fuller Co.** | **HB Fuller Co.** | **HB Fuller Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/15/27 *(b)* | 414000 | 407231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 10/15/28 *(b)* | 316000 | 301333 |
| **Hecla Mining Co.** | **Hecla Mining Co.** | **Hecla Mining Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 02/15/28 *(b)* | 864000 | 873712 |
| **Herens Holdco SARL** | **Herens Holdco SARL** | **Herens Holdco SARL** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/15/28 *(a)(b)* | 250000 | 219235 |
| **Hudbay Minerals, Inc.** | **Hudbay Minerals, Inc.** | **Hudbay Minerals, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 04/01/29 *(a)(b)* | 412000 | 413354 |
| **IAMGOLD Corp.** | **IAMGOLD Corp.** | **IAMGOLD Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 10/15/28 *(a)(b)* | 388000 | 384795 |
| **Illuminate Buyer LLC/Illuminate Holdings IV, Inc.** | **Illuminate Buyer LLC/Illuminate Holdings IV, Inc.** | **Illuminate Buyer LLC/Illuminate Holdings IV, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 07/01/28 *(a)(b)* | 354000 | 355428 |
| **INEOS Finance PLC** | **INEOS Finance PLC** | **INEOS Finance PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 05/15/28 *(a)(b)* | 668000 | 654713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 04/15/29 *(a)(b)* | 275000 | 270516 |
| **INEOS Quattro Finance 2 PLC** | **INEOS Quattro Finance 2 PLC** | **INEOS Quattro Finance 2 PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.63%, 03/15/29 *(a)(b)* | 350000 | 348694 |
| **Infrabuild Australia Pty. Ltd.** | **Infrabuild Australia Pty. Ltd.** | **Infrabuild Australia Pty. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 14.50%, 11/15/28 *(a)(b)* | 296000 | 308665 |
| **Ingevity Corp.** | **Ingevity Corp.** | **Ingevity Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 11/01/28 *(a)(b)* | 484000 | 455310 |
| **Innophos Holdings, Inc.** | **Innophos Holdings, Inc.** | **Innophos Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.50%, 06/15/29 *(a)(b)* | 422000 | 425642 |
| **JW Aluminum Continuous Cast Co.** | **JW Aluminum Continuous Cast Co.** | **JW Aluminum Continuous Cast Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.25%, 04/01/30 *(a)(b)* | 250000 | 247992 |
| **Kaiser Aluminum Corp.** | **Kaiser Aluminum Corp.** | **Kaiser Aluminum Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/01/28 *(a)(b)* | 390000 | 379331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 06/01/31 *(a)(b)* | 412000 | 378872 |
| **LSB Industries, Inc.** | **LSB Industries, Inc.** | **LSB Industries, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 10/15/28 *(a)(b)* | 597000 | 591529 |
| **Magnera Corp.** | **Magnera Corp.** | **Magnera Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/15/29 *(a)(b)* | 325000 | 275813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 11/15/31 *(a)(b)* | 596000 | 545763 |
| **Mativ Holdings, Inc.** | **Mativ Holdings, Inc.** | **Mativ Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 10/01/29 *(a)(b)* | 395000 | 337480 |
| **Mercer International, Inc.** | **Mercer International, Inc.** | **Mercer International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.88%, 10/01/28 *(a)(b)* | 307000 | 305721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 02/01/29 *(b)* | 691000 | 549991 |
| **Methanex Corp.** | **Methanex Corp.** | **Methanex Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 10/15/27 *(b)* | 559000 | 554597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 12/15/29 *(b)* | 484000 | 469776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 12/01/44 *(b)* | 448000 | 344907 |
| **Methanex U.S. Operations, Inc.** | **Methanex U.S. Operations, Inc.** | **Methanex U.S. Operations, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 03/15/32 *(a)(b)* | 424000 | 410704 |
| **Mineral Resources Ltd.** | **Mineral Resources Ltd.** | **Mineral Resources Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 05/01/27 *(a)(b)* | 498000 | 498824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 11/01/27 *(a)(b)* | 540000 | 539974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 10/01/28 *(a)(b)* | 925000 | 944925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 05/01/30 *(a)(b)* | 463000 | 459022 |
| **Minerals Technologies, Inc.** | **Minerals Technologies, Inc.** | **Minerals Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/28 *(a)(b)* | 537000 | 522141 |
| **New Gold, Inc.** | **New Gold, Inc.** | **New Gold, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 04/01/32 *(a)(b)* | 300000 | 306715 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Novelis Corp.** | **Novelis Corp.** | **Novelis Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 11/15/26 *(a)(b)* | 837000 | 821620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/30/30 *(a)(b)* | 1398000 | 1329994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 01/30/30 *(a)(b)* | 561000 | 578873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 08/15/31 *(a)(b)* | 584000 | 519671 |
| **Nufarm Australia Ltd./Nufarm Americas, Inc.** | **Nufarm Australia Ltd./Nufarm Americas, Inc.** | **Nufarm Australia Ltd./Nufarm Americas, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/27/30 *(a)(b)* | 386000 | 354500 |
| **OCI NV** | **OCI NV** | **OCI NV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 03/16/33 *(a)(b)* | 491000 | 537194 |
| **Olin Corp.** | **Olin Corp.** | **Olin Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 08/01/29 *(b)* | 434000 | 425119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/01/30 *(b)* | 602000 | 570285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 04/01/33 *(a)(b)* | 636000 | 609553 |
| **Olympus Water U.S. Holding Corp.** | **Olympus Water U.S. Holding Corp.** | **Olympus Water U.S. Holding Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 10/01/27 *(a)(b)* | 413000 | 420288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 10/01/28 *(a)(b)* | 419000 | 395246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.75%, 11/15/28 *(a)(b)* | 796000 | 835574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 10/01/29 *(a)(b)(e)* | 655000 | 608560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 06/15/31 *(a)(b)* | 377000 | 377292 |
| **Perenti Finance Pty. Ltd.** | **Perenti Finance Pty. Ltd.** | **Perenti Finance Pty. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 04/26/29 *(a)(b)* | 306000 | 315618 |
| **Rain Carbon, Inc.** | **Rain Carbon, Inc.** | **Rain Carbon, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.25%, 09/01/29 *(a)(b)* | 353000 | 368231 |
| **SCIH Salt Holdings, Inc.** | **SCIH Salt Holdings, Inc.** | **SCIH Salt Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 05/01/28 *(a)(b)* | 551000 | 535286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 05/01/29 *(a)(b)(e)* | 618000 | 606857 |
| **SCIL IV LLC/SCIL USA Holdings LLC** | **SCIL IV LLC/SCIL USA Holdings LLC** | **SCIL IV LLC/SCIL USA Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 11/01/26 *(a)(b)* | 444000 | 442053 |
| **SK Invictus Intermediate II SARL** | **SK Invictus Intermediate II SARL** | **SK Invictus Intermediate II SARL** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/30/29 *(a)(b)* | 604000 | 574367 |
| **SNF Group SACA** | **SNF Group SACA** | **SNF Group SACA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 03/15/27 *(a)(b)* | 184000 | 176819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 03/15/30 *(a)(b)* | 491000 | 448902 |
| **SunCoke Energy, Inc.** | **SunCoke Energy, Inc.** | **SunCoke Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 06/30/29 *(a)(b)* | 624000 | 574103 |
| **Taseko Mines Ltd.** | **Taseko Mines Ltd.** | **Taseko Mines Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 05/01/30 *(a)(b)* | 605000 | 622351 |
| **TMS International Corp.** | **TMS International Corp.** | **TMS International Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 04/15/29 *(a)(b)* | 353000 | 329592 |
| **Tronox, Inc.** | **Tronox, Inc.** | **Tronox, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/15/29 *(a)(b)* | 809000 | 677216 |
| **U.S. Steel Corp.** | **U.S. Steel Corp.** | **U.S. Steel Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 03/01/29 *(b)* | 513000 | 517918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 06/01/37  | 334000 | 346213 |
| **Vallourec SACA** | **Vallourec SACA** | **Vallourec SACA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 04/15/32 *(a)(b)* | 468000 | 488911 |
| **Veritiv Operating Co.** | **Veritiv Operating Co.** | **Veritiv Operating Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.50%, 11/30/30 *(a)(b)* | 622000 | 662340 |
| **Vibrantz Technologies, Inc.** | **Vibrantz Technologies, Inc.** | **Vibrantz Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 02/15/30 *(a)(b)* | 626000 | 441871 |
| **Windsor Holdings III LLC** | **Windsor Holdings III LLC** | **Windsor Holdings III LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 06/15/30 *(a)(b)* | 601000 | 636680 |
| **WR Grace Holdings LLC** | **WR Grace Holdings LLC** | **WR Grace Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 06/15/27 *(a)(b)* | 785000 | 774958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 08/15/29 *(a)(b)* | 720000 | 635055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 03/01/31 *(a)(b)* | 380000 | 384170 |
|  |  | **69310686** |
| ***Capital Goods 10.9%***  | ***Capital Goods 10.9%***  | ***Capital Goods 10.9%***  |
| **AAR Escrow Issuer LLC** | **AAR Escrow Issuer LLC** | **AAR Escrow Issuer LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 03/15/29 *(a)(b)* | 593000 | 608113 |
| **ACProducts Holdings, Inc.** | **ACProducts Holdings, Inc.** | **ACProducts Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 05/15/29 *(a)(b)* | 503000 | 185256 |

---

**7**

------

Schwab High Yield Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Advanced Drainage Systems, Inc.** | **Advanced Drainage Systems, Inc.** | **Advanced Drainage Systems, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/30/27 *(a)(b)* | 450000 | 445115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 06/15/30 *(a)(b)* | 571000 | 578441 |
| **Alta Equipment Group, Inc.** | **Alta Equipment Group, Inc.** | **Alta Equipment Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 06/01/29 *(a)(b)(e)* | 434000 | 379580 |
| **American Builders & Contractors Supply Co., Inc.** | **American Builders & Contractors Supply Co., Inc.** | **American Builders & Contractors Supply Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/15/28 *(a)(b)* | 388000 | 374850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 11/15/29 *(a)(b)* | 507000 | 472684 |
| **AmeriTex HoldCo Intermediate LLC** | **AmeriTex HoldCo Intermediate LLC** | **AmeriTex HoldCo Intermediate LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.25%, 10/15/28 *(a)(b)* | 451000 | 479090 |
| **Amsted Industries, Inc.** | **Amsted Industries, Inc.** | **Amsted Industries, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 05/15/30 *(a)(b)* | 624000 | 605858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 03/15/33 *(a)(b)* | 150000 | 152370 |
| **Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC** | **Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC** | **Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/15/27 *(a)(b)* | 1002000 | 1005149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 09/01/29 *(a)(b)* | 999000 | 887355 |
| **Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.** | **Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.** | **Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 08/15/26 *(a)(b)* | 424000 | 385840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/15/27 *(a)(b)* | 1065000 | 485549 |
| **Atkore, Inc.** | **Atkore, Inc.** | **Atkore, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/01/31 *(a)(b)* | 505000 | 459065 |
| **ATS Corp.** | **ATS Corp.** | **ATS Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 12/15/28 *(a)(b)* | 417000 | 392987 |
| **Axon Enterprise, Inc.** | **Axon Enterprise, Inc.** | **Axon Enterprise, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 03/15/30 *(a)(b)* | 750000 | 766800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 03/15/33 *(a)(b)* | 550000 | 559393 |
| **Ball Corp.** | **Ball Corp.** | **Ball Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 03/15/28 *(b)* | 892000 | 914126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/15/29 *(b)* | 498000 | 508485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 08/15/30 *(b)* | 1099000 | 974862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 09/15/31 *(b)* | 559000 | 490645 |
| **BlueLinx Holdings, Inc.** | **BlueLinx Holdings, Inc.** | **BlueLinx Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 11/15/29 *(a)(b)* | 286000 | 269445 |
| **Boise Cascade Co.** | **Boise Cascade Co.** | **Boise Cascade Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 07/01/30 *(a)(b)* | 357000 | 345494 |
| **Bombardier, Inc.** | **Bombardier, Inc.** | **Bombardier, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 04/15/27 *(a)(b)* | 25000 | 25131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 02/15/28 *(a)(b)* | 1069000 | 1068969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 02/01/29 *(a)(b)* | 664000 | 687760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 11/15/30 *(a)(b)* | 714000 | 767234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 07/01/31 *(a)(b)* | 828000 | 854911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 06/01/32 *(a)(b)* | 723000 | 740327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 06/15/33 *(a)(b)* | 400000 | 406104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.45%, 05/01/34 *(a)* | 200000 | 212263 |
| **Builders FirstSource, Inc.** | **Builders FirstSource, Inc.** | **Builders FirstSource, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/01/30 *(a)(b)* | 485000 | 470040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/01/32 *(a)(b)* | 854000 | 775457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 06/15/32 *(a)(b)* | 608000 | 614176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 03/01/34 *(a)(b)* | 630000 | 628476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 05/15/35 *(b)* | 650000 | 654511 |
| **BWX Technologies, Inc.** | **BWX Technologies, Inc.** | **BWX Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 06/30/28 *(a)(b)* | 374000 | 364238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 04/15/29 *(a)(b)* | 521000 | 499539 |
| **Camelot Return Merger Sub, Inc.** | **Camelot Return Merger Sub, Inc.** | **Camelot Return Merger Sub, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 08/01/28 *(a)(b)* | 626000 | 554564 |
| **Chart Industries, Inc.** | **Chart Industries, Inc.** | **Chart Industries, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 01/01/30 *(a)(b)* | 910000 | 950996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.50%, 01/01/31 *(a)(b)* | 849000 | 905299 |
| **Clean Harbors, Inc.** | **Clean Harbors, Inc.** | **Clean Harbors, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 07/15/27 *(a)(b)* | 400000 | 396460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 07/15/29 *(a)(b)* | 307000 | 301900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 02/01/31 *(a)(b)* | 461000 | 469409 |
| **Clydesdale Acquisition Holdings, Inc.** | **Clydesdale Acquisition Holdings, Inc.** | **Clydesdale Acquisition Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 04/15/29 *(a)(b)* | 400000 | 403715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 01/15/30 *(a)(b)* | 453000 | 459931 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 04/15/30 *(a)(b)* | 817000 | 836151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 04/15/32 *(a)(b)* | 1100000 | 1112461 |
| **Cornerstone Building Brands, Inc.** | **Cornerstone Building Brands, Inc.** | **Cornerstone Building Brands, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 01/15/29 *(a)(b)* | 261000 | 190908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.50%, 08/15/29 *(a)(b)* | 385000 | 342438 |
| **CP Atlas Buyer, Inc.** | **CP Atlas Buyer, Inc.** | **CP Atlas Buyer, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 12/01/28 *(a)(b)(e)* | 523000 | 434689 |
| **Crown Americas LLC** | **Crown Americas LLC** | **Crown Americas LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/01/30 *(b)* | 521000 | 519431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 06/01/33 *(a)(b)* | 575000 | 571517 |
| **Crown Americas LLC/Crown Americas Capital Corp. V** | **Crown Americas LLC/Crown Americas Capital Corp. V** | **Crown Americas LLC/Crown Americas Capital Corp. V** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/30/26 *(b)* | 417000 | 412836 |
| **Crown Cork & Seal Co., Inc.** | **Crown Cork & Seal Co., Inc.** | **Crown Cork & Seal Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 12/15/26  | 201000 | 207427 |
| **Efesto Bidco SpA Efesto U.S. LLC** | **Efesto Bidco SpA Efesto U.S. LLC** | **Efesto Bidco SpA Efesto U.S. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 02/15/32 *(a)(b)* | 625000 | 629609 |
| **EMRLD Borrower LP/Emerald Co-Issuer, Inc.** | **EMRLD Borrower LP/Emerald Co-Issuer, Inc.** | **EMRLD Borrower LP/Emerald Co-Issuer, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 12/15/30 *(a)(b)* | 1956000 | 1978227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 07/15/31 *(a)(b)* | 578000 | 591988 |
| **EnerSys** | **EnerSys** | **EnerSys** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 01/15/32 *(a)(b)* | 396000 | 404705 |
| **Enpro, Inc.** | **Enpro, Inc.** | **Enpro, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 10/15/26 *(b)* | 239000 | 239140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 06/01/33 *(a)(b)* | 375000 | 378727 |
| **Enviri Corp.** | **Enviri Corp.** | **Enviri Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/31/27 *(a)(b)* | 554000 | 545089 |
| **EquipmentShare.com, Inc.** | **EquipmentShare.com, Inc.** | **EquipmentShare.com, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 05/15/28 *(a)(b)* | 577000 | 599725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.63%, 05/15/32 *(a)(b)* | 587000 | 616292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 03/15/33 *(a)(b)* | 490000 | 503843 |
| **Esab Corp.** | **Esab Corp.** | **Esab Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 04/15/29 *(a)(b)* | 294000 | 299321 |
| **Foundation Building Materials, Inc.** | **Foundation Building Materials, Inc.** | **Foundation Building Materials, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 03/01/29 *(a)(b)(e)* | 492000 | 419550 |
| **FXI Holdings, Inc.** | **FXI Holdings, Inc.** | **FXI Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.25%, 11/15/26 *(a)(b)* | 1026000 | 905781 |
| **Gates Corp.** | **Gates Corp.** | **Gates Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 07/01/29 *(a)(b)* | 256000 | 262658 |
| **GFL Environmental, Inc.** | **GFL Environmental, Inc.** | **GFL Environmental, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 08/01/28 *(a)(b)* | 637000 | 612854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 06/15/29 *(a)(b)* | 643000 | 627730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 08/15/29 *(a)(b)* | 568000 | 545927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 01/15/31 *(a)(b)* | 807000 | 838109 |
| **Goat Holdco LLC** | **Goat Holdco LLC** | **Goat Holdco LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 02/01/32 *(a)(b)* | 483000 | 481491 |
| **Graham Packaging Co., Inc.** | **Graham Packaging Co., Inc.** | **Graham Packaging Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 08/15/28 *(a)(b)* | 591000 | 580777 |
| **Griffon Corp.** | **Griffon Corp.** | **Griffon Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/01/28 *(b)* | 897000 | 892209 |
| **GYP Holdings III Corp.** | **GYP Holdings III Corp.** | **GYP Holdings III Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 05/01/29 *(a)(b)* | 401000 | 385510 |
| **H&E Equipment Services, Inc.** | **H&E Equipment Services, Inc.** | **H&E Equipment Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 12/15/28 *(a)(b)* | 631000 | 636237 |
| **Herc Holdings Escrow, Inc.** | **Herc Holdings Escrow, Inc.** | **Herc Holdings Escrow, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 06/15/30 *(a)(b)* | 1375000 | 1417420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 06/15/33 *(a)(b)* | 900000 | 926912 |
| **Herc Holdings, Inc.** | **Herc Holdings, Inc.** | **Herc Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 07/15/27 *(a)(b)* | 1159000 | 1151291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 06/15/29 *(a)(b)* | 563000 | 570695 |
| **Husky Injection Molding Systems Ltd./Titan Co-Borrower LLC** | **Husky Injection Molding Systems Ltd./Titan Co-Borrower LLC** | **Husky Injection Molding Systems Ltd./Titan Co-Borrower LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 02/15/29 *(a)(b)* | 494000 | 505490 |
| **Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC** | **Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC** | **Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 09/15/28 *(a)(b)* | 585000 | 586277 |

---

**8**

------

Schwab High Yield Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Interface, Inc.** | **Interface, Inc.** | **Interface, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 12/01/28 *(a)(b)* | 429000 | 423556 |
| **Iris Holding, Inc.** | **Iris Holding, Inc.** | **Iris Holding, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 12/15/28 *(a)(b)* | 324000 | 285876 |
| **JELD-WEN, Inc.** | **JELD-WEN, Inc.** | **JELD-WEN, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 12/15/27 *(a)(b)* | 457000 | 399466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 09/01/32 *(b)(e)* | 288000 | 213195 |
| **Knife River Corp.** | **Knife River Corp.** | **Knife River Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 05/01/31 *(a)(b)* | 482000 | 504828 |
| **LABL, Inc.** | **LABL, Inc.** | **LABL, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.50%, 07/15/27 *(a)(b)(e)* | 527000 | 500878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 11/01/28 *(a)(b)* | 441000 | 376773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.50%, 11/01/28 *(a)(b)* | 312000 | 281369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 11/01/29 *(a)(b)(e)* | 361000 | 292184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.63%, 10/01/31 *(a)(b)* | 745000 | 617424 |
| **LBM Acquisition LLC** | **LBM Acquisition LLC** | **LBM Acquisition LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 01/15/29 *(a)(b)* | 561000 | 451075 |
| **Louisiana-Pacific Corp.** | **Louisiana-Pacific Corp.** | **Louisiana-Pacific Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 03/15/29 *(a)(b)* | 438000 | 414024 |
| **Madison IAQ LLC** | **Madison IAQ LLC** | **Madison IAQ LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 06/30/28 *(a)(b)* | 484000 | 466169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 06/30/29 *(a)(b)* | 866000 | 838423 |
| **Manitowoc Co., Inc.** | **Manitowoc Co., Inc.** | **Manitowoc Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 10/01/31 *(a)(b)* | 336000 | 350526 |
| **Masterbrand, Inc.** | **Masterbrand, Inc.** | **Masterbrand, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 07/15/32 *(a)(b)* | 373000 | 371410 |
| **Mauser Packaging Solutions Holding Co.** | **Mauser Packaging Solutions Holding Co.** | **Mauser Packaging Solutions Holding Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 04/15/27 *(a)(b)* | 2087000 | 2109406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 04/15/27 *(a)(b)* | 1116000 | 1100298 |
| **Maxim Crane Works Holdings Capital LLC** | **Maxim Crane Works Holdings Capital LLC** | **Maxim Crane Works Holdings Capital LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.50%, 09/01/28 *(a)(b)* | 406000 | 416493 |
| **Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC** | **Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC** | **Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 04/01/32 *(a)(b)* | 269000 | 271193 |
| **MIWD Holdco II LLC/MIWD Finance Corp.** | **MIWD Holdco II LLC/MIWD Finance Corp.** | **MIWD Holdco II LLC/MIWD Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/01/30 *(a)(b)* | 700000 | 647108 |
| **Moog, Inc.** | **Moog, Inc.** | **Moog, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 12/15/27 *(a)(b)* | 570000 | 552557 |
| **Mueller Water Products, Inc.** | **Mueller Water Products, Inc.** | **Mueller Water Products, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/15/29 *(a)(b)* | 591000 | 561162 |
| **NESCO Holdings II, Inc.** | **NESCO Holdings II, Inc.** | **NESCO Holdings II, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/15/29 *(a)(b)* | 877000 | 826958 |
| **New Enterprise Stone & Lime Co., Inc.** | **New Enterprise Stone & Lime Co., Inc.** | **New Enterprise Stone & Lime Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/15/28 *(a)(b)* | 423000 | 415424 |
| **OI European Group BV** | **OI European Group BV** | **OI European Group BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/30 *(a)(b)* | 450000 | 424087 |
| **Oscar AcquisitionCo LLC/Oscar Finance, Inc.** | **Oscar AcquisitionCo LLC/Oscar Finance, Inc.** | **Oscar AcquisitionCo LLC/Oscar Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.50%, 04/15/30 *(a)(b)* | 489000 | 392628 |
| **Owens-Brockway Glass Container, Inc.** | **Owens-Brockway Glass Container, Inc.** | **Owens-Brockway Glass Container, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 05/13/27 *(a)(b)* | 554000 | 554650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 05/15/31 *(a)(b)* | 528000 | 529562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 06/01/32 *(a)(b)* | 309000 | 307900 |
| **Park River Holdings, Inc.** | **Park River Holdings, Inc.** | **Park River Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 02/01/29 *(a)(b)* | 271000 | 219156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 08/01/29 *(a)(b)* | 316000 | 252905 |
| **Patrick Industries, Inc.** | **Patrick Industries, Inc.** | **Patrick Industries, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/01/29 *(a)(b)* | 383000 | 368751 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 11/01/32 *(a)(b)* | 473000 | 466653 |
| **Quikrete Holdings, Inc.** | **Quikrete Holdings, Inc.** | **Quikrete Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 03/01/32 *(a)(b)* | 2650000 | 2694737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 03/01/33 *(a)(b)* | 1000000 | 1015551 |
| **QXO Building Products, Inc.** | **QXO Building Products, Inc.** | **QXO Building Products, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 04/30/32 *(a)(b)* | 1825000 | 1875826 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **RB Global Holdings, Inc.** | **RB Global Holdings, Inc.** | **RB Global Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 03/15/28 *(a)(b)* | 446000 | 456060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 03/15/31 *(a)(b)* | 459000 | 481056 |
| **Resideo Funding, Inc.** | **Resideo Funding, Inc.** | **Resideo Funding, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 09/01/29 *(a)(b)* | 390000 | 362103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 07/15/32 *(a)(b)* | 368000 | 371487 |
| **Reworld Holding Corp.** | **Reworld Holding Corp.** | **Reworld Holding Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 12/01/29 *(a)(b)* | 620000 | 587539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/30 *(b)* | 350000 | 327118 |
| **Roller Bearing Co. of America, Inc.** | **Roller Bearing Co. of America, Inc.** | **Roller Bearing Co. of America, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 10/15/29 *(a)(b)* | 256000 | 244713 |
| **Sealed Air Corp.** | **Sealed Air Corp.** | **Sealed Air Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 12/01/27 *(a)(b)* | 621000 | 602740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/15/29 *(a)(b)* | 317000 | 311468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 07/15/32 *(a)(b)* | 309000 | 316710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 07/15/33 *(a)* | 314000 | 329175 |
| **Sealed Air Corp./Sealed Air Corp. U.S.** | **Sealed Air Corp./Sealed Air Corp. U.S.** | **Sealed Air Corp./Sealed Air Corp. U.S.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 02/01/28 *(a)(b)* | 561000 | 567627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 02/15/31 *(a)(b)* | 441000 | 461367 |
| **Silgan Holdings, Inc.** | **Silgan Holdings, Inc.** | **Silgan Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 02/01/28 *(b)* | 461000 | 448090 |
| **Smyrna Ready Mix Concrete LLC** | **Smyrna Ready Mix Concrete LLC** | **Smyrna Ready Mix Concrete LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 11/01/28 *(a)(b)* | 621000 | 612420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 11/15/31 *(a)(b)* | 1082000 | 1112048 |
| **Specialty Building Products Holdings LLC/SBP Finance Corp.** | **Specialty Building Products Holdings LLC/SBP Finance Corp.** | **Specialty Building Products Holdings LLC/SBP Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 10/15/29 *(a)(b)* | 559000 | 536018 |
| **Spirit AeroSystems, Inc.** | **Spirit AeroSystems, Inc.** | **Spirit AeroSystems, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 06/15/26 *(b)* | 403000 | 397251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 06/15/28 *(b)* | 462000 | 450814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.38%, 11/30/29 *(a)(b)* | 1053000 | 1122553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.75%, 11/15/30 *(a)(b)* | 794000 | 877779 |
| **SPX FLOW, Inc.** | **SPX FLOW, Inc.** | **SPX FLOW, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 04/01/30 *(a)(b)* | 504000 | 519197 |
| **Standard Building Solutions, Inc.** | **Standard Building Solutions, Inc.** | **Standard Building Solutions, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 08/15/32 *(a)(b)* | 654000 | 664629 |
| **Standard Industries, Inc.** | **Standard Industries, Inc.** | **Standard Industries, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/15/27 *(a)(b)* | 597000 | 593307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/28 *(a)(b)* | 959000 | 942280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 07/15/30 *(a)(b)* | 1605000 | 1507464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 01/15/31 *(a)(b)* | 802000 | 710271 |
| **Terex Corp.** | **Terex Corp.** | **Terex Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/15/29 *(a)(b)* | 566000 | 545765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 10/15/32 *(a)(b)* | 687000 | 676138 |
| **Titan International, Inc.** | **Titan International, Inc.** | **Titan International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 04/30/28 *(b)* | 484000 | 475689 |
| **TK Elevator U.S. Newco, Inc.** | **TK Elevator U.S. Newco, Inc.** | **TK Elevator U.S. Newco, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/15/27 *(a)(b)* | 1045000 | 1035759 |
| **TransDigm, Inc.** | **TransDigm, Inc.** | **TransDigm, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 11/15/27 *(b)* | 1213000 | 1212809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 08/15/28 *(a)(b)* | 1728000 | 1760144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 01/15/29 *(b)* | 1441000 | 1396667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 03/01/29 *(a)(b)* | 1873000 | 1905866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 05/01/29 *(b)* | 1001000 | 969890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 12/15/30 *(a)(b)* | 1278000 | 1318823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 12/01/31 *(a)(b)* | 958000 | 992202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 03/01/32 *(a)(b)* | 1611000 | 1647658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/33 *(a)(b)* | 1240000 | 1227888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 05/31/33 *(a)(b)* | 2250000 | 2228627 |
| **Trident TPI Holdings, Inc.** | **Trident TPI Holdings, Inc.** | **Trident TPI Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.75%, 12/31/28 *(a)(b)* | 486000 | 508797 |
| **TriMas Corp.** | **TriMas Corp.** | **TriMas Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 04/15/29 *(a)(b)* | 358000 | 337275 |
| **Trinity Industries, Inc.** | **Trinity Industries, Inc.** | **Trinity Industries, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 07/15/28 *(a)(b)* | 513000 | 533415 |

---

**9**

------

Schwab High Yield Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Triumph Group, Inc.** | **Triumph Group, Inc.** | **Triumph Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 03/15/28 *(a)(b)* | 568000 | 595519 |
| **Trivium Packaging Finance BV** | **Trivium Packaging Finance BV** | **Trivium Packaging Finance BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 07/15/30 *(a)(b)* | 500000 | 519182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.25%, 01/15/31 *(a)(b)* | 500000 | 526149 |
| **United Rentals North America, Inc.** | **United Rentals North America, Inc.** | **United Rentals North America, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 05/15/27 *(b)* | 589000 | 589651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 11/15/27 *(b)* | 719000 | 703244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 01/15/28 *(b)* | 1311000 | 1297909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/15/30 *(b)* | 727000 | 723026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/15/30 *(b)* | 583000 | 547729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 02/15/31 *(b)* | 756000 | 698171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 01/15/32 *(b)* | 683000 | 613646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 03/15/34 *(a)(b)* | 832000 | 844363 |
| **Velocity Vehicle Group LLC** | **Velocity Vehicle Group LLC** | **Velocity Vehicle Group LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 06/01/29 *(a)(b)* | 422000 | 406193 |
| **Vertiv Group Corp.** | **Vertiv Group Corp.** | **Vertiv Group Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 11/15/28 *(a)(b)* | 804000 | 779505 |
| **Waste Pro USA, Inc.** | **Waste Pro USA, Inc.** | **Waste Pro USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 02/01/33 *(a)(b)* | 550000 | 565306 |
| **Werner FinCo LP/Werner FinCo, Inc.** | **Werner FinCo LP/Werner FinCo, Inc.** | **Werner FinCo LP/Werner FinCo, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.50%, 06/15/28 *(a)(b)* | 529000 | 575949 |
| **WESCO Distribution, Inc.** | **WESCO Distribution, Inc.** | **WESCO Distribution, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 06/15/28 *(a)(b)* | 724000 | 733010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 03/15/29 *(a)(b)* | 584000 | 596849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 03/15/32 *(a)(b)* | 457000 | 468416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 03/15/33 *(a)(b)* | 1054000 | 1074345 |
| **White Cap Buyer LLC** | **White Cap Buyer LLC** | **White Cap Buyer LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 10/15/28 *(a)(b)* | 646000 | 633809 |
| **Wilsonart LLC** | **Wilsonart LLC** | **Wilsonart LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.00%, 08/15/32 *(b)* | 418000 | 368176 |
| **Wrangler Holdco Corp.** | **Wrangler Holdco Corp.** | **Wrangler Holdco Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 04/01/32 *(a)(b)* | 301000 | 310638 |
|  |  | **121347066** |
| ***Communications 14.5%***  | ***Communications 14.5%***  | ***Communications 14.5%***  |
| **Advantage Sales & Marketing, Inc.** | **Advantage Sales & Marketing, Inc.** | **Advantage Sales & Marketing, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 11/15/28 *(a)(b)* | 497000 | 380054 |
| **Africell Holding Ltd.** | **Africell Holding Ltd.** | **Africell Holding Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.50%, 10/23/29 *(a)(b)* | 218000 | 211451 |
| **Allen Media LLC/Allen Media Co-Issuer, Inc.** | **Allen Media LLC/Allen Media Co-Issuer, Inc.** | **Allen Media LLC/Allen Media Co-Issuer, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.50%, 02/15/28 *(a)(b)* | 406000 | 148190 |
| **Altice Financing SA** | **Altice Financing SA** | **Altice Financing SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.63%, 07/15/27 *(a)(b)* | 336000 | 295359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/28 *(a)(b)(e)* | 749000 | 587150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 08/15/29 *(a)(b)* | 1655000 | 1266353 |
| **AMC Networks, Inc.** | **AMC Networks, Inc.** | **AMC Networks, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.25%, 01/15/29 *(a)(b)* | 955000 | 1013260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/15/29 *(b)* | 857000 | 656453 |
| **ATP Tower Holdings/Andean Telecom Partners Chile SpA/Andean Tower Partners C** | **ATP Tower Holdings/Andean Telecom Partners Chile SpA/Andean Tower Partners C** | **ATP Tower Holdings/Andean Telecom Partners Chile SpA/Andean Tower Partners C** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 02/03/30 *(a)(b)* | 386000 | 387240 |
| **Banijay Entertainment SAS** | **Banijay Entertainment SAS** | **Banijay Entertainment SAS** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 05/01/29 *(a)(b)* | 365000 | 379108 |
| **Bell Telephone Co. of Canada or Bell Canada** | **Bell Telephone Co. of Canada or Bell Canada** | **Bell Telephone Co. of Canada or Bell Canada** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 09/15/55 *(b)(d)* | 750000 | 756723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 09/15/55 *(b)(d)* | 920000 | 924785 |
| **Block Communications, Inc.** | **Block Communications, Inc.** | **Block Communications, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 03/01/28 *(a)(b)* | 367000 | 347373 |
| **British Telecommunications PLC** | **British Telecommunications PLC** | **British Telecommunications PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 11/23/81 *(a)(b)(d)* | 443000 | 431253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 11/23/81 *(a)(b)(d)* | 432000 | 393338 |
| **Cable One, Inc.** | **Cable One, Inc.** | **Cable One, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/15/30 *(a)(b)(e)* | 553000 | 428762 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Cablevision Lightpath LLC** | **Cablevision Lightpath LLC** | **Cablevision Lightpath LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 09/15/27 *(a)(b)* | 986000 | 947918 |
| **CCO Holdings LLC/CCO Holdings Capital Corp.** | **CCO Holdings LLC/CCO Holdings Capital Corp.** | **CCO Holdings LLC/CCO Holdings Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 05/01/27 *(a)(b)* | 2072000 | 2051919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/01/28 *(a)(b)* | 2197000 | 2156249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 06/01/29 *(a)(b)* | 1215000 | 1198975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 09/01/29 *(a)(b)* | 1581000 | 1603431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/01/30 *(a)(b)* | 2074000 | 1981176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/15/30 *(a)(b)* | 1576000 | 1478809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/01/31 *(a)(b)* | 2232000 | 2045799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 03/01/31 *(a)(b)* | 939000 | 972452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/01/32 *(a)(b)* | 1335000 | 1236712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/01/32 *(b)* | 2655000 | 2418356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 06/01/33 *(a)(b)* | 1733000 | 1542591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 01/15/34 *(a)(b)* | 1760000 | 1520522 |
| **Cimpress PLC** | **Cimpress PLC** | **Cimpress PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 09/15/32 *(a)(b)* | 624000 | 582422 |
| **Clear Channel Outdoor Holdings, Inc.** | **Clear Channel Outdoor Holdings, Inc.** | **Clear Channel Outdoor Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 08/15/27 *(a)(b)* | 986000 | 965203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 04/15/28 *(a)(b)* | 909000 | 831408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 09/15/28 *(a)(b)* | 665000 | 696982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 06/01/29 *(a)(b)(e)* | 883000 | 781451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 04/01/30 *(a)(b)* | 426000 | 431954 |
| **CMG Media Corp.** | **CMG Media Corp.** | **CMG Media Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 06/18/29 *(a)(b)* | 542000 | 499995 |
| **Cogent Communications Group LLC** | **Cogent Communications Group LLC** | **Cogent Communications Group LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 06/15/27 *(a)(b)* | 401000 | 403449 |
| **Cogent Communications Group, Inc./Cogent Communications Finance, Inc.** | **Cogent Communications Group, Inc./Cogent Communications Finance, Inc.** | **Cogent Communications Group, Inc./Cogent Communications Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 06/15/27 *(a)(b)* | 414000 | 416879 |
| **Connect Finco SARL/Connect U.S. Finco LLC** | **Connect Finco SARL/Connect U.S. Finco LLC** | **Connect Finco SARL/Connect U.S. Finco LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 09/15/29 *(a)(b)* | 1595000 | 1522204 |
| **Consolidated Communications, Inc.** | **Consolidated Communications, Inc.** | **Consolidated Communications, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/28 *(a)(b)* | 614000 | 620693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 10/01/28 *(a)(b)* | 291000 | 297639 |
| **CSC Holdings LLC** | **CSC Holdings LLC** | **CSC Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/15/27 *(a)(b)* | 1376000 | 1304392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 02/01/28 *(a)(b)* | 664000 | 606174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 04/01/28 *(a)(b)* | 915000 | 705695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.25%, 05/15/28 *(a)(b)* | 576000 | 570437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.75%, 01/31/29 *(a)(b)* | 1808000 | 1696033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 02/01/29 *(a)(b)* | 1403000 | 1120674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/30 *(a)(b)* | 1429000 | 722550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 12/01/30 *(a)(b)* | 945000 | 649328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 12/01/30 *(a)(b)* | 1689000 | 778384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 02/15/31 *(a)(b)* | 1170000 | 767356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/15/31 *(a)(b)* | 1182000 | 800127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/15/31 *(a)(b)* | 570000 | 259755 |
| **Cumulus Media New Holdings, Inc.** | **Cumulus Media New Holdings, Inc.** | **Cumulus Media New Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 07/01/29 *(a)(b)* | 280000 | 77700 |
| **Deluxe Corp.** | **Deluxe Corp.** | **Deluxe Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 06/01/29 *(a)(b)* | 633000 | 588063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 09/15/29 *(a)(b)* | 217000 | 219646 |
| **Directv Financing LLC** | **Directv Financing LLC** | **Directv Financing LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 02/01/30 *(a)(b)* | 722000 | 711895 |
| **Directv Financing LLC/Directv Financing Co-Obligor, Inc.** | **Directv Financing LLC/Directv Financing Co-Obligor, Inc.** | **Directv Financing LLC/Directv Financing Co-Obligor, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 08/15/27 *(a)(b)* | 2545000 | 2506898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 02/15/31 *(a)(b)* | 1790000 | 1743500 |
| **DISH DBS Corp.** | **DISH DBS Corp.** | **DISH DBS Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 07/01/26 *(e)* | 1978000 | 1702285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 12/01/26 *(a)(b)* | 1539000 | 1423515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 07/01/28 *(b)* | 1116000 | 767494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 12/01/28 *(a)(b)* | 1851000 | 1569929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 06/01/29  | 1388000 | 913763 |
| **DISH Network Corp.** | **DISH Network Corp.** | **DISH Network Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.75%, 11/15/27 *(a)(b)* | 2145000 | 2214457 |

---

**10**

------

Schwab High Yield Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **EchoStar Corp.** | **EchoStar Corp.** | **EchoStar Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.75%, 11/30/29 *(b)* | 3729000 | 3749789 |
| **Embarq LLC** | **Embarq LLC** | **Embarq LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 06/01/36  | 1003000 | 473471 |
| **Fibercop SpA** | **Fibercop SpA** | **Fibercop SpA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 11/15/33 *(a)(b)* | 376000 | 364720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 09/30/34 *(a)(b)* | 536000 | 504585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.20%, 07/18/36 *(a)(b)* | 474000 | 458595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.72%, 06/04/38 *(a)(b)* | 525000 | 525065 |
| **Frontier Communications Holdings LLC** | **Frontier Communications Holdings LLC** | **Frontier Communications Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 10/15/27 *(a)(b)* | 700000 | 702262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/01/28 *(a)(b)* | 1243000 | 1241241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 05/01/29 *(a)(b)* | 539000 | 546830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 11/01/29 *(b)* | 1196000 | 1209508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/30 *(a)(b)* | 859000 | 871029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 05/15/30 *(a)(b)* | 916000 | 963446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.63%, 03/15/31 *(a)(b)* | 926000 | 986470 |
| **Frontier Florida LLC** | **Frontier Florida LLC** | **Frontier Florida LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.86%, 02/01/28  | 351000 | 361790 |
| **GCI LLC** | **GCI LLC** | **GCI LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 10/15/28 *(a)(b)* | 392000 | 369037 |
| **Getty Images, Inc.** | **Getty Images, Inc.** | **Getty Images, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.75%, 03/01/27 *(a)(b)* | 408000 | 400691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.25%, 02/21/30 *(a)(b)* | 450000 | 447043 |
| **Graham Holdings Co.** | **Graham Holdings Co.** | **Graham Holdings Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/01/26 *(a)(b)* | 193000 | 192922 |
| **Gray Media, Inc.** | **Gray Media, Inc.** | **Gray Media, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 05/15/27 *(a)(b)* | 432000 | 429369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.50%, 07/15/29 *(a)(b)* | 817000 | 869579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 10/15/30 *(a)(b)* | 736000 | 534520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 11/15/31 *(a)(b)* | 920000 | 657680 |
| **HTA Group Ltd.** | **HTA Group Ltd.** | **HTA Group Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 06/04/29 *(a)(b)* | 500000 | 510510 |
| **Hughes Satellite Systems Corp.** | **Hughes Satellite Systems Corp.** | **Hughes Satellite Systems Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/01/26 *(e)* | 1141000 | 1029598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 08/01/26 *(e)* | 739000 | 518597 |
| **iHeartCommunications, Inc.** | **iHeartCommunications, Inc.** | **iHeartCommunications, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.13%, 05/01/29 *(a)(b)(e)* | 562450 | 467528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.88%, 05/01/30 *(a)(b)* | 685400 | 336922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 08/15/30 *(a)(b)* | 530900 | 410851 |
| **Iliad Holding SASU** | **Iliad Holding SASU** | **Iliad Holding SASU** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 10/15/28 *(a)(b)* | 964000 | 980147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 04/15/31 *(a)(b)* | 638000 | 673861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 04/15/32 *(a)(b)* | 616000 | 620730 |
| **Intelsat Jackson Holdings SA** | **Intelsat Jackson Holdings SA** | **Intelsat Jackson Holdings SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 03/15/30 *(a)(b)* | 2705000 | 2666829 |
| **Lamar Media Corp.** | **Lamar Media Corp.** | **Lamar Media Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 02/15/28 *(b)* | 402000 | 389202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 01/15/29 *(b)* | 554000 | 544376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/15/30 *(b)* | 402000 | 379234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 01/15/31 *(b)* | 602000 | 547339 |
| **LCPR Senior Secured Financing DAC** | **LCPR Senior Secured Financing DAC** | **LCPR Senior Secured Financing DAC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 10/15/27 *(a)(b)* | 974000 | 706570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 07/15/29 *(a)(b)* | 703000 | 454314 |
| **Level 3 Financing, Inc.** | **Level 3 Financing, Inc.** | **Level 3 Financing, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 01/15/29 *(a)(b)(e)* | 273000 | 227955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.50%, 04/15/29 *(a)(b)* | 642000 | 723855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 06/15/29 *(a)(b)(e)* | 494000 | 451137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 07/15/29 *(a)(b)* | 309000 | 255132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.00%, 11/15/29 *(a)(b)* | 879000 | 998250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/01/30 *(a)(b)* | 762000 | 673966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.50%, 05/15/30 *(a)(b)* | 744000 | 815610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 10/15/30 *(a)(b)(e)* | 498000 | 422055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.75%, 12/15/30 *(a)(b)* | 426000 | 481380 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/15/31 *(a)(b)* | 620000 | 516150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 10/15/32 *(b)* | 253040 | 255107 |
| **Lumen Technologies, Inc.** | **Lumen Technologies, Inc.** | **Lumen Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/15/29 *(a)(b)* | 414000 | 366794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 04/15/29 *(a)(b)* | 426000 | 415882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 04/15/30 *(a)(b)* | 593000 | 578916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 10/15/32 *(a)(b)* | 364900 | 374698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.60%, 09/15/39  | 339000 | 287302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.65%, 03/15/42  | 265000 | 218965 |
| **McGraw-Hill Education, Inc.** | **McGraw-Hill Education, Inc.** | **McGraw-Hill Education, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 08/01/28 *(a)(b)* | 788000 | 778925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 08/01/29 *(a)(b)* | 652000 | 654176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 09/01/31 *(a)(b)* | 410000 | 422128 |
| **Midcontinent Communications** | **Midcontinent Communications** | **Midcontinent Communications** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 08/15/32 *(a)(b)* | 683000 | 707212 |
| **Millennium Escrow Corp.** | **Millennium Escrow Corp.** | **Millennium Escrow Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 08/01/26 *(a)(b)* | 735000 | 605775 |
| **Millicom International Cellular SA** | **Millicom International Cellular SA** | **Millicom International Cellular SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 01/15/28 *(a)(b)* | 618300 | 607757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 04/02/32 *(a)(b)* | 600000 | 608119 |
| **Nexstar Media, Inc.** | **Nexstar Media, Inc.** | **Nexstar Media, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 07/15/27 *(a)(b)* | 832000 | 829193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/01/28 *(a)(b)(e)* | 1362000 | 1311283 |
| **Outfront Media Capital LLC/Outfront Media Capital Corp.** | **Outfront Media Capital LLC/Outfront Media Capital Corp.** | **Outfront Media Capital LLC/Outfront Media Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/15/27 *(a)(b)* | 685000 | 676591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 01/15/29 *(a)(b)* | 589000 | 557524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/15/30 *(a)(b)* | 510000 | 478921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 02/15/31 *(a)(b)* | 342000 | 361384 |
| **Paramount Global** | **Paramount Global** | **Paramount Global** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 02/28/57 *(b)(d)* | 593000 | 559731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 03/30/62 *(b)(d)* | 675000 | 660293 |
| **Radiate Holdco LLC/Radiate Finance, Inc.** | **Radiate Holdco LLC/Radiate Finance, Inc.** | **Radiate Holdco LLC/Radiate Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/15/26 *(a)(b)* | 693000 | 594944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 09/15/28 *(a)(b)(e)* | 763000 | 501868 |
| **ROBLOX Corp.** | **ROBLOX Corp.** | **ROBLOX Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 05/01/30 *(a)(b)* | 1202000 | 1119097 |
| **Rogers Communications, Inc.** | **Rogers Communications, Inc.** | **Rogers Communications, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 04/15/55 *(b)(d)* | 838000 | 844913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 04/15/55 *(b)(d)* | 630000 | 631232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/82 *(a)(b)(d)* | 947000 | 927172 |
| **RR Donnelley & Sons Co.** | **RR Donnelley & Sons Co.** | **RR Donnelley & Sons Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.50%, 08/01/29 *(a)(b)* | 653000 | 655278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.88%, 08/01/29 *(a)(b)* | 649000 | 631367 |
| **SBA Communications Corp.** | **SBA Communications Corp.** | **SBA Communications Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 02/15/27 *(b)* | 1102000 | 1081266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 02/01/29 *(b)* | 1515000 | 1410619 |
| **Scripps Escrow II, Inc.** | **Scripps Escrow II, Inc.** | **Scripps Escrow II, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 01/15/29 *(a)(b)* | 501000 | 428816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 01/15/31 *(a)(b)* | 160000 | 110800 |
| **Scripps Escrow, Inc.** | **Scripps Escrow, Inc.** | **Scripps Escrow, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 07/15/27 *(a)(b)* | 416000 | 353100 |
| **Sinclair Television Group, Inc.** | **Sinclair Television Group, Inc.** | **Sinclair Television Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/01/30 *(a)(b)(e)* | 757000 | 639665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 02/15/33 *(a)(b)* | 522000 | 522715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.75%, 02/15/33 *(a)(b)* | 622000 | 670205 |
| **Sirius XM Radio LLC** | **Sirius XM Radio LLC** | **Sirius XM Radio LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 09/01/26 *(a)(b)* | 1155000 | 1129183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/01/27 *(a)(b)* | 1208000 | 1196254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/15/28 *(a)(b)* | 1902000 | 1806327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 07/01/29 *(a)(b)* | 950000 | 935057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 07/01/30 *(a)(b)* | 1268000 | 1153016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 09/01/31 *(a)(b)* | 1249000 | 1093136 |
| **Snap, Inc.** | **Snap, Inc.** | **Snap, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 03/01/33 *(a)(b)* | 1270000 | 1287699 |

---

**11**

------

Schwab High Yield Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Stagwell Global LLC** | **Stagwell Global LLC** | **Stagwell Global LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 08/15/29 *(a)(b)* | 887000 | 834736 |
| **Starz Capital Holdings LLC** | **Starz Capital Holdings LLC** | **Starz Capital Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/15/29 *(a)(b)* | 267000 | 216006 |
| **Sunrise FinCo I BV** | **Sunrise FinCo I BV** | **Sunrise FinCo I BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 07/15/31 *(a)(b)* | 736000 | 684002 |
| **Sunrise HoldCo IV BV** | **Sunrise HoldCo IV BV** | **Sunrise HoldCo IV BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/15/28 *(a)(b)* | 765000 | 752622 |
| **TEGNA, Inc.** | **TEGNA, Inc.** | **TEGNA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/15/28 *(b)* | 927000 | 902150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/15/29 *(b)* | 932000 | 888542 |
| **Telecom Italia Capital SA** | **Telecom Italia Capital SA** | **Telecom Italia Capital SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 09/30/34  | 815000 | 799782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.20%, 07/18/36  | 489000 | 509477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.72%, 06/04/38  | 487000 | 509081 |
| **Telesat Canada/Telesat LLC** | **Telesat Canada/Telesat LLC** | **Telesat Canada/Telesat LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 12/06/26 *(a)(b)* | 516000 | 308560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 06/01/27 *(a)(b)* | 201000 | 115900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 10/15/27 *(a)(b)* | 306000 | 117810 |
| **U.S. Cellular Corp.** | **U.S. Cellular Corp.** | **U.S. Cellular Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 12/15/33  | 476000 | 512954 |
| **Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC** | **Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC** | **Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/30 *(a)(b)* | 760000 | 693086 |
| **Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC** | **Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC** | **Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.50%, 02/15/28 *(a)(b)* | 1376000 | 1460629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 04/15/28 *(a)(b)* | 458000 | 445790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 02/15/29 *(a)(b)* | 821000 | 774822 |
| **Univision Communications, Inc.** | **Univision Communications, Inc.** | **Univision Communications, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 06/01/27 *(a)(b)* | 1245000 | 1245800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 08/15/28 *(a)(b)* | 1478000 | 1480276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/01/29 *(a)(b)* | 1025000 | 910824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 06/30/30 *(a)(b)* | 755000 | 706348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 07/31/31 *(a)(b)* | 916000 | 880223 |
| **Urban One, Inc.** | **Urban One, Inc.** | **Urban One, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 02/01/28 *(a)(b)* | 383000 | 191858 |
| **Viasat, Inc.** | **Viasat, Inc.** | **Viasat, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 04/15/27 *(a)(b)* | 862000 | 849555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 07/15/28 *(a)(b)* | 558000 | 513589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 05/30/31 *(a)(b)* | 693000 | 553765 |
| **Virgin Media Finance PLC** | **Virgin Media Finance PLC** | **Virgin Media Finance PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/15/30 *(a)(b)* | 687000 | 623314 |
| **Virgin Media Secured Finance PLC** | **Virgin Media Secured Finance PLC** | **Virgin Media Secured Finance PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 05/15/29 *(a)(b)* | 1165000 | 1134092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/15/30 *(a)(b)* | 790000 | 730079 |
| **Virgin Media Vendor Financing Notes IV DAC** | **Virgin Media Vendor Financing Notes IV DAC** | **Virgin Media Vendor Financing Notes IV DAC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/15/28 *(a)(b)* | 444000 | 433015 |
| **Vmed O2 U.K. Financing I PLC** | **Vmed O2 U.K. Financing I PLC** | **Vmed O2 U.K. Financing I PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 01/31/31 *(a)(b)* | 1070000 | 969069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 07/15/31 *(a)(b)* | 1317000 | 1210473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 04/15/32 *(a)(b)* | 580000 | 597905 |
| **Vodafone Group PLC** | **Vodafone Group PLC** | **Vodafone Group PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 04/04/79 *(b)(d)* | 1472000 | 1516351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/04/81 *(b)(d)* | 437000 | 426499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 06/04/81 *(b)(d)* | 662000 | 595767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 06/04/81 *(b)(d)* | 942000 | 698700 |
| **VZ Secured Financing BV** | **VZ Secured Financing BV** | **VZ Secured Financing BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/32 *(a)(b)* | 1296000 | 1121146 |
| **Windstream Services LLC/Windstream Escrow Finance Corp.** | **Windstream Services LLC/Windstream Escrow Finance Corp.** | **Windstream Services LLC/Windstream Escrow Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 10/01/31 *(a)(b)* | 1533000 | 1596583 |
| **Zayo Group Holdings, Inc.** | **Zayo Group Holdings, Inc.** | **Zayo Group Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/01/27 *(a)(b)* | 1049000 | 987721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 03/01/28 *(a)(b)* | 1134000 | 978920 |
| **Zegona Finance PLC** | **Zegona Finance PLC** | **Zegona Finance PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.63%, 07/15/29 *(a)(b)* | 640000 | 684000 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Ziggo Bond Co. BV** | **Ziggo Bond Co. BV** | **Ziggo Bond Co. BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 02/28/30 *(a)(b)* | 422000 | 358196 |
| **Ziggo BV** | **Ziggo BV** | **Ziggo BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 01/15/30 *(a)(b)* | 761000 | 695388 |
|  |  | **161149640** |
| ***Consumer Cyclical 17.9%***  | ***Consumer Cyclical 17.9%***  | ***Consumer Cyclical 17.9%***  |
| **1011778 BC ULC/New Red Finance, Inc.** | **1011778 BC ULC/New Red Finance, Inc.** | **1011778 BC ULC/New Red Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 01/15/28 *(a)(b)* | 1622000 | 1571555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 01/15/28 *(a)(b)* | 774000 | 755065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/15/29 *(a)(b)* | 983000 | 928075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 06/15/29 *(a)(b)* | 974000 | 994239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/15/30 *(a)(b)* | 2024000 | 1863795 |
| **Academy Ltd.** | **Academy Ltd.** | **Academy Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 11/15/27 *(a)(b)* | 447000 | 448425 |
| **Adams Homes, Inc.** | **Adams Homes, Inc.** | **Adams Homes, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 10/15/28 *(a)(b)* | 449000 | 452796 |
| **Adient Global Holdings Ltd.** | **Adient Global Holdings Ltd.** | **Adient Global Holdings Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 04/15/28 *(a)(b)* | 493000 | 504176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 04/15/31 *(a)(b)* | 382000 | 390247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 02/15/33 *(a)(b)* | 759000 | 753525 |
| **ADT Security Corp.** | **ADT Security Corp.** | **ADT Security Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 08/01/29 *(a)(b)* | 703000 | 671306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 07/15/32 *(a)* | 674000 | 640716 |
| **Advance Auto Parts, Inc.** | **Advance Auto Parts, Inc.** | **Advance Auto Parts, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 10/01/27 *(b)* | 343000 | 317186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 03/09/28 *(b)* | 400000 | 406976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 04/15/30 *(b)* | 535000 | 495439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/15/32 *(b)* | 137000 | 118992 |
| **Affinity Interactive** | **Affinity Interactive** | **Affinity Interactive** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 12/15/27 *(a)(b)* | 541000 | 402888 |
| **Allied Universal Holdco LLC** | **Allied Universal Holdco LLC** | **Allied Universal Holdco LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 02/15/31 *(a)(b)* | 1604000 | 1663411 |
| **Allied Universal Holdco LLC/Allied Universal Finance Corp.** | **Allied Universal Holdco LLC/Allied Universal Finance Corp.** | **Allied Universal Holdco LLC/Allied Universal Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.75%, 07/15/27 *(a)(b)* | 749000 | 755657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/01/29 *(a)(b)* | 725000 | 686923 |
| **Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL** | **Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL** | **Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 06/01/28 *(a)(b)* | 1965000 | 1880895 |
| **Allison Transmission, Inc.** | **Allison Transmission, Inc.** | **Allison Transmission, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 10/01/27 *(a)(b)* | 328000 | 322711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 06/01/29 *(a)(b)* | 487000 | 489274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 01/30/31 *(a)(b)* | 696000 | 632346 |
| **AMC Entertainment Holdings, Inc.** | **AMC Entertainment Holdings, Inc.** | **AMC Entertainment Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 02/15/29 *(a)(b)* | 754000 | 589941 |
| **American Axle & Manufacturing, Inc.** | **American Axle & Manufacturing, Inc.** | **American Axle & Manufacturing, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 04/01/27 *(b)* | 507000 | 505001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 07/01/28 *(b)* | 383000 | 380077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/29 *(b)* | 448000 | 407699 |
| **ANGI Group LLC** | **ANGI Group LLC** | **ANGI Group LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 08/15/28 *(a)(b)* | 541000 | 501656 |
| **Anywhere Real Estate Group LLC/Anywhere Co-Issuer Corp.** | **Anywhere Real Estate Group LLC/Anywhere Co-Issuer Corp.** | **Anywhere Real Estate Group LLC/Anywhere Co-Issuer Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 04/15/30 *(a)(b)(e)* | 555000 | 507491 |
| **Anywhere Real Estate Group LLC/Realogy Co-Issuer Corp.** | **Anywhere Real Estate Group LLC/Realogy Co-Issuer Corp.** | **Anywhere Real Estate Group LLC/Realogy Co-Issuer Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/29 *(a)(b)* | 408000 | 336094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/15/30 *(a)(b)(e)* | 394000 | 306386 |
| **Aptiv Swiss Holdings Ltd.** | **Aptiv Swiss Holdings Ltd.** | **Aptiv Swiss Holdings Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 12/15/54 *(b)(d)* | 417000 | 409461 |
| **Arches Buyer, Inc.** | **Arches Buyer, Inc.** | **Arches Buyer, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/01/28 *(a)(b)* | 541000 | 509993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 12/01/28 *(a)(b)* | 597000 | 546323 |
| **Arko Corp.** | **Arko Corp.** | **Arko Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 11/15/29 *(a)(b)* | 417000 | 348327 |

---

**12**

------

Schwab High Yield Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Asbury Automotive Group, Inc.** | **Asbury Automotive Group, Inc.** | **Asbury Automotive Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/01/28 *(b)* | 276000 | 269098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 11/15/29 *(a)(b)* | 670000 | 637509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/01/30 *(b)* | 422000 | 401183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/15/32 *(a)(b)* | 479000 | 447649 |
| **ASGN, Inc.** | **ASGN, Inc.** | **ASGN, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 05/15/28 *(a)(b)* | 392000 | 378409 |
| **Ashton Woods USA LLC/Ashton Woods Finance Co.** | **Ashton Woods USA LLC/Ashton Woods Finance Co.** | **Ashton Woods USA LLC/Ashton Woods Finance Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 01/15/28 *(a)(b)* | 719000 | 722617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 08/01/29 *(a)(b)* | 477000 | 449933 |
| **Aston Martin Capital Holdings Ltd.** | **Aston Martin Capital Holdings Ltd.** | **Aston Martin Capital Holdings Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 03/31/29 *(a)(b)* | 790000 | 741181 |
| **At Home Group, Inc.** | **At Home Group, Inc.** | **At Home Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 07/15/28 *(a)(b)(h)(i)* | 143000 | 38252 |
| **Bath & Body Works, Inc.** | **Bath & Body Works, Inc.** | **Bath & Body Works, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/01/28  | 140000 | 140060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 06/15/29 *(b)* | 840000 | 864143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 10/01/30 *(a)(b)* | 614000 | 627617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 03/01/33  | 332000 | 335285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 11/01/35  | 575000 | 580008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 07/01/36  | 696000 | 690447 |
| **Beazer Homes USA, Inc.** | **Beazer Homes USA, Inc.** | **Beazer Homes USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 10/15/27 *(b)* | 360000 | 356691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 10/15/29 *(b)* | 333000 | 330304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 03/15/31 *(a)(b)* | 258000 | 253463 |
| **Belron U.K. Finance PLC** | **Belron U.K. Finance PLC** | **Belron U.K. Finance PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 10/15/29 *(a)(b)* | 900000 | 903933 |
| **Benteler International AG** | **Benteler International AG** | **Benteler International AG** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.50%, 05/15/28 *(a)(b)* | 500000 | 525798 |
| **Bloomin' Brands, Inc./OSI Restaurant Partners LLC** | **Bloomin' Brands, Inc./OSI Restaurant Partners LLC** | **Bloomin' Brands, Inc./OSI Restaurant Partners LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 04/15/29 *(a)(b)* | 393000 | 349000 |
| **Boyd Gaming Corp.** | **Boyd Gaming Corp.** | **Boyd Gaming Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 12/01/27 *(b)* | 791000 | 780868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 06/15/31 *(a)(b)* | 515000 | 482655 |
| **Boyne USA, Inc.** | **Boyne USA, Inc.** | **Boyne USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/15/29 *(a)(b)* | 620000 | 596212 |
| **Brinker International, Inc.** | **Brinker International, Inc.** | **Brinker International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 07/15/30 *(a)(b)* | 313000 | 331413 |
| **Brink's Co.** | **Brink's Co.** | **Brink's Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 10/15/27 *(a)(b)* | 635000 | 626894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 06/15/29 *(a)(b)* | 258000 | 263424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 06/15/32 *(a)(b)* | 205000 | 210466 |
| **Brookfield Residential Properties, Inc./Brookfield Residential U.S. LLC** | **Brookfield Residential Properties, Inc./Brookfield Residential U.S. LLC** | **Brookfield Residential Properties, Inc./Brookfield Residential U.S. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/29 *(a)(b)* | 579000 | 518612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/15/30 *(a)(b)* | 444000 | 386748 |
| **Caesars Entertainment, Inc.** | **Caesars Entertainment, Inc.** | **Caesars Entertainment, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 07/01/27 *(a)(b)* | 1366000 | 1368860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 10/15/29 *(a)(b)* | 972000 | 908471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 02/15/30 *(a)(b)* | 1339000 | 1374825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 02/15/32 *(a)(b)* | 856000 | 863421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 10/15/32 *(a)(b)* | 903000 | 866802 |
| **Carnival Corp.** | **Carnival Corp.** | **Carnival Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/01/27 *(a)(b)* | 1305000 | 1309080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/01/29 *(a)(b)* | 1498000 | 1502885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/15/30 *(a)(b)* | 950000 | 952813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 06/15/31 *(a)(b)* | 850000 | 851041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 02/15/33 *(a)(b)* | 1545000 | 1549781 |
| **Carriage Services, Inc.** | **Carriage Services, Inc.** | **Carriage Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/15/29 *(a)(b)* | 301000 | 281897 |
| **Cars.com, Inc.** | **Cars.com, Inc.** | **Cars.com, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 11/01/28 *(a)(b)* | 368000 | 367968 |
| **Century Communities, Inc.** | **Century Communities, Inc.** | **Century Communities, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 06/01/27 *(b)* | 680000 | 680468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 08/15/29 *(a)(b)* | 247000 | 224118 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Champions Financing, Inc.** | **Champions Financing, Inc.** | **Champions Financing, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 02/15/29 *(a)(b)(e)* | 519000 | 483907 |
| **Churchill Downs, Inc.** | **Churchill Downs, Inc.** | **Churchill Downs, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/01/27 *(a)(b)* | 594000 | 592307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/28 *(a)(b)* | 594000 | 580986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/01/30 *(a)(b)* | 751000 | 740969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 05/01/31 *(a)(b)* | 540000 | 550636 |
| **Cinemark USA, Inc.** | **Cinemark USA, Inc.** | **Cinemark USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/15/28 *(a)(b)* | 697000 | 688117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 08/01/32 *(a)(b)* | 335000 | 344898 |
| **Clarios Global LP/Clarios U.S. Finance Co.** | **Clarios Global LP/Clarios U.S. Finance Co.** | **Clarios Global LP/Clarios U.S. Finance Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 05/15/26 *(a)(b)* | 271000 | 271226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 05/15/27 *(a)(b)* | 144000 | 144892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 05/15/28 *(a)(b)* | 847000 | 863607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 02/15/30 *(a)(b)* | 659000 | 671689 |
| **CoreCivic, Inc.** | **CoreCivic, Inc.** | **CoreCivic, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 04/15/29 *(b)* | 308000 | 325750 |
| **Cougar JV Subsidiary LLC** | **Cougar JV Subsidiary LLC** | **Cougar JV Subsidiary LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 05/15/32 *(a)(b)* | 561000 | 589825 |
| **Crocs, Inc.** | **Crocs, Inc.** | **Crocs, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/15/29 *(a)(b)* | 318000 | 300467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 08/15/31 *(a)(b)* | 316000 | 280910 |
| **Cushman & Wakefield U.S. Borrower LLC** | **Cushman & Wakefield U.S. Borrower LLC** | **Cushman & Wakefield U.S. Borrower LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 05/15/28 *(a)(b)* | 524000 | 526601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 09/01/31 *(a)(b)* | 318000 | 340351 |
| **Dana, Inc.** | **Dana, Inc.** | **Dana, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 11/15/27 *(b)* | 243000 | 242379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 06/15/28 *(b)* | 353000 | 351603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/01/30 *(b)* | 378000 | 358765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/15/32 *(b)* | 439000 | 411003 |
| **Dealer Tire LLC/DT Issuer LLC** | **Dealer Tire LLC/DT Issuer LLC** | **Dealer Tire LLC/DT Issuer LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 02/01/28 *(a)(b)* | 530000 | 518394 |
| **Dornoch Debt Merger Sub, Inc.** | **Dornoch Debt Merger Sub, Inc.** | **Dornoch Debt Merger Sub, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 10/15/29 *(a)(b)* | 568000 | 437261 |
| **Dream Finders Homes, Inc.** | **Dream Finders Homes, Inc.** | **Dream Finders Homes, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 08/15/28 *(a)(b)* | 319000 | 328610 |
| **eG Global Finance PLC** | **eG Global Finance PLC** | **eG Global Finance PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.00%, 11/30/28 *(a)(b)* | 819000 | 904282 |
| **Empire Communities Corp.** | **Empire Communities Corp.** | **Empire Communities Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.75%, 05/01/29 *(a)(b)* | 372000 | 373860 |
| **Empire Resorts, Inc.** | **Empire Resorts, Inc.** | **Empire Resorts, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 11/01/26 *(a)(b)* | 225000 | 221825 |
| **Evergreen Acqco 1 LP/TVI, Inc.** | **Evergreen Acqco 1 LP/TVI, Inc.** | **Evergreen Acqco 1 LP/TVI, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.75%, 04/26/28 *(a)(b)* | 469000 | 491315 |
| **EZCORP, Inc.** | **EZCORP, Inc.** | **EZCORP, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 04/01/32 *(a)(b)* | 302000 | 314156 |
| **Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.** | **Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.** | **Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 01/15/29 *(a)(b)* | 751000 | 704857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 01/15/30 *(a)(b)* | 821000 | 746260 |
| **Foot Locker, Inc.** | **Foot Locker, Inc.** | **Foot Locker, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/01/29 *(a)(b)* | 412000 | 391919 |
| **Forestar Group, Inc.** | **Forestar Group, Inc.** | **Forestar Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/01/28 *(a)(b)* | 266000 | 262019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 03/15/33 *(a)(b)* | 480000 | 476458 |
| **Forvia SE** | **Forvia SE** | **Forvia SE** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 06/15/30 *(a)(b)* | 400000 | 406869 |
| **Full House Resorts, Inc.** | **Full House Resorts, Inc.** | **Full House Resorts, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 02/15/28 *(a)(b)* | 398000 | 381063 |
| **Gap, Inc.** | **Gap, Inc.** | **Gap, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 10/01/29 *(a)(b)* | 555000 | 507489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 10/01/31 *(a)(b)* | 725000 | 645397 |
| **Garda World Security Corp.** | **Garda World Security Corp.** | **Garda World Security Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/15/27 *(a)(b)* | 506000 | 499833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 02/15/28 *(a)(b)* | 155000 | 160308 |

---

**13**

------

Schwab High Yield Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/01/29 *(a)(b)* | 405000 | 385552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 08/01/32 *(a)(b)* | 715000 | 712553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 11/15/32 *(a)(b)* | 800000 | 803269 |
| **Garrett Motion Holdings, Inc./Garrett LX I SARL** | **Garrett Motion Holdings, Inc./Garrett LX I SARL** | **Garrett Motion Holdings, Inc./Garrett LX I SARL** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 05/31/32 *(a)(b)* | 593000 | 605654 |
| **Genting New York LLC/GENNY Capital, Inc.** | **Genting New York LLC/GENNY Capital, Inc.** | **Genting New York LLC/GENNY Capital, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 10/01/29 *(a)(b)* | 525000 | 531316 |
| **GEO Group, Inc.** | **GEO Group, Inc.** | **GEO Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.63%, 04/15/29 *(b)* | 444000 | 468998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.25%, 04/15/31 *(b)* | 599000 | 657137 |
| **Global Auto Holdings Ltd./AAG FH U.K. Ltd.** | **Global Auto Holdings Ltd./AAG FH U.K. Ltd.** | **Global Auto Holdings Ltd./AAG FH U.K. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 01/15/29 *(a)(b)* | 425000 | 356803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.50%, 08/15/29 *(a)(b)* | 428000 | 397385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 01/15/32 *(a)(b)* | 497000 | 386147 |
| **Go Daddy Operating Co. LLC/GD Finance Co., Inc.** | **Go Daddy Operating Co. LLC/GD Finance Co., Inc.** | **Go Daddy Operating Co. LLC/GD Finance Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 12/01/27 *(a)(b)* | 549000 | 546097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/01/29 *(a)(b)* | 248000 | 231731 |
| **Goodyear Tire & Rubber Co.** | **Goodyear Tire & Rubber Co.** | **Goodyear Tire & Rubber Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/31/26 *(b)* | 312000 | 312391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 03/15/27 *(b)* | 770000 | 759895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/15/29 *(b)* | 561000 | 537837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 07/15/30 *(b)* | 100000 | 100222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/30/31 *(b)* | 523000 | 488783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/15/31 *(b)(e)* | 564000 | 526699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 04/30/33 *(b)* | 461000 | 429162 |
| **GPS Hospitality Holding Co. LLC/GPS Finco, Inc.** | **GPS Hospitality Holding Co. LLC/GPS Finco, Inc.** | **GPS Hospitality Holding Co. LLC/GPS Finco, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 08/15/28 *(a)(b)* | 356000 | 208444 |
| **Great Canadian Gaming Corp.** | **Great Canadian Gaming Corp.** | **Great Canadian Gaming Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 11/15/29 *(a)(b)* | 500000 | 485879 |
| **Group 1 Automotive, Inc.** | **Group 1 Automotive, Inc.** | **Group 1 Automotive, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 08/15/28 *(a)(b)* | 597000 | 572583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 01/15/30 *(a)(b)* | 391000 | 398924 |
| **GrubHub Holdings, Inc.** | **GrubHub Holdings, Inc.** | **GrubHub Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 07/01/27 *(a)(b)(e)* | 495000 | 457258 |
| **Hanesbrands, Inc.** | **Hanesbrands, Inc.** | **Hanesbrands, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 02/15/31 *(a)(b)* | 600000 | 634478 |
| **Hilton Domestic Operating Co., Inc.** | **Hilton Domestic Operating Co., Inc.** | **Hilton Domestic Operating Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 05/01/28 *(a)(b)* | 455000 | 456886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 04/01/29 *(a)(b)* | 423000 | 427431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 05/01/29 *(a)(b)* | 578000 | 546468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 01/15/30 *(b)* | 786000 | 770908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/01/31 *(a)(b)* | 959000 | 887324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 02/15/32 *(a)(b)* | 902000 | 803389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 04/01/32 *(a)(b)* | 585000 | 594394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 03/15/33 *(a)(b)* | 987000 | 994358 |
| **Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc.** | **Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc.** | **Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/01/29 *(a)(b)* | 678000 | 636639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 07/01/31 *(a)(b)* | 398000 | 357176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 01/15/32 *(a)(b)* | 726000 | 725535 |
| **Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp.** | **Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp.** | **Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 04/01/27 *(b)* | 602000 | 600462 |
| **International Game Technology PLC** | **International Game Technology PLC** | **International Game Technology PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 01/15/27 *(a)(b)* | 564000 | 570430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/15/29 *(a)(b)* | 1008000 | 992234 |
| **Jacobs Entertainment, Inc.** | **Jacobs Entertainment, Inc.** | **Jacobs Entertainment, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 02/15/29 *(a)(b)* | 486000 | 460837 |
| **Jaguar Land Rover Automotive PLC** | **Jaguar Land Rover Automotive PLC** | **Jaguar Land Rover Automotive PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/01/27 *(a)(b)* | 715000 | 699261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 07/15/29 *(a)(b)* | 476000 | 469571 |
| **JB Poindexter & Co., Inc.** | **JB Poindexter & Co., Inc.** | **JB Poindexter & Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 12/15/31 *(a)(b)* | 602000 | 597536 |
| **K Hovnanian Enterprises, Inc.** | **K Hovnanian Enterprises, Inc.** | **K Hovnanian Enterprises, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.75%, 09/30/29 *(a)(b)* | 433000 | 466904 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **KB Home** | **KB Home** | **KB Home** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 06/15/27 *(b)* | 212000 | 217773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 11/15/29 *(b)* | 268000 | 261566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 07/15/30 *(b)* | 367000 | 377317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/15/31 *(b)* | 327000 | 296683 |
| **Ken Garff Automotive LLC** | **Ken Garff Automotive LLC** | **Ken Garff Automotive LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 09/15/28 *(a)(b)* | 373000 | 363035 |
| **KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC** | **KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC** | **KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 06/01/27 *(a)(b)* | 662000 | 660078 |
| **Kohl's Corp.** | **Kohl's Corp.** | **Kohl's Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 06/01/30 *(a)(b)* | 300000 | 308370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 05/01/31 *(b)* | 458000 | 293612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 07/17/45 *(b)* | 388000 | 191218 |
| **Kontoor Brands, Inc.** | **Kontoor Brands, Inc.** | **Kontoor Brands, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 11/15/29 *(a)(b)* | 330000 | 304049 |
| **Korn Ferry** | **Korn Ferry** | **Korn Ferry** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 12/15/27 *(a)(b)* | 554000 | 545969 |
| **Landsea Homes Corp.** | **Landsea Homes Corp.** | **Landsea Homes Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 04/01/29 *(a)(b)* | 300000 | 313264 |
| **LCM Investments Holdings II LLC** | **LCM Investments Holdings II LLC** | **LCM Investments Holdings II LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 05/01/29 *(a)(b)* | 745000 | 718270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 08/01/31 *(a)(b)* | 637000 | 675888 |
| **Levi Strauss & Co.** | **Levi Strauss & Co.** | **Levi Strauss & Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/01/31 *(a)(b)* | 426000 | 381198 |
| **LGI Homes, Inc.** | **LGI Homes, Inc.** | **LGI Homes, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 12/15/28 *(a)(b)* | 193000 | 198746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/15/29 *(a)(b)(e)* | 362000 | 320933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 11/15/32 *(a)(b)* | 464000 | 431365 |
| **Liberty Interactive LLC** | **Liberty Interactive LLC** | **Liberty Interactive LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 07/15/29  | 254000 | 43866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 02/01/30  | 395000 | 67150 |
| **Life Time, Inc.** | **Life Time, Inc.** | **Life Time, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 11/15/31 *(a)(b)* | 208000 | 208603 |
| **Light & Wonder International, Inc.** | **Light & Wonder International, Inc.** | **Light & Wonder International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 05/15/28 *(a)(b)* | 473000 | 473747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 11/15/29 *(a)(b)* | 285000 | 293398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 09/01/31 *(a)(b)* | 568000 | 587319 |
| **Lindblad Expeditions Holdings, Inc.** | **Lindblad Expeditions Holdings, Inc.** | **Lindblad Expeditions Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 05/15/28 *(a)(b)* | 359000 | 371609 |
| **Lithia Motors, Inc.** | **Lithia Motors, Inc.** | **Lithia Motors, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 12/15/27 *(a)(b)* | 548000 | 540955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 06/01/29 *(a)(b)* | 598000 | 563673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 01/15/31 *(a)(b)* | 463000 | 434253 |
| **Live Nation Entertainment, Inc.** | **Live Nation Entertainment, Inc.** | **Live Nation Entertainment, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 05/15/27 *(a)(b)* | 576000 | 583256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 10/15/27 *(a)(b)* | 779000 | 767351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 01/15/28 *(a)(b)* | 552000 | 531352 |
| **M/I Homes, Inc.** | **M/I Homes, Inc.** | **M/I Homes, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/01/28 *(b)* | 318000 | 313965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 02/15/30 *(b)* | 319000 | 293964 |
| **Macy's Retail Holdings LLC** | **Macy's Retail Holdings LLC** | **Macy's Retail Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 04/01/29 *(a)(b)* | 486000 | 476800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 03/15/30 *(a)(b)* | 405000 | 387058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 03/15/32 *(a)(b)* | 295000 | 273715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 12/15/34 *(b)* | 297000 | 232471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 01/15/42 *(b)* | 327000 | 220251 |
| **Marriott Ownership Resorts, Inc.** | **Marriott Ownership Resorts, Inc.** | **Marriott Ownership Resorts, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/28 *(b)* | 245000 | 237390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 06/15/29 *(a)(b)(e)* | 343000 | 322263 |
| **Match Group Holdings II LLC** | **Match Group Holdings II LLC** | **Match Group Holdings II LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/15/27 *(a)(b)* | 546000 | 541377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 06/01/28 *(a)(b)* | 400000 | 387938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 02/15/29 *(a)(b)* | 257000 | 255472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 08/01/30 *(a)(b)* | 471000 | 435045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 10/01/31 *(a)(b)* | 316000 | 276599 |

---

**14**

------

Schwab High Yield Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Mattamy Group Corp.** | **Mattamy Group Corp.** | **Mattamy Group Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 12/15/27 *(a)(b)* | 446000 | 443854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/01/30 *(a)(b)* | 392000 | 369311 |
| **Matthews International Corp.** | **Matthews International Corp.** | **Matthews International Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.63%, 10/01/27 *(a)(b)* | 401000 | 417005 |
| **Mavis Tire Express Services Topco Corp.** | **Mavis Tire Express Services Topco Corp.** | **Mavis Tire Express Services Topco Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 05/15/29 *(a)(b)* | 533000 | 507111 |
| **Merlin Entertainments Group U.S. Holdings, Inc.** | **Merlin Entertainments Group U.S. Holdings, Inc.** | **Merlin Entertainments Group U.S. Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 02/15/31 *(a)(b)* | 253000 | 231025 |
| **MGM Resorts International** | **MGM Resorts International** | **MGM Resorts International** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 09/01/26 *(b)* | 462000 | 460349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/15/27 *(b)* | 369000 | 370545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 10/15/28 *(b)* | 634000 | 620522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 09/15/29 *(b)* | 237000 | 238278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 04/15/32 *(b)* | 858000 | 856865 |
| **Michaels Cos., Inc.** | **Michaels Cos., Inc.** | **Michaels Cos., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/01/28 *(a)(b)* | 757000 | 519827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 05/01/29 *(a)(b)* | 762000 | 371475 |
| **Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp.** | **Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp.** | **Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 05/01/29 *(a)(b)* | 491000 | 470789 |
| **Mohegan Tribal Gaming Authority/MS Digital Entertainment Holdings LLC** | **Mohegan Tribal Gaming Authority/MS Digital Entertainment Holdings LLC** | **Mohegan Tribal Gaming Authority/MS Digital Entertainment Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 04/15/30 *(a)(b)* | 725000 | 738317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.88%, 04/15/31 *(a)(b)* | 549000 | 570198 |
| **Motion Bondco DAC** | **Motion Bondco DAC** | **Motion Bondco DAC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 11/15/27 *(a)(b)* | 620000 | 586438 |
| **Motion Finco SARL** | **Motion Finco SARL** | **Motion Finco SARL** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 02/15/32 *(a)(b)* | 417000 | 385783 |
| **Murphy Oil USA, Inc.** | **Murphy Oil USA, Inc.** | **Murphy Oil USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 09/15/29 *(b)* | 278000 | 269455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 02/15/31 *(a)(b)* | 757000 | 686772 |
| **NCL Corp. Ltd.** | **NCL Corp. Ltd.** | **NCL Corp. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 02/15/27 *(a)(b)* | 375000 | 375322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 01/15/29 *(a)(b)* | 519000 | 546780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 02/15/29 *(a)(b)* | 399000 | 419762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 03/01/30 *(a)(b)* | 793000 | 785072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 02/01/32 *(a)(b)* | 1300000 | 1301054 |
| **NCL Finance Ltd.** | **NCL Finance Ltd.** | **NCL Finance Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 03/15/28 *(a)(b)* | 318000 | 320222 |
| **New Flyer Holdings, Inc.** | **New Flyer Holdings, Inc.** | **New Flyer Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 07/01/30 *(a)(b)* | 100000 | 102750 |
| **New Home Co., Inc.** | **New Home Co., Inc.** | **New Home Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 10/01/29 *(a)(b)* | 334000 | 345358 |
| **Newmark Group, Inc.** | **Newmark Group, Inc.** | **Newmark Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 01/12/29 *(b)* | 293000 | 308322 |
| **Nissan Motor Acceptance Co. LLC** | **Nissan Motor Acceptance Co. LLC** | **Nissan Motor Acceptance Co. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 09/15/26 *(a)* | 551000 | 558175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.85%, 09/16/26 *(a)(b)* | 422000 | 401932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 09/13/27 *(a)* | 334000 | 327732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 03/09/28 *(a)(b)* | 780000 | 714682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 09/15/28 *(a)(b)* | 416000 | 368956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.05%, 09/15/28 *(a)(b)* | 610000 | 619956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 09/13/29 *(a)(b)* | 364000 | 350623 |
| **Nissan Motor Co. Ltd.** | **Nissan Motor Co. Ltd.** | **Nissan Motor Co. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 09/17/27 *(a)(b)* | 1608000 | 1552876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.81%, 09/17/30 *(a)(b)* | 1984000 | 1828316 |
| **Nordstrom, Inc.** | **Nordstrom, Inc.** | **Nordstrom, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/15/27 *(b)* | 262000 | 253279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 03/15/28  | 254000 | 257027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 04/01/30 *(b)* | 464000 | 423279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 08/01/31 *(b)* | 422000 | 369430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/44 *(b)* | 846000 | 600170 |
| **Odeon Finco PLC** | **Odeon Finco PLC** | **Odeon Finco PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.75%, 11/01/27 *(a)(b)* | 383000 | 396695 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Ontario Gaming GTA LP/OTG Co-Issuer, Inc.** | **Ontario Gaming GTA LP/OTG Co-Issuer, Inc.** | **Ontario Gaming GTA LP/OTG Co-Issuer, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 08/01/30 *(a)(b)* | 395000 | 390714 |
| **OT Midco Ltd.** | **OT Midco Ltd.** | **OT Midco Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 02/15/30 *(a)(b)* | 500000 | 417789 |
| **Papa John's International, Inc.** | **Papa John's International, Inc.** | **Papa John's International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 09/15/29 *(a)(b)* | 676000 | 631165 |
| **Parkland Corp.** | **Parkland Corp.** | **Parkland Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 07/15/27 *(a)(b)* | 798000 | 796581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/01/29 *(a)(b)* | 292000 | 276000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 05/01/30 *(a)(b)* | 750000 | 705201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 08/15/32 *(a)(b)* | 284000 | 284813 |
| **Penn Entertainment, Inc.** | **Penn Entertainment, Inc.** | **Penn Entertainment, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 01/15/27 *(a)(b)* | 468000 | 462346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 07/01/29 *(a)(b)* | 293000 | 261997 |
| **Penske Automotive Group, Inc.** | **Penske Automotive Group, Inc.** | **Penske Automotive Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 06/15/29 *(a)(b)* | 531000 | 498195 |
| **PetSmart, Inc./PetSmart Finance Corp.** | **PetSmart, Inc./PetSmart Finance Corp.** | **PetSmart, Inc./PetSmart Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/28 *(a)(b)* | 931000 | 899524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 02/15/29 *(a)(b)* | 747000 | 728076 |
| **Phinia, Inc.** | **Phinia, Inc.** | **Phinia, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 04/15/29 *(a)(b)* | 313000 | 320312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 10/15/32 *(a)(b)* | 457000 | 454734 |
| **PM General Purchaser LLC** | **PM General Purchaser LLC** | **PM General Purchaser LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.50%, 10/01/28 *(a)(b)* | 566000 | 366626 |
| **Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.** | **Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.** | **Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 09/01/29 *(a)(b)* | 664000 | 440730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 09/01/31 *(a)(b)* | 463000 | 276064 |
| **Prime Security Services Borrower LLC/Prime Finance, Inc.** | **Prime Security Services Borrower LLC/Prime Finance, Inc.** | **Prime Security Services Borrower LLC/Prime Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 08/31/27 *(a)(b)* | 820000 | 787943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 01/15/28 *(a)(b)* | 1067000 | 1066815 |
| **QVC, Inc.** | **QVC, Inc.** | **QVC, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 04/15/29 *(b)* | 582000 | 261900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 08/15/34 *(b)* | 338000 | 138580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 03/15/43  | 235000 | 94000 |
| **Raising Cane's Restaurants LLC** | **Raising Cane's Restaurants LLC** | **Raising Cane's Restaurants LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.38%, 05/01/29 *(a)(b)* | 287000 | 304927 |
| **Rakuten Group, Inc.** | **Rakuten Group, Inc.** | **Rakuten Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.25%, 02/15/27 *(a)* | 1153000 | 1245496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.75%, 04/15/29 *(a)* | 1374000 | 1473809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 12/15/29 *(a)(b)(d)(j)* | 836000 | 805985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 04/22/31 *(a)(b)(d)(j)* | 767000 | 696255 |
| **Raven Acquisition Holdings LLC** | **Raven Acquisition Holdings LLC** | **Raven Acquisition Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 11/15/31 *(a)(b)* | 943000 | 941078 |
| **Real Hero Merger Sub 2, Inc.** | **Real Hero Merger Sub 2, Inc.** | **Real Hero Merger Sub 2, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 02/01/29 *(a)(b)* | 525000 | 410083 |
| **Resorts World Las Vegas LLC/RWLV Capital, Inc.** | **Resorts World Las Vegas LLC/RWLV Capital, Inc.** | **Resorts World Las Vegas LLC/RWLV Capital, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 04/16/29 *(a)(b)* | 725000 | 636222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.45%, 07/27/30 *(a)(b)* | 400000 | 393929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 04/06/31 *(a)(b)* | 400000 | 323307 |
| **Rivers Enterprise Borrower LLC/Rivers Enterprise Finance Corp.** | **Rivers Enterprise Borrower LLC/Rivers Enterprise Finance Corp.** | **Rivers Enterprise Borrower LLC/Rivers Enterprise Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 02/01/33 *(a)(b)* | 500000 | 493574 |
| **Royal Caribbean Cruises Ltd.** | **Royal Caribbean Cruises Ltd.** | **Royal Caribbean Cruises Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 10/15/27  | 159000 | 167447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/15/28 *(b)* | 649000 | 626646 |
| **S&S Holdings LLC** | **S&S Holdings LLC** | **S&S Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 10/01/31 *(a)(b)* | 615000 | 587481 |
| **Saks Global Enterprises LLC** | **Saks Global Enterprises LLC** | **Saks Global Enterprises LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.00%, 12/15/29 *(a)(b)* | 1700000 | 769250 |
| **Sally Holdings LLC/Sally Capital, Inc.** | **Sally Holdings LLC/Sally Capital, Inc.** | **Sally Holdings LLC/Sally Capital, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 03/01/32 *(b)* | 372000 | 378328 |
| **Scientific Games Holdings LP/Scientific Games U.S. FinCo, Inc.** | **Scientific Games Holdings LP/Scientific Games U.S. FinCo, Inc.** | **Scientific Games Holdings LP/Scientific Games U.S. FinCo, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 03/01/30 *(a)(b)* | 657000 | 623320 |
| **SeaWorld Parks & Entertainment, Inc.** | **SeaWorld Parks & Entertainment, Inc.** | **SeaWorld Parks & Entertainment, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/15/29 *(a)(b)* | 542000 | 521332 |

---

**15**

------

Schwab High Yield Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Service Corp. International** | **Service Corp. International** | **Service Corp. International** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 12/15/27 *(b)* | 340000 | 335064 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 06/01/29 *(b)* | 863000 | 854578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 08/15/30 *(b)* | 420000 | 381474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/15/31 *(b)* | 692000 | 638299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 10/15/32 *(b)* | 686000 | 682562 |
| **Shea Homes LP/Shea Homes Funding Corp.** | **Shea Homes LP/Shea Homes Funding Corp.** | **Shea Homes LP/Shea Homes Funding Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/28 *(b)* | 408000 | 397045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 04/01/29 *(b)* | 277000 | 265616 |
| **Signal Parent, Inc.** | **Signal Parent, Inc.** | **Signal Parent, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 04/01/29 *(a)(b)* | 353000 | 144730 |
| **Six Flags Entertainment Corp.** | **Six Flags Entertainment Corp.** | **Six Flags Entertainment Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/15/27 *(a)(b)* | 644000 | 644458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 05/15/31 *(a)(b)* | 505000 | 516332 |
| **Six Flags Entertainment Corp. /Six Flags Theme Parks, Inc./Canada's Wonderland** <br> **Co.** | **Six Flags Entertainment Corp. /Six Flags Theme Parks, Inc./Canada's Wonderland** <br> **Co.** | **Six Flags Entertainment Corp. /Six Flags Theme Parks, Inc./Canada's Wonderland** <br> **Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 05/01/32 *(a)(b)* | 512000 | 522308 |
| **Six Flags Entertainment Corp./Canada's Wonderland Co./Magnum Management** <br> **Corp.** | **Six Flags Entertainment Corp./Canada's Wonderland Co./Magnum Management** <br> **Corp.** | **Six Flags Entertainment Corp./Canada's Wonderland Co./Magnum Management** <br> **Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 04/15/27 *(b)* | 383000 | 383098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 10/01/28 *(b)* | 400000 | 403601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/15/29 *(b)* | 395000 | 383769 |
| **Sonic Automotive, Inc.** | **Sonic Automotive, Inc.** | **Sonic Automotive, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 11/15/29 *(a)(b)* | 476000 | 455106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 11/15/31 *(a)(b)* | 466000 | 434622 |
| **Sotheby's** | **Sotheby's** | **Sotheby's** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 10/15/27 *(a)(b)* | 651000 | 644299 |
| **Sotheby's/Bidfair Holdings, Inc.** | **Sotheby's/Bidfair Holdings, Inc.** | **Sotheby's/Bidfair Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 06/01/29 *(a)(b)* | 305000 | 264559 |
| **Speedway Motorsports LLC/Speedway Funding II, Inc.** | **Speedway Motorsports LLC/Speedway Funding II, Inc.** | **Speedway Motorsports LLC/Speedway Funding II, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 11/01/27 *(a)(b)* | 552000 | 542710 |
| **Staples, Inc.** | **Staples, Inc.** | **Staples, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.75%, 09/01/29 *(a)(b)* | 1729000 | 1573877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.75%, 01/15/30 *(a)(b)* | 697800 | 452672 |
| **Station Casinos LLC** | **Station Casinos LLC** | **Station Casinos LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/15/28 *(a)(b)* | 501000 | 486209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 12/01/31 *(a)(b)* | 539000 | 493754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 03/15/32 *(a)(b)* | 401000 | 401800 |
| **STL Holding Co. LLC** | **STL Holding Co. LLC** | **STL Holding Co. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 02/15/29 *(a)(b)* | 301000 | 315563 |
| **StoneMor, Inc.** | **StoneMor, Inc.** | **StoneMor, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 05/15/29 *(a)(b)* | 359000 | 331263 |
| **Taylor Morrison Communities, Inc.** | **Taylor Morrison Communities, Inc.** | **Taylor Morrison Communities, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 06/15/27 *(a)(b)* | 471000 | 475097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/28 *(a)(b)* | 344000 | 346250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 08/01/30 *(a)(b)* | 354000 | 345400 |
| **Tenneco, Inc.** | **Tenneco, Inc.** | **Tenneco, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 11/17/28 *(a)(b)* | 1244000 | 1225839 |
| **TKC Holdings, Inc.** | **TKC Holdings, Inc.** | **TKC Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 05/15/28 *(a)(b)* | 477000 | 474978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.50%, 05/15/29 *(a)(b)(e)* | 508000 | 522875 |
| **Travel & Leisure Co.** | **Travel & Leisure Co.** | **Travel & Leisure Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 07/31/26 *(a)(b)* | 295000 | 298228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 04/01/27 *(b)* | 414000 | 417236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 12/01/29 *(a)(b)* | 610000 | 580078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/01/30 *(a)(b)* | 384000 | 362991 |
| **Tri Pointe Homes, Inc.** | **Tri Pointe Homes, Inc.** | **Tri Pointe Homes, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 06/15/28 *(b)* | 432000 | 430916 |
| **TriNet Group, Inc.** | **TriNet Group, Inc.** | **TriNet Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/01/29 *(a)(b)* | 473000 | 437552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 08/15/31 *(a)(b)* | 325000 | 335286 |
| **Under Armour, Inc.** | **Under Armour, Inc.** | **Under Armour, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/15/26 *(b)* | 400000 | 391452 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Universal Entertainment Corp.** | **Universal Entertainment Corp.** | **Universal Entertainment Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.88%, 08/01/29 *(a)(b)(e)* | 200000 | 194862 |
| **Upbound Group, Inc.** | **Upbound Group, Inc.** | **Upbound Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 02/15/29 *(a)(b)* | 410000 | 392810 |
| **Vail Resorts, Inc.** | **Vail Resorts, Inc.** | **Vail Resorts, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 05/15/32 *(a)(b)* | 468000 | 479711 |
| **Valvoline, Inc.** | **Valvoline, Inc.** | **Valvoline, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 06/15/31 *(a)(b)* | 455000 | 404163 |
| **VF Corp.** | **VF Corp.** | **VF Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 04/23/27 *(b)* | 409000 | 384873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 04/23/30 *(b)* | 772000 | 645110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 10/15/33  | 392000 | 351828 |
| **Victoria's Secret & Co.** | **Victoria's Secret & Co.** | **Victoria's Secret & Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 07/15/29 *(a)(b)* | 536000 | 489162 |
| **Victra Holdings LLC/Victra Finance Corp.** | **Victra Holdings LLC/Victra Finance Corp.** | **Victra Holdings LLC/Victra Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 09/15/29 *(a)(b)* | 178000 | 181964 |
| **Viking Cruises Ltd.** | **Viking Cruises Ltd.** | **Viking Cruises Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 09/15/27 *(a)(b)* | 819000 | 819103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 02/15/29 *(a)(b)* | 475000 | 478652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.13%, 07/15/31 *(a)(b)* | 498000 | 535001 |
| **Viking Ocean Cruises Ship VII Ltd.** | **Viking Ocean Cruises Ship VII Ltd.** | **Viking Ocean Cruises Ship VII Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 02/15/29 *(a)(b)* | 60000 | 59338 |
| **VOC Escrow Ltd.** | **VOC Escrow Ltd.** | **VOC Escrow Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/15/28 *(a)(b)* | 664000 | 655372 |
| **Voyager Parent LLC** | **Voyager Parent LLC** | **Voyager Parent LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 07/01/32 *(a)(b)* | 1525000 | 1576505 |
| **VT Topco, Inc.** | **VT Topco, Inc.** | **VT Topco, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 08/15/30 *(a)(b)* | 485000 | 514581 |
| **Wabash National Corp.** | **Wabash National Corp.** | **Wabash National Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/15/28 *(a)(b)* | 393000 | 335877 |
| **Walgreens Boots Alliance, Inc.** | **Walgreens Boots Alliance, Inc.** | **Walgreens Boots Alliance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 06/01/26 *(b)* | 1043000 | 1020599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 08/15/29 *(b)* | 631000 | 661619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 04/15/30 *(b)* | 671000 | 639435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/18/34 *(b)* | 351000 | 334148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 11/18/44 *(b)* | 319000 | 294876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 06/01/46 *(b)* | 500000 | 451545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 04/15/50 *(b)* | 504000 | 428654 |
| **Wand NewCo 3, Inc.** | **Wand NewCo 3, Inc.** | **Wand NewCo 3, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.63%, 01/30/32 *(a)(b)* | 531000 | 552767 |
| **Wayfair LLC** | **Wayfair LLC** | **Wayfair LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 10/31/29 *(a)(b)* | 564000 | 550708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 09/15/30 *(a)(b)* | 729000 | 716061 |
| **Weekley Homes LLC/Weekley Finance Corp.** | **Weekley Homes LLC/Weekley Finance Corp.** | **Weekley Homes LLC/Weekley Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 09/15/28 *(a)(b)* | 343000 | 329960 |
| **William Carter Co.** | **William Carter Co.** | **William Carter Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 03/15/27 *(a)(b)* | 458000 | 455260 |
| **Wolverine World Wide, Inc.** | **Wolverine World Wide, Inc.** | **Wolverine World Wide, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 08/15/29 *(a)(b)* | 478000 | 418848 |
| **WW International, Inc.** | **WW International, Inc.** | **WW International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/15/29 *(a)(b)(i)(k)* | 409000 | 130880 |
| **Wyndham Hotels & Resorts, Inc.** | **Wyndham Hotels & Resorts, Inc.** | **Wyndham Hotels & Resorts, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 08/15/28 *(a)(b)* | 277000 | 268228 |
| **Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.** | **Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.** | **Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/15/27 *(a)(b)* | 578000 | 575750 |
| **Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.** | **Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.** | **Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 10/01/29 *(a)(b)* | 471000 | 459623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 02/15/31 *(a)(b)* | 690000 | 724143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 03/15/33 *(a)(b)* | 742000 | 734333 |
| **Yum! Brands, Inc.** | **Yum! Brands, Inc.** | **Yum! Brands, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/30 *(a)(b)* | 626000 | 612796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 03/15/31 *(b)* | 592000 | 538929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 01/31/32 *(b)* | 857000 | 813653 |

---

**16**

------

Schwab High Yield Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 04/01/32 *(b)* | 949000 | 939057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 11/15/37  | 532000 | 564310 |
| **ZF North America Capital, Inc.** | **ZF North America Capital, Inc.** | **ZF North America Capital, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 04/14/28 *(a)(b)* | 452000 | 448352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 04/14/30 *(a)(b)* | 440000 | 424612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 04/23/30 *(a)(b)* | 690000 | 655973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 04/23/32 *(a)(b)* | 616000 | 565565 |
| **ZipRecruiter, Inc.** | **ZipRecruiter, Inc.** | **ZipRecruiter, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/30 *(a)(b)* | 592000 | 511153 |
|  |  | **198818104** |
| ***Consumer Non-Cyclical 11.3%***  | ***Consumer Non-Cyclical 11.3%***  | ***Consumer Non-Cyclical 11.3%***  |
| **1261229 BC Ltd.** | **1261229 BC Ltd.** | **1261229 BC Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 04/15/32 *(a)(b)* | 3856000 | 3819915 |
| **180 Medical, Inc.** | **180 Medical, Inc.** | **180 Medical, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 10/15/29 *(a)(b)* | 424000 | 404316 |
| **Acadia Healthcare Co., Inc.** | **Acadia Healthcare Co., Inc.** | **Acadia Healthcare Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 07/01/28 *(a)(b)* | 409000 | 403692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/15/29 *(a)(b)* | 395000 | 378430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 03/15/33 *(a)(b)* | 459000 | 468269 |
| **ACCO Brands Corp.** | **ACCO Brands Corp.** | **ACCO Brands Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/15/29 *(a)(b)* | 512000 | 452927 |
| **Acushnet Co.** | **Acushnet Co.** | **Acushnet Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 10/15/28 *(a)(b)* | 346000 | 358867 |
| **AdaptHealth LLC** | **AdaptHealth LLC** | **AdaptHealth LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 08/01/28 *(a)(b)* | 384000 | 380329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 08/01/29 *(a)(b)* | 570000 | 526945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 03/01/30 *(a)(b)* | 436000 | 403305 |
| **AHP Health Partners, Inc.** | **AHP Health Partners, Inc.** | **AHP Health Partners, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/15/29 *(a)(b)* | 326000 | 312569 |
| **Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC** | **Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC** | **Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 01/15/27 *(a)(b)* | 630000 | 624263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 02/15/28 *(a)(b)* | 630000 | 629904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 02/15/28 *(a)(b)* | 561000 | 572762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/15/29 *(a)(b)* | 989000 | 930218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/15/30 *(a)(b)* | 996000 | 969886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 03/15/33 *(a)(b)* | 725000 | 736779 |
| **Amer Sports Co.** | **Amer Sports Co.** | **Amer Sports Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 02/16/31 *(a)(b)* | 467000 | 485932 |
| **AMN Healthcare, Inc.** | **AMN Healthcare, Inc.** | **AMN Healthcare, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 10/01/27 *(a)(b)* | 428000 | 414424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/15/29 *(a)(b)* | 352000 | 323719 |
| **Aragvi Finance International DAC** | **Aragvi Finance International DAC** | **Aragvi Finance International DAC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.13%, 11/20/29 *(a)(b)* | 508000 | 503206 |
| **Aramark Services, Inc.** | **Aramark Services, Inc.** | **Aramark Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/01/28 *(a)(b)* | 941000 | 931941 |
| **Avantor Funding, Inc.** | **Avantor Funding, Inc.** | **Avantor Funding, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 07/15/28 *(a)(b)* | 1222000 | 1191747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 11/01/29 *(a)(b)* | 652000 | 608619 |
| **B&G Foods, Inc.** | **B&G Foods, Inc.** | **B&G Foods, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/15/27 *(b)* | 453000 | 397720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 09/15/28 *(a)(b)* | 761000 | 718150 |
| **Bausch & Lomb Corp.** | **Bausch & Lomb Corp.** | **Bausch & Lomb Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 10/01/28 *(a)(b)* | 1289000 | 1334257 |
| **Bausch Health Americas, Inc.** | **Bausch Health Americas, Inc.** | **Bausch Health Americas, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 01/31/27 *(a)(b)(e)* | 402000 | 379209 |
| **Bausch Health Cos., Inc.** | **Bausch Health Cos., Inc.** | **Bausch Health Cos., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/30/28 *(a)(b)(e)* | 314000 | 248908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 06/01/28 *(a)(b)* | 1322000 | 1080173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.00%, 09/30/28 *(a)* | 1564000 | 1501909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/15/29 *(a)(b)(e)* | 454000 | 290521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 02/15/29 *(a)(b)(e)* | 430000 | 281133 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 05/30/29 *(a)(b)(e)* | 327000 | 217928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/30/30 *(a)(b)(e)* | 572000 | 325145 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 14.00%, 10/15/30 *(a)(b)* | 251000 | 218364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/15/31 *(a)(b)* | 379000 | 203083 |
| **BellRing Brands, Inc.** | **BellRing Brands, Inc.** | **BellRing Brands, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 03/15/30 *(a)(b)* | 446000 | 463873 |
| **C&S Group Enterprises LLC** | **C&S Group Enterprises LLC** | **C&S Group Enterprises LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/15/28 *(a)(b)* | 331000 | 282598 |
| **CD&R Smokey Buyer, Inc./Radio Systems Corp.** | **CD&R Smokey Buyer, Inc./Radio Systems Corp.** | **CD&R Smokey Buyer, Inc./Radio Systems Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.50%, 10/15/29 *(a)(b)* | 669000 | 556106 |
| **Central Garden & Pet Co.** | **Central Garden & Pet Co.** | **Central Garden & Pet Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 02/01/28 *(b)* | 428000 | 428351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 10/15/30 *(b)* | 407000 | 376927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 04/30/31 *(a)(b)* | 312000 | 284825 |
| **Champ Acquisition Corp.** | **Champ Acquisition Corp.** | **Champ Acquisition Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 12/01/31 *(a)(b)* | 226000 | 237861 |
| **Charles River Laboratories International, Inc.** | **Charles River Laboratories International, Inc.** | **Charles River Laboratories International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/01/28 *(a)(b)* | 548000 | 526698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 03/15/29 *(a)(b)* | 405000 | 376272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/15/31 *(a)(b)* | 405000 | 363459 |
| **Cheplapharm Arzneimittel GmbH** | **Cheplapharm Arzneimittel GmbH** | **Cheplapharm Arzneimittel GmbH** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/15/28 *(a)(b)* | 511000 | 487248 |
| **Chobani LLC/Chobani Finance Corp., Inc.** | **Chobani LLC/Chobani Finance Corp., Inc.** | **Chobani LLC/Chobani Finance Corp., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 11/15/28 *(a)(b)* | 396000 | 386083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.63%, 07/01/29 *(a)(b)* | 693000 | 727522 |
| **CHS/Community Health Systems, Inc.** | **CHS/Community Health Systems, Inc.** | **CHS/Community Health Systems, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 03/15/27 *(a)(b)* | 1533000 | 1511525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/29 *(a)(b)* | 1194000 | 1148123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 04/15/29 *(a)(b)* | 984000 | 823269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 04/01/30 *(a)(b)* | 981000 | 758773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/15/30 *(a)(b)* | 1237000 | 1115033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/31 *(a)(b)* | 819000 | 701723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.88%, 01/15/32 *(a)(b)* | 1784000 | 1903740 |
| **Concentra Health Services, Inc.** | **Concentra Health Services, Inc.** | **Concentra Health Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 07/15/32 *(a)(b)* | 674000 | 694272 |
| **CVS Health Corp.** | **CVS Health Corp.** | **CVS Health Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 12/10/54 *(b)(d)* | 755000 | 736798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 03/10/55 *(b)(d)* | 1450000 | 1464162 |
| **Darling Ingredients, Inc.** | **Darling Ingredients, Inc.** | **Darling Ingredients, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/15/27 *(a)(b)* | 520000 | 516735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/15/30 *(a)(b)* | 569000 | 570379 |
| **DaVita, Inc.** | **DaVita, Inc.** | **DaVita, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 06/01/30 *(a)(b)* | 1570000 | 1468053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 02/15/31 *(a)(b)* | 1398000 | 1239153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 09/01/32 *(a)(b)* | 775000 | 787785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 07/15/33 *(b)* | 1000000 | 1011012 |
| **Edgewell Personal Care Co.** | **Edgewell Personal Care Co.** | **Edgewell Personal Care Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/01/28 *(a)(b)* | 735000 | 723170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 04/01/29 *(a)(b)* | 444000 | 415790 |
| **Elanco Animal Health, Inc.** | **Elanco Animal Health, Inc.** | **Elanco Animal Health, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 08/28/28 *(b)* | 673000 | 693224 |
| **Embecta Corp.** | **Embecta Corp.** | **Embecta Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/15/30 *(a)(b)* | 443000 | 394405 |
| **Emergent BioSolutions, Inc.** | **Emergent BioSolutions, Inc.** | **Emergent BioSolutions, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 08/15/28 *(a)(b)* | 465000 | 352647 |
| **Encompass Health Corp.** | **Encompass Health Corp.** | **Encompass Health Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/01/28 *(b)* | 645000 | 635720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/01/30 *(b)* | 597000 | 582502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 04/01/31 *(b)* | 338000 | 322526 |
| **Endo Finance Holdings, Inc.** | **Endo Finance Holdings, Inc.** | **Endo Finance Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 04/15/31 *(a)(b)* | 546000 | 565837 |
| **Energizer Holdings, Inc.** | **Energizer Holdings, Inc.** | **Energizer Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 12/31/27 *(a)(b)* | 486000 | 489606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 06/15/28 *(a)(b)* | 312000 | 301155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/31/29 *(a)(b)* | 453000 | 426037 |

---

**17**

------

Schwab High Yield Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Fiesta Purchaser, Inc.** | **Fiesta Purchaser, Inc.** | **Fiesta Purchaser, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 03/01/31 *(a)(b)* | 510000 | 535745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.63%, 09/15/32 *(a)(b)* | 296000 | 310392 |
| **Fortrea Holdings, Inc.** | **Fortrea Holdings, Inc.** | **Fortrea Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 07/01/30 *(a)(b)(e)* | 505000 | 421604 |
| **Grifols SA** | **Grifols SA** | **Grifols SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 10/15/28 *(a)(b)* | 654000 | 622572 |
| **HAH Group Holding Co. LLC** | **HAH Group Holding Co. LLC** | **HAH Group Holding Co. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.75%, 10/01/31 *(a)(b)* | 561000 | 559116 |
| **Heartland Dental LLC/Heartland Dental Finance Corp.** | **Heartland Dental LLC/Heartland Dental Finance Corp.** | **Heartland Dental LLC/Heartland Dental Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.50%, 04/30/28 *(a)(b)* | 662000 | 700411 |
| **HLF Financing SARL LLC/Herbalife International, Inc.** | **HLF Financing SARL LLC/Herbalife International, Inc.** | **HLF Financing SARL LLC/Herbalife International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.25%, 04/15/29 *(a)(b)* | 766000 | 832505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 06/01/29 *(a)(b)* | 483000 | 397955 |
| **Hologic, Inc.** | **Hologic, Inc.** | **Hologic, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/01/28 *(a)(b)* | 569000 | 562496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 02/15/29 *(a)(b)* | 655000 | 626296 |
| **Ingles Markets, Inc.** | **Ingles Markets, Inc.** | **Ingles Markets, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/15/31 *(a)(b)* | 391000 | 358510 |
| **Insulet Corp.** | **Insulet Corp.** | **Insulet Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 04/01/33 *(a)(b)* | 382000 | 393105 |
| **IQVIA, Inc.** | **IQVIA, Inc.** | **IQVIA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/15/26 *(a)(b)* | 729000 | 727144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/15/27 *(a)(b)* | 762000 | 757859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 05/15/30 *(a)(b)* | 381000 | 389420 |
| **Jazz Securities DAC** | **Jazz Securities DAC** | **Jazz Securities DAC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 01/15/29 *(a)(b)* | 1224000 | 1174442 |
| **Kedrion SpA** | **Kedrion SpA** | **Kedrion SpA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 09/01/29 *(a)(b)* | 713000 | 687948 |
| **KeHE Distributors LLC/KeHE Finance Corp./NextWave Distribution, Inc.** | **KeHE Distributors LLC/KeHE Finance Corp./NextWave Distribution, Inc.** | **KeHE Distributors LLC/KeHE Finance Corp./NextWave Distribution, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 02/15/29 *(a)(b)* | 707000 | 737929 |
| **Kronos Acquisition Holdings, Inc.** | **Kronos Acquisition Holdings, Inc.** | **Kronos Acquisition Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 06/30/31 *(a)(b)* | 470000 | 411736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.75%, 06/30/32 *(a)(b)* | 362000 | 242250 |
| **Lamb Weston Holdings, Inc.** | **Lamb Weston Holdings, Inc.** | **Lamb Weston Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 05/15/28 *(a)(b)* | 636000 | 628638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 01/31/30 *(a)(b)* | 619000 | 584428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 01/31/32 *(a)(b)* | 551000 | 508704 |
| **LifePoint Health, Inc.** | **LifePoint Health, Inc.** | **LifePoint Health, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 01/15/29 *(a)(b)* | 479000 | 453122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.88%, 08/15/30 *(a)(b)* | 600000 | 643582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.00%, 10/15/30 *(a)(b)* | 844000 | 928899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 02/15/32 *(a)(b)* | 650000 | 684717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 06/01/32 *(a)(b)* | 567000 | 593836 |
| **MajorDrive Holdings IV LLC** | **MajorDrive Holdings IV LLC** | **MajorDrive Holdings IV LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 06/01/29 *(a)(b)* | 491000 | 372328 |
| **Mallinckrodt International Finance SA/Mallinckrodt CB LLC** | **Mallinckrodt International Finance SA/Mallinckrodt CB LLC** | **Mallinckrodt International Finance SA/Mallinckrodt CB LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 14.75%, 11/14/28 *(a)(b)* | 385641 | 401981 |
| **Medline Borrower LP** | **Medline Borrower LP** | **Medline Borrower LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 04/01/29 *(a)(b)* | 3288000 | 3101345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 10/01/29 *(a)(b)* | 2256000 | 2206423 |
| **Medline Borrower LP/Medline Co-Issuer, Inc.** | **Medline Borrower LP/Medline Co-Issuer, Inc.** | **Medline Borrower LP/Medline Co-Issuer, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 04/01/29 *(a)(b)* | 1430000 | 1456904 |
| **MPH Acquisition Holdings LLC** | **MPH Acquisition Holdings LLC** | **MPH Acquisition Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 12/31/30 *(a)(b)* | 641000 | 511691 |
| **Neogen Food Safety Corp.** | **Neogen Food Safety Corp.** | **Neogen Food Safety Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.63%, 07/20/30 *(a)(b)* | 467000 | 487317 |
| **Newell Brands, Inc.** | **Newell Brands, Inc.** | **Newell Brands, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 09/15/27 *(b)* | 423000 | 425175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 06/01/28 *(a)(b)* | 800000 | 829639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 09/15/29 *(b)* | 329000 | 318657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 05/15/30 *(b)* | 704000 | 663129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 05/15/32 *(b)* | 510000 | 471846 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 04/01/36 *(b)* | 322000 | 296447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 04/01/46 *(b)* | 662000 | 539274 |
| **Opal Bidco SAS** | **Opal Bidco SAS** | **Opal Bidco SAS** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 03/31/32 *(a)(b)* | 850000 | 849860 |
| **Option Care Health, Inc.** | **Option Care Health, Inc.** | **Option Care Health, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 10/31/29 *(a)(b)* | 403000 | 384523 |
| **Organon & Co./Organon Foreign Debt Co-Issuer BV** | **Organon & Co./Organon Foreign Debt Co-Issuer BV** | **Organon & Co./Organon Foreign Debt Co-Issuer BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 04/30/28 *(a)(b)* | 958000 | 900578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 04/30/31 *(a)(b)* | 1612000 | 1355637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 05/15/34 *(a)(b)* | 716000 | 666999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 05/15/34 *(a)(b)* | 600000 | 518221 |
| **Owens & Minor, Inc.** | **Owens & Minor, Inc.** | **Owens & Minor, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/31/29 *(a)(b)(e)* | 309000 | 252864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 04/01/30 *(a)(b)* | 458000 | 388304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 04/15/30 *(a)(b)* | 900000 | 941161 |
| **Pediatrix Medical Group, Inc.** | **Pediatrix Medical Group, Inc.** | **Pediatrix Medical Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 02/15/30 *(a)(b)* | 402000 | 389440 |
| **Performance Food Group, Inc.** | **Performance Food Group, Inc.** | **Performance Food Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/15/27 *(a)(b)* | 780000 | 777463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 08/01/29 *(a)(b)* | 758000 | 723555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 09/15/32 *(a)(b)* | 758000 | 765046 |
| **Perrigo Finance Unlimited Co.** | **Perrigo Finance Unlimited Co.** | **Perrigo Finance Unlimited Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 06/15/30 *(b)* | 616000 | 593415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 09/30/32 *(b)* | 482000 | 481518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 12/15/44 *(b)* | 387000 | 301506 |
| **Pilgrim's Pride Corp.** | **Pilgrim's Pride Corp.** | **Pilgrim's Pride Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 04/15/31 *(b)* | 539000 | 511538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/01/32 *(b)* | 402000 | 356634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 07/01/33 *(b)* | 1055000 | 1096356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 05/15/34 *(b)* | 538000 | 580400 |
| **Post Holdings, Inc.** | **Post Holdings, Inc.** | **Post Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 12/15/29 *(a)(b)* | 989000 | 977788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 04/15/30 *(a)(b)* | 1222000 | 1157718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/15/31 *(a)(b)* | 778000 | 710033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 02/15/32 *(a)(b)* | 624000 | 635210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 03/01/33 *(a)(b)* | 1044000 | 1038980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 10/15/34 *(a)(b)* | 645000 | 638730 |
| **Prestige Brands, Inc.** | **Prestige Brands, Inc.** | **Prestige Brands, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 01/15/28 *(a)(b)* | 498000 | 495957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/01/31 *(a)(b)* | 538000 | 488684 |
| **Prime Healthcare Services, Inc.** | **Prime Healthcare Services, Inc.** | **Prime Healthcare Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.38%, 09/01/29 *(a)(b)* | 1159000 | 1178256 |
| **Primo Water Holdings, Inc./Triton Water Holdings, Inc.** | **Primo Water Holdings, Inc./Triton Water Holdings, Inc.** | **Primo Water Holdings, Inc./Triton Water Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 04/01/29 *(a)(b)* | 400000 | 400952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 04/30/29 *(a)(b)* | 687000 | 660049 |
| **Safeway, Inc.** | **Safeway, Inc.** | **Safeway, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 02/01/31  | 192000 | 200057 |
| **Scotts Miracle-Gro Co.** | **Scotts Miracle-Gro Co.** | **Scotts Miracle-Gro Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 12/15/26 *(b)* | 693000 | 694579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/15/29 *(b)* | 209000 | 198969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/01/31 *(b)* | 343000 | 308414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 02/01/32 *(b)* | 252000 | 227134 |
| **Select Medical Corp.** | **Select Medical Corp.** | **Select Medical Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 12/01/32 *(a)(b)* | 455000 | 451328 |
| **Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food,** <br> **Inc./Simmons Feed** | **Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food,** <br> **Inc./Simmons Feed** | **Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food,** <br> **Inc./Simmons Feed** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/01/29 *(a)(b)* | 629000 | 586842 |
| **Somnigroup International, Inc.** | **Somnigroup International, Inc.** | **Somnigroup International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/15/29 *(a)(b)* | 615000 | 579873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 10/15/31 *(a)(b)* | 574000 | 511609 |
| **Sotera Health Holdings LLC** | **Sotera Health Holdings LLC** | **Sotera Health Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 06/01/31 *(a)(b)* | 417000 | 433668 |
| **Spectrum Brands, Inc.** | **Spectrum Brands, Inc.** | **Spectrum Brands, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 03/15/31 *(a)(b)* | 15000 | 12050 |

---

**18**

------

Schwab High Yield Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Star Parent, Inc.** | **Star Parent, Inc.** | **Star Parent, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 10/01/30 *(a)(b)* | 749000 | 775079 |
| **Surgery Center Holdings, Inc.** | **Surgery Center Holdings, Inc.** | **Surgery Center Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 04/15/32 *(a)(b)* | 759000 | 758484 |
| **SWF Holdings I Corp.** | **SWF Holdings I Corp.** | **SWF Holdings I Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 10/01/29 *(a)(b)* | 389000 | 155650 |
| **Teleflex, Inc.** | **Teleflex, Inc.** | **Teleflex, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 11/15/27 *(b)* | 455000 | 448303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/01/28 *(a)(b)* | 415000 | 401089 |
| **Tenet Healthcare Corp.** | **Tenet Healthcare Corp.** | **Tenet Healthcare Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 02/01/27 *(b)* | 959000 | 960281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 11/01/27 *(b)* | 1612000 | 1602985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 06/15/28 *(b)* | 785000 | 770244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 10/01/28 *(b)* | 1497000 | 1500178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/01/29 *(b)* | 1388000 | 1333782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 01/15/30 *(b)* | 1270000 | 1214826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 06/15/30 *(b)* | 1402000 | 1417490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 05/15/31 *(a)(b)* | 902000 | 929671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 11/15/31  | 366000 | 384615 |
| **Thor Industries, Inc.** | **Thor Industries, Inc.** | **Thor Industries, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/15/29 *(a)(b)* | 478000 | 442440 |
| **Toledo Hospital** | **Toledo Hospital** | **Toledo Hospital** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.98%, 11/15/45 *(b)* | 276000 | 211416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.02%, 11/15/48  | 456000 | 401850 |
| **TreeHouse Foods, Inc.** | **TreeHouse Foods, Inc.** | **TreeHouse Foods, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 09/01/28 *(b)* | 486000 | 443201 |
| **Turning Point Brands, Inc.** | **Turning Point Brands, Inc.** | **Turning Point Brands, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.63%, 03/15/32 *(a)(b)* | 200000 | 210803 |
| **U.S. Acute Care Solutions LLC** | **U.S. Acute Care Solutions LLC** | **U.S. Acute Care Solutions LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.75%, 05/15/29 *(a)(b)* | 380000 | 386703 |
| **U.S. Foods, Inc.** | **U.S. Foods, Inc.** | **U.S. Foods, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 09/15/28 *(a)(b)* | 539000 | 554891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/29 *(a)(b)* | 450000 | 440401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 06/01/30 *(a)(b)* | 551000 | 530354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 01/15/32 *(a)(b)* | 339000 | 354721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/15/33 *(a)(b)* | 437000 | 430402 |
| **United Natural Foods, Inc.** | **United Natural Foods, Inc.** | **United Natural Foods, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 10/15/28 *(a)(b)* | 361000 | 359000 |
| **Varex Imaging Corp.** | **Varex Imaging Corp.** | **Varex Imaging Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 10/15/27 *(a)(b)* | 405000 | 403462 |
| **Viking Baked Goods Acquisition Corp.** | **Viking Baked Goods Acquisition Corp.** | **Viking Baked Goods Acquisition Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.63%, 11/01/31 *(a)(b)* | 691000 | 653202 |
| **Whirlpool Corp.** | **Whirlpool Corp.** | **Whirlpool Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/26/29 *(b)* | 550000 | 533699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 05/15/31 *(b)* | 250000 | 205819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/01/33 *(b)* | 250000 | 235783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/01/34 *(b)* | 250000 | 236394 |
|  |  | **125547074** |
| ***Energy 10.7%***  | ***Energy 10.7%***  | ***Energy 10.7%***  |
| **Aethon United BR LP/Aethon United Finance Corp.** | **Aethon United BR LP/Aethon United Finance Corp.** | **Aethon United BR LP/Aethon United Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 10/01/29 *(a)(b)* | 670000 | 687074 |
| **AltaGas Ltd.** | **AltaGas Ltd.** | **AltaGas Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.20%, 10/15/54 *(a)(b)(d)* | 727000 | 712851 |
| **AmeriGas Partners LP/AmeriGas Finance Corp.** | **AmeriGas Partners LP/AmeriGas Finance Corp.** | **AmeriGas Partners LP/AmeriGas Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 08/20/26 *(b)* | 510000 | 516956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 05/20/27 *(b)* | 444000 | 434785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.38%, 06/01/28 *(a)(b)* | 410000 | 414339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.50%, 06/01/30 *(a)(b)* | 450000 | 454825 |
| **Antero Midstream Partners LP/Antero Midstream Finance Corp.** | **Antero Midstream Partners LP/Antero Midstream Finance Corp.** | **Antero Midstream Partners LP/Antero Midstream Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/01/27 *(a)(b)* | 386000 | 385905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/28 *(a)(b)* | 594000 | 592081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 06/15/29 *(a)(b)* | 853000 | 844853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 02/01/32 *(a)(b)* | 453000 | 463047 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Archrock Partners LP/Archrock Partners Finance Corp.** | **Archrock Partners LP/Archrock Partners Finance Corp.** | **Archrock Partners LP/Archrock Partners Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 04/01/27 *(a)(b)* | 126000 | 126274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 04/01/28 *(a)(b)* | 625000 | 624439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 09/01/32 *(a)(b)* | 551000 | 554284 |
| **Aris Water Holdings LLC** | **Aris Water Holdings LLC** | **Aris Water Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 04/01/30 *(a)(b)* | 580000 | 583551 |
| **Ascent Resources Utica Holdings LLC/ARU Finance Corp.** | **Ascent Resources Utica Holdings LLC/ARU Finance Corp.** | **Ascent Resources Utica Holdings LLC/ARU Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 11/01/27 *(a)(b)* | 121000 | 145290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 12/31/28 *(a)(b)* | 691000 | 701930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 06/30/29 *(a)(b)* | 287000 | 286166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 10/15/32 *(a)(b)* | 411000 | 413724 |
| **Baytex Energy Corp.** | **Baytex Energy Corp.** | **Baytex Energy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 04/30/30 *(a)(b)* | 598000 | 580007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 03/15/32 *(a)(b)* | 613000 | 557026 |
| **Blue Racer Midstream LLC/Blue Racer Finance Corp.** | **Blue Racer Midstream LLC/Blue Racer Finance Corp.** | **Blue Racer Midstream LLC/Blue Racer Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 07/15/26 *(a)(b)* | 313000 | 314043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 07/15/29 *(a)(b)* | 292000 | 301910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 07/15/32 *(a)(b)* | 373000 | 387030 |
| **Borr IHC Ltd./Borr Finance LLC** | **Borr IHC Ltd./Borr Finance LLC** | **Borr IHC Ltd./Borr Finance LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 11/15/28 *(a)(b)* | 989694 | 857689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.38%, 11/15/30 *(a)(b)* | 550953 | 448206 |
| **Bristow Group, Inc.** | **Bristow Group, Inc.** | **Bristow Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 03/01/28 *(a)(b)* | 405000 | 404173 |
| **Buckeye Partners LP** | **Buckeye Partners LP** | **Buckeye Partners LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 12/01/26 *(b)* | 610000 | 598533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/01/28 *(a)(b)* | 361000 | 352932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 07/01/29 *(a)(b)* | 515000 | 529840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 02/01/30 *(a)(b)* | 463000 | 478204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 11/15/43 *(b)* | 476000 | 402371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 10/15/44 *(b)* | 324000 | 266876 |
| **California Resources Corp.** | **California Resources Corp.** | **California Resources Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 06/15/29 *(a)(b)* | 737000 | 739036 |
| **Calumet Specialty Products Partners LP/Calumet Finance Corp.** | **Calumet Specialty Products Partners LP/Calumet Finance Corp.** | **Calumet Specialty Products Partners LP/Calumet Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 01/15/27 *(a)(b)* | 324000 | 312915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.75%, 07/15/28 *(a)(b)* | 330000 | 319648 |
| **Chord Energy Corp.** | **Chord Energy Corp.** | **Chord Energy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 03/15/33 *(a)(b)* | 650000 | 646035 |
| **CITGO Petroleum Corp.** | **CITGO Petroleum Corp.** | **CITGO Petroleum Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 06/15/26 *(a)(b)* | 365000 | 365847 |
| **Civitas Resources, Inc.** | **Civitas Resources, Inc.** | **Civitas Resources, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/15/26 *(a)(b)* | 500000 | 491302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 07/01/28 *(a)(b)* | 1054000 | 1063228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.63%, 11/01/30 *(a)(b)* | 806000 | 795567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 07/01/31 *(a)(b)* | 1069000 | 1046504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.63%, 06/15/33 *(a)(b)* | 300000 | 300821 |
| **CNX Midstream Partners LP** | **CNX Midstream Partners LP** | **CNX Midstream Partners LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 04/15/30 *(a)(b)* | 494000 | 458389 |
| **CNX Resources Corp.** | **CNX Resources Corp.** | **CNX Resources Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/29 *(a)(b)* | 492000 | 488758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 01/15/31 *(a)(b)* | 487000 | 498950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 03/01/32 *(a)(b)* | 450000 | 458866 |
| **Comstock Resources, Inc.** | **Comstock Resources, Inc.** | **Comstock Resources, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 03/01/29 *(a)(b)* | 1444000 | 1422899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 01/15/30 *(a)(b)* | 751000 | 710855 |
| **CQP Holdco LP/BIP-V Chinook Holdco LLC** | **CQP Holdco LP/BIP-V Chinook Holdco LLC** | **CQP Holdco LP/BIP-V Chinook Holdco LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/15/31 *(a)(b)* | 985000 | 947304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 12/15/33 *(a)(b)* | 515000 | 545580 |
| **Crescent Energy Finance LLC** | **Crescent Energy Finance LLC** | **Crescent Energy Finance LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 02/15/28 *(a)(b)* | 787000 | 813278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.63%, 04/01/32 *(a)(b)* | 877000 | 827538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 01/15/33 *(a)(b)* | 798000 | 741279 |
| **CVR Energy, Inc.** | **CVR Energy, Inc.** | **CVR Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/15/28 *(a)(b)* | 401000 | 382093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 01/15/29 *(a)(b)* | 500000 | 488539 |

---

**19**

------

Schwab High Yield Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Delek Logistics Partners LP/Delek Logistics Finance Corp.** | **Delek Logistics Partners LP/Delek Logistics Finance Corp.** | **Delek Logistics Partners LP/Delek Logistics Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 06/01/28 *(a)(b)* | 395000 | 397973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.63%, 03/15/29 *(a)(b)* | 629000 | 652042 |
| **Diamond Foreign Asset Co./Diamond Finance LLC** | **Diamond Foreign Asset Co./Diamond Finance LLC** | **Diamond Foreign Asset Co./Diamond Finance LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 10/01/30 *(a)(b)* | 409000 | 410060 |
| **Encino Acquisition Partners Holdings LLC** | **Encino Acquisition Partners Holdings LLC** | **Encino Acquisition Partners Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 05/01/28 *(a)(b)* | 628000 | 644560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 05/01/31 *(a)(b)* | 373000 | 407688 |
| **Enerflex Ltd.** | **Enerflex Ltd.** | **Enerflex Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 10/15/27 *(a)(b)* | 494000 | 509281 |
| **Energean PLC** | **Energean PLC** | **Energean PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 04/30/27 *(a)(b)* | 447000 | 438731 |
| **Energy Transfer LP** | **Energy Transfer LP** | **Energy Transfer LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 05/15/54 *(b)(d)* | 514000 | 539252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 10/01/54 *(b)(d)* | 388000 | 391353 |
| **Excelerate Energy LP** | **Excelerate Energy LP** | **Excelerate Energy LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 05/15/30 *(a)(b)* | 626000 | 648524 |
| **Ferrellgas LP/Ferrellgas Finance Corp.** | **Ferrellgas LP/Ferrellgas Finance Corp.** | **Ferrellgas LP/Ferrellgas Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 04/01/29 *(a)(b)* | 691000 | 626179 |
| **FTAI Infra Escrow Holdings LLC** | **FTAI Infra Escrow Holdings LLC** | **FTAI Infra Escrow Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.50%, 06/01/27 *(a)(b)* | 613000 | 633458 |
| **Genesis Energy LP/Genesis Energy Finance Corp.** | **Genesis Energy LP/Genesis Energy Finance Corp.** | **Genesis Energy LP/Genesis Energy Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 02/01/28 *(b)* | 419000 | 422931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 01/15/29 *(b)* | 382000 | 395618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 04/15/30 *(b)* | 513000 | 539126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 05/15/32 *(b)* | 523000 | 530084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 05/15/33 *(b)* | 574000 | 582938 |
| **Global Marine, Inc.** | **Global Marine, Inc.** | **Global Marine, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 06/01/28  | 298000 | 269690 |
| **Global Partners LP/GLP Finance Corp.** | **Global Partners LP/GLP Finance Corp.** | **Global Partners LP/GLP Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 08/01/27 *(b)* | 430000 | 431339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 01/15/29 *(b)* | 289000 | 290420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 01/15/32 *(a)(b)* | 291000 | 302741 |
| **Gulfport Energy Operating Corp.** | **Gulfport Energy Operating Corp.** | **Gulfport Energy Operating Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 09/01/29 *(a)(b)* | 440000 | 446910 |
| **Harvest Midstream I LP** | **Harvest Midstream I LP** | **Harvest Midstream I LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 09/01/28 *(a)(b)* | 653000 | 663568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 05/15/32 *(a)(b)* | 375000 | 385622 |
| **Helix Energy Solutions Group, Inc.** | **Helix Energy Solutions Group, Inc.** | **Helix Energy Solutions Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.75%, 03/01/29 *(a)(b)* | 389000 | 403784 |
| **Hess Midstream Operations LP** | **Hess Midstream Operations LP** | **Hess Midstream Operations LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 06/15/28 *(a)(b)* | 444000 | 438423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 06/01/29 *(a)(b)* | 712000 | 727321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/15/30 *(a)(b)* | 797000 | 760299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/15/30 *(a)(b)* | 502000 | 496664 |
| **Hilcorp Energy I LP/Hilcorp Finance Co.** | **Hilcorp Energy I LP/Hilcorp Finance Co.** | **Hilcorp Energy I LP/Hilcorp Finance Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 11/01/28 *(a)(b)* | 427000 | 422125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/01/29 *(a)(b)* | 472000 | 451309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 04/15/30 *(a)(b)* | 418000 | 396935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 02/01/31 *(a)(b)* | 464000 | 427826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 04/15/32 *(a)(b)* | 408000 | 372148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 11/01/33 *(a)(b)* | 426000 | 424343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 05/15/34 *(a)(b)* | 646000 | 585892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 02/15/35 *(a)(b)* | 743000 | 689140 |
| **Howard Midstream Energy Partners LLC** | **Howard Midstream Energy Partners LLC** | **Howard Midstream Energy Partners LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 07/15/28 *(a)(b)* | 327000 | 342245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 07/15/32 *(a)(b)* | 544000 | 563399 |
| **Ithaca Energy North Sea PLC** | **Ithaca Energy North Sea PLC** | **Ithaca Energy North Sea PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 10/15/29 *(a)(b)* | 345000 | 346777 |
| **ITT Holdings LLC** | **ITT Holdings LLC** | **ITT Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 08/01/29 *(a)(b)* | 931000 | 869954 |
| **Karoon USA Finance, Inc.** | **Karoon USA Finance, Inc.** | **Karoon USA Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.50%, 05/14/29 *(a)(b)(e)* | 382000 | 382118 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Kimmeridge Texas Gas LLC** | **Kimmeridge Texas Gas LLC** | **Kimmeridge Texas Gas LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 02/15/30 *(a)(b)* | 490000 | 484752 |
| **Kinetik Holdings LP** | **Kinetik Holdings LP** | **Kinetik Holdings LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 12/15/28 *(a)(b)* | 882000 | 900110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 06/15/30 *(a)(b)* | 557000 | 554083 |
| **Kodiak Gas Services LLC** | **Kodiak Gas Services LLC** | **Kodiak Gas Services LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 02/15/29 *(a)(b)* | 611000 | 626567 |
| **Kraken Oil & Gas Partners LLC** | **Kraken Oil & Gas Partners LLC** | **Kraken Oil & Gas Partners LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.63%, 08/15/29 *(a)(b)* | 489000 | 463835 |
| **Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp.** | **Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp.** | **Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 12/01/32 *(a)(b)* | 268000 | 265625 |
| **Martin Midstream Partners LP/Martin Midstream Finance Corp.** | **Martin Midstream Partners LP/Martin Midstream Finance Corp.** | **Martin Midstream Partners LP/Martin Midstream Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.50%, 02/15/28 *(a)(b)* | 308000 | 326528 |
| **Matador Resources Co.** | **Matador Resources Co.** | **Matador Resources Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 04/15/28 *(a)(b)* | 332000 | 336815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 04/15/32 *(a)(b)* | 667000 | 653684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 04/15/33 *(a)(b)* | 740000 | 714645 |
| **MEG Energy Corp.** | **MEG Energy Corp.** | **MEG Energy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 02/01/29 *(a)(b)* | 468000 | 465909 |
| **Moss Creek Resources Holdings, Inc.** | **Moss Creek Resources Holdings, Inc.** | **Moss Creek Resources Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 09/01/31 *(a)(b)* | 539000 | 520095 |
| **Murphy Oil Corp.** | **Murphy Oil Corp.** | **Murphy Oil Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 10/01/32 *(b)* | 521000 | 486230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 12/01/42 *(b)* | 394000 | 305366 |
| **Nabors Industries Ltd.** | **Nabors Industries Ltd.** | **Nabors Industries Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 01/15/28 *(a)(b)(e)* | 305000 | 255066 |
| **Nabors Industries, Inc.** | **Nabors Industries, Inc.** | **Nabors Industries, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 05/15/27 *(a)(b)* | 611000 | 587152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.13%, 01/31/30 *(a)(b)* | 545000 | 497071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 08/15/31 *(a)(b)* | 486000 | 333015 |
| **New Fortress Energy, Inc.** | **New Fortress Energy, Inc.** | **New Fortress Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 09/30/26 *(a)(b)(e)* | 587000 | 352772 |
| **NFE Financing LLC** | **NFE Financing LLC** | **NFE Financing LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.00%, 11/15/29 *(a)(b)* | 2134000 | 917479 |
| **NGL Energy Operating LLC/NGL Energy Finance Corp.** | **NGL Energy Operating LLC/NGL Energy Finance Corp.** | **NGL Energy Operating LLC/NGL Energy Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 02/15/29 *(a)(b)* | 706000 | 690850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 02/15/32 *(a)(b)* | 1150000 | 1088393 |
| **Nine Energy Service, Inc.** | **Nine Energy Service, Inc.** | **Nine Energy Service, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 13.00%, 02/01/28 *(b)* | 248000 | 141579 |
| **Noble Finance II LLC** | **Noble Finance II LLC** | **Noble Finance II LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 04/15/30 *(a)(b)* | 775000 | 772845 |
| **Northern Oil & Gas, Inc.** | **Northern Oil & Gas, Inc.** | **Northern Oil & Gas, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 03/01/28 *(a)(b)* | 399000 | 400956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 06/15/31 *(a)(b)* | 537000 | 541952 |
| **Northriver Midstream Finance LP** | **Northriver Midstream Finance LP** | **Northriver Midstream Finance LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 07/15/32 *(a)(b)* | 364000 | 367628 |
| **NuStar Logistics LP** | **NuStar Logistics LP** | **NuStar Logistics LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/01/26 *(b)* | 555000 | 558661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 04/28/27 *(b)* | 358000 | 359115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 10/01/30 *(b)* | 445000 | 453677 |
| **Oceaneering International, Inc.** | **Oceaneering International, Inc.** | **Oceaneering International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 02/01/28 *(b)* | 252000 | 248762 |
| **PBF Holding Co. LLC/PBF Finance Corp.** | **PBF Holding Co. LLC/PBF Finance Corp.** | **PBF Holding Co. LLC/PBF Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 02/15/28 *(b)* | 598000 | 555722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.88%, 03/15/30 *(a)(b)* | 669000 | 640202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 09/15/30 *(a)(b)* | 500000 | 435144 |
| **Permian Resources Operating LLC** | **Permian Resources Operating LLC** | **Permian Resources Operating LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 04/15/27 *(a)(b)* | 589000 | 600027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 07/01/29 *(a)(b)* | 392000 | 387427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.88%, 07/15/31 *(a)(b)* | 525000 | 573707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 01/15/32 *(a)(b)* | 734000 | 753403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 02/01/33 *(a)(b)* | 712000 | 703105 |
| **Prairie Acquiror LP** | **Prairie Acquiror LP** | **Prairie Acquiror LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 08/01/29 *(a)(b)* | 453000 | 460897 |

---

**20**

------

Schwab High Yield Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Precision Drilling Corp.** | **Precision Drilling Corp.** | **Precision Drilling Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 01/15/29 *(a)(b)* | 335000 | 322018 |
| **Range Resources Corp.** | **Range Resources Corp.** | **Range Resources Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 01/15/29 *(b)* | 335000 | 344349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/30 *(a)(b)* | 464000 | 446289 |
| **Rockies Express Pipeline LLC** | **Rockies Express Pipeline LLC** | **Rockies Express Pipeline LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 07/15/29 *(a)(b)* | 425000 | 410781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 05/15/30 *(a)(b)* | 530000 | 501017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 03/15/33 *(a)(b)* | 375000 | 386699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 04/15/40 *(a)* | 636000 | 609687 |
| **Saturn Oil & Gas, Inc.** | **Saturn Oil & Gas, Inc.** | **Saturn Oil & Gas, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.63%, 06/15/29 *(a)(b)* | 500000 | 458301 |
| **Seadrill Finance Ltd.** | **Seadrill Finance Ltd.** | **Seadrill Finance Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 08/01/30 *(a)(b)* | 547000 | 536382 |
| **Sitio Royalties Operating Partnership LP/Sitio Finance Corp.** | **Sitio Royalties Operating Partnership LP/Sitio Finance Corp.** | **Sitio Royalties Operating Partnership LP/Sitio Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 11/01/28 *(a)(b)* | 525000 | 541886 |
| **SM Energy Co.** | **SM Energy Co.** | **SM Energy Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 09/15/26 *(b)* | 584000 | 583518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 01/15/27 *(b)* | 575000 | 576048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 07/15/28 *(b)* | 322000 | 320511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 08/01/29 *(a)(b)* | 528000 | 517770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 08/01/32 *(a)(b)* | 585000 | 562140 |
| **South Bow Canadian Infrastructure Holdings Ltd.** | **South Bow Canadian Infrastructure Holdings Ltd.** | **South Bow Canadian Infrastructure Holdings Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 03/01/55 *(a)(b)(d)* | 395000 | 394272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.63%, 03/01/55 *(a)(b)(d)* | 477000 | 481928 |
| **Star Holding LLC** | **Star Holding LLC** | **Star Holding LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 08/01/31 *(a)(b)* | 289000 | 261105 |
| **Strathcona Resources Ltd.** | **Strathcona Resources Ltd.** | **Strathcona Resources Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 08/01/26 *(a)(b)* | 188000 | 188999 |
| **Suburban Propane Partners LP/Suburban Energy Finance Corp.** | **Suburban Propane Partners LP/Suburban Energy Finance Corp.** | **Suburban Propane Partners LP/Suburban Energy Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 03/01/27 *(b)* | 455000 | 454277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/01/31 *(a)(b)* | 530000 | 494125 |
| **Summit Midstream Holdings LLC** | **Summit Midstream Holdings LLC** | **Summit Midstream Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.63%, 10/31/29 *(a)(b)* | 729000 | 731183 |
| **Sunoco LP** | **Sunoco LP** | **Sunoco LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 05/01/29 *(a)(b)* | 484000 | 499821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 05/01/32 *(a)(b)* | 616000 | 640880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 07/01/33 *(a)(b)* | 779000 | 779617 |
| **Sunoco LP/Sunoco Finance Corp.** | **Sunoco LP/Sunoco Finance Corp.** | **Sunoco LP/Sunoco Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 04/15/27 *(b)* | 574000 | 574052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 03/15/28 *(b)* | 702000 | 700806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 09/15/28 *(a)(b)* | 519000 | 532352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/15/29 *(b)* | 202000 | 193663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/30/30 *(b)* | 741000 | 699911 |
| **Superior Plus LP/Superior General Partner, Inc.** | **Superior Plus LP/Superior General Partner, Inc.** | **Superior Plus LP/Superior General Partner, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/15/29 *(a)(b)* | 528000 | 502373 |
| **Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.** | **Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.** | **Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 03/01/27 *(a)(b)* | 627000 | 626574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/15/28 *(a)(b)* | 383000 | 380860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 02/15/29 *(a)(b)* | 448000 | 456070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 12/31/30 *(a)(b)* | 629000 | 603265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 09/01/31 *(a)(b)* | 461000 | 439760 |
| **Talos Production, Inc.** | **Talos Production, Inc.** | **Talos Production, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 02/01/29 *(a)(b)* | 615000 | 611394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.38%, 02/01/31 *(a)(b)* | 567000 | 557981 |
| **TGNR Intermediate Holdings LLC** | **TGNR Intermediate Holdings LLC** | **TGNR Intermediate Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/15/29 *(a)(b)* | 542000 | 512307 |
| **TGS ASA** | **TGS ASA** | **TGS ASA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 01/15/30 *(a)(b)* | 444000 | 453972 |
| **TransMontaigne Partners LLC** | **TransMontaigne Partners LLC** | **TransMontaigne Partners LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 06/15/30 *(a)(b)* | 443000 | 452598 |
| **Transocean Aquila Ltd.** | **Transocean Aquila Ltd.** | **Transocean Aquila Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 09/30/28 *(a)(b)* | 212000 | 212806 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Transocean Poseidon Ltd.** | **Transocean Poseidon Ltd.** | **Transocean Poseidon Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 02/01/27 *(a)(b)* | 468825 | 472185 |
| **Transocean Titan Financing Ltd.** | **Transocean Titan Financing Ltd.** | **Transocean Titan Financing Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 02/01/28 *(a)(b)* | 400809 | 407342 |
| **Transocean, Inc.** | **Transocean, Inc.** | **Transocean, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 02/01/27 *(a)(b)* | 538000 | 526416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 05/15/29 *(a)(b)* | 732000 | 660770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 02/15/30 *(a)(b)* | 460000 | 466695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 04/15/31 *(e)* | 335000 | 263675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 05/15/31 *(a)(b)* | 729000 | 627174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.80%, 03/15/38  | 652000 | 445048 |
| **USA Compression Partners LP/USA Compression Finance Corp.** | **USA Compression Partners LP/USA Compression Finance Corp.** | **USA Compression Partners LP/USA Compression Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 09/01/27 *(b)* | 558000 | 558186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 03/15/29 *(a)(b)* | 820000 | 833601 |
| **Valaris Ltd.** | **Valaris Ltd.** | **Valaris Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 04/30/30 *(a)(b)* | 896000 | 900262 |
| **Venture Global Calcasieu Pass LLC** | **Venture Global Calcasieu Pass LLC** | **Venture Global Calcasieu Pass LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 08/15/29 *(a)(b)* | 951000 | 884597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 01/15/30 *(a)(b)* | 781000 | 792245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 08/15/31 *(a)(b)* | 811000 | 734311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 11/01/33 *(a)(b)* | 1125000 | 961948 |
| **Venture Global LNG, Inc.** | **Venture Global LNG, Inc.** | **Venture Global LNG, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 06/01/28 *(a)(b)* | 1890000 | 1935615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.50%, 02/01/29 *(a)(b)* | 2337000 | 2500055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 01/15/30 *(a)(b)* | 1376000 | 1371025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 06/01/31 *(a)(b)* | 1722000 | 1749366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.88%, 02/01/32 *(a)(b)* | 1867000 | 1987367 |
| **Venture Global Plaquemines LNG LLC** | **Venture Global Plaquemines LNG LLC** | **Venture Global Plaquemines LNG LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 05/01/33 *(a)(b)* | 1211000 | 1265904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 05/01/35 *(a)(b)* | 1034000 | 1089770 |
| **Vermilion Energy, Inc.** | **Vermilion Energy, Inc.** | **Vermilion Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 05/01/30 *(a)(b)* | 616000 | 561243 |
| **Viper Energy, Inc.** | **Viper Energy, Inc.** | **Viper Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 11/01/27 *(a)(b)* | 264000 | 262859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 11/01/31 *(a)(b)* | 485000 | 508901 |
| **Viridien** | **Viridien** | **Viridien** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 10/15/30 *(a)(b)* | 350000 | 330617 |
| **Vital Energy, Inc.** | **Vital Energy, Inc.** | **Vital Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 07/31/29 *(a)(b)* | 402000 | 339056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.75%, 10/15/30 *(b)* | 235000 | 207306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 04/15/32 *(a)(b)(e)* | 830000 | 673929 |
| **W&T Offshore, Inc.** | **W&T Offshore, Inc.** | **W&T Offshore, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.75%, 02/01/29 *(a)(b)(e)* | 381000 | 329808 |
| **Weatherford International Ltd.** | **Weatherford International Ltd.** | **Weatherford International Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.63%, 04/30/30 *(a)(b)* | 1246000 | 1266614 |
| **Wildfire Intermediate Holdings LLC** | **Wildfire Intermediate Holdings LLC** | **Wildfire Intermediate Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 10/15/29 *(a)(b)* | 493000 | 478063 |
|  |  | **118674386** |
| ***Industrial Other 1.2%***  | ***Industrial Other 1.2%***  | ***Industrial Other 1.2%***  |
| **Adtalem Global Education, Inc.** | **Adtalem Global Education, Inc.** | **Adtalem Global Education, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/01/28 *(a)(b)* | 324000 | 321683 |
| **AECOM** | **AECOM** | **AECOM** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 03/15/27 *(b)* | 629000 | 628917 |
| **Albion Financing 1 SARL/Aggreko Holdings, Inc.** | **Albion Financing 1 SARL/Aggreko Holdings, Inc.** | **Albion Financing 1 SARL/Aggreko Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 05/21/30 *(a)(b)* | 1150000 | 1169169 |
| **APi Group DE, Inc.** | **APi Group DE, Inc.** | **APi Group DE, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 07/15/29 *(a)(b)* | 286000 | 270767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 10/15/29 *(a)(b)* | 356000 | 346918 |
| **Arcosa, Inc.** | **Arcosa, Inc.** | **Arcosa, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 04/15/29 *(a)(b)* | 297000 | 283319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 08/15/32 *(a)(b)* | 318000 | 326304 |
| **Artera Services LLC** | **Artera Services LLC** | **Artera Services LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 02/15/31 *(a)(b)* | 731000 | 621849 |

---

**21**

------

Schwab High Yield Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Brand Industrial Services, Inc.** | **Brand Industrial Services, Inc.** | **Brand Industrial Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.38%, 08/01/30 *(a)(b)* | 1150000 | 1032903 |
| **Brundage-Bone Concrete Pumping Holdings, Inc.** | **Brundage-Bone Concrete Pumping Holdings, Inc.** | **Brundage-Bone Concrete Pumping Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 02/01/32 *(a)(b)* | 555000 | 554423 |
| **Dycom Industries, Inc.** | **Dycom Industries, Inc.** | **Dycom Industries, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/15/29 *(a)(b)* | 380000 | 365925 |
| **Fluor Corp.** | **Fluor Corp.** | **Fluor Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/15/28 *(b)* | 515000 | 502395 |
| **Global Infrastructure Solutions, Inc.** | **Global Infrastructure Solutions, Inc.** | **Global Infrastructure Solutions, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 04/15/32 *(a)(b)* | 493000 | 492356 |
| **Grand Canyon University** | **Grand Canyon University** | **Grand Canyon University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 10/01/28 *(b)* | 147000 | 139327 |
| **Great Lakes Dredge & Dock Corp.** | **Great Lakes Dredge & Dock Corp.** | **Great Lakes Dredge & Dock Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/01/29 *(a)(b)* | 415000 | 389324 |
| **Hillenbrand, Inc.** | **Hillenbrand, Inc.** | **Hillenbrand, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/15/26 *(b)* | 465000 | 462505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 02/15/29 *(b)* | 442000 | 444078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 03/01/31 *(b)* | 359000 | 315095 |
| **Installed Building Products, Inc.** | **Installed Building Products, Inc.** | **Installed Building Products, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/01/28 *(a)(b)* | 281000 | 280157 |
| **KBR, Inc.** | **KBR, Inc.** | **KBR, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 09/30/28 *(a)(b)* | 195000 | 187552 |
| **Park-Ohio Industries, Inc.** | **Park-Ohio Industries, Inc.** | **Park-Ohio Industries, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 04/15/27 *(b)* | 450000 | 436913 |
| **Pike Corp.** | **Pike Corp.** | **Pike Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/01/28 *(a)(b)* | 419000 | 415960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.63%, 01/31/31 *(a)(b)* | 274000 | 295462 |
| **Steelcase, Inc.** | **Steelcase, Inc.** | **Steelcase, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 01/18/29 *(b)* | 322000 | 312926 |
| **TopBuild Corp.** | **TopBuild Corp.** | **TopBuild Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 03/15/29 *(a)(b)* | 296000 | 277337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 02/15/32 *(a)(b)* | 359000 | 325871 |
| **Tutor Perini Corp.** | **Tutor Perini Corp.** | **Tutor Perini Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.88%, 04/30/29 *(a)(b)* | 154000 | 171485 |
| **Vericast Corp./Harland Clarke/Checks in the Mail/Valassis Comm/Valassis Direct** | **Vericast Corp./Harland Clarke/Checks in the Mail/Valassis Comm/Valassis Direct** | **Vericast Corp./Harland Clarke/Checks in the Mail/Valassis Comm/Valassis Direct** |
| &nbsp;&nbsp;&nbsp;&nbsp; 13.00%, 12/15/30 *(a)(b)* | 27306 | 32631 |
| **VM Consolidated, Inc.** | **VM Consolidated, Inc.** | **VM Consolidated, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/15/29 *(a)(b)* | 307000 | 304018 |
| **Vortex Opco LLC** | **Vortex Opco LLC** | **Vortex Opco LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 6.25%)<br> 10.54%, 04/30/30 *(a)(b)(l)*<br>| 32832 | 32507 |
| **Williams Scotsman, Inc.** | **Williams Scotsman, Inc.** | **Williams Scotsman, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 08/15/28 *(a)(b)* | 421000 | 411028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 06/15/29 *(a)(b)* | 305000 | 311284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 04/15/30 *(a)(b)* | 400000 | 410292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 10/01/31 *(a)(b)* | 349000 | 363347 |
|  |  | **13236027** |
| ***Technology 7.7%***  | ***Technology 7.7%***  | ***Technology 7.7%***  |
| **ACI Worldwide, Inc.** | **ACI Worldwide, Inc.** | **ACI Worldwide, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 08/15/26 *(a)(b)* | 385000 | 385017 |
| **Acuris Finance U.S., Inc./Acuris Finance SARL** | **Acuris Finance U.S., Inc./Acuris Finance SARL** | **Acuris Finance U.S., Inc./Acuris Finance SARL** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/01/28 *(a)(b)* | 349000 | 332418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 08/01/29 *(a)(b)* | 417000 | 426487 |
| **Ahead DB Holdings LLC** | **Ahead DB Holdings LLC** | **Ahead DB Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 05/01/28 *(a)(b)* | 407000 | 401485 |
| **Amentum Holdings, Inc.** | **Amentum Holdings, Inc.** | **Amentum Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 08/01/32 *(a)(b)* | 658000 | 671781 |
| **Amkor Technology, Inc.** | **Amkor Technology, Inc.** | **Amkor Technology, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 09/15/27 *(a)(b)* | 517000 | 519027 |
| **ams-OSRAM AG** | **ams-OSRAM AG** | **ams-OSRAM AG** |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.25%, 03/30/29 *(a)(b)* | 403000 | 420806 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **AthenaHealth Group, Inc.** | **AthenaHealth Group, Inc.** | **AthenaHealth Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 02/15/30 *(a)(b)* | 1685000 | 1624968 |
| **Block, Inc.** | **Block, Inc.** | **Block, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 06/01/26 *(b)* | 779000 | 760113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 06/01/31 *(b)* | 857000 | 775013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 05/15/32 *(b)* | 1516000 | 1550280 |
| **Boost Newco Borrower LLC** | **Boost Newco Borrower LLC** | **Boost Newco Borrower LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 01/15/31 *(a)(b)* | 1714000 | 1814584 |
| **CACI International, Inc.** | **CACI International, Inc.** | **CACI International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 06/15/33 *(a)(b)* | 850000 | 867587 |
| **Camelot Finance SA** | **Camelot Finance SA** | **Camelot Finance SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/01/26 *(a)(b)* | 156000 | 155227 |
| **Capstone Borrower, Inc.** | **Capstone Borrower, Inc.** | **Capstone Borrower, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 06/15/30 *(a)(b)* | 368000 | 380456 |
| **Castle U.S. Holding Corp.** | **Castle U.S. Holding Corp.** | **Castle U.S. Holding Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 06/30/31 *(a)(b)* | 111000 | 51060 |
| **Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc.** | **Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc.** | **Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 06/15/29 *(a)(b)* | 620000 | 556046 |
| **Central Parent, Inc./CDK Global, Inc.** | **Central Parent, Inc./CDK Global, Inc.** | **Central Parent, Inc./CDK Global, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 06/15/29 *(a)(b)* | 588000 | 521423 |
| **Ciena Corp.** | **Ciena Corp.** | **Ciena Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/31/30 *(a)(b)* | 275000 | 256225 |
| **Clarivate Science Holdings Corp.** | **Clarivate Science Holdings Corp.** | **Clarivate Science Holdings Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 07/01/28 *(a)(b)* | 1248000 | 1189375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 07/01/29 *(a)(b)* | 454000 | 420298 |
| **Cloud Software Group, Inc.** | **Cloud Software Group, Inc.** | **Cloud Software Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 03/31/29 *(a)(b)* | 3659000 | 3657939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 09/30/29 *(a)(b)* | 2454000 | 2513703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 06/30/32 *(a)(b)* | 1803000 | 1897679 |
| **Coherent Corp.** | **Coherent Corp.** | **Coherent Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/15/29 *(a)(b)* | 727000 | 705214 |
| **CommScope LLC** | **CommScope LLC** | **CommScope LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 03/01/27 *(a)(b)(e)* | 794000 | 792617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 07/01/28 *(a)(b)* | 552000 | 531307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 09/01/29 *(a)(b)* | 827000 | 792912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.50%, 12/15/31 *(a)(b)* | 600000 | 624041 |
| **CommScope Technologies LLC** | **CommScope Technologies LLC** | **CommScope Technologies LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/15/27 *(a)(b)* | 870000 | 841479 |
| **Conduent Business Services LLC/Conduent State & Local Solutions, Inc.** | **Conduent Business Services LLC/Conduent State & Local Solutions, Inc.** | **Conduent Business Services LLC/Conduent State & Local Solutions, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 11/01/29 *(a)(b)* | 630000 | 579674 |
| **Consensus Cloud Solutions, Inc.** | **Consensus Cloud Solutions, Inc.** | **Consensus Cloud Solutions, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 10/15/28 *(a)(b)* | 487000 | 484107 |
| **CoreLogic, Inc.** | **CoreLogic, Inc.** | **CoreLogic, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/01/28 *(a)(b)* | 510000 | 477919 |
| **CoreWeave, Inc.** | **CoreWeave, Inc.** | **CoreWeave, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 06/01/30 *(a)(b)* | 1620000 | 1619608 |
| **CPI CG, Inc.** | **CPI CG, Inc.** | **CPI CG, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 07/15/29 *(a)(b)* | 319000 | 338140 |
| **Crane NXT Co.** | **Crane NXT Co.** | **Crane NXT Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/15/48 *(b)* | 289000 | 173075 |
| **Crowdstrike Holdings, Inc.** | **Crowdstrike Holdings, Inc.** | **Crowdstrike Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/15/29 *(b)* | 449000 | 420560 |
| **Diebold Nixdorf, Inc.** | **Diebold Nixdorf, Inc.** | **Diebold Nixdorf, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 03/31/30 *(a)(b)* | 605000 | 637432 |
| **Dun & Bradstreet Corp.** | **Dun & Bradstreet Corp.** | **Dun & Bradstreet Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/15/29 *(a)(b)* | 454000 | 458825 |
| **Dye & Durham Ltd.** | **Dye & Durham Ltd.** | **Dye & Durham Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.63%, 04/15/29 *(a)(b)* | 435000 | 451625 |
| **Elastic NV** | **Elastic NV** | **Elastic NV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 07/15/29 *(a)(b)* | 671000 | 629736 |
| **Ellucian Holdings, Inc.** | **Ellucian Holdings, Inc.** | **Ellucian Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 12/01/29 *(a)(b)* | 754000 | 763378 |

---

**22**

------

Schwab High Yield Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Entegris, Inc.** | **Entegris, Inc.** | **Entegris, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 04/15/28 *(a)(b)* | 372000 | 359476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 04/15/29 *(a)(b)* | 938000 | 911407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 05/01/29 *(a)(b)* | 477000 | 445256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 06/15/30 *(a)(b)* | 776000 | 777175 |
| **Everi Holdings, Inc.** | **Everi Holdings, Inc.** | **Everi Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/15/29 *(a)(b)* | 375000 | 378074 |
| **Fair Isaac Corp.** | **Fair Isaac Corp.** | **Fair Isaac Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/15/28 *(a)(b)* | 570000 | 549150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/15/33 *(a)(b)* | 1225000 | 1225750 |
| **Fortress Intermediate 3, Inc.** | **Fortress Intermediate 3, Inc.** | **Fortress Intermediate 3, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 06/01/31 *(a)(b)* | 788000 | 815422 |
| **Gen Digital, Inc.** | **Gen Digital, Inc.** | **Gen Digital, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 09/30/27 *(a)(b)* | 328000 | 333896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 09/30/30 *(a)(b)* | 561000 | 579422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 04/01/33 *(a)(b)* | 970000 | 983195 |
| **GoTo Group, Inc.** | **GoTo Group, Inc.** | **GoTo Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 05/01/28 *(a)(b)* | 611600 | 418003 |
| **HealthEquity, Inc.** | **HealthEquity, Inc.** | **HealthEquity, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/01/29 *(a)(b)* | 530000 | 506844 |
| **Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL** | **Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL** | **Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 05/01/28 *(a)(b)* | 481000 | 458512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 05/01/29 *(a)(b)* | 460000 | 467486 |
| **Imola Merger Corp.** | **Imola Merger Corp.** | **Imola Merger Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/15/29 *(a)(b)* | 1347000 | 1291523 |
| **Insight Enterprises, Inc.** | **Insight Enterprises, Inc.** | **Insight Enterprises, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 05/15/32 *(a)(b)* | 594000 | 605723 |
| **ION Trading Technologies SARL** | **ION Trading Technologies SARL** | **ION Trading Technologies SARL** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 05/15/28 *(a)(b)* | 395000 | 382449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.50%, 05/30/29 *(a)(b)* | 601000 | 622669 |
| **Iron Mountain Information Management Services, Inc.** | **Iron Mountain Information Management Services, Inc.** | **Iron Mountain Information Management Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/15/32 *(a)(b)* | 664000 | 628857 |
| **Iron Mountain, Inc.** | **Iron Mountain, Inc.** | **Iron Mountain, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 09/15/27 *(a)(b)* | 921000 | 910661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/28 *(a)(b)* | 661000 | 654164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/15/28 *(a)(b)* | 703000 | 692831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 02/15/29 *(a)(b)* | 492000 | 508643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 09/15/29 *(a)(b)* | 745000 | 723588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/15/30 *(a)(b)* | 1114000 | 1087801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/15/31 *(a)(b)* | 964000 | 904198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 07/15/32 *(a)(b)* | 501000 | 489206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 01/15/33 *(a)(b)* | 753000 | 760671 |
| **McAfee Corp.** | **McAfee Corp.** | **McAfee Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 02/15/30 *(a)(b)* | 1548000 | 1433095 |
| **Mobius Merger Sub, Inc.** | **Mobius Merger Sub, Inc.** | **Mobius Merger Sub, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 06/01/30 *(a)(b)* | 352000 | 312553 |
| **NCR Atleos Corp.** | **NCR Atleos Corp.** | **NCR Atleos Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.50%, 04/01/29 *(a)(b)* | 1127000 | 1231749 |
| **NCR Voyix Corp.** | **NCR Voyix Corp.** | **NCR Voyix Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/28 *(a)(b)* | 671000 | 662351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 04/15/29 *(a)(b)* | 415000 | 404864 |
| **Neptune Bidco U.S., Inc.** | **Neptune Bidco U.S., Inc.** | **Neptune Bidco U.S., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.29%, 04/15/29 *(a)(b)* | 1970000 | 1868013 |
| **Newfold Digital Holdings Group, Inc.** | **Newfold Digital Holdings Group, Inc.** | **Newfold Digital Holdings Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.75%, 10/15/28 *(a)(b)* | 313000 | 231303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 02/15/29 *(a)(b)* | 273000 | 162776 |
| **ON Semiconductor Corp.** | **ON Semiconductor Corp.** | **ON Semiconductor Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 09/01/28 *(a)(b)* | 565000 | 540108 |
| **Open Text Corp.** | **Open Text Corp.** | **Open Text Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 02/15/28 *(a)(b)* | 949000 | 909884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 12/01/29 *(a)(b)* | 617000 | 574898 |
| **Open Text Holdings, Inc.** | **Open Text Holdings, Inc.** | **Open Text Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 02/15/30 *(a)(b)* | 574000 | 536472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 12/01/31 *(a)(b)* | 692000 | 627657 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Paysafe Finance PLC/Paysafe Holdings U.S. Corp.** | **Paysafe Finance PLC/Paysafe Holdings U.S. Corp.** | **Paysafe Finance PLC/Paysafe Holdings U.S. Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/15/29 *(a)(b)* | 374000 | 346098 |
| **Pitney Bowes, Inc.** | **Pitney Bowes, Inc.** | **Pitney Bowes, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 03/15/27 *(a)(b)* | 678000 | 682143 |
| **PTC, Inc.** | **PTC, Inc.** | **PTC, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/15/28 *(a)(b)* | 483000 | 469076 |
| **Rackspace Finance LLC** | **Rackspace Finance LLC** | **Rackspace Finance LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 05/15/28 *(a)(b)* | 368000 | 136160 |
| **RingCentral, Inc.** | **RingCentral, Inc.** | **RingCentral, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 08/15/30 *(a)(b)* | 395000 | 417505 |
| **Rocket Software, Inc.** | **Rocket Software, Inc.** | **Rocket Software, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 11/28/28 *(a)(b)* | 477000 | 492621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 02/15/29 *(a)(b)* | 498000 | 484000 |
| **Sabre GLBL, Inc.** | **Sabre GLBL, Inc.** | **Sabre GLBL, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.63%, 06/01/27 *(a)(b)* | 544000 | 560064 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.75%, 11/15/29 *(a)(b)* | 692000 | 708435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.13%, 07/15/30 *(a)(b)* | 1100000 | 1129975 |
| **Science Applications International Corp.** | **Science Applications International Corp.** | **Science Applications International Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 04/01/28 *(a)(b)* | 435000 | 424345 |
| **Seagate Data Storage Technology Pte. Ltd.** | **Seagate Data Storage Technology Pte. Ltd.** | **Seagate Data Storage Technology Pte. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 07/15/30 *(a)(b)* | 300000 | 301218 |
| **Seagate HDD Cayman** | **Seagate HDD Cayman** | **Seagate HDD Cayman** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 06/01/27 *(b)* | 599000 | 602327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.09%, 06/01/29 *(b)* | 443000 | 424078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 12/15/29 *(b)* | 548000 | 584519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 07/15/31 *(a)(b)* | 421000 | 449863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.63%, 12/01/32 *(a)(b)* | 483000 | 548594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 12/01/34 *(b)* | 350000 | 343954 |
| **Sensata Technologies BV** | **Sensata Technologies BV** | **Sensata Technologies BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/15/29 *(a)(b)* | 646000 | 607047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 09/01/30 *(a)(b)* | 450000 | 445429 |
| **Sensata Technologies, Inc.** | **Sensata Technologies, Inc.** | **Sensata Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 02/15/30 *(a)(b)* | 541000 | 509245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 02/15/31 *(a)(b)* | 655000 | 582294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 07/15/32 *(a)(b)* | 463000 | 467510 |
| **Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.** | **Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.** | **Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 11/01/26 *(a)(b)* | 592000 | 591209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 08/15/32 *(a)(b)* | 1002000 | 1022964 |
| **SS&C Technologies, Inc.** | **SS&C Technologies, Inc.** | **SS&C Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/30/27 *(a)(b)* | 1153000 | 1152435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 06/01/32 *(a)(b)* | 636000 | 653520 |
| **Synaptics, Inc.** | **Synaptics, Inc.** | **Synaptics, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/15/29 *(a)(b)* | 422000 | 393311 |
| **TTM Technologies, Inc.** | **TTM Technologies, Inc.** | **TTM Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/01/29 *(a)(b)* | 409000 | 389553 |
| **Twilio, Inc.** | **Twilio, Inc.** | **Twilio, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 03/15/29 *(b)* | 380000 | 358005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 03/15/31 *(b)* | 504000 | 464701 |
| **UKG, Inc.** | **UKG, Inc.** | **UKG, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 02/01/31 *(a)(b)* | 1452000 | 1497099 |
| **Unisys Corp.** | **Unisys Corp.** | **Unisys Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 11/01/27 *(a)(b)* | 486000 | 484298 |
| **Viavi Solutions, Inc.** | **Viavi Solutions, Inc.** | **Viavi Solutions, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 10/01/29 *(a)(b)* | 366000 | 337106 |
| **Virtusa Corp.** | **Virtusa Corp.** | **Virtusa Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 12/15/28 *(a)(b)* | 372000 | 360021 |
| **West Technology Group LLC** | **West Technology Group LLC** | **West Technology Group LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 04/10/27 *(a)(b)* | 476000 | 142800 |
| **WEX, Inc.** | **WEX, Inc.** | **WEX, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 03/15/33 *(a)(b)* | 646000 | 639515 |
| **Xerox Corp.** | **Xerox Corp.** | **Xerox Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.25%, 10/15/30 *(a)(b)* | 375000 | 385814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/01/35  | 100000 | 49494 |

---

**23**

------

Schwab High Yield Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Xerox Holdings Corp.** | **Xerox Holdings Corp.** | **Xerox Holdings Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/15/28 *(a)(b)* | 702000 | 493200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 11/30/29 *(a)(b)* | 422000 | 284822 |
| **Xerox Issuer Corp.** | **Xerox Issuer Corp.** | **Xerox Issuer Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 13.50%, 04/15/31 *(a)(b)(e)* | 325000 | 325040 |
| **Zebra Technologies Corp.** | **Zebra Technologies Corp.** | **Zebra Technologies Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 06/01/32 *(a)(b)* | 331000 | 337164 |
| **Ziff Davis, Inc.** | **Ziff Davis, Inc.** | **Ziff Davis, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 10/15/30 *(a)(b)* | 599000 | 543699 |
| **ZoomInfo Technologies LLC/ZoomInfo Finance Corp.** | **ZoomInfo Technologies LLC/ZoomInfo Finance Corp.** | **ZoomInfo Technologies LLC/ZoomInfo Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 02/01/29 *(a)(b)* | 404000 | 376356 |
|  |  | **85437047** |
| ***Transportation 2.0%***  | ***Transportation 2.0%***  | ***Transportation 2.0%***  |
| **Air Canada** | **Air Canada** | **Air Canada** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 08/15/26 *(a)(b)* | 546000 | 539454 |
| **Allegiant Travel Co.** | **Allegiant Travel Co.** | **Allegiant Travel Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 08/15/27 *(a)(b)* | 530000 | 523897 |
| **American Airlines, Inc.** | **American Airlines, Inc.** | **American Airlines, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 02/15/28 *(a)(b)* | 618000 | 624632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 05/15/29 *(a)(b)* | 837000 | 867751 |
| **American Airlines, Inc./AAdvantage Loyalty IP Ltd.** | **American Airlines, Inc./AAdvantage Loyalty IP Ltd.** | **American Airlines, Inc./AAdvantage Loyalty IP Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/20/29 *(a)* | 2066000 | 2030057 |
| **Avis Budget Car Rental LLC/Avis Budget Finance, Inc.** | **Avis Budget Car Rental LLC/Avis Budget Finance, Inc.** | **Avis Budget Car Rental LLC/Avis Budget Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/15/27 *(a)(b)* | 828000 | 817927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 04/01/28 *(a)(b)* | 366000 | 350853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 03/01/29 *(a)(b)* | 580000 | 547401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 01/15/30 *(a)(b)* | 525000 | 534413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 02/15/31 *(a)(b)* | 341000 | 345401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 06/15/32 *(a)(b)* | 500000 | 504146 |
| **Brightline East LLC** | **Brightline East LLC** | **Brightline East LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.00%, 01/31/30 *(a)(b)* | 955000 | 688474 |
| **Carriage Purchaser, Inc.** | **Carriage Purchaser, Inc.** | **Carriage Purchaser, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 10/15/29 *(a)(b)* | 235000 | 201325 |
| **Clue Opco LLC** | **Clue Opco LLC** | **Clue Opco LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.50%, 10/15/31 *(a)(b)(e)* | 662000 | 682081 |
| **Danaos Corp.** | **Danaos Corp.** | **Danaos Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 03/01/28 *(a)(b)* | 225000 | 230590 |
| **Dcli Bidco LLC** | **Dcli Bidco LLC** | **Dcli Bidco LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 11/15/29 *(a)(b)* | 393000 | 396379 |
| **First Student Bidco, Inc./First Transit Parent, Inc.** | **First Student Bidco, Inc./First Transit Parent, Inc.** | **First Student Bidco, Inc./First Transit Parent, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/31/29 *(a)(b)* | 573000 | 536194 |
| **Genesee & Wyoming, Inc.** | **Genesee & Wyoming, Inc.** | **Genesee & Wyoming, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 04/15/32 *(a)(b)* | 641000 | 651801 |
| **Hertz Corp.** | **Hertz Corp.** | **Hertz Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 12/01/26 *(a)(b)(e)* | 542000 | 479132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.63%, 07/15/29 *(a)(b)* | 929000 | 946849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/29 *(a)(b)(e)* | 753000 | 512570 |
| **JetBlue Airways Corp./JetBlue Loyalty LP** | **JetBlue Airways Corp./JetBlue Loyalty LP** | **JetBlue Airways Corp./JetBlue Loyalty LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.88%, 09/20/31 *(a)(b)* | 1529000 | 1513497 |
| **OneSky Flight LLC** | **OneSky Flight LLC** | **OneSky Flight LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 12/15/29 *(a)(b)* | 529000 | 533782 |
| **Railworks Holdings LP/Railworks Rally, Inc.** | **Railworks Holdings LP/Railworks Rally, Inc.** | **Railworks Holdings LP/Railworks Rally, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 11/15/28 *(a)(b)* | 374000 | 380061 |
| **Rand Parent LLC** | **Rand Parent LLC** | **Rand Parent LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 02/15/30 *(a)(b)* | 781000 | 770257 |
| **RXO, Inc.** | **RXO, Inc.** | **RXO, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 11/15/27 *(a)(b)* | 374000 | 383124 |
| **Star Leasing Co. LLC** | **Star Leasing Co. LLC** | **Star Leasing Co. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.63%, 02/15/30 *(a)(b)* | 647000 | 609252 |
| **Stena International SA** | **Stena International SA** | **Stena International SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 01/15/31 *(a)(b)* | 793000 | 796518 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Stonepeak Nile Parent LLC** | **Stonepeak Nile Parent LLC** | **Stonepeak Nile Parent LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 03/15/32 *(a)(b)* | 512000 | 530662 |
| **VistaJet Malta Finance PLC/Vista Management Holding, Inc.** | **VistaJet Malta Finance PLC/Vista Management Holding, Inc.** | **VistaJet Malta Finance PLC/Vista Management Holding, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 05/01/27 *(a)(b)(e)* | 441000 | 432127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.50%, 06/01/28 *(a)(b)* | 442000 | 435846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 02/01/30 *(a)(b)* | 828000 | 744322 |
| **Watco Cos. LLC/Watco Finance Corp.** | **Watco Cos. LLC/Watco Finance Corp.** | **Watco Cos. LLC/Watco Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 08/01/32 *(a)(b)* | 562000 | 578783 |
| **XPO CNW, Inc.** | **XPO CNW, Inc.** | **XPO CNW, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 05/01/34  | 369000 | 380430 |
| **XPO, Inc.** | **XPO, Inc.** | **XPO, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 06/01/31 *(a)(b)* | 378000 | 391611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 02/01/32 *(a)(b)* | 535000 | 555634 |
|  |  | **22047233** |
|  |  | **915567263** |
| **Utility 3.2%** | **Utility 3.2%** | **Utility 3.2%** |
| ***Electric 3.2%***  | ***Electric 3.2%***  | ***Electric 3.2%***  |
| **AES Corp.** | **AES Corp.** | **AES Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.60%, 01/15/55 *(b)(d)* | 550000 | 555727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 07/15/55 *(b)(d)* | 500000 | 475631 |
| **Algonquin Power & Utilities Corp.** | **Algonquin Power & Utilities Corp.** | **Algonquin Power & Utilities Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/18/82 *(b)(d)* | 640000 | 612873 |
| **Alpha Generation LLC** | **Alpha Generation LLC** | **Alpha Generation LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 10/15/32 *(a)(b)* | 834000 | 851019 |
| **Atlantica Sustainable Infrastructure Ltd.** | **Atlantica Sustainable Infrastructure Ltd.** | **Atlantica Sustainable Infrastructure Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 06/15/28 *(a)(b)* | 524000 | 503257 |
| **California Buyer Ltd./Atlantica Sustainable Infrastructure PLC** | **California Buyer Ltd./Atlantica Sustainable Infrastructure PLC** | **California Buyer Ltd./Atlantica Sustainable Infrastructure PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 02/15/32 *(a)(b)* | 501000 | 495690 |
| **Calpine Corp.** | **Calpine Corp.** | **Calpine Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/15/28 *(a)(b)* | 1047000 | 1027558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 03/15/28 *(a)(b)* | 817000 | 810409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/01/29 *(a)(b)* | 586000 | 571480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/01/31 *(a)(b)* | 676000 | 656192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 03/01/31 *(a)(b)* | 994000 | 923275 |
| **Clearway Energy Operating LLC** | **Clearway Energy Operating LLC** | **Clearway Energy Operating LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/15/28 *(a)(b)* | 529000 | 517238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 02/15/31 *(a)(b)* | 890000 | 803997 |
| **ContourGlobal Power Holdings SA** | **ContourGlobal Power Holdings SA** | **ContourGlobal Power Holdings SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 02/28/30 *(a)(b)* | 300000 | 304287 |
| **DPL, Inc.** | **DPL, Inc.** | **DPL, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 04/15/29 *(b)* | 425000 | 409342 |
| **Edison International** | **Edison International** | **Edison International** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 06/15/53 *(b)(d)(e)* | 466000 | 461539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 06/15/54 *(b)(d)* | 376000 | 362698 |
| **Emera, Inc.** | **Emera, Inc.** | **Emera, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 06/15/76 *(b)(d)* | 976000 | 983234 |
| **EUSHI Finance, Inc.** | **EUSHI Finance, Inc.** | **EUSHI Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.63%, 12/15/54 *(b)(d)* | 544000 | 557535 |
| **Leeward Renewable Energy Operations LLC** | **Leeward Renewable Energy Operations LLC** | **Leeward Renewable Energy Operations LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 07/01/29 *(a)(b)* | 502000 | 457686 |
| **Lightning Power LLC** | **Lightning Power LLC** | **Lightning Power LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 08/15/32 *(a)(b)* | 1184000 | 1242112 |
| **Long Ridge Energy LLC** | **Long Ridge Energy LLC** | **Long Ridge Energy LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 02/15/32 *(a)(b)* | 450000 | 453875 |
| **NOVA Chemicals Corp.** | **NOVA Chemicals Corp.** | **NOVA Chemicals Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/01/27 *(a)(b)* | 717000 | 716317 |
| **NRG Energy, Inc.** | **NRG Energy, Inc.** | **NRG Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/28 *(b)* | 507000 | 509130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 02/15/29 *(a)(b)* | 477000 | 445964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/15/29 *(a)(b)* | 556000 | 549801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/15/29 *(a)(b)* | 989000 | 983292 |

---

**24**

------

Schwab High Yield Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 02/15/31 *(a)(b)* | 877000 | 796061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 02/15/32 *(a)(b)* | 548000 | 495806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 02/01/33 *(a)(b)* | 749000 | 742751 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 11/01/34 *(a)(b)* | 662000 | 662767 |
| **Pattern Energy Operations LP/Pattern Energy Operations, Inc.** | **Pattern Energy Operations LP/Pattern Energy Operations, Inc.** | **Pattern Energy Operations LP/Pattern Energy Operations, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/15/28 *(a)(b)* | 468000 | 449385 |
| **PG&E Corp.** | **PG&E Corp.** | **PG&E Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/28 *(b)* | 498000 | 486213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/01/30 *(b)* | 1005000 | 975902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 03/15/55 *(b)(d)* | 1017000 | 998404 |
| **Sunnova Energy Corp.** | **Sunnova Energy Corp.** | **Sunnova Energy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 09/01/26 *(a)(b)(h)(i)* | 413000 | 123126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.75%, 10/01/28 *(a)(b)(h)(i)* | 65000 | 20964 |
| **Talen Energy Supply LLC** | **Talen Energy Supply LLC** | **Talen Energy Supply LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.63%, 06/01/30 *(a)(b)* | 1070000 | 1143377 |
| **TerraForm Power Operating LLC** | **TerraForm Power Operating LLC** | **TerraForm Power Operating LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/31/28 *(a)(b)* | 624000 | 607081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/30 *(a)(b)* | 425000 | 400879 |
| **Topaz Solar Farms LLC** | **Topaz Solar Farms LLC** | **Topaz Solar Farms LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 09/30/39 *(a)* | 604912 | 576962 |
| **TransAlta Corp.** | **TransAlta Corp.** | **TransAlta Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 11/15/29 *(b)* | 480000 | 500420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 03/15/40  | 327000 | 298314 |
| **Vistra Operations Co. LLC** | **Vistra Operations Co. LLC** | **Vistra Operations Co. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/01/26 *(a)(b)* | 913000 | 914403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 02/15/27 *(a)(b)* | 946000 | 945965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/31/27 *(a)(b)* | 783000 | 781207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 05/01/29 *(a)(b)* | 1248000 | 1207250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 10/15/31 *(a)(b)* | 902000 | 956989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 04/15/32 *(a)(b)* | 901000 | 937911 |
| **XPLR Infrastructure Operating Partners LP** | **XPLR Infrastructure Operating Partners LP** | **XPLR Infrastructure Operating Partners LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 10/15/26 *(a)(b)* | 566000 | 550268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/15/27 *(a)(b)* | 466000 | 451091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 01/15/29 *(a)(b)* | 479000 | 481729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 01/15/31 *(a)(b)(e)* | 689000 | 719967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.63%, 03/15/33 *(a)(b)(e)* | 770000 | 808342 |
|  |  | **35274692** |
| **Total Corporates**<br> **(Cost $1,088,206,869)** | **Total Corporates**<br> **(Cost $1,088,206,869)** | **1083782897** |

---

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

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Short-Term Investments** 2.8% OF NET ASSETS | **Short-Term Investments** 2.8% OF NET ASSETS | **Short-Term Investments** 2.8% OF NET ASSETS |
| **Money Market Funds 2.8%** | **Money Market Funds 2.8%** | **Money Market Funds 2.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 4.27% *(m)*<br>| 12010371 | 12010371 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 4.27% *(m)(n)*<br>| 19295805 | 19295805 |
|  |  | **31306176** |
| **Total Short-Term Investments**<br> **(Cost $31,306,176)** | **Total Short-Term Investments**<br> **(Cost $31,306,176)** | **31306176** |
| **Total Investments in Securities**<br> **(Cost $1,119,513,045)** | **Total Investments in Securities**<br> **(Cost $1,119,513,045)** | **1115089073** |

---

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

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

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $890,323,980 or 80.2% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;*(b)* The effective maturity may be shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls).

&nbsp;&nbsp;&nbsp;&nbsp;*(c)* Perpetual security with no stated maturity date.

&nbsp;&nbsp;&nbsp;&nbsp;*(d)* Security is in a fixed-rate coupon period. Based on index eligibility requirements and the fund's investment objective this security will be removed from the index prior to converting to a floating rate security.

&nbsp;&nbsp;&nbsp;&nbsp;*(e)* All or a portion of this security is on loan. Securities on loan were valued at $18,260,294.

&nbsp;&nbsp;&nbsp;&nbsp;*(f)* Security or a portion of the security purchased on a delayed-delivery or when-issued basis.

&nbsp;&nbsp;&nbsp;&nbsp;*(g)* Step up security that pays an initial coupon rate for a set period and increased coupon rates at one or more preset intervals. Rate shown is as of period end.

&nbsp;&nbsp;&nbsp;&nbsp;*(h)* Subsequent to the end of the reporting period, the issuer filed for bankruptcy.

&nbsp;&nbsp;&nbsp;&nbsp;*(i)* Security is in default on interest payments.

&nbsp;&nbsp;&nbsp;&nbsp;*(j)* Perpetual security. Maturity date represents the next call date.

&nbsp;&nbsp;&nbsp;&nbsp;*(k)* During the reporting period, the issuer filed for bankruptcy.

&nbsp;&nbsp;&nbsp;&nbsp;*(l)* Variable rate security; rate shown is effective rate at period end.

&nbsp;&nbsp;&nbsp;&nbsp;*(m)* The rate shown is the annualized 7-day yield.

&nbsp;&nbsp;&nbsp;&nbsp;*(n)* Security purchased with cash collateral received for securities on loan.

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

DAC — Designated Activity Company <br> REIT — Real Estate Investment Trust <br> SOFR — Secured Overnight Financing Rate is published daily by the Federal Reserve Bank of New York and is based on the cost of borrowing cash overnight collateralized by U.S. Treasury securities.

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

------

**25**

------

Schwab High Yield Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

The following is a summary of the inputs used to value the fund's investments as of May 31, 2025 (see notes to portfolio holdings for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT<br> UNOBSERVABLE INPUTS<br> (LEVEL 3)<br>| TOTAL |
| **Assets** |  |  |  |  |
| Corporates<sup>1</sup> <br>| $— | &nbsp;&nbsp;&nbsp; $1083782897 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1083782897 |
| Short-Term Investments<sup>1</sup> <br>| 31306176 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 31306176 |
| **Total** | **$31306176** | &nbsp;&nbsp; **$1083782897** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$1115089073** |

---

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

<sup>1</sup> As categorized in the Portfolio Holdings.

**26**

------

Schwab Fixed-Income ETFs

**Notes to Portfolio Holdings (Unaudited)** 

------

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the 1940 Act), the Board of Trustees (the Board) has designated authority to a Valuation Designee, the funds' investment adviser, to make fair valuation determinations under adopted procedures, subject to Board oversight. The investment adviser has formed a Pricing Committee to administer the pricing and valuation of portfolio securities and other assets and liabilities as well as to ensure that prices used for internal purposes or provided by third parties reasonably reflect fair value. The Valuation Designee may utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

Securities held in the funds' portfolio are valued every business day. The following valuation policies and procedures are used by the Valuation Designee to value various types of securities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Bonds and notes:** Fixed income investments are generally valued using an evaluated price at the mid-point of the bid/ask spread provided by an approved, independent pricing service (mid-price). To determine the evaluated mid-price, a pricing service may use a variety of techniques and inputs. Techniques may include, but are not limited to, spread models that calculate an investment-specific price relative to a benchmark or yield curve models that establish a price based on yields of comparable bonds along a range of maturities. Inputs differ by valuation approach and techniques, as appropriate, and examples of inputs may include, but are not limited to, interest rates, market conditions, comparable bonds, market trades, projected cash flows, credit reviews and issuer news.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Short-term securities (60 days or less to maturity):** Securities with remaining maturities of 60 days or less are generally valued at an evaluated price; however, such securities may be valued at their amortized cost if it approximates the security's fair value.

&nbsp;&nbsp;&nbsp;&nbsp;● **Mutual funds:** Mutual funds are valued at their respective net asset values (NAVs).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Securities for which no quoted value is available:** The Valuation Designee has adopted procedures to fair value the fund's securities when market prices are not "readily available" or are unreliable. For example, a security may be fair valued when it's de-listed or its trading is halted or suspended; when a security's primary pricing source is unable or unwilling to provide a price; or when a security's primary trading market is closed during regular market hours. Fair value determinations are made in good faith in accordance with adopted valuation procedures. The Valuation Designee considers a number of factors, including unobservable market inputs, when arriving at fair value. The Valuation Designee may employ methods such as the review of related or comparable assets or liabilities, related market activities, recent transactions, market multiples, book values, transactional back-testing, disposition analysis and other relevant information. Due to the subjective and variable nature of fair value pricing, there can be no assurance that the fund could obtain the fair value assigned to the security upon the sale of such security.

In accordance with the authoritative guidance on fair value measurements and disclosures under generally accepted accounting principles in the United States of America (GAAP), the funds disclose the fair value of their investments in a hierarchy that prioritizes the significant inputs to valuation methods used to measure the fair value. The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurements). If inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the valuation. If it is determined that either the volume and/or level of activity for an asset or liability has significantly decreased (from normal conditions for that asset or liability) or price quotations or observable inputs are not associated with orderly transactions, increased analysis and the Valuation Designee's judgment will be required to estimate fair value.

The three levels of the fair value hierarchy are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Level 1 — quoted prices in active markets for identical investments - Investments whose values are based on quoted market prices in active markets. These generally include active listed equities, mutual funds, exchange-traded funds (ETFs) and futures contracts. Mutual funds and ETFs are classified as Level 1 prices, without consideration to the classification level of the underlying securities held which could be Level 1, Level 2 or Level 3 in the fair value hierarchy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 prices. These generally include forward foreign currency exchange contracts, U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, less liquid listed equities, and state, municipal and provincial obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Level 3 — significant unobservable inputs (including the Valuation Designee's assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not readily available for these securities, one or more valuation methods are used for which sufficient and reliable data is available. The inputs used in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending

**27**

------

Schwab Fixed-Income ETFs

**Notes to Portfolio Holdings (Unaudited) (continued)**

------

third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated in the absence of market information. Assumptions used due to the lack of observable inputs may significantly impact the resulting fair value and therefore a fund's results of operations.

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

The levels associated with valuing the funds' investments as of May 31, 2025, are disclosed in each fund's Portfolio Holdings.

REG123135MAY25

**28**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SCHWAB STRATEGIC TRUST

- **b. Investment Company Act file number:** 811-22311

- **c. CIK number of Registrant:** 0001454889

- **d. LEI of Registrant:** 549300NAZEQOIX80E226

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

  - **Street Address 1:** 211 MAIN STREET

  - **City:** SAN FRANCISCO

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

  - **Telephone number:** 800-648-5300

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

- **a. Name of Series:** Schwab High Yield Bond ETF

- **b. EDGAR series identifier (if any):** S000080101

- **c. LEI of Series:** 54930009R7VCR5XYW907

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1131453661.25

**Total Liabilities:** $21590428.23

**Net Assets:** $1109863233.02

**Delayed Delivery Securities:** $550000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1.20000000 | **1-Year:** 84.81000000 | **5-Year:** 639.34000000 | **10-Year:** 1754.84000000 | **30-Year:** 0.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 10034.90000000 | **5-Year:** 157208.28000000 | **10-Year:** 144266.31000000 | **30-Year:** 20888.88000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241773 | -1.13%               | -0.06%               | 1.70%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-8610.12                | $-16644856.80                              |
| Month 2  | $-369602.59              | $-6738653.72                               |
| Month 3  | $-71910.51               | $11099488.94                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHS/COMMUNITY HEALTH SYS                                   | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBH2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1194000 | PA      | $1148123.30   | 0.10%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                    | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1077517.35   | 0.10%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                       | Matador Resources Co                                                             | CUSIP: 576485AG1<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    667000 | PA      | $653684.28    | 0.06%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                     | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1733000 | PA      | $1542590.78   | 0.14%             | 2033-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALGOMA STEEL INC                                           | Algoma Steel Inc                                                                 | CUSIP: 01566MAD7<br>LEI: 5493006RXIB5GVHWJS53 | Long             | DBT              | CORP              | CA        |    409000 | PA      | $354155.15    | 0.03%             | 2029-04-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                                   | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    510000 | PA      | $478920.80    | 0.04%             | 2030-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| HERENS HOLDCO SARL                                         | Herens Holdco Sarl                                                               | CUSIP: 427169AA5<br>LEI: 2221002FZ55AMAUX4G64 | Long             | DBT              | CORP              | LU        |    250000 | PA      | $219235.50    | 0.02%             | 2028-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| INTELLIGENT PACKAGING                                      | Intelligent Packaging Ltd Finco Inc / Intelligent Packaging Ltd Co-Issuer LLC    | CUSIP: 45827MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    585000 | PA      | $586277.45    | 0.05%             | 2028-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                     | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    351000 | PA      | $351294.84    | 0.03%             | 2027-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                                  | PG&E Corp                                                                        | CUSIP: 69331CAH1<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    498000 | PA      | $486213.34    | 0.04%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Liberty Interactive LLC                                    | Liberty Interactive LLC                                                          | CUSIP: 530715AJ0<br>LEI: 549300SZUIU7Z32Q0664 | Long             | DBT              | CORP              | US        |    395000 | PA      | $67150.00     | 0.01%             | 2030-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                                    | Macy's Retail Holdings LLC                                                       | CUSIP: 55617LAP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    486000 | PA      | $476799.87    | 0.04%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                                   | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc        | CUSIP: 43284MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    678000 | PA      | $636639.15    | 0.06%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TALOS PRODUCTION INC                                       | Talos Production Inc                                                             | CUSIP: 87485LAE4<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |    567000 | PA      | $557980.73    | 0.05%             | 2031-02-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                              | PRA Group Inc                                                                    | CUSIP: 69354NAF3<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    293000 | PA      | $300701.97    | 0.03%             | 2030-01-31      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| GCI LLC                                                    | GCI LLC                                                                          | CUSIP: 36166TAB6<br>LEI: 549300N3IE9H88Q20221 | Long             | DBT              | CORP              | US        |    392000 | PA      | $369037.50    | 0.03%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                   | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AS3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    427000 | PA      | $422124.73    | 0.04%             | 2028-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                                   | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AM7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    477000 | PA      | $449932.68    | 0.04%             | 2029-08-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                    | Starwood Property Trust Inc                                                      | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    475000 | PA      | $494391.88    | 0.04%             | 2029-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                                   | Performance Food Group Inc                                                       | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    758000 | PA      | $765046.37    | 0.07%             | 2032-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                                   | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    453000 | PA      | $463046.63    | 0.04%             | 2032-02-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                       | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    669000 | PA      | $575291.07    | 0.05%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| RITCHIE BROS HLDGS INC                                     | Ritchie Bros Holdings Inc                                                        | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |    459000 | PA      | $481056.11    | 0.04%             | 2031-03-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VIKING OCEAN CRUISES SHI                                   | Viking Ocean Cruises Ship VII Ltd                                                | CUSIP: 92682RAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     60000 | PA      | $59338.25     | 0.01%             | 2029-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| HANESBRANDS INC                                            | Hanesbrands Inc                                                                  | CUSIP: 410345AQ5<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |    600000 | PA      | $634478.40    | 0.06%             | 2031-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| VORTEX OPCO LLC                                            | Vortex Opco LLC                                                                  | CUSIP: 92905YAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     32832 | PA      | $32507.00     | 0.00%             | 2030-04-30      | Floating      | 10.54%                | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                        | Station Casinos LLC                                                              | CUSIP: 857691AG4<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    501000 | PA      | $486209.34    | 0.04%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LFS TOPCO LLC                                              | LFS Topco LLC                                                                    | CUSIP: 50203TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    196000 | PA      | $194338.68    | 0.02%             | 2026-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                                    | Allied Universal Holdco LLC                                                      | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |   1604000 | PA      | $1663410.56   | 0.15%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                       | Neptune Bidco US Inc                                                             | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |   1970000 | PA      | $1868013.10   | 0.17%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                   | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AH4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    455000 | PA      | $456885.98    | 0.04%             | 2028-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LIGHTNING POWER LLC                                        | Lightning Power LLC                                                              | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |   1184000 | PA      | $1242111.60   | 0.11%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                                     | Lumen Technologies Inc                                                           | CUSIP: 156700AT3<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    265000 | PA      | $218965.24    | 0.02%             | 2042-03-15      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                   | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    743000 | PA      | $689140.00    | 0.06%             | 2035-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                                   | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                           | CUSIP: 03969AAN0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    424000 | PA      | $385840.00    | 0.03%             | 2026-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ACURIS FIN US/ACURIS FIN                                   | Acuris Finance US Inc / Acuris Finance SARL                                      | CUSIP: 00511BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    349000 | PA      | $332417.82    | 0.03%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPECTRUM BRANDS INC                                        | Spectrum Brands Inc                                                              | CUSIP: 84762LAX3<br>LEI: 549300VU3EH2E73C1Q04 | Long             | DBT              | CORP              | US        |     15000 | PA      | $12049.78     | 0.00%             | 2031-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| EVERI HOLDINGS INC                                         | Everi Holdings Inc                                                               | CUSIP: 30034TAA1<br>LEI: 5299006DK5S7BG10K532 | Long             | DBT              | CORP              | US        |    375000 | PA      | $378073.50    | 0.03%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRIMO / TRITON WATER HLD                                   | Primo Water Holdings Inc / Triton Water Holdings Inc                             | CUSIP: 74168RAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    687000 | PA      | $660048.78    | 0.06%             | 2029-04-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ARMOR HOLDCO INC                                           | Armor Holdco Inc                                                                 | CUSIP: 04625PAA9<br>LEI: 254900X6HLK0YPTHHF09 | Long             | DBT              | CORP              | US        |    298000 | PA      | $277922.64    | 0.03%             | 2029-11-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ION TRADING TECHNOLOGIES                                   | ION Trading Technologies Sarl                                                    | CUSIP: 46205YAB7<br>LEI: 5493009ZVXOKZLQ6QJ12 | Long             | DBT              | CORP              | LU        |    601000 | PA      | $622669.06    | 0.06%             | 2029-05-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                                   | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    589000 | PA      | $557523.55    | 0.05%             | 2029-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PROVIDENT FDG/PFG FIN                                      | Provident Funding Associates LP / PFG Finance Corp                               | CUSIP: 74387UAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    388000 | PA      | $404195.12    | 0.04%             | 2029-09-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Safeway Inc                                                | Safeway Inc                                                                      | CUSIP: 786514BA6<br>LEI: 549300NKZ6VCN5P3K723 | Long             | DBT              | CORP              | US        |    192000 | PA      | $200056.90    | 0.02%             | 2031-02-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CROWN AMER/CAP CORP V                                      | Crown Americas LLC / Crown Americas Capital Corp V                               | CUSIP: 22819KAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    417000 | PA      | $412835.92    | 0.04%             | 2026-09-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                           | MGM Resorts International                                                        | CUSIP: 552953CH2<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    634000 | PA      | $620522.05    | 0.06%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ION TRADING TECHNOLOGIES                                   | ION Trading Technologies Sarl                                                    | CUSIP: 46205YAA9<br>LEI: 5493009ZVXOKZLQ6QJ12 | Long             | DBT              | CORP              | LU        |    395000 | PA      | $382449.19    | 0.03%             | 2028-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                              | Parkland Corp                                                                    | CUSIP: 70137TAP0<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |    798000 | PA      | $796580.92    | 0.07%             | 2027-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                                    | Asbury Automotive Group Inc                                                      | CUSIP: 043436AU8<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    276000 | PA      | $269097.57    | 0.02%             | 2028-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Allison Transmission Inc                                   | Allison Transmission Inc                                                         | CUSIP: 019736AE7<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    328000 | PA      | $322711.00    | 0.03%             | 2027-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                   | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    393000 | PA      | $386341.24    | 0.03%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ALLEGIANT TRAVEL CO                                        | Allegiant Travel Co                                                              | CUSIP: 01748XAD4<br>LEI: 549300JM9OZXOHWL2K18 | Long             | DBT              | CORP              | US        |    530000 | PA      | $523896.79    | 0.05%             | 2027-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| VORNADO REALTY LP                                          | Vornado Realty LP                                                                | CUSIP: 929043AL1<br>LEI: 549300BMOJ05INE4YK86 | Long             | DBT              |  | US        |    389000 | PA      | $334528.89    | 0.03%             | 2031-06-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                   | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AV6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    464000 | PA      | $427826.33    | 0.04%             | 2031-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RITCHIE BROS HLDGS INC                                     | Ritchie Bros Holdings Inc                                                        | CUSIP: 76774LAB3<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |    446000 | PA      | $456059.81    | 0.04%             | 2028-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MOOG INC                                                   | Moog Inc                                                                         | CUSIP: 615394AM5<br>LEI: 549300WM2I4U7OBAHG07 | Long             | DBT              | CORP              | US        |    570000 | PA      | $552557.15    | 0.05%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                               | Calpine Corp                                                                     | CUSIP: 131347CP9<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    586000 | PA      | $571479.97    | 0.05%             | 2029-02-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                    | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAH8<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    364000 | PA      | $350622.65    | 0.03%             | 2029-09-13      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                                   | Acadia Healthcare Co Inc                                                         | CUSIP: 00404AAP4<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    395000 | PA      | $378429.99    | 0.03%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                   | Service Properties Trust                                                         | CUSIP: 44106MAW2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    522000 | PA      | $503983.54    | 0.05%             | 2027-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| RFNA LP                                                    | Rfna LP                                                                          | CUSIP: 74984AAA0<br>LEI: 2549002A4GSOTYKKHR45 | Long             | DBT              | CORP              | US        |    625000 | PA      | $627018.33    | 0.06%             | 2030-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Nordstrom Inc                                              | Nordstrom Inc                                                                    | CUSIP: 655664AR1<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    846000 | PA      | $600169.83    | 0.05%             | 2044-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CUMULUS MEDIA NEW HLDGS                                    | Cumulus Media New Holdings Inc                                                   | CUSIP: 23110AAB2<br>LEI: 5493001D9VBAVY1OKJ46 | Long             | DBT              | CORP              | US        |    280000 | PA      | $77700.00     | 0.01%             | 2029-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                          | DISH Network Corp                                                                | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   2145000 | PA      | $2214457.25   | 0.20%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                                     | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    759000 | PA      | $753524.53    | 0.07%             | 2033-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| DELUXE CORP                                                | Deluxe Corp                                                                      | CUSIP: 248019AW1<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |    217000 | PA      | $219646.10    | 0.02%             | 2029-09-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                       | Fiesta Purchaser Inc                                                             | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    510000 | PA      | $535745.31    | 0.05%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| KEHE DIST/FIN / NEXTWAVE                                   | KeHE Distributors LLC / KeHE Finance Corp / NextWave Distribution Inc            | CUSIP: 487526AC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    707000 | PA      | $737929.22    | 0.07%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| HUGHES SATELLITE SYSTEMS                                   | Hughes Satellite Systems Corp                                                    | CUSIP: 444454AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1141000 | PA      | $1029597.78   | 0.09%             | 2026-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| STANDARD INDUSTRI INC/NY                                   | Standard Industries Inc/NY                                                       | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   1605000 | PA      | $1507463.99   | 0.14%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MOBIUS MERGER SUB                                          | Mobius Merger Sub Inc                                                            | CUSIP: 606950AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    352000 | PA      | $312552.73    | 0.03%             | 2030-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BAFFINLAND IRON CORP/LP                                    | Baffinland Iron Mines Corp / Baffinland Iron Mines LP                            | CUSIP: 056623AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    545000 | PA      | $496116.39    | 0.04%             | 2026-07-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                               | US Foods Inc                                                                     | CUSIP: 90290MAE1<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    551000 | PA      | $530354.47    | 0.05%             | 2030-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| WILDFIRE INTERMEDIATE HO                                   | Wildfire Intermediate Holdings LLC                                               | CUSIP: 96812HAA6<br>LEI: 5493003RHEMQJZEXIR02 | Long             | DBT              | CORP              | US        |    493000 | PA      | $478062.89    | 0.04%             | 2029-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                                    | Macy's Retail Holdings LLC                                                       | CUSIP: 55617LAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    405000 | PA      | $387057.57    | 0.03%             | 2030-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CIENA CORP                                                 | Ciena Corp                                                                       | CUSIP: 171779AL5<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | DBT              | CORP              | US        |    275000 | PA      | $256224.57    | 0.02%             | 2030-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VIAVI SOLUTIONS INC                                        | Viavi Solutions Inc                                                              | CUSIP: 925550AF2<br>LEI: 5493006K3E3N1QOBF092 | Long             | DBT              | CORP              | US        |    366000 | PA      | $337105.91    | 0.03%             | 2029-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| EMBARQ CORP                                                | Embarq LLC                                                                       | CUSIP: 29078EAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1003000 | PA      | $473471.17    | 0.04%             | 2036-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PIKE CORP                                                  | Pike Corp                                                                        | CUSIP: 721283AA7<br>LEI: 549300P4EKEP6HK0NC58 | Long             | DBT              | CORP              | US        |    419000 | PA      | $415959.90    | 0.04%             | 2028-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARETEC GROUP INC                                           | Aretec Group Inc                                                                 | CUSIP: 04020JAA4<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |    513000 | PA      | $559640.93    | 0.05%             | 2030-08-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                     | Venture Global LNG Inc                                                           | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   1867000 | PA      | $1987367.36   | 0.18%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| CHAMP ACQUISITION CORP                                     | Champ Acquisition Corp                                                           | CUSIP: 15807XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    226000 | PA      | $237860.93    | 0.02%             | 2031-12-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Hudson Pacific Properties LP                               | Hudson Pacific Properties LP                                                     | CUSIP: 44409MAA4<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              |  | US        |    200000 | PA      | $175171.10    | 0.02%             | 2027-11-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies Inc                                      | SS&C Technologies Inc                                                            | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |   1153000 | PA      | $1152434.80   | 0.10%             | 2027-09-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                                   | Blue Racer Midstream LLC / Blue Racer Finance Corp                               | CUSIP: 095796AK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    373000 | PA      | $387030.02    | 0.03%             | 2032-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| VAREX IMAGING CORPORATIO                                   | Varex Imaging Corp                                                               | CUSIP: 92214XAC0<br>LEI: 549300CWYWPVCT8E9W67 | Long             | DBT              | CORP              | US        |    405000 | PA      | $403461.93    | 0.04%             | 2027-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| RAISING CANE'S RESTAURAN                                   | Raising Cane's Restaurants LLC                                                   | CUSIP: 75103AAA3<br>LEI: 254900V6ADXFWHYOED66 | Long             | DBT              | CORP              | US        |    287000 | PA      | $304926.88    | 0.03%             | 2029-05-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                           | AmWINS Group Inc                                                                 | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    565000 | PA      | $573268.78    | 0.05%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| EUSHI FINANCE INC                                          | EUSHI Finance Inc                                                                | CUSIP: 29882DAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    544000 | PA      | $557535.19    | 0.05%             | 2054-12-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| US CELLULAR CORP                                           | United States Cellular Corp                                                      | CUSIP: 911684AD0<br>LEI: 549300B164AZXESI6E03 | Long             | DBT              | CORP              | US        |    476000 | PA      | $512954.26    | 0.05%             | 2033-12-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                                             | Owens-Brockway Glass Container Inc                                               | CUSIP: 69073TAU7<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |    528000 | PA      | $529561.82    | 0.05%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                                         | PBF Holding Co LLC / PBF Finance Corp                                            | CUSIP: 69318FAL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $435143.85    | 0.04%             | 2030-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| PETSMART INC/PETSMART FI                                   | PetSmart Inc / PetSmart Finance Corp                                             | CUSIP: 71677KAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    747000 | PA      | $728076.10    | 0.07%             | 2029-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                      | Molina Healthcare Inc                                                            | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    349000 | PA      | $348751.41    | 0.03%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                         | Viking Cruises Ltd                                                               | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    475000 | PA      | $478652.36    | 0.04%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                                    | American Axle & Manufacturing Inc                                                | CUSIP: 02406PAU4<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    507000 | PA      | $505001.20    | 0.05%             | 2027-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ARKO CORP                                                  | Arko Corp                                                                        | CUSIP: 041242AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    417000 | PA      | $348326.98    | 0.03%             | 2029-11-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                              | CommScope LLC                                                                    | CUSIP: 203372AX5<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    827000 | PA      | $792911.96    | 0.07%             | 2029-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CALDERYS FINANCING LLC                                     | Calderys Financing LLC                                                           | CUSIP: 128786AA8<br>LEI: 254900ZIKDM74XNEFV84 | Long             | DBT              | CORP              | US        |    469000 | PA      | $499968.54    | 0.05%             | 2028-06-01      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                             | Whirlpool Corp                                                                   | CUSIP: 963320BC9<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    250000 | PA      | $236393.54    | 0.02%             | 2034-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                          | Herc Holdings Inc                                                                | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    563000 | PA      | $570695.08    | 0.05%             | 2029-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                              | LGI Homes Inc                                                                    | CUSIP: 50187TAH9<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    193000 | PA      | $198746.00    | 0.02%             | 2028-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Yum! Brands Inc                                            | Yum! Brands Inc                                                                  | CUSIP: 988498AD3<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    532000 | PA      | $564309.96    | 0.05%             | 2037-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NCR VOYIX CORP                                             | NCR Voyix Corp                                                                   | CUSIP: 62886EAY4<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |    671000 | PA      | $662351.41    | 0.06%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                   | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    819000 | PA      | $701723.35    | 0.06%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PHINIA INC                                                 | Phinia Inc                                                                       | CUSIP: 71880KAA9<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |    313000 | PA      | $320312.31    | 0.03%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TEXAS CAPITAL BANCSHARES                                   | Texas Capital Bancshares Inc                                                     | CUSIP: 88224QAA5<br>LEI: 549300466Q2SXRX0YM48 | Long             | DBT              | CORP              | US        |    178000 | PA      | $171648.56    | 0.02%             | 2031-05-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VELOCITY VEHICLE GROUP                                     | Velocity Vehicle Group LLC                                                       | CUSIP: 92262TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    422000 | PA      | $406193.15    | 0.04%             | 2029-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                                   | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    742000 | PA      | $734333.36    | 0.07%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AG TTMT ESCROW ISSUER                                      | AG TTMT Escrow Issuer LLC                                                        | CUSIP: 00840KAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    405000 | PA      | $420716.03    | 0.04%             | 2027-09-30      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| HAH GROUP HOLDING CO LLC                                   | HAH Group Holding Co LLC                                                         | CUSIP: 40518JAA7<br>LEI: 254900FFJQHW9R90FL74 | Long             | DBT              | CORP              | US        |    561000 | PA      | $559115.99    | 0.05%             | 2031-10-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                               | US Foods Inc                                                                     | CUSIP: 90290MAH4<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    339000 | PA      | $354721.13    | 0.03%             | 2032-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                                            | AdaptHealth LLC                                                                  | CUSIP: 00653VAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    570000 | PA      | $526945.16    | 0.05%             | 2029-08-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CROWDSTRIKE HOLDINGS INC                                   | Crowdstrike Holdings Inc                                                         | CUSIP: 22788CAA3<br>LEI: 549300YBY08K9KM4HX32 | Long             | DBT              | CORP              | US        |    449000 | PA      | $420560.16    | 0.04%             | 2029-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GENTING NY LLC/GENNY CAP                                   | Genting New York LLC / GENNY Capital Inc                                         | CUSIP: 37255JAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    525000 | PA      | $531315.69    | 0.05%             | 2029-10-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PROSPECT CAPITAL CORP                                      | Prospect Capital Corp                                                            | CUSIP: 74348TAW2<br>LEI: 549300FSD8T39P5Q0O47 | Long             | DBT              | CORP              | US        |    297000 | PA      | $262218.33    | 0.02%             | 2028-10-15      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| MOTION FINCO SARL                                          | Motion Finco Sarl                                                                | CUSIP: 61980LAB5<br>LEI: 2549002L1LBQZKA7UN30 | Long             | DBT              | CORP              | LU        |    417000 | PA      | $385783.23    | 0.03%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| COGENT COMM GROUP LLC                                      | Cogent Communications Group LLC                                                  | CUSIP: 19240CAE3<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |    401000 | PA      | $403449.16    | 0.04%             | 2027-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                    | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    629000 | PA      | $603265.22    | 0.05%             | 2030-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                                    | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              |  | US        |    821000 | PA      | $774821.95    | 0.07%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VERMILION ENERGY INC                                       | Vermilion Energy Inc                                                             | CUSIP: 923725AD7<br>LEI: WT03B8BB1IX8WI9ZGV02 | Long             | DBT              | CORP              | CA        |    616000 | PA      | $561243.27    | 0.05%             | 2030-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SUMMIT MIDSTREAM HOLDING                                   | Summit Midstream Holdings LLC                                                    | CUSIP: 86614JAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    729000 | PA      | $731182.63    | 0.07%             | 2029-10-31      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                                   | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAG5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    579000 | PA      | $518612.50    | 0.05%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| XEROX CORPORATION                                          | Xerox Corp                                                                       | CUSIP: 984121CL5<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |    100000 | PA      | $49494.08     | 0.00%             | 2035-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| TENNECO INC                                                | Tenneco Inc                                                                      | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |   1244000 | PA      | $1225838.60   | 0.11%             | 2028-11-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                            | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AD6<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    619000 | PA      | $584427.98    | 0.05%             | 2030-01-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                        | Kinetik Holdings LP                                                              | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    557000 | PA      | $554082.77    | 0.05%             | 2030-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                       | Matador Resources Co                                                             | CUSIP: 576485AF3<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    332000 | PA      | $336815.33    | 0.03%             | 2028-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                     | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    630000 | PA      | $629904.30    | 0.06%             | 2028-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                     | Comstock Resources Inc                                                           | CUSIP: 205768AU8<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    439000 | PA      | $431454.82    | 0.04%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                                     | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    510000 | PA      | $516956.40    | 0.05%             | 2026-08-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VF CORP                                                    | VF Corp                                                                          | CUSIP: 918204BC1<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |    772000 | PA      | $645109.83    | 0.06%             | 2030-04-23      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| MATIV HOLDINGS INC                                         | Mativ Holdings Inc                                                               | CUSIP: 808541AC0<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |    395000 | PA      | $337479.74    | 0.03%             | 2029-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ZIFF DAVIS INC                                             | Ziff Davis Inc                                                                   | CUSIP: 48123VAF9<br>LEI: 5493008OJYGLHD7MXA18 | Long             | DBT              | CORP              | US        |    599000 | PA      | $543698.76    | 0.05%             | 2030-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                               | Calpine Corp                                                                     | CUSIP: 131347CQ7<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    676000 | PA      | $656191.65    | 0.06%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                    | United Rentals North America Inc                                                 | CUSIP: 911365BF0<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    589000 | PA      | $589651.43    | 0.05%             | 2027-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                   | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    847000 | PA      | $863607.13    | 0.08%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALCOA NEDERLAND HOLDING                                    | Alcoa Nederland Holding BV                                                       | CUSIP: 013822AH4<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |    924000 | PA      | $959831.80    | 0.09%             | 2031-03-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                                   | Walgreens Boots Alliance Inc                                                     | CUSIP: 931427AQ1<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |   1043000 | PA      | $1020598.65   | 0.09%             | 2026-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                  | Ball Corp                                                                        | CUSIP: 058498AX4<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    559000 | PA      | $490645.37    | 0.04%             | 2031-09-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                    | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BG6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1009000 | PA      | $1012072.85   | 0.09%             | 2028-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EDGEWELL PERSONAL CARE                                     | Edgewell Personal Care Co                                                        | CUSIP: 28035QAA0<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |    735000 | PA      | $723170.26    | 0.07%             | 2028-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KRONOS ACQUISITION HOLDI                                   | Kronos Acquisition Holdings Inc                                                  | CUSIP: 50106GAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    470000 | PA      | $411736.22    | 0.04%             | 2031-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                                         | Rithm Capital Corp                                                               | CUSIP: 64828TAB8<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              |  | US        |    635000 | PA      | $637227.58    | 0.06%             | 2029-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                    | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    627000 | PA      | $626573.58    | 0.06%             | 2027-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BORR IHC LTD / BORR FIN                                    | Borr IHC Ltd / Borr Finance LLC                                                  | CUSIP: 100018AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    989694 | PA      | $857688.53    | 0.08%             | 2028-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| MATTAMY GROUP CORP                                         | Mattamy Group Corp                                                               | CUSIP: 57701RAJ1<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |    446000 | PA      | $443854.03    | 0.04%             | 2027-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                      | Caesars Entertainment Inc                                                        | CUSIP: 28470RAK8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   1366000 | PA      | $1368860.40   | 0.12%             | 2027-07-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                     | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1760000 | PA      | $1520522.08   | 0.14%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HRT DNT / HRT DNT FIN                                      | Heartland Dental LLC / Heartland Dental Finance Corp                             | CUSIP: 42239PAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    662000 | PA      | $700410.56    | 0.06%             | 2028-04-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                          | Post Holdings Inc                                                                | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    778000 | PA      | $710033.06    | 0.06%             | 2031-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| OFFICE PPTY INCOME TRST                                    | Office Properties Income Trust                                                   | CUSIP: 67623CAJ8<br>LEI: N/A                  | Long             | DBT              |  | US        |    632000 | PA      | $467680.00    | 0.04%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                                   | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622FAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $518221.21    | 0.05%             | 2034-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                                     | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BF7<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    312000 | PA      | $312390.62    | 0.03%             | 2026-05-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                     | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    479000 | PA      | $481728.86    | 0.04%             | 2029-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FMG RESOURCES AUG 2006                                     | FMG Resources August 2006 Pty Ltd                                                | CUSIP: 30251GBD8<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    584000 | PA      | $584004.73    | 0.05%             | 2030-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                                   | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp               | CUSIP: 505742AP1<br>LEI: N/A                  | Long             | DBT              |  | US        |    329000 | PA      | $318914.90    | 0.03%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| COUGAR JV SUBSIDIARY LLC                                   | Cougar JV Subsidiary LLC                                                         | CUSIP: 22208WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    561000 | PA      | $589825.30    | 0.05%             | 2032-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CHORD ENERGY CORP                                          | Chord Energy Corp                                                                | CUSIP: 674215AN8<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |    650000 | PA      | $646035.26    | 0.06%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AXALTA COAT/DUTCH HLD BV                                   | Axalta Coating Systems LLC / Axalta Coating Systems Dutch Holding B BV           | CUSIP: 05454NAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    445000 | PA      | $440654.17    | 0.04%             | 2027-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DELUXE CORP                                                | Deluxe Corp                                                                      | CUSIP: 248019AU5<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |    633000 | PA      | $588063.25    | 0.05%             | 2029-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                              | TransDigm Inc                                                                    | CUSIP: 893647BT3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    958000 | PA      | $992201.56    | 0.09%             | 2031-12-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                     | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2072000 | PA      | $2051919.21   | 0.18%             | 2027-05-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                      | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    639000 | PA      | $619976.97    | 0.06%             | 2029-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| TOPBUILD CORP                                              | TopBuild Corp                                                                    | CUSIP: 89055FAB9<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |    296000 | PA      | $277337.35    | 0.02%             | 2029-03-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                      | Tenet Healthcare Corp                                                            | CUSIP: 88033GDS6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    959000 | PA      | $960281.22    | 0.09%             | 2027-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Methanex Corp                                              | Methanex Corp                                                                    | CUSIP: 59151KAJ7<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |    448000 | PA      | $344906.60    | 0.03%             | 2044-12-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD PPTY REIT INC                                   | Brookfield Property REIT Inc / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL | CUSIP: 11284DAA3<br>LEI: N/A                  | Long             | DBT              |  | US        |    694000 | PA      | $687977.12    | 0.06%             | 2026-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                                   | Walgreens Boots Alliance Inc                                                     | CUSIP: 931427AC2<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |    319000 | PA      | $294876.33    | 0.03%             | 2044-11-18      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                         | Advance Auto Parts Inc                                                           | CUSIP: 00751YAF3<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    343000 | PA      | $317186.30    | 0.03%             | 2027-10-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/VM HOLDS                                    | VistaJet Malta Finance PLC / Vista Management Holding Inc                        | CUSIP: 92841HAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    442000 | PA      | $435845.81    | 0.04%             | 2028-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                   | Celanese US Holdings LLC                                                         | CUSIP: 15089QAW4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    575000 | PA      | $595751.75    | 0.05%             | 2028-11-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                                   | Walgreens Boots Alliance Inc                                                     | CUSIP: 931427AB4<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |    351000 | PA      | $334148.49    | 0.03%             | 2034-11-18      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                         | Voyager Parent LLC                                                               | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    200000 | PA      | $206754.80    | 0.02%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| HELIOS SOFT/ION CORP SOL                                   | Helios Software Holdings Inc / ION Corporate Solutions Finance Sarl              | CUSIP: 42329HAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    460000 | PA      | $467486.04    | 0.04%             | 2029-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| FORVIA SE                                                  | Forvia SE                                                                        | CUSIP: 31209DAA3<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $406869.20    | 0.04%             | 2030-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| RANGE RESOURCES CORP                                       | Range Resources Corp                                                             | CUSIP: 75281ABJ7<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |    335000 | PA      | $344348.51    | 0.03%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                               | Entegris Inc                                                                     | CUSIP: 29362UAD6<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    477000 | PA      | $445256.03    | 0.04%             | 2029-05-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| TEGNA INC                                                  | TEGNA Inc                                                                        | CUSIP: 87901JAJ4<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |    927000 | PA      | $902150.41    | 0.08%             | 2028-03-15      | Fixed         | 4.63%                 | 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        |    404000 | PA      | $376356.14    | 0.03%             | 2029-02-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VIBRANTZ TECH INC                                          | Vibrantz Technologies Inc                                                        | CUSIP: 69357VAA3<br>LEI: 549300GYZ1T3S8OPH343 | Long             | DBT              | CORP              | US        |    626000 | PA      | $441871.49    | 0.04%             | 2030-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                     | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2197000 | PA      | $2156249.38   | 0.19%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GPS HOSPITALITY HOLDING                                    | GPS Hospitality Holding Co LLC / GPS Finco Inc                                   | CUSIP: 36262BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    356000 | PA      | $208443.98    | 0.02%             | 2028-08-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MAVIS TIRE EXPRESS SERVI                                   | Mavis Tire Express Services Topco Corp                                           | CUSIP: 59155LAA0<br>LEI: 254900NVDM4GTLBL9E56 | Long             | DBT              | CORP              | US        |    533000 | PA      | $507110.68    | 0.05%             | 2029-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                          | Post Holdings Inc                                                                | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    624000 | PA      | $635209.54    | 0.06%             | 2032-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| DYCOM INDUSTRIES INC                                       | Dycom Industries Inc                                                             | CUSIP: 267475AD3<br>LEI: 549300F56EKTHQI3WT60 | Long             | DBT              | CORP              | US        |    380000 | PA      | $365924.76    | 0.03%             | 2029-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                      | Molina Healthcare Inc                                                            | CUSIP: 60855RAL4<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    738000 | PA      | $659580.64    | 0.06%             | 2032-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                         | Osaic Holdings Inc                                                               | CUSIP: 00791GAA5<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    326000 | PA      | $328103.50    | 0.03%             | 2027-08-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                     | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    738000 | PA      | $769024.04    | 0.07%             | 2032-02-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| TWILIO INC                                                 | Twilio Inc                                                                       | CUSIP: 90138FAC6<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |    380000 | PA      | $358004.73    | 0.03%             | 2029-03-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| SLM CORP                                                   | SLM Corp                                                                         | CUSIP: 78442PGE0<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | DBT              | CORP              | US        |    480000 | PA      | $468867.65    | 0.04%             | 2026-11-02      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                        | Avantor Funding Inc                                                              | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |   1222000 | PA      | $1191746.82   | 0.11%             | 2028-07-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                        | Buckeye Partners LP                                                              | CUSIP: 118230AV3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    515000 | PA      | $529839.73    | 0.05%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                     | Venture Global LNG Inc                                                           | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   1890000 | PA      | $1935615.15   | 0.17%             | 2028-06-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                      | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAB4<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    487000 | PA      | $497253.30    | 0.04%             | 2031-05-15      | Fixed         | 9.13%                 | 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        |    512000 | PA      | $522307.58    | 0.05%             | 2032-05-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                              | CommScope LLC                                                                    | CUSIP: 20338MAA0<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    600000 | PA      | $624040.80    | 0.06%             | 2031-12-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| COINBASE GLOBAL INC                                        | Coinbase Global Inc                                                              | CUSIP: 19260QAD9<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |    646000 | PA      | $562757.15    | 0.05%             | 2031-10-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                 | goeasy Ltd                                                                       | CUSIP: 380355AM9<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    509000 | PA      | $503103.95    | 0.05%             | 2030-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                     | EquipmentShare.com Inc                                                           | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |    577000 | PA      | $599725.15    | 0.05%             | 2028-05-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| PRESTIGE BRANDS INC                                        | Prestige Brands Inc                                                              | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |    538000 | PA      | $488684.45    | 0.04%             | 2031-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS                                     | Axalta Coating Systems LLC                                                       | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |    471000 | PA      | $438726.95    | 0.04%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD US                                     | Cushman & Wakefield US Borrower LLC                                              | CUSIP: 23166MAC7<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |    318000 | PA      | $340350.63    | 0.03%             | 2031-09-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                    | Starwood Property Trust Inc                                                      | CUSIP: 85571BBE4<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    800000 | PA      | $811600.00    | 0.07%             | 2030-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                                     | Arsenal AIC Parent LLC                                                           | CUSIP: 04288BAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    462000 | PA      | $515042.68    | 0.05%             | 2031-10-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| AIR CANADA                                                 | Air Canada                                                                       | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |    546000 | PA      | $539453.95    | 0.05%             | 2026-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SUNCOKE ENERGY INC                                         | SunCoke Energy Inc                                                               | CUSIP: 86722AAD5<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | DBT              | CORP              | US        |    624000 | PA      | $574103.40    | 0.05%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NUFARM AUSTRALIA/AMERICA                                   | Nufarm Australia Ltd / Nufarm Americas Inc                                       | CUSIP: 67052NAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |    386000 | PA      | $354500.32    | 0.03%             | 2030-01-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONT GAMING GTA/OTG CO-IS                                   | Ontario Gaming GTA LP/OTG Co-Issuer Inc                                          | CUSIP: 68306MAA7<br>LEI: 894500EC9KLZLOC3V025 | Long             | DBT              | CORP              | CA        |    395000 | PA      | $390713.82    | 0.04%             | 2030-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                          | Clean Harbors Inc                                                                | CUSIP: 184496AN7<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |    400000 | PA      | $396459.66    | 0.04%             | 2027-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                          | Newell Brands Inc                                                                | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    510000 | PA      | $471845.93    | 0.04%             | 2032-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                                           | Cinemark USA Inc                                                                 | CUSIP: 172441BH9<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |    335000 | PA      | $344897.91    | 0.03%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS/CANADA WON                                       | Six Flags Entertainment Corp / Canada's Wonderland Co / Magnum Management Corp   | CUSIP: 150190AK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $403601.20    | 0.04%             | 2028-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                   | Olympus Water US Holding Corp                                                    | CUSIP: 681639AB6<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    655000 | PA      | $608560.28    | 0.05%             | 2029-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| BOYD GAMING CORP                                           | Boyd Gaming Corp                                                                 | CUSIP: 103304BU4<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |    791000 | PA      | $780868.24    | 0.07%             | 2027-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                                     | Harvest Midstream I LP                                                           | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    653000 | PA      | $663568.15    | 0.06%             | 2028-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                    | United Rentals North America Inc                                                 | CUSIP: 911363AM1<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    756000 | PA      | $698170.61    | 0.06%             | 2031-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| KORN/FERRY INTERNATIONAL                                   | Korn Ferry                                                                       | CUSIP: 50067PAA7<br>LEI: 549300FOD20OM0GT5G40 | Long             | DBT              | CORP              | US        |    554000 | PA      | $545969.22    | 0.05%             | 2027-12-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| KOHL'S CORPORATION                                         | Kohl's Corp                                                                      | CUSIP: 500255AX2<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |    458000 | PA      | $293611.54    | 0.03%             | 2031-05-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                             | Gray Media Inc                                                                   | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    817000 | PA      | $869578.85    | 0.08%             | 2029-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                                        | Axon Enterprise Inc                                                              | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    550000 | PA      | $559392.90    | 0.05%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TKC HOLDINGS INC                                           | TKC Holdings Inc                                                                 | CUSIP: 87256YAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    477000 | PA      | $474978.47    | 0.04%             | 2028-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                         | Kennedy-Wilson Inc                                                               | CUSIP: 489399AM7<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |    733000 | PA      | $636225.91    | 0.06%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                                            | AdaptHealth LLC                                                                  | CUSIP: 00653VAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    436000 | PA      | $403304.84    | 0.04%             | 2030-03-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                          | Lithia Motors Inc                                                                | CUSIP: 536797AE3<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    548000 | PA      | $540954.86    | 0.05%             | 2027-12-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| PM GENERAL PURCHASER LLC                                   | PM General Purchaser LLC                                                         | CUSIP: 69356MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    566000 | PA      | $366626.50    | 0.03%             | 2028-10-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| SCRIPPS ESCROW II INC                                      | Scripps Escrow II Inc                                                            | CUSIP: 81105DAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    501000 | PA      | $428815.92    | 0.04%             | 2029-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                      | Caesars Entertainment Inc                                                        | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    856000 | PA      | $863421.52    | 0.08%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL METALS CO                                       | Commercial Metals Co                                                             | CUSIP: 201723AR4<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |    323000 | PA      | $293922.60    | 0.03%             | 2032-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                       | Edison International                                                             | CUSIP: 281020AZ0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    376000 | PA      | $362698.21    | 0.03%             | 2054-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| GOAT HOLDCO LLC                                            | Goat Holdco LLC                                                                  | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    483000 | PA      | $481490.63    | 0.04%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GENESEE & WYOMING INC                                      | Genesee & Wyoming Inc                                                            | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |    641000 | PA      | $651801.49    | 0.06%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CASCADES INC/USA INC                                       | Cascades Inc/Cascades USA Inc                                                    | CUSIP: 14739LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    250000 | PA      | $251751.25    | 0.02%             | 2030-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| QVC Inc                                                    | QVC Inc                                                                          | CUSIP: 747262AM5<br>LEI: 549300WBLU5NKPX5X472 | Long             | DBT              | CORP              | US        |    235000 | PA      | $94000.00     | 0.01%             | 2043-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY                                    | Howard Midstream Energy Partners LLC                                             | CUSIP: 442722AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    544000 | PA      | $563399.04    | 0.05%             | 2032-07-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN AQUILA LTD                                      | Transocean Aquila Ltd                                                            | CUSIP: 893790AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    212000 | PA      | $212805.58    | 0.02%             | 2028-09-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN                                   | CQP Holdco LP / BIP-V Chinook Holdco LLC                                         | CUSIP: 12657NAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    515000 | PA      | $545579.67    | 0.05%             | 2033-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                                   | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 77313LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    751000 | PA      | $649362.66    | 0.06%             | 2033-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                    | United Rentals North America Inc                                                 | CUSIP: 911365BN3<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    583000 | PA      | $547729.49    | 0.05%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                           | MGM Resorts International                                                        | CUSIP: 552953CJ8<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    858000 | PA      | $856864.97    | 0.08%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATIN                                   | TerraForm Power Operating LLC                                                    | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |    624000 | PA      | $607080.55    | 0.05%             | 2028-01-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                    | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    448000 | PA      | $456069.82    | 0.04%             | 2029-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| NOVA Chemicals Corp                                        | NOVA Chemicals Corp                                                              | CUSIP: 66977WAR0<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |    717000 | PA      | $716316.99    | 0.06%             | 2027-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MOHEGAN TRIBAL / MS DIG                                    | Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC          | CUSIP: 60832QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    725000 | PA      | $738316.80    | 0.07%             | 2030-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                                      | McGraw-Hill Education Inc                                                        | CUSIP: 57767XAB6<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    652000 | PA      | $654175.78    | 0.06%             | 2029-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ATP TOW/ANDEAN TELECOM                                     | ATP Tower Holdings / Andean Telecom Partners Chile SpA / Andean Tower Partners C | CUSIP: 00193BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    386000 | PA      | $387240.43    | 0.03%             | 2030-02-03      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                   | Rogers Communications Inc                                                        | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    630000 | PA      | $631232.45    | 0.06%             | 2055-04-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| HILTON WORLDWIDE FIN LLC                                   | Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp                     | CUSIP: 432891AK5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    602000 | PA      | $600461.95    | 0.05%             | 2027-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                 | DaVita Inc                                                                       | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    775000 | PA      | $787785.12    | 0.07%             | 2032-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MERCER INTL INC                                            | Mercer International Inc                                                         | CUSIP: 588056BB6<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |    691000 | PA      | $549990.95    | 0.05%             | 2029-02-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                                        | Altice Financing SA                                                              | CUSIP: 02154CAF0<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    749000 | PA      | $587150.46    | 0.05%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| CHS/COMMUNITY HEALTH SYS                                   | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    984000 | PA      | $823268.52    | 0.07%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WALKER & DUNLOP INC                                        | Walker & Dunlop Inc                                                              | CUSIP: 93148PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $304047.96    | 0.03%             | 2033-04-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                         | Energy Transfer LP                                                               | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    514000 | PA      | $539252.31    | 0.05%             | 2054-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                                      | Bath & Body Works Inc                                                            | CUSIP: 532716AK3<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    332000 | PA      | $335285.47    | 0.03%             | 2033-03-01      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                     | WESCO Distribution Inc                                                           | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   1054000 | PA      | $1074345.36   | 0.10%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ELDORADO GOLD CORP                                         | Eldorado Gold Corp                                                               | CUSIP: 284902AF0<br>LEI: 5493004PWQ01YDD1IH62 | Long             | DBT              | CORP              | CA        |    242000 | PA      | $240654.94    | 0.02%             | 2029-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESOR                                   | Marriott Ownership Resorts Inc                                                   | CUSIP: 57164PAF3<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |    245000 | PA      | $237389.86    | 0.02%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AMSTED INDUSTRIES                                          | Amsted Industries Inc                                                            | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152369.63    | 0.01%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN                                   | CQP Holdco LP / BIP-V Chinook Holdco LLC                                         | CUSIP: 12657NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    985000 | PA      | $947303.56    | 0.09%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DYE & DURHAM LIMITED                                       | Dye & Durham Ltd                                                                 | CUSIP: 267486AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    435000 | PA      | $451625.27    | 0.04%             | 2029-04-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                      | Tenet Healthcare Corp                                                            | CUSIP: 88033GDM9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1388000 | PA      | $1333782.36   | 0.12%             | 2029-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                                           | Vital Energy Inc                                                                 | CUSIP: 516806AJ5<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    235000 | PA      | $207306.28    | 0.02%             | 2030-10-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                                     | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAC9<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    382000 | PA      | $390246.62    | 0.04%             | 2031-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ENERSYS                                                    | EnerSys                                                                          | CUSIP: 29275YAF9<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | DBT              | CORP              | US        |    396000 | PA      | $404704.87    | 0.04%             | 2032-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANC                                           | Credit Acceptance Corp                                                           | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    516000 | PA      | $514952.52    | 0.05%             | 2030-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                                       | Taylor Morrison Communities Inc                                                  | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    344000 | PA      | $346249.76    | 0.03%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                               | Entegris Inc                                                                     | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    776000 | PA      | $777174.86    | 0.07%             | 2030-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                                      | Panther Escrow Issuer LLC                                                        | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2195000 | PA      | $2272107.91   | 0.20%             | 2031-06-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| UNITED NATURAL FOODS INC                                   | United Natural Foods Inc                                                         | CUSIP: 911163AA1<br>LEI: 549300GKGW6WPZ282D40 | Long             | DBT              | CORP              | US        |    361000 | PA      | $359000.46    | 0.03%             | 2028-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                     | WESCO Distribution Inc                                                           | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    457000 | PA      | $468415.94    | 0.04%             | 2032-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                         | CNX Resources Corp                                                               | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    450000 | PA      | $458866.35    | 0.04%             | 2032-03-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                              | TransDigm Inc                                                                    | CUSIP: 893647BQ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1001000 | PA      | $969890.52    | 0.09%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NCR VOYIX CORP                                             | NCR Voyix Corp                                                                   | CUSIP: 62886EBA5<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |    415000 | PA      | $404863.96    | 0.04%             | 2029-04-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| EVERGREEN ACQCO/TVI INC                                    | Evergreen Acqco 1 LP / TVI Inc                                                   | CUSIP: 30015DAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    469000 | PA      | $491315.49    | 0.04%             | 2028-04-26      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| WOLVERINE WORLD WIDE                                       | Wolverine World Wide Inc                                                         | CUSIP: 978097AG8<br>LEI: 549300OVC7PK14LQ8D87 | Long             | DBT              | CORP              | US        |    478000 | PA      | $418848.02    | 0.04%             | 2029-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                                     | Northern Oil & Gas Inc                                                           | CUSIP: 665531AG4<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    399000 | PA      | $400956.30    | 0.04%             | 2028-03-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| MOHEGAN TRIBAL / MS DIG                                    | Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC          | CUSIP: 60832QAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    549000 | PA      | $570197.99    | 0.05%             | 2031-04-15      | Fixed         | 11.88%                | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                               | Fibercop SpA                                                                     | CUSIP: 683879AD2<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    536000 | PA      | $504584.72    | 0.05%             | 2034-09-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BELL CANADA                                                | Bell Telephone Co of Canada or Bell Canada                                       | CUSIP: 0778FPAP4<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |    750000 | PA      | $756722.83    | 0.07%             | 2055-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                                   | Walgreens Boots Alliance Inc                                                     | CUSIP: 931427AR9<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |    500000 | PA      | $451544.69    | 0.04%             | 2046-06-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| XEROX HOLDINGS CORP                                        | Xerox Holdings Corp                                                              | CUSIP: 98421MAB2<br>LEI: 5493000Y33XDVO2CXC18 | Long             | DBT              | CORP              | US        |    702000 | PA      | $493200.00    | 0.04%             | 2028-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HILLENBRAND INC                                            | Hillenbrand Inc                                                                  | CUSIP: 431571AE8<br>LEI: U246OE781574J2BUD366 | Long             | DBT              | CORP              | US        |    359000 | PA      | $315094.69    | 0.03%             | 2031-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                      | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    588000 | PA      | $480817.41    | 0.04%             | 2029-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                                   | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    685000 | PA      | $676591.15    | 0.06%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                            | Fair Isaac Corp                                                                  | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000612.12   | 0.09%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FORESTAR GROUP INC                                         | Forestar Group Inc                                                               | CUSIP: 346232AE1<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |    266000 | PA      | $262019.36    | 0.02%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                         | Viking Cruises Ltd                                                               | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    498000 | PA      | $535000.90    | 0.05%             | 2031-07-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                           | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    725000 | PA      | $686923.51    | 0.06%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ALTA EQUIPMENT GROUP                                       | Alta Equipment Group Inc                                                         | CUSIP: 02128LAC0<br>LEI: 549300DGOB28CLGS1X27 | Long             | DBT              | CORP              | US        |    434000 | PA      | $379580.09    | 0.03%             | 2029-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| NABORS INDUSTRIES INC                                      | Nabors Industries Inc                                                            | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    611000 | PA      | $587152.05    | 0.05%             | 2027-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| AFRICELL HOLDING LTD                                       | Africell Holding Ltd                                                             | CUSIP: 00833NAA0<br>LEI: 984500JFB7AFK4B6C829 | Long             | DBT              | CORP              | JE        |    218000 | PA      | $211450.91    | 0.02%             | 2029-10-23      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                      | Quikrete Holdings Inc                                                            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   2650000 | PA      | $2694737.30   | 0.24%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC                                          | Waste Pro USA Inc                                                                | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |    550000 | PA      | $565305.95    | 0.05%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                               | Navient Corp                                                                     | CUSIP: 63938CAL2<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    783000 | PA      | $764355.83    | 0.07%             | 2028-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA BUYER/ATLANTI                                   | California Buyer Ltd / Atlantica Sustainable Infrastructure PLC                  | CUSIP: 13005HAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    501000 | PA      | $495689.55    | 0.04%             | 2032-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                                   | Graphic Packaging International LLC                                              | CUSIP: 38869AAB3<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    342000 | PA      | $324691.48    | 0.03%             | 2028-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                      | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   1034000 | PA      | $1089769.82   | 0.10%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                   | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAP4<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    983000 | PA      | $928074.78    | 0.08%             | 2029-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                                     | Delek Logistics Partners LP / Delek Logistics Finance Corp                       | CUSIP: 24665FAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    629000 | PA      | $652042.16    | 0.06%             | 2029-03-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Sealed Air Corp                                            | Sealed Air Corp                                                                  | CUSIP: 81211KAK6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    314000 | PA      | $329174.65    | 0.03%             | 2033-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SPX FLOW INC                                               | SPX FLOW Inc                                                                     | CUSIP: 758071AA2<br>LEI: 5493003YXEKRBINIEM78 | Long             | DBT              | CORP              | US        |    504000 | PA      | $519196.61    | 0.05%             | 2030-04-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| LABL INC                                                   | LABL Inc                                                                         | CUSIP: 50168QAC9<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |    441000 | PA      | $376773.47    | 0.03%             | 2028-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ROLLER BEARING CO OF AME                                   | Roller Bearing Co of America Inc                                                 | CUSIP: 775631AD6<br>LEI: 254900U9XW6S76H2P167 | Long             | DBT              | CORP              | US        |    256000 | PA      | $244713.19    | 0.02%             | 2029-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                                    | Macy's Retail Holdings LLC                                                       | CUSIP: 55616XAG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    327000 | PA      | $220250.56    | 0.02%             | 2042-01-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| GLOBAL NET LEASE/GLOBAL                                    | Global Net Lease Inc / Global Net Lease Operating Partnership LP                 | CUSIP: 37892AAA8<br>LEI: N/A                  | Long             | DBT              |  | US        |    536000 | PA      | $509222.30    | 0.05%             | 2027-12-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LD HOLDINGS GROUP LLC                                      | LD Holdings Group LLC                                                            | CUSIP: 521088AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $243474.98    | 0.02%             | 2027-11-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL/CONNE                                   | Connect Finco SARL / Connect US Finco LLC                                        | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1595000 | PA      | $1522203.88   | 0.14%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| JAZZ SECURITIES DAC                                        | Jazz Securities DAC                                                              | CUSIP: 47216FAA5<br>LEI: 6354009DV8VV7K6KOO02 | Long             | DBT              | CORP              | IE        |   1224000 | PA      | $1174441.71   | 0.11%             | 2029-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                                   | Blue Racer Midstream LLC / Blue Racer Finance Corp                               | CUSIP: 095796AE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    313000 | PA      | $314042.92    | 0.03%             | 2026-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| M/I HOMES INC                                              | M/I Homes Inc                                                                    | CUSIP: 55305BAV3<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |    319000 | PA      | $293963.83    | 0.03%             | 2030-02-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| KRAKEN OIL & GAS PARTNER                                   | Kraken Oil & Gas Partners LLC                                                    | CUSIP: 50076PAA6<br>LEI: 549300DR5HSL4YAU3X12 | Long             | DBT              | CORP              | US        |    489000 | PA      | $463834.61    | 0.04%             | 2029-08-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                                         | Vodafone Group PLC                                                               | CUSIP: 92857WBW9<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    662000 | PA      | $595767.23    | 0.05%             | 2081-06-04      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                                   | Sinclair Television Group Inc                                                    | CUSIP: 829259BG4<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    622000 | PA      | $670205.00    | 0.06%             | 2033-02-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Steelcase Inc                                              | Steelcase Inc                                                                    | CUSIP: 858155AE4<br>LEI: GIE4CCPBJDI8SMV1OX95 | Long             | DBT              | CORP              | US        |    322000 | PA      | $312926.04    | 0.03%             | 2029-01-18      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ALLIANCE RES OP/FINANCE                                    | Alliance Resource Operating Partners LP / Alliance Resource Finance Corp         | CUSIP: 01879NAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    424000 | PA      | $443588.80    | 0.04%             | 2029-06-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                            | Sealed Air Corp                                                                  | CUSIP: 81211KBA7<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    317000 | PA      | $311468.35    | 0.03%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                           | CSC Holdings LLC                                                                 | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1376000 | PA      | $1304392.13   | 0.12%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SCRIPPS ESCROW INC                                         | Scripps Escrow Inc                                                               | CUSIP: 81104PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    416000 | PA      | $353099.93    | 0.03%             | 2027-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OP LLC                                     | Clearway Energy Operating LLC                                                    | CUSIP: 18539UAD7<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |    890000 | PA      | $803996.83    | 0.07%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                                   | Encore Capital Group Inc                                                         | CUSIP: 292554AR3<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    200000 | PA      | $212190.15    | 0.02%             | 2030-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                             | 1261229 BC Ltd                                                                   | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   3856000 | PA      | $3819915.24   | 0.34%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| PG&E CORP                                                  | PG&E Corp                                                                        | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   1005000 | PA      | $975901.73    | 0.09%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| XEROX CORPORATION                                          | Xerox Corp                                                                       | CUSIP: 984121CS0<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |    375000 | PA      | $385813.88    | 0.03%             | 2030-10-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                   | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1008000 | PA      | $1022746.03   | 0.09%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                              | EchoStar Corp                                                                    | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   3729000 | PA      | $3749789.18   | 0.34%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| ASSUREDPARTNERS INC                                        | AssuredPartners Inc                                                              | CUSIP: 04624VAC3<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | DBT              | CORP              | US        |    532000 | PA      | $569886.38    | 0.05%             | 2032-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VALVOLINE INC                                              | Valvoline Inc                                                                    | CUSIP: 92047WAG6<br>LEI: 549300CMHPBEY6VPOT75 | Long             | DBT              | CORP              | US        |    455000 | PA      | $404162.99    | 0.04%             | 2031-06-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                                       | Michaels Cos Inc/The                                                             | CUSIP: 55916AAB0<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    762000 | PA      | $371475.00    | 0.03%             | 2029-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                     | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2655000 | PA      | $2418356.13   | 0.22%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                             | Sabre GLBL Inc                                                                   | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    692000 | PA      | $708435.00    | 0.06%             | 2029-11-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                        | Sirius XM Radio LLC                                                              | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   1249000 | PA      | $1093136.17   | 0.10%             | 2031-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TELESAT CANADA/TELESAT L                                   | Telesat Canada / Telesat LLC                                                     | CUSIP: 87952VAP1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    201000 | PA      | $115899.76    | 0.01%             | 2027-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| API GROUP DE INC                                           | APi Group DE Inc                                                                 | CUSIP: 00185PAA9<br>LEI: 549300XP4G7B4QYA0G83 | Long             | DBT              | CORP              | US        |    356000 | PA      | $346918.12    | 0.03%             | 2029-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                           | GGAM Finance Ltd                                                                 | CUSIP: 36170JAD8<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    350000 | PA      | $357416.50    | 0.03%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                                    | Asbury Automotive Group Inc                                                      | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    479000 | PA      | $447648.73    | 0.04%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BENTELER INTERNATIONAL A                                   | Benteler International AG                                                        | CUSIP: 08263DAA4<br>LEI: 529900ZAFSOBVFCKF263 | Long             | DBT              | CORP              | AT        |    500000 | PA      | $525798.00    | 0.05%             | 2028-05-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                              | TransDigm Inc                                                                    | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1441000 | PA      | $1396667.20   | 0.13%             | 2029-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                            | Gen Digital Inc                                                                  | CUSIP: 668771AK4<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    328000 | PA      | $333896.46    | 0.03%             | 2027-09-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PREMIER ENTERTAINMENT SU                                   | Premier Entertainment Sub LLC / Premier Entertainment Finance Corp               | CUSIP: 74052HAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    664000 | PA      | $440730.00    | 0.04%             | 2029-09-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                               | Calpine Corp                                                                     | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    817000 | PA      | $810409.18    | 0.07%             | 2028-03-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                  | Sunoco LP                                                                        | CUSIP: 86765KAB5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    484000 | PA      | $499820.99    | 0.05%             | 2029-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LABL INC                                                   | LABL Inc                                                                         | CUSIP: 50168QAF2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |    745000 | PA      | $617423.82    | 0.06%             | 2031-10-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                          | Iron Mountain Inc                                                                | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |   1114000 | PA      | $1087801.06   | 0.10%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                    | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    461000 | PA      | $439759.75    | 0.04%             | 2031-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                   | Permian Resources Operating LLC                                                  | CUSIP: 27034RAA1<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    589000 | PA      | $600027.26    | 0.05%             | 2027-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                     | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    455000 | PA      | $463758.30    | 0.04%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ASHLAND INC                                                | Ashland Inc                                                                      | CUSIP: 044209AM6<br>LEI: 529900E4L9R04SB8HB11 | Long             | DBT              | CORP              | US        |    311000 | PA      | $318411.13    | 0.03%             | 2043-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                               | US Foods Inc                                                                     | CUSIP: 90290MAG6<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    539000 | PA      | $554890.80    | 0.05%             | 2028-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                                      | McGraw-Hill Education Inc                                                        | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    788000 | PA      | $778924.68    | 0.07%             | 2028-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PITNEY BOWES INC                                           | Pitney Bowes Inc                                                                 | CUSIP: 724479AP5<br>LEI: 549300N2O26NW4ST6W55 | Long             | DBT              | CORP              | US        |    678000 | PA      | $682143.26    | 0.06%             | 2027-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| C&S GROUP ENTERPRISES LL                                   | C&S Group Enterprises LLC                                                        | CUSIP: 12467AAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    331000 | PA      | $282597.61    | 0.03%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp                                                             | CUSIP: 85172FAQ2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    692000 | PA      | $705297.12    | 0.06%             | 2028-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                    | ATI Inc                                                                          | CUSIP: 01741RAN2<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    312000 | PA      | $326966.02    | 0.03%             | 2030-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                              | ZF North America Capital Inc                                                     | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    616000 | PA      | $565564.62    | 0.05%             | 2032-04-23      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                         | Kennedy-Wilson Inc                                                               | CUSIP: 489399AN5<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |    446000 | PA      | $396237.55    | 0.04%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                             | Open Text Corp                                                                   | CUSIP: 683715AD8<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |    617000 | PA      | $574897.96    | 0.05%             | 2029-12-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MEG ENERGY CORP                                            | MEG Energy Corp                                                                  | CUSIP: 552704AF5<br>LEI: 5493002WXPTG5ZC1T326 | Long             | DBT              | CORP              | CA        |    468000 | PA      | $465909.42    | 0.04%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING                                       | Cornerstone Building Brands Inc                                                  | CUSIP: 21925DAB5<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |    385000 | PA      | $342437.75    | 0.03%             | 2029-08-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| ENOVA INTERNATIONAL INC                                    | Enova International Inc                                                          | CUSIP: 29357KAH6<br>LEI: 549300O8XOCQSB49UO63 | Long             | DBT              | CORP              | US        |    894000 | PA      | $960024.58    | 0.09%             | 2028-12-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                     | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    817000 | PA      | $836151.30    | 0.08%             | 2030-04-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| NINE ENERGY SERVICE INC                                    | Nine Energy Service Inc                                                          | CUSIP: 65441VAE1<br>LEI: 549300KRLJCZBPZMKT65 | Long             | DBT              | CORP              | US        |    248000 | PA      | $141579.48    | 0.01%             | 2028-02-01      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                   | Service Properties Trust                                                         | CUSIP: 81761LAD4<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    603000 | PA      | $611351.55    | 0.06%             | 2029-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                   | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AU8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    472000 | PA      | $451308.84    | 0.04%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                           | GGAM Finance Ltd                                                                 | CUSIP: 36170JAB2<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    556000 | PA      | $561691.77    | 0.05%             | 2026-05-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                    | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAD7<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    416000 | PA      | $368956.18    | 0.03%             | 2028-09-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| KOHL'S CORPORATION                                         | Kohl's Corp                                                                      | CUSIP: 500255AV6<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |    388000 | PA      | $191218.27    | 0.02%             | 2045-07-17      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                                           | DT Midstream Inc                                                                 | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    880000 | PA      | $838750.47    | 0.08%             | 2029-06-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                                    | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327BAB6<br>LEI: N/A                  | Long             | DBT              |  | US        |    458000 | PA      | $445789.54    | 0.04%             | 2028-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                              | FirstCash Inc                                                                    | CUSIP: 31944TAA8<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    429000 | PA      | $426346.49    | 0.04%             | 2030-01-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                   | Permian Resources Operating LLC                                                  | CUSIP: 27034RAC7<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    525000 | PA      | $573707.40    | 0.05%             | 2031-07-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| JB POINDEXTER & CO INC                                     | JB Poindexter & Co Inc                                                           | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |    602000 | PA      | $597535.93    | 0.05%             | 2031-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                           | CSC Holdings LLC                                                                 | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1808000 | PA      | $1696032.73   | 0.15%             | 2029-01-31      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                                   | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAT4<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    530000 | PA      | $501017.48    | 0.05%             | 2030-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| RESORTS WORLD/RWLV CAP                                     | Resorts World Las Vegas LLC / RWLV Capital Inc                                   | CUSIP: 76120HAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $393928.94    | 0.04%             | 2030-07-27      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                            | Gen Digital Inc                                                                  | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    970000 | PA      | $983194.91    | 0.09%             | 2033-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                                       | Taylor Morrison Communities Inc                                                  | CUSIP: 87724RAA0<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    471000 | PA      | $475097.23    | 0.04%             | 2027-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                                       | Michaels Cos Inc/The                                                             | CUSIP: 55916AAA2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    757000 | PA      | $519826.53    | 0.05%             | 2028-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BROADSTREET PARTNERS INC                                   | BroadStreet Partners Inc                                                         | CUSIP: 11135RAA3<br>LEI: 549300BS9N54G8DD0R75 | Long             | DBT              | CORP              | US        |    617000 | PA      | $607977.73    | 0.05%             | 2029-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                      | Bausch Health Cos Inc                                                            | CUSIP: 071734AR8<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    251000 | PA      | $218363.73    | 0.02%             | 2030-10-15      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| TEINE ENERGY LTD                                           | Teine Energy Ltd                                                                 | CUSIP: 879068AB0<br>LEI: 894500JBC83AX7PYEU16 | Long             | DBT              | CORP              | CA        |    318000 | PA      | $313848.03    | 0.03%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                       | Fiesta Purchaser Inc                                                             | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    296000 | PA      | $310392.41    | 0.03%             | 2032-09-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| ADVANCED DRAINAGE SYSTEM                                   | Advanced Drainage Systems Inc                                                    | CUSIP: 00790RAB0<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |    571000 | PA      | $578441.27    | 0.05%             | 2030-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc                                          | Newell Brands Inc                                                                | CUSIP: 651229AX4<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    322000 | PA      | $296446.89    | 0.03%             | 2036-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                                          | Rakuten Group Inc                                                                | CUSIP: 75102WAG3<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |   1153000 | PA      | $1245496.46   | 0.11%             | 2027-02-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR                                     | Millicom International Cellular SA                                               | CUSIP: 600814AS6<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |    600000 | PA      | $608118.60    | 0.05%             | 2032-04-02      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MASTERBRAND INC                                            | Masterbrand Inc                                                                  | CUSIP: 57638PAA2<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | DBT              | CORP              | US        |    373000 | PA      | $371409.71    | 0.03%             | 2032-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                             | CVR Energy Inc                                                                   | CUSIP: 12662PAD0<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |    401000 | PA      | $382093.01    | 0.03%             | 2028-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BIG RIVER STEEL/BRS FIN                                    | Big River Steel LLC / BRS Finance Corp                                           | CUSIP: 08949LAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    778000 | PA      | $784321.25    | 0.07%             | 2029-01-31      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                   | iHeartCommunications Inc                                                         | CUSIP: 45174HBL0<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |    685400 | PA      | $336922.08    | 0.03%             | 2030-05-01      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| HLF FIN SARL LLC/HERBALI                                   | HLF Financing Sarl LLC / Herbalife International Inc                             | CUSIP: 40390DAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    766000 | PA      | $832504.89    | 0.08%             | 2029-04-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                                   | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    287000 | PA      | $286166.15    | 0.03%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                          | Post Holdings Inc                                                                | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   1044000 | PA      | $1038979.72   | 0.09%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                              | DISH DBS Corp                                                                    | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1851000 | PA      | $1569929.35   | 0.14%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                                     | Group 1 Automotive Inc                                                           | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |    391000 | PA      | $398924.01    | 0.04%             | 2030-01-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ILLUMINATE BUYER/HLDG                                      | Illuminate Buyer LLC / Illuminate Holdings IV Inc                                | CUSIP: 45232TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    354000 | PA      | $355428.04    | 0.03%             | 2028-07-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                                 | Viasat Inc                                                                       | CUSIP: 92552VAR1<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |    693000 | PA      | $553764.79    | 0.05%             | 2031-05-30      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| KB HOME                                                    | KB Home                                                                          | CUSIP: 48666KAZ2<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |    327000 | PA      | $296682.72    | 0.03%             | 2031-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                   | iHeartCommunications Inc                                                         | CUSIP: 45174HBM8<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |    530900 | PA      | $410851.31    | 0.04%             | 2030-08-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                      | Tenet Healthcare Corp                                                            | CUSIP: 88033GDU1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    902000 | PA      | $929670.65    | 0.08%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                    | ATI Inc                                                                          | CUSIP: 01741RAM4<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    256000 | PA      | $247250.25    | 0.02%             | 2031-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                                   | ROCKIES EXPRESS PIPELINE                                                         | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    375000 | PA      | $386698.88    | 0.03%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| IRIS HOLDING INC                                           | Iris Holding Inc                                                                 | CUSIP: 462914AA0<br>LEI: 54930013SPZ2NB3I3V40 | Long             | DBT              | CORP              | US        |    324000 | PA      | $285875.65    | 0.03%             | 2028-12-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| FXI HOLDINGS INC                                           | FXI Holdings Inc                                                                 | CUSIP: 36120RAE9<br>LEI: 549300VLKCUZW3MSVS50 | Long             | DBT              | CORP              | US        |    393000 | PA      | $346645.81    | 0.03%             | 2026-11-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| Seagate HDD Cayman                                         | Seagate HDD Cayman                                                               | CUSIP: 81180WAR2<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |    599000 | PA      | $602327.33    | 0.05%             | 2027-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                        | Medline Borrower LP                                                              | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   3288000 | PA      | $3101345.50   | 0.28%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WABASH NATIONAL CORP                                       | Wabash National Corp                                                             | CUSIP: 929566AL1<br>LEI: 5299004ZAWHQZI5XO485 | Long             | DBT              | CORP              | US        |    393000 | PA      | $335877.33    | 0.03%             | 2028-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                                       | Alpha Generation LLC                                                             | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    834000 | PA      | $851018.60    | 0.08%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SOMNIGROUP INTL INC                                        | Somnigroup International Inc                                                     | CUSIP: 88023UAJ0<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |    574000 | PA      | $511609.41    | 0.05%             | 2031-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                                     | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BJ9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    523000 | PA      | $488783.51    | 0.04%             | 2031-04-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                                      | Belron UK Finance PLC                                                            | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $903932.59    | 0.08%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                            | Nissan Motor Co Ltd                                                              | CUSIP: 654744AD3<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |   1984000 | PA      | $1828315.82   | 0.16%             | 2030-09-17      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                        | Churchill Downs Inc                                                              | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    751000 | PA      | $740969.13    | 0.07%             | 2030-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NuStar Logistics LP                                        | NuStar Logistics LP                                                              | CUSIP: 67059TAF2<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    555000 | PA      | $558660.78    | 0.05%             | 2026-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                                      | Six Flags Entertainment Corp                                                     | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |    505000 | PA      | $516331.70    | 0.05%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ALGONQUIN PWR & UTILITY                                    | Algonquin Power & Utilities Corp                                                 | CUSIP: 015857AH8<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |    640000 | PA      | $612873.02    | 0.06%             | 2082-01-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                              | Carnival Corp                                                                    | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   1498000 | PA      | $1502884.56   | 0.14%             | 2029-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SUPERIOR PLUS/GEN PRTNR                                    | Superior Plus LP / Superior General Partner Inc                                  | CUSIP: 86828LAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    528000 | PA      | $502373.04    | 0.05%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                                    | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBA7<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    383000 | PA      | $380076.71    | 0.03%             | 2028-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| JW ALUMINUM CONT CAST CO                                   | JW Aluminum Continuous Cast Co                                                   | CUSIP: 46648XAB4<br>LEI: 5493008HJ8BWQC8XAF08 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247992.50    | 0.02%             | 2030-04-01      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                       | Garda World Security Corp                                                        | CUSIP: 36485MAM1<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    155000 | PA      | $160308.25    | 0.01%             | 2028-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| MIDCAP FINANCIAL                                           | Midcap Financial Issuer Trust                                                    | CUSIP: 59590AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    494000 | PA      | $446939.29    | 0.04%             | 2030-01-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                    | United Rentals North America Inc                                                 | CUSIP: 911365BL7<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    727000 | PA      | $723025.85    | 0.07%             | 2030-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BLOOMIN' BRANDS INC/OSI                                    | Bloomin' Brands Inc / OSI Restaurant Partners LLC                                | CUSIP: 094234AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    393000 | PA      | $348999.68    | 0.03%             | 2029-04-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ANYWHERE RE GRP/REALOGY                                    | Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp                          | CUSIP: 75606DAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    408000 | PA      | $336093.71    | 0.03%             | 2029-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                                 | Viasat Inc                                                                       | CUSIP: 92552VAN0<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |    558000 | PA      | $513589.06    | 0.05%             | 2028-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                                      | NGL Energy Operating LLC / NGL Energy Finance Corp                               | CUSIP: 62922LAD0<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1088393.47   | 0.10%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                   | Builders FirstSource Inc                                                         | CUSIP: 12008RAR8<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    608000 | PA      | $614176.06    | 0.06%             | 2032-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                        | Avantor Funding Inc                                                              | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    652000 | PA      | $608618.79    | 0.05%             | 2029-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SUNNOVA ENERGY CORP                                        | Sunnova Energy Corp                                                              | CUSIP: 86745GAF0<br>LEI: 549300TH3GCD8YQUDR46 | Long             | DBT              | CORP              | US        |    413000 | PA      | $123125.63    | 0.01%             | 2026-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PETSMART INC/PETSMART FI                                   | PetSmart Inc / PetSmart Finance Corp                                             | CUSIP: 71677KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    931000 | PA      | $899524.29    | 0.08%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| XPO INC                                                    | XPO Inc                                                                          | CUSIP: 983793AK6<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |    535000 | PA      | $555633.88    | 0.05%             | 2032-02-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                   | Olympus Water US Holding Corp                                                    | CUSIP: 681639AD2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    377000 | PA      | $377292.18    | 0.03%             | 2031-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                           | CSC Holdings LLC                                                                 | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1429000 | PA      | $722550.30    | 0.07%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HECLA MINING CO                                            | Hecla Mining Co                                                                  | CUSIP: 422704AH9<br>LEI: 5493009Y6HOBZD1QD537 | Long             | DBT              | CORP              | US        |    864000 | PA      | $873712.22    | 0.08%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| KB HOME                                                    | KB Home                                                                          | CUSIP: 48666KAY5<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |    268000 | PA      | $261566.12    | 0.02%             | 2029-11-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                                    | Sensata Technologies BV                                                          | CUSIP: 81725WAL7<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |    450000 | PA      | $445428.99    | 0.04%             | 2030-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| INGLES MARKETS INC                                         | Ingles Markets Inc                                                               | CUSIP: 457030AK0<br>LEI: 549300XH5RYBMYP8TF26 | Long             | DBT              | CORP              | US        |    391000 | PA      | $358509.70    | 0.03%             | 2031-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VIKING BAKED GOODS ACQUI                                   | Viking Baked Goods Acquisition Corp                                              | CUSIP: 92676AAA5<br>LEI: 254900DBFD2H1FJK0893 | Long             | DBT              | CORP              | US        |    691000 | PA      | $653202.37    | 0.06%             | 2031-11-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                   | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAA4<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    986000 | PA      | $965202.60    | 0.09%             | 2027-08-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| IQVIA Inc                                                  | IQVIA Inc                                                                        | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    762000 | PA      | $757858.61    | 0.07%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                   | Celanese US Holdings LLC                                                         | CUSIP: 15089QAN4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    790000 | PA      | $811989.65    | 0.07%             | 2029-07-15      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                                  | PG&E Corp                                                                        | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   1017000 | PA      | $998404.26    | 0.09%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DUN & BRADSTREET CORP                                      | Dun & Bradstreet Corp/The                                                        | CUSIP: 26483EAL4<br>LEI: RI37BMPWE56BCJ747E14 | Long             | DBT              | CORP              | US        |    454000 | PA      | $458825.11    | 0.04%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners LP                                        | Buckeye Partners LP                                                              | CUSIP: 118230AQ4<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    610000 | PA      | $598532.67    | 0.05%             | 2026-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                            | Fair Isaac Corp                                                                  | CUSIP: 303250AF1<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    570000 | PA      | $549149.86    | 0.05%             | 2028-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC                                           | AMC Networks Inc                                                                 | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    955000 | PA      | $1013259.78   | 0.09%             | 2029-01-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                                     | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAT4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    202000 | PA      | $193662.65    | 0.02%             | 2029-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                            | CVS Health Corp                                                                  | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1464162.15   | 0.13%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| INFRABUILD AUSTRALIA PTY                                   | Infrabuild Australia Pty Ltd                                                     | CUSIP: 45682RAC4<br>LEI: 549300W2CPB5W6GFH859 | Long             | DBT              | CORP              | AU        |    296000 | PA      | $308665.14    | 0.03%             | 2028-11-15      | Fixed         | 14.50%                | No            |                  2 | On Loan: No      |
