# EDGAR Filing Document

**Accession Number:** 0001496608
**File Stem:** 0001410368-25-018032
**Filing Date:** 2025-10
**Character Count:** 444257
**Document Hash:** 731c1114cf31d06f78eef7b0c9eb1e59
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-018032.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0001410368-25-018032

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AB Active ETFs, Inc.
- **CENTRAL INDEX KEY:** 0001496608

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23799
- **FILM NUMBER:** 251419646

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ALLIANCEBERNSTEIN L.P.
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 212-969-1000

**MAIL ADDRESS:**
- **STREET 1:** C/O ALLIANCEBERNSTEIN L.P.
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AllianceBernstein Active ETFs, Inc.
- **DATE OF NAME CHANGE:** 20100714

## Series and Classes Contracts Data

### AB High Yield ETF (Series ID: S000079881)

| Class ID   | Class Name        | Ticker Symbol   |
|:---|:---|:---|
| C000241312 | AB High Yield ETF | HYFI            |

## Nport-Ex

**AB Active ETFs, Inc.** 

**AB High Yield ETF** 

**Portfolio of Investments** 

**August 31, 2025 (unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **CORPORATES – NON-INVESTMENT GRADE – 80.8%** | **CORPORATES – NON-INVESTMENT GRADE – 80.8%** | **CORPORATES – NON-INVESTMENT GRADE – 80.8%** | **CORPORATES – NON-INVESTMENT GRADE – 80.8%** |
|  **Industrial – 71.4%** | **Industrial – 71.4%** | **Industrial – 71.4%** | **Industrial – 71.4%** |
|  **Basic – 3.9%** | **Basic – 3.9%** | **Basic – 3.9%** | **Basic – 3.9%** |
|  Alcoa Nederland Holding BV <br>4.125%, 03/31/202<sup>(a)</sup> | U.S.$| 1547 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1489823 |
|  Arsenal AIC Parent LLC <br>11.50%, 10/01/2031<sup>(a)</sup> |  | 1062 | 1182410 |
|  ASP Unifrax Holdings, Inc.<br>7.10% (7.10% Cash or 5.85% Cash and 1.25% PIK), 09/30/2029<sup>(a) (b)</sup> |  | 280 | 138491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.175% (10.425% Cash or 11.175% PIK or 6.425% Cash and 4.75% PIK), 09/30/2029<sup>(a) (b) (c)</sup> |  | 640 | 600123 |
|  Big River Steel LLC/BRS Finance Corp. <br>6.625%, 01/31/2029<sup>(a)</sup> |  | 50 | 50116 |
|  Cerdia Finanz GmbH <br>9.375%, 10/03/2031<sup>(a)</sup> |  | 200 | 212108 |
|  Champion Iron Canada, Inc. <br>7.875%, 07/15/2032<sup>(a)</sup> |  | 100 | 104351 |
|  Clydesdale Acquisition Holdings, Inc. <br>8.75%, 04/15/2030<sup>(a)</sup> |  | 366 | 377408 |
|  Compass Minerals International, Inc. <br>8.00%, 07/01/2030<sup>(a)</sup> |  | 145 | 151670 |
|  CVR Partners LP/CVR Nitrogen Finance Corp. <br>6.125%, 06/15/2028<sup>(a)</sup> |  | 1134 | 1132412 |
|  Fortescue Treasury Pty Ltd. <br>4.50%, 09/15/2027<sup>(a)</sup> |  | 100 | 98867 |
|  GPD Cos., Inc. <br>12.50%, 12/31/2029<sup>(a)</sup> |  | 43 | 35672 |
|  Graham Packaging Co., Inc. <br>7.125%, 08/15/2028<sup>(a)</sup> |  | 257 | 257167 |
|  Graphic Packaging International LLC <br>4.75%, 07/15/2027<sup>(a)</sup> |  | 28 | 27767 |
|  INEOS Quattro Finance 2 PLC <br>6.75%, 04/15/2030<sup>(a)</sup> | EUR | 141 | 154199 |
|  Inversion Escrow Issuer LLC <br>6.75%, 08/01/2032<sup>(a)</sup> | U.S.$| 327 | 323831 |
|  Kaiser Aluminum Corp. <br>4.625%, 03/01/2028<sup>(a)</sup> |  | 185 | 182110 |
|  Magnetation LLC/Mag Finance Corp. <br>11.00%, 05/15/2023<sup>(d) (e) (f) (g) (h)</sup> |  | 60 | 0 |
|  New Gold, Inc. <br>6.875%, 04/01/2032<sup>(a)</sup> |  | 175 | 182380 |
|  Novelis Corp. <br>4.75%, 01/30/2030<sup>(a)</sup> |  | 196 | 188601 |
|  Rain Carbon, Inc. <br>12.25%, 09/01/2029<sup>(a)</sup> |  | 64 | 68705 |
|  Roller Bearing Co. of America, Inc. <br>4.375%, 10/15/2029<sup>(a)</sup> |  | 408 | 396605 |
|  SCIL IV LLC/SCIL USA Holdings LLC <br>5.375%, 11/01/2026<sup>(a)</sup> |  | 1014 | 1008312 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  SNF Group SACA <br>4.50%, 03/15/2032<sup>(a)</sup> | EUR | 469 | $| 564873 |
|  SunCoke Energy, Inc. <br>4.875%, 06/30/2029<sup>(a)</sup> | U.S.$| 68 |  | 62119 |
|  Toucan FinCo Ltd./Toucan FinCo Can., Inc./Toucan FinCo US LLC <br>8.25%, 05/15/2030<sup>(a)</sup> | EUR | 189 |  | 215729 |
|  Vibrantz Technologies, Inc. <br>9.00%, 02/15/2030<sup>(a)</sup> | U.S.$| 240 |  | 127265 |
|  WR Grace Holdings LLC<br>4.875%, 06/15/2027<sup>(a)</sup> |  | 87 |  | 86318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 08/15/2029<sup>(a)</sup> |  | 136 |  | 127063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 08/15/2032<sup>(a)</sup> |  | 323 |  | 322173 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9868668 |
|  **Capital Goods – 7.8%** | **Capital Goods – 7.8%** | **Capital Goods – 7.8%** | **Capital Goods – 7.8%** | **Capital Goods – 7.8%** |
|  Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC<br>3.25%, 09/01/2028<sup>(a)</sup> |  | 368 |  | 347797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/15/2027<sup>(g)</sup> |  | 238 |  | 238007 |
|  Artera Services LLC <br>8.50%, 02/15/2031<sup>(a)</sup> |  | 82 |  | 71620 |
|  Axon Enterprise, Inc. <br>6.125%, 03/15/2030<sup>(a)</sup> |  | 489 |  | 503738 |
|  Ball Corp.<br>2.875%, 08/15/2030 |  | 995 |  | 899938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/15/2029 |  | 750 |  | 768525 |
|  Bombardier, Inc.<br>6.00%, 02/15/2028<sup>(a)</sup> |  | 302 |  | 302846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 07/01/2031<sup>(a)</sup> |  | 328 |  | 345784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.45%, 05/01/2034<sup>(a)</sup> |  | 100 |  | 109277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 02/01/2029<sup>(a)</sup> |  | 121 |  | 126374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 04/15/2027<sup>(a)</sup> |  | 12 |  | 12056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 11/15/2030<sup>(a)</sup> |  | 1007 |  | 1087087 |
|  Calderys Financing LLC <br>11.25%, 06/01/2028<sup>(a)</sup> |  | 307 |  | 325313 |
|  Camelot Return Merger Sub, Inc. <br>8.75%, 08/01/2028<sup>(a)</sup> |  | 743 |  | 714692 |
|  Clean Harbors, Inc.<br>4.875%, 07/15/2027<sup>(a)</sup> |  | 671 |  | 668074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 07/15/2029<sup>(a)</sup> |  | 11 |  | 10915 |
|  Cornerstone Building Brands, Inc. <br>9.50%, 08/15/2029<sup>(a)</sup> |  | 74 |  | 70913 |
|  Crown Cork & Seal Co., Inc. <br>7.375%, 12/15/2026 |  | 20 |  | 20568 |
|  Dycom Industries, Inc. <br>4.50%, 04/15/2029<sup>(a)</sup> |  | 91 |  | 88786 |
|  EnerSys <br>4.375%, 12/15/2027<sup>(a)</sup> |  | 80 |  | 78769 |
|  Esab Corp. <br>6.25%, 04/15/2029<sup>(a)</sup> |  | 1065 |  | 1095129 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  GFL Environmental, Inc.<br>4.375%, 08/15/2029<sup>(a)</sup> | U.S.$| 237 | $| 230561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 06/15/2029<sup>(a)</sup> |  | 1000 |  | 984370 |
|  Griffon Corp. <br>5.75%, 03/01/2028 |  | 305 |  | 304402 |
|  LSB Industries, Inc. <br>6.25%, 10/15/2028<sup>(a) (c)</sup> |  | 764 |  | 759087 |
|  Luna 2 5SARL <br>5.50%, 07/01/2032<sup>(a)</sup> | EUR | 125 |  | 148484 |
|  Madison IAQ LLC <br>5.875%, 06/30/2029<sup>(a)</sup> | U.S.$| 1382 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1366701 |
|  Maxam Prill SARL <br>7.75%, 07/15/2030<sup>(a)</sup> |  | 483 |  | 471113 |
|  MIWD Holdco II LLC/MIWD Finance Corp. <br>5.50%, 02/01/2030<sup>(a)</sup> |  | 1150 |  | 1131646 |
|  Moog, Inc. <br>4.25%, 12/15/2027<sup>(a)</sup> |  | 904 |  | 891389 |
|  Mueller Water Products, Inc. <br>4.00%, 06/15/2029<sup>(a)</sup> |  | 905 |  | 870628 |
|  Spirit AeroSystems, Inc. <br>9.375%, 11/30/2029<sup>(a)</sup> |  | 197 |  | 208647 |
|  Terex Corp. <br>5.00%, 05/15/2029<sup>(a)</sup> |  | 178 |  | 175147 |
|  TransDigm, Inc. | TransDigm, Inc. | TransDigm, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 01/15/2029 |  | 923 |  | 903857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 05/01/2029 |  | 355 |  | 348681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/2033<sup>(a)</sup> |  | 449 |  | 454038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 01/31/2034<sup>(a)</sup> |  | 120 |  | 123137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/01/2029<sup>(a)</sup> |  | 1199 |  | 1228136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 08/15/2028<sup>(a)</sup> |  | 690 |  | 705021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 12/15/2030<sup>(a)</sup> |  | 150 |  | 155674 |
|  WESCO Distribution, Inc. <br>7.25%, 06/15/2028<sup>(a)</sup> |  | 124 |  | 125857 |
|  |  |  |  | 19472784 |
|  **Communications – Media – 7.0%** | **Communications – Media – 7.0%** | **Communications – Media – 7.0%** | **Communications – Media – 7.0%** | **Communications – Media – 7.0%** |
|  AMC Networks, Inc. | AMC Networks, Inc. | AMC Networks, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/15/2029 |  | 5 |  | 4115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.25%, 01/15/2029<sup>(a)</sup> |  | 206 |  | 214343 |
|  Arches Buyer, Inc. <br>6.125%, 12/01/2028<sup>(a)</sup> |  | 570 |  | 552718 |
|  Banijay Entertainment SAS <br>8.125%, 05/01/2029<sup>(a)</sup> |  | 246 |  | 255850 |
|  CCO Holdings LLC/CCO Holdings Capital Corp. <br>4.75%, 02/01/2032<sup>(a)</sup> |  | 238 |  | 220774 |
|  Clear Channel Outdoor Holdings, Inc. <br>7.125%, 02/15/2031<sup>(a)</sup> |  | 383 |  | 388921 |
|  CSC Holdings LLC | CSC Holdings LLC | CSC Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/15/2031<sup>(a)</sup> |  | 150 |  | 97171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 12/01/2030<sup>(a)</sup> |  | 1536 |  | 674120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 02/01/2028<sup>(a)</sup> |  | 204 |  | 187986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/15/2027<sup>(a)</sup> |  | 356 |  | 342632 |

---

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| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/2030<sup>(a)</sup> | U.S.$| 400 | $187676 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 02/01/2029<sup>(a)</sup> |  | 252 | 198452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 04/01/2028<sup>(a)</sup> |  | 200 | 161242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.25%, 05/15/2028<sup>(a)</sup> |  | 449 | 448178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.75%, 01/31/2029<sup>(a)</sup> |  | 297 | 272578 |
|  Discovery Communications LLC | Discovery Communications LLC | Discovery Communications LLC |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 05/15/2030 |  | 442 | 398613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 05/15/2029 |  | 411 | 389731 |
|  DISH DBS Corp. | DISH DBS Corp. | DISH DBS Corp. |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 06/01/2029 |  | 829 | 683544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 12/01/2026<sup>(a)</sup> |  | 998 | 968200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 12/01/2028<sup>(a)</sup> |  | 482 | 453268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 07/01/2028 |  | 452 | 409101 |
|  EW Scripps Co. (The) <br>9.875%, 08/15/2030<sup>(a)</sup> |  | 201 | 188932 |
|  Gray Media, Inc. | Gray Media, Inc. | Gray Media, Inc. |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 10/15/2030<sup>(a)</sup> |  | 165 | 124029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 11/15/2031<sup>(a)</sup> |  | 17 | 12542 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 08/15/2033<sup>(a)</sup> |  | 208 | 205071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.625%, 07/15/2032<sup>(a)</sup> |  | 154 | 154767 |
|  iHeartCommunications, Inc. <br>9.125%, 05/01/2029<sup>(a)</sup> |  | 533 | 459446 |
|  LCPR Senior Secured Financing DAC | LCPR Senior Secured Financing DAC | LCPR Senior Secured Financing DAC |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 07/15/2029<sup>(a)</sup> |  | 654 | 376037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 10/15/2027<sup>(a)</sup> |  | 200 | 124422 |
|  McGraw-Hill Education, Inc. <br>5.75%, 08/01/2028<sup>(a)</sup> |  | 143 | 143729 |
|  Millennium Escrow Corp. <br>6.625%, 08/01/2026<sup>(a)</sup> |  | 1082 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1033029 |
|  National CineMedia, Inc. <br>5.75%, 08/15/2026<sup>(e) (f) (h) (i)</sup> |  | 21 | 0 |
|  Neptune Bidco US, Inc. <br>9.29%, 04/15/2029<sup>(a)</sup> |  | 470 | 467744 |
|  Outfront Media Capital LLC/Outfront Media Capital Corp. <br>4.25%, 01/15/2029<sup>(a)</sup> |  | 130 | 124894 |
|  Paramount Global <br>6.375%, 03/30/2062 |  | 255 | 255472 |
|  Sinclair Television Group, Inc. | Sinclair Television Group, Inc. | Sinclair Television Group, Inc. |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/01/2030<sup>(a)</sup> |  | 126 | 103524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 02/15/2033<sup>(a)</sup> |  | 381 | 390441 |
|  Sirius XM Radio LLC <br>4.125%, 07/01/2030<sup>(a)</sup> |  | 163 | 151632 |
|  Summer BC Holdco B SARL <br>5.875%, 02/15/2030<sup>(a)</sup> | EUR | 113 | 131309 |
|  TEGNA, Inc. <br>4.625%, 03/15/2028 | U.S.$| 420 | 416800 |
|  Univision Communications, Inc. | Univision Communications, Inc. | Univision Communications, Inc. |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/01/2029<sup>(a)</sup> |  | 254 | 238912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 06/30/2030<sup>(a)</sup> |  | 425 | 428952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 08/15/2028<sup>(a)</sup> |  | 249 | 258377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 07/31/2031<sup>(a)</sup> |  | 75 | 77371 |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Veritiv Operating Co. <br>10.50%, 11/30/2030<sup>(a)</sup> | U.S.$| 141 | $| 152649 |
|  VZ Secured Financing BV <br>5.00%, 01/15/2032<sup>(a)</sup> |  | 518 |  | 459487 |
|  Warnermedia Holdings, Inc. | Warnermedia Holdings, Inc. | Warnermedia Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.279%, 03/15/2032 |  | 1900 |  | 1639225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/15/2042 |  | 1115 |  | 751510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.141%, 03/15/2052 |  | 147 |  | 91784 |
|  Ziggo Bond Co. BV <br>5.125%, 02/28/2030<sup>(a)</sup> |  | 794 |  | 700236 |
|  Ziggo BV <br>4.875%, 01/15/2030<sup>(a)</sup> |  | 411 |  | 385596 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17557132 |
|  **Communications – Telecommunications – 3.7%** | **Communications – Telecommunications – 3.7%** | **Communications – Telecommunications – 3.7%** | **Communications – Telecommunications – 3.7%** | **Communications – Telecommunications – 3.7%** |
|  Altice Financing SA <br>5.75%, 08/15/2029<sup>(a)</sup> |  | 261 |  | 206918 |
|  Altice France Holding SA <br>10.50%, 05/15/2027<sup>(f) (g) (j)</sup> |  | 252 |  | 93152 |
|  Altice France SA | Altice France SA | Altice France SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 01/15/2028<sup>(g)</sup> | EUR | 245 |  | 247550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 07/15/2029<sup>(g)</sup> | U.S.$| 640 |  | 546867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/15/2028<sup>(g)</sup> |  | 665 |  | 585300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/15/2029<sup>(g)</sup> |  | 740 |  | 634824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 02/01/2027<sup>(g)</sup> |  | 354 |  | 329315 |
|  Cogent Communications Group LLC/Cogent Finance, Inc. <br>7.00%, 06/15/2027<sup>(a)</sup> |  | 239 |  | 238180 |
|  Connect Finco SARL/Connect US Finco LLC <br>9.00%, 09/15/2029<sup>(a)</sup> |  | 207 |  | 215719 |
|  EchoStar Corp. | EchoStar Corp. | EchoStar Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75% (6.75% Cash or 6.75% PIK), 11/30/2030<sup>(b) (c)</sup> |  | 746 |  | 733972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.75%, 11/30/2029 |  | 586 |  | 631231 |
|  Fibercop SpA | Fibercop SpA | Fibercop SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 09/30/2034<sup>(a)</sup> |  | 200 |  | 190804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.20%, 07/18/2036<sup>(a)</sup> |  | 564 |  | 567457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.721%, 06/04/2038<sup>(a)</sup> |  | 405 |  | 410650 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2033 | &nbsp;&nbsp;&nbsp;&nbsp; Series 2033 | &nbsp;&nbsp;&nbsp;&nbsp; Series 2033 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 11/15/2033<sup>(a)</sup> |  | 200 |  | 197906 |
|  Frontier Communications Holdings LLC | Frontier Communications Holdings LLC | Frontier Communications Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/2030<sup>(a)</sup> |  | 658 |  | 665041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 05/01/2029<sup>(a)</sup> |  | 1591 |  | 1606544 |
|  GCI LLC <br>4.75%, 10/15/2028<sup>(a)</sup> |  | 200 |  | 194752 |
|  Level 3 Financing, Inc. <br>10.75%, 12/15/2030<sup>(a)</sup> |  | 271 |  | 306947 |
|  Lorca Telecom Bondco SA <br>4.00%, 09/18/2027<sup>(a)</sup> | EUR | 142 |  | 166341 |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Windstream Services LLC/Windstream Escrow Finance Corp. <br>8.25%, 10/01/2031<sup>(a)</sup> | U.S.$| 406 | $| 422910 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9192380 |
|  **Consumer Cyclical – Automotive – 2.7%** | **Consumer Cyclical – Automotive – 2.7%** | **Consumer Cyclical – Automotive – 2.7%** | **Consumer Cyclical – Automotive – 2.7%** | **Consumer Cyclical – Automotive – 2.7%** |
|  Adient Global Holdings Ltd. <br>8.25%, 04/15/2031<sup>(a)</sup> |  | 364 |  | 383332 |
|  American Axle & Manufacturing, Inc. <br>6.875%, 07/01/2028 |  | 75 |  | 74957 |
|  Aston Martin Capital Holdings Ltd. <br>10.00%, 03/31/2029<sup>(a)</sup> |  | 585 |  | 568626 |
|  Exide Technologies (Exchange Priority) <br>11.00%, 10/31/2024<sup>(d) (e) (f) (g) (h) (i)</sup> |  | 32 |  | 0 |
|  Exide Technologies (First Lien) <br>11.00%, 10/31/2024<sup>(d) (e) (f) (g) (h) (i)</sup> |  | 13 |  | 0 |
|  Goodyear Tire & Rubber Co. (The) | Goodyear Tire & Rubber Co. (The) | Goodyear Tire & Rubber Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/15/2029 |  | 509 |  | 493358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/15/2031 |  | 400 |  | 378936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 04/30/2033 |  | 403 |  | 379199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 07/15/2030 |  | 382 |  | 388513 |
|  IHO Verwaltungs GmbH | IHO Verwaltungs GmbH | IHO Verwaltungs GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75% (6.75% Cash or 7.50% PIK), 11/15/2029<sup>(a) (b)</sup> | EUR | 144 |  | 178776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75% (7.75% Cash or 8.50% PIK), 11/15/2030<sup>(a) (b)</sup> | U.S.$| 200 |  | 207844 |
|  JB Poindexter & Co., Inc. <br>8.75%, 12/15/2031<sup>(a)</sup> |  | 82 |  | 84695 |
|  Nissan Motor Co., Ltd. <br>8.125%, 07/17/2035<sup>(a)</sup> |  | 1391 |  | 1470969 |
|  PM General Purchaser LLC <br>9.50%, 10/01/2028<sup>(a)</sup> |  | 707 |  | 554663 |
|  Qnity Electronics, Inc. <br>6.25%, 08/15/2033<sup>(a)</sup> |  | 174 |  | 179862 |
|  Tenneco, Inc. <br>8.00%, 11/17/2028<sup>(a)</sup> |  | 814 |  | 814203 |
|  Titan International, Inc. <br>7.00%, 04/30/2028 |  | 17 |  | 17027 |
|  ZF North America Capital, Inc. | ZF North America Capital, Inc. | ZF North America Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 04/14/2028<sup>(a)</sup> |  | 214 |  | 216399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 04/14/2030<sup>(a)</sup> |  | 432 |  | 429054 |
|  |  |  |  | 6820413 |
|  **Consumer Cyclical – Entertainment – 1.6%** | **Consumer Cyclical – Entertainment – 1.6%** | **Consumer Cyclical – Entertainment – 1.6%** | **Consumer Cyclical – Entertainment – 1.6%** | **Consumer Cyclical – Entertainment – 1.6%** |
|  Boyne USA, Inc. <br>4.75%, 05/15/2029<sup>(a)</sup> |  | 379 |  | 372045 |
|  Carnival Corp. <br>5.75%, 03/15/2030<sup>(a)</sup> |  | 834 |  | 854433 |
|  Lindblad Expeditions LLC <br>7.00%, 09/15/2030<sup>(a)</sup> |  | 178 |  | 182242 |
|  Live Nation Entertainment, Inc. | Live Nation Entertainment, Inc. | Live Nation Entertainment, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 01/15/2028<sup>(a)</sup> |  | 232 |  | 226608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 05/15/2027<sup>(a)</sup> |  | 262 |  | 264628 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Motion Finco SARL <br>7.375%, 06/15/2030<sup>(a)</sup> | EUR | 115 | $| 119510 |
|  NCL Corp., Ltd. | NCL Corp., Ltd. | NCL Corp., Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/15/2026<sup>(a)</sup> | U.S.$| 131 |  | 131164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 02/15/2027<sup>(a)</sup> |  | 13 |  | 13033 |
|  SeaWorld Parks & Entertainment, Inc. <br>5.25%, 08/15/2029<sup>(a)</sup> |  | 1161 |  | 1139730 |
|  Six Flags Entertainment Corp. <br>7.25%, 05/15/2031<sup>(a)</sup> |  | 415 |  | 417121 |
|  Viking Cruises Ltd. | Viking Cruises Ltd. | Viking Cruises Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 09/15/2027<sup>(a)</sup> |  | 24 |  | 24008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 02/15/2029<sup>(a)</sup> |  | 50 |  | 50382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.125%, 07/15/2031<sup>(a)</sup> |  | 121 |  | 130344 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3925248 |
|  **Consumer Cyclical – Other – 6.6%** | **Consumer Cyclical – Other – 6.6%** | **Consumer Cyclical – Other – 6.6%** | **Consumer Cyclical – Other – 6.6%** | **Consumer Cyclical – Other – 6.6%** |
|  Affinity Interactive <br>6.875%, 12/15/2027<sup>(a)</sup> |  | 54 |  | 30899 |
|  AmeriTex HoldCo Intermediate LLC <br>7.625%, 08/15/2033<sup>(a)</sup> |  | 419 |  | 432617 |
|  Brookfield Residential Properties, Inc./Brookfield Residential US LLC <br>4.875%, 02/15/2030<sup>(a)</sup> |  | 1187 |  | 1090426 |
|  Caesars Entertainment, Inc. <br>4.625%, 10/15/2029<sup>(a)</sup> |  | 402 |  | 383544 |
|  CD&R Smokey Buyer, Inc./Radio Systems Corp. <br>9.50%, 10/15/2029<sup>(a)</sup> |  | 222 |  | 168924 |
|  Churchill Downs, Inc. | Churchill Downs, Inc. | Churchill Downs, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/2028<sup>(a)</sup> |  | 544 |  | 538652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/01/2027<sup>(a)</sup> |  | 106 |  | 105872 |
|  Cirsa Finance International SARL <br>6.50%, 03/15/2029<sup>(a)</sup> | EUR | 220 |  | 268264 |
|  Full House Resorts, Inc. <br>8.25%, 02/15/2028<sup>(a)</sup> | U.S.$| 62 |  | 59364 |
|  Great Canadian Gaming Corp./Raptor LLC <br>8.75%, 11/15/2029<sup>(a)</sup> |  | 1109 |  | 1064252 |
|  Hilton Domestic Operating Co., Inc. | Hilton Domestic Operating Co., Inc. | Hilton Domestic Operating Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 02/15/2032<sup>(a)</sup> |  | 736 |  | 671490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 05/01/2029<sup>(a)</sup> |  | 729 |  | 699789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/01/2031<sup>(a)</sup> |  | 654 |  | 616068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 01/15/2030 |  | 17 |  | 16964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 05/01/2028<sup>(a)</sup> |  | 11 |  | 11019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 04/01/2029<sup>(a)</sup> |  | 419 |  | 427015 |
|  Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc. | Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc. | Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 07/01/2031<sup>(a)</sup> |  | 562 |  | 523132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/01/2029<sup>(a)</sup> |  | 822 |  | 795071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 01/15/2032<sup>(a)</sup> |  | 115 |  | 117275 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Jacobs Entertainment, Inc. <br>6.75%, 02/15/2029<sup>(a)</sup> | U.S.$| 68 | $| 65974 |
|  LGI Homes, Inc. <br>7.00%, 11/15/2032<sup>(a)</sup> |  | 191 |  | 186361 |
|  Light & Wonder International, Inc. <br>7.00%, 05/15/2028<sup>(a)</sup> |  | 9 |  | 9011 |
|  Marriott Ownership Resorts, Inc. <br>4.50%, 06/15/2029<sup>(a)</sup> |  | 1050 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1014909 |
|  Mohegan Tribal Gaming Authority/MS Digital Entertainment Holdings LLC | Mohegan Tribal Gaming Authority/MS Digital Entertainment Holdings LLC | Mohegan Tribal Gaming Authority/MS Digital Entertainment Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 04/15/2030<sup>(a)</sup> |  | 203 |  | 209725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.875%, 04/15/2031<sup>(a)</sup> |  | 290 |  | 305216 |
|  Shea Homes LP/Shea Homes Funding Corp. <br>4.75%, 04/01/2029 |  | 20 |  | 19490 |
|  Standard Industries, Inc./NY | Standard Industries, Inc./NY | Standard Industries, Inc./NY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 01/15/2031<sup>(a)</sup> |  | 250 |  | 227233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 07/15/2030<sup>(a)</sup> |  | 543 |  | 520498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/2028<sup>(a)</sup> |  | 779 |  | 771849 |
|  Station Casinos LLC <br>4.50%, 02/15/2028<sup>(a)</sup> |  | 1314 |  | 1295946 |
|  Taylor Morrison Communities, Inc. | Taylor Morrison Communities, Inc. | Taylor Morrison Communities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/2028<sup>(a)</sup> |  | 127 |  | 128767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 06/15/2027<sup>(a)</sup> |  | 1123 |  | 1132332 |
|  Thor Industries, Inc. <br>4.00%, 10/15/2029<sup>(a)</sup> |  | 340 |  | 321871 |
|  Travel & Leisure Co. | Travel & Leisure Co. | Travel & Leisure Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 12/01/2029<sup>(a)</sup> |  | 478 |  | 463168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 03/01/2030<sup>(a)</sup> |  | 12 |  | 11551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 04/01/2027<sup>(c)</sup> |  | 325 |  | 329270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 07/31/2026<sup>(a)</sup> |  | 473 |  | 477238 |
|  Wyndham Hotels & Resorts, Inc. <br>4.375%, 08/15/2028<sup>(a)</sup> |  | 1109 |  | 1083571 |
|  |  |  |  | 16594617 |
|  **Consumer Cyclical – Restaurants – 1.2%** | **Consumer Cyclical – Restaurants – 1.2%** | **Consumer Cyclical – Restaurants – 1.2%** | **Consumer Cyclical – Restaurants – 1.2%** | **Consumer Cyclical – Restaurants – 1.2%** |
|  1011778 BC ULC/New Red Finance, Inc. | 1011778 BC ULC/New Red Finance, Inc. | 1011778 BC ULC/New Red Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/15/2029<sup>(a)</sup> |  | 53 |  | 50504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 01/15/2028<sup>(a)</sup> |  | 583 |  | 567708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/15/2030<sup>(a)</sup> |  | 366 |  | 342261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 01/15/2028<sup>(a)</sup> |  | 1363 |  | 1340606 |
|  Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc. <br>4.625%, 01/15/2029<sup>(a)</sup> |  | 404 |  | 386127 |
|  Papa John's International, Inc. <br>3.875%, 09/15/2029<sup>(a)</sup> |  | 22 |  | 21148 |
|  Yum! Brands, Inc. | Yum! Brands, Inc. | Yum! Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 03/15/2031 |  | 90 |  | 83766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/2030<sup>(a)</sup> |  | 114 |  | 113206 |
|  |  |  |  | 2905326 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Consumer Cyclical – Retailers – 6.2%** | **Consumer Cyclical – Retailers – 6.2%** | **Consumer Cyclical – Retailers – 6.2%** | **Consumer Cyclical – Retailers – 6.2%** |
|  Advance Auto Parts, Inc. | Advance Auto Parts, Inc. | Advance Auto Parts, Inc. |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 08/01/2030<sup>(a)</sup> | U.S.$| 1401 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1437580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 08/01/2033<sup>(a)</sup> |  | 198 | 202898 |
|  Arko Corp. <br>5.125%, 11/15/2029<sup>(a)</sup> |  | 76 | 64185 |
|  Asbury Automotive Group, Inc. <br>4.625%, 11/15/2029<sup>(a)</sup> |  | 626 | 608084 |
|  Beach Acquisition Bidco LLC <br>5.25%, 07/15/2032<sup>(a)</sup> | EUR | 229 | 274043 |
|  Boots Group Finco LP <br>5.375%, 08/31/2032<sup>(a)</sup> |  | 421 | 506317 |
|  Carvana Co. | Carvana Co. | Carvana Co. |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/15/2027<sup>(a)</sup> | U.S.$| 39 | 37883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 12/01/2028<sup>(a) (b) (c)</sup> |  | 166 | 169685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 06/01/2030<sup>(a) (b) (c)</sup> |  | 824 | 860807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 06/01/2031<sup>(a) (b) (c)</sup> |  | 790 | 896185 |
|  Champ Acquisition Corp. <br>8.375%, 12/01/2031<sup>(a)</sup> |  | 68 | 72602 |
|  FirstCash, Inc. | FirstCash, Inc. | FirstCash, Inc. |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 09/01/2028<sup>(a)</sup> |  | 387 | 380731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 01/01/2030<sup>(a)</sup> |  | 150 | 149796 |
|  Gap, Inc. (The) | Gap, Inc. (The) | Gap, Inc. (The) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 10/01/2029<sup>(a)</sup> |  | 1072 | 1004014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 10/01/2031<sup>(a)</sup> |  | 54 | 48740 |
|  Global Auto Holdings Ltd/AAG FH UK Ltd. | Global Auto Holdings Ltd/AAG FH UK Ltd. | Global Auto Holdings Ltd/AAG FH UK Ltd. |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 01/15/2029<sup>(a)</sup> |  | 288 | 267152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 01/15/2032<sup>(a)</sup> |  | 463 | 405843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.50%, 08/15/2029<sup>(a)</sup> |  | 255 | 253587 |
|  Group 1 Automotive, Inc. | Group 1 Automotive, Inc. | Group 1 Automotive, Inc. |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 08/15/2028<sup>(a)</sup> |  | 733 | 711171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 01/15/2030<sup>(a)</sup> |  | 376 | 386336 |
|  Kontoor Brands, Inc. <br>4.125%, 11/15/2029<sup>(a)</sup> |  | 72 | 67819 |
|  LCM Investments Holdings II LLC <br>4.875%, 05/01/2029<sup>(a)</sup> |  | 335 | 329003 |
|  Lithia Motors, Inc. <br>4.375%, 01/15/2031<sup>(a)</sup> |  | 327 | 311131 |
|  Michaels Cos., Inc. (The) | Michaels Cos., Inc. (The) | Michaels Cos., Inc. (The) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/01/2028<sup>(a)</sup> |  | 127 | 100837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 05/01/2029<sup>(a)</sup> |  | 153 | 104494 |
|  Nordstrom, Inc. | Nordstrom, Inc. | Nordstrom, Inc. |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 04/01/2030 |  | 351 | 325903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/2044 |  | 716 | 489379 |
|  Penske Automotive Group, Inc. <br>3.75%, 06/15/2029 |  | 420 | 400285 |
|  PetSmart LLC/PetSmart Finance Corp. | PetSmart LLC/PetSmart Finance Corp. | PetSmart LLC/PetSmart Finance Corp. |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 09/15/2032<sup>(a)</sup> |  | 498 | 492786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 09/15/2033<sup>(a)</sup> |  | 498 | 487906 |
|  QXO Building Products, Inc. <br>6.75%, 04/30/2032<sup>(a)</sup> |  | 520 | 538876 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Saks Global Enterprises LLC <br>11.00%, 12/15/2029<sup>(a)</sup> | U.S.$| 142 | $| 48290 |
|  Sonic Automotive, Inc. | Sonic Automotive, Inc. | Sonic Automotive, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 11/15/2029<sup>(a)</sup> |  | 78 |  | 75881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 11/15/2031<sup>(a)</sup> |  | 100 |  | 95661 |
|  Specialty Building Products Holdings LLC/SBP Finance Corp. <br>7.75%, 10/15/2029<sup>(a)</sup> |  | 1127 |  | 1130911 |
|  Staples, Inc. | Staples, Inc. | Staples, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.75%, 09/01/2029<sup>(a)</sup> |  | 760 |  | 729068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.75%, 01/15/2030<sup>(a)</sup> |  | 254 |  | 180687 |
|  VF Corp. <br>2.95%, 04/23/2030 |  | 91 |  | 79286 |
|  White Cap Buyer LLC <br>6.875%, 10/15/2028<sup>(a)</sup> |  | 639 |  | 638930 |
|  William Carter Co. (The) <br>5.625%, 03/15/2027<sup>(a)</sup> |  | 200 |  | 199744 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15564516 |
|  **Consumer Non-Cyclical – 8.9%** | **Consumer Non-Cyclical – 8.9%** | **Consumer Non-Cyclical – 8.9%** | **Consumer Non-Cyclical – 8.9%** | **Consumer Non-Cyclical – 8.9%** |
|  AdaptHealth LLC | AdaptHealth LLC | AdaptHealth LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 08/01/2029<sup>(a)</sup> |  | 117 |  | 110772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 03/01/2030<sup>(a)</sup> |  | 133 |  | 126831 |
|  Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/15/2029<sup>(a)</sup> |  | 659 |  | 626926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 02/15/2028<sup>(a)</sup> |  | 985 |  | 985138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 02/15/2028<sup>(a)</sup> |  | 470 |  | 478902 |
|  Bausch & Lomb Corp. <br>8.375%, 10/01/2028<sup>(a)</sup> |  | 832 |  | 868192 |
|  Bausch Health Americas, Inc. <br>8.50%, 01/31/2027<sup>(a)</sup> |  | 59 |  | 58794 |
|  Bausch Health Cos., Inc. | Bausch Health Cos., Inc. | Bausch Health Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 06/01/2028<sup>(a)</sup> |  | 261 |  | 235701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.00%, 09/30/2028<sup>(a)</sup> |  | 1530 |  | 1604083 |
|  Central Garden & Pet Co. <br>4.125%, 10/15/2030 |  | 62 |  | 58657 |
|  CHS/Community Health Systems, Inc. | CHS/Community Health Systems, Inc. | CHS/Community Health Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/2031<sup>(a)</sup> |  | 155 |  | 131927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/15/2030<sup>(a)</sup> |  | 1286 |  | 1152796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/2029<sup>(a)</sup> |  | 14 |  | 13505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 04/15/2029<sup>(a)</sup> |  | 423 |  | 339982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.875%, 01/15/2032<sup>(a)</sup> |  | 353 |  | 373788 |
|  CVS Health Corp. | CVS Health Corp. | CVS Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 12/10/2054 |  | 33 |  | 33578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 03/10/2055 |  | 363 |  | 378308 |
|  DaVita, Inc. | DaVita, Inc. | DaVita, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 02/15/2031<sup>(a)</sup> |  | 157 |  | 143215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 06/01/2030<sup>(a)</sup> |  | 983 |  | 946324 |
|  Embecta Corp. <br>5.00%, 02/15/2030<sup>(a)</sup> |  | 1244 |  | 1167793 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Emergent BioSolutions, Inc. <br>3.875%, 08/15/2028<sup>(a)</sup> | U.S.$| 747 | $625717 |
|  Grifols SA | Grifols SA | Grifols SA |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 10/15/2028<sup>(a)</sup> | EUR | 312 | 356252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 10/15/2028<sup>(a)</sup> | U.S.$| 803 | 778790 |
|  IQVIA, Inc. | IQVIA, Inc. | IQVIA, Inc. |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/15/2026<sup>(a)</sup> |  | 400 | 399764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/15/2027<sup>(a)</sup> |  | 197 | 196423 |
|  Kedrion SpA <br>6.50%, 09/01/2029<sup>(a)</sup> |  | 150 | 147602 |
|  KeHE Distributors LLC/KeHE Finance Corp./NextWave Distribution, Inc. <br>9.00%, 02/15/2029<sup>(a)</sup> |  | 134 | 141102 |
|  LifePoint Health, Inc. | LifePoint Health, Inc. | LifePoint Health, Inc. |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.875%, 08/15/2030<sup>(a)</sup> |  | 632 | 684462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.00%, 10/15/2030<sup>(a)</sup> |  | 988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1089122 |
|  Medline Borrower LP <br>3.875%, 04/01/2029<sup>(a)</sup> |  | 718 | 689905 |
|  Mehilainen Yhtiot Oy <br>5.125%, 06/30/2032<sup>(a)</sup> | EUR | 261 | 310294 |
|  ModivCare, Inc. | ModivCare, Inc. | ModivCare, Inc. |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00% (5.00% Cash or 10.00% PIK), 10/01/2029<sup>(c) (f) (g) (j)</sup> | U.S.$| 459 | 4589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2029<sup>(f) (g) (j)</sup> |  | 13 | 46 |
|  MPH Acquisition Holdings LLC | MPH Acquisition Holdings LLC | MPH Acquisition Holdings LLC |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 12/31/2030<sup>(a)</sup> |  | 203 | 177457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75% (6.00% Cash and 0.75% PIK), 03/31/2031<sup>(a) (b) (c)</sup> |  | 268 | 215791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.50% (6.50% Cash and 5.00% PIK), 12/31/2030<sup>(a) (b) (c)</sup> |  | 141 | 143158 |
|  Neogen Food Safety Corp. <br>8.625%, 07/20/2030<sup>(a)</sup> |  | 82 | 85532 |
|  Newell Brands, Inc. <br>8.50%, 06/01/2028<sup>(a)</sup> |  | 49 | 51791 |
|  Organon & Co./Organon Foreign Debt Co-Issuer BV | Organon & Co./Organon Foreign Debt Co-Issuer BV | Organon & Co./Organon Foreign Debt Co-Issuer BV |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 04/30/2028<sup>(a)</sup> |  | 850 | 814249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 04/30/2031<sup>(a)</sup> |  | 649 | 556582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 05/15/2034<sup>(a)</sup> |  | 379 | 341509 |
|  Owens & Minor, Inc. <br>6.625%, 04/01/2030<sup>(a)</sup> |  | 77 | 66818 |
|  Performance Food Group, Inc. | Performance Food Group, Inc. | Performance Food Group, Inc. |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 08/01/2029<sup>(a)</sup> |  | 84 | 81406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/15/2027<sup>(a)</sup> |  | 373 | 372437 |
|  Post Holdings, Inc. | Post Holdings, Inc. | Post Holdings, Inc. |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/15/2031<sup>(a)</sup> |  | 54 | 50364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 02/15/2032<sup>(a)</sup> |  | 490 | 503460 |
|  Primo Water Holdings, Inc./Triton Water Holdings, Inc. | Primo Water Holdings, Inc./Triton Water Holdings, Inc. | Primo Water Holdings, Inc./Triton Water Holdings, Inc. |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 04/30/2029<sup>(a)</sup> |  | 114 | 110109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 04/01/2029<sup>(a)</sup> |  | 388 | 389909 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Tenet Healthcare Corp. | Tenet Healthcare Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/01/2029 | 310 | $| 301912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 06/15/2028 | 1231 |  | 1217274 |
|  US Foods, Inc. | US Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/2029<sup>(a)</sup> | 1380 |  | 1359797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 09/15/2028<sup>(a)</sup> | 208 |  | 214477 |
|  Whirlpool Corp. <br>6.125%, 06/15/2030 | 53 |  | 53675 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22366987 |
|  **Energy – 8.5%** | **Energy – 8.5%** | **Energy – 8.5%** | **Energy – 8.5%** |
|  Antero Midstream Partners LP/Antero Midstream Finance Corp. | Antero Midstream Partners LP/Antero Midstream Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 06/15/2029<sup>(a)</sup> | 1348 |  | 1341880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/2028<sup>(a)</sup> | 199 |  | 199490 |
|  Ascent Resources Utica Holdings LLC/ARU Finance Corp. <br>5.875%, 06/30/2029<sup>(a)</sup> | 88 |  | 87893 |
|  Baytex Energy Corp. <br>8.50%, 04/30/2030<sup>(a)</sup> | 50 |  | 51077 |
|  Blue Racer Midstream LLC/Blue Racer Finance Corp. <br>7.00%, 07/15/2029<sup>(a)</sup> | 303 |  | 315344 |
|  Buckeye Partners LP | Buckeye Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 12/01/2026 | 357 |  | 353194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/01/2028<sup>(a)</sup> | 1306 |  | 1288238 |
|  California Resources Corp. <br>8.25%, 06/15/2029<sup>(a)</sup> | 122 |  | 126172 |
|  Caturus Energy LLC <br>8.50%, 02/15/2030<sup>(a)</sup> | 91 |  | 94372 |
|  CITGO Petroleum Corp. | CITGO Petroleum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 06/15/2026<sup>(a)</sup> | 16 |  | 16000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 01/15/2029<sup>(a)</sup> | 227 |  | 237288 |
|  Civitas Resources, Inc. | Civitas Resources, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 07/01/2028<sup>(a)</sup> | 572 |  | 593782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 07/01/2031<sup>(a)</sup> | 165 |  | 169792 |
|  CNX Resources Corp. | CNX Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/2029<sup>(a)</sup> | 47 |  | 47104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 01/15/2031<sup>(a)</sup> | 384 |  | 398296 |
|  Crescent Energy Finance LLC <br>7.625%, 04/01/2032<sup>(a)</sup> | 28 |  | 27892 |
|  CVR Energy, Inc. <br>8.50%, 01/15/2029<sup>(a)</sup> | 200 |  | 202160 |
|  Delek Logistics Partners LP/Delek Logistics Finance Corp. | Delek Logistics Partners LP/Delek Logistics Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 06/30/2033<sup>(a)</sup> | 378 |  | 378257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 03/15/2029<sup>(a)</sup> | 193 |  | 202042 |
|  Excelerate Energy LP <br>8.00%, 05/15/2030<sup>(a)</sup> | 770 |  | 819842 |
|  Genesis Energy LP/Genesis Energy Finance Corp. <br>8.25%, 01/15/2029 | 682 |  | 711947 |
|  Global Partners LP/GLP Finance Corp. | Global Partners LP/GLP Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 01/15/2029 | 208 |  | 211043 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 01/15/2032<sup>(a)</sup> | U.S.$| 112 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117996 |
|  Harvest Midstream I LP <br>7.50%, 09/01/2028<sup>(a)</sup> |  | 354 | 358131 |
|  Hilcorp Energy I LP/Hilcorp Finance Co.<br>5.75%, 02/01/2029<sup>(a)</sup> |  | 479 | 473621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 04/15/2030<sup>(a)</sup> |  | 81 | 80218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 02/01/2031<sup>(a)</sup> |  | 181 | 174564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 04/15/2032<sup>(a)</sup> |  | 43 | 41218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 05/15/2034<sup>(a)</sup> |  | 267 | 256181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 02/15/2035<sup>(a)</sup> |  | 414 | 404805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 11/01/2033<sup>(a)</sup> |  | 74 | 77330 |
|  Howard Midstream Energy Partners LLC <br>6.625%, 01/15/2034<sup>(a)</sup> |  | 276 | 280604 |
|  Kraken Oil & Gas Partners LLC <br>7.625%, 08/15/2029<sup>(a)</sup> |  | 68 | 67676 |
|  Matador Resources Co. <br>6.875%, 04/15/2028<sup>(a)</sup> |  | 169 | 172897 |
|  Murphy Oil Corp. <br>5.875%, 12/01/2042<sup>(c)</sup> |  | 20 | 16759 |
|  Nabors Industries, Inc.<br>7.375%, 05/15/2027<sup>(a)</sup> |  | 55 | 55914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.125%, 01/31/2030<sup>(a)</sup> |  | 192 | 196662 |
|  NFE Financing LLC <br>12.00%, 11/15/2029<sup>(a)</sup> |  | 1097 | 404153 |
|  NGL Energy Operating LLC/NGL Energy Finance Corp. <br>8.125%, 02/15/2029<sup>(a)</sup> |  | 546 | 557368 |
|  NuStar Logistics LP<br>5.625%, 04/28/2027 |  | 916 | 921322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/01/2026 |  | 286 | 286812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 10/01/2030 |  | 29 | 30070 |
|  Parkland Corp.<br>4.50%, 10/01/2029<sup>(a)</sup> |  | 466 | 453679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 05/01/2030<sup>(a)</sup> |  | 347 | 336781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 07/15/2027<sup>(a)</sup> |  | 280 | 280165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 08/15/2032<sup>(a)</sup> |  | 182 | 187458 |
|  PBF Holding Co. LLC/PBF Finance Corp.<br>7.875%, 09/15/2030<sup>(a)</sup> |  | 39 | 37718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.875%, 03/15/2030<sup>(a)</sup> |  | 552 | 569940 |
|  Rockies Express Pipeline LLC <br>4.95%, 07/15/2029<sup>(a)</sup> |  | 100 | 98341 |
|  SM Energy Co. <br>6.75%, 08/01/2029<sup>(a)</sup> |  | 178 | 179780 |
|  Summit Midstream Holdings LLC <br>8.625%, 10/31/2029<sup>(a)</sup> |  | 300 | 299460 |
|  Sunoco LP <br>7.00%, 05/01/2029<sup>(a)</sup> |  | 192 | 199611 |
|  Sunoco LP/Sunoco Finance Corp.<br>4.50%, 05/15/2029 |  | 91 | 88759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/15/2028 |  | 16 | 16065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 04/15/2027 |  | 660 | 660581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 09/15/2028<sup>(a)</sup> |  | 504 | 520647 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.<br>5.50%, 01/15/2028<sup>(a)</sup> | U.S.$| 1 | $998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 02/15/2029<sup>(a)</sup> |  | 100 | 103048 |
|  Talos Production, Inc.<br>9.00%, 02/01/2029<sup>(a)</sup> |  | 55 | 56736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.375%, 02/01/2031<sup>(a)</sup> |  | 66 | 68572 |
|  TerraForm Power Operating LLC <br>5.00%, 01/31/2028<sup>(a)</sup> |  | 100 | 99126 |
|  Transocean Aquila Ltd. <br>8.00%, 09/30/2028<sup>(a)</sup> |  | 91 | 93794 |
|  Transocean, Inc. <br>8.75%, 02/15/2030<sup>(a)</sup> |  | 200 | 211939 |
|  Venture Global LNG, Inc.<br>8.125%, 06/01/2028<sup>(a)</sup> |  | 315 | 326812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 06/01/2031<sup>(a)</sup> |  | 140 | 146929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 09/30/2029<sup>(a) (k)</sup> |  | 375 | 373031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.875%, 02/01/2032<sup>(a)</sup> |  | 2013 | 2192056 |
|  Vermilion Energy, Inc. <br>6.875%, 05/01/2030<sup>(a)</sup> |  | 32 | 30948 |
|  Viridien <br>10.00%, 10/15/2030<sup>(a)</sup> |  | 200 | 198044 |
|  Vital Energy, Inc. <br>7.875%, 04/15/2032<sup>(a)</sup> |  | 487 | 480620 |
|  Wildfire Intermediate Holdings LLC <br>7.50%, 10/15/2029<sup>(a)</sup> |  | 78 | 79146 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21238190 |
|  **Other Industrial – 1.1%** |  |  |  |
|  Belden, Inc. <br>3.375%, 07/15/2031<sup>(a)</sup> | EUR | 153 | 173699 |
|  Dealer Tire LLC/DT Issuer LLC <br>8.00%, 02/01/2028<sup>(a)</sup> | U.S.$| 337 | 327048 |
|  Gates Corp./DE <br>6.875%, 07/01/2029<sup>(a)</sup> |  | 373 | 387924 |
|  Pachelbel Bidco SpA<br>6.266% (EURIBOR 3 Month + 4.25%), 05/17/2031<sup>(a) (l)</sup> | EUR | 100 | 117928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 05/17/2031<sup>(a)</sup> |  | 125 | 157912 |
|  RB Global Holdings, Inc. <br>7.75%, 03/15/2031<sup>(a)</sup> | U.S.$| 337 | 354120 |
|  Resideo Funding, Inc.<br>4.00%, 09/01/2029<sup>(a)</sup> |  | 84 | 80494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 07/15/2032<sup>(a)</sup> |  | 172 | 175882 |
|  Stena International SA <br>7.25%, 01/15/2031<sup>(a)</sup> |  | 400 | 408636 |
|  Velocity Vehicle Group LLC <br>8.00%, 06/01/2029<sup>(a)</sup> |  | 602 | 610350 |
|  |  |  | 2793993 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Services – 5.4%** |  |  |  |
|  Allied Universal Holdco LLC <br>7.875%, 02/15/2031<sup>(a)</sup> | U.S.$| 325 | $341377 |
|  Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL<br>4.625%, 06/01/2028<sup>(a)</sup> |  | 1398 | 1365353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 06/01/2028<sup>(a)</sup> | GBP | 100 | 131423 |
|  ANGI Group LLC <br>3.875%, 08/15/2028<sup>(a)</sup> | U.S.$| 1197 | 1127598 |
|  Aramark Services, Inc. <br>5.00%, 02/01/2028<sup>(a)</sup> |  | 1096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1088876 |
|  Belron UK Finance PLC <br>5.75%, 10/15/2029<sup>(a)</sup> |  | 977 | 989437 |
|  Clarivate Science Holdings Corp.<br>3.875%, 07/01/2028<sup>(a)</sup> |  | 517 | 498931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 07/01/2029<sup>(a)</sup> |  | 918 | 868602 |
|  Engineering - Ingegneria Informatica - SpA<br>7.73% (EURIBOR 3 Month + 5.75%), 02/15/2030<sup>(a) (l)</sup> | EUR | 103 | 122914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 02/15/2030<sup>(a)</sup> |  | 119 | 150486 |
|  Garda World Security Corp.<br>4.625%, 02/15/2027<sup>(a)</sup> | U.S.$| 372 | 369433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/01/2029<sup>(a)</sup> |  | 565 | 560463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 08/01/2032<sup>(a)</sup> |  | 518 | 539015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 11/15/2032<sup>(a)</sup> |  | 124 | 129344 |
|  ION Trading Technologies SARL <br>9.50%, 05/30/2029<sup>(a)</sup> |  | 4 | 4187 |
|  Match Group Holdings II LLC<br>4.625%, 06/01/2028<sup>(a)</sup> |  | 80 | 78759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/15/2027<sup>(a)</sup> |  | 300 | 298407 |
|  Matthews International Corp. <br>8.625%, 10/01/2027<sup>(a)</sup> |  | 104 | 107766 |
|  Monitronics International, Inc. <br>9.125%, 04/01/2020<sup>(d) (e) (f) (h) (i)</sup> |  | 14 | 0 |
|  Prime Security Services Borrower LLC/Prime Finance, Inc.<br>3.375%, 08/31/2027<sup>(a)</sup> |  | 517 | 501712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/15/2026<sup>(a)</sup> |  | 182 | 182692 |
|  Rakuten Group, Inc. <br>9.75%, 04/15/2029<sup>(a)</sup> |  | 542 | 601815 |
|  Raven Acquisition Holdings LLC <br>6.875%, 11/15/2031<sup>(a)</sup> |  | 810 | 826937 |
|  Sabre GLBL, Inc.<br>10.75%, 11/15/2029<sup>(a)</sup> |  | 541 | 526350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.125%, 07/15/2030<sup>(a)</sup> |  | 845 | 828193 |
|  Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc. <br>5.50%, 05/15/2033<sup>(a)</sup> | EUR | 412 | 501324 |
|  Sotheby's <br>7.375%, 10/15/2027<sup>(a)</sup> | U.S.$| 386 | 382615 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Techem Verwaltungsgesellschaft 675 mbH <br>5.375%, 07/15/2029<sup>(a)</sup> | EUR | 178 | $215408 |
|  TriNet Group, Inc. <br>3.50%, 03/01/2029<sup>(a)</sup> | U.S.$| 124 | 116169 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13455586 |
|  **Technology – 3.3%** |  |  |  |
|  Almaviva-The Italian Innovation Co. SpA <br>5.00%, 10/30/2030<sup>(a)</sup> | EUR | 206 | 244557 |
|  AthenaHealth Group, Inc. <br>6.50%, 02/15/2030<sup>(a)</sup> | U.S.$| 28 | 27460 |
|  Cloud Software Group, Inc. <br>9.00%, 09/30/2029<sup>(a)</sup> |  | 243 | 253422 |
|  Conduent Business Services LLC/Conduent State & Local Solutions, Inc. <br>6.00%, 11/01/2029<sup>(a)</sup> |  | 50 | 47874 |
|  Consensus Cloud Solutions, Inc. <br>6.50%, 10/15/2028<sup>(a)</sup> |  | 72 | 72253 |
|  Diebold Nixdorf, Inc. <br>7.75%, 03/31/2030<sup>(a)</sup> |  | 334 | 354190 |
|  Ellucian Holdings, Inc. <br>6.50%, 12/01/2029<sup>(a)</sup> |  | 120 | 122444 |
|  Gen Digital, Inc. <br>6.75%, 09/30/2027<sup>(a)</sup> |  | 1446 | 1471609 |
|  GoTo Group, Inc. <br>5.50%, 05/01/2028<sup>(a)</sup> |  | 218 | 148939 |
|  Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL <br>8.75%, 05/01/2029<sup>(a)</sup> |  | 200 | 205446 |
|  Imola Merger Corp. <br>4.75%, 05/15/2029<sup>(a)</sup> |  | 493 | 481301 |
|  IPD 3 BV <br>5.50%, 06/15/2031<sup>(a)</sup> | EUR | 159 | 189214 |
|  Kioxia Holdings Corp. <br>6.25%, 07/24/2030<sup>(a)</sup> | U.S.$| 397 | 397500 |
|  Open Text Corp. <br>3.875%, 02/15/2028<sup>(a)</sup> |  | 593 | 576331 |
|  Playtika Holding Corp. <br>4.25%, 03/15/2029<sup>(a)</sup> |  | 402 | 369366 |
|  PTC, Inc. <br>4.00%, 02/15/2028<sup>(a)</sup> |  | 17 | 16658 |
|  Rackspace Finance LLC <br>3.50%, 05/15/2028<sup>(a)</sup> |  | 526 | 251221 |
|  Rackspace Technology Global, Inc. <br>5.375%, 12/01/2028<sup>(a)</sup> |  | 109 | 28083 |
|  Rocket Software, Inc. <br>9.00%, 11/28/2028<sup>(a)</sup> |  | 217 | 223482 |
|  Seagate Data Storage Technology Pte. Ltd. <br>9.625%, 12/01/2032<sup>(a)</sup> |  | 1206 | 1366543 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  TeamSystem SpA <br>5.00%, 07/01/2031<sup>(a)</sup> | EUR | 322 | $381744 |
|  TTM Technologies, Inc. <br>4.00%, 03/01/2029<sup>(a)</sup> | U.S.$| 91 | 87369 |
|  Twilio, Inc. <br>3.625%, 03/15/2029 |  | 180 | 171232 |
|  UKG, Inc. <br>6.875%, 02/01/2031<sup>(a)</sup> |  | 363 | 375309 |
|  Virtusa Corp. <br>7.125%, 12/15/2028<sup>(a)</sup> |  | 37 | 36225 |
|  Western Digital Corp. <br>4.75%, 02/15/2026 |  | 187 | 186617 |
|  ZoomInfo Technologies LLC/ZoomInfo Finance Corp. <br>3.875%, 02/01/2029<sup>(a)</sup> |  | 118 | 110783 |
|  |  |  | 8197172 |
|  **Transportation - Airlines – 1.3%** |  |  |  |
|  Allegiant Travel Co. <br>7.25%, 08/15/2027<sup>(a)</sup> |  | 840 | 854994 |
|  American Airlines, Inc./AAdvantage Loyalty IP Ltd. |  |  |  |
|  5.50%, 04/20/2026<sup>(a)</sup> |  | 71 | 71212 |
|  5.75%, 04/20/2029<sup>(a)</sup> |  | 1439 | 1447375 |
|  JetBlue Airways Corp./JetBlue Loyalty LP <br>9.875%, 09/20/2031<sup>(a)</sup> |  | 673 | 668585 |
|  OneSky Flight LLC <br>8.875%, 12/15/2029<sup>(a)</sup> |  | 74 | 77894 |
|  Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd. <br>11.00% (11.00% Cash or 8.00% Cash and 4.00% PIK), 03/12/2030<sup>(a) (b) (c)</sup> |  | 202 | 95124 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3215184 |
|  **Transportation - Services – 2.2%** |  |  |  |
|  Albion Financing 1 SARL/Aggreko Holdings, Inc. <br>5.375%, 05/21/2030<sup>(a)</sup> | EUR | 158 | 191210 |
|  Alta Equipment Group, Inc. <br>9.00%, 06/01/2029<sup>(a)</sup> | U.S.$| 50 | 47564 |
|  Avis Budget Car Rental LLC/Avis Budget Finance, Inc.<br>4.75%, 04/01/2028<sup>(a)</sup> |  | 935 | 905632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 03/01/2029<sup>(a)</sup> |  | 671 | 650883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/15/2027<sup>(a)</sup> |  | 6 | 5976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 06/15/2032<sup>(a)</sup> |  | 76 | 79323 |
|  Beacon Mobility Corp. <br>7.25%, 08/01/2030<sup>(a)</sup> |  | 857 | 888675 |
|  Dcli Bidco LLC <br>7.75%, 11/15/2029<sup>(a)</sup> |  | 131 | 134157 |
|  Edge Finco PLC <br>8.125%, 08/15/2031<sup>(a)</sup> | GBP | 134 | 192454 |
|  Hertz Corp. (The) |  |  |  |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 12/01/2026<sup>(a)</sup> | U.S.$| 284 | $263450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.625%, 07/15/2029<sup>(a)</sup> |  | 419 | 434306 |
|  Kapla Holding SAS <br>5.00%, 04/30/2031<sup>(a)</sup> | EUR | 359 | 424987 |
|  Mundys SpA <br>1.875%, 02/12/2028<sup>(a)</sup> |  | 153 | 174185 |
|  NESCO Holdings II, Inc. <br>5.50%, 04/15/2029<sup>(a)</sup> | U.S.$| 168 | 163948 |
|  PROG Holdings, Inc. <br>6.00%, 11/15/2029<sup>(a)</sup> |  | 918 | 897088 |
|  Rand Parent LLC <br>8.50%, 02/15/2030<sup>(a)</sup> |  | 116 | 120092 |
|  Upbound Group, Inc. <br>6.375%, 02/15/2029<sup>(a)</sup> |  | 82 | 80472 |
|  |  |  | 5654402 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178822598 |
|  **Financial Institutions – 6.8%** |  |  |  |
|  **Banking – 0.5%** |  |  |  |
|  Ally Financial, Inc. <br>Series C <br>4.70%, 05/15/2028<sup>(k)</sup> |  | 28 | 25512 |
|  Bread Financial Holdings, Inc.<br>8.375%, 06/15/2035<sup>(a)</sup> |  | 243 | 250421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.75%, 03/15/2029<sup>(a)</sup> |  | 575 | 614393 |
|  Freedom Mortgage Corp.<br>12.00%, 10/01/2028<sup>(a)</sup> |  | 267 | 285354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.25%, 10/01/2030<sup>(a)</sup> |  | 29 | 32164 |
|  |  |  | 1207844 |
|  **Brokerage – 1.7%** |  |  |  |
|  AG Issuer LLC <br>6.25%, 03/01/2028<sup>(a)</sup> |  | 259 | 259534 |
|  AG TTMT Escrow Issuer LLC <br>8.625%, 09/30/2027<sup>(a)</sup> |  | 414 | 424292 |
|  Aretec Group, Inc.<br>7.50%, 04/01/2029<sup>(a)</sup> |  | 101 | 101473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 08/15/2030<sup>(a)</sup> |  | 711 | 776547 |
|  Hightower Holding LLC<br>6.75%, 04/15/2029<sup>(a)</sup> |  | 11 | 10967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.125%, 01/31/2030<sup>(a)</sup> |  | 322 | 345757 |
|  Jane Street Group/JSG Finance, Inc.<br>4.50%, 11/15/2029<sup>(a)</sup> |  | 1753 | 1692171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 04/30/2031<sup>(a)</sup> |  | 193 | 201961 |
|  Osaic Holdings, Inc.<br>6.75%, 08/01/2032<sup>(a)</sup> |  | 20 | 20377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 08/01/2033<sup>(a)</sup> |  | 163 | 165215 |
|  VFH Parent LLC/Valor Co-Issuer, Inc. <br>7.50%, 06/15/2031<sup>(a)</sup> |  | 250 | 263150 |
|  |  |  | 4261444 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Finance – 2.5%** |  |  |  |
|  CNG Holdings, Inc. <br>14.50%, 06/30/2026<sup>(a)</sup> | U.S.$| 29 | $26100 |
|  Compass Group Diversified Holdings LLC <br>5.25%, 04/15/2029<sup>(a)</sup> |  | 762 | 703075 |
|  Enova International, Inc.<br>9.125%, 08/01/2029<sup>(a)</sup> |  | 1003 | 1057563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.25%, 12/15/2028<sup>(a)</sup> |  | 119 | 126898 |
|  Freedom Mortgage Holdings LLC<br>8.375%, 04/01/2032<sup>(a)</sup> |  | 370 | 382162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.125%, 05/15/2031<sup>(a)</sup> |  | 76 | 79824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 02/01/2029<sup>(a)</sup> |  | 62 | 65017 |
|  goeasy Ltd.<br>6.875%, 05/15/2030<sup>(a)</sup> |  | 120 | 121913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 10/01/2030<sup>(a)</sup> |  | 410 | 422591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 07/01/2029<sup>(a)</sup> |  | 119 | 123210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 12/01/2028<sup>(a)</sup> |  | 196 | 206269 |
|  Jefferies Finance LLC/JFIN Co-Issuer Corp. <br>5.00%, 08/15/2028<sup>(a)</sup> |  | 1242 | 1206938 |
|  Midcap Financial Issuer Trust <br>6.50%, 05/01/2028<sup>(a)</sup> |  | 202 | 201422 |
|  Navient Corp.<br>5.50%, 03/15/2029 |  | 141 | 139308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 08/01/2033 |  | 577 | 526582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.375%, 07/25/2030 |  | 373 | 412173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.50%, 03/15/2031 |  | 454 | 513247 |
|  Planet Financial Group LLC <br>10.50%, 12/15/2029<sup>(a)</sup> |  | 65 | 67337 |
|  |  |  | 6381629 |
|  **Financial Services – 0.9%** |  |  |  |
|  1261229 BC Ltd. <br>10.00%, 04/15/203<sup>(a)</sup> |  | 584 | 607208 |
|  Armor Holdco, Inc. <br>8.50%, 11/15/2029<sup>(a)</sup> |  | 151 | 148095 |
|  Encore Capital Group, Inc. <br>9.25%, 04/01/2029<sup>(a)</sup> |  | 1130 | 1196512 |
|  ESC Parkland Contra <br>5.875%, 07/15/2027<sup>(e) (g) (h)</sup> |  | 280 | 0 |
|  Jefferson Capital Holdings LLC <br>8.25%, 05/15/2030<sup>(a)</sup> |  | 172 | 180347 |
|  Titanium 2l Bondco SARL <br>6.25%, 01/14/2031<sup>(b)</sup> | EUR | 109 | 35069 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2167231 |
|  **Insurance – 0.5%** |  |  |  |
|  Acrisure LLC/Acrisure Finance, Inc.<br>6.00%, 08/01/2029<sup>(a)</sup> | U.S.$| 162 | 159333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 02/01/2029<sup>(a)</sup> |  | 109 | 113372 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer <br>6.75%, 04/15/2028<sup>(a)</sup> | U.S.$| 60 | $61236 |
|  APH Somerset Investor 2 LLC/APH2 Somerset Investor 2 LLC/APH3 Somerset Inves <br>7.875%, 11/01/2029<sup>(a)</sup> |  | 151 | 157146 |
|  Ardonagh Finco Ltd. <br>6.875%, 02/15/2031<sup>(a)</sup> | EUR | 202 | 245918 |
|  Ardonagh Group Finance Ltd. <br>8.875%, 02/15/2032<sup>(a)</sup> | U.S.$| 289 | 305935 |
|  Howden UK Refinance PLC/Howden UK Refinance 2 PLC/Howden US Refinance LLC <br>8.125%, 02/15/2032<sup>(a)</sup> |  | 190 | 197999 |
|  |  |  | 1240939 |
|  **REITs – 0.7%** |  |  |  |
|  Aedas Homes Opco SL <br>4.00%, 08/15/2026<sup>(a)</sup> | EUR | 111 | 129789 |
|  Brandywine Operating Partnership LP <br>8.875%, 04/12/2029 | U.S.$| 84 | 91357 |
|  Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL <br>5.75%, 05/15/2026<sup>(a)</sup> |  | 2 | 1997 |
|  CoreLogic, Inc. <br>4.50%, 05/01/2028<sup>(a)</sup> |  | 102 | 97989 |
|  Five Point Operating Co. LP/Five Point Capital Corp. <br>10.50%, 01/15/2028<sup>(a) (c)</sup> |  | 435 | 439004 |
|  Hunt Cos., Inc. <br>5.25%, 04/15/2029<sup>(a)</sup> |  | 83 | 81152 |
|  MPT Operating Partnership LP/MPT Finance Corp. <br>8.50%, 02/15/2032<sup>(a)</sup> |  | 154 | 161363 |
|  Rithm Capital Corp. <br>8.00%, 04/01/2029<sup>(a)</sup> |  | 106 | 108562 |
|  RLJ Lodging Trust LP <br>4.00%, 09/15/2029<sup>(a)</sup> |  | 107 | 100392 |
|  SBA Communications Corp. <br>3.875%, 02/15/2027 |  | 386 | 379542 |
|  Service Properties Trust <br>8.375%, 06/15/2029 |  | 223 | 230504 |
|  |  |  | 1821651 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17080738 |
|  **Utility – 2.6%** |  |  |  |
|  **Electric – 2.5%** |  |  |  |
|  Calpine Corp.<br>4.50%, 02/15/2028<sup>(a)</sup> |  | 1207 | 1195884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 03/15/2028<sup>(a)</sup> |  | 745 | 744203 |
|  NRG Energy, Inc. |  |  |  |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 02/15/2029<sup>(a)</sup> | U.S.$| 1132 | $1073521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/15/2029<sup>(a)</sup> |  | 386 | 384699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/15/2029<sup>(a)</sup> |  | 647 | 648928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.25%, 03/15/2028<sup>(a) (k)</sup> |  | 47 | 51794 |
|  Vistra Corp.<br>7.00%, 12/15/2026<sup>(a) (k)</sup> |  | 28 | 28384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 10/15/2026<sup>(a) (k)</sup> |  | 29 | 29677 |
|  Vistra Operations Co. LLC<br>4.375%, 05/01/2029<sup>(a)</sup> |  | 1654 | 1617595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/01/2026<sup>(a)</sup> |  | 217 | 217135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 02/15/2027<sup>(a)</sup> |  | 413 | 412868 |
|  |  |  | 6404688 |
|  **Natural Gas – 0.1%** |  |  |  |
|  Venture Global Plaquemines LNG LLC <br>7.75%, 05/01/2035<sup>(a)</sup> |  | 119 | 132533 |
|  |  |  | 6537221 |
|  Total Corporates - Non-Investment Grade <br>(cost $200,605,111) |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202440557 |
|  **CORPORATES - INVESTMENT GRADE – 12.0%** |  |  |  |
|  **Industrial – 7.7%** |  |  |  |
|  **Basic – 0.1%** |  |  |  |
|  Glencore Funding LLC <br>5.634%, 04/04/2034<sup>(a)</sup> |  | 137 | 140625 |
|  **Capital Goods – 0.1%** |  |  |  |
|  Vertiv Group Corp. <br>4.125%, 11/15/2028<sup>(a)</sup> |  | 154 | 150355 |
|  **Communications - Media – 0.8%** |  |  |  |
|  Charter Communications Operating LLC/Charter Communications Operating Capital<br>5.375%, 04/01/2038 |  | 97 | 90734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.484%, 10/23/2045 |  | 776 | 754365 |
|  DIRECTV Financing LLC/Directv Financing Co-Obligor, Inc.<br>5.875%, 08/15/2027<sup>(a)</sup> |  | 669 | 665742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 02/15/2031<sup>(a)</sup> |  | 487 | 483367 |
|  Time Warner Cable LLC <br>7.30%, 07/01/2038 |  | 104 | 113271 |
|  |  |  | 2107479 |
|  **Communications - Telecommunications – 0.2%** |  |  |  |
|  TELUS Corp.<br>6.625%, 10/15/2055 |  | 229 | 233124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 10/15/2055 |  | 309 | 316904 |
|  |  |  | 550028 |
|  **Consumer Cyclical - Automotive – 0.8%** |  |  |  |
|  Adient Global Holdings Ltd. <br>7.00%, 04/15/2028<sup>(a)</sup> |  | 570 | 586479 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Ford Motor Co. <br>3.25%, 02/12/2032 | U.S.$| 136 | $116533 |
|  Ford Motor Credit Co. LLC<br>2.70%, 08/10/2026 |  | 200 | 195996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 02/10/2029 |  | 150 | 138203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 05/28/2027 |  | 200 | 199474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.532%, 03/19/2032 |  | 430 | 442117 |
|  General Motors Financial Co., Inc. <br>2.70%, 06/10/2031 |  | 64 | 56781 |
|  Phinia, Inc. <br>6.75%, 04/15/2029<sup>(a)</sup> |  | 197 | 203621 |
|  Qnity Electronics, Inc. <br>5.75%, 08/15/2032<sup>(a)</sup> |  | 156 | 158616 |
|  |  |  | 2097820 |
|  **Consumer Cyclical - Entertainment – 0.2%** |  |  |  |
|  Carnival Corp. <br>4.00%, 08/01/2028<sup>(a)</sup> |  | 425 | 417486 |
|  Royal Caribbean Cruises Ltd. <br>5.625%, 09/30/2031<sup>(a)</sup> |  | 40 | 40680 |
|  |  |  | 458166 |
|  **Consumer Cyclical - Other – 1.1%** |  |  |  |
|  Flutter Treasury DAC<br>4.00%, 06/04/2031<sup>(a)</sup> | EUR | 131 | 153224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/29/2029<sup>(a)</sup> |  | 103 | 124482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 06/04/2031<sup>(a)</sup> | U.S.$| 200 | 203808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 06/04/2031<sup>(a)</sup> | GBP | 200 | 272050 |
|  JH North America Holdings, Inc.<br>5.875%, 01/31/2031<sup>(a)</sup> | U.S.$| 62 | 62663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 07/31/2032<sup>(a)</sup> |  | 282 | 286495 |
|  Las Vegas Sands Corp. <br>5.625%, 06/15/2028 |  | 307 | 314070 |
|  MDC Holdings, Inc. <br>6.00%, 01/15/2043 |  | 86 | 78674 |
|  Resorts World Las Vegas LLC/RWLV Capital, Inc. <br>4.625%, 04/16/2029<sup>(a)</sup> |  | 900 | 808875 |
|  Voyager Parent LLC <br>9.25%, 07/01/2032<sup>(a)</sup> |  | 456 | 481335 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2785676 |
|  **Consumer Non-Cyclical – 0.5%** |  |  |  |
|  Charles River Laboratories International, Inc. <br>3.75%, 03/15/2029<sup>(a)</sup> |  | 347 | 329147 |
|  Jazz Securities DAC <br>4.375%, 01/15/2029<sup>(a)</sup> |  | 809 | 792157 |
|  Viatris, Inc. <br>2.70%, 06/22/2030 |  | 204 | 183273 |
|  |  |  | 1304577 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Energy – 1.9%** | **Energy – 1.9%** | **Energy – 1.9%** | **Energy – 1.9%** |
|  Continental Resources, Inc./OK<br>2.875%, 04/01/2032<sup>(a)</sup> | U.S.$| 241 | $206956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 06/01/2044 |  | 16 | 12627 |
|  Energy Transfer LP <br>8.00%, 05/15/2054 |  | 65 | 69132 |
|  Harbour Energy PLC <br>6.327%, 04/01/2035<sup>(a)</sup> |  | 1029 | 1041667 |
|  Hess Midstream Operations LP<br>5.125%, 06/15/2028<sup>(a)</sup> |  | 799 | 797778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/01/2028<sup>(a)</sup> |  | 57 | 57995 |
|  Permian Resources Operating LLC<br>5.875%, 07/01/2029<sup>(a)</sup> |  | 208 | 208040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 01/15/2032<sup>(a)</sup> |  | 169 | 175079 |
|  Var Energi ASA<br>5.875%, 05/22/2030<sup>(a)</sup> |  | 241 | 249847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 05/22/2035<sup>(a)</sup> |  | 241 | 251811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 01/15/2028<sup>(a)</sup> |  | 200 | 212230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 11/15/2032<sup>(a)</sup> |  | 200 | 229096 |
|  Venture Global Calcasieu Pass LLC <br>3.875%, 08/15/2029<sup>(a)</sup> |  | 695 | 666373 |
|  Woodside Finance Ltd.<br>5.40%, 05/19/2030 |  | 137 | 140762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/19/2035 |  | 354 | 365604 |
|  |  |  | 4684997 |
|  **Other Industrial – 0.9%** |  |  |  |
|  American Builders & Contractors Supply Co., Inc. <br>4.00%, 01/15/2028<sup>(a)</sup> |  | 1259 | 1231743 |
|  RB Global Holdings, Inc. <br>6.75%, 03/15/2028<sup>(a)</sup> |  | 902 | 923143 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2154886 |
|  **Services – 0.6%** |  |  |  |
|  Block, Inc.<br>2.75%, 06/01/2026 |  | 977 | 961563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 08/15/2030<sup>(a)</sup> |  | 355 | 363460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 08/15/2033<sup>(a)</sup> |  | 216 | 221735 |
|  |  |  | 1546758 |
|  **Transportation - Airlines – 0.1%** |  |  |  |
|  AS Mileage Plan IP Ltd. <br>5.021%, 10/20/2029<sup>(a)</sup> |  | 46 | 46022 |
|  United Airlines, Inc. <br>4.625%, 04/15/2029<sup>(a)</sup> |  | 229 | 225579 |
|  |  |  | 271601 |
|  **Transportation - Services – 0.4%** |  |  |  |
|  Stonepeak Nile Parent LLC <br>7.25%, 03/15/2032<sup>(a)</sup> |  | 50 | 52573 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  United Rentals North America, Inc. <br>3.875%, 11/15/2027 | U.S.$| 1000 | $983720 |
|  |  |  | 1036293 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19289261 |
|  **Financial Institutions – 4.2%** |  |  |  |
|  **Banking – 3.6%** |  |  |  |
|  Ally Financial, Inc.<br>5.543%, 01/17/2031 |  | 177 | 181081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.737%, 05/15/2029 |  | 221 | 226733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.646%, 01/17/2040 |  | 297 | 295161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 02/14/2033 |  | 121 | 125788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.848%, 01/03/2030 |  | 83 | 88109 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series B<br>4.70%, 05/15/2026<sup>(k)</sup> |  | 164 | 159746 |
|  Banco Bilbao Vizcaya Argentaria SA <br>6.033%, 03/13/2035 |  | 200 | 209834 |
|  Banco Santander SA<br>6.35%, 03/14/2034 |  | 200 | 212012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.921%, 08/08/2033 |  | 400 | 440228 |
|  Barclays PLC <br>5.785%, 02/25/2036 |  | 482 | 496788 |
|  BNP Paribas SA <br>4.625%, 02/25/2031<sup>(a) (k)</sup> |  | 454 | 404832 |
|  BPCE SA <br>6.508%, 01/18/2035<sup>(a)</sup> |  | 250 | 261757 |
|  CaixaBank SA<br>5.581%, 07/03/2036<sup>(a)</sup> |  | 216 | 218305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.84%, 09/13/2034<sup>(a)</sup> |  | 235 | 259917 |
|  Capital One Financial Corp. <br>6.183%, 01/30/2036 |  | 184 | 189882 |
|  Citigroup, Inc.<br>5.827%, 02/13/2035 |  | 211 | 216431 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series AA<br>7.625%, 11/15/2028<sup>(k)</sup> |  | 32 | 33575 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series W<br>4.00%, 12/10/2025<sup>(k)</sup> |  | 18 | 17866 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series Y<br>4.15%, 11/15/2026<sup>(k)</sup> |  | 46 | 44908 |
|  Deutsche Bank AG/New York NY<br>3.729%, 01/14/2032 |  | 387 | 362220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.742%, 01/07/2033 |  | 200 | 183088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.079%, 02/10/2034 |  | 204 | 221579 |
|  Lloyds Banking Group PLC<br>6.00%, 06/07/2032<sup>(k)</sup> | GBP | 8 | 9972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.068%, 06/13/2036 | U.S.$| 327 | 338344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 09/29/2025<sup>(k)</sup> |  | 219 | 219388 |
|  Nationwide Building Society <br>5.537%, 07/14/2036<sup>(a)</sup> |  | 213 | 216883 |
|  Societe Generale SA<br>3.625%, 03/01/2041<sup>(a)</sup> |  | 250 | 179895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.512%, 05/22/2031<sup>(a)</sup> |  | 539 | 550852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.367%, 01/10/2053<sup>(a)</sup> |  | 200 | 210338 |
|  Synchrony Financial |  |  |  |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/06/2031 | U.S.$| 101 | $102920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.935%, 08/02/2030 |  | 82 | 84947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 02/02/2033 |  | 921 | 970854 |
|  UBS Group AG<br>7.125%, 08/10/2034<sup>(a) (k)</sup> |  | 297 | 301880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 11/13/2028<sup>(a) (k)</sup> |  | 355 | 388775 |
|  UniCredit SpA <br>5.861%, 06/19/2032<sup>(a)</sup> |  | 600 | 607344 |
|  Wells Fargo & Co. <br>Series BB <br>3.90%, 03/15/2026<sup>(k)</sup> |  | 111 | 109936 |
|  |  |  | 9142168 |
|  **Brokerage – 0.1%** |  |  |  |
|  CI Financial Corp. <br>3.20%, 12/17/2030 |  | 158 | 142107 |
|  **Finance – 0.0%** |  |  |  |
|  Air Lease Corp. <br>Series B <br>4.65%, 06/15/2026<sup>(k)</sup> |  | 50 | 49531 |
|  Aircastle Ltd. <br>5.25%, 06/15/2026<sup>(a) (k)</sup> |  | 29 | 28856 |
|  |  |  | 78387 |
|  **Insurance – 0.1%** |  |  |  |
|  ACE Capital Trust II <br>9.70%, 04/01/2030 |  | 20 | 24088 |
|  Centene Corp. <br>2.625%, 08/01/2031 |  | 172 | 145868 |
|  Global Atlantic Fin Co. <br>4.70%, 10/15/2051<sup>(a)</sup> |  | 59 | 58073 |
|  |  |  | 228029 |
|  **REITs – 0.4%** |  |  |  |
|  Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp. <br>4.75%, 06/15/2029<sup>(a)</sup> |  | 84 | 82177 |
|  Newmark Group, Inc. <br>7.50%, 01/12/2029 |  | 630 | 674566 |
|  Omega Healthcare Investors, Inc. <br>5.20%, 07/01/2030 |  | 131 | 132880 |
|  |  |  | 889623 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10480314 |
|  **Utility – 0.1%** |  |  |  |
|  **Electric – 0.1%** |  |  |  |
|  American Electric Power Co., Inc. <br>6.95%, 12/15/2054 |  | 80 | 85147 |
|  Vistra Operations Co. LLC <br>6.95%, 10/15/2033<sup>(a)</sup> |  | 71 | 78474 |
|  |  |  | 163621 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Total Corporates - Investment Grade <br>(cost $29,101,818) | Total Corporates - Investment Grade <br>(cost $29,101,818) | Total Corporates - Investment Grade <br>(cost $29,101,818) | $| 29933196 |
|  **BANK LOANS – 3.3%** | **BANK LOANS – 3.3%** | **BANK LOANS – 3.3%** | **BANK LOANS – 3.3%** | **BANK LOANS – 3.3%** |
|  **Industrial – 2.8%** | **Industrial – 2.8%** | **Industrial – 2.8%** | **Industrial – 2.8%** | **Industrial – 2.8%** |
|  **Basic – 0.2%** | **Basic – 0.2%** | **Basic – 0.2%** | **Basic – 0.2%** | **Basic – 0.2%** |
|  INEOS US Petrochem LLC<br>8.166%, 03/14/2030<sup>(m)</sup> | U.S.$| 99 |  | 85470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.666% (CME Term SOFR 1 Month + 4.25%), 04/02/2029<sup>(e) (n)</sup> |  | 494 |  | 443140 |
|  |  |  |  | 528610 |
|  **Capital Goods – 0.2%** | **Capital Goods – 0.2%** | **Capital Goods – 0.2%** | **Capital Goods – 0.2%** | **Capital Goods – 0.2%** |
|  ACProducts Holdings, Inc. <br>8.807% (SOFR + 4.25%), 05/17/2028<sup>(n)</sup> |  | 95 |  | 76745 |
|  ECO Material Technologies, Inc. <br>7.467% (CME Term SOFR 6 Month + 3.250%), 02/12/2032<sup>(e) (n)</sup> |  | 380 |  | 380000 |
|  |  |  |  | 456745 |
|  **Communications - Media – 0.4%** | **Communications - Media – 0.4%** | **Communications - Media – 0.4%** | **Communications - Media – 0.4%** | **Communications - Media – 0.4%** |
|  DIRECTV Financing LLC <br>9.820% (SOFR + 5.25%), 08/02/2029<sup>(n)</sup> |  | 408 |  | 404486 |
|  Gray Television, Inc. <br>7.468% (CME Term SOFR 3 Month + 3.00%), 12/01/2028<sup>(n)</sup> |  | 188 |  | 187501 |
|  iHeartCommunications, Inc. <br>10.629% (CME Term SOFR 3 Month + 5.78%), 05/01/2029<sup>(n)</sup> |  | 246 |  | 206305 |
|  Radiate Holdco, LLC<br>1.500%, 09/25/2029<sup>(m)</sup> |  | 145 |  | 117596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.931%, 09/25/2029<sup>(m)</sup> |  | 145 |  | 117596 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1033484 |
|  **Communications - Telecommunications – 0.0%** | **Communications - Telecommunications – 0.0%** | **Communications - Telecommunications – 0.0%** | **Communications - Telecommunications – 0.0%** | **Communications - Telecommunications – 0.0%** |
|  Crown Subsea Commercial Holding, Inc. <br>7.818% (CME Term SOFR 3 Month + 3.50%), 01/30/2031<sup>(n)</sup> |  | 50 |  | 49856 |
|  Lumen Technologies, Inc. <br>6.781% (CME Term SOFR 1 Month + 2.35%), 04/16/2029<sup>(n)</sup> |  | 63 |  | 62731 |
|  |  |  |  | 112587 |
|  **Consumer Cyclical - Automotive – 0.1%** | **Consumer Cyclical - Automotive – 0.1%** | **Consumer Cyclical - Automotive – 0.1%** | **Consumer Cyclical - Automotive – 0.1%** | **Consumer Cyclical - Automotive – 0.1%** |
|  RealTruck Group, Inc. <br>10.310% (CME Term SOFR 3 Month + 5.00%), 01/31/2028<sup>(n)</sup> |  | 219 |  | 204732 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Consumer Cyclical - Other – 0.1%** | **Consumer Cyclical - Other – 0.1%** | **Consumer Cyclical - Other – 0.1%** | **Consumer Cyclical - Other – 0.1%** |
|  CP Atlas Buyer, Inc. <br>9.566% (CME Term SOFR 1 Month + 5.25%), 07/08/2030<sup>(n)</sup> | U.S.$| 100 | $95950 |
|  Weber-Stephen Products LLC <br>7.681% (CME Term SOFR 3 Month + 3.25%), 10/30/2027<sup>(n)</sup> |  | 119 | 118830 |
|  |  |  | 214780 |
|  **Consumer Cyclical - Retailers – 0.2%** | **Consumer Cyclical - Retailers – 0.2%** | **Consumer Cyclical - Retailers – 0.2%** | **Consumer Cyclical - Retailers – 0.2%** |
|  Foundation Building Materials, Inc. <br>9.546% (CME Term SOFR 3 Month + 5.25%), 01/29/2031<sup>(n)</sup> |  | 460 | 462990 |
|  **Consumer Non-Cyclical – 0.5%** | **Consumer Non-Cyclical – 0.5%** | **Consumer Non-Cyclical – 0.5%** | **Consumer Non-Cyclical – 0.5%** |
|  Gainwell Acquisition Corp. <br>8.396% (SOFR + 4.00%), 10/01/2027<sup>(n)</sup> |  | 38 | 37503 |
|  ModivCare, Inc. <br>11.370%, 02/22/2026<sup>(e) (m)</sup> |  | 102 | 100202 |
|  MPH Acquisition Holdings LLC <br>8.058% (CME Term SOFR 3 Month + 3.75%), 12/31/2030<sup>(n)</sup> |  | 57 | 56665 |
|  Neptune Bidco US, Inc. <br>9.429% (CME Term SOFR 3 Month + 5.00%), 04/11/2029<sup>(n)</sup> |  | 571 | 554022 |
|  Opal US LLC <br>7.435% (CME Term SOFR 6 Month + 3.25%), 04/28/2032<sup>(n)</sup> |  | 356 | 357780 |
|  US Radiology Specialists, Inc. <br>9.046% (SOFR + 4.75%), 12/15/2027<sup>(n)</sup> |  | 86 | 86709 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1192881 |
|  **Other Industrial – 0.1%** | **Other Industrial – 0.1%** | **Other Industrial – 0.1%** | **Other Industrial – 0.1%** |
|  American Tire Distributors, Inc. <br>14.750% (SOFR + 7.25%), 10/20/2028<sup>(e) (n)</sup> |  | 32 | 6435 |
|  LTR Intermediate Holdings, Inc. <br>8.931% (CME Term SOFR 1 Month + 4.50%), 05/05/2028<sup>(e) (n)</sup> |  | 190 | 189050 |
|  |  |  | 195485 |
|  **Technology – 0.9%** | **Technology – 0.9%** | **Technology – 0.9%** | **Technology – 0.9%** |
|  Ascend Learning LLC <br>10.166% (SOFR + 5.75%), 12/10/2029<sup>(n)</sup> |  | 24 | 23486 |
|  Clover Holdings 2, LLC <br>7.750%, 12/09/2031<sup>(e)</sup> |  | 401 | 399992 |
|  Clover Holdings SPV III LLC <br>15.000%, 12/09/2027<sup>(e)</sup> |  | 13 | 13335 |
|  Commscope, Inc. <br>9.597%, 12/17/2029<sup>(m)</sup> |  | 584 | 593486 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Loyalty Ventures, Inc. <br>14.000% (CME Term SOFR 3 Month + 5.50%), 11/03/2027<sup>(e) (f) (h) (j) (n)</sup> | U.S.$| 115 | $| 864 |
|  Peraton Corp.<br>8.166% (CME Term SOFR 1 Month + 3.75%), 02/01/2028<sup>(n)</sup> |  | 269 |  | 230707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.604% (CME Term SOFR 3 Month + 7.75%), 02/01/2029<sup>(n)</sup> |  | 378 |  | 227969 |
|  Polaris Newco LLC <br>8.320% (CME Term SOFR 3 Month + 3.75%), 06/02/2028<sup>(n)</sup> |  | 470 |  | 446019 |
|  Project Alpha Intermediate Holdings, Inc. <br>10.122% (CME Term SOFR 1 Month + 5.00%), 05/09/2033<sup>(e) (n)</sup> |  | 260 |  | 258864 |
|  Veritas US, Inc.<br>4.500% (PIK Interest 4 + 4.50%), 12/09/2029<sup>(e) (n)</sup> |  | 16 |  | 16005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.296% (CME Term SOFR 3 Month + 8.00%), 12/09/2029<sup>(e) (n)</sup> |  | 16 |  | 16005 |
|  |  |  |  | 2226732 |
|  **Transportation - Airlines – 0.1%** | **Transportation - Airlines – 0.1%** | **Transportation - Airlines – 0.1%** | **Transportation - Airlines – 0.1%** | **Transportation - Airlines – 0.1%** |
|  AS Mileage Plan IP Ltd. <br>6.076% (CME Term SOFR 3 Month + 1.75%), 10/15/2031<sup>(n)</sup> |  | 129 |  | 129226 |
|  JetBlue Airways Corp. <br>9.069% (CME Term SOFR 3 Month + 4.75%), 08/27/2029<sup>(n)</sup> |  | 199 |  | 187186 |
|  |  |  |  | 316412 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6945438 |
|  **Financial Institutions – 0.5%** | **Financial Institutions – 0.5%** | **Financial Institutions – 0.5%** | **Financial Institutions – 0.5%** | **Financial Institutions – 0.5%** |
|  **Brokerage – 0.1%** | **Brokerage – 0.1%** | **Brokerage – 0.1%** | **Brokerage – 0.1%** | **Brokerage – 0.1%** |
|  Jane Street Group LLC <br>6.199% (CME Term SOFR 3 Month + 2.00%), 12/15/2031<sup>(n)</sup> |  | 318 |  | 316344 |
|  **Finance – 0.2%** | **Finance – 0.2%** | **Finance – 0.2%** | **Finance – 0.2%** | **Finance – 0.2%** |
|  Nexus Buyer LLC <br>10.066% (CME Term SOFR 1 Month + 5.75%), 02/16/2032<sup>(n)</sup> |  | 410 |  | 407438 |
|  **Financial Services – 0.1%** | **Financial Services – 0.1%** | **Financial Services – 0.1%** | **Financial Services – 0.1%** | **Financial Services – 0.1%** |
|  Colossus Acquireco LLC <br>6.050% (CME Term SOFR 3 Month + 1.75%), 07/30/2032<sup>(n)</sup> |  | 120 |  | 119228 |
|  Rackspace Finance LLC <br>7.222% (CME Term SOFR 1 Month + 2.75%), 05/15/2028<sup>(n)</sup> |  | 364 |  | 183076 |
|  |  |  |  | 302304 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Insurance – 0.1%** | **Insurance – 0.1%** | **Insurance – 0.1%** |
|  Asurion LLC <br>8.666% (SOFR + 4.25%), 08/19/2028<sup>(n)</sup> | 156 | $156180 |
|  |  | 1182266 |
|  Total Bank Loans <br>(cost $8,400,054) | Total Bank Loans <br>(cost $8,400,054) | 8127704 |
|  **EMERGING MARKETS - CORPORATE BONDS – 0.9%** | **EMERGING MARKETS - CORPORATE BONDS – 0.9%** | **EMERGING MARKETS - CORPORATE BONDS – 0.9%** |
|  **Industrial – 0.9%** | **Industrial – 0.9%** | **Industrial – 0.9%** |
|  **Basic – 0.2%** | **Basic – 0.2%** | **Basic – 0.2%** |
|  First Quantum Minerals Ltd.<br>8.00%, 03/01/2033<sup>(a)</sup> | 227 | 235342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.375%, 03/01/2029<sup>(a)</sup> | 201 | 213040 |
|  |  | 448382 |
|  **Consumer Cyclical - Other – 0.7%** | **Consumer Cyclical - Other – 0.7%** | **Consumer Cyclical - Other – 0.7%** |
|  Melco Resorts Finance Ltd. <br>5.375%, 12/04/2029<sup>(a)</sup> | 236 | 227740 |
|  MGM China Holdings Ltd.<br>4.75%, 02/01/2027<sup>(a)</sup> | 221 | 219066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 06/26/2031<sup>(a)</sup> | 331 | 345481 |
|  Studio City Co., Ltd. <br>7.00%, 02/15/2027<sup>(a)</sup> | 200 | 201500 |
|  Wynn Macau Ltd.<br>5.125%, 12/15/2029<sup>(a)</sup> | 390 | 377179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 02/15/2034<sup>(a)</sup> | 417 | 418420 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1789386 |
|  **Consumer Cyclical - Retailers – 0.0%** | **Consumer Cyclical - Retailers – 0.0%** | **Consumer Cyclical - Retailers – 0.0%** |
|  K2016470219 South Africa Ltd. <br>3.00%, 12/31/2022<sup>(d) (e) (f) (g) (h)</sup> | 15 | 0 |
|  K2016470260 South Africa Ltd. <br>25.00%, 12/31/2022<sup>(d) (e) (f) (g) (h)</sup> | 3 | 0 |
|  |  | 0 |
|  |  | 2237768 |
|  **Utility – 0.0%** | **Utility – 0.0%** | **Utility – 0.0%** |
|  **Electric – 0.0%** | **Electric – 0.0%** | **Electric – 0.0%** |
|  Terraform Global Operating LP <br>6.125%, 03/01/2026<sup>(a)</sup> | 10 | 9952 |
|  Total Emerging Markets - Corporate Bonds <br>(cost $2,181,974) | Total Emerging Markets - Corporate Bonds <br>(cost $2,181,974) | 2247720 |
|  | **Shares** |  |
|  **PREFERRED STOCKS – 0.0%** | **PREFERRED STOCKS – 0.0%** | **PREFERRED STOCKS – 0.0%** |
|  **Industrials – 0.0%** | **Industrials – 0.0%** | **Industrials – 0.0%** |
|  **Consumer Cyclical - Automotive – 0.0%** | **Consumer Cyclical - Automotive – 0.0%** | **Consumer Cyclical - Automotive – 0.0%** |
|  Exide International Holdings LP <br>0.00%<sup>(e) (f) (g) (h)</sup> | 39 | 43875 |

---

------

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **Consumer Cyclical - Other – 0.0%** | **Consumer Cyclical - Other – 0.0%** | **Consumer Cyclical - Other – 0.0%** |
|  Hovnanian Enterprises, Inc. <br>7.625% | 490 | $9751 |
|  **Other Industrial – 0.0%** | **Other Industrial – 0.0%** | **Other Industrial – 0.0%** |
|  Asphalt ATD Holdco - Class A <br>0.00%<sup>(e) (f) (h)</sup> | 194 | 4813 |
|  **Technology – 0.0%** | **Technology – 0.0%** | **Technology – 0.0%** |
|  Veritas US, Inc. <br>0.00%<sup>(e) (f) (g)</sup> | 678 | 15425 |
|  |  | 73864 |
|  **Financials – 0.0%** | **Financials – 0.0%** | **Financials – 0.0%** |
|  **Brokerage – 0.0%** | **Brokerage – 0.0%** | **Brokerage – 0.0%** |
|  Osaic Financial Services, Inc. <br>Series A <br>8.00% | 2175 | 39367 |
|  Total Preferred Stocks <br>(cost $68,409) | Total Preferred Stocks <br>(cost $68,409) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113231 |
|  **COMMON STOCKS – 0.0%** | **COMMON STOCKS – 0.0%** | **COMMON STOCKS – 0.0%** |
|  **Financials – 0.0%** | **Financials – 0.0%** | **Financials – 0.0%** |
|  **Financial Services – 0.0%** | **Financial Services – 0.0%** | **Financial Services – 0.0%** |
|  Curo Group Holdings LLC<sup>(f)</sup> | 9491 | 56946 |
|  **Energy – 0.0%** | **Energy – 0.0%** | **Energy – 0.0%** |
|  **Energy Equipment & Services – 0.0%** | **Energy Equipment & Services – 0.0%** | **Energy Equipment & Services – 0.0%** |
|  BIS Industries Holdings Ltd.<sup>(e) (f) (h)</sup> | 21027 | 0 |
|  CHC Group LLC<sup>(e) (f) (h)</sup> | 468 | 0 |
|  |  | 0 |
|  **Oil, Gas & Consumable Fuels – 0.0%** | **Oil, Gas & Consumable Fuels – 0.0%** | **Oil, Gas & Consumable Fuels – 0.0%** |
|  New Fortress Energy, Inc.<sup>(f) (h)</sup> | 5687 | 13990 |
|  |  | 13990 |
|  **Industrials – 0.0%** | **Industrials – 0.0%** | **Industrials – 0.0%** |
|  **Electrical Equipment – 0.0%** | **Electrical Equipment – 0.0%** | **Electrical Equipment – 0.0%** |
|  Exide Technologies<sup>(e) (f) (h)</sup> | 7 | 3500 |
|  **Consumer Staples – 0.0%** | **Consumer Staples – 0.0%** | **Consumer Staples – 0.0%** |
|  **Household Products – 0.0%** | **Household Products – 0.0%** | **Household Products – 0.0%** |
|  Southeastern Grocers, Inc.<sup>(e) (f) (h) (i)</sup> | 3584 | 144 |
|  **Consumer Discretionary – 0.0%** | **Consumer Discretionary – 0.0%** | **Consumer Discretionary – 0.0%** |
|  **Broadline Retail – 0.0%** | **Broadline Retail – 0.0%** | **Broadline Retail – 0.0%** |
|  K201640219 South Africa Ltd.<sup>(e) (f) (h)</sup> | 678 | 0 |
|  K2016470219 South Africa Ltd. - Class A<sup>(e) (f) (h)</sup> | 191574 | 0 |
|  K2016470219 South Africa Ltd. - Class B<sup>(e) (f) (h)</sup> | 30276 | 0 |
|  |  | 0 |
|  Total Common Stocks <br>(cost $279,588) | Total Common Stocks <br>(cost $279,588) | 74580 |

---

------

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **RIGHTS – 0.0%** |  |  |
|  **Utilities – 0.0%** | **Utilities – 0.0%** | **Utilities – 0.0%** |
|  **Independent Power and Renewable Electricity Producers – 0.0%** | **Independent Power and Renewable Electricity Producers – 0.0%** | **Independent Power and Renewable Electricity Producers – 0.0%** |
|  Vistra Energy Corp., expiring 12/31/2099<sup>(e) (f)</sup> <br>(cost $0) | 3442 | $4216 |
|  **SHORT-TERM INVESTMENTS – 1.7%** | **SHORT-TERM INVESTMENTS – 1.7%** | **SHORT-TERM INVESTMENTS – 1.7%** |
|  **Investment Companies – 1.7%** | **Investment Companies – 1.7%** | **Investment Companies – 1.7%** |
|  AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 4.14%<sup>(o) (p) (q)</sup> <br>(cost $4,154,666) | 4154666 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4154666 |
|  **Total Investments – 98.7%** <br> (cost $244,791,620)<sup>(r)</sup> | **Total Investments – 98.7%** <br> (cost $244,791,620)<sup>(r)</sup> | 247095870 |
|  Other assets less liabilities – 1.3% |  | 3348904 |
|  **Net Assets – 100.0%** |  | $**250444774** |

---

**FUTURES** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number<br>of<br>Contracts** | **Expiration<br>Month** | **Current<br>Notional** | **Value and<br>Unrealized<br>Appreciation<br>(Depreciation)** |
| **Purchased Contracts** | **Purchased Contracts** | **Purchased Contracts** | **Purchased Contracts** | **Purchased Contracts** |
| U.S. T-Note 5 Yr (CBT) Futures | 99 | December 2025 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10837406 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56273 |
| U.S. T-Note 10 Yr (CBT) Futures | 24 | December 2025 | 2700000 | 12031 |
| U.S. Ultra Bond (CBT) Futures | 2 | December 2025 | 233125 | (305) |
| **Sold Contracts** | **Sold Contracts** | **Sold Contracts** | **Sold Contracts** | **Sold Contracts** |
| U.S. 10 Yr Ultra Futures | 13 | December 2025 | 1487281 | (4484) |
| U.S. Long Bond (CBT) Futures | 4 | December 2025 | 457000 | (226) |
| U.S. T-Note 2 Yr (CBT) Futures | 29 | December 2025 | 6047633 | (3172) |
|  |  |  |  | $60117 |

---

**FORWARD CURRENCY EXCHANGE CONTRACTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Contracts to<br>Deliver<br>(000)** | **Contracts to<br>Deliver<br>(000)** | **In Exchange<br>For<br>(000)** | **In Exchange<br>For<br>(000)** | **Settlement<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| State Street Bank & Trust Co. | EUR | 5859 | USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6904 | 09/10/2025 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42568 |
| State Street Bank & Trust Co. | EUR | 736 | USD | 848 | 09/10/2025 | (13841) |
| State Street Bank & Trust Co. | USD | 175 | EUR | 150 | 09/10/2025 | 1153 |
| State Street Bank & Trust Co. | GBP | 403 | USD | 544 | 09/19/2025 | (1463) |
|  |  |  |  |  |  | $28417 |

---

------

**CENTRALLY CLEARED CREDIT DEFAULT SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Fixed<br>Rate<br>(Pay)<br>Receive** | **Payment<br>Frequency** | **Implied<br>Credit<br>Spread at<br>August 31,<br>2025** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | **Market<br>Value** | **Upfront<br>Premiums<br>Paid**<br> **(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-NAHY Series 44, 5 Year Index, 06/20/2030\* | (5.00)% | Quarterly | 3.21% | USD | 190 | $(15590) | $(11481) | $(4109) |
| **Sale Contracts** | **Sale Contracts** | **Sale Contracts** | **Sale Contracts** | **Sale Contracts** | **Sale Contracts** | **Sale Contracts** | **Sale Contracts** | **Sale Contracts** |
| &nbsp;&nbsp;&nbsp;&nbsp; Hertz Corp. (The), 5.000%, 12/01/2029, 06/20/2029\* | 5.00 | Quarterly | 17.14 | USD | 80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(25448) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9399) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16049) |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(41038) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20880) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20158) |

---

*\** *Termination date* 

*(a)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At August 31, 2025, the aggregate market value of these securities amounted to $198,200,818 or 79.1% of net assets.* 

*(b)* *Pay-In-Kind Payments (PIK). The issuer may pay cash interest and/or interest in additional debt securities. Rates shown are the rates in effect at August 31, 2025.* 

*(c)* *Coupon rate adjusts periodically based upon a predetermined schedule. Stated interest rate in effect at August 31, 2025.* 

*(d)* *Defaulted matured security.* 

*(e)* *Security in which significant unobservable inputs (Level 3) were used in determining fair value.* 

*(f)* *Non-income producing security.* 

*(g)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities, which represent 1.10% of net assets as of August 31, 2025, are considered illiquid and restricted. Additional information regarding such securities follows:* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **144A/Restricted & Illiquid Securities** | **Acquisition<br>Date** | **Cost** | | **Market<br>Value** | | **Percentage<br>of<br>Net Assets** |
|  *Altice France Holding SA <br>10.50%, 05/15/2027* | *07/20/2023* | $*153033* | | $*93152* | | *0.04%* |
|  *Altice France SA <br>3.375%, 01/15/2028* | *08/17/2022-07/21/2023* | *225810* | | *247550* | | *0.10%* |
|  *Altice France SA <br>5.125%, 07/15/2029* | *09/21/2023-12/02/2024* | *505306* | | *546867* | | *0.22%* |
|  *Altice France SA <br>5.50%, 01/15/2028* | *01/05/2022-02/28/2025* | *583700* | | *585300* | | *0.23%* |
|  *Altice France SA <br>5.50%, 10/15/2029* | *09/21/2023-12/02/2024* | *582760* | | *634824* | | *0.25%* |
|  *Altice France SA <br>8.125%, 02/01/2027* | *06/04/2024* | *305877* | | *329315* | | *0.13%* |
|  *Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC <br>6.00%, 06/15/2027* | *11/18/2024* | *237578* | | *238007* | | *0.10%* |
|  *ESC Parkland Contra <br>5.875%, 07/15/2027* | *06/12/2025* | *0* | | *0* | | *0.00%* |
|  *Exide International Holdings LP* | *11/05/2020* | *29328* | | *43875* | | *0.02%* |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **144A/Restricted & Illiquid Securities** | **Acquisition<br>Date** | **Cost** | | **Market<br>Value** | | **Percentage<br>of<br>Net Assets** |
|  *Exide Technologies (Exchange Priority) <br>11.00%, 10/31/2024* | *10/29/2020* | $*0* | | $*0* | | *0.00%* |
|  *Exide Technologies (First Lien) <br>11.00%, 10/31/2024* | *10/29/2020* | *0* | | *0* | | *0.00%* |
|  *K2016470219 South Africa Ltd. <br>3.00%, 12/31/2022* | *02/05/2020-05/12/2023* | *14181* | | *0* | | *0.00%* |
|  *K2016470260 South Africa Ltd. <br>25.00%, 12/31/2022* | *08/16/2023* | *0* | | *0* | | *0.00%* |
|  *Magnetation LLC/Mag Finance Corp. <br>11.00%, 05/15/2023* | *02/19/2015* | *36767* | | *0* | | *0.00%* |
|  *ModivCare, Inc. <br>5.00%, 10/01/2029* | *03/07/2025-04/01/2025* | *364911* | | *4589* | | *0.00%* |
|  *ModivCare, Inc. <br>5.00%, 10/01/2029* | *05/02/2024* | *9716* | | *46* | | *0.00%* |
|  *Veritas US, Inc.* | *12/09/2024* | *11482* | | *15425* | | *0.01%* |

---

*(h)* *Fair valued by the Adviser.* 

*(i)* *Escrow shares.* 

*(j)* *Defaulted.* 

*(k)* *Securities are perpetual and, thus, do not have a predetermined maturity date. The date shown, if applicable, reflects the next call date.* 

*(l)* *Floating Rate Security. Stated interest/floor/ceiling rate was in effect at August 31, 2025.* 

*(m)* *This position or a portion of this position represents an unsettled loan purchase. The coupon rate will be determined at the time of settlement and will be based upon the Secured Overnight Financing Rate ("SOFR") plus a premium which was determined at the time of purchase.* 

*(n)* *The stated coupon rate represents the greater of the SOFR or an alternate base rate such as the PRIME or the SOFR/PRIME floor rate plus a spread at August 31, 2025.* 

*(o)* *To obtain a copy of the fund's shareholder report, please go to the Securities and Exchange Commission's website at www.sec.gov. Additionally, shareholder reports for AB funds can be obtained by calling AB at (800) 227-4618.* 

*(p)* *The rate shown represents the 7-day yield as of period end.* 

*(q)* *Affiliated investments.* 

*(r)* *As of August 31, 2025, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $5,755,650 and gross unrealized depreciation of investments was $(3,383,024), resulting in net unrealized appreciation of $2,372,626.* 

*Currency Abbreviations:* 

*EUR – Euro* 

*GBP – Great British Pound* 

*USD – United States Dollar* 

*Glossary:* 

*CBT – Chicago Board of Trade* 

*CDX-NAHY – North American High Yield Credit Default Swap Index* 

*CME – Chicago Mercantile Exchange* 

*EURIBOR – Euro Interbank Offered Rate* 

*REIT – Real Estate Investment Trust* 

*SOFR – Secured Overnight Financing Rate* 

------

**AB Active ETFs, Inc.** 

**AB High Yield ETF** 

**August 31, 2025 (unaudited)** 

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability (including those valued based on their market values). Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund's own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - quoted prices in active markets for identical investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates,
prepayment speeds, credit risk, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of
investments)

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which is then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3. In addition, non-agency rated investments are classified as Level 3.

Other fixed income investments, including non-U.S. government and corporate debt, are generally valued using quoted market prices, if available, which are typically impacted by current interest rates, maturity dates and any perceived credit risk of the issuer. Additionally, in the absence of quoted market prices, these inputs are used by pricing vendors to derive a valuation based upon industry or proprietary models which incorporate issuer specific data with relevant yield/spread comparisons with more widely quoted bonds with similar key characteristics. Those investments for which there are observable inputs are classified as Level 2. Where the inputs are not observable, the investments are classified as Level 3.

Where readily available market prices or relevant bid prices are not available for certain equity investments, such investments may be valued based on similar publicly traded investments, movements in relevant indices since last available prices or based upon underlying company fundamentals and comparable company data (such as multiples to earnings or other multiples to equity). Where an investment is valued using an observable input, by pricing vendors, such as another publicly traded security, the investment will be classified as Level 2. If management determines that an adjustment is appropriate based on restrictions on resale, illiquidity or uncertainty, and such adjustment is a significant component of the valuation, the investment will be classified as Level 3. An investment will also be classified as Level 3 where management uses company fundamentals and other significant inputs to determine the valuation.

------

Bank loan prices are provided by third party pricing services and consist of a composite of the quotes received by the vendor into a consensus price. Certain bank loans are classified as Level 3, as significant input used in the fair value measurement of these instruments is the market quotes that are received by the vendor and these inputs are not observable.

The following table summarizes the valuation of the Fund's investments by the above fair value hierarchy levels as of August 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities:** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** |  |  |  |  |
| Corporates - Non-Investment Grade | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $202440557 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 <sup>(a)</sup> | $202440557 |
| Corporates - Investment Grade | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 29933196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 29933196 |
| Bank Loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 6303812 | 1823892 | 8127704 |
| Emerging Markets - Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 2247720 | 0 <sup>(a)</sup> | 2247720 |
| Preferred Stocks | 9751 | 39367 | 64113 | 113231 |
| Common Stocks | 13990 | 56946 | 3644 <sup>(a)</sup> | 74580 |
| Rights | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 4216 | 4216 |
| Short-Term Investments | 4154666 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 4154666 |
| Total Investments in Securities | 4178407 | 241021598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1895865 <sup>(a)</sup> | 247095870 |
| **Other Financial Instruments<sup>(b)</sup>:** |  |  |  |  |
| **Assets:** | **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Futures | 68304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 68304 |
| Forward Currency Exchange Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 43721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 43721 |
| **Liabilities:** | **Liabilities:** | **Liabilities:** | **Liabilities:** | **Liabilities:** |
| Futures | (8187) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (8187) |
| Forward Currency Exchange Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (15304) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (15304) |
| Centrally Cleared Credit Default Swaps | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (41038) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (41038) |
| **Total** | $**4238524** | $**241008977** | $**1895865** **<sup>(a)</sup>** | $**247143366** |

---

*<sup>(a)</sup>* *The Fund held securities with zero market value at period end.* 

*<sup>(b)</sup>* *Other financial instruments include derivative instruments, such as futures, forwards and swaps. Derivative instruments are valued at the unrealized appreciation (depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, written options and written swaptions which are valued at market value.* 

------

A summary of the Fund's transactions in AB mutual funds for the nine months ended August 31, 2025 is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund** | **Market Value<br>11/30/2024<br>(000)** | **Purchases<br>at Cost<br>(000)** | **Sales<br>Proceeds<br>(000)** | **Market Value<br>08/31/2025<br>(000)** | **Dividend<br>Income<br>(000)** |
| AB Government Money Market Portfolio | $2002 | $55992 | $53839 | $4155 | $131 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AB Active ETFs, Inc.

- **b. Investment Company Act file number:** 811-23799

- **c. CIK number of Registrant:** 0001496608

- **d. LEI of Registrant:** 2549006ZG5WBMZRI5P66

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

  - **Street Address 1:** ALLIANCEBERNSTEIN LP

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10001

  - **Telephone number:** 212-969-1000

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

- **a. Name of Series:** AB High Yield ETF

- **b. EDGAR series identifier (if any):** S000079881

- **c. LEI of Series:** 254900AO63P5WSVVUO09

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-08-31

**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:** $251514926.31

**Total Liabilities:** $1068862.76

**Net Assets:** $250446063.55

**Delayed Delivery Securities:** $875237.55

**Cash Not Reported:** $349038.67

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -83.46000000 | **1-Year:** -1217.08000000 | **5-Year:** -3445.41000000 | **10-Year:** -3771.16000000 | **30-Year:** -476.52000000

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

- **3-Month:** -1182.63000000 | **1-Year:** -20022.23000000 | **5-Year:** -30638.02000000 | **10-Year:** -6209.82000000 | **30-Year:** -582.70000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241312 | 1.61%                | 0.82%                | 1.16%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-42147.05               | $2134391.23                                |
| Month 2  | $-33410.73               | $108580.79                                 |
| Month 3  | $273114.38               | $1204048.63                                |

**Designated Index Information**

- **Index Name:** Bloomberg US High Yield 2% Issuer Cap

- **Index Identifier:** BBUH2ICTRR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHS/COMMUNITY HEALTH SYS                  | CHS/Community Health Systems Inc                                                                                       | CUSIP: 12543DBH2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     14000 | PA      | $13505.24     | 0.01%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                  | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc                                              | CUSIP: 43284MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    822000 | PA      | $795071.28    | 0.32%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TALOS PRODUCTION INC                      | Talos Production Inc                                                                                                   | CUSIP: 87485LAE4<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |     66000 | PA      | $68572.02     | 0.03%             | 2031-02-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| LUNA 2 5SARL                              | Luna 2 5SARL                                                                                                           | CUSIP: 000000000<br>LEI: 894500N8J2QVEYP0UI86 | Long             | DBT              | CORP              | LU        |    125000 | PA      | $148483.73    | 0.06%             | 2032-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GCI LLC                                   | GCI LLC                                                                                                                | CUSIP: 36166TAB6<br>LEI: 549300N3IE9H88Q20221 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194752.00    | 0.08%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| K2016470260 SA LTD                        | K2016470260 South Africa Ltd                                                                                           | CUSIP: 000000000<br>LEI: 3789003E1C22310B3356 | Long             | DBT              | CORP              | ZA        |      3241 | PA      | $0.00         | 0.00%             | 2025-12-31      | Fixed         | 25.00%                | No            |                  3 | On Loan: No      |
| TELUS CORP                                | TELUS Corp                                                                                                             | CUSIP: 87971MCM3<br>LEI: 894500WE70KKZRQMBU11 | Long             | DBT              | CORP              | CA        |    309000 | PA      | $316904.22    | 0.13%             | 2055-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| RITCHIE BROS HLDGS INC                    | Ritchie Bros Holdings Inc                                                                                              | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |    337000 | PA      | $354119.60    | 0.14%             | 2031-03-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                       | Station Casinos LLC                                                                                                    | CUSIP: 857691AG4<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |   1314000 | PA      | $1295945.64   | 0.52%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                   | Allied Universal Holdco LLC                                                                                            | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    325000 | PA      | $341376.75    | 0.14%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                      | Neptune Bidco US Inc                                                                                                   | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    470000 | PA      | $467744.00    | 0.19%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                  | Hilton Domestic Operating Co Inc                                                                                       | CUSIP: 432833AH4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     11000 | PA      | $11019.36     | 0.00%             | 2028-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding, Inc.  | Project Alpha Intermediate Holding, Inc. Incremental 2nd Lien TL                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    260000 | PA      | $258863.80    | 0.10%             | 2033-05-09      | Floating      | 9.30%                 | No            |                  3 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                  | Hilcorp Energy I LP / Hilcorp Finance Co                                                                               | CUSIP: 431318BG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    414000 | PA      | $404805.06    | 0.16%             | 2035-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.           | Long: SS2VFD7   CDS USD R F  5.00000 IS2VFD7 CCPCORPORATE / Short: SS2VFD7   CDS USD P V 03MEVENT IS2VFE8 CCPCORPORATE | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     80000 | OU      | $-25448.78    | -0.01%            |  |  |  | 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        |    114000 | PA      | $110109.18    | 0.04%             | 2029-04-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ARMOR HOLDCO INC                          | Armor Holdco Inc                                                                                                       | CUSIP: 04625PAA9<br>LEI: 254900X6HLK0YPTHHF09 | Long             | DBT              | CORP              | US        |    151000 | PA      | $148094.76    | 0.06%             | 2029-11-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ION TRADING TECHNOLOGIES                  | ION Trading Technologies Sarl                                                                                          | CUSIP: 46205YAB7<br>LEI: 5493009ZVXOKZLQ6QJ12 | Long             | DBT              | CORP              | LU        |      4000 | PA      | $4186.88      | 0.00%             | 2029-05-15      | Fixed         | 9.50%                 | 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        |    130000 | PA      | $124893.60    | 0.05%             | 2029-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                             | Parkland Corp                                                                                                          | CUSIP: 70137TAP0<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |    280000 | PA      | $280165.20    | 0.11%             | 2027-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                        | Advance Auto Parts Inc                                                                                                 | CUSIP: 00751YAK2<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |   1401000 | PA      | $1437580.11   | 0.57%             | 2030-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ACE Capital Trust II                      | ACE Capital Trust II                                                                                                   | CUSIP: 00440FAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $24087.80     | 0.01%             | 2030-04-01      | Fixed         | 9.70%                 | No            |                  2 | On Loan: No      |
| PACHELBEL BIDCO SPA                       | Pachelbel Bidco SpA                                                                                                    | CUSIP: 000000000<br>LEI: 8156005DA07CDD50CC46 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $117927.84    | 0.05%             | 2031-05-17      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| ALLEGIANT TRAVEL CO                       | Allegiant Travel Co                                                                                                    | CUSIP: 01748XAD4<br>LEI: 549300JM9OZXOHWL2K18 | Long             | DBT              | CORP              | US        |    840000 | PA      | $854994.00    | 0.34%             | 2027-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Ineos Quattro Holdings UK Limited         | Ineos Quattro Holdings UK Limited 2030 Tranche B Dollar Term Loan                                                      | CUSIP: 000000000<br>LEI: 213800HKSMBSJQ32CA45 | Long             | LON              | CORP              | US        |     99000 | PA      | $85469.67     | 0.03%             | 2030-03-14      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                  | Hilcorp Energy I LP / Hilcorp Finance Co                                                                               | CUSIP: 431318AV6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    181000 | PA      | $174563.64    | 0.07%             | 2031-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RITCHIE BROS HLDGS INC                    | Ritchie Bros Holdings Inc                                                                                              | CUSIP: 76774LAB3<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |    902000 | PA      | $923142.88    | 0.37%             | 2028-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.           | Long: BS351Z2   CDS USD R V 03MEVENT IS35204 CCPCDX / Short: BS351Z2   CDS USD P F  5.00000 IS351Z2 CCPCDX             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |    190000 | OU      | $-15590.03    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MOOG INC                                  | Moog Inc                                                                                                               | CUSIP: 615394AM5<br>LEI: 549300WM2I4U7OBAHG07 | Long             | DBT              | CORP              | US        |    904000 | PA      | $891389.20    | 0.36%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Nordstrom Inc                             | Nordstrom Inc                                                                                                          | CUSIP: 655664AR1<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    716000 | PA      | $489378.84    | 0.20%             | 2044-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                          | Societe Generale SA                                                                                                    | CUSIP: 83368RBT8<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $210338.00    | 0.08%             | 2053-01-10      | Fixed         | 7.37%                 | 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        |    134000 | PA      | $141102.00    | 0.06%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRS LLC                  | Saks Global Enterprises LLC                                                                                            | CUSIP: 79380MAD7<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |     97350 | PA      | $38220.58     | 0.02%             | 2029-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                  | Discovery Communications LLC                                                                                           | CUSIP: 25470DCC1<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    442000 | PA      | $398613.28    | 0.16%             | 2030-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                  | Standard Industries Inc/NY                                                                                             | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    543000 | PA      | $520498.08    | 0.21%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| WILDFIRE INTERMEDIATE HO                  | Wildfire Intermediate Holdings LLC                                                                                     | CUSIP: 96812HAA6<br>LEI: 5493003RHEMQJZEXIR02 | Long             | DBT              | CORP              | US        |     78000 | PA      | $79145.82     | 0.03%             | 2029-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                  | Clear Channel Outdoor Holdings Inc                                                                                     | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    383000 | PA      | $388921.18    | 0.16%             | 2031-02-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ARETEC GROUP INC                          | Aretec Group Inc                                                                                                       | CUSIP: 04020JAA4<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |    711000 | PA      | $776547.09    | 0.31%             | 2030-08-23      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                    | Venture Global LNG Inc                                                                                                 | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   2013000 | PA      | $2192056.35   | 0.88%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| CHAMP ACQUISITION CORP                    | Champ Acquisition Corp                                                                                                 | CUSIP: 15807XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     68000 | PA      | $72601.56     | 0.03%             | 2031-12-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                  | Albion Financing 1 SARL / Aggreko Holdings Inc                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    158000 | PA      | $191210.23    | 0.08%             | 2030-05-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                  | Warnermedia Holdings Inc                                                                                               | CUSIP: 55903VBU6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    147000 | PA      | $91783.86     | 0.04%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                        | PBF Holding Co LLC / PBF Finance Corp                                                                                  | CUSIP: 69318FAL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     39000 | PA      | $37718.07     | 0.02%             | 2030-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                        | Viking Cruises Ltd                                                                                                     | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |     50000 | PA      | $50382.00     | 0.02%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ARKO CORP                                 | Arko Corp                                                                                                              | CUSIP: 041242AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     76000 | PA      | $64185.04     | 0.03%             | 2029-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CALDERYS FINANCING LLC                    | Calderys Financing LLC                                                                                                 | CUSIP: 128786AA8<br>LEI: 254900ZIKDM74XNEFV84 | Long             | DBT              | CORP              | US        |    307000 | PA      | $325312.55    | 0.13%             | 2028-06-01      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                  | CHS/Community Health Systems Inc                                                                                       | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    155000 | PA      | $131926.70    | 0.05%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| American Tire Distributors Holdings, Inc. | American Tire Distributors Holdings, Inc. 2021 Term Loan B                                                             | CUSIP: 03021BAL8<br>LEI: HZ8T88YVE2JVXJ0BTQ24 | Long             | LON              | CORP              | US        |     32175 | PA      | $6435.00      | 0.00%             | 2028-10-20      | Floating      | 14.75%                | No            |                  3 | On Loan: No      |
| PHINIA INC                                | Phinia Inc                                                                                                             | CUSIP: 71880KAA9<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |    197000 | PA      | $203621.17    | 0.08%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VELOCITY VEHICLE GROUP                    | Velocity Vehicle Group LLC                                                                                             | CUSIP: 92262TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    602000 | PA      | $610349.74    | 0.24%             | 2029-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AG TTMT ESCROW ISSUER                     | AG TTMT Escrow Issuer LLC                                                                                              | CUSIP: 00840KAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    414000 | PA      | $424292.04    | 0.17%             | 2027-09-30      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                           | AdaptHealth LLC                                                                                                        | CUSIP: 00653VAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    117000 | PA      | $110772.09    | 0.04%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| LORCA TELECOM BONDCO                      | Lorca Telecom Bondco SA                                                                                                | CUSIP: 000000000<br>LEI: 9598004HFBAS82YM7X35 | Long             | DBT              | CORP              | ES        |    142000 | PA      | $166340.60    | 0.07%             | 2027-09-18      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COGENT COMMS GRP / FIN                    | Cogent Communications Group LLC / Cogent Finance Inc                                                                   | CUSIP: 19240CAE3<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |    239000 | PA      | $238180.23    | 0.10%             | 2027-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                              | Barclays PLC                                                                                                           | CUSIP: 06738ECZ6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    482000 | PA      | $496787.76    | 0.20%             | 2036-02-25      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| SPIRIT LOYALTY KY LTD/IP                  | Spirit Loyalty Cayman Ltd / Spirit IP Cayman Ltd                                                                       | CUSIP: 84859BAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    202331 | PA      | $95123.90     | 0.04%             | 2030-03-12      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| VERMILION ENERGY INC                      | Vermilion Energy Inc                                                                                                   | CUSIP: 923725AD7<br>LEI: 8945009D1HGCJC8M8A68 | Long             | DBT              | CORP              | CA        |     32000 | PA      | $30948.48     | 0.01%             | 2030-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SUMMIT MIDSTREAM HOLDING                  | Summit Midstream Holdings LLC                                                                                          | CUSIP: 86614JAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $299460.00    | 0.12%             | 2029-10-31      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable LLC                     | Time Warner Cable LLC                                                                                                  | CUSIP: 88732JAN8<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |    104000 | PA      | $113271.60    | 0.05%             | 2038-07-01      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| TENNECO INC                               | Tenneco Inc                                                                                                            | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |    814000 | PA      | $814203.50    | 0.33%             | 2028-11-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                      | Matador Resources Co                                                                                                   | CUSIP: 576485AF3<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    169000 | PA      | $172897.14    | 0.07%             | 2028-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                    | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC                                                  | CUSIP: 013092AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    985000 | PA      | $985137.90    | 0.39%             | 2028-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VF CORP                                   | VF Corp                                                                                                                | CUSIP: 918204BC1<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |     91000 | PA      | $79285.57     | 0.03%             | 2030-04-23      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                        | Rithm Capital Corp                                                                                                     | CUSIP: 64828TAB8<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              |  | US        |    106000 | PA      | $108562.02    | 0.04%             | 2029-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                               | Vistra Corp                                                                                                            | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28384.44     | 0.01%             | 2026-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                         | Post Holdings Inc                                                                                                      | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     54000 | PA      | $50363.64     | 0.02%             | 2031-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                  | Organon & Co / Organon Foreign Debt Co-Issuer BV                                                                       | CUSIP: 68622FAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    379000 | PA      | $341509.32    | 0.14%             | 2034-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN                   | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    412000 | PA      | $501323.51    | 0.20%             | 2033-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                  | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp                                                     | CUSIP: 505742AP1<br>LEI: N/A                  | Long             | DBT              |  | US        |     84000 | PA      | $82177.20     | 0.03%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LINDBLAD EXPEDITIONS LLC                  | Lindblad Expeditions LLC                                                                                               | CUSIP: 53523LAB6<br>LEI: 549300MPUWOG67Y2R254 | Long             | DBT              | CORP              | US        |    178000 | PA      | $182241.74    | 0.07%             | 2030-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CIRSA FINANCE INTER                       | Cirsa Finance International Sarl                                                                                       | CUSIP: 000000000<br>LEI: 254900KUJN6DHWH2K029 | Long             | DBT              | CORP              | LU        |    220000 | PA      | $268263.54    | 0.11%             | 2029-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD PPTY REIT INC                  | Brookfield Property REIT Inc / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL                                       | CUSIP: 11284DAA3<br>LEI: N/A                  | Long             | DBT              |  | US        |      2000 | PA      | $1997.28      | 0.00%             | 2026-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                        | Voyager Parent LLC                                                                                                     | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    456000 | PA      | $481335.36    | 0.19%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| HELIOS SOFT/ION CORP SOL                  | Helios Software Holdings Inc / ION Corporate Solutions Finance Sarl                                                    | CUSIP: 42329HAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $205446.00    | 0.08%             | 2029-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| TEGNA INC                                 | TEGNA Inc                                                                                                              | CUSIP: 87901JAJ4<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |    489000 | PA      | $485273.82    | 0.19%             | 2028-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ZI TECH LLC/ZI FIN CORP                   | ZoomInfo Technologies LLC/ZoomInfo Finance Corp                                                                        | CUSIP: 98981BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    118000 | PA      | $110783.12    | 0.04%             | 2029-02-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                      | Flutter Treasury DAC                                                                                                   | CUSIP: 000000000<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $272050.15    | 0.11%             | 2031-06-04      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| VIBRANTZ TECH INC                         | Vibrantz Technologies Inc                                                                                              | CUSIP: 69357VAA3<br>LEI: 549300GYZ1T3S8OPH343 | Long             | DBT              | CORP              | US        |    240000 | PA      | $127264.80    | 0.05%             | 2030-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                         | Post Holdings Inc                                                                                                      | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    490000 | PA      | $503460.30    | 0.20%             | 2032-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| DYCOM INDUSTRIES INC                      | Dycom Industries Inc                                                                                                   | CUSIP: 267475AD3<br>LEI: 549300F56EKTHQI3WT60 | Long             | DBT              | CORP              | US        |     91000 | PA      | $88785.97     | 0.04%             | 2029-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.             | PURCHASED USD / SOLD EUR                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $41414.13     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TWILIO INC                                | Twilio Inc                                                                                                             | CUSIP: 90138FAC6<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |    180000 | PA      | $171232.20    | 0.07%             | 2029-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                    | Venture Global LNG Inc                                                                                                 | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    315000 | PA      | $326812.50    | 0.13%             | 2028-06-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                     | Freedom Mortgage Holdings LLC                                                                                          | CUSIP: 35641AAB4<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |     76000 | PA      | $79824.32     | 0.03%             | 2031-05-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                | goeasy Ltd                                                                                                             | CUSIP: 380355AM9<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    120000 | PA      | $121912.80    | 0.05%             | 2030-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BEACON MOBILITY CORP                      | Beacon Mobility Corp                                                                                                   | CUSIP: 073644AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    857000 | PA      | $888674.72    | 0.35%             | 2030-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                    | Arsenal AIC Parent LLC                                                                                                 | CUSIP: 04288BAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1062000 | PA      | $1182409.56   | 0.47%             | 2031-10-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| SUNCOKE ENERGY INC                        | SunCoke Energy Inc                                                                                                     | CUSIP: 86722AAD5<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | DBT              | CORP              | US        |     68000 | PA      | $62119.36     | 0.02%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                         | Clean Harbors Inc                                                                                                      | CUSIP: 184496AN7<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |    671000 | PA      | $668074.44    | 0.27%             | 2027-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TEAMSYSTEM SPA                            | TeamSystem SpA                                                                                                         | CUSIP: 000000000<br>LEI: 81560062081DF3AB7A90 | Long             | DBT              | CORP              | IT        |    322000 | PA      | $381744.07    | 0.15%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                    | Harvest Midstream I LP                                                                                                 | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    354000 | PA      | $358131.18    | 0.14%             | 2028-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                  | First Quantum Minerals Ltd                                                                                             | CUSIP: 335934AV7<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    201000 | PA      | $213039.90    | 0.09%             | 2029-02-21      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                           | AdaptHealth LLC                                                                                                        | CUSIP: 00653VAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    133000 | PA      | $126831.46    | 0.05%             | 2030-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PM GENERAL PURCHASER LLC                  | PM General Purchaser LLC                                                                                               | CUSIP: 69356MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    707000 | PA      | $554662.71    | 0.22%             | 2028-10-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN AQUILA LTD                     | Transocean Aquila Ltd                                                                                                  | CUSIP: 893790AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     91323 | PA      | $93794.28     | 0.04%             | 2028-09-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATIN                  | TerraForm Power Operating LLC                                                                                          | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99126.00     | 0.04%             | 2028-01-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                   | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                                                           | CUSIP: 87470LAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $103048.00    | 0.04%             | 2029-01-16      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MOHEGAN TRIBAL / MS DIG                   | Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC                                                | CUSIP: 60832QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    203000 | PA      | $209725.39    | 0.08%             | 2030-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                  | CHS/Community Health Systems Inc                                                                                       | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    423000 | PA      | $339982.02    | 0.14%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                        | Energy Transfer LP                                                                                                     | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     65000 | PA      | $69132.05     | 0.03%             | 2054-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                     | Tenet Healthcare Corp                                                                                                  | CUSIP: 88033GDM9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    310000 | PA      | $301912.10    | 0.12%             | 2029-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                    | Adient Global Holdings Ltd                                                                                             | CUSIP: 00687YAC9<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    364000 | PA      | $383332.04    | 0.15%             | 2031-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                      | Taylor Morrison Communities Inc                                                                                        | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    127000 | PA      | $128766.57    | 0.05%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MPH ACQUISITION HOLDINGS LLC              | MPH Acquisition Holdings LLC 2025 Exchange 1st Out Term Loan                                                           | CUSIP: 55328HAP6<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |     56822 | PA      | $56665.33     | 0.02%             | 2030-12-31      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| CHC Group LLC                             | CHC Group LLC                                                                                                          | CUSIP: 12550E405<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |       468 | NS      | $0.09         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| VAR ENERGI ASA                            | Var Energi ASA                                                                                                         | CUSIP: 92212WAF7<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    241000 | PA      | $249847.11    | 0.10%             | 2030-05-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                             | TransDigm Inc                                                                                                          | CUSIP: 893647BQ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    355000 | PA      | $348681.00    | 0.14%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                          | Altice France SA                                                                                                       | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    245000 | PA      | $247550.55    | 0.10%             | 2028-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                        | Advance Auto Parts Inc                                                                                                 | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    198000 | PA      | $202898.52    | 0.08%             | 2033-08-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MOHEGAN TRIBAL / MS DIG                   | Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC                                                | CUSIP: 60832QAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    290000 | PA      | $305216.30    | 0.12%             | 2031-03-18      | Fixed         | 11.88%                | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                              | Fibercop SpA                                                                                                           | CUSIP: 683879AD2<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    200000 | PA      | $190804.00    | 0.08%             | 2034-09-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRS LLC                  | Saks Global Enterprises LLC                                                                                            | CUSIP: 79380MAC9<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |     44250 | PA      | $10068.65     | 0.00%             | 2029-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                        | Viking Cruises Ltd                                                                                                     | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    121000 | PA      | $130343.62    | 0.05%             | 2031-07-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| ALTA EQUIPMENT GROUP                      | Alta Equipment Group Inc                                                                                               | CUSIP: 02128LAC0<br>LEI: 549300DGOB28CLGS1X27 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47563.50     | 0.02%             | 2029-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                     | Nabors Industries Inc                                                                                                  | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55913.55     | 0.02%             | 2027-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                     | Venture Global Plaquemines LNG LLC                                                                                     | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    119000 | PA      | $132532.68    | 0.05%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                  | 1011778 BC ULC / New Red Finance Inc                                                                                   | CUSIP: 68245XAP4<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     53000 | PA      | $50504.23     | 0.02%             | 2029-02-15      | Fixed         | 3.50%                 | 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        |    193000 | PA      | $202042.05    | 0.08%             | 2029-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                        | CP Atlas Buyer Inc 2025 Term Loan                                                                                      | CUSIP: 12658HAL6<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | LON              | CORP              | US        |    100000 | PA      | $95950.00     | 0.04%             | 2030-07-08      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| ROLLER BEARING CO OF AME                  | Roller Bearing Co of America Inc                                                                                       | CUSIP: 775631AD6<br>LEI: 254900U9XW6S76H2P167 | Long             | DBT              | CORP              | US        |    408000 | PA      | $396604.56    | 0.16%             | 2029-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Peraton Corp.                             | Peraton Corp. Term B Loan (First Lien)                                                                                 | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |    268567 | PA      | $230706.80    | 0.09%             | 2028-02-01      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL/CONNE                  | Connect Finco SARL / Connect US Finco LLC                                                                              | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    207000 | PA      | $215718.84    | 0.09%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| AEDAS HOMES OPCO SL                       | Aedas Homes Opco SL                                                                                                    | CUSIP: 000000000<br>LEI: 959800NRD7BJBYEDBG71 | Long             | DBT              |  | ES        |    111000 | PA      | $129789.04    | 0.05%             | 2026-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JAZZ SECURITIES DAC                       | Jazz Securities DAC                                                                                                    | CUSIP: 47216FAA5<br>LEI: 6354009DV8VV7K6KOO02 | Long             | DBT              | CORP              | IE        |    809000 | PA      | $792156.62    | 0.32%             | 2029-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Commscope, LLC                            | Commscope, LLC Initial Term Loan                                                                                       | CUSIP: 000000000<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | LON              | CORP              | US        |    583818 | PA      | $593486.49    | 0.24%             | 2029-12-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KRAKEN OIL & GAS PARTNER                  | Kraken Oil & Gas Partners LLC                                                                                          | CUSIP: 50076PAA6<br>LEI: 549300DR5HSL4YAU3X12 | Long             | DBT              | CORP              | US        |     68000 | PA      | $67675.64     | 0.03%             | 2029-08-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                          | Deutsche Bank AG/New York NY                                                                                           | CUSIP: 25160PAG2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $183088.00    | 0.07%             | 2033-01-07      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMED                  | AmeriTex HoldCo Intermediate LLC                                                                                       | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    419000 | PA      | $432617.50    | 0.17%             | 2033-08-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                          | CSC Holdings LLC                                                                                                       | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    356000 | PA      | $342632.20    | 0.14%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CNG HOLDINGS INC                          | CNG Holdings Inc                                                                                                       | CUSIP: 12612DAK2<br>LEI: 5493007UWN8DW8ZWF476 | Long             | DBT              | CORP              | US        |     29000 | PA      | $26100.23     | 0.01%             | 2026-06-30      | Fixed         | 14.50%                | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                            | 1261229 BC Ltd                                                                                                         | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    584000 | PA      | $607208.16    | 0.24%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                  | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                                                         | CUSIP: 01883LAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $61236.00     | 0.02%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                             | EchoStar Corp                                                                                                          | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    586379 | PA      | $631231.13    | 0.25%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                      | Michaels Cos Inc/The                                                                                                   | CUSIP: 55916AAB0<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    153000 | PA      | $104494.41    | 0.04%             | 2029-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                            | Sabre GLBL Inc                                                                                                         | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    541000 | PA      | $526349.72    | 0.21%             | 2029-11-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| MGM CHINA HOLDINGS LTD                    | MGM China Holdings Ltd                                                                                                 | CUSIP: 55300RAJ0<br>LEI: 529900VZFN87OS7WJM66 | Long             | DBT              | CORP              | KY        |    331000 | PA      | $345481.25    | 0.14%             | 2031-06-26      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                      | Flutter Treasury DAC                                                                                                   | CUSIP: 000000000<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    103000 | PA      | $124482.12    | 0.05%             | 2029-04-29      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.             | PURCHASED USD / SOLD GBP                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-1463.04     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                        | Osaic Holdings Inc                                                                                                     | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    163000 | PA      | $165215.17    | 0.07%             | 2033-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                             | TransDigm Inc                                                                                                          | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    923000 | PA      | $903856.98    | 0.36%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                           | Gen Digital Inc                                                                                                        | CUSIP: 668771AK4<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |   1446000 | PA      | $1471608.66   | 0.59%             | 2027-09-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                              | Calpine Corp                                                                                                           | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    745000 | PA      | $744202.85    | 0.30%             | 2028-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                 | Sunoco LP                                                                                                              | CUSIP: 86765KAB5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    192000 | PA      | $199610.88    | 0.08%             | 2029-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                              | US Foods Inc                                                                                                           | CUSIP: 90290MAG6<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    208000 | PA      | $214477.12    | 0.09%             | 2028-09-13      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                     | McGraw-Hill Education Inc                                                                                              | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    143000 | PA      | $143729.30    | 0.06%             | 2028-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BOOTS GROUP FINCO LP                      | Boots Group Finco LP                                                                                                   | CUSIP: 000000000<br>LEI: 254900YVLYOVF1PF1N93 | Long             | DBT              | CORP              | US        |    421000 | PA      | $506317.03    | 0.20%             | 2032-08-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                      | Glencore Funding LLC                                                                                                   | CUSIP: 378272BU1<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    137000 | PA      | $140625.02    | 0.06%             | 2034-04-04      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING                      | Cornerstone Building Brands Inc                                                                                        | CUSIP: 21925DAB5<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |     74000 | PA      | $70912.72     | 0.03%             | 2029-08-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| ENOVA INTERNATIONAL INC                   | Enova International Inc                                                                                                | CUSIP: 29357KAH6<br>LEI: 549300O8XOCQSB49UO63 | Long             | DBT              | CORP              | US        |    119000 | PA      | $126898.03    | 0.05%             | 2028-12-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                    | Clydesdale Acquisition Holdings Inc                                                                                    | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    366000 | PA      | $377408.22    | 0.15%             | 2030-04-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                  | Service Properties Trust                                                                                               | CUSIP: 81761LAD4<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    223000 | PA      | $230503.95    | 0.09%             | 2029-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                  | Hilcorp Energy I LP / Hilcorp Finance Co                                                                               | CUSIP: 431318AU8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    479000 | PA      | $473620.83    | 0.19%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                       | NCL Corp Ltd                                                                                                           | CUSIP: 62886HBA8<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    131000 | PA      | $131163.75    | 0.05%             | 2026-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                             | FirstCash Inc                                                                                                          | CUSIP: 31944TAA8<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149796.00    | 0.06%             | 2030-01-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| JB POINDEXTER & CO INC                    | JB Poindexter & Co Inc                                                                                                 | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |     82000 | PA      | $84694.52     | 0.03%             | 2031-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                          | CSC Holdings LLC                                                                                                       | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    297000 | PA      | $272577.69    | 0.11%             | 2029-01-31      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                    | US ULTRA BOND CBT DEC25                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         2 | NC      | $-304.69      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| TAYLOR MORRISON COMM                      | Taylor Morrison Communities Inc                                                                                        | CUSIP: 87724RAA0<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |   1123000 | PA      | $1132332.13   | 0.45%             | 2027-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                      | Michaels Cos Inc/The                                                                                                   | CUSIP: 55916AAA2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    127000 | PA      | $100836.73    | 0.04%             | 2028-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                       | Synchrony Financial                                                                                                    | CUSIP: 87165BAV5<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |     82000 | PA      | $84947.08     | 0.03%             | 2030-08-02      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| BIG RIVER STEEL/BRS FIN                   | Big River Steel LLC / BRS Finance Corp                                                                                 | CUSIP: 08949LAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50115.50     | 0.02%             | 2029-01-31      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                  | Ascent Resources Utica Holdings LLC / ARU Finance Corp                                                                 | CUSIP: 04364VAU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     88000 | PA      | $87893.52     | 0.04%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                             | DISH DBS Corp                                                                                                          | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    482000 | PA      | $453267.98    | 0.18%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                    | Group 1 Automotive Inc                                                                                                 | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |    376000 | PA      | $386336.24    | 0.15%             | 2030-01-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| EW SCRIPPS CO                             | EW Scripps Co/The                                                                                                      | CUSIP: 811054AH8<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |    201000 | PA      | $188931.96    | 0.08%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                       | Medline Borrower LP                                                                                                    | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    718000 | PA      | $689904.66    | 0.28%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TITANIUM 2L BONDCO SARL                   | Titanium 2l Bondco Sarl                                                                                                | CUSIP: 000000000<br>LEI: 636700S4QMU2DWYOSF67 | Long             | DBT              | CORP              | LU        |    109200 | PA      | $35069.57     | 0.01%             | 2031-01-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                     | Belron UK Finance PLC                                                                                                  | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |    977000 | PA      | $989437.21    | 0.40%             | 2029-10-07      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NuStar Logistics LP                       | NuStar Logistics LP                                                                                                    | CUSIP: 67059TAF2<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    286000 | PA      | $286812.24    | 0.11%             | 2026-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                     | Six Flags Entertainment Corp                                                                                           | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |    415000 | PA      | $417120.65    | 0.17%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                   | American Axle & Manufacturing Inc                                                                                      | CUSIP: 02406PBA7<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74957.25     | 0.03%             | 2028-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                            | NRG Energy Inc                                                                                                         | CUSIP: 629377CU4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     47000 | PA      | $51793.53     | 0.02%             | 2028-03-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                          | CSC Holdings LLC                                                                                                       | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    400000 | PA      | $187676.00    | 0.07%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                  | Ford Motor Credit Co LLC                                                                                               | CUSIP: 345397B77<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195996.00    | 0.08%             | 2026-08-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| IQVIA Inc                                 | IQVIA Inc                                                                                                              | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    197000 | PA      | $196422.79    | 0.08%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners LP                       | Buckeye Partners LP                                                                                                    | CUSIP: 118230AQ4<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    357000 | PA      | $353194.38    | 0.14%             | 2026-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC                          | AMC Networks Inc                                                                                                       | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    206000 | PA      | $214343.00    | 0.09%             | 2029-01-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                    | Sunoco LP / Sunoco Finance Corp                                                                                        | CUSIP: 86765LAT4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     91000 | PA      | $88758.67     | 0.04%             | 2029-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                           | CVS Health Corp                                                                                                        | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    363000 | PA      | $378307.71    | 0.15%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                     | Directv Financing LLC / Directv Financing Co-Obligor Inc                                                               | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    487000 | PA      | $483366.98    | 0.19%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                     | Caesars Entertainment Inc                                                                                              | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    402000 | PA      | $383544.18    | 0.15%             | 2029-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| EXIDE TECHNOLOGIES                        | EXIDE TECHNOLOGIES                                                                                                     | CUSIP: 302ESCAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     31602 | PA      | $0.00         | 0.00%             | 2025-12-31      | Fixed         | 11.00%                | No            |                  3 | On Loan: No      |
| Foundation Building Materials, Inc.       | Foundation Building Materials, Inc. Term Loan                                                                          | CUSIP: 35039KAE6<br>LEI: 549300ZVE6MONHB01I28 | Long             | LON              | CORP              | US        |    460000 | PA      | $462990.00    | 0.18%             | 2031-01-29      | Floating      | 9.55%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                     | QXO Building Products Inc                                                                                              | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    520000 | PA      | $538876.00    | 0.22%             | 2032-04-21      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                             | Carnival Corp                                                                                                          | CUSIP: 143658BQ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    425000 | PA      | $417486.00    | 0.17%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                          | Paramount Global                                                                                                       | CUSIP: 92556HAE7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    255000 | PA      | $255471.75    | 0.10%             | 2062-03-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                     | Directv Financing LLC / Directv Financing Co-Obligor Inc                                                               | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    669000 | PA      | $665741.97    | 0.27%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PLANET FINANCIAL GROUP                    | Planet Financial Group LLC                                                                                             | CUSIP: 72702AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $67337.40     | 0.03%             | 2029-12-03      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                         | Rakuten Group Inc                                                                                                      | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    542000 | PA      | $601815.12    | 0.24%             | 2029-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                    | US LONG BOND(CBT) DEC25                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -4 | NC      | $-226.56      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| DAVITA INC                                | DaVita Inc                                                                                                             | CUSIP: 23918KAT5<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    157000 | PA      | $143215.40    | 0.06%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Crown Cork & Seal Co Inc                  | Crown Cork & Seal Co Inc                                                                                               | CUSIP: 228255AH8<br>LEI: 7HLDMDH0ZXNUH6PT7Z42 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20568.00     | 0.01%             | 2026-12-15      | Fixed         | 7.38%                 | 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        |    378000 | PA      | $378257.04    | 0.15%             | 2033-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                         | Newell Brands Inc                                                                                                      | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     49000 | PA      | $51791.04     | 0.02%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                       | NCL Corp Ltd                                                                                                           | CUSIP: 62886HBE0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     13000 | PA      | $13033.02     | 0.01%             | 2027-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| RACKSPACE FINANCE LLC                     | Rackspace Finance LLC                                                                                                  | CUSIP: 75008WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    526140 | PA      | $251221.33    | 0.10%             | 2028-05-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                  | Venture Global Calcasieu Pass LLC                                                                                      | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    695000 | PA      | $666372.95    | 0.27%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                   | Crescent Energy Finance LLC                                                                                            | CUSIP: 45344LAD5<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |     28000 | PA      | $27891.92     | 0.01%             | 2032-03-19      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Western Digital Corp                      | Western Digital Corp                                                                                                   | CUSIP: 958102AM7<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |    187000 | PA      | $186616.65    | 0.07%             | 2026-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US                  | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC                                          | CUSIP: 44287DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    190000 | PA      | $197999.00    | 0.08%             | 2032-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                  | Sinclair Television Group Inc                                                                                          | CUSIP: 829259AY6<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    126000 | PA      | $103524.12    | 0.04%             | 2030-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                    | Goodyear Tire & Rubber Co/The                                                                                          | CUSIP: 382550BN0<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    509000 | PA      | $493358.43    | 0.20%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                  | Ford Motor Credit Co LLC                                                                                               | CUSIP: 345397C27<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199474.00    | 0.08%             | 2027-05-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                        | Bausch + Lomb Corp                                                                                                     | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |    832000 | PA      | $868192.00    | 0.35%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| GREAT CAN GAMING/RAPTOR                   | Great Canadian Gaming Corp/Raptor LLC                                                                                  | CUSIP: 389925AA6<br>LEI: 549300FU60SSFLTE0M84 | Long             | DBT              | CORP              | XX        |   1109000 | PA      | $1064251.85   | 0.42%             | 2029-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                   | VZ Secured Financing BV                                                                                                | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |    518000 | PA      | $459486.72    | 0.18%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                          | Altice France SA                                                                                                       | CUSIP: 02156LAC5<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    665000 | PA      | $585299.75    | 0.23%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UniCredit SpA                             | UniCredit SpA                                                                                                          | CUSIP: 904678AF6<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |    600000 | PA      | $607344.00    | 0.24%             | 2032-06-19      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                  | Graphic Packaging International LLC                                                                                    | CUSIP: 38869AAA5<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |     28000 | PA      | $27767.04     | 0.01%             | 2027-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ASPHALT ATD HOLDCO CLASS A MEM            | ASPHALT ATD HOLDCO CLASS A MEM                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       194 | NS      | $4813.14      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Gainwell Acquisition Corp                 | Gainwell Acquisition Corp Term Loan B                                                                                  | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     38200 | PA      | $37502.85     | 0.01%             | 2027-10-01      | Floating      | 8.40%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                  | Hilton Domestic Operating Co Inc                                                                                       | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    654000 | PA      | $616068.00    | 0.25%             | 2031-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                    | Group 1 Automotive Inc                                                                                                 | CUSIP: 398905AN9<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |    733000 | PA      | $711171.26    | 0.28%             | 2028-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                | goeasy Ltd                                                                                                             | CUSIP: 380355AJ6<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    119000 | PA      | $123210.22    | 0.05%             | 2029-07-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                       | Travel + Leisure Co                                                                                                    | CUSIP: 894164AA0<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    478000 | PA      | $463167.66    | 0.18%             | 2029-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                    | Sunoco LP / Sunoco Finance Corp                                                                                        | CUSIP: 86765KAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    504000 | PA      | $520647.12    | 0.21%             | 2028-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                | Grifols SA                                                                                                             | CUSIP: 000000000<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    312000 | PA      | $356252.25    | 0.14%             | 2028-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MPH ACQUISITION HOLDINGS                  | MPH Acquisition Holdings LLC                                                                                           | CUSIP: 553283AF9<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |    140660 | PA      | $143158.12    | 0.06%             | 2030-12-31      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| CALPINE CORP                              | Calpine Corp                                                                                                           | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   1207000 | PA      | $1195883.53   | 0.48%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Churchill Downs Inc                       | Churchill Downs Inc                                                                                                    | CUSIP: 171484AE8<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    544000 | PA      | $538652.48    | 0.22%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                               | Gap Inc/The                                                                                                            | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |     54000 | PA      | $48740.40     | 0.02%             | 2031-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| COMPASS MINERALS INTERNA                  | Compass Minerals International Inc                                                                                     | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |    145000 | PA      | $151670.00    | 0.06%             | 2030-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| VIRIDIEN                                  | Viridien                                                                                                               | CUSIP: 12531QAA3<br>LEI: 969500FCVQ5SLAAUJV59 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $198044.00    | 0.08%             | 2030-09-10      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| OSAIC FINANCIAL SVCS INC                  | Osaic Financial Services Inc                                                                                           | CUSIP: 50575Q201<br>LEI: 549300VFWKFWGJQPSE62 | Long             | EP               | CORP              | US        |      2175 | NS      | $39367.50     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| STAPLES INC                               | Staples Inc                                                                                                            | CUSIP: 855030AS1<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |    253596 | PA      | $180687.15    | 0.07%             | 2030-01-15      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.             | PURCHASED USD / SOLD EUR                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-11340.07    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ESAB CORP                                 | Esab Corp                                                                                                              | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |   1065000 | PA      | $1095128.85   | 0.44%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                       | Sirius XM Radio LLC                                                                                                    | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    163000 | PA      | $151632.38    | 0.06%             | 2030-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Polaris Newco, LLC                        | Polaris Newco, LLC Dollar Term Loan (First Lien)                                                                       | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |    470394 | PA      | $446018.55    | 0.18%             | 2028-06-02      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                      | Garda World Security Corp                                                                                              | CUSIP: 36485MAL3<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    565000 | PA      | $560463.05    | 0.22%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                  | Rockies Express Pipeline LLC                                                                                           | CUSIP: 77340RAR8<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98341.00     | 0.04%             | 2029-07-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                    | Acrisure LLC / Acrisure Finance Inc                                                                                    | CUSIP: 00489LAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    109000 | PA      | $113371.99    | 0.05%             | 2029-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| JACOBS ENTERTAINMENT INC                  | Jacobs Entertainment Inc                                                                                               | CUSIP: 469815AK0<br>LEI: 5493004U9JIWY3HSUO63 | Long             | DBT              | CORP              | US        |     68000 | PA      | $65974.28     | 0.03%             | 2029-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                   | United Rentals North America Inc                                                                                       | CUSIP: 911365BM5<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $983720.00    | 0.39%             | 2027-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                            | Gray Media Inc                                                                                                         | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    208000 | PA      | $205071.36    | 0.08%             | 2033-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| K2016470219 SA LTD                        | K2016470219 South Africa Ltd                                                                                           | CUSIP: 000000000<br>LEI: 378900DECAC8CFA88345 | Long             | DBT              | CORP              | ZA        |     14130 | PA      | $0.00         | 0.00%             | 2025-12-31      | Fixed         | 3.00%                 | No            |                  3 | On Loan: No      |
| FIBERCOP SPA                              | Fibercop SpA                                                                                                           | CUSIP: 683879AH3<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    405000 | PA      | $410649.75    | 0.16%             | 2038-06-04      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                              | US Foods Inc                                                                                                           | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1359796.80   | 0.54%             | 2029-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Ineos Quattro Holdings UK Limited         | Ineos Quattro Holdings UK Limited 2029 Tranche B Dollar Term Loan                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    493750 | PA      | $443140.63    | 0.18%             | 2029-04-02      | Floating      | 8.67%                 | No            |                  3 | On Loan: No      |
| WELLS FARGO & COMPANY                     | Wells Fargo & Co                                                                                                       | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    111000 | PA      | $109936.62    | 0.04%             | 2026-03-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                       | Synchrony Financial                                                                                                    | CUSIP: 87165BAU7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    921000 | PA      | $970853.73    | 0.39%             | 2033-02-02      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                               | BNP Paribas SA                                                                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $178340.00    | 0.07%             | 2031-02-25      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                          | CSC Holdings LLC                                                                                                       | CUSIP: 126307BD8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1536000 | PA      | $674119.68    | 0.27%             | 2030-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CITGO PETROLEUM CORP                      | CITGO Petroleum Corp                                                                                                   | CUSIP: 17302XAN6<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |    227000 | PA      | $237287.64    | 0.09%             | 2029-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS                     | Bread Financial Holdings Inc                                                                                           | CUSIP: 018581AQ1<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |    243000 | PA      | $250421.22    | 0.10%             | 2035-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ALMAVIVA THE ITALIAN INN                  | Almaviva-The Italian Innovation Co SpA                                                                                 | CUSIP: 000000000<br>LEI: 815600A862DA4DD9E211 | Long             | DBT              | CORP              | IT        |    206000 | PA      | $244556.52    | 0.10%             | 2030-10-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                  | Organon & Co / Organon Foreign Debt Co-Issuer BV                                                                       | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    649000 | PA      | $556582.40    | 0.22%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                  | Hess Midstream Operations LP                                                                                           | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     57000 | PA      | $57994.65     | 0.02%             | 2028-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NuStar Logistics LP                       | NuStar Logistics LP                                                                                                    | CUSIP: 67059TAE5<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    916000 | PA      | $921321.96    | 0.37%             | 2027-04-28      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ALCOA NEDERLAND HOLDING                   | Alcoa Nederland Holding BV                                                                                             | CUSIP: 013822AG6<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |   1547000 | PA      | $1489822.88   | 0.59%             | 2029-03-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                              | Navient Corp                                                                                                           | CUSIP: 63938CAN8<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    373000 | PA      | $412172.46    | 0.16%             | 2030-07-25      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                  | Hilton Domestic Operating Co Inc                                                                                       | CUSIP: 432833AJ0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    729000 | PA      | $699788.97    | 0.28%             | 2029-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                  | 1011778 BC ULC / New Red Finance Inc                                                                                   | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    583000 | PA      | $567707.91    | 0.23%             | 2028-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS                  | Wyndham Hotels & Resorts Inc                                                                                           | CUSIP: 98311AAB1<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |   1109000 | PA      | $1083570.63   | 0.43%             | 2028-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| RACKSPACE TECHNOLOGY                      | Rackspace Technology Global Inc                                                                                        | CUSIP: 750098AA3<br>LEI: 549300QTYCKLMFSE8I97 | Long             | DBT              | CORP              | US        |    109000 | PA      | $28082.76     | 0.01%             | 2028-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                              | SM Energy Co                                                                                                           | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    178000 | PA      | $179780.00    | 0.07%             | 2029-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                       | Travel + Leisure Co                                                                                                    | CUSIP: 98310WAN8<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    325000 | PA      | $329270.50    | 0.13%             | 2027-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Nexus Buyer LLC                           | Nexus Buyer LLC Amendment No.3 Incremental Term Loan                                                                   | CUSIP: 000000000<br>LEI: 254900PILSANV8WOOF24 | Long             | LON              | CORP              | US        |    410000 | PA      | $407437.50    | 0.16%             | 2032-02-16      | Floating      | 10.07%                | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                  | Permian Resources Operating LLC                                                                                        | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    208000 | PA      | $208039.52    | 0.08%             | 2029-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                 | Block Inc                                                                                                              | CUSIP: 852234AN3<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    977000 | PA      | $961563.40    | 0.38%             | 2026-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                       | Altice Financing SA                                                                                                    | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    261000 | PA      | $206918.19    | 0.08%             | 2029-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ENERSYS                                   | EnerSys                                                                                                                | CUSIP: 29275YAC6<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78768.80     | 0.03%             | 2027-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                        | Ally Financial Inc                                                                                                     | CUSIP: 02005NBN9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     28000 | PA      | $25511.64     | 0.01%             | 2028-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                              | Centene Corp                                                                                                           | CUSIP: 15135BAZ4<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    172000 | PA      | $145868.04    | 0.06%             | 2031-08-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECH                 | SEAGATE DATA STORAGE TECH                                                                                              | CUSIP: 81180LAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   1206000 | PA      | $1366542.72   | 0.55%             | 2032-12-01      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                             | DISH DBS Corp                                                                                                          | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    829000 | PA      | $683543.66    | 0.27%             | 2029-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                        | Ally Financial Inc                                                                                                     | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    164000 | PA      | $159745.84    | 0.06%             | 2026-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE                            | Hertz Corp/The                                                                                                         | CUSIP: 428040DA4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    284000 | PA      | $263449.76    | 0.11%             | 2026-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ARTERA SERVICES LLC                       | Artera Services LLC                                                                                                    | CUSIP: 04302XAA2<br>LEI: 549300J2G34D0WX8Z443 | Long             | DBT              | CORP              | US        |     82000 | PA      | $71620.44     | 0.03%             | 2031-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                  | Vistra Operations Co LLC                                                                                               | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1654000 | PA      | $1617595.46   | 0.65%             | 2029-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                 | Ball Corp                                                                                                              | CUSIP: 058498AZ9<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    750000 | PA      | $768525.00    | 0.31%             | 2029-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                            | Air Lease Corp                                                                                                         | CUSIP: 00912XBJ2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49530.50     | 0.02%             | 2026-06-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                        | Ally Financial Inc                                                                                                     | CUSIP: 02005NBU3<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     83000 | PA      | $88108.65     | 0.04%             | 2030-01-03      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                   | MPT Operating Partnership LP / MPT Finance Corp                                                                        | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              |  | US        |    154000 | PA      | $161362.74    | 0.06%             | 2032-01-29      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ANGI GROUP LLC                            | ANGI Group LLC                                                                                                         | CUSIP: 001846AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1197000 | PA      | $1127597.94   | 0.45%             | 2028-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                     | Bausch Health Cos Inc                                                                                                  | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   1530000 | PA      | $1604082.60   | 0.64%             | 2028-09-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Navient Corp                              | Navient Corp                                                                                                           | CUSIP: 78442FAZ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    577000 | PA      | $526581.74    | 0.21%             | 2033-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| WOODSIDE FINANCE LTD                      | Woodside Finance Ltd                                                                                                   | CUSIP: 980236AV5<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |    354000 | PA      | $365604.12    | 0.15%             | 2035-05-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                          | Societe Generale SA                                                                                                    | CUSIP: 83368RCG5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    539000 | PA      | $550852.61    | 0.22%             | 2031-05-22      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| CURO GROUP HLDGS LLC                      | CURO GROUP HLDGS LLC                                                                                                   | CUSIP: 23132H105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9491 | NS      | $56946.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| NEW GOLD INC                              | New Gold Inc                                                                                                           | CUSIP: 644535AJ5<br>LEI: 5493005G0GNCHP0H6L96 | Long             | DBT              | CORP              | CA        |    175000 | PA      | $182379.75    | 0.07%             | 2032-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NESCO HOLDINGS II INC                     | NESCO Holdings II Inc                                                                                                  | CUSIP: 64083YAA9<br>LEI: 254900FAHT0HW9T6L409 | Long             | DBT              | CORP              | US        |    168000 | PA      | $163947.84    | 0.07%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                       | United Airlines Inc                                                                                                    | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    229000 | PA      | $225578.74    | 0.09%             | 2029-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                      | Veritiv Operating Co                                                                                                   | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |    141000 | PA      | $152649.42    | 0.06%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                      | Las Vegas Sands Corp                                                                                                   | CUSIP: 517834AM9<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    307000 | PA      | $314070.21    | 0.13%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                    | Goodyear Tire & Rubber Co/The                                                                                          | CUSIP: 382550BK6<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    403000 | PA      | $379198.82    | 0.15%             | 2033-04-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                   | American Electric Power Co Inc                                                                                         | CUSIP: 025537BA8<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |     80000 | PA      | $85147.20     | 0.03%             | 2054-12-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| VERITAS US INC V SERIES G 1 PR            | VERITAS US INC V SERIES G 1 PR                                                                                         | CUSIP: 000000000<br>LEI: 549300RFUWCPWS8FQ104 | Long             | EP               | CORP              | US        |       277 | NS      | $6301.75      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| AXON ENTERPRISE INC                       | Axon Enterprise Inc                                                                                                    | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    489000 | PA      | $503738.46    | 0.20%             | 2030-03-05      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ASP UNIFRAX HOLDINGS INC                  | ASP Unifrax Holdings Inc                                                                                               | CUSIP: 00218LAH4<br>LEI: 549300RRU6BWJLD0YT71 | Long             | DBT              | CORP              | US        |    279684 | PA      | $138491.13    | 0.06%             | 2029-09-30      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                          | CSC Holdings LLC                                                                                                       | CUSIP: 126307BH9<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    150000 | PA      | $97171.50     | 0.04%             | 2031-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                     | Melco Resorts Finance Ltd                                                                                              | CUSIP: 58547DAD1<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    236000 | PA      | $227740.00    | 0.09%             | 2029-12-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                  | Univision Communications Inc                                                                                           | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    254000 | PA      | $238912.40    | 0.10%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                    | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC                                                  | CUSIP: 01309QAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    470000 | PA      | $478901.80    | 0.19%             | 2028-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Weber-Stephen Products LLC                | Weber-Stephen Products LLC Initial Term B Loan                                                                         | CUSIP: 94767KAN1<br>LEI: 549300XU8TJBBGLK8V26 | Long             | LON              | CORP              | US        |    119235 | PA      | $118830.41    | 0.05%             | 2027-10-30      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                             | Nordstrom Inc                                                                                                          | CUSIP: 655664AT7<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    351000 | PA      | $325903.50    | 0.13%             | 2030-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                           | Madison IAQ LLC                                                                                                        | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |   1382000 | PA      | $1366701.26   | 0.55%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                  | Warnermedia Holdings Inc                                                                                               | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1639225.00   | 0.65%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| RESORTS WORLD/RWLV CAP                    | Resorts World Las Vegas LLC / RWLV Capital Inc                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $269625.00    | 0.11%             | 2029-04-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ABC SUPPLY CO INC                         | American Builders & Contractors Supply Co Inc                                                                          | CUSIP: 024747AF4<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |   1259000 | PA      | $1231742.65   | 0.49%             | 2028-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                          | Arches Buyer Inc                                                                                                       | CUSIP: 039524AB9<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |    570000 | PA      | $552717.60    | 0.22%             | 2028-12-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MAGNETATION LLC/FIN CORP                  | Magnetation LLC / Mag Finance Corp                                                                                     | CUSIP: 559417AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60028 | PA      | $0.00         | 0.00%             | 2018-05-15      | Fixed         | 11.00%                | No            |                  3 | On Loan: No      |
| NEWMARK GROUP INC                         | Newmark Group Inc                                                                                                      | CUSIP: 65158NAD4<br>LEI: N/A                  | Long             | DBT              |  | US        |    630000 | PA      | $674566.20    | 0.27%             | 2029-01-12      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                            | NRG Energy Inc                                                                                                         | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    647000 | PA      | $648928.06    | 0.26%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LTR Intermediate Holdings, Inc.           | LTR Intermediate Holdings, Inc. Initial Term Loan                                                                      | CUSIP: 50219UAB1<br>LEI: 549300J0IFHJE2TQGX07 | Long             | LON              | CORP              | US        |    190000 | PA      | $189050.00    | 0.08%             | 2028-05-05      | Floating      | 8.93%                 | No            |                  3 | On Loan: No      |
| LCPR SR SECURED FIN DAC                   | LCPR Senior Secured Financing DAC                                                                                      | CUSIP: 50201DAA1<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $124422.00    | 0.05%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NFE FINANCING LLC                         | NFE Financing LLC                                                                                                      | CUSIP: 62909BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1097437 | PA      | $404153.12    | 0.16%             | 2029-11-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                  | Charter Communications Operating LLC / Charter Communications Operating Capital                                        | CUSIP: 161175BM5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     97000 | PA      | $90733.80     | 0.04%             | 2038-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                     | Freedom Mortgage Holdings LLC                                                                                          | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    370000 | PA      | $382161.90    | 0.15%             | 2032-04-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                  | Univision Communications Inc                                                                                           | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    249000 | PA      | $258377.34    | 0.10%             | 2028-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                             | TransDigm Inc                                                                                                          | CUSIP: 893647BZ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    120000 | PA      | $123136.80    | 0.05%             | 2034-01-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                             | FirstCash Inc                                                                                                          | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    387000 | PA      | $380730.60    | 0.15%             | 2028-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| DEALER TIRE LLC/DT ISSR                   | Dealer Tire LLC / DT Issuer LLC                                                                                        | CUSIP: 24229JAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    337000 | PA      | $327048.39    | 0.13%             | 2028-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                           | Yum! Brands Inc                                                                                                        | CUSIP: 988498AN1<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |     90000 | PA      | $83765.70     | 0.03%             | 2031-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| K2016470219 (SOUTH AFRICA) LTD            | K2016470219 (SOUTH AFRICA) LTD                                                                                         | CUSIP: 000000000<br>LEI: 378900DECAC8CFA88345 | Long             | EC               | CORP              | US        |     30276 | NS      | $0.03         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MUNDYS SPA                                | Mundys SpA                                                                                                             | CUSIP: 000000000<br>LEI: 8156008DEC771409C487 | Long             | DBT              | CORP              | IT        |    153000 | PA      | $174184.85    | 0.07%             | 2028-02-12      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| CORELOGIC INC                             | CoreLogic Inc                                                                                                          | CUSIP: 21871DAD5<br>LEI: 54930086CD8K2UIL0516 | Long             | DBT              | CORP              | US        |    102000 | PA      | $97989.36     | 0.04%             | 2028-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JetBlue Airways Corporation               | JetBlue Airways Corporation Initial Term Loan                                                                          | CUSIP: 000000000<br>LEI: 54930070J9H97ZO93T57 | Long             | LON              | CORP              | US        |    198500 | PA      | $187185.50    | 0.07%             | 2029-08-27      | Floating      | 9.07%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                  | Hilton Domestic Operating Co Inc                                                                                       | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    736000 | PA      | $671489.60    | 0.27%             | 2032-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                  | iHeartCommunications Inc 2024 Term Loan                                                                                | CUSIP: 000000000<br>LEI: 54930076J6KDZL504O62 | Long             | LON              | CORP              | US        |    245765 | PA      | $206305.01    | 0.08%             | 2029-05-01      | Floating      | 10.21%                | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                   | Global Partners LP / GLP Finance Corp                                                                                  | CUSIP: 37954FAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    208000 | PA      | $211043.04    | 0.08%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CD&R SMOKEY / RADIO SYS                   | CD&R Smokey Buyer Inc / Radio Systems Corp                                                                             | CUSIP: 12515KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    222000 | PA      | $168924.24    | 0.07%             | 2029-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| MOTION FINCO SARL                         | Motion Finco Sarl                                                                                                      | CUSIP: 000000000<br>LEI: 2549002L1LBQZKA7UN30 | Long             | DBT              | CORP              | LU        |    115000 | PA      | $119509.89    | 0.05%             | 2030-06-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                      | LifePoint Health Inc                                                                                                   | CUSIP: 53219LAW9<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    988000 | PA      | $1089121.80   | 0.43%             | 2030-10-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| EXIDE TECHNOLOGIES                        | EXIDE TECHNOLOGIES                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |        39 | NS      | $43875.00     | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| DISH DBS CORP                             | DISH DBS Corp                                                                                                          | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    998000 | PA      | $968199.72    | 0.39%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| K2016470219 SA LTD                        | K2016470219 South Africa Ltd                                                                                           | CUSIP: 000000000<br>LEI: 378900DECAC8CFA88345 | Long             | DBT              | CORP              | ZA        |       712 | PA      | $0.00         | 0.00%             | 2022-12-31      | Fixed         | 3.00%                 | No            |                  3 | On Loan: No      |
| AS Mileage Plan IP Ltd.                   | AS Mileage Plan IP Ltd. Initial Term Loan (2025)                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |    129025 | PA      | $129226.28    | 0.05%             | 2031-10-15      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| MEHILAINEN YHTIOT OY                      | Mehilainen Yhtiot Oy                                                                                                   | CUSIP: 000000000<br>LEI: 2138006X78HGYRHS5865 | Long             | DBT              | CORP              | FI        |    261000 | PA      | $310293.71    | 0.12%             | 2032-06-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES                     | Continental Resources Inc/OK                                                                                           | CUSIP: 212015AV3<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |    241000 | PA      | $206956.34    | 0.08%             | 2032-04-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                  | Antero Midstream Partners LP / Antero Midstream Finance Corp                                                           | CUSIP: 03690AAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    199000 | PA      | $199489.54    | 0.08%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                  | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc                                              | CUSIP: 43284MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    562000 | PA      | $523132.08    | 0.21%             | 2031-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| KEDRION SPA                               | Kedrion SpA                                                                                                            | CUSIP: 49272YAB9<br>LEI: 81560047FA58E1BEDF67 | Long             | DBT              | CORP              | IT        |    150000 | PA      | $147601.50    | 0.06%             | 2029-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                               | BNP Paribas SA                                                                                                         | CUSIP: 05565ASK0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    254000 | PA      | $226491.80    | 0.09%             | 2031-02-25      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CAMELOT RETURN MERGER SU                  | Camelot Return Merger Sub Inc                                                                                          | CUSIP: 13323NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    743000 | PA      | $714691.70    | 0.29%             | 2028-08-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| SPECIALTY BUILDING PRODU                  | Specialty Building Products Holdings LLC / SBP Finance Corp                                                            | CUSIP: 84749AAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1127000 | PA      | $1130910.69   | 0.45%             | 2029-10-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                     | Qnity Electronics Inc                                                                                                  | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    174000 | PA      | $179862.06    | 0.07%             | 2033-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ASTON MARTIN CAPITAL HOL                  | Aston Martin Capital Holdings Ltd                                                                                      | CUSIP: 04625HAJ8<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |    585000 | PA      | $568625.85    | 0.23%             | 2029-03-31      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| LSB INDUSTRIES                            | LSB Industries Inc                                                                                                     | CUSIP: 502160AN4<br>LEI: 5493001H215A0HG0MI71 | Long             | DBT              | CORP              | US        |    764000 | PA      | $759087.48    | 0.30%             | 2028-10-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| RealTruck Group, Inc.                     | RealTruck Group, Inc. Second Amendment Incremental Term Loan                                                           | CUSIP: 89778PAH0<br>LEI: 54930007KT5CX7XNSD31 | Long             | LON              | CORP              | US        |    218892 | PA      | $204731.59    | 0.08%             | 2028-01-31      | Floating      | 9.43%                 | No            |                  2 | On Loan: No      |
| MIDCAP FINANCIAL ISSR TR                  | Midcap Financial Issuer Trust                                                                                          | CUSIP: 59567LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    202000 | PA      | $201422.28    | 0.08%             | 2028-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Bombardier Inc                            | Bombardier Inc                                                                                                         | CUSIP: 097751AL5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $109277.00    | 0.04%             | 2034-05-01      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                      | Garda World Security Corp                                                                                              | CUSIP: 36485MAK5<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    372000 | PA      | $369433.20    | 0.15%             | 2027-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| HUNT COS INC                              | Hunt Cos Inc                                                                                                           | CUSIP: 445587AE8<br>LEI: 549300ODPWDNCH5TKM49 | Long             | DBT              |  | US        |     83000 | PA      | $81151.59     | 0.03%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MILLENNIUM ESCROW CORP                    | Millennium Escrow Corp                                                                                                 | CUSIP: 60041CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1082000 | PA      | $1033028.68   | 0.41%             | 2026-08-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MONITRONICS INTERNATIONAL, INC            | MONITRONICS INTERNATIONAL, INC                                                                                         | CUSIP: 609ESCAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     14000 | PA      | $0.01         | 0.00%             | 2025-04-01      | Fixed         | 9.12%                 | No            |                  3 | On Loan: No      |
| GRAY MEDIA INC                            | Gray Media Inc                                                                                                         | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     17000 | PA      | $12541.58     | 0.01%             | 2031-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                    | Cloud Software Group Inc                                                                                               | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    243000 | PA      | $253422.27    | 0.10%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                         | Lithia Motors Inc                                                                                                      | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    327000 | PA      | $311130.69    | 0.12%             | 2031-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Churchill Downs Inc                       | Churchill Downs Inc                                                                                                    | CUSIP: 171484AG3<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    106000 | PA      | $105871.74    | 0.04%             | 2027-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| STUDIO CITY CO LTD                        | Studio City Co Ltd                                                                                                     | CUSIP: 86400GAC3<br>LEI: 984500V5401EFT095A58 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $201500.00    | 0.08%             | 2027-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                               | Vistra Corp                                                                                                            | CUSIP: 92840MAB8<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |     29000 | PA      | $29677.44     | 0.01%             | 2026-10-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                     | Freedom Mortgage Corp                                                                                                  | CUSIP: 35640YAL1<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |     29000 | PA      | $32164.48     | 0.01%             | 2030-10-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| Viking Cruises Ltd                        | Viking Cruises Ltd                                                                                                     | CUSIP: 92676XAD9<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |     24000 | PA      | $24008.16     | 0.01%             | 2027-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                   | BPCE SA                                                                                                                | CUSIP: 05571AAU9<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $261757.50    | 0.10%             | 2035-01-18      | Fixed         | 6.51%                 | No            |                  2 | On Loan: No      |
| CVR PARTNERS/CVR NITROGE                  | CVR Partners LP / CVR Nitrogen Finance Corp                                                                            | CUSIP: 12663QAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1134000 | PA      | $1132412.40   | 0.45%             | 2028-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                       | Buckeye Partners LP                                                                                                    | CUSIP: 118230AU5<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |   1306000 | PA      | $1288238.40   | 0.51%             | 2028-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                | goeasy Ltd                                                                                                             | CUSIP: 380355AH0<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    196000 | PA      | $206268.44    | 0.08%             | 2028-12-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                             | Parkland Corp                                                                                                          | CUSIP: 70137WAL2<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |    347000 | PA      | $336780.85    | 0.13%             | 2030-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| HARBOUR ENERGY PLC                        | HARBOUR ENERGY PLC                                                                                                     | CUSIP: 411618AD3<br>LEI: 213800YPC42DYBKVPF97 | Long             | DBT              | CORP              | GB        |   1029000 | PA      | $1041666.99   | 0.42%             | 2035-04-01      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                  | Antero Midstream Partners LP / Antero Midstream Finance Corp                                                           | CUSIP: 03690AAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1348000 | PA      | $1341880.08   | 0.54%             | 2029-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                        | Ally Financial Inc                                                                                                     | CUSIP: 02005NBS8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    121000 | PA      | $125787.97    | 0.05%             | 2033-02-14      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| MUELLER WATER PRODUCTS                    | Mueller Water Products Inc                                                                                             | CUSIP: 624758AF5<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | DBT              | CORP              | US        |    905000 | PA      | $870628.10    | 0.35%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                            | Var Energi ASA                                                                                                         | CUSIP: 92212WAG5<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    241000 | PA      | $251811.26    | 0.10%             | 2035-05-22      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OWENS & MINOR INC                         | Owens & Minor Inc                                                                                                      | CUSIP: 690732AG7<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |     77000 | PA      | $66818.29     | 0.03%             | 2030-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                | goeasy Ltd                                                                                                             | CUSIP: 380355AN7<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    410000 | PA      | $422591.10    | 0.17%             | 2030-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.             | PURCHASED USD / SOLD EUR                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $1153.96      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                          | Deutsche Bank AG/New York NY                                                                                           | CUSIP: 251526CT4<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    204000 | PA      | $221578.68    | 0.09%             | 2034-02-10      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                  | Standard Industries Inc/NY                                                                                             | CUSIP: 853496AD9<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    779000 | PA      | $771848.78    | 0.31%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                  | Live Nation Entertainment Inc                                                                                          | CUSIP: 538034AX7<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    232000 | PA      | $226608.32    | 0.09%             | 2028-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                   | Asbury Automotive Group Inc                                                                                            | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    626000 | PA      | $608083.88    | 0.24%             | 2029-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UKG INC                                   | UKG Inc                                                                                                                | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |    363000 | PA      | $375309.33    | 0.15%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Rackspace Finance, LLC                    | Rackspace Finance, LLC Term B Loan                                                                                     | CUSIP: 75008UAD9<br>LEI: 549300QTYCKLMFSE8I97 | Long             | LON              | CORP              | US        |    363968 | PA      | $183075.89    | 0.07%             | 2028-05-15      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| ACProducts Inc                            | ACProducts Inc 2021 Term Loan B                                                                                        | CUSIP: 00488YAB2<br>LEI: 254900KTNXVUUHWHBF39 | Long             | LON              | CORP              | US        |     95040 | PA      | $76744.80     | 0.03%             | 2028-05-17      | Floating      | 8.81%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING                  | JH North America Holdings Inc                                                                                          | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |    282000 | PA      | $286495.08    | 0.11%             | 2032-07-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| GLOBAL AUTO HO/AAG FH UK                  | Global Auto Holdings Ltd/AAG FH UK Ltd                                                                                 | CUSIP: 00033GAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    463000 | PA      | $405842.65    | 0.16%             | 2032-01-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                   | SBA Communications Corp                                                                                                | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              |  | US        |    386000 | PA      | $379542.22    | 0.15%             | 2027-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PACHELBEL BIDCO SPA                       | Pachelbel Bidco SpA                                                                                                    | CUSIP: 000000000<br>LEI: 8156005DA07CDD50CC46 | Long             | DBT              | CORP              | IT        |    125000 | PA      | $157912.11    | 0.06%             | 2031-05-17      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| VIRTUSA CORP                              | Virtusa Corp                                                                                                           | CUSIP: 92837TAA0<br>LEI: C77OMXDER63WLJCSKT03 | Long             | DBT              | CORP              | US        |     37000 | PA      | $36224.85     | 0.01%             | 2028-12-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| AFFINITY INTERACTIVE                      | Affinity Interactive                                                                                                   | CUSIP: 00842XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     54000 | PA      | $30898.80     | 0.01%             | 2027-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VERTIV GROUP CORPORATION                  | Vertiv Group Corp                                                                                                      | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |    154000 | PA      | $150354.82    | 0.06%             | 2028-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SONIC AUTOMOTIVE INC                      | Sonic Automotive Inc                                                                                                   | CUSIP: 83545GBD3<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |     78000 | PA      | $75881.52     | 0.03%             | 2029-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| OMEGA HLTHCARE INVESTORS                  | Omega Healthcare Investors Inc                                                                                         | CUSIP: 681936BP4<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              |  | US        |    131000 | PA      | $132879.85    | 0.05%             | 2030-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                     | Hightower Holding LLC                                                                                                  | CUSIP: 43118DAA8<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |     11000 | PA      | $10967.22     | 0.00%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NEOGEN FOOD SAFE CORP                     | Neogen Food Safety Corp                                                                                                | CUSIP: 365417AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     82000 | PA      | $85531.74     | 0.03%             | 2030-07-20      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                  | Univision Communications Inc                                                                                           | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77371.50     | 0.03%             | 2031-07-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                  | Warnermedia Holdings Inc                                                                                               | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1115000 | PA      | $751510.00    | 0.30%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING                  | JH North America Holdings Inc                                                                                          | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |     62000 | PA      | $62663.40     | 0.03%             | 2031-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                  | Lloyds Banking Group PLC                                                                                               | CUSIP: 000000000<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |      8000 | PA      | $9971.83      | 0.00%             | 2032-06-07      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SONIC AUTOMOTIVE INC                      | Sonic Automotive Inc                                                                                                   | CUSIP: 83545GBE1<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95661.00     | 0.04%             | 2031-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Crown Subsea Communications Holding, Inc. | Crown Subsea Communications Holding, Inc. 2025 Term Loan                                                               | CUSIP: 22860EAK8<br>LEI: 5493003AYLUE132FIO27 | Long             | LON              | CORP              | US        |     49500 | PA      | $49855.91     | 0.02%             | 2031-01-30      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| CI FINANCIAL CORP                         | CI Financial Corp                                                                                                      | CUSIP: 125491AN0<br>LEI: 549300M9W7JJQSVCEM78 | Long             | DBT              | CORP              | CA        |    158000 | PA      | $142106.78    | 0.06%             | 2030-12-17      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                  | Permian Resources Operating LLC                                                                                        | CUSIP: 71424VAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    169000 | PA      | $175078.93    | 0.07%             | 2032-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Advantage Sales & Marketing Inc           | Advantage Sales & Marketing Inc 2024 Term Loan                                                                         | CUSIP: 00769EBA7<br>LEI: 549300T4O24KQDED1182 | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2027-10-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                             | EchoStar Corp                                                                                                          | CUSIP: 278768AB2<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |     11048 | PA      | $22484.89     | 0.01%             | 2030-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| US Radiology Specialists, Inc.            | US Radiology Specialists, Inc. TLB                                                                                     | CUSIP: 90372AAM0<br>LEI: 254900QCDFUYXJEFMY06 | Long             | LON              | CORP              | US        |     86439 | PA      | $86709.25     | 0.03%             | 2027-12-15      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| COMPASS GROUP DIVERSIFIE                  | Compass Group Diversified Holdings LLC                                                                                 | CUSIP: 20451RAB8<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |    762000 | PA      | $703074.54    | 0.28%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                  | Hilton Domestic Operating Co Inc                                                                                       | CUSIP: 432833AF8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     17000 | PA      | $16963.79     | 0.01%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ZIGGO BOND CO BV                          | Ziggo Bond Co BV                                                                                                       | CUSIP: 98953GAD7<br>LEI: 213800JYI4P7V5QDOG59 | Long             | DBT              | CORP              | NL        |    794000 | PA      | $700236.54    | 0.28%             | 2030-02-28      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                              | Navient Corp                                                                                                           | CUSIP: 63938CAP3<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    454000 | PA      | $513247.00    | 0.20%             | 2031-03-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| GOTO GROUP INC                            | GoTo Group Inc                                                                                                         | CUSIP: 38349YAA3<br>LEI: 549300D12V5KRBV00592 | Long             | DBT              | CORP              | US        |    151863 | PA      | $126495.80    | 0.05%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                      | LifePoint Health Inc                                                                                                   | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    632000 | PA      | $684462.32    | 0.27%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                   | Global Partners LP / GLP Finance Corp                                                                                  | CUSIP: 37954FAK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    112000 | PA      | $117996.48    | 0.05%             | 2032-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                  | Univision Communications Inc                                                                                           | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    425000 | PA      | $428952.50    | 0.17%             | 2030-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                        | Osaic Holdings Inc                                                                                                     | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20376.80     | 0.01%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                  | Charter Communications Operating LLC / Charter Communications Operating Capital                                        | CUSIP: 161175BA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    776000 | PA      | $754365.12    | 0.30%             | 2045-10-23      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                       | Resideo Funding Inc                                                                                                    | CUSIP: 76119LAD3<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |    172000 | PA      | $175882.04    | 0.07%             | 2032-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CONDUENT BUS SERVICES                     | Conduent Business Services LLC / Conduent State & Local Solutions Inc                                                  | CUSIP: 20679LAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $47874.00     | 0.02%             | 2029-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                   | Jane Street Group / JSG Finance Inc                                                                                    | CUSIP: 47077WAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1753000 | PA      | $1692170.90   | 0.68%             | 2029-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                  | American Airlines Inc/AAdvantage Loyalty IP Ltd                                                                        | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1439000 | PA      | $1447374.98   | 0.58%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MGM CHINA HOLDINGS LTD                    | MGM China Holdings Ltd                                                                                                 | CUSIP: 55300RAG6<br>LEI: 529900VZFN87OS7WJM66 | Long             | DBT              | CORP              | KY        |    221000 | PA      | $219066.25    | 0.09%             | 2027-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                     | GFL Environmental Inc                                                                                                  | CUSIP: 36168QAP9<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    237000 | PA      | $230560.71    | 0.09%             | 2029-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SUMMER BC HOLDCO B SARL                   | Summer BC Holdco B SARL                                                                                                | CUSIP: 000000000<br>LEI: 984500NRF59D5DB9B654 | Long             | DBT              | CORP              | LU        |    113000 | PA      | $131308.85    | 0.05%             | 2030-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| INVERSION ESCROW ISSUER                   | Inversion Escrow Issuer LLC                                                                                            | CUSIP: 46150DAA0<br>LEI: 254900P6GHORGRVLKI95 | Long             | DBT              | CORP              | US        |    327000 | PA      | $323831.37    | 0.13%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                   | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl                                           | CUSIP: 049362AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    798000 | PA      | $780029.04    | 0.31%             | 2028-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                  | Performance Food Group Inc                                                                                             | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |     84000 | PA      | $81406.08     | 0.03%             | 2029-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                             | LGI Homes Inc                                                                                                          | CUSIP: 50187TAK2<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    191000 | PA      | $186360.61    | 0.07%             | 2032-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                       | Clarivate Science Holdings Corp                                                                                        | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    918000 | PA      | $868602.42    | 0.35%             | 2029-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                       | Resideo Funding Inc                                                                                                    | CUSIP: 76119LAB7<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |     84000 | PA      | $80493.84     | 0.03%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                    | US 5YR NOTE (CBT) DEC25                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        99 | NC      | $56273.47     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AMC NETWORKS INC                          | AMC Networks Inc                                                                                                       | CUSIP: 00164VAF0<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4115.05      | 0.00%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                        | Ford Motor Co                                                                                                          | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    136000 | PA      | $116532.96    | 0.05%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                     | Ellucian Holdings Inc                                                                                                  | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |    120000 | PA      | $122444.40    | 0.05%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                              | CaixaBank SA                                                                                                           | CUSIP: 12803RAM6<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    216000 | PA      | $218304.72    | 0.09%             | 2036-07-03      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| TOUCAN FINCO LTD/CAN/US                   | Toucan FinCo Ltd/Toucan FinCo Can Inc/Toucan FinCo US LLC                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    189000 | PA      | $215729.22    | 0.09%             | 2030-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| PLAYTIKA HOLDING CORP                     | Playtika Holding Corp                                                                                                  | CUSIP: 72815LAA5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | DBT              | CORP              | US        |    402000 | PA      | $369365.64    | 0.15%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| EDCON LTD                                 | EDCON LTD                                                                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | XX        |      8218 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| EXIDE TECHNOLOGIES                        | EXIDE TECHNOLOGIES                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     12969 | PA      | $0.00         | 0.00%             | 2049-01-31      | Fixed         | 11.00%                | No            |                  3 | On Loan: No      |
| RAND PARENT LLC                           | Rand Parent LLC                                                                                                        | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    116000 | PA      | $120092.48    | 0.05%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                          | CSC Holdings LLC                                                                                                       | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    449000 | PA      | $448178.33    | 0.18%             | 2028-05-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| Veritas US Inc.                           | Veritas US Inc. Dollar Term Loan B                                                                                     | CUSIP: 000000000<br>LEI: 549300RFUWCPWS8FQ104 | Long             | LON              | CORP              | US        |     31305 | PA      | $32009.57     | 0.01%             | 2029-12-09      | Floating      | 12.30%                | No            |                  3 | On Loan: No      |
| SOTHEBY'S                                 | Sotheby's                                                                                                              | CUSIP: 835898AH0<br>LEI: 549300P5BAAMQQ7VL735 | Long             | DBT              | CORP              | US        |    386000 | PA      | $382614.78    | 0.15%             | 2027-10-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                    | Sunoco LP / Sunoco Finance Corp                                                                                        | CUSIP: 86765LAN7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     16000 | PA      | $16065.28     | 0.01%             | 2028-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MIWD HLDCO II/MIWD FIN                    | MIWD Holdco II LLC / MIWD Finance Corp                                                                                 | CUSIP: 55337PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1131646.00   | 0.45%             | 2030-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| K2016470219 SA LTD                        | K2016470219 SA LTD                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |       678 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                  | Ford Motor Credit Co LLC                                                                                               | CUSIP: 345397G98<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    430000 | PA      | $442117.40    | 0.18%             | 2032-03-19      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| GLOBAL AUTO HO/AAG FH UK                  | Global Auto Holdings Ltd/AAG FH UK Ltd                                                                                 | CUSIP: 00033YAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    255000 | PA      | $253587.30    | 0.10%             | 2029-08-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| DCLI BIDCO LLC                            | Dcli Bidco LLC                                                                                                         | CUSIP: 233104AA6<br>LEI: 2549007UUVJTHHNK9T70 | Long             | DBT              | CORP              | US        |    131000 | PA      | $134157.10    | 0.05%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                               | Asurion LLC 2023 Term Loan B11                                                                                         | CUSIP: 04649VBC3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    156400 | PA      | $156179.48    | 0.06%             | 2028-08-19      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| ESC SOUTHEASTERN GROCE                    | ESC SOUTHEASTERN GROCE                                                                                                 | CUSIP: 841ESC015<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3584 | NS      | $143.36       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CHAMPION IRON CANADA INC                  | Champion Iron Canada Inc                                                                                               | CUSIP: 15853BAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    100000 | PA      | $104351.00    | 0.04%             | 2032-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                  | Sinclair Television Group Inc                                                                                          | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    381000 | PA      | $390441.18    | 0.16%             | 2033-01-27      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                           | Nissan Motor Co Ltd                                                                                                    | CUSIP: 654922AD5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |   1391000 | PA      | $1470968.59   | 0.59%             | 2035-07-17      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| GATES CORPORATION/DE                      | Gates Corp/DE                                                                                                          | CUSIP: 367398AA2<br>LEI: 984500F43C791F4C7894 | Long             | DBT              | CORP              | US        |    373000 | PA      | $387923.73    | 0.15%             | 2029-05-22      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE                    | Ardonagh Group Finance Ltd                                                                                             | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |    289000 | PA      | $305935.40    | 0.12%             | 2032-02-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| KONTOOR BRANDS INC                        | Kontoor Brands Inc                                                                                                     | CUSIP: 50050NAA1<br>LEI: 549300M0CPXV65RFF271 | Long             | DBT              | CORP              | US        |     72000 | PA      | $67818.96     | 0.03%             | 2029-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                          | Altice France SA                                                                                                       | CUSIP: 02156LAA9<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    354000 | PA      | $329315.58    | 0.13%             | 2027-02-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                    | Match Group Holdings II LLC                                                                                            | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78759.20     | 0.03%             | 2028-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                      | Garda World Security Corp                                                                                              | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    124000 | PA      | $129344.40    | 0.05%             | 2032-10-29      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                            | Gray Media Inc                                                                                                         | CUSIP: 389375AL0<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    165000 | PA      | $124028.85    | 0.05%             | 2030-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                        | Ally Financial Inc                                                                                                     | CUSIP: 02005NBW9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    177000 | PA      | $181081.62    | 0.07%             | 2031-01-17      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                   | Royal Caribbean Cruises Ltd                                                                                            | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     40000 | PA      | $40679.60     | 0.02%             | 2031-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                  | Hilcorp Energy I LP / Hilcorp Finance Co                                                                               | CUSIP: 431318BE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    267000 | PA      | $256181.16    | 0.10%             | 2034-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| APH/APH2/APH3/AQUARIAN                    | APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves                                       | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    151000 | PA      | $157145.70    | 0.06%             | 2029-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TECHEM VERWALTUNGSGESELL                  | Techem Verwaltungsgesellschaft 675 mbH                                                                                 | CUSIP: 000000000<br>LEI: 529900N0M7FQHNAV1A41 | Long             | DBT              | CORP              | DE        |    178000 | PA      | $215407.80    | 0.09%             | 2029-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                     | NGL Energy Operating LLC / NGL Energy Finance Corp                                                                     | CUSIP: 62922LAC2<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |    546000 | PA      | $557367.72    | 0.22%             | 2029-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| ECO Material Technologies Inc.            | ECO Material Technologies Inc. Initial Term Loan                                                                       | CUSIP: 27888XAB3<br>LEI: 2549001ARPX05UHXX452 | Long             | LON              | CORP              | US        |    380000 | PA      | $380000.00    | 0.15%             | 2032-02-12      | Floating      | 7.47%                 | No            |                  3 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                    | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC                                                  | CUSIP: 013092AG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    659000 | PA      | $626926.47    | 0.25%             | 2029-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BANIJAY ENTERTAINMENT                     | Banijay Entertainment SAS                                                                                              | CUSIP: 060335AB2<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |    246000 | PA      | $255849.84    | 0.10%             | 2029-05-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| ENGINEERING SPA                           | Engineering - Ingegneria Informatica - SpA                                                                             | CUSIP: 000000000<br>LEI: 81560042F5E23EE61346 | Long             | DBT              | CORP              | IT        |    103000 | PA      | $122913.62    | 0.05%             | 2030-01-31      | Floating      | 7.73%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                          | CSC Holdings LLC                                                                                                       | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    252000 | PA      | $198452.52    | 0.08%             | 2029-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ZIGGO BV                                  | Ziggo BV                                                                                                               | CUSIP: 98955DAA8<br>LEI: 213800TQASLF9JXH5J59 | Long             | DBT              | CORP              | NL        |    411000 | PA      | $385596.09    | 0.15%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                  | Brookfield Residential Properties Inc / Brookfield Residential US LLC                                                  | CUSIP: 11283YAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1187000 | PA      | $1090425.68   | 0.44%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                             | TransDigm Inc                                                                                                          | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    449000 | PA      | $454037.78    | 0.18%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Murphy Oil Corp                           | Murphy Oil Corp                                                                                                        | CUSIP: 626717AG7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |     20000 | PA      | $16759.20     | 0.01%             | 2042-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| STENA INTERNATIONAL SA                    | Stena International SA                                                                                                 | CUSIP: 85858EAD5<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $408636.00    | 0.16%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO                   | Central Garden & Pet Co                                                                                                | CUSIP: 153527AN6<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |     62000 | PA      | $58656.96     | 0.02%             | 2030-10-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| RADIATE HOLDCO LLC                        | Radiate Holdco LLC 2025 FLFO Term Loan                                                                                 | CUSIP: 75025KAK4<br>LEI: 5493000GQJ5RDX9DNJ71 | Long             | LON              | CORP              | US        |    289172 | PA      | $235192.22    | 0.09%             | 2029-09-25      | Floating      | 7.93%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                        | Banco Santander SA                                                                                                     | CUSIP: 05964HBD6<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $212012.00    | 0.08%             | 2034-03-14      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS                     | Bread Financial Holdings Inc                                                                                           | CUSIP: 018581AP3<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |    575000 | PA      | $614393.25    | 0.25%             | 2029-03-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                     | Bausch Health Cos Inc                                                                                                  | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    261000 | PA      | $235701.27    | 0.09%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                      | IHO Verwaltungs GmbH                                                                                                   | CUSIP: 000000000<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |    144000 | PA      | $178776.31    | 0.07%             | 2029-10-07      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY                   | Howard Midstream Energy Partners LLC                                                                                   | CUSIP: 442722AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    276000 | PA      | $280603.68    | 0.11%             | 2034-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                  | First Quantum Minerals Ltd                                                                                             | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    227000 | PA      | $235342.25    | 0.09%             | 2033-02-19      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                            | Gray Media Inc                                                                                                         | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    154000 | PA      | $154766.92    | 0.06%             | 2032-07-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY                   | JetBlue Airways Corp / JetBlue Loyalty LP                                                                              | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    673000 | PA      | $668585.12    | 0.27%             | 2031-08-12      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE                            | Hertz Corp/The                                                                                                         | CUSIP: 428040DC0<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    419000 | PA      | $434306.07    | 0.17%             | 2029-07-15      | Fixed         | 12.62%                | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                  | Discovery Communications LLC                                                                                           | CUSIP: 25470DCA5<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    411000 | PA      | $389730.75    | 0.16%             | 2029-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                              | Fibercop SpA                                                                                                           | CUSIP: 683879AF7<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    564000 | PA      | $567457.32    | 0.23%             | 2036-07-18      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| IQVIA Inc                                 | IQVIA Inc                                                                                                              | CUSIP: 449934AD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    400000 | PA      | $399764.00    | 0.16%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                          | CSC Holdings LLC                                                                                                       | CUSIP: 126307AS6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    204000 | PA      | $187986.00    | 0.08%             | 2028-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SCIL IV LLC / SCIL USA H                  | SCIL IV LLC / SCIL USA Holdings LLC                                                                                    | CUSIP: 78397UAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1014000 | PA      | $1008311.46   | 0.40%             | 2026-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                  | Standard Industries Inc/NY                                                                                             | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    250000 | PA      | $227232.50    | 0.09%             | 2031-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SHEA HOMES LP/FNDG CP                     | Shea Homes LP / Shea Homes Funding Corp                                                                                | CUSIP: 82088KAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $19490.40     | 0.01%             | 2029-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO                   | Beach Acquisition Bidco LLC                                                                                            | CUSIP: 000000000<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    229000 | PA      | $274043.26    | 0.11%             | 2032-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                  | Capital One Financial Corp                                                                                             | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    184000 | PA      | $189882.48    | 0.08%             | 2036-01-30      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                 | Block Inc                                                                                                              | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    216000 | PA      | $221734.80    | 0.09%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC/PETSMART FI                  | PetSmart LLC / PetSmart Finance Corp                                                                                   | CUSIP: 71677KAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    498000 | PA      | $492785.94    | 0.20%             | 2032-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TITAN INTERNATIONAL INC                   | Titan International Inc                                                                                                | CUSIP: 88830MAM4<br>LEI: 254900CXRGBE7C4B5A06 | Long             | DBT              | CORP              | US        |     17000 | PA      | $17026.69     | 0.01%             | 2028-04-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                     | Tenet Healthcare Corp                                                                                                  | CUSIP: 88033GDH0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1231000 | PA      | $1217274.35   | 0.49%             | 2028-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SNF GROUP SACA                            | SNF Group SACA                                                                                                         | CUSIP: 000000000<br>LEI: 969500F7036FEDYPRV54 | Long             | DBT              | CORP              | FR        |    469000 | PA      | $564873.33    | 0.23%             | 2032-03-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GRAHAM PACKAGING/GPC CAP                  | Graham Packaging Co Inc                                                                                                | CUSIP: 384701AA6<br>LEI: 549300YS0ZFT826HIK72 | Long             | DBT              | CORP              | US        |    257000 | PA      | $257167.05    | 0.10%             | 2028-08-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                      | Garda World Security Corp                                                                                              | CUSIP: 36485MAN9<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    518000 | PA      | $539015.26    | 0.22%             | 2032-07-22      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                              | UBS Group AG                                                                                                           | CUSIP: 225401BJ6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    297000 | PA      | $301879.71    | 0.12%             | 2034-08-10      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                  | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc                                              | CUSIP: 43283QAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $117274.70    | 0.05%             | 2032-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| THOR INDUSTRIES                           | Thor Industries Inc                                                                                                    | CUSIP: 885160AA9<br>LEI: 254900XZO1228PDSG060 | Long             | DBT              | CORP              | US        |    340000 | PA      | $321871.20    | 0.13%             | 2029-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESOR                  | Marriott Ownership Resorts Inc                                                                                         | CUSIP: 57164PAH9<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1014909.00   | 0.41%             | 2029-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ESC CONTRA CONTRA CB14                    | ESC CONTRA CONTRA CB14                                                                                                 | CUSIP: 701ESCAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    280000 | PA      | $0.00         | 0.00%             | 2027-07-15      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| EXCELERATE ENERGY LP                      | Excelerate Energy LP                                                                                                   | CUSIP: 30069UAA6<br>LEI: LGL4IE90TNTFYJ55BK06 | Long             | DBT              | CORP              | US        |    770000 | PA      | $819842.10    | 0.33%             | 2030-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                       | Clarivate Science Holdings Corp                                                                                        | CUSIP: 18064PAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    517000 | PA      | $498930.85    | 0.20%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                     | Hightower Holding LLC                                                                                                  | CUSIP: 43118DAB6<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |    322000 | PA      | $345757.16    | 0.14%             | 2030-07-23      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                | Carvana Co                                                                                                             | CUSIP: 146869AF9<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |     39000 | PA      | $37883.43     | 0.02%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                  | Lloyds Banking Group PLC                                                                                               | CUSIP: 539439AU3<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    219000 | PA      | $219387.63    | 0.09%             | 2025-09-29      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Peraton Corp.                             | Peraton Corp. Term B-1 Loan (Second Lien)                                                                              | CUSIP: 71360HAG2<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |    377745 | PA      | $227969.40    | 0.09%             | 2029-02-01      | Floating      | 12.05%                | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                  | Live Nation Entertainment Inc                                                                                          | CUSIP: 538034AV1<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    262000 | PA      | $264627.86    | 0.11%             | 2027-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                  | Hess Midstream Operations LP                                                                                           | CUSIP: 428104AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    799000 | PA      | $797777.53    | 0.32%             | 2028-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                             | ZF North America Capital Inc                                                                                           | CUSIP: 98877DAE5<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    432000 | PA      | $429053.76    | 0.17%             | 2030-04-14      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                            | Wynn Macau Ltd                                                                                                         | CUSIP: 98313RAE6<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    390000 | PA      | $377178.75    | 0.15%             | 2029-12-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                             | Citigroup Inc                                                                                                          | CUSIP: 172967PE5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     32000 | PA      | $33575.04     | 0.01%             | 2028-11-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                  | Vistra Operations Co LLC                                                                                               | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    413000 | PA      | $412867.84    | 0.16%             | 2027-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| FIVE POINT OP CO LP/FIVE                  | Five Point Operating Co LP / Five Point Capital Corp                                                                   | CUSIP: 33834YAB4<br>LEI: N/A                  | Long             | SN               |  | US        |    435088 | PA      | $439003.79    | 0.18%             | 2028-01-15      | Variable      | 11.00%                | No            |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP                        | Baytex Energy Corp                                                                                                     | CUSIP: 07317QAJ4<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $51077.00     | 0.02%             | 2030-04-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                   | Avis Budget Car Rental LLC / Avis Budget Finance Inc                                                                   | CUSIP: 053773BF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    671000 | PA      | $650883.42    | 0.26%             | 2029-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| WOODSIDE FINANCE LTD                      | Woodside Finance Ltd                                                                                                   | CUSIP: 980236AT0<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |    137000 | PA      | $140762.02    | 0.06%             | 2030-05-19      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                | Grifols SA                                                                                                             | CUSIP: 39843UAA0<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    803000 | PA      | $778789.55    | 0.31%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                          | Vital Energy Inc                                                                                                       | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    487000 | PA      | $480620.30    | 0.19%             | 2032-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                   | Avis Budget Car Rental LLC / Avis Budget Finance Inc                                                                   | CUSIP: 053773BG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    935000 | PA      | $905631.65    | 0.36%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                    | General Motors Financial Co Inc                                                                                        | CUSIP: 37045XDL7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     64000 | PA      | $56780.80     | 0.02%             | 2031-06-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA RESOURCES CRP                  | California Resources Corp                                                                                              | CUSIP: 13057QAK3<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |    122000 | PA      | $126172.40    | 0.05%             | 2029-06-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                     | GFL Environmental Inc                                                                                                  | CUSIP: 36168QAN4<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $984370.00    | 0.39%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                       | Travel + Leisure Co                                                                                                    | CUSIP: 98310WAS7<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    473000 | PA      | $477238.08    | 0.19%             | 2026-07-31      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| HOVNANIAN ENTERPRISES                     | Hovnanian Enterprises Inc                                                                                              | CUSIP: 442487112<br>LEI: 549300805N4EF0ROBT53 | Long             | EP               | CORP              | US        |       490 | NS      | $9751.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ LODGING TRUST LP                      | RLJ Lodging Trust LP                                                                                                   | CUSIP: 74965LAB7<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              |  | US        |    107000 | PA      | $100391.68    | 0.04%             | 2029-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DirecTV Financing LLC                     | DirecTV Financing LLC 2024 Term Loan                                                                                   | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    407798 | PA      | $404486.41    | 0.16%             | 2029-08-02      | Floating      | 9.82%                 | No            |                  2 | On Loan: No      |
| CONSENSUS CLOUD SOLUTION                  | Consensus Cloud Solutions Inc                                                                                          | CUSIP: 20848VAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     72000 | PA      | $72253.44     | 0.03%             | 2028-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TELUS CORP                                | TELUS Corp                                                                                                             | CUSIP: 87971MCL5<br>LEI: 894500WE70KKZRQMBU11 | Long             | DBT              | CORP              | CA        |    229000 | PA      | $233124.29    | 0.09%             | 2055-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                | DaVita Inc                                                                                                             | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    983000 | PA      | $946324.27    | 0.38%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                | Carvana Co                                                                                                             | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    824031 | PA      | $860807.50    | 0.34%             | 2030-06-01      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                       | Travel + Leisure Co                                                                                                    | CUSIP: 98310WAQ1<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |     12000 | PA      | $11551.32     | 0.00%             | 2030-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                  | American Airlines Inc/AAdvantage Loyalty IP Ltd                                                                        | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     71196 | PA      | $71211.66     | 0.03%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                             | TransDigm Inc                                                                                                          | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    690000 | PA      | $705021.30    | 0.28%             | 2028-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| IMOLA MERGER CORP                         | Imola Merger Corp                                                                                                      | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    493000 | PA      | $481301.11    | 0.19%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                            | Transocean Inc                                                                                                         | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |    200250 | PA      | $211938.59    | 0.08%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                            | Wynn Macau Ltd                                                                                                         | CUSIP: 98313RAL0<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    417000 | PA      | $418419.89    | 0.17%             | 2034-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GPD COS INC                               | GPD Cos Inc                                                                                                            | CUSIP: 36260VAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     42702 | PA      | $35671.97     | 0.01%             | 2029-12-31      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN                  | Raven Acquisition Holdings LLC                                                                                         | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    810000 | PA      | $826937.10    | 0.33%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                    | Goodyear Tire & Rubber Co/The                                                                                          | CUSIP: 382550BR1<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    400000 | PA      | $378936.00    | 0.15%             | 2031-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                           | Yum! Brands Inc                                                                                                        | CUSIP: 988498AL5<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    114000 | PA      | $113205.42    | 0.05%             | 2030-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                       | Synchrony Financial                                                                                                    | CUSIP: 87165BAW3<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    101000 | PA      | $102920.01    | 0.04%             | 2031-03-06      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC                   | NEW FORTRESS ENERGY INC                                                                                                | CUSIP: 000000000<br>LEI: 254900EICTYTCHA5X705 | Long             | EC               | CORP              | US        |      5687 | NS      | $13990.02     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                    | US 10YR NOTE (CBT)DEC25                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        24 | NC      | $12031.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ONESKY FLIGHT LLC                         | OneSky Flight LLC                                                                                                      | CUSIP: 68278CAA3<br>LEI: 549300PM6NEPXGG5B882 | Long             | DBT              | CORP              | US        |     74000 | PA      | $77894.62     | 0.03%             | 2029-12-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| EDGE FINCO PLC                            | Edge Finco PLC                                                                                                         | CUSIP: 000000000<br>LEI: 648835NI8LJE5190NT73 | Long             | DBT              | CORP              | GB        |    134000 | PA      | $192453.52    | 0.08%             | 2031-08-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                               | Vistra Operations Co LLC                                                                                               | CUSIP: 92840VAA0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    217000 | PA      | $217134.54    | 0.09%             | 2026-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                            | NRG Energy Inc                                                                                                         | CUSIP: 629377CQ3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1132000 | PA      | $1073520.88   | 0.43%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                          | Deutsche Bank AG/New York NY                                                                                           | CUSIP: 251526CF4<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    387000 | PA      | $362220.39    | 0.14%             | 2032-01-14      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| Aramark Services Inc                      | Aramark Services Inc                                                                                                   | CUSIP: 038522AQ1<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |   1096000 | PA      | $1088876.00   | 0.43%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                            | Open Text Corp                                                                                                         | CUSIP: 683715AC0<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |    593000 | PA      | $576330.77    | 0.23%             | 2028-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ENOVA INTERNATIONAL INC                   | Enova International Inc                                                                                                | CUSIP: 29357KAK9<br>LEI: 549300O8XOCQSB49UO63 | Long             | DBT              | CORP              | US        |   1003000 | PA      | $1057563.20   | 0.42%             | 2029-08-01      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| Opal US LLC                               | Opal US LLC USD Term Loan                                                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    356000 | PA      | $357780.00    | 0.14%             | 2032-04-28      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                    | Venture Global LNG Inc                                                                                                 | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    375000 | PA      | $373031.25    | 0.15%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CERDIA FINANZ GMBH                        | Cerdia Finanz GmbH                                                                                                     | CUSIP: 15679GAC6<br>LEI: 391200KURNDJSX9GX570 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $212108.00    | 0.08%             | 2031-10-03      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                              | Navient Corp                                                                                                           | CUSIP: 63938CAM0<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    141000 | PA      | $139308.00    | 0.06%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                            | NRG Energy Inc                                                                                                         | CUSIP: 629377CH3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    386000 | PA      | $384699.18    | 0.15%             | 2029-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                  | Jefferson Capital Holdings LLC                                                                                         | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    172000 | PA      | $180347.16    | 0.07%             | 2030-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                              | Fibercop SpA                                                                                                           | CUSIP: 683879AB6<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    200000 | PA      | $197906.00    | 0.08%             | 2033-11-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                  | Jefferies Finance LLC / JFIN Co-Issuer Corp                                                                            | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1242000 | PA      | $1206938.34   | 0.48%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOYNE USA INC                             | Boyne USA Inc                                                                                                          | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    379000 | PA      | $372045.35    | 0.15%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.             | PURCHASED USD / SOLD EUR                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-2501.24     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                  | CHS/Community Health Systems Inc                                                                                       | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    353000 | PA      | $373788.17    | 0.15%             | 2032-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                   | Frontier Communications Holdings LLC                                                                                   | CUSIP: 35906ABG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1591000 | PA      | $1606544.07   | 0.64%             | 2029-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Alliance Bernstein                        | AB Fixed Income Shares, Inc. - Government Money Market Portfolio                                                       | CUSIP: 018616748<br>LEI: 5493006YWHO7MNK2U579 | Long             | STIV             | RF                | US        |   4154666 | NS      | $4154665.89   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| BELDEN INC                                | Belden Inc                                                                                                             | CUSIP: 000000000<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | DBT              | CORP              | US        |    153000 | PA      | $173699.53    | 0.07%             | 2031-07-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                    | WESCO Distribution Inc                                                                                                 | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    124000 | PA      | $125857.52    | 0.05%             | 2028-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                             | Citigroup Inc                                                                                                          | CUSIP: 172967NB3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     46000 | PA      | $44907.96     | 0.02%             | 2026-11-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                  | Organon & Co / Organon Foreign Debt Co-Issuer BV                                                                       | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    850000 | PA      | $814249.00    | 0.33%             | 2028-04-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                  | Hilcorp Energy I LP / Hilcorp Finance Co                                                                               | CUSIP: 431318BC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     74000 | PA      | $77330.00     | 0.03%             | 2033-11-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                   | Jane Street Group / JSG Finance Inc                                                                                    | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    193000 | PA      | $201960.99    | 0.08%             | 2031-04-17      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L                  | Fortescue Treasury Pty Ltd                                                                                             | CUSIP: 30251GBA4<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    100000 | PA      | $98867.00     | 0.04%             | 2027-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                      | Flutter Treasury DAC                                                                                                   | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $203808.00    | 0.08%             | 2031-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL AUTO HO/AAG FH UK                  | Global Auto Holdings Ltd/AAG FH UK Ltd                                                                                 | CUSIP: 00033GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    288000 | PA      | $267151.68    | 0.11%             | 2029-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                    | US 2YR NOTE (CBT) DEC25                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -29 | NC      | $-3171.91     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                  | Prime Security Services Borrower LLC / Prime Finance Inc                                                               | CUSIP: 74166MAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    517000 | PA      | $501712.31    | 0.20%             | 2027-08-31      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| EMBECTA CORP                              | Embecta Corp                                                                                                           | CUSIP: 29082KAA3<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | DBT              | CORP              | US        |   1244000 | PA      | $1167792.56   | 0.47%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                    | Spirit AeroSystems Inc                                                                                                 | CUSIP: 85205TAN0<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    197000 | PA      | $208646.64    | 0.08%             | 2029-11-30      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                      | WR Grace Holdings LLC                                                                                                  | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    136000 | PA      | $127063.44    | 0.05%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                            | Sabre GLBL Inc                                                                                                         | CUSIP: 78573NAM4<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    845000 | PA      | $828192.95    | 0.33%             | 2030-07-15      | Fixed         | 11.12%                | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                             | TransDigm Inc                                                                                                          | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1199000 | PA      | $1228135.70   | 0.49%             | 2029-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| EXIDE COMMON STOCK                        | EXIDE COMMON STOCK                                                                                                     | CUSIP: 000000000<br>LEI: 335800X6SNGIZCBA9V34 | Long             | EC               | CORP              | US        |         7 | NS      | $3500.00      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TRINET GROUP INC                          | TriNet Group Inc                                                                                                       | CUSIP: 896288AA5<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |    124000 | PA      | $116169.40    | 0.05%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ASP UNIFRAX HLDGS INC                     | ASP UNIFRAX HLDGS INC                                                                                                  | CUSIP: 00218LAG6<br>LEI: 549300RRU6BWJLD0YT71 | Long             | DBT              | CORP              | US        |    640445 | PA      | $600122.58    | 0.24%             | 2029-09-30      | Fixed         | 11.17%                | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                          | Altice France SA                                                                                                       | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    740000 | PA      | $634823.80    | 0.25%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                        | Banco Santander SA                                                                                                     | CUSIP: 05964HAV7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $440228.00    | 0.18%             | 2033-08-08      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                    | Adient Global Holdings Ltd                                                                                             | CUSIP: 00687YAB1<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    570000 | PA      | $586478.70    | 0.23%             | 2028-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| IPD 3 BV                                  | IPD 3 BV                                                                                                               | CUSIP: 000000000<br>LEI: 724500RBP2J59JMQB629 | Long             | DBT              | CORP              | NL        |    159000 | PA      | $189213.75    | 0.08%             | 2031-05-05      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                        | PBF HOLDING CO LLC                                                                                                     | CUSIP: 69318FAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    552000 | PA      | $569940.00    | 0.23%             | 2030-03-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Neptune BidCo US Inc.                     | Neptune BidCo US Inc. Dollar Term B Loan (First Lien)                                                                  | CUSIP: 64069JAC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |    571157 | PA      | $554022.25    | 0.22%             | 2029-04-11      | Floating      | 9.43%                 | No            |                  2 | On Loan: No      |
| EMERGENT BIOSOLUTIONS                     | Emergent BioSolutions Inc                                                                                              | CUSIP: 29089QAC9<br>LEI: 549300YW6TUOX8BE5103 | Long             | DBT              | CORP              | US        |    747000 | PA      | $625717.08    | 0.25%             | 2028-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MPH ACQUISITION HOLDINGS                  | MPH Acquisition Holdings LLC                                                                                           | CUSIP: 553283AE2<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |    268177 | PA      | $215791.30    | 0.09%             | 2031-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MATTHEWS INTERNATIONAL C                  | Matthews International Corp                                                                                            | CUSIP: 577128AC5<br>LEI: 549300ZVC5O0ATML6U61 | Long             | DBT              | CORP              | US        |    104000 | PA      | $107765.84    | 0.04%             | 2027-10-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                  | 1011778 BC ULC / New Red Finance Inc                                                                                   | CUSIP: 68245XAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1363000 | PA      | $1340605.91   | 0.54%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                  | Ford Motor Credit Co LLC                                                                                               | CUSIP: 345397B93<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    150000 | PA      | $138202.50    | 0.06%             | 2029-02-10      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Clover Holdings SPV III LLC               | Clover Holdings SPV III LLC Dollar Term Loan                                                                           | CUSIP: 000000000<br>LEI: 549300RFUWCPWS8FQ104 | Long             | LON              | CORP              | US        |     13090 | PA      | $13334.93     | 0.01%             | 2027-12-09      | Fixed         | 15.00%                | No            |                  3 | On Loan: No      |
| FERTITTA ENTERTAINMENT                    | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc                                                     | CUSIP: 31556TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    404000 | PA      | $386127.04    | 0.15%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                     | Nabors Industries Inc                                                                                                  | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    192000 | PA      | $196661.76    | 0.08%             | 2030-01-31      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                             | DISH DBS Corp                                                                                                          | CUSIP: 25470XBB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    452000 | PA      | $409100.68    | 0.16%             | 2028-07-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                     | Freedom Mortgage Corp                                                                                                  | CUSIP: 35640YAK3<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    267000 | PA      | $285353.58    | 0.11%             | 2028-09-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| CITIGROUP INC                             | Citigroup Inc                                                                                                          | CUSIP: 172967PG0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    211000 | PA      | $216431.14    | 0.09%             | 2035-02-13      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC/PETSMART FI                  | PetSmart LLC / PetSmart Finance Corp                                                                                   | CUSIP: 71677KAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    498000 | PA      | $487905.54    | 0.19%             | 2033-09-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                  | Hilcorp Energy I LP / Hilcorp Finance Co                                                                               | CUSIP: 431318AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     43000 | PA      | $41218.08     | 0.02%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ATLAS LUXCO 4 / ALL UNI                   | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl                                           | CUSIP: 019579AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    600000 | PA      | $585324.00    | 0.23%             | 2028-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                    | Match Group Holdings II LLC                                                                                            | CUSIP: 57665RAG1<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    300000 | PA      | $298407.00    | 0.12%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lumen Technologies Inc.                   | Lumen Technologies Inc. Term B-1 Loan                                                                                  | CUSIP: 55024EAF2<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |     63152 | PA      | $62730.96     | 0.03%             | 2029-04-16      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                        | Ally Financial Inc                                                                                                     | CUSIP: 02005NBY5<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    297000 | PA      | $295161.57    | 0.12%             | 2040-01-17      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| GOTO GROUP INC                            | GoTo Group Inc                                                                                                         | CUSIP: 38349YAB1<br>LEI: 549300D12V5KRBV00592 | Long             | DBT              | CORP              | US        |     66096 | PA      | $22442.90     | 0.01%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MDC Holdings Inc                          | MDC Holdings Inc                                                                                                       | CUSIP: 552676AQ1<br>LEI: 5299005FV4VNV75R8R35 | Long             | DBT              | CORP              | US        |     86000 | PA      | $78673.66     | 0.03%             | 2043-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MODIVCARE INC                             | ModivCare Inc                                                                                                          | CUSIP: 60783XAA2<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | DBT              | CORP              | US        |     13000 | PA      | $45.76        | 0.00%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENSKE AUTOMOTIVE GROUP                   | Penske Automotive Group Inc                                                                                            | CUSIP: 70959WAK9<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | DBT              | CORP              | US        |    420000 | PA      | $400285.20    | 0.16%             | 2029-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TALOS PRODUCTION INC                      | Talos Production Inc                                                                                                   | CUSIP: 87485LAD6<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56735.80     | 0.02%             | 2029-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                             | Parkland Corp                                                                                                          | CUSIP: 70137WAN8<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |    182000 | PA      | $187458.18    | 0.07%             | 2032-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                  | 1011778 BC ULC / New Red Finance Inc                                                                                   | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    366000 | PA      | $342261.24    | 0.14%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES/ESCR                  | Windstream Services LLC / Windstream Escrow Finance Corp                                                               | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    406000 | PA      | $422909.90    | 0.17%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                  | Brandywine Operating Partnership LP                                                                                    | CUSIP: 105340AS2<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |     84000 | PA      | $91357.56     | 0.04%             | 2029-04-12      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                | Carvana Co                                                                                                             | CUSIP: 146869AL6<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    165867 | PA      | $169685.26    | 0.07%             | 2028-12-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| KIOXIA HOLDINGS CORP                      | Kioxia Holdings Corp                                                                                                   | CUSIP: 49726JAA6<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |    397000 | PA      | $397500.22    | 0.16%             | 2030-07-24      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                  | Hilton Domestic Operating Co Inc                                                                                       | CUSIP: 432833AP6<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    419000 | PA      | $427015.47    | 0.17%             | 2029-03-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                             | Citigroup Inc                                                                                                          | CUSIP: 172967MU2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     18000 | PA      | $17865.72     | 0.01%             | 2025-12-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SEAWORLD PARKS & ENTERTA                  | SeaWorld Parks & Entertainment Inc                                                                                     | CUSIP: 81282UAG7<br>LEI: 549300UZV72O3371JJ53 | Long             | DBT              | CORP              | US        |   1161000 | PA      | $1139730.48   | 0.46%             | 2029-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MPH ACQUISITION HOLDINGS                  | MPH Acquisition Holdings LLC                                                                                           | CUSIP: 553283AG7<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |    202627 | PA      | $177456.67    | 0.07%             | 2030-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                             | TransDigm Inc                                                                                                          | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155674.50    | 0.06%             | 2030-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| RAIN CARBON INC                           | Rain Carbon Inc                                                                                                        | CUSIP: 75079LAB7<br>LEI: 25490038N6JQH7QXUK52 | Long             | DBT              | CORP              | US        |     64000 | PA      | $68704.64     | 0.03%             | 2029-09-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                  | iHeartCommunications Inc                                                                                               | CUSIP: 45174HBJ5<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |    533148 | PA      | $459445.62    | 0.18%             | 2029-05-01      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                            | Bombardier Inc                                                                                                         | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    328000 | PA      | $345784.16    | 0.14%             | 2031-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                            | Whirlpool Corp                                                                                                         | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |     53000 | PA      | $53675.22     | 0.02%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Gray Television, Inc.                     | Gray Television, Inc. Term D Loan                                                                                      | CUSIP: 389376AZ7<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |    188469 | PA      | $187500.42    | 0.07%             | 2028-12-01      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                   | Light & Wonder International Inc                                                                                       | CUSIP: 80874YBC3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |      9000 | PA      | $9011.25      | 0.00%             | 2028-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                  | Lloyds Banking Group PLC                                                                                               | CUSIP: 539439BE8<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    327000 | PA      | $338343.63    | 0.14%             | 2036-06-13      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                   | Avis Budget Car Rental LLC / Avis Budget Finance Inc                                                                   | CUSIP: 053773BC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6000 | PA      | $5976.18      | 0.00%             | 2027-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                             | Aircastle Ltd                                                                                                          | CUSIP: 00928QAW1<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |     29000 | PA      | $28856.16     | 0.01%             | 2026-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                  | Blue Racer Midstream LLC / Blue Racer Finance Corp                                                                     | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    303000 | PA      | $315344.22    | 0.13%             | 2029-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                    | Goodyear Tire & Rubber Co/The                                                                                          | CUSIP: 382550BS9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    382000 | PA      | $388513.10    | 0.16%             | 2030-05-29      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                    | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC                                            | CUSIP: 03969YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    368000 | PA      | $347796.80    | 0.14%             | 2028-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                       | Rocket Software Inc                                                                                                    | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    217000 | PA      | $223481.79    | 0.09%             | 2028-11-28      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| UPBOUND GROUP INC                         | Upbound Group Inc                                                                                                      | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |     82000 | PA      | $80472.34     | 0.03%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                     | Freedom Mortgage Holdings LLC                                                                                          | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |     62000 | PA      | $65016.92     | 0.03%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                   | Frontier Communications Holdings LLC                                                                                   | CUSIP: 35908MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    658000 | PA      | $665040.60    | 0.27%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORP                      | Kaiser Aluminum Corp                                                                                                   | CUSIP: 483007AJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $182110.30    | 0.07%             | 2028-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WILLIAM CARTER                            | William Carter Co/The                                                                                                  | CUSIP: 96926JAC1<br>LEI: TGI2A0HXEYNQPU7TYV27 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199744.00    | 0.08%             | 2027-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Bombardier Inc                            | Bombardier Inc                                                                                                         | CUSIP: 097751BT7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     12000 | PA      | $12056.04     | 0.00%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                             | Parkland Corp                                                                                                          | CUSIP: 70137WAG3<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |    466000 | PA      | $453678.96    | 0.18%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                  | Performance Food Group Inc                                                                                             | CUSIP: 69346VAA7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    373000 | PA      | $372436.77    | 0.15%             | 2027-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES                     | Continental Resources Inc/OK                                                                                           | CUSIP: 212015AQ4<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |     16000 | PA      | $12627.20     | 0.01%             | 2044-06-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                         | Clean Harbors Inc                                                                                                      | CUSIP: 184496AP2<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |     11000 | PA      | $10915.08     | 0.00%             | 2029-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| INEOS QUATTRO FINANCE 2                   | INEOS Quattro Finance 2 Plc                                                                                            | CUSIP: 000000000<br>LEI: 213800V48W4Y5MT5Q131 | Long             | DBT              | CORP              | GB        |    141000 | PA      | $154198.95    | 0.06%             | 2030-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                    | Acrisure LLC / Acrisure Finance Inc                                                                                    | CUSIP: 00489LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    162000 | PA      | $159333.48    | 0.06%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                   | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                                                           | CUSIP: 87470LAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1000 | PA      | $998.00       | 0.00%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                    | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC                                            | CUSIP: 03969YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    238000 | PA      | $238007.14    | 0.10%             | 2027-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                          | CSC Holdings LLC                                                                                                       | CUSIP: 126307AY3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $161242.00    | 0.06%             | 2028-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VFH PARENT / VALOR CO                     | VFH Parent LLC / Valor Co-Issuer Inc                                                                                   | CUSIP: 91824YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $263150.00    | 0.11%             | 2031-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PROG HOLDINGS INC                         | PROG Holdings Inc                                                                                                      | CUSIP: 74319RAA9<br>LEI: 549300DHYTLBOVRXIG52 | Long             | DBT              | CORP              | US        |    918000 | PA      | $897087.96    | 0.36%             | 2029-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                  | CHS/Community Health Systems Inc                                                                                       | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1286000 | PA      | $1152796.12   | 0.46%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ESC CB NATIONAL CINEME                    | ESC CB NATIONAL CINEME                                                                                                 | CUSIP: 635ESCAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20696 | PA      | $0.00         | 0.00%             | 2026-08-15      | Fixed         | 5.75%                 | No            |                  3 | On Loan: No      |
| ZF NA CAPITAL                             | ZF North America Capital Inc                                                                                           | CUSIP: 98877DAD7<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    214000 | PA      | $216398.94    | 0.09%             | 2028-04-14      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                            | Bombardier Inc                                                                                                         | CUSIP: 097751BX8<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    302000 | PA      | $302845.60    | 0.12%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                  | Charles River Laboratories International Inc                                                                           | CUSIP: 159864AG2<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    347000 | PA      | $329146.85    | 0.13%             | 2029-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                | Carvana Co                                                                                                             | CUSIP: 146869AM4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    789750 | PA      | $896184.61    | 0.36%             | 2031-06-01      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| BIS INDUSTRIES HOLDINGS LTD               | BIS INDUSTRIES HOLDINGS LTD                                                                                            | CUSIP: 000000000<br>LEI: 549300L6O0HBD3F72080 | Long             | EC               | CORP              | US        |     21027 | NS      | $0.02         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CIVITAS RESOURCES INC                     | Civitas Resources Inc                                                                                                  | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    572000 | PA      | $593781.76    | 0.24%             | 2028-06-30      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| COLOSSUS ACQUIRECO LLC                    | Colossus Acquireco LLC Term Loan B                                                                                     | CUSIP: 19682LAB4<br>LEI: 2549009FT92RXWA46910 | Long             | LON              | CORP              | US        |    120000 | PA      | $119228.40    | 0.05%             | 2032-07-30      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                 | Block Inc                                                                                                              | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    355000 | PA      | $363459.65    | 0.15%             | 2030-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                              | CaixaBank SA                                                                                                           | CUSIP: 12803RAC8<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    235000 | PA      | $259917.05    | 0.10%             | 2034-09-13      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                            | Var Energi ASA                                                                                                         | CUSIP: 92212WAE0<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    200000 | PA      | $229096.00    | 0.09%             | 2032-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                    | CCO Holdings LLC / CCO Holdings Capital Corp                                                                           | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    238000 | PA      | $220773.56    | 0.09%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                      | IHO Verwaltungs GmbH                                                                                                   | CUSIP: 44963BAF5<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $207844.00    | 0.08%             | 2030-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                            | Var Energi ASA                                                                                                         | CUSIP: 92212WAD2<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    200000 | PA      | $212230.00    | 0.08%             | 2028-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                  | LCM Investments Holdings II LLC                                                                                        | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    335000 | PA      | $329003.50    | 0.13%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                 | Ball Corp                                                                                                              | CUSIP: 058498AW6<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    995000 | PA      | $899937.70    | 0.36%             | 2030-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                        | CNX Resources Corp                                                                                                     | CUSIP: 12653CAJ7<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |     47000 | PA      | $47103.87     | 0.02%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                    | AthenaHealth Group Inc                                                                                                 | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |     28000 | PA      | $27460.16     | 0.01%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                       | NuStar Logistics LP                                                                                                    | CUSIP: 67059TAH8<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |     29000 | PA      | $30069.52     | 0.01%             | 2030-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                    | US 10YR ULTRA FUT DEC25                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -13 | NC      | $-4484.37     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ALTICE FRANCE SA                          | Altice France SA                                                                                                       | CUSIP: 02156LAF8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    640000 | PA      | $546867.20    | 0.22%             | 2029-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG                  | Banco Bilbao Vizcaya Argentaria SA                                                                                     | CUSIP: 05946KAR2<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $209834.00    | 0.08%             | 2035-03-13      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| VERITAS US INC/V SERIES G PREF            | VERITAS US INC/V SERIES G PREF                                                                                         | CUSIP: 000000000<br>LEI: 549300RFUWCPWS8FQ104 | Long             | EP               | CORP              | US        |       401 | NS      | $9122.75      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| PRIMO / TRITON WATER HLD                  | Primo Water Holdings Inc / Triton Water Holdings Inc                                                                   | CUSIP: 74168RAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    388000 | PA      | $389908.96    | 0.16%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ATLAS LUXCO 4 / ALL UNI                   | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    100000 | PA      | $131423.40    | 0.05%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH AMERICAS                    | Bausch Health Americas Inc                                                                                             | CUSIP: 91911XAW4<br>LEI: KOO0397YRO83WY5MGD97 | Long             | DBT              | CORP              | US        |     59000 | PA      | $58794.09     | 0.02%             | 2027-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| KAPLA HOLDING SAS                         | Kapla Holding SAS                                                                                                      | CUSIP: 000000000<br>LEI: 894500PJ28XTH66K4X83 | Long             | DBT              | CORP              | FR        |    359000 | PA      | $424987.16    | 0.17%             | 2031-04-16      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                               | Viatris Inc                                                                                                            | CUSIP: 92556VAD8<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |    204000 | PA      | $183273.60    | 0.07%             | 2030-06-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                      | WR Grace Holdings LLC                                                                                                  | CUSIP: 92943GAF8<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    323000 | PA      | $322173.12    | 0.13%             | 2032-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ARETEC GROUP INC                          | Aretec Group Inc                                                                                                       | CUSIP: 040133AA8<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |    101000 | PA      | $101472.68    | 0.04%             | 2029-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CITGO PETROLEUM CORP                      | CITGO Petroleum Corp                                                                                                   | CUSIP: 17302XAM8<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |     16000 | PA      | $15999.68     | 0.01%             | 2026-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                          | Societe Generale SA                                                                                                    | CUSIP: 83368RBB7<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $179895.00    | 0.07%             | 2041-03-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ENGINEERING SPA                           | Engineering - Ingegneria Informatica - SpA                                                                             | CUSIP: 000000000<br>LEI: 81560042F5E23EE61346 | Long             | DBT              | CORP              | IT        |    119000 | PA      | $150485.55    | 0.06%             | 2030-01-27      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| STONEPEAK NILE PARENT                     | Stonepeak Nile Parent LLC                                                                                              | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52573.00     | 0.02%             | 2032-02-16      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                   | Nationwide Building Society                                                                                            | CUSIP: 63861VAN7<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    213000 | PA      | $216882.99    | 0.09%             | 2036-07-14      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| DIEBOLD NIXDORF INC                       | Diebold Nixdorf Inc                                                                                                    | CUSIP: 253651AK9<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |    334000 | PA      | $354190.30    | 0.14%             | 2030-03-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE HOLDING SA                  | Altice France Holding SA                                                                                               | CUSIP: 02156TAB0<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |    252000 | PA      | $93151.80     | 0.04%             | 2027-05-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| GRIFFON CORPORATION                       | Griffon Corp                                                                                                           | CUSIP: 398433AP7<br>LEI: 5493000C2SGNC7ZN3242 | Long             | DBT              | CORP              | US        |    305000 | PA      | $304402.20    | 0.12%             | 2028-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                     | Qnity Electronics Inc                                                                                                  | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    156000 | PA      | $158616.12    | 0.06%             | 2032-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                        | CNX Resources Corp                                                                                                     | CUSIP: 12653CAK4<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    384000 | PA      | $398296.32    | 0.16%             | 2031-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| LCPR SR SECURED FIN DAC                   | LCPR Senior Secured Financing DAC                                                                                      | CUSIP: 50201DAD5<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | IE        |    654000 | PA      | $376036.92    | 0.15%             | 2029-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CLOVER HOLDINGS 2 LLC                     | Clover Holdings 2 LLC Fixed Term Loan B                                                                                | CUSIP: 18914DAC2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    400995 | PA      | $399992.51    | 0.16%             | 2031-12-09      | Fixed         | 7.75%                 | No            |                  3 | On Loan: No      |
| PAPA JOHN'S INTERNATIONA                  | Papa John's International Inc                                                                                          | CUSIP: 698813AA0<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | DBT              | CORP              | US        |     22000 | PA      | $21148.38     | 0.01%             | 2029-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                    | Venture Global LNG Inc                                                                                                 | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    140000 | PA      | $146928.60    | 0.06%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                              | Novelis Corp                                                                                                           | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    196000 | PA      | $188601.00    | 0.08%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WHITE CAP BUYER LLC                       | White Cap Buyer LLC                                                                                                    | CUSIP: 96350RAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    639000 | PA      | $638929.71    | 0.26%             | 2028-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VISTRA ENERGY CORP                        | Vistra Energy Corp Exp 31Dec46                                                                                         | CUSIP: 92840M110<br>LEI: 549300KP43CPCUJOOG15 | N/A              | DE               |  | US        |      3442 | NS      | $4216.45      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| JANE STREET GROUP LLC                     | Jane Street Group LLC 2024 Term Loan B1                                                                                | CUSIP: 47077DAM2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |    317506 | PA      | $316344.42    | 0.13%             | 2031-12-15      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| MODIVCARE INC                             | ModivCare Inc                                                                                                          | CUSIP: 60783XAC8<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | DBT              | CORP              | US        |    458850 | PA      | $4588.50      | 0.00%             | 2029-10-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                            | Bombardier Inc                                                                                                         | CUSIP: 097751BZ3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    121000 | PA      | $126373.61    | 0.05%             | 2029-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                               | Gap Inc/The                                                                                                            | CUSIP: 364760AP3<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |   1072000 | PA      | $1004013.76   | 0.40%             | 2029-10-01      | Fixed         | 3.62%                 | 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        |     76000 | PA      | $79323.48     | 0.03%             | 2032-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| FULL HOUSE RESORTS INC                    | Full House Resorts Inc                                                                                                 | CUSIP: 359678AC3<br>LEI: 5493009DKIWW0H901Y82 | Long             | DBT              | CORP              | US        |     62000 | PA      | $59363.76     | 0.02%             | 2028-02-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                  | Hilcorp Energy I LP / Hilcorp Finance Co                                                                               | CUSIP: 431318AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     81000 | PA      | $80218.35     | 0.03%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                  | Prime Security Services Borrower LLC / Prime Finance Inc                                                               | CUSIP: 74166MAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    182000 | PA      | $182691.60    | 0.07%             | 2026-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                     | Level 3 Financing Inc                                                                                                  | CUSIP: 527298BZ5<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    271270 | PA      | $306947.43    | 0.12%             | 2030-12-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                             | Carnival Corp                                                                                                          | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    834000 | PA      | $854433.00    | 0.34%             | 2030-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                        | Ally Financial Inc                                                                                                     | CUSIP: 02005NBZ2<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    221000 | PA      | $226732.74    | 0.09%             | 2029-05-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.             | PURCHASED EUR / SOLD USD                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |         1 | NC      | $1153.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC                           | Global Atlantic Fin Co                                                                                                 | CUSIP: 37959GAC1<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |     59000 | PA      | $58073.70     | 0.02%             | 2051-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Ascend Learning LLC                       | Ascend Learning, LLC 2021 2nd Lien Term Loan                                                                           | CUSIP: 04349HAM6<br>LEI: 549300T466HKRLVCD610 | Long             | LON              | CORP              | US        |     23510 | PA      | $23486.42     | 0.01%             | 2029-12-10      | Floating      | 10.17%                | No            |                  2 | On Loan: No      |
| PTC Inc                                   | PTC Inc                                                                                                                | CUSIP: 69370CAC4<br>LEI: 54930050SSMU8SKDJ030 | Long             | DBT              | CORP              | US        |     17000 | PA      | $16658.13     | 0.01%             | 2028-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAXAM PRILL SARL                          | Maxam Prill Sarl                                                                                                       | CUSIP: 57779MAA8<br>LEI: 984500C4C5B820A6B691 | Long             | DBT              | CORP              | LU        |    483000 | PA      | $471113.37    | 0.19%             | 2030-07-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TTM TECHNOLOGIES INC                      | TTM Technologies Inc                                                                                                   | CUSIP: 87305RAK5<br>LEI: 549300SC4BDOIS008048 | Long             | DBT              | CORP              | US        |     91000 | PA      | $87369.10     | 0.03%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                  | Encore Capital Group Inc                                                                                               | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1196511.80   | 0.48%             | 2029-03-21      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Loyalty Ventures Inc                      | Loyalty Ventures Inc Term Loan B                                                                                       | CUSIP: 54912FAD2<br>LEI: 549300Q3YKVWNY6JIJ44 | Long             | LON              | CORP              | US        |    115140 | PA      | $863.55       | 0.00%             | 2027-11-03      | Floating      | 14.00%                | No            |                  3 | On Loan: No      |
| ARDONAGH FINCO LTD                        | Ardonagh Finco Ltd                                                                                                     | CUSIP: 000000000<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    202000 | PA      | $245917.48    | 0.10%             | 2031-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                           | CVS Health Corp                                                                                                        | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     33000 | PA      | $33577.50     | 0.01%             | 2054-12-10      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                      | Flutter Treasury DAC                                                                                                   | CUSIP: 000000000<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    131000 | PA      | $153223.52    | 0.06%             | 2031-05-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AS MILEAGE PLAN IP LTD                    | AS Mileage Plan IP Ltd                                                                                                 | CUSIP: 00218QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     46000 | PA      | $46022.08     | 0.02%             | 2029-10-20      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| TERRAFORM GLOBAL OPERATI                  | Terraform Global Operating LP                                                                                          | CUSIP: 88104UAC7<br>LEI: 549300LC7QMVR79H5O86 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9952.10      | 0.00%             | 2026-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                     | Genesis Energy LP / Genesis Energy Finance Corp                                                                        | CUSIP: 37185LAP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    682000 | PA      | $711946.62    | 0.28%             | 2029-01-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| K2016470219 (SOUTH AFRICA) LTD            | K2016470219 (SOUTH AFRICA) LTD                                                                                         | CUSIP: 000000000<br>LEI: 378900DECAC8CFA88345 | Long             | EC               | CORP              | US        |    191574 | NS      | $0.19         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BOMBARDIER INC                            | Bombardier Inc                                                                                                         | CUSIP: 097751CA7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   1007000 | PA      | $1087086.71   | 0.43%             | 2030-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                            | CVR Energy Inc                                                                                                         | CUSIP: 12662PAF5<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202160.00    | 0.08%             | 2029-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AG ISSUER LLC                             | AG Issuer LLC                                                                                                          | CUSIP: 00119LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    259000 | PA      | $259533.54    | 0.10%             | 2028-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                    | Sunoco LP / Sunoco Finance Corp                                                                                        | CUSIP: 86765LAQ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    660000 | PA      | $660580.80    | 0.26%             | 2027-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                              | UBS Group AG                                                                                                           | CUSIP: 902613BF4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    355000 | PA      | $388774.70    | 0.16%             | 2028-11-13      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| RESORTS WORLD/RWLV CAP                    | Resorts World Las Vegas LLC / RWLV Capital Inc                                                                         | CUSIP: 76120HAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $539250.00    | 0.22%             | 2029-04-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                  | Vistra Operations Co LLC                                                                                               | CUSIP: 92840VAQ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     71000 | PA      | $78473.46     | 0.03%             | 2033-10-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| KIMMERIDGE TEXAS GAS LLC                  | Caturus Energy LLC                                                                                                     | CUSIP: 49446BAA2<br>LEI: 254900LM244SIFQ1QY31 | Long             | DBT              | CORP              | US        |     91000 | PA      | $94371.55     | 0.04%             | 2030-01-06      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                     | Civitas Resources Inc                                                                                                  | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    165000 | PA      | $169791.60    | 0.07%             | 2031-06-30      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                               | Staples Inc                                                                                                            | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |    760000 | PA      | $729068.00    | 0.29%             | 2029-09-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                             | EchoStar Corp                                                                                                          | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    746293 | PA      | $733971.70    | 0.29%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                      | WR Grace Holdings LLC                                                                                                  | CUSIP: 92943GAD3<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |     87000 | PA      | $86317.92     | 0.03%             | 2027-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                                | Terex Corp                                                                                                             | CUSIP: 880779BA0<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |    178000 | PA      | $175146.66    | 0.07%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** AB Active ETFs, Inc.

**Signature:** Stephen Woetzel

**Name of Signer:** Stephen Woetzel

**Title:** Controller