# EDGAR Filing Document

**Accession Number:** 0001845809
**File Stem:** 0000869392-25-001151
**Filing Date:** 2025-6
**Character Count:** 131839
**Document Hash:** 1267b0d26346efb8435bc934d094985e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000869392-25-001151.hdr.sgml**: 20250618

**ACCESSION NUMBER**: 0000869392-25-001151

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250618

**DATE AS OF CHANGE**: 20250618

**PERIOD START**: 20250430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Putnam ETF Trust
- **CENTRAL INDEX KEY:** 0001845809

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23643
- **FILM NUMBER:** 251056138

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02111
- **BUSINESS PHONE:** 6177601060

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02111

## Series and Classes Contracts Data

### Putnam ESG High Yield ETF (Series ID: S000077298)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000237595 | -            |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Putnam ETF Trust

- **b. Investment Company Act file number:** 811-23643

- **c. CIK number of Registrant:** 0001845809

- **d. LEI of Registrant:** 549300EMFKH8ETCKNO35

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

  - **Street Address 1:** 100 FEDERAL STREET

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 1-800-225-1581

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

- **a. Name of Series:** Putnam ESG High Yield ETF

- **b. EDGAR series identifier (if any):** S000077298

- **c. LEI of Series:** 549300AFYICW7OFX8A68

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

- **a. Date of fiscal year-end:** 2025-04-30

- **b. Date as of which information is reported:** 2025-04-30

**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:** $180646459.19

**Total Liabilities:** $2239237.19

**Net Assets:** $178407222.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 57.6 | **1-Year:** 677.54 | **5-Year:** 2364.64 | **10-Year:** 547.97 | **30-Year:** 0

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

- **3-Month:** 734.02 | **1-Year:** 11147.11 | **5-Year:** 34654.32 | **10-Year:** 6730.23 | **30-Year:** 11.96

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237595 | 0.46%                | -0.92%               | 0.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-15952.95               | $-131485.56                                |
| Month 2  | $-35211.40               | $-2548548.33                               |
| Month 3  | $239740.01               | $-156422.41                                |

**Designated Index Information**

- **Index Name:** JPDJHYI

- **Index Identifier:** BM10834

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| PETSMART LLC                                                                    | BANK LOAN NOTE                   | CUSIP: 71677HAL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    647302 | PA      | $639883.62    | 0.36%             | 2028-01-29      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                                                   | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300Z6K4JXMFE8QY54       | Long             | DBT              | CORP              | US        |    360000 | PA      | $354261.60    | 0.20%             | 2029-12-17      | Floating      | 9.58%                 | No            |                  2 | On Loan: No      |
| APOLLO COMMERCIAL REAL ESTATE FINANCE INC                                       | BANK LOAN NOTE                   | CUSIP: 03768DAC1<br>LEI: 549300E0AN7M2AQHSY29 | Long             | DBT              | CORP              | US        |    468779 | PA      | $464091.43    | 0.26%             | 2028-03-11      | Floating      | 7.94%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                                                 | BANK LOAN NOTE                   | CUSIP: 55759VAB4<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    565501 | PA      | $561154.97    | 0.31%             | 2028-06-15      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| DEXKO GLOBAL INC                                                                | BANK LOAN NOTE                   | CUSIP: 25213YAU9<br>LEI: 549300SMZ4OV1KBH1M19 | Long             | DBT              | CORP              | US        |    143887 | PA      | $133221.81    | 0.07%             | 2028-10-04      | Floating      | 8.19%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT LLC/NV                                                   | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 984500A0805D8V551D35       | Long             | DBT              | CORP              | US        |    420300 | PA      | $410450.14    | 0.23%             | 2029-01-27      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| VIBRANTZ TECHNOLOGIES INC                                                       | BANK LOAN NOTE                   | CUSIP: 69346EAG2<br>LEI: 549300GYZ1T3S8OPH343 | Long             | DBT              | CORP              | US        |    366271 | PA      | $329100.10    | 0.18%             | 2029-04-23      | Floating      | 8.64%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                                                      | BANK LOAN NOTE                   | CUSIP: 92555WAD7<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |     59239 | PA      | $55741.75     | 0.03%             | 2029-02-24      | Floating      | 8.94%                 | No            |                  2 | On Loan: No      |
| KLOCKNER-PENTAPLAST OF AMERICA INC                                              | BANK LOAN NOTE                   | CUSIP: 49865NAT7<br>LEI: 5299004QDA11QZOG5N31 | Long             | DBT              | CORP              | US        |    281724 | PA      | $254890.10    | 0.14%             | 2026-02-04      | Floating      | 9.23%                 | No            |                  2 | On Loan: No      |
| AADVANTAGE LOYALTY IP LTD                                                       | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |    590098 | PA      | $578900.93    | 0.32%             | 2028-04-20      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| FILTRATION GROUP CORP                                                           | BANK LOAN NOTE                   | CUSIP: 31732FAV8<br>LEI: 549300ZA0D9WN5ECE978 | Long             | DBT              | CORP              | US        |    180000 | PA      | $180048.60    | 0.10%             | 2028-12-26      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                                                               | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300474L1ZLXZY2P98       | Long             | DBT              | CORP              | US        |    254165 | PA      | $249611.63    | 0.14%             | 2032-01-14      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| IRB HOLDING CORP                                                                | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300HVW4WNWYBXN830       | Long             | DBT              | CORP              | US        |    182412 | PA      | $181286.18    | 0.10%             | 2028-03-10      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                                                             | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300PVG26ISP5X1556       | Long             | DBT              | CORP              | US        |    406199 | PA      | $403996.95    | 0.23%             | 2028-10-05      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                           | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: IWUQB36BXD6OWD6X4T14       | Long             | DBT              | CORP              | US        |    138600 | PA      | $134990.86    | 0.08%             | 2029-06-04      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                                           | BANK LOAN NOTE                   | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    512362 | PA      | $497185.97    | 0.28%             | 2029-08-02      | Floating      | 9.79%                 | No            |                  2 | On Loan: No      |
| CROCS INC                                                                       | BANK LOAN NOTE                   | CUSIP: 22704NAF9<br>LEI: 549300B0J6YCXD63OG72 | Long             | DBT              | CORP              | US        |     82143 | PA      | $82435.69     | 0.05%             | 2029-02-20      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                                         | BANK LOAN NOTE                   | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |    282447 | PA      | $281805.98    | 0.16%             | 2031-01-31      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                                              | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 254900XBEE6V1ENYS150       | Long             | DBT              | CORP              | US        |    453351 | PA      | $440997.39    | 0.25%             | 2028-08-21      | Floating      | 8.44%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL                                                              | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 2594001KNYIQ456J2792       | Long             | DBT              | CORP              | LU        |    366300 | PA      | $330129.71    | 0.19%             | 2029-09-13      | Floating      | 8.82%                 | No            |                  2 | On Loan: No      |
| FORTRESS INTERMEDIATE 3 INC                                                     | BANK LOAN NOTE                   | CUSIP: 34966LAB0<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | DBT              | CORP              | US        |    602875 | PA      | $591571.09    | 0.33%             | 2031-05-08      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| PROOFPOINT INC                                                                  | BANK LOAN NOTE                   | CUSIP: 74345HAG6<br>LEI: 529900C5FODDK0WSR085 | Long             | DBT              | CORP              | US        |    495530 | PA      | $493146.96    | 0.28%             | 2028-08-31      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                             | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 254900QT3R363TVK6F09       | Long             | DBT              | CORP              | US        |    251860 | PA      | $250455.94    | 0.14%             | 2028-10-23      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| FLASH CHARM INC                                                                 | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300VQ6S3PWR8NUC48       | Long             | DBT              | CORP              | US        |    312638 | PA      | $285380.20    | 0.16%             | 2028-03-02      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES HOLDINGS LP                                                    | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300W5GPFXXB6TQ330       | Long             | DBT              | CORP              | US        |    173684 | PA      | $172381.55    | 0.10%             | 2029-04-04      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| EMRLD BORROWER LP                                                               | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 5493000GJYE7GAQCUC61       | Long             | DBT              | CORP              | US        |    333325 | PA      | $329923.42    | 0.18%             | 2031-06-18      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                   | BANK LOAN NOTE                   | CUSIP: 89364MCD4<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    786050 | PA      | $778967.69    | 0.44%             | 2032-01-05      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| NOURYON FINANCE BV                                                              | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300GD4NJGLPVYB245       | Long             | DBT              | CORP              | NL        |    566584 | PA      | $563751.04    | 0.32%             | 2028-04-03      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| NOURYON FINANCE BV                                                              | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300GD4NJGLPVYB245       | Long             | DBT              | CORP              | NL        |    103692 | PA      | $103173.63    | 0.06%             | 2028-04-03      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| ENDO FINANCE HOLDINGS INC                                                       | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    791925 | PA      | $769157.16    | 0.43%             | 2031-04-23      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                                        | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 04EEB871XLHVNY4RZJ65       | Long             | DBT              | CORP              | US        |    461662 | PA      | $456782.15    | 0.26%             | 2029-03-29      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| GUIDEWIRE SOFTWARE INC                                                          | CONV. NOTE                       | CUSIP: 40171VAB6<br>LEI: 549300WXSG0J8IXZCK32 | Long             | DBT              | CORP              | US        |    402000 | PA      | $443004.00    | 0.25%             | 2029-11-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| CHEFS' WAREHOUSE INC/THE                                                        | CONV. NOTE                       | CUSIP: 163086AE1<br>LEI: 549300JYEDC8C547E980 | Long             | DBT              | CORP              | US        |     65000 | PA      | $93625.92     | 0.05%             | 2028-12-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| PG AND E CORP                                                                   | CONVERTIBLE PREF                 | CUSIP: 69331C306<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EP               | CORP              | US        |      5278 | NS      | $229540.22    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO/THE                                                                   | CONVERTIBLE PREF                 | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |      9929 | NS      | $609442.02    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT INC                                                    | CONVERTIBLE PREF                 | CUSIP: 03769M304<br>LEI: 254900LMFT1CY9IYB476 | Long             | EP               | CORP              | US        |      4299 | NS      | $310043.88    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| PENN ENTERTAINMENT INC                                                          | CORP. NOTE                       | CUSIP: 707569AS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $334886.43    | 0.19%             | 2027-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LADDER CAPITAL FINANCE HOLDINGS LLLP / LADDER CAPITAL FINANCE CORP              | CORP. NOTE                       | CUSIP: 505742AG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $79705.63     | 0.04%             | 2025-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PRECISION DRILLING CORP                                                         | CORP. NOTE                       | CUSIP: 740212AL9<br>LEI: 549300WF2OE8T5BP4B84 | Long             | DBT              | CORP              | CA        |    108000 | PA      | $107726.99    | 0.06%             | 2026-01-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN POSEIDON LTD                                                         | CORP. NOTE                       | CUSIP: 89383JAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    115500 | PA      | $114754.77    | 0.06%             | 2027-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP / CLARIOS US FINANCE CO                                       | CORP. NOTE                       | CUSIP: 69867DAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    705000 | PA      | $708912.05    | 0.40%             | 2027-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                                                | CORP. NOTE                       | CUSIP: 085770AB1<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249932.52    | 0.14%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMMUNITIES INC                                                 | CORP. NOTE                       | CUSIP: 87724RAA0<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    380000 | PA      | $382191.84    | 0.21%             | 2027-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAPITAL LLC / OUTFRONT MEDIA CAPITAL CORP                        | CORP. NOTE                       | CUSIP: 69007TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $137308.15    | 0.08%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                                                               | CORP. NOTE                       | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    665000 | PA      | $659368.21    | 0.37%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                               | CORP. NOTE                       | CUSIP: 42704LAA2<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    825000 | PA      | $816533.36    | 0.46%             | 2027-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMMUNITIES INC                                                 | CORP. NOTE                       | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    165000 | PA      | $165223.01    | 0.09%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                           | CORP. NOTE                       | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    650000 | PA      | $645122.53    | 0.36%             | 2027-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY INC                                                                | CORP. NOTE                       | CUSIP: 92763MAA3<br>LEI: 5299009LINL232255G03 | Long             | DBT              | CORP              | US        |    435000 | PA      | $433086.74    | 0.24%             | 2027-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LIGHT  AND  WONDER INTERNATIONAL INC                                            | CORP. NOTE                       | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    520000 | PA      | $530663.64    | 0.30%             | 2029-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LADDER CAPITAL FINANCE HOLDINGS LLLP / LADDER CAPITAL FINANCE CORP              | CORP. NOTE                       | CUSIP: 505742AM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    345000 | PA      | $336435.62    | 0.19%             | 2027-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PRIME SECURITY SERVICES BORROWER LLC / PRIME FINANCE INC                        | CORP. NOTE                       | CUSIP: 74166MAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    785000 | PA      | $785204.89    | 0.44%             | 2028-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                                                         | CORP. NOTE                       | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |    490000 | PA      | $479765.12    | 0.27%             | 2027-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                                      | CORP. NOTE                       | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    260000 | PA      | $242019.77    | 0.14%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE                                                                  | CORP. NOTE                       | CUSIP: 21039CAA2<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |    970000 | PA      | $955414.84    | 0.54%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                                                   | CORP. NOTE                       | CUSIP: 203372AV9<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    510000 | PA      | $433819.72    | 0.24%             | 2028-07-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BOISE CASCADE CO                                                                | CORP. NOTE                       | CUSIP: 09739DAD2<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | DBT              | CORP              | US        |   1865000 | PA      | $1763108.75   | 0.99%             | 2030-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CDW LLC / CDW FINANCE CORP                                                      | CORP. NOTE                       | CUSIP: 12513GBF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $303036.66    | 0.17%             | 2029-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ON SEMICONDUCTOR CORP                                                           | CORP. NOTE                       | CUSIP: 682189AQ8<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |    475000 | PA      | $449567.17    | 0.25%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WEEKLEY HOMES LLC / WEEKLEY FINANCE CORP                                        | CORP. NOTE                       | CUSIP: 948565AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    660000 | PA      | $617943.41    | 0.35%             | 2028-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                                                               | CORP. NOTE                       | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    185000 | PA      | $174390.00    | 0.10%             | 2028-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                                                          | CORP. NOTE                       | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    440000 | PA      | $411117.42    | 0.23%             | 2029-03-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC / SHIFT4 PAYMENTS FINANCE SUB INC                           | CORP. NOTE                       | CUSIP: 82453AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    650000 | PA      | $641612.14    | 0.36%             | 2026-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS LLC                                                      | CORP. NOTE                       | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |    535000 | PA      | $496099.31    | 0.28%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                                                              | CORP. NOTE                       | CUSIP: 81180WBF7<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |    545000 | PA      | $490309.25    | 0.27%             | 2029-07-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                                | CORP. NOTE                       | CUSIP: 12543DBG4<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244012.59    | 0.14%             | 2027-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MERCER INTERNATIONAL INC                                                        | CORP. NOTE                       | CUSIP: 588056BB6<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | CA        |    485000 | PA      | $399574.83    | 0.22%             | 2029-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                                                             | CORP. NOTE                       | CUSIP: 77314EAA6<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    525000 | PA      | $501993.82    | 0.28%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PETSMART INC / PETSMART FINANCE CORP                                            | CORP. NOTE                       | CUSIP: 71677KAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    530000 | PA      | $494424.07    | 0.28%             | 2029-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                                              | CORP. NOTE                       | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | US        |    980000 | PA      | $984432.81    | 0.55%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                                              | CORP. NOTE                       | CUSIP: 18453HAC0<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    385000 | PA      | $319848.38    | 0.18%             | 2028-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                   | CORP. NOTE                       | CUSIP: 143658BN1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |    685000 | PA      | $683092.96    | 0.38%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPERATING CO LLC / GD FINANCE CO INC                                   | CORP. NOTE                       | CUSIP: 38016LAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    635000 | PA      | $592367.94    | 0.33%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TTM TECHNOLOGIES INC                                                            | CORP. NOTE                       | CUSIP: 87305RAK5<br>LEI: 549300SC4BDOIS008048 | Long             | DBT              | CORP              | US        |    930000 | PA      | $865485.62    | 0.49%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING FINANCE USA LLC / ARDAGH METAL PACKAGING FINANCE PLC     | CORP. NOTE                       | CUSIP: 03969YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    575000 | PA      | $501157.42    | 0.28%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CROCS INC                                                                       | CORP. NOTE                       | CUSIP: 227046AA7<br>LEI: 549300B0J6YCXD63OG72 | Long             | DBT              | CORP              | US        |    420000 | PA      | $390266.10    | 0.22%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                                                                      | CORP. NOTE                       | CUSIP: 880779BA0<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |    175000 | PA      | $167566.42    | 0.09%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VM CONSOLIDATED INC                                                             | CORP. NOTE                       | CUSIP: 91835HAA0<br>LEI: 549300GCTGJLEBXJUK89 | Long             | DBT              | CORP              | US        |   1355000 | PA      | $1308166.32   | 0.73%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| IMOLA MERGER CORP                                                               | CORP. NOTE                       | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $573719.67    | 0.32%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TMS INTERNATIONAL CORP/DE                                                       | CORP. NOTE                       | CUSIP: 87261QAC7<br>LEI: 549300L4K0F1YF8WKF23 | Long             | DBT              | CORP              | US        |    390000 | PA      | $361402.74    | 0.20%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NEWS CORP                                                                       | CORP. NOTE                       | CUSIP: 65249BAA7<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |    955000 | PA      | $899686.89    | 0.50%             | 2029-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                                                          | CORP. NOTE                       | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    665000 | PA      | $637735.73    | 0.36%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                                                          | CORP. NOTE                       | CUSIP: 78433BAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    680000 | PA      | $661261.61    | 0.37%             | 2029-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS INC                                                       | CORP. NOTE                       | CUSIP: 073685AH2<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |   1015000 | PA      | $1024462.18   | 0.57%             | 2029-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ENCINO ACQUISITION PARTNERS HOLDINGS LLC                                        | CORP. NOTE                       | CUSIP: 29254BAA5<br>LEI: 549300BUKUEKT2UE4T49 | Long             | DBT              | CORP              | US        |    520000 | PA      | $520835.64    | 0.29%             | 2028-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AHEAD DB HOLDINGS LLC                                                           | CORP. NOTE                       | CUSIP: 00867FAA6<br>LEI: 254900L07WFL833JX193 | Long             | DBT              | CORP              | US        |    675000 | PA      | $653634.43    | 0.37%             | 2028-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| AMERICAN BUILDERS  AND  CONTRACTORS SUPPLY CO INC                               | CORP. NOTE                       | CUSIP: 024747AG2<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |    720000 | PA      | $665348.60    | 0.37%             | 2029-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HERENS HOLDCO SARL                                                              | CORP. NOTE                       | CUSIP: 427169AA5<br>LEI: 2221002FZ55AMAUX4G64 | Long             | DBT              | CORP              | LU        |    670000 | PA      | $585228.04    | 0.33%             | 2028-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                                | CORP. NOTE                       | CUSIP: 12543DBL3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    375000 | PA      | $256076.36    | 0.14%             | 2030-04-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                           | CORP. NOTE                       | CUSIP: 88033GDM9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    425000 | PA      | $405223.26    | 0.23%             | 2029-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                                                                | CORP. NOTE                       | CUSIP: 172441BF3<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |    525000 | PA      | $515975.62    | 0.29%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PRECISION DRILLING CORP                                                         | CORP. NOTE                       | CUSIP: 740212AM7<br>LEI: 549300WF2OE8T5BP4B84 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $234701.95    | 0.13%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                             | CORP. NOTE                       | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    235000 | PA      | $221274.10    | 0.12%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                                                 | CORP. NOTE                       | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    755000 | PA      | $714987.49    | 0.40%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION INC                                                       | CORP. NOTE                       | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    225000 | PA      | $220643.62    | 0.12%             | 2028-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION INC                                                       | CORP. NOTE                       | CUSIP: 57767XAB6<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    530000 | PA      | $525651.99    | 0.29%             | 2029-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC / DIRECTV FINANCING CO-OBLIGOR INC                        | CORP. NOTE                       | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $178966.91    | 0.10%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                                     | CORP. NOTE                       | CUSIP: 780153BJ0<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | US        |    275000 | PA      | $275318.18    | 0.15%             | 2026-08-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                                                              | CORP. NOTE                       | CUSIP: 845467AS8<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248444.28    | 0.14%             | 2030-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                                       | CORP. NOTE                       | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   1060000 | PA      | $979618.50    | 0.55%             | 2029-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TGNR INTERMEDIATE HOLDINGS LLC                                                  | CORP. NOTE                       | CUSIP: 77289KAA3<br>LEI: 5493007AZNVKZ5HEMT23 | Long             | DBT              | CORP              | US        |    690000 | PA      | $634770.49    | 0.36%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                                                      | CORP. NOTE                       | CUSIP: 39843UAA0<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    950000 | PA      | $885248.76    | 0.50%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                             | CORP. NOTE                       | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    470000 | PA      | $446790.28    | 0.25%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                             | CORP. NOTE                       | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    505000 | PA      | $471581.23    | 0.26%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SCIL IV LLC / SCIL USA HOLDINGS LLC                                             | CORP. NOTE                       | CUSIP: 78397UAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $197577.80    | 0.11%             | 2026-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC / ALLIANT HOLDINGS CO-ISSUER                  | CORP. NOTE                       | CUSIP: 01883LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    720000 | PA      | $695726.21    | 0.39%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                   | CORP. NOTE                       | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |    120000 | PA      | $119421.31    | 0.07%             | 2029-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERNATIONAL LLC                                             | CORP. NOTE                       | CUSIP: 38869AAD9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |   1140000 | PA      | $1048881.85   | 0.59%             | 2030-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                                           | CORP. NOTE                       | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    300000 | PA      | $283123.41    | 0.16%             | 2027-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| COTY INC/HFC PRESTIGE PRODUCTS INC/HFC PRESTIGE INTERNATIONAL US LLC            | CORP. NOTE                       | CUSIP: 222070AG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1040000 | PA      | $1001529.78   | 0.56%             | 2029-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                                                         | CORP. NOTE                       | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |   1005000 | PA      | $877994.13    | 0.49%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT LLC / FERTITTA ENTERTAINMENT FINANCE CO INC              | CORP. NOTE                       | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    935000 | PA      | $819057.94    | 0.46%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                                | CORP. NOTE                       | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1030000 | PA      | $879715.21    | 0.49%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                                                          | CORP. NOTE                       | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1004651.92   | 0.56%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VIBRANTZ TECHNOLOGIES INC                                                       | CORP. NOTE                       | CUSIP: 69357VAA3<br>LEI: 549300GYZ1T3S8OPH343 | Long             | DBT              | CORP              | US        |    400000 | PA      | $303927.94    | 0.17%             | 2030-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP                                                                     | CORP. NOTE                       | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |   1305000 | PA      | $1128592.62   | 0.63%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES HOLDINGS LP/SCIENTIFIC GAMES US FINCO INC                      | CORP. NOTE                       | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    490000 | PA      | $466958.14    | 0.26%             | 2030-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| NCL CORP LTD                                                                    | CORP. NOTE                       | CUSIP: 62886HBG5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | US        |    160000 | PA      | $165270.08    | 0.09%             | 2029-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                                             | CORP. NOTE                       | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    530000 | PA      | $518843.71    | 0.29%             | 2030-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                                             | CORP. NOTE                       | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |   1390000 | PA      | $1359524.24   | 0.76%             | 2030-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                                        | CORP. NOTE                       | CUSIP: 12008RAR8<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    620000 | PA      | $624157.10    | 0.35%             | 2032-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                           | CORP. NOTE                       | CUSIP: 88033GDQ0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    725000 | PA      | $728392.28    | 0.41%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                                                     | CORP. NOTE                       | CUSIP: 05368VAA4<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |    370000 | PA      | $377593.51    | 0.21%             | 2030-08-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                                        | CORP. NOTE                       | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    735000 | PA      | $735962.02    | 0.41%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                                                          | CORP. NOTE                       | CUSIP: 85205TAN0<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    170000 | PA      | $181123.27    | 0.10%             | 2029-11-30      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                                                            | CORP. NOTE                       | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    135000 | PA      | $143994.15    | 0.08%             | 2031-01-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURANCE MANAGEMENT INC                                      | CORP. NOTE                       | CUSIP: 48020RAA3<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    475000 | PA      | $511400.68    | 0.29%             | 2030-12-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| TRANSOCEAN TITAN FINANCING LTD                                                  | CORP. NOTE                       | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    285000 | PA      | $282588.02    | 0.16%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                                               | CORP. NOTE                       | CUSIP: 184496AQ0<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |   1215000 | PA      | $1238704.65   | 0.69%             | 2031-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                                                  | CORP. NOTE                       | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | US        |    128000 | PA      | $125219.25    | 0.07%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                                       | CORP. NOTE                       | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    975000 | PA      | $998661.58    | 0.56%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC / WYNN RESORTS CAPITAL CORP                            | CORP. NOTE                       | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1890000 | PA      | $1951621.56   | 1.09%             | 2031-02-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| HANESBRANDS INC                                                                 | CORP. NOTE                       | CUSIP: 410345AQ5<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |    840000 | PA      | $871231.76    | 0.49%             | 2031-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS LTD                                                      | CORP. NOTE                       | CUSIP: 00687YAC9<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | IE        |    790000 | PA      | $782815.40    | 0.44%             | 2031-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV                                  | CORP. NOTE                       | CUSIP: 88167AAS0<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    785000 | PA      | $842393.71    | 0.47%             | 2029-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV                                  | CORP. NOTE                       | CUSIP: 88167AAR2<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    855000 | PA      | $942411.78    | 0.53%             | 2031-09-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                                                          | CORP. NOTE                       | CUSIP: 76774LAB3<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86772.85     | 0.05%             | 2028-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                                                          | CORP. NOTE                       | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |   1115000 | PA      | $1170453.41   | 0.66%             | 2031-03-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURANCE MANAGEMENT INC                                      | CORP. NOTE                       | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    375000 | PA      | $395909.63    | 0.22%             | 2030-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                           | CORP. NOTE                       | CUSIP: 527298BU6<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    495000 | PA      | $537604.34    | 0.30%             | 2030-05-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                                        | CORP. NOTE                       | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    445000 | PA      | $448795.72    | 0.25%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                                | CORP. NOTE                       | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    550000 | PA      | $538054.00    | 0.30%             | 2028-05-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP / CLARIOS US FINANCE CO                                       | CORP. NOTE                       | CUSIP: 18060TAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50824.20     | 0.03%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| KEDRION SPA                                                                     | CORP. NOTE                       | CUSIP: 49272YAB9<br>LEI: 81560047FA58E1BEDF67 | Long             | DBT              | CORP              | IT        |   1440000 | PA      | $1381506.90   | 0.77%             | 2029-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BENTELER INTERNATIONAL AG                                                       | CORP. NOTE                       | CUSIP: 08263DAA4<br>LEI: 529900ZAFSOBVFCKF263 | Long             | DBT              | CORP              | AT        |    595000 | PA      | $608098.33    | 0.34%             | 2028-05-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORP                                                    | CORP. NOTE                       | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |    655000 | PA      | $664521.83    | 0.37%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                          | CORP. NOTE                       | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    435000 | PA      | $419899.38    | 0.24%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORP                                                   | CORP. NOTE                       | CUSIP: 25259KAA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    540000 | PA      | $563332.32    | 0.32%             | 2028-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES LP / RHP FINANCE CORP                                      | CORP. NOTE                       | CUSIP: 749571AJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    255000 | PA      | $262269.54    | 0.15%             | 2028-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                                           | CORP. NOTE                       | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    830000 | PA      | $861467.79    | 0.48%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                                           | CORP. NOTE                       | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    415000 | PA      | $394987.95    | 0.22%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                                           | CORP. NOTE                       | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    140000 | PA      | $137716.80    | 0.08%             | 2028-07-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                                              | CORP. NOTE                       | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | US        |    435000 | PA      | $465465.23    | 0.26%             | 2031-07-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                   | CORP. NOTE                       | CUSIP: 143658BW1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |     80000 | PA      | $83516.16     | 0.05%             | 2029-08-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LIGHT  AND  WONDER INTERNATIONAL INC                                            | CORP. NOTE                       | CUSIP: 531968AA3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    315000 | PA      | $323886.41    | 0.18%             | 2031-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ANYWHERE REAL ESTATE GROUP LLC / ANYWHERE CO-ISSUER CORP                        | CORP. NOTE                       | CUSIP: 75606DAS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    427000 | PA      | $379225.57    | 0.21%             | 2030-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                                    | CORP. NOTE                       | CUSIP: 90290MAH4<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   1390000 | PA      | $1455830.40   | 0.82%             | 2032-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                        | CORP. NOTE                       | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    670000 | PA      | $708894.84    | 0.40%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BANIJAY ENTERTAINMENT SAS                                                       | CORP. NOTE                       | CUSIP: 060335AB2<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |   1055000 | PA      | $1082292.49   | 0.61%             | 2029-05-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                                                              | CORP. NOTE                       | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |    165000 | PA      | $171608.25    | 0.10%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                                                           | CORP. NOTE                       | CUSIP: 35640YAL1<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    385000 | PA      | $423952.95    | 0.24%             | 2030-10-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| MERCER INTERNATIONAL INC                                                        | CORP. NOTE                       | CUSIP: 588056BC4<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | CA        |    275000 | PA      | $281338.32    | 0.16%             | 2028-10-01      | Fixed         | 12.88%                | No            |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC                                                        | CORP. NOTE                       | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |    265000 | PA      | $279891.94    | 0.16%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN AQUILA LTD                                                           | CORP. NOTE                       | CUSIP: 893790AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    101923 | PA      | $100601.50    | 0.06%             | 2028-09-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SITIO ROYALTIES OPERATING PARTNERSHIP LP / SITIO FINANCE CORP                   | CORP. NOTE                       | CUSIP: 82983MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    655000 | PA      | $673781.47    | 0.38%             | 2028-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| NCL CORP LTD                                                                    | CORP. NOTE                       | CUSIP: 62886HBN0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | US        |    175000 | PA      | $183384.60    | 0.10%             | 2029-01-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY INC                                                                | CORP. NOTE                       | CUSIP: 92763MAB1<br>LEI: 5299009LINL232255G03 | Long             | DBT              | CORP              | US        |    670000 | PA      | $696170.87    | 0.39%             | 2031-11-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                          | CORP. NOTE                       | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    265000 | PA      | $274767.36    | 0.15%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                          | CORP. NOTE                       | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   1320000 | PA      | $1341105.48   | 0.75%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| ARETEC GROUP INC                                                                | CORP. NOTE                       | CUSIP: 04020JAA4<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |    125000 | PA      | $134750.25    | 0.08%             | 2030-08-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAPITAL LLC / OUTFRONT MEDIA CAPITAL CORP                        | CORP. NOTE                       | CUSIP: 69007TAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $262001.50    | 0.15%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                                                          | CORP. NOTE                       | CUSIP: 85205TAR1<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    915000 | PA      | $1013963.24   | 0.57%             | 2030-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                                                   | CORP. NOTE                       | CUSIP: 50187TAH9<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    680000 | PA      | $687092.40    | 0.39%             | 2028-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                                                | CORP. NOTE                       | CUSIP: 36170JAC0<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | IE        |    420000 | PA      | $431571.00    | 0.24%             | 2027-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                                           | CORP. NOTE                       | CUSIP: 36168QAQ7<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |   1030000 | PA      | $1071973.26   | 0.60%             | 2031-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC / ALLIANT HOLDINGS CO-ISSUER                  | CORP. NOTE                       | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    840000 | PA      | $853353.78    | 0.48%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                                | CORP. NOTE                       | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    610000 | PA      | $630592.41    | 0.35%             | 2032-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| CHOBANI LLC / CHOBANI FINANCE CORP INC                                          | CORP. NOTE                       | CUSIP: 17027NAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1300321.04   | 0.73%             | 2029-07-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                                | CORP. NOTE                       | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    880000 | PA      | $832518.12    | 0.47%             | 2029-01-31      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                                       | CORP. NOTE                       | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55335.67     | 0.03%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MORTGAGE HOLDINGS INC                                                | CORP. NOTE                       | CUSIP: 63861CAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    420000 | PA      | $436125.06    | 0.24%             | 2032-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                                         | CORP. NOTE                       | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |    715000 | PA      | $736274.11    | 0.41%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDINGS LLC                                                  | CORP. NOTE                       | CUSIP: 472481AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    765000 | PA      | $802628.06    | 0.45%             | 2029-02-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                                         | CORP. NOTE                       | CUSIP: 50012LAC8<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    420000 | PA      | $426960.47    | 0.24%             | 2029-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                                                   | CORP. NOTE                       | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |   1105000 | PA      | $1131930.61   | 0.63%             | 2032-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                                     | CORP. NOTE                       | CUSIP: 780153BU5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60950.25     | 0.03%             | 2032-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                                          | CORP. NOTE                       | CUSIP: 95081QAQ7<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71012.34     | 0.04%             | 2029-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                                          | CORP. NOTE                       | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   1605000 | PA      | $1634645.84   | 0.92%             | 2032-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                                              | CORP. NOTE                       | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    290000 | PA      | $290421.23    | 0.16%             | 2030-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                                             | CORP. NOTE                       | CUSIP: 857691AJ8<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    340000 | PA      | $338345.76    | 0.19%             | 2032-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                                                        | CORP. NOTE                       | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    380000 | PA      | $401599.20    | 0.23%             | 2029-04-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| MITER BRANDS ACQUISITION HOLDCO INC / MIWD BORROWER LLC                         | CORP. NOTE                       | CUSIP: 60672JAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    320000 | PA      | $320430.08    | 0.18%             | 2032-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES LP / RHP FINANCE CORP                                      | CORP. NOTE                       | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1070000 | PA      | $1067493.85   | 0.60%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                           | CORP. NOTE                       | CUSIP: 527298BZ5<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    155000 | PA      | $172376.04    | 0.10%             | 2030-12-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                        | CORP. NOTE                       | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    795000 | PA      | $824092.43    | 0.46%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ENDO FINANCE HOLDINGS INC                                                       | CORP. NOTE                       | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    195000 | PA      | $202992.08    | 0.11%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BWAY HOLDING CO                                                                 | CORP. NOTE                       | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1054084.65   | 0.59%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORP /SIX FLAGS THEME PARKS INC/ CANADA'S WONDERLAND CO | CORP. NOTE                       | CUSIP: 83002YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $277693.63    | 0.16%             | 2032-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ENCINO ACQUISITION PARTNERS HOLDINGS LLC                                        | CORP. NOTE                       | CUSIP: 29254BAB3<br>LEI: 549300BUKUEKT2UE4T49 | Long             | DBT              | CORP              | US        |    330000 | PA      | $336439.13    | 0.19%             | 2031-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                            | CORP. NOTE                       | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    640000 | PA      | $649705.44    | 0.36%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FORTRESS INTERMEDIATE 3 INC                                                     | CORP. NOTE                       | CUSIP: 34966MAA0<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | DBT              | CORP              | US        |    430000 | PA      | $440095.11    | 0.25%             | 2031-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                                                        | CORP. NOTE                       | CUSIP: 292554AR3<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    800000 | PA      | $830716.96    | 0.47%             | 2030-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                                                   | CORP. NOTE                       | CUSIP: 69354NAF3<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1268290.36   | 0.71%             | 2030-01-31      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                                  | CORP. NOTE                       | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   1240000 | PA      | $1256096.51   | 0.70%             | 2032-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GATES CORP/DE                                                                   | CORP. NOTE                       | CUSIP: 367398AA2<br>LEI: 984500F43C791F4C7894 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45714.56     | 0.03%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                               | CORP. NOTE                       | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    600000 | PA      | $593440.14    | 0.33%             | 2029-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / ACRISURE FINANCE INC                                             | CORP. NOTE                       | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    630000 | PA      | $642320.28    | 0.36%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / ACRISURE FINANCE INC                                             | CORP. NOTE                       | CUSIP: 00489LAM5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    655000 | PA      | $677321.09    | 0.38%             | 2029-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| WRANGLER HOLDCO CORP                                                            | CORP. NOTE                       | CUSIP: 37441QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $143856.72    | 0.08%             | 2032-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| 1011778 BC ULC / NEW RED FINANCE INC                                            | CORP. NOTE                       | CUSIP: 68245XAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    130000 | PA      | $132210.65    | 0.07%             | 2029-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CONCENTRA HEALTH SERVICES INC                                                   | CORP. NOTE                       | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |    610000 | PA      | $625278.40    | 0.35%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WATCO COS LLC / WATCO FINANCE CORP                                              | CORP. NOTE                       | CUSIP: 941130AD8<br>LEI: 549300UK74AMHGBXZG45 | Long             | DBT              | CORP              | US        |    940000 | PA      | $938870.21    | 0.53%             | 2032-08-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ZEGONA FINANCE PLC                                                              | CORP. NOTE                       | CUSIP: 98927UAA5<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |    595000 | PA      | $634469.33    | 0.36%             | 2029-07-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                                           | CORP. NOTE                       | CUSIP: 62957HAQ8<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    495000 | PA      | $336373.74    | 0.19%             | 2031-08-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE                                                                  | CORP. NOTE                       | CUSIP: 21039CAD6<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |    405000 | PA      | $398998.06    | 0.22%             | 2032-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                                     | CORP. NOTE                       | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | US        |    605000 | PA      | $607082.95    | 0.34%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RR DONNELLEY  AND  SONS CO                                                      | CORP. NOTE                       | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |   1540000 | PA      | $1468030.33   | 0.82%             | 2029-08-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC                                                 | CORP. NOTE                       | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   1260000 | PA      | $1276813.01   | 0.72%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION INC                                                       | CORP. NOTE                       | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    520000 | PA      | $531873.92    | 0.30%             | 2031-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                                      | CORP. NOTE                       | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    995000 | PA      | $1005349.00   | 0.56%             | 2032-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC                                                                      | CORP. NOTE                       | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |    165000 | PA      | $168289.39    | 0.09%             | 2032-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                            | CORP. NOTE                       | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    350000 | PA      | $351799.00    | 0.20%             | 2031-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                   | CORP. NOTE                       | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    450000 | PA      | $449458.61    | 0.25%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MANITOWOC CO INC/THE                                                            | CORP. NOTE                       | CUSIP: 563571AN8<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | DBT              | CORP              | US        |    240000 | PA      | $243600.00    | 0.14%             | 2031-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                                                     | CORP. NOTE                       | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |    805000 | PA      | $797066.64    | 0.45%             | 2031-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL / CONNECT US FINCO LLC                                       | CORP. NOTE                       | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    950000 | PA      | $889882.58    | 0.50%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC / ALLIANT HOLDINGS CO-ISSUER                  | CORP. NOTE                       | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $131535.56    | 0.07%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                                     | CORP. NOTE                       | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | US        |    745000 | PA      | $739825.22    | 0.41%             | 2031-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                                            | CORP. NOTE                       | CUSIP: 576485AH9<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |     80000 | PA      | $75711.86     | 0.04%             | 2033-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                                                     | CORP. NOTE                       | CUSIP: 94419NAA5<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |    685000 | PA      | $627388.90    | 0.35%             | 2029-10-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                                    | CORP. NOTE                       | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    295000 | PA      | $289692.30    | 0.16%             | 2033-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                                                                      | CORP. NOTE                       | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |    730000 | PA      | $699429.94    | 0.39%             | 2032-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                                       | CORP. NOTE                       | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    510000 | PA      | $481118.06    | 0.27%             | 2032-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                                                            | CORP. NOTE                       | CUSIP: 44963BAF5<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |    365000 | PA      | $356730.56    | 0.20%             | 2030-11-15      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                                                            | CORP. NOTE                       | CUSIP: 44963BAG3<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |    250000 | PA      | $239677.30    | 0.13%             | 2032-11-15      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| SPECIALTY BUILDING PRODUCTS HOLDINGS LLC / SBP FINANCE CORP                     | CORP. NOTE                       | CUSIP: 84749AAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $188204.26    | 0.11%             | 2029-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| JANE STREET GROUP / JSG FINANCE INC                                             | CORP. NOTE                       | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1285000 | PA      | $1264144.06   | 0.71%             | 2032-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PHH ESCROW ISSUER LLC/PHH CORP                                                  | CORP. NOTE                       | CUSIP: 716964AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1095000 | PA      | $1060343.41   | 0.59%             | 2029-11-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA BUYER LTD / ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC                 | CORP. NOTE                       | CUSIP: 13005HAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    450000 | PA      | $442403.82    | 0.25%             | 2032-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| XHR LP                                                                          | CORP. NOTE                       | CUSIP: 98372MAE5<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              | CORP              | US        |    145000 | PA      | $143010.55    | 0.08%             | 2030-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SASU                                                              | CORP. NOTE                       | CUSIP: 449691AG9<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    345000 | PA      | $350134.22    | 0.20%             | 2032-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                               | CORP. NOTE                       | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    870000 | PA      | $869191.51    | 0.49%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NCL CORP LTD                                                                    | CORP. NOTE                       | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | US        |    310000 | PA      | $302908.60    | 0.17%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                                                    | CORP. NOTE                       | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    360000 | PA      | $365570.27    | 0.20%             | 2030-01-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC                                                               | CORP. NOTE                       | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |    440000 | PA      | $450023.64    | 0.25%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                   | CORP. NOTE                       | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |    235000 | PA      | $233159.76    | 0.13%             | 2033-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROUP INC                                                   | CORP. NOTE                       | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   1070000 | PA      | $1059893.85   | 0.59%             | 2033-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS LTD                                                      | CORP. NOTE                       | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | IE        |    150000 | PA      | $142260.47    | 0.08%             | 2033-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MPT OPERATING PARTNERSHIP LP / MPT FINANCE CORP                                 | CORP. NOTE                       | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    925000 | PA      | $940542.78    | 0.53%             | 2032-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                                           | CORP. NOTE                       | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    315000 | PA      | $317041.49    | 0.18%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                                           | CORP. NOTE                       | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    355000 | PA      | $356638.62    | 0.20%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| EFESTO BIDCO S.P.A EFESTO US LLC                                                | CORP. NOTE                       | CUSIP: 28201XAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | IT        |    645000 | PA      | $640778.48    | 0.36%             | 2032-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC / DIRECTV FINANCING CO-OBLIGOR INC                        | CORP. NOTE                       | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    370000 | PA      | $350663.94    | 0.20%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLDINGS LLC                                                   | CORP. NOTE                       | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    710000 | PA      | $695100.65    | 0.39%             | 2032-04-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                                        | CORP. NOTE                       | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |   1105000 | PA      | $1104536.34   | 0.62%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                   | CORP. NOTE                       | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |    300000 | PA      | $298101.99    | 0.17%             | 2030-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                                                             | CORP. NOTE                       | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    330000 | PA      | $336568.26    | 0.19%             | 2030-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                                                             | CORP. NOTE                       | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    255000 | PA      | $260540.39    | 0.15%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                                                     | CORP. NOTE                       | CUSIP: 94419NAB3<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |    455000 | PA      | $416247.01    | 0.23%             | 2030-09-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| INSULET CORP                                                                    | CORP. NOTE                       | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |    155000 | PA      | $158261.05    | 0.09%             | 2033-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                                                  | CORP. NOTE                       | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |   1130000 | PA      | $1131188.96   | 0.63%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                                              | CORP. NOTE                       | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    115000 | PA      | $118073.10    | 0.07%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| JANE STREET GROUP / JSG FINANCE INC                                             | CORP. NOTE                       | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $35191.13     | 0.02%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDINGS LLC                                                  | CORP. NOTE                       | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    360000 | PA      | $362738.16    | 0.20%             | 2030-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CHOBANI HOLDCO II LLC                                                           | CORP. PIK BOND                   | CUSIP: 169918AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    156293 | PA      | $166010.22    | 0.09%             | 2029-10-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                                        | CORPORATE BONDS                  | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    415000 | PA      | $412420.54    | 0.23%             | 2034-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BATH  AND  BODY WORKS INC                                                       | CORPORATE BONDS                  | CUSIP: 501797AL8<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    950000 | PA      | $951869.60    | 0.53%             | 2035-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                                                    | CORPORATE BONDS                  | CUSIP: 78454LAN0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    335000 | PA      | $332256.38    | 0.19%             | 2026-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HILTON WORLDWIDE FINANCE LLC / HILTON WORLDWIDE FINANCE CORP                    | CORPORATE BONDS                  | CUSIP: 432891AK5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    410000 | PA      | $408804.93    | 0.23%             | 2027-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                                                            | CORPORATE BONDS                  | CUSIP: 038522AQ1<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |    625000 | PA      | $615615.31    | 0.35%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                                | CORPORATE BONDS                  | CUSIP: 126307AS6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $174951.38    | 0.10%             | 2028-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                                                          | CORPORATE BONDS                  | CUSIP: 85205TAK6<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    445000 | PA      | $430666.52    | 0.24%             | 2028-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP                                    | CORPORATE BONDS                  | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    565000 | PA      | $553363.03    | 0.31%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                             | CORPORATE BONDS                  | CUSIP: 82967NBC1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    565000 | PA      | $550816.47    | 0.31%             | 2029-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING CO INC                                                | CORPORATE BONDS                  | CUSIP: 432833AF8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    240000 | PA      | $235395.07    | 0.13%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC / WYNN RESORTS CAPITAL CORP                            | CORPORATE BONDS                  | CUSIP: 983133AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $299224.46    | 0.17%             | 2029-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP                                    | CORPORATE BONDS                  | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1770000 | PA      | $1672783.03   | 0.94%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                            | CORPORATE BONDS                  | CUSIP: 85172FAR0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    395000 | PA      | $378088.08    | 0.21%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAPITAL LLC / OUTFRONT MEDIA CAPITAL CORP                        | CORPORATE BONDS                  | CUSIP: 69007TAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $346958.59    | 0.19%             | 2030-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                                                    | CORPORATE BONDS                  | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    930000 | PA      | $865742.77    | 0.49%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PG AND E CORP                                                                   | CORPORATE BONDS                  | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    955000 | PA      | $920879.17    | 0.52%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                               | CORPORATE BONDS                  | CUSIP: 46284VAL5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    665000 | PA      | $645606.94    | 0.36%             | 2032-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FINANCE PLC                                                | CORPORATE BONDS                  | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |    615000 | PA      | $553473.55    | 0.31%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP                                    | CORPORATE BONDS                  | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $72355.46     | 0.04%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMMUNITIES INC                                                 | CORPORATE BONDS                  | CUSIP: 87724RAJ1<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |   1040000 | PA      | $1008616.44   | 0.57%             | 2030-08-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                                                    | CORPORATE BONDS                  | CUSIP: 131347CQ7<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    335000 | PA      | $322501.35    | 0.18%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GARTNER INC                                                                     | CORPORATE BONDS                  | CUSIP: 366651AE7<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |    355000 | PA      | $327123.55    | 0.18%             | 2030-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| 1011778 BC ULC / NEW RED FINANCE INC                                            | CORPORATE BONDS                  | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    820000 | PA      | $747272.09    | 0.42%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                                    | CORPORATE BONDS                  | CUSIP: 15135BAW1<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    165000 | PA      | $145060.54    | 0.08%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION                                                            | CORPORATE BONDS                  | CUSIP: 019736AG2<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    700000 | PA      | $629511.75    | 0.35%             | 2031-01-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LEVI STRAUSS  AND  CO                                                           | CORPORATE BONDS                  | CUSIP: 52736RBJ0<br>LEI: MB0UERO0RDFKU8258G77 | Long             | DBT              | CORP              | US        |    590000 | PA      | $517742.29    | 0.29%             | 2031-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                                                                | CORPORATE BONDS                  | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |   1390000 | PA      | $1297273.10   | 0.73%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP / BIP-V CHINOOK HOLDCO LLC                                        | CORPORATE BONDS                  | CUSIP: 12657NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    565000 | PA      | $542782.55    | 0.30%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                                                    | CORPORATE BONDS                  | CUSIP: 670001AH9<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   1225000 | PA      | $1058462.97   | 0.59%             | 2031-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                             | CORPORATE BONDS                  | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    455000 | PA      | $390808.37    | 0.22%             | 2031-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CROCS INC                                                                       | CORPORATE BONDS                  | CUSIP: 227046AB5<br>LEI: 549300B0J6YCXD63OG72 | Long             | DBT              | CORP              | US        |    305000 | PA      | $266995.90    | 0.15%             | 2031-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| TOPBUILD CORP                                                                   | CORPORATE BONDS                  | CUSIP: 89055FAC7<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |    685000 | PA      | $617055.95    | 0.35%             | 2032-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                                  | CORPORATE BONDS                  | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    110000 | PA      | $65729.45     | 0.04%             | 2031-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MORTGAGE HOLDINGS INC                                                | CORPORATE BONDS                  | CUSIP: 63861CAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1140000 | PA      | $1145443.50   | 0.64%             | 2031-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL METALS CO                                                            | CORPORATE BONDS                  | CUSIP: 201723AR4<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |    350000 | PA      | $318430.70    | 0.18%             | 2032-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP                                    | CORPORATE BONDS                  | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    890000 | PA      | $806210.99    | 0.45%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NEWS CORP                                                                       | CORPORATE BONDS                  | CUSIP: 65249BAB5<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |     65000 | PA      | $62067.37     | 0.03%             | 2032-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| FMG RESOURCES AUGUST 2006 PTY LTD                                               | CORPORATE BONDS                  | CUSIP: 30251GBE6<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    995000 | PA      | $981511.08    | 0.55%             | 2032-04-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                        | CORPORATE BONDS                  | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    715000 | PA      | $703423.17    | 0.39%             | 2032-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AMERICA INC                                                | CORPORATE BONDS                  | CUSIP: 911365BR4<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   1365000 | PA      | $1381429.14   | 0.77%             | 2034-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                              | CORPORATE BONDS                  | CUSIP: 36186CBY8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    390000 | PA      | $432108.36    | 0.24%             | 2031-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                                              | CORPORATE BONDS                  | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    115000 | PA      | $118187.01    | 0.07%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE INC                                                   | Credit Default Swap Basket Index | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | N/A              | DCR              | CORP              | US        |   3675000 | NC      | $132987.22    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                  | PERPETUAL BONDS                  | CUSIP: 629377CU4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    380000 | PA      | $416666.83    | 0.23%             | N/A             | Variable      | 10.25%                | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                                        | PERPETUAL BONDS                  | CUSIP: 28504KAA5<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $224195.00    | 0.13%             | N/A             | Variable      | 9.12%                 | No            |                  2 | On Loan: No      |
| PUTNAM INVESTMENT FUNDS-PUTNAM GOVERNMENT MONEY MARKET FUND                     | SHORT TERM INV FUND              | CUSIP: 74680A869<br>LEI: 549300SEUI2XMME8T893 | Long             | STIV             | PF                | US        |   9487953 | NS      | $9487953.00   | 5.32%             |  |  |  | No            |                  1 | On Loan: No      |
| PG AND E CORP                                                                   | VAR.RT. CORP. BONDS              | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    235000 | PA      | $228723.19    | 0.13%             | 2055-03-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                 | VAR.RT. CORP. BONDS              | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    700000 | PA      | $709833.89    | 0.40%             | 2055-03-10      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-18

**Name of Applicant:** Putnam ETF Trust

**Signature:** Kevin R Blatchford

**Name of Signer:** Kevin R Blatchford

**Title:** Assistant Treasurer