| PRESTIGE BRANDS INC                                        | Prestige Brands Inc                                                              | CUSIP: 74112BAL9<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |    498000 | PA      | $495957.40    | 0.04%             | 2028-01-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Liberty Mutual Group Inc                                   | Liberty Mutual Group Inc                                                         | CUSIP: 53079EAN4<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    250000 | PA      | $283166.40    | 0.03%             | 2037-03-15      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS                                   | Focus Financial Partners LLC                                                     | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |    733000 | PA      | $742038.62    | 0.07%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                     | Cloud Software Group Inc                                                         | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1803000 | PA      | $1897679.14   | 0.17%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                                      | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1790000 | PA      | $1743499.92   | 0.16%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                          | Iron Mountain Inc                                                                | CUSIP: 46284VAL5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    501000 | PA      | $489206.41    | 0.04%             | 2032-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP                                                | McAfee Corp                                                                      | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |   1548000 | PA      | $1433095.01   | 0.13%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                                      | Scotts Miracle-Gro Co/The                                                        | CUSIP: 810186AX4<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |    343000 | PA      | $308414.28    | 0.03%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                      | Caesars Entertainment Inc                                                        | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    972000 | PA      | $908470.83    | 0.08%             | 2029-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SWF HOLDINGS I CORP                                        | SWF Holdings I Corp                                                              | CUSIP: 78500AAA6<br>LEI: 5493000CMZKPQ7BKPB20 | Long             | DBT              | CORP              | US        |    389000 | PA      | $155649.68    | 0.01%             | 2029-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                       | WR Grace Holdings LLC                                                            | CUSIP: 92943GAE1<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    380000 | PA      | $384170.12    | 0.03%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORP                                       | Kaiser Aluminum Corp                                                             | CUSIP: 483007AL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    412000 | PA      | $378871.57    | 0.03%             | 2031-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                                           | ITT Holdings LLC                                                                 | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |    931000 | PA      | $869953.77    | 0.08%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                                | Chemours Co/The                                                                  | CUSIP: 163851AJ7<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    561000 | PA      | $489655.11    | 0.04%             | 2033-01-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| JAGUAR LAND ROVER AUTOMO                                   | Jaguar Land Rover Automotive PLC                                                 | CUSIP: 47010BAF1<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |    715000 | PA      | $699260.71    | 0.06%             | 2027-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KNIFE RIVER CORP                                           | Knife River Corp                                                                 | CUSIP: 498894AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    482000 | PA      | $504828.00    | 0.05%             | 2031-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                                   | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    121000 | PA      | $145289.54    | 0.01%             | 2027-11-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                                      | QXO Building Products Inc                                                        | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    500000 | PA      | $513924.94    | 0.05%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL                                   | Cheplapharm Arzneimittel GmbH                                                    | CUSIP: 16412EAA5<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |    511000 | PA      | $487247.80    | 0.04%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                           | Paramount Global                                                                 | CUSIP: 92556HAE7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    675000 | PA      | $660293.24    | 0.06%             | 2062-03-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                                      | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2545000 | PA      | $2506897.84   | 0.23%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PLANET FINANCIAL GROUP                                     | Planet Financial Group LLC                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $443780.77    | 0.04%             | 2029-12-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                                          | Rakuten Group Inc                                                                | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |   1374000 | PA      | $1473808.62   | 0.13%             | 2029-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                               | AES Corp/The                                                                     | CUSIP: 00130HCK9<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    550000 | PA      | $555726.60    | 0.05%             | 2055-01-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                                      | Scotts Miracle-Gro Co/The                                                        | CUSIP: 810186AP1<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |    693000 | PA      | $694579.42    | 0.06%             | 2026-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                             | Transocean Inc                                                                   | CUSIP: 893830BY4<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |    732000 | PA      | $660770.40    | 0.06%             | 2029-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                 | DaVita Inc                                                                       | CUSIP: 23918KAT5<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   1398000 | PA      | $1239153.23   | 0.11%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Transocean Poseidon Ltd                                    | Transocean Poseidon Ltd                                                          | CUSIP: 89383JAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    468825 | PA      | $472185.07    | 0.04%             | 2027-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                     | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    423000 | PA      | $424014.78    | 0.04%             | 2031-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                        | Station Casinos LLC                                                              | CUSIP: 857691AJ8<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    401000 | PA      | $401800.40    | 0.04%             | 2032-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                        | NOVA Chemicals Corp                                                              | CUSIP: 66977WAS8<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |    653000 | PA      | $624927.20    | 0.06%             | 2029-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Crown Cork & Seal Co Inc                                   | Crown Cork & Seal Co Inc                                                         | CUSIP: 228255AH8<br>LEI: 7HLDMDH0ZXNUH6PT7Z42 | Long             | DBT              | CORP              | US        |    201000 | PA      | $207427.38    | 0.02%             | 2026-12-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                              | TransDigm Inc                                                                    | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1611000 | PA      | $1647658.31   | 0.15%             | 2032-03-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                          | Newell Brands Inc                                                                | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    550000 | PA      | $570376.86    | 0.05%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                    | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BJ0<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1044000 | PA      | $1044801.79   | 0.09%             | 2026-08-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CIMPRESS PLC                                               | Cimpress PLC                                                                     | CUSIP: 17186HAH5<br>LEI: 549300X1IFD75XISOR81 | Long             | DBT              | CORP              | IE        |    624000 | PA      | $582422.38    | 0.05%             | 2032-09-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| VERICAST CORP/HARLAND                                      | Vericast Corp/Harland Clarke/Checks in the Mail/Valassis Comm/Valassis Direct    | CUSIP: 92342NAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     27306 | PA      | $32630.67     | 0.00%             | 2030-12-15      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| EMPIRE COMMUNITIES CORP                                    | Empire Communities Corp                                                          | CUSIP: 29163VAG8<br>LEI: 549300JM1L6KK2QFP273 | Long             | DBT              | CORP              | CA        |    372000 | PA      | $373860.00    | 0.03%             | 2029-05-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Graham Holdings Co                                         | Graham Holdings Co                                                               | CUSIP: 384637AA2<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | DBT              | CORP              | US        |    193000 | PA      | $192921.64    | 0.02%             | 2026-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                        | NCL Corp Ltd                                                                     | CUSIP: 62886HBE0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    375000 | PA      | $375322.13    | 0.03%             | 2027-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| RACKSPACE FINANCE LLC                                      | Rackspace Finance LLC                                                            | CUSIP: 75008WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    368000 | PA      | $136160.00    | 0.01%             | 2028-05-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                             | Gray Media Inc                                                                   | CUSIP: 389284AA8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    432000 | PA      | $429369.03    | 0.04%             | 2027-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                                | Avient Corp                                                                      | CUSIP: 05368VAA4<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |    779000 | PA      | $803246.38    | 0.07%             | 2030-08-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                   | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    951000 | PA      | $884597.00    | 0.08%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MINERALS TECHNOLOGIES IN                                   | Minerals Technologies Inc                                                        | CUSIP: 603158AA4<br>LEI: 549300D3I1QU67GP6403 | Long             | DBT              | CORP              | US        |    537000 | PA      | $522141.21    | 0.05%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                                    | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAD5<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    877000 | PA      | $827538.43    | 0.07%             | 2032-04-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| TRIUMPH GROUP INC                                          | Triumph Group Inc                                                                | CUSIP: 896818AU5<br>LEI: 5493007L6S47Q14SL582 | Long             | DBT              | CORP              | US        |    568000 | PA      | $595519.03    | 0.05%             | 2028-03-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                                          | Iliad Holding SASU                                                               | CUSIP: 449691AF1<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    638000 | PA      | $673861.50    | 0.06%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| METHANEX CORP                                              | Methanex Corp                                                                    | CUSIP: 59151KAM0<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |    559000 | PA      | $554596.76    | 0.05%             | 2027-10-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                      | Williams Scotsman Inc                                                            | CUSIP: 96949VAN3<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    400000 | PA      | $410292.00    | 0.04%             | 2030-04-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                     | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    820000 | PA      | $818829.53    | 0.07%             | 2028-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                              | PRA Group Inc                                                                    | CUSIP: 69354NAD8<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    624000 | PA      | $560408.16    | 0.05%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                                   | Graphic Packaging International LLC                                              | CUSIP: 38869AAC1<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    240000 | PA      | $222372.65    | 0.02%             | 2029-03-01      | Fixed         | 3.50%                 | 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        |    540000 | PA      | $554409.36    | 0.05%             | 2032-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                                   | Sinclair Television Group Inc                                                    | CUSIP: 829259AY6<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    757000 | PA      | $639665.00    | 0.06%             | 2030-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| CONTOURGLOBAL POWER HLDG                                   | ContourGlobal Power Holdings SA                                                  | CUSIP: 21220LAB9<br>LEI: 549300O5AGIFK0PQ1516 | Long             | DBT              | CORP              | LU        |    300000 | PA      | $304287.00    | 0.03%             | 2030-02-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                                   | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    561000 | PA      | $537512.95    | 0.05%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                                       | Pilgrim's Pride Corp                                                             | CUSIP: 72147KAH1<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    402000 | PA      | $356634.30    | 0.03%             | 2032-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                                     | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BN0<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    561000 | PA      | $537836.70    | 0.05%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                                   | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                           | CUSIP: 03969AAR1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    547000 | PA      | $249385.51    | 0.02%             | 2027-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                    | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAE5<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    551000 | PA      | $558175.08    | 0.05%             | 2026-09-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                                         | Bausch + Lomb Corp                                                               | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |   1289000 | PA      | $1334256.79   | 0.12%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST                                   | Fortress Transportation and Infrastructure Investors LLC                         | CUSIP: 34960PAF8<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    646000 | PA      | $662086.69    | 0.06%             | 2031-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GREAT CANADIAN GAMING CO                                   | Great Canadian Gaming Corp                                                       | CUSIP: 389925AA6<br>LEI: 549300FU60SSFLTE0M84 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $485879.50    | 0.04%             | 2029-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| FXI HOLDINGS INC                                           | FXI Holdings Inc                                                                 | CUSIP: 35166FAA0<br>LEI: 549300VLKCUZW3MSVS50 | Long             | DBT              | CORP              | US        |    633000 | PA      | $559135.23    | 0.05%             | 2026-11-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING                                       | Cornerstone Building Brands Inc                                                  | CUSIP: 21925DAA7<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |    261000 | PA      | $190907.61    | 0.02%             | 2029-01-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                              | CoreWeave Inc                                                                    | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    920000 | PA      | $919777.44    | 0.08%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                                    | VZ Secured Financing BV                                                          | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |   1296000 | PA      | $1121146.27   | 0.10%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                                     | Energizer Holdings Inc                                                           | CUSIP: 29272WAF6<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    486000 | PA      | $489606.12    | 0.04%             | 2027-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN                                    | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                            | CUSIP: 82453AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    592000 | PA      | $591208.85    | 0.05%             | 2026-11-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| VALLEY NATIONAL BANCORP                                    | Valley National Bancorp                                                          | CUSIP: 919794AE7<br>LEI: 549300ET52S1UBIB9762 | Long             | DBT              | CORP              | US        |    327000 | PA      | $299569.43    | 0.03%             | 2031-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                                   | Graphic Packaging International LLC                                              | CUSIP: 38869AAA5<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    401000 | PA      | $396344.67    | 0.04%             | 2027-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                                       | Chart Industries Inc                                                             | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    849000 | PA      | $905298.89    | 0.08%             | 2031-01-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                                   | Brandywine Operating Partnership LP                                              | CUSIP: 105340AR4<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |    484000 | PA      | $507737.30    | 0.05%             | 2028-03-15      | Fixed         | 8.30%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                   | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    959000 | PA      | $887324.34    | 0.08%             | 2031-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EG GLOBAL FINANCE PLC                                      | eG Global Finance PLC                                                            | CUSIP: 28228PAC5<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |    819000 | PA      | $904281.65    | 0.08%             | 2028-11-30      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                                    | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327TAA9<br>LEI: N/A                  | Long             | DBT              |  | US        |   1376000 | PA      | $1460629.50   | 0.13%             | 2028-02-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                                     | Group 1 Automotive Inc                                                           | CUSIP: 398905AN9<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |    597000 | PA      | $572583.06    | 0.05%             | 2028-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                      | Bausch Health Cos Inc                                                            | CUSIP: 071734AK3<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    430000 | PA      | $281132.55    | 0.03%             | 2029-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| REAL HERO MERGER SUB 2                                     | Real Hero Merger Sub 2 Inc                                                       | CUSIP: 75602BAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    525000 | PA      | $410082.59    | 0.04%             | 2029-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                                        | Travel + Leisure Co                                                              | CUSIP: 894164AA0<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    610000 | PA      | $580078.12    | 0.05%             | 2029-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                                        | LBM Acquisition LLC                                                              | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |    561000 | PA      | $451074.63    | 0.04%             | 2029-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                                     | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765KAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    519000 | PA      | $532351.79    | 0.05%             | 2028-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATI                                   | Consolidated Communications Inc                                                  | CUSIP: 20903XAH6<br>LEI: 549300WW675Y48HDVX34 | Long             | DBT              | CORP              | US        |    614000 | PA      | $620692.98    | 0.06%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                             | Transocean Inc                                                                   | CUSIP: 893830BL2<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |    538000 | PA      | $526416.00    | 0.05%             | 2027-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                                       | Pilgrim's Pride Corp                                                             | CUSIP: 72147KAJ7<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    539000 | PA      | $511537.95    | 0.05%             | 2031-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| COHERENT CORP                                              | Coherent Corp                                                                    | CUSIP: 902104AC2<br>LEI: 549300O5C25A0MMHHU33 | Long             | DBT              | CORP              | US        |    727000 | PA      | $705214.43    | 0.06%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                                     | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAR1<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    794000 | PA      | $877778.83    | 0.08%             | 2030-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ALLEN MEDIA LLC/CO-ISSR                                    | Allen Media LLC / Allen Media Co-Issuer Inc                                      | CUSIP: 01771YAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    406000 | PA      | $148190.00    | 0.01%             | 2028-02-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| PERRIGO FINANCE UNLIMITE                                   | Perrigo Finance Unlimited Co                                                     | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |    482000 | PA      | $481518.39    | 0.04%             | 2032-09-30      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| RESORTS WORLD/RWLV CAP                                     | Resorts World Las Vegas LLC / RWLV Capital Inc                                   | CUSIP: 76120HAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $323307.32    | 0.03%             | 2031-04-06      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                               | Calpine Corp                                                                     | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   1047000 | PA      | $1027558.05   | 0.09%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Churchill Downs Inc                                        | Churchill Downs Inc                                                              | CUSIP: 171484AE8<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    594000 | PA      | $580985.62    | 0.05%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| URBAN ONE INC                                              | Urban One Inc                                                                    | CUSIP: 91705JAC9<br>LEI: 549300PLGIGPBRQUP240 | Long             | DBT              | CORP              | US        |    383000 | PA      | $191858.11    | 0.02%             | 2028-02-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                                | Gap Inc/The                                                                      | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |    725000 | PA      | $645397.39    | 0.06%             | 2031-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA VEND FIN IV                                   | Virgin Media Vendor Financing Notes IV DAC                                       | CUSIP: 92770QAA5<br>LEI: 635400ZZNJSEA4CAJR23 | Long             | DBT              | CORP              | IE        |    444000 | PA      | $433015.44    | 0.04%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                     | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAL6<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    566000 | PA      | $550267.63    | 0.05%             | 2026-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Service Properties Trust                                   | Service Properties Trust                                                         | CUSIP: 44106MAY8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    298000 | PA      | $240561.81    | 0.02%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AMSTED INDUSTRIES                                          | Amsted Industries Inc                                                            | CUSIP: 032177AJ6<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |    624000 | PA      | $605858.20    | 0.05%             | 2030-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| AMN HEALTHCARE INC                                         | AMN Healthcare Inc                                                               | CUSIP: 00175PAC7<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |    352000 | PA      | $323719.19    | 0.03%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                                   | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    386000 | PA      | $385905.28    | 0.03%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| XEROX HOLDINGS CORP                                        | Xerox Holdings Corp                                                              | CUSIP: 98421MAC0<br>LEI: 5493000Y33XDVO2CXC18 | Long             | DBT              | CORP              | US        |    422000 | PA      | $284821.64    | 0.03%             | 2029-11-30      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                   | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    803000 | PA      | $826395.43    | 0.07%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                         | Advance Auto Parts Inc                                                           | CUSIP: 00751YAE6<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    535000 | PA      | $495439.23    | 0.04%             | 2030-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| VIRIDIEN                                                   | Viridien                                                                         | CUSIP: 12531QAA3<br>LEI: 969500FCVQ5SLAAUJV59 | Long             | DBT              | CORP              | FR        |    350000 | PA      | $330617.42    | 0.03%             | 2030-10-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| VIPER ENERGY INC                                           | Viper Energy Inc                                                                 | CUSIP: 92763MAA3<br>LEI: 5299009LINL232255G03 | Long             | DBT              | CORP              | US        |    264000 | PA      | $262859.02    | 0.02%             | 2027-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                      | Mineral Resources Ltd                                                            | CUSIP: 603051AC7<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    540000 | PA      | $539973.76    | 0.05%             | 2027-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SCRIPPS ESCROW II INC                                      | Scripps Escrow II Inc                                                            | CUSIP: 81105DAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $110800.00    | 0.01%             | 2031-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| INSIGHT ENTERPRS                                           | Insight Enterprises Inc                                                          | CUSIP: 45765UAC7<br>LEI: 529900S8991TYW6YP792 | Long             | DBT              | CORP              | US        |    594000 | PA      | $605722.59    | 0.05%             | 2032-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                   | Olympus Water US Holding Corp                                                    | CUSIP: 25259KAA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    796000 | PA      | $835573.94    | 0.08%             | 2028-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INFO MGMT                                    | Iron Mountain Information Management Services Inc                                | CUSIP: 46285MAA8<br>LEI: N/A                  | Long             | DBT              |  | US        |    664000 | PA      | $628856.80    | 0.06%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                    | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAJ3<br>LEI: N/A                  | Long             | DBT              |  | US        |    798000 | PA      | $605560.54    | 0.05%             | 2029-08-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                    | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    916000 | PA      | $963446.37    | 0.09%             | 2030-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                                | Staples Inc                                                                      | CUSIP: 855030AS1<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |    697800 | PA      | $452671.93    | 0.04%             | 2030-01-15      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| BROOKFIELD PPTY REIT INC                                   | Brookfield Property REIT Inc / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL | CUSIP: 11284DAC9<br>LEI: N/A                  | Long             | DBT              |  | US        |    400000 | PA      | $388775.68    | 0.04%             | 2027-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ESAB CORP                                                  | Esab Corp                                                                        | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |    294000 | PA      | $299321.40    | 0.03%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                        | Sirius XM Radio LLC                                                              | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   1268000 | PA      | $1153016.11   | 0.10%             | 2030-07-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                                   | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    509000 | PA      | $493254.14    | 0.04%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OP CORP                                    | Gulfport Energy Operating Corp                                                   | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |    440000 | PA      | $446910.44    | 0.04%             | 2029-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| INEOS FINANCE PLC                                          | INEOS Finance PLC                                                                | CUSIP: 44984WAH0<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |    668000 | PA      | $654712.75    | 0.06%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMER SPORTS COMPANY                                        | Amer Sports Co                                                                   | CUSIP: 02352NAA7<br>LEI: 549300NRKH9WF70VFC95 | Long             | DBT              | CORP              | US        |    467000 | PA      | $485932.37    | 0.04%             | 2031-02-16      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                               | Navient Corp                                                                     | CUSIP: 63938CAQ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252444.30    | 0.02%             | 2032-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                   | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AJ4<br>LEI: N/A                  | Long             | DBT              |  | US        |    456000 | PA      | $470454.74    | 0.04%             | 2028-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                       | Garda World Security Corp                                                        | CUSIP: 36485MAL3<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    405000 | PA      | $385551.78    | 0.03%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VM CONSOLIDATED INC                                        | VM Consolidated Inc                                                              | CUSIP: 91835HAA0<br>LEI: 549300GCTGJLEBXJUK89 | Long             | DBT              | CORP              | US        |    307000 | PA      | $304017.96    | 0.03%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                                   | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAR8<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    425000 | PA      | $410780.86    | 0.04%             | 2029-07-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| TWILIO INC                                                 | Twilio Inc                                                                       | CUSIP: 90138FAD4<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |    504000 | PA      | $464701.15    | 0.04%             | 2031-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                     | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    599000 | PA      | $619917.08    | 0.06%             | 2029-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                    | Starwood Property Trust Inc                                                      | CUSIP: 85571BAY1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    245000 | PA      | $240809.59    | 0.02%             | 2027-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                     | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAC9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    453000 | PA      | $459930.90    | 0.04%             | 2030-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| JACOBS ENTERTAINMENT INC                                   | Jacobs Entertainment Inc                                                         | CUSIP: 469815AK0<br>LEI: 5493004U9JIWY3HSUO63 | Long             | DBT              | CORP              | US        |    486000 | PA      | $460837.35    | 0.04%             | 2029-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                           | Lamar Media Corp                                                                 | CUSIP: 513075BT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    402000 | PA      | $379233.69    | 0.03%             | 2030-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                    | United Rentals North America Inc                                                 | CUSIP: 911365BM5<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    719000 | PA      | $703244.27    | 0.06%             | 2027-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                 | DaVita Inc                                                                       | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    500000 | PA      | $505506.04    | 0.05%             | 2033-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                     | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2074000 | PA      | $1981176.26   | 0.18%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CROWN AMERICAS LLC                                         | Crown Americas LLC                                                               | CUSIP: 228180AB1<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |    521000 | PA      | $519430.96    | 0.05%             | 2030-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp                                                             | CUSIP: 682691AE0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    545000 | PA      | $569865.36    | 0.05%             | 2030-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                               | Fibercop SpA                                                                     | CUSIP: 683879AH3<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    525000 | PA      | $525065.42    | 0.05%             | 2038-06-04      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET                                   | Smyrna Ready Mix Concrete LLC                                                    | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |   1082000 | PA      | $1112048.22   | 0.10%             | 2031-11-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA CAPITAL                                     | Telecom Italia Capital SA                                                        | CUSIP: 87927VAV0<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |    487000 | PA      | $509081.07    | 0.05%             | 2038-06-04      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                                     | Lumen Technologies Inc                                                           | CUSIP: 156700BD7<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    414000 | PA      | $366793.65    | 0.03%             | 2029-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PROSPECT CAPITAL CORP                                      | Prospect Capital Corp                                                            | CUSIP: 74348TAV4<br>LEI: 549300FSD8T39P5Q0O47 | Long             | DBT              | CORP              | US        |    292000 | PA      | $275899.12    | 0.02%             | 2026-11-15      | Fixed         | 3.36%                 | No            |                  2 | On Loan: —       |
| SENSATA TECH INC                                           | Sensata Technologies Inc                                                         | CUSIP: 81728UAA2<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    541000 | PA      | $509245.41    | 0.05%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                          | Iron Mountain Inc                                                                | CUSIP: 46284VAG6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    703000 | PA      | $692830.89    | 0.06%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                    | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    926000 | PA      | $986470.48    | 0.09%             | 2031-03-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| CROCS INC                                                  | Crocs Inc                                                                        | CUSIP: 227046AA7<br>LEI: 549300B0J6YCXD63OG72 | Long             | DBT              | CORP              | US        |    318000 | PA      | $300466.66    | 0.03%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AT HOME GROUP INC                                          | At Home Group Inc                                                                | CUSIP: 04650YAA8<br>LEI: 549300LGPR0P05O30I24 | Long             | DBT              | CORP              | US        |    143000 | PA      | $38252.50     | 0.00%             | 2028-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| COGENT COMM GROUP LLC                                      | Cogent Communications Group LLC                                                  | CUSIP: 19240CAC7<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |    448000 | PA      | $444591.97    | 0.04%             | 2026-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                               | Calpine Corp                                                                     | CUSIP: 131347CR5<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    994000 | PA      | $923275.31    | 0.08%             | 2031-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                   | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAC7<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $961948.01    | 0.09%             | 2033-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                               | US Foods Inc                                                                     | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    450000 | PA      | $440401.23    | 0.04%             | 2029-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                    | ATI Inc                                                                          | CUSIP: 01741RAL6<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    432000 | PA      | $419432.69    | 0.04%             | 2029-10-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| US ACUTE CARE SOLUTIONS                                    | US Acute Care Solutions LLC                                                      | CUSIP: 90367UAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    380000 | PA      | $386702.82    | 0.03%             | 2029-05-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                   | Builders FirstSource Inc                                                         | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    854000 | PA      | $775457.28    | 0.07%             | 2032-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                        | Synchrony Financial                                                              | CUSIP: 87165BAU7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    620000 | PA      | $633997.58    | 0.06%             | 2033-02-02      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                                    | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAC7<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    787000 | PA      | $813277.59    | 0.07%             | 2028-02-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| BRIGHTLINE EAST LLC                                        | Brightline East LLC                                                              | CUSIP: 093536AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    955000 | PA      | $688473.83    | 0.06%             | 2030-01-31      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                                         | Seagate HDD Cayman                                                               | CUSIP: 81180WBP5<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |    421000 | PA      | $449863.34    | 0.04%             | 2031-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                                     | SCIH Salt Holdings Inc                                                           | CUSIP: 78433BAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    618000 | PA      | $606857.46    | 0.05%             | 2029-05-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| TRINITY INDUSTRIES INC                                     | Trinity Industries Inc                                                           | CUSIP: 896522AJ8<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | DBT              | CORP              | US        |    513000 | PA      | $533414.84    | 0.05%             | 2028-07-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| XHR LP                                                     | XHR LP                                                                           | CUSIP: 98372MAE5<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              |  | US        |    282000 | PA      | $282953.44    | 0.03%             | 2030-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                                   | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    820000 | PA      | $833600.52    | 0.08%             | 2029-03-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| FRST STU BID/FRST TRANS                                    | First Student Bidco Inc / First Transit Parent Inc                               | CUSIP: 337120AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    573000 | PA      | $536193.98    | 0.05%             | 2029-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                                              | Nordstrom Inc                                                                    | CUSIP: 655664AY6<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    422000 | PA      | $369429.71    | 0.03%             | 2031-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                           | CSC Holdings LLC                                                                 | CUSIP: 126307BD8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1689000 | PA      | $778384.10    | 0.07%             | 2030-12-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER/MEDL CO                                   | Medline Borrower LP/Medline Co-Issuer Inc                                        | CUSIP: 58506DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1430000 | PA      | $1456903.79   | 0.13%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CITGO PETROLEUM CORP                                       | CITGO Petroleum Corp                                                             | CUSIP: 17302XAN6<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |   1056000 | PA      | $1074259.30   | 0.10%             | 2029-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                      | Level 3 Financing Inc                                                            | CUSIP: 527298CD3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    762000 | PA      | $673966.14    | 0.06%             | 2030-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS                                      | Bread Financial Holdings Inc                                                     | CUSIP: 018581AQ1<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |    364000 | PA      | $353762.72    | 0.03%             | 2035-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                      | Caesars Entertainment Inc                                                        | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   1339000 | PA      | $1374824.95   | 0.12%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                    | United Rentals North America Inc                                                 | CUSIP: 911365BG8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   1311000 | PA      | $1297908.81   | 0.12%             | 2028-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MAXIM CRANE WORKS LLC                                      | Maxim Crane Works Holdings Capital LLC                                           | CUSIP: 57779EAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    406000 | PA      | $416493.34    | 0.04%             | 2028-09-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                                   | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1612000 | PA      | $1355636.55   | 0.12%             | 2031-04-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Fluor Corp                                                 | Fluor Corp                                                                       | CUSIP: 343412AF9<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | DBT              | CORP              | US        |    515000 | PA      | $502395.32    | 0.05%             | 2028-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE                                             | Constellium SE                                                                   | CUSIP: 21039CAB0<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |    555000 | PA      | $512805.13    | 0.05%             | 2029-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NuStar Logistics LP                                        | NuStar Logistics LP                                                              | CUSIP: 67059TAE5<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    358000 | PA      | $359114.81    | 0.03%             | 2027-04-28      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| S&S HOLDINGS LLC                                           | S&S Holdings LLC                                                                 | CUSIP: 78525CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    615000 | PA      | $587480.96    | 0.05%             | 2031-10-01      | Fixed         | 8.38%                 | 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        |    741000 | PA      | $741274.72    | 0.07%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Jeld-Wen Inc                                               | JELD-WEN Inc                                                                     | CUSIP: 475795AD2<br>LEI: 549300XWE6NM0N1HFW16 | Long             | DBT              | CORP              | US        |    457000 | PA      | $399465.53    | 0.04%             | 2027-12-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                   | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AJ0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    578000 | PA      | $546467.85    | 0.05%             | 2029-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                      | Level 3 Financing Inc                                                            | CUSIP: 527298CH4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    620000 | PA      | $516150.00    | 0.05%             | 2031-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                   | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1622000 | PA      | $1571554.99   | 0.14%             | 2028-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS                                   | Wyndham Hotels & Resorts Inc                                                     | CUSIP: 98311AAB1<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |    277000 | PA      | $268227.88    | 0.02%             | 2028-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                         | Energy Transfer LP                                                               | CUSIP: 29273VBC3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    388000 | PA      | $391353.48    | 0.04%             | 2054-10-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| OLIN CORP                                                  | Olin Corp                                                                        | CUSIP: 680665AL0<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    434000 | PA      | $425118.54    | 0.04%             | 2029-08-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                       | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AL5<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    465000 | PA      | $381571.05    | 0.03%             | 2031-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICE                                   | Prime Healthcare Services Inc                                                    | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1159000 | PA      | $1178255.63   | 0.11%             | 2029-09-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| EMPIRE RESORTS INC                                         | Empire Resorts Inc                                                               | CUSIP: 292052AF4<br>LEI: 549300WBFN23L9HI5N68 | Long             | DBT              | CORP              | US        |    225000 | PA      | $221825.25    | 0.02%             | 2026-11-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| RINGCENTRAL INC                                            | RingCentral Inc                                                                  | CUSIP: 76680RAJ6<br>LEI: 549300C8EH0H1614VE84 | Long             | DBT              | CORP              | US        |    395000 | PA      | $417504.73    | 0.04%             | 2030-08-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                               | SM Energy Co                                                                     | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    528000 | PA      | $517769.52    | 0.05%             | 2029-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                                   | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    471000 | PA      | $459623.42    | 0.04%             | 2029-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| VT TOPCO INC                                               | VT Topco Inc                                                                     | CUSIP: 91838PAA9<br>LEI: 5493007T812R37X02Y38 | Long             | DBT              | CORP              | US        |    485000 | PA      | $514581.12    | 0.05%             | 2030-08-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NEWFOLD DIGITAL HLDGS GR                                   | Newfold Digital Holdings Group Inc                                               | CUSIP: 29279XAA8<br>LEI: 549300UTQC2651SB0W88 | Long             | DBT              | CORP              | US        |    273000 | PA      | $162776.22    | 0.01%             | 2029-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VALARIS LTD                                                | Valaris Ltd                                                                      | CUSIP: 91889FAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    896000 | PA      | $900262.27    | 0.08%             | 2030-04-30      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| LANDSEA HOMES CORP                                         | Landsea Homes Corp                                                               | CUSIP: 51509PAA1<br>LEI: 549300RP8AZAKHNILS36 | Long             | DBT              | CORP              | US        |    300000 | PA      | $313263.63    | 0.03%             | 2029-04-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                                        | Travel + Leisure Co                                                              | CUSIP: 98310WAN8<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    414000 | PA      | $417235.82    | 0.04%             | 2027-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                   | Permian Resources Operating LLC                                                  | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    392000 | PA      | $387427.36    | 0.03%             | 2029-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                                    | Light & Wonder International Inc                                                 | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    285000 | PA      | $293397.53    | 0.03%             | 2029-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| DIAMOND FRGN/DIAMOND FIN                                   | Diamond Foreign Asset Co / Diamond Finance LLC                                   | CUSIP: 25260WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    409000 | PA      | $410060.13    | 0.04%             | 2030-10-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SITIO ROYAL OP / SIT FIN                                   | Sitio Royalties Operating Partnership LP / Sitio Finance Corp                    | CUSIP: 82983MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    525000 | PA      | $541886.10    | 0.05%             | 2028-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BORR IHC LTD / BORR FIN                                    | Borr IHC Ltd / Borr Finance LLC                                                  | CUSIP: 100018AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    550953 | PA      | $448205.51    | 0.04%             | 2030-11-15      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| BLOCK INC                                                  | Block Inc                                                                        | CUSIP: 852234AN3<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    779000 | PA      | $760113.03    | 0.07%             | 2026-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC                                   | Liberty Mutual Group Inc                                                         | CUSIP: 53079EBL7<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |   1088000 | PA      | $673414.67    | 0.06%             | 2061-02-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| BEAZER HOMES USA                                           | Beazer Homes USA Inc                                                             | CUSIP: 07556QBT1<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |    333000 | PA      | $330304.23    | 0.03%             | 2029-10-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| DORNOCH DEBT MERGER SUB                                    | Dornoch Debt Merger Sub Inc                                                      | CUSIP: 25830JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    568000 | PA      | $437261.17    | 0.04%             | 2029-10-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                                        | Altice Financing SA                                                              | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |   1655000 | PA      | $1266352.54   | 0.11%             | 2029-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                          | Iron Mountain Inc                                                                | CUSIP: 46284VAP6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    492000 | PA      | $508643.38    | 0.05%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T                                   | Diversified Healthcare Trust                                                     | CUSIP: 25525PAB3<br>LEI: N/A                  | Long             | DBT              |  | US        |    458000 | PA      | $379527.61    | 0.03%             | 2031-03-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                           | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   1070000 | PA      | $969069.15    | 0.09%             | 2031-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                    | Kodiak Gas Services LLC                                                          | CUSIP: 50012LAC8<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    611000 | PA      | $626567.06    | 0.06%             | 2029-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LIFE TIME INC                                              | Life Time Inc                                                                    | CUSIP: 53190FAE5<br>LEI: 549300PALKE96VYH4X17 | Long             | DBT              | CORP              | US        |    208000 | PA      | $208602.99    | 0.02%             | 2031-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WRANGLER HOLDCO CORP                                       | Wrangler Holdco Corp                                                             | CUSIP: 37441QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    301000 | PA      | $310638.02    | 0.03%             | 2032-04-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                            | Star Parent Inc                                                                  | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |    749000 | PA      | $775079.33    | 0.07%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| STAR HOLDING LLC                                           | Star Holding LLC                                                                 | CUSIP: 85513AAA6<br>LEI: 254900BDGPE9N1WAKD59 | Long             | DBT              | CORP              | US        |    289000 | PA      | $261104.90    | 0.02%             | 2031-08-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                                     | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAC7<br>LEI: N/A                  | Long             | DBT              |  | US        |    609000 | PA      | $576505.53    | 0.05%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                              | DISH DBS Corp                                                                    | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1388000 | PA      | $913762.69    | 0.08%             | 2029-06-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| DANAOS CORP                                                | Danaos Corp                                                                      | CUSIP: 23585WAA2<br>LEI: 734IM3DNDNT36T7YTD24 | Long             | DBT              | CORP              | MH        |    225000 | PA      | $230589.90    | 0.02%             | 2028-03-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CARS.COM INC                                               | Cars.com Inc                                                                     | CUSIP: 14575EAA3<br>LEI: 5493002G6J07LNGX4M98 | Long             | DBT              | CORP              | US        |    368000 | PA      | $367967.91    | 0.03%             | 2028-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MALLINCKRODT FIN/SB                                        | Mallinckrodt International Finance SA / Mallinckrodt CB LLC                      | CUSIP: 561233AN7<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    385641 | PA      | $401980.99    | 0.04%             | 2028-11-14      | Fixed         | 14.75%                | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                      | Williams Scotsman Inc                                                            | CUSIP: 96949VAM5<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    305000 | PA      | $311283.61    | 0.03%             | 2029-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE                                             | Hertz Corp/The                                                                   | CUSIP: 428040DA4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    542000 | PA      | $479132.17    | 0.04%             | 2026-12-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| ARTERA SERVICES LLC                                        | Artera Services LLC                                                              | CUSIP: 04302XAA2<br>LEI: 549300J2G34D0WX8Z443 | Long             | DBT              | CORP              | US        |    731000 | PA      | $621849.05    | 0.06%             | 2031-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES LTD                                      | Nabors Industries Ltd                                                            | CUSIP: 629571AB6<br>LEI: 5493008TXYN3II3PU369 | Long             | DBT              | CORP              | BM        |    305000 | PA      | $255066.28    | 0.02%             | 2028-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| VISTRA OPERATIONS CO LLC                                   | Vistra Operations Co LLC                                                         | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1248000 | PA      | $1207250.30   | 0.11%             | 2029-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                  | Ball Corp                                                                        | CUSIP: 058498AZ9<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    498000 | PA      | $508484.89    | 0.05%             | 2029-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Olin Corp                                                  | Olin Corp                                                                        | CUSIP: 680665AK2<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    602000 | PA      | $570285.07    | 0.05%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                                    | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAE3<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    798000 | PA      | $741279.44    | 0.07%             | 2033-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| W & T OFFSHORE INC                                         | W&T Offshore Inc                                                                 | CUSIP: 92922PAN6<br>LEI: 549300Q7EOY2YIO3YK85 | Long             | DBT              | CORP              | US        |    381000 | PA      | $329807.58    | 0.03%             | 2029-02-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: —       |
| DANA INC                                                   | Dana Inc                                                                         | CUSIP: 235825AJ5<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    439000 | PA      | $411003.52    | 0.04%             | 2032-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                                     | Lumen Technologies Inc                                                           | CUSIP: 550241AB9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    426000 | PA      | $415882.50    | 0.04%             | 2029-04-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| FMG RESOURCES AUG 2006                                     | FMG Resources August 2006 Pty Ltd                                                | CUSIP: 30251GBE6<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    558000 | PA      | $557016.58    | 0.05%             | 2032-04-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                   | Service Properties Trust                                                         | CUSIP: 81761LAB8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    478000 | PA      | $461669.13    | 0.04%             | 2027-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                    | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              |  | US        |   1196000 | PA      | $1226831.68   | 0.11%             | 2032-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| OT MIDCO LTD                                               | OT Midco Ltd                                                                     | CUSIP: 68877AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $417788.85    | 0.04%             | 2030-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                                | Chemours Co/The                                                                  | CUSIP: 163851AF5<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    506000 | PA      | $453578.80    | 0.04%             | 2028-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                                             | Brink's Co/The                                                                   | CUSIP: 109696AD6<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    205000 | PA      | $210466.12    | 0.02%             | 2032-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ANGI GROUP LLC                                             | ANGI Group LLC                                                                   | CUSIP: 001846AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    541000 | PA      | $501656.37    | 0.05%             | 2028-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                      | Bausch Health Cos Inc                                                            | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   1564000 | PA      | $1501909.20   | 0.14%             | 2028-09-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| SOUTH BOW CAN INFRA HOLD                                   | South Bow Canadian Infrastructure Holdings Ltd                                   | CUSIP: 836720AH5<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |    395000 | PA      | $394271.78    | 0.04%             | 2055-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                               | US Foods Inc                                                                     | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    437000 | PA      | $430401.78    | 0.04%             | 2033-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CABLEVISION LIGHTPATH                                      | Cablevision Lightpath LLC                                                        | CUSIP: 12687GAA7<br>LEI: 5493002ZVBLRLGES1R71 | Long             | DBT              | CORP              | US        |    986000 | PA      | $947918.41    | 0.09%             | 2027-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                                     | Mauser Packaging Solutions Holding Co                                            | CUSIP: 57763RAC1<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |   1116000 | PA      | $1100298.10   | 0.10%             | 2027-04-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| TGS ASA                                                    | TGS ASA                                                                          | CUSIP: 87243KAA7<br>LEI: 549300NUPLAXPB0WYH90 | Long             | DBT              | CORP              | NO        |    444000 | PA      | $453972.33    | 0.04%             | 2030-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| OFFICE PPTY INCOME TRST                                    | Office Properties Income Trust                                                   | CUSIP: 67623CAG4<br>LEI: N/A                  | Long             | DBT              |  | US        |    285000 | PA      | $271871.90    | 0.02%             | 2029-03-31      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Navient Corp                                               | Navient Corp                                                                     | CUSIP: 78442FAZ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    858000 | PA      | $755609.88    | 0.07%             | 2033-08-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                                      | Scotts Miracle-Gro Co/The                                                        | CUSIP: 810186AW6<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |    252000 | PA      | $227133.87    | 0.02%             | 2032-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                           | Lamar Media Corp                                                                 | CUSIP: 513075BR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    402000 | PA      | $389202.09    | 0.04%             | 2028-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                                   | Walgreens Boots Alliance Inc                                                     | CUSIP: 931427AW8<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |    631000 | PA      | $661619.28    | 0.06%             | 2029-08-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                              | Carnival Corp                                                                    | CUSIP: 143658BN1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   1305000 | PA      | $1309079.95   | 0.12%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DISH DBS Corp                                              | DISH DBS Corp                                                                    | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1978000 | PA      | $1702284.56   | 0.15%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| NEW GOLD INC                                               | New Gold Inc                                                                     | CUSIP: 644535AJ5<br>LEI: 5493005G0GNCHP0H6L96 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $306714.60    | 0.03%             | 2032-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PERENTI FINANCE PTY LTD                                    | Perenti Finance Pty Ltd                                                          | CUSIP: 71367VAB5<br>LEI: 894500ZDIIAOXSQHE612 | Long             | DBT              | CORP              | AU        |    306000 | PA      | $315617.58    | 0.03%             | 2029-04-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ADVANCED DRAINAGE SYSTEM                                   | Advanced Drainage Systems Inc                                                    | CUSIP: 00790RAA2<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |    450000 | PA      | $445114.98    | 0.04%             | 2027-09-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| QVC INC                                                    | QVC Inc                                                                          | CUSIP: 747262BA0<br>LEI: 549300WBLU5NKPX5X472 | Long             | DBT              | CORP              | US        |    582000 | PA      | $261900.00    | 0.02%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NESCO HOLDINGS II INC                                      | NESCO Holdings II Inc                                                            | CUSIP: 64083YAA9<br>LEI: 254900FAHT0HW9T6L409 | Long             | DBT              | CORP              | US        |    877000 | PA      | $826957.94    | 0.07%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                                   | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAM9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    636000 | PA      | $609686.64    | 0.05%             | 2040-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                            | Nissan Motor Co Ltd                                                              | CUSIP: 654744AC5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |   1608000 | PA      | $1552875.83   | 0.14%             | 2027-09-17      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| COBRA ACQUISITIONCO LLC                                    | Cobra AcquisitionCo LLC                                                          | CUSIP: 19106CAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    297000 | PA      | $251278.57    | 0.02%             | 2029-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                               | SM Energy Co                                                                     | CUSIP: 78454LAW0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    322000 | PA      | $320510.65    | 0.03%             | 2028-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                                   | Burford Capital Global Finance LLC                                               | CUSIP: 12116LAC3<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    614000 | PA      | $616098.65    | 0.06%             | 2030-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                                       | Veritiv Operating Co                                                             | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |    622000 | PA      | $662339.81    | 0.06%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US                                   | Sealed Air Corp/Sealed Air Corp US                                               | CUSIP: 812127AA6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    561000 | PA      | $567626.53    | 0.05%             | 2028-02-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                                     | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BK6<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    461000 | PA      | $429162.00    | 0.04%             | 2033-04-30      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                                   | Walgreens Boots Alliance Inc                                                     | CUSIP: 931427AT5<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |    504000 | PA      | $428653.61    | 0.04%             | 2050-04-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD US                                     | Cushman & Wakefield US Borrower LLC                                              | CUSIP: 23166MAA1<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |    524000 | PA      | $526600.61    | 0.05%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                         | Advance Auto Parts Inc                                                           | CUSIP: 00751YAG1<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    137000 | PA      | $118992.11    | 0.01%             | 2032-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                    | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $702262.40    | 0.06%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CAMELOT FINANCE SA                                         | Camelot Finance SA                                                               | CUSIP: 13323AAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    156000 | PA      | $155226.79    | 0.01%             | 2026-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET                                   | Smyrna Ready Mix Concrete LLC                                                    | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    621000 | PA      | $612419.64    | 0.06%             | 2028-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                                     | Arsenal AIC Parent LLC                                                           | CUSIP: 04288BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    539000 | PA      | $566693.28    | 0.05%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                                        | Axon Enterprise Inc                                                              | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    750000 | PA      | $766800.13    | 0.07%             | 2030-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ENVIRI CORP                                                | Enviri Corp                                                                      | CUSIP: 415864AM9<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | DBT              | CORP              | US        |    554000 | PA      | $545089.35    | 0.05%             | 2027-07-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| State Street Institutional US Government Money Market Fund | State Street Institutional US Government Money Market Fund                       | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |  12010371 | NS      | $12010371.44  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BAUSCH HEALTH COS INC                                      | Bausch Health Cos Inc                                                            | CUSIP: 071734AJ6<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    572000 | PA      | $325145.32    | 0.03%             | 2030-01-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| RHP HOTEL PPTY/RHP FINAN                                   | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              |  | US        |    933000 | PA      | $946421.21    | 0.09%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT INC                                              | Open Text Holdings Inc                                                           | CUSIP: 683720AC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    692000 | PA      | $627656.87    | 0.06%             | 2031-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                           | CSC Holdings LLC                                                                 | CUSIP: 126307BH9<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1182000 | PA      | $800127.48    | 0.07%             | 2031-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                                    | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    341000 | PA      | $345400.61    | 0.03%             | 2031-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                      | Tenet Healthcare Corp                                                            | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1612000 | PA      | $1602984.57   | 0.14%             | 2027-11-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                   | Univision Communications Inc                                                     | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $910824.28    | 0.08%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                                   | British Telecommunications PLC                                                   | CUSIP: 11102AAG6<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |    432000 | PA      | $393337.73    | 0.04%             | 2081-11-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                     | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 01309QAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    561000 | PA      | $572761.93    | 0.05%             | 2028-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                     | EquipmentShare.com Inc                                                           | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |    490000 | PA      | $503843.48    | 0.05%             | 2033-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                   | Celanese US Holdings LLC                                                         | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1159605.90   | 0.10%             | 2033-11-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP                                      | Encompass Health Corp                                                            | CUSIP: 29261AAE0<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |    338000 | PA      | $322526.39    | 0.03%             | 2031-04-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CNX MIDSTREAM PART LP                                      | CNX Midstream Partners LP                                                        | CUSIP: 12654AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    494000 | PA      | $458389.02    | 0.04%             | 2030-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NEW HOME CO INC/THE                                        | New Home Co Inc/The                                                              | CUSIP: 645370AF4<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |    334000 | PA      | $345358.00    | 0.03%             | 2029-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                                              | Nordstrom Inc                                                                    | CUSIP: 655664AT7<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    464000 | PA      | $423279.08    | 0.04%             | 2030-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                            | Madison IAQ LLC                                                                  | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    866000 | PA      | $838422.66    | 0.08%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                      | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    574000 | PA      | $582937.75    | 0.05%             | 2033-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TREEHOUSE FOODS INC                                        | TreeHouse Foods Inc                                                              | CUSIP: 89469AAD6<br>LEI: 5493007M7EVHE470Q576 | Long             | DBT              | CORP              | US        |    486000 | PA      | $443200.70    | 0.04%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP                                      | Encompass Health Corp                                                            | CUSIP: 29261AAA8<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |    645000 | PA      | $635719.93    | 0.06%             | 2028-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ABC SUPPLY CO INC                                          | American Builders & Contractors Supply Co Inc                                    | CUSIP: 024747AF4<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |    388000 | PA      | $374849.75    | 0.03%             | 2028-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                        | Sirius XM Radio LLC                                                              | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   1902000 | PA      | $1806326.74   | 0.16%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PAYSAFE FIN PLC/PAYSAFE                                    | Paysafe Finance PLC / Paysafe Holdings US Corp                                   | CUSIP: 70452AAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    374000 | PA      | $346097.95    | 0.03%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                                           | Arches Buyer Inc                                                                 | CUSIP: 039524AB9<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |    597000 | PA      | $546322.70    | 0.05%             | 2028-12-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION INSURC INC                                   | Constellation Insurance Inc                                                      | CUSIP: 67740QAH9<br>LEI: 549300K609B872PZT291 | Long             | DBT              | CORP              | US        |    482000 | PA      | $462334.61    | 0.04%             | 2030-01-24      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| NEWMARK GROUP INC                                          | Newmark Group Inc                                                                | CUSIP: 65158NAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    293000 | PA      | $308321.81    | 0.03%             | 2029-01-12      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| OPTION CARE HEALTH INC                                     | Option Care Health Inc                                                           | CUSIP: 68404LAA0<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | DBT              | CORP              | US        |    403000 | PA      | $384523.01    | 0.03%             | 2029-10-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                             | NRG Energy Inc                                                                   | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    989000 | PA      | $983291.59    | 0.09%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                     | Match Group Holdings II LLC                                                      | CUSIP: 57665RAJ5<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    257000 | PA      | $255471.78    | 0.02%             | 2029-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO                                    | Central Garden & Pet Co                                                          | CUSIP: 153527AP1<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |    312000 | PA      | $284824.77    | 0.03%             | 2031-04-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                      | Civitas Resources Inc                                                            | CUSIP: 17888HAC7<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    806000 | PA      | $795566.73    | 0.07%             | 2030-11-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| LCPR SR SECURED FIN DAC                                    | LCPR Senior Secured Financing DAC                                                | CUSIP: 50201DAA1<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | IE        |    974000 | PA      | $706569.70    | 0.06%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Inc                                          | Iron Mountain Inc                                                                | CUSIP: 46284VAE1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    661000 | PA      | $654163.81    | 0.06%             | 2028-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SILGAN HOLDINGS INC                                        | Silgan Holdings Inc                                                              | CUSIP: 827048AW9<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |    461000 | PA      | $448090.39    | 0.04%             | 2028-02-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                      | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAF4<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    275000 | PA      | $276820.50    | 0.02%             | 2033-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                              | CommScope LLC                                                                    | CUSIP: 20338QAA1<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    794000 | PA      | $792616.89    | 0.07%             | 2027-03-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| HERTZ CORP/THE                                             | Hertz Corp/The                                                                   | CUSIP: 428040DB2<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    753000 | PA      | $512569.55    | 0.05%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| TUTOR PERINI CORP                                          | Tutor Perini Corp                                                                | CUSIP: 901109AG3<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | DBT              | CORP              | US        |    154000 | PA      | $171484.54    | 0.02%             | 2029-04-30      | Fixed         | 11.88%                | No            |                  2 | On Loan: No      |
| DOMTAR CORP                                                | Domtar Corp                                                                      | CUSIP: 70478JAA2<br>LEI: XYSIJOU3HNVROZWNA008 | Long             | DBT              | CORP              | US        |    553000 | PA      | $486363.39    | 0.04%             | 2028-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NFE FINANCING LLC                                          | NFE Financing LLC                                                                | CUSIP: 62909BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2134000 | PA      | $917478.67    | 0.08%             | 2029-11-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| OXFORD FIN LLC/CO-ISS II                                   | Oxford Finance LLC / Oxford Finance Co-Issuer II Inc                             | CUSIP: 69145LAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    577000 | PA      | $573502.46    | 0.05%             | 2027-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                   | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAE6<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    665000 | PA      | $696981.85    | 0.06%             | 2028-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                      | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    483000 | PA      | $477400.78    | 0.04%             | 2032-04-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY GROUP                                       | Ryan Specialty LLC                                                               | CUSIP: 78351MAA0<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |    548000 | PA      | $521860.13    | 0.05%             | 2030-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                   | Univision Communications Inc                                                     | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   1478000 | PA      | $1480276.12   | 0.13%             | 2028-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MRT MID PART/MRT MID FIN                                   | Martin Midstream Partners LP / Martin Midstream Finance Corp                     | CUSIP: 573334AK5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    308000 | PA      | $326527.74    | 0.03%             | 2028-02-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| TEGNA INC                                                  | TEGNA Inc                                                                        | CUSIP: 87901JAH8<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |    932000 | PA      | $888541.96    | 0.08%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                           | GGAM Finance Ltd                                                                 | CUSIP: 36170JAA4<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    410000 | PA      | $430968.22    | 0.04%             | 2028-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TOPBUILD CORP                                              | TopBuild Corp                                                                    | CUSIP: 89055FAC7<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |    359000 | PA      | $325870.73    | 0.03%             | 2032-02-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| WEST TECHNOLOGY GRP LLC                                    | West Technology Group LLC                                                        | CUSIP: 956187AA6<br>LEI: 5493005Z5DB0O5S30R71 | Long             | DBT              | CORP              | US        |    476000 | PA      | $142800.00    | 0.01%             | 2027-04-10      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                    | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              |  | US        |   1014000 | PA      | $887047.20    | 0.08%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| WAND NEWCO 3 INC                                           | Wand NewCo 3 Inc                                                                 | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |    531000 | PA      | $552766.75    | 0.05%             | 2032-01-30      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                      | Civitas Resources Inc                                                            | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300821.45    | 0.03%             | 2033-06-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                                            | Yum! Brands Inc                                                                  | CUSIP: 988498AP6<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    857000 | PA      | $813653.11    | 0.07%             | 2032-01-31      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                              | FirstCash Inc                                                                    | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    475000 | PA      | $463121.06    | 0.04%             | 2028-09-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                                       | Reworld Holding Corp                                                             | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |    620000 | PA      | $587539.09    | 0.05%             | 2029-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TELESAT CANADA/TELESAT L                                   | Telesat Canada / Telesat LLC                                                     | CUSIP: 87952VAR7<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    516000 | PA      | $308559.58    | 0.03%             | 2026-12-06      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                    | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BH4<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    946000 | PA      | $937135.47    | 0.08%             | 2026-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                       | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AK7<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    591000 | PA      | $528858.77    | 0.05%             | 2029-03-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| DEALER TIRE LLC/DT ISSR                                    | Dealer Tire LLC / DT Issuer LLC                                                  | CUSIP: 24229JAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    530000 | PA      | $518393.76    | 0.05%             | 2028-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SUNRISE HOLDCO IV BV                                       | Sunrise HoldCo IV BV                                                             | CUSIP: 90320LAG2<br>LEI: 213800G1DU7LKI6ZCD69 | Long             | DBT              | CORP              | NL        |    765000 | PA      | $752622.07    | 0.07%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                                            | Yum! Brands Inc                                                                  | CUSIP: 988498AN1<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    592000 | PA      | $538929.21    | 0.05%             | 2031-03-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                     | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    996000 | PA      | $969886.27    | 0.09%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| OSCAR ACQUISITIONCO LLC                                    | Oscar AcquisitionCo LLC / Oscar Finance Inc                                      | CUSIP: 687785AB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    489000 | PA      | $392628.22    | 0.04%             | 2030-04-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| DPL INC                                                    | DPL Inc                                                                          | CUSIP: 233293AQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $409341.87    | 0.04%             | 2029-04-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                      | Molina Healthcare Inc                                                            | CUSIP: 60855RAK6<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    766000 | PA      | $700858.98    | 0.06%             | 2030-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ASSUREDPARTNERS INC                                        | AssuredPartners Inc                                                              | CUSIP: 04624VAB5<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | DBT              | CORP              | US        |    691000 | PA      | $693369.99    | 0.06%             | 2029-01-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ITHACA ENERGY NORTH                                        | Ithaca Energy North Sea PLC                                                      | CUSIP: 46567TAC8<br>LEI: 213800BMMUN3AKWBIO91 | Long             | DBT              | CORP              | GB        |    345000 | PA      | $346776.75    | 0.03%             | 2029-10-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| CORELOGIC INC                                              | CoreLogic Inc                                                                    | CUSIP: 21871DAD5<br>LEI: 54930086CD8K2UIL0516 | Long             | DBT              | CORP              | US        |    510000 | PA      | $477919.06    | 0.04%             | 2028-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FRONTIER FLORIDA LLC                                       | Frontier Florida LLC                                                             | CUSIP: 362333AH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    351000 | PA      | $361789.74    | 0.03%             | 2028-02-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                               | Novelis Corp                                                                     | CUSIP: 670001AG1<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    837000 | PA      | $821619.75    | 0.07%             | 2026-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Nordstrom Inc                                              | Nordstrom Inc                                                                    | CUSIP: 655664AS9<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    262000 | PA      | $253279.46    | 0.02%             | 2027-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                   | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    902000 | PA      | $803388.90    | 0.07%             | 2032-02-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Under Armour Inc                                           | Under Armour Inc                                                                 | CUSIP: 904311AA5<br>LEI: 549300D4549QKWETZ406 | Long             | DBT              | CORP              | US        |    400000 | PA      | $391452.16    | 0.04%             | 2026-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| RR DONNELLEY & SONS CO                                     | RR Donnelley & Sons Co                                                           | CUSIP: 257867BK6<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |    649000 | PA      | $631366.80    | 0.06%             | 2029-08-01      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                            | Sealed Air Corp                                                                  | CUSIP: 81211KAY6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    621000 | PA      | $602739.68    | 0.05%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                                      | Bath & Body Works Inc                                                            | CUSIP: 501797AN4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    140000 | PA      | $140059.67    | 0.01%             | 2028-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                                     | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AP9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $101072.25    | 0.01%             | 2030-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                                   | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    558000 | PA      | $558185.65    | 0.05%             | 2027-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                                    | Global Partners LP / GLP Finance Corp                                            | CUSIP: 37954FAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    289000 | PA      | $290419.86    | 0.03%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                                     | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAD5<br>LEI: N/A                  | Long             | DBT              |  | US        |    424000 | PA      | $427432.28    | 0.04%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                           | CSC Holdings LLC                                                                 | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    945000 | PA      | $649327.74    | 0.06%             | 2030-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TR                                     | Blackstone Mortgage Trust Inc                                                    | CUSIP: 09257WAF7<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              |  | US        |    215000 | PA      | $226517.34    | 0.02%             | 2029-12-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                     | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPBR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    900000 | PA      | $898329.24    | 0.08%             | 2026-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS D                                   | Axalta Coating Systems Dutch Holding B BV                                        | CUSIP: 05455JAA5<br>LEI: 5493007DMEBZH3CQ5E51 | Long             | DBT              | CORP              | NL        |    378000 | PA      | $395862.01    | 0.04%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CD&R SMOKEY / RADIO SYS                                    | CD&R Smokey Buyer Inc / Radio Systems Corp                                       | CUSIP: 12515KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    669000 | PA      | $556106.25    | 0.05%             | 2029-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                      | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAL6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    419000 | PA      | $422931.48    | 0.04%             | 2028-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                                     | Energizer Holdings Inc                                                           | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    453000 | PA      | $426037.17    | 0.04%             | 2029-03-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                       | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   1021000 | PA      | $881937.25    | 0.08%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                       | LifePoint Health Inc                                                             | CUSIP: 53219LAW9<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    844000 | PA      | $928898.80    | 0.08%             | 2030-10-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| LABL INC                                                   | LABL Inc                                                                         | CUSIP: 50168AAA8<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |    527000 | PA      | $500878.19    | 0.05%             | 2027-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: —       |
| ZEBRA TECHNOLOGIES CORP                                    | Zebra Technologies Corp                                                          | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |    331000 | PA      | $337163.55    | 0.03%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                              | DISH DBS Corp                                                                    | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1539000 | PA      | $1423515.07   | 0.13%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| STRATHCONA RESOURCES                                       | Strathcona Resources Ltd/Alberta                                                 | CUSIP: 86304TAA6<br>LEI: 549300YNIUISTSZMLF56 | Long             | DBT              | CORP              | CA        |    188000 | PA      | $188999.03    | 0.02%             | 2026-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                       | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    748000 | PA      | $696088.28    | 0.06%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BEAZER HOMES USA                                           | Beazer Homes USA Inc                                                             | CUSIP: 07556QBU8<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |    258000 | PA      | $253463.51    | 0.02%             | 2031-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VICTORIA'S SECRET & CO                                     | Victoria's Secret & Co                                                           | CUSIP: 926400AA0<br>LEI: 5493006T3O70U3UWVF17 | Long             | DBT              | CORP              | US        |    536000 | PA      | $489161.58    | 0.04%             | 2029-07-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| TRI POINTE HOMES INC                                       | Tri Pointe Homes Inc                                                             | CUSIP: 87265HAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    432000 | PA      | $430915.68    | 0.04%             | 2028-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                                   | Virgin Media Secured Finance PLC                                                 | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |    790000 | PA      | $730078.90    | 0.07%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                                   | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    594000 | PA      | $592080.67    | 0.05%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                                   | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc        | CUSIP: 43284MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    398000 | PA      | $357176.18    | 0.03%             | 2031-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                             | OPAL BIDCO                                                                       | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    850000 | PA      | $849859.92    | 0.08%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WATCO COS LLC/FINANCE CO                                   | Watco Cos LLC / Watco Finance Corp                                               | CUSIP: 941130AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    562000 | PA      | $578783.01    | 0.05%             | 2032-08-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| KEDRION SPA                                                | Kedrion SpA                                                                      | CUSIP: 49272YAB9<br>LEI: 81560047FA58E1BEDF67 | Long             | DBT              | CORP              | IT        |    713000 | PA      | $687948.05    | 0.06%             | 2029-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRISES                                    | Saks Global Enterprises LLC                                                      | CUSIP: 79380MAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1600000 | PA      | $724000.00    | 0.07%             | 2029-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| LD HOLDINGS GROUP LLC                                      | LD Holdings Group LLC                                                            | CUSIP: 521088AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    404000 | PA      | $330423.44    | 0.03%             | 2028-04-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                                           | Vital Energy Inc                                                                 | CUSIP: 516806AH9<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    402000 | PA      | $339056.49    | 0.03%             | 2029-07-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| DANA INC                                                   | Dana Inc                                                                         | CUSIP: 235825AH9<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    378000 | PA      | $358764.53    | 0.03%             | 2030-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CAMELOT RETURN MERGER SU                                   | Camelot Return Merger Sub Inc                                                    | CUSIP: 13323NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    626000 | PA      | $554564.01    | 0.05%             | 2028-08-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| SPECIALTY BUILDING PRODU                                   | Specialty Building Products Holdings LLC / SBP Finance Corp                      | CUSIP: 84749AAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    559000 | PA      | $536017.67    | 0.05%             | 2029-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                         | Howard Hughes Corp/The                                                           | CUSIP: 44267DAF4<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |   1023000 | PA      | $929944.03    | 0.08%             | 2031-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ASTON MARTIN CAPITAL HOL                                   | Aston Martin Capital Holdings Ltd                                                | CUSIP: 04625HAJ8<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |    790000 | PA      | $741181.00    | 0.07%             | 2029-03-31      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CASTLE US HOLDING CORP                                     | Castle US Holding Corp                                                           | CUSIP: 14852LAB9<br>LEI: 254900VXLMLPIE9ID612 | Long             | DBT              | CORP              | US        |    111000 | PA      | $51060.00     | 0.00%             | 2031-06-30      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                      | Level 3 Financing Inc                                                            | CUSIP: 527298CK7<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    253040 | PA      | $255106.75    | 0.02%             | 2032-10-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                                     | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AM6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    410000 | PA      | $414338.62    | 0.04%             | 2028-06-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| LSB INDUSTRIES                                             | LSB Industries Inc                                                               | CUSIP: 502160AN4<br>LEI: 5493001H215A0HG0MI71 | Long             | DBT              | CORP              | US        |    597000 | PA      | $591529.33    | 0.05%             | 2028-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GRAND CANYON UNIVERSITY                                    | Grand Canyon University                                                          | CUSIP: 38528UAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    147000 | PA      | $139326.75    | 0.01%             | 2028-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                                   | Sensata Technologies Inc                                                         | CUSIP: 81728UAC8<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    463000 | PA      | $467509.62    | 0.04%             | 2032-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| MIDCAP FINANCIAL ISSR TR                                   | Midcap Financial Issuer Trust                                                    | CUSIP: 59567LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    693000 | PA      | $674358.44    | 0.06%             | 2028-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                         | Howard Hughes Corp/The                                                           | CUSIP: 44267DAD9<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    502000 | PA      | $494012.13    | 0.04%             | 2028-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SOTERA HEALTH HLDGS LLC                                    | Sotera Health Holdings LLC                                                       | CUSIP: 83600WAE9<br>LEI: 549300OVT7MBXFLOFU20 | Long             | DBT              | CORP              | US        |    417000 | PA      | $433668.32    | 0.04%             | 2031-06-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                           | CSC Holdings LLC                                                                 | CUSIP: 126307BK2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    570000 | PA      | $259754.65    | 0.02%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bombardier Inc                                             | Bombardier Inc                                                                   | CUSIP: 097751AL5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $212263.40    | 0.02%             | 2034-05-01      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                      | HUB International Ltd                                                            | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   1636000 | PA      | $1708350.46   | 0.15%             | 2032-01-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                               | SM Energy Co                                                                     | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    585000 | PA      | $562140.13    | 0.05%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                                   | Allison Transmission Inc                                                         | CUSIP: 019736AG2<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    696000 | PA      | $632345.65    | 0.06%             | 2031-01-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                              | LGI Homes Inc                                                                    | CUSIP: 50187TAF3<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    362000 | PA      | $320932.58    | 0.03%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| ACI Worldwide Inc                                          | ACI Worldwide Inc                                                                | CUSIP: 004498AB7<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | DBT              | CORP              | US        |    385000 | PA      | $385017.33    | 0.03%             | 2026-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                       | Garda World Security Corp                                                        | CUSIP: 36485MAK5<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    506000 | PA      | $499832.82    | 0.05%             | 2027-02-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR                                     | Millicom International Cellular SA                                               | CUSIP: 600814AN7<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |    618300 | PA      | $607757.37    | 0.05%             | 2028-01-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| HUNT COS INC                                               | Hunt Cos Inc                                                                     | CUSIP: 445587AE8<br>LEI: 549300ODPWDNCH5TKM49 | Long             | DBT              | CORP              | US        |    469000 | PA      | $453098.93    | 0.04%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| 180 MEDICAL INC                                            | 180 Medical Inc                                                                  | CUSIP: 682357AA6<br>LEI: 254900ZB648OPWVFVX59 | Long             | DBT              | CORP              | US        |    424000 | PA      | $404316.31    | 0.04%             | 2029-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                            | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AC8<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    636000 | PA      | $628637.54    | 0.06%             | 2028-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MILLENNIUM ESCROW CORP                                     | Millennium Escrow Corp                                                           | CUSIP: 60041CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    735000 | PA      | $605774.51    | 0.05%             | 2026-08-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                             | Gray Media Inc                                                                   | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    920000 | PA      | $657680.12    | 0.06%             | 2031-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CABLE ONE INC                                              | Cable One Inc                                                                    | CUSIP: 12685JAC9<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |    553000 | PA      | $428762.08    | 0.04%             | 2030-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| CLOUD SOFTWARE GRP INC                                     | Cloud Software Group Inc                                                         | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   2454000 | PA      | $2513703.37   | 0.23%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Global Marine Inc                                          | Global Marine Inc                                                                | CUSIP: 379352AL1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    298000 | PA      | $269690.00    | 0.02%             | 2028-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                        | NOVA Chemicals Corp                                                              | CUSIP: 66977WAU3<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |    532000 | PA      | $573428.97    | 0.05%             | 2030-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                          | Lithia Motors Inc                                                                | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    463000 | PA      | $434253.16    | 0.04%             | 2031-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GREYSTAR REAL ESTATE PAR                                   | Greystar Real Estate Partners LLC                                                | CUSIP: 39807UAD8<br>LEI: 254900HGC806SXAS4M46 | Long             | DBT              | CORP              | US        |    481000 | PA      | $510726.76    | 0.05%             | 2030-09-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Churchill Downs Inc                                        | Churchill Downs Inc                                                              | CUSIP: 171484AG3<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    594000 | PA      | $592307.46    | 0.05%             | 2027-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TRUENOORD CAPITAL DAC                                      | TrueNoord Capital DAC                                                            | CUSIP: 89785GAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    325000 | PA      | $337324.98    | 0.03%             | 2030-03-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                                     | Mauser Packaging Solutions Holding Co                                            | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |   2087000 | PA      | $2109406.03   | 0.19%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Central Garden & Pet Co                                    | Central Garden & Pet Co                                                          | CUSIP: 153527AM8<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |    428000 | PA      | $428351.47    | 0.04%             | 2028-02-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                          | Post Holdings Inc                                                                | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   1222000 | PA      | $1157718.40   | 0.10%             | 2030-04-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| INEOS QUATTRO FINANCE 2                                    | INEOS Quattro Finance 2 Plc                                                      | CUSIP: 45674GAB0<br>LEI: 213800V48W4Y5MT5Q131 | Long             | DBT              | CORP              | GB        |    350000 | PA      | $348694.50    | 0.03%             | 2029-03-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                                      | Freedom Mortgage Corp                                                            | CUSIP: 35640YAL1<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    515000 | PA      | $569649.74    | 0.05%             | 2030-10-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| Viking Cruises Ltd                                         | Viking Cruises Ltd                                                               | CUSIP: 92676XAD9<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    819000 | PA      | $819103.36    | 0.07%             | 2027-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                                   | Graphic Packaging International LLC                                              | CUSIP: 38869AAD9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    657000 | PA      | $606238.54    | 0.05%             | 2030-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                              | FirstCash Inc                                                                    | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    374000 | PA      | $383820.66    | 0.03%             | 2032-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                               | AES Corp/The                                                                     | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    500000 | PA      | $475631.30    | 0.04%             | 2055-07-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| FOOT LOCKER INC                                            | Foot Locker Inc                                                                  | CUSIP: 344849AA2<br>LEI: 549300X383CBNP6MTV94 | Long             | DBT              | CORP              | US        |    412000 | PA      | $391918.79    | 0.04%             | 2029-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CVR PARTNERS/CVR NITROGE                                   | CVR Partners LP / CVR Nitrogen Finance Corp                                      | CUSIP: 12663QAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    452000 | PA      | $449883.74    | 0.04%             | 2028-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                        | Buckeye Partners LP                                                              | CUSIP: 118230AU5<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    361000 | PA      | $352932.37    | 0.03%             | 2028-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                 | goeasy Ltd                                                                       | CUSIP: 380355AH0<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    664000 | PA      | $697988.17    | 0.06%             | 2028-12-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                              | Parkland Corp                                                                    | CUSIP: 70137WAL2<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |    750000 | PA      | $705201.38    | 0.06%             | 2030-05-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| LOUISIANA-PACIFIC CORP                                     | Louisiana-Pacific Corp                                                           | CUSIP: 546347AM7<br>LEI: 549300C7E2UAO5BVRR75 | Long             | DBT              | CORP              | US        |    438000 | PA      | $414023.84    | 0.04%             | 2029-03-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                             | NRG Energy Inc                                                                   | CUSIP: 629377CE0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    507000 | PA      | $509129.91    | 0.05%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HOLOGIC INC                                                | Hologic Inc                                                                      | CUSIP: 436440AP6<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | DBT              | CORP              | US        |    655000 | PA      | $626296.13    | 0.06%             | 2029-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                                   | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    853000 | PA      | $844852.83    | 0.08%             | 2029-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                             | NRG Energy Inc                                                                   | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    662000 | PA      | $662767.17    | 0.06%             | 2034-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Hologic Inc                                                | Hologic Inc                                                                      | CUSIP: 436440AM3<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | DBT              | CORP              | US        |    569000 | PA      | $562495.76    | 0.05%             | 2028-02-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                         | Ally Financial Inc                                                               | CUSIP: 02005NBS8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    381000 | PA      | $387703.42    | 0.03%             | 2033-02-14      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| SM Energy Co                                               | SM Energy Co                                                                     | CUSIP: 78454LAN0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    584000 | PA      | $583518.32    | 0.05%             | 2026-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                                         | Vodafone Group PLC                                                               | CUSIP: 92857WBX7<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    942000 | PA      | $698699.58    | 0.06%             | 2081-06-04      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| MUELLER WATER PRODUCTS                                     | Mueller Water Products Inc                                                       | CUSIP: 624758AF5<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | DBT              | CORP              | US        |    591000 | PA      | $561161.77    | 0.05%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                      | Civitas Resources Inc                                                            | CUSIP: 097793AE3<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    500000 | PA      | $491302.35    | 0.04%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                                      | Scotts Miracle-Gro Co/The                                                        | CUSIP: 810186AS5<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |    209000 | PA      | $198968.79    | 0.02%             | 2029-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| XPO CNW Inc                                                | XPO CNW Inc                                                                      | CUSIP: 12612WAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    369000 | PA      | $380429.78    | 0.03%             | 2034-05-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC                                    | Park River Holdings Inc                                                          | CUSIP: 70082LAB3<br>LEI: 254900PGY077KWCROT75 | Long             | DBT              | CORP              | US        |    316000 | PA      | $252905.20    | 0.02%             | 2029-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| B&G FOODS INC                                              | B&G Foods Inc                                                                    | CUSIP: 05508WAB1<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |    453000 | PA      | $397719.64    | 0.04%             | 2027-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OWENS & MINOR INC                                          | Owens & Minor Inc                                                                | CUSIP: 690732AG7<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |    458000 | PA      | $388303.58    | 0.03%             | 2030-04-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST                                   | Fortress Transportation and Infrastructure Investors LLC                         | CUSIP: 34960PAG6<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    636000 | PA      | $650646.44    | 0.06%             | 2032-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                 | goeasy Ltd                                                                       | CUSIP: 380355AN7<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    414000 | PA      | $413992.96    | 0.04%             | 2030-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ANYWHERE RE GRP/REALOGY                                    | Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp                          | CUSIP: 75606DAQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    394000 | PA      | $306386.50    | 0.03%             | 2030-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| SHEA HOMES LP/FNDG CP                                      | Shea Homes LP / Shea Homes Funding Corp                                          | CUSIP: 82088KAK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    408000 | PA      | $397045.20    | 0.04%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AMS-OSRAM AG                                               | ams-OSRAM AG                                                                     | CUSIP: 03217CAB2<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |    403000 | PA      | $420806.15    | 0.04%             | 2029-03-30      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                                   | Standard Industries Inc/NY                                                       | CUSIP: 853496AD9<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    959000 | PA      | $942280.31    | 0.08%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KFC HLD/PIZZA HUT/TACO                                     | KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America LLC                   | CUSIP: 48250NAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    662000 | PA      | $660078.02    | 0.06%             | 2027-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| POPULAR INC                                                | Popular Inc                                                                      | CUSIP: 733174AL0<br>LEI: 5493008CARDZMVQ3LO89 | Long             | DBT              | CORP              | PR        |    336000 | PA      | $353423.62    | 0.03%             | 2028-03-13      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                                   | Live Nation Entertainment Inc                                                    | CUSIP: 538034AX7<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    552000 | PA      | $531352.33    | 0.05%             | 2028-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                                   | Jones Deslauriers Insurance Management Inc                                       | CUSIP: 48020RAA3<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    293000 | PA      | $314506.43    | 0.03%             | 2030-12-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                          | Newell Brands Inc                                                                | CUSIP: 651229BC9<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    423000 | PA      | $425174.64    | 0.04%             | 2027-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                     | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAM5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $345163.50    | 0.03%             | 2029-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                           | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   1317000 | PA      | $1210473.40   | 0.11%             | 2031-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                                    | Asbury Automotive Group Inc                                                      | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    670000 | PA      | $637508.75    | 0.06%             | 2029-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC                                    | New Fortress Energy Inc                                                          | CUSIP: 644393AB6<br>LEI: 254900EICTYTCHA5X705 | Long             | DBT              | CORP              | US        |    587000 | PA      | $352772.33    | 0.03%             | 2026-09-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Tenet Healthcare Corp                                      | Tenet Healthcare Corp                                                            | CUSIP: 88033GAV2<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    366000 | PA      | $384615.49    | 0.03%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                                     | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAZ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    741000 | PA      | $699911.40    | 0.06%             | 2030-04-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                    | United Rentals North America Inc                                                 | CUSIP: 911365BR4<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    832000 | PA      | $844362.69    | 0.08%             | 2034-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ARAGVI FINANCE INTL                                        | Aragvi Finance International DAC                                                 | CUSIP: 03851RAC8<br>LEI: 635400VKAYT1VT6VBF50 | Long             | DBT              | CORP              | IE        |    508000 | PA      | $503206.40    | 0.05%             | 2029-11-20      | Fixed         | 11.13%                | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                     | Venture Global LNG Inc                                                           | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   2337000 | PA      | $2500054.83   | 0.23%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| AECOM                                                      | AECOM                                                                            | CUSIP: 00774CAB3<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |    629000 | PA      | $628916.97    | 0.06%             | 2027-03-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                    | UKG Inc                                                                          | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |   1452000 | PA      | $1497099.12   | 0.13%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Amkor Technology Inc                                       | Amkor Technology Inc                                                             | CUSIP: 031652BK5<br>LEI: 529900VHLRTKPWZJBM84 | Long             | DBT              | CORP              | US        |    517000 | PA      | $519027.16    | 0.05%             | 2027-09-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                                   | Acadia Healthcare Co Inc                                                         | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    459000 | PA      | $468269.51    | 0.04%             | 2033-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                      | GFL Environmental Inc                                                            | CUSIP: 36168QAQ7<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    807000 | PA      | $838109.04    | 0.08%             | 2031-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SOMNIGROUP INTL INC                                        | Somnigroup International Inc                                                     | CUSIP: 88023UAH4<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |    615000 | PA      | $579873.29    | 0.05%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GLOBAL AUTO HO/AAG FH UK                                   | Global Auto Holdings Ltd/AAG FH UK Ltd                                           | CUSIP: 00033GAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    497000 | PA      | $386146.64    | 0.03%             | 2032-01-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| FTAI INFRA ESC HLDGS LLC                                   | FTAI Infra Escrow Holdings LLC                                                   | CUSIP: 30327TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    613000 | PA      | $633457.65    | 0.06%             | 2027-06-01      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| NEWFOLD DIGITAL HLDGS GR                                   | Newfold Digital Holdings Group Inc                                               | CUSIP: 650929AA0<br>LEI: 549300UTQC2651SB0W88 | Long             | DBT              | CORP              | US        |    313000 | PA      | $231302.52    | 0.02%             | 2028-10-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                                    | SBA Communications Corp                                                          | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              |  | US        |   1102000 | PA      | $1081266.31   | 0.10%             | 2027-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC                                    | Stagwell Global LLC                                                              | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |    887000 | PA      | $834735.83    | 0.08%             | 2029-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                      | Bausch Health Cos Inc                                                            | CUSIP: 071734AM9<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    454000 | PA      | $290521.41    | 0.03%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| FOUNDATION BUILDING M                                      | Foundation Building Materials Inc                                                | CUSIP: 350392AA4<br>LEI: 549300ZVE6MONHB01I28 | Long             | DBT              | CORP              | US        |    492000 | PA      | $419549.75    | 0.04%             | 2029-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| HERC HOLDINGS INC                                          | Herc Holdings Inc                                                                | CUSIP: 42704LAA2<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   1159000 | PA      | $1151291.49   | 0.10%             | 2027-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VIRTUSA CORP                                               | Virtusa Corp                                                                     | CUSIP: 92837TAA0<br>LEI: C77OMXDER63WLJCSKT03 | Long             | DBT              | CORP              | US        |    372000 | PA      | $360021.27    | 0.03%             | 2028-12-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| AFFINITY INTERACTIVE                                       | Affinity Interactive                                                             | CUSIP: 00842XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    541000 | PA      | $402888.11    | 0.04%             | 2027-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                     | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    731000 | PA      | $701122.20    | 0.06%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Liberty Interactive LLC                                    | Liberty Interactive LLC                                                          | CUSIP: 530715AD3<br>LEI: 549300SZUIU7Z32Q0664 | Long             | DBT              | CORP              | US        |    254000 | PA      | $43866.10     | 0.00%             | 2029-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| RR DONNELLEY & SONS CO                                     | RR Donnelley & Sons Co                                                           | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |    653000 | PA      | $655277.55    | 0.06%             | 2029-08-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/VM HOLDS                                    | VistaJet Malta Finance PLC / Vista Management Holding Inc                        | CUSIP: 92840JAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    828000 | PA      | $744322.49    | 0.07%             | 2030-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BRISTOW GROUP INC                                          | Bristow Group Inc                                                                | CUSIP: 11040GAA1<br>LEI: 5493005Q24EN3UC1PV68 | Long             | DBT              | CORP              | US        |    405000 | PA      | $404172.79    | 0.04%             | 2028-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                                      | Bath & Body Works Inc                                                            | CUSIP: 501797AW4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    614000 | PA      | $627617.29    | 0.06%             | 2030-10-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                  | IQVIA Inc                                                                        | CUSIP: 46266TAD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    381000 | PA      | $389420.48    | 0.04%             | 2030-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VERTIV GROUP CORPORATION                                   | Vertiv Group Corp                                                                | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |    804000 | PA      | $779505.01    | 0.07%             | 2028-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| KB HOME                                                    | KB Home                                                                          | CUSIP: 48666KBA6<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |    367000 | PA      | $377317.10    | 0.03%             | 2030-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SONIC AUTOMOTIVE INC                                       | Sonic Automotive Inc                                                             | CUSIP: 83545GBD3<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |    476000 | PA      | $455105.93    | 0.04%             | 2029-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MITER BRAND / MIWD BORR                                    | Miter Brands Acquisition Holdco Inc / MIWD Borrower LLC                          | CUSIP: 60672JAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    269000 | PA      | $271192.89    | 0.02%             | 2032-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SYNAPTICS INC                                              | Synaptics Inc                                                                    | CUSIP: 87157DAG4<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | DBT              | CORP              | US        |    422000 | PA      | $393310.67    | 0.04%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CARRIAGE PURCHASER INC                                     | Carriage Purchaser Inc                                                           | CUSIP: 14445LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    235000 | PA      | $201324.88    | 0.02%             | 2029-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                   | Rogers Communications Inc                                                        | CUSIP: 775109DG3<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    838000 | PA      | $844912.79    | 0.08%             | 2055-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BWX TECHNOLOGIES INC                                       | BWX Technologies Inc                                                             | CUSIP: 05605HAC4<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |    521000 | PA      | $499538.55    | 0.05%             | 2029-04-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                                      | Hightower Holding LLC                                                            | CUSIP: 43118DAA8<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |    500000 | PA      | $493496.70    | 0.04%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| ACADEMY LTD                                                | Academy Ltd                                                                      | CUSIP: 00401YAA8<br>LEI: 549300BN53IR80C35Z14 | Long             | DBT              | CORP              | US        |    447000 | PA      | $448424.59    | 0.04%             | 2027-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                   | Vistra Operations Co LLC                                                         | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    902000 | PA      | $956988.59    | 0.09%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                       | LifePoint Health Inc                                                             | CUSIP: 53219LAU3<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    479000 | PA      | $453121.93    | 0.04%             | 2029-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Brink's Co/The                                             | Brink's Co/The                                                                   | CUSIP: 109696AA2<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    635000 | PA      | $626894.29    | 0.06%             | 2027-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                     | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAB8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    466000 | PA      | $451091.03    | 0.04%             | 2027-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NEOGEN FOOD SAFE CORP                                      | Neogen Food Safety Corp                                                          | CUSIP: 365417AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    467000 | PA      | $487317.30    | 0.04%             | 2030-07-20      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp                                                             | CUSIP: 682691AK6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100747.16    | 0.01%             | 2032-09-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                                   | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    126000 | PA      | $126274.30    | 0.01%             | 2027-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                   | Univision Communications Inc                                                     | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    916000 | PA      | $880222.96    | 0.08%             | 2031-07-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SM Energy Co                                               | SM Energy Co                                                                     | CUSIP: 78454LAP5<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    575000 | PA      | $576048.23    | 0.05%             | 2027-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| STONEMOR INC                                               | StoneMor Inc                                                                     | CUSIP: 86184WAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    359000 | PA      | $331262.80    | 0.03%             | 2029-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                             | Azorra Finance Ltd                                                               | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    533000 | PA      | $534980.59    | 0.05%             | 2030-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| DRESDNER FNDG TRUST I                                      | Dresdner Funding Trust I                                                         | CUSIP: 26156FAA1<br>LEI: 549300ZEO4BKB37E3J03 | Long             | DBT              | CORP              | US        |    806000 | PA      | $883703.32    | 0.08%             | 2031-06-30      | Fixed         | 8.15%                 | No            |                  2 | On Loan: No      |
| AHP HEALTH PARTN                                           | AHP Health Partners Inc                                                          | CUSIP: 00150LAB7<br>LEI: 549300QMM8MQ6SM5KX05 | Long             | DBT              | CORP              | US        |    326000 | PA      | $312568.60    | 0.03%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BLOCK COMMUNICATIONS INC                                   | Block Communications Inc                                                         | CUSIP: 093645AJ8<br>LEI: M5G68A9OHJWIL4SFC742 | Long             | DBT              | CORP              | US        |    367000 | PA      | $347373.17    | 0.03%             | 2028-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                      | Nabors Industries Inc                                                            | CUSIP: 62957HAQ8<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    486000 | PA      | $333015.02    | 0.03%             | 2031-08-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| SONIC AUTOMOTIVE INC                                       | Sonic Automotive Inc                                                             | CUSIP: 83545GBE1<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |    466000 | PA      | $434622.26    | 0.04%             | 2031-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                     | Comstock Resources Inc                                                           | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    751000 | PA      | $710854.69    | 0.06%             | 2030-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                   | Olympus Water US Holding Corp                                                    | CUSIP: 16308NAA2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    413000 | PA      | $420288.21    | 0.04%             | 2027-10-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                   | Celanese US Holdings LLC                                                         | CUSIP: 15089QAM6<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    568000 | PA      | $582725.47    | 0.05%             | 2027-07-15      | Fixed         | 6.42%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS                                   | Ferrellgas LP / Ferrellgas Finance Corp                                          | CUSIP: 315289AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    691000 | PA      | $626179.02    | 0.06%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                               | Entegris Inc                                                                     | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    938000 | PA      | $911406.95    | 0.08%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENPRO INC                                                  | Enpro Inc                                                                        | CUSIP: 29355XAG2<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | DBT              | CORP              | US        |    239000 | PA      | $239139.71    | 0.02%             | 2026-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PRAIRIE ACQUIROR LP                                        | Prairie Acquiror LP                                                              | CUSIP: 73943NAA4<br>LEI: 254900Q6KU2LVSIISH22 | Long             | DBT              | CORP              | US        |    453000 | PA      | $460896.70    | 0.04%             | 2029-08-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                     | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1112460.98   | 0.10%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                   | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    811000 | PA      | $734310.70    | 0.07%             | 2031-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                   | Permian Resources Operating LLC                                                  | CUSIP: 71424VAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    734000 | PA      | $753403.29    | 0.07%             | 2032-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                                   | Brandywine Operating Partnership LP                                              | CUSIP: 105340AQ6<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |    378000 | PA      | $361070.59    | 0.03%             | 2027-11-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                                   | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    625000 | PA      | $624438.81    | 0.06%             | 2028-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BRINKER INTERNATIONAL IN                                   | Brinker International Inc                                                        | CUSIP: 109641AK6<br>LEI: 52990067JY6PBGJNTG76 | Long             | DBT              | CORP              | US        |    313000 | PA      | $331412.54    | 0.03%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| TOLEDO HOSPITAL/THE                                        | Toledo Hospital/The                                                              | CUSIP: 889184AA5<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |    276000 | PA      | $211416.00    | 0.02%             | 2045-11-15      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                      | Williams Scotsman Inc                                                            | CUSIP: 96949VAL7<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    349000 | PA      | $363346.69    | 0.03%             | 2031-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PATRICK INDUSTRIES INC                                     | Patrick Industries Inc                                                           | CUSIP: 703343AH6<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |    473000 | PA      | $466653.43    | 0.04%             | 2032-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA CAPITAL                                     | Telecom Italia Capital SA                                                        | CUSIP: 87927VAR9<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |    489000 | PA      | $509477.36    | 0.05%             | 2036-07-18      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                      | Tenet Healthcare Corp                                                            | CUSIP: 88033GDQ0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1402000 | PA      | $1417489.74   | 0.13%             | 2030-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| COMPASS GROUP DIVERSIFIE                                   | Compass Group Diversified Holdings LLC                                           | CUSIP: 20451RAB8<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |    875000 | PA      | $757806.60    | 0.07%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                                   | Acadia Healthcare Co Inc                                                         | CUSIP: 00404AAN9<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    409000 | PA      | $403691.63    | 0.04%             | 2028-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PEDIATRIX MEDICAL GROUP                                    | Pediatrix Medical Group Inc                                                      | CUSIP: 58502BAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    402000 | PA      | $389440.11    | 0.04%             | 2030-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| APOLLO CMMRL REAL EST FI                                   | Apollo Commercial Real Estate Finance Inc                                        | CUSIP: 03762UAD7<br>LEI: 549300E0AN7M2AQHSY29 | Long             | DBT              |  | US        |    389000 | PA      | $363526.04    | 0.03%             | 2029-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MCLAREN FINANCE PLC                                        | Mclaren Finance PLC                                                              | CUSIP: 58175LAA8<br>LEI: 213800BKPDWMWX3GSG36 | Long             | DBT              | CORP              | GB        |    655000 | PA      | $657390.75    | 0.06%             | 2026-08-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                     | WESCO Distribution Inc                                                           | CUSIP: 95081QAQ7<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    584000 | PA      | $596849.17    | 0.05%             | 2029-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                    | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAG0<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    334000 | PA      | $327732.10    | 0.03%             | 2027-09-13      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                   | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AF8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    786000 | PA      | $770907.70    | 0.07%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ZIGGO BOND CO BV                                           | Ziggo Bond Co BV                                                                 | CUSIP: 98953GAD7<br>LEI: 213800JYI4P7V5QDOG59 | Long             | DBT              | CORP              | NL        |    422000 | PA      | $358195.57    | 0.03%             | 2030-02-28      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                   | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    659000 | PA      | $671689.05    | 0.06%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                               | Navient Corp                                                                     | CUSIP: 63938CAP3<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    476000 | PA      | $539657.86    | 0.05%             | 2031-03-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| GOTO GROUP INC                                             | GoTo Group Inc                                                                   | CUSIP: 38349YAA3<br>LEI: 549300D12V5KRBV00592 | Long             | DBT              | CORP              | US        |    425872 | PA      | $356676.32    | 0.03%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS/CANADA WON                                       | Six Flags Entertainment Corp / Canada's Wonderland Co / Magnum Management Corp   | CUSIP: 150190AE6<br>LEI: 549300TUVLNQQ6BVKH61 | Long             | DBT              | CORP              | US        |    395000 | PA      | $383768.85    | 0.03%             | 2029-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                                   | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    719000 | PA      | $722617.29    | 0.07%             | 2028-01-15      | Fixed         | 6.63%                 | 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        |    525000 | PA      | $534413.25    | 0.05%             | 2030-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                       | LifePoint Health Inc                                                             | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    600000 | PA      | $643582.20    | 0.06%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                                    | Global Partners LP / GLP Finance Corp                                            | CUSIP: 37954FAK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    291000 | PA      | $302740.98    | 0.03%             | 2032-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Hudson Pacific Properties LP                               | Hudson Pacific Properties LP                                                     | CUSIP: 44409MAB2<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              |  | US        |    647000 | PA      | $468882.32    | 0.04%             | 2029-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                   | Univision Communications Inc                                                     | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    755000 | PA      | $706347.80    | 0.06%             | 2030-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                                   | Virgin Media Secured Finance PLC                                                 | CUSIP: 92769XAP0<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |   1165000 | PA      | $1134092.24   | 0.10%             | 2029-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                    | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1243000 | PA      | $1241240.53   | 0.11%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Transocean Inc                                             | Transocean Inc                                                                   | CUSIP: 893830AT6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |    652000 | PA      | $445048.16    | 0.04%             | 2038-03-15      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                   | Celanese US Holdings LLC                                                         | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    857000 | PA      | $834901.31    | 0.08%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| BRINK'S CO/THE                                             | Brink's Co/The                                                                   | CUSIP: 109696AC8<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    258000 | PA      | $263424.45    | 0.02%             | 2029-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                          | Iron Mountain Inc                                                                | CUSIP: 46284VAF8<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    745000 | PA      | $723587.88    | 0.07%             | 2029-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                          | Iron Mountain Inc                                                                | CUSIP: 46284VAN1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    964000 | PA      | $904197.77    | 0.08%             | 2031-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                                        | Resideo Funding Inc                                                              | CUSIP: 76119LAD3<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |    368000 | PA      | $371486.80    | 0.03%             | 2032-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CONDUENT BUS SERVICES                                      | Conduent Business Services LLC / Conduent State & Local Solutions Inc            | CUSIP: 20679LAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    630000 | PA      | $579673.92    | 0.05%             | 2029-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ROBLOX CORP                                                | ROBLOX Corp                                                                      | CUSIP: 771049AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1202000 | PA      | $1119096.98   | 0.10%             | 2030-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                         | Ardonagh Finco Ltd                                                               | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    924000 | PA      | $956086.82    | 0.09%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                                     | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAB9<br>LEI: N/A                  | Long             | DBT              |  | US        |    567000 | PA      | $559124.37    | 0.05%             | 2028-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                      | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    523000 | PA      | $530083.51    | 0.05%             | 2032-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                    | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    446000 | PA      | $429940.08    | 0.04%             | 2029-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CHAMPIONS FINANCING INC                                    | Champions Financing Inc                                                          | CUSIP: 15870LAA6<br>LEI: 391200ZDD75EGEUJ7625 | Long             | DBT              | CORP              | US        |    519000 | PA      | $483906.78    | 0.04%             | 2029-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: —       |
| SCIENCE APPLICATIONS INT                                   | Science Applications International Corp                                          | CUSIP: 808625AA5<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |    435000 | PA      | $424344.59    | 0.04%             | 2028-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                   | Electricite de France SA                                                         | CUSIP: 28504KAA5<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    992000 | PA      | $1122078.98   | 0.10%             | N/A             | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                                         | Seagate HDD Cayman                                                               | CUSIP: 81180WBM2<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |    483000 | PA      | $548593.82    | 0.05%             | 2032-12-01      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                                      | Bath & Body Works Inc                                                            | CUSIP: 501797AL8<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    575000 | PA      | $580008.25    | 0.05%             | 2035-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                                   | American Airlines Inc/AAdvantage Loyalty IP Ltd                                  | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   2066000 | PA      | $2030057.10   | 0.18%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                      | GFL Environmental Inc                                                            | CUSIP: 36168QAP9<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    568000 | PA      | $545927.29    | 0.05%             | 2029-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ALUMINA PTY LTD                                            | Alumina Pty Ltd                                                                  | CUSIP: 02220AAB3<br>LEI: 2138002VD9MW2WT8HR38 | Long             | DBT              | CORP              | AU        |    450000 | PA      | $445358.93    | 0.04%             | 2032-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                     | EquipmentShare.com Inc                                                           | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |    587000 | PA      | $616292.23    | 0.06%             | 2032-05-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| WILSONART LLC                                              | Wilsonart LLC                                                                    | CUSIP: 97246JAA6<br>LEI: 549300SAZRUMYKDJBY14 | Long             | DBT              | CORP              | US        |    418000 | PA      | $368176.24    | 0.03%             | 2032-08-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                                    | Global Partners LP / GLP Finance Corp                                            | CUSIP: 37954FAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    430000 | PA      | $431339.45    | 0.04%             | 2027-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                                    | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl     | CUSIP: 049362AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    774000 | PA      | $739878.63    | 0.07%             | 2028-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MOSS CREEK RESOURCES HLD                                   | Moss Creek Resources Holdings Inc                                                | CUSIP: 61965RAC9<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |    539000 | PA      | $520094.74    | 0.05%             | 2031-09-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BLUELINX HOLDING                                           | BlueLinx Holdings Inc                                                            | CUSIP: 09624HAA7<br>LEI: 549300YSX7GU28F5I540 | Long             | DBT              | CORP              | US        |    286000 | PA      | $269444.89    | 0.02%             | 2029-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                                   | Albion Financing 1 SARL / Aggreko Holdings Inc                                   | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    500000 | PA      | $508334.54    | 0.05%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                                   | Performance Food Group Inc                                                       | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    758000 | PA      | $723554.96    | 0.07%             | 2029-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                        | NCL Corp Ltd                                                                     | CUSIP: 62886HBP5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    793000 | PA      | $785071.74    | 0.07%             | 2030-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HELIX ENERGY SOLUTIONS                                     | Helix Energy Solutions Group Inc                                                 | CUSIP: 42330PAL1<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | DBT              | CORP              | US        |    389000 | PA      | $403783.56    | 0.04%             | 2029-03-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                              | LGI Homes Inc                                                                    | CUSIP: 50187TAK2<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    464000 | PA      | $431364.56    | 0.04%             | 2032-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                      | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    370000 | PA      | $361136.06    | 0.03%             | 2029-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                                        | Altice Financing SA                                                              | CUSIP: 02154CAJ2<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    336000 | PA      | $295359.12    | 0.03%             | 2027-07-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                                         | Seagate HDD Cayman                                                               | CUSIP: 81180WBC4<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |    443000 | PA      | $424078.36    | 0.04%             | 2029-06-01      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| JELD-WEN INC                                               | JELD-WEN Inc                                                                     | CUSIP: 47580PAA1<br>LEI: 549300XWE6NM0N1HFW16 | Long             | DBT              | CORP              | US        |    288000 | PA      | $213194.88    | 0.02%             | 2032-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| CARPENTER TECHNOLOGY                                       | Carpenter Technology Corp                                                        | CUSIP: 144285AL7<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |    259000 | PA      | $260229.73    | 0.02%             | 2028-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                   | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    426000 | PA      | $431953.78    | 0.04%             | 2030-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| WYNN LAS VEGAS LLC/CORP                                    | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp                                 | CUSIP: 983130AX3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    578000 | PA      | $575750.08    | 0.05%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                   | Vistra Operations Co LLC                                                         | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    901000 | PA      | $937911.27    | 0.08%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AMN HEALTHCARE INC                                         | AMN Healthcare Inc                                                               | CUSIP: 00175PAB9<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |    428000 | PA      | $414423.79    | 0.04%             | 2027-10-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                          | Service Corp International/US                                                    | CUSIP: 817565CF9<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    420000 | PA      | $381474.45    | 0.03%             | 2030-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                                        | Clarivate Science Holdings Corp                                                  | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    454000 | PA      | $420298.35    | 0.04%             | 2029-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CALUMET SPECIALTY PROD                                     | Calumet Specialty Products Partners LP / Calumet Finance Corp                    | CUSIP: 131477AV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    324000 | PA      | $312915.44    | 0.03%             | 2027-01-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                                     | Energizer Holdings Inc                                                           | CUSIP: 29272WAC3<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    312000 | PA      | $301155.00    | 0.03%             | 2028-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                                   | Burford Capital Global Finance LLC                                               | CUSIP: 12116LAE9<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    416000 | PA      | $443730.56    | 0.04%             | 2031-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                                     | SCIH Salt Holdings Inc                                                           | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    551000 | PA      | $535286.13    | 0.05%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                                        | Resideo Funding Inc                                                              | CUSIP: 76119LAB7<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |    390000 | PA      | $362102.95    | 0.03%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                          | Post Holdings Inc                                                                | CUSIP: 737446AX2<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    645000 | PA      | $638730.02    | 0.06%             | 2034-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                     | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    939000 | PA      | $972451.88    | 0.09%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                        | Sirius XM Radio LLC                                                              | CUSIP: 82967NBL1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   1155000 | PA      | $1129182.59   | 0.10%             | 2026-09-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA FINANCE PLC                                   | Virgin Media Finance PLC                                                         | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |    687000 | PA      | $623313.66    | 0.06%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                  | Block Inc                                                                        | CUSIP: 852234AP8<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    857000 | PA      | $775012.52    | 0.07%             | 2031-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                   | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AG0<br>LEI: N/A                  | Long             | DBT              |  | US        |    674000 | PA      | $651227.97    | 0.06%             | 2029-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Teleflex Inc                                               | Teleflex Inc                                                                     | CUSIP: 879369AF3<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | DBT              | CORP              | US        |    455000 | PA      | $448303.26    | 0.04%             | 2027-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC                                           | AMC Networks Inc                                                                 | CUSIP: 00164VAF0<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    857000 | PA      | $656453.43    | 0.06%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                                         | PBF Holding Co LLC / PBF Finance Corp                                            | CUSIP: 69318FAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    598000 | PA      | $555721.76    | 0.05%             | 2028-02-15      | Fixed         | 6.00%                 | 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        |   1191000 | PA      | $1193810.76   | 0.11%             | 2032-11-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                      | Level 3 Financing Inc                                                            | CUSIP: 527298BX0<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    642000 | PA      | $723855.00    | 0.07%             | 2029-04-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| COMMSCOPE TECH LLC                                         | CommScope Technologies LLC                                                       | CUSIP: 20338HAB9<br>LEI: M4TWC4QDOKW45N7T6Y12 | Long             | DBT              | CORP              | US        |    870000 | PA      | $841479.23    | 0.08%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                                      | Ellucian Holdings Inc                                                            | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |    754000 | PA      | $763377.50    | 0.07%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AMC ENTERTAINMENT HLDGS                                    | AMC Entertainment Holdings Inc                                                   | CUSIP: 00165CBA1<br>LEI: 549300ZO77UNR6NRBR11 | Long             | DBT              | CORP              | US        |    754000 | PA      | $589940.91    | 0.05%             | 2029-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                   | Builders FirstSource Inc                                                         | CUSIP: 12008RAN7<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    485000 | PA      | $470040.22    | 0.04%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                                   | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 26873CAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    578000 | PA      | $591988.18    | 0.05%             | 2031-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| IAMGOLD CORP                                               | IAMGOLD Corp                                                                     | CUSIP: 450913AF5<br>LEI: 254900E7II30XAB9LA72 | Long             | DBT              | CORP              | CA        |    388000 | PA      | $384794.69    | 0.03%             | 2028-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ACURIS FIN US/ACURIS FIN                                   | Acuris Finance US Inc / Acuris Finance SARL                                      | CUSIP: 00511BAE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    417000 | PA      | $426486.75    | 0.04%             | 2029-08-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                      | American Airlines Inc                                                            | CUSIP: 023771T32<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    618000 | PA      | $624631.84    | 0.06%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners LP                                        | Buckeye Partners LP                                                              | CUSIP: 118230AP6<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    324000 | PA      | $266876.05    | 0.02%             | 2044-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                      | Molina Healthcare Inc                                                            | CUSIP: 60855RAJ9<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    597000 | PA      | $579471.05    | 0.05%             | 2028-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ADVANTAGE SALES & MARKET                                   | Advantage Sales & Marketing Inc                                                  | CUSIP: 00775PAA5<br>LEI: 549300T4O24KQDED1182 | Long             | DBT              | CORP              | US        |    497000 | PA      | $380053.96    | 0.03%             | 2028-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Getty Images Inc                                           | Getty Images Inc                                                                 | CUSIP: 374276AJ2<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |    408000 | PA      | $400691.41    | 0.04%             | 2027-03-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OP LLC                                     | Clearway Energy Operating LLC                                                    | CUSIP: 18539UAC9<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |    529000 | PA      | $517238.48    | 0.05%             | 2028-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                   | Builders FirstSource Inc                                                         | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    630000 | PA      | $628476.22    | 0.06%             | 2034-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| HUSKY INJECTION / TITAN                                    | Husky Injection Molding Systems Ltd / Titan Co-Borrower LLC                      | CUSIP: 44805RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    494000 | PA      | $505489.95    | 0.05%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| RAND PARENT LLC                                            | Rand Parent LLC                                                                  | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    781000 | PA      | $770257.39    | 0.07%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| HUDBAY MINERALS INC                                        | Hudbay Minerals Inc                                                              | CUSIP: 443628AH5<br>LEI: 549300WI524AL577IX21 | Long             | DBT              | CORP              | CA        |    412000 | PA      | $413354.24    | 0.04%             | 2029-04-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                                 | Viasat Inc                                                                       | CUSIP: 92552VAL4<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |    862000 | PA      | $849555.31    | 0.08%             | 2027-04-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                           | MGM Resorts International                                                        | CUSIP: 552953CD1<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    462000 | PA      | $460348.67    | 0.04%             | 2026-09-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                           | CSC Holdings LLC                                                                 | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    576000 | PA      | $570437.05    | 0.05%             | 2028-05-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST                                   | Fortress Transportation and Infrastructure Investors LLC                         | CUSIP: 34960PAH4<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144950.07    | 0.01%             | 2033-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VF CORP                                                    | VF Corp                                                                          | CUSIP: 918204BB3<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |    409000 | PA      | $384872.93    | 0.03%             | 2027-04-23      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| SOTHEBY'S                                                  | Sotheby's                                                                        | CUSIP: 835898AH0<br>LEI: 549300P5BAAMQQ7VL735 | Long             | DBT              | CORP              | US        |    651000 | PA      | $644299.52    | 0.06%             | 2027-10-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC                                     | Penn Entertainment Inc                                                           | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    293000 | PA      | $261996.94    | 0.02%             | 2029-07-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                                     | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAN7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    702000 | PA      | $700805.76    | 0.06%             | 2028-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KRONOS ACQUISITION HOLDI                                   | Kronos Acquisition Holdings Inc                                                  | CUSIP: 50106GAJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    362000 | PA      | $242249.93    | 0.02%             | 2032-06-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| MIWD HLDCO II/MIWD FIN                                     | MIWD Holdco II LLC / MIWD Finance Corp                                           | CUSIP: 55337PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $647107.86    | 0.06%             | 2030-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DANA INC                                                   | Dana Inc                                                                         | CUSIP: 235825AF3<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    243000 | PA      | $242379.31    | 0.02%             | 2027-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CPI CG INC                                                 | CPI CG Inc                                                                       | CUSIP: 12598FAC3<br>LEI: 254900H3R50WH1B1LB48 | Long             | DBT              | CORP              | US        |    319000 | PA      | $338140.00    | 0.03%             | 2029-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ARCOSA INC                                                 | Arcosa Inc                                                                       | CUSIP: 039653AA8<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |    297000 | PA      | $283319.50    | 0.03%             | 2029-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MAGNOLIA OIL GAS/MAG FIN                                   | Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp               | CUSIP: 559665AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    268000 | PA      | $265624.90    | 0.02%             | 2032-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL AUTO HO/AAG FH UK                                   | Global Auto Holdings Ltd/AAG FH UK Ltd                                           | CUSIP: 00033YAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    428000 | PA      | $397385.16    | 0.04%             | 2029-08-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| FMC CORP                                                   | FMC Corp                                                                         | CUSIP: 302491AZ8<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |    500000 | PA      | $505412.50    | 0.05%             | 2055-11-01      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| DCLI BIDCO LLC                                             | Dcli Bidco LLC                                                                   | CUSIP: 233104AA6<br>LEI: 2549007UUVJTHHNK9T70 | Long             | DBT              | CORP              | US        |    393000 | PA      | $396379.41    | 0.04%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NOBLE FINANCE II LLC                                       | Noble Finance II LLC                                                             | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    775000 | PA      | $772845.50    | 0.07%             | 2030-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                                   | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    326000 | PA      | $324645.47    | 0.03%             | 2026-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                        | Station Casinos LLC                                                              | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    539000 | PA      | $493753.86    | 0.04%             | 2031-12-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                                   | Sinclair Television Group Inc                                                    | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    522000 | PA      | $522715.14    | 0.05%             | 2033-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                     | Standard Chartered PLC                                                           | CUSIP: 853254AB6<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $615705.60    | 0.06%             | N/A             | Fixed         | 7.01%                 | No            |                  2 | On Loan: No      |
| GATES CORPORATION/DE                                       | Gates Corp/DE                                                                    | CUSIP: 367398AA2<br>LEI: 984500F43C791F4C7894 | Long             | DBT              | CORP              | US        |    256000 | PA      | $262658.33    | 0.02%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                                     | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BG5<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    770000 | PA      | $759894.91    | 0.07%             | 2027-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE                                     | Ardonagh Group Finance Ltd                                                       | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |   1287000 | PA      | $1330969.07   | 0.12%             | 2032-02-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                     | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1576000 | PA      | $1478809.34   | 0.13%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KONTOOR BRANDS INC                                         | Kontoor Brands Inc                                                               | CUSIP: 50050NAA1<br>LEI: 549300M0CPXV65RFF271 | Long             | DBT              | CORP              | US        |    330000 | PA      | $304048.57    | 0.03%             | 2029-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| API GROUP DE INC                                           | APi Group DE Inc                                                                 | CUSIP: 001877AA7<br>LEI: 549300XP4G7B4QYA0G83 | Long             | DBT              | CORP              | US        |    286000 | PA      | $270767.24    | 0.02%             | 2029-07-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CLEARWATER PAPER CORP                                      | Clearwater Paper Corp                                                            | CUSIP: 18538RAJ2<br>LEI: 549300HCVV19GXN4P292 | Long             | DBT              | CORP              | US        |    302000 | PA      | $289183.12    | 0.03%             | 2028-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ZEGONA FINANCE PLC                                         | Zegona Finance PLC                                                               | CUSIP: 98927UAA5<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |    640000 | PA      | $684000.00    | 0.06%             | 2029-07-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| SIMMONS FOOD INC/SIMMONS                                   | Simmons Foods Inc/Simmons Prepared Foods Inc/Simmons Pet Food Inc/Simmons Feed   | CUSIP: 82873MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    629000 | PA      | $586842.41    | 0.05%             | 2029-03-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                                             | Owens-Brockway Glass Container Inc                                               | CUSIP: 69073TAV5<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |    309000 | PA      | $307899.93    | 0.03%             | 2032-06-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| KEN GARFF AUTOMOTIVE LLC                                   | Ken Garff Automotive LLC                                                         | CUSIP: 48850PAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    373000 | PA      | $363035.01    | 0.03%             | 2028-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                     | Match Group Holdings II LLC                                                      | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    400000 | PA      | $387938.28    | 0.03%             | 2028-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                   | Rogers Communications Inc                                                        | CUSIP: 775109BS9<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    947000 | PA      | $927171.63    | 0.08%             | 2082-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                                            | Yum! Brands Inc                                                                  | CUSIP: 988498AR2<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    949000 | PA      | $939056.64    | 0.08%             | 2032-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                       | Garda World Security Corp                                                        | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    800000 | PA      | $803268.80    | 0.07%             | 2032-11-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                             | Gray Media Inc                                                                   | CUSIP: 389375AL0<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    736000 | PA      | $534520.00    | 0.05%             | 2030-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                   | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    974000 | PA      | $994238.75    | 0.09%             | 2029-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| RADIATE HOLDCO / FINANCE                                   | Radiate Holdco LLC / Radiate Finance Inc                                         | CUSIP: 75026JAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    763000 | PA      | $501867.53    | 0.05%             | 2028-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| State Street Institutional US Government Money Market Fund | State Street Institutional US Government Money Market Fund                       | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |  19295805 | NS      | $19295805.00  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEMOURS CO                                                | Chemours Co/The                                                                  | CUSIP: 163851AH1<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    579000 | PA      | $474258.44    | 0.04%             | 2029-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                    | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1282000 | PA      | $1267912.04   | 0.11%             | 2031-09-30      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CTR PARTNERSHIP/CARETRST                                   | CTR Partnership LP / CareTrust Capital Corp                                      | CUSIP: 126458AE8<br>LEI: N/A                  | Long             | DBT              |  | US        |    522000 | PA      | $499139.48    | 0.04%             | 2028-06-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                   | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    646000 | PA      | $585892.48    | 0.05%             | 2034-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                                          | Iliad Holding SASU                                                               | CUSIP: 449691AC8<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    964000 | PA      | $980147.00    | 0.09%             | 2028-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                       | Edison International                                                             | CUSIP: 281020AX5<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    466000 | PA      | $461538.56    | 0.04%             | 2053-06-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: —       |
| NISSAN MOTOR ACCEPTANCE                                    | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 654740BT5<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    780000 | PA      | $714681.79    | 0.06%             | 2028-03-09      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| APH/APH2/APH3/AQUARIAN                                     | APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    607000 | PA      | $601057.57    | 0.05%             | 2029-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                                      | NGL Energy Operating LLC / NGL Energy Finance Corp                               | CUSIP: 62922LAC2<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |    706000 | PA      | $690850.31    | 0.06%             | 2029-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FIN                                    | Consolidated Energy Finance SA                                                   | CUSIP: 20914UAF3<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    459000 | PA      | $372865.30    | 0.03%             | 2028-10-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| TOPAZ SOLAR FARMS LLC                                      | Topaz Solar Farms LLC                                                            | CUSIP: 89054XAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    604912 | PA      | $576962.04    | 0.05%             | 2039-09-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                      | GFL Environmental Inc                                                            | CUSIP: 36168QAL8<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    637000 | PA      | $612853.81    | 0.06%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                        | Churchill Downs Inc                                                              | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    540000 | PA      | $550635.84    | 0.05%             | 2031-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TR                                     | Blackstone Mortgage Trust Inc                                                    | CUSIP: 09257WAD2<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              |  | US        |    464000 | PA      | $448240.47    | 0.04%             | 2027-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                          | Newell Brands Inc                                                                | CUSIP: 651229BD7<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    329000 | PA      | $318657.46    | 0.03%             | 2029-09-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| SELECT MEDICAL CORP                                        | Select Medical Corp                                                              | CUSIP: 816196AV1<br>LEI: 549300X05KS0JKR8CB50 | Long             | DBT              | CORP              | US        |    455000 | PA      | $451328.37    | 0.04%             | 2032-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BEAZER HOMES USA                                           | Beazer Homes USA Inc                                                             | CUSIP: 07556QBR5<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |    360000 | PA      | $356690.63    | 0.03%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                                   | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    551000 | PA      | $554283.96    | 0.05%             | 2032-09-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                     | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    989000 | PA      | $930217.80    | 0.08%             | 2029-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                                               | Magnera Corp                                                                     | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |    596000 | PA      | $545763.16    | 0.05%             | 2031-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BANIJAY ENTERTAINMENT                                      | Banijay Entertainment SAS                                                        | CUSIP: 060335AB2<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |    365000 | PA      | $379107.80    | 0.03%             | 2029-05-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                    | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAC9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    422000 | PA      | $401931.62    | 0.04%             | 2026-09-16      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                               | Navient Corp                                                                     | CUSIP: 63938CAK4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    500000 | PA      | $495229.05    | 0.04%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHOBANI LLC/FINANCE CORP                                   | Chobani LLC / Chobani Finance Corp Inc                                           | CUSIP: 17027NAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    693000 | PA      | $727522.49    | 0.07%             | 2029-07-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                                   | British Telecommunications PLC                                                   | CUSIP: 11102AAF8<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |    443000 | PA      | $431253.37    | 0.04%             | 2081-11-23      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ELASTIC NV                                                 | Elastic NV                                                                       | CUSIP: 28415LAA1<br>LEI: 2549003I48WHHH937I59 | Long             | DBT              | CORP              | NL        |    671000 | PA      | $629736.48    | 0.06%             | 2029-07-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                    | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BU5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    867000 | PA      | $879246.38    | 0.08%             | 2032-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                           | CSC Holdings LLC                                                                 | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1403000 | PA      | $1120673.89   | 0.10%             | 2029-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ZIGGO BV                                                   | Ziggo BV                                                                         | CUSIP: 98955DAA8<br>LEI: 213800TQASLF9JXH5J59 | Long             | DBT              | CORP              | NL        |    761000 | PA      | $695387.58    | 0.06%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                                   | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    444000 | PA      | $386748.42    | 0.03%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                    | ATI Inc                                                                          | CUSIP: 01741RAH5<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    289000 | PA      | $289189.40    | 0.03%             | 2027-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                              | TransDigm Inc                                                                    | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1227887.80   | 0.11%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Murphy Oil Corp                                            | Murphy Oil Corp                                                                  | CUSIP: 626717AG7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |    394000 | PA      | $305365.52    | 0.03%             | 2042-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd                                | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153AW2<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    649000 | PA      | $626645.68    | 0.06%             | 2028-03-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| STENA INTERNATIONAL SA                                     | Stena International SA                                                           | CUSIP: 85858EAD5<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |    793000 | PA      | $796517.75    | 0.07%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                                | Vistra Operations Co LLC                                                         | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    783000 | PA      | $781207.24    | 0.07%             | 2027-07-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                      | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAE7<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    475000 | PA      | $485787.73    | 0.04%             | 2030-11-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                      | Mineral Resources Ltd                                                            | CUSIP: 603051AD5<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    463000 | PA      | $459022.18    | 0.04%             | 2030-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd                                | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153AG7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    159000 | PA      | $167446.88    | 0.02%             | 2027-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ENPRO INC                                                  | Enpro Inc                                                                        | CUSIP: 29355XAH0<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100993.74    | 0.01%             | 2033-06-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                   | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    883000 | PA      | $781450.59    | 0.07%             | 2029-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| ADAPTHEALTH LLC                                            | AdaptHealth LLC                                                                  | CUSIP: 00653VAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    384000 | PA      | $380328.77    | 0.03%             | 2028-08-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO                                    | Central Garden & Pet Co                                                          | CUSIP: 153527AN6<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |    407000 | PA      | $376926.53    | 0.03%             | 2030-10-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                   | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 69867DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    271000 | PA      | $271226.07    | 0.02%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SNF GROUP SACA                                             | SNF Group SACA                                                                   | CUSIP: 7846ELAD9<br>LEI: 969500F7036FEDYPRV54 | Long             | DBT              | CORP              | FR        |    184000 | PA      | $176818.76    | 0.02%             | 2027-03-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                           | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    749000 | PA      | $755657.01    | 0.07%             | 2027-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                          | Service Corp International/US                                                    | CUSIP: 817565CG7<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    692000 | PA      | $638299.49    | 0.06%             | 2031-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                        | Medline Borrower LP                                                              | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   2256000 | PA      | $2206423.05   | 0.20%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                            | Sealed Air Corp                                                                  | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    309000 | PA      | $316709.86    | 0.03%             | 2032-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS                                      | Bread Financial Holdings Inc                                                     | CUSIP: 018581AP3<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |    750000 | PA      | $800348.25    | 0.07%             | 2029-03-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES DREDGE&DOCK                                    | Great Lakes Dredge & Dock Corp                                                   | CUSIP: 390607AF6<br>LEI: 549300H65E3MZ1CX0P05 | Long             | DBT              | CORP              | US        |    415000 | PA      | $389323.95    | 0.04%             | 2029-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNISYS CORP                                                | Unisys Corp                                                                      | CUSIP: 909214BV9<br>LEI: 549300T21W22FIJJOW08 | Long             | DBT              | CORP              | US        |    486000 | PA      | $484298.22    | 0.04%             | 2027-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                      | Level 3 Financing Inc                                                            | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    309000 | PA      | $255132.03    | 0.02%             | 2029-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                                   | Charles River Laboratories International Inc                                     | CUSIP: 159864AJ6<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    405000 | PA      | $363458.62    | 0.03%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EFESTO BIDCO SPA/US LLC                                    | EFESTO BIDCO SPA/US LLC                                                          | CUSIP: 28201XAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | IT        |    625000 | PA      | $629609.38    | 0.06%             | 2032-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GARRETT MOTION HLD/SARL                                    | Garrett Motion Holdings Inc / Garrett LX I Sarl                                  | CUSIP: 366504AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    593000 | PA      | $605654.03    | 0.05%             | 2032-05-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| WEEKLEY HOMES LLC/ FINAN                                   | Weekley Homes LLC / Weekley Finance Corp                                         | CUSIP: 948565AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    343000 | PA      | $329960.31    | 0.03%             | 2028-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL GAME TECH                                    | International Game Technology PLC                                                | CUSIP: 460599AD5<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |    564000 | PA      | $570429.60    | 0.05%             | 2027-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                                   | Standard Building Solutions Inc                                                  | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    654000 | PA      | $664628.81    | 0.06%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                                   | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAX1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    411000 | PA      | $413724.11    | 0.04%             | 2032-10-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                                   | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 74841CAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1049000 | PA      | $949853.87    | 0.09%             | 2031-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                      | Bausch Health Cos Inc                                                            | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   1322000 | PA      | $1080173.15   | 0.10%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AHEAD DB HOLDINGS LLC                                      | Ahead DB Holdings LLC                                                            | CUSIP: 00867FAA6<br>LEI: 254900L07WFL833JX193 | Long             | DBT              | CORP              | US        |    407000 | PA      | $401484.54    | 0.04%             | 2028-05-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| KBR INC                                                    | KBR Inc                                                                          | CUSIP: 48242WAC0<br>LEI: 254900OFQDXZRKRCV808 | Long             | DBT              | CORP              | US        |    195000 | PA      | $187551.98    | 0.02%             | 2028-09-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                    | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BK7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    916000 | PA      | $917403.17    | 0.08%             | 2027-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ADAMS HOMES INC                                            | Adams Homes Inc                                                                  | CUSIP: 00623PAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    449000 | PA      | $452795.85    | 0.04%             | 2028-10-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                                      | McGraw-Hill Education Inc                                                        | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    410000 | PA      | $422128.21    | 0.04%             | 2031-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| JAGUAR LAND ROVER AUTOMO                                   | Jaguar Land Rover Automotive PLC                                                 | CUSIP: 47010BAM6<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |    476000 | PA      | $469571.19    | 0.04%             | 2029-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                                       | RLJ Lodging Trust LP                                                             | CUSIP: 74965LAA9<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              |  | US        |    364000 | PA      | $358467.60    | 0.03%             | 2026-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TGNR INTERMEDIATE HOLDIN                                   | TGNR Intermediate Holdings LLC                                                   | CUSIP: 77289KAA3<br>LEI: 5493007AZNVKZ5HEMT23 | Long             | DBT              | CORP              | US        |    542000 | PA      | $512307.13    | 0.05%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EDGEWELL PERSONAL CARE                                     | Edgewell Personal Care Co                                                        | CUSIP: 28035QAB8<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |    444000 | PA      | $415790.10    | 0.04%             | 2029-04-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                      | Level 3 Financing Inc                                                            | CUSIP: 527298BU6<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    744000 | PA      | $815610.00    | 0.07%             | 2030-05-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY                                    | JetBlue Airways Corp / JetBlue Loyalty LP                                        | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1529000 | PA      | $1513497.04   | 0.14%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE                                             | Hertz Corp/The                                                                   | CUSIP: 428040DC0<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    929000 | PA      | $946848.88    | 0.09%             | 2029-07-15      | Fixed         | 12.63%                | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                      | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    726000 | PA      | $658827.36    | 0.06%             | 2030-06-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Macy's Retail Holdings Inc                                 | Macy's Retail Holdings LLC                                                       | CUSIP: 55616XAM9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    297000 | PA      | $232471.14    | 0.02%             | 2034-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CENTURY COMMUNITIES                                        | Century Communities Inc                                                          | CUSIP: 156504AL6<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |    680000 | PA      | $680467.57    | 0.06%             | 2027-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                               | Fibercop SpA                                                                     | CUSIP: 683879AF7<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    474000 | PA      | $458595.00    | 0.04%             | 2036-07-18      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| IQVIA Inc                                                  | IQVIA Inc                                                                        | CUSIP: 449934AD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    729000 | PA      | $727143.75    | 0.07%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                   | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBG4<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1533000 | PA      | $1511525.12   | 0.14%             | 2027-03-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                           | CSC Holdings LLC                                                                 | CUSIP: 126307AS6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    664000 | PA      | $606173.63    | 0.05%             | 2028-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL USA INC                                         | Murphy Oil USA Inc                                                               | CUSIP: 626738AF5<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |    757000 | PA      | $686772.05    | 0.06%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/VM HOLDS                                    | VistaJet Malta Finance PLC / Vista Management Holding Inc                        | CUSIP: 92840JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    441000 | PA      | $432126.51    | 0.04%             | 2027-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| SCIL IV LLC / SCIL USA H                                   | SCIL IV LLC / SCIL USA Holdings LLC                                              | CUSIP: 78397UAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    444000 | PA      | $442053.45    | 0.04%             | 2026-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                                    | SBA Communications Corp                                                          | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              |  | US        |   1515000 | PA      | $1410618.62   | 0.13%             | 2029-02-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| B&G FOODS INC                                              | B&G Foods Inc                                                                    | CUSIP: 05508WAC9<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |    761000 | PA      | $718149.84    | 0.06%             | 2028-09-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE                                   | Hudson Pacific Properties LP                                                     | CUSIP: 44409MAD8<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              |  | US        |    432000 | PA      | $371954.24    | 0.03%             | 2028-02-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                                   | Standard Industries Inc/NY                                                       | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    802000 | PA      | $710270.69    | 0.06%             | 2031-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN TITAN FIN LTD                                   | Transocean Titan Financing Ltd                                                   | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    400810 | PA      | $407341.55    | 0.04%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| VORNADO REALTY LP                                          | Vornado Realty LP                                                                | CUSIP: 929043AK3<br>LEI: 549300BMOJ05INE4YK86 | Long             | DBT              |  | US        |    194000 | PA      | $187631.96    | 0.02%             | 2026-06-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| SHEA HOMES LP/FNDG CP                                      | Shea Homes LP / Shea Homes Funding Corp                                          | CUSIP: 82088KAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    277000 | PA      | $265615.99    | 0.02%             | 2029-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                      | Level 3 Financing Inc                                                            | CUSIP: 527298CB7<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    494000 | PA      | $451137.37    | 0.04%             | 2029-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| TMS INTERNATIONAL CORP                                     | TMS International Corp/DE                                                        | CUSIP: 87261QAC7<br>LEI: 549300L4K0F1YF8WKF23 | Long             | DBT              | CORP              | US        |    353000 | PA      | $329592.01    | 0.03%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VF CORP                                                    | VF Corp                                                                          | CUSIP: 918204AR9<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |    392000 | PA      | $351827.88    | 0.03%             | 2033-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                             | NRG Energy Inc                                                                   | CUSIP: 629377CS9<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    548000 | PA      | $495806.23    | 0.04%             | 2032-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMED                                   | AmeriTex HoldCo Intermediate LLC                                                 | CUSIP: 030727AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    451000 | PA      | $479090.08    | 0.04%             | 2028-10-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                                    | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $321265.62    | 0.03%             | 2027-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BRAND INDUSTRIAL SERVICE                                   | Brand Industrial Services Inc                                                    | CUSIP: 104931AA8<br>LEI: 549300B658W2BPDQMW42 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1032902.86   | 0.09%             | 2030-08-01      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| COMMERCIAL METALS CO                                       | Commercial Metals Co                                                             | CUSIP: 201723AQ6<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |    334000 | PA      | $314861.33    | 0.03%             | 2030-01-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| TITAN INTERNATIONAL INC                                    | Titan International Inc                                                          | CUSIP: 88830MAM4<br>LEI: 254900CXRGBE7C4B5A06 | Long             | DBT              | CORP              | US        |    484000 | PA      | $475689.19    | 0.04%             | 2028-04-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ODEON FINCO PLC                                            | Odeon Finco PLC                                                                  | CUSIP: 67585LAA3<br>LEI: 9845003ECF9901CC5382 | Long             | DBT              | CORP              | GB        |    383000 | PA      | $396695.31    | 0.04%             | 2027-11-01      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                      | Tenet Healthcare Corp                                                            | CUSIP: 88033GDH0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    785000 | PA      | $770243.61    | 0.07%             | 2028-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SPEEDWAY MOT/SPEEDWAY FD                                   | Speedway Motorsports LLC / Speedway Funding II Inc                               | CUSIP: 84779MAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    552000 | PA      | $542710.45    | 0.05%             | 2027-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FORTREA HOLDINGS INC                                       | Fortrea Holdings Inc                                                             | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |    505000 | PA      | $421603.69    | 0.04%             | 2030-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| SEADRILL FINANCE LTD                                       | Seadrill Finance Ltd                                                             | CUSIP: 81172QAA2<br>LEI: 213800WMN3OHFUDHD642 | Long             | DBT              | CORP              | BM        |    547000 | PA      | $536381.96    | 0.05%             | 2030-08-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                              | Carnival Corp                                                                    | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   1545000 | PA      | $1549780.89   | 0.14%             | 2033-02-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                       | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    622000 | PA      | $559946.54    | 0.05%             | 2031-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Darling Ingredients Inc                                    | Darling Ingredients Inc                                                          | CUSIP: 237266AH4<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |    520000 | PA      | $516734.61    | 0.05%             | 2027-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GRAHAM PACKAGING/GPC CAP                                   | Graham Packaging Co Inc                                                          | CUSIP: 384701AA6<br>LEI: 549300YS0ZFT826HIK72 | Long             | DBT              | CORP              | US        |    591000 | PA      | $580776.76    | 0.05%             | 2028-08-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                  | Block Inc                                                                        | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   1516000 | PA      | $1550279.79   | 0.14%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| COGENT COMMS GRP / FIN                                     | Cogent Communications Group Inc / Cogent Communications Finance Inc              | CUSIP: 19240WAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    414000 | PA      | $416878.54    | 0.04%             | 2027-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                       | Garda World Security Corp                                                        | CUSIP: 36485MAN9<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    715000 | PA      | $712552.77    | 0.06%             | 2032-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| HELIOS SOFT/ION CORP SOL                                   | Helios Software Holdings Inc / ION Corporate Solutions Finance Sarl              | CUSIP: 42329HAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    481000 | PA      | $458511.90    | 0.04%             | 2028-05-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FIN                                    | Consolidated Energy Finance SA                                                   | CUSIP: 20914UAH9<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    501000 | PA      | $459594.55    | 0.04%             | 2031-02-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                                   | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc        | CUSIP: 43283QAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    726000 | PA      | $725535.20    | 0.07%             | 2032-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| THOR INDUSTRIES                                            | Thor Industries Inc                                                              | CUSIP: 885160AA9<br>LEI: 254900XZO1228PDSG060 | Long             | DBT              | CORP              | US        |    478000 | PA      | $442439.52    | 0.04%             | 2029-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESOR                                   | Marriott Ownership Resorts Inc                                                   | CUSIP: 57164PAH9<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |    343000 | PA      | $322263.42    | 0.03%             | 2029-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| CORONADO FINANCE PTY LTD                                   | Coronado Finance Pty Ltd                                                         | CUSIP: 21979LAB2<br>LEI: 549300NS5FS0W548RE27 | Long             | DBT              | CORP              | AU        |    361000 | PA      | $268655.01    | 0.02%             | 2029-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                                               | Magnera Corp                                                                     | CUSIP: 377320AA4<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |    325000 | PA      | $275812.62    | 0.02%             | 2029-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                                     | Northern Oil & Gas Inc                                                           | CUSIP: 665530AB7<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    537000 | PA      | $541952.21    | 0.05%             | 2031-06-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| EXCELERATE ENERGY LP                                       | Excelerate Energy LP                                                             | CUSIP: 30069UAA6<br>LEI: LGL4IE90TNTFYJ55BK06 | Long             | DBT              | CORP              | US        |    626000 | PA      | $648524.35    | 0.06%             | 2030-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                                        | Clarivate Science Holdings Corp                                                  | CUSIP: 18064PAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1248000 | PA      | $1189375.45   | 0.11%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                         | Advance Auto Parts Inc                                                           | CUSIP: 00751YAJ5<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    400000 | PA      | $406976.00    | 0.04%             | 2028-03-09      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| H&E EQUIPMENT SERVICES                                     | H&E Equipment Services Inc                                                       | CUSIP: 404030AJ7<br>LEI: 254900KVLRCDMQRYY541 | Long             | DBT              | CORP              | US        |    631000 | PA      | $636236.67    | 0.06%             | 2028-12-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                                      | Hightower Holding LLC                                                            | CUSIP: 43118DAB6<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |    283000 | PA      | $294807.52    | 0.03%             | 2030-01-31      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                                   | Charles River Laboratories International Inc                                     | CUSIP: 159864AE7<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    548000 | PA      | $526697.82    | 0.05%             | 2028-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TELEFLEX INC                                               | Teleflex Inc                                                                     | CUSIP: 879369AG1<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | DBT              | CORP              | US        |    415000 | PA      | $401088.58    | 0.04%             | 2028-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T                                   | Diversified Healthcare Trust                                                     | CUSIP: 81721MAM1<br>LEI: N/A                  | Long             | DBT              |  | US        |    514000 | PA      | $473508.83    | 0.04%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST                                   | Fortress Transportation and Infrastructure Investors LLC                         | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    748000 | PA      | $742309.59    | 0.07%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                      | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAB3<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    768000 | PA      | $729674.57    | 0.07%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                                   | Live Nation Entertainment Inc                                                    | CUSIP: 538034AV1<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    576000 | PA      | $583255.87    | 0.05%             | 2027-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                   | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBL3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    981000 | PA      | $758772.99    | 0.07%             | 2030-04-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                   | Hess Midstream Operations LP                                                     | CUSIP: 428104AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    444000 | PA      | $438423.18    | 0.04%             | 2028-06-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc                                          | Newell Brands Inc                                                                | CUSIP: 651229AY2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    662000 | PA      | $539274.47    | 0.05%             | 2046-04-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                              | ZF North America Capital Inc                                                     | CUSIP: 98877DAE5<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    440000 | PA      | $424612.45    | 0.04%             | 2030-04-14      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| COBRA ACQUISITIONCO LLC                                    | Cobra AcquisitionCo LLC                                                          | CUSIP: 19106CAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $204181.18    | 0.02%             | 2029-11-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                      | Directv Financing LLC                                                            | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    722000 | PA      | $711894.61    | 0.06%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                   | Vistra Operations Co LLC                                                         | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    946000 | PA      | $945964.53    | 0.09%             | 2027-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| INSTALLED BUILDING PRODU                                   | Installed Building Products Inc                                                  | CUSIP: 45780RAA9<br>LEI: 549300I95Y9P9YM5FI86 | Long             | DBT              | CORP              | US        |    281000 | PA      | $280157.14    | 0.03%             | 2028-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CRANE NXT CO                                               | Crane NXT Co                                                                     | CUSIP: 224399AT2<br>LEI: 549300EXNPSXEWUD3N21 | Long             | DBT              | CORP              | US        |    289000 | PA      | $173075.45    | 0.02%             | 2048-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| FIVE POINT OP CO LP/FIVE                                   | Five Point Operating Co LP / Five Point Capital Corp                             | CUSIP: 33834YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    483989 | PA      | $493271.81    | 0.04%             | 2028-01-15      | Variable      | 10.50%                | No            |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP                                         | Baytex Energy Corp                                                               | CUSIP: 07317QAJ4<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |    598000 | PA      | $580006.84    | 0.05%             | 2030-04-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                   | Hess Midstream Operations LP                                                     | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    502000 | PA      | $496663.76    | 0.04%             | 2030-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                                    | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    580000 | PA      | $547401.39    | 0.05%             | 2029-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                                 | Grifols SA                                                                       | CUSIP: 39843UAA0<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    654000 | PA      | $622572.10    | 0.06%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                                   | LCM Investments Holdings II LLC                                                  | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    637000 | PA      | $675888.21    | 0.06%             | 2031-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                                           | Vital Energy Inc                                                                 | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    830000 | PA      | $673928.71    | 0.06%             | 2032-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| GLOBAL ATLANTIC FIN CO                                     | Global Atlantic Fin Co                                                           | CUSIP: 37959GAG2<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    561000 | PA      | $576921.18    | 0.05%             | 2054-10-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                     | Match Group Holdings II LLC                                                      | CUSIP: 57665RAL0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    471000 | PA      | $435044.75    | 0.04%             | 2030-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                                          | Nexstar Media Inc                                                                | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   1362000 | PA      | $1311283.48   | 0.12%             | 2028-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| AVIS BUDGET CAR/FINANCE                                    | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    366000 | PA      | $350853.47    | 0.03%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Steel Corp                                   | United States Steel Corp                                                         | CUSIP: 912909AD0<br>LEI: JNLUVFYJT1OZSIQ24U47 | Long             | DBT              | CORP              | US        |    334000 | PA      | $346212.71    | 0.03%             | 2037-06-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                     | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 01309QAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    725000 | PA      | $736779.08    | 0.07%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ENCINO ACQUISITION PARTN                                   | Encino Acquisition Partners Holdings LLC                                         | CUSIP: 29254BAB3<br>LEI: 549300BUKUEKT2UE4T49 | Long             | DBT              | CORP              | US        |    373000 | PA      | $407687.88    | 0.04%             | 2031-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY INC                                           | Viper Energy Inc                                                                 | CUSIP: 92763MAB1<br>LEI: 5299009LINL232255G03 | Long             | DBT              | CORP              | US        |    485000 | PA      | $508901.29    | 0.05%             | 2031-11-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                                       | Pilgrim's Pride Corp                                                             | CUSIP: 72147KAL2<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    538000 | PA      | $580399.78    | 0.05%             | 2034-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                                          | Nexstar Media Inc                                                                | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    832000 | PA      | $829193.08    | 0.07%             | 2027-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA RESOURCES CRP                                   | California Resources Corp                                                        | CUSIP: 13057QAK3<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |    737000 | PA      | $739036.33    | 0.07%             | 2029-06-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| KB Home                                                    | KB Home                                                                          | CUSIP: 48666KAX7<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |    212000 | PA      | $217772.55    | 0.02%             | 2027-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                      | GFL Environmental Inc                                                            | CUSIP: 36168QAN4<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    643000 | PA      | $627730.16    | 0.06%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                      | Tenet Healthcare Corp                                                            | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1497000 | PA      | $1500178.13   | 0.14%             | 2028-10-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| PRECISION DRILLING CORP                                    | Precision Drilling Corp                                                          | CUSIP: 740212AM7<br>LEI: 549300WF2OE8T5BP4B84 | Long             | DBT              | CORP              | CA        |    335000 | PA      | $322018.11    | 0.03%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                                        | Travel + Leisure Co                                                              | CUSIP: 98310WAS7<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    295000 | PA      | $298228.48    | 0.03%             | 2026-07-31      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                    | Starwood Property Trust Inc                                                      | CUSIP: 85571BAU9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    464000 | PA      | $453392.12    | 0.04%             | 2026-07-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| GRAFTECH FINANCE INC                                       | GrafTech Finance Inc                                                             | CUSIP: 384311AC0<br>LEI: 1Z010BU876CF2HDBIN43 | Long             | DBT              | CORP              | US        |    431000 | PA      | $271094.69    | 0.02%             | 2029-12-23      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| STONEX GROUP INC                                           | StoneX Group Inc                                                                 | CUSIP: 861896AA6<br>LEI: 549300JUF07L8VF02M60 | Long             | DBT              | CORP              | US        |    302000 | PA      | $318300.15    | 0.03%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                                       | RLJ Lodging Trust LP                                                             | CUSIP: 74965LAB7<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              |  | US        |    531000 | PA      | $485969.87    | 0.04%             | 2029-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                                    | Zayo Group Holdings Inc                                                          | CUSIP: 98919VAB1<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |   1134000 | PA      | $978919.89    | 0.09%             | 2028-03-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ACUSHNET CO                                                | Acushnet Co                                                                      | CUSIP: 005095AA2<br>LEI: 549300H805O14KEFES79 | Long             | DBT              | CORP              | US        |    346000 | PA      | $358866.70    | 0.03%             | 2028-10-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| TRINET GROUP INC                                           | TriNet Group Inc                                                                 | CUSIP: 896288AC1<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |    325000 | PA      | $335285.60    | 0.03%             | 2031-08-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                      | Mineral Resources Ltd                                                            | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    925000 | PA      | $944925.43    | 0.09%             | 2028-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                                      | Bath & Body Works Inc                                                            | CUSIP: 501797AR5<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    840000 | PA      | $864143.28    | 0.08%             | 2029-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                                     | Lumen Technologies Inc                                                           | CUSIP: 550241AC7<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    593000 | PA      | $578916.25    | 0.05%             | 2030-04-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CONSENSUS CLOUD SOLUTION                                   | Consensus Cloud Solutions Inc                                                    | CUSIP: 20848VAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    487000 | PA      | $484107.03    | 0.04%             | 2028-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                                       | Taylor Morrison Communities Inc                                                  | CUSIP: 87724RAJ1<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    354000 | PA      | $345400.38    | 0.03%             | 2030-08-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                 | DaVita Inc                                                                       | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   1570000 | PA      | $1468053.46   | 0.13%             | 2030-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| TRIMAS CORP                                                | TriMas Corp                                                                      | CUSIP: 896215AH3<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | DBT              | CORP              | US        |    358000 | PA      | $337274.52    | 0.03%             | 2029-04-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CARRIAGE SERVICES INC                                      | Carriage Services Inc                                                            | CUSIP: 143905AP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    301000 | PA      | $281896.67    | 0.03%             | 2029-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                   | Snap Inc                                                                         | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1287698.72   | 0.12%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LIONS GATE CAPITAL HOLD                                    | Starz Capital Holdings LLC                                                       | CUSIP: 53627NAE1<br>LEI: 549300MWJHNLR35C0837 | Long             | DBT              | CORP              | US        |    267000 | PA      | $216005.67    | 0.02%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                          | Post Holdings Inc                                                                | CUSIP: 737446AP9<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    989000 | PA      | $977787.71    | 0.09%             | 2029-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                               | Entegris Inc                                                                     | CUSIP: 29362UAC8<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    372000 | PA      | $359475.62    | 0.03%             | 2028-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                                        | Travel + Leisure Co                                                              | CUSIP: 98310WAQ1<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    384000 | PA      | $362990.63    | 0.03%             | 2030-03-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NCL FINANCE LTD                                            | NCL Finance Ltd                                                                  | CUSIP: 62888HAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    318000 | PA      | $320221.55    | 0.03%             | 2028-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                  | Sunoco LP                                                                        | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    616000 | PA      | $640880.24    | 0.06%             | 2032-05-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SNF GROUP SACA                                             | SNF Group SACA                                                                   | CUSIP: 7846ELAE7<br>LEI: 969500F7036FEDYPRV54 | Long             | DBT              | CORP              | FR        |    491000 | PA      | $448901.91    | 0.04%             | 2030-03-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Spirit AeroSystems Inc                                     | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAK6<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    462000 | PA      | $450814.24    | 0.04%             | 2028-06-15      | Fixed         | 4.60%                 | 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        |    600000 | PA      | $618951.60    | 0.06%             | 2031-05-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                              | TransDigm Inc                                                                    | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1728000 | PA      | $1760144.26   | 0.16%             | 2028-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                    | Starwood Property Trust Inc                                                      | CUSIP: 85571BBC8<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    324000 | PA      | $323292.93    | 0.03%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| IMOLA MERGER CORP                                          | Imola Merger Corp                                                                | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1347000 | PA      | $1291522.86   | 0.12%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                             | Transocean Inc                                                                   | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |    460000 | PA      | $466695.30    | 0.04%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| MOTION BONDCO DAC                                          | Motion Bondco DAC                                                                | CUSIP: 61978XAA5<br>LEI: 635400KFD3IETNQLA755 | Long             | DBT              | CORP              | IE        |    620000 | PA      | $586437.66    | 0.05%             | 2027-11-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ENERFLEX LTD                                               | Enerflex Ltd                                                                     | CUSIP: 29269RAA3<br>LEI: 54930014N7872VUS3F89 | Long             | DBT              | CORP              | CA        |    494000 | PA      | $509281.40    | 0.05%             | 2027-10-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN                                   | Raven Acquisition Holdings LLC                                                   | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    943000 | PA      | $941077.98    | 0.08%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                       | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AN1<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    615000 | PA      | $552868.62    | 0.05%             | 2030-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ANYWHERE REAL EST/CO-ISS                                   | Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp                         | CUSIP: 75606DAS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    555000 | PA      | $507490.72    | 0.05%             | 2030-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| GOODYEAR TIRE & RUBBER                                     | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BR1<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    564000 | PA      | $526699.52    | 0.05%             | 2031-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| YUM! BRANDS INC                                            | Yum! Brands Inc                                                                  | CUSIP: 988498AL5<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    626000 | PA      | $612796.47    | 0.06%             | 2030-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WEX INC                                                    | WEX Inc                                                                          | CUSIP: 96208TAD6<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | DBT              | CORP              | US        |    646000 | PA      | $639515.40    | 0.06%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                           | CSC Holdings LLC                                                                 | CUSIP: 126307BF3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $767356.20    | 0.07%             | 2031-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| H.B. FULLER CO                                             | HB Fuller Co                                                                     | CUSIP: 359694AB2<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | DBT              | CORP              | US        |    414000 | PA      | $407230.85    | 0.04%             | 2027-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                                           | DT Midstream Inc                                                                 | CUSIP: 23345MAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    785000 | PA      | $733675.52    | 0.07%             | 2031-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| WERNER FINCO LP/INC                                        | Werner FinCo LP / Werner FinCo Inc                                               | CUSIP: 95076PAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    529000 | PA      | $575948.78    | 0.05%             | 2028-06-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                          | Clean Harbors Inc                                                                | CUSIP: 184496AQ0<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |    461000 | PA      | $469409.10    | 0.04%             | 2031-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                   | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1337000 | PA      | $1368378.05   | 0.12%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Allison Transmission Inc                                   | Allison Transmission Inc                                                         | CUSIP: 019736AF4<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    487000 | PA      | $489274.29    | 0.04%             | 2029-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PREMIER ENTERTAINMENT SU                                   | Premier Entertainment Sub LLC / Premier Entertainment Finance Corp               | CUSIP: 74052HAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    463000 | PA      | $276063.75    | 0.02%             | 2031-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                   | Hess Midstream Operations LP                                                     | CUSIP: 428102AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    797000 | PA      | $760299.50    | 0.07%             | 2030-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                                             | Owens-Brockway Glass Container Inc                                               | CUSIP: 69073TAT0<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |    554000 | PA      | $554649.84    | 0.05%             | 2027-05-13      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                          | Service Corp International/US                                                    | CUSIP: 817565CD4<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    340000 | PA      | $335064.22    | 0.03%             | 2027-12-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| STAR LEASING CO LLC                                        | Star Leasing Co LLC                                                              | CUSIP: 854938AA5<br>LEI: 549300WXKNX4PT3HSN71 | Long             | DBT              | CORP              | US        |    647000 | PA      | $609252.47    | 0.05%             | 2030-02-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                                           | Arches Buyer Inc                                                                 | CUSIP: 039524AA1<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |    541000 | PA      | $509993.07    | 0.05%             | 2028-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY                                    | Howard Midstream Energy Partners LLC                                             | CUSIP: 442722AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    327000 | PA      | $342245.07    | 0.03%             | 2028-07-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| ONESKY FLIGHT LLC                                          | OneSky Flight LLC                                                                | CUSIP: 000000000<br>LEI: 549300PM6NEPXGG5B882 | Long             | DBT              | CORP              | US        |    529000 | PA      | $533781.63    | 0.05%             | 2029-12-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                            | Madison IAQ LLC                                                                  | CUSIP: 55760LAA5<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    484000 | PA      | $466168.81    | 0.04%             | 2028-06-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                                | Vistra Operations Co LLC                                                         | CUSIP: 92840VAA0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    913000 | PA      | $914403.28    | 0.08%             | 2026-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                                      | Freedom Mortgage Corp                                                            | CUSIP: 35640YAH0<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    648000 | PA      | $647408.20    | 0.06%             | 2026-05-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                     | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    630000 | PA      | $624262.97    | 0.06%             | 2027-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                     | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2232000 | PA      | $2045799.17   | 0.18%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                           | Lamar Media Corp                                                                 | CUSIP: 513075BZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    602000 | PA      | $547339.36    | 0.05%             | 2031-01-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| CARPENTER TECHNOLOGY                                       | Carpenter Technology Corp                                                        | CUSIP: 144285AM5<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |    300000 | PA      | $309596.40    | 0.03%             | 2030-03-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Toledo Hospital/The                                        | Toledo Hospital/The                                                              | CUSIP: 889184AE7<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |    456000 | PA      | $401850.00    | 0.04%             | 2048-11-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL ENTERTAINMENT                                    | Universal Entertainment Corp                                                     | CUSIP: 91349WAC2<br>LEI: 353800BBJTHSMSQ31V91 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $194861.92    | 0.02%             | 2029-08-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: —       |
| CNTRL PARENT/CDK GLB INC                                   | Central Parent Inc / CDK Global Inc                                              | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    588000 | PA      | $521423.46    | 0.05%             | 2029-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                                   | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 29103CAA6<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |   1956000 | PA      | $1978227.18   | 0.18%             | 2030-12-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                                   | Sensata Technologies Inc                                                         | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    655000 | PA      | $582293.49    | 0.05%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                                   | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622FAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    716000 | PA      | $666999.24    | 0.06%             | 2034-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                      | American Airlines Inc                                                            | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    837000 | PA      | $867751.38    | 0.08%             | 2029-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                             | NRG Energy Inc                                                                   | CUSIP: 629377CQ3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    477000 | PA      | $445964.33    | 0.04%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                                     | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    999000 | PA      | $887354.56    | 0.08%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                           | AmWINS Group Inc                                                                 | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    681000 | PA      | $652899.01    | 0.06%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANC                                           | Credit Acceptance Corp                                                           | CUSIP: 225310AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    362000 | PA      | $383502.08    | 0.03%             | 2028-12-15      | Fixed         | 9.25%                 | 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        |    657000 | PA      | $623320.14    | 0.06%             | 2030-03-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                                        | Rocket Software Inc                                                              | CUSIP: 77314EAA6<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    498000 | PA      | $483999.83    | 0.04%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Aramark Services Inc                                       | Aramark Services Inc                                                             | CUSIP: 038522AQ1<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |    941000 | PA      | $931940.90    | 0.08%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                     | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    770000 | PA      | $808342.15    | 0.07%             | 2033-03-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: —       |
| LEVEL 3 FINANCING INC                                      | Level 3 Financing Inc                                                            | CUSIP: 527298BS1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    273000 | PA      | $227954.99    | 0.02%             | 2029-01-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: —       |
| HESS MIDSTREAM OPERATION                                   | Hess Midstream Operations LP                                                     | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    712000 | PA      | $727320.82    | 0.07%             | 2029-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                             | Open Text Corp                                                                   | CUSIP: 683715AC0<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |    949000 | PA      | $909884.40    | 0.08%             | 2028-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                   | Service Properties Trust                                                         | CUSIP: 44106MBB7<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    418000 | PA      | $349584.90    | 0.03%             | 2029-10-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| TRANSMONTAIGNE PARTNERS                                    | TransMontaigne Partners LLC                                                      | CUSIP: 89377AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    443000 | PA      | $452598.04    | 0.04%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TransAlta Corp                                             | TransAlta Corp                                                                   | CUSIP: 89346DAE7<br>LEI: 984500EE2ADD850F1C96 | Long             | DBT              | CORP              | CA        |    327000 | PA      | $298314.35    | 0.03%             | 2040-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STL HOLDING CO LLC                                         | STL Holding Co LLC                                                               | CUSIP: 861036AB7<br>LEI: 984500BC2I63E7F48656 | Long             | DBT              | CORP              | US        |    301000 | PA      | $315562.68    | 0.03%             | 2029-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CERDIA FINANZ GMBH                                         | Cerdia Finanz GmbH                                                               | CUSIP: 15679GAC6<br>LEI: 391200KURNDJSX9GX570 | Long             | DBT              | CORP              | DE        |    677000 | PA      | $697326.24    | 0.06%             | 2031-10-03      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                               | Navient Corp                                                                     | CUSIP: 63938CAM0<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    471000 | PA      | $453516.95    | 0.04%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Whirlpool Corp                                             | Whirlpool Corp                                                                   | CUSIP: 963320AW6<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    550000 | PA      | $533698.74    | 0.05%             | 2029-02-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Perrigo Finance Unlimited Co                               | Perrigo Finance Unlimited Co                                                     | CUSIP: 714295AA0<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |    387000 | PA      | $301505.86    | 0.03%             | 2044-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                                     | Lumen Technologies Inc                                                           | CUSIP: 550241AK9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    364900 | PA      | $374697.57    | 0.03%             | 2032-10-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                             | NRG Energy Inc                                                                   | CUSIP: 629377CH3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    556000 | PA      | $549801.10    | 0.05%             | 2029-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                                    | Talen Energy Supply LLC                                                          | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |   1070000 | PA      | $1143377.28   | 0.10%             | 2030-06-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| ALUMINA PTY LTD                                            | Alumina Pty Ltd                                                                  | CUSIP: 02220AAA5<br>LEI: 2138002VD9MW2WT8HR38 | Long             | DBT              | CORP              | AU        |    450000 | PA      | $451003.95    | 0.04%             | 2030-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                               | Fibercop SpA                                                                     | CUSIP: 683879AB6<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    376000 | PA      | $364720.00    | 0.03%             | 2033-11-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                                   | Jones Deslauriers Insurance Management Inc                                       | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    442000 | PA      | $464457.58    | 0.04%             | 2030-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                                   | Jefferies Finance LLC / JFIN Co-Issuer Corp                                      | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    729000 | PA      | $691298.74    | 0.06%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RAILWORKS HOLDINGS LP/R                                    | Railworks Holdings LP / Railworks Rally Inc                                      | CUSIP: 75079MAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    374000 | PA      | $380060.69    | 0.03%             | 2028-11-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| SUBURBAN PROPANE PARTNRS                                   | Suburban Propane Partners LP/Suburban Energy Finance Corp                        | CUSIP: 864486AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    530000 | PA      | $494124.78    | 0.04%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOYNE USA INC                                              | Boyne USA Inc                                                                    | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    620000 | PA      | $596212.52    | 0.05%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MERLIN ENTERTAINMENTS GR                                   | Merlin Entertainments Group US Holdings Inc                                      | CUSIP: 59010UAA5<br>LEI: 549300HBQPPKS1187K54 | Long             | DBT              | CORP              | US        |    253000 | PA      | $231024.88    | 0.02%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GEO GROUP INC/THE                                          | GEO Group Inc/The                                                                | CUSIP: 36162JAG1<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |    444000 | PA      | $468997.74    | 0.04%             | 2029-04-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| RADIATE HOLDCO / FINANCE                                   | Radiate Holdco LLC / Radiate Finance Inc                                         | CUSIP: 75026JAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    693000 | PA      | $594943.97    | 0.05%             | 2026-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                                      | Six Flags Entertainment Corp                                                     | CUSIP: 83001AAC6<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |    644000 | PA      | $644457.63    | 0.06%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                   | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1784000 | PA      | $1903740.30   | 0.17%             | 2032-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                    | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    539000 | PA      | $546830.05    | 0.05%             | 2029-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                      | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   1211000 | PA      | $1265904.32   | 0.11%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES STEEL CORP                                   | United States Steel Corp                                                         | CUSIP: 912909AU2<br>LEI: JNLUVFYJT1OZSIQ24U47 | Long             | DBT              | CORP              | US        |    513000 | PA      | $517918.13    | 0.05%             | 2029-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                          | Lithia Motors Inc                                                                | CUSIP: 536797AG8<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    598000 | PA      | $563672.65    | 0.05%             | 2029-06-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR US NEWCO INC                                   | TK Elevator US Newco Inc                                                         | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |   1045000 | PA      | $1035759.27   | 0.09%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fair Isaac Corp                                            | Fair Isaac Corp                                                                  | CUSIP: 303250AE4<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    246000 | PA      | $245766.89    | 0.02%             | 2026-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                                           | Cinemark USA Inc                                                                 | CUSIP: 172441BF3<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |    697000 | PA      | $688116.94    | 0.06%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners LP                                        | Buckeye Partners LP                                                              | CUSIP: 118230AM3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    476000 | PA      | $402371.08    | 0.04%             | 2043-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| CAPSTONE BORROWER INC                                      | Capstone Borrower Inc                                                            | CUSIP: 140944AA7<br>LEI: 254900YSP2BAI3YKIX08 | Long             | DBT              | CORP              | US        |    368000 | PA      | $380455.70    | 0.03%             | 2030-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATIN                                   | TerraForm Power Operating LLC                                                    | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |    425000 | PA      | $400879.30    | 0.04%             | 2030-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                    | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAF2<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    610000 | PA      | $619956.16    | 0.06%             | 2028-09-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| HUGHES SATELLITE SYSTEMS                                   | Hughes Satellite Systems Corp                                                    | CUSIP: 444454AF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    739000 | PA      | $518596.94    | 0.05%             | 2026-08-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| WESCO DISTRIBUTION INC                                     | WESCO Distribution Inc                                                           | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    724000 | PA      | $733010.18    | 0.07%             | 2028-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC                                     | Penn Entertainment Inc                                                           | CUSIP: 707569AS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    468000 | PA      | $462345.53    | 0.04%             | 2027-01-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                              | PRA Group Inc                                                                    | CUSIP: 69354NAE6<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    184000 | PA      | $185725.00    | 0.02%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                       | LifePoint Health Inc                                                             | CUSIP: 53219LAX7<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    567000 | PA      | $593835.54    | 0.05%             | 2032-06-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                                   | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    958000 | PA      | $900577.77    | 0.08%             | 2028-04-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ARIS WATER HOLDINGS LLC                                    | Aris Water Holdings LLC                                                          | CUSIP: 04041NAA0<br>LEI: 5493007AWQW8ZKCHVV46 | Long             | DBT              | CORP              | US        |    580000 | PA      | $583551.34    | 0.05%             | 2030-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                   | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AR2<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    987000 | PA      | $994358.09    | 0.09%             | 2033-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                               | Novelis Corp                                                                     | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    561000 | PA      | $578872.90    | 0.05%             | 2030-01-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                   | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    426000 | PA      | $424342.60    | 0.04%             | 2033-11-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                    | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1140000 | PA      | $1191628.32   | 0.11%             | 2031-04-30      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| FMG RESOURCES AUG 2006                                     | FMG Resources August 2006 Pty Ltd                                                | CUSIP: 30251GBA4<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    521000 | PA      | $510857.90    | 0.05%             | 2027-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALTAGAS LTD                                                | AltaGas Ltd                                                                      | CUSIP: 021361AD2<br>LEI: 2549008X5V70MOS4HM10 | Long             | DBT              | CORP              | CA        |    727000 | PA      | $712850.91    | 0.06%             | 2054-10-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| RXO INC                                                    | RXO Inc                                                                          | CUSIP: 98379JAA3<br>LEI: 549300KL8CA6GP8XPM30 | Long             | DBT              | CORP              | US        |    374000 | PA      | $383123.82    | 0.03%             | 2027-11-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LABL INC                                                   | LABL Inc                                                                         | CUSIP: 50168QAD7<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |    361000 | PA      | $292184.38    | 0.03%             | 2029-11-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| CLEVELAND-CLIFFS INC                                       | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AH4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    384000 | PA      | $378447.70    | 0.03%             | 2027-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                             | Bombardier Inc                                                                   | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $101526.10    | 0.01%             | 2033-06-15      | Fixed         | 6.75%                 | 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        |    441000 | PA      | $461366.70    | 0.04%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GLOBAL AUTO HO/AAG FH UK                                   | Global Auto Holdings Ltd/AAG FH UK Ltd                                           | CUSIP: 00033GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    425000 | PA      | $356803.52    | 0.03%             | 2029-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                                   | Prime Security Services Borrower LLC / Prime Finance Inc                         | CUSIP: 74166MAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    820000 | PA      | $787943.25    | 0.07%             | 2027-08-31      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| EMBECTA CORP                                               | Embecta Corp                                                                     | CUSIP: 29082KAA3<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | DBT              | CORP              | US        |    443000 | PA      | $394404.73    | 0.04%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                            | Gen Digital Inc                                                                  | CUSIP: 668771AL2<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    561000 | PA      | $579422.12    | 0.05%             | 2030-09-30      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| NORTHRIVER MIDSTREAM FIN                                   | Northriver Midstream Finance LP                                                  | CUSIP: 66679NAB6<br>LEI: 549300SOLNLY3BL6GF18 | Long             | DBT              | CORP              | CA        |    364000 | PA      | $367627.62    | 0.03%             | 2032-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                                     | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAN0<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |   1053000 | PA      | $1122552.76   | 0.10%             | 2029-11-30      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| ASHLAND INC                                                | Ashland Inc                                                                      | CUSIP: 04433LAA0<br>LEI: 529900E4L9R04SB8HB11 | Long             | DBT              | CORP              | US        |    539000 | PA      | $464834.35    | 0.04%             | 2031-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                       | WR Grace Holdings LLC                                                            | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    720000 | PA      | $635054.62    | 0.06%             | 2029-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CASCADES INC/USA INC                                       | Cascades Inc/Cascades USA Inc                                                    | CUSIP: 14739LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    364000 | PA      | $358797.06    | 0.03%             | 2028-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                     | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1581000 | PA      | $1603431.23   | 0.14%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                             | Sabre GLBL Inc                                                                   | CUSIP: 78573NAM4<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205450.00    | 0.02%             | 2030-07-15      | Fixed         | 11.13%                | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                              | TransDigm Inc                                                                    | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1873000 | PA      | $1905865.53   | 0.17%             | 2029-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| QVC Inc                                                    | QVC Inc                                                                          | CUSIP: 747262AW3<br>LEI: 549300WBLU5NKPX5X472 | Long             | DBT              | CORP              | US        |    338000 | PA      | $138580.00    | 0.01%             | 2034-08-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Perrigo Finance Unlimited Co                               | Perrigo Finance Unlimited Co                                                     | CUSIP: 71429MAC9<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |    616000 | PA      | $593415.28    | 0.05%             | 2030-06-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| GLOBAL AIR LEASE CO LTD                                    | Global Aircraft Leasing Co Ltd                                                   | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    818000 | PA      | $828212.88    | 0.07%             | 2027-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                   | Celanese US Holdings LLC                                                         | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    901000 | PA      | $922759.15    | 0.08%             | 2032-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                                    | Macy's Retail Holdings LLC                                                       | CUSIP: 55617LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    295000 | PA      | $273714.86    | 0.02%             | 2032-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                     | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    707000 | PA      | $730012.19    | 0.07%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SS&C TECHNOLOGIES INC                                      | SS&C Technologies Inc                                                            | CUSIP: 78466CAD8<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |    636000 | PA      | $653519.89    | 0.06%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SOTHEBY'S/BIDFAIR HLD                                      | Sotheby's/Bidfair Holdings Inc                                                   | CUSIP: 83600GAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    305000 | PA      | $264559.26    | 0.02%             | 2029-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TRINET GROUP INC                                           | TriNet Group Inc                                                                 | CUSIP: 896288AA5<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |    473000 | PA      | $437551.77    | 0.04%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                               | ADT Security Corp/The                                                            | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    703000 | PA      | $671305.53    | 0.06%             | 2029-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                           | Lamar Media Corp                                                                 | CUSIP: 513075BW0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    554000 | PA      | $544376.36    | 0.05%             | 2029-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ELEMENT SOLUTIONS INC                                      | Element Solutions Inc                                                            | CUSIP: 28618MAA4<br>LEI: 549300FLGN6P5CU20J91 | Long             | DBT              | CORP              | US        |    833000 | PA      | $800636.45    | 0.07%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ABC SUPPLY CO INC                                          | American Builders & Contractors Supply Co Inc                                    | CUSIP: 024747AG2<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |    507000 | PA      | $472684.01    | 0.04%             | 2029-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                     | Venture Global LNG Inc                                                           | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   1376000 | PA      | $1371025.48   | 0.12%             | 2030-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                                     | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAB1<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    493000 | PA      | $504175.82    | 0.05%             | 2028-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                                                 | Terex Corp                                                                       | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |    687000 | PA      | $676137.84    | 0.06%             | 2032-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp                                                             | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    836000 | PA      | $851256.16    | 0.08%             | 2031-11-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                                         | PBF HOLDING CO LLC                                                               | CUSIP: 69318FAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    669000 | PA      | $640201.96    | 0.06%             | 2030-03-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| CALUMET SPECIALTY PROD                                     | Calumet Specialty Products Partners LP / Calumet Finance Corp                    | CUSIP: 131477AW1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $319648.20    | 0.03%             | 2028-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| MIDCONTINENT COMMUNICATI                                   | Midcontinent Communications                                                      | CUSIP: 59565XAD2<br>LEI: 549300ZI9GDQBS28C408 | Long             | DBT              | CORP              | US        |    683000 | PA      | $707211.67    | 0.06%             | 2032-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FORESTAR GROUP INC                                         | Forestar Group Inc                                                               | CUSIP: 346232AG6<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |    480000 | PA      | $476457.89    | 0.04%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                                    | Sensata Technologies BV                                                          | CUSIP: 81725WAK9<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |    646000 | PA      | $607047.10    | 0.05%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                                   | Standard Industries Inc/NY                                                       | CUSIP: 853496AC1<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    597000 | PA      | $593307.02    | 0.05%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                      | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    634000 | PA      | $668176.40    | 0.06%             | 2029-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| LIONS GATE CAPITAL HOL 1                                   | Starz Capital Holdings 1 Inc                                                     | CUSIP: 535939AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $535461.74    | 0.05%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EMERGENT BIOSOLUTIONS                                      | Emergent BioSolutions Inc                                                        | CUSIP: 29089QAC9<br>LEI: 549300YW6TUOX8BE5103 | Long             | DBT              | CORP              | US        |    465000 | PA      | $352646.70    | 0.03%             | 2028-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MATTHEWS INTERNATIONAL C                                   | Matthews International Corp                                                      | CUSIP: 577128AC5<br>LEI: 549300ZVC5O0ATML6U61 | Long             | DBT              | CORP              | US        |    401000 | PA      | $417004.71    | 0.04%             | 2027-10-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp                                                             | CUSIP: 682691AC4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    487000 | PA      | $456997.68    | 0.04%             | 2028-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| XEROX ISSUER CORPORATION                                   | Xerox Issuer Corp                                                                | CUSIP: 98423RAA1<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |    325000 | PA      | $325040.33    | 0.03%             | 2031-04-15      | Fixed         | 13.50%                | No            |                  2 | On Loan: —       |
| SERVICE PROPERTIES TRUST                                   | Service Properties Trust                                                         | CUSIP: 81761LAE2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    493000 | PA      | $493368.26    | 0.04%             | 2032-06-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                   | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    774000 | PA      | $755065.52    | 0.07%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                   | Univision Communications Inc                                                     | CUSIP: 914906AU6<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   1245000 | PA      | $1245799.74   | 0.11%             | 2027-06-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC                                       | Amentum Holdings Inc                                                             | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |    658000 | PA      | $671781.15    | 0.06%             | 2032-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| UNITI GRP/UNITI HLD/CSL                                    | Uniti Group LP / Uniti Fiber Holdings Inc / CSL Capital LLC                      | CUSIP: 91327AAB8<br>LEI: N/A                  | Long             | DBT              |  | US        |    760000 | PA      | $693085.65    | 0.06%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                                | Chemours Co/The                                                                  | CUSIP: 163851AE8<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    394000 | PA      | $386001.56    | 0.03%             | 2027-05-15      | Fixed         | 5.38%                 | 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        |    751000 | PA      | $704857.36    | 0.06%             | 2029-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                      | Nabors Industries Inc                                                            | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    545000 | PA      | $497071.45    | 0.04%             | 2030-01-31      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                              | DISH DBS Corp                                                                    | CUSIP: 25470XBB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1116000 | PA      | $767493.52    | 0.07%             | 2028-07-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                                      | Freedom Mortgage Corp                                                            | CUSIP: 35640YAK3<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    683000 | PA      | $733264.11    | 0.07%             | 2028-10-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| METHANEX CORP                                              | Methanex Corp                                                                    | CUSIP: 59151KAL2<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |    484000 | PA      | $469776.16    | 0.04%             | 2029-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                     | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    689000 | PA      | $719967.11    | 0.06%             | 2031-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: —       |
| ZAYO GROUP HOLDINGS INC                                    | Zayo Group Holdings Inc                                                          | CUSIP: 98919VAA3<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |   1049000 | PA      | $987720.67    | 0.09%             | 2027-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                   | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    408000 | PA      | $372148.47    | 0.03%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ATLAS LUXCO 4 / ALL UNI                                    | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl     | CUSIP: 019579AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1191000 | PA      | $1141015.75   | 0.10%             | 2028-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                     | Match Group Holdings II LLC                                                      | CUSIP: 57665RAG1<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    546000 | PA      | $541376.91    | 0.05%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEEWARD RENEWABL                                           | Leeward Renewable Energy Operations LLC                                          | CUSIP: 524590AA4<br>LEI: 254900EVJU1A57NUX379 | Long             | DBT              | CORP              | US        |    502000 | PA      | $457685.95    | 0.04%             | 2029-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                         | Ally Financial Inc                                                               | CUSIP: 000000000<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    420000 | PA      | $403620.09    | 0.04%             | 2040-01-17      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                    | United Rentals North America Inc                                                 | CUSIP: 911365BP8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    683000 | PA      | $613645.72    | 0.06%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LEVI STRAUSS & CO                                          | Levi Strauss & Co                                                                | CUSIP: 52736RBJ0<br>LEI: MB0UERO0RDFKU8258G77 | Long             | DBT              | CORP              | US        |    426000 | PA      | $381198.30    | 0.03%             | 2031-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Mineral Resources Ltd                                      | Mineral Resources Ltd                                                            | CUSIP: 603051AA1<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    498000 | PA      | $498824.19    | 0.04%             | 2027-05-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| OI EUROPEAN GROUP BV                                       | OI European Group BV                                                             | CUSIP: 67777LAD5<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |    450000 | PA      | $424087.38    | 0.04%             | 2030-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DREAM FINDERS HOMES INC                                    | Dream Finders Homes Inc                                                          | CUSIP: 26154DAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    319000 | PA      | $328609.56    | 0.03%             | 2028-08-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL CORP                                            | Murphy Oil Corp                                                                  | CUSIP: 626717AP7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |    521000 | PA      | $486230.08    | 0.04%             | 2032-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WINDSOR HOLDINGS III LLC                                   | Windsor Holdings III LLC                                                         | CUSIP: 97360AAA5<br>LEI: 254900IXUJZ9H146T437 | Long             | DBT              | CORP              | US        |    601000 | PA      | $636679.57    | 0.06%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Spirit AeroSystems Inc                                     | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAG5<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    403000 | PA      | $397250.96    | 0.04%             | 2026-06-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                                   | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    342000 | PA      | $361383.88    | 0.03%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| NEW ENTERPRISE STONE & L                                   | New Enterprise Stone & Lime Co Inc                                               | CUSIP: 644274AH5<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |    423000 | PA      | $415424.03    | 0.04%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL GAME TECH                                    | International Game Technology PLC                                                | CUSIP: 460599AE3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   1008000 | PA      | $992234.07    | 0.09%             | 2029-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GOTO GROUP INC                                             | GoTo Group Inc                                                                   | CUSIP: 38349YAB1<br>LEI: 549300D12V5KRBV00592 | Long             | DBT              | CORP              | US        |    185728 | PA      | $61327.39     | 0.01%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS/CANADA WON                                       | Six Flags Entertainment Corp / Canada's Wonderland Co / Magnum Management Corp   | CUSIP: 150190AB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    383000 | PA      | $383098.05    | 0.03%             | 2027-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                        | NCL Corp Ltd                                                                     | CUSIP: 62886HBN0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    519000 | PA      | $546780.51    | 0.05%             | 2029-01-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| PENSKE AUTOMOTIVE GROUP                                    | Penske Automotive Group Inc                                                      | CUSIP: 70959WAK9<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | DBT              | CORP              | US        |    531000 | PA      | $498194.87    | 0.04%             | 2029-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TALOS PRODUCTION INC                                       | Talos Production Inc                                                             | CUSIP: 87485LAD6<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |    615000 | PA      | $611393.53    | 0.06%             | 2029-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPCO/FINCO                                        | Go Daddy Operating Co LLC / GD Finance Co Inc                                    | CUSIP: 38016LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    549000 | PA      | $546096.56    | 0.05%             | 2027-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                              | Parkland Corp                                                                    | CUSIP: 70137WAN8<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |    284000 | PA      | $284813.38    | 0.03%             | 2032-08-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ON SEMICONDUCTOR CORP                                      | ON Semiconductor Corp                                                            | CUSIP: 682189AQ8<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |    565000 | PA      | $540108.13    | 0.05%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                   | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2024000 | PA      | $1863795.36   | 0.17%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp                                                             | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    679000 | PA      | $698469.27    | 0.06%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                           | GGAM Finance Ltd                                                                 | CUSIP: 36170JAC0<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    612000 | PA      | $630238.21    | 0.06%             | 2027-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES/ESCR                                   | Windstream Services LLC / Windstream Escrow Finance Corp                         | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1533000 | PA      | $1596582.71   | 0.14%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS INC                                           | Vail Resorts Inc                                                                 | CUSIP: 91879QAP4<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |    468000 | PA      | $479711.23    | 0.04%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC                                    | Park River Holdings Inc                                                          | CUSIP: 70082LAA5<br>LEI: 254900PGY077KWCROT75 | Long             | DBT              | CORP              | US        |    271000 | PA      | $219156.24    | 0.02%             | 2029-02-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                                   | Brandywine Operating Partnership LP                                              | CUSIP: 105340AS2<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |    486000 | PA      | $518004.56    | 0.05%             | 2029-04-12      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| INTELSAT JACKSON HLDG                                      | Intelsat Jackson Holdings SA                                                     | CUSIP: 45824TBC8<br>LEI: 8XJ8KF85PBKK1TLMFN29 | Long             | DBT              | CORP              | LU        |   2705000 | PA      | $2666828.66   | 0.24%             | 2030-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL USA INC                                         | Murphy Oil USA Inc                                                               | CUSIP: 626738AE8<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |    278000 | PA      | $269455.14    | 0.02%             | 2029-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MIDWEST GMNG BOR/MWG FIN                                   | Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp                        | CUSIP: 59833DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    491000 | PA      | $470788.57    | 0.04%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ELANCO ANIMAL HEALTH INC                                   | Elanco Animal Health Inc                                                         | CUSIP: 28414HAG8<br>LEI: 549300SHPNDCE059M934 | Long             | DBT              | CORP              | US        |    673000 | PA      | $693224.32    | 0.06%             | 2028-08-28      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Bausch Health Cos Inc                                      | Bausch Health Cos Inc                                                            | CUSIP: 071734AF4<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    327000 | PA      | $217927.52    | 0.02%             | 2029-05-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| ROYAL CARIBBEAN CRUISES                                    | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1455000 | PA      | $1461132.04   | 0.13%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                                          | Rakuten Group Inc                                                                | CUSIP: 75102WAM0<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    836000 | PA      | $805985.30    | 0.07%             | N/A             | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                   | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AP6<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    423000 | PA      | $427431.35    | 0.04%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                                    | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBB5<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    448000 | PA      | $407698.72    | 0.04%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Emera Inc                                                  | Emera Inc                                                                        | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |    976000 | PA      | $983234.11    | 0.09%             | 2076-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SEAWORLD PARKS & ENTERTA                                   | SeaWorld Parks & Entertainment Inc                                               | CUSIP: 81282UAG7<br>LEI: 549300UZV72O3371JJ53 | Long             | DBT              | CORP              | US        |    542000 | PA      | $521331.53    | 0.05%             | 2029-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ASGN INCORPORATED                                          | ASGN Inc                                                                         | CUSIP: 00191UAA0<br>LEI: LZBNYYCBUKY537072438 | Long             | DBT              | CORP              | US        |    392000 | PA      | $378408.85    | 0.03%             | 2028-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| WW INTERNATIONAL INC                                       | WW International Inc                                                             | CUSIP: 98262PAA9<br>LEI: SGT8R1MU6ESIC7UJC518 | Long             | DBT              | CORP              | US        |    409000 | PA      | $130880.00    | 0.01%             | 2029-04-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MPH ACQUISITION HOLDINGS                                   | MPH Acquisition Holdings LLC                                                     | CUSIP: 553283AG7<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |    641000 | PA      | $511691.07    | 0.05%             | 2030-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BANC OF CALIFORNIA                                         | Banc of California                                                               | CUSIP: 69506YSC4<br>LEI: 549300A7DTSCJLJ33451 | Long             | SN               | CORP              | US        |    393000 | PA      | $339945.00    | 0.03%             | 2031-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BRUNDAGE-BONE CONCRETE                                     | Brundage-Bone Concrete Pumping Holdings Inc                                      | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    555000 | PA      | $554423.08    | 0.05%             | 2032-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                             | NRG Energy Inc                                                                   | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    749000 | PA      | $742750.94    | 0.07%             | 2033-02-01      | Fixed         | 6.00%                 | 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        |    797000 | PA      | $804376.24    | 0.07%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ACCO BRANDS CORP                                           | ACCO Brands Corp                                                                 | CUSIP: 00081TAK4<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | DBT              | CORP              | US        |    512000 | PA      | $452927.13    | 0.04%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                              | TransDigm Inc                                                                    | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1278000 | PA      | $1318823.15   | 0.12%             | 2030-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| RAIN CARBON INC                                            | Rain Carbon Inc                                                                  | CUSIP: 75079LAB7<br>LEI: 25490038N6JQH7QXUK52 | Long             | DBT              | CORP              | US        |    353000 | PA      | $368231.24    | 0.03%             | 2029-09-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| OWENS & MINOR INC                                          | Owens & Minor Inc                                                                | CUSIP: 690732AF9<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |    309000 | PA      | $252863.60    | 0.02%             | 2029-03-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| GENESIS ENERGY LP/FIN                                      | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAN2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    513000 | PA      | $539125.55    | 0.05%             | 2030-04-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                   | iHeartCommunications Inc                                                         | CUSIP: 45174HBJ5<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |    562450 | PA      | $467528.24    | 0.04%             | 2029-05-01      | Fixed         | 9.13%                 | No            |                  2 | On Loan: —       |
| BELL CANADA                                                | Bell Telephone Co of Canada or Bell Canada                                       | CUSIP: 0778FPAQ2<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |    920000 | PA      | $924784.92    | 0.08%             | 2055-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                                    | Light & Wonder International Inc                                                 | CUSIP: 531968AA3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    568000 | PA      | $587318.82    | 0.05%             | 2031-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ATS CORP                                                   | ATS Corp                                                                         | CUSIP: 001940AC9<br>LEI: 5493005KP4RP3IU7HQ41 | Long             | DBT              | CORP              | CA        |    417000 | PA      | $392987.10    | 0.04%             | 2028-12-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                             | Bombardier Inc                                                                   | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    828000 | PA      | $854910.83    | 0.08%             | 2031-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                         | Kennedy-Wilson Inc                                                               | CUSIP: 489399AL9<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |    501000 | PA      | $460964.49    | 0.04%             | 2029-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AETHON UN/AETHIN UN FIN                                    | Aethon United BR LP / Aethon United Finance Corp                                 | CUSIP: 00810GAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    670000 | PA      | $687074.28    | 0.06%             | 2029-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                                   | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp               | CUSIP: 505742AR7<br>LEI: N/A                  | Long             | DBT              |  | US        |    298000 | PA      | $309227.15    | 0.03%             | 2031-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                                      | Bath & Body Works Inc                                                            | CUSIP: 501797AM6<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    696000 | PA      | $690447.52    | 0.06%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                      | Quikrete Holdings Inc                                                            | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1015551.00   | 0.09%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GLOBAL NET LEASE INC                                       | Global Net Lease Inc                                                             | CUSIP: 02608AAA7<br>LEI: 549300NUYANCT5SU8Z65 | Long             | DBT              |  | US        |    444000 | PA      | $426142.50    | 0.04%             | 2028-09-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                                    | Light & Wonder International Inc                                                 | CUSIP: 80874YBC3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    473000 | PA      | $473747.34    | 0.04%             | 2028-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CCM MERGER INC                                             | CCM Merger Inc                                                                   | CUSIP: 14985VAE1<br>LEI: 549300P77RSBKKFME089 | Long             | DBT              | CORP              | US        |    424000 | PA      | $424426.67    | 0.04%             | 2026-05-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TRIDENT TPI HOLDINGS INC                                   | Trident TPI Holdings Inc                                                         | CUSIP: 89616RAC3<br>LEI: 549300TPLK304J3RNC85 | Long             | DBT              | CORP              | US        |    486000 | PA      | $508797.29    | 0.05%             | 2028-12-31      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| HLF FIN SARL LLC/HERBALI                                   | HLF Financing Sarl LLC / Herbalife International Inc                             | CUSIP: 40390DAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    483000 | PA      | $397954.52    | 0.04%             | 2029-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                                    | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    503000 | PA      | $496660.89    | 0.04%             | 2027-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                                   | Blue Racer Midstream LLC / Blue Racer Finance Corp                               | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    292000 | PA      | $301909.60    | 0.03%             | 2029-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                                     | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BS9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100221.80    | 0.01%             | 2030-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| HILLENBRAND INC                                            | Hillenbrand Inc                                                                  | CUSIP: 431571AF5<br>LEI: U246OE781574J2BUD366 | Long             | DBT              | CORP              | US        |    442000 | PA      | $444077.84    | 0.04%             | 2029-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                                        | Rocket Software Inc                                                              | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    477000 | PA      | $492620.80    | 0.04%             | 2028-11-28      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Vodafone Group PLC                                         | Vodafone Group PLC                                                               | CUSIP: 92857WBQ2<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |   1472000 | PA      | $1516351.36   | 0.14%             | 2079-04-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UPBOUND GROUP INC                                          | Upbound Group Inc                                                                | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |    410000 | PA      | $392810.36    | 0.04%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                                       | Reworld Holding Corp                                                             | CUSIP: 22282EAJ1<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |    350000 | PA      | $327117.63    | 0.03%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                      | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    720000 | PA      | $742924.80    | 0.07%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                                     | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    444000 | PA      | $434785.36    | 0.04%             | 2027-05-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DARLING INGREDIENTS INC                                    | Darling Ingredients Inc                                                          | CUSIP: 237266AJ0<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |    569000 | PA      | $570379.06    | 0.05%             | 2030-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                                   | Prime Security Services Borrower LLC / Prime Finance Inc                         | CUSIP: 74166MAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1067000 | PA      | $1066815.09   | 0.10%             | 2028-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ACADIAN ASSET MANAGEMENT                                   | Acadian Asset Management Inc                                                     | CUSIP: 10948WAA1<br>LEI: 5493004FTLQNQTBOP608 | Long             | DBT              | CORP              | US        |    387000 | PA      | $385280.21    | 0.03%             | 2026-07-27      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                   | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 69867DAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    144000 | PA      | $144891.94    | 0.01%             | 2027-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                       | LifePoint Health Inc                                                             | CUSIP: 53219LAY5<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    650000 | PA      | $684717.15    | 0.06%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                      | HUB International Ltd                                                            | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    697000 | PA      | $691807.35    | 0.06%             | 2029-12-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                                | Wayfair LLC                                                                      | CUSIP: 94419NAB3<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |    729000 | PA      | $716061.34    | 0.06%             | 2030-09-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BELLRING BRANDS INC                                        | BellRing Brands Inc                                                              | CUSIP: 07831CAA1<br>LEI: 549300S3BOK5CMTS8054 | Long             | DBT              | CORP              | US        |    446000 | PA      | $463872.56    | 0.04%             | 2030-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FMG RESOURCES AUG 2006                                     | FMG Resources August 2006 Pty Ltd                                                | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    920000 | PA      | $845327.65    | 0.08%             | 2031-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GLOBAL INFRASTRUCTURE SO                                   | Global Infrastructure Solutions Inc                                              | CUSIP: 37960XAB3<br>LEI: 2549003BGLQITAJ6ZT28 | Long             | DBT              | CORP              | US        |    493000 | PA      | $492355.80    | 0.04%             | 2032-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                       | Matador Resources Co                                                             | CUSIP: 576485AH9<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    740000 | PA      | $714645.45    | 0.06%             | 2033-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                   | Service Properties Trust                                                         | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    445000 | PA      | $474288.10    | 0.04%             | 2031-11-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| SIGNAL PARENT INC                                          | Signal Parent Inc                                                                | CUSIP: 82666QAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    353000 | PA      | $144730.00    | 0.01%             | 2029-04-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                             | Bombardier Inc                                                                   | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    723000 | PA      | $740326.70    | 0.07%             | 2032-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                                    | Asbury Automotive Group Inc                                                      | CUSIP: 043436AV6<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    422000 | PA      | $401182.66    | 0.04%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                      | Tenet Healthcare Corp                                                            | CUSIP: 88033GDR8<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1214826.12   | 0.11%             | 2030-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AAR ESCROW ISSUER LLC                                      | AAR Escrow Issuer LLC                                                            | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    593000 | PA      | $608112.61    | 0.05%             | 2029-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| XPO INC                                                    | XPO Inc                                                                          | CUSIP: 98379KAB8<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |    378000 | PA      | $391611.02    | 0.04%             | 2031-06-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| TKC HOLDINGS INC                                           | TKC Holdings Inc                                                                 | CUSIP: 87256YAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    508000 | PA      | $522875.26    | 0.05%             | 2029-05-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: —       |
| FRONTIER COMMUNICATIONS                                    | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    859000 | PA      | $871028.58    | 0.08%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PATRICK INDUSTRIES INC                                     | Patrick Industries Inc                                                           | CUSIP: 703343AD5<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |    383000 | PA      | $368751.14    | 0.03%             | 2029-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORP                                       | Kaiser Aluminum Corp                                                             | CUSIP: 483007AJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    390000 | PA      | $379330.73    | 0.03%             | 2028-03-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                               | Novelis Corp                                                                     | CUSIP: 670001AH9<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    584000 | PA      | $519671.35    | 0.05%             | 2031-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WILLIAM CARTER                                             | William Carter Co/The                                                            | CUSIP: 96926JAC1<br>LEI: TGI2A0HXEYNQPU7TYV27 | Long             | DBT              | CORP              | US        |    458000 | PA      | $455260.52    | 0.04%             | 2027-03-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                      | HUB International Ltd                                                            | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   2316000 | PA      | $2413380.85   | 0.22%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Inc                                          | Iron Mountain Inc                                                                | CUSIP: 46284VAC5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    921000 | PA      | $910661.22    | 0.08%             | 2027-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| OCI NV                                                     | OCI NV                                                                           | CUSIP: 67116NAA7<br>LEI: 549300NCMRGIBJYUOE57 | Long             | DBT              | CORP              | NL        |    491000 | PA      | $537194.26    | 0.05%             | 2033-03-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                        | Sirius XM Radio LLC                                                              | CUSIP: 82967NBA5<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   1208000 | PA      | $1196254.13   | 0.11%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                                         | Seagate HDD Cayman                                                               | CUSIP: 81180WBN0<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |    548000 | PA      | $584518.72    | 0.05%             | 2029-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CORECIVIC INC                                              | CoreCivic Inc                                                                    | CUSIP: 21871NAC5<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |    308000 | PA      | $325749.69    | 0.03%             | 2029-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                                         | Vodafone Group PLC                                                               | CUSIP: 92857WBV1<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    437000 | PA      | $426499.28    | 0.04%             | 2081-06-04      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                        | Kinetik Holdings LP                                                              | CUSIP: 49461MAB6<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    882000 | PA      | $900109.81    | 0.08%             | 2028-12-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                              | TransDigm Inc                                                                    | CUSIP: 893647BL0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1213000 | PA      | $1212809.22   | 0.11%             | 2027-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP                                         | Baytex Energy Corp                                                               | CUSIP: 07317QAK1<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |    613000 | PA      | $557025.56    | 0.05%             | 2032-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| M/I HOMES INC                                              | M/I Homes Inc                                                                    | CUSIP: 55305BAS0<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |    318000 | PA      | $313964.87    | 0.03%             | 2028-02-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| VOC Escrow Ltd                                             | VOC Escrow Ltd                                                                   | CUSIP: 91832VAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    664000 | PA      | $655372.45    | 0.06%             | 2028-02-15      | Fixed         | 5.00%                 | 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        |   1002000 | PA      | $1022963.54   | 0.09%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| INSULET CORPORATION                                        | Insulet Corp                                                                     | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |    382000 | PA      | $393105.12    | 0.04%             | 2033-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Bombardier Inc                                             | Bombardier Inc                                                                   | CUSIP: 097751BT7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     25000 | PA      | $25130.53     | 0.00%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ADTALEM GLOBAL EDUCATION                                   | Adtalem Global Education Inc                                                     | CUSIP: 00737WAA7<br>LEI: 549300Z467EZLMODV621 | Long             | DBT              | CORP              | US        |    324000 | PA      | $321683.34    | 0.03%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                                   | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 74841CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    618000 | PA      | $576969.19    | 0.05%             | 2029-03-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| ENDO FINANCE HOLDINGS                                      | Endo Finance Holdings Inc                                                        | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    546000 | PA      | $565836.73    | 0.05%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                              | Parkland Corp                                                                    | CUSIP: 70137WAG3<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |    292000 | PA      | $276000.50    | 0.02%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MATTAMY GROUP CORP                                         | Mattamy Group Corp                                                               | CUSIP: 57701RAM4<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |    392000 | PA      | $369311.12    | 0.03%             | 2030-03-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                    | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAM6<br>LEI: N/A                  | Long             | DBT              |  | US        |   1154000 | PA      | $758280.13    | 0.07%             | 2031-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                                           | Boyd Gaming Corp                                                                 | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |    515000 | PA      | $482654.67    | 0.04%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                                   | Performance Food Group Inc                                                       | CUSIP: 69346VAA7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    780000 | PA      | $777462.82    | 0.07%             | 2027-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                   | Permian Resources Operating LLC                                                  | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    712000 | PA      | $703105.13    | 0.06%             | 2033-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FORTRESS INTERMEDIATE                                      | Fortress Intermediate 3 Inc                                                      | CUSIP: 34966MAA0<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | DBT              | CORP              | US        |    788000 | PA      | $815422.40    | 0.07%             | 2031-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                           | MGM Resorts International                                                        | CUSIP: 552953CK5<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    237000 | PA      | $238278.38    | 0.02%             | 2029-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                                      | Freedom Mortgage Corp                                                            | CUSIP: 35640YAJ6<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    446000 | PA      | $445244.61    | 0.04%             | 2027-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ENCINO ACQUISITION PARTN                                   | Encino Acquisition Partners Holdings LLC                                         | CUSIP: 29254BAA5<br>LEI: 549300BUKUEKT2UE4T49 | Long             | DBT              | CORP              | US        |    628000 | PA      | $644560.30    | 0.06%             | 2028-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                          | Clean Harbors Inc                                                                | CUSIP: 184496AP2<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |    307000 | PA      | $301899.66    | 0.03%             | 2029-07-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                     | Comstock Resources Inc                                                           | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   1005000 | PA      | $991443.66    | 0.09%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                           | MGM Resorts International                                                        | CUSIP: 552953CF6<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    369000 | PA      | $370545.00    | 0.03%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                           | UWM Holdings LLC                                                                 | CUSIP: 903522AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    464000 | PA      | $455293.32    | 0.04%             | 2030-02-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                               | ADT Security Corp/The                                                            | CUSIP: 74166NAA2<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    674000 | PA      | $640715.99    | 0.06%             | 2032-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Park-Ohio Industries Inc                                   | Park-Ohio Industries Inc                                                         | CUSIP: 700677AR8<br>LEI: 5493006LQUO5SLMNYM18 | Long             | DBT              | CORP              | US        |    450000 | PA      | $436912.52    | 0.04%             | 2027-04-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                     | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    686000 | PA      | $664596.80    | 0.06%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                    | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    383000 | PA      | $380859.76    | 0.03%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| USI INC/NY                                                 | USI Inc/NY                                                                       | CUSIP: 90346KAB5<br>LEI: 2549006D7UF7072T7I27 | Long             | DBT              | CORP              | US        |    491000 | PA      | $515284.37    | 0.05%             | 2032-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                                     | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1002000 | PA      | $1005149.29   | 0.09%             | 2027-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                           | CSC Holdings LLC                                                                 | CUSIP: 126307AY3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    915000 | PA      | $705694.82    | 0.06%             | 2028-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ATLANTICA SUSTAIN INFRA                                    | Atlantica Sustainable Infrastructure Ltd                                         | CUSIP: 04916WAA2<br>LEI: 549300ITBBGKJ651R879 | Long             | DBT              | CORP              | GB        |    524000 | PA      | $503257.20    | 0.05%             | 2028-06-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                   | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAE3<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    781000 | PA      | $792244.84    | 0.07%             | 2030-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| OCEANEERING INTL INC                                       | Oceaneering International Inc                                                    | CUSIP: 675232AB8<br>LEI: 549300L6PH74701W0R30 | Long             | DBT              | CORP              | US        |    252000 | PA      | $248762.28    | 0.02%             | 2028-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                              | TransDigm Inc                                                                    | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247625.19    | 0.02%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                  | SUNOCO LP                                                                        | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    779000 | PA      | $779616.73    | 0.07%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| H.B. FULLER CO                                             | HB Fuller Co                                                                     | CUSIP: 40410KAA3<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | DBT              | CORP              | US        |    316000 | PA      | $301332.73    | 0.03%             | 2028-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BOISE CASCADE COMPANY                                      | Boise Cascade Co                                                                 | CUSIP: 09739DAD2<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | DBT              | CORP              | US        |    357000 | PA      | $345494.03    | 0.03%             | 2030-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| VFH PARENT / VALOR CO                                      | VFH Parent LLC / Valor Co-Issuer Inc                                             | CUSIP: 91824YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $354755.32    | 0.03%             | 2031-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SALLY HOLDINGS/SALLY CAP                                   | Sally Holdings LLC / Sally Capital Inc                                           | CUSIP: 79546VAQ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    372000 | PA      | $378328.09    | 0.03%             | 2032-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PROG HOLDINGS INC                                          | PROG Holdings Inc                                                                | CUSIP: 74319RAA9<br>LEI: 549300DHYTLBOVRXIG52 | Long             | DBT              | CORP              | US        |    440000 | PA      | $418359.79    | 0.04%             | 2029-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CLUE OPCO LLC                                              | Clue Opco LLC                                                                    | CUSIP: 36267QAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    662000 | PA      | $682081.11    | 0.06%             | 2031-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: —       |
| CHS/COMMUNITY HEALTH SYS                                   | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1237000 | PA      | $1115032.86   | 0.10%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                              | ZF North America Capital Inc                                                     | CUSIP: 98877DAD7<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    452000 | PA      | $448352.04    | 0.04%             | 2028-04-14      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GRUBHUB HOLDINGS INC                                       | GrubHub Holdings Inc                                                             | CUSIP: 40010PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    495000 | PA      | $457258.43    | 0.04%             | 2027-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| BOMBARDIER INC                                             | Bombardier Inc                                                                   | CUSIP: 097751BX8<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   1069000 | PA      | $1068968.97   | 0.10%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                                   | Charles River Laboratories International Inc                                     | CUSIP: 159864AG2<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    405000 | PA      | $376271.85    | 0.03%             | 2029-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| XHR LP                                                     | XHR LP                                                                           | CUSIP: 98372MAC9<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              |  | US        |    439000 | PA      | $417259.49    | 0.04%             | 2029-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp                                                             | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    709000 | PA      | $687415.91    | 0.06%             | 2027-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CEC ENTERTAINMENT LLC                                      | CEC Entertainment LLC                                                            | CUSIP: 125137AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    544000 | PA      | $535746.62    | 0.05%             | 2026-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                          | Newell Brands Inc                                                                | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    704000 | PA      | $663129.13    | 0.06%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                      | Caesars Entertainment Inc                                                        | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    903000 | PA      | $866801.53    | 0.08%             | 2032-10-15      | Fixed         | 6.00%                 | 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        |    821000 | PA      | $746259.94    | 0.07%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                             | Transocean Inc                                                                   | CUSIP: 893830BZ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |    729000 | PA      | $627173.50    | 0.06%             | 2031-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                                   | Aptiv Swiss Holdings Ltd                                                         | CUSIP: 03837AAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    417000 | PA      | $409461.02    | 0.04%             | 2054-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CROWN AMERICAS LLC                                         | Crown Americas LLC                                                               | CUSIP: 228180AC9<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248485.52    | 0.02%             | 2033-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BWX TECHNOLOGIES INC                                       | BWX Technologies Inc                                                             | CUSIP: 05605HAB6<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |    374000 | PA      | $364237.96    | 0.03%             | 2028-06-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                                   | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    583000 | PA      | $575034.12    | 0.05%             | 2027-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NCR ATLEOS LLC                                             | NCR Atleos Corp                                                                  | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |   1127000 | PA      | $1231749.02   | 0.11%             | 2029-04-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                   | Celanese US Holdings LLC                                                         | CUSIP: 15089QAK0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    740000 | PA      | $709625.29    | 0.06%             | 2026-08-05      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| HTA GROUP LTD                                              | HTA Group Ltd/Mauritius                                                          | CUSIP: 40435WAC4<br>LEI: 213800WEFU8O8X6EPU13 | Long             | DBT              | CORP              | MU        |    500000 | PA      | $510510.00    | 0.05%             | 2029-06-04      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MERCER INTL INC                                            | Mercer International Inc                                                         | CUSIP: 588056BC4<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |    307000 | PA      | $305721.01    | 0.03%             | 2028-10-01      | Fixed         | 12.88%                | No            |                  2 | On Loan: No      |
| LINDBLAD EXPEDITIONS HO                                    | Lindblad Expeditions Holdings Inc                                                | CUSIP: 535219AA7<br>LEI: 549300GSPW24GZE6R597 | Long             | DBT              | CORP              | US        |    359000 | PA      | $371609.16    | 0.03%             | 2028-05-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                  | Ball Corp                                                                        | CUSIP: 058498AY2<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    892000 | PA      | $914126.06    | 0.08%             | 2028-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                      | Civitas Resources Inc                                                            | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   1054000 | PA      | $1063227.77   | 0.10%             | 2028-07-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                     | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1335000 | PA      | $1236712.36   | 0.11%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp                                                             | CUSIP: 682691AJ9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    560000 | PA      | $557314.41    | 0.05%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp                                                             | CUSIP: 85172FAR0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    678000 | PA      | $657456.60    | 0.06%             | 2029-11-15      | Fixed         | 5.38%                 | 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        |    707000 | PA      | $726355.54    | 0.07%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                        | NCL Corp Ltd                                                                     | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   1300000 | PA      | $1301054.48   | 0.12%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                          | Iron Mountain Inc                                                                | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    753000 | PA      | $760670.81    | 0.07%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Navient Corp                                               | Navient Corp                                                                     | CUSIP: 63938CAJ7<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    436000 | PA      | $441776.56    | 0.04%             | 2026-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                   | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    557000 | PA      | $541672.31    | 0.05%             | 2027-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                                   | LCM Investments Holdings II LLC                                                  | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    745000 | PA      | $718270.52    | 0.06%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                     | Match Group Holdings II LLC                                                      | CUSIP: 57667JAA0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    316000 | PA      | $276598.69    | 0.02%             | 2031-10-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                  | Ball Corp                                                                        | CUSIP: 058498AW6<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |   1099000 | PA      | $974862.46    | 0.09%             | 2030-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| SUNNOVA ENERGY CORP                                        | Sunnova Energy Corp                                                              | CUSIP: 86745GAG8<br>LEI: 549300TH3GCD8YQUDR46 | Long             | DBT              | CORP              | US        |     65000 | PA      | $20964.45     | 0.00%             | 2028-10-01      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                         | CNX Resources Corp                                                               | CUSIP: 12653CAJ7<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    492000 | PA      | $488757.77    | 0.04%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WILTON RE LTD                                              | Wilton RE Ltd                                                                    | CUSIP: 97263CAA9<br>LEI: 5493004VQ9VSL29MT373 | Long             | DBT              | CORP              | CA        |    292000 | PA      | $294920.00    | 0.03%             | N/A             | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ACPRODUCTS HOLDINGS INC                                    | ACProducts Holdings Inc                                                          | CUSIP: 92641PAA4<br>LEI: 254900KTNXVUUHWHBF39 | Long             | DBT              | CORP              | US        |    503000 | PA      | $185256.31    | 0.02%             | 2029-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SUBURBAN PROPANE PARTNRS                                   | Suburban Propane Partners LP/Suburban Energy Finance Corp                        | CUSIP: 864486AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    455000 | PA      | $454276.69    | 0.04%             | 2027-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CENTURY COMMUNITIES                                        | Century Communities Inc                                                          | CUSIP: 156504AM4<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |    247000 | PA      | $224117.52    | 0.02%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HEALTHEQUITY INC                                           | HealthEquity Inc                                                                 | CUSIP: 42226AAA5<br>LEI: 529900LRJU1RAFQHM467 | Long             | DBT              | CORP              | US        |    530000 | PA      | $506843.88    | 0.05%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LABL INC                                                   | LABL Inc                                                                         | CUSIP: 50168QAE5<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |    312000 | PA      | $281368.84    | 0.03%             | 2028-11-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                   | Celanese US Holdings LLC                                                         | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    555000 | PA      | $559746.92    | 0.05%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GRAFTECH GLOBAL ENTERPRI                                   | GrafTech Global Enterprises Inc                                                  | CUSIP: 38431AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $273875.00    | 0.02%             | 2029-12-23      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| RANGE RESOURCES CORP                                       | Range Resources Corp                                                             | CUSIP: 75281ABK4<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |    464000 | PA      | $446288.98    | 0.04%             | 2030-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                                | Avient Corp                                                                      | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |    329000 | PA      | $329720.84    | 0.03%             | 2031-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                                     | AthenaHealth Group Inc                                                           | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |   1685000 | PA      | $1624967.66   | 0.15%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| INTERFACE INC                                              | Interface Inc                                                                    | CUSIP: 458665AS5<br>LEI: 549300VXZWQOIDFPU355 | Long             | DBT              | CORP              | US        |    429000 | PA      | $423555.65    | 0.04%             | 2028-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                                   | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp               | CUSIP: 505742AM8<br>LEI: N/A                  | Long             | DBT              |  | US        |    588000 | PA      | $575629.01    | 0.05%             | 2027-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                                        | NuStar Logistics LP                                                              | CUSIP: 67059TAH8<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    445000 | PA      | $453677.49    | 0.04%             | 2030-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TURNING POINT BRANDS INC                                   | Turning Point Brands Inc                                                         | CUSIP: 90041LAG0<br>LEI: 549300IYG00QF0VVP302 | Long             | DBT              | CORP              | US        |    200000 | PA      | $210803.20    | 0.02%             | 2032-03-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| DANA INC                                                   | Dana Inc                                                                         | CUSIP: 235825AG1<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    353000 | PA      | $351603.28    | 0.03%             | 2028-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SK INVICTUS INTERMEDIATE                                   | SK Invictus Intermediate II Sarl                                                 | CUSIP: 29977LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    604000 | PA      | $574366.55    | 0.05%             | 2029-10-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                      | Bausch Health Cos Inc                                                            | CUSIP: 071734AH0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    314000 | PA      | $248907.80    | 0.02%             | 2028-01-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| BOOST NEWCO BORROWER LLC                                   | Boost Newco Borrower LLC                                                         | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |   1714000 | PA      | $1814584.38   | 0.16%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                             | NRG Energy Inc                                                                   | CUSIP: 629377CR1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    877000 | PA      | $796060.97    | 0.07%             | 2031-02-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                                | Wayfair LLC                                                                      | CUSIP: 94419NAA5<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |    564000 | PA      | $550707.76    | 0.05%             | 2029-10-31      | Fixed         | 7.25%                 | 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        |    400000 | PA      | $400952.40    | 0.04%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                        | Sirius XM Radio LLC                                                              | CUSIP: 82967NBC1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    950000 | PA      | $935056.60    | 0.08%             | 2029-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH AMERICAS                                     | Bausch Health Americas Inc                                                       | CUSIP: 91911XAW4<br>LEI: KOO0397YRO83WY5MGD97 | Long             | DBT              | CORP              | US        |    402000 | PA      | $379208.61    | 0.03%             | 2027-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| LONG RIDGE ENERGY LLC                                      | Long Ridge Energy LLC                                                            | CUSIP: 54288CAA1<br>LEI: 984500764EC9AZ2FC764 | Long             | DBT              | CORP              | US        |    450000 | PA      | $453874.95    | 0.04%             | 2032-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| GEO GROUP INC/THE                                          | GEO Group Inc/The                                                                | CUSIP: 36162JAH9<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |    599000 | PA      | $657137.03    | 0.06%             | 2031-04-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| PEBBLEBROOK HOTEL/FINANC                                   | Pebblebrook Hotel LP / PEB Finance Corp                                          | CUSIP: 70510LAA7<br>LEI: N/A                  | Long             | DBT              |  | US        |    193000 | PA      | $192084.79    | 0.02%             | 2029-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                                   | Live Nation Entertainment Inc                                                    | CUSIP: 538034AR0<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    779000 | PA      | $767351.38    | 0.07%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                           | GGAM Finance Ltd                                                                 | CUSIP: 36170JAE6<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    190000 | PA      | $189525.00    | 0.02%             | 2030-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TRONOX INC                                                 | Tronox Inc                                                                       | CUSIP: 897051AC2<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |    809000 | PA      | $677215.60    | 0.06%             | 2029-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ARETEC GROUP INC                                           | Aretec Group Inc                                                                 | CUSIP: 040133AA8<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |    518000 | PA      | $517985.03    | 0.05%             | 2029-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WEATHERFORD INTERNATIONA                                   | Weatherford International Ltd                                                    | CUSIP: 947075AU1<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |   1246000 | PA      | $1266613.82   | 0.11%             | 2030-04-30      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                                       | Pilgrim's Pride Corp                                                             | CUSIP: 72147KAK4<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |   1055000 | PA      | $1096356.00   | 0.10%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TELESAT CANADA/TELESAT L                                   | Telesat Canada / Telesat LLC                                                     | CUSIP: 87952VAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    306000 | PA      | $117810.00    | 0.01%             | 2027-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                   | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AQ4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    585000 | PA      | $594393.93    | 0.05%             | 2032-04-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| CITGO PETROLEUM CORP                                       | CITGO Petroleum Corp                                                             | CUSIP: 17302XAM8<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |    365000 | PA      | $365846.54    | 0.03%             | 2026-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST                                   | Fortress Transportation and Infrastructure Investors LLC                         | CUSIP: 34960PAE1<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    598000 | PA      | $628814.34    | 0.06%             | 2030-12-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| COINBASE GLOBAL INC                                        | Coinbase Global Inc                                                              | CUSIP: 19260QAC1<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |    584000 | PA      | $543517.12    | 0.05%             | 2028-10-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| OLIN CORP                                                  | Olin Corp                                                                        | CUSIP: 680665AN6<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    636000 | PA      | $609552.70    | 0.05%             | 2033-04-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Service Properties Trust                                   | Service Properties Trust                                                         | CUSIP: 44106MAX0<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    576000 | PA      | $515076.83    | 0.05%             | 2028-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| K HOVNANIAN ENTERPRISES                                    | K Hovnanian Enterprises Inc                                                      | CUSIP: 48251UAM0<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |    433000 | PA      | $466903.90    | 0.04%             | 2029-09-30      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                                          | Iliad Holding SASU                                                               | CUSIP: 449691AG9<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    616000 | PA      | $620729.97    | 0.06%             | 2032-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| STONEPEAK NILE PARENT                                      | Stonepeak Nile Parent LLC                                                        | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |    512000 | PA      | $530662.40    | 0.05%             | 2032-03-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                              | CommScope LLC                                                                    | CUSIP: 203372AV9<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    552000 | PA      | $531307.25    | 0.05%             | 2028-07-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| MANITOWOC COMPANY INC                                      | Manitowoc Co Inc/The                                                             | CUSIP: 563571AN8<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | DBT              | CORP              | US        |    336000 | PA      | $350525.82    | 0.03%             | 2031-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| DIEBOLD NIXDORF INC                                        | Diebold Nixdorf Inc                                                              | CUSIP: 253651AK9<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |    605000 | PA      | $637432.24    | 0.06%             | 2030-03-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GRIFFON CORPORATION                                        | Griffon Corp                                                                     | CUSIP: 398433AP7<br>LEI: 5493000C2SGNC7ZN3242 | Long             | DBT              | CORP              | US        |    897000 | PA      | $892209.30    | 0.08%             | 2028-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                                   | Graphic Packaging International LLC                                              | CUSIP: 38869AAE7<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    254000 | PA      | $254692.66    | 0.02%             | 2032-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC                                                 | Arcosa Inc                                                                       | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |    318000 | PA      | $326304.25    | 0.03%             | 2032-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                         | CNX Resources Corp                                                               | CUSIP: 12653CAK4<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    487000 | PA      | $498950.49    | 0.04%             | 2031-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                            | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AE4<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    551000 | PA      | $508703.64    | 0.05%             | 2032-01-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                                     | Lumen Technologies Inc                                                           | CUSIP: 156700AM8<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    339000 | PA      | $287302.50    | 0.03%             | 2039-09-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                                   | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                           | CUSIP: 03969AAP5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    518000 | PA      | $236163.97    | 0.02%             | 2027-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                     | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    778000 | PA      | $778539.39    | 0.07%             | 2030-12-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Seagate HDD Cayman                                         | Seagate HDD Cayman                                                               | CUSIP: 81180WAN1<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |    350000 | PA      | $343954.14    | 0.03%             | 2034-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VALLOUREC SACA                                             | Vallourec SACA                                                                   | CUSIP: 92023RAA8<br>LEI: 969500P2Q1B47H4MCJ34 | Long             | DBT              | CORP              | FR        |    468000 | PA      | $488910.71    | 0.04%             | 2032-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp                                                             | CUSIP: 682695AA9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    684000 | PA      | $717334.85    | 0.06%             | 2029-01-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| LCPR SR SECURED FIN DAC                                    | LCPR Senior Secured Financing DAC                                                | CUSIP: 50201DAD5<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | IE        |    703000 | PA      | $454313.75    | 0.04%             | 2029-07-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                          | Service Corp International/US                                                    | CUSIP: 817565CH5<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    686000 | PA      | $682562.18    | 0.06%             | 2032-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VICTRA HLDG/VICTRA FIN                                     | Victra Holdings LLC / Victra Finance Corp                                        | CUSIP: 92648DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    178000 | PA      | $181963.88    | 0.02%             | 2029-09-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PAPA JOHN'S INTERNATIONA                                   | Papa John's International Inc                                                    | CUSIP: 698813AA0<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | DBT              | CORP              | US        |    676000 | PA      | $631164.77    | 0.06%             | 2029-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                                         | CP Atlas Buyer Inc                                                               | CUSIP: 12597YAA7<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |    523000 | PA      | $434689.36    | 0.04%             | 2028-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| VENTURE GLOBAL LNG INC                                     | Venture Global LNG Inc                                                           | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   1722000 | PA      | $1749366.02   | 0.16%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| GYP HOLDINGS III CORP                                      | GYP Holdings III Corp                                                            | CUSIP: 36261NAA5<br>LEI: 549300055I1KJWZH9690 | Long             | DBT              | CORP              | US        |    401000 | PA      | $385510.13    | 0.03%             | 2029-05-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SLM CORP                                                   | SLM Corp                                                                         | CUSIP: 78442PGF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $361133.46    | 0.03%             | 2030-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                      | Williams Scotsman Inc                                                            | CUSIP: 96950GAE2<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    421000 | PA      | $411027.90    | 0.04%             | 2028-08-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                               | Novelis Corp                                                                     | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   1398000 | PA      | $1329993.73   | 0.12%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                      | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAC1<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    556000 | PA      | $535909.27    | 0.05%             | 2031-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| INEOS FINANCE PLC                                          | INEOS Finance PLC                                                                | CUSIP: 44984WAJ6<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |    275000 | PA      | $270515.69    | 0.02%             | 2029-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                        | NCL Corp Ltd                                                                     | CUSIP: 62886HBG5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    399000 | PA      | $419761.57    | 0.04%             | 2029-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| WHITE CAP BUYER LLC                                        | White Cap Buyer LLC                                                              | CUSIP: 96350RAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    646000 | PA      | $633808.56    | 0.06%             | 2028-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ZIPRECRUITER INC                                           | ZipRecruiter Inc                                                                 | CUSIP: 98980BAA1<br>LEI: 549300HLOVNNFCY2IV80 | Long             | DBT              | CORP              | US        |    592000 | PA      | $511152.69    | 0.05%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I                                     | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAD2<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    580000 | PA      | $597905.18    | 0.05%             | 2032-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                        | NOVA Chemicals Corp                                                              | CUSIP: 66977WAV1<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $209298.00    | 0.02%             | 2031-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ENERGEAN PLC                                               | Energean PLC                                                                     | CUSIP: 29280EAA7<br>LEI: 549300RVMKU0CYUZBB05 | Long             | DBT              | CORP              | GB        |    447000 | PA      | $438730.50    | 0.04%             | 2027-04-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                   | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAC0<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    909000 | PA      | $831407.76    | 0.07%             | 2028-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| COMPASS MINERALS INTERNA                                   | Compass Minerals International Inc                                               | CUSIP: 20451NAG6<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |    371000 | PA      | $371240.52    | 0.03%             | 2027-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                   | Olympus Water US Holding Corp                                                    | CUSIP: 681639AA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    419000 | PA      | $395245.57    | 0.04%             | 2028-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Transocean Inc                                             | Transocean Inc                                                                   | CUSIP: 893830AF6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |    335000 | PA      | $263674.55    | 0.02%             | 2031-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| INNOPHOS HOLDINGS INC                                      | Innophos Holdings Inc                                                            | CUSIP: 45774NAD0<br>LEI: XQ0331QX53IRX25OY417 | Long             | DBT              | CORP              | US        |    422000 | PA      | $425641.86    | 0.04%             | 2029-06-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| TRANSALTA CORP                                             | TransAlta Corp                                                                   | CUSIP: 89346DAH0<br>LEI: 984500EE2ADD850F1C96 | Long             | DBT              | CORP              | CA        |    480000 | PA      | $500420.16    | 0.05%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                             | Bombardier Inc                                                                   | CUSIP: 097751BZ3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    664000 | PA      | $687760.09    | 0.06%             | 2029-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                                | Gap Inc/The                                                                      | CUSIP: 364760AP3<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |    555000 | PA      | $507488.95    | 0.05%             | 2029-10-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                                    | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $252073.01    | 0.02%             | 2032-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION INSURC INC                                   | Constellation Insurance Inc                                                      | CUSIP: 67740QAG1<br>LEI: 549300K609B872PZT291 | Long             | DBT              | CORP              | US        |    250000 | PA      | $238983.43    | 0.02%             | 2031-05-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| Nordstrom Inc                                              | Nordstrom Inc                                                                    | CUSIP: 655664AH3<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    254000 | PA      | $257026.96    | 0.02%             | 2028-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                      | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    981000 | PA      | $934278.11    | 0.08%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FULL HOUSE RESORTS INC                                     | Full House Resorts Inc                                                           | CUSIP: 359678AC3<br>LEI: 5493009DKIWW0H901Y82 | Long             | DBT              | CORP              | US        |    398000 | PA      | $381063.19    | 0.03%             | 2028-02-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| HILLENBRAND INC                                            | Hillenbrand Inc                                                                  | CUSIP: 431571AB4<br>LEI: U246OE781574J2BUD366 | Long             | DBT              | CORP              | US        |    465000 | PA      | $462505.28    | 0.04%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                   | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    418000 | PA      | $396935.18    | 0.04%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                     | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1215000 | PA      | $1198974.88   | 0.11%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                      | Level 3 Financing Inc                                                            | CUSIP: 527298BV4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    879000 | PA      | $998250.10    | 0.09%             | 2029-11-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                      | Bausch Health Cos Inc                                                            | CUSIP: 071734AL1<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    379000 | PA      | $203083.10    | 0.02%             | 2031-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATI                                   | Consolidated Communications Inc                                                  | CUSIP: 20903XAF0<br>LEI: 549300WW675Y48HDVX34 | Long             | DBT              | CORP              | US        |    291000 | PA      | $297639.46    | 0.03%             | 2028-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                                          | Rakuten Group Inc                                                                | CUSIP: 75102WAB4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    767000 | PA      | $696254.53    | 0.06%             | N/A             | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CENTURY ALUMINUM COMPANY                                   | Century Aluminum Co                                                              | CUSIP: 156431AN8<br>LEI: 549300U5ODNGEYWKSW73 | Long             | DBT              | CORP              | US        |    207000 | PA      | $211612.58    | 0.02%             | 2028-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                      | Level 3 Financing Inc                                                            | CUSIP: 527298CF8<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    498000 | PA      | $422055.00    | 0.04%             | 2030-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| CLOUD SOFTWARE GRP INC                                     | Cloud Software Group Inc                                                         | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   3659000 | PA      | $3657938.52   | 0.33%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC                                   | Liberty Mutual Group Inc                                                         | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    309000 | PA      | $297579.27    | 0.03%             | 2051-12-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                      | Level 3 Financing Inc                                                            | CUSIP: 527298BZ5<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    426000 | PA      | $481380.00    | 0.04%             | 2030-12-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| TASEKO MINES LTD                                           | Taseko Mines Ltd                                                                 | CUSIP: 876511AG1<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |    605000 | PA      | $622351.01    | 0.06%             | 2030-05-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                              | Carnival Corp                                                                    | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    950000 | PA      | $952812.95    | 0.09%             | 2030-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                           | Paramount Global                                                                 | CUSIP: 92553PBC5<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    593000 | PA      | $559731.47    | 0.05%             | 2057-02-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| INGEVITY CORP                                              | Ingevity Corp                                                                    | CUSIP: 45688CAB3<br>LEI: 5493009UTFC4B5IMGF87 | Long             | DBT              | CORP              | US        |    484000 | PA      | $455310.27    | 0.04%             | 2028-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| EZCORP INC                                                 | EZCORP Inc                                                                       | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |    302000 | PA      | $314155.80    | 0.03%             | 2032-04-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                                   | Jefferies Finance LLC / JFIN Co-Issuer Corp                                      | CUSIP: 47232MAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    370000 | PA      | $366646.91    | 0.03%             | 2031-10-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ATKORE INC                                                 | Atkore Inc                                                                       | CUSIP: 047649AA6<br>LEI: 52990002TI38AM4RPV48 | Long             | DBT              | CORP              | US        |    505000 | PA      | $459065.25    | 0.04%             | 2031-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC                                            | Global Atlantic Fin Co                                                           | CUSIP: 37959GAC1<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    570000 | PA      | $553042.12    | 0.05%             | 2051-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                    | Starwood Property Trust Inc                                                      | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    200000 | PA      | $202985.60    | 0.02%             | 2030-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PHINIA INC                                                 | Phinia Inc                                                                       | CUSIP: 71880KAB7<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |    457000 | PA      | $454734.42    | 0.04%             | 2032-10-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| PTC Inc                                                    | PTC Inc                                                                          | CUSIP: 69370CAC4<br>LEI: 54930050SSMU8SKDJ030 | Long             | DBT              | CORP              | US        |    483000 | PA      | $469075.83    | 0.04%             | 2028-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT INC                                              | Open Text Holdings Inc                                                           | CUSIP: 683720AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    574000 | PA      | $536472.28    | 0.05%             | 2030-02-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                                   | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAR4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    691000 | PA      | $701930.24    | 0.06%             | 2028-12-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                             | Whirlpool Corp                                                                   | CUSIP: 963320AY2<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    250000 | PA      | $205819.10    | 0.02%             | 2031-05-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| TTM TECHNOLOGIES INC                                       | TTM Technologies Inc                                                             | CUSIP: 87305RAK5<br>LEI: 549300SC4BDOIS008048 | Long             | DBT              | CORP              | US        |    409000 | PA      | $389553.32    | 0.04%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                              | Carnival Corp                                                                    | CUSIP: 143658BZ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    250000 | PA      | $250306.25    | 0.02%             | 2031-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                   | Builders FirstSource Inc                                                         | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    400000 | PA      | $402775.98    | 0.04%             | 2035-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| COEUR MINING INC                                           | Coeur Mining Inc                                                                 | CUSIP: 192108BC1<br>LEI: 5493003AVK173D48DR70 | Long             | DBT              | CORP              | US        |    469000 | PA      | $451789.06    | 0.04%             | 2029-02-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                                   | Encore Capital Group Inc                                                         | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    847000 | PA      | $904172.50    | 0.08%             | 2029-04-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                                     | Harvest Midstream I LP                                                           | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    375000 | PA      | $385622.25    | 0.03%             | 2032-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| KAROON USA FINANCE INC                                     | Karoon USA Finance Inc                                                           | CUSIP: 48575AAA9<br>LEI: 254900I4IZ164TOMZH46 | Long             | DBT              | CORP              | US        |    382000 | PA      | $382117.81    | 0.03%             | 2029-05-14      | Fixed         | 10.50%                | No            |                  2 | On Loan: —       |
| ZF NA CAPITAL                                              | ZF North America Capital Inc                                                     | CUSIP: 98877DAF2<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    690000 | PA      | $655972.72    | 0.06%             | 2030-04-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CMG MEDIA CORPORATION                                      | CMG Media Corp                                                                   | CUSIP: 125773AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    542000 | PA      | $499995.00    | 0.05%             | 2029-06-18      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                     | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAA3<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    400000 | PA      | $403715.20    | 0.04%             | 2029-04-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                                   | Walgreens Boots Alliance Inc                                                     | CUSIP: 931427AS7<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |    671000 | PA      | $639434.55    | 0.06%             | 2030-04-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp                                                             | CUSIP: 682691AA8<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    801000 | PA      | $721477.76    | 0.07%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                            | CVS Health Corp                                                                  | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    755000 | PA      | $736798.38    | 0.07%             | 2054-12-10      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                                   | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    690000 | PA      | $724142.58    | 0.07%             | 2031-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                      | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102BT3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    423000 | PA      | $419362.45    | 0.04%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                          | Service Corp International/US                                                    | CUSIP: 817565CE2<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    863000 | PA      | $854577.90    | 0.08%             | 2029-06-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                        | Buckeye Partners LP                                                              | CUSIP: 118230AW1<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    463000 | PA      | $478203.99    | 0.04%             | 2030-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                   | Celanese US Holdings LLC                                                         | CUSIP: 15089QAX2<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    852000 | PA      | $878667.60    | 0.08%             | 2030-11-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| CROCS INC                                                  | Crocs Inc                                                                        | CUSIP: 227046AB5<br>LEI: 549300B0J6YCXD63OG72 | Long             | DBT              | CORP              | US        |    316000 | PA      | $280909.72    | 0.03%             | 2031-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| PIKE CORP                                                  | Pike Corp                                                                        | CUSIP: 721283AB5<br>LEI: 549300P4EKEP6HK0NC58 | Long             | DBT              | CORP              | US        |    274000 | PA      | $295462.42    | 0.03%             | 2031-01-31      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| METHANEX US OPERATIONS                                     | Methanex US Operations Inc                                                       | CUSIP: 59151LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    424000 | PA      | $410703.70    | 0.04%             | 2032-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                             | Sabre GLBL Inc                                                                   | CUSIP: 78573NAJ1<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    544000 | PA      | $560064.35    | 0.05%             | 2027-06-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                      | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    382000 | PA      | $395617.54    | 0.04%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| OFFICE PPTY INCOME TRST                                    | Office Properties Income Trust                                                   | CUSIP: 67623CAM1<br>LEI: N/A                  | Long             | DBT              |  | US        |    245222 | PA      | $196534.16    | 0.02%             | 2027-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW CAN INFRA HOLD                                   | South Bow Canadian Infrastructure Holdings Ltd                                   | CUSIP: 836720AF9<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |    477000 | PA      | $481927.89    | 0.04%             | 2055-03-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                             | Bombardier Inc                                                                   | CUSIP: 097751CA7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    714000 | PA      | $767234.41    | 0.07%             | 2030-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                             | CVR Energy Inc                                                                   | CUSIP: 12662PAF5<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |    500000 | PA      | $488538.75    | 0.04%             | 2029-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| PHH ESCROW ISS LCC/PHH C                                   | PHH Escrow Issuer LLC/PHH Corp                                                   | CUSIP: 716964AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    269000 | PA      | $264389.34    | 0.02%             | 2029-11-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| OWENS & MINOR INC                                          | Owens & Minor Inc                                                                | CUSIP: 690732AH5<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |    900000 | PA      | $941160.60    | 0.08%             | 2030-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP                                      | Encompass Health Corp                                                            | CUSIP: 29261AAB6<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |    597000 | PA      | $582501.56    | 0.05%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CNT PRNT/CDK GLO II/FIN                                    | Central Parent LLC / CDK Global II LLC / CDK Financing Co Inc                    | CUSIP: 154915AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    620000 | PA      | $556045.51    | 0.05%             | 2029-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE                                          | Rivers Enterprise Borrower LLC / Rivers Enterprise Finance Corp                  | CUSIP: 76883NAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $493574.40    | 0.04%             | 2033-02-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                                     | Delek Logistics Partners LP / Delek Logistics Finance Corp                       | CUSIP: 24665FAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    395000 | PA      | $397973.17    | 0.04%             | 2028-06-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA CAPITAL                                     | Telecom Italia Capital SA                                                        | CUSIP: 87927VAM0<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |    815000 | PA      | $799782.24    | 0.07%             | 2034-09-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHOBANI LLC/FINANCE CORP                                   | Chobani LLC / Chobani Finance Corp Inc                                           | CUSIP: 17027NAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    396000 | PA      | $386083.41    | 0.03%             | 2028-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| AG ISSUER LLC                                              | AG Issuer LLC                                                                    | CUSIP: 00119LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    566000 | PA      | $566400.29    | 0.05%             | 2028-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY                                             | Ryan Specialty LLC                                                               | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |    791000 | PA      | $786674.02    | 0.07%             | 2032-08-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                                     | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAQ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    574000 | PA      | $574052.23    | 0.05%             | 2027-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PATTERN ENERGY OP LP/PAT                                   | Pattern Energy Operations LP / Pattern Energy Operations Inc                     | CUSIP: 70339PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    468000 | PA      | $449384.93    | 0.04%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPCO/FINCO                                        | Go Daddy Operating Co LLC / GD Finance Co Inc                                    | CUSIP: 38016LAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    248000 | PA      | $231730.80    | 0.02%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| RESORTS WORLD/RWLV CAP                                     | Resorts World Las Vegas LLC / RWLV Capital Inc                                   | CUSIP: 76120HAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    725000 | PA      | $636222.41    | 0.06%             | 2029-04-16      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| KIMMERIDGE TEXAS GAS LLC                                   | Kimmeridge Texas Gas LLC                                                         | CUSIP: 49446BAA2<br>LEI: 254900LM244SIFQ1QY31 | Long             | DBT              | CORP              | US        |    490000 | PA      | $484752.10    | 0.04%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                                       | Chart Industries Inc                                                             | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    910000 | PA      | $950996.41    | 0.09%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                    | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1196000 | PA      | $1209507.62   | 0.11%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                      | Civitas Resources Inc                                                            | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   1069000 | PA      | $1046503.79   | 0.09%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| MAJORDRIVE HOLDINGS IV L                                   | MajorDrive Holdings IV LLC                                                       | CUSIP: 56085RAA8<br>LEI: 25490044R1FR5N8FIT62 | Long             | DBT              | CORP              | US        |    491000 | PA      | $372327.90    | 0.03%             | 2029-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                                | Staples Inc                                                                      | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |   1729000 | PA      | $1573876.71   | 0.14%             | 2029-09-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS                                    | Surgery Center Holdings Inc                                                      | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |    759000 | PA      | $758484.03    | 0.07%             | 2032-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                             | Whirlpool Corp                                                                   | CUSIP: 963320BA3<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    250000 | PA      | $235783.43    | 0.02%             | 2033-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CONCENTRA HEALTH SERVICE                                   | Concentra Health Services Inc                                                    | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |    674000 | PA      | $694271.90    | 0.06%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SUNRISE FINCO I BV                                         | Sunrise FinCo I BV                                                               | CUSIP: 90320BAA7<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |    736000 | PA      | $684001.60    | 0.06%             | 2031-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                       | WR Grace Holdings LLC                                                            | CUSIP: 92943GAD3<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    785000 | PA      | $774958.28    | 0.07%             | 2027-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                                                 | Terex Corp                                                                       | CUSIP: 880779BA0<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |    566000 | PA      | $545765.05    | 0.05%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-24

**Name of Applicant:** SCHWAB STRATEGIC TRUST

**Signature:** Dana Smith

**Name of Signer:** Dana Smith

**Title:** CFO