# EDGAR Filing Document

**Accession Number:** 0000930709
**File Stem:** 0001752724-23-035881
**Filing Date:** 2023-2
**Character Count:** 95521
**Document Hash:** 05c307e2ceaba78288ad63454eaee783
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-035881.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-035881

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PIONEER VARIABLE CONTRACTS TRUST /MA/
- **CENTRAL INDEX KEY:** 0000930709
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08786
- **FILM NUMBER:** 23657582

**BUSINESS ADDRESS:**
- **STREET 1:** 60 STATE ST
- **STREET 2:** 5TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109
- **BUSINESS PHONE:** 617-742-7825

**MAIL ADDRESS:**
- **STREET 1:** 60 STATE ST
- **STREET 2:** 5TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 021091820

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VARIABLE INSURANCE CONTRACTS TRUST
- **DATE OF NAME CHANGE:** 19940929

## Series and Classes Contracts Data

### Pioneer High Yield VCT Portfolio (Series ID: S000010184)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000028217 | Pioneer High Yield VCT Portfolio: Class I  |  |
| C000028218 | Pioneer High Yield VCT Portfolio: Class II |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PIONEER VARIABLE CONTRACTS TRUST /MA/

- **b. Investment Company Act file number:** 811-08786

- **c. CIK number of Registrant:** 0000930709

- **d. LEI of Registrant:** 549300VNR8Z3H6PB2X77

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

  - **Street Address 1:** 60 State Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02109

  - **Telephone number:** 617-422-4947

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

- **a. Name of Series:** Pioneer High Yield VCT Portfolio

- **b. EDGAR series identifier (if any):** S000010184

- **c. LEI of Series:** YJ7ZWWUVD5RGHGNF3Z30

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-30

**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:** $27681213.87

**Total Liabilities:** $294190.51

**Net Assets:** $27387023.36

**Cash Not Reported:** $353635.75

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** -6.00000000 | **1-Year:** -43.00000000 | **5-Year:** -7087.00000000 | **10-Year:** -785.00000000 | **30-Year:** -326.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000028217 | 1.61%                | 1.85%                | -0.55%               |
| Class ID C000028218 | 1.61%                | 1.85%                | -0.59%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-31810.91               | $462355.80                                 |
| Month 2  | $4356.36                 | $327389.45                                 |
| Month 3  | $-158557.18              | $-152037.64                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GLOBAL AIR LEASE CO LTD                     | Global Aircraft Leasing Co Ltd                                                   | CUSIP: 37960JAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    216982 | PA      | $184434.70    | 0.67%             | 2024-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KOSMOS ENERGY LTD                           | Kosmos Energy Ltd                                                                | CUSIP: 500688AF3<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |    200000 | PA      | $166761.08    | 0.61%             | 2027-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES INTERNA                    | Scientific Games International Inc                                               | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96000.00     | 0.35%             | 2029-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SPIRIT AIRLINES INC                         | Spirit Airlines Inc                                                              | CUSIP: 848577AB8<br>LEI: 549300DCAFIXFNFR3304 | Long             | DBT              | CORP              | US        |    219000 | PA      | $176295.00    | 0.64%             | 2026-05-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| US RENAL CARE INC                           | US Renal Care Inc                                                                | CUSIP: 07335BAA4<br>LEI: 54930058SS5MF69JGN89 | Long             | DBT              | CORP              | US        |    146000 | PA      | $31755.00     | 0.12%             | 2027-07-15      | Fixed         | 10.62%                | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                    | American Airlines Inc/AAdvantage Loyalty IP Ltd                                  | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     55000 | PA      | $50267.57     | 0.18%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ARTERA SERVICES LLC                         | Artera Services LLC                                                              | CUSIP: 73939VAA2<br>LEI: 549300J2G34D0WX8Z443 | Long             | DBT              | CORP              | US        |    230275 | PA      | $191839.80    | 0.70%             | 2025-12-04      | Fixed         | 9.03%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ENERGY CO                      | Southwestern Energy Co                                                           | CUSIP: 845467AR0<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |    185000 | PA      | $171506.10    | 0.63%             | 2029-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY COR                    | Garda World Security Corp                                                        | CUSIP: 36257BAA7<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    206000 | PA      | $198401.96    | 0.72%             | 2027-11-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| NEWS CORP                                   | News Corp                                                                        | CUSIP: 65249BAA7<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |     80000 | PA      | $69391.20     | 0.25%             | 2029-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                    | Ford Motor Credit Co LLC                                                         | CUSIP: 345397B36<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    495000 | PA      | $406315.80    | 1.48%             | 2030-11-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT                      | HAT Holdings I LLC / HAT Holdings II LLC                                         | CUSIP: 418751AE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    290000 | PA      | $251952.00    | 0.92%             | 2026-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SYLVAMO CORP                                | Sylvamo Corp                                                                     | CUSIP: 87133LAA8<br>LEI: 5493001AOYU1ZOWOC971 | Long             | DBT              | CORP              | US        |    218000 | PA      | $207495.57    | 0.76%             | 2029-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                            | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $187050.00    | 0.68%             | 2027-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| AAG FH LP/AAG FH FINCO                      | AAG FH LP / AAG FH Finco Inc                                                     | CUSIP: 00033AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    150000 | PA      | $144000.00    | 0.53%             | 2024-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| PROVIDENT FDG/PFG FIN                       | Provident Funding Associates LP / PFG Finance Corp                               | CUSIP: 74387UAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    237000 | PA      | $206190.00    | 0.75%             | 2025-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| FAGE INTL / FAGE USA                        | FAGE International SA / FAGE USA Dairy Industry Inc                              | CUSIP: 30257WAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    200000 | PA      | $185528.00    | 0.68%             | 2026-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AVATION PLC WTS 01JAN59                     | AVATION PLC WTS 01JAN59                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      6300 | NC      | $2284.92      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ENLINK MIDSTREAM LLC                        | EnLink Midstream LLC                                                             | CUSIP: 29336TAA8<br>LEI: 54930000GY1H533OBE23 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4626.39      | 0.02%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TEAM HEALTH HOLDINGS INC                    | Team Health Holdings Inc                                                         | CUSIP: 87817JAG3<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | LON              | CORP              | US        |    134198 | PA      | $101822.99    | 0.37%             | 2027-02-02      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| OSCAR ACQUISITIONCO LLC                     | Oscar AcquisitionCo LLC / Oscar Finance Inc                                      | CUSIP: 687785AB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $76279.00     | 0.28%             | 2030-04-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| MAXAR TECHNOLOGIES INC                      | Maxar Technologies Inc                                                           | CUSIP: 57778KAC9<br>LEI: 549300OEN2G821MIJ922 | Long             | DBT              | CORP              | US        |    135000 | PA      | $140161.43    | 0.51%             | 2027-06-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                    | Builders FirstSource Inc                                                         | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    165000 | PA      | $133770.09    | 0.49%             | 2032-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LEGACY LIFEPOINT HEALTH                     | Legacy LifePoint Health LLC                                                      | CUSIP: 53219LAT6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $61170.85     | 0.22%             | 2025-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                    | Occidental Petroleum Corp                                                        | CUSIP: 674599CJ2<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    177000 | PA      | $138240.54    | 0.50%             | 2046-04-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| DEALER TIRE LLC/DT ISSR                     | Dealer Tire LLC / DT Issuer LLC                                                  | CUSIP: 24229JAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    331000 | PA      | $291238.10    | 1.06%             | 2028-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                            | CSC Holdings LLC                                                                 | CUSIP: 126307AY3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $136000.00    | 0.50%             | 2028-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                          | Ford Motor Co                                                                    | CUSIP: 345370DB3<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |     55000 | PA      | $50784.66     | 0.19%             | 2032-08-19      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| SUMMER (BC) BIDC                            | Summer BC Bidco B LLC                                                            | CUSIP: 865632AA1<br>LEI: 213800CCW2O2WZ7YV169 | Long             | DBT              | CORP              | US        |    200000 | PA      | $162288.00    | 0.59%             | 2026-10-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                            | Altice France SA/France                                                          | CUSIP: 02156LAF8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    260000 | PA      | $194933.23    | 0.71%             | 2029-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE INC                               | CommScope Inc                                                                    | CUSIP: 20337EAQ4<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | LON              | CORP              | US        |     94908 | PA      | $89717.88     | 0.33%             | 2026-04-04      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| CLEARWATER PAPER CORP                       | Clearwater Paper Corp                                                            | CUSIP: 18538RAJ2<br>LEI: 549300HCVV19GXN4P292 | Long             | DBT              | CORP              | US        |     96000 | PA      | $84352.88     | 0.31%             | 2028-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                              | NRG Energy Inc                                                                   | CUSIP: 629377CQ3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     60000 | PA      | $48397.20     | 0.18%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                       | Freedom Mortgage Corp                                                            | CUSIP: 35640YAB3<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    118000 | PA      | $106138.28    | 0.39%             | 2025-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| VERINT SYSTEMS INC                          | Verint Systems Inc                                                               | CUSIP: 92343XAC4<br>LEI: 549300KEQJS5FRVUCO94 | Long             | DBT              | CORP              | US        |    105000 | PA      | $91350.00     | 0.33%             | 2026-04-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS INC                       | Bath & Body Works Inc                                                            | CUSIP: 501797AW4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |     60000 | PA      | $56304.18     | 0.21%             | 2030-10-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CARNIVAL HLDGS BM LTD                       | Carnival Holdings Bermuda Ltd                                                    | CUSIP: 14366RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $30798.30     | 0.11%             | 2028-05-01      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| ENLINK MIDSTREAM PARTNER                    | EnLink Midstream Partners LP                                                     | CUSIP: 29336UAD9<br>LEI: 88CPW63VL7KHJWS0NY83 | Long             | DBT              | CORP              | US        |     40000 | PA      | $30313.13     | 0.11%             | 2045-04-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| FMG RESOURCES AUG 2006                      | FMG Resources August 2006 Pty Ltd                                                | CUSIP: 30251GBE6<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    125000 | PA      | $116575.00    | 0.43%             | 2032-04-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| UNITI GRP/UNITI HLD/CSL                     | Uniti Group LP / Uniti Fiber Holdings Inc / CSL Capital LLC                      | CUSIP: 91327AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $63277.92     | 0.23%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ENPHASE ENERGY INC                          | Enphase Energy Inc                                                               | CUSIP: 29355AAK3<br>LEI: 5493008U7KIGMI59Z314 | Long             | DBT              | CORP              | US        |     94000 | PA      | $109923.60    | 0.40%             | 2028-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TRINSEO OP / TRINSEO FIN                    | Trinseo Materials Operating SCA / Trinseo Materials Finance Inc                  | CUSIP: 89668QAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    171000 | PA      | $110760.12    | 0.40%             | 2029-04-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                     | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BG6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     80000 | PA      | $63843.60     | 0.23%             | 2028-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                              | NRG Energy Inc                                                                   | CUSIP: 629377CR1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    166000 | PA      | $126192.79    | 0.46%             | 2031-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| DIEBOLD NIXDORF HOLDING                     | Diebold Nixdorf Holding Germany Inc & Co KGaA                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |     95000 | PA      | $95475.00     | 0.35%             | 2025-07-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| PECF USS INTERMEDIATE HO                    | PECF USS Intermediate Holding III Corp                                           | CUSIP: 69291HAA3<br>LEI: 254900DIL842DEXPYJ91 | Long             | DBT              | CORP              | US        |    155000 | PA      | $100701.95    | 0.37%             | 2029-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| LIFEPT/LEGACY LIFEPT                        | RegionalCare Hospital Partners Holdings Inc / LifePoint Health Inc               | CUSIP: 53219LAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     22000 | PA      | $17703.62     | 0.06%             | 2026-12-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| REVANCE THERAPEUTICS INC                    | Revance Therapeutics Inc                                                         | CUSIP: 761330AB5<br>LEI: 549300N33TFDZHS81H11 | Long             | DBT              | CORP              | US        |    130000 | PA      | $118690.00    | 0.43%             | 2027-02-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                        | LifePoint Health Inc                                                             | CUSIP: 53219LAU3<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |     75000 | PA      | $42382.50     | 0.15%             | 2029-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FIRST BRANDS GROUP LLC                      | First Brands Group LLC                                                           | CUSIP: 31935HAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    158827 | PA      | $151283.04    | 0.55%             | 2027-03-30      | Floating      | 8.37%                 | No            |                  2 | On Loan: No      |
| AETHON UN/AETHIN UN FIN                     | Aethon United BR LP / Aethon United Finance Corp                                 | CUSIP: 00810GAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    151000 | PA      | $149783.86    | 0.55%             | 2026-02-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                    | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    170000 | PA      | $146351.52    | 0.53%             | 2027-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SOTHEBY'S                                   | Sotheby's                                                                        | CUSIP: 835898AH0<br>LEI: 549300P5BAAMQQ7VL735 | Long             | DBT              | CORP              | US        |    480000 | PA      | $450062.12    | 1.64%             | 2027-10-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                       | GFL Environmental Inc                                                            | CUSIP: 36168QAL8<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |     55000 | PA      | $47025.00     | 0.17%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MOHEGAN TRIBAL GAMING AU                    | Mohegan Tribal Gaming Authority                                                  | CUSIP: 608328BH2<br>LEI: 549300UB083Z2NRDHC48 | Long             | DBT              | CORP              | US        |    200000 | PA      | $187058.00    | 0.68%             | 2026-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CARRIAGE PURCHASER INC                      | Carriage Purchaser Inc                                                           | CUSIP: 14445LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    295000 | PA      | $209450.00    | 0.76%             | 2029-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| VERMILION ENERGY INC                        | Vermilion Energy Inc                                                             | CUSIP: 923725AD7<br>LEI: WT03B8BB1IX8WI9ZGV02 | Long             | DBT              | CORP              | CA        |     69000 | PA      | $62968.22     | 0.23%             | 2030-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                      | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAN0<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |     65000 | PA      | $68425.50     | 0.25%             | 2029-11-30      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| STRATHCONA RESOURCES                        | Strathcona Resources Ltd/Alberta                                                 | CUSIP: 86304TAA6<br>LEI: 549300YNIUISTSZMLF56 | Long             | DBT              | CORP              | CA        |    310000 | PA      | $226258.16    | 0.83%             | 2026-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                    | Ford Motor Credit Co LLC                                                         | CUSIP: 345397XL2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    300000 | PA      | $280797.10    | 1.03%             | 2025-08-04      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                         | Travel + Leisure Co                                                              | CUSIP: 98310WAS7<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88043.55     | 0.32%             | 2026-07-31      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| KEN GARFF AUTOMOTIVE LLC                    | Ken Garff Automotive LLC                                                         | CUSIP: 48850PAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     28000 | PA      | $23422.78     | 0.09%             | 2028-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| INSMED INC                                  | Insmed Inc                                                                       | CUSIP: 457669AA7<br>LEI: 529900Q55QAG41CCAC11 | Long             | DBT              | CORP              | US        |     81000 | PA      | $75532.50     | 0.28%             | 2025-01-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| NCR CORP                                    | NCR Corp                                                                         | CUSIP: 62886EAZ1<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |     45000 | PA      | $37125.00     | 0.14%             | 2030-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                     | Asbury Automotive Group Inc                                                      | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    169000 | PA      | $142406.16    | 0.52%             | 2029-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                    | Prime Security Services Borrower LLC / Prime Finance Inc                         | CUSIP: 74166MAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $115500.00    | 0.42%             | 2026-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                             | Sealed Air Corp                                                                  | CUSIP: 81211KBA7<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    105000 | PA      | $98700.00     | 0.36%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| US ACUTE CARE SOLUTIONS                     | US Acute Care Solutions LLC                                                      | CUSIP: 90367UAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $128676.42    | 0.47%             | 2026-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Option Care Health Warrants Class B         | Option Care Health Warrants Class B                                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |        80 | NC      | $233.60       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| NEWS CORP                                   | News Corp                                                                        | CUSIP: 65249BAB5<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |     30000 | PA      | $27300.00     | 0.10%             | 2032-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| OI EUROPEAN GROUP BV                        | OI European Group BV                                                             | CUSIP: 67777LAD5<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |    220000 | PA      | $192654.00    | 0.70%             | 2030-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MACQUARIE INFRASTRUCTURE                    | Macquarie Infrastructure Holdings LLC                                            | CUSIP: 55608BAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       935 | PA      | $925.00       | 0.00%             | 2023-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                 | Gap Inc/The                                                                      | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |     35000 | PA      | $24416.53     | 0.09%             | 2031-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING                        | Cornerstone Building Brands Inc                                                  | CUSIP: 21925DAA7<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |    255000 | PA      | $179581.20    | 0.66%             | 2029-01-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PERFICIENT INC                              | Perficient Inc                                                                   | CUSIP: 71375UAF8<br>LEI: 549300HTBXKL2755T650 | Long             | DBT              | CORP              | US        |     10000 | PA      | $7725.00      | 0.03%             | 2026-11-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| ENLINK MIDSTREAM LLC                        | EnLink Midstream LLC                                                             | CUSIP: 29336TAD2<br>LEI: 54930000GY1H533OBE23 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79176.00     | 0.29%             | 2030-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP                          | Baytex Energy Corp                                                               | CUSIP: 07317QAH8<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |    130000 | PA      | $132271.10    | 0.48%             | 2027-04-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 21-1B PTT                      | American Airlines 2021-1 Class B Pass Through Trust                              | CUSIP: 02376LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $27770.32     | 0.10%             | 2030-07-11      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| M/I HOMES INC                               | M/I Homes Inc                                                                    | CUSIP: 55305BAV3<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |    125000 | PA      | $100929.80    | 0.37%             | 2030-02-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| GRIFOLS ESCROW ISSUER                       | Grifols Escrow Issuer SA                                                         | CUSIP: 39843UAA0<br>LEI: 959800HLB3PGTGSLVV62 | Long             | DBT              | CORP              | ES        |    220000 | PA      | $189963.40    | 0.69%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GRINDING MEDIA INC                          | Grinding Media Inc                                                               | CUSIP: 39854KAB6<br>LEI: 254900IYFJ03EGFQ8C34 | Long             | LON              | CORP              | US        |    128375 | PA      | $120030.62    | 0.44%             | 2028-10-12      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                    | American Airlines Inc/AAdvantage Loyalty IP Ltd                                  | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     70000 | PA      | $67315.26     | 0.25%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TRONOX INC                                  | Tronox Inc                                                                       | CUSIP: 897051AC2<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |    127000 | PA      | $105568.75    | 0.39%             | 2029-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SC GAMES HOLDIN/US FINCO                    | Scientific Games Holdings LP/Scientific Games US FinCo Inc                       | CUSIP: 80874DAA4<br>LEI: 549300W5GPFXXB6TQ330 | Long             | DBT              | CORP              | US        |     65000 | PA      | $54905.50     | 0.20%             | 2030-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| TMS INTERNATIONAL CORP                      | TMS International Corp/DE                                                        | CUSIP: 87261QAC7<br>LEI: 549300L4K0F1YF8WKF23 | Long             | DBT              | CORP              | US        |    215000 | PA      | $153780.90    | 0.56%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                    | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $43145.79     | 0.16%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                    | Builders FirstSource Inc                                                         | CUSIP: 12008RAR8<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |     70000 | PA      | $65747.23     | 0.24%             | 2032-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NEPTUNE ENERGY BONDCO                       | Neptune Energy Bondco PLC                                                        | CUSIP: 64073KAA1<br>LEI: 549300CPMT8I2QBRYF88 | Long             | DBT              | CORP              | GB        |    219000 | PA      | $212650.72    | 0.78%             | 2025-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| OWENS & MINOR INC                           | Owens & Minor Inc                                                                | CUSIP: 690732AG7<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |    195000 | PA      | $167583.00    | 0.61%             | 2030-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                | US Foods Inc                                                                     | CUSIP: 90290MAE1<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |     50000 | PA      | $44030.72     | 0.16%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| RACKSPACE TECHNOLOGY                        | Rackspace Technology Global Inc                                                  | CUSIP: 750098AA3<br>LEI: 549300QTYCKLMFSE8I97 | Long             | DBT              | CORP              | US        |    150000 | PA      | $65379.23     | 0.24%             | 2028-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ENLINK MIDSTREAM PARTNER                    | EnLink Midstream Partners LP                                                     | CUSIP: 29336UAC1<br>LEI: 88CPW63VL7KHJWS0NY83 | Long             | DBT              | CORP              | US        |    116000 | PA      | $95672.93     | 0.35%             | 2044-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                    | Vistra Operations Co LLC                                                         | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    182000 | PA      | $156814.28    | 0.57%             | 2029-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                       | Mineral Resources Ltd                                                            | CUSIP: 603051AD5<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |     75000 | PA      | $76014.75     | 0.28%             | 2030-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                       | GFL Environmental Inc                                                            | CUSIP: 36168QAP9<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    198000 | PA      | $167795.10    | 0.61%             | 2029-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Option Healthcare Inc Class A Warrants      | Option Healthcare Inc Class A Warrants                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |        80 | NC      | $288.80       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| COMMSCOPE INC                               | CommScope Inc                                                                    | CUSIP: 20338QAA1<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |     63000 | PA      | $48825.00     | 0.18%             | 2027-03-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS                     | Surgery Center Holdings Inc                                                      | CUSIP: 86881WAD4<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |    139000 | PA      | $141432.50    | 0.52%             | 2027-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| LEEWARD RENEWABL                            | Leeward Renewable Energy Operations LLC                                          | CUSIP: 524590AA4<br>LEI: 254900EVJU1A57NUX379 | Long             | DBT              | CORP              | US        |    179000 | PA      | $152533.57    | 0.56%             | 2029-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| P&L DEV LLC/PLD FIN CORP                    | P&L Development LLC / PLD Finance Corp                                           | CUSIP: 69306RAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $89100.00     | 0.33%             | 2025-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NESCO HOLDINGS II INC                       | NESCO Holdings II Inc                                                            | CUSIP: 64083YAA9<br>LEI: 254900FAHT0HW9T6L409 | Long             | DBT              | CORP              | US        |    105000 | PA      | $91875.00     | 0.34%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MEG ENERGY CORP                             | MEG Energy Corp                                                                  | CUSIP: 552704AE8<br>LEI: 5493002WXPTG5ZC1T326 | Long             | DBT              | CORP              | CA        |     25000 | PA      | $25497.30     | 0.09%             | 2027-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ENERGY CO                      | Southwestern Energy Co                                                           | CUSIP: 845467AT6<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |     70000 | PA      | $59821.30     | 0.22%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                | US Foods Inc                                                                     | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    205000 | PA      | $182023.60    | 0.66%             | 2029-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                        | Neptune Bidco US Inc                                                             | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    125000 | PA      | $117812.50    | 0.43%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| JB POINDEXTER & CO INC                      | JB Poindexter & Co Inc                                                           | CUSIP: 730481AJ7<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |    254000 | PA      | $245110.00    | 0.89%             | 2026-04-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                          | Viking Cruises Ltd                                                               | CUSIP: 92676XAC1<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |     69000 | PA      | $62617.50     | 0.23%             | 2025-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GRAY TELEVISION INC                         | Gray Television Inc                                                              | CUSIP: 389375AJ5<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    106000 | PA      | $94437.52     | 0.34%             | 2026-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Grupo Aeromexico SAB de CV                  | Grupo Aeromexico SAB de CV                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |      6730 | NS      | $55890.79     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.             | CDS CDX.NA.HY.39.V1                                                              | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-27625.54    | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| NCR CORP                                    | NCR Corp                                                                         | CUSIP: 62886EAY4<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |     90000 | PA      | $76728.09     | 0.28%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                              | Bombardier Inc                                                                   | CUSIP: 097751BV2<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    327000 | PA      | $317260.09    | 1.16%             | 2026-06-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                         | NCL Corp Ltd                                                                     | CUSIP: 62886HBA8<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    140000 | PA      | $109965.80    | 0.40%             | 2026-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management          | Dreyfus Government Cash Management                                               | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |   1581010 | NS      | $1581009.88   | 5.77%             |  |  |  | No            |                  1 | On Loan: No      |
| TOPBUILD CORP                               | TopBuild Corp                                                                    | CUSIP: 89055FAC7<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |     50000 | PA      | $40630.50     | 0.15%             | 2032-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                     | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAQ4<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    305000 | PA      | $271616.88    | 0.99%             | 2029-05-09      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                       | Scotts Miracle-Gro Co/The                                                        | CUSIP: 810186AX4<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |    476000 | PA      | $363636.01    | 1.33%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                     | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BP6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     20000 | PA      | $25120.00     | 0.09%             | 2025-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COGENT COMMUNICATIONS GR                    | Cogent Communications Group Inc                                                  | CUSIP: 19240CAE3<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |    155000 | PA      | $151888.85    | 0.55%             | 2027-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                      | Delek Logistics Partners LP / Delek Logistics Finance Corp                       | CUSIP: 24665FAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $103730.00    | 0.38%             | 2028-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| MATIV HOLDINGS INC                          | Mativ Holdings Inc                                                               | CUSIP: 808541AA4<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |    304000 | PA      | $268280.00    | 0.98%             | 2026-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                      | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    531000 | PA      | $407399.13    | 1.49%             | 2033-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| IMAX CORP                                   | IMAX Corp                                                                        | CUSIP: 45245EAJ8<br>LEI: 5493002KS2T1Q0X7VZ21 | Long             | DBT              | CORP              | CA        |     99000 | PA      | $83497.78     | 0.30%             | 2026-04-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES INTERNA                    | Scientific Games International Inc                                               | CUSIP: 80874YBC3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95391.00     | 0.35%             | 2028-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICE                    | Prime Healthcare Services Inc                                                    | CUSIP: 74165HAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $126750.68    | 0.46%             | 2025-11-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                       | Freedom Mortgage Corp                                                            | CUSIP: 35640YAA5<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |     69000 | PA      | $63480.00     | 0.23%             | 2024-11-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                    | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $59441.78     | 0.22%             | 2025-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                    | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $44463.80     | 0.16%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS                       | Bread Financial Holdings Inc                                                     | CUSIP: 018581AK4<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |    145000 | PA      | $128577.02    | 0.47%             | 2024-12-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                          | CP Atlas Buyer Inc                                                               | CUSIP: 12597YAA7<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |    175000 | PA      | $129966.30    | 0.47%             | 2028-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                       | Nabors Industries Inc                                                            | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29060.84     | 0.11%             | 2027-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| WESTERN GLOBAL AIRLINES                     | Western Global Airlines LLC                                                      | CUSIP: 958278AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $187732.73    | 0.69%             | 2025-08-15      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| TAP ROCK RESOURCES LLC                      | Tap Rock Resources LLC                                                           | CUSIP: 87602LAA0<br>LEI: 549300Y3SDS1HPFQ6H17 | Long             | DBT              | CORP              | US        |    235000 | PA      | $218573.50    | 0.80%             | 2026-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 5 YEAR TREASURY NOTE                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-64.81       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| TENET HEALTHCARE CORP                       | Tenet Healthcare Corp                                                            | CUSIP: 88033GDP2<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     60000 | PA      | $57168.00     | 0.21%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                       | Level 3 Financing Inc                                                            | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    200000 | PA      | $143874.03    | 0.53%             | 2029-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                 | Staples Inc                                                                      | CUSIP: 855030AN2<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |     91000 | PA      | $78321.88     | 0.29%             | 2026-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SEASPAN CORP                                | Seaspan Corp                                                                     | CUSIP: 81254UAK2<br>LEI: 5493007Z8Q1H45KT7W98 | Long             | DBT              | CORP              | MH        |    410000 | PA      | $310698.00    | 1.13%             | 2029-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST                    | Fortress Transportation and Infrastructure Investors LLC                         | CUSIP: 34960PAC5<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85212.50     | 0.31%             | 2027-08-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Lorenz Re 2019, 6/30/22                     | Lorenz Re 2019, 6/30/22                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     25723 | PA      | $46.30        | 0.00%             | 2023-06-30      | Floating      | 0.01%                 | Yes           |                  3 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                      | Lumen Technologies Inc                                                           | CUSIP: 156700BC9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |     80000 | PA      | $67796.20     | 0.25%             | 2027-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COEUR MINING INC                            | Coeur Mining Inc                                                                 | CUSIP: 192108BC1<br>LEI: 5493003AVK173D48DR70 | Long             | DBT              | CORP              | US        |    109000 | PA      | $85066.50     | 0.31%             | 2029-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SPIRIT LOYALTY KY LTD/IP                    | Spirit Loyalty Cayman Ltd / Spirit IP Cayman Ltd                                 | CUSIP: 84859BAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     40000 | PA      | $40205.20     | 0.15%             | 2025-09-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN SENTRY LTD                       | Transocean Sentry Ltd                                                            | CUSIP: 89385AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    179275 | PA      | $177034.29    | 0.65%             | 2023-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LIONS GATE CAPITAL HOLD                     | Lions Gate Capital Holdings LLC                                                  | CUSIP: 53627NAE1<br>LEI: 549300MWJHNLR35C0837 | Long             | DBT              | CORP              | US        |    145000 | PA      | $84070.56     | 0.31%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                    | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    108000 | PA      | $85911.86     | 0.31%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MERCER INTL INC                             | Mercer International Inc                                                         | CUSIP: 588056BB6<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |    173000 | PA      | $144629.73    | 0.53%             | 2029-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PARK-OHIO INDUSTRIES INC                    | Park-Ohio Industries Inc                                                         | CUSIP: 700677AR8<br>LEI: 5493006LQUO5SLMNYM18 | Long             | DBT              | CORP              | US        |     75000 | PA      | $50950.50     | 0.19%             | 2027-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| DRAFTKINGS HOLDINGS INC                     | DraftKings Holdings Inc                                                          | CUSIP: 26142RAB0<br>LEI: 5493008P45UYYL683Z97 | Long             | DBT              | CORP              | US        |    176000 | PA      | $108856.00    | 0.40%             | 2028-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                      | Harvest Midstream I LP                                                           | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    273000 | PA      | $260562.12    | 0.95%             | 2028-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SHELF DRILL HOLD LTD                        | Shelf Drilling Holdings Ltd                                                      | CUSIP: 822538AG9<br>LEI: 54930078ZJ3XP4MRYB68 | Long             | DBT              | CORP              | KY        |    105000 | PA      | $102900.00    | 0.38%             | 2024-11-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| BEAZER HOMES USA                            | Beazer Homes USA Inc                                                             | CUSIP: 07556QBM6<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |    287000 | PA      | $276901.09    | 1.01%             | 2025-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PAR PHARMACEUTICAL INC                      | Par Pharmaceutical Inc                                                           | CUSIP: 69888XAA7<br>LEI: 549300KK5WR4MGN4YT97 | Long             | DBT              | CORP              | US        |    102000 | PA      | $77517.42     | 0.28%             | 2027-04-01      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| PRECISION DRILLING CORP                     | Precision Drilling Corp                                                          | CUSIP: 740212AM7<br>LEI: 549300WF2OE8T5BP4B84 | Long             | DBT              | CORP              | CA        |     34000 | PA      | $31654.23     | 0.12%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TRICIDA INC                                 | Tricida Inc                                                                      | CUSIP: 89610FAB7<br>LEI: 549300QVPFFJC8SZXG25 | Long             | DBT              | CORP              | US        |    136000 | PA      | $12240.00     | 0.04%             | 2027-05-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC                      | Penn Entertainment Inc                                                           | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     42000 | PA      | $33180.15     | 0.12%             | 2029-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| TULLOW OIL PLC                              | Tullow Oil PLC                                                                   | CUSIP: 899415AG8<br>LEI: 2138003EYHWO75RKS857 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $160400.00    | 0.59%             | 2026-05-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                       | McGraw-Hill Education Inc                                                        | CUSIP: 57767XAB6<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    177000 | PA      | $146373.25    | 0.53%             | 2029-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                            | CSC Holdings LLC                                                                 | CUSIP: 126307BK2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    243000 | PA      | $135764.10    | 0.50%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                        | OneMain Finance Corp                                                             | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    175000 | PA      | $144894.75    | 0.53%             | 2027-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                       | Freedom Mortgage Corp                                                            | CUSIP: 35640YAG2<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |     15000 | PA      | $11673.77     | 0.04%             | 2027-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN                    | CQP Holdco LP / BIP-V Chinook Holdco LLC                                         | CUSIP: 12657NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    146000 | PA      | $127532.47    | 0.47%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                    | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $80301.03     | 0.29%             | 2028-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                             | AdaptHealth LLC                                                                  | CUSIP: 00653VAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $80872.55     | 0.30%             | 2030-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ELDORADO GOLD CORP                          | Eldorado Gold Corp                                                               | CUSIP: 284902AF0<br>LEI: 5493004PWQ01YDD1IH62 | Long             | DBT              | CORP              | CA        |    171000 | PA      | $149596.27    | 0.55%             | 2029-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                    | LCM Investments Holdings II LLC                                                  | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    270000 | PA      | $216212.92    | 0.79%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/XO MGMT                      | VistaJet Malta Finance PLC / XO Management Holding Inc                           | CUSIP: 92840JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    201000 | PA      | $181331.12    | 0.66%             | 2027-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                     | Uniti Group LP / Uniti Group Finance Inc / CSL Capital LLC                       | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $92750.00     | 0.34%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ENERFLEX LTD                                | Enerflex Ltd                                                                     | CUSIP: 29269RAA3<br>LEI: 54930014N7872VUS3F89 | Long             | DBT              | CORP              | CA        |    120000 | PA      | $119669.40    | 0.44%             | 2027-10-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                    | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $58081.10     | 0.21%             | 2029-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                      | Energizer Holdings Inc                                                           | CUSIP: 29272WAF6<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    135000 | PA      | $128478.04    | 0.47%             | 2027-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC BOR ESC                    | Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Esc | CUSIP: 43284MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    142000 | PA      | $122120.00    | 0.45%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                     | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153AZ5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     43000 | PA      | $46117.50     | 0.17%             | 2025-06-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| COMMSCOPE INC                               | CommScope Inc                                                                    | CUSIP: 203372AX5<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    115000 | PA      | $92713.00     | 0.34%             | 2029-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                       | Mineral Resources Ltd                                                            | CUSIP: 603051AC7<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |     70000 | PA      | $71576.40     | 0.26%             | 2027-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PROMONTORIA HOLDING                         | Promontoria Holding 264 BV                                                       | CUSIP: 74349MAA4<br>LEI: 54930014SXEXD3RX1509 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $185255.30    | 0.68%             | 2027-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| GOTO GROUP INC                              | GoTo Group Inc                                                                   | CUSIP: 541056AA5<br>LEI: 549300D12V5KRBV00592 | Long             | DBT              | CORP              | US        |    200000 | PA      | $107564.38    | 0.39%             | 2027-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VIKING OCEAN CRUISES SHI                    | Viking Ocean Cruises Ship VII Ltd                                                | CUSIP: 92682RAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     80000 | PA      | $64400.00     | 0.24%             | 2029-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC                     | Stagwell Global LLC                                                              | CUSIP: 59565JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    231000 | PA      | $190477.98    | 0.70%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| XPO ESCROW SUB LLC                          | XPO Escrow Sub LLC                                                               | CUSIP: 98379JAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $106251.60    | 0.39%             | 2027-11-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OP LLC                      | Clearway Energy Operating LLC                                                    | CUSIP: 18539UAE5<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |     65000 | PA      | $52248.67     | 0.19%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SEAWORLD PARKS & ENTERTA                    | SeaWorld Parks & Entertainment Inc                                               | CUSIP: 81282UAG7<br>LEI: 549300UZV72O3371JJ53 | Long             | DBT              | CORP              | US        |    220000 | PA      | $191553.74    | 0.70%             | 2029-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                         | NCL Corp Ltd                                                                     | CUSIP: 62886HBG5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    135000 | PA      | $101592.90    | 0.37%             | 2029-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                               | Parkland Corp/Alberta                                                            | CUSIP: 70137WAL2<br>LEI: 549300XHQS1JYWBNK868 | Long             | DBT              | CORP              | CA        |    230000 | PA      | $190325.00    | 0.69%             | 2030-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| DIEBOLD NIXDORF INC                         | Diebold Nixdorf Inc                                                              | CUSIP: 253651AH6<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |    195000 | PA      | $191936.55    | 0.70%             | 2026-10-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ALLEGIANT TRAVEL CO                         | Allegiant Travel Co                                                              | CUSIP: 01748XAD4<br>LEI: 549300JM9OZXOHWL2K18 | Long             | DBT              | CORP              | US        |     35000 | PA      | $33290.66     | 0.12%             | 2027-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                      | AthenaHealth Group Inc                                                           | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |    270000 | PA      | $198971.69    | 0.73%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TRIMAS CORP                                 | TriMas Corp                                                                      | CUSIP: 896215AH3<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | DBT              | CORP              | US        |    210000 | PA      | $183225.00    | 0.67%             | 2029-04-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| INSMED INC                                  | Insmed Inc                                                                       | CUSIP: 457669AB5<br>LEI: 529900Q55QAG41CCAC11 | Long             | DBT              | CORP              | US        |     55000 | PA      | $45375.00     | 0.17%             | 2028-06-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| AIR CANADA                                  | Air Canada                                                                       | CUSIP: 008911BF5<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |     92000 | PA      | $109190.36    | 0.40%             | 2025-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OP LLC                      | Clearway Energy Operating LLC                                                    | CUSIP: 18539UAD7<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |    105000 | PA      | $87176.14     | 0.32%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                    | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    238000 | PA      | $174756.26    | 0.64%             | 2029-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                     | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BL5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    120000 | PA      | $120507.60    | 0.44%             | 2027-08-15      | Fixed         | 11.62%                | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                      | WESCO Distribution Inc                                                           | CUSIP: 95081QAN4<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     90000 | PA      | $91126.09     | 0.33%             | 2025-06-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BENTLEY SYSTEMS                             | Bentley Systems Inc                                                              | CUSIP: 08265TAD1<br>LEI: 549300WVEHPGE0Z56F71 | Long             | DBT              | CORP              | US        |     82000 | PA      | $66748.00     | 0.24%             | 2027-07-01      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Pioneer ILS Interval Fund                   | Pioneer ILS Interval Fund                                                        | CUSIP: 72369L107<br>LEI: 549300LH2MO2SJZYNC86 | Long             | EC               | RF                | US        |     62882 | NS      | $509971.47    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| SURGERY CENTER HOLDINGS INC                 | Surgery Center Holdings Inc                                                      | CUSIP: 86880NAX1<br>LEI: 54930054EVI5HWPPW113 | Long             | LON              | CORP              | US        |     22198 | PA      | $21943.01     | 0.08%             | 2026-08-31      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS                     | Surgery Center Holdings Inc                                                      | CUSIP: 84611WAB0<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |     27000 | PA      | $26615.49     | 0.10%             | 2025-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM ESCROW LLC                       | Windstream Escrow LLC / Windstream Escrow Finance Corp                           | CUSIP: 97382WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $150742.67    | 0.55%             | 2028-08-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                    | Prime Security Services Borrower LLC / Prime Finance Inc                         | CUSIP: 74166MAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $136524.00    | 0.50%             | 2028-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AVATION CAPITAL SA                          | Avation Capital SA                                                               | CUSIP: 05351CAA5<br>LEI: 54930056OEYSV06OMD90 | Long             | DBT              | CORP              | LU        |    167837 | PA      | $131752.05    | 0.48%             | 2026-10-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| JAMF HOLDING CORP                           | Jamf Holding Corp                                                                | CUSIP: 47074LAB1<br>LEI: 254900IHLXZU4Z5ANA12 | Long             | DBT              | CORP              | US        |     60000 | PA      | $49380.00     | 0.18%             | 2026-09-01      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| MED Trust                                   | Med Trust 2021-MDLN                                                              | CUSIP: 58403YBA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $90255.38     | 0.33%             | 2038-11-15      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                              | Brink's Co/The                                                                   | CUSIP: 109696AB0<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    140000 | PA      | $137455.96    | 0.50%             | 2025-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                      | Energizer Holdings Inc                                                           | CUSIP: 29272WAC3<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    112000 | PA      | $97059.57     | 0.35%             | 2028-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TERVITA CORP                                | Tervita Corp                                                                     | CUSIP: 88159EAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     89000 | PA      | $95681.10     | 0.35%             | 2025-12-01      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| KOPPERS INC                                 | Koppers Inc                                                                      | CUSIP: 500605AH3<br>LEI: LTO4ZL5EBDR1NE6FGJ36 | Long             | DBT              | CORP              | US        |     79000 | PA      | $75050.00     | 0.27%             | 2025-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CARPENTER TECHNOLOGY                        | Carpenter Technology Corp                                                        | CUSIP: 144285AM5<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160381.90    | 0.59%             | 2030-03-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| SPECTRUM BRANDS INC                         | Spectrum Brands Inc                                                              | CUSIP: 84762LAU9<br>LEI: 549300VU3EH2E73C1Q04 | Long             | DBT              | CORP              | US        |     12000 | PA      | $11864.21     | 0.04%             | 2025-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                      | Delek Logistics Partners LP / Delek Logistics Finance Corp                       | CUSIP: 24665FAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $158579.85    | 0.58%             | 2025-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                | Calpine Corp                                                                     | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    150000 | PA      | $133843.92    | 0.49%             | 2028-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                 | Gap Inc/The                                                                      | CUSIP: 364760AP3<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |     35000 | PA      | $24689.00     | 0.09%             | 2029-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| KB HOME                                     | KB Home                                                                          | CUSIP: 48666KAZ2<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |     89000 | PA      | $71542.65     | 0.26%             | 2031-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES LTD                       | Nabors Industries Ltd                                                            | CUSIP: 629571AB6<br>LEI: 5493008TXYN3II3PU369 | Long             | DBT              | CORP              | BM        |    100000 | PA      | $91489.61     | 0.33%             | 2028-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                        | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AG6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    134000 | PA      | $134335.00    | 0.49%             | 2026-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| REALOGY GROUP LLC / REALOGY CO-ISSUER CORP  | REALOGY GROUP LLC / REALOGY CO-ISSUER CORP                                       | CUSIP: 75606DAQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $160492.20    | 0.59%             | 2030-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SRS DISTRIBUTION INC                        | SRS Distribution Inc                                                             | CUSIP: 78471RAC0<br>LEI: 549300ZQ3XP75BCYM468 | Long             | DBT              | CORP              | US        |     35000 | PA      | $28298.20     | 0.10%             | 2029-07-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** PIONEER VARIABLE CONTRACTS TRUST /MA/

**Signature:** Anthony J. Koenig, Jr

**Name of Signer:** Anthony J. Koenig, Jr

**Title:** Managing Director, Chief Operations Officer & Treasurer of the Funds