# EDGAR Filing Document

**Accession Number:** 0001174610
**File Stem:** 0002071691-25-004046
**Filing Date:** 2025-10
**Character Count:** 94351
**Document Hash:** 380465d625a559c62db520ccc01261c3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-004046.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0002071691-25-004046

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PROSHARES TRUST
- **CENTRAL INDEX KEY:** 0001174610

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21114
- **FILM NUMBER:** 251427612

**BUSINESS ADDRESS:**
- **STREET 1:** 7272 WISCONSIN AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20814
- **BUSINESS PHONE:** 240-497-6400

**MAIL ADDRESS:**
- **STREET 1:** 7272 WISCONSIN AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20814

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** XTRASHARES TRUST
- **DATE OF NAME CHANGE:** 20030409

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PROFUNDS ETF TRUST
- **DATE OF NAME CHANGE:** 20020531

## Series and Classes Contracts Data

### ProShares High Yield-Interest Rate Hedged (Series ID: S000039732)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000123089 | ProShares High Yield-Interest Rate Hedged | HYHG            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ProShares Trust

- **b. Investment Company Act file number:** 811-21114

- **c. CIK number of Registrant:** 0001174610

- **d. LEI of Registrant:** 5493005D9DS7C1P5AM59

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

  - **Street Address 1:** 7272 Wisconsin Avenue

  - **City:** Bethesda

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20814

  - **Telephone number:** 240-497-6400

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

- **a. Name of Series:** ProShares High Yield-Interest Rate Hedged

- **b. EDGAR series identifier (if any):** S000039732

- **c. LEI of Series:** 549300FV6XUZGOJNSR91

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2025-08-31

**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:** $168065558.73

**Total Liabilities:** $2900985.84

**Net Assets:** $165164572.89

**Cash Not Reported:** $63764.45

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 2.93172200 | **5-Year:** 264.77125400 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 313.15127500 | **1-Year:** 11297.13332400 | **5-Year:** 32151.25454700 | **10-Year:** 3850.70504900 | **30-Year:** 292.58565300

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000123089 | 1.28%                | 0.78%                | 0.38%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $245167.20               | $1983377.47                                |
| Month 2  | $-249008.94              | $-470384.58                                |
| Month 3  | $397940.19               | $657257.18                                 |

**Designated Index Information**

- **Index Name:** FTSE High Yield (Treasury Rate-Hedged) Index

- **Index Identifier:** CFIIHYHG

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Clydesdale Acquisition Holdings, Inc.  | Clydesdale Acquisition Holdings, Inc.                   | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    671000 | PA      | $691415.85    | 0.42%             | 2030-04-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Inversion Escrow Issuer LLC            | Inversion Escrow Issuer LLC                             | CUSIP: 46150DAA0<br>LEI: 254900P6GHORGRVLKI95 | Long             | DBT              | CORP              | US        |    490000 | PA      | $484888.45    | 0.29%             | 2032-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Community Health Systems, Inc.         | Community Health Systems, Inc.                          | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1523000 | PA      | $1611445.18   | 0.98%             | 2032-01-15      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.             | Warnermedia Holdings, Inc.                              | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   2066000 | PA      | $1391967.50   | 0.84%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                       | CSC Holdings LLC                                        | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1002000 | PA      | $919072.78    | 0.56%             | 2029-01-31      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| Performance Food Group, Inc.           | Performance Food Group, Inc.                            | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    679000 | PA      | $657412.55    | 0.40%             | 2029-08-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Frontier Communications Holdings LLC   | Frontier Communications Holdings LLC                    | CUSIP: 35908MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    852000 | PA      | $890443.94    | 0.54%             | 2030-05-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Celanese US Holdings LLC               | Celanese US Holdings LLC                                | CUSIP: 15089QAM6<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    506000 | PA      | $520708.14    | 0.32%             | 2027-07-15      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| Permian Resources Operating LLC        | Permian Resources Operating LLC                         | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    209000 | PA      | $212899.10    | 0.13%             | 2033-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Talen Energy Supply LLC                | Talen Energy Supply LLC                                 | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |    714000 | PA      | $762425.62    | 0.46%             | 2030-06-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Block, Inc.                            | Block, Inc.                                             | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   1210000 | PA      | $1253363.68   | 0.76%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Allison Transmission, Inc.             | Allison Transmission, Inc.                              | CUSIP: 019736AG2<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |   1073000 | PA      | $990407.43    | 0.60%             | 2031-01-30      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Co. | Mauser Packaging Solutions Holding Co.                  | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |   1771000 | PA      | $1792090.84   | 1.09%             | 2027-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| ITT Holdings LLC                       | ITT Holdings LLC                                        | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |    653000 | PA      | $640161.04    | 0.39%             | 2029-08-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings, Inc.                    | Post Holdings, Inc.                                     | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    677000 | PA      | $683906.08    | 0.41%             | 2033-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Prime Healthcare Services, Inc.        | Prime Healthcare Services, Inc.                         | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    649000 | PA      | $669709.59    | 0.41%             | 2029-09-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                              | Sunoco LP                                               | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    521000 | PA      | $532505.24    | 0.32%             | 2033-07-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings, Inc.                    | Post Holdings, Inc.                                     | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    500000 | PA      | $513684.50    | 0.31%             | 2032-02-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Group, Inc.             | Cloud Software Group, Inc.                              | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   2109000 | PA      | $2132211.65   | 1.29%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Smyrna Ready Mix Concrete LLC          | Smyrna Ready Mix Concrete LLC                           | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    322000 | PA      | $322753.16    | 0.20%             | 2028-11-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| RHP Hotel Properties LP                | RHP Hotel Properties LP                                 | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    382000 | PA      | $392649.40    | 0.24%             | 2032-04-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Bausch Health Cos., Inc.               | Bausch Health Cos., Inc.                                | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   1380000 | PA      | $1447275.00   | 0.88%             | 2028-09-30      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| Hertz Corp. (The)                      | Hertz Corp. (The)                                       | CUSIP: 428040DB2<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    401000 | PA      | $288771.05    | 0.17%             | 2029-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: —       |
| Belron UK Finance plc                  | Belron UK Finance plc                                   | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |    582000 | PA      | $589322.72    | 0.36%             | 2029-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Voyager Parent LLC                     | Voyager Parent LLC                                      | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    801000 | PA      | $845364.99    | 0.51%             | 2032-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Crescent Energy Finance LLC            | Crescent Energy Finance LLC                             | CUSIP: 45344LAE3<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    378000 | PA      | $369396.98    | 0.22%             | 2033-01-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                | Quikrete Holdings, Inc.                                 | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   1321000 | PA      | $1362371.08   | 0.82%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| EG Global Finance plc                  | EG Global Finance plc                                   | CUSIP: 28228PAC5<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |    450000 | PA      | $496846.35    | 0.30%             | 2028-11-30      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| DISH Network Corp.                     | DISH Network Corp.                                      | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1189427.12   | 0.72%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| Hilton Domestic Operating Co., Inc.    | Hilton Domestic Operating Co., Inc.                     | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    769000 | PA      | $724440.30    | 0.44%             | 2031-05-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Sabre GLBL, Inc.                       | Sabre GLBL, Inc.                                        | CUSIP: 78573NAM4<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    464000 | PA      | $454766.40    | 0.28%             | 2030-07-15      | Fixed         | 11.12%                | Yes           |                  2 | On Loan: No      |
