# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0001752724-25-176770
**Filing Date:** 2025-7
**Character Count:** 258692
**Document Hash:** fa58c38fa19c0235d05833967d9a29e4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-176770.hdr.sgml**: 20250724

**ACCESSION NUMBER**: 0001752724-25-176770

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250724

**DATE AS OF CHANGE**: 20250724

**PERIOD START**: 20250831

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07319
- **FILM NUMBER:** 251146351

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

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

## Series and Classes Contracts Data

### Fidelity Sustainable High Yield ETF (Series ID: S000075296)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000234213 | Fidelity Sustainable High Yield ETF | FSYD            |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Sustainable High Yield ETF**

**May 31, 2025**

SHY-NPRT3-0725

1.9904452.103 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Bank Loan Obligations - 5.4%** | &nbsp;&nbsp;**Bank Loan Obligations - 5.4%** | &nbsp;&nbsp;**Bank Loan Obligations - 5.4%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| FINLAND - 0.1%  |  |  |
| Materials - 0.1% |  |  |
| Paper & Forest Products - 0.1% |  |  |
| Ahlstrom Holding 3 Oy Tranche B 1LN, term loan CME Term SOFR 1 month Index + 4.25%, 0% 5/22/2030 (b)(c)(d)(e) | 60000 | 59250 |
| FRANCE - 0.1%  |  |  |
| Communication Services - 0.1% |  |  |
| Diversified Telecommunication Services - 0.1% |  |  |
| Altice France SA Tranche B14 1LN, term loan CME Term SOFR 3 month Index + 5.5%, 9.7561% 8/15/2028 (c)(d)(e) | 59847 | 54976 |
| Media - 0.0% |  |  |
| Numericable US LLC Tranche B-13 1LN, term loan CME Term SOFR 6 month Index + 4%, 10.5% 8/14/2026 (c)(d)(e) | 9974 | 8880 |
| TOTAL FRANCE |  | 63856 |
| NETHERLANDS - 0.1%  |  |  |
| Utilities - 0.1% |  |  |
| Independent Power and Renewable Electricity Producers - 0.1% |  |  |
| Enstall Group BV Tranche B 1LN, term loan CME Term SOFR 3 month Index + 5%, 9.5608% 8/30/2028 (c)(d)(e) | 47541 | 34942 |
| UNITED STATES - 5.1%  |  |  |
| Communication Services - 0.4% |  |  |
| Diversified Telecommunication Services - 0.3% |  |  |
| Connect Holding II LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 5%, 10.0451% 10/3/2031 (c)(d)(e) | 10078 | 7634 |
| Connect Holding II LLC Tranche B-DD 1LN, term loan CME Term SOFR 1 month Index + 4.25%, 0% 4/3/2031 (b)(c)(d)(e) | 58832 | 54108 |
| Connect Holding II LLC Tranche B-DD 1LN, term loan CME Term SOFR 1 month Index + 4.25%, 0% 4/3/2031 (b)(c)(d)(e) | 46168 | 42460 |
| Lumen Technologies Inc Tranche B1 1LN, term loan CME Term SOFR 1 month Index + 2.35%, 6.7913% 4/16/2029 (c)(d)(e) | 10000 | 9893 |
| Lumen Technologies Inc Tranche B2 1LN, term loan CME Term SOFR 1 month Index + 2.35%, 6.7913% 4/15/2030 (c)(d)(e) | 54962 | 54359 |
|  |  | 168454 |
| Media - 0.1% |  |  |
| CSC Holdings LLC Tranche B6 1LN, term loan CME Term SOFR 1 month Index + 4.5%, 8.8287% 1/18/2028 (c)(d)(e) | 24949 | 24606 |
| TOTAL COMMUNICATION SERVICES |  | 193060 |
| Consumer Discretionary - 1.9% |  |  |
| Broadline Retail - 0.1% |  |  |
| CMG Media Corp Tranche B2 1LN, term loan CME Term SOFR 3 month Index + 3.5%, 7.8992% 6/18/2029 (c)(d)(e) | 69633 | 65977 |
| Diversified Consumer Services - 0.4% |  |  |
| Spin Holdco Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 4%, 8.5618% 3/4/2028 (c)(d)(e) | 233568 | 198874 |
| Hotels, Restaurants & Leisure - 0.8% |  |  |
| Eagle Parent Corp Tranche B 1LN, term loan CME Term SOFR 3 month Index + 4.25%, 8.5492% 4/2/2029 (c)(d)(e) | 54872 | 53294 |
| Horizon US Finco LP Tranche B 1LN, term loan CME Term SOFR 1 month Index + 4.75%, 9.0297% 10/31/2031 (c)(d)(e) | 40000 | 37050 |
| MajorDrive Holdings IV LLC 1LN, term loan CME Term SOFR 3 month Index + 4%, 8.5608% 6/1/2028 (c)(d)(e) | 64870 | 63046 |
| United PF Holdings LLC 1LN, term loan CME Term SOFR 3 month Index + 4%, 8.5413% 12/30/2026 (c)(d)(e) | 200699 | 192772 |
| United PF Holdings LLC Tranche B 1LN, term loan CME Term SOFR 3 month Index + 8.5%, 13.0413% 12/30/2026 (c)(d)(e) | 9948 | 9625 |
|  |  | 355787 |
| Household Durables - 0.3% |  |  |
| TGP Holdings III LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3.25%, 7.6768% 6/29/2028 (c)(d)(e) | 142963 | 125726 |
| Specialty Retail - 0.3% |  |  |
| LBM Acquisition LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3.75%, 8.1752% 6/6/2031 (c)(d)(e) | 44874 | 40179 |
| Staples Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 5.75%, 10.0259% 9/4/2029 (c)(d)(e) | 94536 | 84391 |
|  |  | 124570 |
| TOTAL CONSUMER DISCRETIONARY |  | 870934 |
| Consumer Staples - 0.0% |  |  |
| Food Products - 0.0% |  |  |
| Del Monte Foods Corp II Inc 1LN, term loan CME Term SOFR 3 month Index + 8.15%, 15.4685% 8/2/2028 (c)(d)(e) | 5044 | 4666 |
| Del Monte Foods Corp II Inc Tranche FLFO B 1LN, term loan CME Term SOFR 3 month Index + 8%, 12.409% 8/2/2028 (c)(d)(e) | 1466 | 1356 |
|  |  | 6022 |
| Energy - 0.2% |  |  |
| Oil, Gas & Consumable Fuels - 0.2% |  |  |
| New Fortress Energy Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 5.5%, 9.7948% 10/30/2028 (c)(d)(e) | 220000 | 119044 |
| Financials - 0.3% |  |  |
| Financial Services - 0.2% |  |  |
| CFC USA 2025 LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3.75%, 0% 5/30/2032 (b)(c)(d)(e) | 25000 | 24750 |
| WH Borrower LLC Tranche B 1LN, term loan CME Term SOFR 3 month Index + 4.75%, 9.072% 2/20/2032 (c)(d)(e) | 55000 | 54467 |
|  |  | 79217 |
| Insurance - 0.1% |  |  |
| Asurion LLC Tranche B3 2LN, term loan CME Term SOFR 1 month Index + 5.25%, 9.6913% 1/31/2028 (c)(d)(e) | 55000 | 53006 |
| TOTAL FINANCIALS |  | 132223 |
| Health Care - 0.2% |  |  |
| Health Care Providers & Services - 0.2% |  |  |
| Cano Health LLC 1LN, term loan CME Term SOFR 3 month Index + 1%, 13.7992% 6/28/2029 (c)(d)(e) | 6134 | 5428 |
| HAH Group Holding Co LLC 1LN, term loan CME Term SOFR 1 month Index + 5%, 9.3268% 9/24/2031 (c)(d)(e) | 30000 | 29358 |
| ModivCare Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 4.75%, 9.0492% 7/1/2031 (c)(d)(e) | 19850 | 13321 |
| Owens & Minor Inc Tranche B 1LN, term loan CME Term SOFR 1 month Index + 5.25%, 0% 4/2/2030 (b)(c)(d)(e) | 25000 | 24813 |
| Radiology Partners Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 5%, 8.0914% 1/31/2029 (c)(d)(e) | 25053 | 24817 |
|  |  | 97737 |
| Industrials - 0.3% |  |  |
| Building Products - 0.0% |  |  |
| Oscar Acquisitionco LLC Tranche B 1LN, term loan CME Term SOFR 3 month Index + 4.25%, 8.5492% 4/29/2029 (c)(d)(e) | 20000 | 17994 |
| Commercial Services & Supplies - 0.1% |  |  |
| Brand Industrial Services Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 4.5%, 8.7759% 8/1/2030 (c)(d)(e) | 19887 | 16531 |
| Neptune Bidco US Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 5%, 9.3297% 4/11/2029 (c)(d)(e) | 44772 | 41792 |
|  |  | 58323 |
| Professional Services - 0.1% |  |  |
| Cast & Crew LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3.75%, 8.0768% 12/29/2028 (c)(d)(e) | 50689 | 46824 |
| Trading Companies & Distributors - 0.1% |  |  |
| Foundation Building Materials Inc 1LN, term loan CME Term SOFR 3 month Index + 3.25%, 7.791% 1/31/2028 (c)(d)(e) | 25000 | 24186 |
| TOTAL INDUSTRIALS |  | 147327 |
| Information Technology - 1.0% |  |  |
| Communications Equipment - 0.1% |  |  |
| CommScope LLC 1LN, term loan CME Term SOFR 1 month Index + 5.25%, 9.5768% 12/17/2029 (c)(d)(e) | 65000 | 65560 |
| IT Services - 0.2% |  |  |
| Constant Contact Inc 2LN, term loan CME Term SOFR 3 month Index + 7.5%, 12.0177% 2/12/2029 (c)(d)(e) | 6000 | 4837 |
| Constant Contact Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 4%, 8.5177% 2/10/2028 (c)(d)(e) | 94642 | 88668 |
|  |  | 93505 |
| Software - 0.7% |  |  |
| Ascend Learning LLC 2LN, term loan CME Term SOFR 1 month Index + 5.75%, 10.1768% 12/10/2029 (c)(d)(e) | 2351 | 2331 |
| Dcert Buyer Inc 1LN, term loan CME Term SOFR 1 month Index + 4%, 8.3268% 10/16/2026 (c)(d)(e) | 214541 | 211491 |
| Dcert Buyer Inc Tranche B 2LN, term loan CME Term SOFR 1 month Index + 7%, 11.3268% 2/19/2029 (c)(d)(e) | 30000 | 25875 |
| Leia Finco US LLC 2LN, term loan CME Term SOFR 3 month Index + 5.25%, 9.4576% 10/9/2032 (c)(d)(e) | 10000 | 9745 |
| Polaris Newco LLC Tranche B 1LN, term loan CME Term SOFR 3 month Index + 3.75%, 8.2913% 6/2/2028 (c)(d)(e) | 49871 | 48261 |
| Polaris Newco LLC Tranche PIK TERM 2LN, term loan CME Term SOFR 1 month Index + 2%, 13.4327% 6/4/2029 (c)(d)(e) | 50000 | 48047 |
|  |  | 345750 |
| TOTAL INFORMATION TECHNOLOGY |  | 504815 |
| Materials - 0.5% |  |  |
| Chemicals - 0.4% |  |  |
| American Rock Salt Co LLC 1LN, term loan CME Term SOFR 1 month Index + 4%, 8.5943% 6/9/2028 (c)(d)(e) | 4936 | 4043 |
| American Rock Salt Co LLC Tranche 1ST OUT DD TL 1LN, term loan CME Term SOFR 3 month Index + 6.5%, 2% 6/9/2028 (c)(d)(e)(f) | 1166 | 1166 |
| American Rock Salt Co LLC Tranche 1ST OUT TL B 1LN, term loan CME Term SOFR 3 month Index + 6.5%, 11.5943% 6/9/2028 (c)(d)(e) | 1838 | 1838 |
| Herens US Holdco Corp Tranche B 1LN, term loan CME Term SOFR 3 month Index + 3.925%, 8.3242% 7/3/2028 (c)(d)(e) | 99700 | 94580 |
| Hexion Inc 2LN, term loan CME Term SOFR 1 month Index + 7.4375%, 11.8643% 3/15/2030 (c)(d)(e) | 3529 | 3389 |
| M2S Group Intermediate Holdings Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 4.75%, 9.0326% 8/25/2031 (c)(d)(e) | 96081 | 91878 |
|  |  | 196894 |
| Metals & Mining - 0.1% |  |  |
| Vibrantz Technologies Inc 1LN, term loan CME Term SOFR 3 month Index + 4.25%, 0% 4/23/2029 (b)(c)(d)(e) | 65000 | 57078 |
| TOTAL MATERIALS |  | 253972 |
| Utilities - 0.3% |  |  |
| Independent Power and Renewable Electricity Producers - 0.3% |  |  |
| Natgasoline LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 5.5%, 9.7992% 3/29/2030 (c)(d)(e) | 125915 | 124341 |
| TOTAL UNITED STATES |  | 2449475 |
| <br> **TOTAL BANK LOAN OBLIGATIONS**<br> (Cost $2,725,148) |  | <br> **2607523** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 0.5%** | &nbsp;&nbsp;**Common Stocks - 0.5%** | &nbsp;&nbsp;**Common Stocks - 0.5%** |
|  | Shares | Value ($)<br>|
| TANZANIA - 0.2%  |  |  |
| Communication Services - 0.2% |  |  |
| Diversified Telecommunication Services - 0.2% |  |  |
| Helios Towers PLC (g) | 61670 | 99543 |
| UNITED STATES - 0.3%  |  |  |
| Consumer Discretionary - 0.0% |  |  |
| Leisure Products - 0.0% |  |  |
| Topgolf Callaway Brands Corp (g) | 1000 | 6340 |
| Energy - 0.0% |  |  |
| Oil, Gas & Consumable Fuels - 0.0% |  |  |
| New Fortress Energy Inc  | 2292 | 5707 |
| Health Care - 0.1% |  |  |
| Health Care Providers & Services - 0.1% |  |  |
| Cano Health LLC (g)(h) | 981 | 12390 |
| Cano Health LLC warrants (g)(h) | 107 | 479 |
| Surgery Partners Inc (g) | 2100 | 49581 |
|  |  | 62450 |
| Industrials - 0.0% |  |  |
| Passenger Airlines - 0.0% |  |  |
| Spirit Aviation Holdings Inc  | 267 | 1599 |
| Spirit Aviation Holdings Inc  | 247 | 1480 |
|  |  | 3079 |
| Information Technology - 0.2% |  |  |
| Electronic Equipment, Instruments & Components - 0.1% |  |  |
| Coherent Corp (g) | 500 | 37815 |
| Semiconductors & Semiconductor Equipment - 0.1% |  |  |
| ON Semiconductor Corp (g) | 840 | 35297 |
| TOTAL INFORMATION TECHNOLOGY |  | 73112 |
| TOTAL UNITED STATES |  | 150688 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $294,886) |  | <br> **250231** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Convertible Corporate Bonds - 1.4%** | &nbsp;&nbsp;**Convertible Corporate Bonds - 1.4%** | &nbsp;&nbsp;**Convertible Corporate Bonds - 1.4%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| UNITED STATES - 1.4%  |  |  |
| Communication Services - 0.3% |  |  |
| Media - 0.3% |  |  |
| EchoStar Corp 3.875% 11/30/2030 pay-in-kind  | 143056 | 137301 |
| Information Technology - 0.5% |  |  |
| Semiconductors & Semiconductor Equipment - 0.3% |  |  |
| MKS Inc 1.25% 6/1/2030  | 53000 | 48447 |
| ON Semiconductor Corp 0% 5/1/2027 (i) | 54000 | 58256 |
| Wolfspeed Inc 1.875% 12/1/2029  | 219000 | 39420 |
|  |  | 146123 |
| Software - 0.2% |  |  |
| Core Scientific Inc 0% 6/15/2031 (i)(j) | 95000 | 88350 |
| Core Scientific Inc 3% 9/1/2029 (j) | 7000 | 8925 |
|  |  | 97275 |
| TOTAL INFORMATION TECHNOLOGY |  | 243398 |
| Real Estate - 0.5% |  |  |
| Real Estate Management & Development - 0.5% |  |  |
| Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp 0.25% 6/15/2026  | 111000 | 104839 |
| Redfin Corp 0.5% 4/1/2027  | 151000 | 134209 |
|  |  | 239048 |
| Utilities - 0.1% |  |  |
| Electric Utilities - 0.1% |  |  |
| PG&E Corp 4.25% 12/1/2027  | 42000 | 43575 |
| TOTAL UNITED STATES |  | 663322 |
| <br> **TOTAL CONVERTIBLE CORPORATE BONDS**<br> (Cost $731,070) |  | <br> **663322** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Convertible Preferred Stocks - 0.2%** | &nbsp;&nbsp;**Convertible Preferred Stocks - 0.2%** | &nbsp;&nbsp;**Convertible Preferred Stocks - 0.2%** |
|  | Shares | Value ($)<br>|
| UNITED STATES - 0.2%  |  |  |
| Financials - 0.2% |  |  |
| Financial Services - 0.2% |  |  |
| Acrisure Holdings Inc Series A-2 (h)<br>(Cost $74,286)<br>| 3085 | **74287** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 91.0%** | &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 91.0%** | &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 91.0%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| AUSTRALIA - 0.7%  |  |  |
| Materials - 0.7% |  |  |
| Metals & Mining - 0.7% |  |  |
| Mineral Resources Ltd 8% 11/1/2027 (j) | 75000 | 74928 |
| Mineral Resources Ltd 8.125% 5/1/2027 (j) | 246000 | 246189 |
| TOTAL AUSTRALIA |  | 321117 |
| CANADA - 3.3%  |  |  |
| Consumer Discretionary - 0.3% |  |  |
| Automobiles - 0.0% |  |  |
| New Flyer Holdings Inc 0% 7/1/2030 (j)(k) | 25000 | 25000 |
| Hotels, Restaurants & Leisure - 0.3% |  |  |
| 1011778 BC ULC / New Red Finance Inc 5.625% 9/15/2029 (j) | 89000 | 89514 |
| 1011778 BC ULC / New Red Finance Inc 6.125% 6/15/2029 (j) | 46000 | 46912 |
|  |  | 136426 |
| TOTAL CONSUMER DISCRETIONARY |  | 161426 |
| Industrials - 0.6% |  |  |
| Aerospace & Defense - 0.6% |  |  |
| Bombardier Inc 6% 2/15/2028 (j) | 178000 | 177884 |
| Bombardier Inc 6.75% 6/15/2033 (j) | 40000 | 40560 |
| Bombardier Inc 7% 6/1/2032 (j) | 13000 | 13295 |
| Bombardier Inc 7.25% 7/1/2031 (j) | 38000 | 39188 |
|  |  | 270927 |
| Information Technology - 0.6% |  |  |
| Software - 0.6% |  |  |
| Open Text Corp 3.875% 12/1/2029 (j) | 208000 | 193586 |
| Open Text Corp 3.875% 2/15/2028 (j) | 25000 | 23948 |
| Open Text Holdings Inc 4.125% 12/1/2031 (j) | 28000 | 25369 |
| Open Text Holdings Inc 4.125% 2/15/2030 (j) | 59000 | 55080 |
|  |  | 297983 |
| Materials - 1.8% |  |  |
| Chemicals - 0.9% |  |  |
| NOVA Chemicals Corp 4.25% 5/15/2029 (j) | 304000 | 290634 |
| NOVA Chemicals Corp 7% 12/1/2031 (j) | 43000 | 44971 |
| NOVA Chemicals Corp 9% 2/15/2030 (j) | 57000 | 61368 |
|  |  | 396973 |
| Containers & Packaging - 0.3% |  |  |
| Toucan FinCo Ltd/Toucan FinCo Can Inc/Toucan FinCo US LLC 9.5% 5/15/2030 (j) | 150000 | 149150 |
| Metals & Mining - 0.6% |  |  |
| Capstone Copper Corp 6.75% 3/31/2033 (j) | 50000 | 49991 |
| Hudbay Minerals Inc 4.5% 4/1/2026 (j) | 90000 | 89200 |
| Hudbay Minerals Inc 6.125% 4/1/2029 (j) | 146000 | 146367 |
|  |  | 285558 |
| TOTAL MATERIALS |  | 831681 |
| TOTAL CANADA |  | 1562017 |
| CHILE - 0.3%  |  |  |
| Communication Services - 0.2% |  |  |
| Media - 0.2% |  |  |
| VTR Finance NV 6.375% 7/15/2028 (j) | 95000 | 90577 |
| Industrials - 0.1% |  |  |
| Construction & Engineering - 0.1% |  |  |
| ATP Tower Holdings / Andean Telecom Partners Chile SpA / Andean Tower Partners C 7.875% 2/3/2030 (j) | 45000 | 45032 |
| TOTAL CHILE |  | 135609 |
| COLOMBIA - 0.4%  |  |  |
| Energy - 0.3% |  |  |
| Oil, Gas & Consumable Fuels - 0.3% |  |  |
| Canacol Energy Ltd 5.75% 11/24/2028 (j) | 141000 | 64578 |
| Gran Tierra Energy Inc 9.5% 10/15/2029 (j) | 68000 | 47600 |
|  |  | 112178 |
| Utilities - 0.1% |  |  |
| Independent Power and Renewable Electricity Producers - 0.1% |  |  |
| Enfragen Energia Sur SA 5.375% 12/30/2030 (j) | 80000 | 69180 |
| TOTAL COLOMBIA |  | 181358 |
| FINLAND - 0.4%  |  |  |
| Consumer Discretionary - 0.4% |  |  |
| Leisure Products - 0.4% |  |  |
| Amer Sports Co 6.75% 2/16/2031 (j) | 178000 | 185069 |
| FRANCE - 1.7%  |  |  |
| Communication Services - 0.9% |  |  |
| Diversified Telecommunication Services - 0.9% |  |  |
| Altice France SA 5.125% 7/15/2029 (j) | 333000 | 280990 |
| Altice France SA 5.5% 1/15/2028 (j) | 110000 | 94689 |
| Altice France SA 5.5% 10/15/2029 (j) | 45000 | 38232 |
|  |  | 413911 |
| Energy - 0.8% |  |  |
| Energy Equipment & Services - 0.8% |  |  |
| Vallourec SACA 7.5% 4/15/2032 (j) | 188000 | 196142 |
| Viridien 10% 10/15/2030 (j) | 218000 | 205720 |
|  |  | 401862 |
| TOTAL FRANCE |  | 815773 |
| GERMANY - 0.1%  |  |  |
| Consumer Discretionary - 0.1% |  |  |
| Automobile Components - 0.1% |  |  |
| ZF North America Capital Inc 6.75% 4/23/2030 (j) | 49000 | 46537 |
| GHANA - 0.4%  |  |  |
| Energy - 0.4% |  |  |
| Oil, Gas & Consumable Fuels - 0.4% |  |  |
| Kosmos Energy Ltd 7.125% 4/4/2026 (j) | 76000 | 73036 |
| Kosmos Energy Ltd 7.5% 3/1/2028 (j) | 8000 | 6532 |
| Kosmos Energy Ltd 7.75% 5/1/2027 (j) | 46000 | 39955 |
| Tullow Oil PLC 10.25% 5/15/2026 (j) | 110000 | 95161 |
| TOTAL GHANA |  | 214684 |
| GRAND CAYMAN (UK OVERSEAS TER) - 0.1%  |  |  |
| Financials - 0.1% |  |  |
| Financial Services - 0.1% |  |  |
| Global Aircraft Leasing Co Ltd 8.75% 9/1/2027 (j) | 70000 | 70786 |
| HONG KONG - 0.1%  |  |  |
| Industrials - 0.1% |  |  |
| Marine Transportation - 0.1% |  |  |
| Seaspan Corp 5.5% 8/1/2029 (j) | 30000 | 27668 |
| IRELAND - 1.6%  |  |  |
| Financials - 1.6% |  |  |
| Consumer Finance - 0.0% |  |  |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust 6.5% 1/31/2056 (d) | 13000 | 12814 |
| Financial Services - 1.6% |  |  |
| GGAM Finance Ltd 5.875% 3/15/2030 (j) | 41000 | 40756 |
| GGAM Finance Ltd 6.875% 4/15/2029 (j) | 28000 | 28523 |
| GGAM Finance Ltd 8% 2/15/2027 (j) | 484000 | 498029 |
| GGAM Finance Ltd 8% 6/15/2028 (j) | 195000 | 204851 |
|  |  | 772159 |
| TOTAL IRELAND |  | 784973 |
| ISRAEL - 0.6%  |  |  |
| Energy - 0.5% |  |  |
| Oil, Gas & Consumable Fuels - 0.5% |  |  |
| Energean Israel Finance Ltd 4.875% 3/30/2026 (j)(l) | 10000 | 9857 |
| Energean Israel Finance Ltd 5.375% 3/30/2028 (j)(l) | 40000 | 37960 |
| Energean Israel Finance Ltd 5.875% 3/30/2031 (j)(l) | 10000 | 9180 |
| Energean PLC 6.5% 4/30/2027 (j) | 203000 | 198433 |
|  |  | 255430 |
| Health Care - 0.1% |  |  |
| Pharmaceuticals - 0.1% |  |  |
| Teva Pharmaceutical Finance Netherlands IV BV 5.75% 12/1/2030  | 40000 | 40397 |
| TOTAL ISRAEL |  | 295827 |
| ITALY - 0.0%  |  |  |
| Financials - 0.0% |  |  |
| Banks - 0.0% |  |  |
| UniCredit SpA 5.459% 6/30/2035 (d)(j) | 13000 | 12715 |
| LUXEMBOURG - 0.4%  |  |  |
| Communication Services - 0.4% |  |  |
| Media - 0.4% |  |  |
| Altice Financing SA 5.75% 8/15/2029 (j) | 195000 | 149047 |
| Altice France Holding SA 6% 2/15/2028 (j) | 87000 | 31683 |
| TOTAL LUXEMBOURG |  | 180730 |
| MAURITIUS - 0.1%  |  |  |
| Communication Services - 0.1% |  |  |
| Wireless Telecommunication Services - 0.1% |  |  |
| Axian Telecom 7.375% 2/16/2027 (j) | 25000 | 25102 |
| NETHERLANDS - 0.1%  |  |  |
| Consumer Staples - 0.1% |  |  |
| Consumer Staples Distribution & Retail - 0.1% |  |  |
| Sigma Holdco BV 7.875% 5/15/2026 (j) | 57000 | 56657 |
| NIGERIA - 0.4%  |  |  |
| Communication Services - 0.4% |  |  |
| Diversified Telecommunication Services - 0.4% |  |  |
| IHS Holding Ltd 5.625% 11/29/2026 (j) | 28000 | 27370 |
| IHS Holding Ltd 6.25% 11/29/2028 (j) | 26000 | 25106 |
| IHS Holding Ltd 7.875% 5/29/2030 (j) | 110000 | 108488 |
| IHS Holding Ltd 8.25% 11/29/2031 (j) | 20000 | 19881 |
| TOTAL NIGERIA |  | 180845 |
| PANAMA - 0.4%  |  |  |
| Communication Services - 0.4% |  |  |
| Diversified Telecommunication Services - 0.0% |  |  |
| Sable International Finance Ltd 7.125% 10/15/2032 (j) | 45000 | 44114 |
| Wireless Telecommunication Services - 0.4% |  |  |
| C&W Senior Finance Ltd 9% 1/15/2033 (j) | 170000 | 169180 |
| TOTAL PANAMA |  | 213294 |
| PERU - 0.1%  |  |  |
| Materials - 0.1% |  |  |
| Metals & Mining - 0.1% |  |  |
| Volcan Cia Minera SAA 8.75% 1/24/2030 (j) | 70000 | 67956 |
| PUERTO RICO - 0.1%  |  |  |
| Communication Services - 0.1% |  |  |
| Media - 0.1% |  |  |
| Lcpr Senior Secured Financing Dac 6.75% 10/15/2027 (j) | 50000 | 36249 |
| SOUTH AFRICA - 0.2%  |  |  |
| Communication Services - 0.2% |  |  |
| Diversified Telecommunication Services - 0.2% |  |  |
| Liquid Telecommunications Financing Plc 5.5% 9/4/2026 (j) | 137000 | 115807 |
| SPAIN - 0.3%  |  |  |
| Utilities - 0.3% |  |  |
| Independent Power and Renewable Electricity Producers - 0.3% |  |  |
| Atlantica Sustainable Infrastructure Ltd 4.125% 6/15/2028 (j) | 166000 | 158902 |
| SWITZERLAND - 0.2%  |  |  |
| Materials - 0.2% |  |  |
| Chemicals - 0.2% |  |  |
| Consolidated Energy Finance SA 12% 2/15/2031 (j) | 84000 | 76953 |
| Consolidated Energy Finance SA 5.625% 10/15/2028 (j) | 11000 | 8881 |
| TOTAL SWITZERLAND |  | 85834 |
| UNITED KINGDOM - 0.9%  |  |  |
| Communication Services - 0.0% |  |  |
| Diversified Telecommunication Services - 0.0% |  |  |
| Connect Finco Sarl / Connect Us Finco LLC 9% 9/15/2029 (j) | 15000 | 14295 |
| Utilities - 0.9% |  |  |
| Independent Power and Renewable Electricity Producers - 0.9% |  |  |
| California Buyer Ltd / Atlantica Sustainable Infrastructure PLC 6.375% 2/15/2032 (j) | 435000 | 430117 |
| TOTAL UNITED KINGDOM |  | 444412 |
| UNITED STATES - 77.5%  |  |  |
| Communication Services - 8.6% |  |  |
| Diversified Telecommunication Services - 1.0% |  |  |
| Level 3 Financing Inc 10% 10/15/2032 (j) | 30000 | 30153 |
| Level 3 Financing Inc 11% 11/15/2029 (j) | 27698 | 31421 |
| Level 3 Financing Inc 3.625% 1/15/2029 (j) | 20000 | 16600 |
| Level 3 Financing Inc 3.75% 7/15/2029 (j) | 147000 | 120639 |
| Level 3 Financing Inc 3.875% 10/15/2030 (j) | 82000 | 69085 |
| Level 3 Financing Inc 4% 4/15/2031 (j) | 116000 | 95990 |
| Level 3 Financing Inc 4.25% 7/1/2028 (j) | 10000 | 8900 |
| Level 3 Financing Inc 4.5% 4/1/2030 (j) | 102000 | 89706 |
| Lumen Technologies Inc 4.125% 4/15/2030 (j) | 15000 | 14569 |
| Lumen Technologies Inc 4.5% 1/15/2029 (j) | 7000 | 6194 |
|  |  | 483257 |
| Interactive Media & Services - 0.4% |  |  |
| Snap Inc 6.875% 3/1/2033 (j) | 43000 | 43557 |
| ZipRecruiter Inc 5% 1/15/2030 (j) | 195000 | 168195 |
|  |  | 211752 |
| Media - 7.2% |  |  |
| CCO Holdings LLC / CCO Holdings Capital Corp 4.25% 1/15/2034 (j) | 566000 | 488590 |
| CCO Holdings LLC / CCO Holdings Capital Corp 4.75% 2/1/2032 (j) | 431000 | 398986 |
| CCO Holdings LLC / CCO Holdings Capital Corp 4.75% 3/1/2030 (j) | 122000 | 116460 |
| CCO Holdings LLC / CCO Holdings Capital Corp 5.125% 5/1/2027 (j) | 160000 | 158349 |
| CCO Holdings LLC / CCO Holdings Capital Corp 5.375% 6/1/2029 (j) | 182000 | 179486 |
| Clear Channel Outdoor Holdings Inc 7.5% 6/1/2029 (j) | 167000 | 147636 |
| Clear Channel Outdoor Holdings Inc 7.875% 4/1/2030 (j) | 71000 | 71933 |
| Clear Channel Outdoor Holdings Inc 9% 9/15/2028 (j) | 433000 | 453498 |
| CSC Holdings LLC 3.375% 2/15/2031 (j) | 291000 | 190605 |
| CSC Holdings LLC 4.625% 12/1/2030 (j) | 163000 | 74980 |
| DISH DBS Corp 5.125% 6/1/2029  | 146000 | 95987 |
| DISH DBS Corp 7.375% 7/1/2028  | 25000 | 17171 |
| EchoStar Corp 10.75% 11/30/2029  | 46147 | 46377 |
| EchoStar Corp 6.75% 11/30/2030 pay-in-kind (d) | 144559 | 124321 |
| Univision Communications Inc 7.375% 6/30/2030 (j) | 151000 | 141165 |
| Univision Communications Inc 8% 8/15/2028 (j) | 148000 | 148095 |
| Univision Communications Inc 8.5% 7/31/2031 (j) | 610000 | 585699 |
|  |  | 3439338 |
| TOTAL COMMUNICATION SERVICES |  | 4134347 |
| Consumer Discretionary - 10.7% |  |  |
| Automobile Components - 0.3% |  |  |
| Adient Global Holdings Ltd 7.5% 2/15/2033 (j) | 127000 | 126079 |
| Automobiles - 0.3% |  |  |
| Rivian Holdings LLC/Rivian LLC/Rivian Automotive LLC CME Term SOFR 6 month Index + 6.0533%, 10.1513% 10/15/2026 (d)(e)(j) | 137000 | 137685 |
| Broadline Retail - 1.4% |  |  |
| CMG Media Corp 8.875% 6/18/2029 (j) | 34000 | 31279 |
| GrubHub Holdings Inc 5.5% 7/1/2027 (j) | 52000 | 47970 |
| Kohl's Corp 4.25% 7/17/2025  | 108000 | 107192 |
| Nordstrom Inc 4.375% 4/1/2030  | 76000 | 68570 |
| Wayfair LLC 7.25% 10/31/2029 (j) | 307000 | 298998 |
| Wayfair LLC 7.75% 9/15/2030 (j) | 143000 | 140104 |
|  |  | 694113 |
| Diversified Consumer Services - 0.5% |  |  |
| Sotheby's 7.375% 10/15/2027 (j) | 81000 | 79761 |
| StoneMor Inc 8.5% 5/15/2029 (j) | 171000 | 157627 |
| WASH Multifamily Acquisition Inc 5.75% 4/15/2026 (j) | 10000 | 9976 |
|  |  | 247364 |
| Hotels, Restaurants & Leisure - 5.5% |  |  |
| Carnival Corp 5.75% 3/15/2030 (j) | 101000 | 101237 |
| Carnival Corp 5.875% 6/15/2031 (j) | 90000 | 90054 |
| Carnival Corp 6.125% 2/15/2033 (j) | 116000 | 116312 |
| CEC Entertainment LLC 6.75% 5/1/2026 (j) | 80000 | 78699 |
| ClubCorp Holdings Inc 8.5% 9/15/2025 (j) | 30000 | 29250 |
| Hilton Domestic Operating Co Inc 3.625% 2/15/2032 (j) | 621000 | 552721 |
| Hilton Domestic Operating Co Inc 5.875% 3/15/2033 (j) | 99000 | 99669 |
| Hilton Domestic Operating Co Inc 5.875% 4/1/2029 (j) | 24000 | 24236 |
| Hilton Domestic Operating Co Inc 6.125% 4/1/2032 (j) | 60000 | 60926 |
| MajorDrive Holdings IV LLC 6.375% 6/1/2029 (j) | 70000 | 52731 |
| Royal Caribbean Cruises Ltd 5.625% 9/30/2031 (j) | 190000 | 187793 |
| Royal Caribbean Cruises Ltd 6% 2/1/2033 (j) | 231000 | 231830 |
| Royal Caribbean Cruises Ltd 6.25% 3/15/2032 (j) | 172000 | 174322 |
| Yum! Brands Inc 4.625% 1/31/2032  | 886000 | 840182 |
|  |  | 2639962 |
| Household Durables - 0.7% |  |  |
| Beazer Homes USA Inc 7.5% 3/15/2031 (j) | 40000 | 39246 |
| Newell Brands Inc 6.625% 5/15/2032  | 41000 | 37818 |
| Newell Brands Inc 6.875% 4/1/2036 (m) | 12000 | 11028 |
| Newell Brands Inc 7% 4/1/2046 (m) | 157000 | 127654 |
| Newell Brands Inc 8.5% 6/1/2028 (j) | 70000 | 72418 |
| Tri Pointe Homes Inc 5.25% 6/1/2027  | 68000 | 67325 |
|  |  | 355489 |
| Specialty Retail - 1.9% |  |  |
| At Home Group Inc 4.875% 7/15/2028 (j) | 14000 | 3605 |
| Carvana Co 11% 6/1/2030 pay-in-kind (d)(j) | 195847 | 206528 |
| Carvana Co 14% 6/1/2031 pay-in-kind (d)(j) | 173818 | 201614 |
| Carvana Co 4.875% 9/1/2029 (j) | 25000 | 22250 |
| Carvana Co 5.625% 10/1/2025 (j) | 110000 | 109334 |
| Carvana Co 9% 12/1/2028 pay-in-kind (d)(j) | 43410 | 44603 |
| Champions Financing Inc 8.75% 2/15/2029 (j) | 50000 | 46571 |
| LBM Acquisition LLC 6.25% 1/15/2029 (j) | 40000 | 32125 |
| Sally Holdings LLC / Sally Capital Inc 6.75% 3/1/2032  | 32000 | 32511 |
| Staples Inc 10.75% 9/1/2029 (j) | 88000 | 79665 |
| Staples Inc 12.75% 1/15/2030 (j) | 195538 | 125870 |
|  |  | 904676 |
| Textiles, Apparel & Luxury Goods - 0.1% |  |  |
| Levi Strauss & Co 3.5% 3/1/2031 (j) | 28000 | 25022 |
| TOTAL CONSUMER DISCRETIONARY |  | 5130390 |
| Consumer Staples - 2.1% |  |  |
| Consumer Staples Distribution & Retail - 0.8% |  |  |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC 4.875% 2/15/2030 (j) | 167000 | 162450 |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC 6.25% 3/15/2033 (j) | 45000 | 45683 |
| C&S Group Enterprises LLC 5% 12/15/2028 (j) | 81000 | 68930 |
| Performance Food Group Inc 4.25% 8/1/2029 (j) | 34000 | 32406 |
| Performance Food Group Inc 6.125% 9/15/2032 (j) | 57000 | 57459 |
| US Foods Inc 5.75% 4/15/2033 (j) | 30000 | 29472 |
|  |  | 396400 |
| Food Products - 1.0% |  |  |
| Post Holdings Inc 4.5% 9/15/2031 (j) | 203000 | 185100 |
| Post Holdings Inc 4.625% 4/15/2030 (j) | 100000 | 94638 |
| Post Holdings Inc 6.25% 10/15/2034 (j) | 65000 | 64206 |
| Post Holdings Inc 6.25% 2/15/2032 (j) | 34000 | 34568 |
| Post Holdings Inc 6.375% 3/1/2033 (j) | 125000 | 124086 |
|  |  | 502598 |
| Household Products - 0.3% |  |  |
| Resideo Funding Inc 6.5% 7/15/2032 (j) | 134000 | 135102 |
| TOTAL CONSUMER STAPLES |  | 1034100 |
| Energy - 7.0% |  |  |
| Energy Equipment & Services - 1.0% |  |  |
| Archrock Partners LP / Archrock Partners Finance Corp 6.25% 4/1/2028 (j) | 193000 | 192687 |
| Archrock Partners LP / Archrock Partners Finance Corp 6.625% 9/1/2032 (j) | 59000 | 59310 |
| Nabors Industries Inc 7.375% 5/15/2027 (j) | 64000 | 61443 |
| Nabors Industries Ltd 7.5% 1/15/2028 (j) | 69000 | 57643 |
| Oceaneering International Inc 6% 2/1/2028  | 103000 | 101612 |
|  |  | 472695 |
| Oil, Gas & Consumable Fuels - 6.0% |  |  |
| California Resources Corp 8.25% 6/15/2029 (j) | 128000 | 128232 |
| Calumet Specialty Products Partners LP / Calumet Finance Corp 9.75% 7/15/2028 (j) | 150000 | 144593 |
| CNX Midstream Partners LP 4.75% 4/15/2030 (j) | 213000 | 197453 |
| CNX Resources Corp 6% 1/15/2029 (j) | 105000 | 104237 |
| CNX Resources Corp 7.25% 3/1/2032 (j) | 110000 | 112099 |
| CNX Resources Corp 7.375% 1/15/2031 (j) | 71000 | 72696 |
| CVR Energy Inc 5.75% 2/15/2028 (j) | 39000 | 37129 |
| CVR Energy Inc 8.5% 1/15/2029 (j) | 25000 | 24401 |
| Global Partners LP / GLP Finance Corp 6.875% 1/15/2029  | 377000 | 378558 |
| Global Partners LP / GLP Finance Corp 7% 8/1/2027  | 30000 | 30073 |
| Murphy Oil USA Inc 3.75% 2/15/2031 (j) | 28000 | 25363 |
| New Fortress Energy Inc 6.5% 9/30/2026 (j) | 10000 | 5987 |
| Northern Oil & Gas Inc 8.125% 3/1/2028 (j) | 91000 | 91371 |
| PBF Holding Co LLC / PBF Finance Corp 9.875% 3/15/2030 (j) | 60000 | 57365 |
| Sunoco LP / Sunoco Finance Corp 4.5% 5/15/2029  | 496000 | 475166 |
| Sunoco LP 6.25% 7/1/2033 (j) | 121000 | 120999 |
| Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp 6% 12/31/2030 (j) | 521000 | 499215 |
| Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp 6% 9/1/2031 (j) | 352000 | 335467 |
| Venture Global Plaquemines LNG LLC 7.75% 5/1/2035 (j) | 45000 | 47387 |
|  |  | 2887791 |
| TOTAL ENERGY |  | 3360486 |
| Financials - 6.3% |  |  |
| Banks - 0.4% |  |  |
| HAT Holdings I LLC / HAT Holdings II LLC 3.375% 6/15/2026 (j) | 198000 | 192752 |
| Capital Markets - 0.0% |  |  |
| Coinbase Global Inc 3.625% 10/1/2031 (j) | 30000 | 26110 |
| Consumer Finance - 2.7% |  |  |
| Ally Financial Inc 5.75% 11/20/2025  | 251000 | 251428 |
| Ally Financial Inc 6.646% 1/17/2040 (d) | 243000 | 233360 |
| Encore Capital Group Inc 8.5% 5/15/2030 (j) | 90000 | 95401 |
| Navient Corp 7.875% 6/15/2032  | 55000 | 55470 |
| OneMain Finance Corp 3.5% 1/15/2027  | 18000 | 17440 |
| OneMain Finance Corp 3.875% 9/15/2028  | 380000 | 356315 |
| OneMain Finance Corp 6.625% 5/15/2029  | 69000 | 69769 |
| OneMain Finance Corp 7.125% 11/15/2031  | 39000 | 39590 |
| OneMain Finance Corp 7.125% 9/15/2032 (k) | 45000 | 45280 |
| OneMain Finance Corp 9% 1/15/2029  | 78000 | 81749 |
| SLM Corp 6.5% 1/31/2030  | 43000 | 44339 |
|  |  | 1290141 |
| Financial Services - 2.0% |  |  |
| Block Inc 3.5% 6/1/2031  | 455000 | 411130 |
| Block Inc 6.5% 5/15/2032  | 243000 | 248343 |
| Clue Opco LLC 9.5% 10/15/2031 (j) | 27000 | 27797 |
| NFE Financing LLC 12% 11/15/2029 (j) | 71216 | 30554 |
| Saks Global Enterprises LLC 11% 12/15/2029 (j) | 84000 | 40320 |
| Walker & Dunlop Inc 6.625% 4/1/2033 (j) | 35000 | 35441 |
| WEX Inc 6.5% 3/15/2033 (j) | 70000 | 69234 |
| Windstream Services LLC / Windstream Escrow Finance Corp 8.25% 10/1/2031 (j) | 95000 | 98871 |
|  |  | 961690 |
| Insurance - 0.1% |  |  |
| APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves 7.875% 11/1/2029 (j) | 55000 | 54418 |
| Mortgage Real Estate Investment Trusts (REITs) - 1.1% |  |  |
| Starwood Property Trust Inc 3.625% 7/15/2026 (j) | 93000 | 90800 |
| Starwood Property Trust Inc 6% 4/15/2030 (j) | 39000 | 38887 |
| Starwood Property Trust Inc 6.5% 10/15/2030 (j) | 235000 | 237821 |
| Starwood Property Trust Inc 6.5% 7/1/2030 (j) | 106000 | 107504 |
| Starwood Property Trust Inc 7.25% 4/1/2029 (j) | 52000 | 54058 |
|  |  | 529070 |
| TOTAL FINANCIALS |  | 3054181 |
| Health Care - 10.8% |  |  |
| Biotechnology - 0.0% |  |  |
| Emergent BioSolutions Inc 3.875% 8/15/2028 (j) | 66000 | 49990 |
| Health Care Equipment & Supplies - 0.0% |  |  |
| Insulet Corp 6.5% 4/1/2033 (j) | 22000 | 22621 |
| Health Care Providers & Services - 8.6% |  |  |
| Acadia Healthcare Co Inc 7.375% 3/15/2033 (j) | 37000 | 37701 |
| AMN Healthcare Inc 4% 4/15/2029 (j) | 180000 | 165393 |
| CHS/Community Health Systems Inc 4.75% 2/15/2031 (j) | 410000 | 350942 |
| CHS/Community Health Systems Inc 5.25% 5/15/2030 (j) | 252000 | 226938 |
| CHS/Community Health Systems Inc 6.125% 4/1/2030 (j) | 63000 | 48668 |
| CHS/Community Health Systems Inc 6.875% 4/15/2029 (j) | 135000 | 112834 |
| CVS Health Corp 6.75% 12/10/2054 (d) | 397000 | 386437 |
| CVS Health Corp 7% 3/10/2055 (d) | 276000 | 278005 |
| DaVita Inc 3.75% 2/15/2031 (j) | 155000 | 137286 |
| DaVita Inc 6.75% 7/15/2033 (j) | 70000 | 70722 |
| DaVita Inc 6.875% 9/1/2032 (j) | 135000 | 137139 |
| Encompass Health Corp 4.625% 4/1/2031  | 167000 | 159235 |
| HAH Group Holding Co LLC 9.75% 10/1/2031 (j) | 53000 | 52785 |
| ModivCare Inc 5% 10/1/2029 (j) | 26000 | 1300 |
| Molina Healthcare Inc 6.25% 1/15/2033 (j) | 136000 | 135781 |
| Owens & Minor Inc 10% 4/15/2030 (j) | 77000 | 80425 |
| Owens & Minor Inc 4.5% 3/31/2029 (j) | 38000 | 31059 |
| Owens & Minor Inc 6.625% 4/1/2030 (j) | 208000 | 176149 |
| Pediatrix Medical Group Inc 5.375% 2/15/2030 (j) | 272000 | 263307 |
| Prime Healthcare Services Inc 9.375% 9/1/2029 (j) | 45000 | 45720 |
| Radiology Partners Inc 7.775% 1/31/2029 pay-in-kind (d)(j) | 75589 | 75967 |
| Radiology Partners Inc 9.781% 2/15/2030 pay-in-kind (d)(j) | 5244 | 5063 |
| Tenet Healthcare Corp 6.125% 10/1/2028  | 950000 | 951380 |
| Tenet Healthcare Corp 6.125% 6/15/2030  | 90000 | 90808 |
| US Acute Care Solutions LLC 9.75% 5/15/2029 (j) | 95000 | 96557 |
|  |  | 4117601 |
| Health Care Technology - 0.2% |  |  |
| IQVIA Inc 5% 10/15/2026 (j) | 18000 | 17941 |
| IQVIA Inc 5% 5/15/2027 (j) | 77000 | 76505 |
|  |  | 94446 |
| Life Sciences Tools & Services - 1.3% |  |  |
| Charles River Laboratories International Inc 4.25% 5/1/2028 (j) | 643000 | 617603 |
| Pharmaceuticals - 0.7% |  |  |
| Organon & Co / Organon Foreign Debt Co-Issuer BV 5.125% 4/30/2031 (j) | 293000 | 246202 |
| Organon & Co / Organon Foreign Debt Co-Issuer BV 6.75% 5/15/2034 (j) | 72000 | 66983 |
|  |  | 313185 |
| TOTAL HEALTH CARE |  | 5215446 |
| Industrials - 9.4% |  |  |
| Aerospace & Defense - 1.0% |  |  |
| ATI Inc 4.875% 10/1/2029  | 235000 | 227950 |
| ATI Inc 7.25% 8/15/2030  | 38000 | 39791 |
| TransDigm Inc 4.875% 5/1/2029  | 80000 | 77457 |
| TransDigm Inc 6% 1/15/2033 (j) | 47000 | 46507 |
| TransDigm Inc 6.375% 3/1/2029 (j) | 28000 | 28456 |
| TransDigm Inc 6.375% 5/31/2033 (j) | 45000 | 44460 |
| TransDigm Inc 6.625% 3/1/2032 (j) | 32000 | 32688 |
|  |  | 497309 |
| Air Freight & Logistics - 0.4% |  |  |
| Rand Parent LLC 8.5% 2/15/2030 (j) | 192000 | 189194 |
| Building Products - 1.2% |  |  |
| Advanced Drainage Systems Inc 6.375% 6/15/2030 (j) | 71000 | 71871 |
| BCPE Ulysses Intermediate Inc 7.75% 4/1/2027 pay-in-kind (d)(j) | 77000 | 73158 |
| Builders FirstSource Inc 6.375% 3/1/2034 (j) | 26000 | 25905 |
| Builders FirstSource Inc 6.75% 5/15/2035 (j) | 115000 | 115654 |
| Cornerstone Building Brands Inc 6.125% 1/15/2029 (j) | 317000 | 230109 |
| Oscar AcquisitionCo LLC / Oscar Finance Inc 9.5% 4/15/2030 (j) | 54000 | 43312 |
|  |  | 560009 |
| Commercial Services & Supplies - 3.9% |  |  |
| Artera Services LLC 8.5% 2/15/2031 (j) | 411000 | 349269 |
| Brand Industrial Services Inc 10.375% 8/1/2030 (j) | 702000 | 629642 |
| Neptune Bidco US Inc 9.29% 4/15/2029 (j) | 139000 | 131529 |
| OT Midco Inc 10% 2/15/2030 (j) | 200000 | 166624 |
| Reworld Holding Corp 4.875% 12/1/2029 (j) | 625000 | 591771 |
|  |  | 1868835 |
| Construction & Engineering - 0.4% |  |  |
| AECOM 5.125% 3/15/2027  | 211000 | 210815 |
| Electrical Equipment - 0.5% |  |  |
| Atkore Inc 4.25% 6/1/2031 (j) | 114000 | 103549 |
| Sensata Technologies BV 4% 4/15/2029 (j) | 51000 | 47874 |
| WESCO Distribution Inc 6.375% 3/15/2033 (j) | 70000 | 71299 |
|  |  | 222722 |
| Ground Transportation - 0.0% |  |  |
| Avis Budget Car Rental LLC / Avis Budget Finance Inc 8.375% 6/15/2032 (j) | 45000 | 45339 |
| Machinery - 1.3% |  |  |
| Chart Industries Inc 9.5% 1/1/2031 (j) | 285000 | 303707 |
| Enpro Inc 6.125% 6/1/2033 (j) | 55000 | 55409 |
| Terex Corp 6.25% 10/15/2032 (j) | 287000 | 282234 |
|  |  | 641350 |
| Passenger Airlines - 0.2% |  |  |
| JetBlue Airways Corp / JetBlue Loyalty LP 9.875% 9/20/2031 (j) | 70000 | 69242 |
| Spirit Loyalty Cayman Ltd / Spirit IP Cayman Ltd 11% 3/6/2030 pay-in-kind (d)(j) | 6306 | 4887 |
|  |  | 74129 |
| Trading Companies & Distributors - 0.5% |  |  |
| Herc Holdings Escrow Inc 7% 6/15/2030 (j)(k) | 90000 | 92721 |
| Herc Holdings Escrow Inc 7.25% 6/15/2033 (j)(k) | 65000 | 66897 |
| United Rentals North America Inc 6.125% 3/15/2034 (j) | 60000 | 60816 |
|  |  | 220434 |
| TOTAL INDUSTRIALS |  | 4530136 |
| Information Technology - 5.4% |  |  |
| Communications Equipment - 0.1% |  |  |
| Viasat Inc 6.5% 7/15/2028 (j) | 25000 | 22946 |
| Viasat Inc 7.5% 5/30/2031 (j) | 30000 | 23935 |
|  |  | 46881 |
| Electronic Equipment, Instruments & Components - 0.2% |  |  |
| Insight Enterprises Inc 6.625% 5/15/2032 (j) | 34000 | 34644 |
| TTM Technologies Inc 4% 3/1/2029 (j) | 52000 | 49425 |
|  |  | 84069 |
| IT Services - 1.2% |  |  |
| CoreWeave Inc 9.25% 6/1/2030 (j) | 76000 | 75915 |
| Go Daddy Operating Co LLC / GD Finance Co Inc 3.5% 3/1/2029 (j) | 551000 | 514330 |
|  |  | 590245 |
| Semiconductors & Semiconductor Equipment - 1.9% |  |  |
| Entegris Inc 3.625% 5/1/2029 (j) | 131000 | 122162 |
| Entegris Inc 5.95% 6/15/2030 (j) | 470000 | 470258 |
| ON Semiconductor Corp 3.875% 9/1/2028 (j) | 230000 | 219670 |
| Wolfspeed Inc 7.9583% 6/23/2030 (f)(h)(j)(m) | 55154 | 53086 |
|  |  | 865176 |
| Software - 1.2% |  |  |
| Elastic NV 4.125% 7/15/2029 (j) | 112000 | 105019 |
| Fair Isaac Corp 6% 5/15/2033 (j) | 115000 | 114783 |
| Gen Digital Inc 6.25% 4/1/2033 (j) | 65000 | 65721 |
| Gen Digital Inc 7.125% 9/30/2030 (j) | 270000 | 278691 |
| Rackspace Finance LLC 3.5% 5/15/2028 (j) | 12525 | 4509 |
| UKG Inc 6.875% 2/1/2031 (j) | 32000 | 32973 |
|  |  | 601696 |
| Technology Hardware, Storage & Peripherals - 0.8% |  |  |
| Seagate Data Storage Technology Pte Ltd 5.875% 7/15/2030 (j) | 40000 | 40076 |
| Seagate HDD Cayman 4.125% 1/15/2031  | 40000 | 37076 |
| Seagate HDD Cayman 5.75% 12/1/2034  | 96000 | 94253 |
| Seagate HDD Cayman 8.25% 12/15/2029  | 73000 | 77813 |
| Western Digital Corp 2.85% 2/1/2029  | 70000 | 63973 |
| Western Digital Corp 3.1% 2/1/2032  | 86000 | 74241 |
|  |  | 387432 |
| TOTAL INFORMATION TECHNOLOGY |  | 2575499 |
| Materials - 6.1% |  |  |
| Chemicals - 3.3% |  |  |
| Celanese US Holdings LLC 6.5% 4/15/2030  | 40000 | 40308 |
| Celanese US Holdings LLC 6.75% 4/15/2033  | 75000 | 72996 |
| Chemours Co/The 4.625% 11/15/2029 (j) | 731000 | 597968 |
| GPD Cos Inc 10.125% 4/1/2026 (j) | 44000 | 42309 |
| Kobe US Midco 2 Inc 9.25% 11/1/2026 pay-in-kind (d)(j) | 116183 | 102967 |
| Mativ Holdings Inc 8% 10/1/2029 (j) | 45000 | 38391 |
| Olin Corp 5% 2/1/2030  | 206000 | 194979 |
| Olin Corp 6.625% 4/1/2033 (j) | 147000 | 140703 |
| Olympus Water US Holding Corp 6.25% 10/1/2029 (j) | 247000 | 229283 |
| Olympus Water US Holding Corp 9.75% 11/15/2028 (j) | 89000 | 93313 |
|  |  | 1553217 |
| Construction Materials - 0.6% |  |  |
| Quikrete Holdings Inc 6.375% 3/1/2032 (j) | 181000 | 183925 |
| Quikrete Holdings Inc 6.75% 3/1/2033 (j) | 85000 | 86253 |
|  |  | 270178 |
| Containers & Packaging - 2.2% |  |  |
| Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC 4% 9/1/2029 (j) | 250000 | 221785 |
| Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC 6% 6/15/2027 (j) | 198000 | 198488 |
| Clydesdale Acquisition Holdings Inc 8.75% 4/15/2030 (j) | 81000 | 82833 |
| Crown Americas LLC / Crown Americas Capital Corp VI 4.75% 2/1/2026  | 189000 | 188882 |
| Crown Americas LLC 5.875% 6/1/2033 (j) | 65000 | 64557 |
| Graphic Packaging International LLC 4.75% 7/15/2027 (j) | 84000 | 82758 |
| Graphic Packaging International LLC 6.375% 7/15/2032 (j) | 33000 | 33049 |
| Sealed Air Corp 6.5% 7/15/2032 (j) | 201000 | 205856 |
|  |  | 1078208 |
| Metals & Mining - 0.0% |  |  |
| Novelis Corp 3.25% 11/15/2026 (j) | 12000 | 11770 |
| TOTAL MATERIALS |  | 2913373 |
| Real Estate - 4.9% |  |  |
| Diversified REITs - 1.2% |  |  |
| Uniti Group LP / Uniti Fiber Holdings Inc / CSL Capital LLC 6% 1/15/2030 (j) | 520000 | 473725 |
| Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC 10.5% 2/15/2028 (j) | 89000 | 94418 |
| Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC 6.5% 2/15/2029 (j) | 6000 | 5657 |
|  |  | 573800 |
| Health Care REITs - 1.1% |  |  |
| MPT Operating Partnership LP / MPT Finance Corp 4.625% 8/1/2029  | 146000 | 110665 |
| MPT Operating Partnership LP / MPT Finance Corp 5% 10/15/2027  | 348000 | 303317 |
| MPT Operating Partnership LP / MPT Finance Corp 8.5% 2/15/2032 (j) | 108000 | 110705 |
|  |  | 524687 |
| Hotel & Resort REITs - 0.1% |  |  |
| RHP Hotel Properties LP / RHP Finance Corp 6.5% 6/15/2033 (j)(k)(n) | 45000 | 45766 |
| Real Estate Management & Development - 2.1% |  |  |
| Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp 7% 4/15/2030 (j) | 57000 | 52071 |
| Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp 5.75% 1/15/2029 (j) | 111000 | 91021 |
| Forestar Group Inc 6.5% 3/15/2033 (j) | 91000 | 90235 |
| Howard Hughes Corp/The 4.375% 2/1/2031 (j) | 196000 | 177987 |
| Taylor Morrison Communities Inc 5.125% 8/1/2030 (j) | 586000 | 571357 |
|  |  | 982671 |
| Specialized REITs - 0.4% |  |  |
| Iron Mountain Inc 4.875% 9/15/2027 (j) | 217000 | 214428 |
| TOTAL REAL ESTATE |  | 2341352 |
| Utilities - 6.2% |  |  |
| Electric Utilities - 4.7% |  |  |
| DPL Inc 4.35% 4/15/2029  | 643000 | 618857 |
| Edison International 6.25% 3/15/2030  | 24000 | 24308 |
| Edison International 7.875% 6/15/2054 (d) | 194000 | 186652 |
| Edison International 8.125% 6/15/2053 (d) | 100000 | 98793 |
| NRG Energy Inc 5.75% 7/15/2029 (j) | 51000 | 50450 |
| NRG Energy Inc 6% 2/1/2033 (j) | 80000 | 79276 |
| NRG Energy Inc 6.25% 11/1/2034 (j) | 86000 | 86029 |
| PG&E Corp 5.25% 7/1/2030  | 479000 | 464755 |
| PG&E Corp 7.375% 3/15/2055 (d) | 93000 | 91067 |
| XPLR Infrastructure Operating Partners LP 4.5% 9/15/2027 (j) | 254000 | 245708 |
| XPLR Infrastructure Operating Partners LP 7.25% 1/15/2029 (j) | 190000 | 190932 |
| XPLR Infrastructure Operating Partners LP 8.375% 1/15/2031 (j) | 76000 | 79366 |
| XPLR Infrastructure Operating Partners LP 8.625% 3/15/2033 (j) | 55000 | 57695 |
|  |  | 2273888 |
| Independent Power and Renewable Electricity Producers - 1.5% |  |  |
| AES Corp/The 6.95% 7/15/2055 (d) | 215000 | 203984 |
| Sunnova Energy Corp 5.875% 9/1/2026 (j) | 224000 | 66640 |
| TerraForm Power Operating LLC 4.75% 1/15/2030 (j) | 471000 | 443972 |
|  |  | 714596 |
| TOTAL UTILITIES |  | 2988484 |
| TOTAL UNITED STATES |  | 37277794 |
| ZAMBIA - 0.6%  |  |  |
| Materials - 0.6% |  |  |
| Metals & Mining - 0.6% |  |  |
| First Quantum Minerals Ltd 6.875% 10/15/2027 (j) | 11000 | 10865 |
| First Quantum Minerals Ltd 8% 3/1/2033 (j) | 175000 | 173660 |
| First Quantum Minerals Ltd 9.375% 3/1/2029 (j) | 110000 | 115500 |
| TOTAL ZAMBIA |  | 300025 |
| <br> **TOTAL NON-CONVERTIBLE CORPORATE BONDS**<br> (Cost $44,077,628) |  | <br> **43797740** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Preferred Securities - 0.4%** | &nbsp;&nbsp;**Preferred Securities - 0.4%** | &nbsp;&nbsp;**Preferred Securities - 0.4%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| UNITED STATES - 0.4%  |  |  |
| Energy - 0.0% |  |  |
| Oil, Gas & Consumable Fuels - 0.0% |  |  |
| Energy Transfer LP Series G, 7.125% (d)(o) | 5000 | 5037 |
| Financials - 0.4% |  |  |
| Banks - 0.3% |  |  |
| BW Real Estate Inc 9.5% (d)(j)(o) | 100000 | 101558 |
| Consumer Finance - 0.1% |  |  |
| Ally Financial Inc 4.7% (d)(o) | 55000 | 52082 |
| Insurance - 0.0% |  |  |
| Alliant Holdings LP 10.5% (d)(h)(o) | 16452 | 16703 |
| TOTAL FINANCIALS |  | 170343 |
| Industrials - 0.0% |  |  |
| Trading Companies & Distributors - 0.0% |  |  |
| Aircastle Ltd 5.25% (d)(j)(o) | 10000 | 10039 |
| Utilities - 0.0% |  |  |
| Electric Utilities - 0.0% |  |  |
| Edison International 5% (d)(o) | 15000 | 13544 |
| TOTAL UNITED STATES |  | 198963 |
| <br> **TOTAL PREFERRED SECURITIES**<br> (Cost $196,651) |  | <br> **198963** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 1.7%** | &nbsp;&nbsp;**Money Market Funds - 1.7%** | &nbsp;&nbsp;**Money Market Funds - 1.7%** | &nbsp;&nbsp;**Money Market Funds - 1.7%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (p)<br>(Cost $814,074)<br>| 4.32 | 813911 | **814074** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.6%**<br> (Cost $48,913,743)<br>| <br>**48406140** |
| **NET OTHER ASSETS (LIABILITIES) - (0.6)%**  | **(266093)** |
| **NET ASSETS - 100.0%** | **48140047** |

---

**Legend**

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

(b) A coupon rate of 0% signifies an unsettled loan. The coupon rate will be determined upon settlement of the loan after period end.

(c) Remaining maturities of bank loan obligations may be less than the stated maturities shown as a result of contractual or optional prepayments by the borrower. Such prepayments cannot be predicted with certainty.

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

(e) Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.

(f) Position or a portion of the position represents an unfunded loan commitment. At period end, the total principal amount and market value of unfunded commitments totaled $37,833 and $36,458, respectively.

(g) Non-income producing

(h) Level 3 security

(i) Security initially issued in zero coupon form which converts to coupon form at a specified rate and date. The rate shown is the rate at period end.

(j) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $34,168,846 or 71.0% of net assets.

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

(l) Security exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $56,997 or 0.1% of net assets.

(m) Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.

(n) A portion of the security sold on a delayed delivery basis.

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

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

**Affiliated Central Funds**

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 65848 | 11398389 | 10650163 | 18432 | - | - | 814074 | 813911 | 0.0% |
| Total | 65848 | 11398389 | 10650163 | 18432 | - | - | 814074 |  |  |

---

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

**Investment Valuation**

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

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

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

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

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

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

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

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

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

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

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

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

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

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

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

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

- **b. EDGAR series identifier (if any):** S000075296

- **c. LEI of Series:** 5493008RT5ZXTNQPLX41

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $49067352.14

**Total Liabilities:** $936468.48

**Net Assets:** $48130883.66

**Delayed Delivery Securities:** $470000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 217.35692630 | **1-Year:** 635.88503700 | **5-Year:** 677.10769380 | **10-Year:** 173.64336080 | **30-Year:** 22.42179980

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

- **3-Month:** 2524.12515618 | **1-Year:** 6899.10271877 | **5-Year:** 6415.78953419 | **10-Year:** 552.33270762 | **30-Year:** 121.26359251

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000234213 | -1.41%               | 0.09%                | 1.50%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $70.06                   | $-939647.14                                |
| Month 2  | $-4314.71                | $-288235.74                                |
| Month 3  | $27936.55                | $388141.44                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SURGERY PARTNERS INC                                                             | SURGERY PARTNERS INC                                                                                    | CUSIP: 86881A100<br>LEI: 549300LC82HG33S19I03 | Long             | EC               | CORP              | US        |      2100 | NS      | $49581.00     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                                                         | ENCORE CAP GROUP INC 8.5% 05/15/2030 144A                                                               | CUSIP: 292554AR3<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |     90000 | PA      | $95401.42     | 0.20%             | 2030-05-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| HORIZON US FINCO LP                                                              | THE TRAVEL CORP TERM B 1LN 10/31/2031                                                                   | CUSIP: 44057XAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     40000 | PA      | $37050.00     | 0.08%             | 2031-10-31      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| RESTAURANT TECHNOLOGIES INC                                                      | RESTAURANT TECHNOLOGIES TERM B 1LN 4/2/2029                                                             | CUSIP: 26972CAC6<br>LEI: 5493007MVERDD2NKNE42 | Long             | LON              | CORP              | US        |     54872 | PA      | $53293.97     | 0.11%             | 2029-04-02      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FINANCE SA                                                   | CONSOLIDATED ENERGY FINANCE SA 12% 02/15/2031 144A                                                      | CUSIP: 20914UAH9<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |     84000 | PA      | $76952.77     | 0.16%             | 2031-02-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC                                                          | NEW FORTRESS ENERGY INC 144                                                                             | CUSIP: N/A<br>LEI: 254900EICTYTCHA5X705       | Long             | EC               | CORP              | US        |      2292 | NS      | $5707.08      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SABLE INTL FINANCE LTD                                                           | SABLE INTL FIN LTD 7.125% 10/15/2032 144A                                                               | CUSIP: 785712AK6<br>LEI: 2138009IE9A35LO5JS73 | Long             | DBT              | CORP              | KY        |     45000 | PA      | $44114.06     | 0.09%             | 2032-10-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| OLIN CORP                                                                        | OLIN CORP 5% 02/01/2030                                                                                 | CUSIP: 680665AK2<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    206000 | PA      | $194978.46    | 0.41%             | 2030-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARTERA SERVICES LLC                                                              | ARTERA SERVICES LLC 8.5% 02/15/2031 144A                                                                | CUSIP: 04302XAA2<br>LEI: 549300J2G34D0WX8Z443 | Long             | DBT              | CORP              | US        |    411000 | PA      | $349268.91    | 0.73%             | 2031-02-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| C AND S GROUP ENTERPRISES LLC                                                    | C AND S GROUP ENTERPRISES LLC 5% 12/15/2028 144A                                                        | CUSIP: 12467AAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     81000 | PA      | $68930.13     | 0.14%             | 2028-12-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                                                     | ENTEGRIS INC 5.95% 06/15/2030 144A                                                                      | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    470000 | PA      | $470258.03    | 0.98%             | 2030-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| COHERENT CORP                                                                    | COHERENT CORP                                                                                           | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |       500 | NS      | $37815.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CHART INDUSTRIES INC                                                             | CHART INDUSTRIES INC 9.5% 01/01/2031 144A                                                               | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    285000 | PA      | $303706.55    | 0.63%             | 2031-01-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                                               | CNX RESOURCES CORP 7.375% 01/15/2031 144A                                                               | CUSIP: 12653CAK4<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |     71000 | PA      | $72697.18     | 0.15%             | 2031-01-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC                                                          | NEW FORTRESS ENERGY INC 6.5% 09/30/2026 144A                                                            | CUSIP: 644393AB6<br>LEI: 254900EICTYTCHA5X705 | Long             | DBT              | CORP              | US        |     10000 | PA      | $5987.20      | 0.01%             | 2026-09-30      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BEAZER HOMES USA INC                                                             | BEAZER HOMES USA INC 7.5% 03/15/2031 144A                                                               | CUSIP: 07556QBU8<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39246.67     | 0.08%             | 2031-03-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                   | NRG ENERGY INC 5.75% 07/15/2029 144A                                                                    | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     51000 | PA      | $50450.63     | 0.10%             | 2029-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS, L.P.                                                           | ALLIANT HOLDINGS LP 10%/ 10.5% PIK PREF PERP                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     16452 | PA      | $16391.13     | 0.03%             |  |  |  | No            |                  3 | On Loan: No      |
| ATP TOWER HOLDINGS/ ANDEAN TELECOM PARTNERS CHILE SPA/ ANDEAN TOWER PARTNERS C   | ATP TOWER HOLDINGS/ ANDEAN TELECOM PARTNERS CHILE SPA/ ANDEAN TOWER PARTNERS C 7.875% 02/03/2030 144A   | CUSIP: 00193BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $45032.11     | 0.09%             | 2030-02-03      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                                      | ROYAL CARIBBEAN CRUISES LTD 6% 02/01/2033 144A                                                          | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    231000 | PA      | $231829.17    | 0.48%             | 2033-02-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| KOSMOS ENERGY LTD                                                                | KOSMOS ENERGY LTD 7.125% 04/04/2026 144A                                                                | CUSIP: 500688AC0<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |     76000 | PA      | $73036.00     | 0.15%             | 2026-04-04      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| LCPR SENIOR SECURED FINANCING DAC                                                | LCPR SENIOR SECURED FINANCING DAC 6.75% 10/15/2027 144A                                                 | CUSIP: 50201DAA1<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | IE        |     50000 | PA      | $36248.85     | 0.08%             | 2027-10-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CANO HEALTH LLC                                                                  | CANO HEALTH TERM 1LN 06/28/2029                                                                         | CUSIP: 13781HAN0<br>LEI: 254900OGI2T8V1NXN639 | Long             | LON              | CORP              | US        |      6134 | PA      | $5428.86      | 0.01%             | 2029-06-28      | Variable      | 0.14%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                                                 | GGAM FINANCE LTD 5.875% 03/15/2030 144A                                                                 | CUSIP: 36170JAE6<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |     41000 | PA      | $40756.05     | 0.08%             | 2030-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                             | EDISON INTERNATIONAL 5%/VAR PERP                                                                        | CUSIP: 281020AT4<br>LEI: 549300I7ROF15MAEVP56 | Long             | EP               | CORP              | US        |     15000 | PA      | $13389.15     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| US FOODS INC                                                                     | US FOODS INC 5.75% 04/15/2033 144A                                                                      | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29472.03     | 0.06%             | 2033-04-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CCO HLDGS CAP CORP                                                 | CCO HLDGS LLC/CAP CORP 5.375% 06/01/2029 144A                                                           | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    182000 | PA      | $179485.78    | 0.37%             | 2029-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                            | LEVEL 3 FINANCING INC 4.25% 07/01/2028 144A                                                             | CUSIP: 527298BR3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8900.00      | 0.02%             | 2028-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                  | CVS HEALTH CORP 6.75%/VAR 12/10/2054                                                                    | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    397000 | PA      | $386436.58    | 0.80%             | 2054-12-10      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| AES CORP                                                                         | AES CORP 6.95%/VAR 07/15/2055                                                                           | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    215000 | PA      | $203983.96    | 0.42%             | 2055-07-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                                                      | STAPLES INC 10.75% 09/01/2029 144A                                                                      | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |     88000 | PA      | $79664.77     | 0.17%             | 2029-09-01      | Fixed         | 0.11%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORPORATION                                                            | OPEN TEXT CORPORATION 3.875% 02/15/2028 144A                                                            | CUSIP: 683715AC0<br>LEI: 549300UQROQS42RKHM85 | Long             | DBT              | CORP              | CA        |     25000 | PA      | $23947.68     | 0.05%             | 2028-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| REALOGY GROUP LLC / REALOGY CO-ISSUER CORP                                       | REALOGY GROUP LLC / REALOGY CO-ISSUER CORP CONV 0.25% 06/15/2026                                        | CUSIP: 75606DAP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    111000 | PA      | $104839.50    | 0.22%             | 2026-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE LTD                                                      | ENERGEAN ISRAEL FINANCE LTD 5.875% 03/30/2031 144A REGS                                                 | CUSIP: N/A<br>LEI: 98450044QACBL3F8EB03       | Long             | DBT              | CORP              | IL        |     10000 | PA      | $9180.00      | 0.02%             | 2031-03-30      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                                                   | CVR ENERGY INC 8.5% 01/15/2029 144A                                                                     | CUSIP: 12662PAF5<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24401.06     | 0.05%             | 2029-01-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY OPERATING PARTNERS LP                                             | NEXTERA ENERGY OPERATING PARTNERS LP 4.5% 09/15/2027 144A                                               | CUSIP: 65342QAB8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    254000 | PA      | $245707.28    | 0.51%             | 2027-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                                                                  | IHS HOLDING LTD 5.625% 11/29/2026 144A                                                                  | CUSIP: 44963HAA3<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |     28000 | PA      | $27370.00     | 0.06%             | 2026-11-29      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SOTHEBYS                                                                         | SOTHEBYS 7.375% 10/15/2027 144A                                                                         | CUSIP: 835898AH0<br>LEI: 549300P5BAAMQQ7VL735 | Long             | DBT              | CORP              | US        |     81000 | PA      | $79761.30     | 0.17%             | 2027-10-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                                                     | ENTEGRIS INC 3.625% 05/01/2029 144A                                                                     | CUSIP: 29362UAD6<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    131000 | PA      | $122161.53    | 0.25%             | 2029-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                            | LEVEL 3 FINANCING INC 4.5% 04/01/2030 144A                                                              | CUSIP: 527298CD3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    102000 | PA      | $89705.94     | 0.19%             | 2030-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                                 | CSC HOLDINGS LLC 4.625% 12/01/2030 144A                                                                 | CUSIP: 126307BD8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    163000 | PA      | $74980.00     | 0.16%             | 2030-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TTM TECHNOLOGIES INC                                                             | TTM TECHNOLOGIES INC 4% 03/01/2029 144A                                                                 | CUSIP: 87305RAK5<br>LEI: 549300SC4BDOIS008048 | Long             | DBT              | CORP              | US        |     52000 | PA      | $49425.12     | 0.10%             | 2029-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                  | CVS HEALTH CORP 7%/VAR 03/10/2055                                                                       | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    276000 | PA      | $278005.69    | 0.58%             | 2055-03-10      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| WOLFSPEED INC                                                                    | WOLFSPEED INC CONV 1.875% 12/01/2029                                                                    | CUSIP: 977852AD4<br>LEI: 549300OGU88P3AW3TO93 | Long             | DBT              | CORP              | US        |    219000 | PA      | $39420.00     | 0.08%             | 2029-12-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| ENFRAGEN ENERGIA SUR SA                                                          | ENFRAGEN ENERGIA SUR SA 5.375% 12/30/2030 144A                                                          | CUSIP: 29280LAA1<br>LEI: 2549002TO75PYMY3VY07 | Long             | DBT              | CORP              | ES        |     80000 | PA      | $69180.00     | 0.14%             | 2030-12-30      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASH MULTIFAMILY ACQUISITION INC                                                 | WASH MULTIFAMILY ACQUISITION INC 5.75% 04/15/2026 144A                                                  | CUSIP: 93710WAA3<br>LEI: 549300AS7PRY5PHG6L12 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9976.21      | 0.02%             | 2026-04-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP / SUNOCO FIN CORP                                                      | SUNOCO LP / SUNOCO FIN CORP 4.5% 05/15/2029                                                             | CUSIP: 86765LAT4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    496000 | PA      | $475166.02    | 0.99%             | 2029-05-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                                       | DAVITA INC 6.75% 07/15/2033 144A                                                                        | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70722.90     | 0.15%             | 2033-07-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| KOSMOS ENERGY LTD                                                                | KOSMOS ENERGY LTD 7.5% 03/01/2028 144A                                                                  | CUSIP: 500688AD8<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |      8000 | PA      | $6532.48      | 0.01%             | 2028-03-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| SLM CORP                                                                         | SLM CORP 6.5% 01/31/2030                                                                                | CUSIP: 78442PGF7<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | DBT              | CORP              | US        |     43000 | PA      | $44338.58     | 0.09%             | 2030-01-31      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                                              | NOVA CHEMICALS CORP 9% 02/15/2030 144A                                                                  | CUSIP: 66977WAU3<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |     57000 | PA      | $61367.57     | 0.13%             | 2030-02-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| ENERGEAN PLC                                                                     | ENERGEAN PLC 6.5% 04/30/2027 144A                                                                       | CUSIP: 29280EAA7<br>LEI: 549300RVMKU0CYUZBB05 | Long             | DBT              | CORP              | GB        |    203000 | PA      | $198432.50    | 0.41%             | 2027-04-30      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CHS/CMNTY HEALTH SYSTEMS INC                                                     | CHS/CMNTY HEALTH SYSTEMS INC 6.875% 04/15/2029 144A                                                     | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    135000 | PA      | $112834.35    | 0.23%             | 2029-04-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING FINANCE USA LLC/ARDAGH METAL PACKAGING FINANCE PLC        | ARDAGH METAL PACKAGING FINANCE USA LLC/ARDAGH METAL PACKAGING FINANCE PLC 6% 06/15/2027 144A            | CUSIP: 03969YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    198000 | PA      | $198487.67    | 0.41%             | 2027-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                            | LEVEL 3 FINANCING INC 4% 04/15/2031 144A                                                                | CUSIP: 527298CH4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    116000 | PA      | $95990.00     | 0.20%             | 2031-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ORGANON and CO / ORGANON FOREIGN DEBT CO-ISSUER BV                               | ORGANON and CO / ORGANON FOREIGN DEBT CO-ISSUER BV 5.125% 04/30/2031 144A                               | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    293000 | PA      | $246202.22    | 0.51%             | 2031-04-30      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ORGANON and CO / ORGANON FOREIGN DEBT CO-ISSUER BV                               | ORGANON and CO / ORGANON FOREIGN DEBT CO-ISSUER BV 6.75% 05/15/2034 144A                                | CUSIP: 68622FAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     72000 | PA      | $66982.55     | 0.14%             | 2034-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| RADIOLOGY PARTNERS INC                                                           | RADIOLOGY PARTNERS TERM B 1LN 01/31/2029                                                                | CUSIP: 75041EAJ1<br>LEI: 549300SFTAG2177WUZ08 | Long             | LON              | CORP              | US        |     25053 | PA      | $24816.64     | 0.05%             | 2029-01-31      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP LTD / AERCAP GLOBAL AVIATION TR                               | AERCAP IRELAND CAP LTD / AERCAP GLOBAL AVIATION TR 6.5%/VAR 01/31/2056                                  | CUSIP: 00774MBQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |     13000 | PA      | $12813.84     | 0.03%             | 2056-01-31      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| MODIVCARE INC                                                                    | MODIVCARE INC 5% 10/01/2029 144A                                                                        | CUSIP: 60783XAA2<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | DBT              | CORP              | US        |     26000 | PA      | $1300.00      | 0.00%             | 2029-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| 1011778 B C UNLIMITED LIABILITY CO / NEW RED FIN INC                             | 1011778 BC ULC/NEW RED FIN INC 6.125% 06/15/2029 144A                                                   | CUSIP: 68245XAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     46000 | PA      | $46912.13     | 0.10%             | 2029-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE LTD                                                      | ENERGEAN ISRAEL FINANCE LTD 4.875% 03/30/2026 144A REGS                                                 | CUSIP: N/A<br>LEI: 98450044QACBL3F8EB03       | Long             | DBT              | CORP              | IL        |     10000 | PA      | $9857.29      | 0.02%             | 2026-03-30      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY OPERATING PARTNERS LP                                             | NEXTERA ENERGY OPERATING PARTNERS LP 7.25% 01/15/2029 144A                                              | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    190000 | PA      | $190932.33    | 0.40%             | 2029-01-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| VALLOUREC SA                                                                     | VALLOUREC SA 7.5% 04/15/2032 144A                                                                       | CUSIP: 92023RAA8<br>LEI: 969500P2Q1B47H4MCJ34 | Long             | DBT              | CORP              | FR        |    188000 | PA      | $196142.09    | 0.41%             | 2032-04-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| M2S GROUP INTERMEDIATE HOLDINGS INC                                              | M2S GROUP TERM B 1LN 8/25/2031                                                                          | CUSIP: 55287CAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     96081 | PA      | $91877.58     | 0.19%             | 2031-08-25      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                            | TENET HEALTHCARE CORP 6.125% 10/01/2028                                                                 | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    950000 | PA      | $951380.35    | 1.98%             | 2028-10-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                                            | QUIKRETE HOLDINGS INC 6.375% 03/01/2032 144A                                                            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    181000 | PA      | $183924.42    | 0.38%             | 2032-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                               | ENERGY TRANSFER LP 7.125%/VAR PERP                                                                      | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |      5000 | PA      | $5021.49      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                                              | NOVA CHEMICALS CORP 7% 12/01/2031 144A                                                                  | CUSIP: 66977WAV1<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |     43000 | PA      | $44970.69     | 0.09%             | 2031-12-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTYS LP and RHP FIN CORP                                              | RHP HOTEL PPTYS LP and RHP FIN CORP 6.5% 06/15/2033 144A                                                | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $45765.64     | 0.10%             | 2033-06-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                    | TRANSDIGM INC 6.375% 05/31/2033 144A                                                                    | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44460.03     | 0.09%             | 2033-05-31      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PEDIATRIX MEDICAL GROUP INC                                                      | PEDIATRIX MEDICAL GROUP INC 5.375% 02/15/2030 144A                                                      | CUSIP: 58502BAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    272000 | PA      | $263307.29    | 0.55%             | 2030-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS ESCROW                                                             | HERC HOLDINGS ESCROW 7% 06/15/2030 144A                                                                 | CUSIP: 42703NAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $92720.31     | 0.19%             | 2030-06-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING CO INC                                                 | HILTON DOMESTIC OPERATING CO INC 5.875% 03/15/2033 144A                                                 | CUSIP: 432833AR2<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     99000 | PA      | $99668.75     | 0.21%             | 2033-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| STONEMOR INC                                                                     | STONEMOR INC 8.5% 05/15/2029 144A                                                                       | CUSIP: 86184WAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    171000 | PA      | $157626.53    | 0.33%             | 2029-05-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                                             | NEPTUNE BIDCO US INC 9.29% 04/15/2029 144A                                                              | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    139000 | PA      | $131528.75    | 0.27%             | 2029-04-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| BRAND INDUSTRIAL SERVICES INC                                                    | BRAND INDUSTRIAL SERVICES INC 10.375% 08/01/2030 144A                                                   | CUSIP: 104931AA8<br>LEI: 549300B658W2BPDQMW42 | Long             | DBT              | CORP              | US        |    702000 | PA      | $629642.33    | 1.31%             | 2030-08-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD                                                       | FIRST QUANTUM MINERALS LTD 9.375% 03/01/2029 144A                                                       | CUSIP: 335934AV7<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    110000 | PA      | $115500.00    | 0.24%             | 2029-03-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| CANACOL ENERGY LTD                                                               | CANACOL ENERGY LTD 5.75% 11/24/2028 144A                                                                | CUSIP: 134808AD6<br>LEI: 549300X5MNRWPMSM9N14 | Long             | DBT              | CORP              | CA        |    141000 | PA      | $64578.00     | 0.13%             | 2028-11-24      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS ESCROW                                                             | HERC HOLDINGS ESCROW 7.25% 06/15/2033 144A                                                              | CUSIP: 42703NAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $66897.47     | 0.14%             | 2033-06-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| POLARIS NEWCO LLC                                                                | SOLERA TERM B 1LN 06/02/2028                                                                            | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |     49871 | PA      | $48261.47     | 0.10%             | 2028-06-02      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                                         | SNAP INC 6.875% 03/01/2033 144A                                                                         | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |     43000 | PA      | $43556.68     | 0.09%             | 2033-03-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CONSTANT CONTACT INC                                                             | CONSTANT CONTACT TERM B 1LN 02/10/2028                                                                  | CUSIP: 21031HAC5<br>LEI: 2549000JW50H0AI5B946 | Long             | LON              | CORP              | US        |     94642 | PA      | $88667.86     | 0.18%             | 2028-02-10      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| BW REAL ESTATE INC                                                               | BW REAL ESTATE INC 9.5%/VAR PERP 144A                                                                   | CUSIP: 05614HAA7<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    100000 | PA      | $99853.10     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| ON SEMICONDUCTOR CORP                                                            | ON SEMICONDUCTOR CORP                                                                                   | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |       840 | NS      | $35296.80     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA INC                                                                        | IQVIA INC 5% 05/15/2027 144A                                                                            | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |     77000 | PA      | $76504.90     | 0.16%             | 2027-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                                               | CNX RESOURCES CORP 6% 01/15/2029 144A                                                                   | CUSIP: 12653CAJ7<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    105000 | PA      | $104236.66    | 0.22%             | 2029-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| TALLGRASS ENERGY PARTNERS LP / TALLGRASS ENERGY FINANCE CORP                     | TALLGRASS ENERGY PARTNERS LP / TALLGRASS ENERGY FINANCE CORP 6% 03/01/2027 144A                         | CUSIP: 87470LAG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     52000 | PA      | $51928.23     | 0.11%             | 2027-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                                                  | SEALED AIR CORP 6.5% 07/15/2032 144A                                                                    | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    201000 | PA      | $205856.36    | 0.43%             | 2032-07-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                                   | BOMBARDIER INC 6% 02/15/2028 144A                                                                       | CUSIP: 097751BX8<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    178000 | PA      | $177883.58    | 0.37%             | 2028-02-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| DEL MONTE FOODS CORP II INC                                                      | DEL MONTE TERM FLFO B 1LN 11/2/2028                                                                     | CUSIP: 24521WAF6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      1466 | PA      | $1356.10      | 0.00%             | 2028-08-02      | Variable      | 0.12%                 | No            |                  2 | On Loan: No      |
| OWENS and MINOR INC                                                              | OWENS and MINOR TERM B 1LN 04/02/2030                                                                   | CUSIP: 69073LAF7<br>LEI: 549300LMT5KQQXCEZ733 | Long             | LON              | CORP              | US        |     25000 | PA      | $24812.50     | 0.05%             | 2030-04-02      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                             | ONEMAIN FINANCE CORP 3.875% 09/15/2028                                                                  | CUSIP: 682691AC4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    380000 | PA      | $356314.07    | 0.74%             | 2028-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP INC                                                       | PERFORMANCE FOOD GROUP INC 4.25% 08/01/2029 144A                                                        | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |     34000 | PA      | $32406.52     | 0.07%             | 2029-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CORE SCIENTIFIC INC                                                              | CORE SCIENTIFIC INC CONV 3% 09/01/2029 144A                                                             | CUSIP: 21874AAC0<br>LEI: 5299003RGB2LAZ65RK73 | Long             | DBT              | CORP              | US        |      7000 | PA      | $8925.00      | 0.02%             | 2029-09-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                             | EDISON INTERNATIONAL 6.25% 03/15/2030                                                                   | CUSIP: 281020BC0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |     24000 | PA      | $24308.62     | 0.05%             | 2030-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GRAN TIERRA ENERGY INC                                                           | GRAN TIERRA ENERGY INC 9.5% 10/15/2029 144A                                                             | CUSIP: 38500TAC5<br>LEI: 549300IH2S17MAIUCM32 | Long             | DBT              | CORP              | US        |     68000 | PA      | $47600.00     | 0.10%             | 2029-10-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| HELIOS TOWERS PLC                                                                | HELIOS TOWERS PLC                                                                                       | CUSIP: N/A<br>LEI: 213800DGC7GS4XCHCU30       | Long             | EC               | CORP              | GB        |     61670 | NS      | $99543.11     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| VIASAT INC                                                                       | VIASAT INC 6.5% 07/15/2028 144A                                                                         | CUSIP: 92552VAN0<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |     25000 | PA      | $22945.89     | 0.05%             | 2028-07-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| OSCAR ACQUISITIONCO LLC                                                          | OLDCASTLE BUILDINGENVELOPE TERM B 1LN 04/29/2029                                                        | CUSIP: 68778DAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     20000 | PA      | $17995.00     | 0.04%             | 2029-04-29      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| DEL MONTE FOODS CORP II INC                                                      | DEL MONTE FOODS TERM 1LN SUPER_PRIORITY FIRST OUT 08/02/2028                                            | CUSIP: 24521WAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      5044 | PA      | $4666.13      | 0.01%             | 2028-08-02      | Variable      | 0.15%                 | No            |                  2 | On Loan: No      |
| SEASPAN CORPORATION                                                              | SEASPAN CORPORATION 5.5% 08/01/2029 144A                                                                | CUSIP: 81254UAK2<br>LEI: 5493007Z8Q1H45KT7W98 | Long             | DBT              | CORP              | MH        |     30000 | PA      | $27668.26     | 0.06%             | 2029-08-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CNX MIDSTREAM PARTNERS LP                                                        | CNX MIDSTREAM PARTNERS LP 4.75% 04/15/2030 144A                                                         | CUSIP: 12654AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    213000 | PA      | $197452.70    | 0.41%             | 2030-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY OPERATING PARTNERS LP                                             | NEXTERA ENERGY OPERATING PARTNERS LP 8.375% 01/15/2031 144A                                             | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     76000 | PA      | $79366.42     | 0.16%             | 2031-01-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| CORE SCIENTIFIC INC                                                              | CORE SCIENTIFIC INC CONV 0% 06/15/2031 144A                                                             | CUSIP: 21874AAE6<br>LEI: 5299003RGB2LAZ65RK73 | Long             | DBT              | CORP              | US        |     95000 | PA      | $88350.00     | 0.18%             | 2031-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CCO HLDGS CAP CORP                                                 | CCO HLDGS LLC/CAP CORP 5.125% 05/01/2027 144A                                                           | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $158349.36    | 0.33%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                                                              | US LBM TERM B 1LN 06/06/2031                                                                            | CUSIP: 50179JAH1<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |     44874 | PA      | $40178.72     | 0.08%             | 2031-06-06      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| NEW FORTRESS                                                                     | NEW FORTRESS 12% 11/15/2029 144A                                                                        | CUSIP: 62909BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     71216 | PA      | $30553.71     | 0.06%             | 2029-11-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                                 | CSC HOLDINGS LLC 3.375% 02/15/2031 144A                                                                 | CUSIP: 126307BF3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    291000 | PA      | $190605.00    | 0.40%             | 2031-02-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                                                     | NOVELIS CORP 3.25% 11/15/2026 144A                                                                      | CUSIP: 670001AG1<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |     12000 | PA      | $11770.55     | 0.02%             | 2026-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                                                                       | TEREX CORP NEW 6.25% 10/15/2032 144A                                                                    | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |    287000 | PA      | $282234.08    | 0.59%             | 2032-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                                    | ECHOSTAR CORP 10.75% 11/30/2029                                                                         | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |     46147 | PA      | $46377.74     | 0.10%             | 2029-11-30      | Fixed         | 0.11%                 | No            |                  2 | On Loan: No      |
| BCPE ULYSSES INTERMEDIATE INC                                                    | BCPE ULYSSES INTERMEDIATE INC PIK VAR 04/01/2027 144A                                                   | CUSIP: 05553LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     77000 | PA      | $73157.62     | 0.15%             | 2027-04-01      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                                              | NOVA CHEMICALS CORP 4.25% 05/15/2029 144A                                                               | CUSIP: 66977WAS8<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |    304000 | PA      | $290634.49    | 0.60%             | 2029-05-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                               | ALLY FINL INC 5.75% 11/20/2025                                                                          | CUSIP: 02005NBF6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    251000 | PA      | $251428.17    | 0.52%             | 2025-11-20      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS LLC / SAFEWAY INC / NEW ALBERTSONS INC / ALBERTSONS LLC           | ALBERTSONS COS LLC / SAFEWAY INC / NEW ALBERTSONS INC / ALBERTSONS LLC 4.875% 02/15/2030 144A           | CUSIP: 013092AE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    167000 | PA      | $162449.48    | 0.34%             | 2030-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                             | ONEMAIN FINANCE CORP 3.5% 01/15/2027                                                                    | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     18000 | PA      | $17440.06     | 0.04%             | 2027-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                                         | BUILDERS FIRSTSOURCE INC 6.75% 05/15/2035 144A                                                          | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    115000 | PA      | $115654.35    | 0.24%             | 2035-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                                    | DISH DBS CORP 7.375% 07/01/2028                                                                         | CUSIP: 25470XBB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $17170.96     | 0.04%             | 2028-07-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| SUNNOVA ENERGY CORP                                                              | SUNNOVA ENERGY CORP 5.875% 09/01/2026 144A                                                              | CUSIP: 86745GAF0<br>LEI: 549300TH3GCD8YQUDR46 | Long             | DBT              | CORP              | US        |    224000 | PA      | $66640.00     | 0.14%             | 2026-09-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| REDFIN CORPORATION                                                               | REDFIN CORP CONV 0.5% 04/01/2027                                                                        | CUSIP: 75737FAE8<br>LEI: 549300HXWD3JEMZU3O57 | Long             | DBT              | CORP              | US        |    151000 | PA      | $134208.80    | 0.28%             | 2027-04-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FINANCE SA                                                   | CONSOLIDATED ENERGY FINANCE SA 5.625% 10/15/2028 144A                                                   | CUSIP: 20914UAF3<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |     11000 | PA      | $8880.77      | 0.02%             | 2028-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CANO HEALTH LLC                                                                  | CANO HEALTH LLC                                                                                         | CUSIP: N/A<br>LEI: 254900OGI2T8V1NXN639       | Long             | EC               | CORP              | US        |       981 | NS      | $12390.03     | 0.03%             |  |  |  | No            |                  3 | On Loan: No      |
| AMER SPORTS CO                                                                   | AMER SPORTS CO 6.75% 02/16/2031 144A                                                                    | CUSIP: 02352NAA7<br>LEI: 549300NRKH9WF70VFC95 | Long             | DBT              | CORP              | US        |    178000 | PA      | $185069.34    | 0.38%             | 2031-02-16      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                                               | CLEAR CHANNEL OUTDOOR HOLDINGS INC 9% 09/15/2028 144A                                                   | CUSIP: 18453HAE6<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    433000 | PA      | $453497.35    | 0.94%             | 2028-09-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPERATING CO LLC / GD FINANCE CO INC                                    | GO DADDY OPERATING CO LLC / GD FINANCE CO INC 3.5% 03/01/2029 144A                                      | CUSIP: 38016LAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    551000 | PA      | $514330.07    | 1.07%             | 2029-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS L P / ARCHROCK PARTNERS FIN CORP                               | ARCHROCK PARTNERS LP / FIN CORP 6.625% 09/01/2032 144A                                                  | CUSIP: 03959KAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     59000 | PA      | $59310.34     | 0.12%             | 2032-09-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                                                       | CARVANA CO 4.875% 09/01/2029 144A                                                                       | CUSIP: 146869AH5<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |     25000 | PA      | $22250.00     | 0.05%             | 2029-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                                      | ROYAL CARIBBEAN CRUISES LTD 5.625% 09/30/2031 144A                                                      | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    190000 | PA      | $187793.33    | 0.39%             | 2031-09-30      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CLUE OPCO LLC                                                                    | CLUE OPCO LLC 9.5% 10/15/2031 144A                                                                      | CUSIP: 36267QAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     27000 | PA      | $27798.36     | 0.06%             | 2031-10-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| ALTICE FING SA                                                                   | ALTICE FING SA 5.75% 08/15/2029 144A                                                                    | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    195000 | PA      | $149046.83    | 0.31%             | 2029-08-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CHS/CMNTY HEALTH SYSTEMS INC                                                     | CHS/CMNTY HEALTH SYSTEMS INC 5.25% 05/15/2030 144A                                                      | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    252000 | PA      | $226937.56    | 0.47%             | 2030-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                    | TRANSDIGM INC 6.375% 03/01/2029 144A                                                                    | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28456.32     | 0.06%             | 2029-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BRAND INDUSTRIAL SERVICES INC                                                    | BRANDSAFWAY TERM B 1LN 08/01/2030                                                                       | CUSIP: 10524MAS6<br>LEI: 549300B658W2BPDQMW42 | Long             | LON              | CORP              | US        |     19887 | PA      | $16531.09     | 0.03%             | 2030-08-01      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                                                               | SEAGATE HDD CAYMAN 5.75% 12/01/2034                                                                     | CUSIP: 81180WAN1<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |     96000 | PA      | $94253.41     | 0.20%             | 2034-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PG and E CORP                                                                    | PG and E CORP 7.375%/VAR 03/15/2055                                                                     | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |     93000 | PA      | $91067.00     | 0.19%             | 2055-03-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                                                  | GEN DIGITAL INC 6.25% 04/01/2033 144A                                                                   | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65721.70     | 0.14%             | 2033-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| RIVIAN HOLDCO and RIVIAN LLC and RIVIAN AUTOMOTIVE LLC                           | RIVIAN HOLDCO and RIVIAN LLC and RIVIAN AUTOMOTIVE LLC FRN TSFR6M+605.326 10/15/2026 144A               | CUSIP: 76954LAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    137000 | PA      | $137685.00    | 0.29%             | 2026-10-15      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                                           | WESCO DISTRIBUTION INC 6.375% 03/15/2033 144A                                                           | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71299.41     | 0.15%             | 2033-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| OWENS and MINOR INC                                                              | OWENS and MINOR INC 10% 04/15/2030 144A                                                                 | CUSIP: 690732AH5<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |     77000 | PA      | $80425.27     | 0.17%             | 2030-04-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                                     | UNIVISION COMMUNICATIONS INC 7.375% 06/30/2030 144A                                                     | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    151000 | PA      | $141165.37    | 0.29%             | 2030-06-30      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                                                       | CARVANA CO 5.625% 10/01/2025 144A                                                                       | CUSIP: 146869AB8<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    110000 | PA      | $109333.64    | 0.23%             | 2025-10-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                                | NEWELL BRANDS INC STEP 04/01/2046                                                                       | CUSIP: 651229AY2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    157000 | PA      | $127653.40    | 0.27%             | 2046-04-01      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| LIQUID TELECOMMUNICATIONS FINANCING PLC                                          | LIQUID TELECOMMUNICATIONS FINANCING PLC 5.5% 09/04/2026 144A                                            | CUSIP: 536333AB3<br>LEI: 635400MXAVJRJJCWVI87 | Long             | DBT              | CORP              | GB        |    137000 | PA      | $115807.47    | 0.24%             | 2026-09-04      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSHIP LP / MPT FIN CORP                                           | MPT OPER PARTNERSHIP LP/CORP 8.5% 02/15/2032 144A                                                       | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    108000 | PA      | $110704.75    | 0.23%             | 2032-02-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| VTR FINANCE BV                                                                   | VTR FINANCE BV 6.375% 07/15/2028 144A                                                                   | CUSIP: 918374AA7<br>LEI: 213800F4XI4RJB82XM19 | Long             | DBT              | CORP              | NL        |     95000 | PA      | $90576.56     | 0.19%             | 2028-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                            | LEVEL 3 FINANCING INC 3.75% 07/15/2029 144A                                                             | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    147000 | PA      | $120638.49    | 0.25%             | 2029-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PG and E CORP                                                                    | PG and E CORP 5.25% 07/01/2030                                                                          | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    479000 | PA      | $464755.26    | 0.97%             | 2030-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AT HOME GROUP INC                                                                | AT HOME GROUP INC 4.875% 07/15/2028 144A                                                                | CUSIP: 04650YAA8<br>LEI: 549300LGPR0P05O30I24 | Long             | DBT              | CORP              | US        |     14000 | PA      | $3605.00      | 0.01%             | 2028-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| C and W SENIOR FINANCE LTD                                                       | C and W SENIOR FINANCE LTD 9% 01/15/2033 144A                                                           | CUSIP: 12665MAA0<br>LEI: 213800CG16G1YMJRCG10 | Long             | DBT              | CORP              | KY        |    170000 | PA      | $169180.23    | 0.35%             | 2033-01-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                             | ONEMAIN FINANCE CORP 7.125% 11/15/2031                                                                  | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     39000 | PA      | $39590.15     | 0.08%             | 2031-11-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| UNITED PF HOLDINGS LLC                                                           | UNITED PLANET FITNESS TERM B 1LN 12/30/2026                                                             | CUSIP: 91132UAK9<br>LEI: 2549002AF6PASVP2G486 | Long             | LON              | CORP              | US        |      9948 | PA      | $9624.61      | 0.02%             | 2026-12-30      | Variable      | 0.13%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CCO HLDGS CAP CORP                                                 | CCO HLDGS LLC/CAP CORP 4.75% 02/01/2032 144A                                                            | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    431000 | PA      | $398985.88    | 0.83%             | 2032-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DCERT BUYER INC                                                                  | DIGICERT TERM B 2LN 02/19/2029                                                                          | CUSIP: 24022KAJ8<br>LEI: 549300EF826JEEUCHZ67 | Long             | LON              | CORP              | US        |     30000 | PA      | $25875.00     | 0.05%             | 2029-02-19      | Variable      | 0.11%                 | No            |                  2 | On Loan: No      |
| KOBE US MIDCO 2 INC                                                              | KOBE US MIDCO 2 INC PIK VAR 11/01/2026 144A                                                             | CUSIP: 499894AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    116183 | PA      | $102967.18    | 0.21%             | 2026-11-01      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| TULLOW OIL PLC                                                                   | TULLOW OIL PLC 10.25% 05/15/2026 144A                                                                   | CUSIP: 899415AG8<br>LEI: 2138003EYHWO75RKS857 | Long             | DBT              | CORP              | GB        |    110000 | PA      | $95161.00     | 0.20%             | 2026-05-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| RAND PARENT LLC                                                                  | RAND PARENT LLC 8.5% 02/15/2030 144A                                                                    | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    187000 | PA      | $184267.01    | 0.38%             | 2030-02-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                                            | VENTURE GLOBAL PLAQUE 7.75% 05/01/2035 144A                                                             | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     45000 | PA      | $47387.07     | 0.10%             | 2035-05-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| REWORLD HLDG CORP                                                                | REWORLD HLDG CORP 4.875% 12/01/2029 144A                                                                | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |    625000 | PA      | $591771.06    | 1.23%             | 2029-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                                                                    | NORDSTROM INC 4.375% 04/01/2030                                                                         | CUSIP: 655664AT7<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |     76000 | PA      | $68570.19     | 0.14%             | 2030-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORPORATION                                             | OLYMPUS WATER US HOLDING CORPORATION 6.25% 10/01/2029 144A                                              | CUSIP: 681639AB6<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    247000 | PA      | $229282.61    | 0.48%             | 2029-10-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MKS INC                                                                          | MKS INC CONV 1.25% 06/01/2030                                                                           | CUSIP: 55306NAB0<br>LEI: 549300KEQATBHAGVF505 | Long             | DBT              | CORP              | US        |     53000 | PA      | $48446.91     | 0.10%             | 2030-06-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                            | LEVEL 3 FINANCING INC 11% 11/15/2029 144A                                                               | CUSIP: 527298BV4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     27698 | PA      | $31421.04     | 0.07%             | 2029-11-15      | Fixed         | 0.11%                 | No            |                  2 | On Loan: No      |
| TRI POINTE HOMES INC                                                             | TRI POINTE HOMES INC 5.25% 06/01/2027                                                                   | CUSIP: 87265HAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     68000 | PA      | $67324.52     | 0.14%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INSIGHT ENTERPRISES INC                                                          | INSIGHT ENTERPRISES INC 6.625% 05/15/2032 144A                                                          | CUSIP: 45765UAC7<br>LEI: 529900S8991TYW6YP792 | Long             | DBT              | CORP              | US        |     34000 | PA      | $34643.79     | 0.07%             | 2032-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                                   | BOMBARDIER INC 6.75% 06/15/2033 144A                                                                    | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     40000 | PA      | $40560.44     | 0.08%             | 2033-06-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| AECOM                                                                            | AECOM 5.125% 03/15/2027                                                                                 | CUSIP: 00774CAB3<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |    211000 | PA      | $210814.95    | 0.44%             | 2027-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| US ACUTE CARE SOLUTIONS                                                          | US ACUTE CARE SOLUTIONS 9.75% 05/15/2029 144A                                                           | CUSIP: 90367UAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $96556.96     | 0.20%             | 2029-05-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE HOLDING SA                                                         | ALTICE FRANCE HOLDING SA 6% 02/15/2028 144A                                                             | CUSIP: 02156TAA2<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |     87000 | PA      | $31683.29     | 0.07%             | 2028-02-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MODIVCARE INC                                                                    | MODIVCARE TERM B 1LN 07/01/2031                                                                         | CUSIP: 60783LAC4<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | LON              | CORP              | US        |     19850 | PA      | $13321.69     | 0.03%             | 2031-07-01      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| TALLGRASS ENERGY PARTNERS LP / TALLGRASS ENERGY FINANCE CORP                     | TALLGRASS ENERGY PARTNERS LP / TALLGRASS ENERGY FINANCE CORP 6% 12/31/2030 144A                         | CUSIP: 87470LAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    521000 | PA      | $499215.01    | 1.04%             | 2030-12-31      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HAH GROUP HOLDING CO LLC                                                         | HAH GROUP HOLDING CO LLC 9.75% 10/01/2031 144A                                                          | CUSIP: 40518JAA7<br>LEI: 254900FFJQHW9R90FL74 | Long             | DBT              | CORP              | US        |     53000 | PA      | $52784.65     | 0.11%             | 2031-10-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                                    | DISH DBS CORP 5.125% 06/01/2029                                                                         | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    146000 | PA      | $95987.04     | 0.20%             | 2029-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HAH GROUP HOLDING CO LLC                                                         | HELP AT HOME TERM 1LN 09/24/2031                                                                        | CUSIP: 40467AAN9<br>LEI: 254900FFJQHW9R90FL74 | Long             | LON              | CORP              | US        |     30000 | PA      | $29357.70     | 0.06%             | 2031-09-24      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                                                 | GGAM FINANCE LTD 8% 06/15/2028 144A                                                                     | CUSIP: 36170JAA4<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    195000 | PA      | $204850.82    | 0.43%             | 2028-06-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATING LLC                                                    | TERRAFORM POWER OPERATING LLC 4.75% 01/15/2030 144A                                                     | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |    471000 | PA      | $443971.85    | 0.92%             | 2030-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                    | TRANSDIGM INC 6% 01/15/2033 144A                                                                        | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     47000 | PA      | $46507.07     | 0.10%             | 2033-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| RACKSPACE FINANCE LLC                                                            | RACKSPACE FINANCE LLC 3.5% 05/15/2028 144A                                                              | CUSIP: 75008WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     12525 | PA      | $4509.00      | 0.01%             | 2028-05-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CAST and CREW PAYROLL LLC                                                        | CAST and CREW TERM B 1LN 12/29/2028                                                                     | CUSIP: 14835JAQ3<br>LEI: 549300XE7OZGFGN5F466 | Long             | LON              | CORP              | US        |     65689 | PA      | $60680.03     | 0.13%             | 2028-12-29      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES                                                               | LUMEN TECHNOLOGIES TERM B2 1LN SUPER_PRIORITY 04/15/2030                                                | CUSIP: 55024EAG0<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |     54962 | PA      | $54359.03     | 0.11%             | 2030-04-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION HOLDINGS INC                                              | CLYDESDALE ACQUISITION HOLDINGS INC 8.75% 04/15/2030 144A                                               | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |     81000 | PA      | $82833.11     | 0.17%             | 2030-04-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                                                          | SENSATA TECHNOLOGIES BV 4% 04/15/2029 144A                                                              | CUSIP: 81725WAK9<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |     51000 | PA      | $47873.77     | 0.10%             | 2029-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                                                      | STAPLES TERM B 1LN 9/4/2029                                                                             | CUSIP: 855031AU4<br>LEI: XQM2JINI1UL7642TU573 | Long             | LON              | CORP              | US        |     94536 | PA      | $84390.84     | 0.18%             | 2029-09-04      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| PBF HLDG CO LLC / PBF FIN CORP                                                   | PBF HLDG CO LLC / PBF FIN CORP 9.875% 03/15/2030 144A                                                   | CUSIP: 69318FAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $57365.02     | 0.12%             | 2030-03-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT HOLDINGS INC                                                           | OPEN TEXT HOLDINGS INC 4.125% 02/15/2030 144A                                                           | CUSIP: 683720AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     59000 | PA      | $55079.49     | 0.11%             | 2030-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                                | POST HLDGS INC 6.25% 02/15/2032 144A                                                                    | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     34000 | PA      | $34568.28     | 0.07%             | 2032-02-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                                                               | SEAGATE HDD CAYMAN 8.25% 12/15/2029                                                                     | CUSIP: 81180WBN0<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |     73000 | PA      | $77813.33     | 0.16%             | 2029-12-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| AMERICAN ROCK SALT CO LLC                                                        | AMERICAN ROCK SALT TERM 1ST OUT TL B 1LN 6/9/2028                                                       | CUSIP: 02932JAT4<br>LEI: 549300FBKBNV4GSVVR46 | Long             | LON              | CORP              | US        |      1838 | PA      | $1837.83      | 0.00%             | 2028-06-09      | Variable      | 0.12%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                                       | DAVITA INC 6.875% 09/01/2032 144A                                                                       | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    135000 | PA      | $137138.66    | 0.28%             | 2032-09-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| FOUNDATION BUILDING MATERIALS INC                                                | FOUNDATION BUILDING MATERIALS TERM 1LN 1/31/2028                                                        | CUSIP: 35039KAB2<br>LEI: 549300ZVE6MONHB01I28 | Long             | LON              | CORP              | US        |     25000 | PA      | $24185.50     | 0.05%             | 2028-01-31      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORPORATION                                                           | FAIR ISAAC CORPORATION 6% 05/15/2033 144A                                                               | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    115000 | PA      | $114782.89    | 0.24%             | 2033-05-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| TALLGRASS ENERGY PARTNERS LP / TALLGRASS ENERGY FINANCE CORP                     | TALLGRASS ENERGY PARTNERS LP / TALLGRASS ENERGY FINANCE CORP 6% 09/01/2031 144A                         | CUSIP: 87470LAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    352000 | PA      | $335466.81    | 0.70%             | 2031-09-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ENPRO INC                                                                        | ENPRO INC 6.125% 06/01/2033 144A                                                                        | CUSIP: 29355XAH0<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55409.06     | 0.12%             | 2033-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC                                         | ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC 4.125% 06/15/2028 144A                                         | CUSIP: 04916WAA2<br>LEI: 549300ITBBGKJ651R879 | Long             | DBT              | CORP              | GB        |    166000 | PA      | $158901.76    | 0.33%             | 2028-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                            | TENET HEALTHCARE CORP 6.125% 06/15/2030                                                                 | CUSIP: 88033GDQ0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90808.11     | 0.19%             | 2030-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| INSULET CORP                                                                     | INSULET CORP 6.5% 04/01/2033 144A                                                                       | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |     22000 | PA      | $22621.63     | 0.05%             | 2033-04-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                                 | SFR TERM B14 1LN 08/15/2028                                                                             | CUSIP: N/A<br>LEI: 5493001ZMCICV4N02J21       | Long             | LON              | CORP              | FR        |     59847 | PA      | $54975.16     | 0.11%             | 2028-08-15      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                                                       | CARVANA CO PIK VAR 06/01/2030 144A                                                                      | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    195847 | PA      | $206527.19    | 0.43%             | 2030-06-01      | Variable      | 0.11%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD                                                       | FIRST QUANTUM MINERALS LTD 8% 03/01/2033 144A                                                           | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    175000 | PA      | $173660.30    | 0.36%             | 2033-03-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                                | IRON MTN INC 4.875% 09/15/2027 144A                                                                     | CUSIP: 46284VAC5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    217000 | PA      | $214428.42    | 0.45%             | 2027-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE LTD                                                      | ENERGEAN ISRAEL FINANCE LTD 5.375% 03/30/2028 144A REGS                                                 | CUSIP: N/A<br>LEI: 98450044QACBL3F8EB03       | Long             | DBT              | CORP              | IL        |     40000 | PA      | $37959.76     | 0.08%             | 2028-03-30      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ELASTIC NV                                                                       | ELASTIC NV 4.125% 07/15/2029 144A                                                                       | CUSIP: 28415LAA1<br>LEI: 2549003I48WHHH937I59 | Long             | DBT              | CORP              | NL        |    112000 | PA      | $105018.98    | 0.22%             | 2029-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HUDBAY MINERALS INC                                                              | HUDBAY MINERALS INC 6.125% 04/01/2029 144A                                                              | CUSIP: 443628AH5<br>LEI: 549300WI524AL577IX21 | Long             | DBT              | CORP              | CA        |    146000 | PA      | $146366.75    | 0.30%             | 2029-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                    | CARNIVAL CORP 5.875% 06/15/2031 144A                                                                    | CUSIP: 143658BZ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     90000 | PA      | $90054.00     | 0.19%             | 2031-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                                            | QUIKRETE HOLDINGS INC 6.75% 03/01/2033 144A                                                             | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86253.41     | 0.18%             | 2033-03-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC / WINDSTREAM ESCROW FINANCE CORP                         | WINDSTREAM SERVICES LLC / WINDSTREAM ESCROW FINANCE CORP 8.25% 10/01/2031 144A                          | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $98870.87     | 0.21%             | 2031-10-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                                      | ROYAL CARIBBEAN CRUISES LTD 6.25% 03/15/2032 144A                                                       | CUSIP: 780153BU5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    172000 | PA      | $174322.00    | 0.36%             | 2032-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                                | POST HLDGS INC 6.375% 03/01/2033 144A                                                                   | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124086.41    | 0.26%             | 2033-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CHAMPIONS FINANCING INC                                                          | CHAMPIONS FINANCING INC 8.75% 02/15/2029 144A                                                           | CUSIP: 15870LAA6<br>LEI: 391200ZDD75EGEUJ7625 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46570.65     | 0.10%             | 2029-02-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY OPERATING PARTNERS LP                                             | NEXTERA ENERGY OPERATING PARTNERS LP 8.625% 03/15/2033 144A                                             | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     55000 | PA      | $57694.73     | 0.12%             | 2033-03-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                                | POST HLDGS INC 4.625% 04/15/2030 144A                                                                   | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94638.14     | 0.20%             | 2030-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ZF NORTH AMER CAP INC                                                            | ZF NORTH AMER CAP INC 6.75% 04/23/2030 144A                                                             | CUSIP: 98877DAF2<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |     49000 | PA      | $46536.72     | 0.10%             | 2030-04-23      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                             | EDISON INTERNATIONAL 7.875%/VAR 06/15/2054                                                              | CUSIP: 281020AZ0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    194000 | PA      | $186651.84    | 0.39%             | 2054-06-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                               | ALLY FINL INC 6.646%/VAR 01/17/2040                                                                     | CUSIP: 02005NBY5<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    243000 | PA      | $233359.84    | 0.48%             | 2040-01-17      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| KOSMOS ENERGY LTD                                                                | KOSMOS ENERGY LTD 7.75% 05/01/2027 144A                                                                 | CUSIP: 500688AF3<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |     46000 | PA      | $39954.68     | 0.08%             | 2027-05-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| MAJORDRIVE HOLDINGS IV LLC                                                       | MAJORDRIVE HOLDINGS IV LLC 6.375% 06/01/2029 144A                                                       | CUSIP: 56085RAA8<br>LEI: 25490044R1FR5N8FIT62 | Long             | DBT              | CORP              | US        |     70000 | PA      | $52731.37     | 0.11%             | 2029-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PG and E CORP                                                                    | PG and E CORP CONV 4.25% 12/01/2027                                                                     | CUSIP: 69331CAL2<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |     42000 | PA      | $43575.00     | 0.09%             | 2027-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                                        | IQVIA INC 5% 10/15/2026 144A                                                                            | CUSIP: 449934AD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |     18000 | PA      | $17941.39     | 0.04%             | 2026-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONSTANT CONTACT INC                                                             | CONSTANT CONTACT INC TERM B 2LN 02/12/2029                                                              | CUSIP: 21031HAE1<br>LEI: 2549000JW50H0AI5B946 | Long             | LON              | CORP              | US        |      6000 | PA      | $4837.50      | 0.01%             | 2029-02-12      | Variable      | 0.12%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                                     | UNIVISION COMMUNICATIONS INC 8.5% 07/31/2031 144A                                                       | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    610000 | PA      | $585698.88    | 1.22%             | 2031-07-31      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                                | NEWELL BRANDS INC 8.5% 06/01/2028 144A                                                                  | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72418.42     | 0.15%             | 2028-06-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| COINBASE GLOBAL INC                                                              | COINBASE GLOBAL INC 3.625% 10/01/2031 144A                                                              | CUSIP: 19260QAD9<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |     30000 | PA      | $26109.63     | 0.05%             | 2031-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                                 | ALTICE USA TERM B6 1LN 01/18/2028                                                                       | CUSIP: 64072UAM4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |     24949 | PA      | $24605.93     | 0.05%             | 2028-01-18      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| CROWN AMERICAS LLC                                                               | CROWN AMERICAS LLC 5.875% 06/01/2033 144A                                                               | CUSIP: 228180AC9<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64557.49     | 0.13%             | 2033-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                            | LEVEL 3 FINANCING INC 3.625% 01/15/2029 144A                                                            | CUSIP: 527298BS1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     20000 | PA      | $16600.00     | 0.03%             | 2029-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                                     | UNIVISION COMMUNICATIONS INC 8% 08/15/2028 144A                                                         | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    148000 | PA      | $148094.72    | 0.31%             | 2028-08-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| WH BORROWER LLC                                                                  | WHP TERM B 1LN 02/20/2032                                                                               | CUSIP: 92942LAG6<br>LEI: 2549009H920CQUE3R944 | Long             | LON              | CORP              | US        |     55000 | PA      | $54467.05     | 0.11%             | 2032-02-20      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AMER INC                                                    | UNITED RENTALS NORTH AMER INC 6.125% 03/15/2034 144A                                                    | CUSIP: 911365BR4<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60816.54     | 0.13%             | 2034-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS IV BV                                    | TEVA PHARMACEUTICAL FINANCE NETHERLANDS IV BV 5.75% 12/01/2030                                          | CUSIP: 881937AA4<br>LEI: 549300GKSD1RG56QRY33 | Long             | DBT              | CORP              | NL        |     40000 | PA      | $40397.90     | 0.08%             | 2030-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CLUBCORP HLDGS INC                                                               | CLUBCORP HLDGS INC 8.5% 09/15/2025 144A                                                                 | CUSIP: 210374AA2<br>LEI: 549300XWSO7KBICXNW37 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29250.00     | 0.06%             | 2025-09-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES LTD                                                            | NABORS INDUSTRIES LTD 7.5% 01/15/2028 144A                                                              | CUSIP: 629571AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     69000 | PA      | $57642.80     | 0.12%             | 2028-01-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| DPL INC                                                                          | DPL INC 4.35% 04/15/2029                                                                                | CUSIP: 233293AQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    643000 | PA      | $618856.85    | 1.29%             | 2029-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI GROUP FINANCE INC / CSL CAPITAL LLC                       | UNITI GROUP LP / UNITI GROUP FINANCE INC / CSL CAPITAL LLC 6.5% 02/15/2029 144A                         | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6000 | PA      | $5657.03      | 0.01%             | 2029-02-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| HUDBAY MINERALS INC                                                              | HUDBAY MINERALS INC 4.5% 04/01/2026 144A                                                                | CUSIP: 443628AJ1<br>LEI: 549300WI524AL577IX21 | Long             | DBT              | CORP              | CA        |     90000 | PA      | $89200.43     | 0.19%             | 2026-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WESTERN DIGITAL CORP                                                             | WESTERN DIGITAL CORP 3.1% 02/01/2032                                                                    | CUSIP: 958102AR6<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |     86000 | PA      | $74241.26     | 0.15%             | 2032-02-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| OCEANEERING INTERNATIONAL INC                                                    | OCEANEERING INTERNATIONAL INC 6% 02/01/2028                                                             | CUSIP: 675232AB8<br>LEI: 549300L6PH74701W0R30 | Long             | DBT              | CORP              | US        |    103000 | PA      | $101612.27    | 0.21%             | 2028-02-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                                | POST HLDGS INC 4.5% 09/15/2031 144A                                                                     | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    203000 | PA      | $185099.24    | 0.38%             | 2031-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                                                      | ASURION TERM B3 2LN 01/31/2028                                                                          | CUSIP: 04649VAZ3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     55000 | PA      | $53006.25     | 0.11%             | 2028-01-31      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                             | EDISON INTERNATIONAL 8.125%/VAR 06/15/2053                                                              | CUSIP: 281020AX5<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98792.61     | 0.21%             | 2053-06-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS L P / ARCHROCK PARTNERS FIN CORP                               | ARCHROCK PARTNERS LP / FIN CORP 6.25% 04/01/2028 144A                                                   | CUSIP: 03959KAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    193000 | PA      | $192686.78    | 0.40%             | 2028-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CHS/CMNTY HEALTH SYSTEMS INC                                                     | CHS/CMNTY HEALTH SYSTEMS INC 6.125% 04/01/2030 144A                                                     | CUSIP: 12543DBL3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     63000 | PA      | $48668.06     | 0.10%             | 2030-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ON SEMICONDUCTOR CORP                                                            | ON SEMICONDUCTOR CORP 3.875% 09/01/2028 144A                                                            | CUSIP: 682189AQ8<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |    230000 | PA      | $219670.38    | 0.46%             | 2028-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                   | NRG ENERGY INC 6.25% 11/01/2034 144A                                                                    | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     86000 | PA      | $86029.14     | 0.18%             | 2034-11-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| VIRIDIEN                                                                         | VIRIDIEN 10% 10/15/2030 144A                                                                            | CUSIP: 12531QAA3<br>LEI: 969500FCVQ5SLAAUJV59 | Long             | DBT              | CORP              | FR        |    218000 | PA      | $205720.32    | 0.43%             | 2030-10-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                    | CARNIVAL CORP 6.125% 02/15/2033 144A                                                                    | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    116000 | PA      | $116312.27    | 0.24%             | 2033-02-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                                                  | GEN DIGITAL INC 7.125% 09/30/2030 144A                                                                  | CUSIP: 668771AL2<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    270000 | PA      | $278690.76    | 0.58%             | 2030-09-30      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                                         | BUILDERS FIRSTSOURCE INC 6.375% 03/01/2034 144A                                                         | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |     26000 | PA      | $25904.61     | 0.05%             | 2034-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| FORESTAR GROUP INC                                                               | FORESTAR GROUP INC 6.5% 03/15/2033 144A                                                                 | CUSIP: 346232AG6<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |     91000 | PA      | $90235.20     | 0.19%             | 2033-03-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| Connect Holding II LLC                                                           | BRIGHTSPEED TERM B-DD 1LN 04/03/2031                                                                    | CUSIP: 20752KAN3<br>LEI: 254900LCX7S2QHYUOI31 | Long             | LON              | CORP              | US        |     46168 | PA      | $42460.44     | 0.09%             | 2031-04-03      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| SIGMA HOLDCO BV                                                                  | SIGMA HOLDCO BV 7.875% 05/15/2026 144A                                                                  | CUSIP: 82660CAA0<br>LEI: 254900RAPCKVT00GAO59 | Long             | DBT              | CORP              | NL        |     57000 | PA      | $56656.53     | 0.12%             | 2026-05-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL USA INC                                                               | MURPHY OIL USA INC 3.75% 02/15/2031 144A                                                                | CUSIP: 626738AF5<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |     28000 | PA      | $25363.20     | 0.05%             | 2031-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                                                      | CHEMOURS CO 4.625% 11/15/2029 144A                                                                      | CUSIP: 163851AH1<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    731000 | PA      | $597968.38    | 1.24%             | 2029-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RADIOLOGY PARTNERS INC                                                           | RADIOLOGY PARTNERS INC PIK VAR 01/31/2029 144A                                                          | CUSIP: 75041VAB0<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |     75589 | PA      | $75966.95     | 0.16%             | 2029-01-31      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                                        | BLOCK INC 6.5% 05/15/2032                                                                               | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    243000 | PA      | $248342.84    | 0.52%             | 2032-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                                    | ECHOSTAR CORP CPIK 3.875% 11/30/2030                                                                    | CUSIP: 278768AB2<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    143056 | PA      | $137301.27    | 0.29%             | 2030-11-30      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SPIRIT AVIATION HOLDINGS INC                                                     | SPIRIT AVIATION HOLDINGS INC (RESTRICTED)                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       267 | NS      | $1599.33      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ECHOSTAR CORP                                                                    | ECHOSTAR CORP PIK VAR 11/30/2030                                                                        | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    144559 | PA      | $124320.74    | 0.26%             | 2030-11-30      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| Fidelity Revere Street Trust                                                     | Fidelity Cash Central Fund                                                                              | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |    813911 | NS      | $814073.95    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX INC                                                                          | WEX INC 6.5% 03/15/2033 144A                                                                            | CUSIP: 96208TAD6<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69233.98     | 0.14%             | 2033-03-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                                       | DAVITA INC 3.75% 02/15/2031 144A                                                                        | CUSIP: 23918KAT5<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    155000 | PA      | $137285.93    | 0.29%             | 2031-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                                | NEWELL BRANDS INC STEP 04/01/2036                                                                       | CUSIP: 651229AX4<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     12000 | PA      | $11028.21     | 0.02%             | 2036-04-01      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES                                                               | LUMEN TECHNOLOGIES 4.125% 04/15/2030 144A                                                               | CUSIP: 550241AC7<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14568.75     | 0.03%             | 2030-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                                                       | CARVANA CO PIK VAR 06/01/2031 144A                                                                      | CUSIP: 146869AM4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    173818 | PA      | $201614.24    | 0.42%             | 2031-06-01      | Variable      | 0.14%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING FINANCE USA LLC/ARDAGH METAL PACKAGING FINANCE PLC        | ARDAGH METAL PACKAGING FINANCE USA LLC/ARDAGH METAL PACKAGING FINANCE PLC 4% 09/01/2029 144A            | CUSIP: 03969YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $221784.45    | 0.46%             | 2029-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST INC                                                      | STARWOOD PPTY TR INC 6% 04/15/2030 144A                                                                 | CUSIP: 85571BBC8<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |     39000 | PA      | $38887.20     | 0.08%             | 2030-04-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                                 | ALTICE FRANCE SA 5.125% 07/15/2029 144A                                                                 | CUSIP: 02156LAF8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    333000 | PA      | $280989.83    | 0.58%             | 2029-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORPORATION                                                            | OPEN TEXT CORPORATION 3.875% 12/01/2029 144A                                                            | CUSIP: 683715AD8<br>LEI: 549300UQROQS42RKHM85 | Long             | DBT              | CORP              | CA        |    208000 | PA      | $193586.29    | 0.40%             | 2029-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL / CONNECT US FINCO LLC                                        | CONNECT FINCO SARL / CONNECT US FINCO LLC 9% 09/15/2029 144A                                            | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     15000 | PA      | $14294.94     | 0.03%             | 2029-09-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| GPD COS INC                                                                      | GPD COS INC 10.125% 04/01/2026 144A                                                                     | CUSIP: 64051NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     44000 | PA      | $42308.50     | 0.09%             | 2026-04-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| GLOBAL PARTNERS LP / GLP FIN CORP                                                | GLOBAL PARTNERS LP / GLP FIN CORP 7% 08/01/2027                                                         | CUSIP: 37954FAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $30073.05     | 0.06%             | 2027-08-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| HEXION INC                                                                       | HEXION TERM 2LN 03/15/2030                                                                              | CUSIP: 42829JAB5<br>LEI: 54930030FZF8HYAEHM46 | Long             | LON              | CORP              | US        |      3529 | PA      | $3389.33      | 0.01%             | 2030-03-15      | Variable      | 0.12%                 | No            |                  2 | On Loan: No      |
| CMG MEDIA CORP                                                                   | COX MEDIA GROUP TERM B2 1LN 06/18/2029                                                                  | CUSIP: 88145LAF1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     69633 | PA      | $65977.14     | 0.14%             | 2029-06-18      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| CMG MEDIA CORP                                                                   | CMG MEDIA CORP 8.875% 06/18/2029 144A                                                                   | CUSIP: 125773AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     44000 | PA      | $40480.00     | 0.08%             | 2029-06-18      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| ADVANCED DRAIN SYS INC DEL                                                       | ADVANCED DRAIN SYS INC DEL 6.375% 06/15/2030 144A                                                       | CUSIP: 00790RAB0<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |     71000 | PA      | $71870.96     | 0.15%             | 2030-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                            | LEVEL 3 FINANCING INC 3.875% 10/15/2030 144A                                                            | CUSIP: 527298CF8<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     82000 | PA      | $69085.00     | 0.14%             | 2030-10-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AMERICAN ROCK SALT CO LLC                                                        | AMERICAN ROCK SALT TERM 1ST OUT DD TL 1LN 6/9/2028                                                      | CUSIP: 02932JAU1<br>LEI: 549300FBKBNV4GSVVR46 | Long             | LON              | CORP              | US        |      1166 | PA      | $1165.95      | 0.00%             | 2028-06-09      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| POLARIS NEWCO LLC                                                                | SOLERA TERM PIK TERM 2LN 06/04/2029                                                                     | CUSIP: N/A<br>LEI: 254900LEPDAG7EDOA064       | Long             | LON              | CORP              | US        |     50000 | PA      | $48047.00     | 0.10%             | 2029-06-04      | Variable      | 0.13%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                                                    | AIRCASTLE LTD 5.25%/VAR PERP 144A                                                                       | CUSIP: 00928QAW1<br>LEI: 549300PNK8AKY3OIKP58 | Long             | EP               | CORP              | BM        |     10000 | PA      | $9930.22      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                                                      | WAYFAIR LLC 7.25% 10/31/2029 144A                                                                       | CUSIP: 94419NAA5<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |    307000 | PA      | $298997.19    | 0.62%             | 2029-10-31      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT HOLDINGS INC                                                           | OPEN TEXT HOLDINGS INC 4.125% 12/01/2031 144A                                                           | CUSIP: 683720AC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     28000 | PA      | $25369.36     | 0.05%             | 2031-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ZIPRECRUITER INC                                                                 | ZIPRECRUITER INC 5% 01/15/2030 144A                                                                     | CUSIP: 98980BAA1<br>LEI: 549300HLOVNNFCY2IV80 | Long             | DBT              | CORP              | US        |    195000 | PA      | $168195.03    | 0.35%             | 2030-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GLOBAL AIRCRAFT LEASING CO LTD                                                   | GLOBAL AIRCRAFT LEASING CO LTD 8.75% 09/01/2027 144A                                                    | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     70000 | PA      | $70786.46     | 0.15%             | 2027-09-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| CALUMET SPECIALTY PRODS PARTNERS LP / CALUMET FIN CORP                           | CALUMET SPEC PROD PRT/FIN CORP 9.75% 07/15/2028 144A                                                    | CUSIP: 131477AW1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $144592.64    | 0.30%             | 2028-07-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                    | CARNIVAL CORP 5.75% 03/15/2030 144A                                                                     | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    101000 | PA      | $101236.92    | 0.21%             | 2030-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS LTD                                                       | ADIENT GLOBAL HOLDINGS LTD 7.5% 02/15/2033 144A                                                         | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    127000 | PA      | $126079.17    | 0.26%             | 2033-02-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOGY PTE LTD                                          | SEAGATE DATA STORAGE TECHNOLOGY PTE LTD 5.875% 07/15/2030 144A                                          | CUSIP: 81180LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |     40000 | PA      | $40076.01     | 0.08%             | 2030-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                            | LEVEL 3 FINANCING INC 10% 10/15/2032 144A                                                               | CUSIP: 527298CK7<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30153.08     | 0.06%             | 2032-10-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                             | ONEMAIN FINANCE CORP 6.625% 05/15/2029                                                                  | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     69000 | PA      | $69769.14     | 0.14%             | 2029-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST INC                                                      | STARWOOD PPTY TR INC 7.25% 04/01/2029 144A                                                              | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |     52000 | PA      | $54057.90     | 0.11%             | 2029-04-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| SPA HOLDINGS 3 OY                                                                | AHLSTROM TERM B 1LN 05/23/2030                                                                          | CUSIP: 78475BAB3<br>LEI: 743700UEY0YM039XN974 | Long             | LON              | CORP              | FI        |     60000 | PA      | $59250.00     | 0.12%             | 2030-05-22      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                                                    | COREWEAVE INC 9.25% 06/01/2030 144A                                                                     | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |     76000 | PA      | $75914.73     | 0.16%             | 2030-06-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| OT MIDCO INC                                                                     | OT MIDCO INC 10% 02/15/2030 144A                                                                        | CUSIP: 68877AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $166624.20    | 0.35%             | 2030-02-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| TOUCAN FINCO LTD/TOUCAN FINCO CAN INC/TOUCAN FINCO US LLC                        | TOUCAN FINCO LTD/TOUCAN FINCO CAN INC/TOUCAN FINCO US LLC 9.5% 05/15/2030 144A                          | CUSIP: 89157UAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    150000 | PA      | $149150.48    | 0.31%             | 2030-05-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CCO HLDGS CAP CORP                                                 | CCO HLDGS LLC/CAP CORP 4.25% 01/15/2034 144A                                                            | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    566000 | PA      | $488589.88    | 1.02%             | 2034-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                                                 | GGAM FINANCE LTD 6.875% 04/15/2029 144A                                                                 | CUSIP: 36170JAD8<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |     28000 | PA      | $28523.32     | 0.06%             | 2029-04-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CCO HLDGS CAP CORP                                                 | CCO HLDGS LLC/CAP CORP 4.75% 03/01/2030 144A                                                            | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    122000 | PA      | $116459.87    | 0.24%             | 2030-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KOHLS CORP                                                                       | KOHLS CORP 4.25% 07/17/2025                                                                             | CUSIP: 500255AU8<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |    108000 | PA      | $107191.64    | 0.22%             | 2025-07-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING CO INC                                                 | HILTON DOMESTIC OPERATING CO INC 5.875% 04/01/2029 144A                                                 | CUSIP: 432833AP6<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     24000 | PA      | $24236.42     | 0.05%             | 2029-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| YUM BRANDS INC                                                                   | YUM BRANDS INC 4.625% 01/31/2032                                                                        | CUSIP: 988498AP6<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    886000 | PA      | $840180.69    | 1.75%             | 2032-01-31      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS LLC / SAFEWAY INC / NEW ALBERTSONS INC / ALBERTSONS LLC           | ALBERTSONS COS LLC / SAFEWAY INC / NEW ALBERTSONS INC / ALBERTSONS LLC 6.25% 03/15/2033 144A            | CUSIP: 01309QAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $45682.97     | 0.09%             | 2033-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                                                   | CVR ENERGY INC 5.75% 02/15/2028 144A                                                                    | CUSIP: 12662PAD0<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |     39000 | PA      | $37128.60     | 0.08%             | 2028-02-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORIES INTERNATIONAL INC                                     | CHARLES RIVER LABS INTL INC 4.25% 05/01/2028 144A                                                       | CUSIP: 159864AE7<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    643000 | PA      | $617603.04    | 1.28%             | 2028-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| OLIN CORP                                                                        | OLIN CORP 6.625% 04/01/2033 144A                                                                        | CUSIP: 680665AN6<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    147000 | PA      | $140703.43    | 0.29%             | 2033-04-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| SPIN HOLDCO INC                                                                  | CSC SERVICEWORKS TERM B 1LN 03/04/2028                                                                  | CUSIP: 84850XAK8<br>LEI: 549300QAS44U2GUXGK45 | Long             | LON              | CORP              | US        |    233568 | PA      | $198873.87    | 0.41%             | 2028-03-04      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE INC                                                                    | COMMSCOPE TERM 1LN 12/17/2029                                                                           | CUSIP: N/A<br>LEI: 549300Z6K4JXMFE8QY54       | Long             | LON              | CORP              | US        |     65000 | PA      | $65559.65     | 0.14%             | 2029-12-17      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                                     | NAVIENT CORP 7.875% 06/15/2032                                                                          | CUSIP: 63938CAQ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55470.25     | 0.12%             | 2032-06-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| MATIV INC                                                                        | MATIV INC 8% 10/01/2029 144A                                                                            | CUSIP: 808541AC0<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |     45000 | PA      | $38390.81     | 0.08%             | 2029-10-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| AMN HEALTHCARE                                                                   | AMN HEALTHCARE 4% 04/15/2029 144A                                                                       | CUSIP: 00175PAC7<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |    180000 | PA      | $165393.32    | 0.34%             | 2029-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ANYWHERE REAL ESTATE GROUP LLC / ANYWHERE CO-ISSUER CORP                         | ANYWHERE REAL ESTATE GROUP LLC / ANYWHERE CO-ISSUER CORP 7% 04/15/2030 144A                             | CUSIP: 75606DAS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     57000 | PA      | $52070.51     | 0.11%             | 2030-04-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                    | TRANSDIGM INC 4.875% 05/01/2029                                                                         | CUSIP: 893647BQ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     80000 | PA      | $77456.13     | 0.16%             | 2029-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATKORE INC                                                                       | ATKORE INC 4.25% 06/01/2031 144A                                                                        | CUSIP: 047649AA6<br>LEI: 52990002TI38AM4RPV48 | Long             | DBT              | CORP              | US        |    114000 | PA      | $103549.06    | 0.22%             | 2031-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST INC                                                      | STARWOOD PPTY TR INC 3.625% 07/15/2026 144A                                                             | CUSIP: 85571BAU9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |     93000 | PA      | $90800.38     | 0.19%             | 2026-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| Connect Holding II LLC                                                           | BRIGHTSPEED TERM B 1LN 10/03/2031                                                                       | CUSIP: 20752KAR4<br>LEI: 254900LCX7S2QHYUOI31 | Long             | LON              | CORP              | US        |     10078 | PA      | $7634.28      | 0.02%             | 2031-10-03      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| NATGASOLINE LLC                                                                  | NATGASOLINE TERM B 1LN 03/29/2030                                                                       | CUSIP: 63232EAD9<br>LEI: 549300OHXDYMQYZOWC24 | Long             | LON              | CORP              | US        |    125915 | PA      | $124341.45    | 0.26%             | 2030-03-29      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTL INC                                                       | GRAPHIC PACKAGING INTL INC 6.375% 07/15/2032 144A                                                       | CUSIP: 38869AAE7<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |     33000 | PA      | $33048.74     | 0.07%             | 2032-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| OWENS and MINOR INC                                                              | OWENS and MINOR INC 4.5% 03/31/2029 144A                                                                | CUSIP: 690732AF9<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |     38000 | PA      | $31058.87     | 0.06%             | 2029-03-31      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                                            | MOLINA HEALTHCARE INC 6.25% 01/15/2033 144A                                                             | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    136000 | PA      | $135780.73    | 0.28%             | 2033-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                                               | HOWARD HUGHES CORP 4.375% 02/01/2031 144A                                                               | CUSIP: 44267DAF4<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    196000 | PA      | $177986.86    | 0.37%             | 2031-02-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CAPSTONE COPPER CORP                                                             | CAPSTONE COPPER CORP 6.75% 03/31/2033 144A                                                              | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $49990.82     | 0.10%             | 2033-03-31      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                             | ONEMAIN FINANCE CORP 9% 01/15/2029                                                                      | CUSIP: 682695AA9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     78000 | PA      | $81749.47     | 0.17%             | 2029-01-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| CROWN AMERS LLC / CROWN AMERS CAP CORP VI                                        | CROWN AMERS LLC / CROWN AMERS CAP CORP VI 4.75% 02/01/2026                                              | CUSIP: 228187AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    189000 | PA      | $188881.91    | 0.39%             | 2026-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICES                                                        | PRIME HEALTHCARE SERVICES 9.375% 09/01/2029 144A                                                        | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $45719.51     | 0.09%             | 2029-09-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| Connect Holding II LLC                                                           | BRIGHTSPEED TERM B-DD 1LN 04/03/2031                                                                    | CUSIP: 20752KAP8<br>LEI: 254900LCX7S2QHYUOI31 | Long             | LON              | CORP              | US        |     58832 | PA      | $54107.01     | 0.11%             | 2031-04-03      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| TGP HOLDINGS III LLC                                                             | TRAEGER GRILLS TERM B 1LN 06/29/2028                                                                    | CUSIP: 87251RAK9<br>LEI: 549300LURVM6CQ1MNO41 | Long             | LON              | CORP              | US        |    142963 | PA      | $125726.08    | 0.26%             | 2028-06-29      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                                                       | VIASAT INC 7.5% 05/30/2031 144A                                                                         | CUSIP: 92552VAR1<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |     30000 | PA      | $23935.00     | 0.05%             | 2031-05-30      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                                | NEWELL BRANDS INC 6.625% 05/15/2032                                                                     | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     41000 | PA      | $37817.79     | 0.08%             | 2032-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                                            | NABORS INDUSTRIES INC 7.375% 05/15/2027 144A                                                            | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |     64000 | PA      | $61443.13     | 0.13%             | 2027-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL AND GAS INC                                                         | NORTHERN OIL AND GAS INC 8.125% 03/01/2028 144A                                                         | CUSIP: 665531AG4<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |     91000 | PA      | $91370.64     | 0.19%             | 2028-03-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                                          | ATI INC 7.25% 08/15/2030                                                                                | CUSIP: 01741RAN2<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |     38000 | PA      | $39791.62     | 0.08%             | 2030-08-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA RESOURCES CORPORATION                                                 | CALIFORNIA RES CORP 8.25% 06/15/2029 144A                                                               | CUSIP: 13057QAK3<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |    128000 | PA      | $128232.06    | 0.27%             | 2029-06-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| MAJORDRIVE HOLDINGS IV LLC                                                       | CLUB CAR TERM 1LN 06/01/2028                                                                            | CUSIP: 56085UAB9<br>LEI: 25490044R1FR5N8FIT62 | Long             | LON              | CORP              | US        |     64870 | PA      | $63046.32     | 0.13%             | 2028-06-01      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| AXIAN TELECOM                                                                    | AXIAN TELECOM 7.375% 02/16/2027 144A                                                                    | CUSIP: 05466AAA1<br>LEI: 984500C6FIA50FZSE337 | Long             | DBT              | CORP              | MU        |     25000 | PA      | $25101.50     | 0.05%             | 2027-02-16      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| RADIOLOGY PARTNERS INC                                                           | RADIOLOGY PARTNERS INC PIK VAR 02/15/2030 144A                                                          | CUSIP: 75041VAC8<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |      5244 | PA      | $5062.90      | 0.01%             | 2030-02-15      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| DCERT BUYER INC                                                                  | DIGICERT TERM 1LN 10/16/2026                                                                            | CUSIP: 24022KAB5<br>LEI: 549300EF826JEEUCHZ67 | Long             | LON              | CORP              | US        |    214541 | PA      | $211489.92    | 0.44%             | 2026-10-16      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST INC                                                      | STARWOOD PPTY TR INC 6.5% 07/01/2030 144A                                                               | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    106000 | PA      | $107504.46    | 0.22%             | 2030-07-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                                 | ALTICE FRANCE SA 5.5% 01/15/2028 144A                                                                   | CUSIP: 02156LAC5<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    110000 | PA      | $94689.43     | 0.20%             | 2028-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| WALKER and DUNLOP INC                                                            | WALKER and DUNLOP INC 6.625% 04/01/2033 144A                                                            | CUSIP: 93148PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $35440.59     | 0.07%             | 2033-04-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| UNITED PF HOLDINGS LLC                                                           | UNITED PLANET FITNESS TERM 1LN 12/30/2026                                                               | CUSIP: 91132UAG8<br>LEI: 2549002AF6PASVP2G486 | Long             | LON              | CORP              | US        |    200699 | PA      | $192771.28    | 0.40%             | 2026-12-30      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| ESDEC SOLAR GROUP BV                                                             | ESDEC SOLAR TERM B 1LN 8/30/2028                                                                        | CUSIP: N/A<br>LEI: 724500UTJRTIU7878U15       | Long             | LON              | CORP              | NL        |     47541 | PA      | $34942.94     | 0.07%             | 2028-08-30      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING CO INC                                                 | HILTON DOMESTIC OPERATING CO INC 3.625% 02/15/2032 144A                                                 | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    621000 | PA      | $552721.09    | 1.15%             | 2032-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC / HAT HOLDINGS II LLC                                         | HAT HOLDINGS I LLC / II LLC 3.375% 06/15/2026 144A                                                      | CUSIP: 418751AE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    198000 | PA      | $192752.43    | 0.40%             | 2026-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CELANESE US HLDGS LLC                                                            | CELANESE US HLDGS LLC 6.75% 04/15/2033                                                                  | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     75000 | PA      | $72996.01     | 0.15%             | 2033-04-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ASCEND LEARNING LLC                                                              | ASCEND LEARNING TERM 2LN 12/10/2029                                                                     | CUSIP: 04349HAM6<br>LEI: 549300T466HKRLVCD610 | Long             | LON              | CORP              | US        |      2351 | PA      | $2331.15      | 0.00%             | 2029-12-10      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                                            | MINERAL RESOURCES LTD 8% 11/01/2027 144A                                                                | CUSIP: 603051AC7<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |     75000 | PA      | $74928.48     | 0.16%             | 2027-11-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| OSCAR ACQUISITIONCO LLC / OSCAR FINANCE INC                                      | OSCAR ACQUISITIONCO LLC / OSCAR FINANCE INC 9.5% 04/15/2030 144A                                        | CUSIP: 687785AB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     54000 | PA      | $43312.36     | 0.09%             | 2030-04-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| PMHC II INC                                                                      | PRINCE TERM 1LN 4/23/2029                                                                               | CUSIP: 69346EAG2<br>LEI: 549300GYZ1T3S8OPH343 | Long             | LON              | CORP              | US        |     50000 | PA      | $43906.50     | 0.09%             | 2029-04-23      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| 1011778 B C UNLIMITED LIABILITY CO / NEW RED FIN INC                             | 1011778 BC ULC/NEW RED FIN INC 5.625% 09/15/2029 144A                                                   | CUSIP: 68245XAT6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     89000 | PA      | $89513.62     | 0.19%             | 2029-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSHIP LP / MPT FIN CORP                                           | MPT OPER PARTNERSHIP LP/CORP 4.625% 08/01/2029                                                          | CUSIP: 55342UAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    146000 | PA      | $110665.49    | 0.23%             | 2029-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                                             | NIELSEN HOLDINGS TERM B 1LN 04/11/2029                                                                  | CUSIP: 64069JAC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |     44772 | PA      | $41791.58     | 0.09%             | 2029-04-11      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                               | ALLY FINL INC 4.7%/VAR PERP                                                                             | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EP               | CORP              | US        |     55000 | PA      | $51962.70     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                             | ONEMAIN FINANCE CORP 7.125% 09/15/2032                                                                  | CUSIP: 682691AK6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45279.97     | 0.09%             | 2032-09-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                                        | SUNOCO LP 6.25% 07/01/2033 144A                                                                         | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    121000 | PA      | $120999.00    | 0.25%             | 2033-07-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                                          | ATI INC 4.875% 10/01/2029                                                                               | CUSIP: 01741RAL6<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    235000 | PA      | $227949.77    | 0.47%             | 2029-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ACRISURE HOLDINGS INC                                                            | ACRISURE HOLDINGS INC SER A-2 PC                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |      3085 | NS      | $74286.80     | 0.15%             |  |  |  | No            |                  3 | On Loan: No      |
| PERFORMANCE FOOD GROUP INC                                                       | PERFORMANCE FOOD GROUP INC 6.125% 09/15/2032 144A                                                       | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |     57000 | PA      | $57458.62     | 0.12%             | 2032-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                                                                  | IHS HOLDING LTD 8.25% 11/29/2031 144A                                                                   | CUSIP: 44963HAD7<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |     20000 | PA      | $19881.20     | 0.04%             | 2031-11-29      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                                               | CLEAR CHANNEL OUTDOOR HOLDINGS INC 7.5% 06/01/2029 144A                                                 | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    167000 | PA      | $147636.35    | 0.31%             | 2029-06-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| WOLFSPEED INC                                                                    | WOLFSPEED INC STEP 06/23/2030 144A                                                                      | CUSIP: 977852AG7<br>LEI: 549300OGU88P3AW3TO93 | Long             | DBT              | CORP              | US        |     55154 | PA      | $53085.87     | 0.11%             | 2030-06-23      | Variable      | 0.08%                 | No            |                  3 | On Loan: No      |
| BOMBARDIER INC                                                                   | BOMBARDIER INC 7.25% 07/01/2031 144A                                                                    | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     38000 | PA      | $39187.54     | 0.08%             | 2031-07-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                                               | CLEAR CHANNEL OUTDOOR HOLDINGS INC 7.875% 04/01/2030 144A                                               | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     71000 | PA      | $71933.01     | 0.15%             | 2030-04-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI GROUP FINANCE INC / CSL CAPITAL LLC                       | UNITI GROUP LP / UNITI GROUP FINANCE INC / CSL CAPITAL LLC 10.5% 02/15/2028 144A                        | CUSIP: 91327TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     89000 | PA      | $94418.23     | 0.20%             | 2028-02-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMMUNITIES INC                                                  | TAYLOR MORRISON COMMUNITIES INC 5.125% 08/01/2030 144A                                                  | CUSIP: 87724RAJ1<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    586000 | PA      | $571357.21    | 1.19%             | 2030-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                                               | CNX RESOURCES CORP 7.25% 03/01/2032 144A                                                                | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112098.58    | 0.23%             | 2032-03-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| HERENS US HOLDCO CORP                                                            | LONZA SPECIALTY INGREDIENTS TERM B 1LN 07/03/2028                                                       | CUSIP: N/A<br>LEI: 549300Y0CIXN5D40L888       | Long             | LON              | CORP              | US        |     99700 | PA      | $94579.53     | 0.20%             | 2028-07-03      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| SPIRIT LOYALTY CAYMAN LTD / SPIRIT IP CAYMAN LTD                                 | SPIRIT LOYALTY CAYMAN LTD / SPIRIT IP CAYMAN LTD PIK VAR 03/06/2030 144A                                | CUSIP: 84859BAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |      6306 | PA      | $4887.15      | 0.01%             | 2030-03-06      | Variable      | 0.11%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI FIBER HOLDINGS INC / CSL CAPITAL LLC                      | UNITI GRP/UNITI HLD/CSL 6% 01/15/2030 144A                                                              | CUSIP: 91327AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    520000 | PA      | $473725.10    | 0.98%             | 2030-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                                                              | RESIDEO FUNDING INC 6.5% 07/15/2032 144A                                                                | CUSIP: 76119LAD3<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |    134000 | PA      | $135102.15    | 0.28%             | 2032-07-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| LEIA FINCO US LLC                                                                | DARKTRACE TERM 2LN 10/9/2032                                                                            | CUSIP: 52526CAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     10000 | PA      | $9745.00      | 0.02%             | 2032-10-09      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| LEVI STRAUSS and CO                                                              | LEVI STRAUSS and CO 3.5% 03/01/2031 144A                                                                | CUSIP: 52736RBJ0<br>LEI: MB0UERO0RDFKU8258G77 | Long             | DBT              | CORP              | US        |     28000 | PA      | $25022.39     | 0.05%             | 2031-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AMERICAN ROCK SALT CO LLC                                                        | AMERICAN ROCK SALT TERM 1LN 6/9/2028                                                                    | CUSIP: 02932JAP2<br>LEI: 549300FBKBNV4GSVVR46 | Long             | LON              | CORP              | US        |      4936 | PA      | $4043.34      | 0.01%             | 2028-06-09      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| APH SOMERSET INVESTOR 2 LLC / APH2 SOMERSET INVESTOR 2 LLC / APH3 SOMERSET INVES | APH SOMERSET INVESTOR 2 LLC / APH2 SOMERSET INVESTOR 2 LLC / APH3 SOMERSET INVES 7.875% 11/01/2029 144A | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $54417.56     | 0.11%             | 2029-11-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING CO INC                                                 | HILTON DOMESTIC OPERATING CO INC 6.125% 04/01/2032 144A                                                 | CUSIP: 432833AQ4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60925.98     | 0.13%             | 2032-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES                                                               | LUMEN TECHNOLOGIES 4.5% 01/15/2029 144A                                                                 | CUSIP: 156700BD7<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |      7000 | PA      | $6195.00      | 0.01%             | 2029-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                                                               | SEAGATE HDD CAYMAN 4.125% 01/15/2031                                                                    | CUSIP: 81180WBD2<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |     40000 | PA      | $37075.65     | 0.08%             | 2031-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                    | TRANSDIGM INC 6.625% 03/01/2032 144A                                                                    | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     32000 | PA      | $32688.16     | 0.07%             | 2032-03-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES                                                               | LUMEN TECHNOLOGIES TERM B1 1LN 4/16/2029                                                                | CUSIP: 55024EAF2<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |     10000 | PA      | $9893.10      | 0.02%             | 2029-04-16      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| GRUBHUB HOLDINGS INC                                                             | GRUBHUB HOLDINGS INC 5.5% 07/01/2027 144A                                                               | CUSIP: 40010PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     52000 | PA      | $47969.97     | 0.10%             | 2027-07-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                                          | UKG INC 6.875% 02/01/2031 144A                                                                          | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |     32000 | PA      | $32972.64     | 0.07%             | 2031-02-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| EMERGENT BIOSOLUTIONS INC                                                        | EMERGENT BIOSOLUTIONS INC 3.875% 08/15/2028 144A                                                        | CUSIP: 29089QAC9<br>LEI: 549300YW6TUOX8BE5103 | Long             | DBT              | CORP              | US        |     66000 | PA      | $49989.72     | 0.10%             | 2028-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                                                      | WAYFAIR LLC 7.75% 09/15/2030 144A                                                                       | CUSIP: 94419NAB3<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |    143000 | PA      | $140104.46    | 0.29%             | 2030-09-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| SPIRIT AVIATION HOLDINGS INC                                                     | SPIRIT AVIATION HOLDINGS INC                                                                            | CUSIP: 84863V101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       247 | NS      | $1479.53      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY                                                          | JETBLUE AIRWAYS/LOYALTY 9.875% 09/20/2031 144A                                                          | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $69241.60     | 0.14%             | 2031-09-20      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                                | POST HLDGS INC 6.25% 10/15/2034 144A                                                                    | CUSIP: 737446AX2<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64205.64     | 0.13%             | 2034-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSHIP LP / MPT FIN CORP                                           | MPT OPER PARTNERSHIP LP/CORP 5% 10/15/2027                                                              | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    348000 | PA      | $303316.80    | 0.63%             | 2027-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP                                                            | ENCOMPASS HEALTH CORP 4.625% 04/01/2031                                                                 | CUSIP: 29261AAE0<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |    167000 | PA      | $159234.52    | 0.33%             | 2031-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| REALOGY GROUP LLC / REALOGY CO-ISSUER CORP                                       | REALOGY GROUP LLC / REALOGY CO-ISSUER CORP 5.75% 01/15/2029 144A                                        | CUSIP: 75606DAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    111000 | PA      | $91021.01     | 0.19%             | 2029-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SALLY HOLDINGS LLC / SALLY CAP INC                                               | SALLY HOLDINGS LLC / CAP INC 6.75% 03/01/2032                                                           | CUSIP: 79546VAQ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     32000 | PA      | $32511.07     | 0.07%             | 2032-03-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                                                      | STAPLES INC 12.75% 01/15/2030 144A                                                                      | CUSIP: 855030AS1<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |    195538 | PA      | $125870.35    | 0.26%             | 2030-01-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| TOPGOLF CALLAWAY BRANDS CORP                                                     | TOPGOLF CALLAWAY BRANDS CORP                                                                            | CUSIP: 131193104<br>LEI: 5493005UB0KFRKBPCU72 | Long             | EC               | CORP              | US        |      1000 | NS      | $6340.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BOMBARDIER INC                                                                   | BOMBARDIER INC 7% 06/01/2032 144A                                                                       | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     13000 | PA      | $13295.30     | 0.03%             | 2032-06-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ON SEMICONDUCTOR CORP                                                            | ON SEMICONDUCTOR CORP CONV 0% 05/01/2027                                                                | CUSIP: 682189AS4<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |     54000 | PA      | $58255.20     | 0.12%             | 2027-05-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR RENT LLC / AVIS BUDGET FINANCE INC                               | AVIS BUDG CAR RENT LLC/FIN INC 8.375% 06/15/2032 144A                                                   | CUSIP: 053773BK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $45338.94     | 0.09%             | 2032-06-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| CANO HEALTH LLC                                                                  | CANO HEALTH LLC WT                                                                                      | CUSIP: N/A<br>LEI: 254900OGI2T8V1NXN639       | Long             | EC               | CORP              | US        |       107 | NS      | $479.36       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CARVANA CO                                                                       | CARVANA CO PIK VAR 12/01/2028 144A                                                                      | CUSIP: 146869AL6<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |     43410 | PA      | $44602.95     | 0.09%             | 2028-12-01      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| GLOBAL PARTNERS LP / GLP FIN CORP                                                | GLOBAL PARTNERS LP / GLP FIN CORP 6.875% 01/15/2029                                                     | CUSIP: 37954FAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    377000 | PA      | $378558.14    | 0.79%             | 2029-01-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CELANESE US HLDGS LLC                                                            | CELANESE US HLDGS LLC 6.5% 04/15/2030                                                                   | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40307.80     | 0.08%             | 2030-04-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| VOLCAN CIA MINERA SAA                                                            | VOLCAN CIA MINERA SAA 8.75% 01/24/2030 144A                                                             | CUSIP: 92863UAC0<br>LEI: 549300XKJ91C4SZLG750 | Long             | DBT              | CORP              | PE        |     70000 | PA      | $67956.00     | 0.14%             | 2030-01-24      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRISES LLC                                                      | SAKS GLOBAL ENTERPRISES LLC CO-OP 11% 12/15/2029 144A                                                   | CUSIP: 79380IAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     84000 | PA      | $40320.00     | 0.08%             | 2029-12-15      | Fixed         | 0.11%                 | No            |                  2 | On Loan: No      |
| CHS/CMNTY HEALTH SYSTEMS INC                                                     | CHS/CMNTY HEALTH SYSTEMS INC 4.75% 02/15/2031 144A                                                      | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    410000 | PA      | $350941.58    | 0.73%             | 2031-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                                                              | LBM ACQUISITION LLC 6.25% 01/15/2029 144A                                                               | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |     40000 | PA      | $32125.18     | 0.07%             | 2029-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTL INC                                                       | GRAPHIC PACKAGING INTL INC 4.75% 07/15/2027 144A                                                        | CUSIP: 38869AAA5<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |     84000 | PA      | $82758.12     | 0.17%             | 2027-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                                 | ALTICE FRANCE SA 5.5% 10/15/2029 144A                                                                   | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |     45000 | PA      | $38231.58     | 0.08%             | 2029-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                                                                  | IHS HOLDING LTD 6.25% 11/29/2028 144A                                                                   | CUSIP: 44963HAB1<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |     26000 | PA      | $25106.25     | 0.05%             | 2028-11-29      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC                                                          | NEW FORTRESS ENERGY TERM B 1LN 10/30/2028                                                               | CUSIP: N/A<br>LEI: 254900EICTYTCHA5X705       | Long             | LON              | CORP              | US        |    220000 | PA      | $119044.20    | 0.25%             | 2028-10-30      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORPORATION                                             | OLYMPUS WATER US HOLDING CORPORATION 9.75% 11/15/2028 144A                                              | CUSIP: 25259KAA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |     89000 | PA      | $93313.47     | 0.19%             | 2028-11-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING BRANDS INC                                                  | CORNERSTONE BUILDING BRANDS INC 6.125% 01/15/2029 144A                                                  | CUSIP: 21925DAA7<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |    317000 | PA      | $230109.29    | 0.48%             | 2029-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                                                                    | UNICREDIT SPA 5.459%/VAR 06/30/2035 144A                                                                | CUSIP: 904678AS8<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |     13000 | PA      | $12715.47     | 0.03%             | 2035-06-30      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST INC                                                      | STARWOOD PPTY TR INC 6.5% 10/15/2030 144A                                                               | CUSIP: 85571BBE4<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    235000 | PA      | $237820.00    | 0.49%             | 2030-10-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| OWENS and MINOR INC                                                              | OWENS and MINOR INC 6.625% 04/01/2030 144A                                                              | CUSIP: 690732AG7<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |    208000 | PA      | $176148.84    | 0.37%             | 2030-04-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD                                                       | FIRST QUANTUM MINERALS LTD 6.875% 10/15/2027 144A                                                       | CUSIP: 335934AT2<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |     11000 | PA      | $10864.70     | 0.02%             | 2027-10-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                   | NRG ENERGY INC 6% 02/01/2033 144A                                                                       | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79275.74     | 0.16%             | 2033-02-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NUMERICABLE US LLC                                                               | NUMERICABLE / ALTICE FRANCE TERM B-13 1LN 08/14/2026                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      9974 | PA      | $8880.39      | 0.02%             | 2026-08-14      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                                        | BLOCK INC 3.5% 06/01/2031                                                                               | CUSIP: 852234AP8<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    455000 | PA      | $411129.81    | 0.85%             | 2031-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                                                 | GGAM FINANCE LTD 8% 02/15/2027 144A                                                                     | CUSIP: 36170JAC0<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    484000 | PA      | $498029.22    | 1.03%             | 2027-02-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                                            | MINERAL RESOURCES LTD 8.125% 05/01/2027 144A                                                            | CUSIP: 603051AA1<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    246000 | PA      | $246188.19    | 0.51%             | 2027-05-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| CEC ENTERTAINMENT LLC                                                            | CEC ENTERTAINMENT LLC 6.75% 05/01/2026 144A                                                             | CUSIP: 125137AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $78699.47     | 0.16%             | 2026-05-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                                                                  | IHS HOLDING LTD 7.875% 05/29/2030 144A                                                                  | CUSIP: 44963HAC9<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |    110000 | PA      | $108487.50    | 0.23%             | 2030-05-29      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| WESTERN DIGITAL CORP                                                             | WESTERN DIGITAL CORP 2.85% 02/01/2029                                                                   | CUSIP: 958102AQ8<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |     70000 | PA      | $63972.83     | 0.13%             | 2029-02-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA BUYER/ATLANTI                                                         | CALIFORNIA BUYER/ATLANTI 6.375% 02/15/2032 144A                                                         | CUSIP: 13005HAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    435000 | PA      | $430117.26    | 0.89%             | 2032-02-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                                                         | ACADIA HEALTHCARE CO INC 7.375% 03/15/2033 144A                                                         | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |     37000 | PA      | $37700.97     | 0.08%             | 2033-03-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer