# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0000035402-26-000489
**Filing Date:** 2026-1
**Character Count:** 263814
**Document Hash:** 077d728a5ec3b37e82cdd54e0339330e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-000489.hdr.sgml**: 20260123

**ACCESSION NUMBER**: 0000035402-26-000489

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260123

**DATE AS OF CHANGE**: 20260123

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY COVINGTON TRUST
- **CENTRAL INDEX KEY:** 0000945908

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07319
- **FILM NUMBER:** 26555438

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

## Series and Classes Contracts Data

### Fidelity Sustainable High Yield ETF (Series ID: S000075296)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000234213 | Fidelity Sustainable High Yield ETF | FSYD            |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Sustainable High Yield ETF**

**November 30, 2025**

SHY-NPRT1-0126

1.9904451.103 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Bank Loan Obligations - 6.2%** | &nbsp;&nbsp;**Bank Loan Obligations - 6.2%** | &nbsp;&nbsp;**Bank Loan Obligations - 6.2%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| FINLAND - 0.1%  |  |  |
| Materials - 0.1% |  |  |
| Paper & Forest Products - 0.1% |  |  |
| Ahlstrom Holding 3 Oy Tranche B 1LN, term loan CME Term SOFR 1 month Index + 4.25%, 8.5131% 5/23/2030 (b)(c)(d) | 54863 | 54890 |
| FRANCE - 0.1%  |  |  |
| Communication Services - 0.1% |  |  |
| Diversified Telecommunication Services - 0.1% |  |  |
| Altice France SA Tranche B13 1LN, term loan CME Term SOFR 1 month Index + 5.375%, 9.3603% 5/14/2029 (b)(c)(d) | 7681 | 7633 |
| Altice France SA Tranche B14 1LN, term loan CME Term SOFR 1 month Index + 6.875%, 10.8603% 5/31/2031 (b)(c)(d) | 46088 | 46184 |
| TOTAL FRANCE |  | 53817 |
| LUXEMBOURG - 0.0%  |  |  |
| Communication Services - 0.0% |  |  |
| Media - 0.0% |  |  |
| Altice Financing SA Tranche B 1LN, term loan CME Term SOFR 3 month Index + 5%, 8.9045% 10/31/2027 (b)(c)(d) | 4987 | 3665 |
| NETHERLANDS - 0.1%  |  |  |
| Utilities - 0.1% |  |  |
| Independent Power and Renewable Electricity Producers - 0.1% |  |  |
| Enstall Group BV Tranche B 1LN, term loan CME Term SOFR 3 month Index + 5%, 9.2631% 8/30/2028 (b)(c)(d) | 169258 | 80398 |
| SWITZERLAND - 0.1%  |  |  |
| Materials - 0.1% |  |  |
| Chemicals - 0.1% |  |  |
| Consolidated Energy Finance SA Tranche B 1LN, term loan CME Term SOFR 3 month Index + 4.5%, 8.1975% 11/15/2030 (b)(c)(d) | 69848 | 55704 |
| UNITED STATES - 5.8%  |  |  |
| Communication Services - 0.5% |  |  |
| Diversified Telecommunication Services - 0.5% |  |  |
| Connect Holdings LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 5%, 9.7098% 10/3/2031 (b)(c)(d) | 10786 | 7049 |
| Connect Holdings LLC Tranche B-DD 1LN, term loan CME Term SOFR 1 month Index + 4.25%, 8.1699% 4/3/2031 (b)(c)(d) | 190000 | 167933 |
| Lumen Technologies Inc Tranche B1 1LN, term loan CME Term SOFR 1 month Index + 2.35%, 6.3802% 4/16/2029 (b)(c)(d) | 9949 | 9883 |
| Lumen Technologies Inc Tranche B2 1LN, term loan CME Term SOFR 1 month Index + 2.35%, 6.3802% 4/15/2030 (b)(c)(d) | 54683 | 54314 |
| Windstream Services LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 4%, 7.9157% 10/6/2032 (b)(c)(d) | 105000 | 104410 |
|  |  | 343589 |
| Consumer Discretionary - 2.0% |  |  |
| Automobile Components - 0.0% |  |  |
| American Axle & Manufacturing Inc Tranche C 1LN, term loan CME Term SOFR 1 month Index + 3.25%, 0% 2/24/2032 (b)(c)(d)(e) | 25000 | 25000 |
| Diversified Consumer Services - 0.5% |  |  |
| Spin Holdco Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 4%, 8.3928% 3/4/2028 (b)(c)(d) | 427077 | 347641 |
| Hotels, Restaurants & Leisure - 0.8% |  |  |
| Horizon US Finco LP Tranche B 1LN, term loan CME Term SOFR 3 month Index + 4.5%, 8.1975% 10/31/2031 (b)(c)(d) | 124789 | 119173 |
| MajorDrive Holdings IV LLC 1LN, term loan CME Term SOFR 3 month Index + 4%, 8.2631% 6/1/2028 (b)(c)(d) | 110000 | 98328 |
| Sizzling Platter LLC 1LN, term loan CME Term SOFR 1 month Index + 5%, 8.9157% 7/2/2032 (b)(c)(d) | 41828 | 39754 |
| Sizzling Platter LLC Tranche DD 1LN, term loan CME Term SOFR 1 month Index + 2.5%, 5% 7/2/2032 (b)(c)(d)(f) | 3172 | 3015 |
| United PF Holdings LLC 1LN, term loan CME Term SOFR 3 month Index + 4%, 8.102% 12/30/2026 (b)(c)(d) | 374643 | 359968 |
| United PF Holdings LLC Tranche B 1LN, term loan CME Term SOFR 3 month Index + 8.5%, 12.602% 12/30/2026 (b)(c)(d) | 9896 | 9549 |
|  |  | 629787 |
| Household Durables - 0.5% |  |  |
| TGP Holdings III LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3.25%, 7.2657% 6/29/2028 (b)(c)(d) | 148917 | 139123 |
| Weber-Stephen Products LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3.75%, 7.7353% 10/1/2032 (b)(c)(d) | 220000 | 219633 |
|  |  | 358756 |
| Specialty Retail - 0.2% |  |  |
| LBM Acquisition LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3.75%, 7.8098% 6/6/2031 (b)(c)(d) | 64648 | 60823 |
| LBM Acquisition LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 5%, 8.9598% 6/6/2031 (b)(c)(d) | 24974 | 24666 |
| Staples Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 5.75%, 9.6038% 9/4/2029 (b)(c)(d) | 99048 | 92826 |
|  |  | 178315 |
| TOTAL CONSUMER DISCRETIONARY |  | 1539499 |
| Consumer Staples - 0.0% |  |  |
| Consumer Staples Distribution & Retail - 0.0% |  |  |
| C&S Wholesale Grocers Inc Tranche B 1LN, term loan CME Term SOFR 1 month Index + 5%, 9.0033% 9/20/2030 (b)(c)(d) | 55000 | 54106 |
| Food Products - 0.0% |  |  |
| Del Monte Foods Corp II Inc 1LN, term loan CME Term SOFR 3 month Index + 8.15%, 0% (b)(c)(d)(g) | 1490 | 684 |
| Del Monte Foods Corp II Inc Tranche FLFO B 1LN, term loan CME Term SOFR 3 month Index + 8%, 0% (b)(c)(d)(g) | 430 | 197 |
| Del Monte Foods Corp II Inc Tranche TLA DIP, term loan CME Term SOFR 3 month Index + 9.5%, 13.559% 3/30/2026 (b)(c)(d) | 3686 | 3511 |
| Del Monte Foods Corp II Inc Tranche TLB DIP ROLLUP, term loan CME Term SOFR 3 month Index + 9.5%, 13.559% 3/30/2026 (b)(c)(d)(h) | 4850 | 3929 |
|  |  | 8321 |
| TOTAL CONSUMER STAPLES |  | 62427 |
| Energy - 0.3% |  |  |
| Oil, Gas & Consumable Fuels - 0.3% |  |  |
| New Fortress Energy Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 5.5%, 9.5699% 10/30/2028 (b)(c)(d) | 588125 | 262386 |
| Financials - 0.2% |  |  |
| Insurance - 0.2% |  |  |
| Asurion LLC Tranche B3 2LN, term loan CME Term SOFR 1 month Index + 5.25%, 9.2802% 1/31/2028 (b)(c)(d) | 120000 | 114676 |
| Health Care - 0.9% |  |  |
| Health Care Equipment & Supplies - 0.1% |  |  |
| QuidelOrtho Corp Tranche B 1LN, term loan CME Term SOFR 1 month Index + 4%, 8.0015% 8/23/2032 (b)(c)(d) | 45000 | 44761 |
| Health Care Providers & Services - 0.0% |  |  |
| Cano Health LLC Tranche INITIAL EXCHANGE TERM LOANS 1LN, term loan CME Term SOFR 3 month Index + 10%, 14.0015% 6/28/2029 (b)(c)(d)(h) | 6487 | 5059 |
| HAH Group Holding Co LLC 1LN, term loan CME Term SOFR 1 month Index + 5%, 8.9157% 9/24/2031 (b)(c)(d) | 29850 | 26500 |
| ModivCare Inc 1LN, term loan CME Term SOFR 1 month Index + 7%, 11.006% 2/22/2026 (b)(c)(d)(h) | 2272 | 2204 |
| ModivCare Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 6.75%, 10.7515% 7/1/2031 (b)(c)(d) | 20281 | 8315 |
|  |  | 42078 |
| Pharmaceuticals - 0.8% |  |  |
| 1261229 BC Ltd Tranche B 1LN, term loan CME Term SOFR 1 month Index + 6.25%, 10.1657% 10/8/2030 (b)(c)(d) | 583600 | 575722 |
| TOTAL HEALTH CARE |  | 662561 |
| Industrials - 0.2% |  |  |
| Air Freight & Logistics - 0.1% |  |  |
| Rand Parent LLC Tranche B 1LN, term loan CME Term SOFR 3 month Index + 3%, 7.0015% 3/18/2030 (b)(c)(d) | 54862 | 54885 |
| Building Products - 0.0% |  |  |
| Cornerstone Building Brands Inc 1LN, term loan CME Term SOFR 1 month Index + 5.625%, 9.584% 8/1/2028 (b)(c)(d) | 10972 | 8723 |
| Cornerstone Building Brands Inc Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3.25%, 7.309% 4/12/2028 (b)(c)(d) | 34909 | 27692 |
|  |  | 36415 |
| Commercial Services & Supplies - 0.1% |  |  |
| Brand Industrial Services Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 4.5%, 8.3538% 8/1/2030 (b)(c)(d) | 19787 | 17672 |
| Neptune Bidco US Inc Tranche A 1LN, term loan CME Term SOFR 3 month Index + 4.75%, 8.7615% 10/11/2028 (b)(c)(d) | 5000 | 4872 |
| Neptune Bidco US Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 5%, 9.0115% 4/11/2029 (b)(c)(d) | 44543 | 43415 |
|  |  | 65959 |
| TOTAL INDUSTRIALS |  | 157259 |
| Information Technology - 1.1% |  |  |
| IT Services - 0.7% |  |  |
| Constant Contact Inc 2LN, term loan CME Term SOFR 3 month Index + 7.5%, 11.6662% 2/12/2029 (b)(c)(d) | 11000 | 9705 |
| Constant Contact Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 4%, 8.1662% 2/10/2028 (b)(c)(d) | 109229 | 104353 |
| X Corp Tranche B1 1LN, term loan CME Term SOFR 3 month Index + 6.5%, 10.4475% 10/26/2029 (b)(c)(d) | 380000 | 369740 |
|  |  | 483798 |
| Software - 0.4% |  |  |
| Dawn Bidco LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3%, 0% 10/7/2032 (b)(c)(d)(e) | 55000 | 54831 |
| Polaris Newco LLC Tranche B 1LN, term loan CME Term SOFR 3 month Index + 4%, 8.102% 6/2/2028 (b)(c)(d) | 49612 | 46686 |
| Polaris Newco LLC Tranche PIK TERM 2LN, term loan CME Term SOFR 1 month Index + 9%, 12.9224% 6/4/2029 (b)(c)(d) | 50000 | 47000 |
| X.AI LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 7.25%, 11.1219% 6/28/2030 (b)(c)(d) | 175000 | 168970 |
|  |  | 317487 |
| TOTAL INFORMATION TECHNOLOGY |  | 801285 |
| Materials - 0.6% |  |  |
| Chemicals - 0.6% |  |  |
| American Rock Salt Co LLC 1LN, term loan 2% 6/12/2028 (b)(c)(f) | 622 | 615 |
| American Rock Salt Co LLC 1LN, term loan CME Term SOFR 3 month Index + 4%, 7.9369% 6/9/2028 (b)(c)(d) | 4910 | 3729 |
| American Rock Salt Co LLC 1LN, term loan CME Term SOFR 3 month Index + 7%, 11.3471% 6/12/2028 (b)(c)(d) | 2371 | 2346 |
| Herens US Holdco Corp Tranche B 1LN, term loan CME Term SOFR 3 month Index + 3.925%, 8.0265% 7/3/2028 (b)(c)(d) | 258827 | 229759 |
| Hexion Holdings Corp 1LN, term loan CME Term SOFR 1 month Index + 4%, 7.9598% 3/15/2029 (b)(c)(d) | 105000 | 102068 |
| Hexion Inc 2LN, term loan CME Term SOFR 1 month Index + 7.4375%, 11.4532% 3/15/2030 (b)(c)(d) | 8529 | 8311 |
| INEOS US Petrochem LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 4.25%, 8.2657% 4/2/2029 (b)(c)(d) | 144785 | 110543 |
| Tronox Finance LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 2.5%, 6.5015% 9/30/2031 (b)(c)(d) | 20000 | 14895 |
|  |  | 472266 |
| TOTAL UNITED STATES |  | 4415948 |
| <br> **TOTAL BANK LOAN OBLIGATIONS**<br> (Cost $4,893,055) |  | <br> **4664422** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 0.7%** | &nbsp;&nbsp;**Common Stocks - 0.7%** | &nbsp;&nbsp;**Common Stocks - 0.7%** |
|  | Shares | Value ($)<br>|
| FRANCE - 0.1%  |  |  |
| Communication Services - 0.1% |  |  |
| Media - 0.1% |  |  |
| Altice France Holding SA (h) | 3726 | 56422 |
| Altice France Holding SA rights (h)(i)(j) | 106 | 1221 |
| TOTAL FRANCE |  | 57643 |
| TANZANIA - 0.1%  |  |  |
| Communication Services - 0.1% |  |  |
| Diversified Telecommunication Services - 0.1% |  |  |
| Helios Towers PLC (j) | 52470 | 110849 |
| UNITED STATES - 0.5%  |  |  |
| Communication Services - 0.2% |  |  |
| Entertainment - 0.2% |  |  |
| Warner Bros Discovery Inc (j) | 4800 | 115200 |
| Consumer Discretionary - 0.0% |  |  |
| Specialty Retail - 0.0% |  |  |
| White Iris LLC (h) | 153 | 3775 |
| Energy - 0.1% |  |  |
| Oil, Gas & Consumable Fuels - 0.1% |  |  |
| Hess Midstream LP Class A  | 3100 | 104408 |
| Health Care - 0.1% |  |  |
| Health Care Providers & Services - 0.1% |  |  |
| Cano Health LLC (h)(j) | 981 | 11654 |
| Cano Health LLC warrants (h)(j) | 107 | 331 |
| Surgery Partners Inc (j) | 4525 | 77242 |
|  |  | 89227 |
| Information Technology - 0.1% |  |  |
| Semiconductors & Semiconductor Equipment - 0.1% |  |  |
| ON Semiconductor Corp (j) | 940 | 47226 |
| TOTAL UNITED STATES |  | 359836 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $516,067) |  | <br> **528328** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Convertible Corporate Bonds - 1.8%** | &nbsp;&nbsp;**Convertible Corporate Bonds - 1.8%** | &nbsp;&nbsp;**Convertible Corporate Bonds - 1.8%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| CAMEROON - 0.1%  |  |  |
| Energy - 0.1% |  |  |
| Oil, Gas & Consumable Fuels - 0.1% |  |  |
| Golar LNG Ltd 2.75% 12/15/2030 (i) | 76000 | 73106 |
| UNITED STATES - 1.7%  |  |  |
| Communication Services - 0.8% |  |  |
| Media - 0.8% |  |  |
| EchoStar Corp 3.875% 11/30/2030 pay-in-kind (c) | 271839 | 641289 |
| Financials - 0.2% |  |  |
| Financial Services - 0.2% |  |  |
| Redfin Corp 0.5% 4/1/2027  | 156000 | 145548 |
| Information Technology - 0.5% |  |  |
| Semiconductors & Semiconductor Equipment - 0.2% |  |  |
| MKS Inc 1.25% 6/1/2030  | 61000 | 76781 |
| ON Semiconductor Corp 0% 5/1/2027 (k) | 57000 | 65540 |
| Wolfspeed Inc 2.5% 6/15/2031  | 19000 | 32193 |
| Wolfspeed Inc 2.5% 6/15/2031 (i) | 14000 | 23721 |
|  |  | 198235 |
| Software - 0.3% |  |  |
| Riot Platforms Inc 0.75% 1/15/2030 (i) | 107000 | 142043 |
| Terawulf Inc 0% 5/1/2032 (i)(k) | 60000 | 60950 |
|  |  | 202993 |
| TOTAL INFORMATION TECHNOLOGY |  | 401228 |
| Utilities - 0.2% |  |  |
| Electric Utilities - 0.2% |  |  |
| PG&E Corp 4.25% 12/1/2027  | 114000 | 116907 |
| TOTAL UNITED STATES |  | 1304972 |
| <br> **TOTAL CONVERTIBLE CORPORATE BONDS**<br> (Cost $1,051,685) |  | <br> **1378078** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Convertible Preferred Stocks - 0.1%** | &nbsp;&nbsp;**Convertible Preferred Stocks - 0.1%** | &nbsp;&nbsp;**Convertible Preferred Stocks - 0.1%** |
|  | Shares | Value ($)<br>|
| UNITED STATES - 0.1%  |  |  |
| Financials - 0.1% |  |  |
| Financial Services - 0.1% |  |  |
| Acrisure Holdings Inc Series A-2 (h)<br>(Cost $74,287)<br>| 3085 | **82555** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 88.5%** | &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 88.5%** | &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 88.5%** | &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 88.5%** |
|  |  | Principal<br> Amount (a)<br>| Value ($)<br>|
| BAILIWICK OF JERSEY - 0.1%  |  |  |  |
| Consumer Discretionary - 0.1% |  |  |  |
| Automobiles - 0.1% |  |  |  |
| Aston Martin Capital Holdings Ltd 10% 3/31/2029 (i) |  | 120000 | 106129 |
| BRAZIL - 0.1%  |  |  |  |
| Industrials - 0.1% |  |  |  |
| Commercial Services & Supplies - 0.1% |  |  |  |
| Ambipar Lux Sarl 9.875% 2/6/2031 (g)(i) |  | 266000 | 59533 |
| CAMEROON - 0.1%  |  |  |  |
| Energy - 0.1% |  |  |  |
| Oil, Gas & Consumable Fuels - 0.1% |  |  |  |
| Golar LNG Ltd 7.5% 10/2/2030 (i) |  | 115000 | 111802 |
| CANADA - 2.9%  |  |  |  |
| Communication Services - 0.1% |  |  |  |
| Diversified Telecommunication Services - 0.1% |  |  |  |
| TELUS Corp 6.625% 10/15/2055 (c) |  | 71000 | 72764 |
| TELUS Corp 7% 10/15/2055 (c) |  | 36000 | 37579 |
|  |  |  | 110343 |
| Consumer Discretionary - 0.6% |  |  |  |
| Hotels, Restaurants & Leisure - 0.6% |  |  |  |
| 1011778 BC ULC / New Red Finance Inc 4% 10/15/2030 (i) |  | 222000 | 211541 |
| 1011778 BC ULC / New Red Finance Inc 5.625% 9/15/2029 (i) |  | 162000 | 165081 |
| 1011778 BC ULC / New Red Finance Inc 6.125% 6/15/2029 (i) |  | 76000 | 78356 |
|  |  |  | 454978 |
| Industrials - 0.0% |  |  |  |
| Machinery - 0.0% |  |  |  |
| New Flyer Holdings Inc 9.25% 7/1/2030 (i) |  | 24000 | 25704 |
| Information Technology - 1.0% |  |  |  |
| Software - 1.0% |  |  |  |
| Open Text Corp 3.875% 12/1/2029 (i) |  | 379000 | 359417 |
| Open Text Corp 3.875% 2/15/2028 (i) |  | 100000 | 97528 |
| Open Text Holdings Inc 4.125% 12/1/2031 (i) |  | 190000 | 176622 |
| Open Text Holdings Inc 4.125% 2/15/2030 (i) |  | 65000 | 61969 |
|  |  |  | 695536 |
| Materials - 0.8% |  |  |  |
| Metals & Mining - 0.8% |  |  |  |
| Hudbay Minerals Inc 6.125% 4/1/2029 (i) |  | 576000 | 583481 |
| Utilities - 0.4% |  |  |  |
| Gas Utilities - 0.4% |  |  |  |
| AltaGas Ltd 7.2% 10/15/2054 (c)(i) |  | 265000 | 274169 |
| TOTAL CANADA |  |  | 2144211 |
| CHILE - 0.2%  |  |  |  |
| Communication Services - 0.2% |  |  |  |
| Media - 0.2% |  |  |  |
| VTR Finance NV 6.375% 7/15/2028 (i) |  | 185000 | 181648 |
| COLOMBIA - 0.2%  |  |  |  |
| Energy - 0.2% |  |  |  |
| Oil, Gas & Consumable Fuels - 0.2% |  |  |  |
| Canacol Energy Ltd 5.75% 11/24/2028 (i) |  | 376000 | 68620 |
| Gran Tierra Energy Inc 9.5% 10/15/2029 (i) |  | 123000 | 90866 |
| TOTAL COLOMBIA |  |  | 159486 |
| DENMARK - 0.2%  |  |  |  |
| Health Care - 0.2% |  |  |  |
| Biotechnology - 0.2% |  |  |  |
| GENMAB A/S/GENMAB FINANCE LLC 6.25% 12/15/2032 (i)(l)(m) |  | 75000 | 77117 |
| GENMAB A/S/GENMAB FINANCE LLC 7.25% 12/15/2033 (i)(l)(m) |  | 75000 | 78547 |
| TOTAL DENMARK |  |  | 155664 |
| FINLAND - 0.4%  |  |  |  |
| Consumer Discretionary - 0.4% |  |  |  |
| Leisure Products - 0.4% |  |  |  |
| Amer Sports Co 6.75% 2/16/2031 (i) |  | 296000 | 308581 |
| FRANCE - 1.7%  |  |  |  |
| Communication Services - 0.7% |  |  |  |
| Diversified Telecommunication Services - 0.7% |  |  |  |
| Altice France SA 6.5% 4/15/2032 (i) |  | 406443 | 395441 |
| Altice France SA 6.875% 10/15/2030 (i) |  | 84711 | 83469 |
| Altice France SA 6.875% 7/15/2032 (i) |  | 50056 | 48790 |
|  |  |  | 527700 |
| Consumer Discretionary - 0.3% |  |  |  |
| Automobile Components - 0.3% |  |  |  |
| Forvia SE 6.75% 9/15/2033 (i) |  | 284000 | 289118 |
| Energy - 0.7% |  |  |  |
| Energy Equipment & Services - 0.7% |  |  |  |
| Vallourec SACA 7.5% 4/15/2032 (i) |  | 295000 | 314076 |
| Viridien 10% 10/15/2030 (i) |  | 170000 | 179210 |
|  |  |  | 493286 |
| TOTAL FRANCE |  |  | 1310104 |
| GHANA - 0.3%  |  |  |  |
| Energy - 0.3% |  |  |  |
| Oil, Gas & Consumable Fuels - 0.3% |  |  |  |
| Kosmos Energy Ltd 7.125% 4/4/2026 (i) |  | 76000 | 74860 |
| Kosmos Energy Ltd 7.5% 3/1/2028 (i) |  | 8000 | 5520 |
| Kosmos Energy Ltd 7.75% 5/1/2027 (i) |  | 46000 | 40250 |
| Tullow Oil PLC 10.25% 5/15/2026 (i) |  | 165000 | 119160 |
| TOTAL GHANA |  |  | 239790 |
| ISRAEL - 0.0%  |  |  |  |
| Health Care - 0.0% |  |  |  |
| Pharmaceuticals - 0.0% |  |  |  |
| Teva Pharmaceutical Finance Netherlands IV BV 5.75% 12/1/2030  |  | 30000 | 31133 |
| LUXEMBOURG - 0.5%  |  |  |  |
| Communication Services - 0.3% |  |  |  |
| Media - 0.2% |  |  |  |
| Altice Financing SA 5.75% 8/15/2029 (i) |  | 195000 | 130163 |
| Altice Financing SA 9.625% 7/15/2027 (i) |  | 40000 | 31927 |
|  |  |  | 162090 |
| Wireless Telecommunication Services - 0.1% |  |  |  |
| Altice France Lux 3 / Altice Holdings 1 10% 1/15/2033 (i) |  | 40400 | 38485 |
| TOTAL COMMUNICATION SERVICES |  |  | 200575 |
| Energy - 0.1% |  |  |  |
| Oil, Gas & Consumable Fuels - 0.1% |  |  |  |
| Breakwater Energy Holdings Sarl 9.25% 11/15/2030 (i) |  | 100000 | 103575 |
| Materials - 0.1% |  |  |  |
| Chemicals - 0.1% |  |  |  |
| Herens Holdco Sarl 4.75% 5/15/2028 (i) |  | 125000 | 108748 |
| TOTAL LUXEMBOURG |  |  | 412898 |
| MAURITIUS - 0.1%  |  |  |  |
| Communication Services - 0.1% |  |  |  |
| Wireless Telecommunication Services - 0.1% |  |  |  |
| Axian Telecom Holding & Management PLC 7.25% 7/11/2030 (i) |  | 60000 | 60619 |
| NIGERIA - 0.3%  |  |  |  |
| Communication Services - 0.3% |  |  |  |
| Diversified Telecommunication Services - 0.3% |  |  |  |
| IHS Holding Ltd 5.625% 11/29/2026 (i) |  | 68000 | 67504 |
| IHS Holding Ltd 6.25% 11/29/2028 (i) |  | 26000 | 25838 |
| IHS Holding Ltd 7.875% 5/29/2030 (i) |  | 110000 | 111925 |
| IHS Holding Ltd 8.25% 11/29/2031 (i) |  | 20000 | 20739 |
| TOTAL NIGERIA |  |  | 226006 |
| SOUTH AFRICA - 0.3%  |  |  |  |
| Communication Services - 0.3% |  |  |  |
| Diversified Telecommunication Services - 0.3% |  |  |  |
| Liquid Telecommunications Financing Plc 5.5% 9/4/2026 (i) |  | 227000 | 207589 |
| SWITZERLAND - 0.4%  |  |  |  |
| Materials - 0.4% |  |  |  |
| Chemicals - 0.4% |  |  |  |
| Consolidated Energy Finance SA 12% 2/15/2031 (i) |  | 135000 | 91800 |
| Consolidated Energy Finance SA 5.625% 10/15/2028 (i) |  | 30000 | 20820 |
| Consolidated Energy Finance SA 6.5% 5/15/2026 (i) |  | 195000 | 184929 |
| TOTAL SWITZERLAND |  |  | 297549 |
| UNITED STATES - 80.7%  |  |  |  |
| Communication Services - 7.4% |  |  |  |
| Diversified Telecommunication Services - 2.8% |  |  |  |
| APLD ComputeCo LLC 9.25% 12/15/2030 (i) |  | 275000 | 265031 |
| Cablevision Lightpath LLC 3.875% 9/15/2027 (i) |  | 25000 | 24616 |
| Cipher Compute LLC 7.125% 11/15/2030 (i) |  | 90000 | 91435 |
| Connect Holdings LLC 10.5% 4/3/2031 (i) |  | 45000 | 42655 |
| Level 3 Financing Inc 3.625% 1/15/2029 (i) |  | 20000 | 18007 |
| Level 3 Financing Inc 3.75% 7/15/2029 (i) |  | 147000 | 129878 |
| Level 3 Financing Inc 3.875% 10/15/2030 (i) |  | 82000 | 73371 |
| Level 3 Financing Inc 4% 4/15/2031 (i) |  | 116000 | 102080 |
| Level 3 Financing Inc 4.25% 7/1/2028 (i) |  | 10000 | 9449 |
| Level 3 Financing Inc 4.5% 4/1/2030 (i) |  | 102000 | 93968 |
| Level 3 Financing Inc 4.875% 6/15/2029 (i) |  | 55000 | 52388 |
| Level 3 Financing Inc 6.875% 6/30/2033 (i) |  | 781500 | 795869 |
| Level 3 Financing Inc 7% 3/31/2034 (i) |  | 145000 | 148515 |
| Lumen Technologies Inc 4.125% 4/15/2030 (i) |  | 15000 | 14872 |
| Lumen Technologies Inc 4.5% 1/15/2029 (i) |  | 7000 | 6487 |
| Windstream Services LLC 7.5% 10/15/2033 (i) |  | 110000 | 111945 |
| WULF Compute LLC 7.75% 10/15/2030 (i) |  | 170000 | 175766 |
|  |  |  | 2156332 |
| Interactive Media & Services - 0.1% |  |  |  |
| Snap Inc 6.875% 3/1/2033 (i) |  | 28000 | 28844 |
| Snap Inc 6.875% 3/15/2034 (i) |  | 55000 | 56221 |
|  |  |  | 85065 |
| Media - 4.5% |  |  |  |
| CCO Holdings LLC / CCO Holdings Capital Corp 4.25% 1/15/2034 (i) |  | 878000 | 743954 |
| CCO Holdings LLC / CCO Holdings Capital Corp 4.75% 2/1/2032 (i) |  | 67000 | 61562 |
| CMG Media Corp 8.875% 6/18/2029 (i) |  | 14000 | 11479 |
| CSC Holdings LLC 3.375% 2/15/2031 (i) |  | 291000 | 161603 |
| CSC Holdings LLC 4.125% 12/1/2030 (i) |  | 145000 | 82702 |
| CSC Holdings LLC 4.5% 11/15/2031 (i) |  | 210000 | 118731 |
| CSC Holdings LLC 4.625% 12/1/2030 (i) |  | 108000 | 38571 |
| Discovery Communications LLC 5% 9/20/2037  |  | 33000 | 28069 |
| Discovery Communications LLC 6.35% 6/1/2040  |  | 83000 | 74829 |
| DISH DBS Corp 5.125% 6/1/2029  |  | 136000 | 115106 |
| DISH DBS Corp 5.25% 12/1/2026 (i) |  | 10000 | 9769 |
| DISH DBS Corp 7.375% 7/1/2028  |  | 25000 | 23305 |
| DISH DBS Corp 7.75% 7/1/2026  |  | 150000 | 146852 |
| EchoStar Corp 6.75% 11/30/2030 pay-in-kind (c) |  | 174559 | 181287 |
| EW Scripps Co/The 9.875% 8/15/2030 (i) |  | 75000 | 75582 |
| Univision Communications Inc 7.375% 6/30/2030 (i) |  | 350000 | 355052 |
| Univision Communications Inc 8.5% 7/31/2031 (i) |  | 1005000 | 1039668 |
| Warnermedia Holdings Inc 4.279% 3/15/2032  |  | 27000 | 24671 |
| Warnermedia Holdings Inc 5.05% 3/15/2042  |  | 110000 | 87986 |
| Warnermedia Holdings Inc 5.141% 3/15/2052  |  | 25000 | 18700 |
|  |  |  | 3399478 |
| TOTAL COMMUNICATION SERVICES |  |  | 5640875 |
| Consumer Discretionary - 11.9% |  |  |  |
| Automobile Components - 0.8% |  |  |  |
| Adient Global Holdings Ltd 7.5% 2/15/2033 (i) |  | 206000 | 213268 |
| American Axle & Manufacturing Inc 6.375% 10/15/2032 (i) |  | 73000 | 73448 |
| American Axle & Manufacturing Inc 7.75% 10/15/2033 (i) |  | 152000 | 153511 |
| Clarios Global LP / Clarios US Finance Co 6.75% 9/15/2032 (i) |  | 134000 | 137829 |
|  |  |  | 578056 |
| Automobiles - 0.0% |  |  |  |
| Rivian Holdings LLC/Rivian LLC/Rivian Automotive LLC 10% 1/15/2031 (i) |  | 45000 | 43116 |
| Broadline Retail - 1.5% |  |  |  |
| GrubHub Holdings Inc 13% 7/31/2030 pay-in-kind (i) |  | 28245 | 23960 |
| Saks Global Enterprises LLC 11% 12/15/2029 (i) |  | 155096 | 53741 |
| Wayfair LLC 6.75% 11/15/2032 (i) |  | 75000 | 76526 |
| Wayfair LLC 7.25% 10/31/2029 (i) |  | 649000 | 675121 |
| Wayfair LLC 7.75% 9/15/2030 (i) |  | 283000 | 301615 |
|  |  |  | 1130963 |
| Diversified Consumer Services - 0.6% |  |  |  |
| Sotheby's 7.375% 10/15/2027 (i) |  | 243000 | 241928 |
| StoneMor Inc 8.5% 5/15/2029 (i) |  | 186000 | 181626 |
|  |  |  | 423554 |
| Hotels, Restaurants & Leisure - 5.2% |  |  |  |
| Acushnet Co 5.625% 12/1/2033 (i) |  | 35000 | 35272 |
| Carnival Corp 5.125% 5/1/2029 (i) |  | 65000 | 65544 |
| Carnival Corp 5.75% 3/15/2030 (i) |  | 120000 | 123332 |
| Carnival Corp 5.75% 8/1/2032 (i) |  | 100000 | 102511 |
| Carnival Corp 5.875% 6/15/2031 (i) |  | 125000 | 128706 |
| Carnival Corp 6.125% 2/15/2033 (i) |  | 423000 | 435728 |
| Hilton Domestic Operating Co Inc 3.625% 2/15/2032 (i) |  | 1390000 | 1291704 |
| Hilton Domestic Operating Co Inc 5.875% 3/15/2033 (i) |  | 116000 | 119613 |
| Hilton Domestic Operating Co Inc 5.875% 4/1/2029 (i) |  | 246000 | 251944 |
| Hilton Domestic Operating Co Inc 6.125% 4/1/2032 (i) |  | 60000 | 62222 |
| Light & Wonder International Inc 6.25% 10/1/2033 (i) |  | 90000 | 90553 |
| MajorDrive Holdings IV LLC 6.375% 6/1/2029 (i) |  | 110000 | 74800 |
| NCL Corp Ltd 5.875% 1/15/2031 (i) |  | 115000 | 113488 |
| NCL Corp Ltd 6.25% 9/15/2033 (i) |  | 115000 | 113623 |
| Yum! Brands Inc 4.625% 1/31/2032  |  | 957000 | 942301 |
|  |  |  | 3951341 |
| Household Durables - 2.6% |  |  |  |
| Beazer Homes USA Inc 7.5% 3/15/2031 (i) |  | 227000 | 230423 |
| LGI Homes Inc 7% 11/15/2032 (i) |  | 220000 | 215528 |
| TopBuild Corp 5.625% 1/31/2034 (i) |  | 413000 | 418638 |
| Whirlpool Corp 5.75% 3/1/2034  |  | 143000 | 137465 |
| Whirlpool Corp 6.125% 6/15/2030  |  | 241000 | 243423 |
| Whirlpool Corp 6.5% 6/15/2033  |  | 756000 | 751266 |
|  |  |  | 1996743 |
| Specialty Retail - 1.2% |  |  |  |
| Carvana Co 4.875% 9/1/2029 (i) |  | 25000 | 23187 |
| Carvana Co 9% 6/1/2030 pay-in-kind (c)(i) |  | 195847 | 205358 |
| Champions Financing Inc 8.75% 2/15/2029 (i) |  | 89000 | 88716 |
| LBM Acquisition LLC 6.25% 1/15/2029 (i) |  | 50000 | 44726 |
| LBM Acquisition LLC 9.5% 6/15/2031 (i) |  | 95000 | 97918 |
| SGUS LLC 11% 12/15/2029 (i) |  | 83813 | 67918 |
| Staples Inc 10.75% 9/1/2029 (i) |  | 163000 | 160204 |
| Staples Inc 12.75% 1/15/2030 (i) |  | 195538 | 154122 |
| White Cap Supply Holdings LLC 7.375% 11/15/2030 (i) |  | 35000 | 35697 |
|  |  |  | 877846 |
| TOTAL CONSUMER DISCRETIONARY |  |  | 9001619 |
| Consumer Staples - 2.5% |  |  |  |
| Consumer Staples Distribution & Retail - 0.9% |  |  |  |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC 4.875% 2/15/2030 (i) |  | 237000 | 235215 |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC 5.5% 3/31/2031 (i) |  | 60000 | 60820 |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC 5.75% 3/31/2034 (i) |  | 70000 | 70564 |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC 6.25% 3/15/2033 (i) |  | 66000 | 68344 |
| C&S Group Enterprises LLC 5% 12/15/2028 (i) |  | 76000 | 70591 |
| Performance Food Group Inc 4.25% 8/1/2029 (i) |  | 45000 | 44183 |
| Performance Food Group Inc 6.125% 9/15/2032 (i) |  | 65000 | 66871 |
| US Foods Inc 5.75% 4/15/2033 (i) |  | 30000 | 30540 |
|  |  |  | 647128 |
| Food Products - 1.4% |  |  |  |
| Post Holdings Inc 4.5% 9/15/2031 (i) |  | 606000 | 571436 |
| Post Holdings Inc 4.625% 4/15/2030 (i) |  | 234000 | 227919 |
| Post Holdings Inc 6.25% 10/15/2034 (i) |  | 65000 | 66017 |
| Post Holdings Inc 6.25% 2/15/2032 (i) |  | 62000 | 64019 |
| Post Holdings Inc 6.375% 3/1/2033 (i) |  | 125000 | 126521 |
|  |  |  | 1055912 |
| Household Products - 0.2% |  |  |  |
| Resideo Funding Inc 6.5% 7/15/2032 (i) |  | 194000 | 198609 |
| TOTAL CONSUMER STAPLES |  |  | 1901649 |
| Energy - 8.6% |  |  |  |
| Energy Equipment & Services - 0.8% |  |  |  |
| Archrock Partners LP / Archrock Partners Finance Corp 6.25% 4/1/2028 (i) |  | 231000 | 232418 |
| Archrock Partners LP / Archrock Partners Finance Corp 6.625% 9/1/2032 (i) |  | 88000 | 90616 |
| Kodiak Gas Services LLC 6.5% 10/1/2033 (i) |  | 95000 | 96905 |
| Kodiak Gas Services LLC 6.75% 10/1/2035 (i) |  | 69000 | 70897 |
| Nabors Industries Ltd 7.5% 1/15/2028 (i) |  | 69000 | 69089 |
| Oceaneering International Inc 6% 2/1/2028  |  | 103000 | 104579 |
|  |  |  | 664504 |
| Oil, Gas & Consumable Fuels - 7.8% |  |  |  |
| Antero Midstream Partners LP / Antero Midstream Finance Corp 5.75% 10/15/2033 (i) |  | 78000 | 78386 |
| Calumet Specialty Products Partners LP / Calumet Finance Corp 8.125% 1/15/2027 (i) |  | 36000 | 35889 |
| Calumet Specialty Products Partners LP / Calumet Finance Corp 9.75% 7/15/2028 (i) |  | 207000 | 206789 |
| CNX Midstream Partners LP 4.75% 4/15/2030 (i) |  | 563000 | 539991 |
| CNX Resources Corp 6% 1/15/2029 (i) |  | 190000 | 190713 |
| CNX Resources Corp 7.25% 3/1/2032 (i) |  | 152000 | 158513 |
| CNX Resources Corp 7.375% 1/15/2031 (i) |  | 114000 | 118343 |
| CVR Energy Inc 8.5% 1/15/2029 (i) |  | 280000 | 287972 |
| DBR Land Holdings LLC 6.25% 12/1/2030 (i) |  | 85000 | 86089 |
| Global Partners LP / GLP Finance Corp 6.875% 1/15/2029  |  | 491000 | 496942 |
| Global Partners LP / GLP Finance Corp 7.125% 7/1/2033 (i) |  | 232000 | 235632 |
| Moss Creek Resources Holdings Inc 8.25% 9/1/2031 (i) |  | 105000 | 100702 |
| Sunoco LP / Sunoco Finance Corp 4.5% 5/15/2029  |  | 666000 | 652736 |
| Sunoco LP 5.625% 3/15/2031 (i) |  | 73000 | 73415 |
| Sunoco LP 5.875% 3/15/2034 (i) |  | 73000 | 73470 |
| Sunoco LP 6.25% 7/1/2033 (i) |  | 545000 | 559782 |
| Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp 6% 12/31/2030 (i) |  | 1039000 | 1035537 |
| Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp 6% 9/1/2031 (i) |  | 772000 | 763003 |
| Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp 6.75% 3/15/2034 (i) |  | 188000 | 188222 |
|  |  |  | 5882126 |
| TOTAL ENERGY |  |  | 6546630 |
| Financials - 7.0% |  |  |  |
| Capital Markets - 0.3% |  |  |  |
| Jefferies Finance LLC / JFIN Co-Issuer Corp 5% 8/15/2028 (i) |  | 95000 | 90236 |
| Jefferies Finance LLC / JFIN Co-Issuer Corp 6.625% 10/15/2031 (i) |  | 176000 | 171768 |
|  |  |  | 262004 |
| Consumer Finance - 2.2% |  |  |  |
| Ally Financial Inc 6.646% 1/17/2040 (c) |  | 621000 | 623930 |
| Ford Motor Credit Co LLC 5.73% 9/5/2030  |  | 55000 | 55974 |
| LFS Topco LLC 8.75% 7/15/2030 (i) |  | 140000 | 136883 |
| OneMain Finance Corp 3.5% 1/15/2027  |  | 25000 | 24674 |
| OneMain Finance Corp 3.875% 9/15/2028  |  | 316000 | 306669 |
| OneMain Finance Corp 6.125% 5/15/2030  |  | 177000 | 179846 |
| OneMain Finance Corp 6.5% 3/15/2033  |  | 55000 | 55266 |
| OneMain Finance Corp 6.625% 5/15/2029  |  | 113000 | 116929 |
| OneMain Finance Corp 7.125% 11/15/2031  |  | 68000 | 70849 |
| OneMain Finance Corp 7.125% 9/15/2032  |  | 45000 | 46605 |
| SLM Corp 6.5% 1/31/2030  |  | 71000 | 74006 |
|  |  |  | 1691631 |
| Financial Services - 3.1% |  |  |  |
| Block Inc 3.5% 6/1/2031  |  | 720000 | 675403 |
| Block Inc 5.625% 8/15/2030 (i) |  | 79000 | 80496 |
| Block Inc 6% 8/15/2033 (i) |  | 59000 | 60638 |
| Block Inc 6.5% 5/15/2032  |  | 701000 | 732596 |
| Burford Capital Global Finance LLC 7.5% 7/15/2033 (i) |  | 102000 | 99719 |
| Clue Opco LLC 9.5% 10/15/2031 (i) |  | 27000 | 27956 |
| CrossCountry Intermediate HoldCo LLC 6.75% 12/1/2032 (i) |  | 35000 | 35390 |
| HA Sustainable Infrastructure Capital Inc 8% 6/1/2056 (c) |  | 108000 | 110044 |
| ION Platform Finance US Inc 7.875% 9/30/2032 (i) |  | 75000 | 71461 |
| NFE Financing LLC 12% 11/15/2029 (g)(i) |  | 136216 | 34517 |
| PennyMac Financial Services Inc 6.75% 2/15/2034 (i) |  | 105000 | 108195 |
| Scientific Games Holdings LP/Scientific Games US FinCo Inc 6.625% 3/1/2030 (i) |  | 181000 | 159825 |
| Walker & Dunlop Inc 6.625% 4/1/2033 (i) |  | 35000 | 35974 |
| WEX Inc 6.5% 3/15/2033 (i) |  | 61000 | 62215 |
|  |  |  | 2294429 |
| Mortgage Real Estate Investment Trusts (REITs) - 1.4% |  |  |  |
| EF Holdco / EF Cayman Hold / Ellington Fin REIT Cayman/TRS / EF Cayman Non-MTM 7.375% 9/30/2030 (i) |  | 65000 | 65665 |
| Starwood Property Trust Inc 3.625% 7/15/2026 (i) |  | 144000 | 142892 |
| Starwood Property Trust Inc 5.25% 10/15/2028 (i) |  | 150000 | 151025 |
| Starwood Property Trust Inc 5.75% 1/15/2031 (i) |  | 60000 | 60980 |
| Starwood Property Trust Inc 6% 4/15/2030 (i) |  | 104000 | 107057 |
| Starwood Property Trust Inc 6.5% 10/15/2030 (i) |  | 260000 | 271028 |
| Starwood Property Trust Inc 6.5% 7/1/2030 (i) |  | 162000 | 169117 |
| Starwood Property Trust Inc 7.25% 4/1/2029 (i) |  | 63000 | 66767 |
|  |  |  | 1034531 |
| TOTAL FINANCIALS |  |  | 5282595 |
| Health Care - 12.2% |  |  |  |
| Biotechnology - 0.1% |  |  |  |
| Emergent BioSolutions Inc 3.875% 8/15/2028 (i) |  | 126000 | 112449 |
| Health Care Providers & Services - 9.1% |  |  |  |
| AMN Healthcare Inc 4% 4/15/2029 (i) |  | 216000 | 205755 |
| CHS/Community Health Systems Inc 4.75% 2/15/2031 (i) |  | 745000 | 666507 |
| CHS/Community Health Systems Inc 5.25% 5/15/2030 (i) |  | 242000 | 228616 |
| CHS/Community Health Systems Inc 6.125% 4/1/2030 (i) |  | 133000 | 110512 |
| CHS/Community Health Systems Inc 9.75% 1/15/2034 (i) |  | 55000 | 58491 |
| CVS Health Corp 6.75% 12/10/2054 (c) |  | 1145000 | 1186606 |
| CVS Health Corp 7% 3/10/2055 (c) |  | 326000 | 342745 |
| DaVita Inc 3.75% 2/15/2031 (i) |  | 517000 | 479418 |
| DaVita Inc 6.875% 9/1/2032 (i) |  | 269000 | 279902 |
| Encompass Health Corp 4.625% 4/1/2031  |  | 262000 | 258362 |
| HAH Group Holding Co LLC 9.75% 10/1/2031 (i) |  | 38000 | 35843 |
| ModivCare Inc 5% 10/1/2029 (g)(i) |  | 26000 | 3 |
| Molina Healthcare Inc 3.875% 11/15/2030 (i) |  | 332000 | 306717 |
| Molina Healthcare Inc 6.25% 1/15/2033 (i) |  | 170000 | 170385 |
| Molina Healthcare Inc 6.5% 2/15/2031 (i) |  | 75000 | 76614 |
| Owens & Minor Inc 4.5% 3/31/2029 (i) |  | 64000 | 45261 |
| Owens & Minor Inc 6.625% 4/1/2030 (i) |  | 328000 | 210348 |
| Pediatrix Medical Group Inc 5.375% 2/15/2030 (i) |  | 415000 | 416177 |
| Radiology Partners Inc 9.781% 2/15/2030 pay-in-kind (c)(i) |  | 5500 | 5321 |
| Tenet Healthcare Corp 5.5% 11/15/2032 (i) |  | 535000 | 543478 |
| Tenet Healthcare Corp 6% 11/15/2033 (i) |  | 60000 | 61952 |
| Tenet Healthcare Corp 6.125% 10/1/2028  |  | 892000 | 895863 |
| Tenet Healthcare Corp 6.125% 6/15/2030  |  | 80000 | 81771 |
| US Acute Care Solutions LLC 9.75% 5/15/2029 (i) |  | 179000 | 181842 |
|  |  |  | 6848489 |
| Health Care Technology - 0.6% |  |  |  |
| IQVIA Inc 5% 10/15/2026 (i) |  | 57000 | 56962 |
| IQVIA Inc 5% 5/15/2027 (i) |  | 113000 | 112872 |
| IQVIA Inc 6.25% 6/1/2032 (i) |  | 256000 | 267767 |
|  |  |  | 437601 |
| Life Sciences Tools & Services - 1.2% |  |  |  |
| Charles River Laboratories International Inc 4.25% 5/1/2028 (i) |  | 855000 | 846124 |
| Fortrea Holdings Inc 7.5% 7/1/2030 (i) |  | 49000 | 49186 |
|  |  |  | 895310 |
| Pharmaceuticals - 1.2% |  |  |  |
| Bausch Health Americas Inc 8.5% 1/31/2027 (i) |  | 55000 | 54766 |
| Organon & Co / Organon Foreign Debt Co-Issuer BV 5.125% 4/30/2031 (i) |  | 669000 | 560257 |
| Organon & Co / Organon Foreign Debt Co-Issuer BV 6.75% 5/15/2034 (i) |  | 190000 | 170980 |
| Organon & Co / Organon Foreign Debt Co-Issuer BV 7.875% 5/15/2034 (i) |  | 109000 | 91662 |
|  |  |  | 877665 |
| TOTAL HEALTH CARE |  |  | 9171514 |
| Industrials - 8.8% |  |  |  |
| Aerospace & Defense - 1.2% |  |  |  |
| ATI Inc 4.875% 10/1/2029  |  | 328000 | 327307 |
| ATI Inc 7.25% 8/15/2030  |  | 83000 | 87631 |
| Carpenter Technology Corp 5.625% 3/1/2034 (i) |  | 95000 | 96553 |
| TransDigm Inc 4.875% 5/1/2029  |  | 97000 | 96393 |
| TransDigm Inc 6% 1/15/2033 (i) |  | 103000 | 105318 |
| TransDigm Inc 6.25% 1/31/2034 (i) |  | 20000 | 20736 |
| TransDigm Inc 6.375% 3/1/2029 (i) |  | 28000 | 28840 |
| TransDigm Inc 6.375% 5/31/2033 (i) |  | 45000 | 46125 |
| TransDigm Inc 6.625% 3/1/2032 (i) |  | 32000 | 33260 |
| TransDigm Inc 6.75% 1/31/2034 (i) |  | 90000 | 94036 |
|  |  |  | 936199 |
| Air Freight & Logistics - 0.4% |  |  |  |
| Rand Parent LLC 8.5% 2/15/2030 (i) |  | 285000 | 294090 |
| Building Products - 0.9% |  |  |  |
| Advanced Drainage Systems Inc 6.375% 6/15/2030 (i) |  | 95000 | 96854 |
| Builders FirstSource Inc 6.375% 3/1/2034 (i) |  | 26000 | 27043 |
| Builders FirstSource Inc 6.75% 5/15/2035 (i) |  | 124000 | 130782 |
| Camelot Return Merger Sub Inc 8.75% 8/1/2028 (i) |  | 285000 | 238331 |
| Cornerstone Building Brands Inc 6.125% 1/15/2029 (i) |  | 337000 | 168605 |
|  |  |  | 661615 |
| Commercial Services & Supplies - 4.5% |  |  |  |
| ADT Security Corp/The 5.875% 10/15/2033 (i) |  | 125000 | 126869 |
| Artera Services LLC 8.5% 2/15/2031 (i) |  | 695000 | 600790 |
| Brand Industrial Services Inc 10.375% 8/1/2030 (i) |  | 1086000 | 1064994 |
| Neptune Bidco US Inc 10.375% 5/15/2031 (i) |  | 170000 | 171876 |
| Neptune Bidco US Inc 9.29% 4/15/2029 (i) |  | 321000 | 318593 |
| OT Midco Inc 10% 2/15/2030 (i) |  | 110000 | 43593 |
| Reworld Holding Corp 4.875% 12/1/2029 (i) |  | 1118000 | 1059424 |
|  |  |  | 3386139 |
| Construction & Engineering - 0.2% |  |  |  |
| AECOM 6% 8/1/2033 (i) |  | 117000 | 120269 |
| Electrical Equipment - 0.3% |  |  |  |
| Atkore Inc 4.25% 6/1/2031 (i) |  | 185000 | 178249 |
| Sensata Technologies BV 4% 4/15/2029 (i) |  | 38000 | 37103 |
|  |  |  | 215352 |
| Machinery - 0.6% |  |  |  |
| Allison Transmission Inc 5.875% 12/1/2033 (i) |  | 80000 | 80729 |
| Beach Acquisition Bidco LLC 10% 7/15/2033 pay-in-kind (c)(i) |  | 120000 | 129858 |
| Enpro Inc 6.125% 6/1/2033 (i) |  | 55000 | 56814 |
| Terex Corp 6.25% 10/15/2032 (i) |  | 175000 | 178669 |
|  |  |  | 446070 |
| Professional Services - 0.2% |  |  |  |
| Science Applications International Corp 5.875% 11/1/2033 (i) |  | 188000 | 187273 |
| Trading Companies & Distributors - 0.5% |  |  |  |
| Herc Holdings Inc 7% 6/15/2030 (i) |  | 94000 | 98675 |
| Herc Holdings Inc 7.25% 6/15/2033 (i) |  | 79000 | 83633 |
| United Rentals North America Inc 5.375% 11/15/2033 (i) |  | 145000 | 145333 |
| United Rentals North America Inc 6.125% 3/15/2034 (i) |  | 67000 | 69975 |
|  |  |  | 397616 |
| TOTAL INDUSTRIALS |  |  | 6644623 |
| Information Technology - 4.9% |  |  |  |
| Electronic Equipment, Instruments & Components - 0.1% |  |  |  |
| Insight Enterprises Inc 6.625% 5/15/2032 (i) |  | 44000 | 45044 |
| TTM Technologies Inc 4% 3/1/2029 (i) |  | 64000 | 61988 |
|  |  |  | 107032 |
| IT Services - 1.8% |  |  |  |
| Cogent Communications Group LLC / Cogent Finance Inc 7% 6/15/2027 (i) |  | 157000 | 155499 |
| Cogent Communications Group LLC / Cogent Finance Inc 7% 6/15/2027 (i) |  | 121000 | 119834 |
| CoreWeave Inc 9% 2/1/2031 (i) |  | 245000 | 221699 |
| CoreWeave Inc 9.25% 6/1/2030 (i) |  | 91000 | 83957 |
| Go Daddy Operating Co LLC / GD Finance Co Inc 3.5% 3/1/2029 (i) |  | 790000 | 756035 |
|  |  |  | 1337024 |
| Semiconductors & Semiconductor Equipment - 1.6% |  |  |  |
| Entegris Inc 5.95% 6/15/2030 (i) |  | 802000 | 821020 |
| ON Semiconductor Corp 3.875% 9/1/2028 (i) |  | 359000 | 349965 |
| Wolfspeed Inc 12% 6/15/2031 pay-in-kind (c) |  | 24675 | 19987 |
| Wolfspeed Inc 9.875% 6/23/2030 pay-in-kind (c)(i) |  | 15380 | 16841 |
|  |  |  | 1207813 |
| Software - 1.1% |  |  |  |
| Elastic NV 4.125% 7/15/2029 (i) |  | 112000 | 108014 |
| Fair Isaac Corp 6% 5/15/2033 (i) |  | 115000 | 118203 |
| Gen Digital Inc 7.125% 9/30/2030 (i) |  | 586000 | 606019 |
| Rackspace Finance LLC 3.5% 5/15/2028 (i) |  | 12525 | 5064 |
|  |  |  | 837300 |
| Technology Hardware, Storage & Peripherals - 0.3% |  |  |  |
| Seagate Data Storage Technology Pte Ltd 4.125% 1/15/2031 (i) |  | 40000 | 37954 |
| Seagate Data Storage Technology Pte Ltd 5.75% 12/1/2034 (i) |  | 96000 | 98687 |
| Seagate Data Storage Technology Pte Ltd 5.875% 7/15/2030 (i) |  | 64000 | 65900 |
|  |  |  | 202541 |
| TOTAL INFORMATION TECHNOLOGY |  |  | 3691710 |
| Materials - 7.3% |  |  |  |
| Chemicals - 5.2% |  |  |  |
| Advancion Sciences Inc 9.25% 11/1/2026 pay-in-kind (c)(i) |  | 121992 | 106438 |
| Celanese US Holdings LLC 6.5% 4/15/2030  |  | 89000 | 88859 |
| Celanese US Holdings LLC 6.75% 4/15/2033  |  | 202000 | 201028 |
| Celanese US Holdings LLC 6.879% 7/15/2032 (c) |  | 91000 | 92839 |
| Celanese US Holdings LLC 7.05% 11/15/2030 (c) |  | 70000 | 72561 |
| Celanese US Holdings LLC 7.2% 11/15/2033 (c) |  | 50000 | 52218 |
| Chemours Co/The 4.625% 11/15/2029 (i) |  | 1163000 | 1038903 |
| Chemours Co/The 5.75% 11/15/2028 (i) |  | 417000 | 404719 |
| GPD Cos Inc 12.5% 12/31/2029 pay-in-kind (i) |  | 48468 | 26330 |
| Inversion Escrow Issuer LLC 6.75% 8/1/2032 (i) |  | 647000 | 632001 |
| Mativ Holdings Inc 8% 10/1/2029 (i) |  | 55000 | 55098 |
| Olin Corp 5% 2/1/2030  |  | 439000 | 431444 |
| Olin Corp 6.625% 4/1/2033 (i) |  | 355000 | 352629 |
| Olympus Water US Holding Corp 7.25% 2/15/2033 (i) |  | 233000 | 231289 |
| Tronox Inc 4.625% 3/15/2029 (i) |  | 201000 | 129836 |
|  |  |  | 3916192 |
| Construction Materials - 0.9% |  |  |  |
| Quikrete Holdings Inc 6.375% 3/1/2032 (i) |  | 536000 | 556580 |
| Quikrete Holdings Inc 6.75% 3/1/2033 (i) |  | 107000 | 111412 |
|  |  |  | 667992 |
| Containers & Packaging - 1.1% |  |  |  |
| Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC 4% 9/1/2029 (i) |  | 245000 | 228031 |
| Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC 6.25% 1/30/2031 (i)(l)(m) |  | 190000 | 193302 |
| Ball Corp 5.5% 9/15/2033  |  | 27000 | 27508 |
| Crown Americas LLC 5.875% 6/1/2033 (i) |  | 264000 | 270268 |
| Graphic Packaging International LLC 4.75% 7/15/2027 (i) |  | 80000 | 79816 |
| Graphic Packaging International LLC 6.375% 7/15/2032 (i) |  | 40000 | 40676 |
|  |  |  | 839601 |
| Metals & Mining - 0.1% |  |  |  |
| Commercial Metals Co 5.75% 11/15/2033 (i) |  | 68000 | 69539 |
| Commercial Metals Co 6% 12/15/2035 (i) |  | 69000 | 70288 |
|  |  |  | 139827 |
| TOTAL MATERIALS |  |  | 5563612 |
| Real Estate - 2.8% |  |  |  |
| Diversified REITs - 0.4% |  |  |  |
| Uniti Group LP / Uniti Fiber Holdings Inc / CSL Capital LLC 6% 1/15/2030 (i) |  | 80000 | 73780 |
| Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC 8.625% 6/15/2032 (i) |  | 260000 | 249308 |
|  |  |  | 323088 |
| Health Care REITs - 0.7% |  |  |  |
| MPT Operating Partnership LP / MPT Finance Corp 0.993% 10/15/2026  | EUR | 100000 | 110698 |
| MPT Operating Partnership LP / MPT Finance Corp 4.625% 8/1/2029  |  | 168000 | 141483 |
| MPT Operating Partnership LP / MPT Finance Corp 5% 10/15/2027  |  | 317000 | 306364 |
|  |  |  | 558545 |
| Hotel & Resort REITs - 0.1% |  |  |  |
| RHP Hotel Properties LP / RHP Finance Corp 6.5% 6/15/2033 (i) |  | 60000 | 62350 |
| Real Estate Management & Development - 1.6% |  |  |  |
| Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp 7% 4/15/2030 (i) |  | 122000 | 122516 |
| Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp 5.75% 1/15/2029 (i) |  | 120000 | 115407 |
| Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp 9.75% 4/15/2030 (i) |  | 87000 | 94513 |
| Taylor Morrison Communities Inc 5.125% 8/1/2030 (i) |  | 775000 | 778517 |
| Taylor Morrison Communities Inc 5.75% 11/15/2032 (i) |  | 55000 | 56690 |
|  |  |  | 1167643 |
| TOTAL REAL ESTATE |  |  | 2111626 |
| Utilities - 7.3% |  |  |  |
| Electric Utilities - 6.0% |  |  |  |
| DPL LLC/Ohio 4.35% 4/15/2029  |  | 758000 | 744015 |
| Edison International 7.875% 6/15/2054 (c) |  | 271000 | 281857 |
| Edison International 8.125% 6/15/2053 (c) |  | 154000 | 159025 |
| NRG Energy Inc 5.75% 1/15/2034 (i) |  | 212000 | 213700 |
| NRG Energy Inc 5.75% 7/15/2029 (i) |  | 62000 | 62309 |
| NRG Energy Inc 6% 1/15/2036 (i) |  | 90000 | 91403 |
| NRG Energy Inc 6% 2/1/2033 (i) |  | 141000 | 143989 |
| NRG Energy Inc 6.25% 11/1/2034 (i) |  | 233000 | 240113 |
| PG&E Corp 5.25% 7/1/2030  |  | 1315000 | 1302488 |
| PG&E Corp 7.375% 3/15/2055 (c) |  | 180000 | 186093 |
| XPLR Infrastructure Operating Partners LP 4.5% 9/15/2027 (i) |  | 556000 | 546260 |
| XPLR Infrastructure Operating Partners LP 7.25% 1/15/2029 (i) |  | 91000 | 93260 |
| XPLR Infrastructure Operating Partners LP 7.75% 4/15/2034 (i) |  | 90000 | 91504 |
| XPLR Infrastructure Operating Partners LP 8.375% 1/15/2031 (i) |  | 250000 | 261978 |
| XPLR Infrastructure Operating Partners LP 8.625% 3/15/2033 (i) |  | 135000 | 141153 |
|  |  |  | 4559147 |
| Independent Power and Renewable Electricity Producers - 1.3% |  |  |  |
| AES Corp/The 6.95% 7/15/2055 (c) |  | 56000 | 54629 |
| Sunnova Energy Corp 5.875% (g)(h)(i) |  | 179000 | 448 |
| TerraForm Power Operating LLC 4.75% 1/15/2030 (i) |  | 993000 | 954623 |
|  |  |  | 1009700 |
| TOTAL UTILITIES |  |  | 5568847 |
| TOTAL UNITED STATES |  |  | 61125300 |
| <br> **TOTAL NON-CONVERTIBLE CORPORATE BONDS**<br> (Cost $66,917,179) |  |  | <br> **67138042** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Non-Convertible Preferred Stocks - 0.1%** | &nbsp;&nbsp;**Non-Convertible Preferred Stocks - 0.1%** | &nbsp;&nbsp;**Non-Convertible Preferred Stocks - 0.1%** |
|  | Shares | Value ($)<br>|
| UNITED STATES - 0.1%  |  |  |
| Information Technology - 0.1% |  |  |
| Software - 0.1% |  |  |
| Strategy Inc 10.75% (n)<br>(Cost $68,184)<br>| 725 | **70158** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Preferred Securities - 0.6%** | &nbsp;&nbsp;**Preferred Securities - 0.6%** | &nbsp;&nbsp;**Preferred Securities - 0.6%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| UNITED STATES - 0.6%  |  |  |
| Financials - 0.3% |  |  |
| Banks - 0.2% |  |  |
| BW Real Estate Inc 9.5% (c)(i)(o) | 100000 | 103594 |
| Consumer Finance - 0.1% |  |  |
| Ally Financial Inc 4.7% (c)(o) | 70000 | 68680 |
| Insurance - 0.0% |  |  |
| Alliant Holdings LP 10.5% (c)(h)(o) | 16452 | 16741 |
| TOTAL FINANCIALS |  | 189015 |
| Industrials - 0.2% |  |  |
| Trading Companies & Distributors - 0.2% |  |  |
| Air Lease Corp 4.125% (c)(o) | 190000 | 185631 |
| Utilities - 0.1% |  |  |
| Electric Utilities - 0.1% |  |  |
| Edison International 5% (c)(o) | 75000 | 75339 |
| TOTAL UNITED STATES |  | 449985 |
| <br> **TOTAL PREFERRED SECURITIES**<br> (Cost $443,654) |  | <br> **449985** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 0.1%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.1%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.1%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.1%** |
|  | Yield (%) (p) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Notes 3.75% 5/31/2030  | 3.61 | 36000 | 36245 |
| US Treasury Notes 4% 2/15/2034  | 3.92 to 3.96 | 72000 | 72568 |
| <br> **TOTAL U.S. TREASURY OBLIGATIONS**<br> (Cost $108,513) |  |  | **108813** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 2.1%** | &nbsp;&nbsp;**Money Market Funds - 2.1%** | &nbsp;&nbsp;**Money Market Funds - 2.1%** | &nbsp;&nbsp;**Money Market Funds - 2.1%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (q)<br>(Cost $1,570,436)<br>| 4.02 | 1570122 | **1570436** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.2%**<br> (Cost $75,643,060)<br>| <br>**75990817** |
| **NET OTHER ASSETS (LIABILITIES) - (0.2)%**  | **(156273)** |
| **NET ASSETS - 100.0%** | **75834544** |

---

**Currency Abbreviations**

EUR - European Monetary Unit (Euro)

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Remaining maturities of bank loan obligations may be less than the stated maturities shown as a result of contractual or optional prepayments by the borrower. Such prepayments cannot be predicted with certainty.

(c) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(d) Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.

(e) A coupon rate of 0% signifies an unsettled loan. The coupon rate will be determined upon settlement of the loan after period end.

(f) Position or a portion of the position represents an unfunded loan commitment. At period end, the total principal amount and market value of unfunded commitments totaled $3,794 and $3,630, respectively.

(g) Non-income producing - Security is in default.

(h) Level 3 security.

(i) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $52,749,119 or 69.6% of net assets.

(j) Non-income producing.

(k) Zero coupon bond which is issued at a discount.

(l) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(m) A portion of the security sold on a delayed delivery basis.

(n) Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.

(o) Security is perpetual in nature with no stated maturity date.

(p) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.

(q) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 338417 | 6574679 | 5342688 | 10433 | 28 | - | 1570436 | 1570122 | 0.0% |
| Total | 338417 | 6574679 | 5342688 | 10433 | 28 | - | 1570436 |  |  |

---

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.

**Investment Valuation**

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - Unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. U.S. Treasury Obligations, Bank Loan Obligations, Convertible Corporate Bonds, Non-Convertible Corporate Bonds and Preferred Securities are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. For foreign debt securities, when significant market or security specific events arise, valuations may be determined in good faith in accordance with procedures adopted by the Board. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

The Fund invests a significant portion of its assets in below investment grade securities. The value of these securities can be more volatile due to changes in the credit quality of the issuer and is sensitive to changes in economic, market and regulatory conditions.

Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

*The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.*

*Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Covington Trust

- **b. Investment Company Act file number:** 811-07319

- **c. CIK number of Registrant:** 0000945908

- **d. LEI of Registrant:** 549300JFYFTF85QAQR28

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

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

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

- **a. Name of Series:** Fidelity Sustainable High Yield ETF

- **b. EDGAR series identifier (if any):** S000075296

- **c. LEI of Series:** 5493008RT5ZXTNQPLX41

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $77248971.94

**Total Liabilities:** $1432708.31

**Net Assets:** $75816263.63

**Delayed Delivery Securities:** $600000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 415.89208970 | **1-Year:** 1162.91805040 | **5-Year:** 1141.99706240 | **10-Year:** 402.02979100 | **30-Year:** 34.05373160

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

- **3-Month:** 3718.45642586 | **1-Year:** 10173.08104618 | **5-Year:** 9679.31631709 | **10-Year:** 1265.51321564 | **30-Year:** 228.50830897

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000234213 | 1.14%                | 0.09%                | 0.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $134053.37               | $173836.92                                 |
| Month 2  | $121927.45               | $-402623.59                                |
| Month 3  | $-39056.27               | $-61993.45                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fidelity Revere Street Trust                                                   | Fidelity Cash Central Fund                                                                            | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   1570122 | NS      | $1570436.41   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ON SEMICONDUCTOR CORP                                                          | ON SEMICONDUCTOR CORP                                                                                 | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |       940 | NS      | $47225.60     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SURGERY PARTNERS INC                                                           | SURGERY PARTNERS INC                                                                                  | CUSIP: 86881A100<br>LEI: 549300LC82HG33S19I03 | Long             | EC               | CORP              | US        |      4525 | NS      | $77241.75     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA INC                                                                      | IQVIA INC 5% 10/15/2026 144A                                                                          | CUSIP: 449934AD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |     57000 | PA      | $56962.27     | 0.08%             | 2026-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                                  | DISH DBS CORP 7.75% 07/01/2026                                                                        | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $146851.53    | 0.19%             | 2026-07-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSHIP LP / MPT FIN CORP                                         | MPT OPER PARTNERSHIP LP/CORP 5% 10/15/2027                                                            | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    317000 | PA      | $306364.23    | 0.40%             | 2027-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY OPERATING PARTNERS LP                                           | NEXTERA ENERGY OPERATING PARTNERS LP 4.5% 09/15/2027 144A                                             | CUSIP: 65342QAB8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    556000 | PA      | $546260.33    | 0.72%             | 2027-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| OLIN CORP                                                                      | OLIN CORP 5% 02/01/2030                                                                               | CUSIP: 680665AK2<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    439000 | PA      | $431444.28    | 0.57%             | 2030-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OCEANEERING INTERNATIONAL INC                                                  | OCEANEERING INTERNATIONAL INC 6% 02/01/2028                                                           | CUSIP: 675232AB8<br>LEI: 549300L6PH74701W0R30 | Long             | DBT              | CORP              | US        |    103000 | PA      | $104579.20    | 0.14%             | 2028-02-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HELIOS TOWERS PLC                                                              | HELIOS TOWERS PLC                                                                                     | CUSIP: N/A<br>LEI: 213800DGC7GS4XCHCU30       | Long             | EC               | CORP              | GB        |     52470 | NS      | $110849.44    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSOLIDATED ENERGY FINANCE SA                                                 | CONSOLIDATED ENERGY FINANCE SA 6.5% 05/15/2026 144A                                                   | CUSIP: 20914UAE6<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    195000 | PA      | $184929.42    | 0.24%             | 2026-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH AMERICAS INC                                                     | BAUSCH HEALTH AMERICAS INC 8.5% 01/31/2027 144A                                                       | CUSIP: 91911XAW4<br>LEI: KOO0397YRO83WY5MGD97 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54765.66     | 0.07%             | 2027-01-31      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| KOSMOS ENERGY LTD                                                              | KOSMOS ENERGY LTD 7.125% 04/04/2026 144A                                                              | CUSIP: 500688AC0<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |     76000 | PA      | $74860.00     | 0.10%             | 2026-04-04      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                                      | IQVIA INC 5% 05/15/2027 144A                                                                          | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    113000 | PA      | $112871.88    | 0.15%             | 2027-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTL INC                                                     | GRAPHIC PACKAGING INTL INC 4.75% 07/15/2027 144A                                                      | CUSIP: 38869AAA5<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79815.77     | 0.11%             | 2027-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSHIP LP / MPT FIN CORP                                         | MPT OPER PARTNERSHIP LP/CORP 4.625% 08/01/2029                                                        | CUSIP: 55342UAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    168000 | PA      | $141482.80    | 0.19%             | 2029-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOTHEBYS                                                                       | SOTHEBYS 7.375% 10/15/2027 144A                                                                       | CUSIP: 835898AH0<br>LEI: 549300P5BAAMQQ7VL735 | Long             | DBT              | CORP              | US        |    243000 | PA      | $241928.30    | 0.32%             | 2027-10-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATING LLC                                                  | TERRAFORM POWER OPERATING LLC 4.75% 01/15/2030 144A                                                   | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |    993000 | PA      | $954623.33    | 1.26%             | 2030-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORIES INTERNATIONAL INC                                   | CHARLES RIVER LABS INTL INC 4.25% 05/01/2028 144A                                                     | CUSIP: 159864AE7<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    855000 | PA      | $846123.39    | 1.12%             | 2028-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS L P / ARCHROCK PARTNERS FIN CORP                             | ARCHROCK PARTNERS LP / FIN CORP 6.25% 04/01/2028 144A                                                 | CUSIP: 03959KAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    231000 | PA      | $232418.34    | 0.31%             | 2028-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM LP                                                              | HESS MIDSTREAM LP CL A                                                                                | CUSIP: 428103105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3100 | NS      | $104408.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NABORS INDUSTRIES LTD                                                          | NABORS INDUSTRIES LTD 7.5% 01/15/2028 144A                                                            | CUSIP: 629571AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     69000 | PA      | $69089.01     | 0.09%             | 2028-01-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS LLC / SAFEWAY INC / NEW ALBERTSONS INC / ALBERTSONS LLC         | ALBERTSONS COS LLC / SAFEWAY INC / NEW ALBERTSONS INC / ALBERTSONS LLC 4.875% 02/15/2030 144A         | CUSIP: 013092AE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    237000 | PA      | $235214.75    | 0.31%             | 2030-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT HOLDINGS INC                                                         | OPEN TEXT HOLDINGS INC 4.125% 02/15/2030 144A                                                         | CUSIP: 683720AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $61969.20     | 0.08%             | 2030-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORPORATION                                                          | OPEN TEXT CORPORATION 3.875% 02/15/2028 144A                                                          | CUSIP: 683715AC0<br>LEI: 549300UQROQS42RKHM85 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $97528.44     | 0.13%             | 2028-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| UNITED PF HOLDINGS LLC                                                         | UNITED PLANET FITNESS TERM 1LN 12/30/2026                                                             | CUSIP: 91132UAG8<br>LEI: 2549002AF6PASVP2G486 | Long             | LON              | CORP              | US        |    374643 | PA      | $359967.93    | 0.47%             | 2026-12-30      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                              | POST HLDGS INC 4.625% 04/15/2030 144A                                                                 | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    234000 | PA      | $227919.37    | 0.30%             | 2030-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DPL INC                                                                        | DPL INC 4.35% 04/15/2029                                                                              | CUSIP: 233293AQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    758000 | PA      | $744014.60    | 0.98%             | 2029-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                               | CSC HOLDINGS LLC 4.125% 12/01/2030 144A                                                               | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    145000 | PA      | $82701.67     | 0.11%             | 2030-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                               | CSC HOLDINGS LLC 4.625% 12/01/2030 144A                                                               | CUSIP: 126307BD8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    108000 | PA      | $38570.96     | 0.05%             | 2030-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNITED PF HOLDINGS LLC                                                         | UNITED PLANET FITNESS TERM B 1LN 12/30/2026                                                           | CUSIP: 91132UAK9<br>LEI: 2549002AF6PASVP2G486 | Long             | LON              | CORP              | US        |      9896 | PA      | $9549.49      | 0.01%             | 2026-12-30      | Variable      | 0.13%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                          | LEVEL 3 FINANCING INC 4.25% 07/01/2028 144A                                                           | CUSIP: 527298BR3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9450.00      | 0.01%             | 2028-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PG and E CORP                                                                  | PG and E CORP 5.25% 07/01/2030                                                                        | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   1315000 | PA      | $1302487.51   | 1.72%             | 2030-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VTR FINANCE BV                                                                 | VTR FINANCE BV 6.375% 07/15/2028 144A                                                                 | CUSIP: 918374AA7<br>LEI: 213800F4XI4RJB82XM19 | Long             | DBT              | CORP              | NL        |    185000 | PA      | $181647.80    | 0.24%             | 2028-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMMUNITIES INC                                                | TAYLOR MORRISON COMMUNITIES INC 5.125% 08/01/2030 144A                                                | CUSIP: 87724RAJ1<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    775000 | PA      | $778516.95    | 1.03%             | 2030-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                               | CSC HOLDINGS LLC 3.375% 02/15/2031 144A                                                               | CUSIP: 126307BF3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    291000 | PA      | $161603.45    | 0.21%             | 2031-02-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| EMERGENT BIOSOLUTIONS INC                                                      | EMERGENT BIOSOLUTIONS INC 3.875% 08/15/2028 144A                                                      | CUSIP: 29089QAC9<br>LEI: 549300YW6TUOX8BE5103 | Long             | DBT              | CORP              | US        |    126000 | PA      | $112448.71    | 0.15%             | 2028-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                                     | DAVITA INC 3.75% 02/15/2031 144A                                                                      | CUSIP: 23918KAT5<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    517000 | PA      | $479418.08    | 0.63%             | 2031-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                          | LEVEL 3 FINANCING INC 3.625% 01/15/2029 144A                                                          | CUSIP: 527298BS1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18007.20     | 0.02%             | 2029-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ON SEMICONDUCTOR CORP                                                          | ON SEMICONDUCTOR CORP 3.875% 09/01/2028 144A                                                          | CUSIP: 682189AQ8<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |    359000 | PA      | $349965.44    | 0.46%             | 2028-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                          | TENET HEALTHCARE CORP 6.125% 10/01/2028                                                               | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    892000 | PA      | $895862.36    | 1.18%             | 2028-10-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HUDBAY MINERALS INC                                                            | HUDBAY MINERALS INC 6.125% 04/01/2029 144A                                                            | CUSIP: 443628AH5<br>LEI: 549300WI524AL577IX21 | Long             | DBT              | CORP              | CA        |    576000 | PA      | $583480.51    | 0.77%             | 2029-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING BRANDS INC                                                | CORNERSTONE BUILDING BRANDS INC 6.125% 01/15/2029 144A                                                | CUSIP: 21925DAA7<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |    337000 | PA      | $168605.32    | 0.22%             | 2029-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CABLEVISION LIGHTPATH LLC                                                      | CABLEVISION LIGHTPATH LLC 3.875% 09/15/2027 144A                                                      | CUSIP: 12687GAA7<br>LEI: 5493002ZVBLRLGES1R71 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24615.95     | 0.03%             | 2027-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| 1011778 B C UNLIMITED LIABILITY CO / NEW RED FIN INC                           | 1011778 BC ULC/NEW RED FIN INC 4% 10/15/2030 144A                                                     | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    222000 | PA      | $211540.87    | 0.28%             | 2030-10-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP                                                          | ENCOMPASS HEALTH CORP 4.625% 04/01/2031                                                               | CUSIP: 29261AAE0<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |    262000 | PA      | $258362.26    | 0.34%             | 2031-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                                  | DISH DBS CORP 7.375% 07/01/2028                                                                       | CUSIP: 25470XBB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $23304.99     | 0.03%             | 2028-07-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| AMN HEALTHCARE                                                                 | AMN HEALTHCARE 4% 04/15/2029 144A                                                                     | CUSIP: 00175PAC7<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |    216000 | PA      | $205754.86    | 0.27%             | 2029-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                                          | MOLINA HEALTHCARE INC 3.875% 11/15/2030 144A                                                          | CUSIP: 60855RAK6<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    332000 | PA      | $306717.37    | 0.40%             | 2030-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO/THE                                                                | CHEMOURS CO/THE 5.75% 11/15/2028 144A                                                                 | CUSIP: 163851AF5<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    417000 | PA      | $404718.60    | 0.53%             | 2028-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES                                                             | LUMEN TECHNOLOGIES 4.5% 01/15/2029 144A                                                               | CUSIP: 156700BD7<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |      7000 | PA      | $6486.90      | 0.01%             | 2029-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                                             | CNX RESOURCES CORP 6% 01/15/2029 144A                                                                 | CUSIP: 12653CAJ7<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    190000 | PA      | $190713.07    | 0.25%             | 2029-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| C AND S GROUP ENTERPRISES LLC                                                  | C AND S GROUP ENTERPRISES LLC 5% 12/15/2028 144A                                                      | CUSIP: 12467AAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     76000 | PA      | $70590.72     | 0.09%             | 2028-12-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                                                            | LBM ACQUISITION LLC 6.25% 01/15/2029 144A                                                             | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |     50000 | PA      | $44725.95     | 0.06%             | 2029-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| TALLGRASS ENERGY PARTNERS LP / TALLGRASS ENERGY FINANCE CORP                   | TALLGRASS ENERGY PARTNERS LP / TALLGRASS ENERGY FINANCE CORP 6% 12/31/2030 144A                       | CUSIP: 87470LAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1039000 | PA      | $1035536.60   | 1.37%             | 2030-12-31      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| REALOGY GROUP LLC / REALOGY CO-ISSUER CORP                                     | REALOGY GROUP LLC / REALOGY CO-ISSUER CORP 5.75% 01/15/2029 144A                                      | CUSIP: 75606DAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $115406.96    | 0.15%             | 2029-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                          | LEVEL 3 FINANCING INC 3.75% 07/15/2029 144A                                                           | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    147000 | PA      | $129878.16    | 0.17%             | 2029-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING CO INC                                               | HILTON DOMESTIC OPERATING CO INC 3.625% 02/15/2032 144A                                               | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   1390000 | PA      | $1291703.51   | 1.70%             | 2032-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CHS/CMNTY HEALTH SYSTEMS INC                                                   | CHS/CMNTY HEALTH SYSTEMS INC 4.75% 02/15/2031 144A                                                    | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    745000 | PA      | $666506.35    | 0.88%             | 2031-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                                                    | ASURION TERM B3 2LN 01/31/2028                                                                        | CUSIP: 04649VAZ3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    120000 | PA      | $114675.60    | 0.15%             | 2028-01-31      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| GLOBAL PARTNERS LP / GLP FIN CORP                                              | GLOBAL PARTNERS LP / GLP FIN CORP 6.875% 01/15/2029                                                   | CUSIP: 37954FAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    491000 | PA      | $496942.08    | 0.66%             | 2029-01-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CONSTANT CONTACT INC                                                           | CONSTANT CONTACT INC TERM B 2LN 02/12/2029                                                            | CUSIP: 21031HAE1<br>LEI: 2549000JW50H0AI5B946 | Long             | LON              | CORP              | US        |     11000 | PA      | $9704.86      | 0.01%             | 2029-02-12      | Variable      | 0.12%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPERATING CO LLC / GD FINANCE CO INC                                  | GO DADDY OPERATING CO LLC / GD FINANCE CO INC 3.5% 03/01/2029 144A                                    | CUSIP: 38016LAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    790000 | PA      | $756034.50    | 1.00%             | 2029-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TTM TECHNOLOGIES INC                                                           | TTM TECHNOLOGIES INC 4% 03/01/2029 144A                                                               | CUSIP: 87305RAK5<br>LEI: 549300SC4BDOIS008048 | Long             | DBT              | CORP              | US        |     64000 | PA      | $61987.80     | 0.08%             | 2029-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SPIN HOLDCO INC                                                                | CSC SERVICEWORKS TERM B 1LN 03/04/2028                                                                | CUSIP: 84850XAK8<br>LEI: 549300QAS44U2GUXGK45 | Long             | LON              | CORP              | US        |    427077 | PA      | $347641.02    | 0.46%             | 2028-03-04      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                              | POST HLDGS INC 4.5% 09/15/2031 144A                                                                   | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    606000 | PA      | $571436.43    | 0.75%             | 2031-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LIQUID TELECOMMUNICATIONS FINANCING PLC                                        | LIQUID TELECOMMUNICATIONS FINANCING PLC 5.5% 09/04/2026 144A                                          | CUSIP: 536333AB3<br>LEI: 635400MXAVJRJJCWVI87 | Long             | DBT              | CORP              | GB        |    227000 | PA      | $207589.23    | 0.27%             | 2026-09-04      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING FINANCE USA LLC/ARDAGH METAL PACKAGING FINANCE PLC      | ARDAGH METAL PACKAGING FINANCE USA LLC/ARDAGH METAL PACKAGING FINANCE PLC 4% 09/01/2029 144A          | CUSIP: 03969YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    245000 | PA      | $228031.20    | 0.30%             | 2029-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| KOSMOS ENERGY LTD                                                              | KOSMOS ENERGY LTD 7.5% 03/01/2028 144A                                                                | CUSIP: 500688AD8<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |      8000 | PA      | $5520.00      | 0.01%             | 2028-03-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| TRONOX INC                                                                     | TRONOX INC 4.625% 03/15/2029 144A                                                                     | CUSIP: 897051AC2<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |    201000 | PA      | $129835.99    | 0.17%             | 2029-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OWENS and MINOR INC                                                            | OWENS and MINOR INC 4.5% 03/31/2029 144A                                                              | CUSIP: 690732AF9<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |     64000 | PA      | $45260.60     | 0.06%             | 2029-03-31      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CONSTANT CONTACT INC                                                           | CONSTANT CONTACT TERM B 1LN 02/10/2028                                                                | CUSIP: 21031HAC5<br>LEI: 2549000JW50H0AI5B946 | Long             | LON              | CORP              | US        |    109229 | PA      | $104352.92    | 0.14%             | 2028-02-10      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                                                        | SENSATA TECHNOLOGIES BV 4% 04/15/2029 144A                                                            | CUSIP: 81725WAK9<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |     38000 | PA      | $37103.39     | 0.05%             | 2029-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| YUM BRANDS INC                                                                 | YUM BRANDS INC 4.625% 01/31/2032                                                                      | CUSIP: 988498AP6<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    957000 | PA      | $942300.96    | 1.24%             | 2032-01-31      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| REDFIN CORPORATION                                                             | REDFIN CORP CONV 0.5% 04/01/2027                                                                      | CUSIP: 75737FAE8<br>LEI: 549300HXWD3JEMZU3O57 | Long             | DBT              | CORP              | US        |    156000 | PA      | $145548.00    | 0.19%             | 2027-04-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING BRANDS INC                                                | CORNERSTONE BUILDING BRANDS TERM B 04/12/2028                                                         | CUSIP: 72431HAD2<br>LEI: 549300IW41QEWQ6T0H29 | Long             | LON              | CORP              | US        |     34909 | PA      | $27692.31     | 0.04%             | 2028-04-12      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ORGANON and CO / ORGANON FOREIGN DEBT CO-ISSUER BV                             | ORGANON and CO / ORGANON FOREIGN DEBT CO-ISSUER BV 5.125% 04/30/2031 144A                             | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    669000 | PA      | $560257.26    | 0.74%             | 2031-04-30      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                             | ALLY FINL INC 4.7%/VAR PERP                                                                           | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EP               | CORP              | US        |     70000 | PA      | $68554.36     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| HERENS US HOLDCO CORP                                                          | LONZA SPECIALTY INGREDIENTS TERM B 1LN 07/03/2028                                                     | CUSIP: N/A<br>LEI: 549300Y0CIXN5D40L888       | Long             | LON              | CORP              | US        |    258827 | PA      | $229758.36    | 0.30%             | 2028-07-03      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| STONEMOR INC                                                                   | STONEMOR INC 8.5% 05/15/2029 144A                                                                     | CUSIP: 86184WAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    186000 | PA      | $181625.71    | 0.24%             | 2029-05-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| HERENS HOLDCO SARL                                                             | HERENS HOLDCO SARL 4.75% 05/15/2028 144A                                                              | CUSIP: 427169AA5<br>LEI: 2221002FZ55AMAUX4G64 | Long             | DBT              | CORP              | LU        |    125000 | PA      | $108747.56    | 0.14%             | 2028-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                               | CSC HOLDINGS LLC 4.5% 11/15/2031 144A                                                                 | CUSIP: 126307BH9<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    210000 | PA      | $118730.96    | 0.16%             | 2031-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MAJORDRIVE HOLDINGS IV LLC                                                     | CLUB CAR TERM 1LN 06/01/2028                                                                          | CUSIP: 56085UAB9<br>LEI: 25490044R1FR5N8FIT62 | Long             | LON              | CORP              | US        |    110000 | PA      | $98327.90     | 0.13%             | 2028-06-01      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| CHS/CMNTY HEALTH SYSTEMS INC                                                   | CHS/CMNTY HEALTH SYSTEMS INC 6.125% 04/01/2030 144A                                                   | CUSIP: 12543DBL3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    133000 | PA      | $110512.07    | 0.15%             | 2030-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| TULLOW OIL PLC                                                                 | TULLOW OIL PLC 10.25% 05/15/2026 144A                                                                 | CUSIP: 899415AG8<br>LEI: 2138003EYHWO75RKS857 | Long             | DBT              | CORP              | GB        |    165000 | PA      | $119159.70    | 0.16%             | 2026-05-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| MAJORDRIVE HOLDINGS IV LLC                                                     | MAJORDRIVE HOLDINGS IV LLC 6.375% 06/01/2029 144A                                                     | CUSIP: 56085RAA8<br>LEI: 25490044R1FR5N8FIT62 | Long             | DBT              | CORP              | US        |    110000 | PA      | $74800.00     | 0.10%             | 2029-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ON SEMICONDUCTOR CORP                                                          | ON SEMICONDUCTOR CORP CONV 0% 05/01/2027                                                              | CUSIP: 682189AS4<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |     57000 | PA      | $65540.18     | 0.09%             | 2027-05-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ATKORE INC                                                                     | ATKORE INC 4.25% 06/01/2031 144A                                                                      | CUSIP: 047649AA6<br>LEI: 52990002TI38AM4RPV48 | Long             | DBT              | CORP              | US        |    185000 | PA      | $178248.65    | 0.24%             | 2031-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                                      | BLOCK INC 3.5% 06/01/2031                                                                             | CUSIP: 852234AP8<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    720000 | PA      | $675402.84    | 0.89%             | 2031-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AMERICAN ROCK SALT CO LLC                                                      | AMERICAN ROCK SALT TERM 1LN 6/9/2028                                                                  | CUSIP: 02932JAP2<br>LEI: 549300FBKBNV4GSVVR46 | Long             | LON              | CORP              | US        |      4910 | PA      | $3728.75      | 0.00%             | 2028-06-09      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| POLARIS NEWCO LLC                                                              | SOLERA TERM B 1LN 06/02/2028                                                                          | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |     49612 | PA      | $46686.26     | 0.06%             | 2028-06-02      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                           | ONEMAIN FINANCE CORP 3.5% 01/15/2027                                                                  | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24673.94     | 0.03%             | 2027-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TGP HOLDINGS III LLC                                                           | TRAEGER GRILLS TERM B 1LN 06/29/2028                                                                  | CUSIP: 87251RAK9<br>LEI: 549300LURVM6CQ1MNO41 | Long             | LON              | CORP              | US        |    148917 | PA      | $139123.02    | 0.18%             | 2028-06-29      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ELASTIC NV                                                                     | ELASTIC NV 4.125% 07/15/2029 144A                                                                     | CUSIP: 28415LAA1<br>LEI: 2549003I48WHHH937I59 | Long             | DBT              | CORP              | NL        |    112000 | PA      | $108013.72    | 0.14%             | 2029-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST INC                                                    | STARWOOD PPTY TR INC 3.625% 07/15/2026 144A                                                           | CUSIP: 85571BAU9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    144000 | PA      | $142891.52    | 0.19%             | 2026-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP / SUNOCO FIN CORP                                                    | SUNOCO LP / SUNOCO FIN CORP 4.5% 05/15/2029                                                           | CUSIP: 86765LAT4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    666000 | PA      | $652735.81    | 0.86%             | 2029-05-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP INC                                                     | PERFORMANCE FOOD GROUP INC 4.25% 08/01/2029 144A                                                      | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44182.58     | 0.06%             | 2029-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC/JFIN                                                         | JEFFERIES FIN LLC/JFIN 5% 08/15/2028 144A                                                             | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $90237.37     | 0.12%             | 2028-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALTICE FING SA                                                                 | ALTICE FING SA 5.75% 08/15/2029 144A                                                                  | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    195000 | PA      | $130162.50    | 0.17%             | 2029-08-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CCO HLDGS CAP CORP                                               | CCO HLDGS LLC/CAP CORP 4.25% 01/15/2034 144A                                                          | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    878000 | PA      | $743953.90    | 0.98%             | 2034-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO/THE                                                                | CHEMOURS CO/THE 4.625% 11/15/2029 144A                                                                | CUSIP: 163851AH1<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |   1163000 | PA      | $1038902.20   | 1.37%             | 2029-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                           | ONEMAIN FINANCE CORP 3.875% 09/15/2028                                                                | CUSIP: 682691AC4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    316000 | PA      | $306669.22    | 0.40%             | 2028-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MODIVCARE INC                                                                  | MODIVCARE INC 5% 10/01/2029 144A                                                                      | CUSIP: 60783XAA2<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | DBT              | CORP              | US        |     26000 | PA      | $2.60         | 0.00%             | 2029-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SUNNOVA ENERGY CORP                                                            | SUNNOVA ENERGY CORP 5.875% 09/01/2026 144A                                                            | CUSIP: 86745GAF0<br>LEI: 549300TH3GCD8YQUDR46 | Long             | DBT              | CORP              | US        |    179000 | PA      | $447.50       | 0.00%             | 2026-09-01      | Fixed         | 0.06%                 | No            |                  3 | On Loan: No      |
| TALLGRASS ENERGY PARTNERS LP / TALLGRASS ENERGY FINANCE CORP                   | TALLGRASS ENERGY PARTNERS LP / TALLGRASS ENERGY FINANCE CORP 6% 09/01/2031 144A                       | CUSIP: 87470LAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    772000 | PA      | $763003.11    | 1.01%             | 2031-09-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                                                     | CARVANA CO 4.875% 09/01/2029 144A                                                                     | CUSIP: 146869AH5<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23187.50     | 0.03%             | 2029-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ENSTALL GROUP BV                                                               | ESDEC SOLAR TERM B 1LN 8/30/2028                                                                      | CUSIP: N/A<br>LEI: 724500UTJRTIU7878U15       | Long             | LON              | CORP              | NL        |    169258 | PA      | $80397.54     | 0.11%             | 2028-08-30      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                                  | DISH DBS CORP 5.125% 06/01/2029                                                                       | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    136000 | PA      | $115105.99    | 0.15%             | 2029-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                                        | ATI INC 4.875% 10/01/2029                                                                             | CUSIP: 01741RAL6<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    328000 | PA      | $327307.20    | 0.43%             | 2029-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CNX MIDSTREAM PARTNERS LP                                                      | CNX MIDSTREAM PARTNERS LP 4.75% 04/15/2030 144A                                                       | CUSIP: 12654AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    563000 | PA      | $539991.15    | 0.71%             | 2030-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                  | TRANSDIGM INC 4.875% 05/01/2029                                                                       | CUSIP: 893647BQ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     97000 | PA      | $96392.69     | 0.13%             | 2029-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSHIP LP / MPT FIN CORP                                         | MPT OPER PARTNERSHIP LP/CORP 0.993% 10/15/2026                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    100000 | PA      | $110697.70    | 0.15%             | 2026-10-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FINANCE SA                                                 | CONSOLIDATED ENERGY FINANCE SA 5.625% 10/15/2028 144A                                                 | CUSIP: 20914UAF3<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |     30000 | PA      | $20820.00     | 0.03%             | 2028-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI FIBER HOLDINGS INC / CSL CAPITAL LLC                    | UNITI GRP/UNITI HLD/CSL 6% 01/15/2030 144A                                                            | CUSIP: 91327AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $73780.30     | 0.10%             | 2030-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                                                 | AIR LEASE CORP 4.125%/VAR PERP                                                                        | CUSIP: 00912XBK9<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EP               | CORP              | US        |    190000 | PA      | $183973.41    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| KOSMOS ENERGY LTD                                                              | KOSMOS ENERGY LTD 7.75% 05/01/2027 144A                                                               | CUSIP: 500688AF3<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |     46000 | PA      | $40250.00     | 0.05%             | 2027-05-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                           | EDISON INTERNATIONAL 5%/VAR PERP                                                                      | CUSIP: 281020AT4<br>LEI: 549300I7ROF15MAEVP56 | Long             | EP               | CORP              | US        |     75000 | PA      | $74541.57     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                                  | DISH DBS CORP 5.25% 12/01/2026 144A                                                                   | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $9769.33      | 0.01%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KOBE US MIDCO 2 INC                                                            | KOBE US MIDCO 2 INC PIK VAR 11/01/2026 144A                                                           | CUSIP: 499894AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    121992 | PA      | $106438.02    | 0.14%             | 2026-11-01      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORPORATION                                                          | OPEN TEXT CORPORATION 3.875% 12/01/2029 144A                                                          | CUSIP: 683715AD8<br>LEI: 549300UQROQS42RKHM85 | Long             | DBT              | CORP              | CA        |    379000 | PA      | $359416.01    | 0.47%             | 2029-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT HOLDINGS INC                                                         | OPEN TEXT HOLDINGS INC 4.125% 12/01/2031 144A                                                         | CUSIP: 683720AC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $176622.06    | 0.23%             | 2031-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CANACOL ENERGY LTD                                                             | CANACOL ENERGY LTD 5.75% 11/24/2028 144A                                                              | CUSIP: 134808AD6<br>LEI: 549300X5MNRWPMSM9N14 | Long             | DBT              | CORP              | CA        |    376000 | PA      | $68620.00     | 0.09%             | 2028-11-24      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| REWORLD HLDG CORP                                                              | REWORLD HLDG CORP 4.875% 12/01/2029 144A                                                              | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |   1118000 | PA      | $1059423.51   | 1.40%             | 2029-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                                                                | IHS HOLDING LTD 5.625% 11/29/2026 144A                                                                | CUSIP: 44963HAA3<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |     68000 | PA      | $67503.60     | 0.09%             | 2026-11-29      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                                                                | IHS HOLDING LTD 6.25% 11/29/2028 144A                                                                 | CUSIP: 44963HAB1<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |     26000 | PA      | $25837.50     | 0.03%             | 2028-11-29      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CALUMET SPECIALTY PRODS PARTNERS LP / CALUMET FIN CORP                         | CALUMET SPEC PROD PRT/FIN CORP 8.125% 01/15/2027 144A                                                 | CUSIP: 131477AV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     36000 | PA      | $35889.29     | 0.05%             | 2027-01-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CCO HLDGS CAP CORP                                               | CCO HLDGS LLC/CAP CORP 4.75% 02/01/2032 144A                                                          | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     67000 | PA      | $61561.96     | 0.08%             | 2032-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHS/CMNTY HEALTH SYSTEMS INC                                                   | CHS/CMNTY HEALTH SYSTEMS INC 5.25% 05/15/2030 144A                                                    | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    242000 | PA      | $228616.28    | 0.30%             | 2030-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PEDIATRIX MEDICAL GROUP INC                                                    | PEDIATRIX MEDICAL GROUP INC 5.375% 02/15/2030 144A                                                    | CUSIP: 58502BAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    415000 | PA      | $416176.53    | 0.55%             | 2030-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES HOLDINGS LP/SCIENTIFIC GAMES US FINCO INC                     | SCIENTIFIC GAMES HOLDINGS LP/SCIENTIFIC GAMES US FINCO INC 6.625% 03/01/2030 144A                     | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    181000 | PA      | $159823.89    | 0.21%             | 2030-03-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| HEXION INC                                                                     | HEXION TERM 2LN 03/15/2030                                                                            | CUSIP: 42829JAB5<br>LEI: 54930030FZF8HYAEHM46 | Long             | LON              | CORP              | US        |      8529 | PA      | $8310.89      | 0.01%             | 2030-03-15      | Variable      | 0.11%                 | No            |                  2 | On Loan: No      |
| OWENS and MINOR INC                                                            | OWENS and MINOR INC 6.625% 04/01/2030 144A                                                            | CUSIP: 690732AG7<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |    328000 | PA      | $210348.40    | 0.28%             | 2030-04-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| WARNER BROS DISCOVERY INC                                                      | WARNER BROS DISCOVERY INC                                                                             | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |      4800 | NS      | $115200.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TENET HEALTHCARE CORP                                                          | TENET HEALTHCARE CORP 6.125% 06/15/2030                                                               | CUSIP: 88033GDQ0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     80000 | PA      | $81771.28     | 0.11%             | 2030-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ADVANCED DRAIN SYS INC DEL                                                     | ADVANCED DRAIN SYS INC DEL 6.375% 06/15/2030 144A                                                     | CUSIP: 00790RAB0<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |     95000 | PA      | $96853.83     | 0.13%             | 2030-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| COGENT COMMUNICATIONS GROUP INC / COGENT COMMUNICATIONS FINANCE INC            | COGENT COMMUNICATIONS GROUP INC / COGENT COMMUNICATIONS FINANCE INC 7% 06/15/2027 144A                | CUSIP: 19240CAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    121000 | PA      | $119834.20    | 0.16%             | 2027-06-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                                   | UNIVISION COMMUNICATIONS INC 7.375% 06/30/2030 144A                                                   | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    350000 | PA      | $355052.25    | 0.47%             | 2030-06-30      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                                                   | ENTEGRIS INC 5.95% 06/15/2030 144A                                                                    | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    802000 | PA      | $821019.43    | 1.08%             | 2030-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CELANESE US HLDGS LLC                                                          | CELANESE US HLDGS LLC VAR 07/15/2032                                                                  | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     91000 | PA      | $92839.38     | 0.12%             | 2032-07-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| CAMELOT RETURN MERGER SUB INC                                                  | CAMELOT RETURN MERGER SUB INC 8.75% 08/01/2028 144A                                                   | CUSIP: 13323NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    285000 | PA      | $238331.28    | 0.31%             | 2028-08-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING BRANDS INC                                                | CORNERSTONE BUILDING PRODUCTS TERM 1LN 08/01/2028                                                     | CUSIP: 21925FAB0<br>LEI: 549300IW41QEWQ6T0H29 | Long             | LON              | CORP              | US        |     10972 | PA      | $8722.57      | 0.01%             | 2028-08-01      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                                                | GEN DIGITAL INC 7.125% 09/30/2030 144A                                                                | CUSIP: 668771AL2<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    586000 | PA      | $606018.93    | 0.80%             | 2030-09-30      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                                             | CNX RESOURCES CORP 7.375% 01/15/2031 144A                                                             | CUSIP: 12653CAK4<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    114000 | PA      | $118343.29    | 0.16%             | 2031-01-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                                           | NEPTUNE BIDCO US INC 9.29% 04/15/2029 144A                                                            | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    321000 | PA      | $318592.50    | 0.42%             | 2029-04-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                                           | NIELSEN HOLDINGS TERM B 1LN 04/11/2029                                                                | CUSIP: 64069JAC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |     44543 | PA      | $43414.43     | 0.06%             | 2029-04-11      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| ALTICE FING SA                                                                 | ALTICE FINANCING TERM B 1LN 10/31/2027                                                                | CUSIP: N/A<br>LEI: 549300DIYGW8HVDF7Q17       | Long             | LON              | CORP              | LU        |      4987 | PA      | $3665.58      | 0.00%             | 2027-10-31      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| RAND PARENT LLC                                                                | RAND PARENT LLC 8.5% 02/15/2030 144A                                                                  | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    285000 | PA      | $294090.36    | 0.39%             | 2030-02-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                           | EDISON INTERNATIONAL 8.125%/VAR 06/15/2053                                                            | CUSIP: 281020AX5<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    154000 | PA      | $159024.87    | 0.21%             | 2053-06-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                                      | UST NOTES 3.75% 05/31/2030                                                                            | CUSIP: 91282CHF1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     36000 | PA      | $36244.69     | 0.05%             | 2030-05-31      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FORTREA HOLDINGS INC                                                           | FORTREA HOLDINGS INC 7.5% 07/01/2030 144A                                                             | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |     49000 | PA      | $49186.40     | 0.06%             | 2030-07-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CALUMET SPECIALTY PRODS PARTNERS LP / CALUMET FIN CORP                         | CALUMET SPEC PROD PRT/FIN CORP 9.75% 07/15/2028 144A                                                  | CUSIP: 131477AW1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    207000 | PA      | $206788.86    | 0.27%             | 2028-07-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                                           | NIELSEN HOLDINGS TERM A 1LN 10/11/2028                                                                | CUSIP: 64069JAF9<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |      5000 | PA      | $4872.15      | 0.01%             | 2028-10-11      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| BRAND INDUSTRIAL SERVICES INC                                                  | BRAND INDUSTRIAL SERVICES INC 10.375% 08/01/2030 144A                                                 | CUSIP: 104931AA8<br>LEI: 549300B658W2BPDQMW42 | Long             | DBT              | CORP              | US        |   1086000 | PA      | $1064993.39   | 1.40%             | 2030-08-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                                        | ATI INC 7.25% 08/15/2030                                                                              | CUSIP: 01741RAN2<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |     83000 | PA      | $87630.59     | 0.12%             | 2030-08-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CELANESE US HLDGS LLC                                                          | CELANESE US HLDGS LLC VAR 11/15/2030                                                                  | CUSIP: 15089QAX2<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72561.23     | 0.10%             | 2030-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| CELANESE US HLDGS LLC                                                          | CELANESE US HLDGS LLC VAR 11/15/2033                                                                  | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52217.60     | 0.07%             | 2033-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ANYWHERE REAL ESTATE GROUP LLC / ANYWHERE CO-ISSUER CORP                       | ANYWHERE REAL ESTATE GROUP LLC / ANYWHERE CO-ISSUER CORP 7% 04/15/2030 144A                           | CUSIP: 75606DAS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    122000 | PA      | $122516.43    | 0.16%             | 2030-04-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                                                     | CARVANA CO PIK VAR 06/01/2030 144A                                                                    | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    195847 | PA      | $205357.72    | 0.27%             | 2030-06-01      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| CLUE OPCO LLC                                                                  | CLUE OPCO LLC 9.5% 10/15/2031 144A                                                                    | CUSIP: 36267QAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     27000 | PA      | $27956.04     | 0.04%             | 2031-10-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| GRAN TIERRA ENERGY INC                                                         | GRAN TIERRA ENERGY INC 9.5% 10/15/2029 144A                                                           | CUSIP: 38500TAC5<br>LEI: 549300IH2S17MAIUCM32 | Long             | DBT              | CORP              | US        |    123000 | PA      | $90866.25     | 0.12%             | 2029-10-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| INEOS US PETROCHEM LLC                                                         | INEOS QUATTRO TERM B 1LN 04/02/2029                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    144785 | PA      | $110543.20    | 0.15%             | 2029-04-02      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| PG and E CORP                                                                  | PG and E CORP CONV 4.25% 12/01/2027                                                                   | CUSIP: 69331CAL2<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    114000 | PA      | $116907.00    | 0.15%             | 2027-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY OPERATING PARTNERS LP                                           | NEXTERA ENERGY OPERATING PARTNERS LP 7.25% 01/15/2029 144A                                            | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     91000 | PA      | $93259.53     | 0.12%             | 2029-01-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                           | EDISON INTERNATIONAL 7.875%/VAR 06/15/2054                                                            | CUSIP: 281020AZ0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    271000 | PA      | $281857.07    | 0.37%             | 2054-06-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                                                 | CVR ENERGY INC 8.5% 01/15/2029 144A                                                                   | CUSIP: 12662PAF5<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |    280000 | PA      | $287971.88    | 0.38%             | 2029-01-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| CHAMPIONS FINANCING INC                                                        | CHAMPIONS FINANCING INC 8.75% 02/15/2029 144A                                                         | CUSIP: 15870LAA6<br>LEI: 391200ZDD75EGEUJ7625 | Long             | DBT              | CORP              | US        |     89000 | PA      | $88716.21     | 0.12%             | 2029-02-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| ARTERA SERVICES LLC                                                            | ARTERA SERVICES LLC 8.5% 02/15/2031 144A                                                              | CUSIP: 04302XAA2<br>LEI: 549300J2G34D0WX8Z443 | Long             | DBT              | CORP              | US        |    695000 | PA      | $600790.18    | 0.79%             | 2031-02-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FINANCE SA                                                 | CONSOLIDATED ENERGY FINANCE SA 12% 02/15/2031 144A                                                    | CUSIP: 20914UAH9<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    135000 | PA      | $91800.00     | 0.12%             | 2031-02-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| AMBIPAR LUX SARL                                                               | AMBIPAR LUX SARL 9.875% 02/06/2031 144A                                                               | CUSIP: 02319WAA9<br>LEI: 9845008C0E14F9BDEK55 | Long             | DBT              | CORP              | LU        |    266000 | PA      | $59533.46     | 0.08%             | 2031-02-06      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FINANCE SA                                                 | CONSOLIDATED ENERGY TERM B 1LN 11/15/2030                                                             | CUSIP: N/A<br>LEI: 549300PUNIS0USNSL750       | Long             | LON              | CORP              | LU        |     69848 | PA      | $55704.01     | 0.07%             | 2030-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                                      | UST NOTES 4% 02/15/2034                                                                               | CUSIP: 91282CJZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     72000 | PA      | $72568.12     | 0.10%             | 2034-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CANO HEALTH LLC                                                                | CANO HEALTH LLC                                                                                       | CUSIP: N/A<br>LEI: 254900OGI2T8V1NXN639       | Long             | EC               | CORP              | US        |       981 | NS      | $11654.28     | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| POST HOLDINGS INC                                                              | POST HLDGS INC 6.25% 02/15/2032 144A                                                                  | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     62000 | PA      | $64019.15     | 0.08%             | 2032-02-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| AMER SPORTS CO                                                                 | AMER SPORTS CO 6.75% 02/16/2031 144A                                                                  | CUSIP: 02352NAA7<br>LEI: 549300NRKH9WF70VFC95 | Long             | DBT              | CORP              | US        |    296000 | PA      | $308580.59    | 0.41%             | 2031-02-16      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                  | TRANSDIGM INC 6.375% 03/01/2029 144A                                                                  | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28840.00     | 0.04%             | 2029-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                  | TRANSDIGM INC 6.625% 03/01/2032 144A                                                                  | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     32000 | PA      | $33259.94     | 0.04%             | 2032-03-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                                             | CNX RESOURCES CORP 7.25% 03/01/2032 144A                                                              | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    152000 | PA      | $158512.90    | 0.21%             | 2032-03-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                                                 | WHIRLPOOL CORP 5.75% 03/01/2034                                                                       | CUSIP: 963320BC9<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    143000 | PA      | $137464.96    | 0.18%             | 2034-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| RADIOLOGY PARTNERS INC                                                         | RADIOLOGY PARTNERS INC PIK VAR 02/15/2030 144A                                                        | CUSIP: 75041VAC8<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |      5500 | PA      | $5321.25      | 0.01%             | 2030-02-15      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                                       | BUILDERS FIRSTSOURCE INC 6.375% 03/01/2034 144A                                                       | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |     26000 | PA      | $27043.04     | 0.04%             | 2034-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ALTICE FING SA                                                                 | ALTICE FING SA 9.625% 07/15/2027 144A                                                                 | CUSIP: 02154CAJ2<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |     40000 | PA      | $31926.80     | 0.04%             | 2027-07-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AMER INC                                                  | UNITED RENTALS NORTH AMER INC 6.125% 03/15/2034 144A                                                  | CUSIP: 911365BR4<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |     67000 | PA      | $69974.80     | 0.09%             | 2034-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BEAZER HOMES USA INC                                                           | BEAZER HOMES USA INC 7.5% 03/15/2031 144A                                                             | CUSIP: 07556QBU8<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |    227000 | PA      | $230423.16    | 0.30%             | 2031-03-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ASTON MARTIN CAPITAL HOLDINGS LTD                                              | ASTON MARTIN CAP HLDGS LTD 10% 03/31/2029 144A                                                        | CUSIP: 04625HAJ8<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |    120000 | PA      | $106129.36    | 0.14%             | 2029-03-31      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST INC                                                    | STARWOOD PPTY TR INC 7.25% 04/01/2029 144A                                                            | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |     63000 | PA      | $66766.77     | 0.09%             | 2029-04-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| RACKSPACE FINANCE LLC                                                          | RACKSPACE FINANCE LLC 3.5% 05/15/2028 144A                                                            | CUSIP: 75008WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     12525 | PA      | $5064.32      | 0.01%             | 2028-05-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING CO INC                                               | HILTON DOMESTIC OPERATING CO INC 5.875% 04/01/2029 144A                                               | CUSIP: 432833AP6<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    246000 | PA      | $251943.85    | 0.33%             | 2029-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES                                                             | LUMEN TECHNOLOGIES 4.125% 04/15/2030 144A                                                             | CUSIP: 550241AC7<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14871.75     | 0.02%             | 2030-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING CO INC                                               | HILTON DOMESTIC OPERATING CO INC 6.125% 04/01/2032 144A                                               | CUSIP: 432833AQ4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62222.46     | 0.08%             | 2032-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                          | LEVEL 3 FINANCING INC 4.5% 04/01/2030 144A                                                            | CUSIP: 527298CD3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    102000 | PA      | $93967.50     | 0.12%             | 2030-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                          | LEVEL 3 FINANCING INC 3.875% 10/15/2030 144A                                                          | CUSIP: 527298CF8<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     82000 | PA      | $73371.14     | 0.10%             | 2030-10-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                          | LEVEL 3 FINANCING INC 4.875% 06/15/2029 144A                                                          | CUSIP: 527298CB7<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     55000 | PA      | $52387.50     | 0.07%             | 2029-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                          | LEVEL 3 FINANCING INC 4% 04/15/2031 144A                                                              | CUSIP: 527298CH4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    116000 | PA      | $102079.58    | 0.13%             | 2031-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES                                                             | LUMEN TECHNOLOGIES TERM B1 1LN 4/16/2029                                                              | CUSIP: 55024EAF2<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |      9949 | PA      | $9883.30      | 0.01%             | 2029-04-16      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES                                                             | LUMEN TECHNOLOGIES TERM B2 1LN SUPER_PRIORITY 04/15/2030                                              | CUSIP: 55024EAG0<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |     54683 | PA      | $54313.41     | 0.07%             | 2030-04-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BRAND INDUSTRIAL SERVICES INC                                                  | BRANDSAFWAY TERM B 1LN 08/01/2030                                                                     | CUSIP: 10524MAS6<br>LEI: 549300B658W2BPDQMW42 | Long             | LON              | CORP              | US        |     19787 | PA      | $17672.79     | 0.02%             | 2030-08-01      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| VALLOUREC SA                                                                   | VALLOUREC SA 7.5% 04/15/2032 144A                                                                     | CUSIP: 92023RAA8<br>LEI: 969500P2Q1B47H4MCJ34 | Long             | DBT              | CORP              | FR        |    295000 | PA      | $314076.18    | 0.41%             | 2032-04-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| US ACUTE CARE SOLUTIONS                                                        | US ACUTE CARE SOLUTIONS 9.75% 05/15/2029 144A                                                         | CUSIP: 90367UAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    179000 | PA      | $181842.16    | 0.24%             | 2029-05-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                                      | BLOCK INC 6.5% 05/15/2032                                                                             | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    701000 | PA      | $732596.17    | 0.97%             | 2032-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTL INC                                                     | GRAPHIC PACKAGING INTL INC 6.375% 07/15/2032 144A                                                     | CUSIP: 38869AAE7<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40676.18     | 0.05%             | 2032-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ORGANON and CO / ORGANON FOREIGN DEBT CO-ISSUER BV                             | ORGANON and CO / ORGANON FOREIGN DEBT CO-ISSUER BV 6.75% 05/15/2034 144A                              | CUSIP: 68622FAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $170980.34    | 0.23%             | 2034-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ORGANON and CO / ORGANON FOREIGN DEBT CO-ISSUER BV                             | ORGANON and CO / ORGANON FOREIGN DEBT CO-ISSUER BV 7.875% 05/15/2034 144A                             | CUSIP: 68622FAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    109000 | PA      | $91661.89     | 0.12%             | 2034-05-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| MKS INC                                                                        | MKS INC CONV 1.25% 06/01/2030                                                                         | CUSIP: 55306NAB0<br>LEI: 549300KEQATBHAGVF505 | Long             | DBT              | CORP              | US        |     61000 | PA      | $76780.15     | 0.10%             | 2030-06-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| INSIGHT ENTERPRISES INC                                                        | INSIGHT ENTERPRISES INC 6.625% 05/15/2032 144A                                                        | CUSIP: 45765UAC7<br>LEI: 529900S8991TYW6YP792 | Long             | DBT              | CORP              | US        |     44000 | PA      | $45045.44     | 0.06%             | 2032-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                                                    | STAPLES TERM B 1LN 9/4/2029                                                                           | CUSIP: 855031AU4<br>LEI: XQM2JINI1UL7642TU573 | Long             | LON              | CORP              | US        |     99048 | PA      | $92826.43     | 0.12%             | 2029-09-04      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                                                    | STAPLES INC 10.75% 09/01/2029 144A                                                                    | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |    163000 | PA      | $160203.07    | 0.21%             | 2029-09-01      | Fixed         | 0.11%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                                                            | US LBM TERM B 1LN 06/06/2031                                                                          | CUSIP: 50179JAH1<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |     64648 | PA      | $60823.07     | 0.08%             | 2031-06-06      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                                   | UNIVISION COMMUNICATIONS INC 8.5% 07/31/2031 144A                                                     | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   1005000 | PA      | $1039667.48   | 1.37%             | 2031-07-31      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| COGENT COMMUNICATIONS GROUP INC / COGENT COMMUNICATIONS FINANCE INC            | COGENT COMMUNICATIONS GROUP INC / COGENT COMMUNICATIONS FINANCE INC 7% 06/15/2027 144A                | CUSIP: 19240WAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    157000 | PA      | $155499.24    | 0.21%             | 2027-06-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| 1011778 B C UNLIMITED LIABILITY CO / NEW RED FIN INC                           | 1011778 BC ULC/NEW RED FIN INC 6.125% 06/15/2029 144A                                                 | CUSIP: 68245XAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     76000 | PA      | $78356.99     | 0.10%             | 2029-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                                                    | STAPLES INC 12.75% 01/15/2030 144A                                                                    | CUSIP: 855030AS1<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |    195538 | PA      | $154121.76    | 0.20%             | 2030-01-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| MODIVCARE INC                                                                  | MODIVCARE TERM B 1LN 07/01/2031                                                                       | CUSIP: 60783LAC4<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | LON              | CORP              | US        |     20281 | PA      | $8315.14      | 0.01%             | 2031-07-01      | Variable      | 0.11%                 | No            |                  2 | On Loan: No      |
| CANO HEALTH LLC                                                                | CANO HEALTH LLC WT                                                                                    | CUSIP: N/A<br>LEI: 254900OGI2T8V1NXN639       | Long             | EC               | CORP              | US        |       107 | NS      | $330.63       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| RESIDEO FUNDING INC                                                            | RESIDEO FUNDING INC 6.5% 07/15/2032 144A                                                              | CUSIP: 76119LAD3<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |    194000 | PA      | $198608.66    | 0.26%             | 2032-07-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| POLARIS NEWCO LLC                                                              | SOLERA TERM PIK TERM 2LN 06/04/2029                                                                   | CUSIP: N/A<br>LEI: 254900LEPDAG7EDOA064       | Long             | LON              | CORP              | US        |     50000 | PA      | $47000.00     | 0.06%             | 2029-06-04      | Variable      | 0.13%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                              | POST HLDGS INC 6.375% 03/01/2033 144A                                                                 | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126520.75    | 0.17%             | 2033-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                                     | DAVITA INC 6.875% 09/01/2032 144A                                                                     | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    269000 | PA      | $279902.03    | 0.37%             | 2032-09-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| DEL MONTE FOODS CORP II INC                                                    | DEL MONTE FOODS TERM 1LN SUPER_PRIORITY FIRST OUT 08/02/2028                                          | CUSIP: 24521WAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      1490 | PA      | $683.68       | 0.00%             | 2028-08-02      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| MOSS CREEK RES HLDGS INC                                                       | MOSS CREEK RES HLDGS INC 8.25% 09/01/2031 144A                                                        | CUSIP: 61965RAC9<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |    105000 | PA      | $100702.12    | 0.13%             | 2031-09-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS L P / ARCHROCK PARTNERS FIN CORP                             | ARCHROCK PARTNERS LP / FIN CORP 6.625% 09/01/2032 144A                                                | CUSIP: 03959KAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     88000 | PA      | $90615.71     | 0.12%             | 2032-09-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                           | ONEMAIN FINANCE CORP 7.125% 11/15/2031                                                                | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     68000 | PA      | $70848.72     | 0.09%             | 2031-11-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                  | TRANSDIGM INC 6% 01/15/2033 144A                                                                      | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    103000 | PA      | $105317.91    | 0.14%             | 2033-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| 1011778 B C UNLIMITED LIABILITY CO / NEW RED FIN INC                           | 1011778 BC ULC/NEW RED FIN INC 5.625% 09/15/2029 144A                                                 | CUSIP: 68245XAT6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    162000 | PA      | $165080.59    | 0.22%             | 2029-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP INC                                                     | PERFORMANCE FOOD GROUP INC 6.125% 09/15/2032 144A                                                     | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66871.48     | 0.09%             | 2032-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING CO INC                                               | HILTON DOMESTIC OPERATING CO INC 5.875% 03/15/2033 144A                                               | CUSIP: 432833AR2<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    116000 | PA      | $119612.82    | 0.16%             | 2033-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PG and E CORP                                                                  | PG and E CORP 7.375%/VAR 03/15/2055                                                                   | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    180000 | PA      | $186093.72    | 0.25%             | 2055-03-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| HAH GROUP HOLDING CO LLC                                                       | HELP AT HOME TERM 1LN 09/24/2031                                                                      | CUSIP: 40467AAN9<br>LEI: 254900FFJQHW9R90FL74 | Long             | LON              | CORP              | US        |     29850 | PA      | $26499.90     | 0.03%             | 2031-09-24      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| AMERICAN ROCK SALT CO LLC                                                      | AMERICAN ROCK SALT TERM 1LN DD 06/12/2028                                                             | CUSIP: 02932JAU1<br>LEI: 549300FBKBNV4GSVVR46 | Long             | LON              | CORP              | US        |       622 | PA      | $615.23       | 0.00%             | 2028-06-12      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| HAH GROUP HOLDING CO LLC                                                       | HAH GROUP HOLDING CO LLC 9.75% 10/01/2031 144A                                                        | CUSIP: 40518JAA7<br>LEI: 254900FFJQHW9R90FL74 | Long             | DBT              | CORP              | US        |     38000 | PA      | $35843.15     | 0.05%             | 2031-10-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| ALTAGAS LTD                                                                    | ALTAGAS LTD 7.2%/VAR 10/15/2054 144A                                                                  | CUSIP: 021361AD2<br>LEI: DR5LKEURSR8SXLM64266 | Long             | DBT              | CORP              | CA        |    265000 | PA      | $274168.74    | 0.36%             | 2054-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| TRONOX FIN LLC                                                                 | TRONOX TERM B 1LN 09/30/2031                                                                          | CUSIP: 89705DAP7<br>LEI: 549300LMZ1DX1PWSP524 | Long             | LON              | CORP              | US        |     20000 | PA      | $14895.40     | 0.02%             | 2031-09-30      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                                                    | WAYFAIR LLC 7.25% 10/31/2029 144A                                                                     | CUSIP: 94419NAA5<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |    649000 | PA      | $675120.30    | 0.89%             | 2029-10-31      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| MATIV INC                                                                      | MATIV INC 8% 10/01/2029 144A                                                                          | CUSIP: 808541AC0<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55098.23     | 0.07%             | 2029-10-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS, L.P.                                                         | ALLIANT HOLDINGS LP 10%/ 10.5% PIK PREF PERP                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     16452 | PA      | $16432.26     | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| AMERICAN ROCK SALT CO LLC                                                      | AMERICAN ROCK SALT TERM 1LN 06/12/2028                                                                | CUSIP: 02932JAT4<br>LEI: 549300FBKBNV4GSVVR46 | Long             | LON              | CORP              | US        |      2371 | PA      | $2346.15      | 0.00%             | 2028-06-12      | Variable      | 0.11%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                              | POST HLDGS INC 6.25% 10/15/2034 144A                                                                  | CUSIP: 737446AX2<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66016.73     | 0.09%             | 2034-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST INC                                                    | STARWOOD PPTY TR INC 6% 04/15/2030 144A                                                               | CUSIP: 85571BBC8<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    104000 | PA      | $107057.39    | 0.14%             | 2030-04-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                                  | ECHOSTAR CORP CPIK VAR 11/30/2030                                                                     | CUSIP: 278768AB2<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    271839 | PA      | $641288.90    | 0.85%             | 2030-11-30      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                                   | US FOODS INC 5.75% 04/15/2033 144A                                                                    | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30539.97     | 0.04%             | 2033-04-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NEW FORTRESS                                                                   | NEW FORTRESS 12% 11/15/2029 144A                                                                      | CUSIP: 62909BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    136216 | PA      | $34517.13     | 0.05%             | 2029-11-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                                                                     | TEREX CORP NEW 6.25% 10/15/2032 144A                                                                  | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |    175000 | PA      | $178668.53    | 0.24%             | 2032-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC/JFIN                                                         | JEFFERIES FIN LLC/JFIN 6.625% 10/15/2031 144A                                                         | CUSIP: 47232MAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    176000 | PA      | $171767.85    | 0.23%             | 2031-10-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                 | NRG ENERGY INC 6% 02/01/2033 144A                                                                     | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    141000 | PA      | $143988.78    | 0.19%             | 2033-02-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                 | NRG ENERGY INC 6.25% 11/01/2034 144A                                                                  | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    233000 | PA      | $240113.26    | 0.32%             | 2034-11-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                           | ONEMAIN FINANCE CORP 6.625% 05/15/2029                                                                | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    113000 | PA      | $116929.01    | 0.15%             | 2029-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CMG MEDIA CORP                                                                 | CMG MEDIA CORP 8.875% 06/18/2029 144A                                                                 | CUSIP: 125773AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     14000 | PA      | $11480.00     | 0.02%             | 2029-06-18      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                 | NRG ENERGY INC 5.75% 07/15/2029 144A                                                                  | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     62000 | PA      | $62309.19     | 0.08%             | 2029-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                                  | ECHOSTAR CORP PIK VAR 11/30/2030                                                                      | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    174559 | PA      | $181286.50    | 0.24%             | 2030-11-30      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                                                  | LGI HOMES INC 7% 11/15/2032 144A                                                                      | CUSIP: 50187TAK2<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    220000 | PA      | $215527.98    | 0.28%             | 2032-11-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                                          | MOLINA HEALTHCARE INC 6.25% 01/15/2033 144A                                                           | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    170000 | PA      | $170385.39    | 0.22%             | 2033-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                                                                | IHS HOLDING LTD 8.25% 11/29/2031 144A                                                                 | CUSIP: 44963HAD7<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |     20000 | PA      | $20740.00     | 0.03%             | 2031-11-29      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                                                                | IHS HOLDING LTD 7.875% 05/29/2030 144A                                                                | CUSIP: 44963HAC9<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |    110000 | PA      | $111925.00    | 0.15%             | 2030-05-29      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                             | ALLY FINL INC T5Y+NA 01/17/2040                                                                       | CUSIP: 02005NBY5<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    621000 | PA      | $623929.79    | 0.82%             | 2040-01-17      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                | CVS HEALTH CORP 7%/VAR 03/10/2055                                                                     | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    326000 | PA      | $342744.99    | 0.45%             | 2055-03-10      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                | CVS HEALTH CORP 6.75%/VAR 12/10/2054                                                                  | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1145000 | PA      | $1186605.87   | 1.57%             | 2054-12-10      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| HEXION HOLDINGS CORPORATION                                                    | HEXION TERM 1LN 03/15/2029                                                                            | CUSIP: 00217XAE6<br>LEI: 549300LBB370MUHGLV84 | Long             | LON              | CORP              | US        |    105000 | PA      | $102068.40    | 0.13%             | 2029-03-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| AES CORP                                                                       | AES CORP 6.95%/VAR 07/15/2055                                                                         | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |     56000 | PA      | $54629.07     | 0.07%             | 2055-07-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| RIOT PLATFORMS INC                                                             | RIOT PLATFORMS INC CONV 0.75% 01/15/2030 144A                                                         | CUSIP: 767292AA3<br>LEI: 5299005LKZAJQDQZDF73 | Long             | DBT              | CORP              | US        |    107000 | PA      | $142042.87    | 0.19%             | 2030-01-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| HORIZON US FINCO LP                                                            | THE TRAVEL CORP TERM B 1LN 10/31/2031                                                                 | CUSIP: 44057XAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    124789 | PA      | $119173.17    | 0.16%             | 2031-10-31      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST INC                                                    | STARWOOD PPTY TR INC 6.5% 07/01/2030 144A                                                             | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    162000 | PA      | $169116.66    | 0.22%             | 2030-07-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                                          | QUIKRETE HOLDINGS INC 6.375% 03/01/2032 144A                                                          | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    536000 | PA      | $556579.72    | 0.73%             | 2032-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                                          | QUIKRETE HOLDINGS INC 6.75% 03/01/2033 144A                                                           | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    107000 | PA      | $111412.36    | 0.15%             | 2033-03-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                  | CARNIVAL CORP 6.125% 02/15/2033 144A                                                                  | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    423000 | PA      | $435727.65    | 0.57%             | 2033-02-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SLM CORP                                                                       | SLM CORP 6.5% 01/31/2030                                                                              | CUSIP: 78442PGF7<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | DBT              | CORP              | US        |     71000 | PA      | $74006.14     | 0.10%             | 2030-01-31      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| RAND PARENT LLC                                                                | ATLAS AIR TERM B 1LN 03/18/2030                                                                       | CUSIP: 75223LAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     54862 | PA      | $54884.85     | 0.07%             | 2030-03-18      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS LTD                                                     | ADIENT GLOBAL HOLDINGS LTD 7.5% 02/15/2033 144A                                                       | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    206000 | PA      | $213268.30    | 0.28%             | 2033-02-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| X CORP                                                                         | TWITTER TERM B1 1LN 10/26/2029                                                                        | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    380000 | PA      | $369740.00    | 0.49%             | 2029-10-26      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| OT MIDCO INC                                                                   | OT MIDCO INC 10% 02/15/2030 144A                                                                      | CUSIP: 68877AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $43593.25     | 0.06%             | 2030-02-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                                       | SNAP INC 6.875% 03/01/2033 144A                                                                       | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28843.78     | 0.04%             | 2033-03-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                  | CARNIVAL CORP 5.75% 03/15/2030 144A                                                                   | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    120000 | PA      | $123332.04    | 0.16%             | 2030-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS LLC / SAFEWAY INC / NEW ALBERTSONS INC / ALBERTSONS LLC         | ALBERTSONS COS LLC / SAFEWAY INC / NEW ALBERTSONS INC / ALBERTSONS LLC 6.25% 03/15/2033 144A          | CUSIP: 01309QAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     66000 | PA      | $68343.73     | 0.09%             | 2033-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| WEX INC                                                                        | WEX INC 6.5% 03/15/2033 144A                                                                          | CUSIP: 96208TAD6<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | DBT              | CORP              | US        |     61000 | PA      | $62214.82     | 0.08%             | 2033-03-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| OLIN CORP                                                                      | OLIN CORP 6.625% 04/01/2033 144A                                                                      | CUSIP: 680665AN6<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    355000 | PA      | $352629.06    | 0.47%             | 2033-04-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC                                                        | NEW FORTRESS ENERGY TERM B 1LN 10/30/2028                                                             | CUSIP: N/A<br>LEI: 254900EICTYTCHA5X705       | Long             | LON              | CORP              | US        |    588124 | PA      | $262385.86    | 0.35%             | 2028-10-30      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| WALKER and DUNLOP INC                                                          | WALKER and DUNLOP INC 6.625% 04/01/2033 144A                                                          | CUSIP: 93148PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $35974.33     | 0.05%             | 2033-04-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CONNECT HOLDING II LLC                                                         | BRIGHTSPEED TERM B 1LN 10/03/2031                                                                     | CUSIP: 20752KAR4<br>LEI: 254900LCX7S2QHYUOI31 | Long             | LON              | CORP              | US        |     10786 | PA      | $7048.92      | 0.01%             | 2031-10-03      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| CONNECT HOLDING II LLC                                                         | BRIGHTSPEED TERM B-DD 1LN 04/03/2031                                                                  | CUSIP: 20752KAP8<br>LEI: 254900LCX7S2QHYUOI31 | Long             | LON              | CORP              | US        |    190000 | PA      | $167933.40    | 0.22%             | 2031-04-03      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| CELANESE US HLDGS LLC                                                          | CELANESE US HLDGS LLC 6.75% 04/15/2033                                                                | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    202000 | PA      | $201028.18    | 0.27%             | 2033-04-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CELANESE US HLDGS LLC                                                          | CELANESE US HLDGS LLC 6.5% 04/15/2030                                                                 | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     89000 | PA      | $88859.10     | 0.12%             | 2030-04-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                                                    | WAYFAIR LLC 7.75% 09/15/2030 144A                                                                     | CUSIP: 94419NAB3<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |    283000 | PA      | $301614.61    | 0.40%             | 2030-09-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| VIRIDIEN                                                                       | VIRIDIEN 10% 10/15/2030 144A                                                                          | CUSIP: 12531QAA3<br>LEI: 969500FCVQ5SLAAUJV59 | Long             | DBT              | CORP              | FR        |    170000 | PA      | $179209.75    | 0.24%             | 2030-10-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                                      | SUNOCO LP 6.25% 07/01/2033 144A                                                                       | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    545000 | PA      | $559781.87    | 0.74%             | 2033-07-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY OPERATING PARTNERS LP                                           | NEXTERA ENERGY OPERATING PARTNERS LP 8.375% 01/15/2031 144A                                           | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    250000 | PA      | $261978.25    | 0.35%             | 2031-01-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY OPERATING PARTNERS LP                                           | NEXTERA ENERGY OPERATING PARTNERS LP 8.625% 03/15/2033 144A                                           | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    135000 | PA      | $141153.30    | 0.19%             | 2033-03-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                                                 | BAUSCH HEALTH TERM B 1LN 10/08/2030                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | CA        |    583600 | PA      | $575721.40    | 0.76%             | 2030-10-08      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| DEL MONTE FOODS CORP II INC                                                    | DEL MONTE TERM FLFO B 1LN 8/2/2028                                                                    | CUSIP: 24521WAF6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |       430 | PA      | $197.18       | 0.00%             | 2028-08-02      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| BW REAL ESTATE INC                                                             | BW REAL ESTATE INC 9.5%/VAR PERP 144A                                                                 | CUSIP: 05614HAA7<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    100000 | PA      | $101976.20    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST INC                                                    | STARWOOD PPTY TR INC 6.5% 10/15/2030 144A                                                             | CUSIP: 85571BBE4<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    260000 | PA      | $271027.64    | 0.36%             | 2030-10-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ACRISURE HOLDINGS INC                                                          | ACRISURE HOLDINGS INC SER A-2 PC                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |      3085 | NS      | $82554.60     | 0.11%             |  |  |  | No            |                  3 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                                       | BUILDERS FIRSTSOURCE INC 6.75% 05/15/2035 144A                                                        | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    124000 | PA      | $130781.93    | 0.17%             | 2035-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORPORATION                                                         | FAIR ISAAC CORPORATION 6% 05/15/2033 144A                                                             | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    115000 | PA      | $118202.75    | 0.16%             | 2033-05-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOGY PTE LTD                                        | SEAGATE DATA STORAGE TECHNOLOGY PTE LTD 5.875% 07/15/2030 144A                                        | CUSIP: 81180LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |     64000 | PA      | $65900.42     | 0.09%             | 2030-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                  | CARNIVAL CORP 5.875% 06/15/2031 144A                                                                  | CUSIP: 143658BZ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    125000 | PA      | $128706.38    | 0.17%             | 2031-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CROWN AMERICAS LLC                                                             | CROWN AMERICAS LLC 5.875% 06/01/2033 144A                                                             | CUSIP: 228180AC9<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |    264000 | PA      | $270268.15    | 0.36%             | 2033-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                  | TRANSDIGM INC 6.375% 05/31/2033 144A                                                                  | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46124.82     | 0.06%             | 2033-05-31      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ENPRO INC                                                                      | ENPRO INC 6.125% 06/01/2033 144A                                                                      | CUSIP: 29355XAH0<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56815.11     | 0.07%             | 2033-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                              | HERC HOLDINGS INC 7% 06/15/2030 144A                                                                  | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     94000 | PA      | $98674.81     | 0.13%             | 2030-06-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                              | HERC HOLDINGS INC 7.25% 06/15/2033 144A                                                               | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     79000 | PA      | $83633.27     | 0.11%             | 2033-06-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                                                  | COREWEAVE INC 9.25% 06/01/2030 144A                                                                   | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |     91000 | PA      | $83957.09     | 0.11%             | 2030-06-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS IV BV                                  | TEVA PHARMACEUTICAL FINANCE NETHERLANDS IV BV 5.75% 12/01/2030                                        | CUSIP: 881937AA4<br>LEI: 549300GKSD1RG56QRY33 | Long             | DBT              | CORP              | NL        |     30000 | PA      | $31133.04     | 0.04%             | 2030-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTYS LP and RHP FIN CORP                                            | RHP HOTEL PPTYS LP and RHP FIN CORP 6.5% 06/15/2033 144A                                              | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $62350.08     | 0.08%             | 2033-06-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| AHLSTROM HOLDING 3 OY                                                          | AHLSTROM TERM B 1LN 5/23/2030                                                                         | CUSIP: 78475BAB3<br>LEI: 743700UEY0YM039XN974 | Long             | LON              | CORP              | FI        |     54862 | PA      | $54889.93     | 0.07%             | 2030-05-23      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                           | ONEMAIN FINANCE CORP 7.125% 09/15/2032                                                                | CUSIP: 682691AK6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46604.97     | 0.06%             | 2032-09-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| NEW FLYER HOLDINGS INC                                                         | NEW FLYER HOLDINGS INC 9.25% 07/01/2030 144A                                                          | CUSIP: 64438WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     24000 | PA      | $25704.43     | 0.03%             | 2030-07-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                                      | IQVIA INC 6.25% 06/01/2032 144A                                                                       | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    256000 | PA      | $267767.04    | 0.35%             | 2032-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| RIVIAN HOLDCO and RIVIAN LLC and RIVIAN AUTOMOTIVE LLC                         | RIVIAN HOLDCO and RIVIAN LLC and RIVIAN AUTOMOTIVE LLC 10% 01/15/2031 144A                            | CUSIP: 76954LAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $43116.19     | 0.06%             | 2031-01-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| X AI LLC                                                                       | X.AI TERM B 1LN 06/28/2030                                                                            | CUSIP: 98402XAC9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    175000 | PA      | $168969.50    | 0.22%             | 2030-06-28      | Variable      | 0.11%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                                                 | WHIRLPOOL CORP 6.125% 06/15/2030                                                                      | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    241000 | PA      | $243423.26    | 0.32%             | 2030-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                                                 | WHIRLPOOL CORP 6.5% 06/15/2033                                                                        | CUSIP: 963320BE5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    756000 | PA      | $751265.10    | 0.99%             | 2033-06-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI GROUP FINANCE INC / CSL CAPITAL LLC                     | UNITI GROUP LP / UNITI GROUP FINANCE INC / CSL CAPITAL LLC 8.625% 06/15/2032 144A                     | CUSIP: 91327TAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $249308.07    | 0.33%             | 2032-06-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| GLOBAL PARTNERS LP / GLP FIN CORP                                              | GLOBAL PARTNERS LP / GLP FIN CORP 7.125% 07/01/2033 144A                                              | CUSIP: 37954FAL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    232000 | PA      | $235631.73    | 0.31%             | 2033-07-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                          | LEVEL 3 FINANCING INC 6.875% 06/30/2033 144A                                                          | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    781500 | PA      | $795869.44    | 1.05%             | 2033-06-30      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| SIZZLING PLATTER LLC                                                           | SIZZLING PLATTER TERM 1LN 07/02/2032                                                                  | CUSIP: N/A<br>LEI: 549300440PU6D6ZUIR97       | Long             | LON              | CORP              | US        |     41828 | PA      | $39753.91     | 0.05%             | 2032-07-02      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| SIZZLING PLATTER LLC                                                           | SIZZLING PLATTER TERM DD 1LN 06/25/2032                                                               | CUSIP: 84862VAD4<br>LEI: 549300440PU6D6ZUIR97 | Long             | LON              | CORP              | US        |      3172 | PA      | $3014.99      | 0.00%             | 2032-07-02      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| REALOGY GROUP LLC / REALOGY CO-ISSUER CORP                                     | REALOGY GROUP LLC / REALOGY CO-ISSUER CORP 9.75% 04/15/2030 144A                                      | CUSIP: 75606DAV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     87000 | PA      | $94512.89     | 0.12%             | 2030-04-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| GPD COS INC                                                                    | GPD COS INC PIK 12.5% 12/31/2029 144A                                                                 | CUSIP: 36260VAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     48468 | PA      | $26329.64     | 0.03%             | 2029-12-31      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| SGUS LLC                                                                       | SGUS LLC 11% 12/15/2029 144A                                                                          | CUSIP: 81880AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     83813 | PA      | $67918.36     | 0.09%             | 2029-12-15      | Fixed         | 0.11%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO LLC                                                    | BEACH ACQUISITION BIDCO LLC PIK VAR 07/15/2033 144A                                                   | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    120000 | PA      | $129857.64    | 0.17%             | 2033-07-15      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| TELUS CORPORATION                                                              | TELUS CORPORATION 6.625%/VAR 10/15/2055                                                               | CUSIP: 87971MCL5<br>LEI: 894500WE70KKZRQMBU11 | Long             | DBT              | CORP              | CA        |     71000 | PA      | $72763.55     | 0.10%             | 2055-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| TELUS CORPORATION                                                              | TELUS CORPORATION 7%/VAR 10/15/2055                                                                   | CUSIP: 87971MCM3<br>LEI: 894500WE70KKZRQMBU11 | Long             | DBT              | CORP              | CA        |     36000 | PA      | $37579.68     | 0.05%             | 2055-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| LFS TOPCO LLC                                                                  | LFS TOPCO LLC 8.75% 07/15/2030 144A                                                                   | CUSIP: 50203TAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $136882.55    | 0.18%             | 2030-07-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| AXIAN TELECOM HOLDING and MANAGEMENT LTD                                       | AXIAN TELECOM HOLDING and MANAGEMENT LTD 7.25% 07/11/2030 144A                                        | CUSIP: 05465QAA7<br>LEI: 984500B7DCD97EB04857 | Long             | DBT              | CORP              | AE        |     60000 | PA      | $60618.60     | 0.08%             | 2030-07-11      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| GOLAR LNG LTD                                                                  | GOLAR LNG LTD CONV 2.75% 12/15/2030 144A                                                              | CUSIP: 38046YAC5<br>LEI: 213800C2VSFZG3EZLO34 | Long             | DBT              | CORP              | BM        |     76000 | PA      | $73106.00     | 0.10%             | 2030-12-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                       | WARNERMEDIA HOLDINGS INC 5.05% 03/15/2042                                                             | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    110000 | PA      | $87985.70     | 0.12%             | 2042-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DEL MONTE FOODS CORP II INC                                                    | DEL MONTE FOODS CORP II INC TERM TLB DIP ROLLUP 03/30/2026                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      4850 | PA      | $3928.74      | 0.01%             | 2026-03-30      | Variable      | 0.14%                 | No            |                  3 | On Loan: No      |
| DEL MONTE FOODS CORP II INC                                                    | DEL MONTE FOODS CORP II INC PIK TERM TLA DIP 03/30/2026                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      3686 | PA      | $3510.93      | 0.00%             | 2026-03-30      | Variable      | 0.14%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS LLC                                                   | DISCOVERY COMMUNICATIONS LLC 6.35% 06/01/2040                                                         | CUSIP: 25470DBZ1<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |     83000 | PA      | $74828.65     | 0.10%             | 2040-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                       | WARNERMEDIA HOLDINGS INC 4.279% 03/15/2032                                                            | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     27000 | PA      | $24671.25     | 0.03%             | 2032-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                       | WARNERMEDIA HOLDINGS INC 5.141% 03/15/2052                                                            | CUSIP: 55903VBU6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     25000 | PA      | $18700.00     | 0.02%             | 2052-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS LLC                                                   | DISCOVERY COMMUNICATIONS LLC 5% 09/20/2037                                                            | CUSIP: 25470DBY4<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |     33000 | PA      | $28069.80     | 0.04%             | 2037-09-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOGY PTE LTD                                        | SEAGATE DATA STORAGE TECHNOLOGY PTE LTD 5.75% 12/01/2034 144A                                         | CUSIP: 81180LAS4<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |     96000 | PA      | $98685.98     | 0.13%             | 2034-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOGY PTE LTD                                        | SEAGATE DATA STORAGE TECHNOLOGY PTE LTD 4.125% 01/15/2031 144A                                        | CUSIP: 81180LAN5<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |     40000 | PA      | $37954.32     | 0.05%             | 2031-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                  | CARNIVAL CORP 5.75% 08/01/2032 144A                                                                   | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    100000 | PA      | $102511.30    | 0.14%             | 2032-08-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLOBAL FINANCE LLC                                             | BURFORD CAPITAL GLOBAL FINANCE LLC 7.5% 07/15/2033 144A                                               | CUSIP: 12116LAG4<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    102000 | PA      | $99719.28     | 0.13%             | 2033-07-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| AECOM                                                                          | AECOM 6% 08/01/2033 144A                                                                              | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |    117000 | PA      | $120268.98    | 0.16%             | 2033-08-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| INVERSION ESCROW ISSUER LLC                                                    | INVERSION ESCROW ISSUER LLC 6.75% 08/01/2032 144A                                                     | CUSIP: 46150DAA0<br>LEI: 254900P6GHORGRVLKI95 | Long             | DBT              | CORP              | US        |    647000 | PA      | $632000.89    | 0.83%             | 2032-08-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                                                  | COREWEAVE INC 9% 02/01/2031 144A                                                                      | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    245000 | PA      | $221699.05    | 0.29%             | 2031-02-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| STRATEGY INC                                                                   | STRATEGY INC 9%/VAR PERP PFD                                                                          | CUSIP: 594972853<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EP               | CORP              | US        |       725 | NS      | $70158.25     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| C and S WHOLESALE GROCERS INC                                                  | C and S WHOLESALE GROCERS TERM B 1LN 9/20/2030                                                        | CUSIP: 12676AAB1<br>LEI: 54930093F8X1FEZBGJ91 | Long             | LON              | CORP              | US        |     55000 | PA      | $54106.25     | 0.07%             | 2030-09-20      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                                                            | US LBM TERM B 1LN 06/06/2031                                                                          | CUSIP: 50179JAK4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |     24974 | PA      | $24665.82     | 0.03%             | 2031-06-06      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| EW SCRIPPS CO                                                                  | EW SCRIPPS CO 9.875% 08/15/2030 144A                                                                  | CUSIP: 811054AH8<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75581.93     | 0.10%             | 2030-08-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| CHS/CMNTY HEALTH SYSTEMS INC                                                   | CHS/CMNTY HEALTH SYSTEMS INC 9.75% 01/15/2034 144A                                                    | CUSIP: 12543DBQ2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     55000 | PA      | $58491.35     | 0.08%             | 2034-01-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                           | ONEMAIN FINANCE CORP 6.125% 05/15/2030                                                                | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    177000 | PA      | $179845.98    | 0.24%             | 2030-05-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                                                            | LBM ACQUISITION LLC 9.5% 06/15/2031 144A                                                              | CUSIP: 52109SAB5<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |     95000 | PA      | $97918.40     | 0.13%             | 2031-06-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                          | LEVEL 3 FINANCING INC 7% 03/31/2034 144A                                                              | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    145000 | PA      | $148514.80    | 0.20%             | 2034-03-31      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FINANCIAL SERVICES INC                                                | PENNYMAC FINANCIAL SERVICES INC 6.75% 02/15/2034 144A                                                 | CUSIP: 70932MAH0<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    105000 | PA      | $108194.94    | 0.14%             | 2034-02-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                                       | SNAP INC 6.875% 03/15/2034 144A                                                                       | CUSIP: 83304AAM8<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56221.11     | 0.07%             | 2034-03-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                                      | BALL CORP 5.5% 09/15/2033                                                                             | CUSIP: 058498BA3<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |     27000 | PA      | $27508.41     | 0.04%             | 2033-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| QUIDELORTHO CORP                                                               | QUIDELORTHO TERM B 1LN 08/23/2032                                                                     | CUSIP: 74840YAH7<br>LEI: 549300YU8CMO9HF53113 | Long             | LON              | CORP              | US        |     45000 | PA      | $44761.05     | 0.06%             | 2032-08-23      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRISES LLC                                                    | SAKS GLOBAL ENTERPRISES LLC 11% 12/15/2029 144A                                                       | CUSIP: 79380MAB1<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |    155096 | PA      | $53741.26     | 0.07%             | 2029-12-15      | Fixed         | 0.11%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                  | TRANSDIGM INC 6.25% 01/31/2034 144A                                                                   | CUSIP: 893647BZ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20736.78     | 0.03%             | 2034-01-31      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                  | TRANSDIGM INC 6.75% 01/31/2034 144A                                                                   | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     90000 | PA      | $94035.57     | 0.12%             | 2034-01-31      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                                      | BLOCK INC 5.625% 08/15/2030 144A                                                                      | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     79000 | PA      | $80495.79     | 0.11%             | 2030-08-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                                      | BLOCK INC 6% 08/15/2033 144A                                                                          | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     59000 | PA      | $60637.63     | 0.08%             | 2033-08-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CONNECT HOLDING II LLC                                                         | CONNECT HOLDING II LLC 10.5% 04/03/2031 144A                                                          | CUSIP: 20753PAD3<br>LEI: 254900LCX7S2QHYUOI31 | Long             | DBT              | CORP              | US        |     45000 | PA      | $42654.88     | 0.06%             | 2031-04-03      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                                        | KODIAK GAS SERVICES LLC 6.75% 10/01/2035 144A                                                         | CUSIP: 50012LAE4<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |     69000 | PA      | $70896.53     | 0.09%             | 2035-10-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                       | FORD MOTOR CREDIT CO LLC 5.73% 09/05/2030                                                             | CUSIP: 345397H48<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55974.11     | 0.07%             | 2030-09-05      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                                        | KODIAK GAS SERVICES LLC 6.5% 10/01/2033 144A                                                          | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |     95000 | PA      | $96905.13     | 0.13%             | 2033-10-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| TALLGRASS ENERGY PARTNERS LP / TALLGRASS ENERGY FINANCE CORP                   | TALLGRASS ENERGY PARTNERS LP / TALLGRASS ENERGY FINANCE CORP 6.75% 03/15/2034 144A                    | CUSIP: 87470LAM3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    188000 | PA      | $188222.22    | 0.25%             | 2034-03-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                           | ONEMAIN FINANCE CORP 6.5% 03/15/2033                                                                  | CUSIP: 682691AM2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55266.20     | 0.07%             | 2033-03-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP / CLARIOS US FINANCE CO                                      | CLARIOS GLOBAL LP / CLARIOS US FINANCE CO 6.75% 09/15/2032 144A                                       | CUSIP: 18060TAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    134000 | PA      | $137829.05    | 0.18%             | 2032-09-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                                      | SUNOCO LP 5.625% 03/15/2031 144A                                                                      | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     73000 | PA      | $73415.30     | 0.10%             | 2031-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                                      | SUNOCO LP 5.875% 03/15/2034 144A                                                                      | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     73000 | PA      | $73470.27     | 0.10%             | 2034-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NCL CORP LTD                                                                   | NCL CORP LTD 5.875% 01/15/2031 144A                                                                   | CUSIP: 62886HBY6<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    115000 | PA      | $113487.54    | 0.15%             | 2031-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NCL CORP LTD                                                                   | NCL CORP LTD 6.25% 09/15/2033 144A                                                                    | CUSIP: 62886HBZ3<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    115000 | PA      | $113623.17    | 0.15%             | 2033-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PARTNERS LP / ANTERO MIDSTREAM FINANCE CORP                   | ANTERO MIDSTREAM PARTNERS LP / ANTERO MIDSTREAM FIN CORP 5.75% 10/15/2033 144A                        | CUSIP: 03690AAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     78000 | PA      | $78385.63     | 0.10%             | 2033-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| LIGHT and WONDER INTERNATIONAL INC                                             | LIGHT and WONDER INTERNATIONAL INC 6.25% 10/01/2033 144A                                              | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90553.05     | 0.12%             | 2033-10-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| TOPBUILD CORP                                                                  | TOPBUILD CORP 5.625% 01/31/2034 144A                                                                  | CUSIP: 89055FAD5<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |    413000 | PA      | $418638.05    | 0.55%             | 2034-01-31      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE and MANUFACTURING INC                                            | AMERICAN AXLE and MFG INC 6.375% 10/15/2032 144A                                                      | CUSIP: 02406PBC3<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |     73000 | PA      | $73447.78     | 0.10%             | 2032-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE and MANUFACTURING INC                                            | AMERICAN AXLE and MFG INC 7.75% 10/15/2033 144A                                                       | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    152000 | PA      | $153511.34    | 0.20%             | 2033-10-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| FORVIA                                                                         | FORVIA 6.75% 09/15/2033 144A                                                                          | CUSIP: 31209DAC9<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |    284000 | PA      | $289118.25    | 0.38%             | 2033-09-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| WEBER-STEPHEN PRODUCTS LLC                                                     | WEBER BLACKSTONE TERM B 1LN 10/1/2032                                                                 | CUSIP: 94767KAR2<br>LEI: 549300XU8TJBBGLK8V26 | Long             | LON              | CORP              | US        |    220000 | PA      | $219632.60    | 0.29%             | 2032-10-01      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE and MANUFACTURING INC                                            | AMERICAN AXLE and MANUFACTURING TERM C 1LN 2/24/2032                                                  | CUSIP: 02406MBB2<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | LON              | CORP              | US        |     25000 | PA      | $25000.00     | 0.03%             | 2032-02-24      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INTERNATIONAL CORP                                        | SCIENCE APPLICATIONS INTERNATIONAL CORP 5.875% 11/01/2033 144A                                        | CUSIP: 808625AB3<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |    188000 | PA      | $187272.85    | 0.25%             | 2033-11-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GOLAR LNG LTD                                                                  | GOLAR LNG LTD 7.5% 10/02/2030 144A                                                                    | CUSIP: 38046YAE1<br>LEI: 213800C2VSFZG3EZLO34 | Long             | DBT              | CORP              | BM        |    115000 | PA      | $111801.85    | 0.15%             | 2030-10-02      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST INC                                                    | STARWOOD PPTY TR INC 5.25% 10/15/2028 144A                                                            | CUSIP: 85571BBF1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151025.25    | 0.20%             | 2028-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC                                                        | UNITI GROUP TERM B 1LN 10/6/2032                                                                      | CUSIP: 97381JAK9<br>LEI: 549300L3SXBFJVGRCF66 | Long             | LON              | CORP              | US        |    105000 | PA      | $104409.90    | 0.14%             | 2032-10-06      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC                                                    | ION PLATFORM FINANCE US INC 7.875% 09/30/2032 144A                                                    | CUSIP: 46205QAB4<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |     75000 | PA      | $71461.27     | 0.09%             | 2032-09-30      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC                                                        | WINDSTREAM SERVICES LLC 7.5% 10/15/2033 144A                                                          | CUSIP: 97382BAB5<br>LEI: 549300L3SXBFJVGRCF66 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111944.91    | 0.15%             | 2033-10-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                 | NRG ENERGY INC 5.75% 01/15/2034 144A                                                                  | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    212000 | PA      | $213699.60    | 0.28%             | 2034-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                 | NRG ENERGY INC 6% 01/15/2036 144A                                                                     | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     90000 | PA      | $91403.28     | 0.12%             | 2036-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORPORATION                                           | OLYMPUS WATER US HOLDING CORPORATION 7.25% 02/15/2033 144A                                            | CUSIP: 681639AE0<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    233000 | PA      | $231288.95    | 0.31%             | 2033-02-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| EF HOLDCO / EF CAYMAN HOLD / ELLINGTON FIN REIT CAYMAN/TRS / EF CAYMAN NON-MTM | EF HOLDCO / EF CAYMAN HOLD / ELLINGTON FIN REIT CAYMAN/TRS / EF CAYMAN NON-MTM 7.375% 09/30/2030 144A | CUSIP: 31574BAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $65664.69     | 0.09%             | 2030-09-30      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST INC                                                    | STARWOOD PPTY TR INC 5.75% 01/15/2031 144A                                                            | CUSIP: 85571BBG9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60980.84     | 0.08%             | 2031-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| WOLFSPEED INC/DE                                                               | WOLFSPEED INC/DE PIK VAR 06/15/2031                                                                   | CUSIP: 977852AS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     24675 | PA      | $19986.75     | 0.03%             | 2031-06-15      | Variable      | 0.12%                 | No            |                  2 | On Loan: No      |
| WOLFSPEED INC/DE                                                               | WOLFSPEED INC/DE CONV 2.5% 06/15/2031                                                                 | CUSIP: 977852AP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     19000 | PA      | $32193.13     | 0.04%             | 2031-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WOLFSPEED INC/DE                                                               | WOLFSPEED INC/DE PIK VAR 06/23/2030 144A                                                              | CUSIP: 977852AK8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15380 | PA      | $16841.10     | 0.02%             | 2030-06-23      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| GRUBHUB HOLDINGS INC                                                           | GRUBHUB HOLDINGS INC PIK 13% 07/31/2030 144A                                                          | CUSIP: 40010PAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     28245 | PA      | $23960.39     | 0.03%             | 2030-07-31      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                  | CARNIVAL CORP 5.125% 05/01/2029 144A                                                                  | CUSIP: 143658CB6<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     65000 | PA      | $65543.86     | 0.09%             | 2029-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ADT SECURITY CORP/THE                                                          | ADT SECURITY CORP/THE 5.875% 10/15/2033 144A                                                          | CUSIP: 00109LAB9<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126869.38    | 0.17%             | 2033-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                               | ALTICE FRANCE SA 6.5% 04/15/2032 144A                                                                 | CUSIP: 02090DAD0<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    406443 | PA      | $395440.27    | 0.52%             | 2032-04-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                               | ALTICE FRANCE SA 6.875% 10/15/2030 144A                                                               | CUSIP: 02090DAB4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |     84711 | PA      | $83468.95     | 0.11%             | 2030-10-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                               | ALTICE FRANCE SA 6.875% 07/15/2032 144A                                                               | CUSIP: 02090DAE8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |     50056 | PA      | $48790.30     | 0.06%             | 2032-07-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE LUX 3 / ALTICE HOLDINGS 1                                        | ALTICE FRANCE LUX 3 / ALTICE HOLDINGS 1 10% 01/15/2033 144A                                           | CUSIP: 020956AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     40400 | PA      | $38485.42     | 0.05%             | 2033-01-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| WOLFSPEED INC/DE                                                               | WOLFSPEED INC/DE CONV 2.5% 06/15/2031 144A                                                            | CUSIP: 977852AQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     14000 | PA      | $23721.25     | 0.03%             | 2031-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MODIVCARE INC                                                                  | MODIVCARE TERM DD 1LN 02/22/2026                                                                      | CUSIP: 60783LAJ9<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | LON              | CORP              | US        |      2272 | PA      | $2203.55      | 0.00%             | 2026-02-22      | Variable      | 0.11%                 | No            |                  3 | On Loan: No      |
| ALTICE FRANCE HOLDING SA                                                       | LUXCO 3                                                                                               | CUSIP: N/A<br>LEI: 5299000JVHXKJPOE6H40       | Long             | EC               | CORP              | LU        |      3726 | NS      | $56421.21     | 0.07%             |  |  |  | No            |                  3 | On Loan: No      |
| ALTICE FRANCE HOLDING SA                                                       | ALTICE FRANCE HOLDING SA CVR                                                                          | CUSIP: N/A<br>LEI: 5299000JVHXKJPOE6H40       | Long             | EC               | CORP              | LU        |       106 | NS      | $1221.36      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| DAWN BIDCO LLC                                                                 | DAWN BIDCO TERM B 1LN 10/07/2032                                                                      | CUSIP: 23923YAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     55000 | PA      | $54831.15     | 0.07%             | 2032-10-07      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                               | SFR TERM B13 1LN 05/14/2029                                                                           | CUSIP: N/A<br>LEI: 5493001ZMCICV4N02J21       | Long             | LON              | CORP              | FR        |      7681 | PA      | $7633.34      | 0.01%             | 2029-05-14      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                               | SFR TERM B14 1LN 5/31/2031                                                                            | CUSIP: N/A<br>LEI: 5493001ZMCICV4N02J21       | Long             | LON              | CORP              | FR        |     46088 | PA      | $46184.29     | 0.06%             | 2031-05-31      | Variable      | 0.11%                 | No            |                  2 | On Loan: No      |
| WULF COMPUTE LLC                                                               | WULF COMPUTE LLC 7.75% 10/15/2030 144A                                                                | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $175766.48    | 0.23%             | 2030-10-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS LLC / SAFEWAY INC / NEW ALBERTSONS INC / ALBERTSONS LLC         | ALBERTSONS COS LLC / SAFEWAY INC / NEW ALBERTSONS INC / ALBERTSONS LLC 5.75% 03/31/2034 144A          | CUSIP: 01309QAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $70564.48     | 0.09%             | 2034-03-31      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS LLC / SAFEWAY INC / NEW ALBERTSONS INC / ALBERTSONS LLC         | ALBERTSONS COS LLC / SAFEWAY INC / NEW ALBERTSONS INC / ALBERTSONS LLC 5.5% 03/31/2031 144A           | CUSIP: 01309QAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $60819.96     | 0.08%             | 2031-03-31      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| WHITE CAP SUPPLY HOLDINGS LLC                                                  | WHITE CAP SUPPLY HOLDINGS LLC 7.375% 11/15/2030 144A                                                  | CUSIP: 96467GAC2<br>LEI: 254900L2N0T6GULCL366 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35697.11     | 0.05%             | 2030-11-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| WHITE IRIS LLC                                                                 | WHITE IRIS LLC                                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       153 | NS      | $3776.04      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TERAWULF INC                                                                   | TERAWULF INC CONV 0% 05/01/2032 144A                                                                  | CUSIP: 88080TAE4<br>LEI: 254900CVMW1SX2T78A64 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60950.06     | 0.08%             | 2032-05-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CANO HEALTH LLC                                                                | CANO HEALTH TERM Initial Exchange Term Loans 1LN 06/28/2029                                           | CUSIP: 13781HAS9<br>LEI: 254900OGI2T8V1NXN639 | Long             | LON              | CORP              | US        |      6487 | PA      | $5059.88      | 0.01%             | 2029-06-28      | Variable      | 0.14%                 | No            |                  3 | On Loan: No      |
| NEPTUNE BIDCO US INC                                                           | NEPTUNE BIDCO US INC 10.375% 05/15/2031 144A                                                          | CUSIP: 640695AC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    170000 | PA      | $171876.26    | 0.23%             | 2031-05-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                          | TENET HEALTHCARE CORP 5.5% 11/15/2032 144A                                                            | CUSIP: 88033GDW7<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    535000 | PA      | $543477.61    | 0.72%             | 2032-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                          | TENET HEALTHCARE CORP 6% 11/15/2033 144A                                                              | CUSIP: 88033GDV9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61951.69     | 0.08%             | 2033-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMMUNITIES INC                                                | TAYLOR MORRISON COMMUNITIES INC 5.75% 11/15/2032 144A                                                 | CUSIP: 87724RAK8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56689.71     | 0.07%             | 2032-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CIPHER COMPUTE LLC                                                             | CIPHER COMPUTE LLC 7.125% 11/15/2030 144A                                                             | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $91434.58     | 0.12%             | 2030-11-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                                                    | WAYFAIR LLC 6.75% 11/15/2032 144A                                                                     | CUSIP: 94419NAC1<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76526.48     | 0.10%             | 2032-11-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BREAKWATER ENERGY HOLDINGS SARL                                                | BREAKWATER ENERGY HOLDINGS SARL 9.25% 11/15/2030 144A                                                 | CUSIP: 10637BAA3<br>LEI: 984500969HAFA937F390 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $103576.00    | 0.14%             | 2030-11-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                                                       | ALLISON TRANSMISSION INC 5.875% 12/01/2033 144A                                                       | CUSIP: 019736AH0<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80728.76     | 0.11%             | 2033-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CARPENTER TECHNOLOGY CORP                                                      | CARPENTER TECHNOLOGY CORP 5.625% 03/01/2034 144A                                                      | CUSIP: 144285AN3<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |     95000 | PA      | $96553.44     | 0.13%             | 2034-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| APLD COMPUTECO LLC                                                             | APLD COMPUTECO LLC 9.25% 12/15/2030 144A                                                              | CUSIP: 00202DAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $265031.13    | 0.35%             | 2030-12-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL METALS CO                                                           | COMMERCIAL METALS CO 5.75% 11/15/2033 144A                                                            | CUSIP: 201723AS2<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |     68000 | PA      | $69538.76     | 0.09%             | 2033-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL METALS CO                                                           | COMMERCIAL METALS CO 6% 12/15/2035 144A                                                               | CUSIP: 201723AV5<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |     69000 | PA      | $70288.45     | 0.09%             | 2035-12-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY OPERATING PARTNERS LP                                           | NEXTERA ENERGY OPERATING PARTNERS LP 7.75% 04/15/2034 144A                                            | CUSIP: 98379YAA0<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     90000 | PA      | $91504.08     | 0.12%             | 2034-04-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| ACUSHNET CO                                                                    | ACUSHNET CO 5.625% 12/01/2033 144A                                                                    | CUSIP: 005095AB0<br>LEI: 549300H805O14KEFES79 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35271.94     | 0.05%             | 2033-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC                                      | HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC 8%/VAR 06/01/2056                                           | CUSIP: 41068XAG5<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |    108000 | PA      | $110044.12    | 0.15%             | 2056-06-01      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                                          | MOLINA HEALTHCARE INC 6.5% 02/15/2031 144A                                                            | CUSIP: 60855RAN0<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76613.57     | 0.10%             | 2031-02-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| GENMAB A/S/GENMAB FINANCE LLC                                                  | GENMAB A/S/GENMAB FINANCE LLC 7.25% 12/15/2033 144A                                                   | CUSIP: 37230JAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | DK        |     75000 | PA      | $78546.53     | 0.10%             | 2033-12-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| GENMAB A/S/GENMAB FINANCE LLC                                                  | GENMAB A/S/GENMAB FINANCE LLC 6.25% 12/15/2032 144A                                                   | CUSIP: 37230JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | DK        |     75000 | PA      | $77117.33     | 0.10%             | 2032-12-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CROSSCOUNTRY INTERMEDIATE HOLDCO LLC                                           | CROSSCOUNTRY INTERMEDIATE HOLDCO LLC 6.75% 12/01/2032 144A                                            | CUSIP: 22757VAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $35390.30     | 0.05%             | 2032-12-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING FINANCE USA LLC/ARDAGH METAL PACKAGING FINANCE PLC      | ARDAGH METAL PACKAGING FINANCE USA LLC/ARDAGH METAL PACKAGING FINANCE PLC 6.25% 01/30/2031 144A       | CUSIP: 03969YAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $193301.78    | 0.25%             | 2031-01-30      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| DBR LAND HOLDINGS LLC                                                          | DBR LAND HOLDINGS LLC 6.25% 12/01/2030 144A                                                           | CUSIP: 24024BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $86088.85     | 0.11%             | 2030-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AMER INC                                                  | UNITED RENTALS NORTH AMER INC 5.375% 11/15/2033 144A                                                  | CUSIP: 911365BS2<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    145000 | PA      | $145333.00    | 0.19%             | 2033-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-30

**Name of Applicant:** Stacie M. Smith

**Signature:** Stacie M. Smith

**Name of Signer:** Stacie M. Smith

**Title:** President and Treasurer