# EDGAR Filing Document

**Accession Number:** 0000908695
**File Stem:** 0001004726-25-003366
**Filing Date:** 2025-12
**Character Count:** 203338
**Document Hash:** 4c8835b43b94b3139af02b0e1653527c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-25-003366.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0001004726-25-003366

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS III
- **CENTRAL INDEX KEY:** 0000908695

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07852
- **FILM NUMBER:** 251604461

**BUSINESS ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256
- **BUSINESS PHONE:** 210-697-3625

**MAIL ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA MUTUAL FUNDS TRUST
- **DATE OF NAME CHANGE:** 20060420

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX FREE TRUST
- **DATE OF NAME CHANGE:** 19940325

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX EXEMPT TRUST
- **DATE OF NAME CHANGE:** 19930707

## Series and Classes Contracts Data

### Victory High Income Fund (Formerly USAA High Income Fund) (Series ID: S000012898)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000034867 | Victory High Income Fund Shares               | USHYX           |
| C000066837 | Victory High Income Fund Institutional Shares | UIHIX           |
| C000175747 | Victory High Income Fund Class R6             | URHIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Victory Portfolios III

- **b. Investment Company Act file number:** 811-07852

- **c. CIK number of Registrant:** 0000908695

- **d. LEI of Registrant:** 549300WIDR2J6W1Y9S11

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

  - **Street Address 1:** 15935 La Cantera Pkwy Building Two

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 800-235-8396

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

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

- **b. EDGAR series identifier (if any):** S000012898

- **c. LEI of Series:** 549300YX3N277LJWQZ46

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1006820606.27

**Total Liabilities:** $22992986.93

**Net Assets:** $983827619.34

**Cash Not Reported:** $6188265.23

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -423.98712392 | **1-Year:** -4370.97461282 | **5-Year:** -10961.03370423 | **10-Year:** -5254.15840308 | **30-Year:** -1118.49537780

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

- **3-Month:** -2206.11201355 | **1-Year:** -60423.42476372 | **5-Year:** -141319.35398182 | **10-Year:** -33453.76987964 | **30-Year:** -1055.81604129

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000066837 | 0.97%                | 0.88%                | 0.26%                |
| Class ID C000034867 | 0.97%                | 0.88%                | 0.25%                |
| Class ID C000175747 | 0.98%                | 0.88%                | 0.27%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-279130.30              | $4613619.50                                |
| Month 2  | $2318558.69              | $1288246.40                                |
| Month 3  | $-3441642.85             | $888375.81                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| UWM HOLDINGS, LLC                                                | UWM HOLDINGS LLC                                   | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    893000 | PA      | $891393.49    | 0.09%             | 2031-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| METHANEX CORPORATION                                             | METHANEX CORP                                      | CUSIP: 59151KAL2<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |   2431000 | PA      | $2419494.88   | 0.25%             | 2029-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| POST ROAD EQUIPMENT FINANCE LLC                                  | POST ROAD EQUIPMENT FINANCE 2024 1 LLC             | CUSIP: 737473AE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    333000 | PA      | $340647.15    | 0.03%             | 2030-10-15      | Fixed         | 6.77%                 | Yes           |                  2 | On Loan: No      |
| ACADIA HEALTHCARE COMPANY, INC.                                  | ACADIA HEALTHCARE CO INC                           | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    828000 | PA      | $856979.38    | 0.09%             | 2033-03-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: —       |
| U.S. ACUTE CARE SOLUTIONS, LLC                                   | US ACUTE CARE SOLUTIONS LLC                        | CUSIP: 90367UAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2861000 | PA      | $2909572.49   | 0.30%             | 2029-05-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Azorra Finance Limited                                           | AZORRA FINANCE LTD                                 | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |   4275000 | PA      | $4509800.10   | 0.46%             | 2030-04-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT LLC                                       | FERTITTA ENTERTAINMENT LLC                         | CUSIP: 31556PAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    205676 | PA      | $205427.21    | 0.02%             | 2029-01-27      | Floating      | 7.21%                 | No            |                  2 | On Loan: No      |
| AMC ENTERTAINMENT HOLDINGS, INC.                                 | AMC ENTERTAINMENT HOLDINGS INC                     | CUSIP: 00164CAD7<br>LEI: 549300ZO77UNR6NRBR11 | Long             | LON              | CORP              | US        |   4316010 | PA      | $4319937.26   | 0.44%             | 2029-01-04      | Floating      | 11.03%                | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I, L.P.                                           | HILCORP ENERGY I LP HILCORP FINANCE CO             | CUSIP: 431318BG8<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    685000 | PA      | $659312.50    | 0.07%             | 2035-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST                                                         | BX TRUST 2025 GW                                   | CUSIP: 12433GAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1526000 | PA      | $1529648.44   | 0.16%             | 2042-07-15      | Floating      | 6.90%                 | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES, INC.                                       | ALBERTSONS COS SAFEWAY                             | CUSIP: 013092AE1<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   6750000 | PA      | $6665484.38   | 0.68%             | 2030-02-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| CABLEVISION LIGHTPATH CT LLC                                     | CABLEVISION LIGHTPATH LLC                          | CUSIP: 12687GAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1997000 | PA      | $1969266.40   | 0.20%             | 2028-09-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE, LLC                               | ALLIANT HOLDINGS INTERMEDIATE LLC                  | CUSIP: 01883LAG8<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1027066.68   | 0.10%             | 2031-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| STAPLES, INC.                                                    | STAPLES INC                                        | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2439053.53   | 0.25%             | 2029-09-01      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| OSAIC HOLDINGS, INC.                                             | OSAIC HOLDINGS INC                                 | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |   1203000 | PA      | $1234687.46   | 0.13%             | 2033-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings, Inc.                                              | POST HOLDINGS INC                                  | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   3490000 | PA      | $3543912.83   | 0.36%             | 2033-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS, LLC                                                | CSC HOLDINGS LLC                                   | CUSIP: 126307BK2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $525080.80    | 0.05%             | 2031-11-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: —       |
| Edgewell Personal Care Company                                   | EDGEWELL PERSONAL CARE CO                          | CUSIP: 28035QAB8<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |   3804000 | PA      | $3615156.09   | 0.37%             | 2029-04-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Grupo Aeromexico, S.A.B. de C.V.                                 | GRUPO AEROMEXICO SAB DE CV                         | CUSIP: 40054JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |   3410000 | PA      | $3437454.48   | 0.35%             | 2031-11-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INTERNATIONAL CORPORATION                   | SCIENCE APPLICATIONS INTERNATIONAL CORP            | CUSIP: 808625AB3<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |    894000 | PA      | $891371.55    | 0.09%             | 2033-11-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC.                                                  | BOMBARDIER INC                                     | CUSIP: 097751BX8<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   2500000 | PA      | $2504933.78   | 0.25%             | 2028-02-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                                       | FLAGSHIP CREDIT AUTO TRUST 2019 3                  | CUSIP: 33846AAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    288266 | PA      | $286677.58    | 0.03%             | 2026-12-15      | Fixed         | 3.84%                 | Yes           |                  2 | On Loan: No      |
| CALPINE CORPORATION                                              | CALPINE CORP                                       | CUSIP: 131347CP9<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3576316.93   | 0.36%             | 2029-02-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| WarnerMedia Holdings, Inc.                                       | WARNERMEDIA HOLDINGS INC                           | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   4127000 | PA      | $3312866.71   | 0.34%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDINGS INC.                                   | JH NORTH AMERICA HOLDINGS INC                      | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |   1359000 | PA      | $1394751.01   | 0.14%             | 2032-07-31      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| TALLGRASS ENERGY PARTNERS, LP                                    | TALLGRASS ENERGY PARTNERS LP                       | CUSIP: 87470LAL5<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1030685.35   | 0.10%             | 2029-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| UNITED RENTALS (NORTH AMERICA), INC.                             | UNITED RENTALS INC                                 | CUSIP: 911365BR4<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   4916000 | PA      | $5136971.64   | 0.52%             | 2034-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| SEALED AIR CORPORATION                                           | SEALED AIR CORP                                    | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3104036.28   | 0.32%             | 2032-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                             | SANTANDER BANK AUTO CREDIT LINKED NOTES SERIES 202 | CUSIP: 80290CBV5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     27448 | PA      | $27494.29     | 0.00%             | 2033-06-15      | Fixed         | 6.74%                 | Yes           |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                                            | BELRON UK FINANCE PLC                              | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |   2275000 | PA      | $2305817.32   | 0.23%             | 2029-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| MONEYGRAM INTERNATIONAL, INC.                                    | MOBIUS MERGER SUB INC                              | CUSIP: 606950AA1<br>LEI: 5299002DLX0Q04KC4156 | Long             | DBT              | CORP              | US        |   2453000 | PA      | $2027579.29   | 0.21%             | 2030-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| JETBLUE AIRWAYS CORPORATION                                      | JETBLUE AIRWAYS CORP JETBLUE LOYALTY LP            | CUSIP: 476920AA1<br>LEI: 54930070J9H97ZO93T57 | Long             | DBT              | CORP              | US        |    491000 | PA      | $482465.76    | 0.05%             | 2031-09-20      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| CENTURY COMMUNITIES, INC.                                        | CENTURY COMMUNITIES INC                            | CUSIP: 156504AM4<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |   2650000 | PA      | $2486484.00   | 0.25%             | 2029-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| THE GEO GROUP, INC.                                              | GEO GROUP INC THE                                  | CUSIP: 36162JAG1<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |    247000 | PA      | $260691.03    | 0.03%             | 2029-04-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| NOVA Chemicals Corporation                                       | NOVA CHEMICALS CORP                                | CUSIP: 66977WAV1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    405000 | PA      | $429540.93    | 0.04%             | 2031-12-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| THE CHEMOURS COMPANY                                             | CHEMOURS CO THE                                    | CUSIP: 163851AJ7<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    991000 | PA      | $955929.16    | 0.10%             | 2033-01-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| NORTHRIVER MIDSTREAM FINANCE LP                                  | NORTHRIVER MIDSTREAM FINANCE LP                    | CUSIP: 66679NAB6<br>LEI: 549300SOLNLY3BL6GF18 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2037065.77   | 0.21%             | 2032-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| HERC HOLDINGS INC.                                               | HERC HOLDINGS INC                                  | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2065987.80   | 0.21%             | 2029-06-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| NRG ENERGY, INC.                                                 | NRG ENERGY INC                                     | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2008773.23   | 0.20%             | 2029-07-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| DIRECTV FINANCING, LLC                                           | DIRECTV FINANCING LLC                              | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3548000 | PA      | $3547927.98   | 0.36%             | 2031-02-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| AVENTURA MALL VENTURE                                            | AVENTURA MALL TRUST                                | CUSIP: 05359AAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2918707.44   | 0.30%             | 2040-07-05      | Variable      | 4.25%                 | Yes           |                  2 | On Loan: No      |
| UKG INC.                                                         | UKG INC                                            | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |    127903 | PA      | $127813.28    | 0.01%             | 2031-01-31      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS, INC.                                          | QUIKRETE HOLDINGS INC                              | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   4464000 | PA      | $4633930.16   | 0.47%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| VOYAGER PARENT, LLC                                              | VOYAGER PARENT LLC                                 | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |   2730000 | PA      | $2864008.19   | 0.29%             | 2032-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| COUGAR JV SUBSIDIARY, LLC                                        | COUGAR JV SUBSIDIARY LLC                           | CUSIP: 22208WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1067255.61   | 0.11%             | 2032-05-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| SANDISK CORPORATION                                              | SANDISK CORPORATION                                | CUSIP: 80004YAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     77778 | PA      | $77826.77     | 0.01%             | 2031-12-13      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS, LLC                            | FRONTIER COMMUNICATIONS CORP                       | CUSIP: 35906ABG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12321000 | PA      | $12444192.94  | 1.26%             | 2029-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CCO HOLDINGS, LLC                                                | CCO HOLDINGS LLC CCO HOLDINGS CAPITAL CORP         | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4715000 | PA      | $3961043.92   | 0.40%             | 2034-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP, INC.                                       | CLOUD SOFTWARE GROUP INC                           | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    500000 | PA      | $516990.80    | 0.05%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| FMC CORPORATION                                                  | FMC CORP                                           | CUSIP: 34410WY30<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | STIV             | CORP              | US        |   7500000 | PA      | $7497051.00   | 0.76%             |  |  |  | Yes           |                  2 | On Loan: No      |
| VERITIV OPERATING COMPANY                                        | VERDE PURCHASER LLC                                | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |    250000 | PA      | $260273.61    | 0.03%             | 2030-11-30      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| VITAL ENERGY, INC.                                               | VITAL ENERGY INC                                   | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    342000 | PA      | $323715.71    | 0.03%             | 2032-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: —       |
| HUDSON YARDS MORTGAGE TRUST                                      | HUDSON YARDS 2025 SPRL MORTGAGE TRUST              | CUSIP: 44855PAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $102878.58    | 0.01%             | 2040-01-13      | Variable      | 6.55%                 | Yes           |                  2 | On Loan: No      |
| VICI PROPERTIES L.P.                                             | VICI PROPERTIES NOTE                               | CUSIP: 92564RAE5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |   1224000 | PA      | $1183424.40   | 0.12%             | 2030-08-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| IVANHOE MINES LTD                                                | IVANHOE MINES LTD                                  | CUSIP: 46579RAE4<br>LEI: 5299006XZISURYIA4G32 | Long             | DBT              | CORP              | CA        |   1614000 | PA      | $1662680.88   | 0.17%             | 2030-01-23      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| DENTSPLY SIRONA INC.                                             | DENTSPLY SIRONA INC                                | CUSIP: 24906PAB5<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |   2284000 | PA      | $2353721.83   | 0.24%             | 2055-09-12      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC                                                     | PETSMART INC PETSMART FINANCE CORP                 | CUSIP: 71677KAD0<br>LEI: 894500NGJMHSFNESGA67 | Long             | DBT              | CORP              | US        |    500000 | PA      | $502872.57    | 0.05%             | 2033-09-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC.                                                   | TRANSDIGM INC                                      | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1016437.97   | 0.10%             | 2033-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| C&S GROUP ENTERPRISES LLC                                        | C S GROUP ENTERPRISES LLC                          | CUSIP: 12467AAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2693000 | PA      | $2458243.89   | 0.25%             | 2028-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| OPEN TEXT INC.                                                   | OPEN TEXT CORP OPEN TEXT HOLDINGS INC              | CUSIP: 683720AC0<br>LEI: 391200TOWHX99FWE8G92 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3258597.41   | 0.33%             | 2031-12-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| THE E.W. SCRIPPS COMPANY                                         | EW SCRIPPS CO THE                                  | CUSIP: 26928BAQ2<br>LEI: 549300U1OW41QPKYW028 | Long             | LON              | CORP              | US        |   1697357 | PA      | $1716095.51   | 0.17%             | 2028-06-30      | Floating      | 9.71%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING, LLC                                           | HIGHTOWER HOLDING LLC                              | CUSIP: 43118DAB6<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |    750000 | PA      | $803713.04    | 0.08%             | 2030-01-31      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| State Street SPDR Portfolio High Yield Bond ETF                  | STATE STREET SPDR PORTFOLIO HIGH YIELD BOND ETF    | CUSIP: 78468R606<br>LEI: N/A                  | Long             |  | RF                | US        |    300000 | NS      | $7140000.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: —       |
| AADVANTAGE LOYALTY IP LTD.                                       | AMERICAN AIRLINES INC AADVAN                       | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    725140 | PA      | $730369.08    | 0.07%             | 2029-04-20      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| VT TOPCO, INC.                                                   | VT TOPCO INC                                       | CUSIP: 91838PAA9<br>LEI: 5493007T812R37X02Y38 | Long             | DBT              | CORP              | US        |    500000 | PA      | $520020.39    | 0.05%             | 2030-08-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| CALPINE CORPORATION                                              | CALPINE CORP                                       | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4249869.29   | 0.43%             | 2028-03-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| ECHOSTAR CORPORATION                                             | ECHOSTAR CORP                                      | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   4245647 | PA      | $4382863.73   | 0.45%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Aris Mining Corporation                                          | ARIS MINING CORP                                   | CUSIP: 04040YAB5<br>LEI: 5493001GJ5TILX6L1F82 | Long             | DBT              | CORP              | CA        |    900000 | PA      | $935933.91    | 0.10%             | 2029-10-31      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| GOAT HOLDCO, LLC                                                 | GOAT HOLDCO LLC                                    | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1940000 | PA      | $1989647.52   | 0.20%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT, INC.                                      | CAESARS ENTERTAINMENT INC                          | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   1336000 | PA      | $1274609.45   | 0.13%             | 2032-10-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: —       |
| GROUP 1 AUTOMOTIVE, INC.                                         | GROUP 1 AUTOMOTIVE INC                             | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1123596.87   | 0.11%             | 2030-01-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| WAND NEWCO 3, INC.                                               | WAND NEWCO 3 INC                                   | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52388.36     | 0.01%             | 2032-01-30      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP.                                              | BAYTEX ENERGY CORP                                 | CUSIP: 07317QAK1<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |    946000 | PA      | $931912.12    | 0.09%             | 2032-03-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| BCPE PEQUOD BUYER, INC.                                          | BCPE PEQUOD BUYER INC                              | CUSIP: 05624AAB8<br>LEI: 254900HEEOS2IWC84V94 | Long             | LON              | CORP              | US        |    498750 | PA      | $499996.88    | 0.05%             | 2031-11-25      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| ONTARIO GAMING GTA LIMITED PARTNERSHIP                           | ONTARIO GAMING GTA LP                              | CUSIP: C6907UAB7<br>LEI: 894500EC9KLZLOC3V025 | Long             | LON              | CORP              | CA        |   1857438 | PA      | $1737484.53   | 0.18%             | 2030-08-01      | Floating      | 8.24%                 | No            |                  2 | On Loan: No      |
| PRA GROUP, INC.                                                  | PRA GROUP INC                                      | CUSIP: 69354NAF3<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1727204.41   | 0.18%             | 2030-01-31      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST                                     | FORD CREDIT AUTO OWNER TRUST 2023 REV1             | CUSIP: 34535QAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1966000 | PA      | $2004214.92   | 0.20%             | 2035-08-15      | Fixed         | 6.26%                 | Yes           |                  2 | On Loan: No      |
| EMRLD BORROWER LP                                                | EMERALD DEBT MERGER SUB LLC                        | CUSIP: 29103CAA6<br>LEI: 5493000GJYE7GAQCUC61 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3083117.98   | 0.31%             | 2030-12-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FINANCE SA                                   | CONSOLIDATED ENERGY FINANCE SA                     | CUSIP: L1957LAE1<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   1795443 | PA      | $1501439.24   | 0.15%             | 2030-11-18      | Floating      | 8.20%                 | No            |                  2 | On Loan: No      |
| AMSTED INDUSTRIES INCORPORATED                                   | AMSTED INDUSTRIES INC                              | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |   3719000 | PA      | $3847178.52   | 0.39%             | 2033-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| URBAN ONE, INC.                                                  | URBAN ONE INC                                      | CUSIP: 91705JAC9<br>LEI: 549300PLGIGPBRQUP240 | Long             | DBT              | CORP              | US        |   3616000 | PA      | $1840532.90   | 0.19%             | 2028-02-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| NEWELL BRANDS INC.                                               | NEWELL BRANDS INC                                  | CUSIP: 651229AX4<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    500000 | PA      | $470886.53    | 0.05%             | 2036-04-01      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                           | EQUIPMENTSHARE COM INC                             | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1010030.96   | 0.10%             | 2032-05-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICES, INC.                                  | PRIME HEALTHCARE SERVICES INC                      | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4439000 | PA      | $4671070.35   | 0.47%             | 2029-09-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| US FOODS, INC.                                                   | US FOODS INC                                       | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2968840.50   | 0.30%             | 2029-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| GRIFFON CORPORATION                                              | GRIFFON CORP                                       | CUSIP: 398433AP7<br>LEI: 5493000C2SGNC7ZN3242 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1499197.64   | 0.15%             | 2028-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Viking Cruises Ltd                                               | VIKING CRUISES LTD                                 | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |   1116000 | PA      | $1133107.14   | 0.12%             | 2033-10-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| THE HERTZ CORPORATION                                            | HERTZ CORP THE                                     | CUSIP: 428040DC0<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2526519.19   | 0.26%             | 2029-07-15      | Fixed         | 12.62%                | Yes           |                  2 | On Loan: No      |
| LIGHT AND WONDER INTERNATIONAL, INC.                             | LIGHT WONDER INTERNATIONAL INC                     | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |   1340000 | PA      | $1335369.22   | 0.14%             | 2033-10-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC.                                            | NEPTUNE BIDCO US INC                               | CUSIP: 64069JAF9<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |    176346 | PA      | $170174.09    | 0.02%             | 2028-10-11      | Floating      | 8.66%                 | No            |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST                                       | LAD AUTO RECEIVABLES TRUST 2023 1                  | CUSIP: 505710AF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2263000 | PA      | $2305224.92   | 0.23%             | 2030-06-17      | Fixed         | 7.30%                 | Yes           |                  2 | On Loan: No      |
| BLOCK, INC.                                                      | BLOCK INC                                          | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   3227000 | PA      | $3349106.40   | 0.34%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| THE HOWARD HUGHES CORPORATION                                    | HOWARD HUGHES CORP THE                             | CUSIP: 44267DAF4<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |   6390000 | PA      | $6009437.23   | 0.61%             | 2031-02-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERATING, LP                                  | WESTERN MIDSTREAM                                  | CUSIP: 95866WY71<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | STIV             | CORP              | US        |   9700000 | PA      | $9691494.07   | 0.99%             |  |  |  | Yes           |                  2 | On Loan: No      |
| TKC HOLDINGS, INC.                                               | TKC HOLDINGS INC                                   | CUSIP: 87256YAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3084233.21   | 0.31%             | 2029-05-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| LATAM Airlines Group S.A.                                        | LATAM AIRLINES GROUP SA                            | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |   1548000 | PA      | $1601608.20   | 0.16%             | 2030-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD U.S. BORROWER, LLC.                          | CUSHMAN WAKEFIELD US BORROWER LLC                  | CUSIP: 23166MAC7<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1606267.32   | 0.16%             | 2031-09-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Lehman Brothers Treasury Co. B.V. in liquidatie                  | LEHMAN BROTHERS TSY BV                             | CUSIP: N/A<br>LEI: 724500T0F0L76GZEZQ58       | Long             | DBT              | CORP              | NL        |   1446508 | PA      | $370.31       | 0.00%             | 2199-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INDICOR, LLC                                                     | ROPER INDUSTRIAL PRODUCTS INVESTMENT CO            | CUSIP: 77669LAK9<br>LEI: 254900RXO1EICEHOLG29 | Long             | LON              | CORP              | US        |    434441 | PA      | $435444.72    | 0.04%             | 2029-11-23      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS, LLC                                             | SHIFT4 PAYMENTS LLC                                | CUSIP: 82453AAB3<br>LEI: 254900GTEMR7L40VPI74 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2376342.36   | 0.24%             | 2032-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Bacardi-Martini B.V.                                             | BACARDI USA INC                                    | CUSIP: 05634EZB1<br>LEI: 5493002XXBV8B88K2408 | Long             | STIV             | CORP              | NL        |   1800000 | PA      | $1790949.96   | 0.18%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC.                                            | NEPTUNE BIDCO US INC                               | CUSIP: 64069JAC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |    199770 | PA      | $192728.51    | 0.02%             | 2029-04-11      | Floating      | 8.91%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                           | EQUIPMENTSHARE COM INC                             | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |    332000 | PA      | $326967.99    | 0.03%             | 2033-03-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES, LP                                         | RHP HOTEL PROPERTIES LP RHP FINANCE CORP           | CUSIP: 749571AK1<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |   2121000 | PA      | $2181323.74   | 0.22%             | 2032-04-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND                             | HSBC US GOVT MMKT-I                                | CUSIP: 40428X107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   3104697 | NS      | $3104697.38   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| COUNTRYWIDE HOME LOANS INC                                       | CWHL MORTGAGE PASS THROUGH TRUST 2004 25           | CUSIP: 12669GKD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    377719 | PA      | $36658.10     | 0.00%             | 2035-02-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOGY PTE. LTD.                        | SEAGATE DATA STORAGE TECHNOLOGY PTE LTD            | CUSIP: 81180LAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   2090000 | PA      | $2382403.56   | 0.24%             | 2032-12-01      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| HIG FINANCE 2 LIMITED                                            | HYPERION REFINANCE S A R L                         | CUSIP: G4712JAY8<br>LEI: 213800OOZO37Y7YL2O58 | Long             | LON              | CORP              | GB        |   1766623 | PA      | $1773618.99   | 0.18%             | 2030-04-18      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| X CORP.                                                          | X CORP                                             | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    992347 | PA      | $966655.08    | 0.10%             | 2029-10-26      | Floating      | 10.20%                | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT, INC.                                      | CAESARS ENTERTAINMENT INC                          | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    500000 | PA      | $514704.76    | 0.05%             | 2030-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| AXON ENTERPRISE, INC.                                            | AXON ENTERPRISE INC                                | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |   1385000 | PA      | $1436358.85   | 0.15%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE, INC.                                       | BUILDERS FIRSTSOURCE INC                           | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   2242000 | PA      | $2322352.67   | 0.24%             | 2034-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CAPSTONE BORROWER, INC.                                          | CAPSTONE BORROWER INC                              | CUSIP: 140944AA7<br>LEI: 254900YSP2BAI3YKIX08 | Long             | DBT              | CORP              | US        |    500000 | PA      | $510550.96    | 0.05%             | 2030-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| LITHIA MOTORS, INC.                                              | LITHIA MOTORS INC                                  | CUSIP: 536797AG8<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |   7239000 | PA      | $6915901.33   | 0.70%             | 2029-06-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| MINERAL RESOURCES LIMITED                                        | MINERAL RESOURCES LTD                              | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   2000000 | PA      | $2097473.22   | 0.21%             | 2028-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS, INC.                               | CHS COMMUNITY HEALTH SYSTEMS INC                   | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1083000 | PA      | $1166616.98   | 0.12%             | 2032-01-15      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| ESAB CORPORATION                                                 | ESAB CORP                                          | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |    500000 | PA      | $511789.64    | 0.05%             | 2029-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| SEASPAN CORPORATION                                              | SEASPAN CORP                                       | CUSIP: 81254UAK2<br>LEI: 5493007Z8Q1H45KT7W98 | Long             | DBT              | CORP              | MH        |    750000 | PA      | $720116.13    | 0.07%             | 2029-08-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS, INC.                               | CHS COMMUNITY HEALTH SYSTEMS INC                   | CUSIP: 12543DBQ2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1354932.15   | 0.14%             | 2034-01-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| BLOCK, INC.                                                      | BLOCK INC                                          | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   1251000 | PA      | $1279038.48   | 0.13%             | 2033-08-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORPORATION                                     | ENCOMPASS HEALTH CORP                              | CUSIP: 29261AAE0<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |    500000 | PA      | $487958.28    | 0.05%             | 2031-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES, INC.                                       | ALBERTSONS COS INC                                 | CUSIP: 01309QAA6<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   2441000 | PA      | $2486747.08   | 0.25%             | 2028-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SABINE OIL GAS HOLDINGS INC                                      | SABINE OIL GAS HOLDINGS INC                        | CUSIP: 78532M104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2824 | NS      | $395.36       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS, INC.                             | CLEAR CHANNEL OUTDOOR HOLDINGS INC                 | CUSIP: 18453HAH9<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   3187000 | PA      | $3335426.04   | 0.34%             | 2033-03-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| CHURCHILL DOWNS INCORPORATED                                     | CDI ESCROW ISSUER INC                              | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001753.39   | 0.10%             | 2030-04-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| NORDSTROM, INC.                                                  | NORDSTROM INC                                      | CUSIP: 655664AT7<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    898000 | PA      | $851476.64    | 0.09%             | 2030-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PRESTIGE BRANDS, INC.                                            | PRESTIGE BRANDS INC                                | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |   5400000 | PA      | $5013782.42   | 0.51%             | 2031-04-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| BOYD GAMING CORPORATION                                          | BOYD GAMING CORP                                   | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1059482.08   | 0.11%             | 2031-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| GXO LOGISTICS, INC.                                              | GXO LOGISTICS INC                                  | CUSIP: 36262GAG6<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |    809000 | PA      | $869007.99    | 0.09%             | 2034-05-06      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP, INC.                                       | PICARD MIDCO INC                                   | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1979000 | PA      | $1994173.61   | 0.20%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD.                                     | ROYAL CARIBBEAN CRUISES LTD                        | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   7787000 | PA      | $7992001.65   | 0.81%             | 2033-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                         | 5 YEAR US TREASURY NOTE FUTURE DEC25               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       225 | NC      | $95578.76     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHS Inc.                                                         | CHS INC                                            | CUSIP: 12542R506<br>LEI: XEIEFTLYDQ1MZ6TZV015 | Long             | EP               | CORP              | US        |     76204 | NS      | $1917292.64   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CSC HOLDINGS, LLC                                                | CSC HOLDINGS LLC                                   | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $3941985.87   | 0.40%             | 2028-05-15      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: No      |
| METROPOLIS TECHNOLOGIES, INC.                                    | METROPOLIS TECHNOLOGIES INC                        | CUSIP: 59173YAC6<br>LEI: 2549007G4NS5EM5X7O93 | Long             | LON              | CORP              | US        |   2240000 | PA      | $2217600.00   | 0.23%             | 2032-10-20      | Floating      | 9.23%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I, L.P.                                        | HARVEST MIDSTREAM I LP                             | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |   4100000 | PA      | $4246754.54   | 0.43%             | 2032-05-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| VISTAJET MALTA FINANCE P.L.C.                                    | VISTAJET MALTA FINANCE PLC VISTA INC               | CUSIP: 92841HAA0<br>LEI: 5299001UK94VGT0CPQ36 | Long             | DBT              | CORP              | MT        |    700000 | PA      | $726627.71    | 0.07%             | 2028-06-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| TENET HEALTHCARE CORPORATION                                     | TENET HEALTHCARE CORP                              | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   2683000 | PA      | $2686126.42   | 0.27%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC.                                    | UNIVISION COMMUNICATIONS INC                       | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2009093.00   | 0.20%             | 2030-06-30      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| ROCKET SOFTWARE, INC.                                            | ROCKET SOFTWARE INC                                | CUSIP: 77313DAW1<br>LEI: 549300PVG26ISP5X1556 | Long             | LON              | CORP              | US        |   2955131 | PA      | $2941153.58   | 0.30%             | 2028-11-28      | Floating      | 7.71%                 | No            |                  2 | On Loan: No      |
| NCR VOYIX CORPORATION                                            | NCR CORP                                           | CUSIP: 62886EBA5<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |    729000 | PA      | $721887.37    | 0.07%             | 2029-04-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| NOVA Chemicals Corporation                                       | NOVA CHEMICALS CORP                                | CUSIP: 66977WAS8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2215000 | PA      | $2154529.33   | 0.22%             | 2029-05-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| CHS Inc.                                                         | CHS INC PFD                                        | CUSIP: 12542R308<br>LEI: XEIEFTLYDQ1MZ6TZV015 | Long             | EP               | CORP              | US        |     87180 | NS      | $2301552.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| NP SPE X L P                                                     | NP SPE II LLC                                      | CUSIP: 62947AAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1568452 | PA      | $1515258.31   | 0.15%             | 2049-11-19      | Fixed         | 6.44%                 | Yes           |                  2 | On Loan: No      |
| INTERNATIONAL FLAVORS & FRAGRANCES INC.                          | INTL FLAVORS FRAGNANCE                             | CUSIP: 4595A2YD5<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | STIV             | CORP              | US        |   3900000 | PA      | $3894218.64   | 0.40%             |  |  |  | Yes           |                  2 | On Loan: No      |
| DIEBOLD NIXDORF, INCORPORATED                                    | DIEBOLD NIXDORF INC                                | CUSIP: 253651AK9<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |    194000 | PA      | $206201.70    | 0.02%             | 2030-03-31      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| AMC NETWORKS INC.                                                | AMC NETWORKS INC                                   | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1260239.90   | 0.13%             | 2029-01-15      | Fixed         | 10.25%                | Yes           |                  2 | On Loan: No      |
| iShares BB Rated Corporate Bond ETF                              | ISHARES BB RATED CORPORATE BOND ETF                | CUSIP: 46435U473<br>LEI: N/A                  | Long             |  | RF                | US        |    246500 | NS      | $11629870.00  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| RESORTS WORLD LAS VEGAS LLC                                      | RESORTS WORLD LAS VEGAS LLC                        | CUSIP: 76120HAC1<br>LEI: 254900LHVH9D3APT8R82 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $938406.81    | 0.10%             | 2031-04-06      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| VERSANT MEDIA GROUP INC                                          | VERSANT MEDIA GROUP INC                            | CUSIP: BL5271491<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    500000 | PA      | $497710.00    | 0.05%             | 2030-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ONEDIGITAL BORROWER LLC                                          | ONEDEGITAL BORROWER LLC                            | CUSIP: 68252HAB0<br>LEI: 2549009GTKWWAO1E9X77 | Long             | LON              | CORP              | US        |   3000000 | PA      | $3020640.00   | 0.31%             | 2031-07-02      | Floating      | 9.21%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLOBAL FINANCE LLC                               | BURFORD CAPITAL GLOBAL FINANCE LLC                 | CUSIP: 12116LAG4<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |   5207000 | PA      | $5144132.76   | 0.52%             | 2033-07-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO                            | INVESCO GVT & AGNCY-INST                           | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   3104697 | NS      | $3104697.38   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| PARK INTERMEDIATE HOLDINGS LLC.                                  | PARK INTERMEDIATE HOLDINGS LLC                     | CUSIP: 70052LAC7<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |    500000 | PA      | $485815.39    | 0.05%             | 2029-05-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| AIR LEASE CORPORATION                                            | AIR LEASE CORP                                     | CUSIP: 00913WYD1<br>LEI: 5493004NW4M4P8TMMK63 | Long             | STIV             | CORP              | US        |   1200000 | PA      | $1198132.92   | 0.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS, INC.                                         | ADVANCE AUTO PARTS INC                             | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |   3550000 | PA      | $3593820.53   | 0.37%             | 2033-08-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| SOLSTICE ADVANCED MATERIALS INC.                                 | SOLSTICE ADVANCED MATERIALS INC                    | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |    536000 | PA      | $536428.80    | 0.05%             | 2033-09-30      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                             | SANTANDER BANK AUTO CREDIT LINKED NOTES SERIES 202 | CUSIP: 80280BAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    963004 | PA      | $965934.03    | 0.10%             | 2033-01-18      | Fixed         | 6.80%                 | Yes           |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO, LLC                                     | BEACH ACQUISITION BIDCO LLC                        | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |   1573000 | PA      | $1691943.60   | 0.17%             | 2033-07-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| GARRETT MOTION HOLDINGS INC.                                     | GARRETT MOTION HOLDINGS INC GARRETT LX I SARL      | CUSIP: 366504AA6<br>LEI: 5493001N1N6Z0SR83G07 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1052664.23   | 0.11%             | 2032-05-31      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS, LLC                                    | FOCUS FINANCIAL PARTNERS LLC                       | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1676285.84   | 0.17%             | 2031-09-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| WINDSOR HOLDINGS III, LLC                                        | WINDSOR HOLDINGS III LLC                           | CUSIP: 97360AAA5<br>LEI: 254900IXUJZ9H146T437 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1055446.70   | 0.11%             | 2030-06-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER, LLC                                        | GTCR W 2 MERGER SUB LLC                            | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |   5962000 | PA      | $6319959.11   | 0.64%             | 2031-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| ONE MORTGAGE TRUST                                               | ONE 2021 PARK MORTGAGE TRUST                       | CUSIP: 682413AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1775000 | PA      | $1706954.19   | 0.17%             | 2036-03-15      | Floating      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| CP ATLAS BUYER, INC.                                             | CP ATLAS BUYER INC                                 | CUSIP: 12658HAL6<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | LON              | CORP              | US        |   3529495 | PA      | $3473905.45   | 0.35%             | 2030-07-08      | Floating      | 9.21%                 | No            |                  2 | On Loan: No      |
| ROLLER BEARING COMPANY OF AMERICA, INC.                          | ROLLER BEARING CO OF AMERICA INC                   | CUSIP: 775631AD6<br>LEI: 254900U9XW6S76H2P167 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $978395.59    | 0.10%             | 2029-10-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| FCCU AUTO RECEIVABLES TRUST                                      | FCCU AUTO RECEIVABLES TRUST 2024 1                 | CUSIP: 30336CAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1135555 | PA      | $1177095.75   | 0.12%             | 2032-07-15      | Fixed         | 6.78%                 | Yes           |                  2 | On Loan: No      |
| AVIENT CORPORATION                                               | AVIENT CORP                                        | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |    500000 | PA      | $510577.91    | 0.05%             | 2031-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING                                   | AVIS BUDGET RENTAL CAR FUNDING AESOP LLC           | CUSIP: 05377RHE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2046336.76   | 0.21%             | 2028-04-20      | Fixed         | 6.85%                 | Yes           |                  2 | On Loan: No      |
| GREAT OUTDOORS GROUP, LLC                                        | GREAT AMERICAN OUTDOORS                            | CUSIP: 07014QAP6<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |    966376 | PA      | $965370.48    | 0.10%             | 2032-03-05      | Floating      | 7.21%                 | No            |                  2 | On Loan: No      |
| ATS CORPORATION                                                  | ATS AUTOMATION TOOLING SYSTEMS INC                 | CUSIP: 001940AC9<br>LEI: 5493005KP4RP3IU7HQ41 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $964462.24    | 0.10%             | 2028-12-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                         | SERVICE PROPERTIES TRUST                           | CUSIP: 81761LAE2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   2043000 | PA      | $2013368.00   | 0.20%             | 2032-06-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORPORATION                                     | TENET HEALTHCARE CORP                              | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   4466000 | PA      | $4465096.80   | 0.45%             | 2027-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| COREWEAVE, INC.                                                  | COREWEAVE INC                                      | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    880000 | PA      | $882947.65    | 0.09%             | 2031-02-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| PETSMART LLC                                                     | PETSMART LLC                                       | CUSIP: 71677HAN5<br>LEI: 894500NGJMHSFNESGA67 | Long             | LON              | CORP              | US        |   2000000 | PA      | $1970000.00   | 0.20%             | 2032-08-09      | Floating      | 8.03%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                 | ALTICE FRANCE LUX 3 ALTICE HOLDINGS 1              | CUSIP: 02090DAB4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   5775750 | PA      | $5650873.42   | 0.57%             | 2030-10-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ZEGONA FINANCE PLC                                               | ZEGONA FINANCE PLC                                 | CUSIP: 98927UAA5<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |   2051000 | PA      | $2181075.87   | 0.22%             | 2029-07-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                           | EQUIPMENTSHARE COM INC                             | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1512033.60   | 0.15%             | 2028-05-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| CENTENE CORPORATION                                              | CENTENE CORP                                       | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   3111000 | PA      | $3018202.43   | 0.31%             | 2029-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| THE E.W. SCRIPPS COMPANY                                         | SCRIPPS ESCROW II INC                              | CUSIP: 81105DAB1<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $820675.54    | 0.08%             | 2031-01-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND                   | GLDMN SCHS FIN SQ GV-FST                           | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   3104697 | NS      | $3104697.38   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MGM RESORTS INTERNATIONAL                                        | MGM RESORTS INTERNATIONAL                          | CUSIP: 552953CK5<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1374388.42   | 0.14%             | 2029-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| GGAM Finance Limited                                             | GGAM FINANCE LTD                                   | CUSIP: 36170JAD8<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |   1100000 | PA      | $1141251.97   | 0.12%             | 2029-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Gray Media, Inc                                                  | GRAY TELEVISION INC                                | CUSIP: 389375AL0<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    257000 | PA      | $182624.70    | 0.02%             | 2030-10-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS, INC.                             | CLEAR CHANNEL OUTDOOR HOLDINGS INC                 | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    356000 | PA      | $373324.03    | 0.04%             | 2030-04-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| ATRIUM HOTEL PORTFOLIO TRUST                                     | ATRIUM HOTEL PORTFOLIO TRUST 2025 ATRM             | CUSIP: 049917AL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $749752.16    | 0.08%             | 2030-08-15      | Floating      | 9.53%                 | Yes           |                  2 | On Loan: No      |
| ZOOMINFO TECHNOLOGIES LLC                                        | ZOOMINFO TECHNOLOGIES LLC ZOOMINFO FINANCE CORP    | CUSIP: 98981BAA0<br>LEI: 254900NOX7TLOJ3WS309 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1886090.76   | 0.19%             | 2029-02-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| OVINTIV INC.                                                     | OVINTIV INC                                        | CUSIP: 69047JZG6<br>LEI: 2549003MEX7YMKLGI239 | Long             | STIV             | CORP              | US        |   9700000 | PA      | $9643464.52   | 0.98%             |  |  |  | Yes           |                  2 | On Loan: No      |
| RAND PARENT, LLC                                                 | RAND PARENT LLC                                    | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $511043.64    | 0.05%             | 2030-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: —       |
| MURPHY OIL USA, INC.                                             | MURPHY OIL USA INC                                 | CUSIP: 626738AF5<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |   2323000 | PA      | $2161438.29   | 0.22%             | 2031-02-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                                              | RESIDEO FUNDING INC                                | CUSIP: 76119LAD3<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |   2418000 | PA      | $2473776.38   | 0.25%             | 2032-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS, INC.                             | CLEAR CHANNEL OUTDOOR HOLDINGS INC                 | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    858000 | PA      | $841912.50    | 0.09%             | 2029-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| FAIR ISAAC CORPORATION                                           | FAIR ISAAC CORP                                    | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    993000 | PA      | $1013910.80   | 0.10%             | 2033-05-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ZF NORTH AMERICA CAPITAL, INC.                                   | ZF NORTH AMERICA CAPITAL INC                       | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1823122.17   | 0.19%             | 2032-04-23      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| WASTE PRO USA, INC.                                              | WASTE PRO USA INC                                  | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |   2212000 | PA      | $2303545.22   | 0.23%             | 2033-02-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                                        | SUNOCO LP                                          | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   2261000 | PA      | $2383222.99   | 0.24%             | 2032-05-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| GETTY IMAGES, INC.                                               | GETTY IMAGES INC                                   | CUSIP: 374276AR4<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |   1890000 | PA      | $1905684.40   | 0.19%             | 2030-11-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| ACRISURE, LLC                                                    | ACRISURE LLC ACRISURE FINANCE INC                  | CUSIP: 00489LAL7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |   1205000 | PA      | $1247537.40   | 0.13%             | 2030-11-06      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| METLIFE, INC.                                                    | METLIFE INC                                        | CUSIP: 59156RAV0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1338433.47   | 0.14%             | 2069-08-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| VAIL RESORTS, INC.                                               | VAIL RESORTS INC                                   | CUSIP: 91879QAP4<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |   2565000 | PA      | $2661722.80   | 0.27%             | 2032-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| AUTONATION, INC.                                                 | AUTONATION INC                                     | CUSIP: 05330LY56<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   3500000 | PA      | $3497807.60   | 0.36%             |  |  |  | Yes           |                  2 | On Loan: No      |
| MASTERBRAND, INC.                                                | MASTERBRAND INC                                    | CUSIP: 57638PAA2<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3636663.19   | 0.37%             | 2032-07-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE, LLC                               | ALLIANT HOLDINGS INTERMEDIAT                       | CUSIP: 01883LAE3<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1017778.65   | 0.10%             | 2028-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| LEVEL 3 FINANCING, INC.                                          | LEVEL 3 FINANCING INC                              | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   1777000 | PA      | $1826294.32   | 0.19%             | 2034-03-31      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| UKG INC.                                                         | UKG INC                                            | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |   2571000 | PA      | $2646017.21   | 0.27%             | 2031-02-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS II, LLC                                 | LCM INVESTMENTS HOLDINGS II LLC                    | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1052008.16   | 0.11%             | 2031-08-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Perrigo Finance Unlimited Company                                | PERRIGO FINANCE UNLIMITED CO                       | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |   3900000 | PA      | $3940852.55   | 0.40%             | 2032-09-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Versant Media Group, Inc.                                        | VERSANT MEDIA GROUP INC                            | CUSIP: 925283AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    991000 | PA      | $1010153.21   | 0.10%             | 2031-01-30      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| PRAIRIE ACQUIROR LP                                              | PRAIRIE ACQUIROR LP                                | CUSIP: 73943NAA4<br>LEI: 254900Q6KU2LVSIISH22 | Long             | DBT              | CORP              | US        |    500000 | PA      | $514742.91    | 0.05%             | 2029-08-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| MSILF Government Portfolio                                       | MSILF GOVERNMENT-INST                              | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   3104697 | NS      | $3104697.36   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNOCO LP                                                        | SUNOCO LP                                          | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1341000 | PA      | $1340803.03   | 0.14%             | 2034-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| ALLY BANK AUTO CREDIT LINKED NOTES SERIES 2025 B                 | ALLY BANK AUTO CREDIT LINKED NOTES SERIES 2025 B   | CUSIP: 02007G6S7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1034000 | PA      | $1034041.36   | 0.11%             | 2033-09-15      | Fixed         | 6.16%                 | Yes           |                  2 | On Loan: No      |
| BRIGHTSTAR LOTTERY PLC                                           | INTERNATIONAL GAME TECH                            | CUSIP: 460599AD5<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   2594000 | PA      | $2619182.61   | 0.27%             | 2027-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMEDIATE LLC                                 | AMERITEX HOLDCO INTERMEDIATE LLC                   | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2309000 | PA      | $2414958.08   | 0.25%             | 2033-08-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| LITHIA MOTORS, INC.                                              | LITHIA MOTORS INC                                  | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1859315.18   | 0.19%             | 2031-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| TKC HOLDINGS, INC.                                               | TKC HOLDINGS INC                                   | CUSIP: 87256FAJ3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1944324 | PA      | $1944926.81   | 0.20%             | 2028-05-15      | Floating      | 8.98%                 | No            |                  2 | On Loan: No      |
| SOTHEBY'S                                                        | SOTHEBY S                                          | CUSIP: 835898AH0<br>LEI: 549300P5BAAMQQ7VL735 | Long             | DBT              | CORP              | US        |   3818000 | PA      | $3818000.00   | 0.39%             | 2027-10-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| MONEYGRAM INTERNATIONAL, INC.                                    | MONEYGRAM INTERNATIONAL INC                        | CUSIP: 60935QAT3<br>LEI: 5299002DLX0Q04KC4156 | Long             | LON              | CORP              | US        |    980075 | PA      | $868434.66    | 0.09%             | 2030-06-03      | Floating      | 8.81%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING, LLC                                           | DIRECTV HOLDINGS LLC DIRECTV FINANCING CO INC      | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $59961.55     | 0.01%             | 2027-08-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| XPO, INC.                                                        | XPO INC                                            | CUSIP: 98379KAB8<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |    458000 | PA      | $478085.68    | 0.05%             | 2031-06-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| UNITED AIRLINES PASS THROUGH TRUST 2020-1                        | UNITED AIR 2020 1 B PTT                            | CUSIP: 90932VAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6416 | PA      | $6397.14      | 0.00%             | 2027-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CIMPRESS PUBLIC LIMITED COMPANY                                  | CIMPRESS PLC                                       | CUSIP: 17186HAH5<br>LEI: 549300X1IFD75XISOR81 | Long             | DBT              | CORP              | IE        |   1100000 | PA      | $1117974.62   | 0.11%             | 2032-09-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                 | ALTICE FRANCE SA                                   | CUSIP: 02090DAA6<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   2785000 | PA      | $2833737.50   | 0.29%             | 2029-11-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| ENDEAVOUR MINING PLC                                             | ENDEAVOUR MINING PLC                               | CUSIP: 29261HAB1<br>LEI: 529900NI5MXQ91GHXR07 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $515995.87    | 0.05%             | 2030-05-28      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| NISSAN MOTOR CO., LTD.                                           | NISSAN MOTOR CO LTD                                | CUSIP: 654922AC7<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |   1268000 | PA      | $1338914.17   | 0.14%             | 2032-07-17      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| TRINET GROUP, INC.                                               | TRINET GROUP INC                                   | CUSIP: 896288AC1<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2282258.22   | 0.23%             | 2031-08-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| GATES CORPORATION                                                | GATES CORP THE                                     | CUSIP: 367398AA2<br>LEI: 984500F43C791F4C7894 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1037814.32   | 0.11%             | 2029-07-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| AMC NETWORKS INC.                                                | AMC NETWORKS INC                                   | CUSIP: 00164VAF0<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |     35000 | PA      | $30074.92     | 0.00%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| EASTERN MAINE HEALTHCARE SYSTEMS                                 | EASTERN MAINE HEALTHCARE SYSTEMS                   | CUSIP: 276682AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2525975.58   | 0.26%             | 2036-07-01      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| CHOICE HOTELS INTERNATIONAL, INC.                                | CHOICE HOTELS INTERNATIONAL INC                    | CUSIP: 169905AH9<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |    463000 | PA      | $470650.68    | 0.05%             | 2034-08-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES, INC.                                       | ALBERTSONS COS INC                                 | CUSIP: 01309QAD0<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    895000 | PA      | $898943.53    | 0.09%             | 2034-03-31      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS, INC.                                         | SPIRIT AEROSYSTEMS INC                             | CUSIP: 85205TAR1<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |   6777000 | PA      | $7445708.09   | 0.76%             | 2030-11-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                              | COMM 2024 277P MORTGAGE TRUST                      | CUSIP: 12654FAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1594030.98   | 0.16%             | 2044-08-10      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| THE BALDWIN INSURANCE GROUP HOLDINGS, LLC                        | BALDWIN INSURANCE GROUP HOLDINGS LLC               | CUSIP: 05825XAA7<br>LEI: 5493004GCDREAQPPYG20 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1129440.99   | 0.11%             | 2031-05-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Enpro Inc.                                                       | ENPRO INC                                          | CUSIP: 29355XAH0<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | DBT              | CORP              | US        |    850000 | PA      | $871896.29    | 0.09%             | 2033-06-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| DISH DBS Corporation                                             | DISH DBS CORP                                      | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1475894.41   | 0.15%             | 2026-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| ARDONAGH FINCO LIMITED                                           | ARDONAGH FINCO LTD                                 | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |   3663000 | PA      | $3830557.49   | 0.39%             | 2031-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| FLUTTER TREASURY DESIGNATED ACTIVITY COMPANY                     | FLUTTER TREASURY DAC                               | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    236000 | PA      | $239248.40    | 0.02%             | 2031-06-04      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings, Inc.                                              | POST HOLDINGS INC                                  | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $969605.92    | 0.10%             | 2030-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| BWX TECHNOLOGIES, INC.                                           | BWX TECHNOLOGIES INC                               | CUSIP: 05605HAC4<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $975121.34    | 0.10%             | 2029-04-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| US FOODS, INC.                                                   | US FOODS INC                                       | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   2418000 | PA      | $2450307.78   | 0.25%             | 2033-04-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| OSAIC HOLDINGS, INC.                                             | OSAIC HOLDINGS INC                                 | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |   1327000 | PA      | $1370411.93   | 0.14%             | 2032-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NCL CORPORATION LTD.                                             | NCL CORP LTD                                       | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   5099000 | PA      | $5241130.82   | 0.53%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| GESTION D'ASSURANCES JONES DESLAURIERS INC                       | JONES DESLAURIERS INSURANCE MANAGEMENT INC         | CUSIP: 48020RAE5<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $99074.98     | 0.01%             | 2033-10-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| La Compagnie de Telephone Bell du Canada ou Bell Canada          | BELL CANADA                                        | CUSIP: 0778FPAP4<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |    432000 | PA      | $451677.82    | 0.05%             | 2055-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| COMPASS MINERALS INTERNATIONAL, INC.                             | COMPASS MINERALS INTERNATIONAL INC                 | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |    443000 | PA      | $461087.58    | 0.05%             | 2030-07-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| THE CHEMOURS COMPANY                                             | CHEMOURS CO THE                                    | CUSIP: 163851AH1<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $881799.49    | 0.09%             | 2029-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Consolidated Energy Finance S.A.                                 | CONSOLIDATED ENERGY FINANCE SA                     | CUSIP: 20914UAH9<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    834000 | PA      | $587687.22    | 0.06%             | 2031-02-15      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: —       |
| CVS HEALTH CORPORATION                                           | CVS HEALTH CORP                                    | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     90000 | PA      | $94586.61     | 0.01%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES HOLDINGS LP                                     | SCIENTIFIC GAMES HOLDINGS LP                       | CUSIP: 80874DAA4<br>LEI: 549300W5GPFXXB6TQ330 | Long             | DBT              | CORP              | US        |   1342000 | PA      | $1224976.61   | 0.12%             | 2030-03-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| ACRISURE, LLC                                                    | ACRISURE LLC ACRISURE FINANCE INC                  | CUSIP: 004961AA6<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102618.12    | 0.01%             | 2032-07-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| LAMAR MEDIA CORP.                                                | LAMAR MEDIA CORP                                   | CUSIP: 513075CA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    223000 | PA      | $220810.48    | 0.02%             | 2033-11-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| ACRISURE, LLC                                                    | ACRISURE LLC ACRISURE FINANCE INC                  | CUSIP: 00489LAK9<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |    750000 | PA      | $781656.63    | 0.08%             | 2029-02-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| MERCHANTS FLEET FUNDING LLC                                      | MERCHANTS FLEET FUNDING LLC                        | CUSIP: 588926AJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1673000 | PA      | $1718410.92   | 0.17%             | 2037-04-20      | Fixed         | 6.85%                 | Yes           |                  2 | On Loan: No      |
| VB-S1 ISSUER, LLC                                                | VB S1 ISSUER LLC VBTEL                             | CUSIP: 91823ABG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    875000 | PA      | $907586.66    | 0.09%             | 2054-05-15      | Fixed         | 8.87%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT, INC.                                      | CAESARS ENTERTAINMENT INC                          | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   2845000 | PA      | $2869046.79   | 0.29%             | 2032-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| GENESEE & WYOMING INC.                                           | GENESEE WYOMING INC                                | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |   2348000 | PA      | $2394397.19   | 0.24%             | 2032-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| SGH2 LLC                                                         | SGH2 LLC                                           | CUSIP: 78424SAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1322202 | PA      | $1321408.68   | 0.13%             | 2032-08-18      | Floating      | 8.51%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK AUTO CREDIT-LINKED NOTES                             | TRUIST BANK AUTO CREDIT LINKED NOTES SERIES 2025 1 | CUSIP: 897926CC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $896944.05    | 0.09%             | 2033-09-26      | Fixed         | 6.81%                 | Yes           |                  2 | On Loan: No      |
| WINDSTREAM SERVICES, LLC                                         | UNITI GROUP LP UNITI GROUP FINANCE 2019 INC        | CUSIP: 91327TAC5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |    883000 | PA      | $826279.97    | 0.08%             | 2032-06-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: —       |
| SERVICE PROPERTIES TRUST                                         | SERVICE PROPERTIES TRUST                           | CUSIP: 44106MAY8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   2107000 | PA      | $1772178.15   | 0.18%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| ROCKET SOFTWARE, INC.                                            | ROCKET SOFTWARE INC                                | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    780000 | PA      | $803680.66    | 0.08%             | 2028-11-28      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| VIKING OCEAN CRUISES SHIP VII LTD                                | VIKING OCEAN CRUISES SHIP VII LTD                  | CUSIP: 92682RAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    100000 | PA      | $100006.42    | 0.01%             | 2029-02-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| THE CHEMOURS COMPANY                                             | CHEMOURS CO THE                                    | CUSIP: 163851AF5<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $960532.38    | 0.10%             | 2028-11-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| EZCORP, INC.                                                     | EZCORP INC                                         | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |   1023000 | PA      | $1081770.18   | 0.11%             | 2032-04-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| ROCKET SOFTWARE, INC.                                            | ROCKET SOFTWARE INC                                | CUSIP: 77314EAA6<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    500000 | PA      | $486863.83    | 0.05%             | 2029-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| WEEKLEY HOMES, LLC                                               | WEEKLEY HOMES LLC FIN                              | CUSIP: 948565AD8<br>LEI: 5493009MTTQO8ZN53F13 | Long             | DBT              | CORP              | US        |   2085000 | PA      | $2036781.81   | 0.21%             | 2028-09-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| WINDSTREAM SERVICES, LLC                                         | UNITI GROUP CSL CAPITAL LLC                        | CUSIP: 91327BAA8<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |    500000 | PA      | $467698.48    | 0.05%             | 2029-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| LEHMAN BROTHERS HOLDINGS INC                                     | LEHMAN BROTHERS HOLDINGS                           | CUSIP: 52517PG96<br>LEI: 549300FDK6ZP3YIHRJ47 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $500.00       | 0.00%             | 2011-04-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA L.L.C.                                          | ASHTON WOODS USA LLC ASHTON WOODS FINANCE CO       | CUSIP: 045086AR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2272000 | PA      | $2277672.12   | 0.23%             | 2033-08-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| WATCO COMPANIES, L.L.C.                                          | WATCO COS LLC WATCO FINANCE CORP                   | CUSIP: 941130AD8<br>LEI: 549300UK74AMHGBXZG45 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1035861.65   | 0.11%             | 2032-08-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| COTY INC.                                                        | COTY INC HFC PRESTIGE PRODUCTS INC                 | CUSIP: 22207AAA0<br>LEI: 549300BO9IWPF3S48F93 | Long             | DBT              | CORP              | US        |   1257000 | PA      | $1290293.97   | 0.13%             | 2030-07-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC.                                                  | BOMBARDIER INC                                     | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   1788000 | PA      | $1876745.90   | 0.19%             | 2033-06-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Gray Media, Inc                                                  | GRAY MEDIA INC                                     | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    221000 | PA      | $222091.56    | 0.02%             | 2032-07-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| DISH NETWORK CORPORATION                                         | DISH NETWORK CORP                                  | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |  12249000 | PA      | $12889073.92  | 1.31%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| DEXT ABS LLC                                                     | DEXT ABS 2023 2 LLC                                | CUSIP: 25216CAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    667000 | PA      | $708212.73    | 0.07%             | 2034-05-15      | Fixed         | 8.30%                 | Yes           |                  2 | On Loan: No      |
| STUBHUB HOLDCO SUB, LLC                                          | STUBHUB HOLDCO SUB LLC                             | CUSIP: 74530DAH8<br>LEI: 549300NL9JUFIOARLW93 | Long             | LON              | CORP              | US        |    591097 | PA      | $590357.84    | 0.06%             | 2030-03-12      | Floating      | 8.71%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER, LP                                             | MOZART DEBT MERGER SUB INC                         | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   4842000 | PA      | $4703930.26   | 0.48%             | 2029-04-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| M/I HOMES, INC.                                                  | M I HOMES INC                                      | CUSIP: 55305BAS0<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2990060.71   | 0.30%             | 2028-02-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC.                                                  | BOMBARDIER INC                                     | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   4890000 | PA      | $5191845.86   | 0.53%             | 2031-07-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CUMULUS MEDIA NEW HOLDINGS INC.                                  | CUMULUS MEDIA NEW HOLDINGS INC                     | CUSIP: 23110AAB2<br>LEI: 5493001D9VBAVY1OKJ46 | Long             | DBT              | CORP              | US        |   7151000 | PA      | $2007525.91   | 0.20%             | 2029-07-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING, LLC                                 | PERMIAN RESOURCES OPERATING LLC                    | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |   3646000 | PA      | $3712574.28   | 0.38%             | 2033-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES, LP                                         | RHP HOTEL PROPERTIES LP RHP FINANCE CORP           | CUSIP: 749571AG0<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |   1738000 | PA      | $1709449.89   | 0.17%             | 2029-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| GENON                                                            | GENON                                              | CUSIP: 939CER907<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16168 | NS      | $565880.00    | 0.06%             |  |  |  | No            |                  3 | On Loan: No      |
| BAHA TRUST                                                       | BAHA TRUST 2024 MAR                                | CUSIP: 05493XAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    892774 | PA      | $930691.13    | 0.09%             | 2041-12-10      | Variable      | 7.77%                 | Yes           |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS, INC.                                         | SPIRIT AEROSYSTEMS INC                             | CUSIP: 85205TAN0<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4202735.04   | 0.43%             | 2029-11-30      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| PARADIGM PARENT, LLC                                             | PARADIGM PARENT LLC AND PARADIGM PARENT CO ISSUER  | CUSIP: 69902PAA6<br>LEI: 254900EDT9YE5UFH3458 | Long             | DBT              | CORP              | US        |    886000 | PA      | $835072.60    | 0.08%             | 2032-04-17      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| LAMAR MEDIA CORP.                                                | LAMAR MEDIA CORP                                   | CUSIP: 513075BZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    947000 | PA      | $885657.34    | 0.09%             | 2031-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| TRUCORDIA INSURANCE HOLDINGS, LLC                                | PCF INSURANCE SERVICES OF THE WEST LLC             | CUSIP: 89783WAB1<br>LEI: 254900KYYP47CV7DMK95 | Long             | LON              | CORP              | US        |    883063 | PA      | $885270.66    | 0.09%             | 2032-06-14      | Floating      | 7.21%                 | No            |                  2 | On Loan: No      |
| ALLIANCE LAUNDRY SYSTEMS LLC                                     | ALLIANCE LAUNDRY SYSTEMS LLC                       | CUSIP: 01862LBA5<br>LEI: 549300YBOGK6MBI5ND34 | Long             | LON              | CORP              | US        |   2045783 | PA      | $2047808.46   | 0.21%             | 2031-08-11      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE LUX 3 ALTICE HOLDINGS 1                            | ALTICE FRANCE LUX 3 ALTICE HOLDINGS 1              | CUSIP: 020956AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   2200000 | PA      | $2068825.47   | 0.21%             | 2033-01-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION HOLDINGS, INC.                            | CLYDESDALE ACQUISITION HOLDINGS INC                | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    375000 | PA      | $376246.33    | 0.04%             | 2032-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS, LLC                                                | CSC HOLDINGS LLC                                   | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2365224.66   | 0.24%             | 2029-01-31      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| WINDSTREAM SERVICES, LLC                                         | WINDSTREAM SERVICES LLC                            | CUSIP: 97382BAB5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |   1785000 | PA      | $1781769.15   | 0.18%             | 2033-10-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| GLP Capital, L.P.                                                | GLP CAPITAL LP GLP FINANCING II INC                | CUSIP: 361841AT6<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |    845000 | PA      | $853991.88    | 0.09%             | 2034-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORPORATION                              | SIX FLAGS ENTERTAINMENT CORP                       | CUSIP: 83002YAA7<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |   1467000 | PA      | $1487891.06   | 0.15%             | 2032-05-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| CCO HOLDINGS, LLC                                                | CCO HLDGS LLC CAP CORP                             | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $474615.78    | 0.05%             | 2030-03-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| NOVELIS CORPORATION                                              | NOVELIS INC                                        | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    295000 | PA      | $306210.13    | 0.03%             | 2030-01-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CENTRAL PARENT LLC                                               | CENTRAL PARENT INC CENTRAL MERGER SUB INC          | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2069225.21   | 0.21%             | 2029-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| LEVEL 3 FINANCING, INC.                                          | LEVEL 3 FINANCING INC                              | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   2649000 | PA      | $2352414.90   | 0.24%             | 2029-07-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: —       |
| ENERGY TRANSFER LP                                               | ENERGY TRANSFER LP                                 | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    250000 | PA      | $258094.36    | 0.03%             | 2199-12-31      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| FRONTIER ISSUER LLC                                              | FRONTIER ISSUER LLC                                | CUSIP: 35910EAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18413842 | PA      | $19111898.64  | 1.94%             | 2053-08-20      | Fixed         | 11.50%                | Yes           |                  2 | On Loan: No      |
| BXP TRUST                                                        | BXP TRUST 2017 GM                                  | CUSIP: 05607TAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1613490.08   | 0.16%             | 2044-01-15      | Variable      | 2.87%                 | Yes           |                  2 | On Loan: No      |
| ALTERRA MOUNTAIN COMPANY                                         | ALTERRA MOUNTAIN CO                                | CUSIP: 46124CAS6<br>LEI: 549300C5O4FSVNUEI843 | Long             | LON              | CORP              | US        |    488831 | PA      | $489750.06    | 0.05%             | 2030-05-31      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                        | SUNOCO LP                                          | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1582911.37   | 0.16%             | 2033-07-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| NUMERICABLE US LLC                                               | NUMERICABLE US LLC                                 | CUSIP: BL5258944<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2685000 | PA      | $2677320.90   | 0.27%             | 2031-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ACRISURE, LLC                                                    | ACRISURE LLC                                       | CUSIP: 00488PAV7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |    990019 | PA      | $988286.22    | 0.10%             | 2030-11-06      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING BRANDS, INC.                                | CORNERSTONE BUILDING BRANDS INC                    | CUSIP: 21925DAB5<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |   6272000 | PA      | $5789439.28   | 0.59%             | 2029-08-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| BCPE FLAVOR DEBT MERGER SUB, LLC                                 | BCPE FLAVOR DEBT MERGER SUB LLC                    | CUSIP: 072933AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    872000 | PA      | $879702.86    | 0.09%             | 2032-07-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD.                                      | FIRST QUANTUM MINERALS LTD                         | CUSIP: 335934AX3<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    833000 | PA      | $865138.15    | 0.09%             | 2034-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| WINDSTREAM SERVICES, LLC                                         | WINDSTREAM SERVICES LLC                            | CUSIP: 97381JAJ2<br>LEI: 549300KT9GVEBYCD2N29 | Long             | LON              | CORP              | US        |   1000000 | PA      | $992500.00    | 0.10%             | 2031-09-26      | Floating      | 8.71%                 | No            |                  2 | On Loan: No      |
| THE E.W. SCRIPPS COMPANY                                         | SCRIPPS ESCROW II INC                              | CUSIP: 81105DAA3<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |    631000 | PA      | $570333.14    | 0.06%             | 2029-01-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: —       |
| CP ATLAS BUYER, INC.                                             | CP ATLAS BUYER INC                                 | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |   2659000 | PA      | $2775527.14   | 0.28%             | 2030-07-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Performance Food Group, Inc.                                     | PERFORMANCE FOOD GROUP INC                         | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3513104.99   | 0.36%             | 2029-08-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS, INC.                               | CHS COMMUNITY HEALTH SYS                           | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1339260.00   | 0.14%             | 2031-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROUP, INC.                                  | SINCLAIR TELEVISION GROUP INC                      | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   2181000 | PA      | $2225209.46   | 0.23%             | 2033-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| C&S WHOLESALE GROCERS, LLC                                       | C S WHOLESALE GROCERS INC                          | CUSIP: 12676AAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3250000 | PA      | $3193125.00   | 0.32%             | 2030-08-06      | Floating      | 9.00%                 | No            |                  2 | On Loan: No      |
| DISH DBS Corporation                                             | DISH DBS CORP                                      | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2105000 | PA      | $2083358.44   | 0.21%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ONE MANHATTAN WEST                                               | MANHATTAN WEST 2020 1MW                            | CUSIP: 563136AJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1155404 | PA      | $1088254.47   | 0.11%             | 2040-09-10      | Variable      | 2.41%                 | Yes           |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                                                | ILIAD HOLDING SASU                                 | CUSIP: 449691AF1<br>LEI: 9695009BGMXB527HV965 | Long             | DBT              | CORP              | FR        |   2000000 | PA      | $2149347.64   | 0.22%             | 2031-04-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corporation                                             | CARNIVAL CORP                                      | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    676000 | PA      | $686140.00    | 0.07%             | 2029-05-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ENTERGY CORPORATION                                              | ENTERGY CORP                                       | CUSIP: 29364GAQ6<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3678255.39   | 0.37%             | 2054-12-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Gray Media, Inc                                                  | GRAY TELEVISION INC                                | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1550917.06   | 0.16%             | 2029-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| BRUNDAGE-BONE CONCRETE PUMPING HOLDINGS, INC.                    | BRUNDAGE BONE CONCRETE PUMPING HOLDINGS INC        | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2188000 | PA      | $2208782.59   | 0.22%             | 2032-02-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG, LLC                              | VENTURE GLOBAL PLAQUEMINES LNG LLC                 | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2426032.76   | 0.25%             | 2035-05-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRISES LLC                                      | SAKS GLOBAL ENTERPRISES LLC                        | CUSIP: 79380MAC9<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |   1558700 | PA      | $353604.44    | 0.04%             | 2029-12-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| TELECOM ITALIA CAPITAL S.A.                                      | TELECOM ITALIA CAPITAL SA                          | CUSIP: 87927VAR9<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |    753000 | PA      | $821441.82    | 0.08%             | 2036-07-18      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS INC.                                       | ROGERS COMMUNICATIONS INC                          | CUSIP: 775109DG3<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    873000 | PA      | $914015.88    | 0.09%             | 2055-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                    | FORD MOTOR CREDIT CO LLC                           | CUSIP: 345397B36<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2346389.49   | 0.24%             | 2030-11-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA L.L.C.                                          | ASHTON WOODS USA LLC ASHTON WOODS FINANCE CO       | CUSIP: 045086AP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4211000 | PA      | $3965215.71   | 0.40%             | 2030-04-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                 | ALTICE FRANCE SA                                   | CUSIP: X12495332<br>LEI: N/A                  | Long             | EC               | CORP              | LU        |    123404 | NS      | $2042890.31   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTICAL BRIDGE CC LLC                                           | VB S1 ISSUER LLC VBTEL                             | CUSIP: 91823ABA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2917911.60   | 0.30%             | 2052-02-15      | Fixed         | 5.27%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                                        | SUNOCO LP                                          | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    894000 | PA      | $909132.92    | 0.09%             | 2199-12-31      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Smyrna Ready Mix Concrete, LLC                                   | SMYRNA READY MIX CONCRETE LLC                      | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |   3266000 | PA      | $3443606.84   | 0.35%             | 2031-11-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| BLUELINX HOLDINGS INC.                                           | BLUELINX HOLDINGS INC                              | CUSIP: 09624HAA7<br>LEI: 549300YSX7GU28F5I540 | Long             | DBT              | CORP              | US        |    550000 | PA      | $540171.05    | 0.05%             | 2029-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| DCLI BIDCO LLC                                                   | DCLI BIDCO LLC                                     | CUSIP: 233104AA6<br>LEI: 2549007UUVJTHHNK9T70 | Long             | DBT              | CORP              | US        |   1674000 | PA      | $1701600.71   | 0.17%             | 2029-11-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES, INC.                                          | AMERICAN AIRLINES INC                              | CUSIP: 023771T32<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $511509.54    | 0.05%             | 2028-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| SERVICE PROPERTIES TRUST                                         | SERVICE PROPERTIES TRUST                           | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1054301.52   | 0.11%             | 2031-11-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| CROWN CASTLE INC.                                                | CROWN CASTLE INC                                   | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |      6253 | NS      | $564145.66    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ALTICE LUXEMBOURG                                                | ALTICE LUXEMBOURG                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |      9159 | NS      | $138544.03    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BEAZER HOMES USA, INC.                                           | BEAZER HOMES USA INC                               | CUSIP: 07556QBT1<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1266664.32   | 0.13%             | 2029-10-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| STAR LEASING COMPANY, LLC                                        | STAR LEASING CO LLC                                | CUSIP: 854938AA5<br>LEI: 549300WXKNX4PT3HSN71 | Long             | DBT              | CORP              | US        |    867000 | PA      | $820339.61    | 0.08%             | 2030-02-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS, INC.                                        | ZAYO GROUP HOLDINGS INC                            | CUSIP: 98919VAC9<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |   3216540 | PA      | $3059064.16   | 0.31%             | 2030-03-09      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| GGAM Finance Limited                                             | GGAM FINANCE LTD                                   | CUSIP: 36170JAE6<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |   1100000 | PA      | $1117461.21   | 0.11%             | 2030-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CQP HOLDCO LP                                                    | CQP HOLDCO LP BIP V CHINOOK HOLDCO LLC             | CUSIP: 12657NAA8<br>LEI: 549300LPL012JY5D4B69 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2476270.06   | 0.25%             | 2031-06-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CENTRAL PARENT LLC                                               | CENTRAL PARENT INC                                 | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4710360 | PA      | $3866122.05   | 0.39%             | 2029-07-06      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS, LLC                                                | CCO HOLDINGS LLC CCO HOLDINGS CAPITAL CORP         | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6900000 | PA      | $5990380.71   | 0.61%             | 2033-06-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| THE E.W. SCRIPPS COMPANY                                         | EW SCRIPPS CO THE                                  | CUSIP: 811054AH8<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |    864000 | PA      | $819723.38    | 0.08%             | 2030-08-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| AAR ESCROW ISSUER, LLC                                           | AAR ESCROW ISSUER LLC                              | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2064983.97   | 0.21%             | 2029-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| DIRECTV FINANCING, LLC                                           | DIRECTV FINANCING LLC                              | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    699957 | PA      | $700614.74    | 0.07%             | 2029-08-02      | Floating      | 9.09%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC.                                                   | TRANSDIGM INC                                      | CUSIP: 893647BQ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1483861.02   | 0.15%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HCA INC.                                                         | HCA INC                                            | CUSIP: 40412BY49<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | STIV             | CORP              | US        |   5000000 | PA      | $4997612.50   | 0.51%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GLOBAL AUTO HOLDINGS PLC                                         | GLOBAL AUTO HOLDINGS LTD AAG FH UK LTD             | CUSIP: 00033YAA4<br>LEI: 984500ADEF1BB0584352 | Long             | DBT              | CORP              | GB        |   2290000 | PA      | $2365822.33   | 0.24%             | 2029-08-15      | Fixed         | 11.50%                | Yes           |                  2 | On Loan: No      |
| COREWEAVE, INC.                                                  | COREWEAVE INC                                      | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    441000 | PA      | $444661.86    | 0.05%             | 2030-06-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| AIR LEASE CORPORATION                                            | AIR LEASE CORP                                     | CUSIP: 00913WYL3<br>LEI: 5493004NW4M4P8TMMK63 | Long             | STIV             | CORP              | US        |   8500000 | PA      | $8479369.65   | 0.86%             |  |  |  | Yes           |                  2 | On Loan: No      |
| MATCH GROUP HOLDINGS II, LLC                                     | MATCH GROUP INC                                    | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1971447.71   | 0.20%             | 2028-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| NCR ATLEOS CORPORATION                                           | NCR ATLEOS ESCROW CORP                             | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |    500000 | PA      | $539824.85    | 0.05%             | 2029-04-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| QNITY ELECTRONICS, INC.                                          | QNITY ELECTRONICS INC                              | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1027445.37   | 0.10%             | 2033-08-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Regal Rexnord Corporation                                        | REGAL REXNORD CORP                                 | CUSIP: 758750AP8<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    521000 | PA      | $557970.16    | 0.06%             | 2033-04-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| CD&R SMOKEY BUYER, INC.                                          | CD R SMOKEY BUYER INC RADIO SYSTEMS CORP           | CUSIP: 12515KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1054218.28   | 0.11%             | 2029-10-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: —       |
| ELLUCIAN HOLDINGS INC.                                           | ELLUCIAN HOLDINGS INC                              | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |   1581000 | PA      | $1601617.92   | 0.16%             | 2029-12-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| JANE STREET GROUP, LLC                                           | JANE STREET GROUP JSG FINANCE INC                  | CUSIP: 47077WAE8<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |   4456000 | PA      | $4646082.20   | 0.47%             | 2033-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| WW International, Inc.                                           | WW INTERNATIONAL INC                               | CUSIP: 98262P200<br>LEI: SGT8R1MU6ESIC7UJC518 | Long             | EC               | CORP              | US        |      8436 | NS      | $293741.52    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| CHESAPEAKE FUNDING LLC                                           | CHESAPEAKE FUNDING II LLC                          | CUSIP: 165183CY8<br>LEI: 549300LG5AUFDML64706 | Long             | ABS-MBS          | CORP              | US        |    375000 | PA      | $377919.56    | 0.04%             | 2035-05-15      | Fixed         | 6.69%                 | Yes           |                  2 | On Loan: No      |
| SECURITIZED TERM AUTO RECEIVABLES TRUST                          | SECURITIZED TERM AUTO RECEIVABLES TRUST            | CUSIP: 81378RAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1581018 | PA      | $1610694.99   | 0.16%             | 2031-07-25      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SBNA AUTO RECEIVABLES TRUST                                      | SBNA AUTO RECEIVABLES TRUST 2025 SF1               | CUSIP: 78437XAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $995014.73    | 0.10%             | 2031-10-15      | Fixed         | 6.74%                 | Yes           |                  2 | On Loan: No      |
| PEDIATRIX MEDICAL GROUP, INC.                                    | MEDNAX INC                                         | CUSIP: 58502BAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3478821.49   | 0.35%             | 2030-02-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| ONESKY FLIGHT, LLC                                               | ONESKY FLIGHT LLC                                  | CUSIP: 68278CAA3<br>LEI: 549300PM6NEPXGG5B882 | Long             | DBT              | CORP              | US        |   2004000 | PA      | $2123608.26   | 0.22%             | 2029-12-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC.                                               | NEXSTAR ESCROW INC                                 | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1498827.06   | 0.15%             | 2027-07-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Bausch + Lomb Corporation                                        | BAUSCH LOMB CORP                                   | CUSIP: C0787FAJ1<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |    798000 | PA      | $802189.50    | 0.08%             | 2031-01-15      | Floating      | 8.21%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                                               | FORD MOTOR CO                                      | CUSIP: 345370CQ1<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1611460.00   | 0.16%             | 2043-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VERMILION ENERGY INC.                                            | VERMILION ENERGY INC                               | CUSIP: 923725AE5<br>LEI: 8945009D1HGCJC8M8A68 | Long             | DBT              | CORP              | CA        |    920000 | PA      | $848083.25    | 0.09%             | 2033-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| VOYAGER PARENT, LLC                                              | VOYAGER PARENT LLC                                 | CUSIP: 92921HAC9<br>LEI: 2549002DYVI4ACSV4V71 | Long             | LON              | CORP              | US        |   2000000 | PA      | $1997760.00   | 0.20%             | 2032-05-09      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| SCF EQUIPMENT LEASING LLC                                        | SCF EQUIPMENT LEASING 2022 2 LLC                   | CUSIP: 78397WAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    328499 | PA      | $329524.20    | 0.03%             | 2032-10-20      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Bausch + Lomb Corporation                                        | BAUSCH LOMB ESCROW CORP                            | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $627000.00    | 0.06%             | 2028-10-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| FIBERCOP S.P.A.                                                  | OPTICS BIDCO SPA                                   | CUSIP: 683879AF7<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |   2247000 | PA      | $2276572.11   | 0.23%             | 2036-07-18      | Fixed         | 7.20%                 | Yes           |                  2 | On Loan: No      |
| ALTA EQUIPMENT GROUP INC.                                        | ALTA EQUIPMENT GROUP INC                           | CUSIP: 02128LAC0<br>LEI: 549300DGOB28CLGS1X27 | Long             | DBT              | CORP              | US        |    406000 | PA      | $368680.02    | 0.04%             | 2029-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| J. B. POINDEXTER & CO., INC.                                     | JB POINDEXTER CO INC                               | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |   2875000 | PA      | $3008571.40   | 0.31%             | 2031-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| UNITED RENTALS (NORTH AMERICA), INC.                             | UNITED RENTALS NORTH AM                            | CUSIP: 911365BN3<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1440209.67   | 0.15%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IHO Verwaltungs GmbH                                             | IHO VERWALTUNGS GMBH                               | CUSIP: 44963BAG3<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |   1012717 | PA      | $1055873.46   | 0.11%             | 2032-11-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| PETSMART LLC                                                     | PETSMART INC PETSMART FINANCE CORP                 | CUSIP: 71677KAC2<br>LEI: 894500NGJMHSFNESGA67 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $3249103.23   | 0.33%             | 2032-09-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| CONAGRA BRANDS, INC.                                             | CONAGRA BRANDS INC                                 | CUSIP: 20600GYD2<br>LEI: 54930035UDEIH090K650 | Long             | STIV             | CORP              | US        |   9700000 | PA      | $9685135.72   | 0.98%             |  |  |  | Yes           |                  2 | On Loan: No      |
| TAYLOR MORRISON COMMUNITIES, INC.                                | TAYLOR MORRISON COMMUNITIES INC                    | CUSIP: 87724RAJ1<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |   1311000 | PA      | $1308011.81   | 0.13%             | 2030-08-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS, LLC                                      | AXALTA COATING SYSTEMS LLC                         | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |    500000 | PA      | $475569.23    | 0.05%             | 2029-02-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOGY PTE. LTD.                        | SEAGATE DATA STORAGE TECHNOLOGY PTE LTD            | CUSIP: 81180LAQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   2100000 | PA      | $2235162.30   | 0.23%             | 2031-07-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| WINDSTREAM SERVICES, LLC                                         | WINDSTREAM ESCROW LLC                              | CUSIP: 97381AAA0<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1021443.26   | 0.10%             | 2031-10-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| ARCOSA, INC.                                                     | ARCOSA INC                                         | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1671268.98   | 0.17%             | 2032-08-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| BOYNE USA INC.                                                   | BOYNE USA INC                                      | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2615000 | PA      | $2561228.87   | 0.26%             | 2029-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| HERC HOLDINGS INC.                                               | HERC HOLDINGS INC                                  | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   4371000 | PA      | $4609594.78   | 0.47%             | 2033-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| VALLOUREC SA                                                     | VALLOUREC SACA                                     | CUSIP: 92023RAA8<br>LEI: 969500P2Q1B47H4MCJ34 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $265742.74    | 0.03%             | 2032-04-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL AUTO HOLDINGS PLC                                         | GLOBAL AUTO HOLDINGS LTD AAG FH UK LTD             | CUSIP: 00033GAB1<br>LEI: 984500ADEF1BB0584352 | Long             | DBT              | CORP              | GB        |   2732000 | PA      | $2586569.74   | 0.26%             | 2032-01-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST, INC.                                    | STARWOOD PROPERTY TRUST INC                        | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    500000 | PA      | $526568.31    | 0.05%             | 2029-04-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| LC AHAB US BIDCO LLC                                             | LC AHAB US BIDCO LLC                               | CUSIP: 50180PAB7<br>LEI: 254900949U9K2Q5C5A85 | Long             | LON              | CORP              | US        |    495000 | PA      | $495618.75    | 0.05%             | 2031-04-14      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| WESTJET LOYALTY LP                                               | WESTJET LOYALTY LP                                 | CUSIP: C9763HAB3<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    985000 | PA      | $988083.05    | 0.10%             | 2031-02-14      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| 1261229 B.C. LTD.                                                | 1261229 BC LTD                                     | CUSIP: C6903HAB0<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    872812 | PA      | $865943.47    | 0.09%             | 2030-10-08      | Floating      | 10.21%                | No            |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES, INC.                                       | ALBERTSONS COS INC                                 | CUSIP: 01309QAB4<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   6823000 | PA      | $7019298.67   | 0.71%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Kioxia Holdings Corporation                                      | KIOXIA HOLDINGS CORP                               | CUSIP: 49726JAB4<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |   7319000 | PA      | $7643329.24   | 0.78%             | 2033-07-24      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC.                                 | STANDARD INDUSTRIES INC NJ                         | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2894285.63   | 0.29%             | 2030-07-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS, INC.                                       | IHEARTCOMMUNICATIONS INC                           | CUSIP: 45174HBJ5<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1659721.79   | 0.17%             | 2029-05-01      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| VISTAJET MALTA FINANCE P.L.C.                                    | VISTAJET MALTA XO MGMT                             | CUSIP: 92840JAB5<br>LEI: 5299001UK94VGT0CPQ36 | Long             | DBT              | CORP              | MT        |   1301000 | PA      | $1255327.53   | 0.13%             | 2030-02-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| AMYNTA AGENCY BORROWER INC.                                      | AMYNTA AGENCY BORROWER INC AND AMYNTA WARRANTY     | CUSIP: 03238AAA3<br>LEI: 5493000GP6HBRVTWBO85 | Long             | DBT              | CORP              | US        |    983000 | PA      | $1013213.86   | 0.10%             | 2033-07-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                                          | ZAYO GROUP HOLDINGS INC                            | CUSIP: 98919XAH4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2858411 | PA      | $2728896.81   | 0.28%             | 2030-03-11      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| LIGHT AND WONDER INTERNATIONAL, INC.                             | SCIENTIFIC GAMES INTERNA                           | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    500000 | PA      | $512534.56    | 0.05%             | 2029-11-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| Carnival Corporation                                             | CARNIVAL CORP                                      | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    188000 | PA      | $193867.46    | 0.02%             | 2033-02-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| MATTAMY GROUP CORPORATION                                        | MATTAMY GROUP CORP                                 | CUSIP: 57701RAM4<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |   2300000 | PA      | $2232368.04   | 0.23%             | 2030-03-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                                   | OPAL BIDCO SAS                                     | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |   2800000 | PA      | $2884451.39   | 0.29%             | 2032-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Mativ Holdings, Inc.                                             | MATIV HOLDINGS INC                                 | CUSIP: 808541AC0<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |    850000 | PA      | $822557.64    | 0.08%             | 2029-10-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: —       |
| UNIVISION COMMUNICATIONS INC.                                    | UNIVISION COMMUNICATIONS INC                       | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   1765000 | PA      | $1862849.02   | 0.19%             | 2032-08-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| TAYLOR MORRISON COMMUNITIES, INC.                                | TAYLOR MORRISON COMM                               | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1011954.60   | 0.10%             | 2028-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| KNIFE RIVER CORPORATION                                          | KNIFE RIVER HOLDING CO                             | CUSIP: 498894AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3475000 | PA      | $3638969.42   | 0.37%             | 2031-05-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT, LLC                                      | FERTITTA ENTERTAINMENT LLC                         | CUSIP: 31556TAC3<br>LEI: 984500A0805D8V551D35 | Long             | DBT              | CORP              | US        |   1627000 | PA      | $1508229.85   | 0.15%             | 2030-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: —       |
| IHO Verwaltungs GmbH                                             | IHO VERWALTUNGS GMBH                               | CUSIP: 44963BAD0<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |   1023600 | PA      | $1024149.12   | 0.10%             | 2029-05-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE 2 PLC                                        | HOWDEN UK REFINANCE PLC                            | CUSIP: 44287DAA1<br>LEI: 875500O63ODR8S3K5X33 | Long             | DBT              | CORP              | GB        |    750000 | PA      | $773875.19    | 0.08%             | 2032-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| LEVEL 3 FINANCING, INC.                                          | LEVEL 3 FINANCING INC                              | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    883063 | PA      | $905126.25    | 0.09%             | 2033-06-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| HUNT COMPANIES, INC.                                             | HUNT COS INC                                       | CUSIP: 445587AE8<br>LEI: 549300ODPWDNCH5TKM49 | Long             | DBT              | CORP              | US        |   2178000 | PA      | $2119201.45   | 0.22%             | 2029-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| CCO HOLDINGS, LLC                                                | CCO HLDGS LLC CAP CORP                             | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $467779.83    | 0.05%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC.                                 | STANDARD INDUSTRIES INC NJ                         | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4556556.65   | 0.46%             | 2031-01-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST, INC.                                    | STARWOOD PROPERTY TRUST INC                        | CUSIP: 85571BAY1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    500000 | PA      | $495805.96    | 0.05%             | 2027-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Performance Food Group, Inc.                                     | PERFORMANCE FOOD GROUP INC                         | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1129597.74   | 0.11%             | 2032-09-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC.                                          | MINERVA MERGER SUB INC                             | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |    500000 | PA      | $489779.78    | 0.05%             | 2030-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Lealand Finance Company B.V.                                     | LEALAND FINANCE CO BV                              | CUSIP: N5200EAC5<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |     38926 | PA      | $31140.81     | 0.00%             | 2024-06-30      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| GESTION D'ASSURANCES JONES DESLAURIERS INC                       | JONES DESLAURIERS INSURANCE MANAGEMENT INC         | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $525846.02    | 0.05%             | 2030-03-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC.                           | HILTON DOMESTIC OPERATING CO INC                   | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $1995145.98   | 0.20%             | 2031-05-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| 1261229 B.C. LTD.                                                | 1261229 BC LTD                                     | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2575000 | PA      | $2694252.54   | 0.27%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| EMRLD BORROWER LP                                                | EMRLD BORROWER LP EMERALD CO ISSUER INC            | CUSIP: 26873CAB8<br>LEI: 5493000GJYE7GAQCUC61 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1321834.94   | 0.13%             | 2031-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings, Inc.                                              | POST HOLDINGS INC                                  | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   5078000 | PA      | $5220654.60   | 0.53%             | 2032-02-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| GREAT CANADIAN GAMING CORPORATION                                | GREAT CANADIAN GAMING CORP                         | CUSIP: 389925AA6<br>LEI: 549300FU60SSFLTE0M84 | Long             | DBT              | CORP              | CA        |    837000 | PA      | $818261.75    | 0.08%             | 2029-11-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| NCL CORPORATION LTD.                                             | NCL CORP LTD                                       | CUSIP: 62886HBP5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1015911.87   | 0.10%             | 2030-03-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                         | 10 YEAR US TREASURY NOTE FUTURE DEC25              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        70 | NC      | $80214.19     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BAUSCH LOMB CORP                                                 | BAUSCH LOMB CORP                                   | CUSIP: C0787FAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1470000 | PA      | $1472763.60   | 0.15%             | 2028-09-29      | Floating      | 7.96%                 | No            |                  2 | On Loan: No      |
| S&S HOLDINGS, LLC                                                | S S HOLDINGS LLC                                   | CUSIP: 78525CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2924000 | PA      | $2794861.19   | 0.28%             | 2031-10-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Viking Cruises Ltd                                               | VIKING CRUISES LTD                                 | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    322000 | PA      | $344994.21    | 0.04%             | 2031-07-15      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| FORESTAR GROUP INC.                                              | FORESTAR GROUP INC                                 | CUSIP: 346232AG6<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |   2712000 | PA      | $2780852.19   | 0.28%             | 2033-03-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MOSS CREEK RESOURCES HOLDINGS, INC.                              | MOSS CREEK RESOURCES HOLDINGS INC                  | CUSIP: 61965RAC9<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |   2661000 | PA      | $2573841.53   | 0.26%             | 2031-09-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| JABIL INC.                                                       | JABIL INC                                          | CUSIP: 46652LY35<br>LEI: 5493000CGCQY2OQU7669 | Long             | STIV             | CORP              | US        |   9700000 | PA      | $9696240.28   | 0.99%             |  |  |  | Yes           |                  2 | On Loan: No      |
| LEVEL 3 FINANCING, INC.                                          | LEVEL 3 FINANCING INC                              | CUSIP: 527298CF8<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   2617000 | PA      | $2354026.62   | 0.24%             | 2030-10-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD.                                     | ROYAL CARIBBEAN CRUISES LTD                        | CUSIP: 780153BU5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     60000 | PA      | $61897.80     | 0.01%             | 2032-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ATRIUM HOTEL PORTFOLIO TRUST                                     | ATRIUM HOTEL PORTFOLIO TRUST 2025 ATRM             | CUSIP: 049917AG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $997619.48    | 0.10%             | 2030-08-15      | Floating      | 7.33%                 | Yes           |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRISES LLC                                      | SAKS GLOBAL ENTERPRISES LLC                        | CUSIP: 79380MAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    566800 | PA      | $244671.95    | 0.02%             | 2029-12-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: —       |
| United States of America                                         | 30 YEAR US TREASURY BOND FUTURE DEC25              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         6 | NC      | $23718.75     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTURE GLOBAL LNG, INC.                                         | VENTURE GLOBAL LNG INC                             | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2053168.30   | 0.21%             | 2031-06-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I PLC                                       | VMED O2 UK FINANCING I PLC                         | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   2212000 | PA      | $2048486.34   | 0.21%             | 2031-07-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Spirit Airlines Class A Pass Through Certificates, Series 2015-1 | SPIRIT AIRLINES PTT 2015 1A                        | CUSIP: 84858DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1472416 | PA      | $1395897.10   | 0.14%             | 2029-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES, INC.                                       | SENSATA TECHNOLOGIES INC                           | CUSIP: 81728UAC8<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1041459.99   | 0.11%             | 2032-07-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| CITGO PETROLEUM CORPORATION                                      | CITGO PETROLEUM CORP                               | CUSIP: 17302XAN6<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |   4562000 | PA      | $4747967.14   | 0.48%             | 2029-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                                    | VISTRA OPERATIONS CO LLC                           | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1050573.05   | 0.11%             | 2032-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| THE MICHAELS COMPANIES, INC.                                     | MAGIC MERGERCO INC                                 | CUSIP: 55916AAA2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |   1342000 | PA      | $1252891.90   | 0.13%             | 2028-05-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| HANESBRANDS INC.                                                 | HANESBRANDS INC                                    | CUSIP: 410345AQ5<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1583815.18   | 0.16%             | 2031-02-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: —       |
| SBA TOWER TRUST                                                  | SBA TOWER TRUST                                    | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1053000 | PA      | $1078258.10   | 0.11%             | 2052-11-15      | Fixed         | 6.60%                 | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER, LP                                             | MEDLINE BORROWER LP MEDLINE CO ISSUER INC          | CUSIP: 58506DAA6<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1131908.65   | 0.12%             | 2029-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| BEACON MOBILITY FINANCE CORP.                                    | BEACON MOBILITY CORP                               | CUSIP: 073644AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1107000 | PA      | $1152744.81   | 0.12%             | 2030-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ARDONAGH MIDCO 3 LIMITED                                         | ARDONAGH GROUP FINCO PTY LTD                       | CUSIP: Q0500HAB5<br>LEI: 549300C8F38DVT8CAO43 | Long             | LON              | CORP              | GB        |    495009 | PA      | $493153.08    | 0.05%             | 2031-03-07      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG, INC.                                         | VENTURE GLOBAL LNG INC                             | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    325000 | PA      | $347037.71    | 0.04%             | 2032-02-01      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| COGENT COMMUNICATIONS GROUP, LLC                                 | COGENT COMMS GRP FIN                               | CUSIP: 19240WAB5<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |   2149000 | PA      | $2054007.57   | 0.21%             | 2032-07-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: —       |
| CHURCHILL DOWNS INCORPORATED                                     | CHURCHILL DOWNS INC                                | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |   1355000 | PA      | $1388282.93   | 0.14%             | 2031-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| PETCO HEALTH AND WELLNESS COMPANY, INC.                          | PETCO ANIMAL SUPPLIES INC                          | CUSIP: 71601HAB2<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |  12169265 | PA      | $11977355.75  | 1.22%             | 2028-02-25      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| SHR TRUST                                                        | SHR TRUST 2024 LXRY                                | CUSIP: 784234AG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1250619.01   | 0.13%             | 2041-10-15      | Floating      | 7.63%                 | Yes           |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER, LLC                                       | PANTHER ESCROW ISSUER LLC                          | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1653624.67   | 0.17%             | 2031-06-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| ECHOSTAR CORPORATION                                             | ECHOSTAR CORP                                      | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   7309134 | PA      | $8048164.88   | 0.82%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC.                                                | AMC NETWORKS INC                                   | CUSIP: 00164VAK9<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |   2984000 | PA      | $3140114.09   | 0.32%             | 2032-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP, INC.                                    | ASBURY AUTOMOTIVE GROUP INC                        | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1780130.29   | 0.18%             | 2032-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES, INC.                                          | AMERICAN AIRLINES INC                              | CUSIP: 023771T40<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1043156.12   | 0.11%             | 2029-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| PROLOGIS, INC.                                                   | PROLOGIS INC                                       | CUSIP: 74340W202<br>LEI: 529900DFH19P073LZ636 | Long             | EP               | CORP              | US        |      5310 | NS      | $285040.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| OSAIC HOLDINGS, INC.                                             | OSAIC HOLDINGS INC                                 | CUSIP: 68773JAG5<br>LEI: 549300XL60BDV6UW5C86 | Long             | LON              | CORP              | US        |    440734 | PA      | $441284.92    | 0.04%             | 2032-08-02      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC                                  | HERTZ VEHICLE FINANCING III LLC                    | CUSIP: 42806MCD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3081247.22   | 0.31%             | 2028-02-25      | Fixed         | 9.43%                 | Yes           |                  2 | On Loan: No      |
| COTY INC.                                                        | COTY INC HFC PRESTIGE PRODUCTS INC                 | CUSIP: 22207AAC6<br>LEI: 549300BO9IWPF3S48F93 | Long             | DBT              | CORP              | US        |    442000 | PA      | $443885.51    | 0.05%             | 2031-01-15      | Fixed         | 5.60%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                    | FORD MOTOR CREDIT CO LLC                           | CUSIP: 345397E66<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    853000 | PA      | $862033.27    | 0.09%             | 2034-03-08      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC.                                          | RITCHIE BROS AUCTIONEERS INC                       | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2091430.23   | 0.21%             | 2031-03-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD.                                     | ROYAL CARIBBEAN CRUISES LTD                        | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    596000 | PA      | $606831.71    | 0.06%             | 2031-09-30      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORPORATION                                   | ZEBRA TECHNOLOGIES CORP                            | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1555546.47   | 0.16%             | 2032-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| VIRGIN MEDIA FINANCE PLC                                         | VIRGIN MEDIA FINANCE PLC                           | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |    970000 | PA      | $865493.09    | 0.09%             | 2030-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| AMYNTA AGENCY BORROWER INC                                       | AMYNTA AGENCY BORROWER INC                         | CUSIP: 57810JAM0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    975100 | PA      | $975860.45    | 0.10%             | 2031-12-29      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANCE CORPORATION                                    | CREDIT ACCEPTANCE CORP                             | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1767000 | PA      | $1764192.94   | 0.18%             | 2030-03-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| ZAYO ISSUER, LLC                                                 | ZAYO ISSUER LLC                                    | CUSIP: 98919WAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2583370.91   | 0.26%             | 2055-03-20      | Fixed         | 8.66%                 | Yes           |                  2 | On Loan: No      |
| POST ROAD EQUIPMENT FINANCE LLC                                  | POST ROAD EQUIPMENT FINANCE 2025 1 LLC             | CUSIP: 73747LAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    706000 | PA      | $715058.05    | 0.07%             | 2032-05-17      | Fixed         | 7.08%                 | Yes           |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                          | SASOL FINANCING USA LLC                            | CUSIP: 80386WAF2<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1524689.06   | 0.15%             | 2029-05-03      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| UNITI FIBER ABS ISSUER LLC                                       | UNITI FIBER ABS ISSUER LLC                         | CUSIP: 91326EAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2090379.23   | 0.21%             | 2055-04-20      | Fixed         | 9.02%                 | Yes           |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE LIMITED                                   | ARDONAGH GROUP FINANCE                             | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |   4000000 | PA      | $4171800.27   | 0.42%             | 2032-02-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| LOUISIANA-PACIFIC CORPORATION                                    | LOUISIANA PACIFIC CORP                             | CUSIP: 546347AM7<br>LEI: 549300C7E2UAO5BVRR75 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $961200.51    | 0.10%             | 2029-03-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| HILCORP ENERGY I, L.P.                                           | HILCORP ENERGY I LP HILCORP FINANCE CO             | CUSIP: 431318AU8<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |   1339000 | PA      | $1312383.97   | 0.13%             | 2029-02-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| AVIANCA MIDCO 2 PLC                                              | AVIANCA MIDCO 2 PLC                                | CUSIP: 05369YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   3353000 | PA      | $3324256.30   | 0.34%             | 2030-02-14      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| UNICREDIT, SOCIETA PER AZIONI                                    | UNICREDIT SPA                                      | CUSIP: 904678AF6<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |   5000000 | PA      | $5081410.75   | 0.52%             | 2032-06-19      | Fixed         | 5.86%                 | Yes           |                  2 | On Loan: No      |
| FRONTIER ISSUER LLC                                              | FRONTIER ISSUER LLC                                | CUSIP: 35910EAP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5551195 | PA      | $6102210.79   | 0.62%             | 2054-06-20      | Fixed         | 11.16%                | Yes           |                  2 | On Loan: No      |
| SOTHEBYS ARTFI MASTER TRUST                                      | SOTHEBY S ARTFI MASTER TRUST                       | CUSIP: 83589CAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2950000 | PA      | $2959363.30   | 0.30%             | 2031-12-22      | Fixed         | 7.91%                 | Yes           |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS, INC.                                      | QUEEN MERGERCO INC                                 | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |   2009000 | PA      | $2083882.09   | 0.21%             | 2032-04-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-01

**Name of Applicant:** Victory Portfolios III

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer