# EDGAR Filing Document

**Accession Number:** 0001742912
**File Stem:** 0001145549-23-002839
**Filing Date:** 2023-1
**Character Count:** 124714
**Document Hash:** f157d66dc4069bb6610bfafcad97d05a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-002839.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001145549-23-002839

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tidal ETF Trust
- **CENTRAL INDEX KEY:** 0001742912
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23377
- **FILM NUMBER:** 23555989

**BUSINESS ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 203
- **CITY:** MILWAUKEE,
- **STATE:** WI
- **ZIP:** 53204
- **BUSINESS PHONE:** 844-986-7676

**MAIL ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 203
- **CITY:** MILWAUKEE,
- **STATE:** WI
- **ZIP:** 53204

## Series and Classes Contracts Data

### SoFi Weekly Income ETF (Series ID: S000069652)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000222138 | SoFi Weekly Income ETF | TGIF            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **SoFi Weekly Income ETF** | **SoFi Weekly Income ETF** | **SoFi Weekly Income ETF** |
| **SCHEDULE OF INVESTMENTS at November 30, 2022 (Unaudited)** | **SCHEDULE OF INVESTMENTS at November 30, 2022 (Unaudited)** | **SCHEDULE OF INVESTMENTS at November 30, 2022 (Unaudited)** |
|  | **Prinicpal Amount** | **Value** |
| **Asset Backed Securities - 3.6%** | | |
| AB Issuer, LLC, Series 2021-1, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp; 3.734% , 07/30/2051 | $89325 | $72459 |
| Applebee's Funding, LLC / IHOP Funding, LLC, Series 2019-1A, Class A2I |  |  |
| &nbsp;&nbsp;&nbsp; 4.194% , 06/05/2049 | 198000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188067 |
| DB Master Finance, LLC, Series 2021-1A, Class A2I |  |  |
| &nbsp;&nbsp;&nbsp; 2.045% , 11/20/2051 | 79200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68161 |
| Hardee's Funding, LLC, Series 2021-1A, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp; 2.865% , 06/20/2051 | 148125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117827 |
| ITE Rail Fund Levered L.P., Series 2021-1A, Class A |  |  |
| &nbsp;&nbsp;&nbsp; 2.250% , 02/28/2051 | 91665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75738 |
| Planet Fitness Master Issuer, LLC, Series 2022-1A, Class A2I |  |  |
| &nbsp;&nbsp;&nbsp; 3.251% , 12/05/2051 | 74625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65005 |
| ServiceMaster Funding, LLC, Series 2020-1, Class A2II |  |  |
| &nbsp;&nbsp;&nbsp; 3.337% , 01/30/2051 | 112988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85395 |
| SERVPRO Master Issuer, LLC, Series 2021-1A, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp; 2.394% , 04/25/2051 | 124110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97409 |
| Wendy's Funding, LLC, Series 2021-1A, Class A2II |  |  |
| &nbsp;&nbsp;&nbsp; 2.775% , 06/15/2051 | 98750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76642 |
| **Total Asset Backed Securities** |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $1,006,649) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 846703 |
| **Corporate Bonds - 91.5%** |  |  |
| **Advertising - 0.3%** |  |  |
| Lamar Media Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.750% , 02/15/2028 | 72000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65157 |
| **Aerospace & Defense - 3.0%** |  |  |
| The Boeing Co. |  |  |
| &nbsp;&nbsp;&nbsp; 2.196% , 02/04/2026 | 130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118229 |
| Bombardier, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.875% , 04/15/2027 | 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123150 |
| Howmet Aerospace, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.875% , 05/01/2025 | 222000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 227074 |
| Spirit AeroSystems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.850% , 06/15/2026 | 130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116394 |
| TransDigm, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.250% , 03/15/2026 | 122000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121555 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 706402 |
| **Agriculture - 0.7%** |  |  |
| BAT International Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.448% , 03/16/2028 | 78000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72723 |
| Vector Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.750% , 02/01/2029 | 120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104376 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177099 |
| **Airlines - 1.8%** |  |  |
| Delta Air Lines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.375% , 01/15/2026 | 161000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166543 |
| Mileage Plus Holdings, LLC / Mileage Plus Intellectual Property Assets Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 6.500% , 06/20/2027 | 226100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225251 |
| United Airlines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.375% , 04/15/2026 | 44000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41009 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 432803 |
| **Apparel - 0.7%** |  |  |
| Hanesbrands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.875% , 05/15/2026 | 188000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171354 |
| **Auto Manufacturers - 2.2%** |  |  |
| Allison Transmission, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.750% , 10/01/2027 | 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 139280 |
| Ford Motor Credit Co, LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.664% , 09/08/2024 | 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 384514 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 523794 |
| **Auto Parts & Equipment - 1.0%** |  |  |
| Dana, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.375% , 11/15/2027 | 144000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132108 |
| The Goodyear Tire & Rubber Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.875% , 03/15/2027 <sup>(7)</sup> | 111000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103968 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 236076 |
| **Banks - 3.3%** |  |  |
| Barclays PLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.304% (3 Month LIBOR USD - 2.3000%), 08/09/2026 <sup>(1)(2)</sup> | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 196779 |
| Citizens Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.000% (3 Month LIBOR USD - 3.003%), 07/6/2023 <sup>(1)(2)(3)</sup> | 189000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 173855 |
| Credit Suisse AG |  |  |
| &nbsp;&nbsp;&nbsp; 0.495% , 02/02/2024 | 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 228438 |
| NatWest Group PLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.000% (5 Year CMT Rate + 5.625%), 12/29/2025 <sup>(1)(2)(3)</sup> | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183500 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 782572 |
| **Building Materials - 1.1%** |  |  |
| Eco Material Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.875% , 01/31/2027 | 129000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122911 |
| Smyrna Ready Mix Concrete, LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.000% , 11/01/2028 | 146000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130206 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 253117 |
| **Chemicals - 1.3%** |  |  |
| Celanese US Holdings, LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.900% , 07/05/2024 | 84000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83516 |
| The Chemours Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.625% , 11/15/2029 | 56000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45185 |
| Methanex Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.250% , 12/01/2024 | 71000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68763 |
| Olin Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.125% , 09/15/2027 <sup>(7)</sup> | 124000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116383 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 313847 |
| **Commercial Services - 2.9%** |  |  |
| Allied Universal Holdco LLC / Allied Universal Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.625% , 07/15/2026 | 133000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126588 |
| Block, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.750% , 06/01/2026 | 133000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119023 |
| The Brink's Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.625% , 10/15/2027 | 149000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137162 |
| Global Payments, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.950% , 08/15/2027 | 120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116797 |
| United Rentals North America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.500% , 05/15/2027 | 66000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65194 |
| &nbsp;&nbsp;&nbsp; 6.000% , 12/15/2029 | 110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110760 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 675524 |
| **Computers - 0.6%** |  |  |
| KBR, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.750% , 09/30/2028 | 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133309 |
| **Distribution & Wholesale - 0.2%** |  |  |
| H&E Equipment Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.875% , 12/15/2028 | 67000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58015 |
| **Diversified Financial Services - 9.2%** |  |  |
| AerCap Holdings N.V. |  |  |
| &nbsp;&nbsp;&nbsp; 5.875% (5 Year CMT Rate + 4.535%), 10/10/2079 <sup>(1)(2)</sup> | 238000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220921 |
| Aircastle Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.250% , 06/15/2026 | 63000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58776 |
| Avolon Holdings Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.250% , 04/15/2026 | 167000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151623 |
| BGC Partners, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.375% , 12/15/2025 | 89000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83647 |
| Castlelake Aviation Finance DAC |  |  |
| &nbsp;&nbsp;&nbsp; 5.000% , 04/15/2027 | 94000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80057 |
| The Depository Trust & Clearing Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.375% (5 Year CMT Rate + 2.606%), 06/20/2026 <sup>(1)(2)(3)</sup> | 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 191580 |
| Navient Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.500% , 01/25/2023 | 323000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 322557 |
| &nbsp;&nbsp;&nbsp; 6.125% , 03/25/2024 | 60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59856 |
| &nbsp;&nbsp;&nbsp; 6.750% , 06/15/2026 | 159000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151716 |
| OneMain Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 7.125% , 03/15/2026 | 80000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77600 |
| &nbsp;&nbsp;&nbsp; 3.500% , 01/15/2027 | 317000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260222 |
| Oxford Finance LLC / Oxford Finance Co-Issuer II, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.375% , 02/01/2027 | 135000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126137 |
| Rocket Mortgage LLC / Rocket Mortgage Co-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.875% , 10/15/2026 | 217000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185300 |
| SLM Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.200% , 10/29/2025 | 56000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51475 |
| United Wholesale Mortgage, LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.500% , 11/15/2025 | 155000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143850 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2165317 |
| **Electric - 1.6%** |  |  |
| FirstEnergy Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.600% , 01/15/2026 | 56000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49607 |
| NextEra Energy Operating Partners L.P. |  |  |
| &nbsp;&nbsp;&nbsp; 4.250% , 09/15/2024 | 180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170359 |
| &nbsp;&nbsp;&nbsp; 3.875% , 10/15/2026 | 80000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75182 |
| TransAlta Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 7.750% , 11/15/2029 | 70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72003 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 367151 |
| **Electrical Components & Equipment - 0.8%** |  |  |
| EnerSys |  |  |
| &nbsp;&nbsp;&nbsp; 4.375% , 12/15/2027 | 222000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198018 |
| **Electronics - 0.3%** |  |  |
| Flex Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 6.000% , 01/15/2028 | 70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69351 |
| **Entertainment - 0.7%** |  |  |
| Caesars Entertainment, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.250% , 07/01/2025 | 163000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161317 |
| **Environmental Control - 1.0%** |  |  |
| Stericycle, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.375% , 07/15/2024 | 239000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 236491 |
| **Healthcare - Products - 0.7%** |  |  |
| Garden Spinco Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 8.625% , 07/20/2030 | 58000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61640 |
| Hologic, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.250% , 02/15/2029 | 114000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100340 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161980 |
| **Healthcare - Services - 2.2%** |  |  |
| Centene Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.450% , 07/15/2028 | 82000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69042 |
| Encompass Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.500% , 02/01/2028 | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90072 |
| HCA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.375% , 02/01/2025 | 206000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205757 |
| Tenet Healthcare Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.625% , 07/15/2024 | 42000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41160 |
| &nbsp;&nbsp;&nbsp; 5.125% , 11/01/2027 | 124000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116906 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 522937 |
| **Home Builders - 1.0%** |  |  |
| Ashton Woods USA LLC / Ashton Woods Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.625% , 04/01/2030 | 78000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60200 |
| LGI Homes, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.000% , 07/15/2029 | 111000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84000 |
| Tri Pointe Homes, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.700% , 06/15/2028 | 111000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100322 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 244522 |
| **Insurance - 1.8%** |  |  |
| NMI Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.375% , 06/01/2025 | 283000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 284861 |
| SBL Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.125% , 11/13/2026 | 172000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150435 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 435296 |
| **Internet - 1.2%** |  |  |
| Gen Digital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.000% , 04/15/2025 | 101000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98094 |
| Uber Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.500% , 05/15/2025 | 111000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111841 |
| &nbsp;&nbsp;&nbsp; 8.000% , 11/01/2026 | 63000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63803 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 273738 |
| **Investment Companies - 5.9%** |  |  |
| Bain Capital Specialty Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.950% , 03/10/2026 | 127000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109941 |
| Blackstone Private Credit Fund |  |  |
| &nbsp;&nbsp;&nbsp; 2.625% , 12/15/2026 | 222000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188747 |
| Icahn Enterprises LP / Icahn Enterprises Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.750% , 09/15/2024 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 192745 |
| &nbsp;&nbsp;&nbsp; 5.250% , 05/15/2027 | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46110 |
| Oaktree Specialty Lending Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.700% , 01/15/2027 | 133000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115929 |
| OWL Rock Core Income Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.700% , 02/08/2027 | 189000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171121 |
| Owl Rock Technology Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.750% , 12/15/2025 | 328000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 297994 |
| Prospect Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.875% , 03/15/2023 | 143000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142625 |
| Sixth Street Specialty Lending, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.875% , 11/01/2024 | 128000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122418 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1387630 |
| **Iron & Steel - 1.1%** |  |  |
| Cleveland-Cliffs, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.875% , 06/01/2027 | 122000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115645 |
| Mineral Resources Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 8.125% , 05/01/2027 | 67000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67912 |
| &nbsp;&nbsp;&nbsp; 8.000% , 11/01/2027 | 72000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74059 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 257616 |
| **Leisure Time - 1.1%** |  |  |
| Carnival Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 7.625% , 03/01/2026 <sup>(7)</sup> | 139000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117379 |
| NCL Corp. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.875% , 02/15/2027 | 78000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69551 |
| Royal Caribbean Cruises Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.250% , 07/01/2026 | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83015 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269945 |
| **Lodging - 0.3%** |  |  |
| Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.875% , 04/01/2027 | 63000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60669 |
| **Media - 6.4%** |  |  |
| AMC Networks, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.000% , 04/01/2024 | 237000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 226560 |
| CCO Holdings LLC / CCO Holdings Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.125% , 05/01/2027 | 198000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 187628 |
| &nbsp;&nbsp;&nbsp; 6.375% , 09/01/2029 <sup>(7)</sup> | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71540 |
| CSC Holdings, LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.250% , 06/01/2024 | 212000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 204540 |
| DISH DBS Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.000% , 03/15/2023 | 103000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102356 |
| &nbsp;&nbsp;&nbsp; 5.875% , 11/15/2024 | 37000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35209 |
| &nbsp;&nbsp;&nbsp; 5.250% , 12/01/2026 | 128000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110128 |
| Gray Television, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.000% , 05/15/2027 | 120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110475 |
| Midcontinent Communications / Midcontinent Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.375% , 08/15/2027 | 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59871 |
| Radiate Holdco LLC / Radiate Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.500% , 09/15/2026 | 130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106545 |
| Sirius XM Radio, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.125% , 09/01/2026 | 111000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100349 |
| &nbsp;&nbsp;&nbsp; 4.000% , 07/15/2028 | 176000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155728 |
| Univision Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.500% , 05/01/2029 | 56000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47737 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1518666 |
| **Metal Fabricate & Hardware - 0.5%** |  |  |
| Advanced Drainage Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.375% , 06/15/2030 | 124000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119485 |
| **Mining - 0.4%** |  |  |
| Hudbay Minerals, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.500% , 04/01/2026 | 111000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100657 |
| **Oil & Gas - 5.1%** |  |  |
| CNX Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 7.375% , 01/15/2031 | 70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70122 |
| EQT Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.125% , 02/01/2025 <sup>(4)</sup> | 237000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 238001 |
| Laredo Petroleum, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 9.500% , 01/15/2025 | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100147 |
| Occidental Petroleum Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.139%, 10/10/2036 <sup>(5)(6)</sup> | 264000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134100 |
| Parkland Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.875% , 07/15/2027 | 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144000 |
| Range Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.875% , 05/15/2025 | 165000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160100 |
| Southwestern Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp; 5.700% , 01/23/2025 <sup>(4)</sup> | 122000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120909 |
| Strathcona Resources Ltd/Alberta |  |  |
| &nbsp;&nbsp;&nbsp; 6.875% , 08/01/2026 | 126000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107308 |
| Sunoco LP / Sunoco Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.000% , 04/15/2027 | 133000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131276 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1205963 |
| **Oil & Gas Services - 0.5%** |  |  |
| Enerflex Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 9.000% , 10/15/2027 | 109000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107815 |
| **Packaging & Containers - 4.5%** |  |  |
| Berry Global, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.875% , 07/15/2026 | 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 288234 |
| Crown Americas LLC / Crown Americas Capital Corp VI |  |  |
| &nbsp;&nbsp;&nbsp; 4.750% , 02/01/2026 | 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145456 |
| Graphic Packaging International, LLC |  |  |
| &nbsp;&nbsp;&nbsp; 1.512% , 04/15/2026 | 162000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140978 |
| LABL, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.750% , 07/15/2026 | 206000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197001 |
| OI European Group BV |  |  |
| &nbsp;&nbsp;&nbsp; 4.750% , 02/15/2030 | 67000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57925 |
| Sealed Air Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.500% , 09/15/2025 | 183000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 181828 |
| Silgan Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.125% , 02/01/2028 | 56000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52643 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1064065 |
| **Pharmaceuticals - 1.3%** |  |  |
| Teva Pharmaceutical Finance Netherlands III BV |  |  |
| &nbsp;&nbsp;&nbsp; 2.800% , 07/21/2023 | 242000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 236295 |
| &nbsp;&nbsp;&nbsp; 3.150% , 10/01/2026 | 92000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80143 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 316438 |
| **Pipelines - 7.1%** |  |  |
| Buckeye Partners L.P. |  |  |
| &nbsp;&nbsp;&nbsp; 4.125% , 03/01/2025 | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48077 |
| &nbsp;&nbsp;&nbsp; 3.950% , 12/01/2026 | 172000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152065 |
| DCP Midstream L.P. |  |  |
| &nbsp;&nbsp;&nbsp; 7.375% (3 Month LIBOR USD + 5.148%), 12/15/2022 <sup>(1)(2)(3)</sup> | 56000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56151 |
| DCP Midstream Operating L.P. |  |  |
| &nbsp;&nbsp;&nbsp; 5.375% , 07/15/2025 | 217000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 214584 |
| Enterprise Products Operating, LLC |  |  |
| &nbsp;&nbsp;&nbsp; 7.630% (3 Month LIBOR USD + 2.986%), 08/16/2077 <sup>(1)</sup> | 193000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177261 |
| EQM Midstream Partners L.P. |  |  |
| &nbsp;&nbsp;&nbsp; 4.125% , 12/01/2026 | 78000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71783 |
| Genesis Energy LP / Genesis Energy Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.500% , 10/01/2025 | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96424 |
| Global Partners LP / GLP Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 7.000% , 08/01/2027 | 72000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68342 |
| Hess Midstream Operations L.P. |  |  |
| &nbsp;&nbsp;&nbsp; 5.125% , 06/15/2028 | 161000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151743 |
| MPLX L.P. |  |  |
| &nbsp;&nbsp;&nbsp; 6.875% (3 Month LIBOR USD + 4.652%) , 02/15/2023 <sup>(1)(2)(3)</sup> | 95000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94352 |
| New Fortress Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.500% , 09/30/2026 | 163000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157751 |
| NuStar Logistics L.P. |  |  |
| &nbsp;&nbsp;&nbsp; 5.750% , 10/01/2025 | 239000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 232704 |
| Western Midstream Operating L.P. |  |  |
| &nbsp;&nbsp;&nbsp; 3.950% , 06/01/2025 | 167000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160197 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1681434 |
| **Real Estate - 0.5%** |  |  |
| Newmark Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.125% , 11/15/2023 | 124000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123840 |
| **Real Estate Investment Trusts (REITs) - 4.5%** |  |  |
| Blackstone Mortgage Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.750% , 01/15/2027 | 106000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92544 |
| EPR Properties |  |  |
| &nbsp;&nbsp;&nbsp; 4.750% , 12/15/2026 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178533 |
| iStar, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.750% , 10/01/2024 | 138000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135953 |
| MPT Operating Partnership LP / MPT Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.000% , 10/15/2027 <sup>(7)</sup> | 248000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 212046 |
| Starwood Property Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.750% , 12/31/2024 | 56000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52980 |
| &nbsp;&nbsp;&nbsp; 4.750% , 03/15/2025 | 111000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106422 |
| VICI Properties LP / VICI Note Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.750% , 02/15/2027 | 311000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 280959 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1059437 |
| **Retail - 3.9%** |  |  |
| Academy Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 6.000% , 11/15/2027 | 120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113799 |
| Asbury Automotive Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.500% , 03/01/2028 | 156000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141383 |
| Bath & Body Works, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.694% , 01/15/2027 | 157000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153340 |
| FirstCash, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.625% , 09/01/2028 | 130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114593 |
| Group 1 Automotive, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.000% , 08/15/2028 | 144000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122321 |
| Macy's Retail Holdings, LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.875% , 03/15/2030 | 86000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77731 |
| QVC, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.850% , 04/01/2024 | 93000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88654 |
| &nbsp;&nbsp;&nbsp; 4.750% , 02/15/2027 | 144000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108360 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 920181 |
| **Semiconductors - 1.0%** |  |  |
| Amkor Technology, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.625% , 09/15/2027 | 239000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 238070 |
| **Software - 0.6%** |  |  |
| Consensus Cloud Solutions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.000% , 10/15/2026 | 164000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151744 |
| **Telecommunications - 6.4%** |  |  |
| Altice France SA |  |  |
| &nbsp;&nbsp;&nbsp; 8.125% , 02/01/2027 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190793 |
| Frontier Communications Holdings, LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.875% , 10/15/2027 | 121000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115289 |
| Level 3 Financing, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.250% , 07/01/2028 | 211000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165459 |
| Lumen Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.125% , 12/15/2026 | 63000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53960 |
| &nbsp;&nbsp;&nbsp; 4.000% , 02/15/2027 | 171000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145996 |
| Nokia Oyj |  |  |
| &nbsp;&nbsp;&nbsp; 4.375% , 06/12/2027 | 258000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 244261 |
| Quebecor Media, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.750% , 01/15/2023 | 128000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128033 |
| Sprint, LLC |  |  |
| &nbsp;&nbsp;&nbsp; 7.875% , 09/15/2023 | 323000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330410 |
| T-Mobile USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.250% , 02/15/2026 | 157000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143940 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1518141 |
| **Toys, Games, & Hobbies - 0.8%** |  |  |
| Mattel, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.375% , 04/01/2026 | 194000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178382 |
| **Total Corporate Bonds** |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $22,944,938) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21645365 |
| **Mortgage Backed Securities - 1.0%** |  |  |
| Federal Home Loan Mortgage Corporation REMICS |  |  |
| &nbsp;&nbsp;&nbsp; 4.000% , 07/15/2047 | 116259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19731 |
| Federal National Mortgage Association Interest Strips |  |  |
| &nbsp;&nbsp;&nbsp; 5.000% , 01/25/2043 | 564833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103894 |
| &nbsp;&nbsp;&nbsp; 4.000% , 01/25/2048 | 400713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51135 |
| Federal National Mortgage Association REMICS |  |  |
| &nbsp;&nbsp;&nbsp; 3.000% , 03/25/2028 | 953392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48427 |
| &nbsp;&nbsp;&nbsp; 5.000% , 07/25/2046 | 74854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12542 |
| &nbsp;&nbsp;&nbsp; 0.574% (SOFR +1.5000%), 05/25/2051 <sup>(1)</sup> | 283992 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 655 |
| **Total Mortgage Backed Securities** |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $179,462) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 236384 |
| **Municipal Bonds - 0.4%** |  |  |
| State of Illinois |  |  |
| &nbsp;&nbsp;&nbsp; 4.950% , 06/01/2023 | 86999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86981 |
| **Total Municipal Bonds** |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $87,259) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86981 |
| **United States Treasury Obligations - 1.0%** |  |  |
| **United States Treasury Bills - 1.0%** |  |  |
| United States Cash Management Bill |  |  |
| &nbsp;&nbsp;&nbsp; 3.636%, 01/31/2023 <sup>(5)(6)</sup> | 244000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 242305 |
| **Total United States Treasury Obligations** |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $242,514) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 242305 |
|  | **Shares** |  |
| **Preferred Stocks - 1.2%** |  |  |
| **Banks - 0.8%** |  |  |
| U.S. Bancorp |  |  |
| &nbsp;&nbsp;&nbsp; 3.750% , 01/15/2026 <sup>(3)</sup> | 12000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202800 |
| **Diversified Financial Services - 0.4%** |  |  |
| Brookfield Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.625% , 10/16/2080 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84550 |
| **Total Preferred Stocks** |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $395,823) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 287350 |
| **Short-Term Invesments - 0.8%** |  |  |
| **Money Market Funds - 0.8%** |  |  |
| First American Government Obligations Fund, Class X, 3.668% <sup>(8)</sup> | 178082 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178082 |
| **Total Short-Term Investments** |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $178,082) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178082 |
| **Investments Purchased with Collateral from Securities Lending - 2.5%** |  |  |
| Mount Vernon Liquid Assets Portfolio, LLC, 4.070% <sup>(8)</sup> | 602102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 602102 |
| **Total Investments Purchased with Collateral from Securities Lending** |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $602,102) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 602102 |
| **Total Investments in Securities - 102.0%** |  |  |
| (Cost $25,636,829) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24125272 |
| Liabilities in Excess of Other Assets - (2.0)% |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (461570) |
| **Total Net Assets - 100.0%** |  | $23663702 |

---

---

| | |
|:---|:---|
| CMT <br>| Constant Maturity Treasury Rate |
| LIBOR <br>| London Interbank Offered Rate |
| SOFR <br>| Secured Overnight Financing Rate |
| USD <br>| United States Dollar |
| <sup>(1)</sup>  | Variable rate security; rate shown is the rate in effect on November 30, 2022. An index may have a negative rate. Interest rate may also be subject to a ceiling or floor. |
| <sup>(2)</sup>  | Fixed-to-variable or fixed-to-float bond; rate shown is the rate in effect on November 30, 2022. An index mayhave a negative rate. Interest rate may also be subject to a ceiling or floor. |
| <sup>(3)</sup>  | Perpetual call date security. Date shown is next call date. |
| <sup>(4)</sup>  | Step-up bond; the interest rate shown is the rate in effect as of November 30, 2022. |
| <sup>(5)</sup>  | Rate represents the annualized effective yield to maturity from the purchase price. |
| <sup>(6)</sup>  | Zero coupon security. |
| <sup>(7)</sup>  | This security or a portion of this security was out on loan as of November 30, 2022. Total loaned securities had a value of $596,448 or 2.5% of net assets. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. |
| <sup>(8)</sup>  | The rate shown is the annualized seven-day effective yield as of November 30, 2022. |

---

------

---

| |
|:---|
| **Summary of Fair Value Exposure at November 30, 2022 (Unaudited)** |
| The SoFi Weekly Income ETF (the "Fund") utilizes various methods to measure the fair value of its investments on a recurring basis. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are: |
| • Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.<br> • Level 2 — Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment spreads, credit risk, yield curves, default rates and similar data.<br> • Level 3 — Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available. |
| The following is a summary of the inputs used to value the Fund's investments as of November 30, 2022: |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Investments** <br> **Measured at Net** <br> **Asset Value** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Asset Backed Securities** | $– | $– | $846703 | $– | $846703 |
| **Corporate Bonds <sup>(1)</sup>** | - | - | 21645365 | - | 21645365 |
| **Mortgage Backed Securities** | - | - | 236384 | - | 236384 |
| **Municipal Bonds** | - | - | 86981 | - | 86981 |
| **United States Treasury Obligations** | - | - | 242305 | - | 242305 |
| **Preferred Stocks <sup>(1)</sup>** | - | 287350 | - | - | 287350 |
| **Short-Term Investments** | - | 178082 | - | - | 178082 |
| **Investments Purchased With Collateral From Securities Lending <sup>(2)</sup>** | 602102 | - | - | - | 602102 |
| **Total Investments in Securities** | $602102 | $465432 | $23057738 | $– | $24125272 |
| <sup>(1)</sup> See Schedule of Investments for industry breakout. | <sup>(1)</sup> See Schedule of Investments for industry breakout. | <sup>(1)</sup> See Schedule of Investments for industry breakout. | <sup>(1)</sup> See Schedule of Investments for industry breakout. | <sup>(1)</sup> See Schedule of Investments for industry breakout. | <sup>(1)</sup> See Schedule of Investments for industry breakout. |
| <sup>(2)</sup> Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments. | <sup>(2)</sup> Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments. | <sup>(2)</sup> Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments. | <sup>(2)</sup> Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments. | <sup>(2)</sup> Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments. | <sup>(2)</sup> Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Tidal ETF Trust

- **b. Investment Company Act file number:** 811-23377

- **c. CIK number of Registrant:** 0001742912

- **d. LEI of Registrant:** 549300VTYHP8U2332C46

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

  - **Street Address 1:** 234 West Florida Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53204

  - **Telephone number:** 844-986-7676

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

- **a. Name of Series:** SoFi Weekly Income ETF

- **b. EDGAR series identifier (if any):** S000069652

- **c. LEI of Series:** 54930012SB27YOGEGD53

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

- **a. Date of fiscal year-end:** 2023-02-28

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $24413986.95

**Total Liabilities:** $749778.97

**Net Assets:** $23664207.98

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 554.470000000000 | **1-Year:** 609.920000000000 | **5-Year:** 723.980000000000 | **10-Year:** 37.480000000000 | **30-Year:** 29.070000000000

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

- **3-Month:** 1590.150000000000 | **1-Year:** 1824.190000000000 | **5-Year:** 972.180000000000 | **10-Year:** 90.180000000000 | **30-Year:** 19.060000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000222138 | -2.53%               | 1.81%                | 1.63%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $7032.47                 | $-690332.48                                |
| Month 2  | $-100134.91              | $429612.50                                 |
| Month 3  | $-16133.21               | $306335.81                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| OCCIDENTAL PETROLEUM COR                  | Occidental Petroleum Corp                                                 | CUSIP: 674599DG7<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    264000 | PA      | $134100.12    | 0.57%             | 2036-10-10      | Fixed         | 0.00%                 | No            | 2                  | On Loan: No      |
| OI EUROPEAN GROUP BV                      | OI European Group BV                                                      | CUSIP: 67777LAD5<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |     67000 | PA      | $57925.52     | 0.24%             | 2030-02-15      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| GENESIS ENERGY LP/FIN                     | Genesis Energy LP / Genesis Energy Finance Corp                           | CUSIP: 37185LAJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $96424.00     | 0.41%             | 2025-10-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| GLOBAL PAYMENTS INC                       | Global Payments Inc                                                       | CUSIP: 37940XAP7<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    120000 | PA      | $116796.93    | 0.49%             | 2027-08-15      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| BUCKEYE PARTNERS LP                       | Buckeye Partners LP                                                       | CUSIP: 118230AT8<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48076.25     | 0.20%             | 2025-03-01      | Fixed         | 4.12%                 | 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        |    198000 | PA      | $187627.77    | 0.79%             | 2027-05-01      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| OLIN CORP                                 | Olin Corp                                                                 | CUSIP: 680665AJ5<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    124000 | PA      | $116383.30    | 0.49%             | 2027-09-15      | Fixed         | 5.12%                 | No            | 2                  | On Loan: —       |
| ONEMAIN FINANCE CORP                      | OneMain Finance Corp                                                      | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    317000 | PA      | $260222.53    | 1.10%             | 2027-01-15      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| OWL ROCK TECHNOLOGY FINA                  | Owl Rock Technology Finance Corp                                          | CUSIP: 691205AC2<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |    328000 | PA      | $297994.00    | 1.26%             | 2025-12-15      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| OWL ROCK CORE INCOME COR                  | OWL Rock Core Income Corp                                                 | CUSIP: 69120VAF8<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    189000 | PA      | $171121.14    | 0.72%             | 2027-02-08      | Fixed         | 4.70%                 | 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        |     75000 | PA      | $71540.25     | 0.30%             | 2029-09-01      | Fixed         | 6.38%                 | No            | 2                  | On Loan: —       |
| CSC HOLDINGS LLC                          | CSC Holdings LLC                                                          | CUSIP: 126307AH0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    212000 | PA      | $204539.72    | 0.86%             | 2024-06-01      | Fixed         | 5.25%                 | 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        |    135000 | PA      | $126136.58    | 0.53%             | 2027-02-01      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| PARKLAND CORP                             | Parkland Corp                                                             | CUSIP: 70137TAP0<br>LEI: 549300XHQS1JYWBNK868 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $144000.00    | 0.61%             | 2027-07-15      | Fixed         | 5.88%                 | 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        |     72000 | PA      | $68341.68     | 0.29%             | 2027-08-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| GOODYEAR TIRE & RUBBER                    | Goodyear Tire & Rubber Co/The                                             | CUSIP: 382550BG5<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    111000 | PA      | $103967.60    | 0.44%             | 2027-03-15      | Fixed         | 4.88%                 | No            | 2                  | On Loan: —       |
| AB Issuer LLC                             | AB Issuer LLC                                                             | CUSIP: 00091JAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     89325 | PA      | $72459.29     | 0.31%             | 2051-07-30      | Fixed         | 3.73%                 | No            | 2                  | On Loan: No      |
| Planet Fitness Master Issuer L            | Planet Fitness Master Issuer LLC                                          | CUSIP: 72703PAD5<br>LEI: 549300NX9W3U2DO53T22 | Long             | ABS-O            | CORP              | US        |     74625 | PA      | $65004.63     | 0.27%             | 2051-12-05      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| PROSPECT CAPITAL CORP                     | Prospect Capital Corp                                                     | CUSIP: 74348TAJ1<br>LEI: 549300FSD8T39P5Q0O47 | Long             | DBT              | CORP              | US        |    143000 | PA      | $142625.14    | 0.60%             | 2023-03-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| QVC INC                                   | QVC Inc                                                                   | CUSIP: 747262AS2<br>LEI: 549300WBLU5NKPX5X472 | Long             | DBT              | CORP              | US        |     93000 | PA      | $88654.11     | 0.37%             | 2024-04-01      | Fixed         | 4.85%                 | No            | 2                  | On Loan: No      |
| QVC INC                                   | QVC Inc                                                                   | CUSIP: 747262AY9<br>LEI: 549300WBLU5NKPX5X472 | Long             | DBT              | CORP              | US        |    144000 | PA      | $108360.00    | 0.46%             | 2027-02-15      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| GRAPHIC PACKAGING INTERN                  | Graphic Packaging International LLC                                       | CUSIP: 38869PAP9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    162000 | PA      | $140977.53    | 0.60%             | 2026-04-15      | Fixed         | 1.51%                 | No            | 2                  | On Loan: No      |
| GRAY TELEVISION INC                       | Gray Television Inc                                                       | CUSIP: 389284AA8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    120000 | PA      | $110475.00    | 0.47%             | 2027-05-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| AMC NETWORKS INC                          | AMC Networks Inc                                                          | CUSIP: 00164VAD5<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    237000 | PA      | $226560.13    | 0.96%             | 2024-04-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| ACADEMY LTD                               | Academy Ltd                                                               | CUSIP: 00401YAA8<br>LEI: 549300BN53IR80C35Z14 | Long             | DBT              | CORP              | US        |    120000 | PA      | $113798.73    | 0.48%             | 2027-11-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| QUEBECOR MEDIA INC                        | Quebecor Media Inc                                                        | CUSIP: 74819RAP1<br>LEI: 5493006O1E1TBNKPQW25 | Long             | DBT              | CORP              | CA        |    128000 | PA      | $128033.28    | 0.54%             | 2023-01-15      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| RADIATE HOLDCO / FINANCE                  | Radiate Holdco LLC / Radiate Finance Inc                                  | CUSIP: 75026JAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $106544.75    | 0.45%             | 2026-09-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| RANGE RESOURCES CORP                      | Range Resources Corp                                                      | CUSIP: 75281AAS8<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |    165000 | PA      | $160099.50    | 0.68%             | 2025-05-15      | Fixed         | 4.88%                 | 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        |    217000 | PA      | $185299.56    | 0.78%             | 2026-10-15      | Fixed         | 2.88%                 | No            | 2                  | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                    | Group 1 Automotive Inc                                                    | CUSIP: 398905AN9<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |    144000 | PA      | $122321.45    | 0.52%             | 2028-08-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| H&E EQUIPMENT SERVICES                    | H&E Equipment Services Inc                                                | CUSIP: 404030AJ7<br>LEI: 254900KVLRCDMQRYY541 | Long             | DBT              | CORP              | US        |     67000 | PA      | $58014.97     | 0.25%             | 2028-12-15      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| HCA INC                                   | HCA Inc                                                                   | CUSIP: 404119BR9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    206000 | PA      | $205757.33    | 0.87%             | 2025-02-01      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| HANESBRANDS INC                           | Hanesbrands Inc                                                           | CUSIP: 410345AL6<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |    188000 | PA      | $171353.54    | 0.72%             | 2026-05-15      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| CKE Restaurants Holdings Inc              | Hardee's Funding LLC                                                      | CUSIP: 411707AK8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    148125 | PA      | $117827.17    | 0.50%             | 2051-06-20      | Fixed         | 2.87%                 | No            | 2                  | On Loan: No      |
| HESS MIDSTREAM OPERATION                  | Hess Midstream Operations LP                                              | CUSIP: 428104AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    161000 | PA      | $151742.50    | 0.64%             | 2028-06-15      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| AERCAP HOLDINGS NV                        | AerCap Holdings NV                                                        | CUSIP: 00774YAA7<br>LEI: 549300SZYINBBLJQU475 | Long             | DBT              | CORP              | NL        |    238000 | PA      | $220921.12    | 0.93%             | 2079-10-10      | Variable      | 5.88%                 | No            | 2                  | On Loan: No      |
| ADVANCED DRAINAGE SYSTEM                  | Advanced Drainage Systems Inc                                             | CUSIP: 00790RAB0<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |    124000 | PA      | $119484.54    | 0.50%             | 2030-06-15      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| NATWEST GROUP PLC                         | NatWest Group PLC                                                         | CUSIP: 780097BQ3<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $183500.00    | 0.78%             | 2025-12-29      | Variable      | 6.00%                 | No            | 2                  | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                   | Royal Caribbean Cruises Ltd                                               | CUSIP: 780153BH4<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    100000 | PA      | $83015.00     | 0.35%             | 2026-07-01      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| AIRCASTLE LTD                             | Aircastle Ltd                                                             | CUSIP: 00928QAS0<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |     63000 | PA      | $58775.62     | 0.25%             | 2026-06-15      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| ALLIED UNIVERSAL                          | Allied Universal Holdco LLC / Allied Universal Finance Corp               | CUSIP: 019576AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    133000 | PA      | $126588.07    | 0.53%             | 2026-07-15      | Fixed         | 6.62%                 | No            | 2                  | On Loan: No      |
| CNX RESOURCES CORP                        | CNX Resources Corp                                                        | CUSIP: 12653CAK4<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70121.80     | 0.30%             | 2031-01-15      | Fixed         | 7.38%                 | No            | 2                  | On Loan: No      |
| CARNIVAL CORP                             | Carnival Corp                                                             | CUSIP: 143658BL5<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    139000 | PA      | $117379.25    | 0.50%             | 2026-03-01      | Fixed         | 7.62%                 | No            | 2                  | On Loan: —       |
| ALLISON TRANSMISSION INC                  | Allison Transmission Inc                                                  | CUSIP: 019736AE7<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    150000 | PA      | $139279.68    | 0.59%             | 2027-10-01      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| ALTICE FRANCE SA                          | Altice France SA/France                                                   | CUSIP: 02156LAA9<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $190793.00    | 0.81%             | 2027-02-01      | Fixed         | 8.12%                 | No            | 2                  | On Loan: No      |
| AMKOR TECHNOLOGY INC                      | Amkor Technology Inc                                                      | CUSIP: 031652BK5<br>LEI: 529900VHLRTKPWZJBM84 | Long             | DBT              | CORP              | US        |    239000 | PA      | $238070.46    | 1.01%             | 2027-09-15      | Fixed         | 6.62%                 | No            | 2                  | On Loan: No      |
| FIRSTENERGY CORP                          | FirstEnergy Corp                                                          | CUSIP: 337932AN7<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |     56000 | PA      | $49606.84     | 0.21%             | 2026-01-15      | Fixed         | 1.60%                 | No            | 2                  | On Loan: No      |
| SBL HOLDINGS INC                          | SBL Holdings Inc                                                          | CUSIP: 78432MAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    172000 | PA      | $150434.99    | 0.64%             | 2026-11-13      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| NAVIENT CORP                              | Navient Corp                                                              | CUSIP: 78442FEQ7<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    323000 | PA      | $322557.50    | 1.36%             | 2023-01-25      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                  | Ford Motor Credit Co LLC                                                  | CUSIP: 345397WW9<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    400000 | PA      | $384514.00    | 1.62%             | 2024-09-08      | Fixed         | 3.66%                 | No            | 2                  | On Loan: No      |
| FRONTIER COMMUNICATIONS                   | Frontier Communications Holdings LLC                                      | CUSIP: 35906ABE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    121000 | PA      | $115288.80    | 0.49%             | 2027-10-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| NAVIENT CORP                              | Navient Corp                                                              | CUSIP: 78442FET1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59855.70     | 0.25%             | 2024-03-25      | Fixed         | 6.12%                 | No            | 2                  | On Loan: No      |
| SLM CORP                                  | SLM Corp                                                                  | CUSIP: 78442PGD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     56000 | PA      | $51474.92     | 0.22%             | 2025-10-29      | Fixed         | 4.20%                 | No            | 2                  | On Loan: No      |
| GARDEN SPINCO CORP                        | Garden Spinco Corp                                                        | CUSIP: 365417AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     58000 | PA      | $61639.66     | 0.26%             | 2030-07-20      | Fixed         | 8.62%                 | No            | 2                  | On Loan: No      |
| LABL INC                                  | LABL Inc                                                                  | CUSIP: 50168AAB6<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |    206000 | PA      | $197000.89    | 0.83%             | 2026-07-15      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| SEALED AIR CORP                           | Sealed Air Corp                                                           | CUSIP: 81211KAX8<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    183000 | PA      | $181827.89    | 0.77%             | 2025-09-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| ServiceMaster Brands                      | ServiceMaster Funding LLC                                                 | CUSIP: 81761TAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    112988 | PA      | $85394.55     | 0.36%             | 2051-01-30      | Fixed         | 3.34%                 | 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        |     63000 | PA      | $60669.00     | 0.26%             | 2027-04-01      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| HOLOGIC INC                               | Hologic Inc                                                               | CUSIP: 436440AP6<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | DBT              | CORP              | US        |    114000 | PA      | $100340.52    | 0.42%             | 2029-02-15      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| Servpro Master Issuer, LLC                | SERVPRO Master Issuer LLC                                                 | CUSIP: 817743AE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    124110 | PA      | $97408.94     | 0.41%             | 2051-04-25      | Fixed         | 2.39%                 | No            | 2                  | On Loan: No      |
| SILGAN HOLDINGS INC                       | Silgan Holdings Inc                                                       | CUSIP: 827048AW9<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |     56000 | PA      | $52643.08     | 0.22%             | 2028-02-01      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| CASTLELAKE AVIATION FIN                   | Castlelake Aviation Finance DAC                                           | CUSIP: 14856HAA6<br>LEI: 2138006F7SMD1COVC345 | Long             | DBT              | CORP              | IE        |     94000 | PA      | $80056.59     | 0.34%             | 2027-04-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| CELANESE US HOLDINGS LLC                  | Celanese US Holdings LLC                                                  | CUSIP: 15089QAR5<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     84000 | PA      | $83515.83     | 0.35%             | 2024-07-05      | Fixed         | 5.90%                 | No            | 2                  | On Loan: No      |
| HOWMET AEROSPACE INC                      | Howmet Aerospace Inc                                                      | CUSIP: 443201AA6<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |    222000 | PA      | $227074.48    | 0.96%             | 2025-05-01      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| HUDBAY MINERALS INC                       | Hudbay Minerals Inc                                                       | CUSIP: 443628AJ1<br>LEI: 549300WI524AL577IX21 | Long             | DBT              | CORP              | CA        |    111000 | PA      | $100657.05    | 0.43%             | 2026-04-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| ISTAR INC                                 | iStar Inc                                                                 | CUSIP: 45031UCF6<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | DBT              | CORP              | US        |    138000 | PA      | $135953.66    | 0.57%             | 2024-10-01      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| ICAHN ENTERPRISES/FIN                     | Icahn Enterprises LP / Icahn Enterprises Finance Corp                     | CUSIP: 451102BW6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $192745.00    | 0.81%             | 2024-09-15      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| SIRIUS XM RADIO INC                       | Sirius XM Radio Inc                                                       | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    176000 | PA      | $155728.32    | 0.66%             | 2028-07-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| SIRIUS XM RADIO INC                       | Sirius XM Radio Inc                                                       | CUSIP: 82967NBL1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    111000 | PA      | $100348.44    | 0.42%             | 2026-09-01      | Fixed         | 3.12%                 | No            | 2                  | On Loan: No      |
| SOUTHWESTERN ENERGY CO                    | Southwestern Energy Co                                                    | CUSIP: 845467AL3<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |    122000 | PA      | $120909.32    | 0.51%             | 2025-01-23      | Fixed         | 5.70%                 | No            | 2                  | On Loan: No      |
| ONEMAIN FINANCE CORP                      | OneMain Finance Corp                                                      | CUSIP: 85172FAN9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     80000 | PA      | $77600.00     | 0.33%             | 2026-03-15      | Fixed         | 7.12%                 | No            | 2                  | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                    | Spirit AeroSystems Inc                                                    | CUSIP: 85205TAG5<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    130000 | PA      | $116393.61    | 0.49%             | 2026-06-15      | Fixed         | 3.85%                 | No            | 2                  | On Loan: No      |
| SPRINT LLC                                | Sprint LLC                                                                | CUSIP: 85207UAF2<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |    323000 | PA      | $330409.62    | 1.40%             | 2023-09-15      | Fixed         | 7.88%                 | No            | 2                  | On Loan: No      |
| Applebees/IHOP Funding LLC                | Applebee's Funding LLC / IHOP Funding LLC                                 | CUSIP: 03789XAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    198000 | PA      | $188067.31    | 0.79%             | 2049-06-05      | Fixed         | 4.19%                 | No            | 2                  | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                   | Asbury Automotive Group Inc                                               | CUSIP: 043436AU8<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    156000 | PA      | $141382.80    | 0.60%             | 2028-03-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| ASHTON WOODS USA/FINANCE                  | Ashton Woods USA LLC / Ashton Woods Finance Co                            | CUSIP: 045086AP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     78000 | PA      | $60200.40     | 0.25%             | 2030-04-01      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                  | Avolon Holdings Funding Ltd                                               | CUSIP: 05401AAL5<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    167000 | PA      | $151623.38    | 0.64%             | 2026-04-15      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| BAT INTL FINANCE PLC                      | BAT International Finance PLC                                             | CUSIP: 05530QAP5<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |     78000 | PA      | $72723.24     | 0.31%             | 2028-03-16      | Fixed         | 4.45%                 | 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        |     50000 | PA      | $46109.75     | 0.19%             | 2027-05-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| ILLINOIS ST                               | State of Illinois                                                         | CUSIP: 452151LE1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     86999 | PA      | $86980.99     | 0.37%             | 2023-06-01      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| KBR INC                                   | KBR Inc                                                                   | CUSIP: 48242WAC0<br>LEI: 254900OFQDXZRKRCV808 | Long             | DBT              | CORP              | US        |    150000 | PA      | $133309.31    | 0.56%             | 2028-09-30      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| BATH & BODY WORKS INC                     | Bath & Body Works Inc                                                     | CUSIP: 501797AQ7<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    157000 | PA      | $153340.60    | 0.65%             | 2027-01-15      | Fixed         | 6.69%                 | No            | 2                  | On Loan: No      |
| BGC PARTNERS INC                          | BGC Partners Inc                                                          | CUSIP: 05541TAP6<br>LEI: TF1LXM1YNB81WKUH5G19 | Long             | DBT              | CORP              | US        |     89000 | PA      | $83647.13     | 0.35%             | 2025-12-15      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| BAIN CAPITAL SPECIALTY F                  | Bain Capital Specialty Finance Inc                                        | CUSIP: 05684BAB3<br>LEI: 549300V2JL72R0EYBK64 | Long             | DBT              | CORP              | US        |    127000 | PA      | $109940.88    | 0.46%             | 2026-03-10      | Fixed         | 2.95%                 | No            | 2                  | On Loan: No      |
| LGI HOMES INC                             | LGI Homes Inc                                                             | CUSIP: 50187TAF3<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    111000 | PA      | $84000.10     | 0.35%             | 2029-07-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| LAMAR MEDIA CORP                          | Lamar Media Corp                                                          | CUSIP: 513075BR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     72000 | PA      | $65157.12     | 0.28%             | 2028-02-15      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| BARCLAYS PLC                              | Barclays PLC                                                              | CUSIP: 06738EBZ7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $196779.31    | 0.83%             | 2026-08-09      | Variable      | 5.30%                 | No            | 2                  | On Loan: No      |
| BERRY GLOBAL INC                          | Berry Global Inc                                                          | CUSIP: 085770AA3<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    300000 | PA      | $288234.00    | 1.22%             | 2026-07-15      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| BLOCK INC                                 | Block Inc                                                                 | CUSIP: 852234AN3<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    133000 | PA      | $119023.03    | 0.50%             | 2026-06-01      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| SMYRNA READY MIX CONCRET                  | Smyrna Ready Mix Concrete LLC                                             | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    146000 | PA      | $130205.72    | 0.55%             | 2028-11-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| LAREDO PETROLEUM INC                      | Laredo Petroleum Inc                                                      | CUSIP: 516806AF3<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100146.50    | 0.42%             | 2025-01-15      | Fixed         | 9.50%                 | No            | 2                  | On Loan: No      |
| LEVEL 3 FINANCING INC                     | Level 3 Financing Inc                                                     | CUSIP: 527298BR3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    211000 | PA      | $165458.66    | 0.70%             | 2028-07-01      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| BLACKSTONE MORTGAGE TR                    | Blackstone Mortgage Trust Inc                                             | CUSIP: 09257WAD2<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              | CORP              | US        |    106000 | PA      | $92543.74     | 0.39%             | 2027-01-15      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| BLACKSTONE PRIVATE CRE                    | Blackstone Private Credit Fund                                            | CUSIP: 09261HAD9<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    222000 | PA      | $188747.26    | 0.80%             | 2026-12-15      | Fixed         | 2.62%                 | No            | 2                  | On Loan: No      |
| CENTENE CORP                              | Centene Corp                                                              | CUSIP: 15135BAY7<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |     82000 | PA      | $69042.21     | 0.29%             | 2028-07-15      | Fixed         | 2.45%                 | No            | 2                  | On Loan: No      |
| LUMEN TECHNOLOGIES INC                    | Lumen Technologies Inc                                                    | CUSIP: 156700BB1<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |     63000 | PA      | $53960.13     | 0.23%             | 2026-12-15      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| MPLX LP                                   | MPLX LP                                                                   | CUSIP: 55336VAU4<br>LEI: 5493000CZJ19CK4P3G36 | Long             | EP               | CORP              | US        |     95000 | PA      | $94352.10     | 0.40%             |  |  |  | No            | 2                  | On Loan: No      |
| MPT OPER PARTNERSP/FINL                   | MPT Operating Partnership LP / MPT Finance Corp                           | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    248000 | PA      | $212046.20    | 0.90%             | 2027-10-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: —       |
| MACY'S RETAIL HLDGS LLC                   | Macy's Retail Holdings LLC                                                | CUSIP: 55617LAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     86000 | PA      | $77730.67     | 0.33%             | 2030-03-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| MATTEL INC                                | Mattel Inc                                                                | CUSIP: 577081BE1<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |    194000 | PA      | $178382.03    | 0.75%             | 2026-04-01      | Fixed         | 3.38%                 | No            | 2                  | On Loan: No      |
| METHANEX CORP                             | Methanex Corp                                                             | CUSIP: 59151KAK4<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |     71000 | PA      | $68762.79     | 0.29%             | 2024-12-01      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| MIDCONTINENT COMM & FIN                   | Midcontinent Communications / Midcontinent Finance Corp                   | CUSIP: 59565XAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $59871.22     | 0.25%             | 2027-08-15      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| BOEING CO                                 | Boeing Co/The                                                             | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    130000 | PA      | $118229.57    | 0.50%             | 2026-02-04      | Fixed         | 2.20%                 | No            | 2                  | On Loan: No      |
| BOMBARDIER INC                            | Bombardier Inc                                                            | CUSIP: 097751BT7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $123150.00    | 0.52%             | 2027-04-15      | Fixed         | 7.88%                 | No            | 2                  | On Loan: No      |
| BRINK'S CO/THE                            | Brink's Co/The                                                            | CUSIP: 109696AA2<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    149000 | PA      | $137161.92    | 0.58%             | 2027-10-15      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| BROOKFIELD FINANCE INC                    | Brookfield Finance Inc                                                    | CUSIP: 11271L102<br>LEI: 549300XH8D8K6OYWGD17 | Long             | EP               | CORP              | CA        |      6665 | NS      | $112705.15    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| BUCKEYE PARTNERS LP                       | Buckeye Partners LP                                                       | CUSIP: 118230AQ4<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    172000 | PA      | $152065.20    | 0.64%             | 2026-12-01      | Fixed         | 3.95%                 | No            | 2                  | On Loan: No      |
| LUMEN TECHNOLOGIES INC                    | Lumen Technologies Inc                                                    | CUSIP: 156700BC9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    171000 | PA      | $145995.53    | 0.62%             | 2027-02-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| CHEMOURS CO                               | Chemours Co/The                                                           | CUSIP: 163851AH1<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |     56000 | PA      | $45184.72     | 0.19%             | 2029-11-15      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| CITIZENS FINANCIAL GROUP                  | Citizens Financial Group Inc                                              | CUSIP: 174610AP0<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |    189000 | PA      | $173854.57    | 0.73%             | 2023-07-06      | Variable      | 6.00%                 | No            | 2                  | On Loan: No      |
| CLEVELAND-CLIFFS INC                      | Cleveland-Cliffs Inc                                                      | CUSIP: 185899AH4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    122000 | PA      | $115645.63    | 0.49%             | 2027-06-01      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| MILEAGE PLUS HLDINGS LLC                  | Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd | CUSIP: 599191AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    226100 | PA      | $225250.99    | 0.95%             | 2027-06-20      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| MINERAL RESOURCES LTD                     | Mineral Resources Ltd                                                     | CUSIP: 603051AA1<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |     67000 | PA      | $67911.62     | 0.29%             | 2027-05-01      | Fixed         | 8.12%                 | No            | 2                  | On Loan: No      |
| MINERAL RESOURCES LTD                     | Mineral Resources Ltd                                                     | CUSIP: 603051AC7<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |     72000 | PA      | $74059.20     | 0.31%             | 2027-11-01      | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| NCL CORPORATION LTD                       | NCL Corp Ltd                                                              | CUSIP: 62886HBE0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     78000 | PA      | $69550.26     | 0.29%             | 2027-02-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| NMI HOLDINGS                              | NMI Holdings Inc                                                          | CUSIP: 629209AA5<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | DBT              | CORP              | US        |    283000 | PA      | $284860.73    | 1.20%             | 2025-06-01      | Fixed         | 7.38%                 | No            | 2                  | On Loan: No      |
| NAVIENT CORP                              | Navient Corp                                                              | CUSIP: 63938CAJ7<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    159000 | PA      | $151716.21    | 0.64%             | 2026-06-15      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| CONSENSUS CLOUD SOLUTION                  | Consensus Cloud Solutions Inc                                             | CUSIP: 20848VAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    164000 | PA      | $151744.28    | 0.64%             | 2026-10-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| CREDIT SUISSE NEW YORK                    | Credit Suisse AG/New York NY                                              | CUSIP: 22550L2E0<br>LEI: 549300D0YARF5HYP1809 | Long             | DBT              | CORP              | CH        |    250000 | PA      | $228437.65    | 0.97%             | 2024-02-02      | Fixed         | 0.49%                 | No            | 2                  | On Loan: No      |
| STARWOOD PROPERTY TRUST                   | Starwood Property Trust Inc                                               | CUSIP: 85571BAL9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    111000 | PA      | $106422.04    | 0.45%             | 2025-03-15      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| STARWOOD PROPERTY TRUST                   | Starwood Property Trust Inc                                               | CUSIP: 85571BAW5<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |     56000 | PA      | $52979.64     | 0.22%             | 2024-12-31      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| SUNOCO LP/FINANCE CORP                    | Sunoco LP / Sunoco Finance Corp                                           | CUSIP: 86765LAQ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    133000 | PA      | $131276.46    | 0.55%             | 2027-04-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| GEN DIGITAL INC                           | Gen Digital Inc                                                           | CUSIP: 871503AU2<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    101000 | PA      | $98093.73     | 0.41%             | 2025-04-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| STERICYCLE INC                            | Stericycle Inc                                                            | CUSIP: 858912AF5<br>LEI: B8PTJH2P0AXSWSMP2136 | Long             | DBT              | CORP              | US        |    239000 | PA      | $236490.50    | 1.00%             | 2024-07-15      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| STRATHCONA RESOURCES                      | Strathcona Resources Ltd/Alberta                                          | CUSIP: 86304TAA6<br>LEI: 549300YNIUISTSZMLF56 | Long             | DBT              | CORP              | CA        |    126000 | PA      | $107308.07    | 0.45%             | 2026-08-01      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| T-MOBILE USA INC                          | T-Mobile USA Inc                                                          | CUSIP: 87264ABR5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    157000 | PA      | $143940.35    | 0.61%             | 2026-02-15      | Fixed         | 2.25%                 | No            | 2                  | On Loan: No      |
| TRI POINTE HOMES INC                      | Tri Pointe Homes Inc                                                      | CUSIP: 87265HAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    111000 | PA      | $100321.50    | 0.42%             | 2028-06-15      | Fixed         | 5.70%                 | No            | 2                  | On Loan: No      |
| TRANSALTA CORP                            | TransAlta Corp                                                            | CUSIP: 89346DAH0<br>LEI: GJZNVO2UY6DNFNIYH321 | Long             | DBT              | CORP              | CA        |     70000 | PA      | $72003.40     | 0.30%             | 2029-11-15      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| TRANSDIGM INC                             | TransDigm Inc                                                             | CUSIP: 893647BE6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    122000 | PA      | $121554.70    | 0.51%             | 2026-03-15      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| SIXTH STREET SPECIALTY                    | Sixth Street Specialty Lending Inc                                        | CUSIP: 87265KAF9<br>LEI: 549300TX61566GJWCN05 | Long             | DBT              | CORP              | US        |    128000 | PA      | $122418.12    | 0.52%             | 2024-11-01      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| TENET HEALTHCARE CORP                     | Tenet Healthcare Corp                                                     | CUSIP: 88033GCS7<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     42000 | PA      | $41160.00     | 0.17%             | 2024-07-15      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| US BANCORP                                | US Bancorp                                                                | CUSIP: 902973734<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |     12000 | NS      | $202800.00    | 0.86%             |  |  |  | No            | 1                  | On Loan: No      |
| USQ Rail I LLC                            | ITE Rail Fund Levered LP                                                  | CUSIP: 90352WAD6<br>LEI: 25490077I8NB6ADB4I38 | Long             | ABS-O            | CORP              | US        |     91665 | PA      | $75737.76     | 0.32%             | 2051-02-28      | Fixed         | 2.25%                 | No            | 2                  | On Loan: No      |
| UBER TECHNOLOGIES INC                     | Uber Technologies Inc                                                     | CUSIP: 90353TAC4<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |     63000 | PA      | $63803.21     | 0.27%             | 2026-11-01      | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| UBER TECHNOLOGIES INC                     | Uber Technologies Inc                                                     | CUSIP: 90353TAF7<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    111000 | PA      | $111841.27    | 0.47%             | 2025-05-15      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| UNITED AIRLINES INC                       | United Airlines Inc                                                       | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |     44000 | PA      | $41009.11     | 0.17%             | 2026-04-15      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| UNITED RENTALS NORTH AM                   | United Rentals North America Inc                                          | CUSIP: 911365BF0<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |     66000 | PA      | $65194.14     | 0.28%             | 2027-05-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| TENET HEALTHCARE CORP                     | Tenet Healthcare Corp                                                     | CUSIP: 88033GDA5<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    124000 | PA      | $116905.34    | 0.49%             | 2027-11-01      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| TEVA PHARMACEUTICALS NE                   | Teva Pharmaceutical Finance Netherlands III BV                            | CUSIP: 88167AAD3<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    242000 | PA      | $236294.85    | 1.00%             | 2023-07-21      | Fixed         | 2.80%                 | No            | 2                  | On Loan: No      |
| UNITED RENTALS NORTH AM                   | United Rentals North America Inc                                          | CUSIP: 911365BQ6<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    110000 | PA      | $110760.10    | 0.47%             | 2029-12-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| UNITED WHOLESALE MTGE LL                  | United Wholesale Mortgage LLC                                             | CUSIP: 91153LAA5<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    155000 | PA      | $143850.08    | 0.61%             | 2025-11-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| TREASURY BILL                             | United States Treasury Bill                                               | CUSIP: 912796ZM4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    244000 | PA      | $242305.12    | 1.02%             | 2023-01-31      | Fixed         | 0.00%                 | No            | 2                  | On Loan: No      |
| UNIVISION COMMUNICATIONS                  | Univision Communications Inc                                              | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     56000 | PA      | $47737.20     | 0.20%             | 2029-05-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| CROWN AMER/CAP CORP VI                    | Crown Americas LLC / Crown Americas Capital Corp VI                       | CUSIP: 228187AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $145455.75    | 0.61%             | 2026-02-01      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| DB Master Finance LLC                     | DB Master Finance LLC                                                     | CUSIP: 233046AN1<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |     79200 | PA      | $68160.91     | 0.29%             | 2051-11-20      | Fixed         | 2.04%                 | No            | 2                  | On Loan: No      |
| DCP MIDSTREAM LP                          | DCP Midstream LP                                                          | CUSIP: 23311PAA8<br>LEI: 52990024YYS3MLGW0E91 | Long             | EP               | CORP              | US        |     56000 | PA      | $56151.20     | 0.24%             |  |  |  | No            | 2                  | On Loan: No      |
| DCP MIDSTREAM OPERATING                   | DCP Midstream Operating LP                                                | CUSIP: 23311VAG2<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |    217000 | PA      | $214584.29    | 0.91%             | 2025-07-15      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| VECTOR GROUP LTD                          | Vector Group Ltd                                                          | CUSIP: 92240MBL1<br>LEI: 549300TUIF4WWN6NDN50 | Long             | DBT              | CORP              | US        |    120000 | PA      | $104376.00    | 0.44%             | 2029-02-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| VICI PROPERTIES / NOTE                    | VICI Properties LP / VICI Note Co Inc                                     | CUSIP: 92564RAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    311000 | PA      | $280958.96    | 1.19%             | 2027-02-15      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| DANA INC                                  | Dana Inc                                                                  | CUSIP: 235825AF3<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    144000 | PA      | $132108.40    | 0.56%             | 2027-11-15      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| DELTA AIR LINES INC                       | Delta Air Lines Inc                                                       | CUSIP: 247361ZZ4<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |    161000 | PA      | $166542.43    | 0.70%             | 2026-01-15      | Fixed         | 7.38%                 | No            | 2                  | On Loan: No      |
| WENDYS FUNDING LLC                        | Wendy's Funding LLC                                                       | CUSIP: 95058XAL2<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |     98750 | PA      | $76642.24     | 0.32%             | 2051-06-15      | Fixed         | 2.77%                 | No            | 2                  | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                  | Western Midstream Operating LP                                            | CUSIP: 958254AE4<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    167000 | PA      | $160197.26    | 0.68%             | 2025-06-01      | Fixed         | 3.95%                 | No            | 2                  | On Loan: No      |
| DEPOSITORY TRUST & CLEAR                  | Depository Trust & Clearing Corp/The                                      | CUSIP: 249670AB6<br>LEI: MLDY5N6PZ58ZE60QU102 | Long             | EP               | CORP              | US        |    250000 | PA      | $191580.34    | 0.81%             | 2026-06-20      | Variable      | 3.38%                 | No            | 2                  | On Loan: No      |
| DISH DBS CORP                             | DISH DBS Corp                                                             | CUSIP: 25470XAL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    103000 | PA      | $102356.25    | 0.43%             | 2023-03-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| DISH DBS CORP                             | DISH DBS Corp                                                             | CUSIP: 25470XAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     37000 | PA      | $35209.20     | 0.15%             | 2024-11-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| DISH DBS CORP                             | DISH DBS Corp                                                             | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    128000 | PA      | $110128.00    | 0.47%             | 2026-12-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |    602102 | NS      | $602102.38    | 2.54%             |  |  |  | No            | N/A                | On Loan: No      |
| EQT CORP                                  | EQT Corp                                                                  | CUSIP: 26884LAH2<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    237000 | PA      | $238001.33    | 1.01%             | 2025-02-01      | Fixed         | 6.12%                 | No            | 2                  | On Loan: No      |
| EPR PROPERTIES                            | EPR Properties                                                            | CUSIP: 26884UAC3<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |    200000 | PA      | $178532.89    | 0.75%             | 2026-12-15      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| EQM MIDSTREAM PARTNERS L                  | EQM Midstream Partners LP                                                 | CUSIP: 26885BAB6<br>LEI: 549300NELT611CL6XM83 | Long             | DBT              | CORP              | US        |     78000 | PA      | $71783.40     | 0.30%             | 2026-12-01      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| ECO MATERIAL TECH INC                     | Eco Material Technologies Inc                                             | CUSIP: 27900QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    129000 | PA      | $122911.20    | 0.52%             | 2027-01-31      | Fixed         | 7.88%                 | No            | 2                  | On Loan: No      |
| CAESARS ENTERTAIN INC                     | Caesars Entertainment Inc                                                 | CUSIP: 28470RAH5<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    163000 | PA      | $161316.61    | 0.68%             | 2025-07-01      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| ENCOMPASS HEALTH CORP                     | Encompass Health Corp                                                     | CUSIP: 29261AAA8<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |    100000 | PA      | $90072.04     | 0.38%             | 2028-02-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| ENERFLEX LTD                              | Enerflex Ltd                                                              | CUSIP: 29269RAA3<br>LEI: 54930014N7872VUS3F89 | Long             | DBT              | CORP              | CA        |    109000 | PA      | $107814.63    | 0.46%             | 2027-10-15      | Fixed         | 9.00%                 | No            | 2                  | On Loan: No      |
| ENERSYS                                   | EnerSys                                                                   | CUSIP: 29275YAC6<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | DBT              | CORP              | US        |    222000 | PA      | $198018.45    | 0.84%             | 2027-12-15      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                  | Enterprise Products Operating LLC                                         | CUSIP: 29379VBM4<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    193000 | PA      | $177261.44    | 0.75%             | 2077-08-16      | Variable      | 7.63%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae REMICS                                                         | CUSIP: 3136ACHP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    953392 | PA      | $48427.07     | 0.20%             | 2028-03-25      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae REMICS                                                         | CUSIP: 3136ASG42<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     74854 | PA      | $12541.82     | 0.05%             | 2046-07-25      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae REMICS                                                         | CUSIP: 3136BHBM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    283992 | PA      | $655.25       | 0.00%             | 2051-05-25      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                               | Freddie Mac REMICS                                                        | CUSIP: 3137F2MV5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    116259 | PA      | $19731.06     | 0.08%             | 2047-07-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Fanniemae Strip                           | Fannie Mae Interest Strip                                                 | CUSIP: 31395QE63<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    564833 | PA      | $103893.53    | 0.44%             | 2043-01-25      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Fanniemae Strip                           | Fannie Mae Interest Strip                                                 | CUSIP: 31397VE60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    400713 | PA      | $51135.52     | 0.22%             | 2048-01-25      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| First American Government Obli            | First American Government Obligations Fund                                | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    178254 | NS      | $178254.32    | 0.75%             |  |  |  | No            | 1                  | On Loan: No      |
| FIRSTCASH INC                             | FirstCash Inc                                                             | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    130000 | PA      | $114592.92    | 0.48%             | 2028-09-01      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| NEW FORTRESS ENERGY INC                   | New Fortress Energy Inc                                                   | CUSIP: 644393AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    163000 | PA      | $157751.40    | 0.67%             | 2026-09-30      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| NEWMARK GROUP INC                         | Newmark Group Inc                                                         | CUSIP: 65158NAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    124000 | PA      | $123840.04    | 0.52%             | 2023-11-15      | Fixed         | 6.12%                 | No            | 2                  | On Loan: No      |
| NEXTERA ENERGY OPERATING                  | NextEra Energy Operating Partners LP                                      | CUSIP: 65342QAC6<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    180000 | PA      | $170359.20    | 0.72%             | 2024-09-15      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| NEXTERA ENERGY OPERATING                  | NextEra Energy Operating Partners LP                                      | CUSIP: 65342QAL6<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     80000 | PA      | $75181.60     | 0.32%             | 2026-10-15      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| NOKIA OYJ                                 | Nokia Oyj                                                                 | CUSIP: 654902AE5<br>LEI: 549300A0JPRWG1KI7U06 | Long             | DBT              | CORP              | FI        |    258000 | PA      | $244261.50    | 1.03%             | 2027-06-12      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| NUSTAR LOGISTICS LP                       | NuStar Logistics LP                                                       | CUSIP: 67059TAG0<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    239000 | PA      | $232703.55    | 0.98%             | 2025-10-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| OAKTREE SPECIALTY LEND                    | Oaktree Specialty Lending Corp                                            | CUSIP: 67401PAC2<br>LEI: 549300J6MGCEU5928620 | Long             | DBT              | CORP              | US        |    133000 | PA      | $115929.10    | 0.49%             | 2027-01-15      | Fixed         | 2.70%                 | No            | 2                  | On Loan: No      |
| TEVA PHARMACEUTICALS NE                   | Teva Pharmaceutical Finance Netherlands III BV                            | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |     92000 | PA      | $80143.04     | 0.34%             | 2026-10-01      | Fixed         | 3.15%                 | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2023-01-24

**Name of Applicant:** Tidal ETF Trust

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer