# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0000035402-26-000431
**Filing Date:** 2026-1
**Character Count:** 197015
**Document Hash:** 2480ca0e6782288c6d68311c85df0fde
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-000431.hdr.sgml**: 20260123

**ACCESSION NUMBER**: 0000035402-26-000431

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260123

**DATE AS OF CHANGE**: 20260123

**PERIOD START**: 20260831

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07319
- **FILM NUMBER:** 26555371

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

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

## Series and Classes Contracts Data

### Fidelity Enhanced High Yield ETF (Series ID: S000062078)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000201027 | Fidelity Enhanced High Yield ETF | FDHY            |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Enhanced High Yield ETF**

**November 30, 2025**

HIE-NPRT1-0126

1.9887637.107 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 97.8%** | &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 97.8%** | &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 97.8%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| AUSTRALIA - 2.2%  |  |  |
| Materials - 2.2% |  |  |
| Chemicals - 0.4% |  |  |
| Nufarm Australia Ltd / Nufarm Americas Inc 5% 1/27/2030 (b) | 1755000 | 1583513 |
| Metals & Mining - 1.8% |  |  |
| Fortescue Treasury Pty Ltd 4.375% 4/1/2031 (b) | 560000 | 540171 |
| Fortescue Treasury Pty Ltd 5.875% 4/15/2030 (b) | 1328000 | 1371732 |
| Fortescue Treasury Pty Ltd 6.125% 4/15/2032 (b) | 500000 | 521888 |
| Mineral Resources Ltd 7% 4/1/2031 (b) | 1490000 | 1548669 |
| Mineral Resources Ltd 8.5% 5/1/2030 (b) | 4129000 | 4291191 |
|  |  | 8273651 |
| TOTAL AUSTRALIA |  | 9857164 |
| AUSTRIA - 0.3%  |  |  |
| Information Technology - 0.3% |  |  |
| Semiconductors & Semiconductor Equipment - 0.3% |  |  |
| ams-OSRAM AG 12.25% 3/30/2029 (b) | 1350000 | 1444181 |
| BRAZIL - 0.6%  |  |  |
| Energy - 0.6% |  |  |
| Oil, Gas & Consumable Fuels - 0.6% |  |  |
| Karoon USA Finance Inc 10.5% 5/14/2029 (b) | 2651000 | 2734594 |
| CAMEROON - 0.7%  |  |  |
| Energy - 0.7% |  |  |
| Oil, Gas & Consumable Fuels - 0.7% |  |  |
| Golar LNG Ltd 7.5% 10/2/2030 (b) | 3350000 | 3256837 |
| CANADA - 6.7%  |  |  |
| Consumer Discretionary - 2.6% |  |  |
| Hotels, Restaurants & Leisure - 1.4% |  |  |
| 1011778 BC ULC / New Red Finance Inc 4% 10/15/2030 (b) | 2750000 | 2620439 |
| 1011778 BC ULC / New Red Finance Inc 4.375% 1/15/2028 (b) | 1240000 | 1228998 |
| 1011778 BC ULC / New Red Finance Inc 6.125% 6/15/2029 (b) | 2000000 | 2062026 |
|  |  | 5911463 |
| Household Durables - 1.2% |  |  |
| Brookfield Residential Properties Inc / Brookfield Residential US LLC 4.875% 2/15/2030 (b) | 3000000 | 2782500 |
| Brookfield Residential Properties Inc / Brookfield Residential US LLC 5% 6/15/2029 (b) | 2784000 | 2679505 |
| Empire Communities Corp 9.75% 5/1/2029 (b) | 134000 | 134670 |
|  |  | 5596675 |
| TOTAL CONSUMER DISCRETIONARY |  | 11508138 |
| Energy - 0.5% |  |  |
| Oil, Gas & Consumable Fuels - 0.5% |  |  |
| Saturn Oil & Gas Inc 9.625% 6/15/2029 (b) | 2243000 | 2281148 |
| Financials - 0.6% |  |  |
| Consumer Finance - 0.6% |  |  |
| goeasy Ltd 7.375% 10/1/2030 (b) | 1000000 | 967839 |
| goeasy Ltd 9.25% 12/1/2028 (b) | 1575000 | 1621949 |
|  |  | 2589788 |
| Industrials - 1.6% |  |  |
| Aerospace & Defense - 0.3% |  |  |
| Bombardier Inc 6.75% 6/15/2033 (b) | 935000 | 986044 |
| Bombardier Inc 7.25% 7/1/2031 (b) | 430000 | 458024 |
|  |  | 1444068 |
| Machinery - 1.3% |  |  |
| ATS Corp 4.125% 12/15/2028 (b) | 1918000 | 1861350 |
| New Flyer Holdings Inc 9.25% 7/1/2030 (b) | 3765000 | 4032383 |
|  |  | 5893733 |
| TOTAL INDUSTRIALS |  | 7337801 |
| Materials - 0.8% |  |  |
| Metals & Mining - 0.8% |  |  |
| Champion Iron Canada Inc 7.875% 7/15/2032 (b) | 1000000 | 1053131 |
| Taseko Mines Ltd 8.25% 5/1/2030 (b) | 2380000 | 2523888 |
|  |  | 3577019 |
| Utilities - 0.6% |  |  |
| Electric Utilities - 0.4% |  |  |
| Emera Inc 6.75% 6/15/2076 (c) | 1725000 | 1737622 |
| Gas Utilities - 0.2% |  |  |
| AltaGas Ltd 7.2% 10/15/2054 (b)(c) | 1000000 | 1034599 |
| TOTAL UTILITIES |  | 2772221 |
| TOTAL CANADA |  | 30066115 |
| COTE D'IVOIRE - 0.2%  |  |  |
| Materials - 0.2% |  |  |
| Metals & Mining - 0.2% |  |  |
| Endeavour Mining PLC 7% 5/28/2030 (b) | 700000 | 721735 |
| DENMARK - 0.4%  |  |  |
| Health Care - 0.4% |  |  |
| Biotechnology - 0.4% |  |  |
| GENMAB A/S/GENMAB FINANCE LLC 6.25% 12/15/2032 (b)(d) | 520000 | 534680 |
| GENMAB A/S/GENMAB FINANCE LLC 7.25% 12/15/2033 (b)(d) | 1100000 | 1152016 |
| TOTAL DENMARK |  | 1686696 |
| FINLAND - 0.6%  |  |  |
| Consumer Discretionary - 0.6% |  |  |
| Leisure Products - 0.6% |  |  |
| Amer Sports Co 6.75% 2/16/2031 (b) | 2437000 | 2540577 |
| FRANCE - 0.2%  |  |  |
| Energy - 0.2% |  |  |
| Energy Equipment & Services - 0.2% |  |  |
| Viridien 10% 10/15/2030 (b) | 1025000 | 1080529 |
| GRAND CAYMAN (UK OVERSEAS TER) - 0.6%  |  |  |
| Financials - 0.6% |  |  |
| Financial Services - 0.6% |  |  |
| Global Aircraft Leasing Co Ltd 8.75% 9/1/2027 (b) | 2715000 | 2807945 |
| GREECE - 0.6%  |  |  |
| Industrials - 0.6% |  |  |
| Marine Transportation - 0.6% |  |  |
| Danaos Corp 6.875% 10/15/2032 (b) | 2700000 | 2747987 |
| GUATEMALA - 1.2%  |  |  |
| Communication Services - 1.2% |  |  |
| Wireless Telecommunication Services - 1.2% |  |  |
| Millicom International Cellular SA 4.5% 4/27/2031 (b) | 3805000 | 3530089 |
| Millicom International Cellular SA 7.375% 4/2/2032 (b) | 1829000 | 1897185 |
| TOTAL GUATEMALA |  | 5427274 |
| INDONESIA - 0.5%  |  |  |
| Materials - 0.5% |  |  |
| Metals & Mining - 0.5% |  |  |
| Nickel Industries Ltd 9% 9/30/2030 (b) | 2000000 | 2057500 |
| IRELAND - 0.3%  |  |  |
| Financials - 0.1% |  |  |
| Financial Services - 0.1% |  |  |
| GGAM Finance Ltd 6.875% 4/15/2029 (b) | 380000 | 394299 |
| Industrials - 0.2% |  |  |
| Commercial Services & Supplies - 0.2% |  |  |
| Cimpress PLC 7.375% 9/15/2032 (b) | 1000000 | 1020082 |
| TOTAL IRELAND |  | 1414381 |
| ITALY - 1.2%  |  |  |
| Communication Services - 1.1% |  |  |
| Diversified Telecommunication Services - 1.1% |  |  |
| Telecom Italia Capital SA 7.2% 7/18/2036  | 1175000 | 1277726 |
| Telecom Italia Capital SA 7.721% 6/4/2038  | 3420000 | 3785417 |
|  |  | 5063143 |
| Financials - 0.1% |  |  |
| Banks - 0.1% |  |  |
| UniCredit SpA 5.459% 6/30/2035 (b)(c) | 150000 | 152602 |
| UniCredit SpA 7.296% 4/2/2034 (b)(c) | 328693 | 352514 |
|  |  | 505116 |
| TOTAL ITALY |  | 5568259 |
| JAPAN - 0.2%  |  |  |
| Consumer Discretionary - 0.2% |  |  |
| Broadline Retail - 0.2% |  |  |
| Rakuten Group Inc 9.75% 4/15/2029 (b) | 1000000 | 1111191 |
| SWEDEN - 0.1%  |  |  |
| Industrials - 0.1% |  |  |
| Commercial Services & Supplies - 0.1% |  |  |
| Stena International SA 7.625% 2/15/2031 (b) | 522000 | 535040 |
| TANZANIA - 0.6%  |  |  |
| Information Technology - 0.6% |  |  |
| Communications Equipment - 0.6% |  |  |
| HTA Group Ltd/Mauritius 7.5% 6/4/2029 (b) | 2500000 | 2592200 |
| TURKEY - 0.3%  |  |  |
| Materials - 0.3% |  |  |
| Metals & Mining - 0.3% |  |  |
| Eldorado Gold Corp 6.25% 9/1/2029 (b) | 1517000 | 1524585 |
| UNITED KINGDOM - 2.6%  |  |  |
| Communication Services - 0.3% |  |  |
| Media - 0.3% |  |  |
| Virgin Media Secured Finance PLC 5.5% 5/15/2029 (b) | 1550000 | 1521868 |
| Consumer Discretionary - 0.7% |  |  |
| Specialty Retail - 0.7% |  |  |
| Belron UK Finance PLC 5.75% 10/15/2029 (b) | 3200000 | 3254179 |
| Energy - 1.1% |  |  |
| Oil, Gas & Consumable Fuels - 1.1% |  |  |
| EnQuest PLC 11.625% 11/1/2027 (b) | 3514000 | 3555862 |
| Ithaca Energy North Sea PLC 8.125% 10/15/2029 (b) | 1255000 | 1313680 |
|  |  | 4869542 |
| Financials - 0.5% |  |  |
| Capital Markets - 0.3% |  |  |
| Marex Group PLC 5.829% 5/8/2028  | 1000000 | 1014804 |
| Financial Services - 0.1% |  |  |
| Zegona Finance PLC 8.625% 7/15/2029 (b) | 452000 | 478842 |
| Insurance - 0.1% |  |  |
| Ardonagh Finco Ltd 7.75% 2/15/2031 (b) | 324000 | 338745 |
| TOTAL FINANCIALS |  | 1832391 |
| TOTAL UNITED KINGDOM |  | 11477980 |
| UNITED STATES - 77.7%  |  |  |
| Communication Services - 8.3% |  |  |
| Diversified Telecommunication Services - 1.5% |  |  |
| APLD ComputeCo LLC 9.25% 12/15/2030 (b) | 1310000 | 1262512 |
| Cipher Compute LLC 7.125% 11/15/2030 (b) | 285000 | 289543 |
| GCI LLC 4.75% 10/15/2028 (b) | 3830000 | 3711429 |
| WULF Compute LLC 7.75% 10/15/2030 (b) | 1565000 | 1618086 |
|  |  | 6881570 |
| Entertainment - 1.3% |  |  |
| Cinemark USA Inc 5.25% 7/15/2028 (b) | 315000 | 314179 |
| Live Nation Entertainment Inc 4.75% 10/15/2027 (b)(e) | 5625000 | 5615434 |
|  |  | 5929613 |
| Media - 5.5% |  |  |
| AMC Networks Inc 10.25% 1/15/2029 (b) | 1400000 | 1468730 |
| AMC Networks Inc 10.5% 7/15/2032 (b)(e) | 1160000 | 1242659 |
| CCO Holdings LLC / CCO Holdings Capital Corp 4.25% 1/15/2034 (b)(e) | 2136000 | 1809893 |
| CCO Holdings LLC / CCO Holdings Capital Corp 4.25% 2/1/2031 (b) | 75000 | 69092 |
| CCO Holdings LLC / CCO Holdings Capital Corp 4.5% 6/1/2033 (b) | 1040000 | 913646 |
| Directv Financing LLC / Directv Financing Co-Obligor Inc 10% 2/15/2031 (b) | 2000000 | 1986658 |
| Directv Financing LLC / Directv Financing Co-Obligor Inc 5.875% 8/15/2027 (b) | 875000 | 875258 |
| Directv Financing LLC 8.875% 2/1/2030 (b) | 2691000 | 2671642 |
| Directv Financing LLC 8.875% 2/1/2030 (b) | 1510000 | 1493614 |
| Dotdash Meredith Inc 7.625% 6/15/2032 (b) | 1945000 | 1761548 |
| EchoStar Corp 10.75% 11/30/2029  | 2085000 | 2298713 |
| Lamar Media Corp 3.625% 1/15/2031 (e) | 2120000 | 2000353 |
| Lamar Media Corp 5.375% 11/1/2033 (b)(e) | 845000 | 845921 |
| Nexstar Media Inc 4.75% 11/1/2028 (b) | 1302000 | 1291191 |
| Outfront Media Capital LLC / Outfront Media Capital Corp 4.25% 1/15/2029 (b) | 105000 | 102016 |
| Univision Communications Inc 9.375% 8/1/2032 (b)(e) | 1865000 | 1979813 |
| Warnermedia Holdings Inc 5.05% 3/15/2042 (e) | 1795000 | 1435767 |
|  |  | 24246514 |
| TOTAL COMMUNICATION SERVICES |  | 37057697 |
| Consumer Discretionary - 11.5% |  |  |
| Automobile Components - 2.2% |  |  |
| American Axle & Manufacturing Inc 6.375% 10/15/2032 (b) | 325000 | 326994 |
| American Axle & Manufacturing Inc 7.75% 10/15/2033 (b)(e) | 610000 | 616065 |
| Aptiv Swiss Holdings Ltd 6.875% 12/15/2054 (c) | 3000000 | 3080388 |
| Garrett Motion Holdings Inc / Garrett LX I Sarl 7.75% 5/31/2032 (b) | 2388000 | 2523163 |
| Patrick Industries Inc 6.375% 11/1/2032 (b)(e) | 1000000 | 1024189 |
| Phinia Inc 6.625% 10/15/2032 (b) | 2104000 | 2178195 |
|  |  | 9748994 |
| Automobiles - 0.2% |  |  |
| Thor Industries Inc 4% 10/15/2029 (b)(e) | 707000 | 676636 |
| Broadline Retail - 1.0% |  |  |
| Wayfair LLC 6.75% 11/15/2032 (b) | 275000 | 280597 |
