# EDGAR Filing Document

**Accession Number:** 0001135300
**File Stem:** 0000894189-26-015513
**Filing Date:** 2026-5
**Character Count:** 75645
**Document Hash:** 18f6374142c9ade36b5b5f36bcae3379
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-015513.hdr.sgml**: 20260522

**ACCESSION NUMBER**: 0000894189-26-015513

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260522

**DATE AS OF CHANGE**: 20260522

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BUFFALO FUNDS
- **CENTRAL INDEX KEY:** 0001135300

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10303
- **FILM NUMBER:** 261014429

**BUSINESS ADDRESS:**
- **STREET 1:** KORNITZER CAPITAL MANAGEMENT, INC.
- **STREET 2:** 5420 WEST 61ST PLACE
- **CITY:** SHAWNEE MISSION
- **STATE:** KS
- **ZIP:** 66205
- **BUSINESS PHONE:** 9136777778

**MAIL ADDRESS:**
- **STREET 1:** KORNITZER CAPITAL MANAGEMENT, INC.
- **STREET 2:** 5420 WEST 61ST PLACE
- **CITY:** SHAWNEE MISSION
- **STATE:** KS
- **ZIP:** 66205

## Series and Classes Contracts Data

### Buffalo High Yield Fund (Series ID: S000022451)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000064612 | Investor Class      | BUFHX           |
| C000214592 | Institutional Class | BUIHX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Buffalo Funds

- **b. Investment Company Act file number:** 811-10303

- **c. CIK number of Registrant:** 0001135300

- **d. LEI of Registrant:** 2549004OPHDSAY1EO405

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

  - **Street Address 1:** 5420 West 61st Place

  - **City:** Mission

  - **State:** KS

  - **Foreign country:** US

  - **Zip / Postal Code:** 66205

  - **Telephone number:** 913-677-7778

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

- **a. Name of Series:** Buffalo High Yield Fund

- **b. EDGAR series identifier (if any):** S000022451

- **c. LEI of Series:** 254900EMR51UIYRX1H89

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

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

- **b. Date as of which information is reported:** 2026-03-31

**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:** $669414349.53

**Total Liabilities:** $7408218.94

**Net Assets:** $662006130.59

**Delayed Delivery Securities:** $2000000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 189.479331000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 90659.780171000000 | **1-Year:** 62671.998898000000 | **5-Year:** 18501.510473000000 | **10-Year:** 107.949889000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000064612 | 0.81%                | 0.10%                | -0.99%               |
| Class ID C000214592 | 0.83%                | 0.11%                | -0.98%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-715440.42              | $2850134.17                                |
| Month 2  | $-456820.12              | $-2640541.07                               |
| Month 3  | $224472.78               | $-10708492.95                              |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                               | Title                                                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MRT MID PART/MRT MID FIN                           | Martin Midstream Partners LP / Martin Midstream Finance Corp             | CUSIP: 573334AK5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4098760.00   | 0.62%             | 2028-02-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| ONESKY FLIGHT LLC                                  | OneSky Flight LLC                                                        | CUSIP: 68278CAA3<br>LEI: 549300PM6NEPXGG5B882 | Long             | DBT              | CORP              | US        |   5250000 | PA      | $5422079.25   | 0.82%             | 2029-12-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| PRIMO / TRITON WATER HLD                           | Primo Water Holdings Inc / Triton Water Holdings Inc                     | CUSIP: 74168RAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1944694.94   | 0.29%             | 2029-04-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| QXO INC                                            | QXO Inc                                                                  | CUSIP: 82846H504<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     30000 | NS      | $1649700.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| M2S GROUP INTERMEDIATE H                           | M2S Group Intermediate Holdings Inc                                      | CUSIP: 55287CAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6380460 | PA      | $6247554.79   | 0.94%             | 2031-08-27      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA RESOURCES CRP                           | California Resources Corp                                                | CUSIP: 13057QAK3<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |   3666000 | PA      | $3836886.92   | 0.58%             | 2029-06-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| EMBECTA CORP                                       | Embecta Corp                                                             | CUSIP: 29082KAB1<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2814003.39   | 0.43%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GEO GROUP INC/THE                                  | GEO Group Inc/The                                                        | CUSIP: 36162JAH9<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6396477.48   | 0.97%             | 2031-04-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                              | Genesis Energy LP / Genesis Energy Finance Corp                          | CUSIP: 37185LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $516921.50    | 0.08%             | 2033-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                           | Performance Food Group Inc                                               | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $961336.00    | 0.15%             | 2029-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| STONEX GROUP INC                                   | StoneX Group Inc                                                         | CUSIP: 861896AA6<br>LEI: 549300JUF07L8VF02M60 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2076686.00   | 0.31%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SUMMIT MIDSTREAM HOLDING                           | Summit Midstream Holdings LLC                                            | CUSIP: 86614JAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2674331.40   | 0.40%             | 2029-10-31      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| DYE & DURHAM CORP                                  | Dye & Durham Corp                                                        | CUSIP: N/A<br>LEI: 549300XUQDPIC5QRY347       | Long             | LON              | CORP              | CA        |   2554816 | PA      | $2174787.21   | 0.33%             | 2031-04-14      | Floating      | 8.35%                 | No            |                  2 | On Loan: No      |
| GLOVES BUYER INC                                   | Gloves Buyer Inc                                                         | CUSIP: 37987UAG7<br>LEI: 54930015O0Y94T5H8Z18 | Long             | LON              | CORP              | US        |   7980000 | PA      | $7967032.50   | 1.20%             | 2032-05-24      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| ASURION LLC/ASURION CO                             | Asurion LLC/ Asurion Co-Issuer Inc                                       | CUSIP: 045941AA9<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |   7250000 | PA      | $7515150.26   | 1.14%             | 2032-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO                            | Beach Acquisition Bidco LLC                                              | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |   5797267 | PA      | $6170831.29   | 0.93%             | 2033-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| BELLRING BRANDS INC                                | BellRing Brands Inc                                                      | CUSIP: 07831CAA1<br>LEI: 549300S3BOK5CMTS8054 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3002073.00   | 0.45%             | 2030-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                           | Burford Capital Global Finance LLC                                       | CUSIP: 12116LAC3<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $3977257.50   | 0.60%             | 2030-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                           | Burford Capital Global Finance LLC                                       | CUSIP: 12116LAE9<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $6777712.50   | 1.02%             | 2031-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                           | Celanese US Holdings LLC                                                 | CUSIP: 15089QBC7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    500000 | PA      | $513690.00    | 0.08%             | 2031-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CLUE OPCO LLC                                      | Clue Opco LLC                                                            | CUSIP: 36267QAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $969711.00    | 0.15%             | 2031-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| TEAM SERVICES HLDG INC                             | TEAM Services Holding Inc                                                | CUSIP: 87821TAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3920918.76   | 0.59%             | 2033-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                            | Teva Pharmaceutical Finance Netherlands III BV                           | CUSIP: 88167AAK7<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   4000000 | PA      | $4096916.00   | 0.62%             | 2028-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                      | TransDigm Inc                                                            | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $983052.20    | 0.15%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UNITED NATURAL FOODS INC                           | United Natural Foods Inc                                                 | CUSIP: 911163AA1<br>LEI: 549300GKGW6WPZ282D40 | Long             | DBT              | CORP              | US        |   1924000 | PA      | $1926835.98   | 0.29%             | 2028-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PROMETRIC HOLDINGS INC                             | Prometric Holdings Inc                                                   | CUSIP: 80358TAG1<br>LEI: 54930034OH1XQT27TX40 | Long             | LON              | CORP              | US        |   3497500 | PA      | $3486570.31   | 0.53%             | 2032-06-25      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| ALLIANCE RES OP/FINANCE                            | Alliance Resource Operating Partners LP / Alliance Resource Finance Corp | CUSIP: 01879NAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1039629.00   | 0.16%             | 2029-06-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| ARRAY TECHNOLOGIES INC                             | Array Technologies Inc                                                   | CUSIP: 04271TAB6<br>LEI: 549300JM5FECYJQ85V37 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1362000.00   | 0.21%             | 2028-12-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| CPI CG INC                                         | CPI CG Inc                                                               | CUSIP: 12598FAC3<br>LEI: 254900H3R50WH1B1LB48 | Long             | DBT              | CORP              | US        |   1858000 | PA      | $1962428.89   | 0.30%             | 2029-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                             | EquipmentShare.com Inc                                                   | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1549228.50   | 0.23%             | 2033-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FNZ USA FINCO                                      | FNZ USA FinCo LLC                                                        | CUSIP: 30339HAD3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3960025 | PA      | $3166178.69   | 0.48%             | 2031-11-05      | Floating      | 8.66%                 | No            |                  2 | On Loan: No      |
| RR DONNELLEY & SONS CO                             | RR Donnelley & Sons Co                                                   | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8103344.00   | 1.22%             | 2029-08-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                           | Encore Capital Group Inc                                                 | CUSIP: 292554AR3<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1322096.25   | 0.20%             | 2030-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                             | EquipmentShare.com Inc                                                   | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1879882.20   | 0.28%             | 2032-05-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| FIVE POINT OPERATING CO                            | Five Point Operating Co LP                                               | CUSIP: 33834YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3994248.80   | 0.60%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                              | Freedom Mortgage Holdings LLC                                            | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5907543.00   | 0.89%             | 2032-04-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                              | Freedom Mortgage Holdings LLC                                            | CUSIP: 35641AAE8<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    500000 | PA      | $467988.85    | 0.07%             | 2031-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                     | Gray Media Inc                                                           | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $738296.91    | 0.11%             | 2031-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                     | Gray Media Inc                                                           | CUSIP: 389375AL0<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    500000 | PA      | $386406.00    | 0.06%             | 2030-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| IIP OPERATING PARTNER                              | IIP Operating Partnership LP                                             | CUSIP: 44988FAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2963661.81   | 0.45%             | 2026-05-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                            | Crescent Energy Finance LLC                                              | CUSIP: 45344LAE3<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6002657.40   | 0.91%             | 2033-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                           | Outfront Media Capital LLC / Outfront Media Capital Corp                 | CUSIP: 69007TAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $965285.70    | 0.15%             | 2030-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                      | PRA Group Inc                                                            | CUSIP: 69354NAF3<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |   5750000 | PA      | $5811664.96   | 0.88%             | 2030-01-31      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC/PETSMART FI                           | PetSmart LLC / PetSmart Finance Corp                                     | CUSIP: 71677KAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3016657.20   | 0.46%             | 2032-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| STONEX ESCROW ISSUER LLC                           | Stonex Escrow Issuer LLC                                                 | CUSIP: 86189AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $505323.00    | 0.08%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                        | Vistra Corp                                                              | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | EP               | CORP              | US        |   3500000 | PA      | $3520433.00   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| EMBECTA CORP                                       | Embecta Corp                                                             | CUSIP: 29081LAC8<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | LON              | CORP              | US        |   4238646 | PA      | $4245724.80   | 0.64%             | 2029-04-02      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                    | Star Parent Inc                                                          | CUSIP: 87169DAB1<br>LEI: 254900GRGCJYRMDRWT73 | Long             | LON              | CORP              | US        |   2947500 | PA      | $2918290.28   | 0.44%             | 2030-09-30      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| ENDO FINANCE HOLDINGS LP                           | Endo Finance Holdings LP                                                 | CUSIP: 29280UAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   9875000 | PA      | $9837968.75   | 1.49%             | 2031-04-23      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| FLYNN RESTAURANT GROUP                             | Flynn Restaurant Group LP                                                | CUSIP: 34410JAG6<br>LEI: 5493008VE8TQONGO3817 | Long             | LON              | CORP              | US        |   5970000 | PA      | $5877256.05   | 0.89%             | 2032-01-28      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Digicel International Finance T/L B (07/25)        | Digicel International Finance T/L B (07/25)                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2000000 | PA      | $2002500.00   | 0.30%             | 2032-07-30      | Floating      | 9.02%                 | No            |                  2 | On Loan: No      |
| OAK-EAGLE ACQUIRECO INC                            | OAK-Eagle Acquireco Inc                                                  | CUSIP: 67123SAB5<br>LEI: 6488ICS9P20290MA1H31 | Long             | LON              | CORP              | US        |   1000000 | PA      | $995000.00    | 0.15%             | 2033-03-24      | Floating      | 7.21%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                             | Acrisure LLC / Acrisure Finance Inc                                      | CUSIP: 00489LAM5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1978144.60   | 0.30%             | 2029-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE                             | Ardonagh Group Finance Ltd                                               | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |  12000000 | PA      | $11718151.20  | 1.77%             | 2032-02-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                      | Boeing Co/The                                                            | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |     90000 | NS      | $5839200.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CALIFORNIA RESOURCES CRP                           | California Resources Corp                                                | CUSIP: 13057QAL1<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6052308.90   | 0.91%             | 2034-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CALUMET SPECIALTY PROD                             | Calumet Specialty Products Partners LP / Calumet Finance Corp            | CUSIP: 131477BA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3719712.92   | 0.56%             | 2031-02-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| CERDIA FINANZ GMBH                                 | Cerdia Finanz GmbH                                                       | CUSIP: 15679GAC6<br>LEI: 391200KURNDJSX9GX570 | Long             | DBT              | CORP              | DE        |   7000000 | PA      | $6968710.00   | 1.05%             | 2031-10-03      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| DOTDASH MEREDITH INC                               | Dotdash Meredith Inc                                                     | CUSIP: 25849JAA8<br>LEI: 549300R2AA7U9CJUQO13 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2770440.00   | 0.42%             | 2032-06-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                           | Encore Capital Group Inc                                                 | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4190000.00   | 0.63%             | 2029-04-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                              | Freedom Mortgage Holdings LLC                                            | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   5250000 | PA      | $5343843.75   | 0.81%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ANYWHERE RE GRP/REALOGY                            | Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp                  | CUSIP: 75606DAV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3717651.00   | 0.56%             | 2030-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC                                       | Acrisure LLC                                                             | CUSIP: 00488PAV7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |   3950100 | PA      | $3834559.58   | 0.58%             | 2030-11-06      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| EMERALD EXPO HOLDINGS INC                          | Emerald X Inc                                                            | CUSIP: 29088UAH0<br>LEI: 549300YQCBSQUCZ74696 | Long             | LON              | CORP              | US        |   5472500 | PA      | $5490750.79   | 0.83%             | 2032-01-30      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                           | Univision Communications Inc                                             | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4631467.50   | 0.70%             | 2032-08-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                           | Service Properties Trust                                                 | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3133725.00   | 0.47%             | 2031-11-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                      | TransDigm Inc                                                            | CUSIP: 893647BQ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $985949.88    | 0.15%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                      | TransDigm Inc                                                            | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    500000 | PA      | $506867.50    | 0.08%             | 2034-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TREEHOUSE FOODS INC                                | TreeHouse Foods Inc                                                      | CUSIP: 89468XAX3<br>LEI: 5493007M7EVHE470Q576 | Long             | LON              | CORP              | US        |   4000000 | PA      | $3986680.00   | 0.60%             | 2033-02-04      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| SCRIPPS ESCROW II INC                              | Scripps Escrow II Inc                                                    | CUSIP: 81105DAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1475983.80   | 0.22%             | 2031-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PROVIDENT FDG/PFG FIN                              | Provident Funding Associates LP / PFG Finance Corp                       | CUSIP: 74387UAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8196656.00   | 1.24%             | 2029-09-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| SATURN OIL & GAS INC                               | Saturn Oil & Gas Inc                                                     | CUSIP: 80412LAA5<br>LEI: 549300G6BWJ7K6PIIY73 | Long             | DBT              | CORP              | CA        |  10369000 | PA      | $10856622.96  | 1.64%             | 2029-06-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| ASURION LLC/ASURION CO                             | Asurion LLC/ Asurion Co-Issuer Inc                                       | CUSIP: 045941AB7<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6302355.80   | 0.95%             | 2034-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                            | Avis Budget Car Rental LLC / Avis Budget Finance Inc                     | CUSIP: 053773BJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4026880.00   | 0.61%             | 2030-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BLUELINX HOLDING                                   | BlueLinx Holdings Inc                                                    | CUSIP: 09624HAA7<br>LEI: 549300YSX7GU28F5I540 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2907231.00   | 0.44%             | 2029-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                           | Builders FirstSource Inc                                                 | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $921749.20    | 0.14%             | 2032-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                           | Burford Capital Global Finance LLC                                       | CUSIP: 12116LAG4<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1672420.00   | 0.25%             | 2033-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                           | Celanese US Holdings LLC                                                 | CUSIP: 15089QBD5<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2562620.00   | 0.39%             | 2034-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CORECIVIC INC                                      | CoreCivic Inc                                                            | CUSIP: 21871NAC5<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4178184.00   | 0.63%             | 2029-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANC                                   | Credit Acceptance Corp                                                   | CUSIP: 225310AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2074778.00   | 0.31%             | 2028-12-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                              | Genesis Energy LP / Genesis Energy Finance Corp                          | CUSIP: 37185LAN2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6791268.12   | 1.03%             | 2030-04-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| GETTY IMAGES INC                                   | Getty Images Inc                                                         | CUSIP: 374276AR4<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $897782.50    | 0.14%             | 2030-11-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                     | Gray Media Inc                                                           | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1913268.64   | 0.29%             | 2029-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                              | Hightower Holding LLC                                                    | CUSIP: 43118DAB6<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4608976.50   | 0.70%             | 2030-01-31      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| KALVISTA PHARMA INC                                | KalVista Pharmaceuticals Inc                                             | CUSIP: 483497AA1<br>LEI: 529900Q7IDA3WUGRZA51 | Long             | DBT              | CORP              | US        |   1190000 | PA      | $1758939.00   | 0.27%             | 2031-10-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| TKC HOLDINGS INC                                   | TKC Holdings Inc                                                         | CUSIP: 87256YAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7061811.68   | 1.07%             | 2030-08-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TALOS PRODUCTION INC                               | Talos Production Inc                                                     | CUSIP: 87485LAE4<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2120098.00   | 0.32%             | 2031-02-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                      | TransDigm Inc                                                            | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1990167.20   | 0.30%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                               | Veritiv Operating Co                                                     | CUSIP: 92338TAB2<br>LEI: 5493004G8OK5L1UTIY12 | Long             | LON              | CORP              | US        |  11879548 | PA      | $11574065.89  | 1.75%             | 2030-11-29      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| TRULITE GLASS ALUMINUM S                           | Trulite Glass & Aluminum Solutions LLC                                   | CUSIP: 89789MAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7171875 | PA      | $6705703.13   | 1.01%             | 2030-03-01      | Floating      | 10.29%                | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                                 | Bausch + Lomb Corp                                                       | CUSIP: N/A<br>LEI: 549300NY6OZM39SO6475       | Long             | LON              | CORP              | CA        |   4398750 | PA      | $4413881.70   | 0.67%             | 2031-01-15      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| DELUXE CORP                                        | Deluxe Corp                                                              | CUSIP: 248019AU5<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3524850.00   | 0.53%             | 2029-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DYE & DURHAM LIMITED                               | Dye & Durham Ltd                                                         | CUSIP: 267486AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1924000 | PA      | $1612158.08   | 0.24%             | 2029-04-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Fidelity Government Portfolio                      | Fidelity Government Portfolio                                            | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |  37854199 | NS      | $37854199.04  | 5.72%             |  |  |  | No            |                  1 | On Loan: No      |
| DIRECTV FINANCING LLC                              | Directv Financing LLC                                                    | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7027448 | PA      | $7056190.03   | 1.07%             | 2029-08-02      | Floating      | 9.35%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                            | Avis Budget Car Rental LLC / Avis Budget Finance Inc                     | CUSIP: 053773BK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $995471.50    | 0.15%             | 2032-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                             | Delek Logistics Partners LP / Delek Logistics Finance Corp               | CUSIP: 24665FAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001934.30   | 0.15%             | 2028-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                           | Jones Deslauriers Insurance Management Inc                               | CUSIP: 48020RAE5<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $1828278.22   | 0.28%             | 2033-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| K HOVNANIAN ENTERPRISES                            | K Hovnanian Enterprises Inc                                              | CUSIP: 48251UAQ1<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2474429.75   | 0.37%             | 2033-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| MASTEC INC                                         | MasTec Inc                                                               | CUSIP: 576323AQ2<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3012390.00   | 0.46%             | 2029-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                          | PG&E Corp                                                                | CUSIP: 69331C306<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EP               | CORP              | US        |    135000 | NS      | $5803650.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| SCRIPPS ESCROW II INC                              | Scripps Escrow II Inc                                                    | CUSIP: 81105DAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $462597.55    | 0.07%             | 2029-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VM CONSOLIDATED INC                                | VM Consolidated Inc                                                      | CUSIP: 91835HAA0<br>LEI: 549300GCTGJLEBXJUK89 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1934721.80   | 0.29%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VT TOPCO INC                                       | VT Topco Inc                                                             | CUSIP: 91838PAA9<br>LEI: 5493007T812R37X02Y38 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1528222.50   | 0.23%             | 2030-08-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                             | Clydesdale Acquisition Holdings Inc                                      | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $948590.50    | 0.14%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                     | Gray Media Inc                                                           | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100027.88    | 0.02%             | 2032-07-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| JB POINDEXTER & CO INC                             | JB Poindexter & Co Inc                                                   | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1014433.22   | 0.15%             | 2031-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| KEHE DIST/FIN / NEXTWAVE                           | KeHE Distributors LLC / KeHE Finance Corp / NextWave Distribution Inc    | CUSIP: 487526AC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5206520.00   | 0.79%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| MIRUM PHARMACEUTICALS                              | Mirum Pharmaceuticals Inc                                                | CUSIP: 604749AB7<br>LEI: 254900YZKR40F7F27K81 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $2992000.00   | 0.45%             | 2029-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MOSS CREEK RESOURCES HLD                           | Moss Creek Resources Holdings Inc                                        | CUSIP: 61965RAC9<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3999466.80   | 0.60%             | 2031-09-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| NCR ATLEOS LLC                                     | NCR Atleos Corp                                                          | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2680072.50   | 0.40%             | 2029-04-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                             | Northern Oil & Gas Inc                                                   | CUSIP: 665531AL3<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1035115.00   | 0.16%             | 2033-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| OAK-EAGLE ACQUIRECO INC                            | OAK-Eagle Acquireco Inc                                                  | CUSIP: 67124CAA1<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1038076.70   | 0.16%             | 2033-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| OAK-EAGLE ACQUIRECO INC                            | OAK-Eagle Acquireco Inc                                                  | CUSIP: 67124CAB9<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1048788.25   | 0.16%             | 2034-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PARADIGM PRNT/CO-ISSUER                            | Paradigm Parent LLC and Paradigm Parent CO-Issuer Inc                    | CUSIP: 69902PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2667876.00   | 0.40%             | 2032-04-17      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PATRICK INDUSTRIES INC                             | Patrick Industries Inc                                                   | CUSIP: 703343AD5<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2920635.30   | 0.44%             | 2029-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PATRICK INDUSTRIES INC                             | Patrick Industries Inc                                                   | CUSIP: 703343AG8<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $2169375.00   | 0.33%             | 2028-12-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| PETCO HEALTH & WELLNESS                            | Petco Health & Wellness Co Inc                                           | CUSIP: 71601VAA3<br>LEI: 2549007TYGV6RVSE9M61 | Long             | DBT              | CORP              | US        |   3100000 | PA      | $3089134.81   | 0.47%             | 2031-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| STRIDE INC                                         | Stride Inc                                                               | CUSIP: 86333MAA6<br>LEI: 254900BRWS3AFONWU277 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $2756000.00   | 0.42%             | 2027-09-01      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                          | Sunoco LP                                                                | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1507818.00   | 0.23%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                            | Teva Pharmaceutical Finance Netherlands III BV                           | CUSIP: 88167AAS0<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $267992.50    | 0.04%             | 2029-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Pretzel Parent T/L B (TAIT)                        | Pretzel Parent, Inc., Senior Secured First Lien Term Loan                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4972475 | PA      | $4835731.81   | 0.73%             | 2031-08-14      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| LSCS HOLDINGS INC                                  | LSCS Holdings Inc                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3720000 | PA      | $3510750.00   | 0.53%             | 2032-03-04      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| INMAR INC                                          | Inmar Inc                                                                | CUSIP: 45763FAV0<br>LEI: 549300N1ML5MXXFIDZ25 | Long             | LON              | CORP              | US        |   1235662 | PA      | $1190103.62   | 0.18%             | 2031-10-30      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| Nexus Buyer (Promontory Interfinancial/IntraFi Net | Nexus Buyer (Promontory Interfinancial/IntraFi Net                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7000000 | PA      | $6807500.00   | 1.03%             | 2032-08-04      | Floating      | 9.42%                 | No            |                  2 | On Loan: No      |
| KARMAN HOLDINGS INC                                | Karman Holdings Inc                                                      | CUSIP: 48571CAD3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3483753 | PA      | $3490301.96   | 0.53%             | 2032-04-01      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| TALOS PRODUCTION INC                               | Talos Production Inc                                                     | CUSIP: 87485LAD6<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2083904.00   | 0.31%             | 2029-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| TRANSMONTAIGNE PARTNERS                            | TransMontaigne Partners LLC                                              | CUSIP: 89377AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6068370.00   | 0.92%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TOWNSQUARE MEDIA INC                               | Townsquare Media Inc                                                     | CUSIP: 89223EAG8<br>LEI: 549300XBA8C68H0DR538 | Long             | LON              | CORP              | US        |   5836574 | PA      | $4283344.59   | 0.65%             | 2030-02-19      | Floating      | 8.88%                 | No            |                  2 | On Loan: No      |
| VICTRA HOLDINGS LLC                                | Victra Holdings LLC                                                      | CUSIP: 50226BAN8<br>LEI: 549300KWDYQKQSF0MQ18 | Long             | LON              | CORP              | US        |   7961484 | PA      | $7861965.83   | 1.19%             | 2029-03-29      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                           | Builders FirstSource Inc                                                 | CUSIP: 12008RAN7<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3897608.80   | 0.59%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CARS.COM INC                                       | Cars.com Inc                                                             | CUSIP: 14575EAA3<br>LEI: 5493002G6J07LNGX4M98 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3892327.20   | 0.59%             | 2028-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                        | Chemours Co/The                                                          | CUSIP: 163851AF5<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |   1518000 | PA      | $1504213.68   | 0.23%             | 2028-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                        | Chemours Co/The                                                          | CUSIP: 163851AL2<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500324.18    | 0.08%             | 2034-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                           | Outfront Media Capital LLC / Outfront Media Capital Corp                 | CUSIP: 69007TAE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $964532.30    | 0.15%             | 2029-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TKC HOLDINGS INC                                   | TKC Holdings Inc                                                         | CUSIP: 87256YAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5159191.70   | 0.78%             | 2031-02-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                      | TransDigm Inc                                                            | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1020623.00   | 0.15%             | 2032-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| VIKING BAKED GOODS ACQUI                           | Viking Baked Goods Acquisition Corp                                      | CUSIP: 92676AAA5<br>LEI: 254900DBFD2H1FJK0893 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6446267.75   | 0.97%             | 2031-11-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| SUMMER BC HOLDCO B SARL                            | Summer BC Holdco B SARL                                                  | CUSIP: N/A<br>LEI: 984500NRF59D5DB9B654       | Long             | LON              | CORP              | LU        |   5954660 | PA      | $5115052.90   | 0.77%             | 2029-02-21      | Floating      | 8.93%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                               | Chart Industries Inc                                                     | CUSIP: 16115EAT4<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | LON              | CORP              | US        |   2278731 | PA      | $2280154.73   | 0.34%             | 2030-03-18      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| DELUXE CORP                                        | Deluxe Corp                                                              | CUSIP: 248019AW1<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1038628.00   | 0.16%             | 2029-09-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| HELIX ENERGY SOLUTIONS                             | Helix Energy Solutions Group Inc                                         | CUSIP: 42330PAL1<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7360171.00   | 1.11%             | 2029-03-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| K HOVNANIAN ENTERPRISES                            | K Hovnanian Enterprises Inc                                              | CUSIP: 48251UAP3<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |    500000 | PA      | $495155.05    | 0.07%             | 2031-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| HARROW INC                                         | Harrow Inc                                                               | CUSIP: 415858AC3<br>LEI: 529900AP4LIRLNV8A089 | Long             | DBT              | CORP              | US        |  14000000 | PA      | $14167370.00  | 2.14%             | 2030-09-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| INFINITY NATURAL RESOURC                           | Infinity Natural Resources LLC                                           | CUSIP: 45690BAA3<br>LEI: 54930021094IFVB5ND43 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2011818.42   | 0.30%             | 2031-04-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                             | Delek Logistics Partners LP / Delek Logistics Finance Corp               | CUSIP: 24665FAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $503736.50    | 0.08%             | 2033-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                              | Directv Financing LLC                                                    | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2988434.70   | 0.45%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                 | Energy Transfer LP                                                       | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |   7350000 | PA      | $7494221.70   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                 | Energy Transfer LP                                                       | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1048314.00   | 0.16%             | 2054-05-15      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                              | Freedom Mortgage Holdings LLC                                            | CUSIP: 35641AAB4<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3051303.00   | 0.46%             | 2031-05-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| GRUPO AEROMEXICO SAB                               | Grupo Aeromexico SAB de CV                                               | CUSIP: 40054JAD1<br>LEI: 529900BECKHBL62WD126 | Long             | DBT              | CORP              | MX        |  14000000 | PA      | $13475000.00  | 2.04%             | 2031-11-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC/PETSMART FI                           | PetSmart LLC / PetSmart Finance Corp                                     | CUSIP: 71677KAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6990706.10   | 1.06%             | 2033-09-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICE                           | Prime Healthcare Services Inc                                            | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5189525.00   | 0.78%             | 2029-09-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| NEXUS BUYER LLC                                    | Nexus Buyer LLC                                                          | CUSIP: 65343UAH5<br>LEI: 254900PILSANV8WOOF24 | Long             | LON              | CORP              | US        |   8655631 | PA      | $8347274.33   | 1.26%             | 2031-07-31      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| AVIANCA MIDCO 2 PLC                                | Avianca Midco 2 PLC                                                      | CUSIP: 05369YAD1<br>LEI: 213800AMPX5VKH9AMX10 | Long             | DBT              | CORP              | GB        |   6000000 | PA      | $5551800.00   | 0.84%             | 2031-01-28      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                        | Chemours Co/The                                                          | CUSIP: 163851AJ7<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6538460.50   | 0.99%             | 2033-01-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                             | Delek Logistics Partners LP / Delek Logistics Finance Corp               | CUSIP: 24665FAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3104145.54   | 0.47%             | 2029-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| CRC INSURANCE GROUP LLC                            | CRC Insurance Group LLC                                                  | CUSIP: 89788VAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2105263 | PA      | $2092105.27   | 0.32%             | 2032-05-06      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS LLC                         | Amneal Pharmaceuticals LLC                                               | CUSIP: 03167DAS3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | LON              | CORP              | US        |  14962500 | PA      | $15031103.06  | 2.27%             | 2032-08-02      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| ADVANCED DRAINAGE SYSTEM                           | Advanced Drainage Systems Inc                                            | CUSIP: 00790RAB0<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1261123.75   | 0.19%             | 2030-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| EZCORP INC                                         | EZCORP Inc                                                               | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2093550.00   | 0.32%             | 2032-04-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GEO GROUP INC/THE                                  | GEO Group Inc/The                                                        | CUSIP: 36162JAG1<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3108543.00   | 0.47%             | 2029-04-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| NEOGEN FOOD SAFE CORP                              | Neogen Food Safety Corp                                                  | CUSIP: 365417AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1156509.20   | 0.17%             | 2030-07-20      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                              | Genesis Energy LP / Genesis Energy Finance Corp                          | CUSIP: 37185LAS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $995997.43    | 0.15%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                           | Jones Deslauriers Insurance Management Inc                               | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |   3000000 | PA      | $3051849.00   | 0.46%             | 2030-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                           | Live Nation Entertainment Inc                                            | CUSIP: 538034BD0<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3051955.38   | 0.46%             | 2031-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                             | Match Group Holdings II LLC                                              | CUSIP: 57665RAG1<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996346.30    | 0.15%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                              | McGraw-Hill Education Inc                                                | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1123870.00   | 0.17%             | 2031-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MATIV HOLDINGS INC                                 | Mativ Holdings Inc                                                       | CUSIP: 808541AC0<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $6994063.28   | 1.06%             | 2029-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| KDC/ONE DEVELOPMENT CORP                           | KDC/ONE Development Corp Inc                                             | CUSIP: C4953EAH8<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   7962544 | PA      | $7906168.94   | 1.19%             | 2028-08-15      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-22

**Name of Applicant:** Buffalo Funds

**Signature:** /s/ Laura Symon Browne

**Name of Signer:** Laura Symon Browne

**Title:** President and Treasurer