# EDGAR Filing Document

**Accession Number:** 0000811030
**File Stem:** 0000894189-26-000595
**Filing Date:** 2026-1
**Character Count:** 212074
**Document Hash:** 9d63903e5e2865d081266c9773943ddc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-000595.hdr.sgml**: 20260115

**ACCESSION NUMBER**: 0000894189-26-000595

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20260115

**DATE AS OF CHANGE**: 20260115

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PROFESSIONALLY MANAGED PORTFOLIOS
- **CENTRAL INDEX KEY:** 0000811030

**ORGANIZATION NAME:**
- **EIN:** 566415270
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05037
- **FILM NUMBER:** 26536682

**BUSINESS ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-218-3770

**MAIL ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AVONDALE INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19910529

## Series and Classes Contracts Data

### Muzinich Dynamic Income Fund (Series ID: S000036430)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000111442 | Institutional Shares       | MZCIX           |
| C000111443 | Supra Institutional Shares | MZCSX           |

## Nport-Ex

---

| |
|:---|
| **Muzinich Dynamic Income Fund** |
| **Schedule of Investments** |
| **September 30, 2025 (Unaudited)** |

---

---

| | | | |
|:---|:---|:---|:---|
| **CORPORATE BONDS - 90.2%** | **CORPORATE BONDS - 90.2%** | **Par** | **Value**  |
| **Aerospace/Defense - 1.0%** | **Aerospace/Defense - 1.0%** | **Aerospace/Defense - 1.0%** |  |
|  Axon Enterprise, Inc., 6.25%, 03/15/2033 <sup>(a)</sup> | Axon Enterprise, Inc., 6.25%, 03/15/2033 <sup>(a)</sup> | $150000  | 154750 |
|  Czechoslovak Group AS, 5.25%, 01/10/2031 | Czechoslovak Group AS, 5.25%, 01/10/2031 | 675000 | 824162 |
|  General Electric Co., 4.90%, 01/29/2036 | General Electric Co., 4.90%, 01/29/2036 | 100000 | 101463 |
|  TransDigm, Inc., 6.63%, 03/01/2032 <sup>(a)</sup> | TransDigm, Inc., 6.63%, 03/01/2032 <sup>(a)</sup> | 500000 | 515334 |
|  |  |  | 1595709 |
| **Agency - 0.5%** | **Agency - 0.5%** | **Agency - 0.5%** |  |
|  Indian Railway Finance Corp. Ltd., 3.57%, 01/21/2032 | Indian Railway Finance Corp. Ltd., 3.57%, 01/21/2032 | 850000 | 807379 |
| **Airlines - 0.7%** | **Airlines - 0.7%** | **Airlines - 0.7%** |  |
|  OneSky Flight LLC, 8.88%, 12/15/2029 <sup>(a)</sup> | OneSky Flight LLC, 8.88%, 12/15/2029 <sup>(a)</sup> | 350000 | 368259 |
|  VistaJet Malta Finance PLC / Vista Management Holding, Inc., 7.88%, 05/01/2027 <sup>(a)</sup> | VistaJet Malta Finance PLC / Vista Management Holding, Inc., 7.88%, 05/01/2027 <sup>(a)</sup> | 775000 | 787340 |
|  |  |  | 1155599 |
| **Automotive & Auto Parts - 4.1%** | **Automotive & Auto Parts - 4.1%** | **Automotive & Auto Parts - 4.1%** |  |
|  Adient Global Holdings Ltd., 7.50%, 02/15/2033 <sup>(a)</sup> | Adient Global Holdings Ltd., 7.50%, 02/15/2033 <sup>(a)</sup> | 275000 | 284728 |
| American Axle & Manufacturing, Inc. | American Axle & Manufacturing, Inc. | American Axle & Manufacturing, Inc. |  |
| &nbsp;&nbsp; 6.38%, 10/15/2032 <sup>(a)</sup> | &nbsp;&nbsp; 6.38%, 10/15/2032 <sup>(a)</sup> | 200000 | 199697 |
| &nbsp;&nbsp; 7.75%, 10/15/2033 <sup>(a)</sup> | &nbsp;&nbsp; 7.75%, 10/15/2033 <sup>(a)</sup> | 225000 | 226811 |
|  Clarios Global LP / Clarios US Finance Co., 6.75%, 02/15/2030 <sup>(a)</sup> | Clarios Global LP / Clarios US Finance Co., 6.75%, 02/15/2030 <sup>(a)</sup> | 150000 | 155071 |
| Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC |  |
| &nbsp;&nbsp; 3.78%, 09/16/2029 | &nbsp;&nbsp; 3.78%, 09/16/2029 | 400000 | 468772 |
| &nbsp;&nbsp; 4.00%, 11/13/2030 | &nbsp;&nbsp; 4.00%, 11/13/2030 | 550000 | 513393 |
| General Motors Financial Co., Inc. | General Motors Financial Co., Inc. | General Motors Financial Co., Inc. |  |
| &nbsp;&nbsp; 5.60%, 06/18/2031 | &nbsp;&nbsp; 5.60%, 06/18/2031 | 410000 | 424614 |
| &nbsp;&nbsp; 5.63%, 04/04/2032 | &nbsp;&nbsp; 5.63%, 04/04/2032 | 300000 | 309824 |
|  Harley-Davidson Financial Services, Inc., 4.00%, 03/12/2030 | Harley-Davidson Financial Services, Inc., 4.00%, 03/12/2030 | 175000 | 211017 |
|  Hyundai Capital America, 4.50%, 09/18/2030 <sup>(a)</sup> | Hyundai Capital America, 4.50%, 09/18/2030 <sup>(a)</sup> | 225000 | 224070 |
|  Jaguar Land Rover Automotive PLC, 4.50%, 07/15/2028 | Jaguar Land Rover Automotive PLC, 4.50%, 07/15/2028 | 300000 | 356125 |
|  LKQ Dutch Bond BV, 4.13%, 03/13/2031 | LKQ Dutch Bond BV, 4.13%, 03/13/2031 | 275000 | 330616 |
|  Nissan Motor Acceptance Co. LLC, 6.13%, 09/30/2030 <sup>(a)</sup> | Nissan Motor Acceptance Co. LLC, 6.13%, 09/30/2030 <sup>(a)</sup> | 300000 | 300107 |
| Phinia, Inc. | Phinia, Inc. | Phinia, Inc. |  |
| &nbsp;&nbsp; 6.75%, 04/15/2029 <sup>(a)</sup> | &nbsp;&nbsp; 6.75%, 04/15/2029 <sup>(a)</sup> | 650000 | 671247 |
| &nbsp;&nbsp; 6.63%, 10/15/2032 <sup>(a)</sup> | &nbsp;&nbsp; 6.63%, 10/15/2032 <sup>(a)</sup> | 400000 | 412570 |
|  RCI Banque SA, 4.13%, 04/04/2031 | RCI Banque SA, 4.13%, 04/04/2031 | 275000 | 330566 |
|  Stellantis Financial Services US Corp., 5.40%, 09/15/2030 <sup>(a)</sup> | Stellantis Financial Services US Corp., 5.40%, 09/15/2030 <sup>(a)</sup> | 275000 | 275771 |
| Volkswagen International Finance NV | Volkswagen International Finance NV | Volkswagen International Finance NV |  |
| &nbsp;&nbsp; 3.88% to 06/14/2027 then 10 yr. Swap Rate EUR + 3.37%, Perpetual | &nbsp;&nbsp; 3.88% to 06/14/2027 then 10 yr. Swap Rate EUR + 3.37%, Perpetual | 200000 | 234911 |
| &nbsp;&nbsp; 4.63% to 06/27/2028 then 10 yr. Swap Rate EUR + 3.98%, Perpetual | &nbsp;&nbsp; 4.63% to 06/27/2028 then 10 yr. Swap Rate EUR + 3.98%, Perpetual | 100000 | 119206 |
| ZF North America Capital, Inc. | ZF North America Capital, Inc. | ZF North America Capital, Inc. |  |
| &nbsp;&nbsp; 7.13%, 04/14/2030 <sup>(a)</sup> | &nbsp;&nbsp; 7.13%, 04/14/2030 <sup>(a)</sup> | 325000 | 322074 |
| &nbsp;&nbsp; 7.50%, 03/24/2031 <sup>(a)</sup> | &nbsp;&nbsp; 7.50%, 03/24/2031 <sup>(a)</sup> | 400000 | 397438 |
|  |  |  | 6768628 |
| **Banking - 8.4%** | **Banking - 8.4%** | **Banking - 8.4%** |  |
|  ABN AMRO Bank NV, 4.75% to 09/22/2027 then 5 yr. Swap Rate EUR + 3.90%, Perpetual | ABN AMRO Bank NV, 4.75% to 09/22/2027 then 5 yr. Swap Rate EUR + 3.90%, Perpetual | 500000 | 590549 |
|  Arbejdernes Landsbank AS, 3.63% to 03/05/2029 then 3 mo. EURIBOR + 1.45%, 03/05/2030 | Arbejdernes Landsbank AS, 3.63% to 03/05/2029 then 3 mo. EURIBOR + 1.45%, 03/05/2030 | 400000 | 473209 |
|  Banco BPM SpA, 3.88% to 09/09/2029 then 3 mo. EURIBOR + 1.47%, 09/09/2030 | Banco BPM SpA, 3.88% to 09/09/2029 then 3 mo. EURIBOR + 1.47%, 09/09/2030 | 690000 | 833270 |
|  Banco de Sabadell SA, 5.00% to 11/19/2027 then 5 yr. Swap Rate EUR + 5.17%, Perpetual | Banco de Sabadell SA, 5.00% to 11/19/2027 then 5 yr. Swap Rate EUR + 5.17%, Perpetual | 600000 | 712812 |
|  Bancolombia SA, 6.91% to 10/18/2027 then 5 yr. CMT Rate + 2.93%, 10/18/2027 | Bancolombia SA, 6.91% to 10/18/2027 then 5 yr. CMT Rate + 2.93%, 10/18/2027 | 500000 | 516324 |
|  Banque Federative du Credit Mutuel SA, 4.00% to 01/15/2030 then 5 yr. Swap Rate EUR + 1.75%, 01/15/2035 | Banque Federative du Credit Mutuel SA, 4.00% to 01/15/2030 then 5 yr. Swap Rate EUR + 1.75%, 01/15/2035 | 600000 | 713840 |
|  Bayerische Landesbank, 1.00% to 09/23/2026 then 5 yr. Swap Rate EUR + 1.35%, 09/23/2031 | Bayerische Landesbank, 1.00% to 09/23/2026 then 5 yr. Swap Rate EUR + 1.35%, 09/23/2031 | 600000 | 693080 |
|  BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX, 8.13% to 01/08/2034 then 5 yr. CMT Rate + 4.21%, 01/08/2039 | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX, 8.13% to 01/08/2034 then 5 yr. CMT Rate + 4.21%, 01/08/2039 | 650000 | 709147 |
|  BPCE SA, 1.50% to 01/13/2027 then 5 yr. Swap Rate EUR + 1.75%, 01/13/2042 | BPCE SA, 1.50% to 01/13/2027 then 5 yr. Swap Rate EUR + 1.75%, 01/13/2042 | 400000 | 462287 |
| Commerzbank AG | Commerzbank AG | Commerzbank AG |  |
| &nbsp;&nbsp; 1.38% to 12/29/2026 then 5 yr. Swap Rate EUR + 1.73%, 12/29/2031 | &nbsp;&nbsp; 1.38% to 12/29/2026 then 5 yr. Swap Rate EUR + 1.73%, 12/29/2031 | 600000 | 693747 |
| &nbsp;&nbsp; 4.88% to 10/16/2029 then 5 yr. Swap Rate EUR + 2.15%, 10/16/2034 | &nbsp;&nbsp; 4.88% to 10/16/2029 then 5 yr. Swap Rate EUR + 2.15%, 10/16/2034 | 100000 | 123255 |
|  Deutsche Bank AG, 3.38% to 02/13/2030 then 3 mo. EURIBOR + 1.25%, 02/13/2031 | Deutsche Bank AG, 3.38% to 02/13/2030 then 3 mo. EURIBOR + 1.25%, 02/13/2031 | 200000 | 236069 |
|  Erste Group Bank AG, 3.38% to 04/15/2027 then 5 yr. Swap Rate EUR + 3.43%, Perpetual | Erste Group Bank AG, 3.38% to 04/15/2027 then 5 yr. Swap Rate EUR + 3.43%, Perpetual | 600000 | 694746 |
|  Eurobank SA, 4.00% to 09/24/2029 then 1 yr. Swap Rate EUR + 1.80%, 09/24/2030 | Eurobank SA, 4.00% to 09/24/2029 then 1 yr. Swap Rate EUR + 1.80%, 09/24/2030 | 200000 | 242453 |
|  First Abu Dhabi Bank PJSC, 6.32% to 04/04/2029 then 5 yr. CMT Rate + 1.70%, 04/04/2034 | First Abu Dhabi Bank PJSC, 6.32% to 04/04/2029 then 5 yr. CMT Rate + 1.70%, 04/04/2034 | 750000 | 781586 |
| HSBC Holdings PLC | HSBC Holdings PLC | HSBC Holdings PLC |  |
| &nbsp;&nbsp; 6.36% to 11/16/2027 then 5 yr. Swap Rate EUR + 3.30%, 11/16/2032 | &nbsp;&nbsp; 6.36% to 11/16/2027 then 5 yr. Swap Rate EUR + 3.30%, 11/16/2032 | 345000 | 433430 |
| &nbsp;&nbsp; 4.60% to 03/22/2030 then 5 yr. Swap Rate EUR + 1.85%, 03/22/2035 | &nbsp;&nbsp; 4.60% to 03/22/2030 then 5 yr. Swap Rate EUR + 1.85%, 03/22/2035 | 150000 | 183926 |
|  JPMorgan Chase & Co., 4.60% to 10/22/2029 then SOFR + 1.04%, 10/22/2030 | JPMorgan Chase & Co., 4.60% to 10/22/2029 then SOFR + 1.04%, 10/22/2030 | 650000 | 657941 |
|  KBC Group NV, 0.63% to 12/07/2026 then 5 yr. Swap Rate EUR + 0.95%, 12/07/2031 | KBC Group NV, 0.63% to 12/07/2026 then 5 yr. Swap Rate EUR + 0.95%, 12/07/2031 | 400000 | 459876 |
| Nationwide Building Society | Nationwide Building Society | Nationwide Building Society |  |
| &nbsp;&nbsp; 4.38% to 04/16/2029 then 5 yr. Swap Rate EUR + 1.65%, 04/16/2034 | &nbsp;&nbsp; 4.38% to 04/16/2029 then 5 yr. Swap Rate EUR + 1.65%, 04/16/2034 | 550000 | 669631 |
| &nbsp;&nbsp; 4.00% to 07/30/2030 then 5 yr. Swap Rate EUR + 1.85%, 07/30/2035 | &nbsp;&nbsp; 4.00% to 07/30/2030 then 5 yr. Swap Rate EUR + 1.85%, 07/30/2035 | 200000 | 238907 |
|  Powszechna Kasa Oszczednosci Bank Polski SA, 4.50% to 03/27/2027 then 3 mo. EURIBOR + 1.60%, 03/27/2028 | Powszechna Kasa Oszczednosci Bank Polski SA, 4.50% to 03/27/2027 then 3 mo. EURIBOR + 1.60%, 03/27/2028 | 550000 | 661346 |
|  Santander UK Group Holdings PLC, 5.14% to 09/22/2035 then SOFR + 1.58%, 09/22/2036 | Santander UK Group Holdings PLC, 5.14% to 09/22/2035 then SOFR + 1.58%, 09/22/2036 | 425000 | 421203 |
|  Triodos Bank NV, 4.88% to 09/12/2028 then 3 mo. EURIBOR + 2.50%, 09/12/2029 | Triodos Bank NV, 4.88% to 09/12/2028 then 3 mo. EURIBOR + 2.50%, 09/12/2029 | 400000 | 487430 |
| UniCredit SpA | UniCredit SpA | UniCredit SpA |  |
| &nbsp;&nbsp; 3.88% to 06/03/2027 then 5 yr. Swap Rate EUR + 4.08%, Perpetual | &nbsp;&nbsp; 3.88% to 06/03/2027 then 5 yr. Swap Rate EUR + 4.08%, Perpetual | 500000 | 579957 |
| &nbsp;&nbsp; 5.86% to 06/19/2027 then 5 yr. Mid Swap Rate USD + 3.70%, 06/19/2032 | &nbsp;&nbsp; 5.86% to 06/19/2027 then 5 yr. Mid Swap Rate USD + 3.70%, 06/19/2032 | 600000 | 609629 |
|  |  |  | 13879650 |
| **Broadcasting - 1.1%** | **Broadcasting - 1.1%** | **Broadcasting - 1.1%** |  |
|  Paramount Global, 4.95%, 01/15/2031 | Paramount Global, 4.95%, 01/15/2031 | 315000 | 311363 |
|  Pinewood Finco PLC, 6.00%, 03/27/2030 | Pinewood Finco PLC, 6.00%, 03/27/2030 | 300000 | 406754 |
|  Sinclair Television Group, Inc., 8.13%, 02/15/2033 <sup>(a)</sup> | Sinclair Television Group, Inc., 8.13%, 02/15/2033 <sup>(a)</sup> | 125000 | 128662 |
| TEGNA, Inc. | TEGNA, Inc. | TEGNA, Inc. |  |
| &nbsp;&nbsp; 4.63%, 03/15/2028 | &nbsp;&nbsp; 4.63%, 03/15/2028 | 550000 | 543827 |
| &nbsp;&nbsp; 5.00%, 09/15/2029 | &nbsp;&nbsp; 5.00%, 09/15/2029 | 325000 | 323468 |
|  Warnermedia Holdings, Inc., 4.05%, 03/15/2029 | Warnermedia Holdings, Inc., 4.05%, 03/15/2029 | 200000 | 192917 |
|  |  |  | 1906991 |
| **Building Materials - 0.9%** | **Building Materials - 0.9%** | **Building Materials - 0.9%** |  |
|  Park River Holdings, Inc., 8.00%, 03/15/2031 <sup>(a)</sup> | Park River Holdings, Inc., 8.00%, 03/15/2031 <sup>(a)</sup> | 175000 | 177499 |
| Quikrete Holdings, Inc. | Quikrete Holdings, Inc. | Quikrete Holdings, Inc. |  |
| &nbsp;&nbsp; 6.38%, 03/01/2032 <sup>(a)</sup> | &nbsp;&nbsp; 6.38%, 03/01/2032 <sup>(a)</sup> | 175000 | 181427 |
| &nbsp;&nbsp; 6.75%, 03/01/2033 <sup>(a)</sup> | &nbsp;&nbsp; 6.75%, 03/01/2033 <sup>(a)</sup> | 325000 | 337979 |
|  Standard Building Solutions, Inc., 6.50%, 08/15/2032 <sup>(a)</sup> | Standard Building Solutions, Inc., 6.50%, 08/15/2032 <sup>(a)</sup> | 775000 | 796116 |
|  |  |  | 1493021 |
| **Cable/Satellite TV - 0.8%** | **Cable/Satellite TV - 0.8%** | **Cable/Satellite TV - 0.8%** |  |
|  CCO Holdings LLC / CCO Holdings Capital Corp., 5.50%, 05/01/2026 <sup>(a)</sup> | CCO Holdings LLC / CCO Holdings Capital Corp., 5.50%, 05/01/2026 <sup>(a)</sup> | 400000 | 399779 |
| Charter Communications Operating LLC / Charter Communications Operating Capital | Charter Communications Operating LLC / Charter Communications Operating Capital | Charter Communications Operating LLC / Charter Communications Operating Capital |  |
| &nbsp;&nbsp; 6.38%, 10/23/2035 | &nbsp;&nbsp; 6.38%, 10/23/2035 | 200000 | 209609 |
| &nbsp;&nbsp; 4.80%, 03/01/2050 | &nbsp;&nbsp; 4.80%, 03/01/2050 | 275000 | 217782 |
|  Comcast Corp., 5.65%, 06/01/2054 | Comcast Corp., 5.65%, 06/01/2054 | 325000 | 318963 |
|  Cox Communications, Inc., 5.95%, 09/01/2054 <sup>(a)</sup> | Cox Communications, Inc., 5.95%, 09/01/2054 <sup>(a)</sup> | 200000 | 185920 |
|  |  |  | 1332053 |
| **Capital Goods - 2.1%** | **Capital Goods - 2.1%** | **Capital Goods - 2.1%** |  |
|  Amsted Industries, Inc., 6.38%, 03/15/2033 <sup>(a)</sup> | Amsted Industries, Inc., 6.38%, 03/15/2033 <sup>(a)</sup> | 250000 | 256809 |
|  Ingersoll Rand, Inc., 5.45%, 06/15/2034 | Ingersoll Rand, Inc., 5.45%, 06/15/2034 | 300000 | 313020 |
|  KION Group AG, 4.00%, 11/20/2029 | KION Group AG, 4.00%, 11/20/2029 | 510000 | 616934 |
|  Pentair Finance Sarl, 5.90%, 07/15/2032 | Pentair Finance Sarl, 5.90%, 07/15/2032 | 375000 | 398640 |
|  Regal Rexnord Corp., 6.05%, 04/15/2028 | Regal Rexnord Corp., 6.05%, 04/15/2028 | 725000 | 750358 |
|  Terex Corp., 6.25%, 10/15/2032 <sup>(a)</sup> | Terex Corp., 6.25%, 10/15/2032 <sup>(a)</sup> | 350000 | 356833 |
|  Trane Technologies Financing Ltd., 5.10%, 06/13/2034 | Trane Technologies Financing Ltd., 5.10%, 06/13/2034 | 300000 | 308388 |
|  Westinghouse Air Brake Technologies Corp., 4.90%, 05/29/2030 | Westinghouse Air Brake Technologies Corp., 4.90%, 05/29/2030 | 450000 | 460261 |
|  |  |  | 3461243 |
| **Chemicals - 0.2%** | **Chemicals - 0.2%** | **Chemicals - 0.2%** |  |
|  Olin Corp., 6.63%, 04/01/2033 <sup>(a)</sup> | Olin Corp., 6.63%, 04/01/2033 <sup>(a)</sup> | 300000 | 301941 |
| **Consumer-Products - 0.5%** | **Consumer-Products - 0.5%** | **Consumer-Products - 0.5%** |  |
|  Newell Brands, Inc., 8.50%, 06/01/2028 <sup>(a)</sup> | Newell Brands, Inc., 8.50%, 06/01/2028 <sup>(a)</sup> | 350000 | 371015 |
| Whirlpool Corp. | Whirlpool Corp. | Whirlpool Corp. |  |
| &nbsp;&nbsp; 6.13%, 06/15/2030 | &nbsp;&nbsp; 6.13%, 06/15/2030 | 225000 | 226877 |
| &nbsp;&nbsp; 6.50%, 06/15/2033 | &nbsp;&nbsp; 6.50%, 06/15/2033 | 300000 | 299542 |
|  |  |  | 897434 |
| **Containers - 0.2%** | **Containers - 0.2%** | **Containers - 0.2%** |  |
|  Berry Global, Inc., 5.65%, 01/15/2034 | Berry Global, Inc., 5.65%, 01/15/2034 | 375000 | 391025 |
| **Diversified Financial Services - 11.2%** | **Diversified Financial Services - 11.2%** | **Diversified Financial Services - 11.2%** |  |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | AerCap Ireland Capital DAC / AerCap Global Aviation Trust |  |
| &nbsp;&nbsp; 6.15%, 09/30/2030 | &nbsp;&nbsp; 6.15%, 09/30/2030 | 575000 | 616546 |
| &nbsp;&nbsp; 6.50% to 01/31/2031 then 5 yr. CMT Rate + 2.44%, 01/31/2056 | &nbsp;&nbsp; 6.50% to 01/31/2031 then 5 yr. CMT Rate + 2.44%, 01/31/2056 | 250000 | 258259 |
|  Ally Financial, Inc., 5.74% (SOFR + 1.96%), 05/15/2029 | Ally Financial, Inc., 5.74% (SOFR + 1.96%), 05/15/2029 | 325000 | 332814 |
|  Avolon Holdings Funding Ltd., 4.90%, 10/10/2030 <sup>(a)</sup> | Avolon Holdings Funding Ltd., 4.90%, 10/10/2030 <sup>(a)</sup> | 525000 | 528296 |
|  Azorra Finance Ltd., 7.25%, 01/15/2031 <sup>(a)</sup> | Azorra Finance Ltd., 7.25%, 01/15/2031 <sup>(a)</sup> | 250000 | 260936 |
|  Block, Inc., 6.00%, 08/15/2033 <sup>(a)</sup> | Block, Inc., 6.00%, 08/15/2033 <sup>(a)</sup> | 125000 | 128090 |
|  Blue Owl Credit Income Corp., 4.25%, 01/31/2031 | Blue Owl Credit Income Corp., 4.25%, 01/31/2031 | 600000 | 705415 |
|  Boost Newco Borrower LLC, 7.50%, 01/15/2031 <sup>(a)</sup> | Boost Newco Borrower LLC, 7.50%, 01/15/2031 <sup>(a)</sup> | 925000 | 981975 |
|  Bread Financial Holdings, Inc., 9.75%, 03/15/2029 <sup>(a)</sup> | Bread Financial Holdings, Inc., 9.75%, 03/15/2029 <sup>(a)</sup> | 50000 | 53409 |
|  Burford Capital Global Finance LLC, 7.50%, 07/15/2033 <sup>(a)</sup> | Burford Capital Global Finance LLC, 7.50%, 07/15/2033 <sup>(a)</sup> | 425000 | 433011 |
|  California Buyer Ltd. / Atlantica Sustainable Infrastructure PLC, 6.38%, 02/15/2032 <sup>(a)</sup> | California Buyer Ltd. / Atlantica Sustainable Infrastructure PLC, 6.38%, 02/15/2032 <sup>(a)</sup> | 475000 | 487169 |
|  CrossCountry Intermediate HoldCo LLC, 6.50%, 10/01/2030 <sup>(a)</sup> | CrossCountry Intermediate HoldCo LLC, 6.50%, 10/01/2030 <sup>(a)</sup> | 225000 | 226072 |
|  DAE Funding LLC, 3.38%, 03/20/2028 | DAE Funding LLC, 3.38%, 03/20/2028 | 900000 | 871998 |
|  Dcli Bidco LLC, 7.75%, 11/15/2029 <sup>(a)</sup> | Dcli Bidco LLC, 7.75%, 11/15/2029 <sup>(a)</sup> | 475000 | 494262 |
|  Esic Sukuk Ltd., 5.83%, 02/14/2029 | Esic Sukuk Ltd., 5.83%, 02/14/2029 | 810000 | 836252 |
|  Freedom Mortgage Holdings LLC, 8.38%, 04/01/2032 <sup>(a)</sup> | Freedom Mortgage Holdings LLC, 8.38%, 04/01/2032 <sup>(a)</sup> | 125000 | 131122 |
|  FTAI Aviation Investors LLC, 7.00%, 06/15/2032 <sup>(a)</sup> | FTAI Aviation Investors LLC, 7.00%, 06/15/2032 <sup>(a)</sup> | 775000 | 811707 |
| Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. |  |
| &nbsp;&nbsp; 2.38% to 07/21/2031 then SOFR + 1.25%, 07/21/2032 | &nbsp;&nbsp; 2.38% to 07/21/2031 then SOFR + 1.25%, 07/21/2032 | 825000 | 736687 |
| &nbsp;&nbsp; 5.73% to 01/28/2055 then SOFR + 1.70%, 01/28/2056 | &nbsp;&nbsp; 5.73% to 01/28/2055 then SOFR + 1.70%, 01/28/2056 | 325000 | 337133 |
|  HLD Europe SCA, 4.13%, 04/02/2030 | HLD Europe SCA, 4.13%, 04/02/2030 | 250000 | 299953 |
|  Icahn Enterprises LP / Icahn Enterprises Finance Corp., 5.25%, 05/15/2027 | Icahn Enterprises LP / Icahn Enterprises Finance Corp., 5.25%, 05/15/2027 | 800000 | 786480 |
|  MDGH GMTN RSC Ltd., 2.88%, 11/07/2029 | MDGH GMTN RSC Ltd., 2.88%, 11/07/2029 | 880000 | 839722 |
| Morgan Stanley | Morgan Stanley | Morgan Stanley |  |
| &nbsp;&nbsp; 5.17% to 01/16/2029 then SOFR + 1.45%, 01/16/2030 | &nbsp;&nbsp; 5.17% to 01/16/2029 then SOFR + 1.45%, 01/16/2030 | 500000 | 514100 |
| &nbsp;&nbsp; 5.25% to 04/21/2033 then SOFR + 1.87%, 04/21/2034 | &nbsp;&nbsp; 5.25% to 04/21/2033 then SOFR + 1.87%, 04/21/2034 | 300000 | 309466 |
| &nbsp;&nbsp; 5.47% to 01/18/2034 then SOFR + 1.73%, 01/18/2035 | &nbsp;&nbsp; 5.47% to 01/18/2034 then SOFR + 1.73%, 01/18/2035 | 450000 | 468700 |
| &nbsp;&nbsp; 4.10% to 05/22/2035 then 3 mo. EURIBOR + 1.55%, 05/22/2036 | &nbsp;&nbsp; 4.10% to 05/22/2035 then 3 mo. EURIBOR + 1.55%, 05/22/2036 | 300000 | 363661 |
|  Motability Operations Group PLC, 3.88%, 01/24/2034 | Motability Operations Group PLC, 3.88%, 01/24/2034 | 510000 | 606306 |
|  Nasdaq, Inc., 5.55%, 02/15/2034 | Nasdaq, Inc., 5.55%, 02/15/2034 | 725000 | 761443 |
| OneMain Finance Corp. | OneMain Finance Corp. | OneMain Finance Corp. |  |
| &nbsp;&nbsp; 3.50%, 01/15/2027 | &nbsp;&nbsp; 3.50%, 01/15/2027 | 400000 | 392597 |
| &nbsp;&nbsp; 6.13%, 05/15/2030 | &nbsp;&nbsp; 6.13%, 05/15/2030 | 400000 | 405353 |
| PennyMac Financial Services, Inc. | PennyMac Financial Services, Inc. | PennyMac Financial Services, Inc. |  |
| &nbsp;&nbsp; 7.88%, 12/15/2029 <sup>(a)</sup> | &nbsp;&nbsp; 7.88%, 12/15/2029 <sup>(a)</sup> | 150000 | 159298 |
| &nbsp;&nbsp; 7.13%, 11/15/2030 <sup>(a)</sup> | &nbsp;&nbsp; 7.13%, 11/15/2030 <sup>(a)</sup> | 550000 | 573184 |
| &nbsp;&nbsp; 6.88%, 02/15/2033 <sup>(a)</sup> | &nbsp;&nbsp; 6.88%, 02/15/2033 <sup>(a)</sup> | 400000 | 413552 |
|  Phoenix Aviation Capital Ltd., 9.25%, 07/15/2030 <sup>(a)</sup> | Phoenix Aviation Capital Ltd., 9.25%, 07/15/2030 <sup>(a)</sup> | 350000 | 372751 |
|  Rocket Cos., Inc., 6.38%, 08/01/2033 <sup>(a)</sup> | Rocket Cos., Inc., 6.38%, 08/01/2033 <sup>(a)</sup> | 300000 | 310268 |
| SoftBank Group Corp. | SoftBank Group Corp. | SoftBank Group Corp. |  |
| &nbsp;&nbsp; 6.75%, 07/08/2029 | &nbsp;&nbsp; 6.75%, 07/08/2029 | 800000 | 825017 |
| &nbsp;&nbsp; 5.75%, 07/08/2032 | &nbsp;&nbsp; 5.75%, 07/08/2032 | 350000 | 430189 |
|  Tikehau Capital SCA, 4.25%, 04/08/2031 | Tikehau Capital SCA, 4.25%, 04/08/2031 | 400000 | 480410 |
|  |  |  | 18543603 |
| **Diversified Media - 0.6%** | **Diversified Media - 0.6%** | **Diversified Media - 0.6%** |  |
| Clear Channel Outdoor Holdings, Inc. | Clear Channel Outdoor Holdings, Inc. | Clear Channel Outdoor Holdings, Inc. |  |
| &nbsp;&nbsp; 7.13%, 02/15/2031 <sup>(a)</sup> | &nbsp;&nbsp; 7.13%, 02/15/2031 <sup>(a)</sup> | 225000 | 232832 |
| &nbsp;&nbsp; 7.50%, 03/15/2033 <sup>(a)</sup> | &nbsp;&nbsp; 7.50%, 03/15/2033 <sup>(a)</sup> | 175000 | 183094 |
|  RAI-Radiotelevisione Italiana SpA, 4.38%, 07/10/2029 | RAI-Radiotelevisione Italiana SpA, 4.38%, 07/10/2029 | 200000 | 244322 |
| Snap, Inc. | Snap, Inc. | Snap, Inc. |  |
| &nbsp;&nbsp; 6.88%, 03/01/2033 <sup>(a)</sup> | &nbsp;&nbsp; 6.88%, 03/01/2033 <sup>(a)</sup> | 75000 | 76740 |
| &nbsp;&nbsp; 6.88%, 03/15/2034 <sup>(a)</sup> | &nbsp;&nbsp; 6.88%, 03/15/2034 <sup>(a)</sup> | 200000 | 203140 |
|  |  |  | 940128 |
| **Energy - 9.0%** | **Energy - 9.0%** | **Energy - 9.0%** |  |
|  Aker BP ASA, 4.00%, 05/29/2032 | Aker BP ASA, 4.00%, 05/29/2032 | 730000 | 872929 |
|  BP Capital Markets BV, 4.32%, 05/12/2035 | BP Capital Markets BV, 4.32%, 05/12/2035 | 510000 | 631210 |
|  Buckeye Partners LP, 6.75%, 02/01/2030 <sup>(a)</sup> | Buckeye Partners LP, 6.75%, 02/01/2030 <sup>(a)</sup> | 175000 | 181904 |
| Cheniere Energy Partners LP | Cheniere Energy Partners LP | Cheniere Energy Partners LP |  |
| &nbsp;&nbsp; 5.95%, 06/30/2033 | &nbsp;&nbsp; 5.95%, 06/30/2033 | 325000 | 344215 |
| &nbsp;&nbsp; 5.55%, 10/30/2035 <sup>(a)</sup> | &nbsp;&nbsp; 5.55%, 10/30/2035 <sup>(a)</sup> | 425000 | 434529 |
|  Civitas Resources, Inc., 5.00%, 10/15/2026 <sup>(a)</sup> | Civitas Resources, Inc., 5.00%, 10/15/2026 <sup>(a)</sup> | 400000 | 398393 |
|  DT Midstream, Inc., 4.13%, 06/15/2029 <sup>(a)</sup> | DT Midstream, Inc., 4.13%, 06/15/2029 <sup>(a)</sup> | 475000 | 463477 |
|  Empresa Nacional del Petroleo, 5.95%, 07/30/2034 | Empresa Nacional del Petroleo, 5.95%, 07/30/2034 | 325000 | 342909 |
|  Energy Transfer LP, 6.20%, 04/01/2055 | Energy Transfer LP, 6.20%, 04/01/2055 | 325000 | 326745 |
|  Enterprise Products Operating LLC, 5.55%, 02/16/2055 | Enterprise Products Operating LLC, 5.55%, 02/16/2055 | 575000 | 569226 |
| EQT Corp. | EQT Corp. | EQT Corp. |  |
| &nbsp;&nbsp; 4.50%, 01/15/2029 | &nbsp;&nbsp; 4.50%, 01/15/2029 | 175000 | 175112 |
| &nbsp;&nbsp; 4.75%, 01/15/2031 | &nbsp;&nbsp; 4.75%, 01/15/2031 | 647000 | 646185 |
|  Expand Energy Corp., 4.75%, 02/01/2032 | Expand Energy Corp., 4.75%, 02/01/2032 | 600000 | 590045 |
|  Galaxy Pipeline Assets Bidco Ltd., 2.63%, 03/31/2036 | Galaxy Pipeline Assets Bidco Ltd., 2.63%, 03/31/2036 | 1400000 | 1235231 |
|  Hess Corp., 5.60%, 02/15/2041 | Hess Corp., 5.60%, 02/15/2041 | 250000 | 259493 |
|  Hess Midstream Operations LP, 5.88%, 03/01/2028 <sup>(a)</sup> | Hess Midstream Operations LP, 5.88%, 03/01/2028 <sup>(a)</sup> | 300000 | 305765 |
|  ONEOK, Inc., 5.40%, 10/15/2035 | ONEOK, Inc., 5.40%, 10/15/2035 | 375000 | 376610 |
|  Repsol E&P Capital Markets US LLC, 5.20%, 09/16/2030 <sup>(a)</sup> | Repsol E&P Capital Markets US LLC, 5.20%, 09/16/2030 <sup>(a)</sup> | 250000 | 252001 |
|  Rockies Express Pipeline LLC, 6.75%, 03/15/2033 <sup>(a)</sup> | Rockies Express Pipeline LLC, 6.75%, 03/15/2033 <sup>(a)</sup> | 100000 | 104509 |
|  Shell International Finance BV, 1.75%, 09/10/2052 | Shell International Finance BV, 1.75%, 09/10/2052 | 800000 | 467280 |
| Sunoco LP | Sunoco LP | Sunoco LP |  |
| &nbsp;&nbsp; 5.63%, 03/15/2031 <sup>(a)</sup> | &nbsp;&nbsp; 5.63%, 03/15/2031 <sup>(a)</sup> | 400000 | 397364 |
| &nbsp;&nbsp; 5.88%, 03/15/2034 <sup>(a)</sup> | &nbsp;&nbsp; 5.88%, 03/15/2034 <sup>(a)</sup> | 275000 | 272798 |
| Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp. | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp. | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp. |  |
| &nbsp;&nbsp; 5.50%, 01/15/2028 <sup>(a)</sup> | &nbsp;&nbsp; 5.50%, 01/15/2028 <sup>(a)</sup> | 250000 | 248905 |
| &nbsp;&nbsp; 6.00%, 12/31/2030 <sup>(a)</sup> | &nbsp;&nbsp; 6.00%, 12/31/2030 <sup>(a)</sup> | 325000 | 321305 |
|  Targa Resources Corp., 6.50%, 03/30/2034 | Targa Resources Corp., 6.50%, 03/30/2034 | 450000 | 490620 |
|  TotalEnergies SE, 4.12% to 02/19/2030 then 5 yr. Swap Rate EUR + 1.86%, Perpetual | TotalEnergies SE, 4.12% to 02/19/2030 then 5 yr. Swap Rate EUR + 1.86%, Perpetual | 575000 | 687555 |
| Var Energi ASA | Var Energi ASA | Var Energi ASA |  |
| &nbsp;&nbsp; 5.88%, 05/22/2030 <sup>(a)</sup> | &nbsp;&nbsp; 5.88%, 05/22/2030 <sup>(a)</sup> | 340000 | 353914 |
| &nbsp;&nbsp; 3.88%, 03/12/2031 | &nbsp;&nbsp; 3.88%, 03/12/2031 | 275000 | 326859 |
| &nbsp;&nbsp; 7.86% to 02/15/2029 then 5 yr. Swap Rate EUR + 4.77%, 11/15/2083 | &nbsp;&nbsp; 7.86% to 02/15/2029 then 5 yr. Swap Rate EUR + 4.77%, 11/15/2083 | 250000 | 326526 |
|  Venture Global LNG, Inc., 8.13%, 06/01/2028 <sup>(a)</sup> | Venture Global LNG, Inc., 8.13%, 06/01/2028 <sup>(a)</sup> | 1000000 | 1035750 |
|  Venture Global Plaquemines LNG LLC, 6.75%, 01/15/2036 <sup>(a)</sup> | Venture Global Plaquemines LNG LLC, 6.75%, 01/15/2036 <sup>(a)</sup> | 475000 | 504832 |
|  Viper Energy Partners LLC, 4.90%, 08/01/2030 | Viper Energy Partners LLC, 4.90%, 08/01/2030 | 250000 | 252062 |
|  Vivo Energy Investments BV, 5.13%, 09/24/2027 | Vivo Energy Investments BV, 5.13%, 09/24/2027 | 400000 | 399532 |
|  Wintershall Dea Finance 2 BV, 3.00% to 01/20/2029 then 5 yr. Swap Rate EUR + 3.32%, Perpetual | Wintershall Dea Finance 2 BV, 3.00% to 01/20/2029 then 5 yr. Swap Rate EUR + 3.32%, Perpetual | 300000 | 340109 |
|  |  |  | 14935899 |
| **Environmental - 0.6%** | **Environmental - 0.6%** | **Environmental - 0.6%** |  |
|  Currenta Group Holdings Sarl, 5.50%, 05/15/2030 | Currenta Group Holdings Sarl, 5.50%, 05/15/2030 | 425000 | 512664 |
|  GFL Environmental, Inc., 3.50%, 09/01/2028 <sup>(a)</sup> | GFL Environmental, Inc., 3.50%, 09/01/2028 <sup>(a)</sup> | 500000 | 488166 |
|  Waste Pro USA, Inc., 7.00%, 02/01/2033 <sup>(a)</sup> | Waste Pro USA, Inc., 7.00%, 02/01/2033 <sup>(a)</sup> | 75000 | 77863 |
|  |  |  | 1078693 |
| **Food & Drug Retail - 0.8%** | **Food & Drug Retail - 0.8%** | **Food & Drug Retail - 0.8%** |  |
|  Cencosud SA, 5.95%, 05/28/2031 | Cencosud SA, 5.95%, 05/28/2031 | 820000 | 862438 |
|  Market Bidco Finco PLC, 6.75%, 01/31/2031 | Market Bidco Finco PLC, 6.75%, 01/31/2031 | 475000 | 551250 |
|  |  |  | 1413688 |
| **Food/Beverage/Tobacco - 3.8%** | **Food/Beverage/Tobacco - 3.8%** | **Food/Beverage/Tobacco - 3.8%** |  |
|  Bacardi Ltd. / Bacardi-Martini BV, 5.25%, 01/15/2029 <sup>(a)</sup> | Bacardi Ltd. / Bacardi-Martini BV, 5.25%, 01/15/2029 <sup>(a)</sup> | 475000 | 485095 |
| Barry Callebaut Services NV | Barry Callebaut Services NV | Barry Callebaut Services NV |  |
| &nbsp;&nbsp; 3.75%, 02/19/2028 | &nbsp;&nbsp; 3.75%, 02/19/2028 | 200000 | 238293 |
| &nbsp;&nbsp; 4.25%, 08/19/2031 | &nbsp;&nbsp; 4.25%, 08/19/2031 | 100000 | 120138 |
|  Coca-Cola Co., 0.80%, 03/15/2040 | Coca-Cola Co., 0.80%, 03/15/2040 | 600000 | 480058 |
|  Flora Food Management BV, 6.88%, 07/02/2029 | Flora Food Management BV, 6.88%, 07/02/2029 | 600000 | 705605 |
|  INDOFOOD CBP SUKSE 3.398% SNR 09/06/31 USD1000, 3.40%, 06/09/2031 | INDOFOOD CBP SUKSE 3.398% SNR 09/06/31 USD1000, 3.40%, 06/09/2031 | 860000 | 800965 |
| JBS USA Holding Lux Sarl / JBS USA Foods Group Holdings, Inc. / JBS USA Food Co. | JBS USA Holding Lux Sarl / JBS USA Foods Group Holdings, Inc. / JBS USA Food Co. | JBS USA Holding Lux Sarl / JBS USA Foods Group Holdings, Inc. / JBS USA Food Co. |  |
| &nbsp;&nbsp; 5.50%, 01/15/2036 <sup>(a)</sup> | &nbsp;&nbsp; 5.50%, 01/15/2036 <sup>(a)</sup> | 425000 | 434280 |
| &nbsp;&nbsp; 6.25%, 03/01/2056 <sup>(a)</sup> | &nbsp;&nbsp; 6.25%, 03/01/2056 <sup>(a)</sup> | 390000 | 400389 |
| Mars, Inc. | Mars, Inc. | Mars, Inc. |  |
| &nbsp;&nbsp; 5.20%, 03/01/2035 <sup>(a)</sup> | &nbsp;&nbsp; 5.20%, 03/01/2035 <sup>(a)</sup> | 425000 | 434639 |
| &nbsp;&nbsp; 5.70%, 05/01/2055 <sup>(a)</sup> | &nbsp;&nbsp; 5.70%, 05/01/2055 <sup>(a)</sup> | 475000 | 481551 |
|  NBM US Holdings, Inc., 6.63%, 08/06/2029 | NBM US Holdings, Inc., 6.63%, 08/06/2029 | 600000 | 608677 |
|  PepsiCo, Inc., 4.05%, 07/28/2055 | PepsiCo, Inc., 4.05%, 07/28/2055 | 300000 | 347375 |
|  Roquette Freres SA, 3.77%, 11/25/2031 | Roquette Freres SA, 3.77%, 11/25/2031 | 700000 | 824329 |
|  |  |  | 6361394 |
| **Gaming - 0.8%** | **Gaming - 0.8%** | **Gaming - 0.8%** |  |
|  FDJ UNITED, 3.63%, 11/21/2036 | FDJ UNITED, 3.63%, 11/21/2036 | 400000 | 462156 |
|  Rivers Enterprise Lender LLC / Rivers Enterprise Lender Corp., 6.25%, 10/15/2030 <sup>(a)</sup> | Rivers Enterprise Lender LLC / Rivers Enterprise Lender Corp., 6.25%, 10/15/2030 <sup>(a)</sup> | 100000 | 100885 |
|  Studio City Co. Ltd., 7.00%, 02/15/2027 | Studio City Co. Ltd., 7.00%, 02/15/2027 | 750000 | 756020 |
|  |  |  | 1319061 |
| **Healthcare - 4.4%** | **Healthcare - 4.4%** | **Healthcare - 4.4%** |  |
|  Amneal Pharmaceuticals LLC, 6.88%, 08/01/2032 <sup>(a)</sup> | Amneal Pharmaceuticals LLC, 6.88%, 08/01/2032 <sup>(a)</sup> | 75000 | 77704 |
|  Bayer AG, 7.00% to 12/25/2031 then 5 yr. Swap Rate EUR + 3.90%, 09/25/2083 | Bayer AG, 7.00% to 12/25/2031 then 5 yr. Swap Rate EUR + 3.90%, 09/25/2083 | 500000 | 644422 |
|  Cardinal Health, Inc., 5.35%, 11/15/2034 | Cardinal Health, Inc., 5.35%, 11/15/2034 | 575000 | 590886 |
|  CVS Health Corp., 6.75% to 12/10/2034 then 5 yr. CMT Rate + 2.52%, 12/10/2054 | CVS Health Corp., 6.75% to 12/10/2034 then 5 yr. CMT Rate + 2.52%, 12/10/2054 | 550000 | 568555 |
|  GE HealthCare Technologies, Inc., 5.50%, 06/15/2035 | GE HealthCare Technologies, Inc., 5.50%, 06/15/2035 | 450000 | 466710 |
|  GlaxoSmithKline Capital PLC, 4.25%, 12/18/2045 | GlaxoSmithKline Capital PLC, 4.25%, 12/18/2045 | 425000 | 458236 |
|  Grifols SA, 7.13%, 05/01/2030 | Grifols SA, 7.13%, 05/01/2030 | 550000 | 681932 |
|  HCA, Inc., 5.25%, 06/15/2049 | HCA, Inc., 5.25%, 06/15/2049 | 625000 | 573036 |
|  LifePoint Health, Inc., 8.38%, 02/15/2032 <sup>(a)</sup> | LifePoint Health, Inc., 8.38%, 02/15/2032 <sup>(a)</sup> | 450000 | 479997 |
|  Nidda Healthcare Holding GmbH, 5.63%, 02/21/2030 | Nidda Healthcare Holding GmbH, 5.63%, 02/21/2030 | 675000 | 816242 |
|  Perrigo Finance Unlimited Co., 6.13%, 09/30/2032 | Perrigo Finance Unlimited Co., 6.13%, 09/30/2032 | 575000 | 578853 |
|  Pfizer, Inc., 2.74%, 06/15/2043 | Pfizer, Inc., 2.74%, 06/15/2043 | 575000 | 503799 |
|  Raven Acquisition Holdings LLC, 6.88%, 11/15/2031 <sup>(a)</sup> | Raven Acquisition Holdings LLC, 6.88%, 11/15/2031 <sup>(a)</sup> | 400000 | 412093 |
|  US Acute Care Solutions LLC, 9.75%, 05/15/2029 <sup>(a)</sup> | US Acute Care Solutions LLC, 9.75%, 05/15/2029 <sup>(a)</sup> | 375000 | 384057 |
|  |  |  | 7236522 |
| **Homebuilders/Real Estate - 3.7%** | **Homebuilders/Real Estate - 3.7%** | **Homebuilders/Real Estate - 3.7%** |  |
|  American Tower Corp., 5.45%, 02/15/2034 | American Tower Corp., 5.45%, 02/15/2034 | 650000 | 675721 |
|  CPI Property Group SA, 6.00%, 01/27/2032 | CPI Property Group SA, 6.00%, 01/27/2032 | 350000 | 420979 |
|  CTP NV, 4.75%, 02/05/2030 | CTP NV, 4.75%, 02/05/2030 | 500000 | 620062 |
|  Goodman US Finance Six LLC, 5.13%, 10/07/2034 | Goodman US Finance Six LLC, 5.13%, 10/07/2034 | 425000 | 429764 |
|  Heimstaden Bostad Treasury BV, 1.00%, 04/13/2028 | Heimstaden Bostad Treasury BV, 1.00%, 04/13/2028 | 440000 | 491529 |
|  MasTec, Inc., 4.50%, 08/15/2028 <sup>(a)</sup> | MasTec, Inc., 4.50%, 08/15/2028 <sup>(a)</sup> | 190000 | 189716 |
|  P3 Group Sarl, 4.63%, 02/13/2030 | P3 Group Sarl, 4.63%, 02/13/2030 | 250000 | 307127 |
|  Quanta Services, Inc., 5.10%, 08/09/2035 | Quanta Services, Inc., 5.10%, 08/09/2035 | 300000 | 301040 |
|  RHP Hotel Properties LP / RHP Finance Corp., 6.50%, 04/01/2032 <sup>(a)</sup> | RHP Hotel Properties LP / RHP Finance Corp., 6.50%, 04/01/2032 <sup>(a)</sup> | 200000 | 205782 |
|  Service Properties Trust, 5.50%, 12/15/2027 | Service Properties Trust, 5.50%, 12/15/2027 | 500000 | 491207 |
|  TAG Immobilien AG, 4.25%, 03/04/2030 | TAG Immobilien AG, 4.25%, 03/04/2030 | 300000 | 364809 |
|  TopBuild Corp., 5.63%, 01/31/2034 <sup>(a)</sup> | TopBuild Corp., 5.63%, 01/31/2034 <sup>(a)</sup> | 250000 | 249586 |
|  Trust Fibra Uno, 4.87%, 01/15/2030 | Trust Fibra Uno, 4.87%, 01/15/2030 | 200000 | 196244 |
|  VIA Outlets BV, 1.75%, 11/15/2028 | VIA Outlets BV, 1.75%, 11/15/2028 | 495000 | 560095 |
|  Windstream Services LLC, 7.50%, 10/15/2033 <sup>(a)</sup> | Windstream Services LLC, 7.50%, 10/15/2033 <sup>(a)</sup> | 600000 | 600393 |
|  |  |  | 6104054 |
| **Hotels - 0.2%** | **Hotels - 0.2%** | **Hotels - 0.2%** |  |
|  Hyatt Hotels Corp., 5.75%, 03/30/2032 | Hyatt Hotels Corp., 5.75%, 03/30/2032 | 275000 | 286982 |
| **Insurance - 1.8%** | **Insurance - 1.8%** | **Insurance - 1.8%** |  |
|  Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer, 7.00%, 01/15/2031 <sup>(a)</sup> | Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer, 7.00%, 01/15/2031 <sup>(a)</sup> | 400000 | 413571 |
|  Athora Netherlands NV, 5.38% to 08/31/2027 then 5 yr. Swap Rate EUR + 4.01%, 08/31/2032 | Athora Netherlands NV, 5.38% to 08/31/2027 then 5 yr. Swap Rate EUR + 4.01%, 08/31/2032 | 475000 | 577001 |
|  Cathaylife Singapore Pte Ltd., 5.95%, 07/05/2034 | Cathaylife Singapore Pte Ltd., 5.95%, 07/05/2034 | 850000 | 904663 |
|  Dai-ichi Life Insurance Co. Ltd., 6.20% to 01/16/2035 then 5 yr. CMT Rate + 2.52%, Perpetual | Dai-ichi Life Insurance Co. Ltd., 6.20% to 01/16/2035 then 5 yr. CMT Rate + 2.52%, Perpetual | 200000 | 208026 |
|  Rothesay Life PLC, 7.02%, 12/10/2034 | Rothesay Life PLC, 7.02%, 12/10/2034 | 310000 | 437303 |
|  Zurich Finance Ireland Designated Activity Co., 5.13% to 11/23/2032 then UK Government Bonds 5 Year Note Generic Bid Yield + 4.10%, 11/23/2052 | Zurich Finance Ireland Designated Activity Co., 5.13% to 11/23/2032 then UK Government Bonds 5 Year Note Generic Bid Yield + 4.10%, 11/23/2052 | 300000 | 397132 |
|  |  |  | 2937696 |
| **Leisure - 2.0%** | **Leisure - 2.0%** | **Leisure - 2.0%** |  |
| Carnival Corp. | Carnival Corp. | Carnival Corp. |  |
| &nbsp;&nbsp; 6.00%, 05/01/2029 <sup>(a)</sup> | &nbsp;&nbsp; 6.00%, 05/01/2029 <sup>(a)</sup> | 500000 | 507411 |
| &nbsp;&nbsp; 6.13%, 02/15/2033 <sup>(a)</sup> | &nbsp;&nbsp; 6.13%, 02/15/2033 <sup>(a)</sup> | 300000 | 307690 |
| NCL Corp. Ltd. | NCL Corp. Ltd. | NCL Corp. Ltd. |  |
| &nbsp;&nbsp; 5.88%, 01/15/2031 <sup>(a)</sup> | &nbsp;&nbsp; 5.88%, 01/15/2031 <sup>(a)</sup> | 350000 | 350124 |
| &nbsp;&nbsp; 6.75%, 02/01/2032 <sup>(a)</sup> | &nbsp;&nbsp; 6.75%, 02/01/2032 <sup>(a)</sup> | 725000 | 745830 |
| Royal Caribbean Cruises Ltd. | Royal Caribbean Cruises Ltd. | Royal Caribbean Cruises Ltd. |  |
| &nbsp;&nbsp; 6.00%, 02/01/2033 <sup>(a)</sup> | &nbsp;&nbsp; 6.00%, 02/01/2033 <sup>(a)</sup> | 471000 | 483563 |
| &nbsp;&nbsp; 5.38%, 01/15/2036 | &nbsp;&nbsp; 5.38%, 01/15/2036 | 300000 | 301948 |
|  Vail Resorts, Inc., 5.63%, 07/15/2030 <sup>(a)</sup> | Vail Resorts, Inc., 5.63%, 07/15/2030 <sup>(a)</sup> | 250000 | 251719 |
|  VOC Escrow Ltd., 5.00%, 02/15/2028 <sup>(a)</sup> | VOC Escrow Ltd., 5.00%, 02/15/2028 <sup>(a)</sup> | 400000 | 399210 |
|  |  |  | 3347495 |
| **Metals/Mining - 2.3%** | **Metals/Mining - 2.3%** | **Metals/Mining - 2.3%** |  |
| AngloGold Ashanti Holdings PLC | AngloGold Ashanti Holdings PLC | AngloGold Ashanti Holdings PLC |  |
| &nbsp;&nbsp; 3.75%, 10/01/2030 | &nbsp;&nbsp; 3.75%, 10/01/2030 | 400000 | 381800 |
| &nbsp;&nbsp; 6.50%, 04/15/2040 | &nbsp;&nbsp; 6.50%, 04/15/2040 | 400000 | 423759 |
|  Capstone Copper Corp., 6.75%, 03/31/2033 <sup>(a)</sup> | Capstone Copper Corp., 6.75%, 03/31/2033 <sup>(a)</sup> | 75000 | 77315 |
| Corp. Nacional del Cobre de Chile | Corp. Nacional del Cobre de Chile | Corp. Nacional del Cobre de Chile |  |
| &nbsp;&nbsp; 5.95%, 01/08/2034 | &nbsp;&nbsp; 5.95%, 01/08/2034 | 500000 | 526207 |
| &nbsp;&nbsp; 6.44%, 01/26/2036 | &nbsp;&nbsp; 6.44%, 01/26/2036 | 300000 | 324931 |
|  Endeavour Mining PLC, 7.00%, 05/28/2030 | Endeavour Mining PLC, 7.00%, 05/28/2030 | 500000 | 516717 |
|  Gold Fields Orogen Holdings BVI Ltd., 6.13%, 05/15/2029 | Gold Fields Orogen Holdings BVI Ltd., 6.13%, 05/15/2029 | 985000 | 1033347 |
|  Navoi Mining & Metallurgical Combinat, 6.95%, 10/17/2031 | Navoi Mining & Metallurgical Combinat, 6.95%, 10/17/2031 | 400000 | 427051 |
|  Novelis Corp., 6.88%, 01/30/2030 <sup>(a)</sup> | Novelis Corp., 6.88%, 01/30/2030 <sup>(a)</sup> | 150000 | 155666 |
|  |  |  | 3866793 |
| **Paper - 1.1%** | **Paper - 1.1%** | **Paper - 1.1%** |  |
|  Inversiones CMPC SA, 6.13%, 06/23/2033 | Inversiones CMPC SA, 6.13%, 06/23/2033 | 900000 | 936934 |
|  Suzano Austria GmbH, 3.75%, 01/15/2031 | Suzano Austria GmbH, 3.75%, 01/15/2031 | 900000 | 852723 |
|  |  |  | 1789657 |
| **Railroads - 0.1%** | **Railroads - 0.1%** | **Railroads - 0.1%** |  |
|  Rumo Luxembourg Sarl, 5.25%, 01/10/2028 | Rumo Luxembourg Sarl, 5.25%, 01/10/2028 | 200000 | 198809 |
| **Restaurants - 0.7%** | **Restaurants - 0.7%** | **Restaurants - 0.7%** |  |
|  Arcos Dorados BV, 6.38%, 01/29/2032 | Arcos Dorados BV, 6.38%, 01/29/2032 | 800000 | 844704 |
|  McDonald's Corp., 4.95%, 03/03/2035 | McDonald's Corp., 4.95%, 03/03/2035 | 400000 | 405493 |
|  |  |  | 1250197 |
| **Services - 2.7%** | **Services - 2.7%** | **Services - 2.7%** |  |
|  Allied Universal Holdco LLC, 7.88%, 02/15/2031 <sup>(a)</sup> | Allied Universal Holdco LLC, 7.88%, 02/15/2031 <sup>(a)</sup> | 700000 | 734682 |
|  Amber Finco PLC, 6.63%, 07/15/2029 | Amber Finco PLC, 6.63%, 07/15/2029 | 225000 | 278483 |
|  Beacon Mobility Corp., 7.25%, 08/01/2030 <sup>(a)</sup> | Beacon Mobility Corp., 7.25%, 08/01/2030 <sup>(a)</sup> | 275000 | 286104 |
|  Herc Holdings, Inc., 7.00%, 06/15/2030 <sup>(a)</sup> | Herc Holdings, Inc., 7.00%, 06/15/2030 <sup>(a)</sup> | 100000 | 103941 |
|  IPSOS SA, 3.75%, 01/22/2030 | IPSOS SA, 3.75%, 01/22/2030 | 200000 | 238797 |
|  Paychex, Inc., 5.10%, 04/15/2030 | Paychex, Inc., 5.10%, 04/15/2030 | 475000 | 489007 |
|  Rentokil Terminix Funding LLC, 5.00%, 04/28/2030 <sup>(a)</sup> | Rentokil Terminix Funding LLC, 5.00%, 04/28/2030 <sup>(a)</sup> | 575000 | 586339 |
|  TriNet Group, Inc., 7.13%, 08/15/2031 <sup>(a)</sup> | TriNet Group, Inc., 7.13%, 08/15/2031 <sup>(a)</sup> | 400000 | 413525 |
|  Uber Technologies, Inc., 4.80%, 09/15/2035 | Uber Technologies, Inc., 4.80%, 09/15/2035 | 475000 | 471270 |
|  United Rentals North America, Inc., 6.00%, 12/15/2029 <sup>(a)</sup> | United Rentals North America, Inc., 6.00%, 12/15/2029 <sup>(a)</sup> | 550000 | 566798 |
|  WESCO Distribution, Inc., 6.38%, 03/15/2033 <sup>(a)</sup> | WESCO Distribution, Inc., 6.38%, 03/15/2033 <sup>(a)</sup> | 75000 | 77800 |
|  Williams Scotsman, Inc., 6.63%, 04/15/2030 <sup>(a)</sup> | Williams Scotsman, Inc., 6.63%, 04/15/2030 <sup>(a)</sup> | 225000 | 231746 |
|  |  |  | 4478492 |
| **Steel - 0.9%** | **Steel - 0.9%** | **Steel - 0.9%** |  |
|  ABJA Investment Co. Pte Ltd., 5.45%, 01/24/2028 | ABJA Investment Co. Pte Ltd., 5.45%, 01/24/2028 | 612000 | 624164 |
|  Gerdau Trade, Inc., 5.75%, 06/09/2035 | Gerdau Trade, Inc., 5.75%, 06/09/2035 | 800000 | 829800 |
|  |  |  | 1453964 |
| **Super Retail - 2.3%** | **Super Retail - 2.3%** | **Super Retail - 2.3%** |  |
|  AA Bond Co. Ltd., 6.85%, 07/31/2031 | AA Bond Co. Ltd., 6.85%, 07/31/2031 | 250000 | 353342 |
|  Advance Auto Parts, Inc., 7.00%, 08/01/2030 <sup>(a)</sup> | Advance Auto Parts, Inc., 7.00%, 08/01/2030 <sup>(a)</sup> | 250000 | 257554 |
|  Home Depot, Inc., 4.95%, 06/25/2034 | Home Depot, Inc., 4.95%, 06/25/2034 | 325000 | 332970 |
|  ITM Entreprises SASU, 4.13%, 01/29/2030 | ITM Entreprises SASU, 4.13%, 01/29/2030 | 500000 | 601794 |
|  Lowe's Cos., Inc., 5.15%, 07/01/2033 | Lowe's Cos., Inc., 5.15%, 07/01/2033 | 425000 | 439184 |
|  Magnera Corp., 7.25%, 11/15/2031 <sup>(a)</sup> | Magnera Corp., 7.25%, 11/15/2031 <sup>(a)</sup> | 625000 | 588588 |
|  PVH Corp., 5.50%, 06/13/2030 | PVH Corp., 5.50%, 06/13/2030 | 200000 | 203885 |
|  Rakuten Group, Inc., 9.75%, 04/15/2029 <sup>(a)</sup> | Rakuten Group, Inc., 9.75%, 04/15/2029 <sup>(a)</sup> | 350000 | 393967 |
|  REWE International Finance BV, 4.88%, 09/13/2030 | REWE International Finance BV, 4.88%, 09/13/2030 | 500000 | 631176 |
|  |  |  | 3802460 |
| **Technology - 8.8%** | **Technology - 8.8%** | **Technology - 8.8%** |  |
|  Amphenol Corp., 2.20%, 09/15/2031 | Amphenol Corp., 2.20%, 09/15/2031 | 425000 | 377445 |
|  Apple, Inc., 3.60%, 07/31/2042 | Apple, Inc., 3.60%, 07/31/2042 | 375000 | 402471 |
| Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. |  |
| &nbsp;&nbsp; 3.47%, 04/15/2034 <sup>(a)</sup> | &nbsp;&nbsp; 3.47%, 04/15/2034 <sup>(a)</sup> | 375000 | 342225 |
| &nbsp;&nbsp; 3.14%, 11/15/2035 <sup>(a)</sup> | &nbsp;&nbsp; 3.14%, 11/15/2035 <sup>(a)</sup> | 525000 | 454447 |
|  Cloud Software Group, Inc., 6.50%, 03/31/2029 <sup>(a)</sup> | Cloud Software Group, Inc., 6.50%, 03/31/2029 <sup>(a)</sup> | 775000 | 782618 |
| CoreWeave, Inc. | CoreWeave, Inc. | CoreWeave, Inc. |  |
| &nbsp;&nbsp; 9.25%, 06/01/2030 <sup>(a)</sup> | &nbsp;&nbsp; 9.25%, 06/01/2030 <sup>(a)</sup> | 175000 | 180974 |
| &nbsp;&nbsp; 9.00%, 02/01/2031 <sup>(a)</sup> | &nbsp;&nbsp; 9.00%, 02/01/2031 <sup>(a)</sup> | 275000 | 282006 |
| Dell International LLC / EMC Corp. | Dell International LLC / EMC Corp. | Dell International LLC / EMC Corp. |  |
| &nbsp;&nbsp; 4.75%, 10/06/2032 | &nbsp;&nbsp; 4.75%, 10/06/2032 | 300000 | 298851 |
| &nbsp;&nbsp; 3.38%, 12/15/2041 | &nbsp;&nbsp; 3.38%, 12/15/2041 | 150000 | 115009 |
|  Fortress Intermediate 3, Inc., 7.50%, 06/01/2031 <sup>(a)</sup> | Fortress Intermediate 3, Inc., 7.50%, 06/01/2031 <sup>(a)</sup> | 950000 | 995977 |
| Foundry JV Holdco LLC | Foundry JV Holdco LLC | Foundry JV Holdco LLC |  |
| &nbsp;&nbsp; 5.50%, 01/25/2031 <sup>(a)</sup> | &nbsp;&nbsp; 5.50%, 01/25/2031 <sup>(a)</sup> | 250000 | 259675 |
| &nbsp;&nbsp; 6.15%, 01/25/2032 <sup>(a)</sup> | &nbsp;&nbsp; 6.15%, 01/25/2032 <sup>(a)</sup> | 525000 | 561718 |
| &nbsp;&nbsp; 6.10%, 01/25/2036 <sup>(a)</sup> | &nbsp;&nbsp; 6.10%, 01/25/2036 <sup>(a)</sup> | 425000 | 452033 |
|  Gen Digital, Inc., 6.25%, 04/01/2033 <sup>(a)</sup> | Gen Digital, Inc., 6.25%, 04/01/2033 <sup>(a)</sup> | 150000 | 153507 |
|  Hewlett Packard Enterprise Co., 4.55%, 10/15/2029 | Hewlett Packard Enterprise Co., 4.55%, 10/15/2029 | 320000 | 321892 |
|  Insight Enterprises, Inc., 6.63%, 05/15/2032 <sup>(a)</sup> | Insight Enterprises, Inc., 6.63%, 05/15/2032 <sup>(a)</sup> | 350000 | 359271 |
|  Intel Corp., 5.13%, 02/10/2030 | Intel Corp., 5.13%, 02/10/2030 | 375000 | 386058 |
| Kioxia Holdings Corp. | Kioxia Holdings Corp. | Kioxia Holdings Corp. |  |
| &nbsp;&nbsp; 6.25%, 07/24/2030 <sup>(a)</sup> | &nbsp;&nbsp; 6.25%, 07/24/2030 <sup>(a)</sup> | 200000 | 204179 |
| &nbsp;&nbsp; 6.63%, 07/24/2033 <sup>(a)</sup> | &nbsp;&nbsp; 6.63%, 07/24/2033 <sup>(a)</sup> | 200000 | 205838 |
| LG Energy Solution Ltd. | LG Energy Solution Ltd. | LG Energy Solution Ltd. |  |
| &nbsp;&nbsp; 5.75%, 09/25/2028 | &nbsp;&nbsp; 5.75%, 09/25/2028 | 670000 | 693571 |
| &nbsp;&nbsp; 5.88%, 04/02/2035 | &nbsp;&nbsp; 5.88%, 04/02/2035 | 200000 | 206902 |
| Micron Technology, Inc. | Micron Technology, Inc. | Micron Technology, Inc. |  |
| &nbsp;&nbsp; 5.65%, 11/01/2032 | &nbsp;&nbsp; 5.65%, 11/01/2032 | 400000 | 419986 |
| &nbsp;&nbsp; 6.05%, 11/01/2035 | &nbsp;&nbsp; 6.05%, 11/01/2035 | 200000 | 213902 |
| Oracle Corp. | Oracle Corp. | Oracle Corp. |  |
| &nbsp;&nbsp; 5.20%, 09/26/2035 | &nbsp;&nbsp; 5.20%, 09/26/2035 | 350000 | 351965 |
| &nbsp;&nbsp; 5.38%, 09/27/2054 | &nbsp;&nbsp; 5.38%, 09/27/2054 | 400000 | 367469 |
| &nbsp;&nbsp; 5.95%, 09/26/2055 | &nbsp;&nbsp; 5.95%, 09/26/2055 | 225000 | 224047 |
|  Prysmian SpA, 3.63%, 11/28/2028 | Prysmian SpA, 3.63%, 11/28/2028 | 290000 | 347079 |
| Qnity Electronics, Inc. | Qnity Electronics, Inc. | Qnity Electronics, Inc. |  |
| &nbsp;&nbsp; 5.75%, 08/15/2032 <sup>(a)</sup> | &nbsp;&nbsp; 5.75%, 08/15/2032 <sup>(a)</sup> | 325000 | 327925 |
| &nbsp;&nbsp; 6.25%, 08/15/2033 <sup>(a)</sup> | &nbsp;&nbsp; 6.25%, 08/15/2033 <sup>(a)</sup> | 150000 | 153363 |
|  Rocket Software, Inc., 9.00%, 11/28/2028 <sup>(a)</sup> | Rocket Software, Inc., 9.00%, 11/28/2028 <sup>(a)</sup> | 750000 | 774158 |
|  SK Hynix, Inc., 6.50%, 01/17/2033 | SK Hynix, Inc., 6.50%, 01/17/2033 | 1100000 | 1214149 |
| TDF Infrastructure SASU | TDF Infrastructure SASU | TDF Infrastructure SASU |  |
| &nbsp;&nbsp; 3.63%, 12/16/2030 | &nbsp;&nbsp; 3.63%, 12/16/2030 | 500000 | 586818 |
| &nbsp;&nbsp; 4.13%, 10/23/2031 | &nbsp;&nbsp; 4.13%, 10/23/2031 | 400000 | 475084 |
|  Techem Verwaltungsgesellschaft 675 mbH, 4.63%, 07/15/2032 | Techem Verwaltungsgesellschaft 675 mbH, 4.63%, 07/15/2032 | 250000 | 294514 |
|  Teleperformance SE, 5.75%, 11/22/2031 | Teleperformance SE, 5.75%, 11/22/2031 | 700000 | 891501 |
|  |  |  | 14678627 |
| **Telecommunications - 5.4%** | **Telecommunications - 5.4%** | **Telecommunications - 5.4%** |  |
|  AT&T, Inc., 5.70%, 11/01/2054 | AT&T, Inc., 5.70%, 11/01/2054 | 600000 | 593059 |
|  Bharti Airtel Ltd., 3.25%, 06/03/2031 | Bharti Airtel Ltd., 3.25%, 06/03/2031 | 900000 | 847564 |
|  Connect Finco SARL / Connect US Finco LLC, 9.00%, 09/15/2029 <sup>(a)</sup> | Connect Finco SARL / Connect US Finco LLC, 9.00%, 09/15/2029 <sup>(a)</sup> | 450000 | 473057 |
|  eircom Finance DAC, 2.63%, 02/15/2027 | eircom Finance DAC, 2.63%, 02/15/2027 | 400000 | 470364 |
|  Frontier Communications Holdings LLC, 6.00%, 01/15/2030 <sup>(a)</sup> | Frontier Communications Holdings LLC, 6.00%, 01/15/2030 <sup>(a)</sup> | 400000 | 405053 |
|  GCI LLC, 4.75%, 10/15/2028 <sup>(a)</sup> | GCI LLC, 4.75%, 10/15/2028 <sup>(a)</sup> | 425000 | 413365 |
| Level 3 Financing, Inc. | Level 3 Financing, Inc. | Level 3 Financing, Inc. |  |
| &nbsp;&nbsp; 6.88%, 06/30/2033 <sup>(a)</sup> | &nbsp;&nbsp; 6.88%, 06/30/2033 <sup>(a)</sup> | 325000 | 331515 |
| &nbsp;&nbsp; 7.00%, 03/31/2034 <sup>(a)</sup> | &nbsp;&nbsp; 7.00%, 03/31/2034 <sup>(a)</sup> | 350000 | 357089 |
|  Matterhorn Telecom SA, 5.25%, 07/31/2028 | Matterhorn Telecom SA, 5.25%, 07/31/2028 | 400000 | 518057 |
|  NTT Finance Corp., 5.50%, 07/16/2035 <sup>(a)</sup> | NTT Finance Corp., 5.50%, 07/16/2035 <sup>(a)</sup> | 450000 | 466056 |
|  Sitios Latinoamerica SAB de CV, 6.00%, 11/25/2029 | Sitios Latinoamerica SAB de CV, 6.00%, 11/25/2029 | 700000 | 729260 |
|  TDC Net AS, 5.19%, 08/02/2029 | TDC Net AS, 5.19%, 08/02/2029 | 250000 | 309066 |
| T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. |  |
| &nbsp;&nbsp; 5.05%, 07/15/2033 | &nbsp;&nbsp; 5.05%, 07/15/2033 | 700000 | 715113 |
| &nbsp;&nbsp; 5.75%, 01/15/2054 | &nbsp;&nbsp; 5.75%, 01/15/2054 | 725000 | 725793 |
|  Verizon Communications, Inc., 5.05%, 05/09/2033 | Verizon Communications, Inc., 5.05%, 05/09/2033 | 400000 | 409461 |
|  Virgin Media Finance PLC, 5.00%, 07/15/2030 <sup>(a)</sup> | Virgin Media Finance PLC, 5.00%, 07/15/2030 <sup>(a)</sup> | 425000 | 395086 |
|  Vmed O2 UK Financing I PLC, 4.00%, 01/31/2029 | Vmed O2 UK Financing I PLC, 4.00%, 01/31/2029 | 650000 | 836240 |
|  |  |  | 8995198 |
| **Transportation Excluding Air/Rail - 1.4%** | **Transportation Excluding Air/Rail - 1.4%** | **Transportation Excluding Air/Rail - 1.4%** |  |
|  Abertis Infraestructuras Finance BV, 4.87% to 02/28/2030 then 5 yr. Swap Rate EUR + 2.62%, Perpetual | Abertis Infraestructuras Finance BV, 4.87% to 02/28/2030 then 5 yr. Swap Rate EUR + 2.62%, Perpetual | 200000 | 242466 |
|  Heathrow Finance PLC, 3.88%, 03/01/2027 <sup>(b)</sup> | Heathrow Finance PLC, 3.88%, 03/01/2027 <sup>(b)</sup> | 550000 | 724690 |
|  International Distribution Services PLC, 7.38%, 09/14/2030 | International Distribution Services PLC, 7.38%, 09/14/2030 | 660000 | 952171 |
|  United Parcel Service, Inc., 5.50%, 05/22/2054 | United Parcel Service, Inc., 5.50%, 05/22/2054 | 400000 | 396970 |
|  |  |  | 2316297 |
| **Utilities - 5.1%** | **Utilities - 5.1%** | **Utilities - 5.1%** |  |
|  Alpha Generation LLC, 6.75%, 10/15/2032 <sup>(a)</sup> | Alpha Generation LLC, 6.75%, 10/15/2032 <sup>(a)</sup> | 550000 | 568530 |
|  California Buyer Ltd. / Atlantica Sustainable Infrastructure PLC, 5.63%, 02/15/2032 | California Buyer Ltd. / Atlantica Sustainable Infrastructure PLC, 5.63%, 02/15/2032 | 475000 | 582158 |
|  Calpine Corp., 5.13%, 03/15/2028 <sup>(a)</sup> | Calpine Corp., 5.13%, 03/15/2028 <sup>(a)</sup> | 850000 | 851086 |
|  Chile Electricity Lux Mpc II Sarl, 5.58%, 10/20/2035 | Chile Electricity Lux Mpc II Sarl, 5.58%, 10/20/2035 | 488753 | 505692 |
|  Consolidated Edison Co. of New York, Inc., 5.50%, 03/15/2055 | Consolidated Edison Co. of New York, Inc., 5.50%, 03/15/2055 | 500000 | 495008 |
|  ContourGlobal Power Holdings SA, 5.00%, 02/28/2030 | ContourGlobal Power Holdings SA, 5.00%, 02/28/2030 | 500000 | 602879 |
|  Electricite de France SA, 2.88% to 03/15/2027 then 5 yr. Swap Rate EUR + 3.37%, Perpetual | Electricite de France SA, 2.88% to 03/15/2027 then 5 yr. Swap Rate EUR + 3.37%, Perpetual | 600000 | 696170 |
|  Hawaiian Electric Co., Inc., 6.00%, 10/01/2033 <sup>(a)</sup> | Hawaiian Electric Co., Inc., 6.00%, 10/01/2033 <sup>(a)</sup> | 125000 | 126113 |
|  Lightning Power LLC, 7.25%, 08/15/2032 <sup>(a)</sup> | Lightning Power LLC, 7.25%, 08/15/2032 <sup>(a)</sup> | 775000 | 821149 |
|  National Central Cooling Co. PJSC, 2.50%, 10/21/2027 | National Central Cooling Co. PJSC, 2.50%, 10/21/2027 | 650000 | 625619 |
|  Niagara Energy SAC, 5.75%, 10/03/2034 | Niagara Energy SAC, 5.75%, 10/03/2034 | 500000 | 515227 |
|  PSEG Power LLC, 5.75%, 05/15/2035 <sup>(a)</sup> | PSEG Power LLC, 5.75%, 05/15/2035 <sup>(a)</sup> | 750000 | 785116 |
|  RTE Reseau de Transport d'Electricite SADIR, 4.00%, 07/08/2045 | RTE Reseau de Transport d'Electricite SADIR, 4.00%, 07/08/2045 | 300000 | 342044 |
|  Stedin Holding NV, 3.38%, 02/12/2037 | Stedin Holding NV, 3.38%, 02/12/2037 | 250000 | 288368 |
|  Vistra Operations Co. LLC, 6.95%, 10/15/2033 <sup>(a)</sup> | Vistra Operations Co. LLC, 6.95%, 10/15/2033 <sup>(a)</sup> | 500000 | 558424 |
|  XPLR Infrastructure Operating Partners LP, 8.38%, 01/15/2031 <sup>(a)</sup> | XPLR Infrastructure Operating Partners LP, 8.38%, 01/15/2031 <sup>(a)</sup> | 50000 | 52427 |
|  |  |  | 8416010 |
| **TOTAL CORPORATE BONDS** (Cost $143,347,069) | **TOTAL CORPORATE BONDS** (Cost $143,347,069) |  | 149742392 |
| **COLLATERALIZED LOAN OBLIGATIONS - 3.6%** | **COLLATERALIZED LOAN OBLIGATIONS - 3.6%** | **Par** | **Value**  |
|  Aqueduct European CLO, A Series 2024-10X, Class A, 3.30% (3 mo. EURIBOR + 1.28%), 01/18/2039 | Aqueduct European CLO, A Series 2024-10X, Class A, 3.30% (3 mo. EURIBOR + 1.28%), 01/18/2039 | 1000000 | 1175012 |
|  Ares European CLO, A Series 21X, Class A, 3.67% (3 mo. EURIBOR + 1.22%), 04/15/2038 | Ares European CLO, A Series 21X, Class A, 3.67% (3 mo. EURIBOR + 1.22%), 04/15/2038 | 700000 | 821409 |
|  Avoca CLO, A1 Series 32X, Class A1, 3.33% (3 mo. EURIBOR + 1.17%), 04/15/2039 | Avoca CLO, A1 Series 32X, Class A1, 3.33% (3 mo. EURIBOR + 1.17%), 04/15/2039 | 700000 | 821184 |
|  Blackrock European Clo XIII DAC, A Series 15X, Class A, 3.24% (3 mo. EURIBOR + 1.29%), 01/28/2038 | Blackrock European Clo XIII DAC, A Series 15X, Class A, 3.24% (3 mo. EURIBOR + 1.29%), 01/28/2038 | 1700000 | 1998913 |
|  Ravensdale Park CLO, A Series 1X, Class A, 3.11% (3 mo. EURIBOR + 1.17%), 04/25/2038 | Ravensdale Park CLO, A Series 1X, Class A, 3.11% (3 mo. EURIBOR + 1.17%), 04/25/2038 | 300000 | 351750 |
|  RRE Loan Management, A1 Series 24X, Class A1, 3.53% (3 mo. EURIBOR + 1.16%), 04/15/2040 | RRE Loan Management, A1 Series 24X, Class A1, 3.53% (3 mo. EURIBOR + 1.16%), 04/15/2040 | 700000 | 821560 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $5,382,371) | **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $5,382,371) |  | 5989828 |
| **CONVERTIBLE BONDS - 2.9%** | **CONVERTIBLE BONDS - 2.9%** | **Par** | **Value**  |
| **Banking - 2.9%** | **Banking - 2.9%** | **Banking - 2.9%** |  |
|  ABN AMRO Bank NV, 5.13% to 02/22/2028 then 5 yr. Swap Rate EUR + 2.45%, 02/22/2033 | ABN AMRO Bank NV, 5.13% to 02/22/2028 then 5 yr. Swap Rate EUR + 2.45%, 02/22/2033 | 500000 | 613576 |
|  Bank of Ireland Group PLC, 4.75% to 08/10/2029 then 5 yr. Swap Rate EUR + 1.85%, 08/10/2034 | Bank of Ireland Group PLC, 4.75% to 08/10/2029 then 5 yr. Swap Rate EUR + 1.85%, 08/10/2034 | 330000 | 404070 |
|  CaixaBank SA, 6.13% to 05/30/2029 then 5 yr. Swap Rate EUR + 3.00%, 05/30/2034 | CaixaBank SA, 6.13% to 05/30/2029 then 5 yr. Swap Rate EUR + 3.00%, 05/30/2034 | 800000 | 1023235 |
|  ING Groep NV, 1.00% to 11/16/2027 then 5 yr. Swap Rate EUR + 1.15%, 11/16/2032 | ING Groep NV, 1.00% to 11/16/2027 then 5 yr. Swap Rate EUR + 1.15%, 11/16/2032 | 600000 | 679551 |
|  Lloyds Banking Group PLC, 1.99% to 12/15/2026 then UK Government Bonds 5 Year Note Generic Bid Yield + 1.60%, 12/15/2031 | Lloyds Banking Group PLC, 1.99% to 12/15/2026 then UK Government Bonds 5 Year Note Generic Bid Yield + 1.60%, 12/15/2031 | 730000 | 955096 |
|  NatWest Group PLC, 3.72% to 02/25/2030 then 5 yr. Swap Rate EUR + 1.40%, 02/25/2035 | NatWest Group PLC, 3.72% to 02/25/2030 then 5 yr. Swap Rate EUR + 1.40%, 02/25/2035 | 150000 | 176859 |
|  Piraeus Bank SA, 4.63% to 07/17/2028 then EURIBOR ICE Swap Rate + 1.72%, 07/17/2029 | Piraeus Bank SA, 4.63% to 07/17/2028 then EURIBOR ICE Swap Rate + 1.72%, 07/17/2029 | 225000 | 276704 |
|  Standard Chartered PLC, 1.20% to 09/23/2026 then 5 yr. Swap Rate EUR + 1.55%, 09/23/2031 | Standard Chartered PLC, 1.20% to 09/23/2026 then 5 yr. Swap Rate EUR + 1.55%, 09/23/2031 | 580000 | 670041 |
|  |  |  | 4799132 |
| **TOTAL CONVERTIBLE BONDS** (Cost $4,387,824) | **TOTAL CONVERTIBLE BONDS** (Cost $4,387,824) |  | 4799132 |
| **BANK LOANS - 0.0%<sup>(c)</sup>** | **BANK LOANS - 0.0%<sup>(c)</sup>** | **Par** | **Value**  |
| **Software - 0.0%<sup>(c)</sup>** | **Software - 0.0%<sup>(c)</sup>** | **Software - 0.0%<sup>(c)</sup>** |  |
|  Constant Contact, Inc., First Lien, 8.58% (3 mo. Term SOFR + 4.00%), 02/10/2028 | Constant Contact, Inc., First Lien, 8.58% (3 mo. Term SOFR + 4.00%), 02/10/2028 | 12 | 11 |
| **TOTAL BANK LOANS** (Cost $12) | **TOTAL BANK LOANS** (Cost $12) |  | 11 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |  |
| **MONEY MARKET FUNDS - 2.4%** | **MONEY MARKET FUNDS - 2.4%** | **Shares** | **Value**  |
| First American Treasury Obligations Fund - Class X, 4.02%<sup>(d)</sup> | First American Treasury Obligations Fund - Class X, 4.02%<sup>(d)</sup> | 4029195 | 4029195 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $4,029,195) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $4,029,195) |  | 4029195 |
| **TOTAL INVESTMENTS - 99.1% (**Cost $157,146,471**)** | **TOTAL INVESTMENTS - 99.1% (**Cost $157,146,471**)** |  | 164560558 |
| Other Assets in Excess of Liabilities - 0.9% | Other Assets in Excess of Liabilities - 0.9% |  | &nbsp;&nbsp;&nbsp;&nbsp; 1438314 |
| **TOTAL NET ASSETS - 100.0%** | 0.0% | 0.0% | 165998872 |
| two | two | two | –% |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

---

| |
|:---|
| CMT - Constant Maturity Treasury |
| EURIBOR - Euro Interbank Offered Rate |
| GMTN - Global Medium-Term Note |
| LLC - Limited Liability Company |
| LP - Limited Partnership |
| PJSC - Public Joint Stock Company |
| PLC - Public Limited Company |
| SOFR - Secured Overnight Financing Rate |
| CHF - Swiss Franc |
| EUR - Euro |
| GBP - British Pound |

---

(a) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of September 30, 2025, the value of these securities total $47,654,920 or 28.7% of the Fund's net assets.

(b) Step coupon bond. The rate disclosed is as of September 30, 2025.

(c) Represents less than 0.05% of net assets.

(d) The rate shown represents the 7-day annualized yield as of September 30, 2025.

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** |
| **Schedule of Futures Contracts** | **Schedule of Futures Contracts** | **Schedule of Futures Contracts** | **Schedule of Futures Contracts** | **Schedule of Futures Contracts** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **Description** | **Contracts**<br> **Purchased** | **Expiration Date** | **Notional Value** | **Value / Unrealized**<br> **Appreciation** <br> (Depreciation) |
| &nbsp;&nbsp;&nbsp;&nbsp;Euro-Bund | 15 | 12/08/2025 | $2264221 | $(1451) |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | $(1451) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** |
| **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **Counterparty** | **Settlement Date** | **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Unrealized** <br> **Appreciation**<br> (Depreciation) |
| U.S. Bancorp Investments, Inc. | 12/10/2025 | USD | 506420 | CHF | 400000 | $(393) |
| U.S. Bancorp Investments, Inc. | 12/10/2025 | USD | 48253392 | EUR | 41000000 | (83818) |
| U.S. Bancorp Investments, Inc. | 12/10/2025 | USD | 7044300 | GBP | 5200000 | 50004 |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | $(34207) |
| CHF - Swiss Franc | CHF - Swiss Franc | CHF - Swiss Franc | CHF - Swiss Franc | CHF - Swiss Franc | CHF - Swiss Franc | CHF - Swiss Franc |
| EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro |
| GBP - British Pound | GBP - British Pound | GBP - British Pound | GBP - British Pound | GBP - British Pound | GBP - British Pound | GBP - British Pound |
| USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar |

---

------

#### Summary of Fair Value Disclosure as of September 30, 2025 (Unaudited)
Muzinich Dynamic Income Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $149742392 | $– | $149742392 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 5989828 | – | 5989828 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Convertible Bonds | – | 4799132 | – | 4799132 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 11 | – | 11 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 4029195 | – | – | 4029195 |
| Total Investments | $4029195 | $160531363 | $– | $164560558 |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward Currency Contracts\* | $– | $50004 | $– | $50004 |
| Total Other Financial Instruments | $– | $50004 | $– | $50004 |
| **Liabilities:** |  |  |  |  |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward Currency Contracts\* | $– | $(84211) | $– | $(84211) |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures Contracts\* | (1451) | – | – | (1451) |
| Total Other Financial Instruments | $(1451) | $(84211) | $– | $(85662) |
| \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of September 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of September 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of September 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of September 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of September 30, 2025. |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Professionally Managed Portfolios

- **b. Investment Company Act file number:** 811-05037

- **c. CIK number of Registrant:** 0000811030

- **d. LEI of Registrant:** 254900BPISCYGRJD2727

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

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 414-516-1523

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

- **a. Name of Series:** Muzinich Dynamic Income Fund

- **b. EDGAR series identifier (if any):** S000036430

- **c. LEI of Series:** 549300O2AV4E7LEYJX07

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $168057482.96

**Total Liabilities:** $3178345.27

**Net Assets:** $164879137.69

**Delayed Delivery Securities:** $1898707.00

**Cash Not Reported:** $994928.48

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 362.730338000000 | **1-Year:** 6779.215144000000 | **5-Year:** 18644.308770000000 | **10-Year:** 17798.862997000000 | **30-Year:** 9958.536402000000

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

- **3-Month:** 1967.868801000000 | **1-Year:** 8675.801885000000 | **5-Year:** 5097.618757000000 | **10-Year:** 1534.304965000000 | **30-Year:** 87.874598000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000111442 | 0.51%                | 0.91%                | 0.79%                |
| Class ID C000111443 | 0.51%                | 0.91%                | 0.93%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $587561.25               | $-2382495.80                               |
| Month 2  | $188146.50               | $1823029.97                                |
| Month 3  | $547701.92               | $438970.16                                 |

**Designated Index Information**

- **Index Name:** Fund's Securities Portfolio

- **Index Identifier:** JT3S360ILK

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AMERICAN AXLE & MFG INC        | American Axle & Manufacturing Inc                                               | CUSIP: 02406PBC3<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199696.74    | 0.12%             | 2032-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC        | American Axle & Manufacturing Inc                                               | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    225000 | PA      | $226810.70    | 0.14%             | 2033-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP            | American Tower Corp                                                             | CUSIP: 03027XCH1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    650000 | PA      | $675721.07    | 0.41%             | 2034-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS L       | Amneal Pharmaceuticals LLC                                                      | CUSIP: 03168LAA3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77704.20     | 0.05%             | 2032-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                  | Amphenol Corp                                                                   | CUSIP: 032095AL5<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    425000 | PA      | $377444.81    | 0.23%             | 2031-09-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| AMSTED INDUSTRIES              | Amsted Industries Inc                                                           | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |    250000 | PA      | $256808.50    | 0.16%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ANGLOGOLD HOLDINGS PLC         | AngloGold Ashanti Holdings PLC                                                  | CUSIP: 03512TAB7<br>LEI: 213800745ZIXC4L6A131 | Long             | DBT              | CORP              | IM        |    400000 | PA      | $423759.16    | 0.26%             | 2040-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ANGLOGOLD HOLDINGS PLC         | AngloGold Ashanti Holdings PLC                                                  | CUSIP: 03512TAE1<br>LEI: 213800745ZIXC4L6A131 | Long             | DBT              | CORP              | IM        |    400000 | PA      | $381799.90    | 0.23%             | 2030-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD       | Avolon Holdings Funding Ltd                                                     | CUSIP: 05401ABA8<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    525000 | PA      | $528295.84    | 0.32%             | 2030-10-10      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC            | Axon Enterprise Inc                                                             | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154750.33    | 0.09%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                 | Azorra Finance Ltd                                                              | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    250000 | PA      | $260935.53    | 0.16%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BACARDI LTD / MARTINI BV       | Bacardi Ltd / Bacardi-Martini BV                                                | CUSIP: 05635JAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    475000 | PA      | $485094.77    | 0.29%             | 2029-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BANCOLOMBIA SA                 | Bancolombia SA                                                                  | CUSIP: 05968LAK8<br>LEI: 54930052NWJRPNMP1W58 | Long             | DBT              | CORP              | CO        |    500000 | PA      | $516324.00    | 0.31%             | 2027-10-18      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| BEACON MOBILITY CORP           | Beacon Mobility Corp                                                            | CUSIP: 073644AA4<br>LEI: 254900EBTYFG24UQEM31 | Long             | DBT              | CORP              | US        |    275000 | PA      | $286104.32    | 0.17%             | 2030-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC               | Berry Global Inc                                                                | CUSIP: 08576PAQ4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    375000 | PA      | $391024.86    | 0.24%             | 2034-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC       | Boost Newco Borrower LLC                                                        | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |    925000 | PA      | $981975.38    | 0.60%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC51<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    325000 | PA      | $337132.57    | 0.20%             | 2056-01-28      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GYJ7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    825000 | PA      | $736687.03    | 0.45%             | 2032-07-21      | Variable      | 2.38%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA        | Hyundai Capital America                                                         | CUSIP: 44891AEA1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    225000 | PA      | $224070.01    | 0.14%             | 2030-09-18      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN          | Icahn Enterprises LP / Icahn Enterprises Finance Corp                           | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $786479.68    | 0.48%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INDIAN RAILWAY FINANCE         | Indian Railway Finance Corp Ltd                                                 | CUSIP: 45434M2H4<br>LEI: 335800F2JHSOGXQEBY56 | Long             | DBT              | CORP              | IN        |    850000 | PA      | $807378.62    | 0.49%             | 2032-01-21      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC             | Ingersoll Rand Inc                                                              | CUSIP: 45687VAF3<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |    300000 | PA      | $313020.04    | 0.19%             | 2034-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| INSIGHT ENTERPRS               | Insight Enterprises Inc                                                         | CUSIP: 45765UAC7<br>LEI: 529900S8991TYW6YP792 | Long             | DBT              | CORP              | US        |    350000 | PA      | $359271.15    | 0.22%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                     | Intel Corp                                                                      | CUSIP: 458140CF5<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    375000 | PA      | $386057.59    | 0.23%             | 2030-02-10      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MARS INC                       | Mars Inc                                                                        | CUSIP: 571676BC8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    475000 | PA      | $481550.74    | 0.29%             | 2055-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| MASTEC INC                     | MasTec Inc                                                                      | CUSIP: 576323AP4<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |    190000 | PA      | $189715.74    | 0.12%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                | McDonald's Corp                                                                 | CUSIP: 58013MGA6<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    400000 | PA      | $405492.48    | 0.25%             | 2035-03-03      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD            | NCL Corp Ltd                                                                    | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    725000 | PA      | $745829.69    | 0.45%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD            | NCL Corp Ltd                                                                    | CUSIP: 62886HBY6<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    350000 | PA      | $350123.83    | 0.21%             | 2031-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC              | Newell Brands Inc                                                               | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    350000 | PA      | $371014.70    | 0.23%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE        | Nissan Motor Acceptance Co LLC                                                  | CUSIP: 65480CAL9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300106.77    | 0.18%             | 2030-09-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                   | Novelis Corp                                                                    | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155665.95    | 0.09%             | 2030-01-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                      | Block Inc                                                                       | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128090.31    | 0.08%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                      | Sunoco LP                                                                       | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    400000 | PA      | $397364.06    | 0.24%             | 2031-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                      | Sunoco LP                                                                       | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    275000 | PA      | $272797.68    | 0.17%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SUZANO AUSTRIA GMBH            | Suzano Austria GmbH                                                             | CUSIP: 86964WAJ1<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |    900000 | PA      | $852723.18    | 0.52%             | 2031-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC               | T-Mobile USA Inc                                                                | CUSIP: 87264ACY9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    700000 | PA      | $715113.34    | 0.43%             | 2033-07-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC               | T-Mobile USA Inc                                                                | CUSIP: 87264ADB8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    725000 | PA      | $725792.77    | 0.44%             | 2054-01-15      | Fixed         | 5.75%                 | 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        |    250000 | PA      | $248905.23    | 0.15%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN        | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                    | CUSIP: 87470LAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $321304.80    | 0.19%             | 2030-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP           | Targa Resources Corp                                                            | CUSIP: 87612GAF8<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    450000 | PA      | $490619.91    | 0.30%             | 2034-03-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TEGNA INC                      | TEGNA Inc                                                                       | CUSIP: 87901JAH8<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |    325000 | PA      | $323468.41    | 0.20%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEGNA INC                      | TEGNA Inc                                                                       | CUSIP: 87901JAJ4<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |    550000 | PA      | $543826.91    | 0.33%             | 2028-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                     | Terex Corp                                                                      | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |    350000 | PA      | $356832.88    | 0.22%             | 2032-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TOPBUILD CORP                  | TopBuild Corp                                                                   | CUSIP: 89055FAD5<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249585.62    | 0.15%             | 2034-01-31      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GOLD FIELDS OROGEN HOLD        | Gold Fields Orogen Holdings BVI Ltd                                             | CUSIP: ZS5391108<br>LEI: 213800CLGJ2E9KGU2F20 | Long             | DBT              | CORP              | VG        |    985000 | PA      | $1033346.96   | 0.63%             | 2029-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BPCE SA                        | BPCE SA                                                                         | CUSIP: BR7719148<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $462287.28    | 0.28%             | 2042-01-13      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                   | ING Groep NV                                                                    | CUSIP: BS3787675<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    600000 | PA      | $679551.29    | 0.41%             | 2032-11-16      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| BAYERISCHE LANDESBANK          | Bayerische Landesbank                                                           | CUSIP: BQ0610080<br>LEI: VDYMYTQGZZ6DU0912C88 | Long             | DBT              | CORP              | DE        |    600000 | PA      | $693080.07    | 0.42%             | 2031-09-23      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY        | Nationwide Building Society                                                     | CUSIP: ZB3115639<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    550000 | PA      | $669631.43    | 0.41%             | 2034-04-16      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| NATIONAL CENTRAL COOLING       | National Central Cooling Co PJSC                                                | CUSIP: ZO9466376<br>LEI: 254900E7M1Y3DXGQ1283 | Long             | DBT              | CORP              | AE        |    650000 | PA      | $625619.31    | 0.38%             | 2027-10-21      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| TIKEHAU CAPITAL SCA            | Tikehau Capital SCA                                                             | CUSIP: YQ8309243<br>LEI: 969500BY8TEU16U3SJ94 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $480410.13    | 0.29%             | 2031-04-08      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MATTERHORN TELECOM SA          | Matterhorn Telecom SA                                                           | CUSIP: ZJ7191357<br>LEI: 549300MTB0YI26SMUT22 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $518057.21    | 0.31%             | 2028-07-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ZURICH FINANCE IRELAND         | Zurich Finance Ireland Designated Activity Co                                   | CUSIP: BY4737247<br>LEI: 549300E0FVHYR37EGX65 | Long             | DBT              | CORP              | IE        |    300000 | PA      | $397131.81    | 0.24%             | 2052-11-23      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| BANCO BPM SPA                  | Banco BPM SpA                                                                   | CUSIP: YV5288548<br>LEI: 815600E4E6DCD2D25E30 | Long             | DBT              | CORP              | IT        |    690000 | PA      | $833270.29    | 0.51%             | 2030-09-09      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| INDOFOOD CBP SUKSES MAKM       | Indofood CBP Sukses Makmur Tbk PT                                               | CUSIP: BP8908371<br>LEI: 254900YKZW9GRKZZN285 | Long             | DBT              | CORP              | ID        |    860000 | PA      | $800965.41    | 0.49%             | 2031-06-09      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| TELEPERFORMANCE                | Teleperformance SE                                                              | CUSIP: ZG1108833<br>LEI: 9695004GI61FHFFNRG61 | Long             | DBT              | CORP              | FR        |    700000 | PA      | $891501.24    | 0.54%             | 2031-11-22      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BANCO DE SABADELL SA           | Banco de Sabadell SA                                                            | CUSIP: BS3554588<br>LEI: SI5RG2M0WQQLZCXKRM20 | Long             | DBT              | CORP              | ES        |    600000 | PA      | $712811.98    | 0.43%             | 2027-05-19      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC              | NatWest Group PLC                                                               | CUSIP: YR6316792<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    150000 | PA      | $176859.00    | 0.11%             | 2035-02-25      | Variable      | 3.72%                 | No            |                  2 | On Loan: No      |
| INT DISTRIBUTION SERV          | International Distribution Services PLC                                         | CUSIP: ZI7127528<br>LEI: 213800TCZZU84G8Z2M70 | Long             | DBT              | CORP              | GB        |    660000 | PA      | $952171.26    | 0.58%             | 2030-09-14      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BAYER AG                       | Bayer AG                                                                        | CUSIP: ZH0180542<br>LEI: 549300J4U55H3WP1XT59 | Long             | DBT              | CORP              | DE        |    500000 | PA      | $644422.24    | 0.39%             | 2083-09-25      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS BV          | BP Capital Markets BV                                                           | CUSIP: ZK5584881<br>LEI: 7245003VD7E4T30HJD24 | Long             | DBT              | CORP              | NL        |    510000 | PA      | $631210.49    | 0.38%             | 2035-05-12      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| NIDDA HEALTHCARE HOLDING       | Nidda Healthcare Holding GmbH                                                   | CUSIP: YU3779730<br>LEI: 549300Q89C4WAO6L0L19 | Long             | DBT              | CORP              | DE        |    675000 | PA      | $816242.37    | 0.50%             | 2030-02-21      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| TDC NET AS                     | TDC Net A/S                                                                     | CUSIP: ZB6259624<br>LEI: 549300SH2G3R15Y3FX20 | Long             | DBT              | CORP              | DK        |    250000 | PA      | $309065.98    | 0.19%             | 2029-08-02      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| TDF INFRASTRUCTURE SAS         | TDF Infrastructure SASU                                                         | CUSIP: YU4958390<br>LEI: 969500BWNQ1B0PI06I59 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $475083.53    | 0.29%             | 2031-10-23      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP          | Bank of Ireland Group PLC                                                       | CUSIP: ZB8428458<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |    330000 | PA      | $404069.92    | 0.25%             | 2034-08-10      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| TAG IMMOBILIEN AG              | TAG Immobilien AG                                                               | CUSIP: YV3496887<br>LEI: 529900TAE68USJNXLR59 | Long             | DBT              | CORP              | DE        |    300000 | PA      | $364809.25    | 0.22%             | 2030-03-04      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TDF INFRASTRUCTURE SAS         | TDF Infrastructure SASU                                                         | CUSIP: YM0828405<br>LEI: 969500BWNQ1B0PI06I59 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $586818.14    | 0.36%             | 2030-12-16      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY        | Nationwide Building Society                                                     | CUSIP: YP8902650<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $238906.67    | 0.14%             | 2035-07-30      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL         | Banque Federative du Credit Mutuel SA                                           | CUSIP: YS4875425<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    600000 | PA      | $713839.59    | 0.43%             | 2035-01-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME         | Blue Owl Credit Income Corp                                                     | CUSIP: YL8204866<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    600000 | PA      | $705415.20    | 0.43%             | 2031-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TECHEM VERWALTUNGSGESELL       | Techem Verwaltungsgesellschaft 675 mbH                                          | CUSIP: YN6842291<br>LEI: 529900N0M7FQHNAV1A41 | Long             | DBT              | CORP              | DE        |    250000 | PA      | $294513.61    | 0.18%             | 2032-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BARRY CALLEBAUT SVCS NV        | Barry Callebaut Services NV                                                     | CUSIP: YR4094805<br>LEI: 213800R1F1EJYM4ICO85 | Long             | DBT              | CORP              | BE        |    100000 | PA      | $120138.56    | 0.07%             | 2031-08-19      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BARRY CALLEBAUT SVCS NV        | Barry Callebaut Services NV                                                     | CUSIP: YR4094797<br>LEI: 213800R1F1EJYM4ICO85 | Long             | DBT              | CORP              | BE        |    200000 | PA      | $238293.06    | 0.14%             | 2028-02-19      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| STUDIO CITY CO LTD             | Studio City Co Ltd                                                              | CUSIP: BU3356989<br>LEI: 984500V5401EFT095A58 | Long             | DBT              | CORP              | VG        |    750000 | PA      | $756020.25    | 0.46%             | 2027-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS         | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX    | CUSIP: ZF1238137<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |    650000 | PA      | $709147.40    | 0.43%             | 2039-01-08      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| INVERSIONES CMPC SA            | Inversiones CMPC SA                                                             | CUSIP: ZJ0547191<br>LEI: 549300G475ACIABB4385 | Long             | DBT              | CORP              | CL        |    900000 | PA      | $936934.20    | 0.57%             | 2033-06-23      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NIAGARA ENERGY SAC             | Niagara Energy SAC                                                              | CUSIP: YU1133518<br>LEI: 254900V9UGCG42YQ6848 | Long             | DBT              | CORP              | PE        |    500000 | PA      | $515227.42    | 0.31%             | 2034-10-03      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GOODMAN US FINANCE SIX         | Goodman US Finance Six LLC                                                      | CUSIP: YU1737243<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $429763.81    | 0.26%             | 2034-10-07      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NBM US HOLDINGS INC            | NBM US Holdings Inc                                                             | CUSIP: AZ8757330<br>LEI: 5493008K1QMSP0J8UC24 | Long             | DBT              | CORP              | US        |    600000 | PA      | $608676.77    | 0.37%             | 2029-08-06      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BlackRock European CLO DAC     | Blackrock European Clo XV Designated Activity Co                                | CUSIP: BCC3JQ8Z1<br>LEI: 635400IJBX53XCPMHB27 | Long             | ABS-CBDO         | CORP              | IE        |   1700000 | PA      | $1998912.79   | 1.21%             | 2038-01-28      | Floating      | 3.24%                 | No            |                  2 | On Loan: No      |
| BHARTI AIRTEL LTD              | Bharti Airtel Ltd                                                               | CUSIP: BO2478986<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | DBT              | CORP              | IN        |    900000 | PA      | $847564.19    | 0.51%             | 2031-06-03      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| NAVOI MINING METALLURGIC       | Navoi Mining & Metallurgical Combinat                                           | CUSIP: YU3092282<br>LEI: N/A                  | Long             | DBT              | CORP              | UZ        |    400000 | PA      | $427050.71    | 0.26%             | 2031-10-17      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP         | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPBR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $399778.88    | 0.24%             | 2026-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                   | Calpine Corp                                                                    | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    850000 | PA      | $851086.30    | 0.52%             | 2028-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CAPSTONE COPPER CORP           | Capstone Copper Corp                                                            | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $77314.88     | 0.05%             | 2033-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CARDINAL HEALTH INC            | Cardinal Health Inc                                                             | CUSIP: 14149YBS6<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |    575000 | PA      | $590885.56    | 0.36%             | 2034-11-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                  | Carnival Corp                                                                   | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    500000 | PA      | $507411.03    | 0.31%             | 2029-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                  | Carnival Corp                                                                   | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    300000 | PA      | $307689.55    | 0.19%             | 2033-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $209608.99    | 0.13%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BT0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $217782.18    | 0.13%             | 2050-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS       | Cheniere Energy Partners LP                                                     | CUSIP: 16411QAQ4<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    325000 | PA      | $344214.88    | 0.21%             | 2033-06-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS       | Cheniere Energy Partners LP                                                     | CUSIP: 16411QAV3<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    425000 | PA      | $434528.88    | 0.26%             | 2035-10-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO       | Clear Channel Outdoor Holdings Inc                                              | CUSIP: 18453HAH9<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    175000 | PA      | $183094.28    | 0.11%             | 2033-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                   | Comcast Corp                                                                    | CUSIP: 20030NEK3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    325000 | PA      | $318962.97    | 0.19%             | 2054-06-01      | Fixed         | 5.65%                 | 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              | LU        |    450000 | PA      | $473056.37    | 0.29%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CON EDISON CO OF NY INC        | Consolidated Edison Co of New York Inc                                          | CUSIP: 209111GN7<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    500000 | PA      | $495008.17    | 0.30%             | 2055-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                  | CoreWeave Inc                                                                   | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    175000 | PA      | $180974.50    | 0.11%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                  | CoreWeave Inc                                                                   | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    275000 | PA      | $282006.18    | 0.17%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| COX COMMUNICATIONS INC         | Cox Communications Inc                                                          | CUSIP: 224044CV7<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |    200000 | PA      | $185919.97    | 0.11%             | 2054-09-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CROSSCOUNTRY INTER             | CrossCountry Intermediate HoldCo LLC                                            | CUSIP: 22757VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $226071.59    | 0.14%             | 2030-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DCLI BIDCO LLC                 | Dcli Bidco LLC                                                                  | CUSIP: 233104AA6<br>LEI: 2549007UUVJTHHNK9T70 | Long             | DBT              | CORP              | US        |    475000 | PA      | $494261.73    | 0.30%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                                                                     | CUSIP: 68389XCU7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    400000 | PA      | $367468.54    | 0.22%             | 2054-09-27      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                                                                     | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    350000 | PA      | $351965.15    | 0.21%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                                                                     | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    225000 | PA      | $224046.64    | 0.14%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC        | Park River Holdings Inc                                                         | CUSIP: 70082LAC1<br>LEI: 254900PGY077KWCROT75 | Long             | DBT              | CORP              | US        |    175000 | PA      | $177499.53    | 0.11%             | 2031-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PAYCHEX INC                    | Paychex Inc                                                                     | CUSIP: 704326AA5<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |    475000 | PA      | $489007.06    | 0.30%             | 2030-04-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC          | PennyMac Financial Services Inc                                                 | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    150000 | PA      | $159298.35    | 0.10%             | 2029-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC          | PennyMac Financial Services Inc                                                 | CUSIP: 70932MAE7<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    550000 | PA      | $573184.15    | 0.35%             | 2030-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC          | PennyMac Financial Services Inc                                                 | CUSIP: 70932MAF4<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    400000 | PA      | $413551.58    | 0.25%             | 2033-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC         | Cloud Software Group Inc                                                        | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    775000 | PA      | $782617.74    | 0.47%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL               | Paramount Global                                                                | CUSIP: 92556HAB3<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    315000 | PA      | $311362.81    | 0.19%             | 2031-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE               | Coca-Cola Co/The                                                                | CUSIP: 191216DB3<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    600000 | PA      | $480057.62    | 0.29%             | 2040-03-15      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| CONTOURGLOBAL POWER HLDG       | ContourGlobal Power Holdings SA                                                 | CUSIP: YS7922406<br>LEI: 549300O5AGIFK0PQ1516 | Long             | DBT              | CORP              | LU        |    500000 | PA      | $602879.41    | 0.37%             | 2030-02-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COMMERZBANK AG                 | Commerzbank AG                                                                  | CUSIP: BR5518542<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | DBT              | CORP              | DE        |    600000 | PA      | $693746.64    | 0.42%             | 2031-12-29      | Variable      | 1.38%                 | No            |                  2 | On Loan: No      |
| CTP NV                         | CTP NV                                                                          | CUSIP: ZF6572159<br>LEI: 3157000YTVO4TN65UM14 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $620062.37    | 0.38%             | 2030-02-05      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CATHAYLIFE SINGAPORE           | Cathaylife Singapore Pte Ltd                                                    | CUSIP: YX9486615<br>LEI: 254900XS5E0JG85JTY26 | Long             | DBT              | CORP              | SG        |    850000 | PA      | $904663.30    | 0.55%             | 2034-07-05      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| P3 GROUP SARL                  | P3 Group Sarl                                                                   | CUSIP: ZF8261835<br>LEI: 529900GR62MT0O5VW110 | Long             | DBT              | CORP              | LU        |    250000 | PA      | $307127.50    | 0.19%             | 2030-02-13      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CPI PROPERTY GROUP SA          | CPI Property Group SA                                                           | CUSIP: YV8416898<br>LEI: 222100CO2ZOTEPGJO223 | Long             | DBT              | CORP              | LU        |    350000 | PA      | $420979.18    | 0.26%             | 2032-01-27      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COMMERZBANK AG                 | Commerzbank AG                                                                  | CUSIP: ZB2769915<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $123254.86    | 0.07%             | 2034-10-16      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| CURRENTA GROUP HOLDINGS        | Currenta Group Holdings Sarl                                                    | CUSIP: YO2560317<br>LEI: 222100SF79KCJKYUPE47 | Long             | DBT              | CORP              | LU        |    425000 | PA      | $512663.51    | 0.31%             | 2030-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CONSTANT CONTACT INC           | Constant Contact Inc                                                            | CUSIP: 21031HAC5<br>LEI: 2549000JW50H0AI5B946 | Long             | LON              | CORP              | US        |        12 | PA      | $10.95        | 0.00%             | 2028-02-10      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| CENCOSUD SA                    | Cencosud SA                                                                     | CUSIP: YX2895283<br>LEI: 549300NLTGCFV7482429 | Long             | DBT              | CORP              | CL        |    820000 | PA      | $862437.46    | 0.52%             | 2031-05-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CODELCO INC                    | Corp Nacional del Cobre de Chile                                                | CUSIP: ZI7610267<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    500000 | PA      | $526207.18    | 0.32%             | 2034-01-08      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CODELCO INC                    | Corp Nacional del Cobre de Chile                                                | CUSIP: ZF5270862<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    300000 | PA      | $324931.00    | 0.20%             | 2036-01-26      | Fixed         | 6.44%                 | No            |                  2 | On Loan: No      |
| PENTAIR FINANCE SARL           | Pentair Finance Sarl                                                            | CUSIP: 709629AS8<br>LEI: 549300H2U8U8TZPV3T89 | Long             | DBT              | CORP              | LU        |    375000 | PA      | $398640.15    | 0.24%             | 2032-07-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| PERRIGO FINANCE UNLIMITE       | Perrigo Finance Unlimited Co                                                    | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |    575000 | PA      | $578852.50    | 0.35%             | 2032-09-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PHINIA INC                     | Phinia Inc                                                                      | CUSIP: 71880KAA9<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |    650000 | PA      | $671246.55    | 0.41%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PHINIA INC                     | Phinia Inc                                                                      | CUSIP: 71880KAB7<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |    400000 | PA      | $412569.94    | 0.25%             | 2032-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PHOENIX AVIATION CAPITAL       | Phoenix Aviation Capital Ltd                                                    | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | IE        |    350000 | PA      | $372751.40    | 0.23%             | 2030-07-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                     | Pfizer Inc                                                                      | CUSIP: AQ4399426<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    575000 | PA      | $503798.90    | 0.31%             | 2043-06-15      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| PKO BANK POLSKI SA             | Powszechna Kasa Oszczednosci Bank Polski SA                                     | CUSIP: ZD8251401<br>LEI: P4GTT6GF1W40CVIMFR43 | Long             | DBT              | CORP              | PL        |    550000 | PA      | $661346.26    | 0.40%             | 2028-03-27      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                    | PepsiCo Inc                                                                     | CUSIP: 713448GG7<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    300000 | PA      | $347375.28    | 0.21%             | 2055-07-28      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| PIRAEUS BANK SA                | Piraeus Bank SA                                                                 | CUSIP: YW2941840<br>LEI: 213800OYHR1MPQ5VJL60 | Long             | DBT              | CORP              | GR        |    225000 | PA      | $276704.25    | 0.17%             | 2029-07-17      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| PINEWOOD FINCO PLC             | Pinewood Finco PLC                                                              | CUSIP: ZD6875615<br>LEI: 984500EF3F7CA63ND769 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $406754.32    | 0.25%             | 2030-03-27      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                | CVS Health Corp                                                                 | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    550000 | PA      | $568555.35    | 0.34%             | 2054-12-10      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| PSEG POWER LLC                 | PSEG Power LLC                                                                  | CUSIP: 69362BBE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $785115.99    | 0.48%             | 2035-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PVH CORP                       | PVH Corp                                                                        | CUSIP: 693656AE0<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203884.97    | 0.12%             | 2030-06-13      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC          | Qnity Electronics Inc                                                           | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    325000 | PA      | $327925.27    | 0.20%             | 2032-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE          | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    475000 | PA      | $504831.90    | 0.31%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund                                        | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |   4034032 | NS      | $4034032.06   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPAND ENERGY CORP             | Expand Energy Corp                                                              | CUSIP: 845467AT6<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    600000 | PA      | $590044.65    | 0.36%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS         | Verizon Communications Inc                                                      | CUSIP: 92343VGT5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    400000 | PA      | $409461.00    | 0.25%             | 2033-05-09      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY PARTNERS LL       | Viper Energy Partners LLC                                                       | CUSIP: 92764MAA2<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252061.65    | 0.15%             | 2030-08-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| VIA OUTLETS BV                 | VIA Outlets BV                                                                  | CUSIP: BS2533815<br>LEI: 2594009AT1MND8D7E216 | Long             | DBT              | CORP              | NL        |    495000 | PA      | $560095.08    | 0.34%             | 2028-11-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CZECHOSLOVAK GROUP             | Czechoslovak Group AS                                                           | CUSIP: YN6489796<br>LEI: 315700SWFD7G70AVG768 | Long             | DBT              | CORP              | CZ        |    675000 | PA      | $824162.23    | 0.50%             | 2031-01-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI       | Standard Building Solutions Inc                                                 | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    775000 | PA      | $796115.91    | 0.48%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FINANCIAL SER       | Stellantis Financial Services US Corp                                           | CUSIP: 85855FAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $275770.79    | 0.17%             | 2030-09-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| PRYSMIAN SPA                   | Prysmian SpA                                                                    | CUSIP: YT3439700<br>LEI: 529900X0H1IO3RS1A464 | Long             | DBT              | CORP              | IT        |    290000 | PA      | $347078.94    | 0.21%             | 2028-11-28      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| DAI-ICHI LIFE INSURANCE        | Dai-ichi Life Insurance Co Ltd/The                                              | CUSIP: YS4067668<br>LEI: 3538001235ACEIORUV72 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $208025.80    | 0.13%             | 2035-01-16      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC         | Standard Chartered PLC                                                          | CUSIP: BO6068908<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    580000 | PA      | $670041.08    | 0.41%             | 2031-09-23      | Variable      | 1.20%                 | No            |                  2 | On Loan: No      |
| FIRST ABU DHABI BANK PJS       | First Abu Dhabi Bank PJSC                                                       | CUSIP: ZH0992771<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | DBT              | CORP              | AE        |    750000 | PA      | $781586.25    | 0.47%             | 2034-04-04      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| DAE FUNDING LLC                | DAE Funding LLC                                                                 | CUSIP: BN5056963<br>LEI: 635400SZTPQL3Y1P2C76 | Long             | DBT              | CORP              | US        |    900000 | PA      | $871998.06    | 0.53%             | 2028-03-20      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| FLORA FOOD MANAGEMENT BV       | Flora Food Management BV                                                        | CUSIP: YX8021272<br>LEI: 2549002VGA888UKFKS25 | Long             | DBT              | CORP              | NL        |    600000 | PA      | $705604.61    | 0.43%             | 2029-07-02      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| STEDIN HOLDING NV              | Stedin Holding NV                                                               | CUSIP: YR2017774<br>LEI: 724500R5IP6TFKTNRU48 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $288368.06    | 0.17%             | 2037-02-12      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| TRANE TECH FIN LTD             | Trane Technologies Financing Ltd                                                | CUSIP: 892938AB7<br>LEI: 549300A5OEF3CJI2CO89 | Long             | DBT              | CORP              | IE        |    300000 | PA      | $308388.06    | 0.19%             | 2034-06-13      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                  | TransDigm Inc                                                                   | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    500000 | PA      | $515333.40    | 0.31%             | 2032-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| TRINET GROUP INC               | TriNet Group Inc                                                                | CUSIP: 896288AC1<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |    400000 | PA      | $413524.80    | 0.25%             | 2031-08-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC          | Uber Technologies Inc                                                           | CUSIP: 90353TAU4<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    475000 | PA      | $471269.68    | 0.29%             | 2035-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| US ACUTE CARE SOLUTIONS        | US Acute Care Solutions LLC                                                     | CUSIP: 90367UAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $384056.63    | 0.23%             | 2029-05-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE          | United Parcel Service Inc                                                       | CUSIP: 911312CE4<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    400000 | PA      | $396969.70    | 0.24%             | 2054-05-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM        | United Rentals North America Inc                                                | CUSIP: 911365BQ6<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    550000 | PA      | $566798.10    | 0.34%             | 2029-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS INC               | Vail Resorts Inc                                                                | CUSIP: 91879QAQ2<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251718.75    | 0.15%             | 2030-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                  | ZF North America Capital Inc                                                    | CUSIP: 98877DAH8<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    400000 | PA      | $397438.31    | 0.24%             | 2031-03-24      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                  | UniCredit SpA                                                                   | CUSIP: BG0391683<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |    500000 | PA      | $579957.44    | 0.35%             | 2027-06-03      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| TRIODOS BANK NV                | Triodos Bank NV                                                                 | CUSIP: YV5085209<br>LEI: 724500PMK2A2M1SQQ228 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $487429.59    | 0.30%             | 2029-09-12      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES SE               | TotalEnergies SE                                                                | CUSIP: YT1875624<br>LEI: 529900S21EQ1BO4ESM68 | Long             | DBT              | CORP              | FR        |    575000 | PA      | $687554.53    | 0.42%             | 2029-11-19      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                  | UniCredit SpA                                                                   | CUSIP: AN9410704<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |    600000 | PA      | $609629.48    | 0.37%             | 2032-06-19      | Variable      | 5.86%                 | No            |                  2 | On Loan: No      |
| TRUST FIBRAUNO                 | Trust Fibra Uno                                                                 | CUSIP: AZ3324599<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    200000 | PA      | $196244.34    | 0.12%             | 2030-01-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC       | Warnermedia Holdings Inc                                                        | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    200000 | PA      | $192917.00    | 0.12%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| VOC ESCROW LTD                 | VOC Escrow Ltd                                                                  | CUSIP: 91832VAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    400000 | PA      | $399210.52    | 0.24%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA FINANCE PLC       | Virgin Media Finance PLC                                                        | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |    425000 | PA      | $395086.07    | 0.24%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/VM HOLDS        | VistaJet Malta Finance PLC / Vista Management Holding Inc                       | CUSIP: 92840JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | MT        |    775000 | PA      | $787340.33    | 0.48%             | 2027-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co LLC                                                        | CUSIP: 92840VAQ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    500000 | PA      | $558423.50    | 0.34%             | 2033-10-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC              | Waste Pro USA Inc                                                               | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77863.35     | 0.05%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC         | WESCO Distribution Inc                                                          | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77800.36     | 0.05%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE         | Westinghouse Air Brake Technologies Corp                                        | CUSIP: 960386AS9<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    450000 | PA      | $460260.85    | 0.28%             | 2030-05-29      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                 | Whirlpool Corp                                                                  | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    225000 | PA      | $226877.51    | 0.14%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                 | Whirlpool Corp                                                                  | CUSIP: 963320BE5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    300000 | PA      | $299542.11    | 0.18%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC          | Williams Scotsman Inc                                                           | CUSIP: 96949VAN3<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    225000 | PA      | $231746.18    | 0.14%             | 2030-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN INTL FIN NV         | Volkswagen International Finance NV                                             | CUSIP: AT2144349<br>LEI: 5299004PWNHKYTR23649 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $119205.69    | 0.07%             | 2028-06-27      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN               | Vmed O2 UK Financing I PLC                                                      | CUSIP: ZO3886223<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    650000 | PA      | $836239.97    | 0.51%             | 2029-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN INTL FIN NV         | Volkswagen International Finance NV                                             | CUSIP: AN8803263<br>LEI: 5299004PWNHKYTR23649 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $234911.30    | 0.14%             | 2027-06-14      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| VIVO ENERGY INVESTMENTS        | Vivo Energy Investments BV                                                      | CUSIP: ZO5275573<br>LEI: 724500P3OXMB2IERLM56 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $399531.86    | 0.24%             | 2027-09-24      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| AT&T INC                       | AT&T Inc                                                                        | CUSIP: 00206RNE8<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    600000 | PA      | $593059.24    | 0.36%             | 2054-11-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS         | Adient Global Holdings Ltd                                                      | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    275000 | PA      | $284728.05    | 0.17%             | 2033-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS             | Advance Auto Parts Inc                                                          | CUSIP: 00751YAK2<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128777.10    | 0.08%             | 2030-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    575000 | PA      | $616546.02    | 0.37%             | 2030-09-30      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MBQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    250000 | PA      | $258259.48    | 0.16%             | 2056-01-31      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS          | Bread Financial Holdings Inc                                                    | CUSIP: 018581AP3<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |     50000 | PA      | $53408.70     | 0.03%             | 2029-03-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER       | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $413570.80    | 0.25%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO        | Allied Universal Holdco LLC                                                     | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    700000 | PA      | $734682.20    | 0.45%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC             | Ally Financial Inc                                                              | CUSIP: 02005NBZ2<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    325000 | PA      | $332813.72    | 0.20%             | 2029-05-15      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC           | Alpha Generation LLC                                                            | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    550000 | PA      | $568530.05    | 0.34%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC          | Civitas Resources Inc                                                           | CUSIP: 097793AE3<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    400000 | PA      | $398392.64    | 0.24%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                   | Broadcom Inc                                                                    | CUSIP: 11135FBL4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    375000 | PA      | $342224.59    | 0.21%             | 2034-04-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                   | Broadcom Inc                                                                    | CUSIP: 11135FBP5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    525000 | PA      | $454446.83    | 0.28%             | 2035-11-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP            | Buckeye Partners LP                                                             | CUSIP: 118230AW1<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    175000 | PA      | $181904.28    | 0.11%             | 2030-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN       | Burford Capital Global Finance LLC                                              | CUSIP: 12116LAG4<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    425000 | PA      | $433011.25    | 0.26%             | 2033-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA BUYER/ATLANTI       | California Buyer Ltd / Atlantica Sustainable Infrastructure PLC                 | CUSIP: 13005HAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    475000 | PA      | $487168.55    | 0.30%             | 2032-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN       | Clarios Global LP / Clarios US Finance Co                                       | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $155070.75    | 0.09%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO       | Clear Channel Outdoor Holdings Inc                                              | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    225000 | PA      | $232831.77    | 0.14%             | 2031-02-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC               | DT Midstream Inc                                                                | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    475000 | PA      | $463476.64    | 0.28%             | 2029-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP        | Dell International LLC / EMC Corp                                               | CUSIP: 24703DBF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $115008.60    | 0.07%             | 2041-12-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP        | Dell International LLC / EMC Corp                                               | CUSIP: 24703DBT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $298851.17    | 0.18%             | 2032-10-06      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| EQT CORP                       | EQT Corp                                                                        | CUSIP: 26884LAX7<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    175000 | PA      | $175112.28    | 0.11%             | 2029-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EQT CORP                       | EQT Corp                                                                        | CUSIP: 26884LBD0<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    647000 | PA      | $646184.84    | 0.39%             | 2031-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                              | CUSIP: 29273VBF6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    325000 | PA      | $326745.34    | 0.20%             | 2055-04-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER       | Enterprise Products Operating LLC                                               | CUSIP: 29379VCH4<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    575000 | PA      | $569226.37    | 0.35%             | 2055-02-16      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                                        | CUSIP: 345397B36<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    550000 | PA      | $513392.78    | 0.31%             | 2030-11-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS        | FTAI Aviation Investors LLC                                                     | CUSIP: 34960PAG6<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    775000 | PA      | $811707.10    | 0.49%             | 2032-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FORTRESS INTERMEDIATE          | Fortress Intermediate 3 Inc                                                     | CUSIP: 34966MAA0<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | DBT              | CORP              | US        |    950000 | PA      | $995977.15    | 0.60%             | 2031-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC          | Foundry JV Holdco LLC                                                           | CUSIP: 350930AC7<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    525000 | PA      | $561718.28    | 0.34%             | 2032-01-25      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC          | Foundry JV Holdco LLC                                                           | CUSIP: 350930AF0<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    250000 | PA      | $259675.39    | 0.16%             | 2031-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC          | Foundry JV Holdco LLC                                                           | CUSIP: 350930AH6<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    425000 | PA      | $452032.95    | 0.27%             | 2036-01-25      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD          | Freedom Mortgage Holdings LLC                                                   | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    125000 | PA      | $131122.50    | 0.08%             | 2032-04-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS        | Frontier Communications Holdings LLC                                            | CUSIP: 35908MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $405052.80    | 0.25%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GCI LLC                        | GCI LLC                                                                         | CUSIP: 36166TAB6<br>LEI: 549300N3IE9H88Q20221 | Long             | DBT              | CORP              | US        |    425000 | PA      | $413365.03    | 0.25%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC          | GFL Environmental Inc                                                           | CUSIP: 36168QAM6<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $488166.33    | 0.30%             | 2028-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC         | GE HealthCare Technologies Inc                                                  | CUSIP: 36266GAC1<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    450000 | PA      | $466709.84    | 0.28%             | 2035-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO            | General Electric Co                                                             | CUSIP: 369604CA9<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101463.01    | 0.06%             | 2036-01-29      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                                                 | CUSIP: 37045XEY8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    410000 | PA      | $424614.47    | 0.26%             | 2031-06-18      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                                                 | CUSIP: 37045XFG6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    300000 | PA      | $309824.01    | 0.19%             | 2032-04-04      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GERDAU TRADE INC               | Gerdau Trade Inc                                                                | CUSIP: 37373WAE0<br>LEI: 5493008RWEW71JB0LO29 | Long             | DBT              | CORP              | VG        |    800000 | PA      | $829800.00    | 0.50%             | 2035-06-09      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HCA INC                        | HCA Inc                                                                         | CUSIP: 404119BZ1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    625000 | PA      | $573036.33    | 0.35%             | 2049-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HAWAIIAN ELEC CO               | Hawaiian Electric Co Inc                                                        | CUSIP: 419866AV0<br>LEI: 549300PQE8D806LWQV52 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126112.91    | 0.08%             | 2033-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC              | Herc Holdings Inc                                                               | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103940.73    | 0.06%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HESS CORP                      | Hess Corp                                                                       | CUSIP: 42809HAD9<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |    250000 | PA      | $259492.94    | 0.16%             | 2041-02-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION       | Hess Midstream Operations LP                                                    | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $305765.40    | 0.19%             | 2028-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO               | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBT5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    320000 | PA      | $321891.72    | 0.20%             | 2029-10-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                 | Home Depot Inc/The                                                              | CUSIP: 437076DE9<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    325000 | PA      | $332969.65    | 0.20%             | 2034-06-25      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP              | Hyatt Hotels Corp                                                               | CUSIP: 448579AV4<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |    275000 | PA      | $286981.78    | 0.17%             | 2032-03-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                             | CUSIP: 46647PEQ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    650000 | PA      | $657940.73    | 0.40%             | 2030-10-22      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD GRP/CO       | JBS USA Holding Lux Sarl / JBS USA Foods Group Holdings Inc / JBS USA Food Co   | CUSIP: 472140AE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $434279.88    | 0.26%             | 2036-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD GRP/CO       | JBS USA Holding Lux Sarl / JBS USA Foods Group Holdings Inc / JBS USA Food Co   | CUSIP: 472140AG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    390000 | PA      | $400389.60    | 0.24%             | 2056-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KIOXIA HOLDINGS CORP           | Kioxia Holdings Corp                                                            | CUSIP: 49726JAA6<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $204179.40    | 0.12%             | 2030-07-24      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KIOXIA HOLDINGS CORP           | Kioxia Holdings Corp                                                            | CUSIP: 49726JAB4<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $205838.00    | 0.12%             | 2033-07-24      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC          | Level 3 Financing Inc                                                           | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    325000 | PA      | $331514.95    | 0.20%             | 2033-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC          | Level 3 Financing Inc                                                           | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    350000 | PA      | $357088.91    | 0.22%             | 2034-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC           | LifePoint Health Inc                                                            | CUSIP: 53219LAY5<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    450000 | PA      | $479997.45    | 0.29%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| LIGHTNING POWER LLC            | Lightning Power LLC                                                             | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |    775000 | PA      | $821148.93    | 0.50%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                 | Lowe's Cos Inc                                                                  | CUSIP: 548661EQ6<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    425000 | PA      | $439183.54    | 0.27%             | 2033-07-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                   | Magnera Corp                                                                    | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |    625000 | PA      | $588587.50    | 0.36%             | 2031-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MARS INC                       | Mars Inc                                                                        | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    425000 | PA      | $434638.78    | 0.26%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC          | Micron Technology Inc                                                           | CUSIP: 595112CG6<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    400000 | PA      | $419985.56    | 0.25%             | 2032-11-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC          | Micron Technology Inc                                                           | CUSIP: 595112CH4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    200000 | PA      | $213901.86    | 0.13%             | 2035-11-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                  | CUSIP: 61747YFE0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    300000 | PA      | $309466.40    | 0.19%             | 2034-04-21      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                  | CUSIP: 61747YFK6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    500000 | PA      | $514100.10    | 0.31%             | 2030-01-16      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                  | CUSIP: 61747YFL4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    450000 | PA      | $468700.02    | 0.28%             | 2035-01-18      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP               | NTT Finance Corp                                                                | CUSIP: 62954WAV7<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    450000 | PA      | $466055.75    | 0.28%             | 2035-07-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NASDAQ INC                     | Nasdaq Inc                                                                      | CUSIP: 63111XAJ0<br>LEI: 549300L8X1Q78ERXFD06 | Long             | DBT              | CORP              | US        |    725000 | PA      | $761443.50    | 0.46%             | 2034-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                | Gen Digital Inc                                                                 | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153506.87    | 0.09%             | 2033-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| OLIN CORP                      | Olin Corp                                                                       | CUSIP: 680665AN6<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301941.17    | 0.18%             | 2033-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                      | ONEOK Inc                                                                       | CUSIP: 682680DC4<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    375000 | PA      | $376609.58    | 0.23%             | 2035-10-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP           | OneMain Finance Corp                                                            | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    400000 | PA      | $392597.10    | 0.24%             | 2027-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP           | OneMain Finance Corp                                                            | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    400000 | PA      | $405352.72    | 0.25%             | 2030-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ONESKY FLIGHT LLC              | OneSky Flight LLC                                                               | CUSIP: 68278CAA3<br>LEI: 549300PM6NEPXGG5B882 | Long             | DBT              | CORP              | US        |    350000 | PA      | $368258.45    | 0.22%             | 2029-12-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC          | Qnity Electronics Inc                                                           | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153363.19    | 0.09%             | 2033-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC            | Quanta Services Inc                                                             | CUSIP: 74762EAP7<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301039.58    | 0.18%             | 2035-08-09      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC          | Quikrete Holdings Inc                                                           | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    175000 | PA      | $181427.42    | 0.11%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC          | Quikrete Holdings Inc                                                           | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    325000 | PA      | $337978.55    | 0.20%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN       | RHP Hotel Properties LP / RHP Finance Corp                                      | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $205781.53    | 0.12%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC              | Rakuten Group Inc                                                               | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    350000 | PA      | $393967.23    | 0.24%             | 2029-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN       | Raven Acquisition Holdings LLC                                                  | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $412092.80    | 0.25%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP             | Regal Rexnord Corp                                                              | CUSIP: 758750AM5<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    725000 | PA      | $750358.16    | 0.46%             | 2028-04-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| RENTOKIL TERMINIX LLC          | Rentokil Terminix Funding LLC                                                   | CUSIP: 760130AA2<br>LEI: 984500D5BAA7560EKJ44 | Long             | DBT              | CORP              | US        |    575000 | PA      | $586338.59    | 0.36%             | 2030-04-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REPSOL E&P CAP MARKETS         | Repsol E&P Capital Markets US LLC                                               | CUSIP: 76026AAB3<br>LEI: 894500D0J12FRZ3Q0M15 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252000.92    | 0.15%             | 2030-09-16      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE              | Rivers Enterprise Lender LLC / Rivers Enterprise Lender Corp                    | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $100884.99    | 0.06%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                 | Rocket Cos Inc                                                                  | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $310267.73    | 0.19%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC            | Rocket Software Inc                                                             | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    750000 | PA      | $774158.25    | 0.47%             | 2028-11-28      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE       | Rockies Express Pipeline LLC                                                    | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104509.20    | 0.06%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES        | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    471000 | PA      | $483563.48    | 0.29%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES        | Royal Caribbean Cruises Ltd                                                     | CUSIP: 78017TAB9<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    300000 | PA      | $301947.99    | 0.18%             | 2036-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS       | Santander UK Group Holdings PLC                                                 | CUSIP: 80281LAY1<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |    425000 | PA      | $421203.08    | 0.26%             | 2036-09-22      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST       | Service Properties Trust                                                        | CUSIP: 81761LAB8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    500000 | PA      | $491207.39    | 0.30%             | 2027-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU       | Sinclair Television Group Inc                                                   | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128661.88    | 0.08%             | 2033-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| SNAP INC                       | Snap Inc                                                                        | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76740.27     | 0.05%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SNAP INC                       | Snap Inc                                                                        | CUSIP: 83304AAM8<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203139.80    | 0.12%             | 2034-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GLAXOSMITHKLINE CAPITAL        | GlaxoSmithKline Capital PLC                                                     | CUSIP: EJ4794941<br>LEI: 549300U0LV41VX7LEP38 | Long             | DBT              | CORP              | GB        |    425000 | PA      | $458235.85    | 0.28%             | 2045-12-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ABJA INVESTMENT CO             | ABJA Investment Co Pte Ltd                                                      | CUSIP: AQ8490791<br>LEI: 254900E6OE5YJ9WCCU19 | Long             | DBT              | CORP              | SG        |    612000 | PA      | $624163.74    | 0.38%             | 2028-01-24      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| HEATHROW FINANCE PLC           | Heathrow Finance PLC                                                            | CUSIP: AN7380107<br>LEI: 549300F740QSGMPHQJ60 | Long             | DBT              | CORP              | GB        |    550000 | PA      | $724689.79    | 0.44%             | 2027-03-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| MDGH GMTN RSC LTD              | MDGH GMTN RSC Ltd                                                               | CUSIP: ZQ3609372<br>LEI: 213800WRY6FRL9IXLT77 | Long             | DBT              | CORP              | AE        |    880000 | PA      | $839722.40    | 0.51%             | 2029-11-07      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| EIRCOM FINANCE DAC             | eircom Finance DAC                                                              | CUSIP: ZQ2802283<br>LEI: 254900NA4DUH50UERM85 | Long             | DBT              | CORP              | IE        |    400000 | PA      | $470364.14    | 0.29%             | 2027-02-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| ERSTE GROUP BANK AG            | Erste Group Bank AG                                                             | CUSIP: ZP5884942<br>LEI: PQOH26KWDF7CG10L6792 | Long             | DBT              | CORP              | AT        |    600000 | PA      | $694746.11    | 0.42%             | 2027-04-15      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| JAGUAR LAND ROVER AUTOMO       | Jaguar Land Rover Automotive PLC                                                | CUSIP: BQ4561552<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $356125.30    | 0.22%             | 2028-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KBC GROUP NV                   | KBC Group NV                                                                    | CUSIP: BR2423662<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | DBT              | CORP              | BE        |    400000 | PA      | $459875.63    | 0.28%             | 2031-12-07      | Variable      | 0.62%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC       | Lloyds Banking Group PLC                                                        | CUSIP: BP9627632<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    730000 | PA      | $955096.31    | 0.58%             | 2031-12-15      | Variable      | 1.99%                 | No            |                  2 | On Loan: No      |
| RADIOTELEVISIONE ITALIAN       | RAI-Radiotelevisione Italiana SpA                                               | CUSIP: YW1072472<br>LEI: 815600C62B51478A5144 | Long             | DBT              | CORP              | IT        |    200000 | PA      | $244322.14    | 0.15%             | 2029-07-10      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LKQ DUTCH BOND BV              | LKQ Dutch Bond BV                                                               | CUSIP: ZD2725194<br>LEI: 724500O7KBK1ICWRWC17 | Long             | DBT              | CORP              | NL        |    275000 | PA      | $330616.28    | 0.20%             | 2031-03-13      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                   | CaixaBank SA                                                                    | CUSIP: ZK7618273<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    800000 | PA      | $1023234.96   | 0.62%             | 2034-05-30      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                     | Grifols SA                                                                      | CUSIP: YT9448788<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    550000 | PA      | $681932.28    | 0.41%             | 2030-05-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC              | HSBC Holdings PLC                                                               | CUSIP: ZD8238820<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    150000 | PA      | $183925.50    | 0.11%             | 2035-03-22      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA       | Electricite de France SA                                                        | CUSIP: ZO3863636<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    600000 | PA      | $696170.32    | 0.42%             | 2026-12-15      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| AMBER FINCO PLC                | Amber Finco PLC                                                                 | CUSIP: YW0842586<br>LEI: 9845004C0870D380O790 | Long             | DBT              | CORP              | GB        |    225000 | PA      | $278483.26    | 0.17%             | 2029-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| EUROBANK SA                    | Eurobank SA                                                                     | CUSIP: YV8404118<br>LEI: 213800KGF4EFNUQKAT69 | Long             | DBT              | CORP              | GR        |    200000 | PA      | $242452.80    | 0.15%             | 2030-09-24      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| HARLEY-DAVIDSON FINL SER       | Harley-Davidson Financial Services Inc                                          | CUSIP: YQ0121158<br>LEI: RLUFFFFW4GRYU77BTS24 | Long             | DBT              | CORP              | US        |    175000 | PA      | $211016.73    | 0.13%             | 2030-03-12      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN        | Shell International Finance BV                                                  | CUSIP: ZO3159845<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    800000 | PA      | $467280.37    | 0.28%             | 2052-09-10      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS         | Galaxy Pipeline Assets Bidco Ltd                                                | CUSIP: BM1514728<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |   1400000 | PA      | $1235231.51   | 0.75%             | 2036-03-31      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC              | HSBC Holdings PLC                                                               | CUSIP: ZN2147470<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    345000 | PA      | $433430.25    | 0.26%             | 2032-11-16      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| AA BOND CO LTD                 | AA Bond Co Ltd                                                                  | CUSIP: YX0701244<br>LEI: 2138002EPF6QVRZBMC58 | Long             | DBT              | CORP              | JE        |    250000 | PA      | $353342.30    | 0.21%             | 2031-07-31      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| HEIMSTADEN BOSTAD TRESRY       | Heimstaden Bostad Treasury BV                                                   | CUSIP: BR8196791<br>LEI: 549300ORG6UYMJBCV938 | Long             | DBT              | CORP              | NL        |    440000 | PA      | $491528.94    | 0.30%             | 2028-04-13      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| RRE Loan Management            | RRE 24 Loan Management DAC                                                      | CUSIP: BCC3KYT30<br>LEI: 254900LRUE7XQKHDTD72 | Long             | ABS-CBDO         | CORP              | IE        |    700000 | PA      | $821559.61    | 0.50%             | 2040-04-15      | Floating      | 3.53%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV               | ABN AMRO Bank NV                                                                | CUSIP: ZN4071686<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $613575.50    | 0.37%             | 2033-02-22      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| REWE INT FINANCE               | REWE International Finance BV                                                   | CUSIP: ZI7086278<br>LEI: 5299003XLG8J4YTHLX44 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $631176.33    | 0.38%             | 2030-09-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MOTABILITY OPERATIONS GR       | Motability Operations Group PLC                                                 | CUSIP: ZF3240057<br>LEI: AZ3NL8JCZDCNUXFWI720 | Long             | DBT              | CORP              | GB        |    510000 | PA      | $606305.74    | 0.37%             | 2034-01-24      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ATHORA NETHERLANDS             | Athora Netherlands NV                                                           | CUSIP: BW7617713<br>LEI: 724500MKKXKEVWMN9E13 | Long             | DBT              | CORP              | NL        |    475000 | PA      | $577000.72    | 0.35%             | 2032-08-31      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| ROTHESAY LIFE                  | Rothesay Life PLC                                                               | CUSIP: YX4981818<br>LEI: MFQO711J5UPYBWXSPG12 | Long             | DBT              | CORP              | GB        |    310000 | PA      | $437303.54    | 0.27%             | 2034-12-10      | Fixed         | 7.02%                 | No            |                  2 | On Loan: No      |
| RCI BANQUE SA                  | RCI Banque SA                                                                   | CUSIP: ZD9251368<br>LEI: 96950001WI712W7PQG45 | Long             | DBT              | CORP              | FR        |    275000 | PA      | $330566.37    | 0.20%             | 2031-04-04      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| LA FRANCAISE DES JEUX SA       | FDJ UNITED                                                                      | CUSIP: YT1882034<br>LEI: 969500R4CLSQFTYYI535 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $462156.01    | 0.28%             | 2036-11-21      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ESIC SUKUK LTD                 | Esic Sukuk Ltd                                                                  | CUSIP: ZF7053837<br>LEI: 549300TSWFEC4DLPPH77 | Long             | DBT              | CORP              | KY        |    810000 | PA      | $836251.60    | 0.51%             | 2029-02-14      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| ROQUETTE FRERES SA             | Roquette Freres SA                                                              | CUSIP: YT1890235<br>LEI: 969500FO141C5967KC72 | Long             | DBT              | CORP              | FR        |    700000 | PA      | $824328.77    | 0.50%             | 2031-11-25      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| AKER BP ASA                    | Aker BP ASA                                                                     | CUSIP: YX2460336<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |    730000 | PA      | $872928.90    | 0.53%             | 2032-05-29      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ABERTIS FINANCE BV             | Abertis Infraestructuras Finance BV                                             | CUSIP: YT3449469<br>LEI: 5493007WHKI5H75YJ358 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $242466.10    | 0.15%             | 2029-11-28      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| ARBEJDERNES LANDSBANK          | Arbejdernes Landsbank AS                                                        | CUSIP: YR7954617<br>LEI: 549300D6BJ7XOO03RR69 | Long             | DBT              | CORP              | DK        |    400000 | PA      | $473209.09    | 0.29%             | 2030-03-05      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA BUYER/ATLANTI       | California Buyer Ltd / Atlantica Sustainable Infrastructure PLC                 | CUSIP: YU6713868<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    475000 | PA      | $582157.66    | 0.35%             | 2032-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ITM ENTREPRISES SASU           | ITM Entreprises SASU                                                            | CUSIP: YS7922786<br>LEI: 969500LMMR83QL6TLK43 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $601794.41    | 0.36%             | 2030-01-29      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP            | SoftBank Group Corp                                                             | CUSIP: YX9778607<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |    350000 | PA      | $430189.21    | 0.26%             | 2032-07-08      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP            | SoftBank Group Corp                                                             | CUSIP: YX9778573<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |    800000 | PA      | $825016.58    | 0.50%             | 2029-07-08      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| KION GROUP AG                  | KION Group AG                                                                   | CUSIP: YT1081546<br>LEI: 5299005KY91C4C6U9H17 | Long             | DBT              | CORP              | DE        |    510000 | PA      | $616934.07    | 0.37%             | 2029-11-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HLD EUROPE                     | HLD Europe SCA                                                                  | CUSIP: YQ6763458<br>LEI: 222100KJO80ONXIK8X08 | Long             | DBT              | CORP              | LU        |    250000 | PA      | $299952.66    | 0.18%             | 2030-04-02      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| IPSOS SA                       | IPSOS SA                                                                        | CUSIP: YS6003745<br>LEI: 9695002OY2X35E9X8W87 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $238796.80    | 0.14%             | 2030-01-22      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG               | Deutsche Bank AG                                                                | CUSIP: YR3234949<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $236068.74    | 0.14%             | 2031-02-13      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| RTE RESEAU DE TRANSPORT        | RTE Reseau de Transport d'Electricite SADIR                                     | CUSIP: YN9205447<br>LEI: 969500JRJW0K2ET1UP76 | Long             | DBT              | CORP              | FR        |    300000 | PA      | $342043.67    | 0.21%             | 2045-07-08      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                  | CUSIP: YP6341182<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    300000 | PA      | $363661.51    | 0.22%             | 2036-05-22      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| MARKET BIDCO FINCO PLC         | Market Bidco Finco PLC                                                          | CUSIP: YM0898580<br>LEI: 549300UGYX6EBVHRVG53 | Long             | DBT              | CORP              | GB        |    475000 | PA      | $551250.12    | 0.33%             | 2031-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                                        | CUSIP: 345397H63<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    400000 | PA      | $468772.48    | 0.28%             | 2029-09-16      | Fixed         | 3.78%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV               | ABN AMRO Bank NV                                                                | CUSIP: AP3241647<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $590548.87    | 0.36%             | 2027-09-22      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| APPLE INC                      | Apple Inc                                                                       | CUSIP: 037833BK5<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    375000 | PA      | $402471.23    | 0.24%             | 2042-07-31      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| N/A                            | CHF/USD FWD 20251210                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-392.88      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | EUR/USD FWD 20251210                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-83817.81    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| ENDEAVOUR MINING PLC           | Endeavour Mining PLC                                                            | CUSIP: YO6735816<br>LEI: 529900NI5MXQ91GHXR07 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $516717.11    | 0.31%             | 2030-05-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| N/A                            | GBP/USD FWD 20251210                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $50003.99     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX          | Chile Electricity Lux Mpc II Sarl                                               | CUSIP: YU3605620<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    488752 | PA      | $505691.72    | 0.31%             | 2035-10-20      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| RUMO LUXEMBOURG SARL           | Rumo Luxembourg Sarl                                                            | CUSIP: BK3124298<br>LEI: 222100HOIQFT7YOSPB46 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $198809.00    | 0.12%             | 2028-01-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARCOS DORADOS BV               | Arcos Dorados BV                                                                | CUSIP: YS9376346<br>LEI: 549300T91OYP6I7P8G39 | Long             | DBT              | CORP              | NL        |    800000 | PA      | $844704.00    | 0.51%             | 2032-01-29      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| EMPRESA NACIONAL DEL PET       | Empresa Nacional del Petroleo                                                   | CUSIP: YW6350022<br>LEI: 549300YP3P0JZBLIV197 | Long             | DBT              | CORP              | CL        |    325000 | PA      | $342909.45    | 0.21%             | 2034-07-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| SITIOS LATINOAMERICA           | Sitios Latinoamerica SAB de CV                                                  | CUSIP: YT4236774<br>LEI: 984500D2C0CDC0BFDD35 | Long             | DBT              | CORP              | MX        |    700000 | PA      | $729260.00    | 0.44%             | 2029-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                            | EURO-BUND FUTURE  Dec25                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |        15 | NC      | $-1450.78     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Aqueduct European CLO          | Aqueduct European CLO 10 DAC                                                    | CUSIP: BCC3JS9Z6<br>LEI: 635400SCIIZBJOEMZP09 | Long             | ABS-CBDO         | CORP              | IE        |   1000000 | PA      | $1175012.09   | 0.71%             | 2039-01-18      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Ares Euro CLO                  | Ares European CLO XXI DAC                                                       | CUSIP: BCC3KLMG6<br>LEI: 254900REPQKNP1XRDH75 | Long             | ABS-CBDO         | CORP              | IE        |    700000 | PA      | $821409.22    | 0.50%             | 2038-04-15      | Floating      | 3.67%                 | No            |                  2 | On Loan: No      |
| Ravensdale Park CLO DAC        | Ravensdale Park CLO DAC                                                         | CUSIP: BCC3KY2B1<br>LEI: 635400MNQH1BW5SAW895 | Long             | ABS-CBDO         | CORP              | IE        |    300000 | PA      | $351750.40    | 0.21%             | 2038-04-25      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| Avoca CLO                      | Avoca CLO XXXII DAC                                                             | CUSIP: BCC3L27G4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    700000 | PA      | $821184.03    | 0.50%             | 2039-04-15      | Floating      | 3.33%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION               | LG Energy Solution Ltd                                                          | CUSIP: ZI6385002<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |    670000 | PA      | $693571.30    | 0.42%             | 2028-09-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION               | LG Energy Solution Ltd                                                          | CUSIP: YQ2512479<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $206902.35    | 0.13%             | 2035-04-02      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SK HYNIX INC                   | SK Hynix Inc                                                                    | CUSIP: ZM2585705<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |   1100000 | PA      | $1214149.42   | 0.74%             | 2033-01-17      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                 | Var Energi ASA                                                                  | CUSIP: 92212WAF7<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    340000 | PA      | $353913.77    | 0.21%             | 2030-05-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC         | Venture Global LNG Inc                                                          | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1035750.00   | 0.63%             | 2028-06-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC        | Windstream Services LLC                                                         | CUSIP: 97382BAB5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |    600000 | PA      | $600393.00    | 0.36%             | 2033-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING         | XPLR Infrastructure Operating Partners LP                                       | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52426.80     | 0.03%             | 2031-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                  | ZF North America Capital Inc                                                    | CUSIP: 98877DAE5<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    325000 | PA      | $322073.65    | 0.20%             | 2030-04-14      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                 | Var Energi ASA                                                                  | CUSIP: ZH9740353<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    250000 | PA      | $326526.23    | 0.20%             | 2083-11-15      | Variable      | 7.86%                 | No            |                  2 | On Loan: No      |
| WINTERSHALL DEA FIN 2BV        | Wintershall Dea Finance 2 BV                                                    | CUSIP: BN5129406<br>LEI: 529900DV88FUQZSVVL48 | Long             | DBT              | CORP              | NL        |    300000 | PA      | $340108.60    | 0.21%             | 2028-07-20      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                 | Var Energi ASA                                                                  | CUSIP: YQ0595062<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    275000 | PA      | $326858.88    | 0.20%             | 2031-03-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-15

**Name of Applicant:** Professionally Managed Portfolios

**Signature:** /s/ Craig Benton

**Name of Signer:** Craig Benton

**Title:** Treasurer