| Wayfair LLC 7.75% 9/15/2030 (b)(e) | 4105000 | 4375011 |
|  |  | 4655608 |
| Diversified Consumer Services - 0.4% |  |  |
| Adtalem Global Education Inc 5.5% 3/1/2028 (b) | 1965000 | 1960568 |
| Hotels, Restaurants & Leisure - 4.5% |  |  |
| Acushnet Co 5.625% 12/1/2033 (b) | 285000 | 287214 |
| Carnival Corp 5.75% 8/1/2032 (b) | 1000000 | 1025113 |
| Hilton Domestic Operating Co Inc 5.75% 9/15/2033 (b) | 1050000 | 1076240 |
| Light & Wonder International Inc 6.25% 10/1/2033 (b) | 630000 | 633871 |
| Light & Wonder International Inc 7.25% 11/15/2029 (b) | 45000 | 46217 |
| Marriott Ownership Resorts Inc 6.5% 10/1/2033 (b) | 625000 | 594169 |
| Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp 4.875% 5/1/2029 (b) | 1972000 | 1925953 |
| NCL Corp Ltd 6.25% 9/15/2033 (b) | 840000 | 829943 |
| Resorts World Las Vegas LLC / RWLV Capital Inc 4.625% 4/6/2031 (b) | 1800000 | 1489902 |
| Resorts World Las Vegas LLC / RWLV Capital Inc 8.45% 7/27/2030 (b) | 3746000 | 3699035 |
| Travel + Leisure Co 4.5% 12/1/2029 (b)(e) | 2455000 | 2395192 |
| Viking Cruises Ltd 5.875% 10/15/2033 (b) | 1495000 | 1519237 |
| Viking Cruises Ltd 9.125% 7/15/2031 (b) | 520000 | 557831 |
| Wyndham Hotels & Resorts Inc 4.375% 8/15/2028 (b) | 1060000 | 1043209 |
| Wynn Resorts Finance LLC / Wynn Resorts Capital Corp 6.25% 3/15/2033 (b)(e) | 1000000 | 1022550 |
| Wynn Resorts Finance LLC / Wynn Resorts Capital Corp 7.125% 2/15/2031 (b)(e) | 1527000 | 1649680 |
|  |  | 19795356 |
| Household Durables - 1.6% |  |  |
| Dream Finders Homes Inc 6.875% 9/15/2030 (b) | 620000 | 624832 |
| Installed Building Products Inc 5.75% 2/1/2028 (b) | 750000 | 751079 |
| K Hovnanian Enterprises Inc 8.375% 10/1/2033 (b) | 1050000 | 1081133 |
| LGI Homes Inc 4% 7/15/2029 (b) | 883000 | 806965 |
| Somnigroup International Inc 3.875% 10/15/2031 (b)(e) | 3453000 | 3230670 |
| TopBuild Corp 5.625% 1/31/2034 (b) | 850000 | 861604 |
|  |  | 7356283 |
| Specialty Retail - 1.0% |  |  |
| Advance Auto Parts Inc 7.375% 8/1/2033 (b)(e) | 1625000 | 1655453 |
| Carvana Co 9% 6/1/2031 pay-in-kind (b)(c) | 2660700 | 2992409 |
|  |  | 4647862 |
| Textiles, Apparel & Luxury Goods - 0.6% |  |  |
| Kontoor Brands Inc 4.125% 11/15/2029 (b) | 2020000 | 1919663 |
| William Carter Co/The 7.38% 2/15/2031 (b)(e) | 655000 | 668069 |
|  |  | 2587732 |
| TOTAL CONSUMER DISCRETIONARY |  | 51429039 |
| Consumer Staples - 1.3% |  |  |
| Consumer Staples Distribution & Retail - 0.5% |  |  |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC 5.5% 3/31/2031 (b) | 385000 | 390261 |
| Performance Food Group Inc 4.25% 8/1/2029 (b) | 1801000 | 1768286 |
| US Foods Inc 4.75% 2/15/2029 (b) | 45000 | 44790 |
|  |  | 2203337 |
| Food Products - 0.4% |  |  |
| Post Holdings Inc 4.625% 4/15/2030 (b) | 862000 | 839600 |
| Post Holdings Inc 6.375% 3/1/2033 (b)(e) | 1122000 | 1135651 |
|  |  | 1975251 |
| Household Products - 0.4% |  |  |
| Energizer Holdings Inc 4.75% 6/15/2028 (b) | 823000 | 812761 |
| Energizer Holdings Inc 6% 9/15/2033 (b)(e) | 840000 | 792944 |
|  |  | 1605705 |
| TOTAL CONSUMER STAPLES |  | 5784293 |
| Energy - 7.7% |  |  |
| Energy Equipment & Services - 1.2% |  |  |
| Nabors Industries Inc 7.625% 11/15/2032 (b) | 325000 | 315122 |
| Noble Finance II LLC 8% 4/15/2030 (b) | 885000 | 919409 |
| Valaris Ltd 8.375% 4/30/2030 (b) | 2392000 | 2495485 |
| Weatherford International Ltd 6.75% 10/15/2033 (b) | 1500000 | 1535225 |
|  |  | 5265241 |
| Oil, Gas & Consumable Fuels - 6.5% |  |  |
| Alliance Resource Operating Partners LP / Alliance Resource Finance Corp 8.625% 6/15/2029 (b) | 762000 | 803747 |
| BKV Upstream Midstream LLC 7.5% 10/15/2030 (b) | 855000 | 861346 |
| California Resources Corp 7% 1/15/2034 (b)(e) | 1070000 | 1067308 |
| California Resources Corp 8.25% 6/15/2029 (b) | 2820000 | 2950496 |
| Comstock Resources Inc 6.75% 3/1/2029 (b) | 3003000 | 2986456 |
| Comstock Resources Inc 6.75% 3/1/2029 (b)(e) | 1100000 | 1103335 |
| CQP Holdco LP / BIP-V Chinook Holdco LLC 7.5% 12/15/2033 (b) | 365000 | 395394 |
| CVR Energy Inc 8.5% 1/15/2029 (b) | 1100000 | 1131318 |
| DBR Land Holdings LLC 6.25% 12/1/2030 (b) | 520000 | 526661 |
| Delek Logistics Partners LP / Delek Logistics Finance Corp 7.125% 6/1/2028 (b) | 1411000 | 1419041 |
| Delek Logistics Partners LP / Delek Logistics Finance Corp 7.375% 6/30/2033 (b) | 945000 | 968123 |
| Delek Logistics Partners LP / Delek Logistics Finance Corp 8.625% 3/15/2029 (b) | 3018000 | 3163335 |
| Global Partners LP / GLP Finance Corp 7.125% 7/1/2033 (b) | 981000 | 996357 |
| Global Partners LP / GLP Finance Corp 8.25% 1/15/2032 (b) | 335000 | 351253 |
| Harvest Midstream I LP 7.5% 5/15/2032 (b) | 565000 | 587108 |
| Harvest Midstream I LP 7.5% 9/1/2028 (b) | 50000 | 50708 |
| Kinetik Holdings LP 6.625% 12/15/2028 (b) | 935000 | 961866 |
| Moss Creek Resources Holdings Inc 8.25% 9/1/2031 (b)(e) | 1350000 | 1294742 |
| Murphy Oil USA Inc 3.75% 2/15/2031 (b) | 1250000 | 1171919 |
| NGL Energy Operating LLC / NGL Energy Finance Corp 8.125% 2/15/2029 (b) | 1950000 | 2006008 |
| Northern Oil & Gas Inc 7.875% 10/15/2033 (b) | 320000 | 311424 |
| Sunoco LP 6.625% 8/15/2032 (b) | 1000000 | 1030932 |
| TGNR Intermediate Holdings LLC 5.5% 10/15/2029 (b) | 2340000 | 2291807 |
| Venture Global LNG Inc 9.5% 2/1/2029 (b) | 650000 | 685533 |
|  |  | 29116217 |
| TOTAL ENERGY |  | 34381458 |
| Financials - 10.1% |  |  |
| Capital Markets - 0.5% |  |  |
| Focus Financial Partners LLC 6.75% 9/15/2031 (b) | 641000 | 662257 |
| Main Street Capital Corp 5.4% 8/15/2028  | 800000 | 801987 |
| Stonex Escrow Issuer LLC 6.875% 7/15/2032 (b) | 750000 | 776328 |
|  |  | 2240572 |
| Consumer Finance - 4.3% |  |  |
| Atlanticus Holdings Corp 9.75% 9/1/2030 (b) | 1805000 | 1743874 |
| Bread Financial Holdings Inc 6.75% 5/15/2031 (b) | 1095000 | 1117868 |
| Bread Financial Holdings Inc 8.375% 6/15/2035 (b)(c) | 2820000 | 2890523 |
| Credit Acceptance Corp 6.625% 3/15/2030 (b)(e) | 500000 | 496364 |
| Encore Capital Group Inc 6.625% 4/15/2031 (b)(e) | 640000 | 639804 |
| Enova International Inc 9.125% 8/1/2029 (b)(e) | 4234000 | 4472802 |
| FirstCash Inc 5.625% 1/1/2030 (b) | 1214000 | 1221606 |
| OneMain Finance Corp 3.875% 9/15/2028 (e) | 1857000 | 1802168 |
| OneMain Finance Corp 6.625% 1/15/2028 (e) | 731000 | 749708 |
| OneMain Finance Corp 7.875% 3/15/2030  | 1166000 | 1234107 |
| PROG Holdings Inc 6% 11/15/2029 (b) | 1250000 | 1230100 |
| Synchrony Financial 7.25% 2/2/2033 (e) | 1809000 | 1938050 |
|  |  | 19536974 |
| Financial Services - 2.7% |  |  |
| Block Inc 6% 8/15/2033 (b) | 305000 | 313465 |
| HA Sustainable Infrastructure Capital Inc 6.15% 1/15/2031  | 1000000 | 1024335 |
| HA Sustainable Infrastructure Capital Inc 8% 6/1/2056 (c) | 655000 | 667397 |
| Icahn Enterprises LP / Icahn Enterprises Finance Corp 10% 11/15/2029 (b) | 800000 | 802000 |
| Icahn Enterprises LP / Icahn Enterprises Finance Corp 4.375% 2/1/2029  | 347000 | 302237 |
| Icahn Enterprises LP / Icahn Enterprises Finance Corp 5.25% 5/15/2027  | 2000000 | 1974298 |
| Jefferson Capital Holdin 9.5% 2/15/2029 (b) | 500000 | 527907 |
| PennyMac Financial Services Inc 5.75% 9/15/2031 (b)(e) | 1085000 | 1093548 |
| PennyMac Financial Services Inc 6.75% 2/15/2034 (b) | 925000 | 953146 |
| PennyMac Financial Services Inc 6.875% 5/15/2032 (b)(e) | 1850000 | 1931293 |
| PennyMac Financial Services Inc 7.875% 12/15/2029 (b) | 1115000 | 1189247 |
| Shift4 Payments LLC / Shift4 Payments Finance Sub Inc 6.75% 8/15/2032 (b)(e) | 1135000 | 1179733 |
|  |  | 11958606 |
| Insurance - 0.8% |  |  |
| Acrisure LLC / Acrisure Finance Inc 7.5% 11/6/2030 (b)(e) | 1055000 | 1095498 |
| Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer 6.5% 10/1/2031 (b) | 500000 | 514358 |
| Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer 7% 1/15/2031 (b) | 725000 | 753268 |
| AmWINS Group Inc 6.375% 2/15/2029 (b)(e) | 500000 | 513815 |
| Panther Escrow Issuer LLC 7.125% 6/1/2031 (b) | 854000 | 883050 |
|  |  | 3759989 |
| Mortgage Real Estate Investment Trusts (REITs) - 1.8% |  |  |
| Apollo Commercial Real Estate Finance Inc 4.625% 6/15/2029 (b)(e) | 2161000 | 2099451 |
| EF Holdco / EF Cayman Hold / Ellington Fin REIT Cayman/TRS / EF Cayman Non-MTM 7.375% 9/30/2030 (b) | 640000 | 646545 |
| Rithm Capital Corp 8% 4/1/2029 (b) | 3746000 | 3827078 |
| Rithm Capital Corp 8% 7/15/2030 (b) | 1305000 | 1330141 |
|  |  | 7903215 |
| TOTAL FINANCIALS |  | 45399356 |
| Health Care - 4.7% |  |  |
| Health Care Equipment & Supplies - 0.5% |  |  |
| Insulet Corp 6.5% 4/1/2033 (b) | 165000 | 172335 |
| Medline Borrower LP 5.25% 10/1/2029 (b) | 542000 | 543266 |
| Medline Borrower LP/Medline Co-Issuer Inc 6.25% 4/1/2029 (b) | 1630000 | 1685942 |
|  |  | 2401543 |
| Health Care Providers & Services - 1.9% |  |  |
| DaVita Inc 3.75% 2/15/2031 (b)(e) | 1000000 | 927308 |
| DaVita Inc 4.625% 6/1/2030 (b) | 2199000 | 2132893 |
| DaVita Inc 6.75% 7/15/2033 (b)(e) | 1850000 | 1922363 |
| DaVita Inc 6.875% 9/1/2032 (b)(e) | 900000 | 936475 |
| LifePoint Health Inc 11% 10/15/2030 (b) | 1600000 | 1761355 |
| LifePoint Health Inc 9.875% 8/15/2030 (b)(e) | 492000 | 529720 |
| Tenet Healthcare Corp 6% 11/15/2033 (b) | 355000 | 366547 |
|  |  | 8576661 |
| Health Care Technology - 0.2% |  |  |
| IQVIA Inc 6.25% 6/1/2032 (b) | 740000 | 774014 |
| Pharmaceuticals - 2.1% |  |  |
| 1261229 BC Ltd 10% 4/15/2032 (b) | 1400000 | 1447341 |
| Amneal Pharmaceuticals LLC 6.875% 8/1/2032 (b) | 355000 | 374978 |
| Endo Finance Holdings Inc 8.5% 4/15/2031 (b) | 460000 | 478527 |
| HLF Financing Sarl LLC / Herbalife International Inc 12.25% 4/15/2029 (b) | 2293000 | 2470568 |
| HLF Financing Sarl LLC / Herbalife International Inc 4.875% 6/1/2029 (b)(e) | 2700000 | 2523643 |
| Jazz Securities DAC 4.375% 1/15/2029 (b) | 1873000 | 1849016 |
|  |  | 9144073 |
| TOTAL HEALTH CARE |  | 20896291 |
| Industrials - 13.4% |  |  |
| Aerospace & Defense - 3.0% |  |  |
| Axon Enterprise Inc 6.25% 3/15/2033 (b) | 490000 | 508734 |
| BWX Technologies Inc 4.125% 6/30/2028 (b) | 600000 | 588640 |
| Carpenter Technology Corp 5.625% 3/1/2034 (b) | 600000 | 609811 |
| Moog Inc 4.25% 12/15/2027 (b)(e) | 2000000 | 1988544 |
| TransDigm Inc 4.625% 1/15/2029  | 2600000 | 2568029 |
| TransDigm Inc 4.875% 5/1/2029  | 2775000 | 2757626 |
| TransDigm Inc 6.25% 1/31/2034 (b) | 135000 | 139973 |
| TransDigm Inc 6.375% 3/1/2029 (b)(e) | 500000 | 515000 |
| TransDigm Inc 6.375% 5/31/2033 (b) | 920000 | 942996 |
| TransDigm Inc 6.875% 12/15/2030 (b) | 2588000 | 2697949 |
|  |  | 13317302 |
| Building Products - 1.3% |  |  |
| Builders FirstSource Inc 4.25% 2/1/2032 (b) | 1000000 | 950456 |
| Builders FirstSource Inc 6.75% 5/15/2035 (b) | 1310000 | 1381648 |
| EMRLD Borrower LP / Emerald Co-Issuer Inc 6.75% 7/15/2031 (b)(e) | 375000 | 392510 |
| Griffon Corp 5.75% 3/1/2028  | 2906000 | 2909545 |
| Miter Brands Acquisition Holdco Inc / MIWD Borrower LLC 6.75% 4/1/2032 (b) | 240000 | 245173 |
|  |  | 5879332 |
| Commercial Services & Supplies - 2.6% |  |  |
| ACCO Brands Corp 4.25% 3/15/2029 (b)(e) | 643000 | 582910 |
| Allied Universal Holdco LLC 7.875% 2/15/2031 (b)(e) | 1356000 | 1427674 |
| Brink's Co/The 6.5% 6/15/2029 (b) | 590000 | 609212 |
| Enviri Corp 5.75% 7/31/2027 (b)(e) | 1035000 | 1036264 |
| GEO Group Inc/The 10.25% 4/15/2031  | 2839000 | 3115229 |
| GEO Group Inc/The 8.625% 4/15/2029  | 1310000 | 1380412 |
| GFL Environmental Inc 4% 8/1/2028 (b) | 3780000 | 3705997 |
|  |  | 11857698 |
| Construction & Engineering - 1.0% |  |  |
| AECOM 6% 8/1/2033 (b) | 810000 | 832631 |
| Arcosa Inc 4.375% 4/15/2029 (b) | 1037000 | 1016300 |
| Arcosa Inc 6.875% 8/15/2032 (b) | 1135000 | 1192622 |
| Dycom Industries Inc 4.5% 4/15/2029 (b)(e) | 1463000 | 1443456 |
|  |  | 4485009 |
| Electrical Equipment - 0.9% |  |  |
| Atkore Inc 4.25% 6/1/2031 (b) | 1599000 | 1540646 |
| EnerSys 4.375% 12/15/2027 (b) | 2338000 | 2321983 |
|  |  | 3862629 |
| Ground Transportation - 0.4% |  |  |
| Avis Budget Car Rental LLC / Avis Budget Finance Inc 8.375% 6/15/2032 (b)(e) | 950000 | 978152 |
| Genesee & Wyoming Inc 6.25% 4/15/2032 (b) | 965000 | 992284 |
|  |  | 1970436 |
| Machinery - 1.7% |  |  |
| Allison Transmission Inc 3.75% 1/30/2031 (b) | 3683000 | 3434718 |
| Allison Transmission Inc 5.875% 12/1/2033 (b) | 475000 | 479327 |
| Allison Transmission Inc 5.875% 6/1/2029 (b) | 1157000 | 1174169 |
| Enpro Inc 6.125% 6/1/2033 (b) | 900000 | 929702 |
| Wabash National Corp 4.5% 10/15/2028 (b)(e) | 1960000 | 1794070 |
|  |  | 7811986 |
| Passenger Airlines - 0.7% |  |  |
| Allegiant Travel Co 7.25% 8/15/2027 (b) | 2957000 | 2994273 |
| United Airlines Inc 4.625% 4/15/2029 (b) | 338000 | 336290 |
|  |  | 3330563 |
| Professional Services - 0.4% |  |  |
| CACI International Inc 6.375% 6/15/2033 (b) | 715000 | 745390 |
| Science Applications International Corp 5.875% 11/1/2033 (b) | 855000 | 851693 |
|  |  | 1597083 |
| Trading Companies & Distributors - 1.4% |  |  |
| BlueLinx Holdings Inc 6% 11/15/2029 (b) | 4138000 | 4026754 |
| United Rentals North America Inc 5.375% 11/15/2033 (b) | 2215000 | 2220087 |
|  |  | 6246841 |
| TOTAL INDUSTRIALS |  | 60358879 |
| Information Technology - 3.5% |  |  |
| Electronic Equipment, Instruments & Components - 0.2% |  |  |
| CPI CG Inc 10% 7/15/2029 (b) | 322000 | 338261 |
| Crane NXT Co 4.2% 3/15/2048  | 900000 | 592261 |
| Lightning Power LLC 7.25% 8/15/2032 (b)(e) | 305000 | 323659 |
|  |  | 1254181 |
| IT Services - 1.3% |  |  |
| ASGN Inc 4.625% 5/15/2028 (b) | 1000000 | 979714 |
| CoreWeave Inc 9% 2/1/2031 (b) | 605000 | 547461 |
| CoreWeave Inc 9.25% 6/1/2030 (b) | 4560000 | 4207081 |
|  |  | 5734256 |
| Semiconductors & Semiconductor Equipment - 0.5% |  |  |
| Entegris Inc 4.75% 4/15/2029 (b) | 2203000 | 2198693 |
| Software - 1.0% |  |  |
| Cloud Software Group Inc 6.5% 3/31/2029 (b) | 1009000 | 1017104 |
| Consensus Cloud Solutions Inc 6.5% 10/15/2028 (b) | 665000 | 667428 |
| Fair Isaac Corp 6% 5/15/2033 (b)(e) | 910000 | 935344 |
| Gen Digital Inc 6.75% 9/30/2027 (b) | 10000 | 10196 |
| Pagaya US Holdings Co LLC 8.875% 8/1/2030 (b)(e) | 2045000 | 1841939 |
|  |  | 4472011 |
| Technology Hardware, Storage & Peripherals - 0.5% |  |  |
| Seagate Data Storage Technology Pte Ltd 5.875% 7/15/2030 (b) | 2000000 | 2059388 |
| Seagate HDD Cayman 3.125% 7/15/2029  | 203 | 176 |
|  |  | 2059564 |
| TOTAL INFORMATION TECHNOLOGY |  | 15718705 |
| Materials - 6.4% |  |  |
| Chemicals - 3.1% |  |  |
| Chemours Co/The 5.75% 11/15/2028 (b)(e) | 1620000 | 1572288 |
| CVR Partners LP / CVR Nitrogen Finance Corp 6.125% 6/15/2028 (b) | 3905000 | 3894470 |
| LSB Industries Inc 6.25% 10/15/2028 (b) | 2320000 | 2308377 |
| Methanex US Operations Inc 6.25% 3/15/2032 (b)(e) | 600000 | 616056 |
| Minerals Technologies Inc 5% 7/1/2028 (b) | 1600000 | 1588000 |
| Rain Carbon Inc 12.25% 9/1/2029 (b)(e) | 3680000 | 3797341 |
|  |  | 13776532 |
| Construction Materials - 0.0% |  |  |
| Smyrna Ready Mix Concrete LLC 8.875% 11/15/2031 (b) | 600000 | 636812 |
| Containers & Packaging - 1.4% |  |  |
| Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC 6% 6/15/2027 (b) | 360000 | 360000 |
| Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC 6.25% 1/30/2031 (b)(d) | 325000 | 330648 |
| Clydesdale Acquisition Holdings Inc 6.625% 4/15/2029 (b)(e) | 485000 | 490755 |
| Clydesdale Acquisition Holdings Inc 6.875% 1/15/2030 (b)(e) | 500000 | 507655 |
| Owens-Brockway Glass Container Inc 7.25% 5/15/2031 (b) | 2250000 | 2278125 |
| Sealed Air Corp 6.5% 7/15/2032 (b) | 2063000 | 2135378 |
|  |  | 6102561 |
| Metals & Mining - 1.9% |  |  |
| Century Aluminum Co 6.875% 8/1/2032 (b) | 440000 | 447100 |
| Commercial Metals Co 5.75% 11/15/2033 (b) | 1310000 | 1339644 |
| Compass Minerals International Inc 8% 7/1/2030 (b) | 1440000 | 1499119 |
| Kaiser Aluminum Corp 5.875% 3/1/2034 (b) | 655000 | 652836 |
| Novelis Corp 4.75% 1/30/2030 (b) | 2750000 | 2645782 |
| Novelis Corp 6.875% 1/30/2030 (b) | 1000000 | 1036219 |
| SunCoke Energy Inc 4.875% 6/30/2029 (b)(e) | 775000 | 709083 |
|  |  | 8329783 |
| TOTAL MATERIALS |  | 28845688 |
| Real Estate - 6.8% |  |  |
| Diversified REITs - 0.7% |  |  |
| Iron Mountain Information Management Services Inc 5% 7/15/2032 (b) | 3099000 | 2983026 |
| Health Care REITs - 0.2% |  |  |
| Diversified Healthcare Trust 7.25% 10/15/2030 (b) | 1265000 | 1285885 |
| Hotel & Resort REITs - 1.8% |  |  |
| Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer 4.875% 5/15/2029 (b)(e) | 2500000 | 2426708 |
| Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer 7% 2/1/2030 (b) | 210000 | 214397 |
| RHP Hotel Properties LP / RHP Finance Corp 4.5% 2/15/2029 (b) | 1000000 | 986466 |
| RHP Hotel Properties LP / RHP Finance Corp 6.5% 4/1/2032 (b)(e) | 3196000 | 3312357 |
| RHP Hotel Properties LP / RHP Finance Corp 6.5% 6/15/2033 (b) | 900000 | 935251 |
|  |  | 7875179 |
| Real Estate Management & Development - 1.8% |  |  |
| Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp 7% 4/15/2030 (b) | 1396000 | 1401909 |
| Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp 9.75% 4/15/2030 (b) | 2045000 | 2221597 |
| Brandywine Operating Partnership LP 6.125% 1/15/2031  | 640000 | 632782 |
| Five Point Operating Co LP 8% 10/1/2030 (b) | 1055000 | 1101445 |
| Greystar Real Estate Partners LLC 7.75% 9/1/2030 (b) | 130000 | 137980 |
| Howard Hughes Corp/The 4.125% 2/1/2029 (b) | 1544000 | 1498862 |
| Howard Hughes Corp/The 4.375% 2/1/2031 (b) | 777000 | 742320 |
| Taylor Morrison Communities Inc 5.75% 11/15/2032 (b) | 340000 | 350445 |
|  |  | 8087340 |
| Retail REITs - 0.3% |  |  |
| Brookfield Property REIT Inc / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL 4.5% 4/1/2027 (b) | 858000 | 843175 |
| Brookfield Property REIT Inc / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL 5.75% 5/15/2026 (b) | 656000 | 653850 |
|  |  | 1497025 |
| Specialized REITs - 2.0% |  |  |
| Iron Mountain Inc 4.5% 2/15/2031 (b) | 1800000 | 1721603 |
| Millrose Properties Inc 6.25% 9/15/2032 (b) | 1140000 | 1152877 |
| Millrose Properties Inc 6.375% 8/1/2030 (b) | 2470000 | 2519717 |
| SBA Communications Corp 3.125% 2/1/2029  | 3750000 | 3584358 |
|  |  | 8978555 |
| TOTAL REAL ESTATE |  | 30707010 |
| Utilities - 4.0% |  |  |
| Electric Utilities - 1.7% |  |  |
| Edison International 7.875% 6/15/2054 (c) | 965000 | 1003660 |
| Edison International 8.125% 6/15/2053 (c)(e) | 2400000 | 2478310 |
| EUSHI Finance Inc 6.25% 4/1/2056 (c) | 790000 | 790852 |
| NRG Energy Inc 3.375% 2/15/2029 (b) | 1334000 | 1278048 |
| NRG Energy Inc 6% 1/15/2036 (b) | 640000 | 649979 |
| Topaz Solar Farms LLC 5.75% 9/30/2039 (b) | 1395184 | 1400758 |
|  |  | 7601607 |
| Gas Utilities - 1.7% |  |  |
| AmeriGas Partners LP / AmeriGas Finance Corp 5.75% 5/20/2027 (e) | 3100000 | 3112118 |
| AmeriGas Partners LP / AmeriGas Finance Corp 9.375% 6/1/2028 (b) | 2671000 | 2772971 |
| AmeriGas Partners LP / AmeriGas Finance Corp 9.5% 6/1/2030 (b) | 925000 | 980318 |
| Ferrellgas LP / Ferrellgas Finance Corp 9.25% 1/15/2031 (b) | 750000 | 757483 |
|  |  | 7622890 |
| Independent Power and Renewable Electricity Producers - 0.6% |  |  |
| Alpha Generation LLC 6.75% 10/15/2032 (b)(e) | 395000 | 406529 |
| Talen Energy Supply LLC 6.25% 2/1/2034 (b) | 1280000 | 1304223 |
| Talen Energy Supply LLC 8.625% 6/1/2030 (b) | 1000000 | 1060139 |
|  |  | 2770891 |
| TOTAL UTILITIES |  | 17995388 |
| TOTAL UNITED STATES |  | 348573804 |
| <br> **TOTAL NON-CONVERTIBLE CORPORATE BONDS**<br> (Cost $429,458,610) |  | <br> **439226574** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Preferred Securities - 0.4%** | &nbsp;&nbsp;**Preferred Securities - 0.4%** | &nbsp;&nbsp;**Preferred Securities - 0.4%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| UNITED KINGDOM - 0.1%  |  |  |
| Financials - 0.1% |  |  |
| Banks - 0.1% |  |  |
| Standard Chartered PLC 7% (b)(c)(f) | 655000 | 670395 |
| UNITED STATES - 0.3%  |  |  |
| Financials - 0.3% |  |  |
| Banks - 0.3% |  |  |
| Citigroup Inc 6.875% (c)(f) | 1210000 | 1242095 |
| <br> **TOTAL PREFERRED SECURITIES**<br> (Cost $1,865,000) |  | <br> **1912490** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 7.9%** | &nbsp;&nbsp;**Money Market Funds - 7.9%** | &nbsp;&nbsp;**Money Market Funds - 7.9%** | &nbsp;&nbsp;**Money Market Funds - 7.9%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (h) | 4.02 | 5238084 | 5239132 |
| Fidelity Securities Lending Cash Central Fund (h)(i) | 4.02 | 30263026 | 30266052 |
| <br> **TOTAL MONEY MARKET FUNDS**<br> (Cost $35,505,184) |  |  | **35505184** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 106.1%**<br> (Cost $466,828,794)<br>| <br>**476644248** |
| **NET OTHER ASSETS (LIABILITIES) - (6.1)%** (g)  | **(27510570)** |
| **NET ASSETS - 100.0%** | **449133678** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  |
|  | Number <br> of contracts | Expiration <br> Date | Notional <br> Amount ($)<br>| Value ($)<br>| Unrealized<br> Appreciation/<br> (Depreciation) ($)<br>|
| Purchased |  |  |  |  |  |
| Interest Rate Contracts |  |  |  |  |  |
| CBOT 5Y US Treasury Notes Contracts (United States) | 11 | 3/31/2026 | 1207336 | 3162 | 3162 |
| The notional amount of futures purchased as a percentage of Net Assets is 0.3% | The notional amount of futures purchased as a percentage of Net Assets is 0.3% | The notional amount of futures purchased as a percentage of Net Assets is 0.3% | The notional amount of futures purchased as a percentage of Net Assets is 0.3% | The notional amount of futures purchased as a percentage of Net Assets is 0.3% | The notional amount of futures purchased as a percentage of Net Assets is 0.3% |

---

**Legend**

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

(b) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $387,846,534 or 86.4% of net assets.

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

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

(e) Security or a portion of the security is on loan at period end.

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

(g) Includes $80,625 of cash collateral to cover margin requirements for futures contracts.

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

(i) Investment made with cash collateral received from securities on loan.

**Affiliated Central Funds**

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 1434208 | 43661934 | 39856871 | 65163 | (139) | - | 5239132 | 5238084 | 0.0% |
| Fidelity Securities Lending Cash Central Fund | 37858903 | 37878650 | 45471813 | 23143 | 312 | - | 30266052 | 30263026 | 0.1% |
| Total | 39293111 | 81540584 | 85328684 | 88306 | 173 | - | 35505184 |  |  |

---

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

Amounts in the dividend income column for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium income received for lending certain types of securities.

**Investment Valuation**

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

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

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

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

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

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

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Non-Convertible Corporate Bonds and Preferred Securities are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

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

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy.

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

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

**Derivative Instruments**

Risk Exposures and the Use of Derivative Instruments: The Fund's investment objectives allow the Fund to enter into various types of derivative contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.

The Fund used derivatives to increase returns, to gain exposure to certain types of assets and/or to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.

The Fund's use of derivatives increased or decreased its exposure to the following risk(s):

Interest Rate Risk - Interest rate risk relates to the fluctuations in the value of interest-bearing securities due to changes in the prevailing levels of market interest rates.

Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

Futures Contracts: A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a specified price at a specified future date.

The Fund used futures contracts to manage its exposure to the bond market and fluctuations in interest rates.

Open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end. Any securities and/or cash deposited to meet initial margin requirements are identified in the Schedule of Investments.

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

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

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

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

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

- **b. EDGAR series identifier (if any):** S000062078

- **c. LEI of Series:** 549300D7SA33P7KJDO35

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $484542653.05

**Total Liabilities:** $35604959.41

**Net Assets:** $448937693.64

**Delayed Delivery Securities:** $1945000.00

**Cash Not Reported:** $469248.23

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1788.44788527 | **1-Year:** 5966.29702118 | **5-Year:** 5994.13381738 | **10-Year:** 1899.61097296 | **30-Year:** 730.76004295

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

- **3-Month:** 23424.02796339 | **1-Year:** 53692.25445760 | **5-Year:** 44126.74413838 | **10-Year:** 6504.41138030 | **30-Year:** 651.06326200

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000201027 | 0.85%                | 0.35%                | 0.57%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $226670.43               | $1102187.94                                |
| Month 2  | $35788.82                | $-922147.87                                |
| Month 3  | $-333997.28              | $738615.91                                 |

### Schedule of Portfolio Investments

| Name                                                                             | Title                                                                                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fidelity Revere Street Trust                                                     | Fidelity Cash Central Fund                                                                              | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   4793425 | NS      | $4794383.27   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust                                                     | Fidelity Securities Lending Cash Central Fund                                                           | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  29025345 | NS      | $29028247.40  | 6.47%             |  |  |  | No            |                  1 | On Loan: No      |
| TELECOM ITALIA CAP                                                               | TELECOM ITALIA CAP 7.2% 07/18/2036                                                                      | CUSIP: 87927VAR9<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |   1175000 | PA      | $1277725.55   | 0.28%             | 2036-07-18      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA CAP                                                               | TELECOM ITALIA CAP 7.721% 06/04/2038                                                                    | CUSIP: 87927VAV0<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |   3420000 | PA      | $3785416.74   | 0.84%             | 2038-06-04      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| TOPAZ SOLAR FARMS LLC                                                            | TOPAZ SOLAR FARMS LLC 5.75% 09/30/2039 144A                                                             | CUSIP: 89054XAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1395184 | PA      | $1400757.76   | 0.31%             | 2039-09-30      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| EMERA INC                                                                        | EMERA INC 6.75%/VAR 06/15/2076                                                                          | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |   1725000 | PA      | $1737621.83   | 0.39%             | 2076-06-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PARTNERS LP / AMERIGAS FINANCE CORP                                     | AMERIGAS PARTN LP/AMERIGAS FIN 5.75% 05/20/2027                                                         | CUSIP: 030981AL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3100000 | PA      | $3112117.90   | 0.69%             | 2027-05-20      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CRANE NXT CO                                                                     | CRANE NXT CO 4.2% 03/15/2048                                                                            | CUSIP: 224399AT2<br>LEI: 549300EXNPSXEWUD3N21 | Long             | DBT              | CORP              | US        |    900000 | PA      | $592261.29    | 0.13%             | 2048-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                                                         | ALLISON TRANSMISSION INC 5.875% 06/01/2029 144A                                                         | CUSIP: 019736AF4<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |   1157000 | PA      | $1174168.72   | 0.26%             | 2029-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                                                                    | UNICREDIT SPA 7.296%/VAR 04/02/2034 144A                                                                | CUSIP: 904678AQ2<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |    328693 | PA      | $352513.96    | 0.08%             | 2034-04-02      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD PROPERTY REIT INC / BPR CUMULUS LLC / BPR NIMBUS LLC / GGSI SELLCO LL | BROOKFIELD PROPERTY REIT INC / BPR CUMULUS LLC / BPR NIMBUS LLC / GGSI SELLCO LL 5.75% 05/15/2026 144A  | CUSIP: 11284DAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    656000 | PA      | $653850.09    | 0.15%             | 2026-05-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                             | ONEMAIN FINANCE CORP 6.625% 01/15/2028                                                                  | CUSIP: 85172FAQ2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    731000 | PA      | $749708.48    | 0.17%             | 2028-01-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FINANCE PLC                                                 | VIRGIN MEDIA SECD FIN PLC 5.5% 05/15/2029 144A                                                          | CUSIP: 92769XAP0<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |   1550000 | PA      | $1521867.66   | 0.34%             | 2029-05-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ENVIRI CORP                                                                      | ENVIRI CORP 5.75% 07/31/2027 144A                                                                       | CUSIP: 415864AM9<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $1036263.74   | 0.23%             | 2027-07-31      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| 1011778 B C UNLIMITED LIABILITY CO / NEW RED FIN INC                             | 1011778 BC ULC/NEW RED FIN INC 4.375% 01/15/2028 144A                                                   | CUSIP: 68245XAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1240000 | PA      | $1228997.85   | 0.27%             | 2028-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| INSTALLED BUILDING PRODUCTS INC                                                  | INSTALLED BLDG PRODS INC 5.75% 02/01/2028 144A                                                          | CUSIP: 45780RAA9<br>LEI: 549300I95Y9P9YM5FI86 | Long             | DBT              | CORP              | US        |    750000 | PA      | $751079.25    | 0.17%             | 2028-02-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMENT INC                                                    | LIVE NATION ENTERTAINMENT INC 4.75% 10/15/2027 144A                                                     | CUSIP: 538034AR0<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |   5625000 | PA      | $5615433.56   | 1.25%             | 2027-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: —       |
| LIGHT and WONDER INTERNATIONAL INC                                               | LIGHT and WONDER INTERNATIONAL INC 7.25% 11/15/2029 144A                                                | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46217.07     | 0.01%             | 2029-11-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ASGN INC                                                                         | ASGN INC 4.625% 05/15/2028 144A                                                                         | CUSIP: 00191UAA0<br>LEI: LZBNYYCBUKY537072438 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $979714.30    | 0.22%             | 2028-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MOOG INC                                                                         | MOOG INC 4.25% 12/15/2027 144A                                                                          | CUSIP: 615394AM5<br>LEI: 549300WM2I4U7OBAHG07 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1988544.20   | 0.44%             | 2027-12-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ENERSYS                                                                          | ENERSYS 4.375% 12/15/2027 144A                                                                          | CUSIP: 29275YAC6<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | DBT              | CORP              | US        |   2338000 | PA      | $2321982.36   | 0.52%             | 2027-12-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                                                     | NOVELIS CORP 4.75% 01/30/2030 144A                                                                      | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2645781.88   | 0.59%             | 2030-01-30      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                                | POST HLDGS INC 4.625% 04/15/2030 144A                                                                   | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    862000 | PA      | $839600.41    | 0.19%             | 2030-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RESIDENTIAL PPTYS INC / BROOKFIELD RESIDENTIAL US CORP                | BROOKFIELD RESIDENTIAL PPTYS INC / US CORP 4.875% 02/15/2030 144A                                       | CUSIP: 11283YAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   3000000 | PA      | $2782500.00   | 0.62%             | 2030-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP                            | ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP 5.25% 05/15/2027                                  | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1974297.60   | 0.44%             | 2027-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GRIFFON CORP                                                                     | GRIFFON CORP 5.75% 03/01/2028                                                                           | CUSIP: 398433AP7<br>LEI: 5493000C2SGNC7ZN3242 | Long             | DBT              | CORP              | US        |   2906000 | PA      | $2909545.32   | 0.65%             | 2028-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CUSHMAN and WAKEFIELD US BORROWER LLC                                            | CUSHMAN and WAKEFIELD US BORROWER LLC 6.75% 05/15/2028 144A                                             | CUSIP: 23166MAA1<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |   1528000 | PA      | $1544694.93   | 0.34%             | 2028-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                                       | DAVITA INC 4.625% 06/01/2030 144A                                                                       | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   2199000 | PA      | $2132893.00   | 0.48%             | 2030-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BWX TECHNOLOGIES INC                                                             | BWX TECHNOLOGIES INC 4.125% 06/30/2028 144A                                                             | CUSIP: 05605HAB6<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |    600000 | PA      | $588639.96    | 0.13%             | 2028-06-30      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HLDGS INC NEW                                                          | ENERGIZER HLDGS INC 4.75% 06/15/2028 144A                                                               | CUSIP: 29272WAC3<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    823000 | PA      | $812760.56    | 0.18%             | 2028-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINERALS TECHNOLOGIES INC                                                        | MINERALS TECHNOLOGIES INC 5% 07/01/2028 144A                                                            | CUSIP: 603158AA4<br>LEI: 549300D3I1QU67GP6403 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1588000.00   | 0.35%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                                                                    | UNICREDIT SPA 5.459%/VAR 06/30/2035 144A                                                                | CUSIP: 904678AS8<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |    150000 | PA      | $152602.44    | 0.03%             | 2035-06-30      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CCO HLDGS CAP CORP                                                 | CCO HLDGS LLC/CAP CORP 4.25% 02/01/2031 144A                                                            | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $69092.36     | 0.02%             | 2031-02-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                                                           | HARVEST MIDSTREAM I LP 7.5% 09/01/2028 144A                                                             | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50708.35     | 0.01%             | 2028-09-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                                       | DAVITA INC 3.75% 02/15/2031 144A                                                                        | CUSIP: 23918KAT5<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $927307.70    | 0.21%             | 2031-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: —       |
| WYNDHAM HOTELS and RESORTS INC                                                   | WYNDHAM HOTELS and RESORTS INC 4.375% 08/15/2028 144A                                                   | CUSIP: 98311AAB1<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |   1060000 | PA      | $1043209.39   | 0.23%             | 2028-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                                | IRON MOUNTAIN INC 4.5% 02/15/2031 144A                                                                  | CUSIP: 46284VAN1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1721603.70   | 0.38%             | 2031-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                                                                | NEXSTAR MEDIA INC 4.75% 11/01/2028 144A                                                                 | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   1302000 | PA      | $1291191.19   | 0.29%             | 2028-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| 1011778 B C UNLIMITED LIABILITY CO / NEW RED FIN INC                             | 1011778 BC ULC/NEW RED FIN INC 4% 10/15/2030 144A                                                       | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2750000 | PA      | $2620438.70   | 0.58%             | 2030-10-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GCI LIBERTY INC.                                                                 | GCI LIBERTY INC. 4.75% 10/15/2028 144A                                                                  | CUSIP: 36166TAB6<br>LEI: 549300N3IE9H88Q20221 | Long             | DBT              | CORP              | US        |   3830000 | PA      | $3711429.33   | 0.83%             | 2028-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR SA                                                        | MILLICOM INTL CELLULAR SA 4.5% 04/27/2031 144A                                                          | CUSIP: 600814AR8<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |   3805000 | PA      | $3530088.75   | 0.79%             | 2031-04-27      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                                                         | ALLISON TRANSMISSION INC 3.75% 01/30/2031 144A                                                          | CUSIP: 019736AG2<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |   3683000 | PA      | $3434717.92   | 0.77%             | 2031-01-30      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO/THE                                                                  | CHEMOURS CO/THE 5.75% 11/15/2028 144A                                                                   | CUSIP: 163851AF5<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |   1620000 | PA      | $1572288.08   | 0.35%             | 2028-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: —       |
| GFL ENVIRONMENTAL INC                                                            | GFL ENVIRONMENTAL INC 4% 08/01/2028 144A                                                                | CUSIP: 36168QAL8<br>LEI: 5493008HF9XC5H29ZX61 | Long             | DBT              | CORP              | CA        |   3780000 | PA      | $3705997.05   | 0.83%             | 2028-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                   | NRG ENERGY INC 3.375% 02/15/2029 144A                                                                   | CUSIP: 629377CQ3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1334000 | PA      | $1278048.04   | 0.28%             | 2029-02-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                                                               | SEAGATE HDD CAYMAN 3.125% 07/15/2029                                                                    | CUSIP: 81180WBF7<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |       203 | PA      | $176.19       | 0.00%             | 2029-07-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| ATS CORP                                                                         | ATS CORP 4.125% 12/15/2028 144A                                                                         | CUSIP: 001940AC9<br>LEI: 5493005KP4RP3IU7HQ41 | Long             | DBT              | CORP              | CA        |   1918000 | PA      | $1861349.76   | 0.41%             | 2028-12-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC / OUTFRONT MEDIA CAP CORP                                 | OUTFRONT MEDIA CAP LLC / OUTFRONT MEDIA CAP CORP 4.25% 01/15/2029 144A                                  | CUSIP: 69007TAE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $102016.37    | 0.02%             | 2029-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                                               | HOWARD HUGHES CORP 4.375% 02/01/2031 144A                                                               | CUSIP: 44267DAF4<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    777000 | PA      | $742320.24    | 0.17%             | 2031-02-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                                               | HOWARD HUGHES CORP 4.125% 02/01/2029 144A                                                               | CUSIP: 44267DAE7<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |   1544000 | PA      | $1498860.70   | 0.33%             | 2029-02-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL USA INC                                                               | MURPHY OIL USA INC 3.75% 02/15/2031 144A                                                                | CUSIP: 626738AF5<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1171919.25   | 0.26%             | 2031-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                                     | US FOODS INC 4.75% 02/15/2029 144A                                                                      | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44790.41     | 0.01%             | 2029-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ADTALEM GLOBAL EDUCATION INC                                                     | ADTALEM GLOBAL EDUCATION INC 5.5% 03/01/2028 144A                                                       | CUSIP: 00737WAA7<br>LEI: 549300Z467EZLMODV621 | Long             | DBT              | CORP              | US        |   1965000 | PA      | $1960567.94   | 0.44%             | 2028-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTYS LP and RHP FIN CORP                                              | RHP HOTEL PPTYS LP and RHP FIN CORP 4.5% 02/15/2029 144A                                                | CUSIP: 749571AG0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $986465.80    | 0.22%             | 2029-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                                           | COMSTOCK RESOURCES INC 6.75% 03/01/2029 144A                                                            | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1103335.20   | 0.25%             | 2029-03-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ACCO BRANDS CORP                                                                 | ACCO BRANDS CORP 4.25% 03/15/2029 144A                                                                  | CUSIP: 00081TAK4<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | DBT              | CORP              | US        |    643000 | PA      | $582909.85    | 0.13%             | 2029-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: —       |
| FMG RESOURCES AUG'06 PTY LTD                                                     | FMG RES AUGUST 2006 PTY LTD 4.375% 04/01/2031 144A                                                      | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    560000 | PA      | $540170.83    | 0.12%             | 2031-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DYCOM INDUSTRIES INC                                                             | DYCOM INDUSTRIES INC 4.5% 04/15/2029 144A                                                               | CUSIP: 267475AD3<br>LEI: 549300F56EKTHQI3WT60 | Long             | DBT              | CORP              | US        |   1463000 | PA      | $1443455.93   | 0.32%             | 2029-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC                                                                       | ARCOSA INC 4.375% 04/15/2029 144A                                                                       | CUSIP: 039653AA8<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |   1037000 | PA      | $1016300.13   | 0.23%             | 2029-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| RESORTS WORLD LAS VEGAS LLC / RWLV CAPITAL INC)                                  | RESORTS WORLD LAS VEGAS LLC / RWLV CAPITAL INC 4.625% 04/06/2031 144A                                   | CUSIP: 76120HAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1489901.94   | 0.33%             | 2031-04-06      | Fixed         | 0.05%                 | No            |                  2 | On Loan: —       |
| MIDWEST GAMING BORROWER LLC / MIDWEST GAMING FIN CORP                            | MIDWEST GAMING BORWERLLC/ CORP 4.875% 05/01/2029 144A                                                   | CUSIP: 59833DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1972000 | PA      | $1925953.01   | 0.43%             | 2029-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                                              | UNITED AIRLINES INC 4.625% 04/15/2029 144A                                                              | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    338000 | PA      | $336289.96    | 0.07%             | 2029-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CCO HLDGS CAP CORP                                                 | CCO HLDGS LLC/CAP CORP 4.5% 06/01/2033 144A                                                             | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1040000 | PA      | $913646.45    | 0.20%             | 2033-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: —       |
| JAZZ SECURITIES DAC                                                              | JAZZ SECURITIES DAC 4.375% 01/15/2029 144A                                                              | CUSIP: 47216FAA5<br>LEI: 6354009DV8VV7K6KOO02 | Long             | DBT              | CORP              | IE        |   1873000 | PA      | $1849015.92   | 0.41%             | 2029-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HLF FINANCING SARL LLC / HERBALIFE INTERNATIONAL INC                             | HLF FINANCING SARL LLC / HERBALIFE INTERNATIONAL INC 4.875% 06/01/2029 144A                             | CUSIP: 40390DAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2523643.29   | 0.56%             | 2029-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: —       |
| BROOKFIELD RESIDENTIAL PPTYS INC / BROOKFIELD RESIDENTIAL US CORP                | BROOKFIELD RESIDENTIAL PPTYS INC / US CORP 5% 06/15/2029 144A                                           | CUSIP: 11283YAG5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2784000 | PA      | $2679505.07   | 0.60%             | 2029-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PARK INTERMEDIATE HOLDINGS LLC / PK DOMESTIC PROPERTY LLC / PK FINANCE CO-ISSUER | PARK INTERMEDIATE HOLDINGS LLC / PK DOMESTIC PROPERTY LLC / PK FINANCE CO-ISSUER 4.875% 05/15/2029 144A | CUSIP: 70052LAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2426707.75   | 0.54%             | 2029-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: —       |
| ATKORE INC                                                                       | ATKORE INC 4.25% 06/01/2031 144A                                                                        | CUSIP: 047649AA6<br>LEI: 52990002TI38AM4RPV48 | Long             | DBT              | CORP              | US        |   1599000 | PA      | $1540646.41   | 0.34%             | 2031-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DELEK LOGISTICS PARTNERS LP / DELEK LOGISTICS FINANCE CORP                       | DELEK LOGISTICS PARTNERS LP / DELEK LOGISTICS FINANCE CORP 7.125% 06/01/2028 144A                       | CUSIP: 24665FAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1411000 | PA      | $1419041.29   | 0.32%             | 2028-06-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                                                                 | CINEMARK USA INC 5.25% 07/15/2028 144A                                                                  | CUSIP: 172441BF3<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |    315000 | PA      | $314179.43    | 0.07%             | 2028-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CVR PARTNERS LP / CVR NITROGEN FIN CORP                                          | CVR PARTNERS LP / CVR NITROGEN FIN CORP 6.125% 06/15/2028 144A                                          | CUSIP: 12663QAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3905000 | PA      | $3894469.39   | 0.87%             | 2028-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SUNCOKE ENERGY INC                                                               | SUNCOKE ENERGY INC 4.875% 06/30/2029 144A                                                               | CUSIP: 86722AAD5<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | DBT              | CORP              | US        |    775000 | PA      | $709083.23    | 0.16%             | 2029-06-30      | Fixed         | 0.05%                 | No            |                  2 | On Loan: —       |
| LGI HOMES INC                                                                    | LGI HOMES INC 4% 07/15/2029 144A                                                                        | CUSIP: 50187TAF3<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    883000 | PA      | $806965.22    | 0.18%             | 2029-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| APOLLO COML REAL ESTAT FIN INC                                                   | APOLLO COML REAL ESTAT FIN INC 4.625% 06/15/2029 144A                                                   | CUSIP: 03762UAD7<br>LEI: 549300E0AN7M2AQHSY29 | Long             | DBT              | CORP              | US        |   2161000 | PA      | $2099450.61   | 0.47%             | 2029-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: —       |
| ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP                            | ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP 4.375% 02/01/2029                                 | CUSIP: 451102CC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    347000 | PA      | $302237.52    | 0.07%             | 2029-02-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP INC                                                       | PERFORMANCE FOOD GROUP INC 4.25% 08/01/2029 144A                                                        | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   1801000 | PA      | $1768285.20   | 0.39%             | 2029-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                                         | BUILDERS FIRSTSOURCE INC 4.25% 02/01/2032 144A                                                          | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $950456.50    | 0.21%             | 2032-02-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC / DIRECTV FINANCING CO-OBLIGOR INC                         | DIRECTV FINANCING LLC / CO-OBLIGOR INC 5.875% 08/15/2027 144A                                           | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    875000 | PA      | $875258.13    | 0.19%             | 2027-08-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CCO HLDGS CAP CORP                                                 | CCO HLDGS LLC/CAP CORP 4.25% 01/15/2034 144A                                                            | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2136000 | PA      | $1809892.39   | 0.40%             | 2034-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: —       |
| ONEMAIN FINANCE CORP                                                             | ONEMAIN FINANCE CORP 3.875% 09/15/2028                                                                  | CUSIP: 682691AC4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1857000 | PA      | $1802166.88   | 0.40%             | 2028-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ELDORADO GOLD CORP NEW                                                           | ELDORADO GOLD CORP NEW 6.25% 09/01/2029 144A                                                            | CUSIP: 284902AF0<br>LEI: 5493004PWQ01YDD1IH62 | Long             | DBT              | CORP              | CA        |   1517000 | PA      | $1524585.00   | 0.34%             | 2029-09-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                                                 | LAMAR MEDIA CORP 3.625% 01/15/2031                                                                      | CUSIP: 513075BZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2120000 | PA      | $2000353.35   | 0.45%             | 2031-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: —       |
| PENNYMAC FINANCIAL SERVICES INC                                                  | PENNYMAC FINANCIAL SERVICES INC 5.75% 09/15/2031 144A                                                   | CUSIP: 70932MAC1<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   1085000 | PA      | $1093547.63   | 0.24%             | 2031-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: —       |
| TRANSDIGM INC                                                                    | TRANSDIGM INC 4.625% 01/15/2029                                                                         | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2568029.10   | 0.57%             | 2029-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                    | TRANSDIGM INC 4.875% 05/01/2029                                                                         | CUSIP: 893647BQ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2775000 | PA      | $2757626.00   | 0.61%             | 2029-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOMNIGROUP INTERNATIONAL INC                                                     | SOMNIGROUP INTERNATIONAL INC 3.875% 10/15/2031 144A                                                     | CUSIP: 88023UAJ0<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |   3453000 | PA      | $3230669.62   | 0.72%             | 2031-10-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: —       |
| BROOKFIELD PROPERTY REIT INC / BPR CUMULUS LLC / BPR NIMBUS LLC / GGSI SELLCO LL | BROOKFIELD PROPERTY REIT INC / BPR CUMULUS LLC / BPR NIMBUS LLC / GGSI SELLCO LL 4.5% 04/01/2027 144A   | CUSIP: 11284DAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    858000 | PA      | $843174.88    | 0.19%             | 2027-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WABASH NATIONAL CORP                                                             | WABASH NATIONAL CORP 4.5% 10/15/2028 144A                                                               | CUSIP: 929566AL1<br>LEI: 5299004ZAWHQZI5XO485 | Long             | DBT              | CORP              | US        |   1960000 | PA      | $1794070.12   | 0.40%             | 2028-10-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: —       |
| CONSENSUS CLOUD SOLUTIONS INC                                                    | CONSENSUS CLOUD SOLUTIONS INC 6.5% 10/15/2028 144A                                                      | CUSIP: 20848VAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    665000 | PA      | $667427.92    | 0.15%             | 2028-10-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ROCKCLIFF ENERGY II LLC                                                          | ROCKCLIFF ENERGY II LLC 5.5% 10/15/2029 144A                                                            | CUSIP: 77289KAA3<br>LEI: 5493007AZNVKZ5HEMT23 | Long             | DBT              | CORP              | US        |   2340000 | PA      | $2291806.93   | 0.51%             | 2029-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: —       |
| LSB INDUSTRIES INC                                                               | LSB INDUSTRIES INC 6.25% 10/15/2028 144A                                                                | CUSIP: 502160AN4<br>LEI: 5493001H215A0HG0MI71 | Long             | DBT              | CORP              | US        |   2320000 | PA      | $2308377.26   | 0.51%             | 2028-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: —       |
| MEDLINE BORROWER LP                                                              | MEDLINE BORROWER LP 5.25% 10/01/2029 144A                                                               | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    542000 | PA      | $543266.11    | 0.12%             | 2029-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| THOR INDUSTRIES INC                                                              | THOR INDUSTRIES INC 4% 10/15/2029 144A                                                                  | CUSIP: 885160AA9<br>LEI: 254900XZO1228PDSG060 | Long             | DBT              | CORP              | US        |    707000 | PA      | $676636.47    | 0.15%             | 2029-10-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: —       |
| BLUELINX HOLDINGS INC                                                            | BLUELINX HLDGS INC 6% 11/15/2029 144A                                                                   | CUSIP: 09624HAA7<br>LEI: 549300YSX7GU28F5I540 | Long             | DBT              | CORP              | US        |   4138000 | PA      | $4026754.01   | 0.90%             | 2029-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| KONTOOR BRANDS INC                                                               | KONTOOR BRANDS INC 4.125% 11/15/2029 144A                                                               | CUSIP: 50050NAA1<br>LEI: 549300M0CPXV65RFF271 | Long             | DBT              | CORP              | US        |   2020000 | PA      | $1919662.96   | 0.43%             | 2029-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PROG HOLDINGS INC                                                                | PROG HOLDINGS INC 6% 11/15/2029 144A                                                                    | CUSIP: 74319RAA9<br>LEI: 549300DHYTLBOVRXIG52 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1230100.00   | 0.27%             | 2029-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| TRAVEL+LEISURE CO                                                                | TRAVEL+LEISURE CO 4.5% 12/01/2029 144A                                                                  | CUSIP: 894164AA0<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |   2455000 | PA      | $2395192.03   | 0.53%             | 2029-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: —       |
| FIRSTCASH INC                                                                    | FIRSTCASH INC 5.625% 01/01/2030 144A                                                                    | CUSIP: 31944TAA8<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |   1214000 | PA      | $1221605.71   | 0.27%             | 2030-01-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INFORMATION MANAGEMENT SERVICES INC                                | IRON MOUNTAIN INFORMATION MANAGEMENT SERVICES INC 5% 07/15/2032 144A                                    | CUSIP: 46285MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3099000 | PA      | $2983026.43   | 0.66%             | 2032-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                                                          | SBA COMMUNICATIONS CORP 3.125% 02/01/2029                                                               | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3584358.00   | 0.80%             | 2029-02-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NUFARM AUSTRALIA LTD / NUFARM AMERICAS INC                                       | NUFARM AUSTRALIA LTD / NUFARM AMERICAS INC 5% 01/27/2030 144A                                           | CUSIP: 67052NAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |   1755000 | PA      | $1583512.98   | 0.35%             | 2030-01-27      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION HOLDINGS INC                                              | CLYDESDALE ACQUISITION HOLDINGS INC 6.625% 04/15/2029 144A                                              | CUSIP: 18972EAA3<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    485000 | PA      | $490755.01    | 0.11%             | 2029-04-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                                                     | ENTEGRIS INC 4.75% 04/15/2029 144A                                                                      | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |   2203000 | PA      | $2198693.14   | 0.49%             | 2029-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FMG RESOURCES AUG'06 PTY LTD                                                     | FMG RES AUGUST 2006 PTY LTD 5.875% 04/15/2030 144A                                                      | CUSIP: 30251GBD8<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |   1328000 | PA      | $1371731.81   | 0.31%             | 2030-04-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| FMG RESOURCES AUG'06 PTY LTD                                                     | FMG RES AUGUST 2006 PTY LTD 6.125% 04/15/2032 144A                                                      | CUSIP: 30251GBE6<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    500000 | PA      | $521888.00    | 0.12%             | 2032-04-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                                            | MINERAL RESOURCES LTD 8.5% 05/01/2030 144A                                                              | CUSIP: 603051AD5<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   4129000 | PA      | $4291191.13   | 0.96%             | 2030-05-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING FINANCE USA LLC/ARDAGH METAL PACKAGING FINANCE PLC        | ARDAGH METAL PACKAGING FINANCE USA LLC/ARDAGH METAL PACKAGING FINANCE PLC 6% 06/15/2027 144A            | CUSIP: 03969YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    360000 | PA      | $360000.00    | 0.08%             | 2027-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ALLEGIANT TRAVEL CO                                                              | ALLEGIANT TRAVEL CO 7.25% 08/15/2027 144A                                                               | CUSIP: 01748XAD4<br>LEI: 549300JM9OZXOHWL2K18 | Long             | DBT              | CORP              | US        |   2957000 | PA      | $2994272.99   | 0.67%             | 2027-08-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                                                  | GEN DIGITAL INC 6.75% 09/30/2027 144A                                                                   | CUSIP: 668771AK4<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10196.90     | 0.00%             | 2027-09-30      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                                         | CLOUD SOFTWARE GROUP INC 6.5% 03/31/2029 144A                                                           | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1009000 | PA      | $1017104.06   | 0.23%             | 2029-03-31      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ENQUEST PLC                                                                      | ENQUEST PLC 11.625% 11/01/2027 144A                                                                     | CUSIP: 29357JAC0<br>LEI: 2138008LJU6WFQWOXJ73 | Long             | DBT              | CORP              | GB        |   3514000 | PA      | $3555862.28   | 0.79%             | 2027-11-01      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                                              | SYNCHRONY FINANCIAL 7.25% 02/02/2033                                                                    | CUSIP: 87165BAU7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   1809000 | PA      | $1938049.59   | 0.43%             | 2033-02-02      | Fixed         | 0.07%                 | No            |                  2 | On Loan: —       |
| WYNN RESORTS FINANCE LLC / WYNN RESORTS CAPITAL CORP                             | WYNN RESORTS FIN LLC / CAP CORP 7.125% 02/15/2031 144A                                                  | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1527000 | PA      | $1649679.18   | 0.37%             | 2031-02-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: —       |
| EDISON INTERNATIONAL                                                             | EDISON INTERNATIONAL 8.125%/VAR 06/15/2053                                                              | CUSIP: 281020AX5<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2478309.60   | 0.55%             | 2053-06-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: —       |
| NOBLE FINANCE II LLC                                                             | NOBLE FINANCE II LLC 8% 04/15/2030 144A                                                                 | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    885000 | PA      | $919408.80    | 0.20%             | 2030-04-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| VALARIS LTD                                                                      | VALARIS LTD 8.375% 04/30/2030 144A                                                                      | CUSIP: 91889FAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2392000 | PA      | $2495485.10   | 0.56%             | 2030-04-30      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                                                          | TALEN ENERGY SUPPLY LLC 8.625% 06/01/2030 144A                                                          | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1060139.00   | 0.24%             | 2030-06-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY GLASS CONTAINER INC                                               | OWENS-BROCKWAY GLASS CONTAINER INC 7.25% 05/15/2031 144A                                                | CUSIP: 69073TAU7<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2278125.00   | 0.51%             | 2031-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PARTNERS LP / AMERIGAS FINANCE CORP                                     | AMERIGAS PARTN LP/AMERIGAS FIN 9.375% 06/01/2028 144A                                                   | CUSIP: 030981AM6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2671000 | PA      | $2772970.77   | 0.62%             | 2028-06-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                                               | VIKING CRUISES LTD 9.125% 07/15/2031 144A                                                               | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    520000 | PA      | $557830.52    | 0.12%             | 2031-07-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| RESORTS WORLD LAS VEGAS LLC / RWLV CAPITAL INC)                                  | RESORTS WORLD LAS VEGAS LLC / RWLV CAPITAL INC 8.45% 07/27/2030 144A                                    | CUSIP: 76120HAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3746000 | PA      | $3699034.53   | 0.82%             | 2030-07-27      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                                             | LIFEPOINT HEALTH INC 9.875% 08/15/2030 144A                                                             | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    492000 | PA      | $529719.71    | 0.12%             | 2030-08-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| RAIN CARBON INC                                                                  | RAIN CARBON INC 12.25% 09/01/2029 144A                                                                  | CUSIP: 75079LAB7<br>LEI: 25490038N6JQH7QXUK52 | Long             | DBT              | CORP              | US        |   3680000 | PA      | $3797340.48   | 0.85%             | 2029-09-01      | Fixed         | 0.12%                 | No            |                  2 | On Loan: —       |
| GREYSTAR REAL ESTATE PARTNERS LLC                                                | GREYSTAR REAL ESTATE PARTNERS LLC 7.75% 09/01/2030 144A                                                 | CUSIP: 39807UAD8<br>LEI: 254900HGC806SXAS4M46 | Long             | DBT              | CORP              | US        |    130000 | PA      | $137980.44    | 0.03%             | 2030-09-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                    | TRANSDIGM INC 6.875% 12/15/2030 144A                                                                    | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2588000 | PA      | $2697948.59   | 0.60%             | 2030-12-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ANYWHERE REAL ESTATE GROUP LLC / ANYWHERE CO-ISSUER CORP                         | ANYWHERE REAL ESTATE GROUP LLC / ANYWHERE CO-ISSUER CORP 7% 04/15/2030 144A                             | CUSIP: 75606DAS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1396000 | PA      | $1401909.27   | 0.31%             | 2030-04-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                                                       | CARVANA CO PIK VAR 06/01/2031 144A                                                                      | CUSIP: 146869AM4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   2660700 | PA      | $2992409.47   | 0.67%             | 2031-06-01      | Variable      | 0.14%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                                             | LIFEPOINT HEALTH INC 11% 10/15/2030 144A                                                                | CUSIP: 53219LAW9<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1761355.20   | 0.39%             | 2030-10-15      | Fixed         | 0.11%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                           | VENTURE GLOBAL LNG INC 9.5% 02/01/2029 144A                                                             | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    650000 | PA      | $685532.58    | 0.15%             | 2029-02-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRETE LLC                                                    | SMYRNA READY MIX CONCRETE LLC 8.875% 11/15/2031 144A                                                    | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    600000 | PA      | $636812.40    | 0.14%             | 2031-11-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| AMS-OSRAM AG                                                                     | AMS-OSRAM AG 12.25% 03/30/2029 144A                                                                     | CUSIP: 03217CAB2<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |   1350000 | PA      | $1444181.40   | 0.32%             | 2029-03-30      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                                       | GOEASY LTD 9.25% 12/01/2028 144A                                                                        | CUSIP: 380355AH0<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |   1575000 | PA      | $1621949.18   | 0.36%             | 2028-12-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| ALLIANT HLDGS INTERMEDIATE LLC/ALLIANT HLDGS CO-ISSUER                           | ALLIANT HLDGS INTERMEDIATE LLC/ALLIANT HLDGS CO-ISSUER 7% 01/15/2031 144A                               | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    725000 | PA      | $753267.75    | 0.17%             | 2031-01-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP / BIP-V CHINOOK HOLDCO LLC                                         | CQP HOLDCO LP / BIP-V CHINOOK HOLDCO LLC 7.5% 12/15/2033 144A                                           | CUSIP: 12657NAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    365000 | PA      | $395393.60    | 0.09%             | 2033-12-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                                              | KINETIK HOLDINGS LP 6.625% 12/15/2028 144A                                                              | CUSIP: 49461MAB6<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    935000 | PA      | $961866.34    | 0.21%             | 2028-12-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                             | EDISON INTERNATIONAL 7.875%/VAR 06/15/2054                                                              | CUSIP: 281020AZ0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    965000 | PA      | $1003660.80   | 0.22%             | 2054-06-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FINANCIAL SERVICES INC                                                  | PENNYMAC FINANCIAL SERVICES INC 7.875% 12/15/2029 144A                                                  | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   1115000 | PA      | $1189247.46   | 0.26%             | 2029-12-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                                                   | CVR ENERGY INC 8.5% 01/15/2029 144A                                                                     | CUSIP: 12662PAF5<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1131318.10   | 0.25%             | 2029-01-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                             | ONEMAIN FINANCE CORP 7.875% 03/15/2030                                                                  | CUSIP: 682691AE0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1166000 | PA      | $1234107.23   | 0.27%             | 2030-03-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| GLOBAL PARTNERS LP / GLP FIN CORP                                                | GLOBAL PARTNERS LP / GLP FIN CORP 8.25% 01/15/2032 144A                                                 | CUSIP: 37954FAK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    335000 | PA      | $351253.20    | 0.08%             | 2032-01-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                                            | DIRECTV FINANCING LLC 8.875% 02/01/2030 144A                                                            | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2691000 | PA      | $2671641.65   | 0.60%             | 2030-02-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| NGL ENERGY OPER LLC/NGL ENERGY FIN CORP                                          | NGL ENERGY OPER LLC/FIN CORP 8.125% 02/15/2029 144A                                                     | CUSIP: 62922LAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1950000 | PA      | $2006007.90   | 0.45%             | 2029-02-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                                                         | JEFFERSON CAPITAL HOLDIN 9.5% 02/15/2029 144A                                                           | CUSIP: 472481AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $527907.00    | 0.12%             | 2029-02-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO LLC                                                      | ALLIED UNIVERSAL HOLDCO LLC 7.875% 02/15/2031 144A                                                      | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |   1356000 | PA      | $1427674.09   | 0.32%             | 2031-02-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: —       |
| STENA INTERNATIONAL SA                                                           | STENA INTERNATIONAL SA 7.625% 02/15/2031 144A                                                           | CUSIP: 85858EAE3<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |    522000 | PA      | $535039.56    | 0.12%             | 2031-02-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                                               | ARDONAGH FINCO LTD 7.75% 02/15/2031 144A                                                                | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    324000 | PA      | $338744.59    | 0.08%             | 2031-02-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| AMER SPORTS CO                                                                   | AMER SPORTS CO 6.75% 02/16/2031 144A                                                                    | CUSIP: 02352NAA7<br>LEI: 549300NRKH9WF70VFC95 | Long             | DBT              | CORP              | US        |   2437000 | PA      | $2540577.37   | 0.57%             | 2031-02-16      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                    | TRANSDIGM INC 6.375% 03/01/2029 144A                                                                    | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    500000 | PA      | $515000.00    | 0.11%             | 2029-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: —       |
| AMWINS GROUP INC                                                                 | AMWINS GROUP INC 6.375% 02/15/2029 144A                                                                 | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    500000 | PA      | $513815.00    | 0.11%             | 2029-02-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: —       |
| DELEK LOGISTICS PARTNERS LP / DELEK LOGISTICS FINANCE CORP                       | DELEK LOGISTICS PARTNERS LP / DELEK LOGISTICS FINANCE CORP 8.625% 03/15/2029 144A                       | CUSIP: 24665FAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3018000 | PA      | $3163334.81   | 0.70%             | 2029-03-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                                                               | RITHM CAPITAL CORP 8% 04/01/2029 144A                                                                   | CUSIP: 64828TAB8<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |   3746000 | PA      | $3827078.42   | 0.85%             | 2029-04-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP/MEDLINE CO-ISSUER INC                                        | MEDLINE BORROWER LP/MEDLINE CO-ISSUER INC 6.25% 04/01/2029 144A                                         | CUSIP: 58506DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1630000 | PA      | $1685941.60   | 0.38%             | 2029-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MITER BRANDS ACQUISITION HOLDCO INC / MIWD BORROWER LLC                          | MITER BRANDS ACQUISITION HOLDCO INC / MIWD BORROWER LLC 6.75% 04/01/2032 144A                           | CUSIP: 60672JAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $245172.72    | 0.05%             | 2032-04-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTYS LP and RHP FIN CORP                                              | RHP HOTEL PPTYS LP and RHP FIN CORP 6.5% 04/01/2032 144A                                                | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3196000 | PA      | $3312356.77   | 0.74%             | 2032-04-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: —       |
