# EDGAR Filing Document

**Accession Number:** 0001572661
**File Stem:** 0001410368-26-018082
**Filing Date:** 2026-2
**Character Count:** 62871
**Document Hash:** 6a95590f7e43bae56a0b250d054910ed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-018082.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0001410368-26-018082

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Principal Exchange-Traded Funds
- **CENTRAL INDEX KEY:** 0001572661

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23029
- **FILM NUMBER:** 26677065

**BUSINESS ADDRESS:**
- **STREET 1:** 711 HIGH STREET
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392
- **BUSINESS PHONE:** 515-235-9328

**MAIL ADDRESS:**
- **STREET 1:** 711 HIGH STREET
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392

## Series and Classes Contracts Data

### Principal Active High Yield ETF (formerly Principal Active Income ETF) (Series ID: S000049047)

| Class ID   | Class Name                                                             | Ticker Symbol   |
|:---|:---|:---|
| C000154646 | Principal Active High Yield ETF (formerly Principal Active Income ETF) | YLD             |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Principal Exchange-Traded Funds

- **b. Investment Company Act file number:** 811-23029

- **c. CIK number of Registrant:** 0001572661

- **d. LEI of Registrant:** 549300AG76V5U32HWF10

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

  - **Street Address 1:** 711 High Street

  - **City:** DES MOINES

  - **State:** IA

  - **Foreign country:** US

  - **Zip / Postal Code:** 50392

  - **Telephone number:** 515-235-1719

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

- **a. Name of Series:** Principal Active High Yield ETF

- **b. EDGAR series identifier (if any):** S000049047

- **c. LEI of Series:** 549300IJEBBJ7TDADP97

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $483256511.71

**Total Liabilities:** $24273225.70

**Net Assets:** $458983286.01

**Cash Not Reported:** $100672.04

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 80.70000000 | **1-Year:** 266.96000000 | **5-Year:** 3053.14000000 | **10-Year:** 923.92000000 | **30-Year:** 31.56000000

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

- **3-Month:** 2365.33000000 | **1-Year:** 7824.51000000 | **5-Year:** 89487.45000000 | **10-Year:** 27080.16000000 | **30-Year:** 925.15000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000154646 | -0.26%               | -0.02%               | 0.89%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $298052.08               | $-4028825.47                               |
| Month 2  | $-165243.24              | $-2703753.35                               |
| Month 3  | $42039.09                | $1085096.77                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AMC NETWORKS INC                                           | AMC Networks, Inc.                                                                 | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |   1292000 | PA      | $1354806.70   | 0.30%             | 2029-01-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                                   | American Airlines, Inc./AAdvantage Loyalty IP Ltd.                                 | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   2346446 | PA      | $2389477.47   | 0.52%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                                   | Acadia Healthcare Co., Inc.                                                        | CUSIP: 00404AAP4<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |   6007000 | PA      | $5783756.45   | 1.26%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ADAMS HOMES INC                                            | Adams Homes, Inc.                                                                  | CUSIP: 00623PAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4324000 | PA      | $4522527.81   | 0.99%             | 2028-10-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| AETHON UN/AETHIN UN FIN                                    | Aethon United BR LP/Aethon United Finance Corp.                                    | CUSIP: 00810GAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6643000 | PA      | $6959711.67   | 1.52%             | 2029-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                           | Altice France SA                                                                   | CUSIP: 02090DAA6<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   4361530 | PA      | $4486095.73   | 0.98%             | 2029-11-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                    | American Airlines, Inc.                                                            | CUSIP: 02376CBS3<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | KY        |   1907104 | PA      | $1910441.49   | 0.42%             | 2028-04-20      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMED                                   | AmeriTex HoldCo Intermediate LLC                                                   | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4726000 | PA      | $4979568.80   | 1.08%             | 2033-08-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY SR INC                                        | Arbor Realty SR, Inc.                                                              | CUSIP: 03881NAJ6<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              |  | US        |   6135000 | PA      | $5861902.19   | 1.28%             | 2030-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY SR INC                                        | Arbor Realty SR, Inc.                                                              | CUSIP: 03881NAL1<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              |  | US        |    557000 | PA      | $554774.06    | 0.12%             | 2028-12-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                | Asurion LLC                                                                        | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   6344727 | PA      | $6217832.46   | 1.35%             | 2029-01-20      | Floating      | 9.08%                 | No            |                  2 | On Loan: No      |
| B&G FOODS INC                                              | B&G Foods, Inc.                                                                    | CUSIP: 05508WAC9<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |   4735000 | PA      | $4658623.83   | 1.01%             | 2028-09-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                               | Barclays PLC                                                                       | CUSIP: 06738EBX2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   3888000 | PA      | $4148383.25   | 0.90%             | 2029-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                               | Barclays PLC                                                                       | CUSIP: 06738EDC6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   2310000 | PA      | $2464705.32   | 0.54%             | 2035-03-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: —       |
| BOMBARDIER INC                                             | Bombardier, Inc.                                                                   | CUSIP: 097751BZ3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   1727000 | PA      | $1801185.01   | 0.39%             | 2029-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                      | Caesars Entertainment, Inc.                                                        | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   5641000 | PA      | $5778776.69   | 1.26%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA BUYER/ATLANTI                                   | California Buyer Ltd./Atlantica Sustainable Infrastructure PLC                     | CUSIP: 13005HAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   6866000 | PA      | $6877322.03   | 1.50%             | 2032-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                                 | Carvana Co.                                                                        | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   6374000 | PA      | $6680812.49   | 1.46%             | 2030-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CHOBANI LLC/FINANCE CORP                                   | Chobani LLC/Chobani Finance Corp., Inc.                                            | CUSIP: 17027NAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5623000 | PA      | $5865475.01   | 1.28%             | 2029-07-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                                           | Cinemark USA, Inc.                                                                 | CUSIP: 172441BF3<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |   4811000 | PA      | $4810468.87   | 1.05%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                                           | Cinemark USA, Inc.                                                                 | CUSIP: 172441BH9<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |   1909000 | PA      | $1980973.12   | 0.43%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                     | Clydesdale Acquisition Holdings, Inc.                                              | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   1909000 | PA      | $1940840.21   | 0.42%             | 2030-04-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                     | Clydesdale Acquisition Holdings, Inc.                                              | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   2516000 | PA      | $2587138.47   | 0.56%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CONCENTRA HEALTH SERVICE                                   | Concentra Health Services, Inc.                                                    | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |   4935000 | PA      | $5161042.74   | 1.12%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FIN                                    | Consolidated Energy Finance SA                                                     | CUSIP: 20914UAF3<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |   4298000 | PA      | $2793700.00   | 0.61%             | 2028-10-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: —       |
| CONSOLIDATED ENERGY FIN                                    | Consolidated Energy Finance SA                                                     | CUSIP: 20914UAH9<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |   2290000 | PA      | $1619030.00   | 0.35%             | 2031-02-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: —       |
| CREDIT ACCEPTANC                                           | Credit Acceptance Corp.                                                            | CUSIP: 225310AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6174000 | PA      | $6452810.31   | 1.41%             | 2028-12-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                               | UBS Group AG                                                                       | CUSIP: 225401BH0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   6364000 | PA      | $6503384.33   | 1.42%             | 2030-02-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DIG INTL FIN/DIFL US LLC                                   | Digicel International Finance Ltd./Difl U.S. LLC                                   | CUSIP: 25381MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   5597000 | PA      | $5806591.87   | 1.27%             | 2032-08-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                                      | Directv Financing LLC/Directv Financing Co-Obligor, Inc.                           | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1537000 | PA      | $1546022.19   | 0.34%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                      | Directv Financing LLC                                                              | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    953000 | PA      | $965809.08    | 0.21%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                                      | Directv Financing LLC/Directv Financing Co-Obligor, Inc.                           | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3032000 | PA      | $3098861.00   | 0.68%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                                   | Discovery Communications LLC                                                       | CUSIP: 25470DCA5<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |   2458000 | PA      | $2375386.62   | 0.52%             | 2029-05-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                          | DISH Network Corp.                                                                 | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   4086000 | PA      | $4252627.08   | 0.93%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                              | EchoStar Corp.                                                                     | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   4226962 | PA      | $4674179.61   | 1.02%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                         | Energy Transfer LP                                                                 | CUSIP: 29273VBG4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   9229000 | PA      | $9198462.62   | 2.00%             | 2056-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Endo Luxembourg Finance Company I S.a r.l.                 | Endo Luxembourg Finance Co. I SARL                                                 | CUSIP: 29280UAD5<br>LEI: 222100B15VY0VVCTG251 | Long             | LON              | CORP              | US        |    952938 | PA      | $944599.30    | 0.21%             | 2031-04-23      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| ENDO FINANCE HOLDINGS                                      | Endo Finance Holdings, Inc.                                                        | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5264000 | PA      | $5563737.42   | 1.21%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| EQUIPMENTSHARE.COM INC                                     | EquipmentShare.com, Inc.                                                           | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |    112000 | PA      | $118302.47    | 0.03%             | 2032-05-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                     | EquipmentShare.com, Inc.                                                           | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   5645000 | PA      | $5921542.91   | 1.29%             | 2033-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| FERTITTA ENTERTAINMENT                                     | Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.                | CUSIP: 31556TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2777000 | PA      | $2697114.32   | 0.59%             | 2029-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                                     | Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.                | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1446000 | PA      | $1374820.51   | 0.30%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| EF HOLD/EF KY/ELL KY/TRS                                   | EF Holdco/EF Cayman Holdings/Ellington Financial REIT Cayman/TRS/EF Cayman Non-MTM | CUSIP: 31574BAA4<br>LEI: N/A                  | Long             | DBT              |  | XX        |   6067000 | PA      | $6114437.87   | 1.33%             | 2030-09-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                       | Fiesta Purchaser, Inc.                                                             | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1858000 | PA      | $1937711.92   | 0.42%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                       | Fiesta Purchaser, Inc.                                                             | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1290000 | PA      | $1351940.64   | 0.29%             | 2032-09-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: —       |
| Fiesta Purchaser Inc                                       | Fiesta Purchaser, Inc.                                                             | CUSIP: 31659LAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2713864 | PA      | $2710173.30   | 0.59%             | 2031-02-12      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                   | First Quantum Minerals Ltd.                                                        | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   5948000 | PA      | $6352148.76   | 1.38%             | 2033-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                      | Freedom Mortgage Holdings LLC                                                      | CUSIP: 35641AAB4<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   6615000 | PA      | $7104887.06   | 1.55%             | 2031-05-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                      | Freedom Mortgage Holdings LLC                                                      | CUSIP: 35641AAD0<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    965000 | PA      | $999317.81    | 0.22%             | 2033-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                       | Garda World Security Corp.                                                         | CUSIP: 36485MAL3<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   3204000 | PA      | $3142137.30   | 0.68%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                       | Garda World Security Corp.                                                         | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   3913000 | PA      | $3985832.67   | 0.87%             | 2032-11-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ESCROW GENON ENERGY D05/11/11                              | GenOn Energy, Inc.                                                                 | CUSIP: 3724ESC78<br>LEI: 54930052FQLRHOTY0J14 | Long             | DBT              | CORP              | US        |   3100000 | PA      | $0.03         | 0.00%             | 2020-10-15      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| GLOBAL MEDICAL RESPONSE                                    | Global Medical Response, Inc.                                                      | CUSIP: 37960BAD7<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |   2075000 | PA      | $2156700.72   | 0.47%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GLOBAL AIR LEASE CO LTD                                    | Global Aircraft Leasing Co. Ltd.                                                   | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   6665000 | PA      | $6911931.59   | 1.51%             | 2027-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| GRUPO AEROMEXICO SAB                                       | Grupo Aeromexico SAB de CV                                                         | CUSIP: 40054JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |   2271000 | PA      | $2318532.03   | 0.51%             | 2031-11-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: —       |
| HA SUSTAINABLE INF CAP                                     | HA Sustainable Infrastructure Capital, Inc.                                        | CUSIP: 41068XAG5<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |   2605000 | PA      | $2722381.30   | 0.59%             | 2056-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                      | Icahn Enterprises LP/Icahn Enterprises Finance Corp.                               | CUSIP: 451102CC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7773000 | PA      | $6706472.89   | 1.46%             | 2029-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                      | Icahn Enterprises LP/Icahn Enterprises Finance Corp.                               | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    841000 | PA      | $840406.86    | 0.18%             | 2029-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                   | iHeartCommunications, Inc.                                                         | CUSIP: 45174HBG1<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1125450.00   | 0.25%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                   | iHeartCommunications, Inc.                                                         | CUSIP: 45174HBM8<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |   1320827 | PA      | $1155723.63   | 0.25%             | 2030-08-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| iHeartCommunications Inc                                   | iHeartCommunications, Inc.                                                         | CUSIP: 45174UAJ7<br>LEI: 54930076J6KDZL504O62 | Long             | LON              | CORP              | US        |   1351350 | PA      | $1233350.12   | 0.27%             | 2029-05-01      | Floating      | 9.61%                 | No            |                  2 | On Loan: No      |
| INVERSION ESCROW ISSUER                                    | Inversion Escrow Issuer LLC                                                        | CUSIP: 46150DAA0<br>LEI: 254900P6GHORGRVLKI95 | Long             | DBT              | CORP              | US        |    516000 | PA      | $514006.43    | 0.11%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                    | Jane Street Group/JSG Finance, Inc.                                                | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5670000 | PA      | $5918325.30   | 1.29%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JAZZ SECURITIES DAC                                        | Jazz Securities DAC                                                                | CUSIP: 47216FAA5<br>LEI: 6354009DV8VV7K6KOO02 | Long             | DBT              | CORP              | IE        |   7094000 | PA      | $6996895.48   | 1.52%             | 2029-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| K HOVNANIAN ENTERPRISES                                    | K Hovnanian Enterprises, Inc.                                                      | CUSIP: 48251UAQ1<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |   3586000 | PA      | $3644414.11   | 0.79%             | 2033-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| KIOXIA HOLDINGS CORP                                       | Kioxia Holdings Corp.                                                              | CUSIP: 49726JAA6<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |    868000 | PA      | $893029.36    | 0.19%             | 2030-07-24      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KIOXIA HOLDINGS CORP                                       | Kioxia Holdings Corp.                                                              | CUSIP: 49726JAB4<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |   5450000 | PA      | $5667322.18   | 1.23%             | 2033-07-24      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ADVANCION SCIENCES INC                                     | Advancion Sciences, Inc.                                                           | CUSIP: 499894AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2786084 | PA      | $2430858.29   | 0.53%             | 2026-11-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| KRONOS ACQUISITION HOLDI                                   | Kronos Acquisition Holdings, Inc.                                                  | CUSIP: 50106GAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    967000 | PA      | $635802.50    | 0.14%             | 2031-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| KRONOS ACQUISITION HOLDI                                   | Kronos Acquisition Holdings, Inc.                                                  | CUSIP: 50106GAJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1655000 | PA      | $744750.00    | 0.16%             | 2032-06-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: —       |
| Kronos Acquisition Holdings Inc.                           | Kronos Acquisition Holdings, Inc.                                                  | CUSIP: 50106JAH9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1051688 | PA      | $679127.20    | 0.15%             | 2031-07-08      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| LABL INC                                                   | LABL, Inc.                                                                         | CUSIP: 50168QAC9<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |   1799000 | PA      | $1127313.47   | 0.25%             | 2028-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| LABL INC                                                   | LABL, Inc.                                                                         | CUSIP: 50168QAE5<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |   1346000 | PA      | $849286.75    | 0.19%             | 2028-11-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| LABL INC                                                   | LABL, Inc.                                                                         | CUSIP: 50168QAF2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |   1344000 | PA      | $714816.61    | 0.16%             | 2031-10-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS INC                                      | Bath & Body Works, Inc.                                                            | CUSIP: 501797AM6<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   2342000 | PA      | $2324698.71   | 0.51%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS INC                                      | Bath & Body Works, Inc.                                                            | CUSIP: 501797AW4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    607000 | PA      | $620594.98    | 0.14%             | 2030-10-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                      | Level 3 Financing, Inc.                                                            | CUSIP: 527298CQ4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   2610000 | PA      | $2672594.69   | 0.58%             | 2036-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                       | LifePoint Health, Inc.                                                             | CUSIP: 53219LAY5<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |   3540000 | PA      | $3842542.56   | 0.84%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| LIGHTNING POWER LLC                                        | Lightning Power LLC                                                                | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |   6336000 | PA      | $6737391.94   | 1.47%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS INC                                      | Bath & Body Works, Inc.                                                            | CUSIP: 532716AK3<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   1308000 | PA      | $1298693.76   | 0.28%             | 2033-03-01      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                   | Warnermedia Holdings, Inc.                                                         | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   2735000 | PA      | $1924756.25   | 0.42%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                       | Matador Resources Co.                                                              | CUSIP: 576485AH9<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |   9024000 | PA      | $9036001.92   | 1.97%             | 2033-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                                     | Mauser Packaging Solutions Holding Co.                                             | CUSIP: 57763RAE7<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |   1996000 | PA      | $1980252.26   | 0.43%             | 2030-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                                     | Mauser Packaging Solutions Holding Co.                                             | CUSIP: 57763RAF4<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |   4167000 | PA      | $4000320.00   | 0.87%             | 2030-04-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| MAXIM CRANE WORKS LLC                                      | Maxim Crane Works Holdings Capital LLC                                             | CUSIP: 57779EAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5258000 | PA      | $5593197.50   | 1.22%             | 2028-09-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| MCAFEE CORP                                                | McAfee Corp.                                                                       | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |   7227000 | PA      | $6302504.60   | 1.37%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MERCER INTL INC                                            | Mercer International, Inc.                                                         | CUSIP: 588056BB6<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |   1454000 | PA      | $927322.96    | 0.20%             | 2029-02-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| MERCER INTL INC                                            | Mercer International, Inc.                                                         | CUSIP: 588056BC4<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |   1439000 | PA      | $1115539.28   | 0.24%             | 2028-10-01      | Fixed         | 12.88%                | No            |                  2 | On Loan: —       |
| NRG ENERGY INC                                             | NRG Energy, Inc.                                                                   | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   3401000 | PA      | $3435588.17   | 0.75%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                             | NRG Energy, Inc.                                                                   | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   3401000 | PA      | $3446040.67   | 0.75%             | 2036-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NCR ATLEOS LLC                                             | NCR Atleos Corp.                                                                   | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |   3869000 | PA      | $4199319.74   | 0.91%             | 2029-04-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                   | Olympus Water U.S. Holding Corp.                                                   | CUSIP: 681639AB6<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   7185000 | PA      | $6991598.19   | 1.52%             | 2029-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp.                                                              | CUSIP: 682691AA8<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   6115000 | PA      | $5731957.26   | 1.25%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp.                                                              | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    477000 | PA      | $472344.50    | 0.10%             | 2027-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                             | 1261229 BC Ltd.                                                                    | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2995000 | PA      | $3114850.59   | 0.68%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| VIBRANTZ TECH INC                                          | Vibrantz Technologies, Inc.                                                        | CUSIP: 69357VAA3<br>LEI: 549300GYZ1T3S8OPH343 | Long             | DBT              | CORP              | US        |   7346000 | PA      | $2439227.25   | 0.53%             | 2030-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC                                    | Park River Holdings, Inc.                                                          | CUSIP: 70082LAC1<br>LEI: 254900PGY077KWCROT75 | Long             | DBT              | CORP              | US        |   3406000 | PA      | $3511568.97   | 0.77%             | 2031-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC                                    | Park River Holdings, Inc.                                                          | CUSIP: 70082LAD9<br>LEI: 254900PGY077KWCROT75 | Long             | DBT              | CORP              | US        |   1602163 | PA      | $1576127.85   | 0.34%             | 2030-12-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: —       |
| RFNA LP                                                    | Rfna LP                                                                            | CUSIP: 74984AAA0<br>LEI: 2549002A4GSOTYKKHR45 | Long             | DBT              | CORP              | US        |   1566000 | PA      | $1592697.81   | 0.35%             | 2030-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| LifePoint Health Inc                                       | LifePoint Health, Inc.                                                             | CUSIP: 75915TAK8<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |   2510677 | PA      | $2517606.59   | 0.55%             | 2031-05-19      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                                   | Sinclair Television Group, Inc.                                                    | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   5401000 | PA      | $5640966.43   | 1.23%             | 2033-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| SPECIALTY BUILDING PRODU                                   | Specialty Building Products Holdings LLC/SBP Finance Corp.                         | CUSIP: 84749AAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3283000 | PA      | $3203157.44   | 0.70%             | 2029-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Spectrum Group Buyer Inc                                   | Spectrum Group Buyer, Inc.                                                         | CUSIP: 84762UAB1<br>LEI: 254900D4L3B6RODNRE33 | Long             | LON              | CORP              | US        |    444102 | PA      | $417456.33    | 0.09%             | 2028-05-19      | Floating      | 10.34%                | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp.                                                              | CUSIP: 85172FAQ2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    938000 | PA      | $963152.47    | 0.21%             | 2028-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                  | Block, Inc.                                                                        | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   4489000 | PA      | $4608447.80   | 1.00%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET                                   | Smyrna Ready Mix Concrete LLC                                                      | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |   6676000 | PA      | $6706856.47   | 1.46%             | 2028-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| State Street Institutional US Government Money Market Fund | State Street Institutional U.S. Government Money Market Fund Premier Class         | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |     32410 | NS      | $32409.87     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNOCO LP                                                  | Sunoco LP                                                                          | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   5776000 | PA      | $5775488.82   | 1.26%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TMS INTERNATIONAL CORP                                     | TMS International Corp.                                                            | CUSIP: 87261QAC7<br>LEI: 549300L4K0F1YF8WKF23 | Long             | DBT              | CORP              | US        |   5168000 | PA      | $4994261.35   | 1.09%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TASEKO MINES LTD                                           | Taseko Mines Ltd.                                                                  | CUSIP: 876511AG1<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |   6654000 | PA      | $7068105.04   | 1.54%             | 2030-05-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                              | TransDigm, Inc.                                                                    | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   4441000 | PA      | $4626119.58   | 1.01%             | 2034-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRUENOORD CAPITAL DAC                                      | TrueNoord Capital DAC                                                              | CUSIP: 89785GAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   4674000 | PA      | $4936837.72   | 1.08%             | 2030-03-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2016-1 B PTT                                    | United Airlines Pass-Through Trust                                                 | CUSIP: 90933HAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    127678 | PA      | $127638.76    | 0.03%             | 2027-07-07      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Notes                                                                | CUSIP: 91282CMZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2935500 | PA      | $2958433.59   | 0.64%             | 2030-04-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNITI GRP/UNITI HLD/CSL                                    | Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC                          | CUSIP: 91327AAB8<br>LEI: N/A                  | Long             | DBT              |  | US        |   5745000 | PA      | $5343065.78   | 1.16%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                                    | Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC                      | CUSIP: 91327TAC5<br>LEI: N/A                  | Long             | DBT              |  | US        |   1107000 | PA      | $1090440.42   | 0.24%             | 2032-06-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: —       |
| VENTURE GLOBAL LNG INC                                     | Venture Global LNG, Inc.                                                           | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    440000 | PA      | $437547.40    | 0.10%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                     | Venture Global LNG, Inc.                                                           | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   5830000 | PA      | $6042660.91   | 1.32%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                     | Venture Global LNG, Inc.                                                           | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   2287000 | PA      | $1806114.11   | 0.39%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Veritiv Corporation                                        | Veritiv Corp.                                                                      | CUSIP: 92338TAB2<br>LEI: 5493004G8OK5L1UTIY12 | Long             | LON              | CORP              | US        |    301942 | PA      | $301598.14    | 0.07%             | 2030-12-02      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                                       | Veritiv Operating Co.                                                              | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |   4254000 | PA      | $4573956.10   | 1.00%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| VIASAT INC                                                 | Viasat, Inc.                                                                       | CUSIP: 92552VAR1<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |   6869000 | PA      | $6531017.79   | 1.42%             | 2031-05-30      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| VICTRA HLDG/VICTRA FIN                                     | Victra Holdings LLC/Victra Finance Corp.                                           | CUSIP: 92648DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4270000 | PA      | $4504884.16   | 0.98%             | 2029-09-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: —       |
| VISTRA CORP                                                | Vistra Corp.                                                                       | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |   2767000 | PA      | $2815321.97   | 0.61%             | 2026-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                   | Vistra Operations Co. LLC                                                          | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   3921000 | PA      | $3871770.67   | 0.84%             | 2029-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VOLTAGRID LLC                                              | VoltaGrid LLC                                                                      | CUSIP: 92874BAA3<br>LEI: 254900R5BEUGIKK1FM03 | Long             | DBT              | CORP              | US        |   4539000 | PA      | $4496994.91   | 0.98%             | 2030-11-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| WATCO COS LLC/FINANCE CO                                   | Watco Cos. LLC/Watco Finance Corp.                                                 | CUSIP: 941130AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4226000 | PA      | $4425919.38   | 0.96%             | 2032-08-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC                                    | Windstream Services LLC                                                            | CUSIP: 97382BAB5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |    483000 | PA      | $495127.11    | 0.11%             | 2033-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                                   | Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.                                | CUSIP: 983133AD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2265000 | PA      | $2315907.62   | 0.50%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                             | Wynn Macau Ltd.                                                                    | CUSIP: 98313RAH9<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |   2903000 | PA      | $2901695.39   | 0.63%             | 2028-08-26      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                                    | Zayo Group Holdings, Inc.                                                          | CUSIP: 98919VAC9<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |    231771 | PA      | $220182.45    | 0.05%             | 2030-03-09      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings Inc                                    | Zayo Group Holdings, Inc.                                                          | CUSIP: 98919XAH4<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |   1390252 | PA      | $1315664.81   | 0.29%             | 2030-03-11      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| NAVIOS MARITIME PARTNERS                                   | Navios Maritime Partners LP                                                        | CUSIP: 000000000<br>LEI: 213800185NOIXCLYX335 | Long             | DBT              | CORP              | MH        |   1600000 | PA      | $1593920.00   | 0.35%             | 2030-11-07      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Principal Government Money Market Fund                     | Principal Government Money Market Fund                                             | CUSIP: 742537228<br>LEI: 549300WWK3YB7DNN4U34 | Long             | STIV             | RF                | US        |  24122235 | NS      | $24122235.00  | 5.26%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-21

**Name of Applicant:** Principal Exchange-Traded Funds

**Signature:** Megan Hoffmann

**Name of Signer:** Megan Hoffmann

**Title:** Vice President and Treasurer