| McAfee Corp.                           | McAfee Corp.                                            | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |    989000 | PA      | $913337.15    | 0.55%             | 2030-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Windstream Services LLC                | Windstream Services LLC                                 | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1143852.60   | 0.69%             | 2031-10-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Panther Escrow Issuer LLC              | Panther Escrow Issuer LLC                               | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1283000 | PA      | $1331774.53   | 0.81%             | 2031-06-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| PetSmart LLC                           | PetSmart LLC                                            | CUSIP: 71677KAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    724000 | PA      | $716045.54    | 0.43%             | 2032-09-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Service Properties Trust               | Service Properties Trust                                | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    546000 | PA      | $582179.60    | 0.35%             | 2031-11-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Paramount Global                       | Paramount Global                                        | CUSIP: 92556HAE7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    542000 | PA      | $542904.06    | 0.33%             | 2062-03-30      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| QXO Building Products, Inc.            | QXO Building Products, Inc.                             | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    921000 | PA      | $951213.17    | 0.58%             | 2032-04-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Snap, Inc.                             | Snap, Inc.                                              | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    684000 | PA      | $691270.92    | 0.42%             | 2033-03-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                 | Tenet Healthcare Corp.                                  | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1133000 | PA      | $1133699.06   | 0.69%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CommScope LLC                          | CommScope LLC                                           | CUSIP: 20338MAA0<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    503000 | PA      | $520150.29    | 0.31%             | 2031-12-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Sunrise FinCo. I BV                    | Sunrise FinCo. I BV                                     | CUSIP: 90320BAA7<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |    359000 | PA      | $342922.19    | 0.21%             | 2031-07-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| NGL Energy Operating LLC               | NGL Energy Operating LLC                                | CUSIP: 62922LAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    701000 | PA      | $712286.80    | 0.43%             | 2032-02-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Yum! Brands, Inc.                      | Yum! Brands, Inc.                                       | CUSIP: 988498AN1<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    248000 | PA      | $230120.69    | 0.14%             | 2031-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Directv Financing LLC                  | Directv Financing LLC                                   | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1242617.34   | 0.75%             | 2031-02-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| CQP Holdco LP                          | CQP Holdco LP                                           | CUSIP: 12657NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    483000 | PA      | $476363.44    | 0.29%             | 2031-06-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                | Level 3 Financing, Inc.                                 | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   1759000 | PA      | $1775013.94   | 1.07%             | 2033-06-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Ardonagh Finco Ltd.                    | Ardonagh Finco Ltd.                                     | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    500000 | PA      | $523232.50    | 0.32%             | 2031-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Builders FirstSource, Inc.             | Builders FirstSource, Inc.                              | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    971000 | PA      | $1000480.53   | 0.61%             | 2034-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Delek Logistics Partners LP            | Delek Logistics Partners LP                             | CUSIP: 24665FAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    536000 | PA      | $560285.62    | 0.34%             | 2029-03-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Michaels Cos., Inc. (The)              | Michaels Cos., Inc. (The)                               | CUSIP: 55916AAB0<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    701000 | PA      | $475238.48    | 0.29%             | 2029-05-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| CVS Health Corp.                       | CVS Health Corp.                                        | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    945000 | PA      | $983790.36    | 0.60%             | 2055-03-10      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| RR Donnelley & Sons Co.                | RR Donnelley & Sons Co.                                 | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |    520000 | PA      | $527579.39    | 0.32%             | 2029-08-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| American Airlines, Inc.                | American Airlines, Inc.                                 | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    301000 | PA      | $315431.75    | 0.19%             | 2029-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Vmed O2 UK Financing I plc             | Vmed O2 UK Financing I plc                              | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    563000 | PA      | $519650.91    | 0.31%             | 2031-01-31      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| MPT Operating Partnership LP           | MPT Operating Partnership LP                            | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1134000 | PA      | $1188845.91   | 0.72%             | 2032-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Kinetik Holdings LP                    | Kinetik Holdings LP                                     | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    456000 | PA      | $459874.18    | 0.28%             | 2030-06-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Sinclair Television Group, Inc.        | Sinclair Television Group, Inc.                         | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    550000 | PA      | $563475.00    | 0.34%             | 2033-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Lightning Power LLC                    | Lightning Power LLC                                     | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |    546000 | PA      | $579379.16    | 0.35%             | 2032-08-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Herc Holdings, Inc.                    | Herc Holdings, Inc.                                     | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   1096000 | PA      | $1149641.53   | 0.70%             | 2033-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| USA Compression Partners LP            | USA Compression Partners LP                             | CUSIP: 91740PAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    419000 | PA      | $429540.36    | 0.26%             | 2029-03-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Fertitta Entertainment LLC             | Fertitta Entertainment LLC                              | CUSIP: 31556TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    495000 | PA      | $473195.10    | 0.29%             | 2029-01-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| CoreWeave, Inc.                        | CoreWeave, Inc.                                         | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    750000 | PA      | $742337.78    | 0.45%             | 2031-02-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Vistra Operations Co. LLC              | Vistra Operations Co. LLC                               | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    461000 | PA      | $489793.14    | 0.30%             | 2031-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Allied Universal Holdco LLC            | Allied Universal Holdco LLC                             | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    569000 | PA      | $597906.34    | 0.36%             | 2031-02-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Jane Street Group                      | Jane Street Group                                       | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    709000 | PA      | $740766.04    | 0.45%             | 2031-04-30      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Imola Merger Corp.                     | Imola Merger Corp.                                      | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    826000 | PA      | $805384.11    | 0.49%             | 2029-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Valaris Ltd.                           | Valaris Ltd.                                            | CUSIP: 91889FAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    481000 | PA      | $500750.82    | 0.30%             | 2030-04-30      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| NFE Financing LLC                      | NFE Financing LLC                                       | CUSIP: 62909BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1169000 | PA      | $429607.50    | 0.26%             | 2029-11-15      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| Uniti Group LP                         | Uniti Group LP                                          | CUSIP: 91327TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    900000 | PA      | $947031.30    | 0.57%             | 2028-02-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Sirius XM Radio LLC                    | Sirius XM Radio LLC                                     | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   1145000 | PA      | $1105511.93   | 0.67%             | 2028-07-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| WR Grace Holdings LLC                  | WR Grace Holdings LLC                                   | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    542000 | PA      | $506909.78    | 0.31%             | 2029-08-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Yum! Brands, Inc.                      | Yum! Brands, Inc.                                       | CUSIP: 988498AP6<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   1044000 | PA      | $1008982.67   | 0.61%             | 2032-01-31      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CITGO Petroleum Corp.                  | CITGO Petroleum Corp.                                   | CUSIP: 17302XAN6<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |    450000 | PA      | $469336.95    | 0.28%             | 2029-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Coinbase Global, Inc.                  | Coinbase Global, Inc.                                   | CUSIP: 19260QAC1<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |    521000 | PA      | $494340.43    | 0.30%             | 2028-10-01      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Opal Bidco SAS                         | Opal Bidco SAS                                          | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    416000 | PA      | $423302.46    | 0.26%             | 2032-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC                       | CCO Holdings LLC                                        | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $651238.88    | 0.39%             | 2034-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.            | Caesars Entertainment, Inc.                             | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    826000 | PA      | $846830.89    | 0.51%             | 2032-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Husky Injection Molding Systems Ltd.   | Husky Injection Molding Systems Ltd.                    | CUSIP: 44805RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    349000 | PA      | $366270.96    | 0.22%             | 2029-02-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Focus Financial Partners LLC           | Focus Financial Partners LLC                            | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |    382000 | PA      | $394758.80    | 0.24%             | 2031-09-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| IQVIA, Inc.                            | IQVIA, Inc.                                             | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    937000 | PA      | $965258.05    | 0.58%             | 2032-06-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Freedom Mortgage Holdings LLC          | Freedom Mortgage Holdings LLC                           | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    556000 | PA      | $581082.45    | 0.35%             | 2029-02-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Jefferies Finance LLC                  | Jefferies Finance LLC                                   | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    422000 | PA      | $409588.77    | 0.25%             | 2028-08-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Vital Energy, Inc.                     | Vital Energy, Inc.                                      | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    451000 | PA      | $444405.30    | 0.27%             | 2032-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Staples, Inc.                          | Staples, Inc.                                           | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |   1060000 | PA      | $1014950.00   | 0.61%             | 2029-09-01      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| Univision Communications, Inc.         | Univision Communications, Inc.                          | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    618000 | PA      | $650865.24    | 0.39%             | 2032-08-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| Howden UK Refinance plc                | Howden UK Refinance plc                                 | CUSIP: 44287GAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    467000 | PA      | $482386.25    | 0.29%             | 2031-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Axon Enterprise, Inc.                  | Axon Enterprise, Inc.                                   | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |   1185000 | PA      | $1217551.95   | 0.74%             | 2030-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Hilton Domestic Operating Co., Inc.    | Hilton Domestic Operating Co., Inc.                     | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   1306000 | PA      | $1192132.55   | 0.72%             | 2032-02-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Wand NewCo 3, Inc.                     | Wand NewCo 3, Inc.                                      | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |    695000 | PA      | $735397.57    | 0.45%             | 2032-01-30      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Albion Financing 1 SARL                | Albion Financing 1 SARL                                 | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    500000 | PA      | $515750.00    | 0.31%             | 2030-05-21      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Altice Financing SA                    | Altice Financing SA                                     | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    613000 | PA      | $485802.50    | 0.29%             | 2029-08-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| N/A                                    | U.S. Treasury 5 Year Note                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -705 | NC      | $-117289.96   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Directv Financing LLC                  | Directv Financing LLC                                   | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1026000 | PA      | $1020869.22   | 0.62%             | 2027-08-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Sable International Finance Ltd.       | Sable International Finance Ltd.                        | CUSIP: 785712AK6<br>LEI: 2138009IE9A35LO5JS73 | Long             | DBT              | CORP              | KY        |    427000 | PA      | $434099.73    | 0.26%             | 2032-10-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.             | Warnermedia Holdings, Inc.                              | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1039000 | PA      | $896657.00    | 0.54%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| LifePoint Health, Inc.                 | LifePoint Health, Inc.                                  | CUSIP: 53219LAW9<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    573000 | PA      | $631634.52    | 0.38%             | 2030-10-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| Darling Ingredients, Inc.              | Darling Ingredients, Inc.                               | CUSIP: 237266AJ0<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |    436000 | PA      | $440706.62    | 0.27%             | 2030-06-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC ULC                         | 1011778 BC ULC                                          | CUSIP: 68245XAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    992000 | PA      | $1016101.63   | 0.62%             | 2029-06-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Midcap Financial Issuer Trust          | Midcap Financial Issuer Trust                           | CUSIP: 59567LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    394000 | PA      | $392724.39    | 0.24%             | 2028-05-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Brightline East LLC                    | Brightline East LLC                                     | CUSIP: 093536AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    653000 | PA      | $375215.09    | 0.23%             | 2030-01-31      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| Gray Media, Inc.                       | Gray Media, Inc.                                        | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    491000 | PA      | $361973.69    | 0.22%             | 2031-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Celanese US Holdings LLC               | Celanese US Holdings LLC                                | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    627000 | PA      | $631523.18    | 0.38%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| US Acute Care Solutions LLC            | US Acute Care Solutions LLC                             | CUSIP: 90367UAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    513000 | PA      | $526447.27    | 0.32%             | 2029-05-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Group, Inc.             | Cloud Software Group, Inc.                              | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1218926.97   | 0.74%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Connect Finco SARL                     | Connect Finco SARL                                      | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    976000 | PA      | $1016670.90   | 0.62%             | 2029-09-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Smyrna Ready Mix Concrete LLC          | Smyrna Ready Mix Concrete LLC                           | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    628000 | PA      | $669971.12    | 0.41%             | 2031-11-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Millrose Properties, Inc.              | Millrose Properties, Inc.                               | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1073000 | PA      | $1082345.83   | 0.66%             | 2030-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Clarios Global LP                      | Clarios Global LP                                       | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    525000 | PA      | $544015.50    | 0.33%             | 2030-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Sirius XM Radio LLC                    | Sirius XM Radio LLC                                     | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    285000 | PA      | $256286.34    | 0.16%             | 2031-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Qnity Electronics, Inc.                | Qnity Electronics, Inc.                                 | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    537000 | PA      | $545697.82    | 0.33%             | 2032-08-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Newell Brands, Inc.                    | Newell Brands, Inc.                                     | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    500000 | PA      | $527862.50    | 0.32%             | 2028-06-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| TEGNA, Inc.                            | TEGNA, Inc.                                             | CUSIP: 87901JAH8<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |    609000 | PA      | $609630.91    | 0.37%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ardonagh Group Finance Ltd.            | Ardonagh Group Finance Ltd.                             | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |    675000 | PA      | $714489.53    | 0.43%             | 2032-02-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Aston Martin Capital Holdings Ltd.     | Aston Martin Capital Holdings Ltd.                      | CUSIP: 04625HAJ8<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |    431000 | PA      | $419275.33    | 0.25%             | 2029-03-31      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Ardagh Metal Packaging Finance USA LLC | Ardagh Metal Packaging Finance USA LLC                  | CUSIP: 03969YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    424000 | PA      | $389068.84    | 0.24%             | 2029-09-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Iron Mountain, Inc.                    | Iron Mountain, Inc.                                     | CUSIP: 46284VAP6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    539000 | PA      | $555369.97    | 0.34%             | 2029-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Star Parent, Inc.                      | Star Parent, Inc.                                       | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |    337000 | PA      | $356787.97    | 0.22%             | 2030-10-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| SBA Communications Corp.               | SBA Communications Corp.                                | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |    665000 | PA      | $625003.43    | 0.38%             | 2029-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| KeHE Distributors LLC                  | KeHE Distributors LLC                                   | CUSIP: 487526AC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    384000 | PA      | $404198.78    | 0.24%             | 2029-02-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| LCM Investments Holdings II LLC        | LCM Investments Holdings II LLC                         | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    471000 | PA      | $462537.54    | 0.28%             | 2029-05-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Weatherford International Ltd.         | Weatherford International Ltd.                          | CUSIP: 947075AU1<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |    738000 | PA      | $756392.44    | 0.46%             | 2030-04-30      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC                       | CCO Holdings LLC                                        | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1295000 | PA      | $1184060.85   | 0.72%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Repurchase Agreement                   | Repurchase Agreement                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               | CORP              | US        |    346785 | PA      | $346784.68    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Aethon United BR LP                    | Aethon United BR LP                                     | CUSIP: 00810GAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    383000 | PA      | $399523.77    | 0.24%             | 2029-10-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Brand Industrial Services, Inc.        | Brand Industrial Services, Inc.                         | CUSIP: 104931AA8<br>LEI: 549300B658W2BPDQMW42 | Long             | DBT              | CORP              | US        |    563000 | PA      | $552769.90    | 0.33%             | 2030-08-01      | Fixed         | 10.38%                | Yes           |                  2 | On Loan: No      |
| Endo Finance Holdings, Inc.            | Endo Finance Holdings, Inc.                             | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    383000 | PA      | $408219.78    | 0.25%             | 2031-04-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC      | Alliant Holdings Intermediate LLC                       | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    799000 | PA      | $826493.59    | 0.50%             | 2031-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Organon & Co.                          | Organon & Co.                                           | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    894000 | PA      | $856122.74    | 0.52%             | 2028-04-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Venture Global LNG, Inc.               | Venture Global LNG, Inc.                                | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   1382000 | PA      | $1449950.18   | 0.88%             | 2031-06-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| EMRLD Borrower LP                      | EMRLD Borrower LP                                       | CUSIP: 29103CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1290000 | PA      | $1324840.32   | 0.80%             | 2030-12-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Shift4 Payments LLC                    | Shift4 Payments LLC                                     | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    815000 | PA      | $845027.86    | 0.51%             | 2032-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Hilcorp Energy I LP                    | Hilcorp Energy I LP                                     | CUSIP: 431318BG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    527000 | PA      | $514436.74    | 0.31%             | 2035-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Herc Holdings, Inc.                    | Herc Holdings, Inc.                                     | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    110000 | PA      | $114481.16    | 0.07%             | 2030-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| SCIH Salt Holdings, Inc.               | SCIH Salt Holdings, Inc.                                | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    443000 | PA      | $432935.70    | 0.26%             | 2028-05-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Sensata Technologies BV                | Sensata Technologies BV                                 | CUSIP: 81725WAK9<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |    416000 | PA      | $398387.43    | 0.24%             | 2029-04-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Civitas Resources, Inc.                | Civitas Resources, Inc.                                 | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    797000 | PA      | $820076.34    | 0.50%             | 2031-07-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Permian Resources Operating LLC        | Permian Resources Operating LLC                         | CUSIP: 71424VAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    450000 | PA      | $466640.55    | 0.28%             | 2032-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                | Quikrete Holdings, Inc.                                 | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    946000 | PA      | $980583.87    | 0.59%             | 2033-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Allied Universal Holdco LLC            | Allied Universal Holdco LLC                             | CUSIP: 019579AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1223000 | PA      | $1193498.18   | 0.72%             | 2028-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Standard Building Solutions, Inc.      | Standard Building Solutions, Inc.                       | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    834000 | PA      | $851719.16    | 0.52%             | 2033-08-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corp.                         | Carnival Corp.                                          | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   1760000 | PA      | $1790800.00   | 1.08%             | 2032-08-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Neptune Bidco US, Inc.                 | Neptune Bidco US, Inc.                                  | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1173498.20   | 0.71%             | 2029-04-15      | Fixed         | 9.29%                 | Yes           |                  2 | On Loan: No      |
| HUB International Ltd.                 | HUB International Ltd.                                  | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    464000 | PA      | $485337.97    | 0.29%             | 2030-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Univision Communications, Inc.         | Univision Communications, Inc.                          | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    782000 | PA      | $811666.73    | 0.49%             | 2028-08-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| United Rentals North America, Inc.     | United Rentals North America, Inc.                      | CUSIP: 911365BR4<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    566000 | PA      | $586278.73    | 0.35%             | 2034-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| CSC Holdings LLC                       | CSC Holdings LLC                                        | CUSIP: 126307BH9<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    481000 | PA      | $312032.19    | 0.19%             | 2031-11-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                       | NRG Energy, Inc.                                        | CUSIP: 629377CR1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    384000 | PA      | $354195.46    | 0.21%             | 2031-02-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| EchoStar Corp.                         | EchoStar Corp.                                          | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   1924000 | PA      | $2070705.00   | 1.25%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Hertz Corp. (The)                      | Hertz Corp. (The)                                       | CUSIP: 428040DC0<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    576000 | PA      | $598581.50    | 0.36%             | 2029-07-15      | Fixed         | 12.62%                | Yes           |                  2 | On Loan: No      |
| Ball Corp.                             | Ball Corp.                                              | CUSIP: 058498AZ9<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    610000 | PA      | $624209.34    | 0.38%             | 2029-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UKG, Inc.                              | UKG, Inc.                                               | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |   1006000 | PA      | $1040244.03   | 0.63%             | 2031-02-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Tenneco, Inc.                          | Tenneco, Inc.                                           | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |    748000 | PA      | $747984.07    | 0.45%             | 2028-11-17      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Comstock Resources, Inc.               | Comstock Resources, Inc.                                | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    529000 | PA      | $521526.76    | 0.32%             | 2029-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Performance Food Group, Inc.           | Performance Food Group, Inc.                            | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    362000 | PA      | $370425.55    | 0.22%             | 2032-09-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| INVESCO GOVT AND AGCY LEX              | INVESCO GOVERNMENT & AGENCY PORTFOLIO OPEN-END FUND USD | CUSIP: 825252885<br>LEI: O37NHJVF7S22I1ONOU83 | Long             | STIV             | RF                | US        |   2830210 | NS      | $2830210.00   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Energy Finance LLC            | Crescent Energy Finance LLC                             | CUSIP: 45344LAD5<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    498000 | PA      | $496303.41    | 0.30%             | 2032-04-01      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| DaVita, Inc.                           | DaVita, Inc.                                            | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    892000 | PA      | $924386.74    | 0.56%             | 2033-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Gray Media, Inc.                       | Gray Media, Inc.                                        | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    618000 | PA      | $672670.75    | 0.41%             | 2029-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Compass Group Diversified Holdings LLC | Compass Group Diversified Holdings LLC                  | CUSIP: 20451RAB8<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |    389000 | PA      | $358899.53    | 0.22%             | 2029-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.  | Clydesdale Acquisition Holdings, Inc.                   | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    354000 | PA      | $363722.66    | 0.22%             | 2032-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| N/A                                    | U.S. Treasury 2 Year Note                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -276 | NC      | $-19871.53    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media, Inc.                    | Nexstar Media, Inc.                                     | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    455000 | PA      | $446625.04    | 0.27%             | 2028-11-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Raven Acquisition Holdings LLC         | Raven Acquisition Holdings LLC                          | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $764045.25    | 0.46%             | 2031-11-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corp.                         | Carnival Corp.                                          | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    258000 | PA      | $264937.36    | 0.16%             | 2033-02-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.   | Clear Channel Outdoor Holdings, Inc.                    | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    847000 | PA      | $791676.33    | 0.48%             | 2029-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: —       |
| Vmed O2 UK Financing I plc             | Vmed O2 UK Financing I plc                              | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    630000 | PA      | $589086.60    | 0.36%             | 2031-07-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| PG&E Corp.                             | PG&E Corp.                                              | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    634000 | PA      | $629264.36    | 0.38%             | 2055-03-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| Jane Street Group                      | Jane Street Group                                       | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    495000 | PA      | $497278.98    | 0.30%             | 2032-11-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                        | TransDigm, Inc.                                         | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1602000 | PA      | $1640218.91   | 0.99%             | 2029-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Venture Global LNG, Inc.               | Venture Global LNG, Inc.                                | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   1030000 | PA      | $1132503.54   | 0.69%             | 2029-02-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Stagwell Global LLC                    | Stagwell Global LLC                                     | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |    492000 | PA      | $474493.80    | 0.29%             | 2029-08-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC      | Alliant Holdings Intermediate LLC                       | CUSIP: 01883LAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    247000 | PA      | $251973.84    | 0.15%             | 2028-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Olympus Water US Holding Corp.         | Olympus Water US Holding Corp.                          | CUSIP: 25259KAA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    803000 | PA      | $841894.11    | 0.51%             | 2028-11-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| FTAI Aviation Investors LLC            | FTAI Aviation Investors LLC                             | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    465000 | PA      | $464827.35    | 0.28%             | 2028-05-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Windstream Escrow LLC                  | Windstream Escrow LLC                                   | CUSIP: 973CONAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       556 | PA      | $0.00         | 0.00%             | 2028-08-15      | Fixed         | 7.75%                 | No            |                  3 | On Loan: No      |
| Builders FirstSource, Inc.             | Builders FirstSource, Inc.                              | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    133000 | PA      | $125004.69    | 0.08%             | 2032-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| VistaJet Malta Finance plc             | VistaJet Malta Finance plc                              | CUSIP: 92840JAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    452000 | PA      | $435010.63    | 0.26%             | 2030-02-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: —       |
| NCL Corp. Ltd.                         | NCL Corp. Ltd.                                          | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    679000 | PA      | $700261.53    | 0.42%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Madison IAQ LLC                        | Madison IAQ LLC                                         | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    532000 | PA      | $526699.05    | 0.32%             | 2029-06-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: —       |
| JetBlue Airways Corp.                  | JetBlue Airways Corp.                                   | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    827000 | PA      | $820762.52    | 0.50%             | 2031-09-20      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| Rogers Communications, Inc.            | Rogers Communications, Inc., Series NC5                 | CUSIP: 775109DG3<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    685000 | PA      | $702470.93    | 0.43%             | 2055-04-15      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs, Inc.                 | Cleveland-Cliffs, Inc.                                  | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    659000 | PA      | $655201.39    | 0.40%             | 2032-03-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: —       |
| TEGNA, Inc.                            | TEGNA, Inc.                                             | CUSIP: 87901JAJ4<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |    296000 | PA      | $293596.01    | 0.18%             | 2028-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Boost Newco Borrower LLC               | Boost Newco Borrower LLC                                | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |    853000 | PA      | $905028.74    | 0.55%             | 2031-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| CoreWeave, Inc.                        | CoreWeave, Inc.                                         | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    835000 | PA      | $838004.33    | 0.51%             | 2030-06-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Alpha Generation LLC                   | Alpha Generation LLC                                    | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    485000 | PA      | $500003.48    | 0.30%             | 2032-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Fair Isaac Corp.                       | Fair Isaac Corp.                                        | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    500000 | PA      | $506622.00    | 0.31%             | 2033-05-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC ULC                         | 1011778 BC ULC                                          | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1004000 | PA      | $938724.94    | 0.57%             | 2030-10-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                    | U.S. Treasury 10 Year Note                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -173 | NC      | $-41604.59    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp.                 | Tenet Healthcare Corp.                                  | CUSIP: 88033GDQ0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    737000 | PA      | $748256.20    | 0.45%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC           | MPH Acquisition Holdings LLC                            | CUSIP: 553283AD4<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |    485000 | PA      | $375268.75    | 0.23%             | 2028-09-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Rocket Cos., Inc.                      | Rocket Cos., Inc.                                       | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    821000 | PA      | $844981.41    | 0.51%             | 2030-08-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Repurchase Agreement                   | Repurchase Agreement                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               | CORP              | US        |   1428954 | PA      | $1428953.73   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Spirit AeroSystems, Inc.               | Spirit AeroSystems, Inc.                                | CUSIP: 85205TAR1<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    527000 | PA      | $580377.72    | 0.35%             | 2030-11-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Ryan Specialty LLC                     | Ryan Specialty LLC                                      | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |    844000 | PA      | $850044.73    | 0.51%             | 2032-08-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Wynn Resorts Finance LLC               | Wynn Resorts Finance LLC                                | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    426000 | PA      | $458540.01    | 0.28%             | 2031-02-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| 1261229 BC Ltd.                        | 1261229 BC Ltd.                                         | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1280000 | PA      | $1329195.52   | 0.80%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Rogers Communications, Inc.            | Rogers Communications, Inc.                             | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    388000 | PA      | $402603.30    | 0.24%             | 2055-04-15      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| Repurchase Agreement                   | Repurchase Agreement                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               | CORP              | US        |    216740 | PA      | $216740.43    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Fertitta Entertainment LLC             | Fertitta Entertainment LLC                              | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    592000 | PA      | $556763.63    | 0.34%             | 2030-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Rocket Cos., Inc.                      | Rocket Cos., Inc.                                       | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1087000 | PA      | $1127754.89   | 0.68%             | 2033-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Vistra Operations Co. LLC              | Vistra Operations Co. LLC                               | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    550000 | PA      | $537599.81    | 0.33%             | 2029-05-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Tronox, Inc.                           | Tronox, Inc.                                            | CUSIP: 897051AC2<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |    500000 | PA      | $369116.20    | 0.22%             | 2029-03-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Amentum Holdings, Inc.                 | Amentum Holdings, Inc.                                  | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |    529000 | PA      | $551718.96    | 0.33%             | 2032-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Acrisure LLC                           | Acrisure LLC                                            | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    489000 | PA      | $507035.79    | 0.31%             | 2030-11-06      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| NCR Atleos Corp.                       | NCR Atleos Corp.                                        | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |    505000 | PA      | $547601.30    | 0.33%             | 2029-04-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| AthenaHealth Group, Inc.               | AthenaHealth Group, Inc.                                | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |   1041000 | PA      | $1021128.98   | 0.62%             | 2030-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| VZ Secured Financing BV                | VZ Secured Financing BV                                 | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |    711000 | PA      | $631327.69    | 0.38%             | 2032-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Repurchase Agreement                   | Repurchase Agreement                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               | CORP              | US        |     86696 | PA      | $86696.17     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| New Fortress Energy, Inc.              | New Fortress Energy, Inc.                               | CUSIP: 644393AB6<br>LEI: 254900EICTYTCHA5X705 | Long             | DBT              | CORP              | US        |    319000 | PA      | $111650.00    | 0.07%             | 2026-09-30      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CACI International, Inc.               | CACI International, Inc.                                | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |    228000 | PA      | $235305.80    | 0.14%             | 2033-06-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Chart Industries, Inc.                 | Chart Industries, Inc.                                  | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    646000 | PA      | $677028.67    | 0.41%             | 2030-01-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Repurchase Agreement                   | Repurchase Agreement                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               | CORP              | US        |    476829 | PA      | $476828.94    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Medline Borrower LP                    | Medline Borrower LP                                     | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   2167000 | PA      | $2145990.94   | 1.30%             | 2029-10-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.            | First Quantum Minerals Ltd.                             | CUSIP: 335934AV7<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   1485000 | PA      | $1578686.69   | 0.96%             | 2029-03-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| Veritiv Operating Co.                  | Veritiv Operating Co.                                   | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |    399000 | PA      | $431788.62    | 0.26%             | 2030-11-30      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| American Airlines, Inc.                | American Airlines, Inc.                                 | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1447947.36   | 0.88%             | 2029-04-20      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| EquipmentShare.com, Inc.               | EquipmentShare.com, Inc.                                | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |    441000 | PA      | $467059.57    | 0.28%             | 2028-05-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Organon & Co.                          | Organon & Co.                                           | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    767000 | PA      | $657352.21    | 0.40%             | 2031-04-30      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Churchill Downs, Inc.                  | Churchill Downs, Inc.                                   | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    609000 | PA      | $609066.39    | 0.37%             | 2030-04-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| GFL Environmental, Inc.                | GFL Environmental, Inc.                                 | CUSIP: 36168QAQ7<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $521837.34    | 0.32%             | 2031-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| HUB International Ltd.                 | HUB International Ltd.                                  | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   1458000 | PA      | $1533569.60   | 0.93%             | 2032-01-31      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Community Health Systems, Inc.         | Community Health Systems, Inc.                          | CUSIP: 12543DBQ2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    183000 | PA      | $185188.20    | 0.11%             | 2034-01-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.            | Caesars Entertainment, Inc.                             | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    581000 | PA      | $600748.19    | 0.36%             | 2030-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                        | TransDigm, Inc.                                         | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    659000 | PA      | $667843.12    | 0.40%             | 2033-05-31      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Repurchase Agreement                   | Repurchase Agreement                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               | CORP              | US        |   1083702 | PA      | $1083702.13   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| NCL Corp. Ltd.                         | NCL Corp. Ltd.                                          | CUSIP: 62886HBE0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    711000 | PA      | $712544.29    | 0.43%             | 2027-02-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Civitas Resources, Inc.                | Civitas Resources, Inc.                                 | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    376000 | PA      | $390496.68    | 0.24%             | 2028-07-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Garda World Security Corp.             | Garda World Security Corp.                              | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    442000 | PA      | $460997.65    | 0.28%             | 2032-11-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Iron Mountain, Inc.                    | Iron Mountain, Inc.                                     | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    455000 | PA      | $464917.64    | 0.28%             | 2033-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** ProShares Trust

**Signature:** Maria Clem Sell

**Name of Signer:** Maria Clem Sell

**Title:** Treasurer