| BOMBARDIER INC                                                                   | BOMBARDIER INC 7.25% 07/01/2031 144A                                                                    | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    430000 | PA      | $458024.39    | 0.10%             | 2031-07-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER LLC                                                        | PANTHER ESCROW ISSUER LLC 7.125% 06/01/2031 144A                                                        | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    854000 | PA      | $883050.18    | 0.20%             | 2031-06-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC                                                                 | AMC NETWORKS INC 10.25% 01/15/2029 144A                                                                 | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1468730.20   | 0.33%             | 2029-01-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                                                 | GGAM FINANCE LTD 6.875% 04/15/2029 144A                                                                 | CUSIP: 36170JAD8<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    380000 | PA      | $394299.40    | 0.09%             | 2029-04-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR SA                                                        | MILLICOM INTL CELLULAR SA 7.375% 04/02/2032 144A                                                        | CUSIP: 600814AS6<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |   1829000 | PA      | $1897185.12   | 0.42%             | 2032-04-02      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                                                                | RAKUTEN GROUP INC 9.75% 04/15/2029 144A                                                                 | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $1111191.49   | 0.25%             | 2029-04-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| HLF FINANCING SARL LLC / HERBALIFE INTERNATIONAL INC                             | HLF FINANCING SARL LLC / HERBALIFE INTERNATIONAL INC 12.25% 04/15/2029 144A                             | CUSIP: 40390DAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2293000 | PA      | $2470567.63   | 0.55%             | 2029-04-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                                           | COMSTOCK RESOURCES INC 6.75% 03/01/2029 144A                                                            | CUSIP: 205768AU8<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   3003000 | PA      | $2986455.87   | 0.67%             | 2029-03-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| GENESEE and WYOMING INC                                                          | GENESEE and WYOMING INC 6.25% 04/15/2032 144A                                                           | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |    965000 | PA      | $992283.45    | 0.22%             | 2032-04-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| TASEKO MINES LTD                                                                 | TASEKO MINES LTD 8.25% 05/01/2030 144A                                                                  | CUSIP: 876511AG1<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |   2380000 | PA      | $2523887.66   | 0.56%             | 2030-05-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| ENDO FINANCE HOLDINGS INC                                                        | ENDO FINANCE HOLDINGS INC 8.5% 04/15/2031 144A                                                          | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    460000 | PA      | $478526.96    | 0.11%             | 2031-04-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| EMPIRE COMMUNITIES CORP                                                          | EMPIRE COMMUNITIES CORP 9.75% 05/01/2029 144A                                                           | CUSIP: 29163VAG8<br>LEI: 549300JM1L6KK2QFP273 | Long             | DBT              | CORP              | CA        |    134000 | PA      | $134670.00    | 0.03%             | 2029-05-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                                                           | HARVEST MIDSTREAM I LP 7.5% 05/15/2032 144A                                                             | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    565000 | PA      | $587107.89    | 0.13%             | 2032-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| PARK INTERMEDIATE HOLDINGS LLC / PK DOMESTIC PROPERTY LLC / PK FINANCE CO-ISSUER | PARK INTERMEDIATE HOLDINGS LLC / PK DOMESTIC PROPERTY LLC / PK FINANCE CO-ISSUER 7% 02/01/2030 144A     | CUSIP: 70052LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $214397.19    | 0.05%             | 2030-02-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| GARRETT MOTION HOLDINGS INC / GARRETT LX I SARL                                  | GARRETT MOTION HOLDINGS INC / GARRETT LX I SARL 7.75% 05/31/2032 144A                                   | CUSIP: 366504AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2388000 | PA      | $2523163.19   | 0.56%             | 2032-05-31      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| KAROON USA FINANCE INC                                                           | KAROON USA FINANCE INC 10.5% 05/14/2029 144A                                                            | CUSIP: 48575AAA9<br>LEI: 254900I4IZ164TOMZH46 | Long             | DBT              | CORP              | US        |   2651000 | PA      | $2734593.98   | 0.61%             | 2029-05-14      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| HTA GROUP LTD/MAURITIUS                                                          | HTA GROUP LTD/MAURITIUS 7.5% 06/04/2029 144A                                                            | CUSIP: 40435WAC4<br>LEI: 213800WEFU8O8X6EPU13 | Long             | DBT              | CORP              | MU        |   2500000 | PA      | $2592200.00   | 0.58%             | 2029-06-04      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA RESOURCES CORPORATION                                                 | CALIFORNIA RES CORP 8.25% 06/15/2029 144A                                                               | CUSIP: 13057QAK3<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |   2820000 | PA      | $2950495.50   | 0.66%             | 2029-06-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| ALLIANCE RESOURCE OPER L P / ALLIANCE RESOURCE FIN CORP                          | ALLIANCE RESOURCE OPER L P / ALLIANCE RESOURCE FIN CORP 8.625% 06/15/2029 144A                          | CUSIP: 01879NAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    762000 | PA      | $803746.93    | 0.18%             | 2029-06-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / ACRISURE FINANCE INC                                              | ACRISURE LLC / ACRISURE FINANCE INC 7.5% 11/06/2030 144A                                                | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1055000 | PA      | $1095498.29   | 0.24%             | 2030-11-06      | Fixed         | 0.07%                 | No            |                  2 | On Loan: —       |
| BRINKS CO                                                                        | BRINKS CO 6.5% 06/15/2029 144A                                                                          | CUSIP: 109696AC8<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    590000 | PA      | $609212.17    | 0.14%             | 2029-06-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| SATURN OIL and GAS INC                                                           | SATURN OIL and GAS INC 9.625% 06/15/2029 144A                                                           | CUSIP: 80412LAA5<br>LEI: 549300G6BWJ7K6PIIY73 | Long             | DBT              | CORP              | CA        |   2211750 | PA      | $2249367.44   | 0.50%             | 2029-06-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| 1011778 B C UNLIMITED LIABILITY CO / NEW RED FIN INC                             | 1011778 BC ULC/NEW RED FIN INC 6.125% 06/15/2029 144A                                                   | CUSIP: 68245XAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2062026.00   | 0.46%             | 2029-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| EMRLD BORROWER LP / EMERALD CO-ISSUER INC                                        | EMRLD BORROWER LP / EMERALD CO-ISSUER INC 6.75% 07/15/2031 144A                                         | CUSIP: 26873CAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $392509.88    | 0.09%             | 2031-07-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: —       |
| SEALED AIR CORP                                                                  | SEALED AIR CORP 6.5% 07/15/2032 144A                                                                    | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |   2063000 | PA      | $2135378.07   | 0.48%             | 2032-07-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CPI ACQUISITION INC                                                              | CPI ACQUISITION INC 10% 07/15/2029 144A                                                                 | CUSIP: 12598FAC3<br>LEI: 254900H3R50WH1B1LB48 | Long             | DBT              | CORP              | US        |    322000 | PA      | $338261.00    | 0.08%             | 2029-07-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| ZEGONA FINANCE PLC                                                               | ZEGONA FINANCE PLC 8.625% 07/15/2029 144A                                                               | CUSIP: 98927UAA5<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |    452000 | PA      | $478842.14    | 0.11%             | 2029-07-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| GEO GROUP INC/THE                                                                | GEO GROUP INC/THE 10.25% 04/15/2031                                                                     | CUSIP: 36162JAH9<br>LEI: 5493003VOR6NTY465495 | Long             | DBT              | CORP              | US        |   2839000 | PA      | $3115228.79   | 0.69%             | 2031-04-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| GEO GROUP INC/THE                                                                | GEO GROUP INC/THE 8.625% 04/15/2029                                                                     | CUSIP: 36162JAG1<br>LEI: 5493003VOR6NTY465495 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1380412.50   | 0.31%             | 2029-04-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION HOLDINGS INC                                              | CLYDESDALE ACQUISITION HOLDINGS INC 6.875% 01/15/2030 144A                                              | CUSIP: 18972EAC9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    500000 | PA      | $507655.00    | 0.11%             | 2030-01-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: —       |
| ENOVA INTERNATIONAL INC                                                          | ENOVA INTL INC 9.125% 08/01/2029 144A                                                                   | CUSIP: 29357KAK9<br>LEI: 549300O8XOCQSB49UO63 | Long             | DBT              | CORP              | US        |   4234000 | PA      | $4472801.83   | 1.00%             | 2029-08-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: —       |
| LIGHTNING POWER LLC                                                              | LIGHTNING POWER LLC 7.25% 08/15/2032 144A                                                               | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |    305000 | PA      | $323658.68    | 0.07%             | 2032-08-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: —       |
| POST HOLDINGS INC                                                                | POST HLDGS INC 6.375% 03/01/2033 144A                                                                   | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   1122000 | PA      | $1135650.25   | 0.25%             | 2033-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: —       |
| DAVITA INC                                                                       | DAVITA INC 6.875% 09/01/2032 144A                                                                       | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    900000 | PA      | $936475.20    | 0.21%             | 2032-09-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: —       |
| GLOBAL AIRCRAFT LEASING CO LTD                                                   | GLOBAL AIRCRAFT LEASING CO LTD 8.75% 09/01/2027 144A                                                    | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   2715000 | PA      | $2807945.31   | 0.63%             | 2027-09-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| MOSS CREEK RES HLDGS INC                                                         | MOSS CREEK RES HLDGS INC 8.25% 09/01/2031 144A                                                          | CUSIP: 61965RAC9<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1294741.53   | 0.29%             | 2031-09-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC                                                                       | ARCOSA INC 6.875% 08/15/2032 144A                                                                       | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |   1135000 | PA      | $1192621.68   | 0.27%             | 2032-08-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC / SHIFT4 PAYMENTS FINANCE SUB INC                            | SHIFT4 PAYMENTS LLC / SHIFT4 PAYMENTS FINANCE SUB INC 6.75% 08/15/2032 144A                             | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1135000 | PA      | $1179732.62   | 0.26%             | 2032-08-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| PHINIA INC                                                                       | PHINIA INC 6.625% 10/15/2032 144A                                                                       | CUSIP: 71880KAB7<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |   2104000 | PA      | $2178195.46   | 0.49%             | 2032-10-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC / WYNN RESORTS CAPITAL CORP                             | WYNN RESORTS FIN LLC / CAP CORP 6.25% 03/15/2033 144A                                                   | CUSIP: 983133AD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1022550.00   | 0.23%             | 2033-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: —       |
| APTIV SWISS HOLDINGS LTD                                                         | APTIV SWISS HOLDINGS LTD 6.875%/VAR 12/15/2054                                                          | CUSIP: 03837AAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |   3000000 | PA      | $3080388.00   | 0.69%             | 2054-12-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS LLC                                                     | FOCUS FINANCIAL PARTNERS LLC 6.75% 09/15/2031 144A                                                      | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |    641000 | PA      | $662258.12    | 0.15%             | 2031-09-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ALLIANT HLDGS INTERMEDIATE LLC/ALLIANT HLDGS CO-ISSUER                           | ALLIANT HLDGS INTERMEDIATE LLC/ALLIANT HLDGS CO-ISSUER 6.5% 10/01/2031 144A                             | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $514357.50    | 0.11%             | 2031-10-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CIMPRESS PLC                                                                     | CIMPRESS PLC 7.375% 09/15/2032 144A                                                                     | CUSIP: 17186HAH5<br>LEI: 549300X1IFD75XISOR81 | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $1020082.00   | 0.23%             | 2032-09-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ALTAGAS LTD                                                                      | ALTAGAS LTD 7.2%/VAR 10/15/2054 144A                                                                    | CUSIP: 021361AD2<br>LEI: DR5LKEURSR8SXLM64266 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1034599.00   | 0.23%             | 2054-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                                                             | ALPHA GENERATION LLC 6.75% 10/15/2032 144A                                                              | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    395000 | PA      | $406529.66    | 0.09%             | 2032-10-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: —       |
| ECHOSTAR CORP                                                                    | ECHOSTAR CORP 10.75% 11/30/2029                                                                         | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   2085000 | PA      | $2298712.50   | 0.51%             | 2029-11-30      | Fixed         | 0.11%                 | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                                                            | BELRON UK FINANCE PLC 5.75% 10/15/2029 144A                                                             | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |   3200000 | PA      | $3254179.20   | 0.72%             | 2029-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PATRICK INDUSTRIES INC                                                           | PATRICK INDUSTRIES INC 6.375% 11/01/2032 144A                                                           | CUSIP: 703343AH6<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1024189.00   | 0.23%             | 2032-11-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: —       |
| ITHACA ENERGY NORTH SEA PLC                                                      | ITHACA ENERGY NORTH SEA PLC 8.125% 10/15/2029 144A                                                      | CUSIP: 46567TAC8<br>LEI: 213800BMMUN3AKWBIO91 | Long             | DBT              | CORP              | GB        |   1255000 | PA      | $1313680.04   | 0.29%             | 2029-10-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP                            | ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP 10% 11/15/2029 144A                               | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $802000.00    | 0.18%             | 2029-11-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| METHANEX US OPERATIONS INC                                                       | METHANEX US OPERATIONS INC 6.25% 03/15/2032 144A                                                        | CUSIP: 59151LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $616056.00    | 0.14%             | 2032-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: —       |
| NOVELIS CORP                                                                     | NOVELIS CORP 6.875% 01/30/2030 144A                                                                     | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1036219.00   | 0.23%             | 2030-01-30      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC / DIRECTV FINANCING CO-OBLIGOR INC                         | DIRECTV FINANCING LLC / CO-OBLIGOR INC 10% 02/15/2031 144A                                              | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1986657.80   | 0.44%             | 2031-02-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANCE CORP                                                           | CREDIT ACCEPTANCE CORP 6.625% 03/15/2030 144A                                                           | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $496365.27    | 0.11%             | 2030-03-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: —       |
| BREAD FINANCIAL HOLDINGS INC                                                     | BREAD FINANCIAL HOLDINGS INC 8.375%/VAR 06/15/2035 144A                                                 | CUSIP: 018581AQ1<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |   2820000 | PA      | $2890522.56   | 0.64%             | 2035-06-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                                                              | AXON ENTERPRISE INC 6.25% 03/15/2033 144A                                                               | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    490000 | PA      | $508733.68    | 0.11%             | 2033-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                                                      | WAYFAIR LLC 7.75% 09/15/2030 144A                                                                       | CUSIP: 94419NAB3<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |   4105000 | PA      | $4375010.48   | 0.97%             | 2030-09-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: —       |
| VIRIDIEN                                                                         | VIRIDIEN 10% 10/15/2030 144A                                                                            | CUSIP: 12531QAA3<br>LEI: 969500FCVQ5SLAAUJV59 | Long             | DBT              | CORP              | FR        |   1025000 | PA      | $1080529.38   | 0.24%             | 2030-10-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| INSULET CORP                                                                     | INSULET CORP 6.5% 04/01/2033 144A                                                                       | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |    165000 | PA      | $172334.91    | 0.04%             | 2033-04-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                                                   | 1261229 BC LTD 10% 04/15/2032 144A                                                                      | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1400000 | PA      | $1447341.00   | 0.32%             | 2032-04-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                                       | GOEASY LTD 7.375% 10/01/2030 144A                                                                       | CUSIP: 380355AN7<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $967838.90    | 0.22%             | 2030-10-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FINANCIAL SERVICES INC                                                  | PENNYMAC FINANCIAL SERVICES INC 6.875% 05/15/2032 144A                                                  | CUSIP: 70932MAG2<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1931292.70   | 0.43%             | 2032-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: —       |
| MAREX GROUP PLC                                                                  | MAREX GROUP PLC 5.829% 05/08/2028                                                                       | CUSIP: 566539AB8<br>LEI: 549300DWX0SVICJAL507 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1014803.95   | 0.23%             | 2028-05-08      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                                         | BUILDERS FIRSTSOURCE INC 6.75% 05/15/2035 144A                                                          | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1381647.83   | 0.31%             | 2035-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORPORATION                                                           | FAIR ISAAC CORPORATION 6% 05/15/2033 144A                                                               | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    910000 | PA      | $935343.50    | 0.21%             | 2033-05-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOGY PTE LTD                                          | SEAGATE DATA STORAGE TECHNOLOGY PTE LTD 5.875% 07/15/2030 144A                                          | CUSIP: 81180LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   2000000 | PA      | $2059388.00   | 0.46%             | 2030-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                    | TRANSDIGM INC 6.375% 05/31/2033 144A                                                                    | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    920000 | PA      | $942996.32    | 0.21%             | 2033-05-31      | Fixed         | 0.06%                 | No            |                  2 | On Loan: —       |
| ENPRO INC                                                                        | ENPRO INC 6.125% 06/01/2033 144A                                                                        | CUSIP: 29355XAH0<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | DBT              | CORP              | US        |    900000 | PA      | $929701.80    | 0.21%             | 2033-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                                   | BOMBARDIER INC 6.75% 06/15/2033 144A                                                                    | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    935000 | PA      | $986044.22    | 0.22%             | 2033-06-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR RENT LLC / AVIS BUDGET FINANCE INC                               | AVIS BUDG CAR RENT LLC/FIN INC 8.375% 06/15/2032 144A                                                   | CUSIP: 053773BK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    950000 | PA      | $978152.30    | 0.22%             | 2032-06-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: —       |
| COREWEAVE INC                                                                    | COREWEAVE INC 9.25% 06/01/2030 144A                                                                     | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |   4560000 | PA      | $4207080.49   | 0.94%             | 2030-06-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PARTNERS LP / AMERIGAS FINANCE CORP                                     | AMERIGAS PARTN LP/AMERIGAS FIN 9.5% 06/01/2030 144A                                                     | CUSIP: 030981AP9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    925000 | PA      | $980318.70    | 0.22%             | 2030-06-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                                       | DAVITA INC 6.75% 07/15/2033 144A                                                                        | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1922362.75   | 0.43%             | 2033-07-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC                                                           | CACI INTERNATIONAL INC 6.375% 06/15/2033 144A                                                           | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |    715000 | PA      | $745390.36    | 0.17%             | 2033-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTYS LP and RHP FIN CORP                                              | RHP HOTEL PPTYS LP and RHP FIN CORP 6.5% 06/15/2033 144A                                                | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    900000 | PA      | $935251.20    | 0.21%             | 2033-06-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: —       |
| ENDEAVOUR MINING PLC                                                             | ENDEAVOUR MINING PLC 7% 05/28/2030 144A                                                                 | CUSIP: 29261HAB1<br>LEI: 529900NI5MXQ91GHXR07 | Long             | DBT              | CORP              | GB        |    700000 | PA      | $721735.00    | 0.16%             | 2030-05-28      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| NEW FLYER HOLDINGS INC                                                           | NEW FLYER HOLDINGS INC 9.25% 07/01/2030 144A                                                            | CUSIP: 64438WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3765000 | PA      | $4032382.77   | 0.90%             | 2030-07-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                                        | IQVIA INC 6.25% 06/01/2032 144A                                                                         | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    740000 | PA      | $774014.10    | 0.17%             | 2032-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| COMPASS MINERALS INTL INC                                                        | COMPASS MINERALS INTL INC 8% 07/01/2030 144A                                                            | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1499119.20   | 0.33%             | 2030-07-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| DOTDASH MEREDITH INC                                                             | DOTDASH MEREDITH INC 7.625% 06/15/2032 144A                                                             | CUSIP: 25849JAA8<br>LEI: 549300R2AA7U9CJUQO13 | Long             | DBT              | CORP              | US        |   1945000 | PA      | $1761547.60   | 0.39%             | 2032-06-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| GLOBAL PARTNERS LP / GLP FIN CORP                                                | GLOBAL PARTNERS LP / GLP FIN CORP 7.125% 07/01/2033 144A                                                | CUSIP: 37954FAL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    981000 | PA      | $996356.57    | 0.22%             | 2033-07-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC                                        | HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC 6.15% 01/15/2031                                              | CUSIP: 40408AAA9<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1024334.44   | 0.23%             | 2031-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                                                               | RITHM CAPITAL CORP 8% 07/15/2030 144A                                                                   | CUSIP: 64828TAC6<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |   1305000 | PA      | $1330140.83   | 0.30%             | 2030-07-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC                                                                 | AMC NETWORKS INC 10.5% 07/15/2032 144A                                                                  | CUSIP: 00164VAK9<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |   1160000 | PA      | $1242659.28   | 0.28%             | 2032-07-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: —       |
| REALOGY GROUP LLC / REALOGY CO-ISSUER CORP                                       | REALOGY GROUP LLC / REALOGY CO-ISSUER CORP 9.75% 04/15/2030 144A                                        | CUSIP: 75606DAV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2045000 | PA      | $2221595.98   | 0.49%             | 2030-04-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| STONEX ESCROW ISSUER LLC                                                         | STONEX ESCROW ISSUER LLC 6.875% 07/15/2032 144A                                                         | CUSIP: 86189AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $776328.00    | 0.17%             | 2032-07-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                           | US 5YR NOTE (CBT) FUT MAR26 FVH6                                                                        | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |        11 | NC      | $3162.09      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DELEK LOGISTICS PARTNERS LP / DELEK LOGISTICS FINANCE CORP                       | DELEK LOGISTICS PARTNERS LP / DELEK LOGISTICS FINANCE CORP 7.375% 06/30/2033 144A                       | CUSIP: 24665FAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    945000 | PA      | $968123.21    | 0.22%             | 2033-06-30      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CHAMPION IRON CANADA INC                                                         | CHAMPION IRON CANADA INC 7.875% 07/15/2032 144A                                                         | CUSIP: 15853BAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1053131.00   | 0.23%             | 2032-07-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                         | WARNERMEDIA HOLDINGS INC 5.05% 03/15/2042                                                               | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1795000 | PA      | $1435766.65   | 0.32%             | 2042-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: —       |
| HILTON DOMESTIC OPERATING CO INC                                                 | HILTON DOMESTIC OPERATING CO INC 5.75% 09/15/2033 144A                                                  | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1076239.50   | 0.24%             | 2033-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                    | CARNIVAL CORP 5.75% 08/01/2032 144A                                                                     | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   1000000 | PA      | $1025113.00   | 0.23%             | 2032-08-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                                     | UNIVISION COMMUNICATIONS INC 9.375% 08/01/2032 144A                                                     | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   1865000 | PA      | $1979813.13   | 0.44%             | 2032-08-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: —       |
| AECOM                                                                            | AECOM 6% 08/01/2033 144A                                                                                | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |    810000 | PA      | $832631.40    | 0.19%             | 2033-08-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                    | CITIGROUP INC T5Y+289 6.875%/VAR PERP                                                                   | CUSIP: 17327CBC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   1210000 | PA      | $1238478.56   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| CENTURY ALUMINUM COMPANY                                                         | CENTURY ALUMINUM COMPANY 6.875% 08/01/2032 144A                                                         | CUSIP: 156431AS7<br>LEI: 549300U5ODNGEYWKSW73 | Long             | DBT              | CORP              | US        |    440000 | PA      | $447100.28    | 0.10%             | 2032-08-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                                                    | COREWEAVE INC 9% 02/01/2031 144A                                                                        | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    605000 | PA      | $547460.93    | 0.12%             | 2031-02-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS LLC                                                       | AMNEAL PHARMACEUTICALS LLC 6.875% 08/01/2032 144A                                                       | CUSIP: 03168LAA3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |    355000 | PA      | $374978.34    | 0.08%             | 2032-08-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| PAGAYA US HOLDINGS CO LLC                                                        | PAGAYA US HOLDINGS CO LLC 8.875% 08/01/2030 144A                                                        | CUSIP: 69549FAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2045000 | PA      | $1841938.66   | 0.41%             | 2030-08-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: —       |
| ADVANCE AUTO PARTS INC                                                           | ADVANCE AUTO PARTS INC 7.375% 08/01/2033 144A                                                           | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1655452.50   | 0.37%             | 2033-08-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: —       |
| MILLROSE PROPERTIES INC REIT                                                     | MILLROSE PROPERTIES INC REIT 6.375% 08/01/2030 144A                                                     | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2470000 | PA      | $2519716.16   | 0.56%             | 2030-08-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FINANCIAL SERVICES INC                                                  | PENNYMAC FINANCIAL SERVICES INC 6.75% 02/15/2034 144A                                                   | CUSIP: 70932MAH0<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    925000 | PA      | $953145.90    | 0.21%             | 2034-02-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                    | TRANSDIGM INC 6.25% 01/31/2034 144A                                                                     | CUSIP: 893647BZ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    135000 | PA      | $139973.27    | 0.03%             | 2034-01-31      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ATLANTICUS HOLDINGS CORP                                                         | ATLANTICUS HOLDINGS CORP 9.75% 09/01/2030 144A                                                          | CUSIP: 04914AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1805000 | PA      | $1743874.40   | 0.39%             | 2030-09-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| MAIN STREET CAPITAL CORP                                                         | MAIN STR CAP CORP 5.4% 08/15/2028                                                                       | CUSIP: 56035LAK0<br>LEI: 5493001FS9QJLJNF3E20 | Long             | DBT              | CORP              | US        |    800000 | PA      | $801986.92    | 0.18%             | 2028-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                                        | BLOCK INC 6% 08/15/2033 144A                                                                            | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    305000 | PA      | $313465.70    | 0.07%             | 2033-08-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| DREAM FINDERS HOMES INC                                                          | DREAM FINDERS HOMES INC 6.875% 09/15/2030 144A                                                          | CUSIP: 26154DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    620000 | PA      | $624832.90    | 0.14%             | 2030-09-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESORTS INC                                                   | MARRIOTT OWNERSHIP RESORTS INC 6.5% 10/01/2033 144A                                                     | CUSIP: 57164PAK2<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |    625000 | PA      | $594168.81    | 0.13%             | 2033-10-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| NCL CORP LTD                                                                     | NCL CORP LTD 6.25% 09/15/2033 144A                                                                      | CUSIP: 62886HBZ3<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    840000 | PA      | $829943.18    | 0.18%             | 2033-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC REIT                                                     | MILLROSE PROPERTIES INC REIT 6.25% 09/15/2032 144A                                                      | CUSIP: 601137AB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1140000 | PA      | $1152877.44   | 0.26%             | 2032-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HLDGS INC NEW                                                          | ENERGIZER HLDGS INC 6% 09/15/2033 144A                                                                  | CUSIP: 29272WAG4<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    840000 | PA      | $792944.54    | 0.18%             | 2033-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: —       |
| HOVNANIAN K ENTERPRISES INC                                                      | HOVNANIAN K ENTERPRISES INC 8.375% 10/01/2033 144A                                                      | CUSIP: 48251UAQ1<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1081132.57   | 0.24%             | 2033-10-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| LIGHT and WONDER INTERNATIONAL INC                                               | LIGHT and WONDER INTERNATIONAL INC 6.25% 10/01/2033 144A                                                | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    630000 | PA      | $633871.35    | 0.14%             | 2033-10-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: —       |
| DIVERSIFIED HEALTHCARE TR                                                        | DIVERSIFIED HEALTHCARE TR 7.25% 10/15/2030 144A                                                         | CUSIP: 25525PAE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1265000 | PA      | $1285885.15   | 0.29%             | 2030-10-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| TOPBUILD CORP                                                                    | TOPBUILD CORP 5.625% 01/31/2034 144A                                                                    | CUSIP: 89055FAD5<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |    850000 | PA      | $861603.73    | 0.19%             | 2034-01-31      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE and MANUFACTURING INC                                              | AMERICAN AXLE and MFG INC 6.375% 10/15/2032 144A                                                        | CUSIP: 02406PBC3<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    325000 | PA      | $326993.55    | 0.07%             | 2032-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE and MANUFACTURING INC                                              | AMERICAN AXLE and MFG INC 7.75% 10/15/2033 144A                                                         | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    610000 | PA      | $616065.23    | 0.14%             | 2033-10-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| FIVE POINT OPERATING CO LP                                                       | FIVE POINT OPERATING CO LP 8% 10/01/2030 144A                                                           | CUSIP: 33834YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1055000 | PA      | $1101445.32   | 0.25%             | 2030-10-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                                            | DIRECTV FINANCING LLC 8.875% 02/01/2030 144A                                                            | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1510000 | PA      | $1493614.08   | 0.33%             | 2030-02-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                                            | MINERAL RESOURCES LTD 7% 04/01/2031 144A                                                                | CUSIP: 603051AF0<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   1490000 | PA      | $1548668.75   | 0.34%             | 2031-04-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INTERNATIONAL CORP                                          | SCIENCE APPLICATIONS INTERNATIONAL CORP 5.875% 11/01/2033 144A                                          | CUSIP: 808625AB3<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |    855000 | PA      | $851693.03    | 0.19%             | 2033-11-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL AND GAS INC                                                         | NORTHERN OIL AND GAS INC 7.875% 10/15/2033 144A                                                         | CUSIP: 665531AL3<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    320000 | PA      | $311424.10    | 0.07%             | 2033-10-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                                                 | LAMAR MEDIA CORP 5.375% 11/01/2033 144A                                                                 | CUSIP: 513075CA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    845000 | PA      | $845920.86    | 0.19%             | 2033-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GOLAR LNG LTD                                                                    | GOLAR LNG LTD 7.5% 10/02/2030 144A                                                                      | CUSIP: 38046YAE1<br>LEI: 213800C2VSFZG3EZLO34 | Long             | DBT              | CORP              | BM        |   3350000 | PA      | $3256836.50   | 0.73%             | 2030-10-02      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| WEATHERFORD INTL LTD                                                             | WEATHERFORD INTL LTD 6.75% 10/15/2033 144A                                                              | CUSIP: 947075AW7<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1535224.50   | 0.34%             | 2033-10-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BKV UPSTREAM MIDSTREAM LLC                                                       | BKV UPSTREAM MIDSTREAM LLC 7.5% 10/15/2030 144A                                                         | CUSIP: 05619CAA3<br>LEI: 254900LG75NBYHBBAU18 | Long             | DBT              | CORP              | US        |    855000 | PA      | $861345.99    | 0.19%             | 2030-10-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA RESOURCES CORPORATION                                                 | CALIFORNIA RES CORP 7% 01/15/2034 144A                                                                  | CUSIP: 13057QAL1<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |   1070000 | PA      | $1067308.52   | 0.24%             | 2034-01-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: —       |
| NRG ENERGY INC                                                                   | NRG ENERGY INC 6% 01/15/2036 144A                                                                       | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    640000 | PA      | $649978.88    | 0.14%             | 2036-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: —       |
| ENCORE CAPITAL GROUP INC                                                         | ENCORE CAP GROUP INC 6.625% 04/15/2031 144A                                                             | CUSIP: 292554AS1<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    640000 | PA      | $639803.71    | 0.14%             | 2031-04-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: —       |
| NICKEL INDUSTRIES LTD                                                            | NICKEL INDUSTRIES LTD 9% 09/30/2030 144A                                                                | CUSIP: 653890AB9<br>LEI: 54930007K0WX53TSIK16 | Long             | DBT              | CORP              | AU        |   2000000 | PA      | $2057500.00   | 0.46%             | 2030-09-30      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| EF HOLDCO / EF CAYMAN HOLD / ELLINGTON FIN REIT CAYMAN/TRS / EF CAYMAN NON-MTM   | EF HOLDCO / EF CAYMAN HOLD / ELLINGTON FIN REIT CAYMAN/TRS / EF CAYMAN NON-MTM 7.375% 09/30/2030 144A   | CUSIP: 31574BAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    640000 | PA      | $646544.64    | 0.14%             | 2030-09-30      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| EUSHI FINANCE INC                                                                | EUSHI FINANCE INC 6.125%/VAR 04/01/2056                                                                 | CUSIP: 29882DAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    790000 | PA      | $790851.62    | 0.18%             | 2056-04-01      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                                               | VIKING CRUISES LTD 5.875% 10/15/2033 144A                                                               | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |   1495000 | PA      | $1519237.01   | 0.34%             | 2033-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERSHIP LP                                                   | BRANDYWINE OPER PARTNERSHIP LP 6.125% 01/15/2031                                                        | CUSIP: 105340AT0<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              | CORP              | US        |    640000 | PA      | $632782.14    | 0.14%             | 2031-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| DANAOS CORP                                                                      | DANAOS CORP 6.875% 10/15/2032 144A                                                                      | CUSIP: 23585WAC8<br>LEI: 734IM3DNDNT36T7YTD24 | Long             | DBT              | CORP              | MH        |   2700000 | PA      | $2747987.10   | 0.61%             | 2032-10-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                                                          | TALEN ENERGY SUPPLY LLC 6.25% 02/01/2034 144A                                                           | CUSIP: 87422VAM0<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1304222.72   | 0.29%             | 2034-02-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| WULF COMPUTE LLC                                                                 | WULF COMPUTE LLC 7.75% 10/15/2030 144A                                                                  | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1565000 | PA      | $1618085.52   | 0.36%             | 2030-10-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS L P /FERRELLGAS FIN                                                   | FERRELLGAS L P /FERRELLGAS FIN 9.25% 01/15/2031 144A                                                    | CUSIP: 315292AU6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $757482.75    | 0.17%             | 2031-01-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS LLC / SAFEWAY INC / NEW ALBERTSONS INC / ALBERTSONS LLC           | ALBERTSONS COS LLC / SAFEWAY INC / NEW ALBERTSONS INC / ALBERTSONS LLC 5.5% 03/31/2031 144A             | CUSIP: 01309QAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    385000 | PA      | $390261.41    | 0.09%             | 2031-03-31      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORP                                                             | KAISER ALUMINUM CORP 5.875% 03/01/2034 144A                                                             | CUSIP: 483007AM2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    655000 | PA      | $652835.74    | 0.15%             | 2034-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| WILLIAM (CARTER) CO                                                              | WILLIAM (CARTER) CO 7.375% 02/15/2031 144A                                                              | CUSIP: 96926JAG2<br>LEI: TGI2A0HXEYNQPU7TYV27 | Long             | DBT              | CORP              | US        |    655000 | PA      | $668069.39    | 0.15%             | 2031-02-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HOLDINGS INC                                                     | BREAD FINANCIAL HOLDINGS INC 6.75% 05/15/2031 144A                                                      | CUSIP: 018581AR9<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |   1095000 | PA      | $1117867.98   | 0.25%             | 2031-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                            | TENET HEALTHCARE CORP 6% 11/15/2033 144A                                                                | CUSIP: 88033GDV9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    355000 | PA      | $366547.47    | 0.08%             | 2033-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMMUNITIES INC                                                  | TAYLOR MORRISON COMMUNITIES INC 5.75% 11/15/2032 144A                                                   | CUSIP: 87724RAK8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    340000 | PA      | $350445.48    | 0.08%             | 2032-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                                            | NABORS INDUSTRIES INC 7.625% 11/15/2032 144A                                                            | CUSIP: 62957HAR6<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    325000 | PA      | $315122.80    | 0.07%             | 2032-11-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| CIPHER COMPUTE LLC                                                               | CIPHER COMPUTE LLC 7.125% 11/15/2030 144A                                                               | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    285000 | PA      | $289542.85    | 0.06%             | 2030-11-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                                                      | WAYFAIR LLC 6.75% 11/15/2032 144A                                                                       | CUSIP: 94419NAC1<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |    275000 | PA      | $280597.08    | 0.06%             | 2032-11-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                                           | STANDARD CHARTERED PLC 7%/VAR PERP 144A                                                                 | CUSIP: 853254DH0<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    655000 | PA      | $670395.12    | 0.15%             | 2199-12-31      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                                                         | ALLISON TRANSMISSION INC 5.875% 12/01/2033 144A                                                         | CUSIP: 019736AH0<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    475000 | PA      | $479327.02    | 0.11%             | 2033-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                                        | SUNOCO LP 6.625% 08/15/2032 144A                                                                        | CUSIP: 86765KAL3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1030932.00   | 0.23%             | 2032-08-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CARPENTER TECHNOLOGY CORP                                                        | CARPENTER TECHNOLOGY CORP 5.625% 03/01/2034 144A                                                        | CUSIP: 144285AN3<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |    600000 | PA      | $609811.20    | 0.14%             | 2034-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| APLD COMPUTECO LLC                                                               | APLD COMPUTECO LLC 9.25% 12/15/2030 144A                                                                | CUSIP: 00202DAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1262511.94   | 0.28%             | 2030-12-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL METALS CO                                                             | COMMERCIAL METALS CO 5.75% 11/15/2033 144A                                                              | CUSIP: 201723AS2<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1339643.83   | 0.30%             | 2033-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ACUSHNET CO                                                                      | ACUSHNET CO 5.625% 12/01/2033 144A                                                                      | CUSIP: 005095AB0<br>LEI: 549300H805O14KEFES79 | Long             | DBT              | CORP              | US        |    285000 | PA      | $287214.33    | 0.06%             | 2033-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC                                        | HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC 8%/VAR 06/01/2056                                             | CUSIP: 41068XAG5<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |    655000 | PA      | $667397.19    | 0.15%             | 2056-06-01      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| GENMAB A/S/GENMAB FINANCE LLC                                                    | GENMAB A/S/GENMAB FINANCE LLC 7.25% 12/15/2033 144A                                                     | CUSIP: 37230JAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | DK        |   1100000 | PA      | $1152015.70   | 0.26%             | 2033-12-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| GENMAB A/S/GENMAB FINANCE LLC                                                    | GENMAB A/S/GENMAB FINANCE LLC 6.25% 12/15/2032 144A                                                     | CUSIP: 37230JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | DK        |    520000 | PA      | $534680.14    | 0.12%             | 2032-12-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING FINANCE USA LLC/ARDAGH METAL PACKAGING FINANCE PLC        | ARDAGH METAL PACKAGING FINANCE USA LLC/ARDAGH METAL PACKAGING FINANCE PLC 6.25% 01/30/2031 144A         | CUSIP: 03969YAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $330647.78    | 0.07%             | 2031-01-30      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| DBR LAND HOLDINGS LLC                                                            | DBR LAND HOLDINGS LLC 6.25% 12/01/2030 144A                                                             | CUSIP: 24024BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    520000 | PA      | $526661.20    | 0.12%             | 2030-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AMER INC                                                    | UNITED RENTALS NORTH AMER INC 5.375% 11/15/2033 144A                                                    | CUSIP: 911365BS2<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   2215000 | PA      | $2220086.79   | 0.49%             | 2033-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer