# EDGAR Filing Document

**Accession Number:** 0001982467
**File Stem:** 0001982467-25-000014
**Filing Date:** 2025-8
**Character Count:** 455693
**Document Hash:** 0f47ec7293465db340724f757ae8804f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001982467-25-000014.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001982467-25-000014

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Jackson Credit Opportunities Fund
- **CENTRAL INDEX KEY:** 0001982467

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23889
- **FILM NUMBER:** 251265944

**BUSINESS ADDRESS:**
- **STREET 1:** 1 CORPORATE WAY
- **CITY:** LANSING
- **STATE:** MI
- **ZIP:** 48951
- **BUSINESS PHONE:** 517-381-5500

**MAIL ADDRESS:**
- **STREET 1:** 1 CORPORATE WAY
- **CITY:** LANSING
- **STATE:** MI
- **ZIP:** 48951

## Nport-Ex

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
June 30, 2025

---

| | | |
|:---|:---|:---|
| | **Shares/Par<sup>1</sup>** | **Value ($)** |
| **Jackson Credit Opportunities Fund** | **Jackson Credit Opportunities Fund** | **Jackson Credit Opportunities Fund** |
| **SENIOR FLOATING RATE INSTRUMENTS 32.1%** | **SENIOR FLOATING RATE INSTRUMENTS 32.1%** | **SENIOR FLOATING RATE INSTRUMENTS 32.1%** |
| **Industrials 11.3%** | **Industrials 11.3%** | **Industrials 11.3%** |
| Allied Universal Holdco LLC |  |  |
| 2021 USD Incremental Term Loan B, 8.18%, (1 Month Term SOFR + 3.75%), 05/04/28 (a) | 1974 | 1983 |
| Amentum Government Services Holdings LLC |  |  |
| 2024 Term Loan B, 6.58%, (1 Month Term SOFR + 2.25%), 07/31/31 (a) | 1060 | 1058 |
| Amspec Parent LLC |  |  |
| 2024 Delayed Draw Term Loan, 0.00%, (SOFR + 4.25%), 12/11/31 (a) (b) | 200 | 201 |
| 2025 Term Loan, 7.82%, (1 Month Term SOFR + 3.50%), 12/22/31 (a) | 1300 | 1305 |
| Archkey Solutions LLC |  |  |
| 2024 Delayed Draw Term Loan B, 0.00%, (SOFR + 4.75%), 10/10/31 (a) (b) | 103 | 104 |
| 2024 Term Loan B, 9.03%, (3 Month Term SOFR + 4.75%), 10/10/31 (a) | 894 | 900 |
| Artera Services, LLC |  |  |
| 2024 Term Loan, 8.80%, (3 Month Term SOFR + 4.50%), 02/07/31 (a) | 2472 | 2062 |
| Bingo Holdings I LLC |  |  |
| Term Loan, 0.00%, (SOFR + 4.75%), 12/31/49 (a) (b) | 1000 | 984 |
| Brock Holdings III, Inc. |  |  |
| 2024 Term Loan B, 10.30%, (3 Month Term SOFR + 6.00%), 05/01/30 (a) | 1489 | 1411 |
| Cast and Crew Payroll, LLC |  |  |
| 2021 Incremental Term Loan, 8.08%, (1 Month Term SOFR + 3.75%), 12/30/28 (a) | 1974 | 1864 |
| CohnReznick LLP |  |  |
| Term Loan, 8.30%, (3 Month Term SOFR + 4.00%), 03/31/32 (a) (c) | 1624 | 1616 |
| Delayed Draw Term Loan, 0.00%, (SOFR + 4.00%), 12/31/49 (a) (b) (c) | 376 | 374 |
| Cornerstone Building Brands, Inc. |  |  |
| 2024 Term Loan B, 8.81%, (1 Month Term SOFR + 4.50%), 05/05/31 (a) | 1657 | 1400 |
| Cornerstone Generation LLC |  |  |
| Term Loan, 0.00%, (SOFR + 3.25%), 10/15/31 (a) (b) | 2000 | 2009 |
| CPI Holdco B LLC |  |  |
| 2024 Incremental Term Loan B, 6.58%, (1 Month Term SOFR + 2.25%), 05/19/31 (a) | 2000 | 1998 |
| Crash Champions, LLC |  |  |
| 2024 Term Loan B, 9.08%, (3 Month Term SOFR + 4.75%), 02/23/29 (a) | 1485 | 1384 |
| Darktrace PLC |  |  |
| 2nd Lien Term Loan, 9.46%, (3 Month Term SOFR + 5.25%), 07/02/32 (a) | 1000 | 991 |
| Deerfield Dakota Holding, LLC |  |  |
| 2021 USD 2nd Lien Term Loan, 11.31%, (3 Month Term SOFR + 6.75%), 04/07/28 (a) | 1600 | 1524 |
| DS Parent Inc |  |  |
| Term Loan B, 9.80%, (3 Month Term SOFR + 5.50%), 12/13/30 (a) | 1980 | 1770 |
| Dynasty Acquisition Co., Inc. |  |  |
| 2024 1st Lien Term Loan B1, 6.33%, (1 Month Term SOFR + 2.00%), 10/24/31 (a) | 1333 | 1333 |
| 2024 1st Lien Term Loan B2, 6.33%, (1 Month Term SOFR + 2.00%), 10/24/31 (a) | 507 | 507 |
| Edelman Financial Center, LLC |  |  |
| 2024 2nd Lien Term Loan, 9.58%, (1 Month Term SOFR + 5.25%), 10/23/28 (a) | 1000 | 1001 |
| EMG Utica, LLC |  |  |
| 2025 Term Loan B, 8.30%, (3 Month Term SOFR + 4.00%), 10/24/29 (a) | 1995 | 2005 |
| Engineered Machinery Holdings, Inc. |  |  |
| 2021 USD 2nd Lien Term Loan, 10.56%, (3 Month Term SOFR + 6.00%), 05/21/29 (a) | 417 | 417 |
| 2021 USD 2nd Lien Incremental Term Loan, 11.06%, (3 Month Term SOFR + 6.50%), 05/21/29 (a) (c) | 2012 | 2017 |
| Fluid-Flow Products, Inc. |  |  |
| Second Lien Term Loan, 11.31%, (3 Month Term SOFR + 6.75%), 03/30/29 (a) (c) | 2100 | 2095 |
| Garda World Security Corporation |  |  |
| 2025 Term Loan B, 7.31%, (1 Month Term SOFR + 3.00%), 02/01/29 (a) | 987 | 988 |
| Gategroup Fin Luxembourg SA |  |  |
| Term Loan, 0.00%, (SOFR + 4.25%), 12/31/49 (a) (b) | 2000 | 2004 |
| Genuine Financial Holdings, LLC |  |  |
| 2025 Term Loan B, 7.58%, (1 Month Term SOFR + 3.25%), 09/27/30 (a) | 1980 | 1876 |
| Icebox Holdco III Inc |  |  |
| Term Loan, 0.00%, (3 Month USD LIBOR + 6.75%), 12/31/49 (a) (b) | 1000 | 999 |
| LSF12 Badger Bidco LLC |  |  |
| Term Loan B, 10.33%, (1 Month Term SOFR + 6.00%), 07/25/30 (a) | 1970 | 1911 |
| Maverick Bidco Inc |  |  |
| 2021 2nd Lien Term Loan, 11.18%, (3 Month Term SOFR + 6.75%), 05/18/29 (a) | 1000 | 976 |
| Max US Bidco Inc |  |  |
| Term Loan B, 9.33%, (1 Month Term SOFR + 5.00%), 10/02/30 (a) | 1995 | 1975 |
| Neptune Bidco US Inc |  |  |
| 2022 USD Term Loan B, 0.00%, (3 Month Term SOFR + 5.00%), 04/11/29 (a) (b) | 1368 | 1290 |
| 2022 USD Term Loan B, 9.33%, (3 Month Term SOFR + 5.00%), 04/11/29 (a) | 632 | 596 |
| PMHC II, Inc. |  |  |
| 2022 Term Loan B, 8.64%, (3 Month Term SOFR + 4.25%), 02/03/29 (a) | 1775 | 1546 |
| Radar Bidco Sarl |  |  |
| 2024 USD Term Loan, 8.03%, (3 Month Term SOFR + 3.50%), 04/04/31 (a) | 1667 | 1675 |
| Star Holding LLC |  |  |
| 2024 1st Lien Term Loan B, 8.83%, (1 Month Term SOFR + 4.50%), 07/18/31 (a) | 1985 | 1889 |
| Star Parent Inc. |  |  |
| Term Loan B, 8.30%, (3 Month Term SOFR + 4.00%), 09/19/30 (a) | 1561 | 1545 |
| Synechron Inc |  |  |
| Term Loan B, 8.03%, (3 Month Term SOFR + 3.75%), 09/25/31 (a) | 1995 | 1935 |
| TMC Buyer, Inc |  |  |
| 2024 Term Loan B, 9.03%, (3 Month Term SOFR + 4.75%), 10/27/30 (a) | 1829 | 1829 |
| 2024 Delayed Draw Term Loan, 0.00%, (SOFR + 5.00%), 11/01/30 (a) (b) | 167 | 167 |
| Trulite Holding Corp. |  |  |
| Term Loan, 10.29%, (3 Month Term SOFR + 6.00%), 02/15/31 (a) (c) | 1937 | 1870 |
| Veritiv Corporation |  |  |
| Term Loan B, 8.30%, (3 Month Term SOFR + 4.00%), 11/30/30 (a) | 1985 | 1990 |
| Worldwide Express Operations, LLC |  |  |
| 2024 Term Loan B, 8.30%, (3 Month Term SOFR + 4.00%), 07/26/28 (a) | 1985 | 1984 |
|  |  | 63358 |
| **Information Technology 5.2%** | **Information Technology 5.2%** | **Information Technology 5.2%** |
| Ascend Learning, LLC |  |  |
| 2025 Repriced Term Loan B, 0.00%, (1 Month Term SOFR + 3.00%), 12/11/28 (a) (b) | 500 | 500 |
| 2021 2nd Lien Term Loan, 10.18%, (1 Month Term SOFR + 5.75%), 11/18/29 (a) | 675 | 675 |
| Bending Spoons US Inc |  |  |
| Term Loan B, 9.56%, (1 Month Term SOFR + 5.25%), 02/19/31 (a) | 1975 | 1982 |
| Cloudera, Inc. |  |  |
| 2021 Second Lien Term Loan, 10.43%, (1 Month Term SOFR + 6.00%), 10/01/29 (a) | 2000 | 1806 |
| Confluence Technologies, Inc |  |  |
| 2025 Term Loan, 9.31%, (3 Month Term SOFR + 5.00%), 07/30/28 (a) | 611 | 609 |
| Ellucian Holdings, Inc. |  |  |
| 2024 2nd Lien Term Loan, 9.08%, (1 Month Term SOFR + 4.75%), 11/14/32 (a) | 2000 | 2040 |
| EP Purchaser, LLC |  |  |
| 2023 Term Loan B, 9.06%, (3 Month Term SOFR + 4.50%), 11/06/28 (a) | 1508 | 1482 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
June 30, 2025

---

| | | |
|:---|:---|:---|
| | **Shares/Par<sup>1</sup>** | **Value ($)** |
| Galaxy US Opco Inc. |  |  |
| Term Loan, 9.28%, (3 Month Term SOFR + 2.00%), 04/19/29 (a) | 2013 | 1864 |
| Instructure Holdings, Inc. |  |  |
| 2024 2nd Lien Term Loan, 9.21%, (6 Month Term SOFR + 5.00%), 09/10/32 (a) | 1500 | 1511 |
| Javelin Buyer, Inc. |  |  |
| 2024 2nd Lien Term Loan, 9.58%, (3 Month Term SOFR + 5.25%), 10/08/32 (a) | 2000 | 1975 |
| Kaseya Inc. |  |  |
| 2025 2nd Lien Term Loan B, 9.33%, (1 Month Term SOFR + 5.00%), 03/07/33 (a) | 1500 | 1500 |
| MH Sub I, LLC |  |  |
| 2021 2nd Lien Term Loan, 10.58%, (1 Month Term SOFR + 6.25%), 02/12/29 (a) | 2000 | 1748 |
| Peraton Corp. |  |  |
| 2nd Lien Term Loan B1, 12.18%, (3 Month Term SOFR + 7.75%), 02/01/29 (a) | 790 | 549 |
| Project Alpha Intermediate Holding, Inc. |  |  |
| 2025 2nd Lien Incremental Term Loan, 9.31%, (3 Month Term SOFR + 5.00%), 11/22/32 (a) | 2000 | 1985 |
| Rackspace Finance, LLC |  |  |
| 2024 First Lien First Out Term Loan, 10.68%, (1 Month Term SOFR + 6.25%), 05/15/28 (a) | 1415 | 1416 |
| RealPage, Inc |  |  |
| 2024 Incremental Term Loan, 8.05%, (3 Month Term SOFR + 3.75%), 04/24/28 (a) | 1496 | 1496 |
| Vision Solutions, Inc. |  |  |
| 2021 Incremental Term Loan, 8.54%, (3 Month Term SOFR + 4.00%), 04/24/28 (a) | 499 | 472 |
| 2021 2nd Lien Term Loan, 11.79%, (3 Month Term SOFR + 7.25%), 04/23/29 (a) | 1800 | 1658 |
| WatchGuard Technologies Inc. |  |  |
| Term Loan, 9.58%, (1 Month Term SOFR + 5.25%), 07/02/29 (a) | 1990 | 1970 |
| Zayo Group Holdings, Inc. |  |  |
| 2022 USD Incremental Term Loan B, 0.00%, (1 Month Term SOFR + 4.25%), 03/09/27 (a) (b) | 2000 | 1917 |
| | | 29155 |
| **Health Care 4.3%** | **Health Care 4.3%** | **Health Care 4.3%** |
| Auris Luxembourg III S.a.r.l. |  |  |
| 2024 Term Loan B4, 7.88%, (3 Month Term SOFR + 3.75%), 02/28/29 (a) | 1980 | 1981 |
| Aveanna Healthcare, LLC |  |  |
| 2021 Term Loan B, 8.18%, (3 Month Term SOFR + 3.75%), 07/17/28 (a) | 497 | 486 |
| 2021 2nd Lien Term Loan, 11.48%, (3 Month Term SOFR + 7.00%), 12/08/29 (a) | 1900 | 1854 |
| Bausch & Lomb Corporation |  |  |
| 2023 Incremental Term Loan, 8.33%, (1 Month Term SOFR + 4.00%), 09/14/28 (a) | 1965 | 1963 |
| Term Loan, 0.00%, (SOFR + 4.25%), 12/17/30 (a) (b) | 2000 | 2001 |
| Bausch Health Companies Inc. |  |  |
| 2025 Term Loan B, 10.56%, (1 Month Term SOFR + 6.25%), 09/25/30 (a) | 2000 | 1925 |
| Heartland Dental, LLC |  |  |
| 2024 Term Loan, 8.83%, (1 Month Term SOFR + 4.50%), 04/28/28 (a) | 1995 | 1995 |
| Help At Home, Inc. |  |  |
| 2024 Term Loan B, 9.33%, (1 Month Term SOFR + 5.00%), 09/20/31 (a) | 1968 | 1906 |
| National Mentor Holdings, Inc. |  |  |
| 2021 2nd Lien Term Loan, 11.65%, (3 Month Term SOFR + 7.25%), 03/02/29 (a) | 2000 | 1888 |
| Raven Acquisition Holdings LLC |  |  |
| Term Loan B, 7.58%, (1 Month Term SOFR + 3.25%), 10/25/31 (a) | 1862 | 1860 |
| Summit Behavioral Healthcare LLC |  |  |
| 2024 Term Loan B, 8.55%, (3 Month Term SOFR + 4.25%), 11/24/28 (a) | 1975 | 1481 |
| Team Health Holdings, Inc. |  |  |
| 2022 Term Loan B, 9.53%, (3 Month Term SOFR + 5.25%), 03/02/27 (a) (d) | 2481 | 2465 |
| Team Services Group |  |  |
| 2024 Term Loan B, 9.53%, (3 Month Term SOFR + 5.25%), 12/20/27 (a) | 998 | 992 |
| Term Loan, 9.54%, (3 Month Term SOFR + 5.00%), 12/20/27 (a) | 496 | 492 |
| Second Lien Term Loan, 13.54%, (3 Month Term SOFR + 9.00%), 12/18/28 (a) (c) | 1000 | 995 |
|  |  | 24284 |
| **Communication Services 2.6%** | **Communication Services 2.6%** | **Communication Services 2.6%** |
| 888 Acquisitions Limited |  |  |
| USD Term Loan B, 9.63%, (3 Month Term SOFR + 5.25%), 07/01/28 (a) | 1962 | 1875 |
| CommScope, Inc. |  |  |
| 2024 Term Loan, 9.58%, (1 Month Term SOFR + 5.25%), 12/15/29 (a) | 1869 | 1889 |
| CSC Holdings, LLC |  |  |
| 2022 Term Loan B6, 8.81%, (1 Month Term SOFR + 4.50%), 01/17/28 (a) | 2494 | 2456 |
| Great Outdoors Group, LLC |  |  |
| 2025 Term Loan B, 7.58%, (1 Month Term SOFR + 3.25%), 01/20/32 (a) | 1990 | 1984 |
| Level 3 Financing Inc. |  |  |
| 2025 Term Loan B, 8.58%, (1 Month Term SOFR + 4.25%), 03/20/32 (a) | 1500 | 1515 |
| Lumen Technologies, Inc. |  |  |
| 2024 Term Loan A, 10.33%, (1 Month Term SOFR + 6.00%), 06/01/28 (a) | 1480 | 1516 |
| Showtime Acquisition, L.L.C |  |  |
| 2024 1st Lien Term Loan, 9.07%, (3 Month Term SOFR + 4.75%), 08/13/31 (a) | 997 | 1005 |
| Windstream Services, LLC |  |  |
| 2024 Term Loan B, 9.18%, (1 Month Term SOFR + 4.75%), 09/26/31 (a) | 2000 | 2008 |
|  |  | 14248 |
| **Materials 2.0%** | **Materials 2.0%** | **Materials 2.0%** |
| IRIS Holdings Inc. |  |  |
| Term Loan, 9.13%, (3 Month Term SOFR + 4.75%), 06/15/28 (a) | 1986 | 1929 |
| Mauser Packaging Solutions Holding Company |  |  |
| 2024 Term Loan B, 7.22%, (SOFR + 3.50%), 04/15/27 (a) | 5 | 5 |
| 2024 Term Loan B, 7.32%, (1 Month Term SOFR + 3.00%), 04/15/27 (a) | 1965 | 1964 |
| Natgasoline LLC |  |  |
| 2025 Term Loan B, 9.80%, (Prime + 5.50%), 03/25/30 (a) | 1491 | 1478 |
| SupplyOne, Inc |  |  |
| 2024 Term Loan B, 8.08%, (1 Month Term SOFR + 3.50%), 03/27/31 (a) | 1975 | 1980 |
| Trident TPI Holdings, Inc. |  |  |
| 2024 Term Loan B7, 8.05%, (3 Month Term SOFR + 3.75%), 09/15/28 (a) | 1975 | 1938 |
| Vector WP Holdco, Inc |  |  |
| Term Loan B, 9.44%, (1 Month Term SOFR + 5.00%), 10/12/28 (a) | 1995 | 1976 |
|  |  | 11270 |
| **Consumer Discretionary 2.0%** | **Consumer Discretionary 2.0%** | **Consumer Discretionary 2.0%** |
| Catawba Nation Gaming Authority |  |  |
| Term Loan B, 9.05%, (3 Month Term SOFR + 4.75%), 12/13/31 (a) | 2000 | 2021 |
| Champ Acquisition Corporation |  |  |
| 2024 Term Loan B, 8.80%, (3 Month Term SOFR + 4.50%), 11/08/31 (a) | 1644 | 1652 |
| Foundation Building Materials Holding Company LLC |  |  |
| 2025 Term Loan, 9.55%, (3 Month Term SOFR + 5.25%), 01/29/31 (a) | 2000 | 1969 |
| Jack Ohio Finance LLC |  |  |
| 2025 Term Loan B, 8.33%, (1 Month Term SOFR + 4.00%), 01/28/32 (a) | 1995 | 1978 |
| LIDS Holdings, Inc. |  |  |
| Term Loan, 9.96%, (3 Month Term SOFR + 5.50%), 12/03/26 (a) (c) | 131 | 129 |
| S&S Holdings LLC |  |  |
| Term Loan, 9.42%, (1 Month Term SOFR + 5.00%), 03/11/28 (a) | 1969 | 1926 |
| Tailored Brands Inc |  |  |
| Term Loan, 10.76%, (3 Month Term SOFR + 6.50%), 02/16/29 (a) | 1327 | 1317 |
|  |  | 10992 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
June 30, 2025

---

| | | |
|:---|:---|:---|
| | **Shares/Par<sup>1</sup>** | **Value ($)** |
| **Utilities 1.6%** | **Utilities 1.6%** | **Utilities 1.6%** |
| BANGL, LLC |  |  |
| Term Loan B, 8.79%, (3 Month Term SOFR + 4.50%), 02/01/29 (a) | 1975 | 1980 |
| Eastern Power, LLC |  |  |
| Term Loan B, 9.58%, (1 Month Term SOFR + 5.25%), 10/02/25 (a) | 1968 | 1969 |
| Edgewater Generation, L.L.C. |  |  |
| 2025 Repriced Term Loan, 7.33%, (1 Month Term SOFR + 3.00%), 08/01/30 (a) | 1933 | 1939 |
| Lightstone Holdco LLC |  |  |
| 2022 Extended Term Loan B, 10.03%, (3 Month Term SOFR + 5.75%), 02/01/27 (a) | 1854 | 1852 |
| 2022 Extended Term Loan C, 10.03%, (3 Month Term SOFR + 5.75%), 02/01/27 (a) | 105 | 105 |
| New Fortress Energy Inc |  |  |
| 2025 Incremental Term Loan B, 9.81%, (3 Month Term SOFR + 5.50%), 10/30/28 (a) | 1985 | 1067 |
|  |  | 8912 |
| **Energy 1.3%** | **Energy 1.3%** | **Energy 1.3%** |
| NGL Energy Partners LP |  |  |
| 2024 Term Loan B, 8.07%, (1 Month Term SOFR + 3.75%), 01/25/31 (a) | 1975 | 1957 |
| Prairie ECI Acquiror LP |  |  |
| 2024 Term Loan B, 8.58%, (1 Month Term SOFR + 4.25%), 08/01/29 (a) | 1975 | 1986 |
| Waterbridge Midstream Operating LLC |  |  |
| 2024 Term Loan B, 8.30%, (3 Month Term SOFR + 4.00%), 05/07/29 (a) | 1985 | 1977 |
| 2024 1st Lien Term Loan B, 9.31%, (3 Month Term SOFR + 4.75%), 06/22/29 (a) | 1492 | 1483 |
|  |  | 7403 |
| **Financials 1.3%** | **Financials 1.3%** | **Financials 1.3%** |
| Albion Financing 3 SARL |  |  |
| 2025 USD Term Loan B, 7.32%, (3 Month Term SOFR + 3.00%), 08/16/29 (a) | 1980 | 1981 |
| Aretec Group, Inc. |  |  |
| 2024 1st Lien Term Loan B, 7.83%, (1 Month Term SOFR + 3.50%), 08/09/30 (a) | 985 | 986 |
| NEXUS Buyer LLC |  |  |
| 2021 Second Lien Term Loan, 10.68%, (1 Month Term SOFR + 6.25%), 10/29/29 (a) | 2000 | 1982 |
| Osttra Group Ltd |  |  |
| Term Loan, 0.00%, (SOFR + 5.50%), 12/31/49 (a) (b) | 2000 | 2003 |
|  |  | 6952 |
| **Consumer Staples 0.3%** | **Consumer Staples 0.3%** | **Consumer Staples 0.3%** |
| Northeast Grocery, Inc. |  |  |
| Term Loan B, 11.82%, (3 Month Term SOFR + 7.50%), 12/05/28 (a) | 1850 | 1850 |
| **Real Estate 0.2%** | **Real Estate 0.2%** | **Real Estate 0.2%** |
| Brand Industrial Services Inc |  |  |
| 2024 Term Loan B, 8.78%, (3 Month Term SOFR + 4.50%), 08/01/30 (a) | 1118 | 931 |
| Total Senior Floating Rate Instruments (cost $181,752) | Total Senior Floating Rate Instruments (cost $181,752) | 179355 |
| **CORPORATE BONDS AND NOTES 24.7%** | **CORPORATE BONDS AND NOTES 24.7%** | **CORPORATE BONDS AND NOTES 24.7%** |
| **Consumer Discretionary 4.2%** | **Consumer Discretionary 4.2%** | **Consumer Discretionary 4.2%** |
| 888 Acquisitions Limited |  |  |
| 7.56%, 07/15/27, EUR (e) | 150 | 178 |
| Accor |  |  |
| 7.25%, (100, 01/11/29), EUR (f) (g) | 200 | 260 |
| Allwyn Entertainment Financing (UK) PLC |  |  |
| 7.25%, 04/30/30, EUR (g) | 224 | 280 |
| Aramark International Finance S.a r.l. |  |  |
| 4.38%, 04/15/33, EUR (g) | 150 | 174 |
| Avianca MidCo 2 PLC |  |  |
| 9.63%, 02/14/30 (e) | 254 | 234 |
| Azelis Finance |  |  |
| 4.75%, 09/25/29, EUR (g) | 200 | 242 |
| B&M European Value Retail S.A. |  |  |
| 6.50%, 11/27/31, GBP (g) | 150 | 207 |
| Beazer Homes USA, Inc. |  |  |
| 7.50%, 03/15/31 (e) | 545 | 553 |
| Bertrand Franchise Finance |  |  |
| 5.99%, (3 Month EURIBOR + 3.75%), 07/18/30, EUR (a) (g) | 200 | 231 |
| Bubbles BidCo S.p.A. |  |  |
| 6.50%, 09/30/31, EUR (g) | 250 | 298 |
| Caesars Entertainment, Inc. |  |  |
| 4.63%, 10/15/29 (e) | 70 | 67 |
| Carnival Corporation |  |  |
| 6.00%, 05/01/29 (e) | 315 | 318 |
| 6.13%, 02/15/33 (e) | 410 | 419 |
| CD&R Firefly Bidco PLC |  |  |
| 8.63%, 04/30/29, GBP (g) | 100 | 141 |
| CDI Escrow Issuer, Inc. |  |  |
| 5.75%, 04/01/30 (e) | 540 | 542 |
| Ceconomy AG |  |  |
| 6.25%, 07/15/29, EUR (g) | 330 | 405 |
| Churchill Downs Incorporated |  |  |
| 6.75%, 05/01/31 (e) | 115 | 118 |
| Cirsa Finance International S.a r.l. |  |  |
| 10.38%, 11/30/27, EUR (g) | 270 | 334 |
| Cougar JV Subsidiary, LLC |  |  |
| 8.00%, 05/15/32 (e) | 720 | 768 |
| CPUK Mortgage Finance Limited |  |  |
| 6.50%, 08/28/50, GBP (g) | 200 | 274 |
| CT Investment GmbH |  |  |
| 6.38%, 04/15/30, EUR (g) | 200 | 243 |
| Dana Financing Luxembourg S.a r.l. |  |  |
| 8.50%, 07/15/31, EUR (g) | 100 | 128 |
| Deuce Finco PLC |  |  |
| 5.50%, 06/15/27, GBP (g) | 150 | 204 |
| Elior Group |  |  |
| 5.63%, 03/15/30, EUR (g) | 200 | 240 |
| Eroski Sociedad Cooperativa |  |  |
| 10.63%, 04/30/29, EUR (g) | 300 | 379 |
| Flos B&b Italia S.P.A. |  |  |
| 5.85%, (3 Month EURIBOR + 3.88%), 12/15/29, EUR (a) (g) | 174 | 197 |
| Flutter Treasury Designated Activity Company |  |  |
| 5.00%, 04/29/29, EUR (g) | 150 | 183 |
| FNAC Darty |  |  |
| 6.00%, 04/01/29, EUR (g) | 100 | 123 |
| Food Service Project SL |  |  |
| 5.50%, 01/21/27, EUR (g) | 163 | 192 |
| Fortune Star (BVI) Limited |  |  |
| 5.00%, 05/18/26 (g) | 200 | 196 |
| 5.05%, 01/27/27 (g) | 330 | 317 |
| Forvia |  |  |
| 5.50%, 06/15/31, EUR (g) | 250 | 290 |
| Fressnapf Holding SE |  |  |
| 5.25%, 10/31/31, EUR (g) | 250 | 297 |
| Gol Finance LLP |  |  |
| 14.38%, 06/05/30 (e) | 175 | 168 |
| Grupo Antolin-Irausa SA |  |  |
| 10.38%, 01/30/30, EUR (g) | 100 | 82 |
| IHO Verwaltungs GmbH |  |  |
| 8.75%, 05/15/28, EUR (d) (g) | 250 | 308 |
| IHOL-Verwaltungs-GmbH |  |  |
| 7.75%, 11/15/30 (d) (e) | 325 | 333 |
| Jaguar Land Rover Automotive PLC |  |  |
| 4.50%, 07/15/28, EUR (g) | 200 | 238 |
| LGI Homes, Inc. |  |  |
| 7.00%, 11/15/32 (e) | 970 | 923 |
| Light & Wonder, Inc. |  |  |
| 6.63%, 03/01/30 (e) | 450 | 433 |
| Lindblad Expeditions, LLC |  |  |
| 9.00%, 05/15/28 (e) | 350 | 366 |
| Maison Finco PLC |  |  |
| 6.00%, 10/31/27, GBP (g) | 200 | 271 |
| Manuchar |  |  |
| 7.25%, 06/30/27, EUR (g) | 200 | 239 |
| MCE Finance Limited |  |  |
| 5.75%, 07/21/28 (g) | 380 | 372 |
| Midwest Gaming Borrower, LLC |  |  |
| 4.88%, 05/01/29 (e) | 720 | 693 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
June 30, 2025

---

| | | |
|:---|:---|:---|
| | **Shares/Par<sup>1</sup>** | **Value ($)** |
| Miller Homes Group (Finco) PLC |  |  |
| 7.00%, 05/15/29, GBP (g) | 324 | 445 |
| Motel One GmbH |  |  |
| 7.75%, 04/02/31, EUR (g) | 100 | 126 |
| Motion Finco S.a r.l. |  |  |
| 7.38%, 06/15/30, EUR (g) | 149 | 164 |
| NCL Corporation Ltd. |  |  |
| 6.75%, 02/01/32 (e) | 225 | 230 |
| PENN Entertainment, Inc. |  |  |
| 4.13%, 07/01/29 (e) | 70 | 65 |
| Peu (Fin) PLC |  |  |
| 7.25%, 07/01/28, EUR (g) | 250 | 305 |
| Pinewood Finco PLC |  |  |
| 6.00%, 03/27/30, GBP (g) | 145 | 196 |
| Pinnacle Bidco PLC |  |  |
| 10.00%, 10/11/28, GBP (g) | 200 | 290 |
| Playtech PLC |  |  |
| 5.88%, 06/28/28, EUR (g) | 260 | 314 |
| Prosus N.V. |  |  |
| 3.83%, 02/08/51 (g) | 390 | 250 |
| Rakuten Group, Inc. |  |  |
| 4.25%, (100, 04/22/27), EUR (f) (g) | 200 | 221 |
| Resideo Funding Inc. |  |  |
| 6.50%, 07/15/32 (e) | 580 | 595 |
| Schaeffler AG |  |  |
| 4.50%, 03/28/30, EUR (g) | 500 | 588 |
| Six Flags Operations Inc. |  |  |
| 7.25%, 05/15/31 (e) | 900 | 925 |
| 6.63%, 05/01/32 (e) | 70 | 72 |
| TAP–Transportes Aereos Portugueses, SGPS, S.A. |  |  |
| 5.13%, 11/15/29, EUR (g) | 200 | 236 |
| TVL Finance PLC |  |  |
| 10.25%, 04/28/28, GBP (g) | 150 | 205 |
| United Parks And Resorts Inc. |  |  |
| 5.25%, 08/15/29 (e) | 940 | 919 |
| V.F. Corporation |  |  |
| 4.25%, 03/07/29, EUR | 350 | 393 |
| Valeo |  |  |
| 4.50%, 04/11/30, EUR (g) | 400 | 468 |
| Verde Purchaser, LLC |  |  |
| 10.50%, 11/30/30 (e) | 630 | 682 |
| Viking Cruises Limited |  |  |
| 7.00%, 02/15/29 (e) | 70 | 71 |
| Viking Ocean Cruises Ship VII Ltd |  |  |
| 5.63%, 02/15/29 (e) | 580 | 579 |
| Waga Bondco Limited |  |  |
| 8.50%, 06/15/30, GBP (g) | 114 | 153 |
| Windsor Holdings III, LLC |  |  |
| 8.50%, 06/15/30 (e) | 580 | 622 |
| ZF Friedrichshafen AG |  |  |
| 2.25%, 05/03/28, EUR (g) | 200 | 213 |
| 3.75%, 09/21/28, EUR (g) | 100 | 109 |
| 6.13%, 03/13/29, EUR (g) | 200 | 231 |
| 3.00%, 10/23/29, EUR (g) | 100 | 102 |
| ZF North America Capital, Inc. |  |  |
| 6.88%, 04/23/32 (e) | 370 | 342 |
| | | 23569 |
| **Financials 4.0%** | **Financials 4.0%** | **Financials 4.0%** |
| ABN AMRO Bank N.V. |  |  |
| 6.38%, (100, 09/22/34), EUR (f) (g) | 400 | 486 |
| 6.88%, (100, 09/22/31), EUR (f) (g) | 400 | 505 |
| Acrisure, LLC |  |  |
| 8.50%, 06/15/29 (e) | 295 | 308 |
| 7.50%, 11/06/30 (e) | 350 | 361 |
| 6.75%, 07/01/32 (e) | 30 | 30 |
| Alliant Holdings Intermediate, LLC |  |  |
| 6.75%, 10/15/27 - 04/15/28 (e) | 1445 | 1452 |
| 7.00%, 01/15/31 (e) | 70 | 72 |
| 7.38%, 10/01/32 (e) | 20 | 21 |
| Axis Bank Limited |  |  |
| 4.10%, (100, 09/08/26) (f) (g) | 300 | 291 |
| Banco Bilbao Vizcaya Argentaria, S.A. |  |  |
| 6.88%, (100, 12/13/30), EUR (f) (g) | 400 | 499 |
| 7.75%, (100, 01/14/32) (f) (h) | 515 | 522 |
| Banco Davivienda S A |  |  |
| 6.65%, (100, 04/22/31) (f) (g) | 300 | 267 |
| Banco Mercantil Del Norte S.A |  |  |
| 6.63%, (100, 01/24/32) (f) (g) | 215 | 199 |
| Banco Santander, S.A. |  |  |
| 3.63%, (100, 03/21/29), EUR (f) (g) (h) | 600 | 651 |
| Bank of America Corporation |  |  |
| 6.63%, (100, 05/01/30) (f) | 780 | 813 |
| Banque Ouest Africaine De Developpement |  |  |
| 4.70%, 10/22/31 (g) | 240 | 219 |
| BBVA Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero BBVA Mexico |  |  |
| 7.63%, 02/11/35 (e) | 359 | 368 |
| BCI Miami |  |  |
| 8.75%, (100, 02/08/29) (e) (f) | 305 | 322 |
| Benteler International Aktiengesellschaft |  |  |
| 9.38%, 05/15/28, EUR (g) | 100 | 123 |
| Blackstone Mortgage Trust, Inc. |  |  |
| 7.75%, 12/01/29 (e) | 380 | 404 |
| Block, Inc. |  |  |
| 6.50%, 05/15/32 | 345 | 356 |
| BroadStreet Partners, Inc. |  |  |
| 5.88%, 04/15/29 (e) | 650 | 642 |
| CaixaBank, S.A. |  |  |
| 7.50%, (100, 01/16/30), EUR (f) (g) | 200 | 258 |
| COMMERZBANK Aktiengesellschaft |  |  |
| 7.88%, (100, 07/02/29), EUR (f) (g) | 400 | 523 |
| Coventry Building Society |  |  |
| 8.75%, (100, 06/11/29), GBP (f) (g) | 300 | 430 |
| Deutsche Bank Aktiengesellschaft |  |  |
| 8.13%, (100, 10/30/29), EUR (f) (g) | 200 | 251 |
| Erste Group Bank AG |  |  |
| 7.00%, (100, 04/15/31), EUR (f) (g) | 400 | 498 |
| Freedom Mortgage Corporation |  |  |
| 6.63%, 01/15/27 (e) | 330 | 331 |
| FWD ProInsure Limited |  |  |
| 8.05%, (100, 12/15/25) (f) (g) | 200 | 201 |
| Hanwha Life Insurance Co., Ltd. |  |  |
| 6.30%, 06/24/55 (e) | 300 | 308 |
| HUB International Limited |  |  |
| 7.25%, 06/15/30 (e) | 1130 | 1181 |
| ING Groep N.V. |  |  |
| 4.25%, (100, 05/16/31) (f) (h) | 615 | 513 |
| Intesa Sanpaolo SPA |  |  |
| 7.00%, (100, 05/20/32), EUR (f) (g) | 400 | 504 |
| Jane Street Group, LLC |  |  |
| 7.13%, 04/30/31 (e) | 70 | 74 |
| 6.75%, 05/01/33 (e) | 725 | 747 |
| Landesbank Baden-Wurttemberg |  |  |
| 6.75%, (100, 10/15/30), EUR (f) (g) | 200 | 237 |
| Nationwide Building Society |  |  |
| 7.50%, (100, 12/20/30), GBP (f) (g) | 300 | 415 |
| OneMain Finance Corporation |  |  |
| 6.63%, 05/15/29 | 320 | 329 |
| 6.75%, 03/15/32 | 220 | 224 |
| 7.13%, 09/15/32 | 165 | 171 |
| Panther Escrow Issuer LLC |  |  |
| 7.13%, 06/01/31 (e) | 440 | 457 |
| PennyMac Financial Services, Inc. |  |  |
| 6.88%, 05/15/32 - 02/15/33 (e) | 800 | 820 |
| Progroup AG |  |  |
| 5.38%, 04/15/31, EUR (g) | 300 | 350 |
| Provident Funding Mortgage Loan Trust 2005-1 |  |  |
| 9.75%, 09/15/29 (e) | 265 | 279 |
| Rocket Companies, Inc. |  |  |
| 6.13%, 08/01/30 (e) | 175 | 178 |
| 6.38%, 08/01/33 (e) | 235 | 241 |
| Shift4 Payments, LLC |  |  |
| 6.75%, 08/15/32 (e) | 205 | 213 |
| Starwood Property Trust, Inc. |  |  |
| 7.25%, 04/01/29 (e) | 565 | 595 |
| 6.50%, 07/01/30 (e) | 225 | 232 |
| The PNC Financial Services Group, Inc. |  |  |
| 3.40%, (100, 09/15/26) (f) | 805 | 777 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
June 30, 2025

---

| | | |
|:---|:---|:---|
| | **Shares/Par<sup>1</sup>** | **Value ($)** |
| Turkiye Vakiflar Bankasi T.A.O. |  |  |
| 9.00%, 10/12/28 (g) | 340 | 360 |
| UBS Group AG |  |  |
| 7.00%, (100, 02/10/30) (e) (f) (h) | 770 | 765 |
| 9.25%, (100, 11/13/33) (e) (f) (h) | 440 | 509 |
| Unicredit, Societa' Per Azioni In Forma Abbreviata Unicredit S.P.A. |  |  |
| 3.88%, (100, 06/03/27), EUR (f) (g) (h) | 200 | 231 |
| 6.50%, (100, 12/03/31), EUR (f) (g) | 300 | 371 |
| | | 22484 |
| **Industrials 3.3%** | **Industrials 3.3%** | **Industrials 3.3%** |
| AAR Escrow Issuer, LLC |  |  |
| 6.75%, 03/15/29 (e) | 70 | 73 |
| Abertis Infraestructuras Finance B.V. |  |  |
| 4.87%, (100, 11/28/29), EUR (f) (g) | 400 | 481 |
| Air France - KLM |  |  |
| 4.63%, 05/23/29, EUR (g) | 200 | 243 |
| Ambipar Lux S.a r.l. |  |  |
| 9.88%, 02/06/31 (g) | 250 | 234 |
| American Airlines, Inc. |  |  |
| 5.75%, 04/20/29 (e) | 460 | 461 |
| Amsted Industries Incorporated |  |  |
| 6.38%, 03/15/33 (e) | 370 | 376 |
| Arcosa, Inc. |  |  |
| 6.88%, 08/15/32 (e) | 460 | 477 |
| Assemblin Caverion Group AB |  |  |
| 6.25%, 07/01/30, EUR (g) | 250 | 303 |
| Ats Consolidated, Inc. |  |  |
| 5.50%, 04/15/29 (e) | 130 | 128 |
| Bombardier Inc. |  |  |
| 7.25%, 07/01/31 (e) | 575 | 603 |
| Builders FirstSource, Inc. |  |  |
| 6.75%, 05/15/35 (e) | 730 | 752 |
| Caci International Inc. |  |  |
| 6.38%, 06/15/33 (e) | 165 | 170 |
| Calderys Financing, LLC |  |  |
| 11.25%, 06/01/28 (e) | 180 | 191 |
| 11.75%, 06/01/28 (d) (e) | 265 | 274 |
| Castello (BC) Bidco S.p.A. |  |  |
| 6.84%, (3 Month EURIBOR + 4.50%), 11/14/31, EUR (a) (g) | 136 | 161 |
| Corporation De Securite Garda World |  |  |
| 8.25%, 08/01/32 (e) | 655 | 673 |
| CTEC II GmbH |  |  |
| 5.25%, 02/15/30, EUR (g) | 200 | 200 |
| Deutsche Lufthansa Aktiengesellschaft |  |  |
| 5.25%, 01/15/55, EUR (g) | 200 | 234 |
| Edge Finco PLC |  |  |
| 8.13%, 08/15/31, GBP (g) | 200 | 285 |
| Energizer Gamma Acquisition B.V. |  |  |
| 3.50%, 06/30/29, EUR (g) | 100 | 112 |
| Fedrigoni S.P.A. |  |  |
| 6.13%, 06/15/31, EUR (g) | 350 | 394 |
| Goat Holdco LLC |  |  |
| 6.75%, 02/01/32 (e) | 620 | 631 |
| Herc Holdings Inc. |  |  |
| 7.00%, 06/15/30 (e) | 457 | 478 |
| 7.25%, 06/15/33 (e) | 305 | 320 |
| Hillenbrand, Inc. |  |  |
| 3.75%, 03/01/31 | 750 | 672 |
| HT Troplast GmbH |  |  |
| 9.38%, 07/15/28, EUR (g) | 100 | 124 |
| JELD-WEN Holding, Inc. |  |  |
| 7.00%, 09/01/32 (e) | 470 | 368 |
| Kier Group PLC |  |  |
| 9.00%, 02/15/29, GBP (g) | 100 | 145 |
| LATAM Airlines Group S.A. |  |  |
| 7.88%, 04/15/30 (e) | 50 | 51 |
| Lightning Power LLC |  |  |
| 7.25%, 08/15/32 (e) | 1128 | 1187 |
| Madison IAQ LLC |  |  |
| 5.88%, 06/30/29 (e) | 555 | 545 |
| Mauser Packaging Solutions Holding Company |  |  |
| 7.88%, 04/15/27 (e) | 450 | 458 |
| 9.25%, 04/15/27 (e) | 695 | 690 |
| MIWD Holdco II LLC |  |  |
| 5.50%, 02/01/30 (e) | 420 | 400 |
| Nexans |  |  |
| 4.25%, 03/11/30, EUR (g) | 200 | 243 |
| PCF GmbH |  |  |
| 4.75%, 04/15/29, EUR (g) | 150 | 146 |
| Queen Mergerco, Inc. |  |  |
| 6.75%, 04/30/32 (e) | 375 | 387 |
| Quikrete Holdings, Inc. |  |  |
| 6.38%, 03/01/32 (e) | 465 | 478 |
| 6.75%, 03/01/33 (e) | 290 | 299 |
| SPX Flow, Inc. |  |  |
| 8.75%, 04/01/30 (e) | 690 | 716 |
| Standard Building Solutions Inc. |  |  |
| 4.38%, 07/15/30 (e) | 70 | 66 |
| 3.38%, 01/15/31 (e) | 375 | 337 |
| Terex Corporation |  |  |
| 6.25%, 10/15/32 (e) | 820 | 822 |
| TK Elevator Holdco GmbH |  |  |
| 6.63%, 07/15/28, EUR (g) | 270 | 318 |
| TransDigm Inc. |  |  |
| 6.63%, 03/01/32 (e) | 295 | 306 |
| Trident TPI Holdings, Inc. |  |  |
| 12.75%, 12/31/28 (e) | 390 | 415 |
| Trivium Packaging Finance B.V. |  |  |
| 8.25%, 07/15/30 (e) | 100 | 106 |
| 12.25%, 01/15/31 (e) | 95 | 102 |
| Vertical Midco GmbH |  |  |
| 4.38%, 07/15/27, EUR (g) | 160 | 188 |
| XPO, Inc. |  |  |
| 7.13%, 02/01/32 (e) | 720 | 754 |
|  |  | 18577 |
| **Communication Services 2.4%** | **Communication Services 2.4%** | **Communication Services 2.4%** |
| Altice France |  |  |
| 4.13%, 01/15/29, EUR (g) | 300 | 296 |
| Bell Canada inc. |  |  |
| 6.88%, 09/15/55 | 525 | 538 |
| 7.00%, 09/15/55 | 680 | 691 |
| British Telecommunications Public Limited Company |  |  |
| 8.38%, 12/20/83, GBP (g) | 260 | 383 |
| CAS Capital No. 1 Limited |  |  |
| 4.00%, (100, 07/12/26) (f) (g) | 200 | 195 |
| CCO Holdings, LLC |  |  |
| 5.38%, 06/01/29 (e) | 870 | 867 |
| 6.38%, 09/01/29 (e) | 245 | 250 |
| 4.50%, 05/01/32 | 215 | 200 |
| Clear Channel Outdoor Holdings, Inc. |  |  |
| 9.00%, 09/15/28 (e) | 460 | 482 |
| CommScope, LLC. |  |  |
| 9.50%, 12/15/31 (e) | 375 | 392 |
| CSC Holdings, LLC |  |  |
| 11.75%, 01/31/29 (e) | 530 | 502 |
| Engineering S.R.L. |  |  |
| 11.13%, 05/15/28, EUR (g) | 100 | 124 |
| Eutelsat SA |  |  |
| 2.25%, 07/13/27, EUR (g) | 200 | 229 |
| IHS Holding Limited |  |  |
| 8.25%, 11/29/31 (g) | 200 | 202 |
| Iliad Holding |  |  |
| 6.88%, 04/15/31, EUR (g) | 400 | 502 |
| Koninklijke KPN N.V. |  |  |
| 6.00%, (100, 09/21/27), EUR (f) (g) | 100 | 125 |
| Level 3 Financing, Inc. |  |  |
| 4.88%, 06/15/29 (e) | 280 | 262 |
| 11.00%, 11/15/29 (e) | 304 | 350 |
| Lorca Telecom Bondco SA. |  |  |
| 4.00%, 09/18/27, EUR (g) | 400 | 471 |
| McGraw-Hill Education, Inc. |  |  |
| 7.38%, 09/01/31 (e) | 340 | 355 |
| Midcontinent Communications |  |  |
| 8.00%, 08/15/32 (e) | 265 | 281 |
| Odido Group Holding B.V. |  |  |
| 5.50%, 01/15/30, EUR (g) | 133 | 156 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
June 30, 2025

---

| | | |
|:---|:---|:---|
| | **Shares/Par<sup>1</sup>** | **Value ($)** |
| Optics BidCo S.p.A. |  |  |
| 6.88%, 02/15/28, EUR (g) | 200 | 251 |
| 7.88%, 07/31/28, EUR | 160 | 207 |
| Proximus |  |  |
| 4.75%, (100, 07/02/31), EUR (f) (g) | 200 | 235 |
| Rogers Communications Inc. |  |  |
| 7.00%, 04/15/55 | 505 | 517 |
| 7.13%, 04/15/55 | 475 | 480 |
| Telecom Argentina SA |  |  |
| 9.50%, 07/18/31 (e) | 200 | 208 |
| Telecom Italia S.p.A. |  |  |
| 7.88%, 07/31/28, EUR (g) | 200 | 264 |
| Telefonica Europe B.V. |  |  |
| 5.75%, (100, 01/15/32), EUR (f) (g) | 200 | 244 |
| 6.14%, (100, 02/03/30), EUR (f) (g) | 100 | 126 |
| 6.75%, (100, 06/07/31), EUR (f) (g) | 200 | 259 |
| United Group B.V. |  |  |
| 5.25%, 02/01/30, EUR (g) | 200 | 235 |
| 6.75%, 02/15/31, EUR (g) | 150 | 181 |
| Virgin Media Vendor Financing Notes III Designated Activity Company |  |  |
| 4.88%, 07/15/28, GBP (g) | 350 | 457 |
| VMED O2 UK Financing I PLC |  |  |
| 5.63%, 04/15/32, EUR (g) | 100 | 121 |
| Vodafone Group Public Limited Company |  |  |
| 3.00%, 08/27/80, EUR (g) | 303 | 338 |
| VTR Finance N.V. |  |  |
| 6.38%, 07/15/28 (g) | 400 | 383 |
| Windstream Services, LLC |  |  |
| 8.25%, 10/01/31 (e) | 355 | 372 |
| Zayo Group Holdings, Inc. |  |  |
| 4.00%, 03/01/27 (e) | 605 | 567 |
| Zegona Finance PLC |  |  |
| 6.75%, 07/15/29, EUR (g) | 100 | 125 |
| Ziggo B.V. |  |  |
| 2.88%, 01/15/30, EUR (g) | 100 | 110 |
| Ziggo Bond Company B.V. |  |  |
| 3.38%, 02/28/30, EUR (g) | 100 | 102 |
| | | 13635 |
| **Energy 2.2%** | **Energy 2.2%** | **Energy 2.2%** |
| Archrock Partners, L.P. |  |  |
| 6.63%, 09/01/32 (e) | 280 | 285 |
| Aris Water Holdings, LLC |  |  |
| 7.25%, 04/01/30 (e) | 405 | 417 |
| Ascent Resources - Utica, LLC |  |  |
| 5.88%, 06/30/29 (e) | 620 | 621 |
| 6.63%, 07/15/33 (e) | 355 | 360 |
| Azule Energy Finance PLC |  |  |
| 8.13%, 01/23/30 (e) | 200 | 197 |
| Comstock Resources, Inc. |  |  |
| 6.75%, 03/01/29 (e) | 770 | 772 |
| Constellation Oil Services Holding S.A. |  |  |
| 9.38%, 11/07/29 (e) | 226 | 230 |
| Cullinan Holdco SCSp |  |  |
| 4.63%, 10/15/26, EUR (g) | 100 | 101 |
| Excelerate Energy Limited Partnership |  |  |
| 8.00%, 05/15/30 (e) | 800 | 843 |
| FS Luxembourg S.a r.l. |  |  |
| 8.88%, 02/12/31 (e) | 382 | 392 |
| Genesis Energy, L.P. |  |  |
| 7.75%, 02/01/28 | 535 | 543 |
| 7.88%, 05/15/32 | 440 | 458 |
| Greenko Power II Limited |  |  |
| 4.30%, 12/13/28 (g) | 167 | 157 |
| Harvest Midstream I, L.P. |  |  |
| 7.50%, 05/15/32 (e) | 340 | 359 |
| Hilcorp Energy I, L.P. |  |  |
| 6.25%, 04/15/32 (e) | 280 | 268 |
| 8.38%, 11/01/33 (e) | 365 | 379 |
| 6.88%, 05/15/34 (e) | 515 | 494 |
| Howard Midstream Energy Partners, LLC |  |  |
| 7.38%, 07/15/32 (e) | 580 | 610 |
| Joint Stock Company National Company Kazmunaygas |  |  |
| 3.50%, 04/14/33 (g) | 390 | 336 |
| Kinetik Holdings LP |  |  |
| 5.88%, 06/15/30 (e) | 855 | 863 |
| Noble Finance II LLC |  |  |
| 8.00%, 04/15/30 (e) | 300 | 306 |
| Petroleos Mexicanos |  |  |
| 7.69%, 01/23/50 | 1220 | 961 |
| Pluspetrol SA |  |  |
| 8.50%, 05/30/32 (e) | 189 | 191 |
| Sierracol Energy Andina, LLC |  |  |
| 6.00%, 06/15/28 (g) | 550 | 509 |
| Tallgrass Energy Partners, LP |  |  |
| 6.00%, 09/01/31 (e) | 780 | 761 |
| Transmontaigne Partners LLC |  |  |
| 8.50%, 06/15/30 (e) | 160 | 166 |
| Trident Energy Finance PLC |  |  |
| 12.50%, 11/30/29 (e) | 200 | 200 |
| Wintershall Dea GmbH |  |  |
| 3.00%, (100, 07/20/28), EUR (f) (g) | 300 | 331 |
| YPF S.A. |  |  |
| 9.50%, 01/17/31 (e) | 280 | 293 |
|  |  | 12403 |
| **Utilities 2.1%** | **Utilities 2.1%** | **Utilities 2.1%** |
| A2a S.P.A. |  |  |
| 5.00%, (100, 06/11/29), EUR (f) (g) | 200 | 244 |
| AES Corporation, The |  |  |
| 6.95%, 07/15/55 | 720 | 704 |
| Alpha Generation LLC |  |  |
| 6.75%, 10/15/32 (e) | 1300 | 1341 |
| CMS Energy Corporation |  |  |
| 6.50%, 06/01/55 | 935 | 937 |
| Dominion Energy, Inc. |  |  |
| 6.63%, 05/15/55 | 970 | 989 |
| EDP, S.A. |  |  |
| 4.75%, 05/29/54, EUR (g) | 300 | 361 |
| 5.94%, 04/23/83, EUR (g) | 100 | 125 |
| Electricite de France |  |  |
| 2.63%, (100, 12/01/27), EUR (f) (g) | 600 | 686 |
| 7.50%, (100, 09/06/28), EUR (f) (g) | 200 | 259 |
| 9.13%, (100, 03/15/33) (e) (f) | 450 | 508 |
| Holding D'infrastructures Des Metiers De L'environnement |  |  |
| 4.88%, 10/24/29, EUR (g) | 300 | 366 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| 6.38%, 08/15/55 | 460 | 471 |
| 6.50%, 08/15/55 | 835 | 857 |
| NRG Energy, Inc. |  |  |
| 10.25%, (100, 03/15/28) (e) (f) | 570 | 631 |
| 5.75%, 07/15/29 (e) | 80 | 80 |
| 6.00%, 02/01/33 (e) | 130 | 131 |
| Orsted A/S |  |  |
| 5.13%, (100, 09/14/29), EUR (f) (g) | 250 | 298 |
| 5.25%, 12/08/22, EUR (g) | 150 | 179 |
| Saavi Energia S.a r.l. |  |  |
| 8.88%, 02/10/35 (e) | 400 | 416 |
| Sempra |  |  |
| 6.55%, 04/01/55 | 875 | 830 |
| UGI International, LLC |  |  |
| 2.50%, 12/01/29, EUR (g) | 100 | 110 |
| Veolia Environnement |  |  |
| 2.50%, (100, 01/20/29), EUR (f) (g) | 300 | 337 |
| Vistra Corp. |  |  |
| 7.00%, (100, 12/15/26) (e) (f) | 525 | 531 |
| Vistra Operations Company LLC |  |  |
| 7.75%, 10/15/31 (e) | 360 | 383 |
| Zorlu Enerji Elektrik Uretim Anonim Sirketi |  |  |
| 11.00%, 04/23/30 (g) | 200 | 185 |
|  |  | 11959 |
| **Consumer Staples 1.7%** | **Consumer Staples 1.7%** | **Consumer Staples 1.7%** |
| AA Bond Co Limited |  |  |
| 6.85%, 07/31/31, GBP (g) | 100 | 142 |
| Albion Financing 1 S.a r.l. |  |  |
| 7.00%, 05/21/30 (e) | 765 | 783 |
| Allied Universal Holdco LLC |  |  |
| 6.00%, 06/01/29 (e) | 275 | 267 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
June 30, 2025

---

| | | |
|:---|:---|:---|
| | **Shares/Par<sup>1</sup>** | **Value ($)** |
| 7.88%, 02/15/31 (e) | 290 | 303 |
| Amber FinCo PLC |  |  |
| 6.63%, 07/15/29, EUR (g) | 200 | 246 |
| BCP V Modular Services Finance PLC |  |  |
| 6.75%, 11/30/29, EUR (g) | 200 | 209 |
| Bellis Acquisition Company PLC |  |  |
| 8.13%, 05/14/30, GBP (g) | 100 | 129 |
| Boels Topholding B.V. |  |  |
| 6.25%, 02/15/29, EUR (g) | 125 | 152 |
| 5.75%, 05/15/30, EUR (g) | 100 | 122 |
| Champions Financing Inc. |  |  |
| 8.75%, 02/15/29 (e) | 510 | 492 |
| Co-operative Group Limited |  |  |
| 7.50%, 07/08/26, GBP (g) (i) (j) | 260 | 360 |
| Elo |  |  |
| 6.00%, 03/22/29, EUR (g) | 100 | 109 |
| Flora Food Management B.V. |  |  |
| 6.88%, 07/02/29, EUR (g) | 250 | 299 |
| Grupo Nutresa S.A. |  |  |
| 8.00%, 05/12/30 (e) | 240 | 251 |
| Loxama |  |  |
| 6.38%, 05/31/29, EUR (g) | 200 | 245 |
| Market Bidco Finco PLC |  |  |
| 5.50%, 11/04/27, GBP (g) | 100 | 134 |
| Minerva Luxembourg S.A. |  |  |
| 8.88%, 09/13/33 (g) | 330 | 357 |
| Multiversity S.p.A. |  |  |
| 6.44%, (3 Month EURIBOR + 4.25%), 10/30/28, EUR (a) (g) | 100 | 118 |
| Ocado Group PLC |  |  |
| 10.50%, 08/08/29, GBP (g) | 150 | 200 |
| Ontex Group |  |  |
| 5.25%, 04/15/30, EUR (g) | 100 | 120 |
| Opal Bidco SAS |  |  |
| 6.50%, 03/31/32 (e) | 205 | 209 |
| Pachelbel BidCo S.p.A. |  |  |
| 7.13%, 05/17/31, EUR (g) | 50 | 63 |
| Perrigo Finance Unlimited Company |  |  |
| 5.38%, 09/30/32, EUR | 100 | 121 |
| Post Holdings, Inc. |  |  |
| 6.38%, 03/01/33 (e) | 260 | 262 |
| Prime Security Services Borrower, LLC |  |  |
| 6.25%, 01/15/28 (e) | 510 | 511 |
| Primo Water Holdings Inc. |  |  |
| 3.88%, 10/31/28, EUR (g) | 150 | 176 |
| Q-Park Holding I B.V. |  |  |
| 5.13%, 03/01/29, EUR (g) | 100 | 121 |
| RAC Bond Co PLC |  |  |
| 5.25%, 11/04/27, GBP (g) | 200 | 269 |
| Roquette Freres |  |  |
| 5.49%, (100, 11/25/29), EUR (f) (g) | 100 | 119 |
| U.S. Foods Inc. |  |  |
| 5.75%, 04/15/33 (e) | 70 | 70 |
| Verisure Holding AB |  |  |
| 3.25%, 02/15/27, EUR (g) | 300 | 350 |
| Verisure Midholding AB |  |  |
| 5.25%, 02/15/29, EUR (g) | 300 | 355 |
| Walgreens Boots Alliance, Inc. |  |  |
| 2.13%, 11/20/26, EUR | 400 | 463 |
| Wand NewCo 3, Inc. |  |  |
| 7.63%, 01/30/32 (e) | 975 | 1025 |
| Williams Scotsman, Inc. |  |  |
| 7.38%, 10/01/31 (e) | 390 | 410 |
| | | 9562 |
| **Materials 1.5%** | **Materials 1.5%** | **Materials 1.5%** |
| Ahlstrom Holding 3 Oy |  |  |
| 3.63%, 02/04/28, EUR (g) | 200 | 230 |
| Avient Corporation |  |  |
| 6.25%, 11/01/31 (e) | 420 | 423 |
| Braskem Netherlands Finance B.V. |  |  |
| 8.50%, 01/12/31 (g) | 300 | 261 |
| Capstone Copper Corp. |  |  |
| 6.75%, 03/31/33 (e) | 265 | 271 |
| CEMEX S.A.B. de C.V. |  |  |
| 7.20%, (100, 06/10/30) (e) (f) | 200 | 202 |
| Compania de Minas Buenaventura S.A.A. |  |  |
| 6.80%, 02/04/32 (e) | 200 | 203 |
| Consolidated Energy Finance S.A. |  |  |
| 12.00%, 02/15/31 (e) | 335 | 329 |
| Diamond Escrow Issuer, LLC |  |  |
| 9.75%, 11/15/28 (e) | 410 | 432 |
| FMG Resources (August 2006) Pty Ltd |  |  |
| 4.38%, 04/01/31 (e) | 149 | 139 |
| Fresnillo PLC |  |  |
| 4.25%, 10/02/50 (g) | 200 | 144 |
| Guala Closures S.p.A. |  |  |
| 3.25%, 06/15/28, EUR (g) | 188 | 215 |
| INEOS Quattro Finance 2 plc |  |  |
| 8.50%, 03/15/29, EUR (g) | 50 | 59 |
| 6.75%, 04/15/30, EUR (g) | 100 | 109 |
| Kaiser Aluminum Corporation |  |  |
| 4.63%, 03/01/28 (e) | 615 | 603 |
| 4.50%, 06/01/31 (e) | 70 | 65 |
| Kronos International, Inc. |  |  |
| 9.50%, 03/15/29, EUR (g) | 249 | 314 |
| Lune Holdings S.a r.l. |  |  |
| 5.63%, 11/15/28, EUR (g) | 150 | 71 |
| Monitchem Holdco 3 S.A. |  |  |
| 8.75%, 05/01/28, EUR (g) | 150 | 178 |
| Novelis Corporation |  |  |
| 6.88%, 01/30/30 (e) | 570 | 589 |
| Olympus Water US Holding Corporation |  |  |
| 9.63%, 11/15/28, EUR (g) | 300 | 370 |
| 7.25%, 06/15/31 (e) | 70 | 71 |
| Samarco Mineracao S/A |  |  |
| 9.00%, 06/30/31 (d) (e) (i) | 388 | 382 |
| Sappi Papier Holding GmbH |  |  |
| 4.50%, 03/15/32, EUR (g) | 100 | 116 |
| Sasol Financing USA LLC |  |  |
| 6.50%, 09/27/28 | 290 | 276 |
| Sealed Air Corporation |  |  |
| 7.25%, 02/15/31 (e) | 750 | 789 |
| 6.50%, 07/15/32 (e) | 70 | 73 |
| Snf Group |  |  |
| 4.50%, 03/15/32, EUR (g) | 100 | 121 |
| Synthomer PLC |  |  |
| 7.38%, 05/02/29, EUR (g) | 200 | 233 |
| Vedanta Resources Limited |  |  |
| 10.88%, 09/17/29 (g) | 250 | 260 |
| W. R. Grace Holdings LLC |  |  |
| 5.63%, 08/15/29 (e) | 10 | 9 |
| 7.38%, 03/01/31 (e) | 305 | 312 |
| We Soda Investments Holding PLC |  |  |
| 9.50%, 10/06/28 (g) | 300 | 313 |
|  |  | 8162 |
| **Health Care 1.5%** | **Health Care 1.5%** | **Health Care 1.5%** |
| 1261229 B.C. Ltd. |  |  |
| 10.00%, 04/15/32 (e) | 575 | 580 |
| Bausch & Lomb Corporation |  |  |
| 8.38%, 10/01/28 (e) | 1020 | 1066 |
| Bayer Aktiengesellschaft |  |  |
| 5.38%, 03/25/82, EUR (g) | 300 | 355 |
| Cheplapharm Arzneimittel GmbH |  |  |
| 7.50%, 05/15/30, EUR (g) | 200 | 240 |
| CVS Health Corporation |  |  |
| 6.75%, 12/10/54 | 405 | 407 |
| Ephios Subco 3 S.a r.l. |  |  |
| 7.88%, 01/31/31, EUR (g) | 300 | 380 |
| Eurofins Scientific SE |  |  |
| 6.75%, (100, 04/24/28), EUR (f) (g) | 300 | 376 |
| Grifols Escrow Issuer S.A. |  |  |
| 3.88%, 10/15/28, EUR (g) | 200 | 225 |
| Grifols, S.A. |  |  |
| 7.50%, 05/01/30, EUR (g) | 300 | 369 |
| Grunenthal GmbH |  |  |
| 4.63%, 11/15/31, EUR (g) | 300 | 355 |
| IQVIA Inc. |  |  |
| 2.25%, 01/15/28, EUR (g) | 200 | 229 |
| 6.25%, 06/01/32 (e) | 170 | 174 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
June 30, 2025

---

| | | |
|:---|:---|:---|
| | **Shares/Par<sup>1</sup>** | **Value ($)** |
| Lifepoint Health, Inc. |  |  |
| 10.00%, 06/01/32 (e) | 370 | 381 |
| Molina Healthcare, Inc. |  |  |
| 6.25%, 01/15/33 (e) | 225 | 229 |
| Mozart Debt Merger Sub Inc. |  |  |
| 5.25%, 10/01/29 (e) | 595 | 590 |
| Neopharmed Gentili S.p.A. |  |  |
| 7.13%, 04/08/30, EUR (g) | 100 | 123 |
| Nidda Healthcare Holding GmbH |  |  |
| 5.63%, 02/21/30, EUR (g) | 300 | 360 |
| Ray Financing LLC |  |  |
| 6.50%, 07/15/31, EUR (g) | 300 | 369 |
| Rossini S.a r.l. |  |  |
| 6.75%, 12/31/29, EUR (g) | 100 | 124 |
| Surgery Center Holdings, Inc. |  |  |
| 7.25%, 04/15/32 (e) | 460 | 469 |
| Team Health Holdings, Inc. |  |  |
| 13.50%, 06/30/28 (d) (e) | 144 | 157 |
| Teva Pharmaceutical Finance Netherlands II B.V. |  |  |
| 4.38%, 05/09/30, EUR (g) | 500 | 598 |
| | | 8156 |
| **Real Estate 1.0%** | **Real Estate 1.0%** | **Real Estate 1.0%** |
| Adler Financing S.a r.l. |  |  |
| 8.25%, 12/31/28, EUR (d) | 125 | 154 |
| Alexandrite Monnet UK HoldCo PLC |  |  |
| 10.50%, 05/15/29, EUR (g) | 200 | 259 |
| alstria office AG |  |  |
| 5.50%, 03/20/31, EUR (g) | 100 | 120 |
| Banco Actinver, S.A., Institucion de Banca Multiple, Grupo Financiero Actinver |  |  |
| 7.25%, 01/31/41 (g) | 199 | 201 |
| Castellum Aktiebolag |  |  |
| 3.13%, (100, 12/02/26), EUR (f) (g) | 250 | 288 |
| CPI Property Group |  |  |
| 3.75%, (100, 04/27/28), EUR (f) (g) | 100 | 107 |
| 7.50%, (100, 03/24/31), EUR (f) (g) | 204 | 233 |
| 4.00%, 01/22/28, GBP (g) (i) (j) | 200 | 261 |
| 1.75%, 01/14/30, EUR (g) | 150 | 155 |
| Globalworth Real Estate Investments Limited |  |  |
| 6.25%, 03/31/30, EUR (g) | 282 | 338 |
| Greentown China Holdings Limited |  |  |
| 8.45%, 02/24/28 (g) | 200 | 203 |
| Heimstaden AB |  |  |
| 6.75%, (100, 10/15/26), EUR (f) (g) | 100 | 90 |
| Heimstaden Bostad AB |  |  |
| 3.63%, (100, 10/13/26), EUR (f) (g) | 350 | 402 |
| 4.38%, 03/06/27, EUR (g) | 200 | 228 |
| 1.63%, 10/13/31, EUR (g) | 100 | 102 |
| MPT Operating Partnership, L.P. |  |  |
| 7.00%, 02/15/32, EUR (g) | 100 | 120 |
| Park Intermediate Holdings LLC |  |  |
| 5.88%, 10/01/28 (e) | 390 | 389 |
| RHP Hotel Properties, LP |  |  |
| 6.50%, 06/15/33 (e) | 150 | 154 |
| Service Properties Trust |  |  |
| 4.75%, 10/01/26 | 430 | 424 |
| Star Holdings |  |  |
| 8.75%, 08/01/31 (e) | 335 | 316 |
| Uniti Group Inc. |  |  |
| 10.50%, 02/15/28 (e) | 486 | 515 |
| 8.63%, 06/15/32 (e) | 230 | 232 |
|  |  | 5291 |
| **Information Technology 0.8%** | **Information Technology 0.8%** | **Information Technology 0.8%** |
| Ahead DB Holdings, LLC |  |  |
| 6.63%, 05/01/28 (e) | 825 | 827 |
| Almaviva - The Italian Innovation Company S.P.A. In Breve Almaviva S.P.A. |  |  |
| 5.00%, 10/30/30, EUR (g) | 100 | 118 |
| Amentum Escrow Corp. |  |  |
| 7.25%, 08/01/32 (e) | 70 | 72 |
| Atos SE |  |  |
| 9.00%, 12/18/29, EUR (g) (i) | 300 | 394 |
| Ellucian Holdings Inc. |  |  |
| 6.50%, 12/01/29 (e) | 195 | 200 |
| Fortress Intermediate 3 Inc. |  |  |
| 7.50%, 06/01/31 (e) | 585 | 614 |
| Gen Digital Inc. |  |  |
| 6.25%, 04/01/33 (e) | 395 | 406 |
| Minerva Merger Sub Inc |  |  |
| 6.50%, 02/15/30 (e) | 640 | 630 |
| UKG Inc. |  |  |
| 6.88%, 02/01/31 (e) | 965 | 1001 |
|  |  | 4262 |
| Total Corporate Bonds And Notes (cost $132,288) | Total Corporate Bonds And Notes (cost $132,288) | 138060 |
| **CATASTROPHE BONDS 14.5%** | **CATASTROPHE BONDS 14.5%** | **CATASTROPHE BONDS 14.5%** |
| **Multi-Peril 10.0%** | **Multi-Peril 10.0%** | **Multi-Peril 10.0%** |
| 3264 Re Ltd. |  |  |
| 25.53%, (3 Month Treasury + 21.25%), 02/07/28 (a) (e) | 500 | 491 |
| Alamo Re Ltd. |  |  |
| 10.30%, (1 Month Treasury + 6.00%), 06/07/27 (a) (e) | 1150 | 1173 |
| 12.05%, (1 Month Treasury + 7.75%), 06/07/27 (a) (e) | 500 | 521 |
| Atela Re Ltd. |  |  |
| 18.55%, (3 Month Treasury + 14.25%), 05/09/27 (a) (e) | 750 | 798 |
| Atlas Capital Designated Activity Company |  |  |
| 11.60%, (SOFR + 7.25%), 06/07/28 (a) (e) | 1500 | 1500 |
| Bonanza Re Ltd |  |  |
| 9.82%, (3 Month Treasury + 5.50%), 12/20/27 (a) (e) | 1500 | 1496 |
| Bridge STR RE Ltd. |  |  |
| 8.24%, (3 Month Treasury + 4.00%), 01/07/28 (a) (e) | 3000 | 2953 |
| Easton Re Pte. Ltd. |  |  |
| 11.80%, (3 Month Treasury + 7.50%), 01/08/27 (a) (e) | 1900 | 1926 |
| Four Lakes Re Ltd. |  |  |
| 9.78%, (3 Month Treasury + 5.50%), 01/07/28 (a) (e) | 1500 | 1464 |
| Herbie Re Ltd. |  |  |
| 11.53%, (3 Month Treasury + 7.25%), 01/08/29 (a) (e) | 2250 | 2251 |
| 15.03%, (3 Month Treasury + 10.75%), 01/08/29 (a) (e) | 1250 | 1271 |
| Hypatia Ltd. |  |  |
| 14.78%, (3 Month Treasury + 10.50%), 04/08/26 (a) (e) | 1650 | 1705 |
| Kendall Re Ltd. |  |  |
| 10.57%, (3 Month Treasury + 6.25%), 04/30/27 (a) (e) | 1500 | 1558 |
| 12.07%, (3 Month Treasury + 7.75%), 04/30/27 (a) (e) | 750 | 770 |
| Kilimanjaro III Re Limited |  |  |
| 8.83%, (3 Month Treasury + 4.56%), 04/20/26 (a) (e) | 500 | 500 |
| 9.13%, (3 Month Treasury + 4.86%), 04/20/26 (a) (e) | 500 | 498 |
| 16.63%, (3 Month Treasury + 12.36%), 04/20/26 (a) (e) | 275 | 273 |
| Kilimanjaro Re Limited |  |  |
| 10.52%, (3 Month Treasury + 6.25%), 06/30/28 (a) (e) | 1150 | 1198 |
| 10.52%, (3 Month Treasury + 6.25%), 07/09/29 (a) (e) | 500 | 500 |
| 8.02%, (3 Month Treasury + 3.75%), 07/08/30 (a) (e) | 1000 | 1000 |
| London Bridge 2 PCC Limited |  |  |
| 11.85%, (3 Month Treasury + 7.50%), 01/09/29 (a) (e) | 2000 | 2015 |
| Matterhorn Re Ltd |  |  |
| 10.06%, (SOFR + 5.75%), 12/08/25 (a) (e) | 1650 | 1583 |
| 16.52%, (3 Month Treasury + 12.25%), 02/04/28 (a) (e) | 1000 | 995 |
| Mona Lisa RE Ltd. |  |  |
| 11.28%, (3 Month Treasury + 7.00%), 07/08/25 (a) (e) | 2750 | 2749 |
| 14.03%, (3 Month Treasury + 9.75%), 06/25/27 (a) (e) | 1700 | 1832 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
June 30, 2025

---

| | | |
|:---|:---|:---|
| | **Shares/Par<sup>1</sup>** | **Value ($)** |
| 12.28%, (3 Month Treasury + 8.00%), 01/08/29 (a) (e) | 2750 | 2755 |
| Montoya Re Ltd. |  |  |
| 15.75%, (1 Month Treasury + 11.50%), 04/07/27 (a) (e) | 1750 | 1792 |
| Mystic Re IV Ltd. |  |  |
| 16.27%, (3 Month Treasury + 12.00%), 01/08/27 (a) (e) | 750 | 779 |
| 8.28%, (3 Month Treasury + 4.00%), 01/10/28 (a) (e) | 1000 | 1001 |
| 14.53%, (3 Month Treasury + 10.25%), 01/10/28 (a) (e) | 750 | 758 |
| Northshore Re II Limited |  |  |
| 12.28%, (3 Month Treasury + 8.00%), 07/08/25 (a) (e) | 1930 | 1928 |
| 9.26%, (3 Month Treasury + 5.00%), 04/07/28 (a) (e) | 500 | 500 |
| Ocelot Re Ltd. |  |  |
| 12.04%, (3 Month Treasury + 7.75%), 01/07/31 (a) (e) | 1900 | 1921 |
| Residential Reinsurance 2024 Ltd. |  |  |
| 9.59%, (3 Month Treasury + 5.25%), 12/06/28 (a) (e) | 1250 | 1248 |
| 11.34%, (3 Month Treasury + 7.00%), 12/06/28 (a) (e) | 1000 | 1007 |
| Riverfront Re Ltd. |  |  |
| 12.01%, (3 Month Treasury + 7.75%), 01/08/29 (a) (e) | 750 | 747 |
| Sanders Re II Ltd. |  |  |
| 8.29%, (3 Month Treasury + 4.00%), 04/07/29 (a) (e) | 1000 | 987 |
| 9.54%, (3 Month Treasury + 5.25%), 04/07/29 (a) (e) | 1000 | 1002 |
| Sanders Re III Ltd. |  |  |
| 10.04%, (3 Month Treasury + 5.75%), 04/07/28 (a) (e) | 1000 | 1032 |
| Stabilitas Re Ltd. |  |  |
| 12.82%, (3 Month Treasury + 8.50%), 06/05/26 (a) (e) | 2500 | 2555 |
| Titania Re Ltd. |  |  |
| 10.47%, (1 Month Treasury + 6.25%), 11/26/27 (a) (e) | 2750 | 2739 |
| | | 55771 |
| **Storms 3.2%** | **Storms 3.2%** | **Storms 3.2%** |
| Cape Lookout Re Ltd. |  |  |
| 12.97%, (1 Month Treasury + 8.00%), 04/05/27 (a) (e) | 1600 | 1620 |
| 11.17%, (1 Month Treasury + 6.90%), 03/13/28 (a) (e) | 1250 | 1253 |
| Chartwell Re Ltd. |  |  |
| 10.31%, (3 Month Treasury + 6.00%), 06/07/28 (a) (e) | 1250 | 1263 |
| 11.31%, (3 Month Treasury + 7.00%), 06/07/28 (a) (e) | 1000 | 997 |
| FloodSmart Re Ltd. |  |  |
| 18.34%, (3 Month Treasury + 14.00%), 03/12/27 (a) (e) | 500 | 514 |
| Gateway Re II Ltd. |  |  |
| 13.19%, (3 Month Treasury + 8.90%), 04/27/26 (a) (e) | 250 | 252 |
| Gateway Re Ltd |  |  |
| 13.80%, (1 Month Treasury + 9.50%), 07/07/27 (a) (e) | 500 | 501 |
| 14.80%, (1 Month Treasury + 10.50%), 07/07/28 (a) (e) | 500 | 510 |
| Hestia Re Ltd |  |  |
| 15.08%, (1 Month Treasury + 10.75%), 04/07/26 (a) (e) | 1250 | 1271 |
| 12.59%, (1 Month Treasury + 8.25%), 03/13/28 (a) (e) | 750 | 739 |
| Marlon Ltd. |  |  |
| 11.29%, (3 Month Treasury + 7.00%), 06/07/27 (a) (e) | 1775 | 1816 |
| Palm Re Ltd. |  |  |
| 12.09%, (1 Month Treasury + 7.75%), 06/07/28 (a) (e) | 750 | 750 |
| Purple Re Ltd. |  |  |
| 11.56%, (1 Month Treasury + 7.25%), 06/07/28 (a) (e) | 1750 | 1749 |
| 12.06%, (1 Month Treasury + 7.75%), 06/07/28 (a) (e) | 500 | 500 |
| Queen Street 2023 Re Designated Activity Company |  |  |
| 11.80%, (3 Month Treasury + 7.50%), 12/08/25 (a) (e) | 2400 | 2392 |
| Winston Re Ltd. |  |  |
| 14.58%, (3 Month Treasury + 10.25%), 02/26/27 (a) (e) | 1300 | 1373 |
| 10.83%, (3 Month Treasury + 6.50%), 02/21/28 (a) (e) | 750 | 761 |
|  |  | 18261 |
| **Earthquakes 1.3%** | **Earthquakes 1.3%** | **Earthquakes 1.3%** |
| Sutter Re Ltd. |  |  |
| 11.08%, (3 Month Treasury + 6.75%), 06/19/26 (a) (e) | 1000 | 1027 |
| Torrey Pines Re Ltd. |  |  |
| 9.55%, (3 Month Treasury + 5.00%), 06/05/26 (a) (e) | 1000 | 1016 |
| 10.78%, (1 Month Treasury + 6.50%), 06/07/28 (a) (e) | 500 | 501 |
| Ursa Re II Ltd. |  |  |
| 13.31%, (3 Month Treasury + 9.00%), 06/07/28 (a) (e) | 1250 | 1249 |
| Veraison Re Ltd. |  |  |
| 9.07%, (3 Month Treasury + 4.75%), 03/08/27 (a) (e) | 1000 | 1025 |
| 7.83%, (1 Month Treasury + 3.50%), 03/08/28 (a) (e) | 1500 | 1494 |
| 9.33%, (1 Month Treasury + 5.00%), 03/08/28 (a) (e) | 1000 | 998 |
|  |  | 7310 |
| Total Catastrophe Bonds (cost $80,541) | Total Catastrophe Bonds (cost $80,541) | 81342 |
| **DIRECT ACCESS LENDING 11.5%** | **DIRECT ACCESS LENDING 11.5%** | **DIRECT ACCESS LENDING 11.5%** |
| **Financials 4.9%** | **Financials 4.9%** | **Financials 4.9%** |
| Axonic Coinvest II, LP (g) (k) | 8000 | 8901 |
| Eiger Funding (PCC) Ltd. GBP (g) (k) | 8107 | 11934 |
| EJF CRT 2024-R1 LLC |  |  |
| 12.14%, (SOFR + 7.75%), 02/15/43 (a) (c) (g) | 5527 | 5522 |
| Northleaf Chorus Investors LP (g) (k) | 7500 | 1425 |
|  |  | 27782 |
| **Industrials 2.7%** | **Industrials 2.7%** | **Industrials 2.7%** |
| HCM 2021-1, LLC (g) (k) | 12000 | 12644 |
| Ironwood Funding XIV LLC (g) (k) | 4000 | 2536 |
|  |  | 15180 |
| **Non-U.S. Government Agency Asset-Backed Securities 1.7%** | **Non-U.S. Government Agency Asset-Backed Securities 1.7%** | **Non-U.S. Government Agency Asset-Backed Securities 1.7%** |
| Upgrade Master Pass-Thru Trust Series 2025-ST1 |  |  |
| Series 2025-CRT1-ST1, 0.00%, 04/15/32 (c) (g) | 11000 | 9477 |
| **Consumer Discretionary 1.6%** | **Consumer Discretionary 1.6%** | **Consumer Discretionary 1.6%** |
| AX Southeast Loan Investor LLC (g) (k) | 8000 | 8903 |
| **Communication Services 0.6%** | **Communication Services 0.6%** | **Communication Services 0.6%** |
| Cutting Edge Group |  |  |
| 12.31%, (SOFR + 8.00%), 07/31/29 (a) (c) (g) | 3236 | 3184 |
| Total Direct Access Lending (cost $60,613) | Total Direct Access Lending (cost $60,613) | 64526 |
| **NON-U.S. GOVERNMENT AGENCY ASSET-BACKED SECURITIES 10.3%** | **NON-U.S. GOVERNMENT AGENCY ASSET-BACKED SECURITIES 10.3%** | **NON-U.S. GOVERNMENT AGENCY ASSET-BACKED SECURITIES 10.3%** |
| 1211 Avenue of The Americas |  |  |
| Series 2015-C-1211, REMIC, 4.14%, 08/10/25 (a) | 355 | 334 |
| 1988 CLO 1 Ltd |  |  |
| Series 2022-ER-1A, 10.36%, (3 Month Term SOFR + 6.10%), 10/15/39 (a) | 2000 | 2006 |
| 1988 CLO 2 Ltd. |  |  |
| Series 2023-ER-2A, 9.54%, (3 Month Term SOFR + 5.25%), 04/15/38 (a) | 2000 | 1955 |
| 37 Capital Clo 1 Ltd |  |  |
| Series 2021-E-1A, REMIC, 11.72%, (3 Month Term SOFR + 7.46%), 10/16/34 (a) | 2500 | 2466 |
| AB BSL CLO 5 Ltd |  |  |
| Series 2024-D1-5A, 7.41%, (3 Month Term SOFR + 3.10%), 01/20/38 (a) | 750 | 753 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
June 30, 2025

---

| | | |
|:---|:---|:---|
| | **Shares/Par<sup>1</sup>** | **Value ($)** |
| Balboa Bay Loan Funding 2024-1 Ltd |  |  |
| Series 2024-E-1A, 10.52%, (3 Month Term SOFR + 6.25%), 07/20/37 (a) | 1250 | 1263 |
| BAMLL Trust 2024-BHP |  |  |
| Series 2024-B-BHP, REMIC, 7.21%, (1 Month Term SOFR + 2.90%), 08/17/26 (a) | 386 | 390 |
| Barings CLO Ltd 2024-I |  |  |
| Series 2024-E-1A, 11.22%, (3 Month Term SOFR + 6.95%), 01/21/37 (a) | 2000 | 2026 |
| Barings CLO Ltd 2024-V |  |  |
| Series 2024-E-5A, 10.04%, (3 Month Term SOFR + 5.65%), 07/15/37 (a) (e) | 1000 | 1010 |
| BBCMS Mortgage Trust 2024-5C31 |  |  |
| Series 2024-D-5C31, REMIC, 4.25%, 12/17/29 | 386 | 338 |
| Benchmark 2020-B16 Mortgage Trust |  |  |
| Series 2020-B-B16, REMIC, 3.18%, 01/17/30 (a) | 373 | 324 |
| Series 2020-C-B16, REMIC, 3.52%, 01/17/30 (a) | 298 | 245 |
| Benchmark 2020-B19 Mortgage Trust |  |  |
| Series 2020-AS-B19, REMIC, 2.15%, 09/17/30 | 405 | 340 |
| Series 2020-B-B19, REMIC, 2.35%, 09/17/30 | 156 | 120 |
| Benchmark 2024-V5 Mortgage Trust |  |  |
| Series 2024-C-V5, REMIC, 6.97%, 01/12/29 (a) | 55 | 57 |
| Benefit Street Partners Clo XXXVII Ltd |  |  |
| Series 2024-E-37A, 9.70%, (3 Month Term SOFR + 5.35%), 01/25/38 (a) | 1500 | 1500 |
| BMO 2024-5C3 Mortgage Trust |  |  |
| Series 2024-C-5C3, REMIC, 6.86%, 02/16/29 (a) | 496 | 509 |
| BMO 2024-5C6 Mortgage Trust |  |  |
| Series 2024-D-5C8, REMIC, 4.50%, 12/15/57 | 281 | 258 |
| Business Jet Securities 2024-1, LLC |  |  |
| Series 2024-B-1A, 6.92%, 05/15/30 | 273 | 280 |
| Business Jet Securities 2024-2, LLC |  |  |
| Series 2024-B-2A, 5.75%, 09/15/30 | 339 | 338 |
| BX Commercial Mortgage Trust 2021-VOLT |  |  |
| Series 2021-E-VOLT, REMIC, 6.43%, (1 Month Term SOFR + 2.11%), 09/15/36 (a) | 484 | 482 |
| BX Commercial Mortgage Trust 2024-XL5 |  |  |
| Series 2024-D-XL5, REMIC, 7.00%, (1 Month Term SOFR + 2.69%), 03/15/26 (a) | 306 | 307 |
| BX Trust |  |  |
| Series 2024-D-MF, REMIC, 7.00%, (1 Month Term SOFR + 2.69%), 02/17/26 (a) | 340 | 341 |
| Series 2024-C-BIO, REMIC, 6.95%, (1 Month Term SOFR + 2.64%), 02/15/29 (a) | 378 | 377 |
| BX Trust 2024-VLT4 |  |  |
| Series 2024-E-VLT4, REMIC, 7.20%, (1 Month Term SOFR + 2.89%), 06/15/26 (a) | 382 | 380 |
| BX Trust 2025-GW |  |  |
| Series 2025-D-GW, 0.00%, 07/15/42 (a) | 635 | 636 |
| BX Trust 2025-LIFE |  |  |
| Series 2025-A-LIFE, REMIC, 5.89%, 06/14/35 (a) | 240 | 245 |
| Canyon CLO 2025-1 Ltd |  |  |
| Series 2025-E-1A, 9.05%, (3 Month Term SOFR + 4.75%), 04/15/38 (a) | 1125 | 1112 |
| Castlelake Aircraft Structured Trust 2025-1 |  |  |
| Series 2025-C-1A, 7.75%, 08/15/30 | 429 | 417 |
| COMM 2024-CBM Mortgage Trust |  |  |
| Series 2024-D-CBM, REMIC, 8.19%, 12/12/29 (a) | 330 | 340 |
| CONE Trust 2024-DFW1 |  |  |
| Series 2024-D-DFW1, REMIC, 7.35%, (1 Month Term SOFR + 3.10%), 08/15/41 (a) | 242 | 242 |
| Consolidated Communications LLC/Fidium Fiber Finan |  |  |
| Series 2025-C-1A, 9.41%, 05/20/30 | 1000 | 1046 |
| Crockett Partners Equipment Company IIA LLC |  |  |
| Series 2024-B-1C, 6.78%, 01/20/30 | 167 | 170 |
| Eaton Vance CLO 2013-1 Ltd |  |  |
| Series 2013-D3R-1A, 11.32%, (3 Month Term SOFR + 7.06%), 01/17/34 (a) | 1250 | 1229 |
| Eaton Vance CLO 2020-2 Ltd |  |  |
| Series 2020-ER2-2A, 10.76%, (3 Month Term SOFR + 6.50%), 10/15/37 (a) | 1000 | 989 |
| Eleven Madison Trust 2015-11MD Mortgage Trust |  |  |
| Series 2015-D-11MD, REMIC, 3.55%, 09/11/25 (a) | 334 | 328 |
| ELM Trust 2024-ELM |  |  |
| Series 2024-D10-ELM, REMIC, 6.85%, 06/11/27 (a) | 499 | 503 |
| Series 2024-D15-ELM, REMIC, 6.90%, 06/11/27 (a) | 325 | 326 |
| Elmwood CLO 30 Ltd |  |  |
| Series 2024-E-6A, 9.53%, (3 Month Term SOFR + 5.25%), 07/17/37 (a) | 1000 | 1002 |
| GreenSky Home Improvement Issuer Trust 2025-1 |  |  |
| Series 2025-D-1A, 6.22%, 03/25/60 | 832 | 839 |
| GS Mortgage Securities Trust 2016-GS2 |  |  |
| Series 2016-C-GS2, REMIC, 4.70%, 05/12/26 (a) | 286 | 277 |
| GS Mortgage Securities Trust 2017-GS6 |  |  |
| Series 2017-B-GS6, REMIC, 3.87%, 05/12/27 | 185 | 162 |
| Halseypoint Clo 4, Ltd |  |  |
| Series 2021-E-4A, REMIC, 11.24%, (3 Month Term SOFR + 6.97%), 04/20/34 (a) (e) | 1500 | 1467 |
| Island Finance Trust 2025-1 |  |  |
| Series 2025-A-1A, 6.54%, 03/19/35 | 360 | 366 |
| J.P. Morgan Chase Commercial Mortgage Securities Trust 2022-OPO |  |  |
| Series 2022-C-OPO, REMIC, 3.45%, 01/08/27 (a) | 568 | 480 |
| KKR CLO 43 Ltd |  |  |
| Series 2022-ER-43A, 12.23%, (3 Month Term SOFR + 7.97%), 01/15/36 (a) | 1500 | 1515 |
| MED Commercial Mortgage Trust 2024-MOB |  |  |
| Series 2024-C-MOB, REMIC, 6.60%, (1 Month Term SOFR + 2.29%), 04/15/26 (a) | 411 | 406 |
| MidOcean Credit CLO XV Ltd |  |  |
| Series 2024-E-15A, 10.52%, (3 Month Term SOFR + 6.25%), 07/21/37 (a) | 1000 | 1005 |
| Morgan Stanley Residential Mortgage Loan Trust 2025-NQM2 |  |  |
| Series 2025-M1-NQM2, 6.52%, 01/25/70 (a) | 822 | 833 |
| New Residential Mortgage LLC |  |  |
| Series 2024-A-FNT1, 7.40%, 11/25/29 | 643 | 648 |
| NRZ FHT Excess LLC |  |  |
| Series 2025-A-FHT1, 6.55%, 03/25/32 (e) | 765 | 770 |
| NYC Commercial Mortgage Trust 2025-3BP |  |  |
| Series 2025-D-3BP, REMIC, 6.75%, (1 Month Term SOFR + 2.50%), 02/16/27 (a) | 251 | 247 |
| OBX 2025-HE1 Trust |  |  |
| Series 2025-M2-HE1, 6.92%, 02/25/55 (a) | 266 | 261 |
| OCP CLO 2023-30, Ltd. |  |  |
| Series 2023-E-30A, 11.37%, (3 Month Term SOFR + 7.09%), 01/26/37 (a) | 2000 | 2030 |
| ONE 2021-PARK Mortgage Trust |  |  |
| Series 2021-E-PARK, REMIC, 6.18%, (1 Month Term SOFR + 1.86%), 03/15/28 (a) | 466 | 431 |
| One Market Plaza Trust 2017-1MKT |  |  |
| Series 2017-B-1MKT, REMIC, 3.85%, 02/10/32 | 106 | 98 |
| ORL 2024-GLKS Mortgage Trust |  |  |
| Series 2024-D-GLKS, REMIC, 7.10%, (1 Month Term SOFR + 2.79%), 12/15/26 (a) | 494 | 493 |
| OSD CLO 2021-23 Ltd |  |  |
| Series 2021-D1R-23A, 7.03%, (3 Month Term SOFR + 2.75%), 01/21/37 (a) | 2000 | 2003 |
| Palmer Square CLO 2023-1 Ltd |  |  |
| Series 2023-ER-1A, 9.17%, (3 Month Term SOFR + 4.90%), 01/20/38 (a) | 2000 | 1998 |
| Palmer Square Loan Funding 2022-1 Ltd |  |  |
| Series 2022-E-1A, 11.46%, (3 Month Term SOFR + 7.20%), 04/15/30 (a) | 1000 | 1003 |
| PRM Trust 2025-PRM6 |  |  |
| Series 2025-E-PRM6, 6.58%, 07/05/28 (a) | 833 | 826 |
| RR 34 LTD |  |  |
| Series 2024-DR-34RA, 9.76%, (3 Month Term SOFR + 5.50%), 10/15/39 (a) | 2000 | 2020 |
| SFO Commercial Mortgage Trust 2021-555 |  |  |
| Series 2021-B-555, REMIC, 5.93%, (1 Month Term SOFR + 1.61%), 05/15/28 (a) | 325 | 323 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
June 30, 2025

---

| | | |
|:---|:---|:---|
| | **Shares/Par<sup>1</sup>** | **Value ($)** |
| Series 2021-D-555, REMIC, 6.83%, (1 Month Term SOFR + 2.51%), 05/15/28 (a) | 165 | 162 |
| Sierra Timeshare 2022-2 Receivables Funding LLC |  |  |
| Series 2022-D-2A, 9.22%, 06/20/40 | 325 | 333 |
| Sierra Timeshare 2024-3 Receivables Funding LLC |  |  |
| Series 2024-D-3A, 6.93%, 08/20/41 | 330 | 329 |
| Sierra Timeshare 2025-1 Receivables Funding LLC |  |  |
| Series 2025-D-1A, 6.86%, 01/21/42 | 623 | 625 |
| Sixth Street CLO XXV Ltd |  |  |
| Series 2024-E-25A, 10.28%, (3 Month Term SOFR + 6.00%), 07/24/37 (a) | 1250 | 1264 |
| Symphony CLO 45 Ltd |  |  |
| Series 2024-E-45A, 10.01%, (3 Month Term SOFR + 5.75%), 10/15/37 (a) | 2000 | 2007 |
| Trestles CLO III LTD |  |  |
| Series 2020-ER-3A, 10.37%, (3 Month Term SOFR + 6.10%), 10/20/37 (a) | 1500 | 1512 |
| U.S. Bank National Association |  |  |
| Series 2025-D-SUP1, 7.01%, (SOFR 30-Day Average + 2.70%), 02/25/32 (a) | 372 | 371 |
| Verus Securitization Trust 2025-3 |  |  |
| Series 2025-M1-3, REMIC, 6.65%, 05/25/70 (a) | 270 | 275 |
| Volofin Finance (Ireland) Designated Activity Company |  |  |
| Series 2024-A-1A, 5.94%, 03/17/31 | 546 | 550 |
| Series 2024-B-1A, 6.21%, 11/17/31 | 225 | 230 |
| Wells Fargo Commercial Mortgage Trust 2017-C39 |  |  |
| Series 2017-C-C39, REMIC, 4.12%, 08/17/27 | 283 | 261 |
| Whitebox CLO II Ltd |  |  |
| Series 2020-E1R2-2A, 10.03%, (3 Month Term SOFR + 5.75%), 10/26/37 (a) | 1400 | 1407 |
| Willis Engine Structured Trust VIII |  |  |
| Series 2025-B-A, 6.07%, 06/16/31 (c) | 284 | 284 |
| Wireless Propco Funding LLC |  |  |
| Series 2025-B-1A, 4.30%, 06/25/30 (c) | 660 | 614 |
| Total Non-U.S. Government Agency Asset-Backed Securities (cost $57,470) | Total Non-U.S. Government Agency Asset-Backed Securities (cost $57,470) | 57709 |
| **GOVERNMENT AND AGENCY OBLIGATIONS 3.8%** | **GOVERNMENT AND AGENCY OBLIGATIONS 3.8%** | **GOVERNMENT AND AGENCY OBLIGATIONS 3.8%** |
| **Sovereign 3.3%** | **Sovereign 3.3%** | **Sovereign 3.3%** |
| Angola, Government of |  |  |
| 9.38%, 05/08/48 (g) | 350 | 277 |
| Departamento Administrativo De La Presidencia De La Republica |  |  |
| 7.50%, 02/02/34 | 1250 | 1245 |
| Ghana, Government of |  |  |
| 5.00%, 07/03/35 (e) (i) | 584 | 450 |
| Gobierno de la Provincia de Buenos Aires |  |  |
| 6.63%, 09/01/37 (a) (g) (i) | 1026 | 742 |
| Gobierno de la Republica de Guatemala |  |  |
| 6.60%, 06/13/36 (g) | 760 | 775 |
| Gobierno De La Republica De Honduras |  |  |
| 8.63%, 11/27/34 (g) | 600 | 630 |
| Gobierno de la Republica del Ecuador |  |  |
| 6.90%, 07/31/30 (g) (i) | 587 | 510 |
| 5.50%, 07/31/35 (g) (i) | 630 | 455 |
| Government of Commonwealth of the Bahamas |  |  |
| 8.25%, 06/24/36 (g) | 360 | 368 |
| Government of the Republic of Panama |  |  |
| 4.50%, 04/01/56 | 340 | 222 |
| Government of the Republic of Serbia |  |  |
| 2.05%, 09/23/36, EUR (g) | 374 | 334 |
| Government of the Republic of Zambia |  |  |
| 5.75%, 06/30/33 (g) (i) | 485 | 443 |
| 0.50%, 12/31/53 (g) (i) | 422 | 285 |
| Nigeria, Federal Government of |  |  |
| 8.75%, 01/21/31 (g) | 590 | 591 |
| 7.70%, 02/23/38 (g) | 780 | 674 |
| 8.25%, 09/28/51 (g) | 200 | 166 |
| People's Government of Inner Mongolia Autonomous Region |  |  |
| 7.88%, 06/05/29 (g) | 310 | 322 |
| Presidence de la Republique de Cote d'Ivoire |  |  |
| 4.88%, 01/30/32, EUR (g) | 960 | 1010 |
| 6.63%, 03/22/48, EUR (g) | 1160 | 1065 |
| Presidencia De La Nacion |  |  |
| 0.75%, 07/09/30 (i) | 997 | 798 |
| 3.50%, 07/09/41 (i) | 491 | 308 |
| 4.13%, 07/09/46 (i) | 518 | 342 |
| Presidencia de la Republica de El Salvador |  |  |
| 9.50%, 07/15/52 (g) | 660 | 677 |
| Presidencia de la Republica Dominicana |  |  |
| 7.05%, 02/03/31 (g) | 550 | 578 |
| 6.85%, 01/27/45 (g) | 534 | 531 |
| Romania, Government of |  |  |
| 6.38%, 09/18/33, EUR (g) | 1411 | 1710 |
| South Africa, Parliament of |  |  |
| 5.75%, 09/30/49 | 1340 | 1007 |
| The Arab Republic of Egypt |  |  |
| 8.70%, 03/01/49 (g) | 1250 | 1022 |
| The Democratic Socialist Republic of Sri Lanka |  |  |
| 4.00%, 04/15/28 (g) | 233 | 218 |
| 3.10%, 01/15/30 (g) (i) | 234 | 208 |
| 3.35%, 03/15/33 (g) (i) | 459 | 367 |
| 3.35%, 03/15/33 (e) (i) | 50 | 40 |
| 3.60%, 02/15/38 (g) (i) | 431 | 347 |
|  |  | 18717 |
| **Collateralized Mortgage Obligations 0.5%** | **Collateralized Mortgage Obligations 0.5%** | **Collateralized Mortgage Obligations 0.5%** |
| Connecticut Avenue Securities Trust 2022-R02 |  |  |
| Series 2022-2B1-R02, REMIC, 8.81%, (SOFR 30-Day Average + 4.50%), 01/27/42 (a) | 606 | 634 |
| Connecticut Avenue Securities Trust 2022-R08 |  |  |
| Series 2022-1B1-R08, REMIC, 9.91%, (SOFR 30-Day Average + 5.60%), 07/25/42 (a) | 175 | 189 |
| Federal Home Loan Mortgage Corporation |  |  |
| Series 2021-B1-HQA4, REMIC, 8.06%, (SOFR 30-Day Average + 3.75%), 12/25/30 (a) | 745 | 769 |
| Series 2021-B1-HQA3, REMIC, 7.66%, (SOFR 30-Day Average + 3.35%), 09/25/41 (a) | 890 | 910 |
| Freddie Mac MSCR Trust MN8 |  |  |
| Series 2024-M1-MN8, REMIC, 7.16%, (SOFR 30-Day Average + 2.85%), 05/25/29 (a) | 288 | 292 |
|  |  | 2794 |
| Total Government And Agency Obligations (cost $20,325) | Total Government And Agency Obligations (cost $20,325) | 21511 |
| **SHORT TERM INVESTMENTS 4.1%** | **SHORT TERM INVESTMENTS 4.1%** | **SHORT TERM INVESTMENTS 4.1%** |
| **Investment Companies 4.1%** | **Investment Companies 4.1%** | **Investment Companies 4.1%** |
| JNL Government Money Market Fund - Class I, 4.20% (l) (m) | 22688 | 22688 |
| Total Short Term Investments (cost $22,688) | Total Short Term Investments (cost $22,688) | 22688 |
| **Total Investments 101.0% (cost $555,677)** | **Total Investments 101.0% (cost $555,677)** | **565191** |
| **Other Derivative Instruments (0.7)%** | **Other Derivative Instruments (0.7)%** | **(3754)** |
| **Other Assets and Liabilities, Net (0.3)%** | **Other Assets and Liabilities, Net (0.3)%** | **(1896)** |
| **Total Net Assets 100.0%** | **Total Net Assets 100.0%** | **559541** |

---

(a) Security has a variable rate. Interest rates reset periodically. Rate stated was in effect as of June 30, 2025. For securities based on a published reference rate and spread, the reference rate and spread are presented. Certain variable rate securities do not indicate a reference rate and spread because they are determined by the issuer, remarketing agent, or offering documents and are based on current market conditions. The coupon rate for securities with certain features outlined in the offering documents may vary from the stated reference rate and spread. This includes, but is not limited to, securities with deferred rates, contingent distributions, caps, floors, and fixed-rate to float-rate features. In addition, variable rates for government and agency collateralized mortgage obligations ("CMO") and mortgage-backed securities ("MBS") are determined by tranches of underlying mortgage-backed security pools' cash flows into securities and pass-through rates which reflect the rate earned on the asset pool after management and guarantee fees are paid to the securitizing corporation. CMO and MBS variable rates are determined by a formula set forth in the security's offering documents.

(b) This senior floating rate interest will settle after June 30, 2025. If a reference rate and spread is presented, it will go into effect upon settlement.

(c) Security fair valued in good faith as a Level 3 security in accordance with the procedures approved by the Board of Trustees. Good faith fair valued securities are classified based on the applicable valuation inputs. See "Fair Value Measurement" in the Notes to Schedule of Investments.

(d) Pay-in-kind security. Stated coupon is the pay-in-kind rate. The interest earned by the security may be paid in cash or additional par.

(e) Security is exempt from registration under the Securities Act of 1933, as amended. As of June 30, 2025, the value and the percentage of net assets of these

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
June 30, 2025

securities was $157,691 and 28.2% of the Fund.

(f) Perpetual security. Next contractual call price and date are presented in parentheses, if applicable.

(g) Security is restricted to resale to institutional investors or subject to trading restrictions due to sanctions on foreign issuers. See Restricted Securities table following the Schedule of Investments.

(h) Convertible security.

(i) Security is a step-up bond where the coupon may increase or step up at a future date or as the result of an upgrade or downgrade to the credit rating of the issuer. Rate stated was the coupon as of June 30, 2025.

(j) The interest rate for this security is inversely affected by upgrades or downgrades to the credit rating of the issuer. Rate stated was the coupon as of June 30, 2025.

(k) Security fair valued using the NAV per share practical expedient in accordance with the procedures approved by the Board of Trustees. Good faith fair valued securities are classified based on the applicable valuation inputs. See "Fair Value Measurement" in the Notes to Schedule of Investments.

(l) Investment in affiliate.

(m) Yield changes daily to reflect current market conditions. Rate was the quoted yield as of June 30, 2025.

---

| | | |
|:---|:---|:---|
| **Unfunded Commitments** | **Unfunded Commitments** | **Unfunded Commitments** |
|  | **Unfunded Commitment ($)** | **Unrealized Appreciation / (Depreciation)($)** |
| Cutting Edge Group | 1256 | 6 |
| Raven Acquisition Holdings LLC, Delayed Draw Term Loan | 133 | (1) |
|  | 1389 | 5 |

---

**Investment Interests (continued)**<br>

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | **Termination Date** | **Lockup Period** | **Redemption Notice** |
| Axonic Coinvest II, LP | Controlling tranches of a CMBS SASB securitization backed by department stores. | 09/30/25 | N/A | N/A |
| Eiger Funding (PCC) Ltd. | Mezzanine loan backed by a London hotel with ~200 keys. | 01/21/28<sup>†</sup> | Termination | N/A |
| AX Southeast Loan Investor LLC | An off-market, fund-level NAV loan to a multi-family owner/developer. | N/A | N/A | N/A |
| HCM 2021-1, LLC | A special purpose vehicle ("SPV") that invests in the subordinated bonds of Freddie Mac Small Balance Loans ("SBL") multifamily securitization at new issue. | N/A | 2 years | 6 months |
| Ironwood Funding XIV LLC | A senior secured draw down debt facility to a consumer NPL buyer to fund the purchase of charged-off consumer receivables, alongside the originator, an asset-based credit manager. | 08/01/28<sup>†</sup> | Termination | N/A |
| Northleaf Chorus Investors LP | A preferred equity transaction to a music royalties platform to support the acquisition of royalty assets in a recently established investment pool. | 03/19/30<sup>†</sup> | Termination | N/A |

---

<sup>†</sup>Termination date represents the expected maturity of underlying investments held by the entity.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Restricted Securities** | **Restricted Securities** | **Restricted Securities** | **Restricted Securities** | **Restricted Securities** |
|  | **Initial Acquisition** | **Cost ($)** | **Value ($)** | **Percent of**<br>**Net Assets (%)** |
| A2a S.P.A., 5.00% (callable at 100, 06/11/29) | 08/05/24 | 217 | 244 |  |
| AA Bond Co Limited, 6.85%, 07/31/31 | 10/23/24 | 132 | 142 |  |
| Abertis Infraestructuras Finance B.V., 4.87% (callable at 100, 11/28/29) | 02/19/25 | 444 | 481 | 0.1 |
| ABN AMRO Bank N.V., 6.38% (callable at 100, 09/22/34) | 01/28/25 | 431 | 486 | 0.1 |
| ABN AMRO Bank N.V., 6.88% (callable at 100, 09/22/31) | 01/28/25 | 447 | 505 | 0.1 |
| Accor, 7.25% (callable at 100, 01/11/29) | 12/05/23 | 232 | 260 | 0.1 |
| Ahlstrom Holding 3 Oy, 3.63%, 02/04/28 | 05/14/24 | 210 | 230 |  |
| Air France - KLM, 4.63%, 05/23/29 | 10/23/24 | 217 | 243 |  |
| Alexandrite Monnet UK HoldCo PLC, 10.50%, 05/15/29 | 07/09/24 | 225 | 259 | 0.1 |
| Allwyn Entertainment Financing (UK) PLC, 7.25%, 04/30/30 | 12/05/23 | 248 | 280 | 0.1 |
| Almaviva - The Italian Innovation Company S.P.A. In Breve Almaviva S.P.A., 5.00%, 10/30/30 | 05/21/25 | 116 | 118 |  |
| alstria office AG, 5.50%, 03/20/31 | 05/15/25 | 110 | 120 |  |
| Altice France, 4.13%, 01/15/29 | 05/22/25 | 291 | 296 | 0.1 |
| Amber FinCo PLC, 6.63%, 07/15/29 | 10/22/24 | 224 | 246 |  |
| Ambipar Lux S.a r.l., 9.88%, 02/06/31 | 05/02/25 | 240 | 234 |  |
| Angola, Government of, 9.38%, 05/08/48 | 12/01/23 | 285 | 277 | 0.1 |
| Aramark International Finance S.a r.l., 4.38%, 04/15/33 | 05/15/25 | 165 | 174 |  |
| Assemblin Caverion Group AB, 6.25%, 07/01/30 | 10/22/24 | 284 | 303 | 0.1 |
| Atos SE, 9.00%, 12/18/29 | 02/19/25 | 338 | 394 | 0.1 |
| AX Southeast Loan Investor LLC | 11/08/24 | 8000 | 8903 | 1.6 |
| Axis Bank Limited, 4.10% (callable at 100, 09/08/26) | 01/10/24 | 277 | 291 | 0.1 |
| Axonic Coinvest II, LP | 10/01/24 | 8000 | 8901 | 1.6 |
| Azelis Finance, 4.75%, 09/25/29 | 05/21/25 | 234 | 242 |  |
| B&M European Value Retail S.A., 6.50%, 11/27/31 | 02/19/25 | 190 | 207 |  |
| Banco Actinver, S.A., Institucion de Banca Multiple, Grupo Financiero Actinver, 7.25%, 01/31/41 | 06/20/25 | 201 | 201 |  |
| Banco Bilbao Vizcaya Argentaria, S.A., 6.88% (callable at 100, 12/13/30) | 01/28/25 | 438 | 499 | 0.1 |
| Banco Davivienda S A, 6.65% (callable at 100, 04/22/31) | 12/04/23 | 204 | 267 | 0.1 |
| Banco Mercantil Del Norte S.A, 6.63% (callable at 100, 01/24/32) | 12/04/23 | 197 | 199 |  |
| Banco Santander, S.A., 3.63% (callable at 100, 03/21/29) | 01/28/25 | 567 | 651 | 0.1 |
| Banque Ouest Africaine De Developpement, 4.70%, 10/22/31 | 12/04/23 | 218 | 219 |  |
| Bayer Aktiengesellschaft, 5.38%, 03/25/82 | 05/08/24 | 305 | 355 | 0.1 |
| BCP V Modular Services Finance PLC, 6.75%, 11/30/29 | 12/04/23 | 193 | 209 |  |
| Bellis Acquisition Company PLC, 8.13%, 05/14/30 | 10/23/24 | 128 | 129 |  |
| Benteler International Aktiengesellschaft, 9.38%, 05/15/28 | 12/04/23 | 112 | 123 |  |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
June 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Restricted Securities (continued)** | **Restricted Securities (continued)** | **Restricted Securities (continued)** | **Restricted Securities (continued)** | **Restricted Securities (continued)** |
|  | **Initial Acquisition** | **Cost ($)** | **Value ($)** | **Percent of**<br>**Net Assets (%)** |
| Bertrand Franchise Finance, 5.99%, 07/18/30 | 10/22/24 | 216 | 231 |  |
| Boels Topholding B.V., 6.25%, 02/15/29 | 12/05/23 | 136 | 152 |  |
| Boels Topholding B.V., 5.75%, 05/15/30 | 05/21/25 | 117 | 122 |  |
| Braskem Netherlands Finance B.V., 8.50%, 01/12/31 | 02/14/24 | 296 | 261 | 0.1 |
| British Telecommunications Public Limited Company, 8.38%, 12/20/83 | 12/04/23 | 346 | 383 | 0.1 |
| Bubbles BidCo S.p.A., 6.50%, 09/30/31 | 01/07/25 | 264 | 298 | 0.1 |
| CaixaBank, S.A., 7.50% (callable at 100, 01/16/30) | 01/28/25 | 227 | 258 | 0.1 |
| CAS Capital No. 1 Limited, 4.00% (callable at 100, 07/12/26) | 05/05/25 | 193 | 195 |  |
| Castello (BC) Bidco S.p.A., 6.84%, 11/14/31 | 05/29/25 | 155 | 161 |  |
| Castellum Aktiebolag, 3.13% (callable at 100, 12/02/26) | 10/22/24 | 260 | 288 | 0.1 |
| CD&R Firefly Bidco PLC, 8.63%, 04/30/29 | 04/14/25 | 133 | 141 |  |
| Ceconomy AG, 6.25%, 07/15/29 | 10/22/24 | 362 | 405 | 0.1 |
| Cheplapharm Arzneimittel GmbH, 7.50%, 05/15/30 | 12/06/23 | 211 | 240 |  |
| Cirsa Finance International S.a r.l., 10.38%, 11/30/27 | 12/05/23 | 299 | 334 | 0.1 |
| COMMERZBANK Aktiengesellschaft, 7.88% (callable at 100, 07/02/29) | 01/28/25 | 459 | 523 | 0.1 |
| Co-operative Group Limited, 7.50%, 07/08/26 | 12/04/23 | 333 | 360 | 0.1 |
| Coventry Building Society, 8.75% (callable at 100, 06/11/29) | 01/28/25 | 385 | 430 | 0.1 |
| CPI Property Group, 3.75% (callable at 100, 04/27/28) | 06/17/25 | 104 | 107 |  |
| CPI Property Group, 7.50% (callable at 100, 03/24/31) | 06/25/25 | 231 | 233 |  |
| CPI Property Group, 4.00%, 01/22/28 | 10/22/24 | 240 | 261 | 0.1 |
| CPI Property Group, 1.75%, 01/14/30 | 10/23/24 | 138 | 155 |  |
| CPUK Mortgage Finance Limited, 6.50%, 08/28/50 | 12/05/23 | 250 | 274 | 0.1 |
| CT Investment GmbH, 6.38%, 04/15/30 | 10/22/24 | 223 | 243 |  |
| CTEC II GmbH, 5.25%, 02/15/30 | 03/18/24 | 202 | 200 |  |
| Cullinan Holdco SCSp, 4.63%, 10/15/26 | 10/23/24 | 98 | 101 |  |
| Cutting Edge Group, 12.31%, 07/31/29 | 04/02/24 | 3180 | 3184 | 0.6 |
| Dana Financing Luxembourg S.a r.l., 8.50%, 07/15/31 | 10/23/24 | 115 | 128 |  |
| Deuce Finco PLC, 5.50%, 06/15/27 | 10/22/24 | 191 | 204 |  |
| Deutsche Bank Aktiengesellschaft, 8.13% (callable at 100, 10/30/29) | 01/28/25 | 221 | 251 | 0.1 |
| Deutsche Lufthansa Aktiengesellschaft, 5.25%, 01/15/55 | 03/06/25 | 216 | 234 |  |
| Edge Finco PLC, 8.13%, 08/15/31 | 05/21/25 | 282 | 285 | 0.1 |
| EDP, S.A., 4.75%, 05/29/54 | 07/09/24 | 333 | 361 | 0.1 |
| EDP, S.A., 5.94%, 04/23/83 | 12/04/23 | 110 | 125 |  |
| Eiger Funding (PCC) Ltd. | 02/04/25 | 10126 | 11934 | 2.1 |
| EJF CRT 2024-R1 LLC, 12.14%, 02/15/43 | 07/15/24 | 5484 | 5522 | 1.0 |
| Electricite de France, 2.63% (callable at 100, 12/01/27) | 06/03/24 | 600 | 686 | 0.1 |
| Electricite de France, 7.50% (callable at 100, 09/06/28) | 12/04/23 | 228 | 259 | 0.1 |
| Elior Group, 5.63%, 03/15/30 | 05/15/25 | 225 | 240 |  |
| Elo, 6.00%, 03/22/29 | 03/06/25 | 101 | 109 |  |
| Energizer Gamma Acquisition B.V., 3.50%, 06/30/29 | 10/23/24 | 103 | 112 |  |
| Engineering S.R.L., 11.13%, 05/15/28 | 05/21/25 | 120 | 124 |  |
| Ephios Subco 3 S.a r.l., 7.88%, 01/31/31 | 10/22/24 | 353 | 380 | 0.1 |
| Eroski Sociedad Cooperativa, 10.63%, 04/30/29 | 10/22/24 | 343 | 379 | 0.1 |
| Erste Group Bank AG, 7.00% (callable at 100, 04/15/31) | 01/28/25 | 443 | 498 | 0.1 |
| Eurofins Scientific SE, 6.75% (callable at 100, 04/24/28) | 10/22/24 | 336 | 376 | 0.1 |
| Eutelsat SA, 2.25%, 07/13/27 | 03/06/25 | 199 | 229 |  |
| Fedrigoni S.P.A., 6.13%, 06/15/31 | 07/09/24 | 374 | 394 | 0.1 |
| Flora Food Management B.V., 6.88%, 07/02/29 | 10/22/24 | 279 | 299 | 0.1 |
| Flos B&b Italia S.P.A., 5.85%, 12/15/29 | 05/29/25 | 194 | 197 |  |
| Flutter Treasury Designated Activity Company, 5.00%, 04/29/29 | 10/23/24 | 166 | 183 |  |
| FNAC Darty, 6.00%, 04/01/29 | 10/23/24 | 112 | 123 |  |
| Food Service Project SL, 5.50%, 01/21/27 | 12/05/23 | 177 | 192 |  |
| Fortune Star (BVI) Limited, 5.00%, 05/18/26 | 02/19/25 | 196 | 196 |  |
| Fortune Star (BVI) Limited, 5.05%, 01/27/27 | 11/29/24 | 315 | 317 | 0.1 |
| Forvia, 5.50%, 06/15/31 | 06/20/24 | 275 | 290 | 0.1 |
| Fresnillo PLC, 4.25%, 10/02/50 | 03/17/25 | 145 | 144 |  |
| Fressnapf Holding SE, 5.25%, 10/31/31 | 01/07/25 | 267 | 297 | 0.1 |
| FWD ProInsure Limited, 8.05% (callable at 100, 12/15/25) | 02/24/25 | 201 | 201 |  |
| Globalworth Real Estate Investments Limited, 6.25%, 03/31/30 | 01/09/25 | 291 | 338 | 0.1 |
| Gobierno de la Provincia de Buenos Aires, 6.63%, 09/01/37 | 05/27/25 | 746 | 742 | 0.1 |
| Gobierno de la Republica de Guatemala, 6.60%, 06/13/36 | 12/01/23 | 753 | 775 | 0.1 |
| Gobierno De La Republica De Honduras, 8.63%, 11/27/34 | 05/20/25 | 608 | 630 | 0.1 |
| Gobierno de la Republica del Ecuador, 6.90%, 07/31/30 | 08/13/24 | 435 | 510 | 0.1 |
| Gobierno de la Republica del Ecuador, 5.50%, 07/31/35 | 10/22/24 | 372 | 455 | 0.1 |
| Government of Commonwealth of the Bahamas, 8.25%, 06/24/36 | 06/17/25 | 360 | 368 | 0.1 |
| Government of the Republic of Serbia, 2.05%, 09/23/36 | 10/22/24 | 311 | 334 | 0.1 |
| Government of the Republic of Zambia, 5.75%, 06/30/33 | 06/14/24 | 438 | 443 | 0.1 |
| Government of the Republic of Zambia, 0.50%, 12/31/53 | 06/14/24 | 228 | 285 | 0.1 |
| Greenko Power II Limited, 4.30%, 12/13/28 | 02/19/25 | 157 | 157 |  |
| Greentown China Holdings Limited, 8.45%, 02/24/28 | 02/19/25 | 201 | 203 |  |
| Grifols Escrow Issuer S.A., 3.88%, 10/15/28 | 09/03/24 | 205 | 225 |  |
| Grifols, S.A., 7.50%, 05/01/30 | 10/22/24 | 339 | 369 | 0.1 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
June 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Restricted Securities (continued)** | **Restricted Securities (continued)** | **Restricted Securities (continued)** | **Restricted Securities (continued)** | **Restricted Securities (continued)** |
|  | **Initial Acquisition** | **Cost ($)** | **Value ($)** | **Percent of**<br>**Net Assets (%)** |
| Grunenthal GmbH, 4.63%, 11/15/31 | 02/17/25 | 316 | 355 | 0.1 |
| Grupo Antolin-Irausa SA, 10.38%, 01/30/30 | 10/22/24 | 95 | 82 |  |
| Guala Closures S.p.A., 3.25%, 06/15/28 | 12/04/23 | 192 | 215 |  |
| HCM 2021-1, LLC | 09/18/24 | 11961 | 12644 | 2.3 |
| Heimstaden AB, 6.75% (callable at 100, 10/15/26) | 10/22/24 | 68 | 90 |  |
| Heimstaden Bostad AB, 3.63% (callable at 100, 10/13/26) | 12/04/23 | 224 | 402 | 0.1 |
| Heimstaden Bostad AB, 4.38%, 03/06/27 | 02/17/25 | 202 | 228 |  |
| Heimstaden Bostad AB, 1.63%, 10/13/31 | 10/22/24 | 92 | 102 |  |
| Holding D'infrastructures Des Metiers De L'environnement, 4.88%, 10/24/29 | 02/19/25 | 343 | 366 | 0.1 |
| HT Troplast GmbH, 9.38%, 07/15/28 | 05/22/25 | 117 | 124 |  |
| IHO Verwaltungs GmbH, 8.75%, 05/15/28 | 10/22/24 | 287 | 308 | 0.1 |
| IHS Holding Limited, 8.25%, 11/29/31 | 03/04/25 | 200 | 202 |  |
| Iliad Holding, 6.88%, 04/15/31 | 02/19/25 | 455 | 502 | 0.1 |
| INEOS Quattro Finance 2 plc, 8.50%, 03/15/29 | 10/23/24 | 57 | 59 |  |
| INEOS Quattro Finance 2 plc, 6.75%, 04/15/30 | 02/24/25 | 108 | 109 |  |
| Intesa Sanpaolo SPA, 7.00% (callable at 100, 05/20/32) | 01/28/25 | 448 | 504 | 0.1 |
| IQVIA Inc., 2.25%, 01/15/28 | 05/21/25 | 220 | 229 |  |
| Ironwood Funding XIV LLC | 08/23/24 | 2569 | 2536 | 0.5 |
| Ironwood Funding XIV LLC | 03/31/25 |  |  |  |
| Jaguar Land Rover Automotive PLC, 4.50%, 07/15/28 | 05/21/25 | 229 | 238 |  |
| Joint Stock Company National Company Kazmunaygas, 3.50%, 04/14/33 | 12/04/23 | 319 | 336 | 0.1 |
| Kier Group PLC, 9.00%, 02/15/29 | 02/19/25 | 132 | 145 |  |
| Koninklijke KPN N.V., 6.00% (callable at 100, 09/21/27) | 02/19/25 | 110 | 125 |  |
| Kronos International, Inc., 9.50%, 03/15/29 | 10/22/24 | 291 | 314 | 0.1 |
| Landesbank Baden-Wurttemberg, 6.75% (callable at 100, 10/15/30) | 01/28/25 | 207 | 237 |  |
| Lorca Telecom Bondco SA., 4.00%, 09/18/27 | 12/05/23 | 439 | 471 | 0.1 |
| Loxama, 6.38%, 05/31/29 | 03/18/24 | 223 | 245 |  |
| Lune Holdings S.a r.l., 5.63%, 11/15/28 | 10/22/24 | 139 | 71 |  |
| Maison Finco PLC, 6.00%, 10/31/27 | 04/30/24 | 243 | 271 | 0.1 |
| Manuchar, 7.25%, 06/30/27 | 02/19/25 | 220 | 239 |  |
| Market Bidco Finco PLC, 5.50%, 11/04/27 | 05/21/25 | 131 | 134 |  |
| MCE Finance Limited, 5.75%, 07/21/28 | 12/04/23 | 360 | 372 | 0.1 |
| Miller Homes Group (Finco) PLC, 7.00%, 05/15/29 | 02/16/24 | 402 | 445 | 0.1 |
| Minerva Luxembourg S.A., 8.88%, 09/13/33 | 12/01/23 | 343 | 357 | 0.1 |
| Monitchem Holdco 3 S.A., 8.75%, 05/01/28 | 10/22/24 | 165 | 178 |  |
| Motel One GmbH, 7.75%, 04/02/31 | 05/21/25 | 121 | 126 |  |
| Motion Finco S.a r.l., 7.38%, 06/15/30 | 10/22/24 | 161 | 164 |  |
| MPT Operating Partnership, L.P., 7.00%, 02/15/32 | 05/14/25 | 114 | 120 |  |
| Multiversity S.p.A., 6.44%, 10/30/28 | 10/23/24 | 109 | 118 |  |
| Nationwide Building Society, 7.50% (callable at 100, 12/20/30) | 01/28/25 | 376 | 415 | 0.1 |
| Neopharmed Gentili S.p.A., 7.13%, 04/08/30 | 06/20/24 | 110 | 123 |  |
| Nexans, 4.25%, 03/11/30 | 03/06/25 | 219 | 243 |  |
| Nidda Healthcare Holding GmbH, 5.63%, 02/21/30 | 05/21/25 | 347 | 360 | 0.1 |
| Nigeria, Federal Government of, 8.75%, 01/21/31 | 12/01/23 | 569 | 591 | 0.1 |
| Nigeria, Federal Government of, 7.70%, 02/23/38 | 06/04/25 | 655 | 674 | 0.1 |
| Nigeria, Federal Government of, 8.25%, 09/28/51 | 03/27/24 | 166 | 166 |  |
| Northleaf Chorus Investors LP | 03/27/25 | 1366 | 1425 | 0.3 |
| Northleaf Chorus Investors LP | 03/31/25 |  |  |  |
| Ocado Group PLC, 10.50%, 08/08/29 | 10/22/24 | 193 | 200 |  |
| Odido Group Holding B.V., 5.50%, 01/15/30 | 12/06/23 | 139 | 156 |  |
| Olympus Water US Holding Corporation, 9.63%, 11/15/28 | 12/05/23 | 334 | 370 | 0.1 |
| Ontex Group, 5.25%, 04/15/30 | 05/21/25 | 116 | 120 |  |
| Optics BidCo S.p.A., 6.88%, 02/15/28 | 10/23/24 | 231 | 251 | 0.1 |
| Orsted A/S, 5.13% (callable at 100, 09/14/29) | 02/05/25 | 266 | 298 | 0.1 |
| Orsted A/S, 5.25%, 12/08/22 | 04/22/24 | 166 | 179 |  |
| Pachelbel BidCo S.p.A., 7.13%, 05/17/31 | 10/23/24 | 57 | 63 |  |
| PCF GmbH, 4.75%, 04/15/29 | 10/22/24 | 142 | 146 |  |
| People's Government of Inner Mongolia Autonomous Region, 7.88%, 06/05/29 | 12/06/23 | 321 | 322 | 0.1 |
| Peu (Fin) PLC, 7.25%, 07/01/28 | 03/18/24 | 279 | 305 | 0.1 |
| Pinewood Finco PLC, 6.00%, 03/27/30 | 05/29/25 | 195 | 196 |  |
| Pinnacle Bidco PLC, 10.00%, 10/11/28 | 12/05/23 | 263 | 290 | 0.1 |
| Playtech PLC, 5.88%, 06/28/28 | 12/04/23 | 283 | 314 | 0.1 |
| Presidence de la Republique de Cote d'Ivoire, 4.88%, 01/30/32 | 12/04/23 | 893 | 1010 | 0.2 |
| Presidence de la Republique de Cote d'Ivoire, 6.63%, 03/22/48 | 12/04/23 | 961 | 1065 | 0.2 |
| Presidencia de la Republica de El Salvador, 9.50%, 07/15/52 | 12/01/23 | 619 | 677 | 0.1 |
| Presidencia de la Republica Dominicana, 7.05%, 02/03/31 | 12/01/23 | 567 | 578 | 0.1 |
| Presidencia de la Republica Dominicana, 6.85%, 01/27/45 | 12/01/23 | 518 | 531 | 0.1 |
| Primo Water Holdings Inc., 3.88%, 10/31/28 | 02/14/25 | 156 | 176 |  |
| Progroup AG, 5.38%, 04/15/31 | 10/22/24 | 312 | 350 | 0.1 |
| Prosus N.V., 3.83%, 02/08/51 | 12/04/23 | 237 | 250 | 0.1 |
| Proximus, 4.75% (callable at 100, 07/02/31) | 02/05/25 | 210 | 235 |  |
| Q-Park Holding I B.V., 5.13%, 03/01/29 | 10/23/24 | 111 | 121 |  |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
June 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Restricted Securities (continued)** | **Restricted Securities (continued)** | **Restricted Securities (continued)** | **Restricted Securities (continued)** | **Restricted Securities (continued)** |
|  | **Initial Acquisition** | **Cost ($)** | **Value ($)** | **Percent of**<br>**Net Assets (%)** |
| RAC Bond Co PLC, 5.25%, 11/04/27 | 12/06/23 | 241 | 269 | 0.1 |
| Rakuten Group, Inc., 4.25% (callable at 100, 04/22/27) | 10/22/24 | 190 | 221 |  |
| Ray Financing LLC, 6.50%, 07/15/31 | 10/22/24 | 335 | 369 | 0.1 |
| Romania, Government of, 6.38%, 09/18/33 | 12/04/23 | 1582 | 1710 | 0.3 |
| Roquette Freres, 5.49% (callable at 100, 11/25/29) | 02/05/25 | 106 | 119 |  |
| Rossini S.a r.l., 6.75%, 12/31/29 | 05/21/25 | 119 | 124 |  |
| Sappi Papier Holding GmbH, 4.50%, 03/15/32 | 05/21/25 | 111 | 116 |  |
| Schaeffler AG, 4.50%, 03/28/30 | 05/23/24 | 548 | 588 | 0.1 |
| Sierracol Energy Andina, LLC, 6.00%, 06/15/28 | 12/04/23 | 490 | 509 | 0.1 |
| Snf Group, 4.50%, 03/15/32 | 05/21/25 | 116 | 121 |  |
| Synthomer PLC, 7.38%, 05/02/29 | 10/23/24 | 225 | 233 |  |
| TAP–Transportes Aereos Portugueses, SGPS, S.A., 5.13%, 11/15/29 | 02/05/25 | 217 | 236 |  |
| Telecom Italia S.p.A., 7.88%, 07/31/28 | 07/09/24 | 236 | 264 | 0.1 |
| Telefonica Europe B.V., 5.75% (callable at 100, 01/15/32) | 04/30/24 | 215 | 244 |  |
| Telefonica Europe B.V., 6.14% (callable at 100, 02/03/30) | 02/19/25 | 112 | 126 |  |
| Telefonica Europe B.V., 6.75% (callable at 100, 06/07/31) | 10/23/24 | 239 | 259 | 0.1 |
| Teva Pharmaceutical Finance Netherlands II B.V., 4.38%, 05/09/30 | 10/22/24 | 542 | 598 | 0.1 |
| The Arab Republic of Egypt, 8.70%, 03/01/49 | 09/23/24 | 1004 | 1022 | 0.2 |
| The Democratic Socialist Republic of Sri Lanka, 4.00%, 04/15/28 | 12/27/24 | 220 | 218 |  |
| The Democratic Socialist Republic of Sri Lanka, 3.10%, 01/15/30 | 12/27/24 | 196 | 208 |  |
| The Democratic Socialist Republic of Sri Lanka, 3.35%, 03/15/33 | 12/27/24 | 348 | 367 | 0.1 |
| The Democratic Socialist Republic of Sri Lanka, 3.60%, 02/15/38 | 12/27/24 | 326 | 347 | 0.1 |
| TK Elevator Holdco GmbH, 6.63%, 07/15/28 | 10/22/24 | 291 | 318 | 0.1 |
| Turkiye Vakiflar Bankasi T.A.O., 9.00%, 10/12/28 | 12/04/23 | 346 | 360 | 0.1 |
| TVL Finance PLC, 10.25%, 04/28/28 | 12/05/23 | 198 | 205 |  |
| UGI International, LLC, 2.50%, 12/01/29 | 10/23/24 | 101 | 110 |  |
| Unicredit, Societa' Per Azioni In Forma Abbreviata Unicredit S.P.A., 3.88% (callable at 100, 06/03/27) | 10/23/24 | 205 | 231 |  |
| Unicredit, Societa' Per Azioni In Forma Abbreviata Unicredit S.P.A., 6.50% (callable at 100, 12/03/31) | 01/28/25 | 326 | 371 | 0.1 |
| United Group B.V., 5.25%, 02/01/30 | 12/04/23 | 200 | 235 |  |
| United Group B.V., 6.75%, 02/15/31 | 10/23/24 | 164 | 181 |  |
| Upgrade Master Pass-Thru Trust Series 2025-ST1, Series 2025-CRT1-ST1, 0.00%, 04/15/32 | 03/31/25 | 9927 | 9477 | 1.7 |
| Valeo, 4.50%, 04/11/30 | 02/19/25 | 437 | 468 | 0.1 |
| Vedanta Resources Limited, 10.88%, 09/17/29 | 02/03/25 | 258 | 260 | 0.1 |
| Veolia Environnement, 2.50% (callable at 100, 01/20/29) | 02/19/25 | 315 | 337 | 0.1 |
| Verisure Holding AB, 3.25%, 02/15/27 | 04/24/24 | 316 | 350 | 0.1 |
| Verisure Midholding AB, 5.25%, 02/15/29 | 10/22/24 | 323 | 355 | 0.1 |
| Vertical Midco GmbH, 4.38%, 07/15/27 | 12/04/23 | 171 | 188 |  |
| Virgin Media Vendor Financing Notes III Designated Activity Company, 4.88%, 07/15/28 | 12/04/23 | 413 | 457 | 0.1 |
| VMED O2 UK Financing I PLC, 5.63%, 04/15/32 | 02/19/25 | 106 | 121 |  |
| Vodafone Group Public Limited Company, 3.00%, 08/27/80 | 12/04/23 | 295 | 338 | 0.1 |
| VTR Finance N.V., 6.38%, 07/15/28 | 10/16/24 | 384 | 383 | 0.1 |
| Waga Bondco Limited, 8.50%, 06/15/30 | 05/29/25 | 153 | 153 |  |
| We Soda Investments Holding PLC, 9.50%, 10/06/28 | 12/04/23 | 303 | 313 | 0.1 |
| Wintershall Dea GmbH, 3.00% (callable at 100, 07/20/28) | 12/05/23 | 289 | 331 | 0.1 |
| Zegona Finance PLC, 6.75%, 07/15/29 | 02/19/25 | 110 | 125 |  |
| ZF Friedrichshafen AG, 2.25%, 05/03/28 | 03/06/25 | 201 | 213 |  |
| ZF Friedrichshafen AG, 3.75%, 09/21/28 | 02/06/24 | 104 | 109 |  |
| ZF Friedrichshafen AG, 6.13%, 03/13/29 | 06/10/25 | 227 | 231 |  |
| ZF Friedrichshafen AG, 3.00%, 10/23/29 | 10/23/24 | 97 | 102 |  |
| Ziggo B.V., 2.88%, 01/15/30 | 05/19/25 | 104 | 110 |  |
| Ziggo Bond Company B.V., 3.38%, 02/28/30 | 10/23/24 | 98 | 102 |  |
| Zorlu Enerji Elektrik Uretim Anonim Sirketi, 11.00%, 04/23/30 | 03/28/25 | 193 | 185 |  |
|  |  | 119614 | 128281 | 22.9 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Investments in Affiliates** | **Investments in Affiliates** | **Investments in Affiliates** | **Investments in Affiliates** | **Investments in Affiliates** | **Investments in Affiliates** | **Investments in Affiliates** | **Investments in Affiliates** | **Investments in Affiliates** |
| **Affiliated Investment** | **Value Beginning of Period($)** | **Purchases($)** | **Sales Proceeds($)** | **Dividend Income/ Distributions from Funds($)** | **Realized Gain (Loss)($)** | **Change in Unrealized Appreciation (Depreciation) ($)** | **Value End of Period($)** | **Percentage of Net Assets(%)** |
| JNL Government Money Market Fund, 4.20% - Class I | 886 | 65142 | 43340 | 190 |  |  | 22688 | 4.1 |
| JNL Government Money Market Fund, 4.30% - Class SL | 500 | 791 | 1291 | 3 |  |  |  |  |
|  | 1386 | 65933 | 44631 | 193 |  |  | 22688 | 4.1 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
June 30, 2025

---

| | |
|:---|:---|
| **Summary of Investments by Country^** | **Total Long Term Investments** |
| **United States of America** | 63.7% |
| **Bermuda** | 10.6 |
| **Cayman Islands** | 5.6 |
| **United Kingdom** | 4.7 |
| **Germany** | 2.0 |
| **France** | 1.4 |
| **Spain** | 0.9 |
| **Italy** | 0.7 |
| **Jersey** | 0.7 |
| **Netherlands** | 0.7 |
| **Canada** | 0.6 |
| **Australia** | 0.6 |
| **Argentina** | 0.5 |
| **Mexico** | 0.5 |
| **Ireland** | 0.4 |
| **Colombia** | 0.4 |
| **Brazil** | 0.4 |
| **Sweden** | 0.4 |
| **Cote D'Ivoire** | 0.4 |
| **Romania** | 0.4 |
| **Nigeria** | 0.3 |
| **Switzerland** | 0.3 |
| **South Africa** | 0.3 |
| **Sri Lanka** | 0.2 |
| **Dominican Republic** | 0.2 |
| **Belgium** | 0.2 |
| **Czech Republic** | 0.2 |
| **Chile** | 0.2 |
| **Egypt** | 0.2 |
| **Ecuador** | 0.2 |
| **Turkey** | 0.2 |
| **Guatemala** | 0.1 |
| **Zambia** | 0.1 |
| **Portugal** | 0.1 |
| **China** | 0.1 |
| **India** | 0.1 |
| **El Salvador** | 0.1 |
| **Honduras** | 0.1 |
| **Austria** | 0.1 |
| **Israel** | 0.1 |
| **Denmark** | 0.1 |
| **Angola** | 0.1 |
| **Ghana** | 0.1 |
| **Hong Kong** | 0.1 |
| **Peru** | 0.1 |
| **Macau** | 0.1 |
| **Bahamas** | 0.1 |
| **Kazakhstan** | 0.1 |
| **Serbia** | 0.1 |
| **Mongolia** | 0.1 |
| **South Korea** |  |
| **Finland** |  |
| **Panama** |  |
| **Japan** |  |
| **Multi-National** |  |
| **Luxembourg** |  |
| **Estonia** |  |
|  | **100.0%** |
| ^A country table is presented as a percentage of the Fund's total long term investments because its strategy includes investment in non-U.S. securities as deemed significant by the Fund's Adviser. | ^A country table is presented as a percentage of the Fund's total long term investments because its strategy includes investment in non-U.S. securities as deemed significant by the Fund's Adviser. |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** |
| **Reference Entity** | **Contracts<sup>1</sup>** | **Expiration** | **Notional<sup>1</sup>** | **Notional<sup>1</sup>** | **Variation**<br>**Margin**<br>**Receivable**<br>(Payable) ($) | **Value/**<br>**Unrealized**<br>**Appreciation**<br>(Depreciation) ($) |
| **Long Contracts** | **Long Contracts** | **Long Contracts** | **Long Contracts** | **Long Contracts** | **Long Contracts** | **Long Contracts** |
| Euro Buxl 30 Year Bond | 1 | September 2025 | EUR | 121 |  | (2) |
| United States 10 Year Note | 326 | September 2025 |  | 35802 | 102 | 751 |
| United States 10 Year Ultra Bond | 216 | September 2025 |  | 24189 | 105 | 492 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
June 30, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Futures Contracts (continued)** | **Futures Contracts (continued)** | **Futures Contracts (continued)** | **Futures Contracts (continued)** | **Futures Contracts (continued)** | **Futures Contracts (continued)** | **Futures Contracts (continued)** |
| **Reference Entity** | **Contracts<sup>1</sup>** | **Expiration** | **Notional<sup>1</sup>** | **Notional<sup>1</sup>** | **Variation**<br>**Margin**<br>**Receivable**<br>(Payable) ($) | **Value/**<br>**Unrealized**<br>**Appreciation**<br>(Depreciation) ($) |
| United States 5 Year Note | 972 | October 2025 |  | 104631 | 129 | 1317 |
|  |  |  |  |  | 336 | 2558 |
| **Short Contracts** | **Short Contracts** | **Short Contracts** | **Short Contracts** | **Short Contracts** | **Short Contracts** | **Short Contracts** |
| Euro BOBL | (98) | September 2025 | EUR | (11575) | (9) | 48 |
| Euro Bund | (43) | September 2025 | EUR | (5630) | (2) | 39 |
| Euro OAT | (18) | September 2025 | EUR | (2243) | (1) | 16 |
| Euro Schatz | (31) | September 2025 | EUR | (3330) | (1) | 6 |
| Long Gilt | (10) | September 2025 | GBP | (906) | (1) | (33) |
| United States 2 Year Note | (29) | October 2025 |  | (6006) | (2) | (26) |
| United States Ultra Bond | (42) | September 2025 |  | (4813) | (57) | (191) |
|  |  |  |  |  | (73) | (141) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Forward Foreign Currency Contracts** | **Forward Foreign Currency Contracts** | **Forward Foreign Currency Contracts** | **Forward Foreign Currency Contracts** | **Forward Foreign Currency Contracts** | **Forward Foreign Currency Contracts** | **Forward Foreign Currency Contracts** |
| **Purchased/Sold** | **Counterparty** | **Expiration** | **Notional<sup>1</sup>** | **Notional<sup>1</sup>** | **Value ($)** | **Unrealized**<br>**Appreciation**<br>(Depreciation) ($) |
| EUR/GBP | CIT | 07/16/25 | GBP | (87) | (120) |  |
| EUR/USD | GSC | 07/16/25 | EUR | 11475 | 13531 | 923 |
| EUR/USD | SCB | 07/16/25 | EUR | 310 | 366 | 12 |
| GBP/USD | SCB | 07/16/25 | GBP | 6014 | 8255 | 583 |
| USD/EUR | SCB | 07/16/25 | EUR | (4351) | (5131) | (196) |
| USD/EUR | SSB | 07/16/25 | EUR | (44809) | (52836) | (3608) |
| USD/GBP | CIT | 07/16/25 | GBP | (381) | (523) | (11) |
| USD/GBP | SCB | 07/16/25 | GBP | (1077) | (1478) | (9) |
| USD/GBP | SSB | 07/16/25 | GBP | (17601) | (24161) | (1711) |
|  |  |  |  |  | (62097) | (4017) |

---

------

#### Jackson Credit Opportunities Fund

#### Notes to Schedule of Investments (in thousands)
June 30, 2025

<sup>1</sup> Rounded par and notional amounts are listed in USD unless otherwise noted. Futures are quoted in unrounded number of contracts. Private Funds can represent number of shares issued or contributed capital to date.

#### Currency Abbreivations:
EUR - European Currency Unit (Euro)

GBP - British Pound

USD - United States Dollar

#### Abbreviations :
"-" Amount rounds to less than one thousand or 0.05%<br>CLO - Collateralized Loan Obligation<br>EURIBOR - Europe Interbank Offered Rate<br>LLC/L.L.C - Limited Liability Company<br>PLC/P.L.C. - Public Limited Company<br>REMIC - Real Estate Mortgage Investment Conduit<br>SOFR - Secured Overnight Financing Rates<br>S.p.A/S.P.A - Joint-Stock Company<br>US/U.S. - United States<br>

#### Counterparty Abbreviations :
<br> CIT - Citibank, IncGSC - Goldman Sachs & Co.SCB - Standard Chartered Bank <br> SSB - State Street Brokerage Services, Inc.

**Security Valuation.** Under the Fund's valuation policy and procedures ("Valuation Policies and Procedures"), the Fund's Board of Trustees ("Board" or "Trustees") has designated to the Adviser the responsibility for carrying out certain functions relating to the valuation of portfolio securities for the purpose of determining the NAV of the Fund. The Adviser has established a Valuation Committee (the "Valuation Committee") that is charged with the responsibilities set forth in the Valuation Policies and Procedures. The Valuation Committee is responsible for determining fair valuations for any security for which market quotations are not readily available. For those securities fair valued under procedures approved by the Board, the Valuation Committee reviews and affirms the reasonableness of the fair valuation determinations after considering all relevant information that is reasonably available. The Valuation Committee's fair valuation determinations are subject to review by the Board.

The NAV of the Fund's shares is generally determined once each day on which the New York Stock Exchange ("NYSE") is open, at the close of the regular trading session of the NYSE (normally, 4:00 PM Eastern Time, Monday through Friday). The NAV of the Fund's shares may also not be determined on days designated by the Board or on days designated by the SEC. However, consistent with legal requirements, calculation of the Fund's NAV may be suspended on days determined by the Board during times of NYSE market closure, which may include times during which the SEC issues policies or protocols associated with such closure pursuant to Section 22(e) of the 1940 Act. In the event that the NYSE is closed unexpectedly or opens for trading but closes earlier than scheduled, the Fund's Valuation Committee will evaluate if trading activity on other U.S. exchanges and markets for equity securities is considered reflective of normal market activity. To the extent an NYSE closure is determined to be accompanied by a disruption of normal market activity, the Valuation Committee may utilize the time the NYSE closed for purposes of measuring and calculating the Fund's NAV. To the extent an NYSE closure is determined to not have resulted in a disruption of normal market activity, the Valuation Committee may utilize the time the NYSE was scheduled to close for purposes of measuring and calculating the Fund's NAV.

Equity securities are generally valued at the official closing price of the exchange where the security is principally traded. If there is no official closing price for the security on the valuation date, the security may be valued at the most recent sale or quoted bid price prior to close. Stocks not listed on a national or foreign stock exchange may be valued at the closing bid price on the over the counter ("OTC") market. Investments in mutual funds are valued at the NAV per share determined as of the close of the NYSE on each valuation date. Debt obligations with remaining maturities of 60 days or less, and that did not receive a price from a third-party pricing service, or it is determined that such valuation from the pricing service does not approximate fair value, may be valued at their amortized cost, unless it is determined that such practice does not approximate fair value. Debt and derivative securities are generally valued by independent pricing services approved by the Board. Pricing services utilized to value debt and derivative instruments may use various pricing techniques which take into account appropriate factors such as: yield; credit quality; coupon rate; maturity; type of issue; trading characteristics; call features; credit ratings; broker quotes; tranche seniority; catastrophe perils and loss estimates; maturity extensions; and other relevant data. Term loans are generally valued at the composite bid prices provided by approved pricing services. Private Investment Funds ("Private Funds") are generally valued using the latest NAV reported by the third-party fund manager or General Partner ("GP") as a practical expedient to estimate the fair value of such interests. The NAV and other information provided by a GP is reviewed for reasonableness based on knowledge of current market conditions and the individual characteristics of each Private Fund. If market information indicates that the NAV is not as of the measurement date, not calculated in a manner consistent with FASB ASC Topic 946 ("Topic 946"), or otherwise not reflective of the current value, best efforts shall be used to adjust the relevant Private Fund's NAV in a manner consistent with the measurement principals of Topic 946, which could include adjusting the Private Fund's NAV based on a proxy or investment model which is correlated to the underlying investment return. Private debt is generally fair valued according to procedures approved by the Board, which take into account factors such as the size of the holding, the nature and duration of the securities and the volume and depth of trading, among others. Futures contracts traded on an exchange are generally valued at the exchange's settlement price. If the settlement price is not available, exchange traded futures are valued at the last sales price as of the close of business on the primary exchange. Options traded on an exchange are generally valued at the last traded price as of the close of business on the local exchange. If the last trade is determined to not be representative of fair value, exchange traded options are valued at the current day's mid-price. Forward foreign currency contracts are generally valued at the foreign currency exchange rate as of the close of the NYSE. If pricing services are unable to provide valuations, OTC derivatives are valued at the most recent bid

------

#### Jackson Credit Opportunities Fund

#### Notes to Schedule of Investments (in thousands)
June 30, 2025

quotation or evaluated price, as applicable, obtained from a broker/dealer or by pricing models using observable inputs. Swap agreements that clear on exchanges are valued at the most recent bid quotation or evaluated price, as applicable, obtained from pricing models or by the clearing exchange using observable inputs.

Market quotations may not be readily available for certain investments or it may be determined that a quotation of an investment does not represent fair value. In such instances, the investment is valued as determined in good faith using procedures approved by the Board, which take into account factors such as the size of the holding, the nature and duration of the securities and the volume and depth of trading, among others. Situations that may require an investment to be fair valued may include instances where a security is thinly traded, halted or restricted as to resale. In addition, investments may be fair valued based on the occurrence of a significant event. Significant events may be specific to a particular issuer, such as mergers, restructurings or defaults. Alternatively, significant events may affect an entire market, such as natural disasters, government actions, and significant changes in the value of U.S. securities markets. Securities are fair valued based on observable and unobservable inputs, including the Adviser's or Valuation Committee's own assumptions in determining the fair value of an investment. Under the procedures approved by the Board, the Adviser may utilize pricing services or other sources, including the Fund's Sub-Adviser, to assist in determining the fair value of an investment. A market-based approach may be utilized whereby related or comparable assets or liabilities, recent transactions, market multiples, book values and other inputs may be considered in determining fair value. An income-based valuation approach may also be used in which the anticipated future cash flows of the asset or liability are discounted to calculate fair value. Inputs considered to determine fair value may include fundamental analytical data relating to the security; the nature and duration of restrictions, if any, on the disposition of the security; trading volume on markets, exchanges, or among dealers; evaluation of the forces which influence the market in which the security is traded; the type of security; the financial statements of the issuer, or other financial information about the issuer; the cost of the security at its date of purchase; the size of the Fund's holding; the discount from market value of unrestricted securities of the same class, if applicable, at the time of purchase or at a later date; reports prepared by analysts; information as to any transactions in, or offers for, the security; the existence of any merger proposal, tender offer or other extraordinary event relating to the security; the price and extent of public or dealer trading in similar securities or derivatives of the issuer or of comparable companies; trading in depositary receipts; foreign currency exchange activity; changes in the interest rate environment; trading prices of financial products that are tied to baskets of foreign securities; and any other matters considered relevant.

If an investment is valued at a fair value for purposes of calculating the Fund's NAV, the value may be different from the last quoted price for the investment depending on the source and method used to determine the value. Although there can be no assurance, in general, the fair value of the investment is the amount the owner of such investment might reasonably expect to receive in an orderly transaction between market participants upon its current sale.

#### FAIR VALUE MEASUREMENT
FASB ASC Topic 820 establishes a single authoritative definition of fair value, sets out a framework for measuring fair value and requires additional disclosures about fair value measurements. Various inputs are used in determining the value of the Fund's investments under this guidance. The inputs are summarized into three broad categories:

Level 1 includes quoted prices (unadjusted) in active markets for identical investments that the Fund can access at the measurement date.

Level 2 includes other significant observable inputs (including fair value factors, quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

Level 3 includes significant unobservable inputs, to the extent observable inputs are not available, including the Adviser's own assumptions in determining the fair value of investments.

Inputs used in the determination of the fair value level of Level 3 securities, which were deemed to be material, are disclosed within the notes below and are not necessarily an indication of the risk associated with investing in those securities.

The following table summarizes the Fund's investments in securities and other financial instruments (in thousands) as of June 30, 2025 by valuation level.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **. Level 1 ($) .** | **. Level 2 ($) .** | **. Level 3 ($) .** | **Other ($)<sup>1</sup>** | **. Total ($) .** |
| **Assets - Securities** |  |  |  |  |  |
| &nbsp;&nbsp;Senior Floating Rate Instruments |  | 170259 | 9096 |  | 179355 |
| &nbsp;&nbsp;Corporate Bonds And Notes |  | 138060 |  |  | 138060 |
| &nbsp;&nbsp;Catastrophe Bonds |  | 81342 |  |  | 81342 |
| &nbsp;&nbsp;Direct Access Lending<sup>2</sup> |  |  | 18189 | 46343 | 64532 |
| &nbsp;&nbsp;Non-U.S. Government Agency Asset-Backed Securities |  | 56811 | 898 |  | 57709 |
| &nbsp;&nbsp;Government And Agency Obligations |  | 21511 |  |  | 21511 |
| &nbsp;&nbsp;Short Term Investments | 22688 |  |  |  | 22688 |
|  | 22688 | 467983 | 28183 | 46343 | 565197 |
| **Liabilities - Securities** | **Liabilities - Securities** | **Liabilities - Securities** | **Liabilities - Securities** | **Liabilities - Securities** | **Liabilities - Securities** |
| &nbsp;&nbsp;Senior Floating Rate Instruments<sup>2</sup> |  | (1) |  |  | (1) |
|  |  | (1) |  |  | (1) |
| **Assets - Investments in Other Financial Instruments<sup>3</sup>** |  |  |  |  |  |
| &nbsp;&nbsp;Futures Contracts | 2669 |  |  |  | 2669 |
| &nbsp;&nbsp;Open Forward Foreign Currency Contracts |  | 1518 |  |  | 1518 |
|  | 2669 | 1518 |  |  | 4187 |

---

------

#### Jackson Credit Opportunities Fund

#### Notes to Schedule of Investments (in thousands)
June 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **. Level 1 ($) .** | **. Level 2 ($) .** | **. Level 3 ($) .** | **Other ($)<sup>1</sup>** | **. Total ($) .** |
| (continued) | (continued) | (continued) | (continued) | (continued) | (continued) |
| **Liabilities - Investments in Other Financial Instruments<sup>3</sup>** |  |  |  |  |  |
| &nbsp;&nbsp;Futures Contracts | (252) |  |  |  | (252) |
| &nbsp;&nbsp;Open Forward Foreign Currency Contracts |  | (5535) |  |  | (5535) |
|  | (252) | (5535) |  |  | (5787) |

---

<sup>1</sup> Certain investments that are measured at fair value using the NAV per share practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments. Although there can be no assurance, in general, the fair value of the investment using the NAV per share practical expedient is the amount the owner of such investment might reasonably expect to receive in an orderly transaction between market participants upon its current sale.

<sup>2</sup> Unfunded commitments are not reflected in total investments in the Schedule of Investments. Net unrealized appreciation is reflected as an asset and net unrealized depreciation is reflected as a liability in the table. See Unfunded Commitments table following the Schedule of Investments.

<sup>3</sup> All derivatives are reflected at the unrealized appreciation (depreciation) on the instrument.

The following table is a rollforward of asset types with significant Level 3 valuations (in thousands) and transfers by category for which significant unobservable inputs were used to determine fair value during the year ended June 30, 2025:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Balance at Beginning of Period ($)** | **Transfers into Level 3 During the Period<sup>1</sup>** | **Transfers out of Level 3 During the Period<sup>1</sup>** | **Realized Gain/(Loss)** | **Amortization/Accretion** | **Purchases** | (Sales) | **Balance at End of Period ($)** | **Net Change in Unrealized Appreciation/ (Depreciation) on Investments Held at End of Period<sup>2</sup> ($)** |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Direct Access Lending | 19397 |  |  |  |  |  | (807) | 18183 | (407) |
| Senior Floating Rate Instruments | 7282 | 4058 | 2070 | 2 | 8 |  | (193) | 9096 | 9 |
| Non-U.S. Government Agency Asset-Backed Securities |  |  |  |  |  | 899 |  | 898 | (1) |
|  | 26679 | 4058 | 2070 | 2 | 8 | 899 | (1000) | 28177 | (399) |

---

<br> <sup>1</sup> There were no significant transfers between Level 3 and Level 2 during the Period except for those noted. <br> <sup>2</sup> Reflects the change in unrealized appreciation/(depreciation) for Level 3 investments held June 30, 2025.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Class** | **Fair Value (In Thousands $)** | **Valuation Technique** | **Unobservable Input** | **Range (Weighted Average†)** |
| Direct Access Lending | 18183 | Discounted Cash Flow Model | Discount Rate | 11.00% - 13.00% (12.00%) |
|  | 18183 |  |  |  |
| Senior Floating Rate Instruments | 9096 | Market Approach | Broker Quote | 96.50 - 100.25 (99.10) |
|  | 9096 |  |  |  |
| Non-U.S. Government Agency Asset-Backed Securities | 898 | Recent Transaction | NA‡ | 93.06 - 100.00 (95.25) |
|  | 898 |  |  |  |

---

† Unobservable inputs were weighted by the relative fair value of the instruments.

‡ The valuations within this category are based on recent transactions. There were no quantitative unobservable inputs significant to the valuation technique.

Significant changes in unobservable valuation inputs to a different amount might result in a significantly higher or lower fair value measurement than the one used in a security's valuation.

**Securities Lending and Securities Lending Collateral.** Jackson Credit Opportunities Fund participates in an agency based securities lending program. State Street serves as the securities lending agent to the Fund. Under the terms of the securities lending agreement, the securities lending agent is authorized to loan securities on behalf of the Fund to approved borrowers and is required to maintain collateral. The Fund receives either cash or non-cash collateral against the loaned securities in an amount equal to at least 100% of the market value of the loaned securities. Generally, cash and non-cash collateral received for the following types of securities on loan are as follows: U.S. Government fixed income – 102%; U.S. equities – 102%; U.S. corporate fixed income – 102%; international equities – 105%; international corporate fixed income – 105%; sovereign fixed income – 102%; and asset backed investments – 102%. Collateral is maintained over the life of the loan as determined at the close of Fund business each day; any additional collateral required due to changes in security values is typically delivered to the Fund on the next business day. The duration of each loan is determined by the agent and borrower and generally may be terminated at any time. Certain loans may be negotiated to mature on a specified date. The securities lending agent has agreed to indemnify the Fund in the event of default by a third-party borrower. The Fund may experience a delay in the recovery of its securities or incur a loss if the borrower breaches its agreement with the Fund or becomes insolvent. For cash collateral, the Fund receives income from the investment of cash collateral, which is shared with the borrower through negotiated rebates. The Fund bears the risk that the agent may default on its obligations to the Fund. Non-cash collateral which the Fund receives may include U.S. Government securities; U.S. Government agencies' debt securities; and U.S. Government-sponsored agencies' debt securities and mortgage-backed securities. For non-cash collateral, the Fund receives lending fees negotiated with the borrower. The securities lending agent has agreed to indemnify the Fund with respect to the market risk related to the non-cash

------

#### Jackson Credit Opportunities Fund

#### Notes to Schedule of Investments (in thousands)
June 30, 2025

collateral investments. The Fund also bears the market risk with respect to collateral received and securities loaned. State Street receives a portion of the earnings from the Fund's securities lending program.

Cash collateral received is invested in the JNL Government Money Market Fund – Class SL, a registered government money market fund under the 1940 Act and series of the JNL Investors Series Trust. JNAM serves as the Adviser and Administrator for the JNL Government Money Market Fund. The JNL Government Money Market Fund is offered to the Fund and its affiliates and is not available for direct purchase by members of the public. The JNL Government Money Market Fund pays JNAM annual fees, accrued daily and payable monthly, for investment advisory and administrative services.

**Unfunded Commitments.** The Fund may enter into certain credit agreements, all or a portion of which may be unfunded. The Fund is obligated to fund these loan commitments at the borrowers' discretion. Unfunded loan commitments and funded portions of credit agreements are marked-to-market daily.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Jackson Credit Opportunities Fund

- **b. Investment Company Act file number:** 811-23889

- **c. CIK number of Registrant:** 0001982467

- **d. LEI of Registrant:** 254900BVRRGX6TK1HJ82

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

  - **Street Address 1:** 1 Corporate Way

  - **City:** Lansing

  - **State:** MI

  - **Foreign country:** US

  - **Zip / Postal Code:** 48951

  - **Telephone number:** 517-381-5500

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

- **a. Name of Series:** Jackson Credit Opportunities Fund

- **c. LEI of Series:** 254900BVRRGX6TK1HJ82

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $582602580.18

**Total Liabilities:** $23061936.13

**Net Assets:** $559540644.05

**Cash Not Reported:** $7602629.25

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -17.291335547690 | **1-Year:** -392.378628706585 | **5-Year:** -2080.423786146660 | **10-Year:** -5175.207191843293 | **30-Year:** -12019.794662892194

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

- **3-Month:** -10175.442101659074 | **1-Year:** -17525.648442848277 | **5-Year:** -69606.802431753710 | **10-Year:** -35932.830218211015 | **30-Year:** -18278.426112113555

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.34%                | 0.86%                | 1.52%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-405558.22              | $-2583589.94                               |
| Month 2  | $36533.05                | $3515001.44                                |
| Month 3  | $153434.06               | $3338139.55                                |

**Designated Index Information**

- **Index Name:** Absolute VaR

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| BBVA Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero BBVA Mexico | BBVA Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero BBVA Mexico | CUSIP: 072912AA6<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | US        |    359000 | PA      | $367975.00    | 0.07%             | 2035-02-11      | Fixed         | 7.63%                 | Yes           | 2                  | On Loan: No      |
| BBCMS Mortgage Trust 2024-5C31                                                 | BBCMS Mortgage Trust 2024-5C31                                                 | CUSIP: 07336YAR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    386000 | PA      | $337589.15    | 0.06%             | 2029-12-17      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Beazer Homes USA, Inc.                                                         | Beazer Homes USA, Inc.                                                         | CUSIP: 07556QBU8<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |    545000 | PA      | $553078.29    | 0.10%             | 2031-03-15      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Bell Canada inc.                                                               | Bell Canada inc.                                                               | CUSIP: 0778FPAP4<br>LEI: 549300O5ZKB2MUUSKB97 | Long             | DBT              | CORP              | US        |    525000 | PA      | $538433.44    | 0.10%             | 2055-09-15      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| Bell Canada inc.                                                               | Bell Canada inc.                                                               | CUSIP: 0778FPAQ2<br>LEI: 549300O5ZKB2MUUSKB97 | Long             | DBT              | CORP              | US        |    680000 | PA      | $691030.62    | 0.12%             | 2055-09-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Benchmark 2020-B16 Mortgage Trust                                              | Benchmark 2020-B16 Mortgage Trust                                              | CUSIP: 08161NAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    373000 | PA      | $323757.99    | 0.06%             | 2030-01-17      | Variable      | 3.18%                 | No            | 2                  | On Loan: No      |
| Benchmark 2020-B16 Mortgage Trust                                              | Benchmark 2020-B16 Mortgage Trust                                              | CUSIP: 08161NAK3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    298000 | PA      | $245155.27    | 0.04%             | 2030-01-17      | Variable      | 3.52%                 | No            | 2                  | On Loan: No      |
| Benchmark 2020-B19 Mortgage Trust                                              | Benchmark 2020-B19 Mortgage Trust                                              | CUSIP: 08162WBE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    405000 | PA      | $339526.61    | 0.06%             | 2030-09-17      | Fixed         | 2.15%                 | No            | 2                  | On Loan: No      |
| Benchmark 2020-B19 Mortgage Trust                                              | Benchmark 2020-B19 Mortgage Trust                                              | CUSIP: 08162WBG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    156000 | PA      | $119862.07    | 0.02%             | 2030-09-17      | Fixed         | 2.35%                 | No            | 2                  | On Loan: No      |
| Benchmark 2024-V5 Mortgage Trust                                               | Benchmark 2024-V5 Mortgage Trust                                               | CUSIP: 08163XBC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     55000 | PA      | $57009.47     | 0.01%             | 2029-01-12      | Variable      | 6.97%                 | No            | 2                  | On Loan: No      |
| Benefit Street Partners Clo XXXVII Ltd                                         | Benefit Street Partners Clo XXXVII Ltd                                         | CUSIP: 08182VAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1499871.00   | 0.27%             | 2038-01-25      | Floating      | 9.70%                 | No            | 2                  | On Loan: No      |
| Blackstone Mortgage Trust, Inc.                                                | Blackstone Mortgage Trust, Inc.                                                | CUSIP: 09257WAF7<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              | CORP              | US        |    380000 | PA      | $404178.29    | 0.07%             | 2029-12-01      | Fixed         | 7.75%                 | Yes           | 2                  | On Loan: No      |
| BMO 2024-5C3 Mortgage Trust                                                    | BMO 2024-5C3 Mortgage Trust                                                    | CUSIP: 09660QAY0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    496000 | PA      | $508538.28    | 0.09%             | 2029-02-16      | Variable      | 6.86%                 | No            | 2                  | On Loan: No      |
| BMO 2024-5C6 Mortgage Trust                                                    | BMO 2024-5C6 Mortgage Trust                                                    | CUSIP: 09661XAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    281000 | PA      | $258178.39    | 0.05%             | 2057-12-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| AAR Escrow Issuer, LLC                                                         | AAR Escrow Issuer, LLC                                                         | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $72517.43     | 0.01%             | 2029-03-15      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| American Airlines, Inc.                                                        | American Airlines, Inc.                                                        | CUSIP: 00253XAB7<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    460000 | PA      | $461073.56    | 0.08%             | 2029-04-20      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| Acrisure, LLC                                                                  | Acrisure, LLC                                                                  | CUSIP: 00489LAL7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |    350000 | PA      | $361464.32    | 0.06%             | 2030-11-06      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Bombardier Inc.                                                                | Bombardier Inc.                                                                | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | US        |    575000 | PA      | $603210.02    | 0.11%             | 2031-07-01      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Bonanza Re Ltd                                                                 | Bonanza Re Ltd                                                                 | CUSIP: 09785EAQ4<br>LEI: 5493003F0CXUQ2C83105 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1495650.00   | 0.27%             | 2027-12-20      | Floating      | 9.82%                 | Yes           | 2                  | On Loan: No      |
| Bridge STR RE Ltd.                                                             | Bridge STR RE Ltd.                                                             | CUSIP: 10807LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2952600.00   | 0.53%             | 2028-01-07      | Floating      | 8.24%                 | Yes           | 3                  | On Loan: No      |
| BroadStreet Partners, Inc.                                                     | BroadStreet Partners, Inc.                                                     | CUSIP: 11135RAA3<br>LEI: 549300BS9N54G8DD0R75 | Long             | DBT              | CORP              | US        |    650000 | PA      | $642467.52    | 0.11%             | 2029-04-15      | Fixed         | 5.88%                 | Yes           | 2                  | On Loan: No      |
| Acrisure, LLC                                                                  | Acrisure, LLC                                                                  | CUSIP: 00489LAM5<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |    295000 | PA      | $307689.25    | 0.05%             | 2029-06-15      | Fixed         | 8.50%                 | Yes           | 2                  | On Loan: No      |
| Acrisure, LLC                                                                  | Acrisure, LLC                                                                  | CUSIP: 004961AA6<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30422.79     | 0.01%             | 2032-07-01      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Ahead DB Holdings, LLC                                                         | Ahead DB Holdings, LLC                                                         | CUSIP: 00867FAA6<br>LEI: 254900L07WFL833JX193 | Long             | DBT              | CORP              | US        |    825000 | PA      | $827109.30    | 0.15%             | 2028-05-01      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| Alamo Re Ltd.                                                                  | Alamo Re Ltd.                                                                  | CUSIP: 011395AN0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1173345.00   | 0.21%             | 2027-06-07      | Floating      | 10.30%                | Yes           | 2                  | On Loan: No      |
| Alamo Re Ltd.                                                                  | Alamo Re Ltd.                                                                  | CUSIP: 011395AP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $521000.00    | 0.09%             | 2027-06-07      | Floating      | 12.05%                | Yes           | 2                  | On Loan: No      |
| Albion Financing 1 S.a r.l.                                                    | Albion Financing 1 S.a r.l.                                                    | CUSIP: 01330AAA4<br>LEI: 259400W9CABUZBRDLP97 | Long             | DBT              | CORP              | US        |    765000 | PA      | $782631.27    | 0.14%             | 2030-05-21      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Alliant Holdings Intermediate, LLC                                             | Alliant Holdings Intermediate, LLC                                             | CUSIP: 01883LAA1<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1121878.28   | 0.20%             | 2027-10-15      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Alliant Holdings Intermediate, LLC                                             | Alliant Holdings Intermediate, LLC                                             | CUSIP: 01883LAE3<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |    325000 | PA      | $330309.71    | 0.06%             | 2028-04-15      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Alliant Holdings Intermediate, LLC                                             | Alliant Holdings Intermediate, LLC                                             | CUSIP: 01883LAF0<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72416.46     | 0.01%             | 2031-01-15      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Alliant Holdings Intermediate, LLC                                             | Alliant Holdings Intermediate, LLC                                             | CUSIP: 01883LAH6<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20636.38     | 0.00%             | 2032-10-01      | Fixed         | 7.38%                 | Yes           | 2                  | On Loan: No      |
| Allied Universal Holdco LLC                                                    | Allied Universal Holdco LLC                                                    | CUSIP: 019576AC1<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    275000 | PA      | $267491.53    | 0.05%             | 2029-06-01      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| Allied Universal Holdco LLC                                                    | Allied Universal Holdco LLC                                                    | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    290000 | PA      | $303167.39    | 0.05%             | 2031-02-15      | Fixed         | 7.88%                 | Yes           | 2                  | On Loan: No      |
| Alpha Generation LLC                                                           | Alpha Generation LLC                                                           | CUSIP: 02073LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1341345.24   | 0.24%             | 2032-10-15      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Amentum Escrow Corp.                                                           | Amentum Escrow Corp.                                                           | CUSIP: 02352BAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $71918.94     | 0.01%             | 2032-08-01      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Amsted Industries Incorporated                                                 | Amsted Industries Incorporated                                                 | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |    370000 | PA      | $375899.04    | 0.07%             | 2033-03-15      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| Archrock Partners, L.P.                                                        | Archrock Partners, L.P.                                                        | CUSIP: 03959KAD2<br>LEI: 549300YFKOM2XNCKQU76 | Long             | DBT              | CORP              | US        |    280000 | PA      | $285414.06    | 0.05%             | 2032-09-01      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| Aris Water Holdings, LLC                                                       | Aris Water Holdings, LLC                                                       | CUSIP: 04041NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    405000 | PA      | $417478.90    | 0.07%             | 2030-04-01      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Ascent Resources - Utica, LLC                                                  | Ascent Resources - Utica, LLC                                                  | CUSIP: 04364VAU7<br>LEI: 549300XIJBVTOE7Q8Q14 | Long             | DBT              | CORP              | US        |    620000 | PA      | $620757.54    | 0.11%             | 2029-06-30      | Fixed         | 5.88%                 | Yes           | 2                  | On Loan: No      |
| Ascent Resources - Utica, LLC                                                  | Ascent Resources - Utica, LLC                                                  | CUSIP: 04364VBA0<br>LEI: 549300XIJBVTOE7Q8Q14 | Long             | DBT              | CORP              | US        |    355000 | PA      | $360331.79    | 0.06%             | 2033-07-15      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| Atela Re Ltd.                                                                  | Atela Re Ltd.                                                                  | CUSIP: 04681FAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $798375.00    | 0.14%             | 2027-05-09      | Floating      | 18.55%                | Yes           | 2                  | On Loan: No      |
| Atlas Capital Designated Activity Company                                      | Atlas Capital Designated Activity Company                                      | CUSIP: 049207AC7<br>LEI: 635400CBPJFGGWD2AH20 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1500150.00   | 0.27%             | 2028-06-07      | Floating      | 11.60%                | Yes           | 2                  | On Loan: No      |
| Avient Corporation                                                             | Avient Corporation                                                             | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |    420000 | PA      | $423321.74    | 0.08%             | 2031-11-01      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Avianca MidCo 2 PLC                                                            | Avianca MidCo 2 PLC                                                            | CUSIP: 05369YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    254000 | PA      | $234178.76    | 0.04%             | 2030-02-14      | Fixed         | 9.63%                 | Yes           | 2                  | On Loan: No      |
| BAMLL Trust 2024-BHP                                                           | BAMLL Trust 2024-BHP                                                           | CUSIP: 05493WAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    386000 | PA      | $389807.97    | 0.07%             | 2026-08-17      | Floating      | 7.21%                 | No            | 2                  | On Loan: No      |
| Kilimanjaro Re Limited                                                         | Kilimanjaro Re Limited                                                         | CUSIP: 49407QAK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $499750.00    | 0.09%             | 2029-07-09      | Floating      | 10.52%                | Yes           | 2                  | On Loan: No      |
| Kilimanjaro Re Limited                                                         | Kilimanjaro Re Limited                                                         | CUSIP: 49407QAN8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999500.00    | 0.18%             | 2030-07-08      | Floating      | 8.02%                 | Yes           | 2                  | On Loan: No      |
| Azule Energy Finance PLC                                                       | Azule Energy Finance PLC                                                       | CUSIP: 05501YAA6<br>LEI: 2138006X6O82RJSQDB63 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197312.95    | 0.04%             | 2030-01-23      | Fixed         | 8.13%                 | Yes           | 2                  | On Loan: No      |
| BX Commercial Mortgage Trust 2021-VOLT                                         | BX Commercial Mortgage Trust 2021-VOLT                                         | CUSIP: 05609VAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    484414 | PA      | $482143.22    | 0.09%             | 2036-09-15      | Floating      | 6.43%                 | No            | 2                  | On Loan: No      |
| Level 3 Financing, Inc.                                                        | Level 3 Financing, Inc.                                                        | CUSIP: 527298CB7<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    280000 | PA      | $261526.46    | 0.05%             | 2029-06-15      | Fixed         | 4.88%                 | Yes           | 2                  | On Loan: No      |
| Lifepoint Health, Inc.                                                         | Lifepoint Health, Inc.                                                         | CUSIP: 53219LAX7<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    370000 | PA      | $381376.70    | 0.07%             | 2032-06-01      | Fixed         | 10.00%                | Yes           | 2                  | On Loan: No      |
| BX Trust                                                                       | BX Trust                                                                       | CUSIP: 05612AAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    378000 | PA      | $376582.50    | 0.07%             | 2029-02-15      | Floating      | 6.95%                 | No            | 2                  | On Loan: No      |
| BX Trust                                                                       | BX Trust                                                                       | CUSIP: 05612EAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    340015 | PA      | $340864.59    | 0.06%             | 2026-02-17      | Floating      | 7.00%                 | No            | 2                  | On Loan: No      |
| BX Commercial Mortgage Trust 2024-XL5                                          | BX Commercial Mortgage Trust 2024-XL5                                          | CUSIP: 05612GAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    306170 | PA      | $306648.42    | 0.05%             | 2026-03-15      | Floating      | 7.00%                 | No            | 2                  | On Loan: No      |
| BX Trust 2024-VLT4                                                             | BX Trust 2024-VLT4                                                             | CUSIP: 05612TAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    382000 | PA      | $379851.06    | 0.07%             | 2026-06-15      | Floating      | 7.20%                 | No            | 2                  | On Loan: No      |
| BX Trust 2025-LIFE                                                             | BX Trust 2025-LIFE                                                             | CUSIP: 05616HAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    240000 | PA      | $244569.53    | 0.04%             | 2035-06-14      | Variable      | 5.89%                 | No            | 2                  | On Loan: No      |
| Balboa Bay Loan Funding 2024-1 Ltd                                             | Balboa Bay Loan Funding 2024-1 Ltd                                             | CUSIP: 05766PAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1250000 | PA      | $1262508.75   | 0.23%             | 2037-07-20      | Floating      | 10.52%                | No            | 2                  | On Loan: No      |
| BCI Miami                                                                      | BCI Miami                                                                      | CUSIP: 05890MAC7<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | US        |    305000 | PA      | $322210.18    | 0.06%             | 2500-12-31      | Fixed         | 8.75%                 | Yes           | 2                  | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria, S.A.                                          | Banco Bilbao Vizcaya Argentaria, S.A.                                          | CUSIP: 05946KAS0<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | US        |    515000 | PA      | $522081.25    | 0.09%             | 2500-12-31      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| Bank of America Corporation                                                    | Bank of America Corporation                                                    | CUSIP: 06055HAH6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    780000 | PA      | $813384.00    | 0.15%             | 2500-12-31      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| Kinetik Holdings LP                                                            | Kinetik Holdings LP                                                            | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    855000 | PA      | $862558.91    | 0.15%             | 2030-06-15      | Fixed         | 5.88%                 | Yes           | 2                  | On Loan: No      |
| LGI Homes, Inc.                                                                | LGI Homes, Inc.                                                                | CUSIP: 50187TAK2<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    970000 | PA      | $923458.37    | 0.17%             | 2032-11-15      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| LATAM Airlines Group S.A.                                                      | LATAM Airlines Group S.A.                                                      | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50858.30     | 0.01%             | 2030-04-15      | Fixed         | 7.88%                 | Yes           | 2                  | On Loan: No      |
| Level 3 Financing, Inc.                                                        | Level 3 Financing, Inc.                                                        | CUSIP: 527298BV4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    304043 | PA      | $349878.15    | 0.06%             | 2029-11-15      | Fixed         | 11.00%                | Yes           | 2                  | On Loan: No      |
| Molina Healthcare, Inc.                                                        | Molina Healthcare, Inc.                                                        | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    225000 | PA      | $229019.28    | 0.04%             | 2033-01-15      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Archkey Solutions LLC                                                          | Archkey Solutions LLC                                                          | CUSIP: 48205CAD7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    103448 | PA      | $104120.69    | 0.02%             | 2031-10-10      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Mona Lisa RE Ltd.                                                              | Mona Lisa RE Ltd.                                                              | CUSIP: 608800AE8<br>LEI: 549300R6SO6XBFDC7M25 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2748625.00   | 0.49%             | 2025-07-08      | Floating      | 11.28%                | Yes           | 2                  | On Loan: No      |
| Mona Lisa RE Ltd.                                                              | Mona Lisa RE Ltd.                                                              | CUSIP: 608800AH1<br>LEI: 549300R6SO6XBFDC7M25 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1832260.00   | 0.33%             | 2027-06-25      | Floating      | 14.03%                | Yes           | 2                  | On Loan: No      |
| Lightning Power LLC                                                            | Lightning Power LLC                                                            | CUSIP: 53229KAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1128000 | PA      | $1187180.66   | 0.21%             | 2032-08-15      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Lindblad Expeditions, LLC                                                      | Lindblad Expeditions, LLC                                                      | CUSIP: 535219AA7<br>LEI: 549300MPUWOG67Y2R254 | Long             | DBT              | CORP              | US        |    350000 | PA      | $366057.81    | 0.07%             | 2028-05-15      | Fixed         | 9.00%                 | Yes           | 2                  | On Loan: No      |
| Mona Lisa RE Ltd.                                                              | Mona Lisa RE Ltd.                                                              | CUSIP: 608800AJ7<br>LEI: 549300R6SO6XBFDC7M25 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2754950.00   | 0.49%             | 2029-01-08      | Floating      | 12.28%                | Yes           | 2                  | On Loan: No      |
| OCP CLO 2023-30, Ltd.                                                          | OCP CLO 2023-30, Ltd.                                                          | CUSIP: 67117QAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2030340.00   | 0.36%             | 2037-01-26      | Floating      | 11.37%                | No            | 2                  | On Loan: No      |
| London Bridge 2 PCC Limited                                                    | London Bridge 2 PCC Limited                                                    | CUSIP: 54180CAA0<br>LEI: 549300TUFAUPZXE4UR14 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2014600.00   | 0.36%             | 2029-01-09      | Floating      | 11.85%                | Yes           | 2                  | On Loan: No      |
| MED Commercial Mortgage Trust 2024-MOB                                         | MED Commercial Mortgage Trust 2024-MOB                                         | CUSIP: 55287BAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    411000 | PA      | $406224.14    | 0.07%             | 2026-04-15      | Floating      | 6.60%                 | No            | 2                  | On Loan: No      |
| ORL 2024-GLKS Mortgage Trust                                                   | ORL 2024-GLKS Mortgage Trust                                                   | CUSIP: 67120DAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    494000 | PA      | $493073.50    | 0.09%             | 2026-12-15      | Floating      | 7.10%                 | No            | 2                  | On Loan: No      |
| NYC Commercial Mortgage Trust 2025-3BP                                         | NYC Commercial Mortgage Trust 2025-3BP                                         | CUSIP: 67120UAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    251000 | PA      | $246605.32    | 0.04%             | 2027-02-16      | Floating      | 6.75%                 | No            | 2                  | On Loan: No      |
| TMC Buyer, Inc                                                                 | TMC Buyer, Inc                                                                 | CUSIP: 87258YAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1828750 | PA      | $1828750.00   | 0.33%             | 2030-10-27      | Floating      | 9.03%                 | No            | 2                  | On Loan: No      |
| TMC Buyer, Inc                                                                 | TMC Buyer, Inc                                                                 | CUSIP: 87258YAH4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    166667 | PA      | $166666.67    | 0.03%             | 2030-11-01      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Trident TPI Holdings, Inc.                                                     | Trident TPI Holdings, Inc.                                                     | CUSIP: 00216EAL3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1975025 | PA      | $1937756.17   | 0.35%             | 2028-09-15      | Floating      | 8.05%                 | No            | 2                  | On Loan: No      |
| Raven Acquisition Holdings LLC                                                 | Raven Acquisition Holdings LLC                                                 | CUSIP: 75419XAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1862000 | PA      | $1859672.50   | 0.33%             | 2031-10-25      | Floating      | 7.58%                 | No            | 2                  | On Loan: No      |
| Raven Acquisition Holdings LLC                                                 | Raven Acquisition Holdings LLC                                                 | CUSIP: 75419XAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    133333 | PA      | $133166.67    | 0.02%             | 2031-11-29      | Floating      | 3.25%                 | No            | 2                  | On Loan: No      |
| CPI Holdco B LLC                                                               | CPI Holdco B LLC                                                               | CUSIP: 1261MAAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1997500.00   | 0.36%             | 2031-05-19      | Floating      | 6.58%                 | No            | 2                  | On Loan: No      |
| MIWD Holdco II LLC                                                             | MIWD Holdco II LLC                                                             | CUSIP: 55337PAA0<br>LEI: 254900X3SPV5RVFJEY72 | Long             | DBT              | CORP              | US        |    420000 | PA      | $399590.04    | 0.07%             | 2030-02-01      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Eleven Madison Trust 2015-11MD Mortgage Trust                                  | Eleven Madison Trust 2015-11MD Mortgage Trust                                  | CUSIP: 556227AJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    334000 | PA      | $328172.97    | 0.06%             | 2025-09-11      | Variable      | 3.55%                 | No            | 2                  | On Loan: No      |
| Cornerstone Generation LLC                                                     | Cornerstone Generation LLC                                                     | CUSIP: 21924NAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $2009160.00   | 0.36%             | 2031-10-15      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| EMG Utica, LLC                                                                 | EMG Utica, LLC                                                                 | CUSIP: 26869HAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1995000 | PA      | $2004975.00   | 0.36%             | 2029-10-24      | Floating      | 8.30%                 | No            | 2                  | On Loan: No      |
| Madison IAQ LLC                                                                | Madison IAQ LLC                                                                | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    555000 | PA      | $545369.63    | 0.10%             | 2029-06-30      | Fixed         | 5.88%                 | Yes           | 2                  | On Loan: No      |
| Marlon Ltd.                                                                    | Marlon Ltd.                                                                    | CUSIP: 571253AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1775000 | PA      | $1816357.50   | 0.32%             | 2027-06-07      | Floating      | 11.29%                | Yes           | 2                  | On Loan: No      |
| Radar Bidco Sarl                                                               | Radar Bidco Sarl                                                               | CUSIP: L7781HAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1666635 | PA      | $1674968.65   | 0.30%             | 2031-04-04      | Floating      | 8.03%                 | No            | 2                  | On Loan: No      |
| Dynasty Acquisition Co., Inc.                                                  | Dynasty Acquisition Co., Inc.                                                  | CUSIP: 26812CAN6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1332868 | PA      | $1333054.38   | 0.24%             | 2031-10-24      | Floating      | 6.33%                 | No            | 2                  | On Loan: No      |
| Matterhorn Re Ltd                                                              | Matterhorn Re Ltd                                                              | CUSIP: 577092AN9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1583340.00   | 0.28%             | 2025-12-08      | Floating      | 10.06%                | Yes           | 2                  | On Loan: No      |
| Matterhorn Re Ltd                                                              | Matterhorn Re Ltd                                                              | CUSIP: 577092AX7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $994800.00    | 0.18%             | 2028-02-04      | Floating      | 16.52%                | Yes           | 2                  | On Loan: No      |
| Mauser Packaging Solutions Holding Company                                     | Mauser Packaging Solutions Holding Company                                     | CUSIP: 57763RAC1<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    695000 | PA      | $689800.96    | 0.12%             | 2027-04-15      | Fixed         | 9.25%                 | Yes           | 2                  | On Loan: No      |
| Mauser Packaging Solutions Holding Company                                     | Mauser Packaging Solutions Holding Company                                     | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    450000 | PA      | $457713.66    | 0.08%             | 2027-04-15      | Fixed         | 7.88%                 | Yes           | 2                  | On Loan: No      |
| McGraw-Hill Education, Inc.                                                    | McGraw-Hill Education, Inc.                                                    | CUSIP: 58064LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $354659.10    | 0.06%             | 2031-09-01      | Fixed         | 7.38%                 | Yes           | 2                  | On Loan: No      |
| Midcontinent Communications                                                    | Midcontinent Communications                                                    | CUSIP: 59565XAD2<br>LEI: 549300ZI9GDQBS28C408 | Long             | DBT              | CORP              | US        |    265000 | PA      | $280965.08    | 0.05%             | 2032-08-15      | Fixed         | 8.00%                 | Yes           | 2                  | On Loan: No      |
| MidOcean Credit CLO XV Ltd                                                     | MidOcean Credit CLO XV Ltd                                                     | CUSIP: 59801GAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1005303.00   | 0.18%             | 2037-07-21      | Floating      | 10.52%                | No            | 2                  | On Loan: No      |
| Midwest Gaming Borrower, LLC                                                   | Midwest Gaming Borrower, LLC                                                   | CUSIP: 59833DAB6<br>LEI: 5493005826VXDUREHL94 | Long             | DBT              | CORP              | US        |    720000 | PA      | $693497.10    | 0.12%             | 2029-05-01      | Fixed         | 4.88%                 | Yes           | 2                  | On Loan: No      |
| Minerva Merger Sub Inc                                                         | Minerva Merger Sub Inc                                                         | CUSIP: 60337JAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    640000 | PA      | $629687.96    | 0.11%             | 2030-02-15      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| CPUK Mortgage Finance Limited                                                  | CPUK Mortgage Finance Limited                                                  | CUSIP: N/A<br>LEI: 6354003CVDDPNXREIR29       | Long             | DBT              | CORP              | GB        |    200000 | PA      | $273656.93    | 0.05%             | 2050-08-28      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Dynasty Acquisition Co., Inc.                                                  | Dynasty Acquisition Co., Inc.                                                  | CUSIP: 26812CAP1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    506980 | PA      | $507051.36    | 0.09%             | 2031-10-24      | Floating      | 6.33%                 | No            | 2                  | On Loan: No      |
| Worldwide Express Operations, LLC                                              | Worldwide Express Operations, LLC                                              | CUSIP: 00435UAF5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1984576 | PA      | $1983643.08   | 0.35%             | 2028-07-26      | Floating      | 8.30%                 | No            | 2                  | On Loan: No      |
| Amber FinCo PLC                                                                | Amber FinCo PLC                                                                | CUSIP: N/A<br>LEI: 9845004C0870D380O790       | Long             | DBT              | CORP              | GB        |    200000 | PA      | $246078.60    | 0.04%             | 2029-07-15      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| Electricite de France                                                          | Electricite de France                                                          | CUSIP: N/A<br>LEI: 549300X3UK4GG3FNMO06       | Long             | DBT              | CORP              | FR        |    600000 | PA      | $685567.28    | 0.12%             | 2500-12-31      | Fixed         | 2.63%                 | Yes           | 2                  | On Loan: No      |
| Champ Acquisition Corporation                                                  | Champ Acquisition Corporation                                                  | CUSIP: 15807EAH5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1644188 | PA      | $1651717.88   | 0.30%             | 2031-11-08      | Floating      | 8.80%                 | No            | 2                  | On Loan: No      |
| Project Alpha Intermediate Holding, Inc.                                       | Project Alpha Intermediate Holding, Inc.                                       | CUSIP: 74339DAM0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1985000.00   | 0.35%             | 2032-11-22      | Floating      | 9.31%                 | No            | 2                  | On Loan: No      |
| INEOS Quattro Finance 2 plc                                                    | INEOS Quattro Finance 2 plc                                                    | CUSIP: N/A<br>LEI: 213800V48W4Y5MT5Q131       | Long             | DBT              | CORP              | GB        |     50000 | PA      | $58598.33     | 0.01%             | 2029-03-15      | Fixed         | 8.50%                 | Yes           | 2                  | On Loan: No      |
| Neopharmed Gentili S.p.A.                                                      | Neopharmed Gentili S.p.A.                                                      | CUSIP: N/A<br>LEI: 815600C8FD3DCB866E50       | Long             | DBT              | CORP              | IT        |    100000 | PA      | $123336.14    | 0.02%             | 2030-04-08      | Fixed         | 7.13%                 | Yes           | 2                  | On Loan: No      |
| ABN AMRO Bank N.V.                                                             | ABN AMRO Bank N.V.                                                             | CUSIP: N/A<br>LEI: BFXS5XCH7N0Y05NIXW11       | Long             | DBT              | CORP              | NL        |    400000 | PA      | $485904.64    | 0.09%             | 2500-12-31      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| Energizer Gamma Acquisition B.V.                                               | Energizer Gamma Acquisition B.V.                                               | CUSIP: N/A<br>LEI: 5493002SUYZDHEQ3JN34       | Long             | DBT              | CORP              | NL        |    100000 | PA      | $112198.62    | 0.02%             | 2029-06-30      | Fixed         | 3.50%                 | Yes           | 2                  | On Loan: No      |
| Intesa Sanpaolo SPA                                                            | Intesa Sanpaolo SPA                                                            | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | DBT              | CORP              | IT        |    400000 | PA      | $504162.88    | 0.09%             | 2500-12-31      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Pinnacle Bidco PLC                                                             | Pinnacle Bidco PLC                                                             | CUSIP: N/A<br>LEI: 2138006Z5V8OBL2A2Q06       | Long             | DBT              | CORP              | GB        |    200000 | PA      | $289873.41    | 0.05%             | 2028-10-11      | Fixed         | 10.00%                | Yes           | 2                  | On Loan: No      |
| Nidda Healthcare Holding GmbH                                                  | Nidda Healthcare Holding GmbH                                                  | CUSIP: N/A<br>LEI: 549300Q89C4WAO6L0L19       | Long             | DBT              | CORP              | DE        |    300000 | PA      | $359792.07    | 0.06%             | 2030-02-21      | Fixed         | 5.63%                 | Yes           | 2                  | On Loan: No      |
| Abertis Infraestructuras Finance B.V.                                          | Abertis Infraestructuras Finance B.V.                                          | CUSIP: N/A<br>LEI: 5493007WHKI5H75YJ358       | Long             | DBT              | CORP              | NL        |    400000 | PA      | $480603.86    | 0.09%             | 2500-12-31      | Fixed         | 4.87%                 | Yes           | 2                  | On Loan: No      |
| B&M European Value Retail S.A.                                                 | B&M European Value Retail S.A.                                                 | CUSIP: N/A<br>LEI: 213800UK7ZRLY2K1X530       | Long             | DBT              | CORP              | GB        |    150000 | PA      | $206918.70    | 0.04%             | 2031-11-27      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Elior Group                                                                    | Elior Group                                                                    | CUSIP: N/A<br>LEI: 969500LYSYS0E800SQ95       | Long             | DBT              | CORP              | FR        |    200000 | PA      | $239835.46    | 0.04%             | 2030-03-15      | Fixed         | 5.63%                 | Yes           | 2                  | On Loan: No      |
| alstria office AG                                                              | alstria office AG                                                              | CUSIP: N/A<br>LEI: 529900QIJIGPI0DRL085       | Long             | DBT              | CORP              | DE        |    100000 | PA      | $119822.32    | 0.02%             | 2031-03-20      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Kronos International, Inc.                                                     | Kronos International, Inc.                                                     | CUSIP: N/A<br>LEI: 529900NTVDLUSYY9F493       | Long             | DBT              | CORP              | US        |    249000 | PA      | $314269.62    | 0.06%             | 2029-03-15      | Fixed         | 9.50%                 | Yes           | 2                  | On Loan: No      |
| Erste Group Bank AG                                                            | Erste Group Bank AG                                                            | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | DBT              | CORP              | AT        |    400000 | PA      | $498273.12    | 0.09%             | 2500-12-31      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Holding D'infrastructures Des Metiers De L'environnement                       | Holding D'infrastructures Des Metiers De L'environnement                       | CUSIP: N/A<br>LEI: 969500I3QVK40XEORU25       | Long             | DBT              | CORP              | FR        |    300000 | PA      | $365916.23    | 0.07%             | 2029-10-24      | Fixed         | 4.88%                 | Yes           | 2                  | On Loan: No      |
| Kier Group PLC                                                                 | Kier Group PLC                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | GB        |    100000 | PA      | $145090.44    | 0.03%             | 2029-02-15      | Fixed         | 9.00%                 | Yes           | 2                  | On Loan: No      |
| Pinewood Finco PLC                                                             | Pinewood Finco PLC                                                             | CUSIP: N/A<br>LEI: 984500EF3F7CA63ND769       | Long             | DBT              | CORP              | GB        |    145000 | PA      | $196323.36    | 0.04%             | 2030-03-27      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| Walgreens Boots Alliance, Inc.                                                 | Walgreens Boots Alliance, Inc.                                                 | CUSIP: 931427AJ7<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |    400000 | PA      | $462651.90    | 0.08%             | 2026-11-20      | Fixed         | 2.13%                 | No            | 2                  | On Loan: No      |
| Alexandrite Monnet UK HoldCo PLC                                               | Alexandrite Monnet UK HoldCo PLC                                               | CUSIP: N/A<br>LEI: 254900UEO4639PJFQ079       | Long             | DBT              | CORP              | GB        |    200000 | PA      | $259014.86    | 0.05%             | 2029-05-15      | Fixed         | 10.50%                | Yes           | 2                  | On Loan: No      |
| Primo Water Holdings Inc.                                                      | Primo Water Holdings Inc.                                                      | CUSIP: N/A<br>LEI: 9845008F9A5F2E1D4832       | Long             | DBT              | CORP              | US        |    150000 | PA      | $175749.06    | 0.03%             | 2028-10-31      | Fixed         | 3.88%                 | Yes           | 2                  | On Loan: No      |
| INEOS Quattro Finance 2 plc                                                    | INEOS Quattro Finance 2 plc                                                    | CUSIP: N/A<br>LEI: 213800V48W4Y5MT5Q131       | Long             | DBT              | CORP              | GB        |    100000 | PA      | $108727.20    | 0.02%             | 2030-04-15      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Ocado Group PLC                                                                | Ocado Group PLC                                                                | CUSIP: N/A<br>LEI: 213800LO8F61YB8MBC74       | Long             | DBT              | CORP              | GB        |    150000 | PA      | $199706.12    | 0.04%             | 2029-08-08      | Fixed         | 10.50%                | Yes           | 2                  | On Loan: No      |
| Bertrand Franchise Finance                                                     | Bertrand Franchise Finance                                                     | CUSIP: N/A<br>LEI: 969500HGPPEHSTNJFW57       | Long             | DBT              | CORP              | FR        |    200000 | PA      | $230734.62    | 0.04%             | 2030-07-18      | Floating      | 5.99%                 | Yes           | 2                  | On Loan: No      |
| Fressnapf Holding SE                                                           | Fressnapf Holding SE                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | DE        |    250000 | PA      | $297141.00    | 0.05%             | 2031-10-31      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| TAP-Transportes Aereos Portugueses, SGPS, S.A.                                 | TAP-Transportes Aereos Portugueses, SGPS, S.A.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | PT        |    200000 | PA      | $236268.63    | 0.04%             | 2029-11-15      | Fixed         | 5.13%                 | Yes           | 2                  | On Loan: No      |
| Almaviva - The Italian Innovation Company S.P.A. In Breve Almaviva S.P.A.      | Almaviva - The Italian Innovation Company S.P.A. In Breve Almaviva S.P.A.      | CUSIP: N/A<br>LEI: 815600A862DA4DD9E211       | Long             | DBT              | CORP              | IT        |    100000 | PA      | $117975.29    | 0.02%             | 2030-10-30      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| MPT Operating Partnership, L.P.                                                | MPT Operating Partnership, L.P.                                                | CUSIP: N/A<br>LEI: WUQXXXF7PXTUPGROE843       | Long             | DBT              | CORP              | US        |    100000 | PA      | $120312.35    | 0.02%             | 2032-02-15      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Atos SE                                                                        | Atos SE                                                                        | CUSIP: N/A<br>LEI: 5493001EZOOA66PTBR68       | Long             | DBT              | CORP              | FR        |    300000 | PA      | $393912.96    | 0.07%             | 2029-12-18      | Fixed         | 9.00%                 | Yes           | 2                  | On Loan: No      |
| Deutsche Lufthansa Aktiengesellschaft                                          | Deutsche Lufthansa Aktiengesellschaft                                          | CUSIP: N/A<br>LEI: 529900PH63HYJ86ASW55       | Long             | DBT              | CORP              | DE        |    200000 | PA      | $234117.69    | 0.04%             | 2055-01-15      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| CPI Property Group                                                             | CPI Property Group                                                             | CUSIP: N/A<br>LEI: 222100CO2ZOTEPGJO223       | Long             | DBT              | CORP              | LU        |    204000 | PA      | $233092.87    | 0.04%             | 2500-12-31      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Ontex Group                                                                    | Ontex Group                                                                    | CUSIP: N/A<br>LEI: 549300AQESC6JJOPW253       | Long             | DBT              | CORP              | BE        |    100000 | PA      | $120125.05    | 0.02%             | 2030-04-15      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| CAS Capital No. 1 Limited                                                      | CAS Capital No. 1 Limited                                                      | CUSIP: N/A<br>LEI: 254900REJZW5L9QRTD85       | Long             | DBT              | CORP              | US        |    200000 | PA      | $195009.31    | 0.03%             | 2500-12-31      | Fixed         | 4.00%                 | Yes           | 2                  | On Loan: No      |
| Fortune Star (BVI) Limited                                                     | Fortune Star (BVI) Limited                                                     | CUSIP: N/A<br>LEI: 2549008CU8NYQQRSNU62       | Long             | DBT              | CORP              | US        |    330000 | PA      | $316898.21    | 0.06%             | 2027-01-27      | Fixed         | 5.05%                 | Yes           | 2                  | On Loan: No      |
| Fortune Star (BVI) Limited                                                     | Fortune Star (BVI) Limited                                                     | CUSIP: N/A<br>LEI: 2549008CU8NYQQRSNU62       | Long             | DBT              | CORP              | US        |    200000 | PA      | $195873.49    | 0.04%             | 2026-05-18      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| FWD ProInsure Limited                                                          | FWD ProInsure Limited                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    200000 | PA      | $200599.57    | 0.04%             | 2500-12-31      | Fixed         | 8.04%                 | Yes           | 2                  | On Loan: No      |
| Fresnillo PLC                                                                  | Fresnillo PLC                                                                  | CUSIP: N/A<br>LEI: 549300JXWH1UV5J0XV81       | Long             | DBT              | CORP              | US        |    200000 | PA      | $144305.20    | 0.03%             | 2050-10-02      | Fixed         | 4.25%                 | Yes           | 2                  | On Loan: No      |
| Greentown China Holdings Limited                                               | Greentown China Holdings Limited                                               | CUSIP: N/A<br>LEI: 529900BLBC6YDNWS8530       | Long             | DBT              | CORP              | US        |    200000 | PA      | $203227.30    | 0.04%             | 2028-02-24      | Fixed         | 8.45%                 | Yes           | 2                  | On Loan: No      |
| IHS Holding Limited                                                            | IHS Holding Limited                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    200000 | PA      | $201855.90    | 0.04%             | 2031-11-29      | Fixed         | 8.25%                 | Yes           | 2                  | On Loan: No      |
| MCE Finance Limited                                                            | MCE Finance Limited                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    380000 | PA      | $371569.73    | 0.07%             | 2028-07-21      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| Ellucian Holdings, Inc.                                                        | Ellucian Holdings, Inc.                                                        | CUSIP: 28917XAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $2040000.00   | 0.36%             | 2032-11-14      | Floating      | 9.08%                 | No            | 2                  | On Loan: No      |
| Amspec Parent LLC                                                              | Amspec Parent LLC                                                              | CUSIP: 03218AAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    200000 | PA      | $200750.00    | 0.04%             | 2031-12-11      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Zegona Finance PLC                                                             | Zegona Finance PLC                                                             | CUSIP: N/A<br>LEI: 254900B3KC1SS7T2TE92       | Long             | DBT              | CORP              | GB        |    100000 | PA      | $125079.51    | 0.02%             | 2029-07-15      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| We Soda Investments Holding PLC                                                | We Soda Investments Holding PLC                                                | CUSIP: N/A<br>LEI: 984500SE38C07DB47A90       | Long             | DBT              | CORP              | US        |    300000 | PA      | $312968.09    | 0.06%             | 2028-10-06      | Fixed         | 9.50%                 | Yes           | 2                  | On Loan: No      |
| Tailored Brands Inc                                                            | Tailored Brands Inc                                                            | CUSIP: 58711MAF6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1326916 | PA      | $1316964.03   | 0.24%             | 2029-02-16      | Floating      | 10.76%                | No            | 3                  | On Loan: No      |
| Rackspace Finance, LLC                                                         | Rackspace Finance, LLC                                                         | CUSIP: 75008UAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1415129 | PA      | $1416133.29   | 0.25%             | 2028-05-15      | Floating      | 10.68%                | No            | 2                  | On Loan: No      |
| SupplyOne, Inc                                                                 | SupplyOne, Inc                                                                 | CUSIP: 86859CAN4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1975050 | PA      | $1979987.63   | 0.35%             | 2031-03-27      | Floating      | 8.08%                 | No            | 2                  | On Loan: No      |
| Mauser Packaging Solutions Holding Company                                     | Mauser Packaging Solutions Holding Company                                     | CUSIP: 57763TAE3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1964824 | PA      | $1963606.31   | 0.35%             | 2027-04-15      | Floating      | 7.32%                 | No            | 2                  | On Loan: No      |
| Aretec Group, Inc.                                                             | Aretec Group, Inc.                                                             | CUSIP: 04009DAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    985075 | PA      | $986404.79    | 0.18%             | 2030-08-09      | Floating      | 7.83%                 | No            | 2                  | On Loan: No      |
| Catawba Nation Gaming Authority                                                | Catawba Nation Gaming Authority                                                | CUSIP: 14907EAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $2020840.00   | 0.36%             | 2031-12-13      | Floating      | 9.05%                 | No            | 2                  | On Loan: No      |
| Barings CLO Ltd 2024-I                                                         | Barings CLO Ltd 2024-I                                                         | CUSIP: 06763WAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2026442.00   | 0.36%             | 2037-01-21      | Floating      | 11.22%                | No            | 2                  | On Loan: No      |
| Barings CLO Ltd 2024-V                                                         | Barings CLO Ltd 2024-V                                                         | CUSIP: 06764GAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1010366.00   | 0.18%             | 2037-07-15      | Floating      | 10.04%                | Yes           | 2                  | On Loan: No      |
| Bausch + Lomb Corporation                                                      | Bausch + Lomb Corporation                                                      | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | US        |   1020000 | PA      | $1065632.65   | 0.19%             | 2028-10-01      | Fixed         | 8.38%                 | Yes           | 2                  | On Loan: No      |
| OBX 2025-HE1 Trust                                                             | OBX 2025-HE1 Trust                                                             | CUSIP: 67121CAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    266000 | PA      | $260776.35    | 0.05%             | 2055-02-25      | Variable      | 6.92%                 | No            | 2                  | On Loan: No      |
| Ocelot Re Ltd.                                                                 | Ocelot Re Ltd.                                                                 | CUSIP: 675951AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1920710.00   | 0.34%             | 2031-01-07      | Floating      | 12.04%                | Yes           | 2                  | On Loan: No      |
| Vedanta Resources Limited                                                      | Vedanta Resources Limited                                                      | CUSIP: N/A<br>LEI: 2138007MYEKPEAZQTW83       | Long             | DBT              | CORP              | US        |    250000 | PA      | $259826.99    | 0.05%             | 2029-09-17      | Fixed         | 10.88%                | Yes           | 2                  | On Loan: No      |
| Ambipar Lux S.a r.l.                                                           | Ambipar Lux S.a r.l.                                                           | CUSIP: N/A<br>LEI: 9845008C0E14F9BDEK55       | Long             | DBT              | CORP              | US        |    250000 | PA      | $234043.43    | 0.04%             | 2031-02-06      | Fixed         | 9.88%                 | Yes           | 2                  | On Loan: No      |
| Montoya Re Ltd.                                                                | Montoya Re Ltd.                                                                | CUSIP: 613752AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1791825.00   | 0.32%             | 2027-04-07      | Floating      | 15.75%                | Yes           | 2                  | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust 2025-NQM2                       | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM2                       | CUSIP: 617941AF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    822000 | PA      | $833443.80    | 0.15%             | 2070-01-25      | Variable      | 6.52%                 | No            | 2                  | On Loan: No      |
| Minerva Luxembourg S.A.                                                        | Minerva Luxembourg S.A.                                                        | CUSIP: N/A<br>LEI: 222100NM3G3RCPGZ2Z17       | Long             | DBT              | CORP              | US        |    330000 | PA      | $356519.58    | 0.06%             | 2033-09-13      | Fixed         | 8.88%                 | Yes           | 2                  | On Loan: No      |
| Eastern Power, LLC                                                             | Eastern Power, LLC                                                             | CUSIP: 87264NAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1967612 | PA      | $1968969.39   | 0.35%             | 2025-10-02      | Floating      | 9.58%                 | No            | 2                  | On Loan: No      |
| Mozart Debt Merger Sub Inc.                                                    | Mozart Debt Merger Sub Inc.                                                    | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    595000 | PA      | $590417.99    | 0.11%             | 2029-10-01      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| Mystic Re IV Ltd.                                                              | Mystic Re IV Ltd.                                                              | CUSIP: 62865LAE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $779250.00    | 0.14%             | 2027-01-08      | Floating      | 16.27%                | Yes           | 2                  | On Loan: No      |
| Olympus Water US Holding Corporation                                           | Olympus Water US Holding Corporation                                           | CUSIP: 681639AD2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71420.36     | 0.01%             | 2031-06-15      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| ONE 2021-PARK Mortgage Trust                                                   | ONE 2021-PARK Mortgage Trust                                                   | CUSIP: 682413AJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    466000 | PA      | $431223.86    | 0.08%             | 2028-03-15      | Floating      | 6.18%                 | No            | 2                  | On Loan: No      |
| Mystic Re IV Ltd.                                                              | Mystic Re IV Ltd.                                                              | CUSIP: 62865LAF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001100.00   | 0.18%             | 2028-01-10      | Floating      | 8.28%                 | Yes           | 2                  | On Loan: No      |
| Mystic Re IV Ltd.                                                              | Mystic Re IV Ltd.                                                              | CUSIP: 62865LAG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $758325.00    | 0.14%             | 2028-01-10      | Floating      | 14.53%                | Yes           | 2                  | On Loan: No      |
| One Market Plaza Trust 2017-1MKT                                               | One Market Plaza Trust 2017-1MKT                                               | CUSIP: 68245HAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    106000 | PA      | $98343.40     | 0.02%             | 2032-02-10      | Fixed         | 3.85%                 | No            | 2                  | On Loan: No      |
| OneMain Finance Corporation                                                    | OneMain Finance Corporation                                                    | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    320000 | PA      | $329081.65    | 0.06%             | 2029-05-15      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| OneMain Finance Corporation                                                    | OneMain Finance Corporation                                                    | CUSIP: 682691AJ9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    220000 | PA      | $224271.10    | 0.04%             | 2032-03-15      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| OneMain Finance Corporation                                                    | OneMain Finance Corporation                                                    | CUSIP: 682691AK6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    165000 | PA      | $170805.38    | 0.03%             | 2032-09-15      | Fixed         | 7.13%                 | No            | 2                  | On Loan: No      |
| 1261229 B.C. Ltd.                                                              | 1261229 B.C. Ltd.                                                              | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    575000 | PA      | $580154.16    | 0.10%             | 2032-04-15      | Fixed         | 10.00%                | Yes           | 2                  | On Loan: No      |
| Opal Bidco SAS                                                                 | Opal Bidco SAS                                                                 | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | US        |    205000 | PA      | $208953.41    | 0.04%             | 2032-03-31      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Bingo Holdings I LLC                                                           | Bingo Holdings I LLC                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1000000 | PA      | $983750.00    | 0.18%             | 2049-12-31      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Amspec Parent LLC                                                              | Amspec Parent LLC                                                              | CUSIP: 03218AAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1300000 | PA      | $1304875.00   | 0.23%             | 2031-12-22      | Floating      | 7.82%                 | No            | 2                  | On Loan: No      |
| NCL Corporation Ltd.                                                           | NCL Corporation Ltd.                                                           | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | US        |    225000 | PA      | $229847.71    | 0.04%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| NRG Energy, Inc.                                                               | NRG Energy, Inc.                                                               | CUSIP: 629377CU4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    570000 | PA      | $631457.89    | 0.11%             | 2500-12-31      | Fixed         | 10.25%                | Yes           | 2                  | On Loan: No      |
| NRG Energy, Inc.                                                               | NRG Energy, Inc.                                                               | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    130000 | PA      | $131305.10    | 0.02%             | 2033-02-01      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| NRG Energy, Inc.                                                               | NRG Energy, Inc.                                                               | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80101.63     | 0.01%             | 2029-07-15      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| The PNC Financial Services Group, Inc.                                         | The PNC Financial Services Group, Inc.                                         | CUSIP: 693475BC8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    805000 | PA      | $777427.78    | 0.14%             | 2500-12-31      | Fixed         | 3.40%                 | No            | 2                  | On Loan: No      |
| Palm Re Ltd.                                                                   | Palm Re Ltd.                                                                   | CUSIP: 69664FAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $750450.00    | 0.13%             | 2028-06-07      | Floating      | 12.09%                | Yes           | 2                  | On Loan: No      |
| Palmer Square Loan Funding 2022-1 Ltd                                          | Palmer Square Loan Funding 2022-1 Ltd                                          | CUSIP: 69702LAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1002905.00   | 0.18%             | 2030-04-15      | Floating      | 11.46%                | No            | 2                  | On Loan: No      |
| Palmer Square CLO 2023-1 Ltd                                                   | Palmer Square CLO 2023-1 Ltd                                                   | CUSIP: 69702UAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $1998480.00   | 0.36%             | 2038-01-20      | Floating      | 9.17%                 | No            | 2                  | On Loan: No      |
| Government of the Republic of Panama                                           | Government of the Republic of Panama                                           | CUSIP: 698299BM5<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | US        |    340000 | PA      | $221850.00    | 0.04%             | 2056-04-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Panther Escrow Issuer LLC                                                      | Panther Escrow Issuer LLC                                                      | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    440000 | PA      | $457216.23    | 0.08%             | 2031-06-01      | Fixed         | 7.13%                 | Yes           | 2                  | On Loan: No      |
| New Residential Mortgage LLC                                                   | New Residential Mortgage LLC                                                   | CUSIP: 62956YAA7<br>LEI: 549300FB4YR8GY21CA08 | Long             | ABS-MBS          | CORP              | US        |    642519 | PA      | $647625.01    | 0.12%             | 2029-11-25      | Fixed         | 7.40%                 | No            | 2                  | On Loan: No      |
| NRZ FHT Excess LLC                                                             | NRZ FHT Excess LLC                                                             | CUSIP: 64832EAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    764521 | PA      | $770057.33    | 0.14%             | 2032-03-25      | Fixed         | 6.54%                 | Yes           | 2                  | On Loan: No      |
| Constellation Oil Services Holding S.A.                                        | Constellation Oil Services Holding S.A.                                        | CUSIP: 650921AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    226000 | PA      | $230219.25    | 0.04%             | 2029-11-07      | Fixed         | 9.38%                 | Yes           | 2                  | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                                          | NextEra Energy Capital Holdings, Inc.                                          | CUSIP: 65339KDE7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    460000 | PA      | $471299.03    | 0.08%             | 2055-08-15      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                                          | NextEra Energy Capital Holdings, Inc.                                          | CUSIP: 65339KDF4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    835000 | PA      | $856791.83    | 0.15%             | 2055-08-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| 1988 CLO 1 Ltd                                                                 | 1988 CLO 1 Ltd                                                                 | CUSIP: 653938AE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2006142.00   | 0.36%             | 2039-10-15      | Floating      | 10.36%                | No            | 2                  | On Loan: No      |
| 1988 CLO 2 Ltd.                                                                | 1988 CLO 2 Ltd.                                                                | CUSIP: 653939AE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $1955172.00   | 0.35%             | 2038-04-15      | Floating      | 9.54%                 | No            | 2                  | On Loan: No      |
| Noble Finance II LLC                                                           | Noble Finance II LLC                                                           | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $305519.06    | 0.05%             | 2030-04-15      | Fixed         | 8.00%                 | Yes           | 2                  | On Loan: No      |
| Northshore Re II Limited                                                       | Northshore Re II Limited                                                       | CUSIP: 666842AE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1930000 | PA      | $1928070.00   | 0.34%             | 2025-07-08      | Floating      | 12.28%                | Yes           | 2                  | On Loan: No      |
| Northshore Re II Limited                                                       | Northshore Re II Limited                                                       | CUSIP: 666842AF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $500100.00    | 0.09%             | 2028-04-07      | Floating      | 9.26%                 | Yes           | 2                  | On Loan: No      |
| Gen Digital Inc.                                                               | Gen Digital Inc.                                                               | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    395000 | PA      | $406062.26    | 0.07%             | 2033-04-01      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Novelis Corporation                                                            | Novelis Corporation                                                            | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    570000 | PA      | $589366.17    | 0.11%             | 2030-01-30      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| OSD CLO 2021-23 Ltd                                                            | OSD CLO 2021-23 Ltd                                                            | CUSIP: 671026AS1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2002976.00   | 0.36%             | 2037-01-21      | Floating      | 7.03%                 | No            | 2                  | On Loan: No      |
| SFO Commercial Mortgage Trust 2021-555                                         | SFO Commercial Mortgage Trust 2021-555                                         | CUSIP: 78432WAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    325000 | PA      | $322830.82    | 0.06%             | 2028-05-15      | Floating      | 5.93%                 | No            | 2                  | On Loan: No      |
| SFO Commercial Mortgage Trust 2021-555                                         | SFO Commercial Mortgage Trust 2021-555                                         | CUSIP: 78432WAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    165000 | PA      | $161619.30    | 0.03%             | 2028-05-15      | Floating      | 6.83%                 | No            | 2                  | On Loan: No      |
| Saavi Energia S.a r.l.                                                         | Saavi Energia S.a r.l.                                                         | CUSIP: 78518PAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $416128.46    | 0.07%             | 2035-02-10      | Fixed         | 8.88%                 | Yes           | 2                  | On Loan: No      |
| Samarco Mineracao S/A                                                          | Samarco Mineracao S/A                                                          | CUSIP: 79588YAA7<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | US        |    388200 | PA      | $381846.22    | 0.07%             | 2031-06-30      | Fixed         | 9.00%                 | Yes           | 2                  | On Loan: No      |
| Sanders Re III Ltd.                                                            | Sanders Re III Ltd.                                                            | CUSIP: 799927AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1031800.00   | 0.18%             | 2028-04-07      | Floating      | 10.04%                | Yes           | 2                  | On Loan: No      |
| GS Mortgage Securities Trust 2017-GS6                                          | GS Mortgage Securities Trust 2017-GS6                                          | CUSIP: 36253PAH5<br>LEI: 549300WZ62L3Y22NOZ64 | Long             | ABS-MBS          | CORP              | US        |    185000 | PA      | $161912.15    | 0.03%             | 2027-05-12      | Fixed         | 3.87%                 | No            | 2                  | On Loan: No      |
| Sanders Re II Ltd.                                                             | Sanders Re II Ltd.                                                             | CUSIP: 80001RAA9<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $987400.00    | 0.18%             | 2029-04-07      | Floating      | 8.29%                 | Yes           | 2                  | On Loan: No      |
| Sanders Re II Ltd.                                                             | Sanders Re II Ltd.                                                             | CUSIP: 80001RAB7<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1002100.00   | 0.18%             | 2029-04-07      | Floating      | 9.54%                 | Yes           | 2                  | On Loan: No      |
| Sasol Financing USA LLC                                                        | Sasol Financing USA LLC                                                        | CUSIP: 80386WAB1<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    290000 | PA      | $275512.42    | 0.05%             | 2028-09-27      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Light & Wonder, Inc.                                                           | Light & Wonder, Inc.                                                           | CUSIP: 80874DAA4<br>LEI: 529900JXALYBOHXKFM62 | Long             | DBT              | CORP              | US        |    450000 | PA      | $433497.22    | 0.08%             | 2030-03-01      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| Sealed Air Corporation                                                         | Sealed Air Corporation                                                         | CUSIP: 812127AB4<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    750000 | PA      | $788986.67    | 0.14%             | 2031-02-15      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Sealed Air Corporation                                                         | Sealed Air Corporation                                                         | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72560.55     | 0.01%             | 2032-07-15      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Gol Finance LLP                                                                | Gol Finance LLP                                                                | CUSIP: 36254VAN8<br>LEI: 5299007RH8MA67ZC6J07 | Long             | DBT              | CORP              | US        |    175000 | PA      | $168233.28    | 0.03%             | 2030-06-05      | Fixed         | 14.38%                | Yes           | 2                  | On Loan: No      |
| Corporation De Securite Garda World                                            | Corporation De Securite Garda World                                            | CUSIP: 36485MAN9<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | US        |    655000 | PA      | $673120.54    | 0.12%             | 2032-08-01      | Fixed         | 8.25%                 | Yes           | 2                  | On Loan: No      |
| Comstock Resources, Inc.                                                       | Comstock Resources, Inc.                                                       | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    770000 | PA      | $772130.88    | 0.14%             | 2029-03-01      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| CONE Trust 2024-DFW1                                                           | CONE Trust 2024-DFW1                                                           | CUSIP: 20682AAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    242000 | PA      | $241998.72    | 0.04%             | 2041-08-15      | Floating      | 7.35%                 | No            | 2                  | On Loan: No      |
| Connecticut Avenue Securities Trust 2022-R02                                   | Connecticut Avenue Securities Trust 2022-R02                                   | CUSIP: 20754BAF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    606000 | PA      | $633566.15    | 0.11%             | 2042-01-27      | Floating      | 8.81%                 | No            | 2                  | On Loan: No      |
| Allied Universal Holdco LLC                                                    | Allied Universal Holdco LLC                                                    | CUSIP: 01957TAH0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1974359 | PA      | $1983085.67   | 0.35%             | 2028-05-04      | Floating      | 8.18%                 | No            | 2                  | On Loan: No      |
| Connecticut Avenue Securities Trust 2022-R08                                   | Connecticut Avenue Securities Trust 2022-R08                                   | CUSIP: 20755DAF3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    175000 | PA      | $188770.59    | 0.03%             | 2042-07-25      | Floating      | 9.91%                 | No            | 2                  | On Loan: No      |
| Consolidated Communications LLC/Fidium Fiber Finan                             | Consolidated Communications LLC/Fidium Fiber Finan                             | CUSIP: 209031AC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1046473.70   | 0.19%             | 2030-05-20      | Fixed         | 9.41%                 | No            | 2                  | On Loan: No      |
| Gateway Re Ltd                                                                 | Gateway Re Ltd                                                                 | CUSIP: 36779CAN6<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500850.00    | 0.09%             | 2027-07-07      | Floating      | 13.80%                | Yes           | 2                  | On Loan: No      |
| Gateway Re Ltd                                                                 | Gateway Re Ltd                                                                 | CUSIP: 36779CAQ9<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | US        |    500000 | PA      | $510000.00    | 0.09%             | 2028-07-07      | Floating      | 14.80%                | Yes           | 2                  | On Loan: No      |
| Gateway Re II Ltd.                                                             | Gateway Re II Ltd.                                                             | CUSIP: 367927AA8<br>LEI: 5493000ENKV5WXNA8Z86 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252225.00    | 0.05%             | 2026-04-27      | Floating      | 13.19%                | Yes           | 2                  | On Loan: No      |
| Genesis Energy, L.P.                                                           | Genesis Energy, L.P.                                                           | CUSIP: 37185LAL6<br>LEI: 549300VJ5D6MDK138782 | Long             | DBT              | CORP              | US        |    535000 | PA      | $542913.99    | 0.10%             | 2028-02-01      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| Genesis Energy, L.P.                                                           | Genesis Energy, L.P.                                                           | CUSIP: 37185LAQ5<br>LEI: 549300VJ5D6MDK138782 | Long             | DBT              | CORP              | US        |    440000 | PA      | $457586.33    | 0.08%             | 2032-05-15      | Fixed         | 7.88%                 | No            | 2                  | On Loan: No      |
| Ghana, Government of                                                           | Ghana, Government of                                                           | CUSIP: 374422AP8<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | US        |    583760 | PA      | $450224.90    | 0.08%             | 2035-07-03      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Goat Holdco LLC                                                                | Goat Holdco LLC                                                                | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    620000 | PA      | $631189.23    | 0.11%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| IHOL-Verwaltungs-GmbH                                                          | IHOL-Verwaltungs-GmbH                                                          | CUSIP: 44963BAF5<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | US        |    325000 | PA      | $333395.10    | 0.06%             | 2030-11-15      | Fixed         | 7.75%                 | Yes           | 2                  | On Loan: No      |
| ING Groep N.V.                                                                 | ING Groep N.V.                                                                 | CUSIP: 456837AZ6<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | US        |    615000 | PA      | $512756.25    | 0.09%             | 2500-12-31      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| IQVIA Inc.                                                                     | IQVIA Inc.                                                                     | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    170000 | PA      | $174467.01    | 0.03%             | 2032-06-01      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Maverick Bidco Inc                                                             | Maverick Bidco Inc                                                             | CUSIP: 57767KAF5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $975630.00    | 0.17%             | 2029-05-18      | Floating      | 11.18%                | No            | 2                  | On Loan: No      |
| Deerfield Dakota Holding, LLC                                                  | Deerfield Dakota Holding, LLC                                                  | CUSIP: 24440EAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1600000 | PA      | $1524000.00   | 0.27%             | 2028-04-07      | Floating      | 11.31%                | No            | 2                  | On Loan: No      |
| Island Finance Trust 2025-1                                                    | Island Finance Trust 2025-1                                                    | CUSIP: 463920AA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    360000 | PA      | $366111.36    | 0.07%             | 2035-03-19      | Fixed         | 6.54%                 | No            | 2                  | On Loan: No      |
| JNL Government Money Market Fund                                               | JNL Government Money Market Fund                                               | CUSIP: 46628D437<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  22688399 | NS      | $22688398.58  | 4.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Consolidated Energy Finance S.A.                                               | Consolidated Energy Finance S.A.                                               | CUSIP: 20914UAH9<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | US        |    335000 | PA      | $329424.73    | 0.06%             | 2031-02-15      | Fixed         | 12.00%                | Yes           | 2                  | On Loan: No      |
| Cougar JV Subsidiary, LLC                                                      | Cougar JV Subsidiary, LLC                                                      | CUSIP: 22208WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    720000 | PA      | $767763.76    | 0.14%             | 2032-05-15      | Fixed         | 8.00%                 | Yes           | 2                  | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust 2022-OPO                | J.P. Morgan Chase Commercial Mortgage Securities Trust 2022-OPO                | CUSIP: 46655AAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    568000 | PA      | $480041.00    | 0.09%             | 2027-01-08      | Variable      | 3.45%                 | No            | 2                  | On Loan: No      |
| Jane Street Group, LLC                                                         | Jane Street Group, LLC                                                         | CUSIP: 47077WAC2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73586.38     | 0.01%             | 2031-04-30      | Fixed         | 7.13%                 | Yes           | 2                  | On Loan: No      |
| Jane Street Group, LLC                                                         | Jane Street Group, LLC                                                         | CUSIP: 47077WAE8<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |    725000 | PA      | $747247.10    | 0.13%             | 2033-05-01      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| JELD-WEN Holding, Inc.                                                         | JELD-WEN Holding, Inc.                                                         | CUSIP: 47580PAA1<br>LEI: 529900AXX7CT9GZSCS30 | Long             | DBT              | CORP              | US        |    470000 | PA      | $367888.75    | 0.07%             | 2032-09-01      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| UBS Group AG                                                                   | UBS Group AG                                                                   | CUSIP: 225401BH0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | US        |    770000 | PA      | $765187.50    | 0.14%             | 2500-12-31      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Crockett Partners Equipment Company IIA LLC                                    | Crockett Partners Equipment Company IIA LLC                                    | CUSIP: 22689LAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    166667 | PA      | $169581.67    | 0.03%             | 2030-01-20      | Fixed         | 6.78%                 | No            | 2                  | On Loan: No      |
| United Parks And Resorts Inc.                                                  | United Parks And Resorts Inc.                                                  | CUSIP: 81282UAG7<br>LEI: 529900G0H4NV3IIK3269 | Long             | DBT              | CORP              | US        |    940000 | PA      | $919293.17    | 0.16%             | 2029-08-15      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| Volofin Finance (Ireland) Designated Activity Company                          | Volofin Finance (Ireland) Designated Activity Company                          | CUSIP: 92873RAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    545912 | PA      | $549623.94    | 0.10%             | 2031-03-17      | Fixed         | 5.93%                 | No            | 3                  | On Loan: No      |
| KKR CLO 43 Ltd                                                                 | KKR CLO 43 Ltd                                                                 | CUSIP: 48256BAD7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1514511.00   | 0.27%             | 2036-01-15      | Floating      | 12.23%                | No            | 2                  | On Loan: No      |
| Kaiser Aluminum Corporation                                                    | Kaiser Aluminum Corporation                                                    | CUSIP: 483007AJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    615000 | PA      | $602657.83    | 0.11%             | 2028-03-01      | Fixed         | 4.63%                 | Yes           | 2                  | On Loan: No      |
| Volofin Finance (Ireland) Designated Activity Company                          | Volofin Finance (Ireland) Designated Activity Company                          | CUSIP: 92873RAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    224925 | PA      | $229625.94    | 0.04%             | 2031-11-17      | Fixed         | 6.21%                 | No            | 3                  | On Loan: No      |
| W. R. Grace Holdings LLC                                                       | W. R. Grace Holdings LLC                                                       | CUSIP: 92943GAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $9052.76      | 0.00%             | 2029-08-15      | Fixed         | 5.63%                 | Yes           | 2                  | On Loan: No      |
| Stabilitas Re Ltd.                                                             | Stabilitas Re Ltd.                                                             | CUSIP: 85237TAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2555000.00   | 0.46%             | 2026-06-05      | Floating      | 12.82%                | Yes           | 2                  | On Loan: No      |
| Standard Building Solutions Inc.                                               | Standard Building Solutions Inc.                                               | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |     70000 | PA      | $66252.28     | 0.01%             | 2030-07-15      | Fixed         | 4.38%                 | Yes           | 2                  | On Loan: No      |
| Star Holding LLC                                                               | Star Holding LLC                                                               | CUSIP: 85512FAC2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1985000 | PA      | $1889481.80   | 0.34%             | 2031-07-18      | Floating      | 8.83%                 | No            | 2                  | On Loan: No      |
| Amentum Government Services Holdings LLC                                       | Amentum Government Services Holdings LLC                                       | CUSIP: 02351XAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1060267 | PA      | $1057616.00   | 0.19%             | 2031-07-31      | Floating      | 6.58%                 | No            | 2                  | On Loan: No      |
| Showtime Acquisition, L.L.C                                                    | Showtime Acquisition, L.L.C                                                    | CUSIP: 82540EAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    997500 | PA      | $1004981.25   | 0.18%             | 2031-08-13      | Floating      | 9.07%                 | No            | 2                  | On Loan: No      |
| Standard Building Solutions Inc.                                               | Standard Building Solutions Inc.                                               | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    375000 | PA      | $336788.67    | 0.06%             | 2031-01-15      | Fixed         | 3.38%                 | Yes           | 2                  | On Loan: No      |
| Star Holdings                                                                  | Star Holdings                                                                  | CUSIP: 85513AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    335000 | PA      | $316210.78    | 0.06%             | 2031-08-01      | Fixed         | 8.75%                 | Yes           | 2                  | On Loan: No      |
| Kaiser Aluminum Corporation                                                    | Kaiser Aluminum Corporation                                                    | CUSIP: 483007AL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $65375.58     | 0.01%             | 2031-06-01      | Fixed         | 4.50%                 | Yes           | 2                  | On Loan: No      |
| Kendall Re Ltd.                                                                | Kendall Re Ltd.                                                                | CUSIP: 48878QAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1558200.00   | 0.28%             | 2027-04-30      | Floating      | 10.57%                | Yes           | 2                  | On Loan: No      |
| W. R. Grace Holdings LLC                                                       | W. R. Grace Holdings LLC                                                       | CUSIP: 92943GAE1<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    305000 | PA      | $312376.58    | 0.06%             | 2031-03-01      | Fixed         | 7.38%                 | Yes           | 2                  | On Loan: No      |
| Wand NewCo 3, Inc.                                                             | Wand NewCo 3, Inc.                                                             | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |    975000 | PA      | $1024977.08   | 0.18%             | 2032-01-30      | Fixed         | 7.63%                 | Yes           | 2                  | On Loan: No      |
| Instructure Holdings, Inc.                                                     | Instructure Holdings, Inc.                                                     | CUSIP: 45115MAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1500000 | PA      | $1511250.00   | 0.27%             | 2032-09-10      | Floating      | 9.21%                 | No            | 2                  | On Loan: No      |
| Help At Home, Inc.                                                             | Help At Home, Inc.                                                             | CUSIP: 40467AAN9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1968408 | PA      | $1906187.11   | 0.34%             | 2031-09-20      | Floating      | 9.33%                 | No            | 2                  | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2017-C39                                 | Wells Fargo Commercial Mortgage Trust 2017-C39                                 | CUSIP: 95000XAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    283000 | PA      | $260835.02    | 0.05%             | 2027-08-17      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| Whitebox CLO II Ltd                                                            | Whitebox CLO II Ltd                                                            | CUSIP: 96466EAJ3<br>LEI: 549300C89ZJ5IWOT1F21 | Long             | ABS-CBDO         | CORP              | US        |   1400000 | PA      | $1407436.80   | 0.25%             | 2037-10-26      | Floating      | 10.03%                | No            | 2                  | On Loan: No      |
| Kendall Re Ltd.                                                                | Kendall Re Ltd.                                                                | CUSIP: 48878QAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $770400.00    | 0.14%             | 2027-04-30      | Floating      | 12.07%                | Yes           | 2                  | On Loan: No      |
| Kilimanjaro III Re Limited                                                     | Kilimanjaro III Re Limited                                                     | CUSIP: 49407PAH3<br>LEI: 254900T37LD5YQ545V53 | Long             | DBT              | CORP              | US        |    275000 | PA      | $273460.00    | 0.05%             | 2026-04-20      | Floating      | 16.63%                | Yes           | 2                  | On Loan: No      |
| Engineered Machinery Holdings, Inc.                                            | Engineered Machinery Holdings, Inc.                                            | CUSIP: 26658NAN9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2011666 | PA      | $2016695.57   | 0.36%             | 2029-05-21      | Floating      | 11.06%                | No            | 2                  | On Loan: No      |
| Aveanna Healthcare, LLC                                                        | Aveanna Healthcare, LLC                                                        | CUSIP: 05549DAJ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    497424 | PA      | $485843.95    | 0.09%             | 2028-07-17      | Floating      | 8.18%                 | No            | 2                  | On Loan: No      |
| Kilimanjaro III Re Limited                                                     | Kilimanjaro III Re Limited                                                     | CUSIP: 49407PAJ9<br>LEI: 254900T37LD5YQ545V53 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498400.00    | 0.09%             | 2026-04-20      | Floating      | 9.13%                 | Yes           | 2                  | On Loan: No      |
| Kilimanjaro III Re Limited                                                     | Kilimanjaro III Re Limited                                                     | CUSIP: 49407PAK6<br>LEI: 254900T37LD5YQ545V53 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500250.00    | 0.09%             | 2026-04-20      | Floating      | 8.83%                 | Yes           | 2                  | On Loan: No      |
| Synechron Inc                                                                  | Synechron Inc                                                                  | CUSIP: 87168HAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1995000 | PA      | $1935150.00   | 0.35%             | 2031-09-25      | Floating      | 8.03%                 | No            | 2                  | On Loan: No      |
| Auris Luxembourg III S.a.r.l.                                                  | Auris Luxembourg III S.a.r.l.                                                  | CUSIP: L0421UAF8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1975050 | PA      | $1976294.28   | 0.35%             | 2029-02-28      | Floating      | 7.88%                 | No            | 2                  | On Loan: No      |
| Auris Luxembourg III S.a.r.l.                                                  | Auris Luxembourg III S.a.r.l.                                                  | CUSIP: L0421UAF8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      4988 | PA      | $4990.64      | 0.00%             | 2029-02-28      | Floating      | 7.88%                 | No            | 2                  | On Loan: No      |
| Windstream Services, LLC                                                       | Windstream Services, LLC                                                       | CUSIP: 97381JAJ2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $2007500.00   | 0.36%             | 2031-09-26      | Floating      | 9.18%                 | No            | 2                  | On Loan: No      |
| Kilimanjaro Re Limited                                                         | Kilimanjaro Re Limited                                                         | CUSIP: 49407QAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1197955.00   | 0.21%             | 2028-06-30      | Floating      | 10.52%                | Yes           | 2                  | On Loan: No      |
| Javelin Buyer, Inc.                                                            | Javelin Buyer, Inc.                                                            | CUSIP: 47189BAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1975000.00   | 0.35%             | 2032-10-08      | Floating      | 9.58%                 | No            | 3                  | On Loan: No      |
| Archkey Solutions LLC                                                          | Archkey Solutions LLC                                                          | CUSIP: 48205CAC9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    894310 | PA      | $900123.36    | 0.16%             | 2031-10-10      | Floating      | 9.03%                 | No            | 2                  | On Loan: No      |
| Bausch Lomb Corp                                                               | Bausch Lomb Corp                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2000000 | PA      | $2001260.00   | 0.36%             | 2030-12-17      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Turkiye Vakiflar Bankasi T.A.O.                                                | Turkiye Vakiflar Bankasi T.A.O.                                                | CUSIP: N/A<br>LEI: 789000KAIHOLSQKQ9858       | Long             | DBT              | CORP              | US        |    340000 | PA      | $359989.08    | 0.06%             | 2028-10-12      | Fixed         | 9.00%                 | Yes           | 2                  | On Loan: No      |
| Cloudera, Inc.                                                                 | Cloudera, Inc.                                                                 | CUSIP: 74339VAE8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1806260.00   | 0.32%             | 2029-10-01      | Floating      | 10.43%                | No            | 2                  | On Loan: No      |
| PMHC II, Inc.                                                                  | PMHC II, Inc.                                                                  | CUSIP: 69346EAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1774885 | PA      | $1546119.99   | 0.28%             | 2029-02-03      | Floating      | 8.64%                 | No            | 2                  | On Loan: No      |
| Williams Scotsman, Inc.                                                        | Williams Scotsman, Inc.                                                        | CUSIP: 96949VAL7<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    390000 | PA      | $410117.86    | 0.07%             | 2031-10-01      | Fixed         | 7.38%                 | Yes           | 2                  | On Loan: No      |
| Willis Engine Structured Trust VIII                                            | Willis Engine Structured Trust VIII                                            | CUSIP: 97063RAB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    284000 | PA      | $283991.79    | 0.05%             | 2031-06-16      | Fixed         | 6.07%                 | No            | 3                  | On Loan: No      |
| Engineered Machinery Holdings, Inc.                                            | Engineered Machinery Holdings, Inc.                                            | CUSIP: 26658NAQ2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    416667 | PA      | $417187.83    | 0.07%             | 2029-05-21      | Floating      | 10.56%                | No            | 2                  | On Loan: No      |
| Vector WP Holdco,Inc                                                           | Vector WP Holdco,Inc                                                           | CUSIP: 92243EAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1994845 | PA      | $1976153.66   | 0.35%             | 2028-10-12      | Floating      | 9.44%                 | No            | 2                  | On Loan: No      |
| Zorlu Enerji Elektrik Uretim Anonim Sirketi                                    | Zorlu Enerji Elektrik Uretim Anonim Sirketi                                    | CUSIP: N/A<br>LEI: 7890005B5CSNL39OYO75       | Long             | DBT              | CORP              | US        |    200000 | PA      | $184546.12    | 0.03%             | 2030-04-23      | Fixed         | 11.00%                | Yes           | 2                  | On Loan: No      |
| Braskem Netherlands Finance B.V.                                               | Braskem Netherlands Finance B.V.                                               | CUSIP: N/A<br>LEI: 2549000TLMHFQ74DS330       | Long             | DBT              | CORP              | US        |    300000 | PA      | $261073.24    | 0.05%             | 2031-01-12      | Fixed         | 8.50%                 | Yes           | 2                  | On Loan: No      |
| Vision Solutions, Inc.                                                         | Vision Solutions, Inc.                                                         | CUSIP: 70477BAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    498708 | PA      | $471902.45    | 0.08%             | 2028-04-24      | Floating      | 8.54%                 | No            | 2                  | On Loan: No      |
| NEXUS Buyer LLC                                                                | NEXUS Buyer LLC                                                                | CUSIP: 65343UAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1982140.00   | 0.35%             | 2029-10-29      | Floating      | 10.68%                | No            | 2                  | On Loan: No      |
| RealPage, Inc                                                                  | RealPage, Inc                                                                  | CUSIP: 75605VAH5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1496250 | PA      | $1496250.00   | 0.27%             | 2028-04-24      | Floating      | 8.05%                 | No            | 2                  | On Loan: No      |
| Prairie ECI Acquiror LP                                                        | Prairie ECI Acquiror LP                                                        | CUSIP: 73955HAE4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1975075 | PA      | $1985562.65   | 0.35%             | 2029-08-01      | Floating      | 8.58%                 | No            | 2                  | On Loan: No      |
| Ascend Learning, LLC                                                           | Ascend Learning, LLC                                                           | CUSIP: 04349HAM6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    674735 | PA      | $674566.42    | 0.12%             | 2029-11-18      | Floating      | 10.18%                | No            | 2                  | On Loan: No      |
| Aveanna Healthcare, LLC                                                        | Aveanna Healthcare, LLC                                                        | CUSIP: 05355JAD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1900000 | PA      | $1854400.00   | 0.33%             | 2029-12-08      | Floating      | 11.48%                | No            | 2                  | On Loan: No      |
| LIDS Holdings, Inc.                                                            | LIDS Holdings, Inc.                                                            | CUSIP: 53173EAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    130757 | PA      | $129449.27    | 0.02%             | 2026-12-03      | Floating      | 9.96%                 | No            | 2                  | On Loan: No      |
| Icebox Holdco III Inc                                                          | Icebox Holdco III Inc                                                          | CUSIP: 45114NAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $999170.00    | 0.18%             | 2049-12-31      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| The Democratic Socialist Republic of Sri Lanka                                 | The Democratic Socialist Republic of Sri Lanka                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | US        |    232753 | PA      | $218206.13    | 0.04%             | 2028-04-15      | Fixed         | 4.00%                 | Yes           | 2                  | On Loan: No      |
| The Democratic Socialist Republic of Sri Lanka                                 | The Democratic Socialist Republic of Sri Lanka                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | US        |    430575 | PA      | $346612.88    | 0.06%             | 2038-02-15      | Fixed         | 3.60%                 | Yes           | 2                  | On Loan: No      |
| Windsor Holdings III, LLC                                                      | Windsor Holdings III, LLC                                                      | CUSIP: 97360AAA5<br>LEI: 254900IXUJZ9H146T437 | Long             | DBT              | CORP              | US        |    580000 | PA      | $621571.05    | 0.11%             | 2030-06-15      | Fixed         | 8.50%                 | Yes           | 2                  | On Loan: No      |
| Windstream Services, LLC                                                       | Windstream Services, LLC                                                       | CUSIP: 97381AAA0<br>LEI: 549300L3SXBFJVGRCF66 | Long             | DBT              | CORP              | US        |    355000 | PA      | $371805.54    | 0.07%             | 2031-10-01      | Fixed         | 8.25%                 | Yes           | 2                  | On Loan: No      |
| Cast and Crew Payroll, LLC                                                     | Cast and Crew Payroll, LLC                                                     | CUSIP: 14835JAQ3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1974419 | PA      | $1863713.00   | 0.33%             | 2028-12-30      | Floating      | 8.08%                 | No            | 2                  | On Loan: No      |
| Team Health Holdings, Inc.                                                     | Team Health Holdings, Inc.                                                     | CUSIP: 87817JAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2481289 | PA      | $2465383.91   | 0.44%             | 2027-03-02      | Floating      | 9.53%                 | No            | 2                  | On Loan: No      |
| Orsted A/S                                                                     | Orsted A/S                                                                     | CUSIP: N/A<br>LEI: W9NG6WMZIYEU8VEDOG48       | Long             | DBT              | CORP              | DK        |    250000 | PA      | $297800.65    | 0.05%             | 2500-12-31      | Fixed         | 5.13%                 | Yes           | 2                  | On Loan: No      |
| RAC Bond Co PLC                                                                | RAC Bond Co PLC                                                                | CUSIP: N/A<br>LEI: 2138008FCM2SUNLC7B21       | Long             | DBT              | CORP              | GB        |    200000 | PA      | $269401.72    | 0.05%             | 2027-11-04      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| IRIS Holdings Inc.                                                             | IRIS Holdings Inc.                                                             | CUSIP: 46271BAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1021061 | PA      | $991592.84    | 0.18%             | 2028-06-15      | Floating      | 9.13%                 | No            | 2                  | On Loan: No      |
| IRIS Holdings Inc.                                                             | IRIS Holdings Inc.                                                             | CUSIP: 46271BAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    964902 | PA      | $937055.14    | 0.17%             | 2028-06-15      | Floating      | 9.13%                 | No            | 2                  | On Loan: No      |
| CommScope, Inc.                                                                | CommScope, Inc.                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1868644 | PA      | $1889087.24   | 0.34%             | 2029-12-15      | Floating      | 9.58%                 | No            | 2                  | On Loan: No      |
| Great Outdoors Group, LLC                                                      | Great Outdoors Group, LLC                                                      | CUSIP: 07014QAP6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1990000 | PA      | $1984408.10   | 0.35%             | 2032-01-20      | Floating      | 7.58%                 | No            | 2                  | On Loan: No      |
| Prosus N.V.                                                                    | Prosus N.V.                                                                    | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | DBT              | CORP              | US        |    390000 | PA      | $250393.65    | 0.04%             | 2051-02-08      | Fixed         | 3.83%                 | Yes           | 2                  | On Loan: No      |
| Presidencia de la Republica de El Salvador                                     | Presidencia de la Republica de El Salvador                                     | CUSIP: N/A<br>LEI: 529900AKDMUSFSDOM949       | Long             | DBT              | NUSS              | US        |    660000 | PA      | $676500.00    | 0.12%             | 2052-07-15      | Fixed         | 9.50%                 | Yes           | 2                  | On Loan: No      |
| CTEC II GmbH                                                                   | CTEC II GmbH                                                                   | CUSIP: N/A<br>LEI: 98450044C9BACG3DA974       | Long             | DBT              | CORP              | DE        |    200000 | PA      | $199924.14    | 0.04%             | 2030-02-15      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| Boels Topholding B.V.                                                          | Boels Topholding B.V.                                                          | CUSIP: N/A<br>LEI: 724500V913SEHSEW2O75       | Long             | DBT              | CORP              | NL        |    125000 | PA      | $152261.90    | 0.03%             | 2029-02-15      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Synthomer PLC                                                                  | Synthomer PLC                                                                  | CUSIP: N/A<br>LEI: 213800EHT3TI1KPQQJ56       | Long             | DBT              | CORP              | GB        |    200000 | PA      | $232748.91    | 0.04%             | 2029-05-02      | Fixed         | 7.38%                 | Yes           | 2                  | On Loan: No      |
| Orsted A/S                                                                     | Orsted A/S                                                                     | CUSIP: N/A<br>LEI: W9NG6WMZIYEU8VEDOG48       | Long             | DBT              | CORP              | DK        |    150000 | PA      | $179342.99    | 0.03%             | 3022-12-08      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| United Group B.V.                                                              | United Group B.V.                                                              | CUSIP: N/A<br>LEI: 213800PC85O8BJ7DU398       | Long             | DBT              | CORP              | NL        |    200000 | PA      | $235001.15    | 0.04%             | 2030-02-01      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| Snf Group                                                                      | Snf Group                                                                      | CUSIP: N/A<br>LEI: 969500F7036FEDYPRV54       | Long             | DBT              | CORP              | FR        |    100000 | PA      | $120668.09    | 0.02%             | 2032-03-15      | Fixed         | 4.50%                 | Yes           | 2                  | On Loan: No      |
| Government of Commonwealth of the Bahamas                                      | Government of Commonwealth of the Bahamas                                      | CUSIP: N/A<br>LEI: 549300W13SXC7EKNJC20       | Long             | DBT              | NUSS              | US        |    360000 | PA      | $368100.00    | 0.07%             | 2036-06-24      | Fixed         | 8.25%                 | Yes           | 2                  | On Loan: No      |
| Banco Davivienda S A                                                           | Banco Davivienda S A                                                           | CUSIP: N/A<br>LEI: 549300P161V4IPKAQS70       | Long             | DBT              | CORP              | US        |    300000 | PA      | $266735.40    | 0.05%             | 2500-12-31      | Fixed         | 6.65%                 | Yes           | 2                  | On Loan: No      |
| Playtech PLC                                                                   | Playtech PLC                                                                   | CUSIP: N/A<br>LEI: 21380068TTB6Z9ZEU548       | Long             | DBT              | CORP              | IM        |    260000 | PA      | $314184.17    | 0.06%             | 2028-06-28      | Fixed         | 5.88%                 | Yes           | 2                  | On Loan: No      |
| Peu (Fin) PLC                                                                  | Peu (Fin) PLC                                                                  | CUSIP: N/A<br>LEI: 213800G4WKC4TX8X3R23       | Long             | DBT              | CORP              | GB        |    250000 | PA      | $305039.16    | 0.05%             | 2028-07-01      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Banco Actinver, S.A., Institucion de Banca Multiple, Grupo Financiero Actinver | Banco Actinver, S.A., Institucion de Banca Multiple, Grupo Financiero Actinver | CUSIP: N/A<br>LEI: 4469000001BLWI4LQJ08       | Long             | DBT              | CORP              | US        |    198850 | PA      | $201474.89    | 0.04%             | 2041-01-31      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Banco Mercantil Del Norte S.A                                                  | Banco Mercantil Del Norte S.A                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    215000 | PA      | $198667.27    | 0.04%             | 2500-12-31      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| TK Elevator Holdco GmbH                                                        | TK Elevator Holdco GmbH                                                        | CUSIP: N/A<br>LEI: 2549008GCHWX9EEMIS56       | Long             | DBT              | CORP              | DE        |    270000 | PA      | $318234.32    | 0.06%             | 2028-07-15      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| Vertical Midco GmbH                                                            | Vertical Midco GmbH                                                            | CUSIP: N/A<br>LEI: 254900K869UN2ZWVB351       | Long             | DBT              | CORP              | DE        |    160000 | PA      | $188032.96    | 0.03%             | 2027-07-15      | Fixed         | 4.38%                 | Yes           | 2                  | On Loan: No      |
| Gobierno de la Provincia de Buenos Aires                                       | Gobierno de la Provincia de Buenos Aires                                       | CUSIP: N/A<br>LEI: 549300L6AYROPOTQ4L07       | Long             | DBT              | NUSS              | US        |   1025581 | PA      | $742264.25    | 0.13%             | 2037-09-01      | Variable      | 6.63%                 | Yes           | 2                  | On Loan: No      |
| Presidencia de la Republica Dominicana                                         | Presidencia de la Republica Dominicana                                         | CUSIP: N/A<br>LEI: 254900EHU7Q8FGVPI369       | Long             | DBT              | NUSS              | US        |    534000 | PA      | $530662.50    | 0.09%             | 2045-01-27      | Fixed         | 6.85%                 | Yes           | 2                  | On Loan: No      |
| Presidencia de la Republica Dominicana                                         | Presidencia de la Republica Dominicana                                         | CUSIP: N/A<br>LEI: 254900EHU7Q8FGVPI369       | Long             | DBT              | NUSS              | US        |    550000 | PA      | $577500.00    | 0.10%             | 2031-02-03      | Fixed         | 7.05%                 | Yes           | 2                  | On Loan: No      |
| Gobierno de la Republica de Guatemala                                          | Gobierno de la Republica de Guatemala                                          | CUSIP: N/A<br>LEI: 529900QKDFFU9UWW5315       | Long             | DBT              | NUSS              | US        |    760000 | PA      | $775200.00    | 0.14%             | 2036-06-13      | Fixed         | 6.60%                 | Yes           | 2                  | On Loan: No      |
| Gobierno De La Republica De Honduras                                           | Gobierno De La Republica De Honduras                                           | CUSIP: N/A<br>LEI: 5493002DW1JNBNG17615       | Long             | DBT              | NUSS              | US        |    600000 | PA      | $630000.00    | 0.11%             | 2034-11-27      | Fixed         | 8.63%                 | Yes           | 2                  | On Loan: No      |
| Gobierno de la Republica del Ecuador                                           | Gobierno de la Republica del Ecuador                                           | CUSIP: N/A<br>LEI: 5299003Y2U5XK0A35H71       | Long             | DBT              | NUSS              | US        |    587189 | PA      | $510120.44    | 0.09%             | 2030-07-31      | Fixed         | 6.90%                 | Yes           | 2                  | On Loan: No      |
| Gobierno de la Republica del Ecuador                                           | Gobierno de la Republica del Ecuador                                           | CUSIP: N/A<br>LEI: 5299003Y2U5XK0A35H71       | Long             | DBT              | NUSS              | US        |    630084 | PA      | $455235.69    | 0.08%             | 2035-07-31      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| VTR Finance N.V.                                                               | VTR Finance N.V.                                                               | CUSIP: N/A<br>LEI: 213800F4XI4RJB82XM19       | Long             | DBT              | CORP              | US        |    400000 | PA      | $382632.81    | 0.07%             | 2028-07-15      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| Sierracol Energy Andina, LLC                                                   | Sierracol Energy Andina, LLC                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    550000 | PA      | $509217.50    | 0.09%             | 2028-06-15      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| Banque Ouest Africaine De Developpement                                        | Banque Ouest Africaine De Developpement                                        | CUSIP: N/A<br>LEI: 529900LIZJABE4JJS826       | Long             | DBT              | CORP              | US        |    240000 | PA      | $218626.63    | 0.04%             | 2031-10-22      | Fixed         | 4.70%                 | Yes           | 2                  | On Loan: No      |
| Nigeria, Federal Government of                                                 | Nigeria, Federal Government of                                                 | CUSIP: N/A<br>LEI: 549300GSBZD84TNEQ285       | Long             | DBT              | NUSS              | US        |    780000 | PA      | $673725.00    | 0.12%             | 2038-02-23      | Fixed         | 7.70%                 | Yes           | 2                  | On Loan: No      |
| Nigeria, Federal Government of                                                 | Nigeria, Federal Government of                                                 | CUSIP: N/A<br>LEI: 549300GSBZD84TNEQ285       | Long             | DBT              | NUSS              | US        |    200000 | PA      | $165500.00    | 0.03%             | 2051-09-28      | Fixed         | 8.25%                 | Yes           | 2                  | On Loan: No      |
| Greenko Power II Limited                                                       | Greenko Power II Limited                                                       | CUSIP: N/A<br>LEI: 254900YYA4B6O2O4JM12       | Long             | DBT              | CORP              | US        |    167000 | PA      | $156722.74    | 0.03%             | 2028-12-13      | Fixed         | 4.30%                 | Yes           | 2                  | On Loan: No      |
| Government of the Republic of Zambia                                           | Government of the Republic of Zambia                                           | CUSIP: N/A<br>LEI: 213800DMLAZ6LGMMD849       | Long             | DBT              | NUSS              | US        |    422334 | PA      | $285075.45    | 0.05%             | 2053-12-31      | Fixed         | 0.50%                 | Yes           | 2                  | On Loan: No      |
| Eroski Sociedad Cooperativa                                                    | Eroski Sociedad Cooperativa                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | ES        |    300000 | PA      | $379104.57    | 0.07%             | 2029-04-30      | Fixed         | 10.63%                | Yes           | 2                  | On Loan: No      |
| Veolia Environnement                                                           | Veolia Environnement                                                           | CUSIP: N/A<br>LEI: 969500LENY69X51OOT31       | Long             | DBT              | CORP              | FR        |    300000 | PA      | $337482.86    | 0.06%             | 2500-12-31      | Fixed         | 2.50%                 | Yes           | 2                  | On Loan: No      |
| Government of the Republic of Zambia                                           | Government of the Republic of Zambia                                           | CUSIP: N/A<br>LEI: 213800DMLAZ6LGMMD849       | Long             | DBT              | NUSS              | US        |    484683 | PA      | $443485.11    | 0.08%             | 2033-06-30      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| Axis Bank Limited                                                              | Axis Bank Limited                                                              | CUSIP: N/A<br>LEI: 549300HVNWMJPOFVNI41       | Long             | DBT              | CORP              | US        |    300000 | PA      | $291121.70    | 0.05%             | 2500-12-31      | Fixed         | 4.10%                 | Yes           | 2                  | On Loan: No      |
| The Democratic Socialist Republic of Sri Lanka                                 | The Democratic Socialist Republic of Sri Lanka                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | US        |    234113 | PA      | $207775.29    | 0.04%             | 2030-01-15      | Fixed         | 3.10%                 | Yes           | 2                  | On Loan: No      |
| The Democratic Socialist Republic of Sri Lanka                                 | The Democratic Socialist Republic of Sri Lanka                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | US        |    459209 | PA      | $367367.20    | 0.07%             | 2033-03-15      | Fixed         | 3.35%                 | Yes           | 2                  | On Loan: No      |
| Heimstaden Bostad AB                                                           | Heimstaden Bostad AB                                                           | CUSIP: N/A<br>LEI: 549300TJR3PR8EXILG79       | Long             | DBT              | CORP              | SE        |    200000 | PA      | $227530.59    | 0.04%             | 2027-03-06      | Fixed         | 4.38%                 | Yes           | 2                  | On Loan: No      |
| Wintershall Dea GmbH                                                           | Wintershall Dea GmbH                                                           | CUSIP: N/A<br>LEI: 529900PP4O3OCBMO9C52       | Long             | DBT              | CORP              | NL        |    300000 | PA      | $330856.89    | 0.06%             | 2500-12-31      | Fixed         | 3.00%                 | Yes           | 2                  | On Loan: No      |
| CD&R Firefly Bidco PLC                                                         | CD&R Firefly Bidco PLC                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | GB        |    100000 | PA      | $141164.67    | 0.03%             | 2029-04-30      | Fixed         | 8.63%                 | Yes           | 2                  | On Loan: No      |
| Motion Finco S.a r.l.                                                          | Motion Finco S.a r.l.                                                          | CUSIP: N/A<br>LEI: 2549002L1LBQZKA7UN30       | Long             | DBT              | CORP              | LU        |    149000 | PA      | $163997.38    | 0.03%             | 2030-06-15      | Fixed         | 7.38%                 | Yes           | 2                  | On Loan: No      |
| Joint Stock Company National Company Kazmunaygas                               | Joint Stock Company National Company Kazmunaygas                               | CUSIP: N/A<br>LEI: 2138001H1M69RFJCSH88       | Long             | DBT              | CORP              | US        |    390000 | PA      | $336166.74    | 0.06%             | 2033-04-14      | Fixed         | 3.50%                 | Yes           | 2                  | On Loan: No      |
| People's Government of Inner Mongolia Autonomous Region                        | People's Government of Inner Mongolia Autonomous Region                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | US        |    310000 | PA      | $321625.00    | 0.06%             | 2029-06-05      | Fixed         | 7.88%                 | Yes           | 2                  | On Loan: No      |
| Bayer Aktiengesellschaft                                                       | Bayer Aktiengesellschaft                                                       | CUSIP: N/A<br>LEI: 549300J4U55H3WP1XT59       | Long             | DBT              | CORP              | DE        |    300000 | PA      | $354710.39    | 0.06%             | 2082-03-25      | Fixed         | 5.38%                 | Yes           | 2                  | On Loan: No      |
| Heimstaden AB                                                                  | Heimstaden AB                                                                  | CUSIP: N/A<br>LEI: 549300WD2QBD89VBPV88       | Long             | DBT              | CORP              | SE        |    100000 | PA      | $90404.18     | 0.02%             | 2500-12-31      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Castellum Aktiebolag                                                           | Castellum Aktiebolag                                                           | CUSIP: N/A<br>LEI: 549300GU5OHTR1T5IY68       | Long             | DBT              | CORP              | SE        |    250000 | PA      | $287861.69    | 0.05%             | 2500-12-31      | Fixed         | 3.13%                 | Yes           | 2                  | On Loan: No      |
| Monitchem Holdco 3 S.A.                                                        | Monitchem Holdco 3 S.A.                                                        | CUSIP: N/A<br>LEI: 222100SJHJ1CNJMSW162       | Long             | DBT              | CORP              | LU        |    150000 | PA      | $177765.12    | 0.03%             | 2028-05-01      | Fixed         | 8.75%                 | Yes           | 2                  | On Loan: No      |
| Food Service Project SL                                                        | Food Service Project SL                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | ES        |    163000 | PA      | $192405.33    | 0.03%             | 2027-01-21      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Verisure Holding AB                                                            | Verisure Holding AB                                                            | CUSIP: N/A<br>LEI: 549300VQQCWGISM3N408       | Long             | DBT              | CORP              | SE        |    300000 | PA      | $350402.62    | 0.06%             | 2027-02-15      | Fixed         | 3.25%                 | Yes           | 2                  | On Loan: No      |
| Verisure Midholding AB                                                         | Verisure Midholding AB                                                         | CUSIP: N/A<br>LEI: 549300496LYEZ55X1M49       | Long             | DBT              | CORP              | SE        |    300000 | PA      | $355088.51    | 0.06%             | 2029-02-15      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| Presidence de la Republique de Cote d'Ivoire                                   | Presidence de la Republique de Cote d'Ivoire                                   | CUSIP: N/A<br>LEI: 254900ICW11T82O6H590       | Long             | DBT              | NUSS              | CI        |    960000 | PA      | $1010387.64   | 0.18%             | 2032-01-30      | Fixed         | 4.88%                 | Yes           | 2                  | On Loan: No      |
| Deuce Finco PLC                                                                | Deuce Finco PLC                                                                | CUSIP: N/A<br>LEI: 9845007DA2BC863E8437       | Long             | DBT              | CORP              | GB        |    150000 | PA      | $203879.66    | 0.04%             | 2027-06-15      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| British Telecommunications Public Limited Company                              | British Telecommunications Public Limited Company                              | CUSIP: N/A<br>LEI: 549300OWFMSO9NYV4H90       | Long             | DBT              | CORP              | GB        |    260000 | PA      | $382763.36    | 0.07%             | 2083-12-20      | Fixed         | 8.38%                 | Yes           | 2                  | On Loan: No      |
| 888 Acquisitions Limited                                                       | 888 Acquisitions Limited                                                       | CUSIP: N/A<br>LEI: 254900RFD0BP3JOPZU89       | Long             | DBT              | CORP              | GB        |    150000 | PA      | $177538.95    | 0.03%             | 2027-07-15      | Fixed         | 7.56%                 | Yes           | 2                  | On Loan: No      |
| The Democratic Socialist Republic of Sri Lanka                                 | The Democratic Socialist Republic of Sri Lanka                                 | CUSIP: N/A<br>LEI: 254900HXCCIOHM74FA02       | Long             | DBT              | NUSS              | US        |     50000 | PA      | $40000.00     | 0.01%             | 2033-03-15      | Fixed         | 3.35%                 | Yes           | 2                  | On Loan: No      |
| Ceconomy AG                                                                    | Ceconomy AG                                                                    | CUSIP: N/A<br>LEI: 5299001X9L42HXEBCZ51       | Long             | DBT              | CORP              | DE        |    330000 | PA      | $404641.95    | 0.07%             | 2029-07-15      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Assemblin Caverion Group AB                                                    | Assemblin Caverion Group AB                                                    | CUSIP: N/A<br>LEI: 636700ULD38LN63RC248       | Long             | DBT              | CORP              | SE        |    250000 | PA      | $302618.47    | 0.05%             | 2030-07-01      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Albion Financing 3 SARL                                                        | Albion Financing 3 SARL                                                        | CUSIP: 00847NAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1559104 | PA      | $1560086.64   | 0.28%             | 2029-08-16      | Floating      | 7.32%                 | No            | 2                  | On Loan: No      |
| Albion Financing 3 SARL                                                        | Albion Financing 3 SARL                                                        | CUSIP: 00847NAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    420946 | PA      | $421210.80    | 0.08%             | 2029-08-16      | Floating      | 7.32%                 | No            | 2                  | On Loan: No      |
| Schaeffler AG                                                                  | Schaeffler AG                                                                  | CUSIP: N/A<br>LEI: 549300Q7E782X7GC1P43       | Long             | DBT              | CORP              | DE        |    500000 | PA      | $588109.53    | 0.11%             | 2030-03-28      | Fixed         | 4.50%                 | Yes           | 2                  | On Loan: No      |
| Telefonica Europe B.V.                                                         | Telefonica Europe B.V.                                                         | CUSIP: N/A<br>LEI: 7245007FZS0M65WUGP67       | Long             | DBT              | CORP              | NL        |    200000 | PA      | $258560.17    | 0.05%             | 2500-12-31      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Ascend Learning, LLC                                                           | Ascend Learning, LLC                                                           | CUSIP: 04349HAN4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    500000 | PA      | $499690.00    | 0.09%             | 2028-12-11      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Jack Ohio Finance LLC                                                          | Jack Ohio Finance LLC                                                          | CUSIP: 46647KAK3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1995000 | PA      | $1977543.75   | 0.35%             | 2032-01-28      | Floating      | 8.33%                 | No            | 2                  | On Loan: No      |
| S&S Holdings LLC                                                               | S&S Holdings LLC                                                               | CUSIP: 78524HAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1969231 | PA      | $1925750.13   | 0.34%             | 2028-03-11      | Floating      | 9.42%                 | No            | 2                  | On Loan: No      |
| Peraton Corp.                                                                  | Peraton Corp.                                                                  | CUSIP: 71360HAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    790000 | PA      | $549050.00    | 0.10%             | 2029-02-01      | Floating      | 12.18%                | No            | 2                  | On Loan: No      |
| Fluid-Flow Products, Inc.                                                      | Fluid-Flow Products, Inc.                                                      | CUSIP: 30260UAF2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2100000 | PA      | $2094750.00   | 0.37%             | 2029-03-30      | Floating      | 11.31%                | No            | 2                  | On Loan: No      |
| Vision Solutions, Inc.                                                         | Vision Solutions, Inc.                                                         | CUSIP: 92834PAR4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1800000 | PA      | $1658250.00   | 0.30%             | 2029-04-23      | Floating      | 11.79%                | No            | 2                  | On Loan: No      |
| Olympus Water US Holding Corporation                                           | Olympus Water US Holding Corporation                                           | CUSIP: N/A<br>LEI: 2549002I12VHJWR4RC85       | Long             | DBT              | CORP              | US        |    300000 | PA      | $369761.06    | 0.07%             | 2028-11-15      | Fixed         | 9.63%                 | Yes           | 2                  | On Loan: No      |
| Landesbank Baden-Wurttemberg                                                   | Landesbank Baden-Wurttemberg                                                   | CUSIP: N/A<br>LEI: B81CK4ESI35472RHJ606       | Long             | DBT              | CORP              | DE        |    200000 | PA      | $237062.57    | 0.04%             | 2500-12-31      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Boels Topholding B.V.                                                          | Boels Topholding B.V.                                                          | CUSIP: N/A<br>LEI: 724500V913SEHSEW2O75       | Long             | DBT              | CORP              | NL        |    100000 | PA      | $122043.93    | 0.02%             | 2030-05-15      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| Aramark International Finance S.a r.l.                                         | Aramark International Finance S.a r.l.                                         | CUSIP: N/A<br>LEI: 5493006HLPNGDDC12P30       | Long             | DBT              | CORP              | LU        |    150000 | PA      | $174134.09    | 0.03%             | 2033-04-15      | Fixed         | 4.38%                 | Yes           | 2                  | On Loan: No      |
| Park Intermediate Holdings LLC                                                 | Park Intermediate Holdings LLC                                                 | CUSIP: 70052LAB9<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |    390000 | PA      | $389388.03    | 0.07%             | 2028-10-01      | Fixed         | 5.88%                 | Yes           | 2                  | On Loan: No      |
| PENN Entertainment, Inc.                                                       | PENN Entertainment, Inc.                                                       | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $64876.58     | 0.01%             | 2029-07-01      | Fixed         | 4.13%                 | Yes           | 2                  | On Loan: No      |
| PennyMac Financial Services, Inc.                                              | PennyMac Financial Services, Inc.                                              | CUSIP: 70932MAF4<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    395000 | PA      | $404792.25    | 0.07%             | 2033-02-15      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| PennyMac Financial Services, Inc.                                              | PennyMac Financial Services, Inc.                                              | CUSIP: 70932MAG2<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    405000 | PA      | $414504.46    | 0.07%             | 2032-05-15      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| Petroleos Mexicanos                                                            | Petroleos Mexicanos                                                            | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | US        |   1220000 | PA      | $960751.22    | 0.17%             | 2050-01-23      | Fixed         | 7.69%                 | No            | 2                  | On Loan: No      |
| Pluspetrol SA                                                                  | Pluspetrol SA                                                                  | CUSIP: 72942BAA3<br>LEI: 254900QSCHBUBX6J6H71 | Long             | DBT              | CORP              | US        |    189000 | PA      | $190908.94    | 0.03%             | 2032-05-30      | Fixed         | 8.50%                 | Yes           | 2                  | On Loan: No      |
| Post Holdings, Inc.                                                            | Post Holdings, Inc.                                                            | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    260000 | PA      | $262444.50    | 0.05%             | 2033-03-01      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| Prime Security Services Borrower, LLC                                          | Prime Security Services Borrower, LLC                                          | CUSIP: 74166MAE6<br>LEI: 549300O6QPZVWXV2DC15 | Long             | DBT              | CORP              | US        |    510000 | PA      | $511167.75    | 0.09%             | 2028-01-15      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| PRM Trust 2025-PRM6                                                            | PRM Trust 2025-PRM6                                                            | CUSIP: 74277DAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    833000 | PA      | $826056.36    | 0.15%             | 2028-07-05      | Variable      | 6.58%                 | No            | 2                  | On Loan: No      |
| Provident Funding Mortgage Loan Trust 2005-1                                   | Provident Funding Mortgage Loan Trust 2005-1                                   | CUSIP: 74387UAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    265000 | PA      | $278661.17    | 0.05%             | 2029-09-15      | Fixed         | 9.75%                 | Yes           | 2                  | On Loan: No      |
| Purple Re Ltd.                                                                 | Purple Re Ltd.                                                                 | CUSIP: 74639NAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1748775.00   | 0.31%             | 2028-06-07      | Floating      | 11.56%                | Yes           | 2                  | On Loan: No      |
| Purple Re Ltd.                                                                 | Purple Re Ltd.                                                                 | CUSIP: 74639NAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $500000.00    | 0.09%             | 2028-06-07      | Floating      | 12.06%                | Yes           | 2                  | On Loan: No      |
| Queen Street 2023 Re Designated Activity Company                               | Queen Street 2023 Re Designated Activity Company                               | CUSIP: 747977AA4<br>LEI: 635400VHHVVMXL5BJI05 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2392080.00   | 0.43%             | 2025-12-08      | Floating      | 11.80%                | Yes           | 2                  | On Loan: No      |
| Queen Mergerco, Inc.                                                           | Queen Mergerco, Inc.                                                           | CUSIP: 74825NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $387159.48    | 0.07%             | 2032-04-30      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Quikrete Holdings, Inc.                                                        | Quikrete Holdings, Inc.                                                        | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    465000 | PA      | $478451.67    | 0.09%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| Quikrete Holdings, Inc.                                                        | Quikrete Holdings, Inc.                                                        | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    290000 | PA      | $299143.49    | 0.05%             | 2033-03-01      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| RHP Hotel Properties, LP                                                       | RHP Hotel Properties, LP                                                       | CUSIP: 749571AL9<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154433.86    | 0.03%             | 2033-06-15      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| RR 34 LTD                                                                      | RR 34 LTD                                                                      | CUSIP: 74988XAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2020162.00   | 0.36%             | 2039-10-15      | Floating      | 9.76%                 | No            | 2                  | On Loan: No      |
| SPX Flow, Inc.                                                                 | SPX Flow, Inc.                                                                 | CUSIP: 758071AA2<br>LEI: 5493003YXEKRBINIEM78 | Long             | DBT              | CORP              | US        |    690000 | PA      | $715707.57    | 0.13%             | 2030-04-01      | Fixed         | 8.75%                 | Yes           | 2                  | On Loan: No      |
| Residential Reinsurance 2024 Ltd.                                              | Residential Reinsurance 2024 Ltd.                                              | CUSIP: 76112AAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1006600.00   | 0.18%             | 2028-12-06      | Floating      | 11.34%                | Yes           | 2                  | On Loan: No      |
| Residential Reinsurance 2024 Ltd.                                              | Residential Reinsurance 2024 Ltd.                                              | CUSIP: 76112AAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1247500.00   | 0.22%             | 2028-12-06      | Floating      | 9.59%                 | Yes           | 2                  | On Loan: No      |
| Resideo Funding Inc.                                                           | Resideo Funding Inc.                                                           | CUSIP: 76119LAD3<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |    580000 | PA      | $594525.94    | 0.11%             | 2032-07-15      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Riverfront Re Ltd.                                                             | Riverfront Re Ltd.                                                             | CUSIP: 76870YAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $746625.00    | 0.13%             | 2029-01-08      | Floating      | 12.01%                | Yes           | 2                  | On Loan: No      |
| Rocket Companies, Inc.                                                         | Rocket Companies, Inc.                                                         | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $178337.66    | 0.03%             | 2030-08-01      | Fixed         | 6.13%                 | Yes           | 2                  | On Loan: No      |
| Rocket Companies, Inc.                                                         | Rocket Companies, Inc.                                                         | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    235000 | PA      | $240498.88    | 0.04%             | 2033-08-01      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| AB BSL CLO 5 Ltd                                                               | AB BSL CLO 5 Ltd                                                               | CUSIP: 00038GAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    750000 | PA      | $752677.50    | 0.13%             | 2038-01-20      | Floating      | 7.41%                 | No            | 2                  | On Loan: No      |
| AES Corporation, The                                                           | AES Corporation, The                                                           | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    720000 | PA      | $704079.30    | 0.13%             | 2055-07-15      | Fixed         | 6.95%                 | No            | 2                  | On Loan: No      |
| Arcosa, Inc.                                                                   | Arcosa, Inc.                                                                   | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |    460000 | PA      | $476758.34    | 0.09%             | 2032-08-15      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| Presidencia De La Nacion                                                       | Presidencia De La Nacion                                                       | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | US        |    997040 | PA      | $797632.00    | 0.14%             | 2030-07-09      | Fixed         | 0.75%                 | No            | 2                  | On Loan: No      |
| Presidencia De La Nacion                                                       | Presidencia De La Nacion                                                       | CUSIP: 040114HV5<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | US        |    491000 | PA      | $308102.50    | 0.06%             | 2041-07-09      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Presidencia De La Nacion                                                       | Presidencia De La Nacion                                                       | CUSIP: 040114HW3<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | US        |    517955 | PA      | $341850.00    | 0.06%             | 2046-07-09      | Fixed         | 4.13%                 | No            | 2                  | On Loan: No      |
| Rogers Communications Inc.                                                     | Rogers Communications Inc.                                                     | CUSIP: 775109DG3<br>LEI: 54930030NVF3Y2OL0A78 | Long             | DBT              | CORP              | US        |    505000 | PA      | $516508.33    | 0.09%             | 2055-04-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Rogers Communications Inc.                                                     | Rogers Communications Inc.                                                     | CUSIP: 775109DH1<br>LEI: 54930030NVF3Y2OL0A78 | Long             | DBT              | CORP              | US        |    475000 | PA      | $480105.86    | 0.09%             | 2055-04-15      | Fixed         | 7.13%                 | No            | 2                  | On Loan: No      |
| Winston Re Ltd.                                                                | Winston Re Ltd.                                                                | CUSIP: 975660AA9<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1373450.00   | 0.25%             | 2027-02-26      | Floating      | 14.58%                | Yes           | 2                  | On Loan: No      |
| Winston Re Ltd.                                                                | Winston Re Ltd.                                                                | CUSIP: 975660AC5<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | US        |    750000 | PA      | $761175.00    | 0.14%             | 2028-02-21      | Floating      | 10.83%                | Yes           | 2                  | On Loan: No      |
| Wireless Propco Funding LLC                                                    | Wireless Propco Funding LLC                                                    | CUSIP: 97655EAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    660000 | PA      | $614195.21    | 0.11%             | 2030-06-25      | Fixed         | 4.30%                 | No            | 3                  | On Loan: No      |
| XPO, Inc.                                                                      | XPO, Inc.                                                                      | CUSIP: 983793AK6<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |    720000 | PA      | $754097.82    | 0.13%             | 2032-02-01      | Fixed         | 7.13%                 | Yes           | 2                  | On Loan: No      |
| YPF S.A.                                                                       | YPF S.A.                                                                       | CUSIP: 984245AX8<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | US        |    280000 | PA      | $293256.10    | 0.05%             | 2031-01-17      | Fixed         | 9.50%                 | Yes           | 2                  | On Loan: No      |
| ZF North America Capital, Inc.                                                 | ZF North America Capital, Inc.                                                 | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    370000 | PA      | $341784.02    | 0.06%             | 2032-04-23      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| Harvest Midstream I, L.P.                                                      | Harvest Midstream I, L.P.                                                      | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    340000 | PA      | $359139.52    | 0.06%             | 2032-05-15      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Zayo Group Holdings, Inc.                                                      | Zayo Group Holdings, Inc.                                                      | CUSIP: 98919VAA3<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |    605000 | PA      | $567370.42    | 0.10%             | 2027-03-01      | Fixed         | 4.00%                 | Yes           | 2                  | On Loan: No      |
| Co-operative Group Limited                                                     | Co-operative Group Limited                                                     | CUSIP: N/A<br>LEI: 213800TKR59ER8Z69V16       | Long             | DBT              | CORP              | GB        |    260000 | PA      | $359943.89    | 0.06%             | 2026-07-08      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Presidence de la Republique de Cote d'Ivoire                                   | Presidence de la Republique de Cote d'Ivoire                                   | CUSIP: N/A<br>LEI: 254900ICW11T82O6H590       | Long             | DBT              | NUSS              | CI        |   1160000 | PA      | $1064757.60   | 0.19%             | 2048-03-22      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| Angola, Government of                                                          | Angola, Government of                                                          | CUSIP: N/A<br>LEI: 549300QHR2R3J8JSGK83       | Long             | DBT              | NUSS              | AO        |    350000 | PA      | $277375.00    | 0.05%             | 2048-05-08      | Fixed         | 9.38%                 | Yes           | 2                  | On Loan: No      |
| The Arab Republic of Egypt                                                     | The Arab Republic of Egypt                                                     | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | US        |   1250000 | PA      | $1021875.00   | 0.18%             | 2049-03-01      | Fixed         | 8.70%                 | Yes           | 2                  | On Loan: No      |
| Nigeria, Federal Government of                                                 | Nigeria, Federal Government of                                                 | CUSIP: N/A<br>LEI: 549300GSBZD84TNEQ285       | Long             | DBT              | NUSS              | NG        |    590000 | PA      | $590737.50    | 0.11%             | 2031-01-21      | Fixed         | 8.75%                 | Yes           | 2                  | On Loan: No      |
| Herbie Re Ltd.                                                                 | Herbie Re Ltd.                                                                 | CUSIP: 42703VAJ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2251350.00   | 0.40%             | 2029-01-08      | Floating      | 11.53%                | Yes           | 2                  | On Loan: No      |
| Herbie Re Ltd.                                                                 | Herbie Re Ltd.                                                                 | CUSIP: 42703VAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1270875.00   | 0.23%             | 2029-01-08      | Floating      | 15.03%                | Yes           | 2                  | On Loan: No      |
| Herc Holdings Inc.                                                             | Herc Holdings Inc.                                                             | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    457000 | PA      | $478477.55    | 0.09%             | 2030-06-15      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Herc Holdings Inc.                                                             | Herc Holdings Inc.                                                             | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    305000 | PA      | $319647.71    | 0.06%             | 2033-06-15      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Eutelsat SA                                                                    | Eutelsat SA                                                                    | CUSIP: N/A<br>LEI: 549300MCOOY1V7P2PG30       | Long             | DBT              | CORP              | FR        |    200000 | PA      | $228553.05    | 0.04%             | 2027-07-13      | Fixed         | 2.25%                 | Yes           | 2                  | On Loan: No      |
| ZF Friedrichshafen AG                                                          | ZF Friedrichshafen AG                                                          | CUSIP: N/A<br>LEI: 549300RI533US2G6G542       | Long             | DBT              | CORP              | NL        |    100000 | PA      | $101765.51    | 0.02%             | 2029-10-23      | Fixed         | 3.00%                 | Yes           | 2                  | On Loan: No      |
| Hestia Re Ltd                                                                  | Hestia Re Ltd                                                                  | CUSIP: 42815KAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1270750.00   | 0.23%             | 2026-04-07      | Floating      | 15.08%                | Yes           | 2                  | On Loan: No      |
| Hestia Re Ltd                                                                  | Hestia Re Ltd                                                                  | CUSIP: 42815KAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $739050.00    | 0.13%             | 2028-03-13      | Floating      | 12.59%                | Yes           | 2                  | On Loan: No      |
| Hilcorp Energy I, L.P.                                                         | Hilcorp Energy I, L.P.                                                         | CUSIP: 431318AZ7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    280000 | PA      | $267693.57    | 0.05%             | 2032-04-15      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Hilcorp Energy I, L.P.                                                         | Hilcorp Energy I, L.P.                                                         | CUSIP: 431318BC7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    365000 | PA      | $378976.73    | 0.07%             | 2033-11-01      | Fixed         | 8.38%                 | Yes           | 2                  | On Loan: No      |
| Hilcorp Energy I, L.P.                                                         | Hilcorp Energy I, L.P.                                                         | CUSIP: 431318BE3<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    515000 | PA      | $493784.72    | 0.09%             | 2034-05-15      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| Hillenbrand, Inc.                                                              | Hillenbrand, Inc.                                                              | CUSIP: 431571AE8<br>LEI: U246OE781574J2BUD366 | Long             | DBT              | CORP              | US        |    750000 | PA      | $672310.82    | 0.12%             | 2031-03-01      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| Service Properties Trust                                                       | Service Properties Trust                                                       | CUSIP: 44106MBA9<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    430000 | PA      | $424009.65    | 0.08%             | 2026-10-01      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| Howard Midstream Energy Partners, LLC                                          | Howard Midstream Energy Partners, LLC                                          | CUSIP: 442722AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    580000 | PA      | $610004.46    | 0.11%             | 2032-07-15      | Fixed         | 7.38%                 | Yes           | 2                  | On Loan: No      |
| HUB International Limited                                                      | HUB International Limited                                                      | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1181084.59   | 0.21%             | 2030-06-15      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Hypatia Ltd.                                                                   | Hypatia Ltd.                                                                   | CUSIP: 44914CAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1704945.00   | 0.30%             | 2026-04-08      | Floating      | 14.78%                | Yes           | 2                  | On Loan: No      |
| IQVIA Inc.                                                                     | IQVIA Inc.                                                                     | CUSIP: N/A<br>LEI: 549300PLWY28YB00C717       | Long             | DBT              | CORP              | US        |    200000 | PA      | $228710.90    | 0.04%             | 2028-01-15      | Fixed         | 2.25%                 | Yes           | 2                  | On Loan: No      |
| Ziggo Bond Company B.V.                                                        | Ziggo Bond Company B.V.                                                        | CUSIP: N/A<br>LEI: 213800JYI4P7V5QDOG59       | Long             | DBT              | CORP              | NL        |    100000 | PA      | $102239.05    | 0.02%             | 2030-02-28      | Fixed         | 3.38%                 | Yes           | 2                  | On Loan: No      |
| Lune Holdings S.a r.l.                                                         | Lune Holdings S.a r.l.                                                         | CUSIP: N/A<br>LEI: 54930003WQ56T0558M33       | Long             | DBT              | CORP              | LU        |    150000 | PA      | $70788.36     | 0.01%             | 2028-11-15      | Fixed         | 5.63%                 | Yes           | 2                  | On Loan: No      |
| EDP, S.A.                                                                      | EDP, S.A.                                                                      | CUSIP: N/A<br>LEI: 529900CLC3WDMGI9VH80       | Long             | DBT              | CORP              | PT        |    100000 | PA      | $124862.77    | 0.02%             | 2083-04-23      | Fixed         | 5.94%                 | Yes           | 2                  | On Loan: No      |
| Eurofins Scientific SE                                                         | Eurofins Scientific SE                                                         | CUSIP: N/A<br>LEI: 529900JEHFM47DYY3S57       | Long             | DBT              | CORP              | LU        |    300000 | PA      | $375913.50    | 0.07%             | 2500-12-31      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Ziggo B.V.                                                                     | Ziggo B.V.                                                                     | CUSIP: N/A<br>LEI: 213800TQASLF9JXH5J59       | Long             | DBT              | CORP              | NL        |    100000 | PA      | $110198.46    | 0.02%             | 2030-01-15      | Fixed         | 2.88%                 | Yes           | 2                  | On Loan: No      |
| CPI Property Group                                                             | CPI Property Group                                                             | CUSIP: N/A<br>LEI: 222100CO2ZOTEPGJO223       | Long             | DBT              | CORP              | GB        |    200000 | PA      | $260534.40    | 0.05%             | 2028-01-22      | Fixed         | 4.00%                 | Yes           | 2                  | On Loan: No      |
| Elo                                                                            | Elo                                                                            | CUSIP: N/A<br>LEI: 969500ASEC557H5A4F22       | Long             | DBT              | CORP              | FR        |    100000 | PA      | $109443.39    | 0.02%             | 2029-03-22      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| Jaguar Land Rover Automotive PLC                                               | Jaguar Land Rover Automotive PLC                                               | CUSIP: N/A<br>LEI: 529900L73GEWN1O5NH84       | Long             | DBT              | CORP              | GB        |    200000 | PA      | $237545.53    | 0.04%             | 2028-07-15      | Fixed         | 4.50%                 | Yes           | 2                  | On Loan: No      |
| UGI International, LLC                                                         | UGI International, LLC                                                         | CUSIP: N/A<br>LEI: 5493001JFF8MQO00ZQ21       | Long             | DBT              | CORP              | US        |    100000 | PA      | $109772.04    | 0.02%             | 2029-12-01      | Fixed         | 2.50%                 | Yes           | 2                  | On Loan: No      |
| VMED O2 UK Financing I PLC                                                     | VMED O2 UK Financing I PLC                                                     | CUSIP: N/A<br>LEI: 213800MRR46ECNGZ7L69       | Long             | DBT              | CORP              | GB        |    100000 | PA      | $120593.88    | 0.02%             | 2032-04-15      | Fixed         | 5.63%                 | Yes           | 2                  | On Loan: No      |
| Dana Financing Luxembourg S.a r.l.                                             | Dana Financing Luxembourg S.a r.l.                                             | CUSIP: N/A<br>LEI: 222100DKCE3D036DQU13       | Long             | DBT              | CORP              | LU        |    100000 | PA      | $128102.13    | 0.02%             | 2031-07-15      | Fixed         | 8.50%                 | Yes           | 2                  | On Loan: No      |
| Guala Closures S.p.A.                                                          | Guala Closures S.p.A.                                                          | CUSIP: N/A<br>LEI: 81560065108651154262       | Long             | DBT              | CORP              | IT        |    188000 | PA      | $215203.06    | 0.04%             | 2028-06-15      | Fixed         | 3.25%                 | Yes           | 2                  | On Loan: No      |
| Flutter Treasury Designated Activity Company                                   | Flutter Treasury Designated Activity Company                                   | CUSIP: N/A<br>LEI: 635400JE8VLL9UFVIC38       | Long             | DBT              | CORP              | IE        |    150000 | PA      | $182929.85    | 0.03%             | 2029-04-29      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Unicredit, Societa' Per Azioni In Forma Abbreviata Unicredit S.P.A.            | Unicredit, Societa' Per Azioni In Forma Abbreviata Unicredit S.P.A.            | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | DBT              | CORP              | IT        |    200000 | PA      | $230878.33    | 0.04%             | 2500-12-31      | Fixed         | 3.88%                 | Yes           | 2                  | On Loan: No      |
| ZF Friedrichshafen AG                                                          | ZF Friedrichshafen AG                                                          | CUSIP: N/A<br>LEI: 529900CAYOWB8YIG7X25       | Long             | DBT              | CORP              | DE        |    100000 | PA      | $109137.13    | 0.02%             | 2028-09-21      | Fixed         | 3.75%                 | Yes           | 2                  | On Loan: No      |
| Waga Bondco Limited                                                            | Waga Bondco Limited                                                            | CUSIP: N/A<br>LEI: 254900PFB2C9WELUW795       | Long             | DBT              | CORP              | GB        |    114000 | PA      | $153061.37    | 0.03%             | 2030-06-15      | Fixed         | 8.50%                 | Yes           | 2                  | On Loan: No      |
| Nexans                                                                         | Nexans                                                                         | CUSIP: N/A<br>LEI: 96950015FU78G84UIV14       | Long             | DBT              | CORP              | FR        |    200000 | PA      | $242683.75    | 0.04%             | 2030-03-11      | Fixed         | 4.25%                 | Yes           | 2                  | On Loan: No      |
| IHO Verwaltungs GmbH                                                           | IHO Verwaltungs GmbH                                                           | CUSIP: N/A<br>LEI: 529900JL0HDVGZMUJF32       | Long             | DBT              | CORP              | DE        |    250000 | PA      | $307892.74    | 0.06%             | 2028-05-15      | Fixed         | 8.75%                 | Yes           | 2                  | On Loan: No      |
| Grifols Escrow Issuer S.A.                                                     | Grifols Escrow Issuer S.A.                                                     | CUSIP: N/A<br>LEI: 959800HLB3PGTGSLVV62       | Long             | DBT              | CORP              | ES        |    200000 | PA      | $224811.88    | 0.04%             | 2028-10-15      | Fixed         | 3.88%                 | Yes           | 2                  | On Loan: No      |
| Loxama                                                                         | Loxama                                                                         | CUSIP: N/A<br>LEI: 969500BNA2YRNE1R5K91       | Long             | DBT              | CORP              | FR        |    200000 | PA      | $245221.05    | 0.04%             | 2029-05-31      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| Fedrigoni S.P.A.                                                               | Fedrigoni S.P.A.                                                               | CUSIP: N/A<br>LEI: 81560079496BA27EC472       | Long             | DBT              | CORP              | IT        |    350000 | PA      | $394072.20    | 0.07%             | 2031-06-15      | Fixed         | 6.13%                 | Yes           | 2                  | On Loan: No      |
| Manuchar                                                                       | Manuchar                                                                       | CUSIP: N/A<br>LEI: 549300FLR1EUBYCDGT49       | Long             | DBT              | CORP              | BE        |    200000 | PA      | $239211.15    | 0.04%             | 2027-06-30      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Virgin Media Vendor Financing Notes III Designated Activity Company            | Virgin Media Vendor Financing Notes III Designated Activity Company            | CUSIP: N/A<br>LEI: 635400SSKC2QCGEPIQ43       | Long             | DBT              | CORP              | GB        |    350000 | PA      | $456651.04    | 0.08%             | 2028-07-15      | Fixed         | 4.88%                 | Yes           | 2                  | On Loan: No      |
| Altice France                                                                  | Altice France                                                                  | CUSIP: N/A<br>LEI: 5493001ZMCICV4N02J21       | Long             | DBT              | CORP              | FR        |    300000 | PA      | $296412.43    | 0.05%             | 2029-01-15      | Fixed         | 4.13%                 | Yes           | 2                  | On Loan: No      |
| BCP V Modular Services Finance PLC                                             | BCP V Modular Services Finance PLC                                             | CUSIP: N/A<br>LEI: 213800K8U94KVZL98H64       | Long             | DBT              | CORP              | GB        |    200000 | PA      | $209307.69    | 0.04%             | 2029-11-30      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands II B.V.                                | Teva Pharmaceutical Finance Netherlands II B.V.                                | CUSIP: N/A<br>LEI: 549300HSQCIKJAOYIT23       | Long             | DBT              | CORP              | NL        |    500000 | PA      | $598169.23    | 0.11%             | 2030-05-09      | Fixed         | 4.38%                 | Yes           | 2                  | On Loan: No      |
| Government of the Republic of Serbia                                           | Government of the Republic of Serbia                                           | CUSIP: N/A<br>LEI: 254900W94OCY91V32O78       | Long             | DBT              | NUSS              | RS        |    374000 | PA      | $334446.22    | 0.06%             | 2036-09-23      | Fixed         | 2.05%                 | Yes           | 2                  | On Loan: No      |
| Rakuten Group, Inc.                                                            | Rakuten Group, Inc.                                                            | CUSIP: N/A<br>LEI: 529900IMXUCQKUL1H943       | Long             | DBT              | CORP              | JP        |    200000 | PA      | $221454.72    | 0.04%             | 2500-12-31      | Fixed         | 4.25%                 | Yes           | 2                  | On Loan: No      |
| PCF GmbH                                                                       | PCF GmbH                                                                       | CUSIP: N/A<br>LEI: 5299001ZMR76CCHGY076       | Long             | DBT              | CORP              | DE        |    150000 | PA      | $145663.61    | 0.03%             | 2029-04-15      | Fixed         | 4.75%                 | Yes           | 2                  | On Loan: No      |
| CPI Property Group                                                             | CPI Property Group                                                             | CUSIP: N/A<br>LEI: 222100CO2ZOTEPGJO223       | Long             | DBT              | CORP              | LU        |    100000 | PA      | $107193.51    | 0.02%             | 2500-12-31      | Fixed         | 3.75%                 | Yes           | 2                  | On Loan: No      |
| Vodafone Group Public Limited Company                                          | Vodafone Group Public Limited Company                                          | CUSIP: N/A<br>LEI: 213800TB53ELEUKM7Q61       | Long             | DBT              | CORP              | GB        |    303000 | PA      | $338180.80    | 0.06%             | 2080-08-27      | Fixed         | 3.00%                 | Yes           | 2                  | On Loan: No      |
| Telecom Italia S.p.A.                                                          | Telecom Italia S.p.A.                                                          | CUSIP: N/A<br>LEI: 549300W384M3RI3VXU42       | Long             | DBT              | CORP              | IT        |    200000 | PA      | $264398.09    | 0.05%             | 2028-07-31      | Fixed         | 7.88%                 | Yes           | 2                  | On Loan: No      |
| Castello (BC) Bidco S.p.A.                                                     | Castello (BC) Bidco S.p.A.                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | IT        |    136000 | PA      | $160635.43    | 0.03%             | 2031-11-14      | Floating      | 6.84%                 | Yes           | 2                  | On Loan: No      |
| ZF Friedrichshafen AG                                                          | ZF Friedrichshafen AG                                                          | CUSIP: N/A<br>LEI: 529900CAYOWB8YIG7X25       | Long             | DBT              | CORP              | DE        |    200000 | PA      | $213472.93    | 0.04%             | 2028-05-03      | Fixed         | 2.25%                 | Yes           | 2                  | On Loan: No      |
| Cullinan Holdco SCSp                                                           | Cullinan Holdco SCSp                                                           | CUSIP: N/A<br>LEI: 549300F81ZP47K818173       | Long             | DBT              | CORP              | LU        |    100000 | PA      | $101271.95    | 0.02%             | 2026-10-15      | Fixed         | 4.63%                 | Yes           | 2                  | On Loan: No      |
| Benteler International Aktiengesellschaft                                      | Benteler International Aktiengesellschaft                                      | CUSIP: N/A<br>LEI: 529900ZAFSOBVFCKF263       | Long             | DBT              | CORP              | AT        |    100000 | PA      | $123317.30    | 0.02%             | 2028-05-15      | Fixed         | 9.38%                 | Yes           | 2                  | On Loan: No      |
| Romania, Government of                                                         | Romania, Government of                                                         | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |   1411000 | PA      | $1710255.69   | 0.31%             | 2033-09-18      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| Sappi Papier Holding GmbH                                                      | Sappi Papier Holding GmbH                                                      | CUSIP: N/A<br>LEI: 549300XBCUMUR5CI0181       | Long             | DBT              | CORP              | AT        |    100000 | PA      | $115598.19    | 0.02%             | 2032-03-15      | Fixed         | 4.50%                 | Yes           | 2                  | On Loan: No      |
| Lorca Telecom Bondco SA.                                                       | Lorca Telecom Bondco SA.                                                       | CUSIP: N/A<br>LEI: 9598004HFBAS82YM7X35       | Long             | DBT              | CORP              | ES        |    400000 | PA      | $470544.17    | 0.08%             | 2027-09-18      | Fixed         | 4.00%                 | Yes           | 2                  | On Loan: No      |
| Grunenthal GmbH                                                                | Grunenthal GmbH                                                                | CUSIP: N/A<br>LEI: 529900SH895E31PGLA72       | Long             | DBT              | CORP              | DE        |    300000 | PA      | $355410.09    | 0.06%             | 2031-11-15      | Fixed         | 4.63%                 | Yes           | 2                  | On Loan: No      |
| Ahlstrom Holding 3 Oy                                                          | Ahlstrom Holding 3 Oy                                                          | CUSIP: N/A<br>LEI: 743700UEY0YM039XN974       | Long             | DBT              | CORP              | FI        |    200000 | PA      | $230458.98    | 0.04%             | 2028-02-04      | Fixed         | 3.63%                 | Yes           | 2                  | On Loan: No      |
| Multiversity S.p.A.                                                            | Multiversity S.p.A.                                                            | CUSIP: N/A<br>LEI: 8156004B4DE591612588       | Long             | DBT              | CORP              | IT        |    100000 | PA      | $118008.27    | 0.02%             | 2028-10-30      | Floating      | 6.44%                 | Yes           | 2                  | On Loan: No      |
| Cutting Edge Group                                                             | Cutting Edge Group                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   1256250 | NS      | $1236024.38   | 0.22%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Grupo Antolin-Irausa SA                                                        | Grupo Antolin-Irausa SA                                                        | CUSIP: N/A<br>LEI: 213800OILC5Q9AR63B63       | Long             | DBT              | CORP              | ES        |    100000 | PA      | $82204.46     | 0.01%             | 2030-01-30      | Fixed         | 10.38%                | Yes           | 2                  | On Loan: No      |
| Forvia                                                                         | Forvia                                                                         | CUSIP: N/A<br>LEI: 969500F0VMZLK2IULV85       | Long             | DBT              | CORP              | FR        |    250000 | PA      | $289958.44    | 0.05%             | 2031-06-15      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Proximus                                                                       | Proximus                                                                       | CUSIP: N/A<br>LEI: 549300CWRXC5EP004533       | Long             | DBT              | CORP              | BE        |    200000 | PA      | $235001.15    | 0.04%             | 2500-12-31      | Fixed         | 4.75%                 | Yes           | 2                  | On Loan: No      |
| A2a S.P.A.                                                                     | A2a S.P.A.                                                                     | CUSIP: N/A<br>LEI: 81560076E3944316DB24       | Long             | DBT              | CORP              | IT        |    200000 | PA      | $243541.30    | 0.04%             | 2500-12-31      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Coventry Building Society                                                      | Coventry Building Society                                                      | CUSIP: N/A<br>LEI: 2138004G59FXEAZ6IO10       | Long             | DBT              | CORP              | GB        |    300000 | PA      | $430325.67    | 0.08%             | 2500-12-31      | Fixed         | 8.75%                 | Yes           | 2                  | On Loan: No      |
| HT Troplast GmbH                                                               | HT Troplast GmbH                                                               | CUSIP: N/A<br>LEI: 529900Y2N2GAY3FXGP86       | Long             | DBT              | CORP              | DE        |    100000 | PA      | $123549.35    | 0.02%             | 2028-07-15      | Fixed         | 9.38%                 | Yes           | 2                  | On Loan: No      |
| Cutting Edge Group                                                             | Cutting Edge Group                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   3235641 | NS      | $3183546.81   | 0.57%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Ironwood Funding XIV LLC                                                       | Ironwood Funding XIV LLC                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   2569312 | NS      | $2536425.17   | 0.45%             |  |  |  | Yes           | N/A                | On Loan: No      |
| HCM 2021-1, LLC                                                                | HCM 2021-1, LLC                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  12000000 | NS      | $12644400.00  | 2.26%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Axonic Coinvest II, LP                                                         | Axonic Coinvest II, LP                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   8000000 | NS      | $8900800.00   | 1.59%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Trulite Holding Corp.                                                          | Trulite Holding Corp.                                                          | CUSIP: 89789MAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1937500 | PA      | $1869687.50   | 0.33%             | 2031-02-15      | Floating      | 10.29%                | No            | 3                  | On Loan: No      |
| AX Southeast Loan Investor LLC                                                 | AX Southeast Loan Investor LLC                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   8000000 | NS      | $8903200.00   | 1.59%             |  |  |  | Yes           | 2                  | On Loan: No      |
| Eiger Funding (PCC) Ltd.                                                       | Eiger Funding (PCC) Ltd.                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |   8107062 | NS      | $11933834.41  | 2.13%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Northleaf Chorus Investors LP                                                  | Northleaf Chorus Investors LP                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   1365776 | NS      | $1425050.41   | 0.25%             |  |  |  | Yes           | N/A                | On Loan: No      |
| United Group B.V.                                                              | United Group B.V.                                                              | CUSIP: N/A<br>LEI: 213800PC85O8BJ7DU398       | Long             | DBT              | CORP              | NL        |    150000 | PA      | $180668.18    | 0.03%             | 2031-02-15      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| AA Bond Co Limited                                                             | AA Bond Co Limited                                                             | CUSIP: N/A<br>LEI: 2138002EPF6QVRZBMC58       | Long             | DBT              | CORP              | GB        |    100000 | PA      | $142104.93    | 0.03%             | 2031-07-31      | Fixed         | 6.85%                 | Yes           | 2                  | On Loan: No      |
| Heimstaden Bostad AB                                                           | Heimstaden Bostad AB                                                           | CUSIP: N/A<br>LEI: 549300TJR3PR8EXILG79       | Long             | DBT              | CORP              | NL        |    100000 | PA      | $101697.19    | 0.02%             | 2031-10-13      | Fixed         | 1.63%                 | Yes           | 2                  | On Loan: No      |
| Maison Finco PLC                                                               | Maison Finco PLC                                                               | CUSIP: N/A<br>LEI: 9845007743J958DAS530       | Long             | DBT              | CORP              | GB        |    200000 | PA      | $271208.12    | 0.05%             | 2027-10-31      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| Heimstaden Bostad AB                                                           | Heimstaden Bostad AB                                                           | CUSIP: N/A<br>LEI: 549300TJR3PR8EXILG79       | Long             | DBT              | CORP              | SE        |    350000 | PA      | $401975.66    | 0.07%             | 2500-12-31      | Fixed         | 3.63%                 | Yes           | 2                  | On Loan: No      |
| GreenSky Home Improvement Issuer Trust 2025-1                                  | GreenSky Home Improvement Issuer Trust 2025-1                                  | CUSIP: 39571NAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    832000 | PA      | $839169.43    | 0.15%             | 2060-03-25      | Fixed         | 6.22%                 | No            | 2                  | On Loan: No      |
| Grupo Nutresa S.A.                                                             | Grupo Nutresa S.A.                                                             | CUSIP: 40055CAA1<br>LEI: 549300TN5BQ4P1MC6407 | Long             | DBT              | CORP              | US        |    240000 | PA      | $251460.00    | 0.04%             | 2030-05-12      | Fixed         | 8.00%                 | Yes           | 2                  | On Loan: No      |
| Halseypoint Clo 4, Ltd                                                         | Halseypoint Clo 4, Ltd                                                         | CUSIP: 40637NAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1467115.50   | 0.26%             | 2034-04-20      | Floating      | 11.24%                | Yes           | 2                  | On Loan: No      |
| Hanwha Life Insurance Co., Ltd.                                                | Hanwha Life Insurance Co., Ltd.                                                | CUSIP: 41135UAC9<br>LEI: 988400ZKCI3R9DQHR320 | Long             | DBT              | CORP              | US        |    300000 | PA      | $308018.91    | 0.06%             | 2055-06-24      | Fixed         | 6.30%                 | Yes           | 2                  | On Loan: No      |
| Odido Group Holding B.V.                                                       | Odido Group Holding B.V.                                                       | CUSIP: N/A<br>LEI: 724500FOAL1MNGOJKP07       | Long             | DBT              | CORP              | NL        |    133000 | PA      | $156313.37    | 0.03%             | 2030-01-15      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Bellis Acquisition Company PLC                                                 | Bellis Acquisition Company PLC                                                 | CUSIP: N/A<br>LEI: 259400CYE2267UB4A481       | Long             | DBT              | CORP              | GB        |    100000 | PA      | $129037.31    | 0.02%             | 2030-05-14      | Fixed         | 8.13%                 | Yes           | 2                  | On Loan: No      |
| Q-Park Holding I B.V.                                                          | Q-Park Holding I B.V.                                                          | CUSIP: N/A<br>LEI: 2549003839B7HE3NDP48       | Long             | DBT              | CORP              | NL        |    100000 | PA      | $121284.15    | 0.02%             | 2029-03-01      | Fixed         | 5.13%                 | Yes           | 2                  | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria, S.A.                                          | Banco Bilbao Vizcaya Argentaria, S.A.                                          | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | DBT              | CORP              | ES        |    400000 | PA      | $498862.10    | 0.09%             | 2500-12-31      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| EDP, S.A.                                                                      | EDP, S.A.                                                                      | CUSIP: N/A<br>LEI: 529900CLC3WDMGI9VH80       | Long             | DBT              | CORP              | PT        |    300000 | PA      | $361336.36    | 0.06%             | 2054-05-29      | Fixed         | 4.75%                 | Yes           | 2                  | On Loan: No      |
| Cheplapharm Arzneimittel GmbH                                                  | Cheplapharm Arzneimittel GmbH                                                  | CUSIP: N/A<br>LEI: 529900ONXKBELT7EW052       | Long             | DBT              | CORP              | DE        |    200000 | PA      | $239769.50    | 0.04%             | 2030-05-15      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Engineering S.R.L.                                                             | Engineering S.R.L.                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | IT        |    100000 | PA      | $124282.04    | 0.02%             | 2028-05-15      | Fixed         | 11.13%                | Yes           | 2                  | On Loan: No      |
| Perrigo Finance Unlimited Company                                              | Perrigo Finance Unlimited Company                                              | CUSIP: N/A<br>LEI: 549300E86RB6YCTMRM83       | Long             | DBT              | CORP              | IE        |    100000 | PA      | $120646.88    | 0.02%             | 2032-09-30      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| Azelis Finance                                                                 | Azelis Finance                                                                 | CUSIP: N/A<br>LEI: 699400J0P7A5VXKGK641       | Long             | DBT              | CORP              | BE        |    200000 | PA      | $241918.08    | 0.04%             | 2029-09-25      | Fixed         | 4.75%                 | Yes           | 2                  | On Loan: No      |
| Optics BidCo S.p.A.                                                            | Optics BidCo S.p.A.                                                            | CUSIP: N/A<br>LEI: 254900QZ5RQ7MPFWE741       | Long             | DBT              | CORP              | IT        |    160000 | PA      | $206817.98    | 0.04%             | 2028-07-31      | Fixed         | 7.88%                 | No            | 2                  | On Loan: No      |
| Flora Food Management B.V.                                                     | Flora Food Management B.V.                                                     | CUSIP: N/A<br>LEI: 2549002VGA888UKFKS25       | Long             | DBT              | CORP              | NL        |    250000 | PA      | $298913.81    | 0.05%             | 2029-07-02      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| Accor                                                                          | Accor                                                                          | CUSIP: N/A<br>LEI: 969500QZC2Q0TK11NV07       | Long             | DBT              | CORP              | FR        |    200000 | PA      | $259667.44    | 0.05%             | 2500-12-31      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Banco Santander, S.A.                                                          | Banco Santander, S.A.                                                          | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | DBT              | CORP              | ES        |    600000 | PA      | $651112.22    | 0.12%             | 2500-12-31      | Fixed         | 3.63%                 | Yes           | 2                  | On Loan: No      |
| V.F. Corporation                                                               | V.F. Corporation                                                               | CUSIP: 918204BE7<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |    350000 | PA      | $393429.04    | 0.07%             | 2029-03-07      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Pachelbel BidCo S.p.A.                                                         | Pachelbel BidCo S.p.A.                                                         | CUSIP: N/A<br>LEI: 8156005DA07CDD50CC46       | Long             | DBT              | CORP              | IT        |     50000 | PA      | $63324.86     | 0.01%             | 2031-05-17      | Fixed         | 7.13%                 | Yes           | 2                  | On Loan: No      |
| Motel One GmbH                                                                 | Motel One GmbH                                                                 | CUSIP: N/A<br>LEI: 529900OZ5000U0NZHM90       | Long             | DBT              | CORP              | DE        |    100000 | PA      | $126213.88    | 0.02%             | 2031-04-02      | Fixed         | 7.75%                 | Yes           | 2                  | On Loan: No      |
| Roquette Freres                                                                | Roquette Freres                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | FR        |    100000 | PA      | $118825.77    | 0.02%             | 2500-12-31      | Fixed         | 5.49%                 | Yes           | 2                  | On Loan: No      |
| Grifols, S.A.                                                                  | Grifols, S.A.                                                                  | CUSIP: N/A<br>LEI: 959800HSSNXWRKBK4N60       | Long             | DBT              | CORP              | ES        |    300000 | PA      | $369397.08    | 0.07%             | 2030-05-01      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Ray Financing LLC                                                              | Ray Financing LLC                                                              | CUSIP: N/A<br>LEI: 254900IA5MVMGDF40Z19       | Long             | DBT              | CORP              | US        |    300000 | PA      | $368679.71    | 0.07%             | 2031-07-15      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Optics BidCo S.p.A.                                                            | Optics BidCo S.p.A.                                                            | CUSIP: N/A<br>LEI: 254900QZ5RQ7MPFWE741       | Long             | DBT              | CORP              | IT        |    200000 | PA      | $251047.20    | 0.04%             | 2028-02-15      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| Edge Finco PLC                                                                 | Edge Finco PLC                                                                 | CUSIP: N/A<br>LEI: 648835NI8LJE5190NT73       | Long             | DBT              | CORP              | GB        |    200000 | PA      | $285266.80    | 0.05%             | 2031-08-15      | Fixed         | 8.13%                 | Yes           | 2                  | On Loan: No      |
| Bubbles BidCo S.p.A.                                                           | Bubbles BidCo S.p.A.                                                           | CUSIP: N/A<br>LEI: 815600073942740CEB24       | Long             | DBT              | CORP              | IT        |    250000 | PA      | $297835.99    | 0.05%             | 2031-09-30      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Team Services Group                                                            | Team Services Group                                                            | CUSIP: 87821EAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    496124 | PA      | $492403.10    | 0.09%             | 2027-12-20      | Floating      | 9.54%                 | No            | 2                  | On Loan: No      |
| Team Services Group                                                            | Team Services Group                                                            | CUSIP: 87821EAE3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $995000.00    | 0.18%             | 2028-12-18      | Floating      | 13.54%                | No            | 3                  | On Loan: No      |
| National Mentor Holdings, Inc.                                                 | National Mentor Holdings, Inc.                                                 | CUSIP: 63689EAW5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1888000.00   | 0.34%             | 2029-03-02      | Floating      | 11.65%                | No            | 2                  | On Loan: No      |
| MH Sub I, LLC                                                                  | MH Sub I, LLC                                                                  | CUSIP: 55303BAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1747500.00   | 0.31%             | 2029-02-12      | Floating      | 10.58%                | No            | 2                  | On Loan: No      |
| Galaxy US Opco Inc.                                                            | Galaxy US Opco Inc.                                                            | CUSIP: 36321DAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1354914 | PA      | $1254988.66   | 0.22%             | 2029-04-19      | Floating      | 9.28%                 | No            | 2                  | On Loan: No      |
| Galaxy US Opco Inc.                                                            | Galaxy US Opco Inc.                                                            | CUSIP: 36321DAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    657532 | PA      | $609038.64    | 0.11%             | 2029-04-19      | Floating      | 9.28%                 | No            | 2                  | On Loan: No      |
| Zayo Group Holdings, Inc.                                                      | Zayo Group Holdings, Inc.                                                      | CUSIP: 98919XAE1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1917080.00   | 0.34%             | 2027-03-09      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Lightstone Holdco LLC                                                          | Lightstone Holdco LLC                                                          | CUSIP: 53226GAK7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1853922 | PA      | $1851697.50   | 0.33%             | 2027-02-01      | Floating      | 10.03%                | No            | 2                  | On Loan: No      |
| Lightstone Holdco LLC                                                          | Lightstone Holdco LLC                                                          | CUSIP: 53226GAL5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    104869 | PA      | $104742.74    | 0.02%             | 2027-02-01      | Floating      | 10.03%                | No            | 2                  | On Loan: No      |
| 888 Acquisitions Limited                                                       | 888 Acquisitions Limited                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1962061 | PA      | $1875397.17   | 0.34%             | 2028-07-01      | Floating      | 9.63%                 | No            | 2                  | On Loan: No      |
| WatchGuard Technologies Inc.                                                   | WatchGuard Technologies Inc.                                                   | CUSIP: 94110LAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1989770 | PA      | $1970488.95   | 0.35%             | 2029-07-02      | Floating      | 9.58%                 | No            | 2                  | On Loan: No      |
| Neptune Bidco US Inc                                                           | Neptune Bidco US Inc                                                           | CUSIP: 64069JAC6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1367756 | PA      | $1290327.33   | 0.23%             | 2029-04-11      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Neptune Bidco US Inc                                                           | Neptune Bidco US Inc                                                           | CUSIP: 64069JAC6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    632244 | PA      | $596452.67    | 0.11%             | 2029-04-11      | Floating      | 9.33%                 | No            | 2                  | On Loan: No      |
| CSC Holdings, LLC                                                              | CSC Holdings, LLC                                                              | CUSIP: 64072UAM4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2493622 | PA      | $2456243.05   | 0.44%             | 2028-01-17      | Floating      | 8.81%                 | No            | 2                  | On Loan: No      |
| EP Purchaser, LLC                                                              | EP Purchaser, LLC                                                              | CUSIP: 26881KAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1508427 | PA      | $1482029.24   | 0.26%             | 2028-11-06      | Floating      | 9.06%                 | No            | 2                  | On Loan: No      |
| LSF12 Badger Bidco LLC                                                         | LSF12 Badger Bidco LLC                                                         | CUSIP: 50221PAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1970000 | PA      | $1910900.00   | 0.34%             | 2030-07-25      | Floating      | 10.33%                | No            | 2                  | On Loan: No      |
| BANGL, LLC                                                                     | BANGL, LLC                                                                     | CUSIP: 05989UAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1974924 | PA      | $1979861.00   | 0.35%             | 2029-02-01      | Floating      | 8.79%                 | No            | 2                  | On Loan: No      |
| Star Parent Inc.                                                               | Star Parent Inc.                                                               | CUSIP: 87169DAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1560752 | PA      | $1544660.63   | 0.28%             | 2030-09-19      | Floating      | 8.30%                 | No            | 2                  | On Loan: No      |
| Bausch & Lomb Corporation                                                      | Bausch & Lomb Corporation                                                      | CUSIP: C0787FAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1965000 | PA      | $1962543.75   | 0.35%             | 2028-09-14      | Floating      | 8.33%                 | No            | 2                  | On Loan: No      |
| Max US Bidco Inc                                                               | Max US Bidco Inc                                                               | CUSIP: 57778YAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1994949 | PA      | $1975219.44   | 0.35%             | 2030-10-02      | Floating      | 9.33%                 | No            | 2                  | On Loan: No      |
| Veritiv Corporation                                                            | Veritiv Corporation                                                            | CUSIP: 92338TAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1985000 | PA      | $1990458.71   | 0.36%             | 2030-11-30      | Floating      | 8.30%                 | No            | 2                  | On Loan: No      |
| Northeast Grocery, Inc.                                                        | Northeast Grocery, Inc.                                                        | CUSIP: 66417AAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1850000 | PA      | $1850000.00   | 0.33%             | 2028-12-05      | Floating      | 11.82%                | No            | 2                  | On Loan: No      |
| DS Parent Inc                                                                  | DS Parent Inc                                                                  | CUSIP: 23344YAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1980000 | PA      | $1769625.00   | 0.32%             | 2030-12-13      | Floating      | 9.80%                 | No            | 2                  | On Loan: No      |
| NGL Energy Partners LP                                                         | NGL Energy Partners LP                                                         | CUSIP: 62922KAF7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1975000 | PA      | $1957007.75   | 0.35%             | 2031-01-25      | Floating      | 8.07%                 | No            | 2                  | On Loan: No      |
| Crash Champions, LLC                                                           | Crash Champions, LLC                                                           | CUSIP: 15870MAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    787076 | PA      | $733507.65    | 0.13%             | 2029-02-23      | Floating      | 9.08%                 | No            | 2                  | On Loan: No      |
| Crash Champions, LLC                                                           | Crash Champions, LLC                                                           | CUSIP: 15870MAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    697924 | PA      | $650423.11    | 0.12%             | 2029-02-23      | Floating      | 9.08%                 | No            | 2                  | On Loan: No      |
| Lumen Technologies, Inc.                                                       | Lumen Technologies, Inc.                                                       | CUSIP: 55024EAD7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1479914 | PA      | $1516289.94   | 0.27%             | 2028-06-01      | Floating      | 10.33%                | No            | 2                  | On Loan: No      |
| Artera Services, LLC                                                           | Artera Services, LLC                                                           | CUSIP: 73937UAL2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2472481 | PA      | $2061703.09   | 0.37%             | 2031-02-07      | Floating      | 8.80%                 | No            | 2                  | On Loan: No      |
| Garda World Security Corporation                                               | Garda World Security Corporation                                               | CUSIP: C4000KAG9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    987430 | PA      | $987973.01    | 0.18%             | 2029-02-01      | Floating      | 7.31%                 | No            | 2                  | On Loan: No      |
| Genuine Financial Holdings, LLC                                                | Genuine Financial Holdings, LLC                                                | CUSIP: 37190DAN3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1979975 | PA      | $1876026.14   | 0.34%             | 2030-09-27      | Floating      | 7.58%                 | No            | 2                  | On Loan: No      |
| Edgewater Generation, L.L.C.                                                   | Edgewater Generation, L.L.C.                                                   | CUSIP: 28031FAM2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1933407 | PA      | $1938936.14   | 0.35%             | 2030-08-01      | Floating      | 7.33%                 | No            | 2                  | On Loan: No      |
| Bending Spoons US Inc                                                          | Bending Spoons US Inc                                                          | CUSIP: 08167PAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1975000 | PA      | $1982406.25   | 0.35%             | 2031-02-19      | Floating      | 9.56%                 | No            | 2                  | On Loan: No      |
| Confluence Technologies, Inc                                                   | Confluence Technologies, Inc                                                   | CUSIP: 20716HAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    610943 | PA      | $608652.04    | 0.11%             | 2028-07-30      | Floating      | 9.31%                 | No            | 3                  | On Loan: No      |
| Kaseya Inc.                                                                    | Kaseya Inc.                                                                    | CUSIP: 48578AAE8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1500000 | PA      | $1500465.00   | 0.27%             | 2033-03-07      | Floating      | 9.33%                 | No            | 2                  | On Loan: No      |
| ZF Friedrichshafen AG                                                          | ZF Friedrichshafen AG                                                          | CUSIP: N/A<br>LEI: 529900CAYOWB8YIG7X25       | Long             | DBT              | CORP              | NL        |    200000 | PA      | $230727.55    | 0.04%             | 2029-03-13      | Fixed         | 6.13%                 | Yes           | 2                  | On Loan: No      |
| Miller Homes Group (Finco) PLC                                                 | Miller Homes Group (Finco) PLC                                                 | CUSIP: N/A<br>LEI: 98450057058CDE2E9650       | Long             | DBT              | CORP              | GB        |    324000 | PA      | $445330.00    | 0.08%             | 2029-05-15      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| New Fortress Energy Inc                                                        | New Fortress Energy Inc                                                        | CUSIP: 64439HAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1984962 | PA      | $1067473.08   | 0.19%             | 2028-10-30      | Floating      | 9.81%                 | No            | 2                  | On Loan: No      |
| Natgasoline LLC                                                                | Natgasoline LLC                                                                | CUSIP: 63232EAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1490625 | PA      | $1477582.03   | 0.26%             | 2030-03-25      | Floating      | 9.80%                 | No            | 2                  | On Loan: No      |
| CohnReznick LLP                                                                | CohnReznick LLP                                                                | CUSIP: 19250AAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1624060 | PA      | $1615939.85   | 0.29%             | 2032-03-31      | Floating      | 8.30%                 | No            | 3                  | On Loan: No      |
| CohnReznick LLP                                                                | CohnReznick LLP                                                                | CUSIP: 19250AAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    375940 | PA      | $374060.15    | 0.07%             | 2049-12-31      | Floating      | 0.00%                 | No            | 3                  | On Loan: No      |
| Level 3 Financing Inc.                                                         | Level 3 Financing Inc.                                                         | CUSIP: 52729KAT3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1500000 | PA      | $1515315.00   | 0.27%             | 2032-03-20      | Floating      | 8.58%                 | No            | 2                  | On Loan: No      |
| Bausch Health Companies Inc.                                                   | Bausch Health Companies Inc.                                                   | CUSIP: C6903HAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1924680.00   | 0.34%             | 2030-09-25      | Floating      | 10.56%                | No            | 2                  | On Loan: No      |
| Foundation Building Materials Holding Company LLC                              | Foundation Building Materials Holding Company LLC                              | CUSIP: 35039KAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1968760.00   | 0.35%             | 2031-01-29      | Floating      | 9.55%                 | No            | 2                  | On Loan: No      |
| Osttra Group Ltd                                                               | Osttra Group Ltd                                                               | CUSIP: 68631KAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $2003340.00   | 0.36%             | 2049-12-31      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Gategroup Fin Luxembourg SA                                                    | Gategroup Fin Luxembourg SA                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2000000 | PA      | $2003760.00   | 0.36%             | 2049-12-31      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Koninklijke KPN N.V.                                                           | Koninklijke KPN N.V.                                                           | CUSIP: N/A<br>LEI: 549300YO0JZHAL7FVP81       | Long             | DBT              | CORP              | NL        |    100000 | PA      | $125010.01    | 0.02%             | 2500-12-31      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| CPI Property Group                                                             | CPI Property Group                                                             | CUSIP: N/A<br>LEI: 222100CO2ZOTEPGJO223       | Long             | DBT              | CORP              | LU        |    150000 | PA      | $154871.06    | 0.03%             | 2030-01-14      | Fixed         | 1.75%                 | Yes           | 2                  | On Loan: No      |
| ADLER Financing S.a r.l.                                                       | ADLER Financing S.a r.l.                                                       | CUSIP: N/A<br>LEI: 213800BAQB59IVKP7S93       | Long             | DBT              | CORP              | LU        |    124874 | PA      | $153826.44    | 0.03%             | 2028-12-31      | Fixed         | 8.25%                 | No            | 2                  | On Loan: No      |
| Electricite de France                                                          | Electricite de France                                                          | CUSIP: N/A<br>LEI: 549300X3UK4GG3FNMO06       | Long             | DBT              | CORP              | FR        |    200000 | PA      | $259149.14    | 0.05%             | 2500-12-31      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Ephios Subco 3 S.a r.l.                                                        | Ephios Subco 3 S.a r.l.                                                        | CUSIP: N/A<br>LEI: 213800E4EG6VFUFVEH64       | Long             | DBT              | CORP              | LU        |    300000 | PA      | $379899.69    | 0.07%             | 2031-01-31      | Fixed         | 7.88%                 | Yes           | 2                  | On Loan: No      |
| Air France - KLM                                                               | Air France - KLM                                                               | CUSIP: N/A<br>LEI: 969500AQW31GYO8JZD66       | Long             | DBT              | CORP              | FR        |    200000 | PA      | $243074.83    | 0.04%             | 2029-05-23      | Fixed         | 4.63%                 | Yes           | 2                  | On Loan: No      |
| Market Bidco Finco PLC                                                         | Market Bidco Finco PLC                                                         | CUSIP: N/A<br>LEI: 549300UGYX6EBVHRVG53       | Long             | DBT              | CORP              | GB        |    100000 | PA      | $134327.50    | 0.02%             | 2027-11-04      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Telefonica Europe B.V.                                                         | Telefonica Europe B.V.                                                         | CUSIP: N/A<br>LEI: 7245007FZS0M65WUGP67       | Long             | DBT              | CORP              | NL        |    100000 | PA      | $125893.48    | 0.02%             | 2500-12-31      | Fixed         | 6.13%                 | Yes           | 2                  | On Loan: No      |
| ABN AMRO Bank N.V.                                                             | ABN AMRO Bank N.V.                                                             | CUSIP: N/A<br>LEI: BFXS5XCH7N0Y05NIXW11       | Long             | DBT              | CORP              | NL        |    400000 | PA      | $504751.85    | 0.09%             | 2500-12-31      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| Telefonica Europe B.V.                                                         | Telefonica Europe B.V.                                                         | CUSIP: N/A<br>LEI: 7245007FZS0M65WUGP67       | Long             | DBT              | CORP              | NL        |    200000 | PA      | $243835.78    | 0.04%             | 2500-12-31      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| Rossini S.a r.l.                                                               | Rossini S.a r.l.                                                               | CUSIP: N/A<br>LEI: 549300EC5JCCW6F83R11       | Long             | DBT              | CORP              | LU        |    100000 | PA      | $124163.07    | 0.02%             | 2029-12-31      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Globalworth Real Estate Investments Limited                                    | Globalworth Real Estate Investments Limited                                    | CUSIP: N/A<br>LEI: 213800R3E823B1UBIA81       | Long             | DBT              | CORP              | GG        |    282001 | PA      | $337551.25    | 0.06%             | 2030-03-31      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Flos B&b Italia S.P.A.                                                         | Flos B&b Italia S.P.A.                                                         | CUSIP: N/A<br>LEI: 815600907387ED411436       | Long             | DBT              | CORP              | IT        |    174000 | PA      | $197223.99    | 0.04%             | 2029-12-15      | Floating      | 5.85%                 | Yes           | 2                  | On Loan: No      |
| FNAC Darty                                                                     | FNAC Darty                                                                     | CUSIP: N/A<br>LEI: 96950091FL62XSLPHO35       | Long             | DBT              | CORP              | FR        |    100000 | PA      | $123146.49    | 0.02%             | 2029-04-01      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| Cirsa Finance International S.a r.l.                                           | Cirsa Finance International S.a r.l.                                           | CUSIP: N/A<br>LEI: 254900KUJN6DHWH2K029       | Long             | DBT              | CORP              | LU        |    270000 | PA      | $334120.75    | 0.06%             | 2027-11-30      | Fixed         | 10.38%                | Yes           | 2                  | On Loan: No      |
| COMMERZBANK Aktiengesellschaft                                                 | COMMERZBANK Aktiengesellschaft                                                 | CUSIP: N/A<br>LEI: 851WYGNLUQLFZBSYGB56       | Long             | DBT              | CORP              | DE        |    400000 | PA      | $523010.09    | 0.09%             | 2500-12-31      | Fixed         | 7.88%                 | Yes           | 2                  | On Loan: No      |
| Deutsche Bank Aktiengesellschaft                                               | Deutsche Bank Aktiengesellschaft                                               | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | DBT              | CORP              | DE        |    200000 | PA      | $251492.46    | 0.04%             | 2500-12-31      | Fixed         | 8.13%                 | Yes           | 2                  | On Loan: No      |
| Allwyn Entertainment Financing (UK) PLC                                        | Allwyn Entertainment Financing (UK) PLC                                        | CUSIP: N/A<br>LEI: 315700J7ZTIN8XGCX365       | Long             | DBT              | CORP              | GB        |    224000 | PA      | $279932.72    | 0.05%             | 2030-04-30      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| TVL Finance PLC                                                                | TVL Finance PLC                                                                | CUSIP: N/A<br>LEI: 549300DUQXE7VXG8YA50       | Long             | DBT              | CORP              | GB        |    150000 | PA      | $205316.82    | 0.04%             | 2028-04-28      | Fixed         | 10.25%                | Yes           | 2                  | On Loan: No      |
| CaixaBank, S.A.                                                                | CaixaBank, S.A.                                                                | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | DBT              | CORP              | ES        |    200000 | PA      | $258265.68    | 0.05%             | 2500-12-31      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Iliad Holding                                                                  | Iliad Holding                                                                  | CUSIP: N/A<br>LEI: 9695009PXA7OI9NXN582       | Long             | DBT              | CORP              | FR        |    400000 | PA      | $502061.41    | 0.09%             | 2031-04-15      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| CT Investment GmbH                                                             | CT Investment GmbH                                                             | CUSIP: N/A<br>LEI: 529900VYBTC7HKBCNB72       | Long             | DBT              | CORP              | DE        |    200000 | PA      | $242650.77    | 0.04%             | 2030-04-15      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| Progroup AG                                                                    | Progroup AG                                                                    | CUSIP: N/A<br>LEI: 529900YI5W5TQ8F2FP82       | Long             | DBT              | CORP              | DE        |    300000 | PA      | $349635.78    | 0.06%             | 2031-04-15      | Fixed         | 5.38%                 | Yes           | 2                  | On Loan: No      |
| Nationwide Building Society                                                    | Nationwide Building Society                                                    | CUSIP: N/A<br>LEI: 549300XFX12G42QIKN82       | Long             | DBT              | CORP              | GB        |    300000 | PA      | $415229.27    | 0.07%             | 2500-12-31      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Unicredit, Societa' Per Azioni In Forma Abbreviata Unicredit S.P.A.            | Unicredit, Societa' Per Azioni In Forma Abbreviata Unicredit S.P.A.            | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | DBT              | CORP              | IT        |    300000 | PA      | $371496.19    | 0.07%             | 2500-12-31      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Valeo                                                                          | Valeo                                                                          | CUSIP: N/A<br>LEI: 5493006IH2N2WMIBB742       | Long             | DBT              | CORP              | FR        |    400000 | PA      | $468494.53    | 0.08%             | 2030-04-11      | Fixed         | 4.50%                 | Yes           | 2                  | On Loan: No      |
| Mauser Packaging Solutions Holding Company                                     | Mauser Packaging Solutions Holding Company                                     | CUSIP: 57763TAE3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      5025 | PA      | $5022.01      | 0.00%             | 2027-04-15      | Floating      | 7.22%                 | No            | 2                  | On Loan: No      |
| Brand Industrial Services Inc                                                  | Brand Industrial Services Inc                                                  | CUSIP: 10524MAS6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1117646 | PA      | $930998.84    | 0.17%             | 2030-08-01      | Floating      | 8.78%                 | No            | 2                  | On Loan: No      |
| Brock Holdings III, Inc.                                                       | Brock Holdings III, Inc.                                                       | CUSIP: 11163AAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1260179 | PA      | $1194019.20   | 0.21%             | 2030-05-01      | Floating      | 10.30%                | No            | 2                  | On Loan: No      |
| Brock Holdings III, Inc.                                                       | Brock Holdings III, Inc.                                                       | CUSIP: 11163AAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    228571 | PA      | $216571.43    | 0.04%             | 2030-05-01      | Floating      | 10.30%                | No            | 2                  | On Loan: No      |
| Summit Behavioral Healthcare LLC                                               | Summit Behavioral Healthcare LLC                                               | CUSIP: 86602KAF3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1974924 | PA      | $1481192.89   | 0.26%             | 2028-11-24      | Floating      | 8.55%                 | No            | 2                  | On Loan: No      |
| Waterbridge Midstream Operating LLC                                            | Waterbridge Midstream Operating LLC                                            | CUSIP: 94120YAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1985000 | PA      | $1977139.40   | 0.35%             | 2029-05-07      | Floating      | 8.30%                 | No            | 2                  | On Loan: No      |
| FS Luxembourg S.a r.l.                                                         | FS Luxembourg S.a r.l.                                                         | CUSIP: 30315XAC8<br>LEI: 222100EKR3JUJPGGOY81 | Long             | DBT              | CORP              | US        |    382000 | PA      | $391618.84    | 0.07%             | 2031-02-12      | Fixed         | 8.88%                 | Yes           | 2                  | On Loan: No      |
| FloodSmart Re Ltd.                                                             | FloodSmart Re Ltd.                                                             | CUSIP: 33975CAP0<br>LEI: 549300KK1LNVFW95S875 | Long             | DBT              | CORP              | US        |    500000 | PA      | $513500.00    | 0.09%             | 2027-03-12      | Floating      | 18.34%                | Yes           | 2                  | On Loan: No      |
| Fortress Intermediate 3 Inc.                                                   | Fortress Intermediate 3 Inc.                                                   | CUSIP: 34966MAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    585000 | PA      | $613692.75    | 0.11%             | 2031-06-01      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Four Lakes Re Ltd.                                                             | Four Lakes Re Ltd.                                                             | CUSIP: 35087TAG3<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1463550.00   | 0.26%             | 2028-01-07      | Floating      | 9.78%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac MSCR Trust MN8                                                     | Freddie Mac MSCR Trust MN8                                                     | CUSIP: 35563RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    288028 | PA      | $291524.60    | 0.05%             | 2029-05-25      | Floating      | 7.16%                 | No            | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                         | Federal Home Loan Mortgage Corporation                                         | CUSIP: 35564KKK4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    890000 | PA      | $909840.41    | 0.16%             | 2041-09-25      | Floating      | 7.66%                 | No            | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                         | Federal Home Loan Mortgage Corporation                                         | CUSIP: 35564KPN3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    745000 | PA      | $768679.90    | 0.14%             | 2030-12-25      | Floating      | 8.06%                 | No            | 2                  | On Loan: No      |
| Freedom Mortgage Corporation                                                   | Freedom Mortgage Corporation                                                   | CUSIP: 35640YAJ6<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    330000 | PA      | $330858.07    | 0.06%             | 2027-01-15      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| GS Mortgage Securities Trust 2016-GS2                                          | GS Mortgage Securities Trust 2016-GS2                                          | CUSIP: 36252TAY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    286000 | PA      | $276520.44    | 0.05%             | 2026-05-12      | Variable      | 4.70%                 | No            | 2                  | On Loan: No      |
| Cornerstone Building Brands, Inc.                                              | Cornerstone Building Brands, Inc.                                              | CUSIP: 72431HAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1656675 | PA      | $1399890.38   | 0.25%             | 2031-05-05      | Floating      | 8.81%                 | No            | 2                  | On Loan: No      |
| Darktrace PLC                                                                  | Darktrace PLC                                                                  | CUSIP: 52526CAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $990830.00    | 0.18%             | 2032-07-02      | Floating      | 9.46%                 | No            | 2                  | On Loan: No      |
| Heartland Dental, LLC                                                          | Heartland Dental, LLC                                                          | CUSIP: 42236WAW7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1994949 | PA      | $1995208.83   | 0.36%             | 2028-04-28      | Floating      | 8.83%                 | No            | 2                  | On Loan: No      |
| Edelman Financial Center, LLC                                                  | Edelman Financial Center, LLC                                                  | CUSIP: 27943TAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $1001250.00   | 0.18%             | 2028-10-23      | Floating      | 9.58%                 | No            | 2                  | On Loan: No      |
| Waterbridge Midstream Operating LLC                                            | Waterbridge Midstream Operating LLC                                            | CUSIP: 94120XAF2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1492500 | PA      | $1482634.58   | 0.26%             | 2029-06-22      | Floating      | 9.31%                 | No            | 2                  | On Loan: No      |
| Team Services Group                                                            | Team Services Group                                                            | CUSIP: 87821EAG8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    997500 | PA      | $991684.58    | 0.18%             | 2027-12-20      | Floating      | 9.53%                 | No            | 2                  | On Loan: No      |
| Castlelake Aircraft Structured Trust 2025-1                                    | Castlelake Aircraft Structured Trust 2025-1                                    | CUSIP: 14856VAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    428686 | PA      | $417368.78    | 0.07%             | 2030-08-15      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| CEMEX S.A.B. de C.V.                                                           | CEMEX S.A.B. de C.V.                                                           | CUSIP: 151290CC5<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202334.20    | 0.04%             | 2500-12-31      | Fixed         | 7.20%                 | Yes           | 2                  | On Loan: No      |
| Champions Financing Inc.                                                       | Champions Financing Inc.                                                       | CUSIP: 15870LAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    510000 | PA      | $491535.52    | 0.09%             | 2029-02-15      | Fixed         | 8.75%                 | Yes           | 2                  | On Loan: No      |
| Chartwell Re Ltd.                                                              | Chartwell Re Ltd.                                                              | CUSIP: 16140YAA0<br>LEI: 984500FFT645KFFE6F50 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1262500.00   | 0.23%             | 2028-06-07      | Floating      | 10.31%                | Yes           | 2                  | On Loan: No      |
| Chartwell Re Ltd.                                                              | Chartwell Re Ltd.                                                              | CUSIP: 16140YAB8<br>LEI: 984500FFT645KFFE6F50 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996800.00    | 0.18%             | 2028-06-07      | Floating      | 11.31%                | Yes           | 2                  | On Loan: No      |
| Churchill Downs Incorporated                                                   | Churchill Downs Incorporated                                                   | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    115000 | PA      | $118188.65    | 0.02%             | 2031-05-01      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.                                           | Clear Channel Outdoor Holdings, Inc.                                           | CUSIP: 18453HAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    460000 | PA      | $482006.17    | 0.09%             | 2028-09-15      | Fixed         | 9.00%                 | Yes           | 2                  | On Loan: No      |
| Departamento Administrativo De La Presidencia De La Republica                  | Departamento Administrativo De La Presidencia De La Republica                  | CUSIP: 195325EG6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | US        |   1250000 | PA      | $1245205.00   | 0.22%             | 2034-02-02      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| CommScope, LLC.                                                                | CommScope, LLC.                                                                | CUSIP: 20338MAA0<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    375000 | PA      | $392444.50    | 0.07%             | 2031-12-15      | Fixed         | 9.50%                 | Yes           | 2                  | On Loan: No      |
| Compania de Minas Buenaventura S.A.A.                                          | Compania de Minas Buenaventura S.A.A.                                          | CUSIP: 204448AB0<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203383.78    | 0.04%             | 2032-02-04      | Fixed         | 6.80%                 | Yes           | 2                  | On Loan: No      |
| Builders FirstSource, Inc.                                                     | Builders FirstSource, Inc.                                                     | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    730000 | PA      | $751668.09    | 0.13%             | 2035-05-15      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Business Jet Securities 2024-2, LLC                                            | Business Jet Securities 2024-2, LLC                                            | CUSIP: 12326TAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    339051 | PA      | $337627.13    | 0.06%             | 2030-09-15      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Business Jet Securities 2024-1, LLC                                            | Business Jet Securities 2024-1, LLC                                            | CUSIP: 12327CAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    273499 | PA      | $279761.89    | 0.05%             | 2030-05-15      | Fixed         | 6.92%                 | No            | 2                  | On Loan: No      |
| BX Trust 2025-GW                                                               | BX Trust 2025-GW                                                               | CUSIP: 12433GAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    635000 | PA      | $636191.90    | 0.11%             | 2042-07-15      | Variable      | 0.00%                 | No            | 2                  | On Loan: No      |
| CCO Holdings, LLC                                                              | CCO Holdings, LLC                                                              | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    870000 | PA      | $866684.48    | 0.15%             | 2029-06-01      | Fixed         | 5.38%                 | Yes           | 2                  | On Loan: No      |
| CCO Holdings, LLC                                                              | CCO Holdings, LLC                                                              | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $200093.55    | 0.04%             | 2032-05-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| CCO Holdings, LLC                                                              | CCO Holdings, LLC                                                              | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    245000 | PA      | $249973.55    | 0.04%             | 2029-09-01      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| CDI Escrow Issuer, Inc.                                                        | CDI Escrow Issuer, Inc.                                                        | CUSIP: 12511VAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    540000 | PA      | $541880.07    | 0.10%             | 2030-04-01      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| CMS Energy Corporation                                                         | CMS Energy Corporation                                                         | CUSIP: 125896BY5<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    935000 | PA      | $937468.40    | 0.17%             | 2055-06-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| CSC Holdings, LLC                                                              | CSC Holdings, LLC                                                              | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    530000 | PA      | $502456.88    | 0.09%             | 2029-01-31      | Fixed         | 11.75%                | Yes           | 2                  | On Loan: No      |
| CVS Health Corporation                                                         | CVS Health Corporation                                                         | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    405000 | PA      | $406518.75    | 0.07%             | 2054-12-10      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| COMM 2024-CBM Mortgage Trust                                                   | COMM 2024-CBM Mortgage Trust                                                   | CUSIP: 12674GAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    330000 | PA      | $340082.29    | 0.06%             | 2029-12-12      | Variable      | 8.19%                 | No            | 2                  | On Loan: No      |
| Caci International Inc.                                                        | Caci International Inc.                                                        | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |    165000 | PA      | $170446.15    | 0.03%             | 2033-06-15      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| Caesars Entertainment, Inc.                                                    | Caesars Entertainment, Inc.                                                    | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     70000 | PA      | $66812.73     | 0.01%             | 2029-10-15      | Fixed         | 4.63%                 | Yes           | 2                  | On Loan: No      |
| Calderys Financing, LLC                                                        | Calderys Financing, LLC                                                        | CUSIP: 128786AA8<br>LEI: 254900ZIKDM74XNEFV84 | Long             | DBT              | CORP              | US        |    180000 | PA      | $191047.83    | 0.03%             | 2028-06-01      | Fixed         | 11.25%                | Yes           | 2                  | On Loan: No      |
| Calderys Financing, LLC                                                        | Calderys Financing, LLC                                                        | CUSIP: 12878AAA9<br>LEI: 254900ZIKDM74XNEFV84 | Long             | DBT              | CORP              | US        |    265000 | PA      | $274290.87    | 0.05%             | 2028-06-01      | Fixed         | 11.75%                | Yes           | 2                  | On Loan: No      |
| Canyon CLO 2025-1 Ltd                                                          | Canyon CLO 2025-1 Ltd                                                          | CUSIP: 138920AA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1125000 | PA      | $1111907.25   | 0.20%             | 2038-04-15      | Floating      | 9.05%                 | No            | 2                  | On Loan: No      |
| Cape Lookout Re Ltd.                                                           | Cape Lookout Re Ltd.                                                           | CUSIP: 13947LAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1620480.00   | 0.29%             | 2027-04-05      | Floating      | 12.97%                | Yes           | 2                  | On Loan: No      |
| Cape Lookout Re Ltd.                                                           | Cape Lookout Re Ltd.                                                           | CUSIP: 13947LAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1253375.00   | 0.22%             | 2028-03-13      | Floating      | 11.17%                | Yes           | 2                  | On Loan: No      |
| Capstone Copper Corp.                                                          | Capstone Copper Corp.                                                          | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | US        |    265000 | PA      | $271377.72    | 0.05%             | 2033-03-31      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Carnival Corporation                                                           | Carnival Corporation                                                           | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |    315000 | PA      | $318159.72    | 0.06%             | 2029-05-01      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| Carnival Corporation                                                           | Carnival Corporation                                                           | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |    410000 | PA      | $419112.04    | 0.07%             | 2033-02-15      | Fixed         | 6.13%                 | Yes           | 2                  | On Loan: No      |
| Diamond Escrow Issuer, LLC                                                     | Diamond Escrow Issuer, LLC                                                     | CUSIP: 25259KAA8<br>LEI: 2549002I12VHJWR4RC85 | Long             | DBT              | CORP              | US        |    410000 | PA      | $431708.60    | 0.08%             | 2028-11-15      | Fixed         | 9.75%                 | Yes           | 2                  | On Loan: No      |
| Dominion Energy, Inc.                                                          | Dominion Energy, Inc.                                                          | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    970000 | PA      | $989042.75    | 0.18%             | 2055-05-15      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| ELM Trust 2024-ELM                                                             | ELM Trust 2024-ELM                                                             | CUSIP: 26860XAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    325000 | PA      | $326031.03    | 0.06%             | 2027-06-11      | Variable      | 6.90%                 | No            | 2                  | On Loan: No      |
| ELM Trust 2024-ELM                                                             | ELM Trust 2024-ELM                                                             | CUSIP: 26860XBE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    499000 | PA      | $502904.33    | 0.09%             | 2027-06-11      | Variable      | 6.85%                 | No            | 2                  | On Loan: No      |
| Easton Re Pte. Ltd.                                                            | Easton Re Pte. Ltd.                                                            | CUSIP: 27777AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1926030.00   | 0.34%             | 2027-01-08      | Floating      | 11.80%                | Yes           | 2                  | On Loan: No      |
| Eaton Vance CLO 2013-1 Ltd                                                     | Eaton Vance CLO 2013-1 Ltd                                                     | CUSIP: 27830CAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1250000 | PA      | $1229236.25   | 0.22%             | 2034-01-17      | Floating      | 11.32%                | No            | 2                  | On Loan: No      |
| Eaton Vance CLO 2020-2 Ltd                                                     | Eaton Vance CLO 2020-2 Ltd                                                     | CUSIP: 27830RAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $988885.00    | 0.18%             | 2037-10-15      | Floating      | 10.76%                | No            | 2                  | On Loan: No      |
| EJF CRT 2024-R1 LLC                                                            | EJF CRT 2024-R1 LLC                                                            | CUSIP: 282930AA4<br>LEI: N/A                  | Long             | EC               | PF                | US        |   5527336 | NS      | $5521808.32   | 0.99%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Electricite de France                                                          | Electricite de France                                                          | CUSIP: 28504KAA5<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | US        |    450000 | PA      | $508117.88    | 0.09%             | 2500-12-31      | Fixed         | 9.13%                 | Yes           | 2                  | On Loan: No      |
| Ellucian Holdings Inc.                                                         | Ellucian Holdings Inc.                                                         | CUSIP: 289178AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    195000 | PA      | $199551.01    | 0.04%             | 2029-12-01      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Elmwood CLO 30 Ltd                                                             | Elmwood CLO 30 Ltd                                                             | CUSIP: 29001KAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1001975.00   | 0.18%             | 2037-07-17      | Floating      | 9.53%                 | No            | 2                  | On Loan: No      |
| Excelerate Energy Limited Partnership                                          | Excelerate Energy Limited Partnership                                          | CUSIP: 30069UAA6<br>LEI: LGL4IE90TNTFYJ55BK06 | Long             | DBT              | CORP              | US        |    800000 | PA      | $843087.90    | 0.15%             | 2030-05-15      | Fixed         | 8.00%                 | Yes           | 2                  | On Loan: No      |
| FMG Resources (August 2006) Pty Ltd                                            | FMG Resources (August 2006) Pty Ltd                                            | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | US        |    149000 | PA      | $138817.87    | 0.02%             | 2031-04-01      | Fixed         | 4.38%                 | Yes           | 2                  | On Loan: No      |
| Sempra                                                                         | Sempra                                                                         | CUSIP: 816851BV0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    875000 | PA      | $829769.50    | 0.15%             | 2055-04-01      | Fixed         | 6.55%                 | No            | 2                  | On Loan: No      |
| Shift4 Payments, LLC                                                           | Shift4 Payments, LLC                                                           | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $213059.48    | 0.04%             | 2032-08-15      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Sierra Timeshare 2022-2 Receivables Funding LLC                                | Sierra Timeshare 2022-2 Receivables Funding LLC                                | CUSIP: 82650TAD9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    324788 | PA      | $332550.61    | 0.06%             | 2040-06-20      | Fixed         | 9.22%                 | No            | 2                  | On Loan: No      |
| Sierra Timeshare 2024-3 Receivables Funding LLC                                | Sierra Timeshare 2024-3 Receivables Funding LLC                                | CUSIP: 82653BAD5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    330147 | PA      | $328810.84    | 0.06%             | 2041-08-20      | Fixed         | 6.93%                 | No            | 2                  | On Loan: No      |
| Sierra Timeshare 2025-1 Receivables Funding LLC                                | Sierra Timeshare 2025-1 Receivables Funding LLC                                | CUSIP: 82653CAD3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    622871 | PA      | $625176.46    | 0.11%             | 2042-01-21      | Fixed         | 6.86%                 | No            | 2                  | On Loan: No      |
| Six Flags Operations Inc.                                                      | Six Flags Operations Inc.                                                      | CUSIP: 83001AAD4<br>LEI: 549300JYTDUAA4JQ3717 | Long             | DBT              | CORP              | US        |    900000 | PA      | $924750.00    | 0.17%             | 2031-05-15      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Six Flags Operations Inc.                                                      | Six Flags Operations Inc.                                                      | CUSIP: 83002YAA7<br>LEI: 549300JYTDUAA4JQ3717 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72023.15     | 0.01%             | 2032-05-01      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| Sixth Street CLO XXV Ltd                                                       | Sixth Street CLO XXV Ltd                                                       | CUSIP: 83011WAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1250000 | PA      | $1264401.25   | 0.23%             | 2037-07-24      | Floating      | 10.28%                | No            | 2                  | On Loan: No      |
| South Africa, Parliament of                                                    | South Africa, Parliament of                                                    | CUSIP: 836205BB9<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | US        |   1340000 | PA      | $1006675.00   | 0.18%             | 2049-09-30      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Block, Inc.                                                                    | Block, Inc.                                                                    | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    345000 | PA      | $356127.06    | 0.06%             | 2032-05-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Starwood Property Trust, Inc.                                                  | Starwood Property Trust, Inc.                                                  | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    565000 | PA      | $594828.70    | 0.11%             | 2029-04-01      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Starwood Property Trust, Inc.                                                  | Starwood Property Trust, Inc.                                                  | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    225000 | PA      | $232484.01    | 0.04%             | 2030-07-01      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Surgery Center Holdings, Inc.                                                  | Surgery Center Holdings, Inc.                                                  | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |    460000 | PA      | $469014.08    | 0.08%             | 2032-04-15      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Sutter Re Ltd.                                                                 | Sutter Re Ltd.                                                                 | CUSIP: 86944RAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1026800.00   | 0.18%             | 2026-06-19      | Floating      | 11.08%                | Yes           | 2                  | On Loan: No      |
| Symphony CLO 45 Ltd                                                            | Symphony CLO 45 Ltd                                                            | CUSIP: 87170FAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2007050.00   | 0.36%             | 2037-10-15      | Floating      | 10.01%                | No            | 2                  | On Loan: No      |
| Tallgrass Energy Partners, LP                                                  | Tallgrass Energy Partners, LP                                                  | CUSIP: 87470LAK7<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |    780000 | PA      | $760807.75    | 0.14%             | 2031-09-01      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| Team Health Holdings, Inc.                                                     | Team Health Holdings, Inc.                                                     | CUSIP: 87817AAB3<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | DBT              | CORP              | US        |    144414 | PA      | $156683.05    | 0.03%             | 2028-06-30      | Fixed         | 13.50%                | Yes           | 2                  | On Loan: No      |
| Telecom Argentina SA                                                           | Telecom Argentina SA                                                           | CUSIP: 879273AU4<br>LEI: 549300MKPIRSJD8SB782 | Long             | DBT              | CORP              | US        |    200000 | PA      | $208067.17    | 0.04%             | 2031-07-18      | Fixed         | 9.50%                 | Yes           | 2                  | On Loan: No      |
| Terex Corporation                                                              | Terex Corporation                                                              | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |    820000 | PA      | $821780.20    | 0.15%             | 2032-10-15      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| 37 Capital Clo 1 Ltd                                                           | 37 Capital Clo 1 Ltd                                                           | CUSIP: 88430QAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2500000 | PA      | $2465790.00   | 0.44%             | 2034-10-16      | Floating      | 11.72%                | No            | 2                  | On Loan: No      |
| 3264 Re Ltd.                                                                   | 3264 Re Ltd.                                                                   | CUSIP: 88577CAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $490650.00    | 0.09%             | 2028-02-07      | Floating      | 25.53%                | Yes           | 2                  | On Loan: No      |
| Titania Re Ltd.                                                                | Titania Re Ltd.                                                                | CUSIP: 888329AE9<br>LEI: 5493008E73M6FH2NSB56 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2739275.00   | 0.49%             | 2027-11-26      | Floating      | 10.47%                | Yes           | 2                  | On Loan: No      |
| Torrey Pines Re Ltd.                                                           | Torrey Pines Re Ltd.                                                           | CUSIP: 89141WAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1016400.00   | 0.18%             | 2026-06-05      | Floating      | 9.55%                 | Yes           | 2                  | On Loan: No      |
| Torrey Pines Re Ltd.                                                           | Torrey Pines Re Ltd.                                                           | CUSIP: 89141WAN2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $500600.00    | 0.09%             | 2028-06-07      | Floating      | 10.78%                | Yes           | 2                  | On Loan: No      |
| TransDigm Inc.                                                                 | TransDigm Inc.                                                                 | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    295000 | PA      | $305545.21    | 0.05%             | 2032-03-01      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| Transmontaigne Partners LLC                                                    | Transmontaigne Partners LLC                                                    | CUSIP: 89377AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $166493.08    | 0.03%             | 2030-06-15      | Fixed         | 8.50%                 | Yes           | 2                  | On Loan: No      |
| TRESTLES CLO III LTD                                                           | TRESTLES CLO III LTD                                                           | CUSIP: 89532RAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1512480.00   | 0.27%             | 2037-10-20      | Floating      | 10.37%                | No            | 2                  | On Loan: No      |
| Trident Energy Finance PLC                                                     | Trident Energy Finance PLC                                                     | CUSIP: 89616MAB6<br>LEI: 9845004ECK3FYO64I382 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200051.35    | 0.04%             | 2029-11-30      | Fixed         | 12.50%                | Yes           | 2                  | On Loan: No      |
| Trident TPI Holdings, Inc.                                                     | Trident TPI Holdings, Inc.                                                     | CUSIP: 89616RAC3<br>LEI: 549300TPLK304J3RNC85 | Long             | DBT              | CORP              | US        |    390000 | PA      | $415162.55    | 0.07%             | 2028-12-31      | Fixed         | 12.75%                | Yes           | 2                  | On Loan: No      |
| Trivium Packaging Finance B.V.                                                 | Trivium Packaging Finance B.V.                                                 | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | US        |     95000 | PA      | $101919.14    | 0.02%             | 2031-01-15      | Fixed         | 12.25%                | Yes           | 2                  | On Loan: No      |
| Trivium Packaging Finance B.V.                                                 | Trivium Packaging Finance B.V.                                                 | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | US        |    100000 | PA      | $105679.04    | 0.02%             | 2030-07-15      | Fixed         | 8.25%                 | Yes           | 2                  | On Loan: No      |
| 1211 Avenue of The Americas                                                    | 1211 Avenue of The Americas                                                    | CUSIP: 90117PAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    355000 | PA      | $333768.76    | 0.06%             | 2025-08-10      | Variable      | 4.14%                 | No            | 2                  | On Loan: No      |
| UBS Group AG                                                                   | UBS Group AG                                                                   | CUSIP: 902613BE7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | US        |    440000 | PA      | $508750.00    | 0.09%             | 2500-12-31      | Fixed         | 9.25%                 | Yes           | 2                  | On Loan: No      |
| UKG Inc.                                                                       | UKG Inc.                                                                       | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |    965000 | PA      | $1001437.44   | 0.18%             | 2031-02-01      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| U.S. Foods Inc.                                                                | U.S. Foods Inc.                                                                | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70083.67     | 0.01%             | 2033-04-15      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| U.S. Bank National Association                                                 | U.S. Bank National Association                                                 | CUSIP: 90357PBG8<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | ABS-CBDO         | CORP              | US        |    335685 | PA      | $334531.56    | 0.06%             | 2032-02-25      | Floating      | 7.01%                 | No            | 2                  | On Loan: No      |
| Uniti Group Inc.                                                               | Uniti Group Inc.                                                               | CUSIP: 91327TAA9<br>LEI: 549300V3NU625PJUVA84 | Long             | DBT              | CORP              | US        |    486000 | PA      | $514935.02    | 0.09%             | 2028-02-15      | Fixed         | 10.50%                | Yes           | 2                  | On Loan: No      |
| Uniti Group Inc.                                                               | Uniti Group Inc.                                                               | CUSIP: 91327TAC5<br>LEI: 549300V3NU625PJUVA84 | Long             | DBT              | CORP              | US        |    230000 | PA      | $232403.64    | 0.04%             | 2032-06-15      | Fixed         | 8.63%                 | Yes           | 2                  | On Loan: No      |
| Upgrade Master Pass-Thru Trust Series 2025-ST1                                 | Upgrade Master Pass-Thru Trust Series 2025-ST1                                 | CUSIP: 91533KAB6<br>LEI: N/A                  | Long             | EC               | PF                | US        |  11000000 | NS      | $9476500.00   | 1.69%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Ursa Re II Ltd.                                                                | Ursa Re II Ltd.                                                                | CUSIP: 91734PAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1248750.00   | 0.22%             | 2028-06-07      | Floating      | 13.31%                | Yes           | 2                  | On Loan: No      |
| Ats Consolidated, Inc.                                                         | Ats Consolidated, Inc.                                                         | CUSIP: 91835HAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $127598.42    | 0.02%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Veraison Re Ltd.                                                               | Veraison Re Ltd.                                                               | CUSIP: 92335TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1025100.00   | 0.18%             | 2027-03-08      | Floating      | 9.07%                 | Yes           | 2                  | On Loan: No      |
| Veraison Re Ltd.                                                               | Veraison Re Ltd.                                                               | CUSIP: 92335TAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1494150.00   | 0.27%             | 2028-03-08      | Floating      | 7.83%                 | Yes           | 2                  | On Loan: No      |
| Veraison Re Ltd.                                                               | Veraison Re Ltd.                                                               | CUSIP: 92335TAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998400.00    | 0.18%             | 2028-03-08      | Floating      | 9.33%                 | Yes           | 2                  | On Loan: No      |
| Verde Purchaser, LLC                                                           | Verde Purchaser, LLC                                                           | CUSIP: 92339LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    630000 | PA      | $682347.11    | 0.12%             | 2030-11-30      | Fixed         | 10.50%                | Yes           | 2                  | On Loan: No      |
| Verus Securitization Trust 2025-3                                              | Verus Securitization Trust 2025-3                                              | CUSIP: 924928AD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    270000 | PA      | $275019.11    | 0.05%             | 2070-05-25      | Variable      | 6.65%                 | No            | 2                  | On Loan: No      |
| Viking Cruises Limited                                                         | Viking Cruises Limited                                                         | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70596.44     | 0.01%             | 2029-02-15      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Viking Ocean Cruises Ship VII Ltd                                              | Viking Ocean Cruises Ship VII Ltd                                              | CUSIP: 92682RAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    580000 | PA      | $579261.14    | 0.10%             | 2029-02-15      | Fixed         | 5.63%                 | Yes           | 2                  | On Loan: No      |
| Vistra Corp.                                                                   | Vistra Corp.                                                                   | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    525000 | PA      | $531319.15    | 0.09%             | 2500-12-31      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Vistra Operations Company LLC                                                  | Vistra Operations Company LLC                                                  | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    360000 | PA      | $382500.64    | 0.07%             | 2031-10-15      | Fixed         | 7.75%                 | Yes           | 2                  | On Loan: No      |
| State Street Bank                                                              | UNITED STATES DOLLAR                                                           | CUSIP: N/A<br>LEI: 571474TGEMMWANRLN572       | N/A              | DFE              | CORP              | US        |  37604205 | PA      | $-2755612.11  | -0.49%            |  |  |  | No            | 2                  | On Loan: No      |
| Goldman Sachs & Co.                                                            | EURO DOLLAR                                                                    | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | N/A              | DFE              | CORP              | US        |  11475365 | PA      | $923287.76    | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| Citibank, Inc.                                                                 | EURO DOLLAR                                                                    | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DFE              | CORP              | US        |    101688 | PA      | $-184.56      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| State Street Bank                                                              | UNITED STATES DOLLAR                                                           | CUSIP: N/A<br>LEI: 571474TGEMMWANRLN572       | N/A              | DFE              | CORP              | US        |   7404418 | PA      | $-564495.75   | -0.10%            |  |  |  | No            | 2                  | On Loan: No      |
| Standard Chartered Bank                                                        | EURO DOLLAR                                                                    | CUSIP: N/A<br>LEI: RILFO74KP1CM8P6PCT96       | N/A              | DFE              | CORP              | US        |    310470 | PA      | $11612.95     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Standard Chartered Bank                                                        | UNITED STATES DOLLAR                                                           | CUSIP: N/A<br>LEI: RILFO74KP1CM8P6PCT96       | N/A              | DFE              | CORP              | US        |   4934884 | PA      | $-195729.89   | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| Standard Chartered Bank                                                        | BRITISH POUND STERLING                                                         | CUSIP: N/A<br>LEI: RILFO74KP1CM8P6PCT96       | N/A              | DFE              | CORP              | GB        |   6013646 | PA      | $583409.07    | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Standard Chartered Bank                                                        | UNITED STATES DOLLAR                                                           | CUSIP: N/A<br>LEI: RILFO74KP1CM8P6PCT96       | N/A              | DFE              | CORP              | US        |   1469456 | PA      | $-9071.44     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| State Street Bank                                                              | UNITED STATES DOLLAR                                                           | CUSIP: N/A<br>LEI: 571474TGEMMWANRLN572       | N/A              | DFE              | CORP              | US        |  15045262 | PA      | $-1147016.06  | -0.20%            |  |  |  | No            | 2                  | On Loan: No      |
| Citibank, Inc.                                                                 | UNITED STATES DOLLAR                                                           | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DFE              | CORP              | US        |    511556 | PA      | $-11485.44    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| State Street Bank                                                              | UNITED STATES DOLLAR                                                           | CUSIP: N/A<br>LEI: 571474TGEMMWANRLN572       | N/A              | DFE              | CORP              | US        |  11624656 | PA      | $-851847.37   | -0.15%            |  |  |  | No            | 2                  | On Loan: No      |
| EUREX EXCHANGE                                                                 | FUTURE - PHYSICALLY DELIVERED                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | DE        |       -31 | NC      | $5616.35      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                         | FUTURE - PHYSICALLY DELIVERED                                                  | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |       972 | NC      | $1316917.71   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| INTERCONTINENTAL EXCHANGE                                                      | FUTURE - PHYSICALLY DELIVERED                                                  | CUSIP: N/A<br>LEI: 5493000F4ZO33MV32P92       | N/A              | DIR              | CORP              | GB        |       -10 | NC      | $-33410.46    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| EUREX EXCHANGE                                                                 | FUTURE - PHYSICALLY DELIVERED                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | DE        |       -18 | NC      | $16359.96     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| EUREX EXCHANGE                                                                 | FUTURE - PHYSICALLY DELIVERED                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | DE        |       -98 | NC      | $48480.27     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| EUREX EXCHANGE                                                                 | FUTURE - PHYSICALLY DELIVERED                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | DE        |       -43 | NC      | $39154.01     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                         | FUTURE - PHYSICALLY DELIVERED                                                  | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |       -29 | NC      | $-26396.78    | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                         | FUTURE - PHYSICALLY DELIVERED                                                  | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |       326 | NC      | $751228.86    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| EUREX EXCHANGE                                                                 | FUTURE - PHYSICALLY DELIVERED                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | DE        |         1 | NC      | $-2077.95     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                         | FUTURE - PHYSICALLY DELIVERED                                                  | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |       216 | NC      | $492315.84    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                         | FUTURE - PHYSICALLY DELIVERED                                                  | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |       -42 | NC      | $-190729.23   | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

**Name of Applicant:** Jackson Credit Opportunities Fund

**Signature:** Andrew Tedeschi

**Name of Signer:** Andrew Tedeschi

**Title:** Principal Financial Officer