# EDGAR Filing Document

**Accession Number:** 0001547950
**File Stem:** 0001752724-23-034900
**Filing Date:** 2023-2
**Character Count:** 99705
**Document Hash:** 343aa1de0521b131ff7483337961074c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-034900.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-034900

**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**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Exchange Listed Funds Trust
- **CENTRAL INDEX KEY:** 0001547950
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22700
- **FILM NUMBER:** 23656975

**BUSINESS ADDRESS:**
- **STREET 1:** 10900 HEFNER POINTE DRIVE
- **STREET 2:** SUITE 400
- **CITY:** OKLAHOMA CITY
- **STATE:** OK
- **ZIP:** 73120
- **BUSINESS PHONE:** 405-778-8377

**MAIL ADDRESS:**
- **STREET 1:** 10900 HEFNER POINTE DRIVE
- **STREET 2:** SUITE 400
- **CITY:** OKLAHOMA CITY
- **STATE:** OK
- **ZIP:** 73120

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Exchange Traded Concepts Trust II
- **DATE OF NAME CHANGE:** 20120420

## Series and Classes Contracts Data

### High Yield ETF (Series ID: S000061845)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000200224 | High Yield ETF | HYLD            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Exchange Listed Funds Trust

- **b. Investment Company Act file number:** 811-22700

- **c. CIK number of Registrant:** 0001547950

- **d. LEI of Registrant:** 549300NACQI9T12KM079

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

  - **Street Address 1:** 10900 Hefner Pointe Drive

  - **City:** Oklahoma City

  - **State:** OK

  - **Foreign country:** US

  - **Zip / Postal Code:** 73120

  - **Telephone number:** 405-778-8377

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

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

- **b. EDGAR series identifier (if any):** S000061845

- **c. LEI of Series:** 5493001PL71QQSRU0550

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

- **a. Date of fiscal year-end:** 2023-06-30

- **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:** $89281078.52

**Total Liabilities:** $5832582.93

**Net Assets:** $83448495.59

**Cash Not Reported:** $152986.60

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 8.85612000 | **1-Year:** 222.52509000 | **5-Year:** 2177.39500000 | **10-Year:** 3740.39006000 | **30-Year:** 271.86746000

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

- **3-Month:** 19.23723000 | **1-Year:** 5499.98067000 | **5-Year:** 13874.68214000 | **10-Year:** 4321.49423000 | **30-Year:** 57.65968000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000200224 | 0.61%                | 1.33%                | -0.23%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $18036.00                | $209119.67                                 |
| Month 2  | $-626520.92              | $1306912.86                                |
| Month 3  | $-502439.42              | $-222876.93                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BAUSCH HEALTH COS INC                                       | Bausch Health Cos Inc                                                    | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    118000 | PA      | $92611.67     | 0.11%             | 2028-09-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Redstone Holdco 2 LP                                        | RSA SECURITY (RE 04/16/29                                                | CUSIP: 75774EAK1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $506879.99    | 0.61%             | 2029-08-06      | Floating      | 12.12%                | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                          | Howard Hughes Corp/The                                                   | CUSIP: 44267DAE7<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    407000 | PA      | $341450.62    | 0.41%             | 2029-02-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| INFRABUILD AUSTRALIA PTY                                    | Infrabuild Australia Pty Ltd                                             | CUSIP: 45682RAA8<br>LEI: 549300W2CPB5W6GFH859 | Long             | DBT              | CORP              | AU        |    502000 | PA      | $487698.02    | 0.58%             | 2024-10-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                                      | Adient Global Holdings Ltd                                               | CUSIP: 00687YAA3<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    400000 | PA      | $372976.00    | 0.45%             | 2026-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PETROBRAS GLOBAL FINANCE                                    | Petrobras Global Finance BV                                              | CUSIP: 71647NAK5<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    448000 | PA      | $430891.70    | 0.52%             | 2044-03-17      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MERCER INTL INC                                             | Mercer International Inc                                                 | CUSIP: 588056BB6<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |    500000 | PA      | $418740.00    | 0.50%             | 2029-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                                          | PBF Holding Co LLC / PBF Finance Corp                                    | CUSIP: 69318FAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    234000 | PA      | $231629.58    | 0.28%             | 2025-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| KORN/FERRY INTERNATIONAL                                    | Korn Ferry                                                               | CUSIP: 50067PAA7<br>LEI: 549300FOD20OM0GT5G40 | Long             | DBT              | CORP              | US        |    576000 | PA      | $531492.48    | 0.64%             | 2027-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| LAND O LAKES CAP TRST I                                     | Land O'Lakes Capital Trust I                                             | CUSIP: 514665AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    391000 | PA      | $383180.00    | 0.46%             | 2028-03-15      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                     | United Rentals North America Inc                                         | CUSIP: 911365BP8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    234000 | PA      | $191208.42    | 0.23%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VENATOR FIN SARL/VENATOR                                    | Venator Finance Sarl / Venator Materials LLC                             | CUSIP: 9226APAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    358000 | PA      | $122822.64    | 0.15%             | 2025-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ENOVA INTERNATIONAL INC                                     | Enova International Inc                                                  | CUSIP: 29357KAD5<br>LEI: 549300O8XOCQSB49UO63 | Long             | DBT              | CORP              | US        |    406000 | PA      | $382765.69    | 0.46%             | 2024-09-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| DIANA SHIPPING INC                                          | Diana Shipping Inc                                                       | CUSIP: 000000000<br>LEI: 549300XD7FHNJ0THIV12 | Long             | DBT              | CORP              | MH        |    500000 | PA      | $480000.00    | 0.58%             | 2026-06-22      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| PARK-OHIO INDUSTRIES INC                                    | Park-Ohio Industries Inc                                                 | CUSIP: 700677AR8<br>LEI: 5493006LQUO5SLMNYM18 | Long             | DBT              | CORP              | US        |    363000 | PA      | $247173.96    | 0.30%             | 2027-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Cobra Holdings Inc                                          | MANDOLIN TECHNOL 07/08/29                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $905000.00    | 1.08%             | 2029-07-06      | Floating      | 10.87%                | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                            | CSC Holdings LLC                                                         | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    500000 | PA      | $283097.50    | 0.34%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VIRGIN AUSTRALIA HOLDING                                    | Virgin Australia Holdings Pty Ltd                                        | CUSIP: 92765YAG2<br>LEI: 254900SNPW6V9967CJ18 | Long             | DBT              | CORP              | AU        |    146990 | PA      | $826.82       | 0.00%             | 2021-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BRISTOW GROUP INC                                           | Bristow Group Inc                                                        | CUSIP: 11040GAA1<br>LEI: 5493005Q24EN3UC1PV68 | Long             | DBT              | CORP              | US        |    560000 | PA      | $516101.50    | 0.62%             | 2028-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Summit Behavioral Healthcare LLC                            | SUMMIT BEHAVIORA 11/08/29                                                | CUSIP: 86602KAE6<br>LEI: 254900QVBD0VL3INID05 | Long             | LON              | CORP              | US        |   1000000 | PA      | $890000.00    | 1.07%             | 2029-11-24      | Floating      | 12.14%                | No            |                  2 | On Loan: No      |
| TOPBUILD CORP                                               | TopBuild Corp                                                            | CUSIP: 89055FAC7<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |    234000 | PA      | $190488.87    | 0.23%             | 2032-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PM GENERAL PURCHASER LLC                                    | PM General Purchaser LLC                                                 | CUSIP: 69356MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    497000 | PA      | $379822.72    | 0.46%             | 2028-10-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| NEW HOME CO INC/THE                                         | New Home Co Inc/The                                                      | CUSIP: 645370AC1<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |    432000 | PA      | $366512.95    | 0.44%             | 2025-10-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES HOLDINGS                                    | United Airlines Holdings Inc                                             | CUSIP: 910047AK5<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |    490000 | PA      | $468792.80    | 0.56%             | 2025-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MARATHON PETROLEUM CORP                                     | Marathon Petroleum Corp                                                  | CUSIP: 56585AAJ1<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |    448000 | PA      | $378913.78    | 0.45%             | 2054-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOTHEBY'S                                                   | Sotheby's                                                                | CUSIP: 835898AH0<br>LEI: 549300P5BAAMQQ7VL735 | Long             | DBT              | CORP              | US        |     94000 | PA      | $88285.68     | 0.11%             | 2027-10-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                                      | Harvest Midstream I LP                                                   | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    351000 | PA      | $335861.37    | 0.40%             | 2028-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CIMPRESS PLC                                                | Cimpress PLC                                                             | CUSIP: 17186HAC6<br>LEI: 549300X1IFD75XISOR81 | Long             | DBT              | CORP              | IE        |    395000 | PA      | $273687.60    | 0.33%             | 2026-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| C&W SENIOR FINANCING DAC                                    | C&W Senior Financing DAC                                                 | CUSIP: 12674TAA4<br>LEI: 5493009O8OIWZPZRY516 | Long             | DBT              | CORP              | IE        |    300000 | PA      | $279654.00    | 0.34%             | 2027-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NEWS CORP                                                   | News Corp                                                                | CUSIP: 65249BAB5<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |    234000 | PA      | $213278.13    | 0.26%             | 2032-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                       | PennyMac Financial Services Inc                                          | CUSIP: 70932MAB3<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    476000 | PA      | $371936.29    | 0.45%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                    | Hilton Domestic Operating Co Inc                                         | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    234000 | PA      | $187803.72    | 0.23%             | 2032-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| TELEFLEX INC                                                | Teleflex Inc                                                             | CUSIP: 879369AG1<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | DBT              | CORP              | US        |    439000 | PA      | $401522.57    | 0.48%             | 2028-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MERLIN ENTERTAINMENTS                                       | Merlin Entertainments Ltd                                                | CUSIP: 59010QAB2<br>LEI: 549300ZTI0VEFO6WV007 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $562690.50    | 0.67%             | 2026-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JP Intermediate B LLC                                       | JP INTERMEDIATE 11/15/25                                                 | CUSIP: 46650KAB7<br>LEI: 549300PC0CHCVUMNS121 | Long             | LON              | CORP              | US        |    893249 | PA      | $652071.89    | 0.78%             | 2025-11-20      | Floating      | 10.16%                | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                     | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp             | CUSIP: 87470LAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    299000 | PA      | $265637.58    | 0.32%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                     | HCA Inc                                                                  | CUSIP: 404119AJ8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     64000 | PA      | $67657.57     | 0.08%             | 2033-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                                | Calpine Corp                                                             | CUSIP: 131347CQ7<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    412000 | PA      | $346698.58    | 0.42%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JW ALUMINUM CONT CAST CO                                    | JW Aluminum Continuous Cast Co                                           | CUSIP: 46648XAA6<br>LEI: 5493008HJ8BWQC8XAF08 | Long             | DBT              | CORP              | US        |    455000 | PA      | $463943.03    | 0.56%             | 2026-06-01      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| ROLLS-ROYCE PLC                                             | Rolls-Royce PLC                                                          | CUSIP: 77578JAC2<br>LEI: X57JK1U580XATGR67572 | Long             | DBT              | CORP              | GB        |    750000 | PA      | $715597.50    | 0.86%             | 2027-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                       | Molina Healthcare Inc                                                    | CUSIP: 60855RAL4<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    234000 | PA      | $194660.94    | 0.23%             | 2032-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CORECIVIC INC                                               | CoreCivic Inc                                                            | CUSIP: 21871NAA9<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |    543000 | PA      | $472148.61    | 0.57%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KWG GROUP HOLDINGS                                          | KWG Group Holdings Ltd                                                   | CUSIP: 000000000<br>LEI: 549300LK82ZOM9ZE7H90 | Long             | DBT              | CORP              | KY        |    250000 | PA      | $92884.71     | 0.11%             | 2027-01-13      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                      | Comstock Resources Inc                                                   | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    476000 | PA      | $430451.56    | 0.52%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WEEKLEY HOMES LLC/ FINAN                                    | Weekley Homes LLC / Weekley Finance Corp                                 | CUSIP: 948565AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    335000 | PA      | $282083.63    | 0.34%             | 2028-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| OIL STATES INTL INC                                         | Oil States International Inc                                             | CUSIP: 678026AH8<br>LEI: 5493004TF4KQJGMYL777 | Long             | DBT              | CORP              | US        |    560000 | PA      | $557900.00    | 0.67%             | 2023-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT HOLDINGS INC                                      | Open Text Holdings Inc                                                   | CUSIP: 683720AC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $389370.24    | 0.47%             | 2031-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                             | Fair Isaac Corp                                                          | CUSIP: 303250AF1<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    356000 | PA      | $323702.26    | 0.39%             | 2028-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TECK RESOURCES LIMITED                                      | Teck Resources Ltd                                                       | CUSIP: 878742AW5<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | DBT              | CORP              | CA        |    444000 | PA      | $439569.49    | 0.53%             | 2041-07-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| OLIN CORP                                                   | Olin Corp                                                                | CUSIP: 680665AL0<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    539000 | PA      | $513006.73    | 0.61%             | 2029-08-01      | Fixed         | 5.62%                 | 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      | $185844.00    | 0.22%             | 2026-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| WW INTERNATIONAL INC                                        | WW International Inc                                                     | CUSIP: 98262PAA9<br>LEI: SGT8R1MU6ESIC7UJC518 | Long             | DBT              | CORP              | US        |    407000 | PA      | $203862.23    | 0.24%             | 2029-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                    | CHS/Community Health Systems Inc                                         | CUSIP: 12543DBD1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    198000 | PA      | $178653.19    | 0.21%             | 2027-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| National Intergovernmental Purchasing Alliance Co           | NATIONAL INTERGO 05/22/26                                                | CUSIP: 63653YAE3<br>LEI: 549300SMECQREC3K2B56 | Long             | LON              | CORP              | US        |    493312 | PA      | $488378.39    | 0.59%             | 2026-05-23      | Floating      | 11.96%                | No            |                  2 | On Loan: No      |
| SUNAC CHINA HOLDINGS LTD                                    | Sunac China Holdings Ltd                                                 | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | DBT              | CORP              | KY        |    300000 | PA      | $65750.91     | 0.08%             | 2025-01-10      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                        | LifePoint Health Inc                                                     | CUSIP: 53219LAU3<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    326000 | PA      | $184659.44    | 0.22%             | 2029-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OP CORP                                     | Gulfport Energy Corp                                                     | CUSIP: 402635AR7<br>LEI: 254900DJRGZBUZ3F5038 | Long             | DBT              | CORP              | US        |    500000 | PA      | $488137.50    | 0.58%             | 2026-05-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE CHEMICAL CO                                     | Cornerstone Chemical Co                                                  | CUSIP: 21925AAE5<br>LEI: BL03B05TRUKQ14Y1HC46 | Long             | DBT              | CORP              | US        |    162000 | PA      | $129855.98    | 0.16%             | 2024-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BYJU's Alpha Inc                                            | THINK & LEARN PR 11/05/26                                                | CUSIP: 000000000<br>LEI: 254900EAJ040Y8AVVN71 | Long             | LON              | CORP              | US        |    992500 | PA      | $800376.81    | 0.96%             | 2026-11-24      | Floating      | 10.76%                | No            |                  2 | On Loan: No      |
| BASIC ENERGY SERVICES                                       | Basic Energy Services Inc                                                | CUSIP: 000000000<br>LEI: 5493006BE5UNWTVG4F46 | Long             | DBT              | CORP              | US        |   1978000 | PA      | $83867.20     | 0.10%             | 2023-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MESQUITE ENERGY INC                                         | MESQUITE ENERGY INC                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1902000 | PA      | $12363.00     | 0.01%             | 2023-02-15      | Fixed         | 7.25%                 | No            |                  3 | On Loan: No      |
| WHEEL PROS INC                                              | Wheel Pros Inc                                                           | CUSIP: 96289WAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    276000 | PA      | $97980.00     | 0.12%             | 2029-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TEGNA INC                                                   | TEGNA Inc                                                                | CUSIP: 87901JAH8<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |    260000 | PA      | $247274.30    | 0.30%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Party City Holdings                                         | Party City Holdings                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19290 | NS      | $1350.30      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PHOTO HOLDINGS MERGER SU                                    | Photo Holdings Merger Sub Inc                                            | CUSIP: 719245AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    331000 | PA      | $191417.78    | 0.23%             | 2026-10-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                       | Genesis Energy LP / Genesis Energy Finance Corp                          | CUSIP: 37185LAM4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    560000 | PA      | $528623.20    | 0.63%             | 2027-01-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| WEATHERFORD INTERNATIONA                                    | Weatherford International Ltd                                            | CUSIP: 947075AU1<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |    365000 | PA      | $351164.03    | 0.42%             | 2030-04-30      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM UK HOLDINGS                                       | TransDigm UK Holdings PLC                                                | CUSIP: 89365DAB9<br>LEI: 549300JTYP71LZZSE903 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $244515.91    | 0.29%             | 2026-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VERITAS US INC/BERMUDA L                                    | Veritas US Inc / Veritas Bermuda Ltd                                     | CUSIP: 92346LAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    466000 | PA      | $322637.10    | 0.39%             | 2025-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| UNIFRAX ESCROW ISS CORP                                     | ASP Unifrax Holdings Inc                                                 | CUSIP: 90473LAA0<br>LEI: 549300RRU6BWJLD0YT71 | Long             | DBT              | CORP              | US        |    440000 | PA      | $354606.81    | 0.42%             | 2028-09-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL                                    | Cheplapharm Arzneimittel GmbH                                            | CUSIP: 16412EAA5<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |    650000 | PA      | $544557.00    | 0.65%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                                | Calpine Corp                                                             | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    576000 | PA      | $514203.26    | 0.62%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WESCO AIRCRAFT HOLDINGS                                     | Wesco Aircraft Holdings Inc                                              | CUSIP: 97789LAB2<br>LEI: 529900P5VTXZS191P208 | Long             | DBT              | CORP              | US        |    312000 | PA      | $211380.00    | 0.25%             | 2026-11-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                            | T-Mobile USA Inc                                                         | CUSIP: 87264ABT1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    476000 | PA      | $393785.23    | 0.47%             | 2031-02-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| TRANSALTA CORP                                              | TransAlta Corp                                                           | CUSIP: 89346DAE7<br>LEI: GJZNVO2UY6DNFNIYH321 | Long             | DBT              | CORP              | CA        |    292000 | PA      | $269534.61    | 0.32%             | 2040-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                               | Carnival Corp                                                            | CUSIP: 143658BN1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    570000 | PA      | $407988.90    | 0.49%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                                    | LCM Investments Holdings II LLC                                          | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    500000 | PA      | $401044.30    | 0.48%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Cardinal Parent Inc                                         | CARDINAL PARENT, 11/13/28                                                | CUSIP: 000000000<br>LEI: 5493009YXQNPN3HQQH84 | Long             | LON              | CORP              | US        |     25702 | PA      | $23003.07     | 0.03%             | 2028-11-12      | Floating      | 12.04%                | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                       | Wells Fargo & Co                                                         | CUSIP: 949746804<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |       244 | NS      | $289140.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                     | Teva Pharmaceutical Finance Netherlands III BV                           | CUSIP: 88167AAQ4<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $445923.57    | 0.53%             | 2029-05-09      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| COINBASE GLOBAL INC                                         | Coinbase Global Inc                                                      | CUSIP: 19260QAB3<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |    468000 | PA      | $266684.43    | 0.32%             | 2026-06-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                                            | ITT Holdings LLC                                                         | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |    407000 | PA      | $343514.11    | 0.41%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                                    | Sinclair Television Group Inc                                            | CUSIP: 829259AW0<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    248000 | PA      | $202663.64    | 0.24%             | 2027-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                                     | Asbury Automotive Group Inc                                              | CUSIP: 043436AV6<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    500000 | PA      | $418848.31    | 0.50%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LCPR SR SECURED FIN DAC                                     | LCPR Senior Secured Financing DAC                                        | CUSIP: 50201DAA1<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | IE        |    500000 | PA      | $468660.00    | 0.56%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                              | Sabre GLBL Inc                                                           | CUSIP: 78573NAF9<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    290000 | PA      | $277598.93    | 0.33%             | 2025-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                                       | Directv Financing LLC / Directv Financing Co-Obligor Inc                 | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $448280.00    | 0.54%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LAREDO PETROLEUM INC                                        | Laredo Petroleum Inc                                                     | CUSIP: 516806AH9<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    371000 | PA      | $334413.43    | 0.40%             | 2029-07-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                                          | Ford Motor Co                                                            | CUSIP: 345370CQ1<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    592000 | PA      | $426530.44    | 0.51%             | 2043-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CENOVUS ENERGY INC                                          | Cenovus Energy Inc                                                       | CUSIP: 15135UAF6<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |    212000 | PA      | $221650.67    | 0.27%             | 2039-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                                        | IHO Verwaltungs GmbH                                                     | CUSIP: 44963BAD0<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |    850000 | PA      | $719977.45    | 0.86%             | 2029-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CENTURY ALUMINUM COMPANY                                    | Century Aluminum Co                                                      | CUSIP: 156431AN8<br>LEI: 549300U5ODNGEYWKSW73 | Long             | DBT              | CORP              | US        |    560000 | PA      | $485294.78    | 0.58%             | 2028-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                            | LPL Holdings Inc                                                         | CUSIP: 50212YAD6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    500000 | PA      | $435725.00    | 0.52%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GENWORTH HOLDINGS INC                                       | Genworth Holdings Inc                                                    | CUSIP: 37247DAB2<br>LEI: PXDECZED7L8SRUP41R09 | Long             | DBT              | CORP              | US        |    325000 | PA      | $286601.60    | 0.34%             | 2034-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WEST CHINA CEMENT LTD                                       | West China Cement Ltd                                                    | CUSIP: 000000000<br>LEI: 529900MMG3NBTIWPPR63 | Long             | DBT              | CORP              | JE        |    500000 | PA      | $425000.00    | 0.51%             | 2026-07-08      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                                    | Rockies Express Pipeline LLC                                             | CUSIP: 77340RAT4<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    323000 | PA      | $284802.18    | 0.34%             | 2030-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ALLIANCE RES OP/FINANCE                                     | Alliance Resource Operating Partners LP / Alliance Resource Finance Corp | CUSIP: 01879NAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    331000 | PA      | $329030.55    | 0.39%             | 2025-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                                | ADT Security Corp/The                                                    | CUSIP: 74166NAA2<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    358000 | PA      | $304874.18    | 0.37%             | 2032-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                                | Novelis Corp                                                             | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    476000 | PA      | $423078.32    | 0.51%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NORTHWEST FIBER LLC/NORT                                    | Northwest Fiber LLC / Northwest Fiber Finance Sub Inc                    | CUSIP: 667449AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    234000 | PA      | $206180.36    | 0.25%             | 2027-04-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                    | Univision Communications Inc                                             | CUSIP: 914906AS1<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    157000 | PA      | $149843.97    | 0.18%             | 2025-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SPRINT CAPITAL CORP                                         | Sprint Capital Corp                                                      | CUSIP: 852060AT9<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |    468000 | PA      | $558022.14    | 0.67%             | 2032-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PAR PETRO LLC / FIN CORP                                    | Par Petroleum LLC / Par Petroleum Finance Corp                           | CUSIP: 69889MAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    533000 | PA      | $514177.11    | 0.62%             | 2025-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Sound Inpatient Physicians Holdings LLC                     | SOUND INPATIENT 06/26/26                                                 | CUSIP: 83607JAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1069939 | PA      | $845925.63    | 1.01%             | 2026-06-28      | Floating      | 11.48%                | No            |                  2 | On Loan: No      |
| CRESTWOOD MID PARTNER LP                                    | Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp       | CUSIP: 67421QAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    560000 | PA      | $558068.17    | 0.67%             | 2029-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PGIM Global High Yield Fund Inc                             | PGIM Global High Yield Fund Inc                                          | CUSIP: 69346J106<br>LEI: F0ATD1Y4J8CHDKHSLD09 | Long             | EC               | RF                | US        |     23084 | NS      | $250230.56    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                                      | Goodyear Tire & Rubber Co/The                                            | CUSIP: 382550BG5<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    133000 | PA      | $121853.27    | 0.15%             | 2027-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MATIV HOLDINGS INC                                          | Mativ Holdings Inc                                                       | CUSIP: 808541AA4<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |    159000 | PA      | $140694.33    | 0.17%             | 2026-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ENERGY CO                                      | Southwestern Energy Co                                                   | CUSIP: 845467AP4<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |    351000 | PA      | $362489.57    | 0.43%             | 2028-09-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| MSCI INC                                                    | MSCI Inc                                                                 | CUSIP: 55354GAL4<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |    376000 | PA      | $313283.20    | 0.38%             | 2031-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MSCI INC                                                    | MSCI Inc                                                                 | CUSIP: 55354GAK6<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |    476000 | PA      | $396519.90    | 0.48%             | 2030-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                                 | Staples Inc                                                              | CUSIP: 855030AP7<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |    464000 | PA      | $334859.52    | 0.40%             | 2027-04-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| EHI CAR SERVICES LTD                                        | eHi Car Services Ltd                                                     | CUSIP: 000000000<br>LEI: 549300S8KJWK9EJS6Z44 | Long             | DBT              | CORP              | KY        |    350000 | PA      | $232750.00    | 0.28%             | 2024-11-14      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TUTOR PERINI CORP                                           | Tutor Perini Corp                                                        | CUSIP: 901109AF5<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | DBT              | CORP              | US        |    448000 | PA      | $392706.35    | 0.47%             | 2025-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                                        | Kraft Heinz Foods Co                                                     | CUSIP: 50076QAN6<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    476000 | PA      | $507808.70    | 0.61%             | 2040-02-09      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VALARIS LTD                                                 | Valaris Ltd                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    326000 | PA      | $328322.90    | 0.39%             | 2028-04-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                       | Mineral Resources Ltd                                                    | CUSIP: 603051AA1<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    233000 | PA      | $235016.32    | 0.28%             | 2027-05-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| STENA INTERNATIONAL SA                                      | Stena International SA                                                   | CUSIP: 85858EAB9<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |    500000 | PA      | $466972.50    | 0.56%             | 2025-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                                   | PG&E Corp                                                                | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    500000 | PA      | $455767.50    | 0.55%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                    | Occidental Petroleum Corp                                                | CUSIP: 674599DH5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    448000 | PA      | $486628.80    | 0.58%             | 2039-06-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Balrog Acquisition Inc                                      | BAKEMARK HOLDING 08/02/29                                                | CUSIP: 05878UAD3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $945000.00    | 1.13%             | 2029-09-03      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                    | Occidental Petroleum Corp                                                | CUSIP: 674599DR3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    351000 | PA      | $364488.93    | 0.44%             | 2028-05-15      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                | Centene Corp                                                             | CUSIP: 15135BAW1<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    500000 | PA      | $411002.12    | 0.49%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GRANITE POINT MTGE TRST                                     | Granite Point Mortgage Trust Inc                                         | CUSIP: 38741LAC1<br>LEI: 529900VX2HQZ76AYIE02 | Long             | DBT              | CORP              | US        |    622000 | PA      | $608938.00    | 0.73%             | 2023-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MARATHON OIL CORP                                           | Marathon Oil Corp                                                        | CUSIP: 565849AE6<br>LEI: 1FRVQX2CRLGC1XLP5727 | Long             | DBT              | CORP              | US        |    261000 | PA      | $262183.41    | 0.31%             | 2037-10-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| NSG HOLDINGS LLC/NSG HLD                                    | NSG Holdings LLC / NSG Holdings Inc                                      | CUSIP: 62940QAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     92472 | PA      | $89979.83     | 0.11%             | 2025-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| JP MORGAN U.S. GOVERNMENT MONEY MARKET INSTITUTIONAL SHARES | JP MORGAN U.S. GOVERNMENT MONEY MARKET INSTITUTIONAL SHARES              | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1701975 | NS      | $1701974.74   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN AIRLINES INC                                       | American Airlines Inc                                                    | CUSIP: 023771S58<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    316000 | PA      | $339607.73    | 0.41%             | 2025-07-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| NCR CORP                                                    | NCR Corp                                                                 | CUSIP: 62886EAZ1<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |    198000 | PA      | $163673.73    | 0.20%             | 2030-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LSB INDUSTRIES                                              | LSB Industries Inc                                                       | CUSIP: 502160AN4<br>LEI: 5493001H215A0HG0MI71 | Long             | DBT              | CORP              | US        |    476000 | PA      | $436123.10    | 0.52%             | 2028-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                               | PRA Group Inc                                                            | CUSIP: 69354NAC0<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    351000 | PA      | $339732.02    | 0.41%             | 2025-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Nuveen Credit Strategies Income Fund                        | Nuveen Credit Strategies Income Fund                                     | CUSIP: 67073D102<br>LEI: W4CSTD4RDGQSJ4FOVO30 | Long             | EC               | RF                | US        |     50228 | NS      | $255660.52    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I HOMES INC                                               | M/I Homes Inc                                                            | CUSIP: 55305BAS0<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |    292000 | PA      | $259891.68    | 0.31%             | 2028-02-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC                                     | New Fortress Energy Inc                                                  | CUSIP: 644393AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    457000 | PA      | $425284.20    | 0.51%             | 2026-09-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AllianceBernstein Global High Income Fund Inc               | AllianceBernstein Global High Income Fund Inc                            | CUSIP: 01879R106<br>LEI: AE2ZT9UGMEIJ7T4R5734 | Long             | EC               | CORP              | US        |     27704 | NS      | $255430.88    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                      | CCO Holdings LLC / CCO Holdings Capital Corp                             | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $402200.00    | 0.48%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ARD FINANCE SA                                              | ARD Finance SA                                                           | CUSIP: 00191AAD8<br>LEI: 6354006P6QPGGPVJW880 | Long             | DBT              | CORP              | LU        |    350000 | PA      | $244183.98    | 0.29%             | 2027-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL/CONNE                                    | Connect Finco SARL / Connect US Finco LLC                                | CUSIP: 20752TAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    500000 | PA      | $464409.76    | 0.56%             | 2026-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                                  | Viasat Inc                                                               | CUSIP: 92552VAN0<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |    248000 | PA      | $186458.25    | 0.22%             | 2028-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DoubleLine Income Solutions Fund                            | DoubleLine Income Solutions Fund                                         | CUSIP: 258622109<br>LEI: 549300RGXFCKJWYUTL28 | Long             | EC               | RF                | US        |     21480 | NS      | $238213.20    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                    | 1011778 BC ULC / New Red Finance Inc                                     | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    456000 | PA      | $369927.85    | 0.44%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEATHERFORD INTL LTD                                        | Weatherford International Ltd                                            | CUSIP: 947075AP2<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |     23000 | PA      | $23546.81     | 0.03%             | 2024-12-01      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| MATTEL INC                                                  | Mattel Inc                                                               | CUSIP: 577081AU6<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |    148000 | PA      | $128010.77    | 0.15%             | 2040-10-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                    | Hilcorp Energy I LP / Hilcorp Finance Co                                 | CUSIP: 431318AU8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    371000 | PA      | $330750.80    | 0.40%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KNS Midco Corp                                              | KNS MIDCO CORP 04/21/27                                                  | CUSIP: 48262HAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    975000 | PA      | $886640.63    | 1.06%             | 2027-04-21      | Floating      | 11.12%                | No            |                  2 | On Loan: No      |
| SEASPAN CORP                                                | Seaspan Corp                                                             | CUSIP: 81254UAK2<br>LEI: 5493007Z8Q1H45KT7W98 | Long             | DBT              | CORP              | MH        |    476000 | PA      | $361345.88    | 0.43%             | 2029-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                        | Cleveland-Cliffs Inc                                                     | CUSIP: 18683KAC5<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    713000 | PA      | $621743.13    | 0.75%             | 2040-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ANA INTL/ANA HOLD                                           | Anagram International Inc / Anagram Holdings LLC                         | CUSIP: 03254TAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     97429 | PA      | $64790.17     | 0.08%             | 2026-08-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| PLAINS ALL AMERICAN PIPE                                    | Plains All American Pipeline LP                                          | CUSIP: 726503AE5<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |    422000 | PA      | $367140.00    | 0.44%             | N/A             | Floating      | 8.72%                 | No            |                  2 | On Loan: No      |
| TKC MIDCO 1 02/08/27                                        | TKC MIDCO 1 02/08/27                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1180000.00   | 1.41%             | 2027-02-08      | Floating      | 12.00%                | No            |                  2 | On Loan: No      |
| Air Methods Corp                                            | AIR METHODS CORP 04/22/24                                                | CUSIP: 00912YAL6<br>LEI: 54930081QGNZXVDOZF63 | Long             | LON              | CORP              | US        |    718809 | PA      | $407115.54    | 0.49%             | 2024-04-21      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| SPEEDWAY MOT/SPEEDWAY FD                                    | Speedway Motorsports LLC / Speedway Funding II Inc                       | CUSIP: 84779MAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    292000 | PA      | $259578.15    | 0.31%             | 2027-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                             | Madison IAQ LLC                                                          | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    326000 | PA      | $224052.90    | 0.27%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                           | DISH Network Corp                                                        | CUSIP: 25470MAB5<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |    220000 | PA      | $138380.00    | 0.17%             | 2026-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SPRINT CAPITAL CORP                                         | Sprint Capital Corp                                                      | CUSIP: 852060AD4<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |    500000 | PA      | $521121.15    | 0.62%             | 2028-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Invesco Senior Income Trust                                 | Invesco Senior Income Trust                                              | CUSIP: 46131H107<br>LEI: 549300C38VE5Y5R75E56 | Long             | EC               | PF                | US        |     73504 | NS      | $281520.32    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| VOYAGER AVIATION EQUITY                                     | VOYAGER AVIATION EQUITY                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4080 | NS      | $0.04         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CARDINAL PARENT INC                                         | CARDINAL PARENT INC                                                      | CUSIP: 000000000<br>LEI: 5493009YXQNPN3HQQH84 | Long             | LON              | CORP              | US        |    950965 | PA      | $851113.60    | 1.02%             | 2028-11-12      | Floating      | 12.04%                | No            |                  2 | On Loan: No      |
| HOLLY NRG PRTNR/FIN CORP                                    | Holly Energy Partners LP / Holly Energy Finance Corp                     | CUSIP: 435765AH5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    283000 | PA      | $258160.05    | 0.31%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOSS CREEK RESOURCES HLD                                    | Moss Creek Resources Holdings Inc                                        | CUSIP: 61965RAA3<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |    560000 | PA      | $505008.00    | 0.61%             | 2026-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ABG Intermediate Holdings 2 LLC                             | AUTHENTIC BRANDS 12/10/29                                                | CUSIP: 00076VAY6<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |   1000000 | PA      | $918750.00    | 1.10%             | 2029-12-20      | Floating      | 10.32%                | No            |                  2 | On Loan: No      |
| ENLINK MIDSTREAM LLC                                        | EnLink Midstream LLC                                                     | CUSIP: 29336TAC4<br>LEI: 54930000GY1H533OBE23 | Long             | DBT              | CORP              | US        |    500000 | PA      | $476944.04    | 0.57%             | 2028-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                    | Service Properties Trust                                                 | CUSIP: 44106MAW2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    530000 | PA      | $418265.40    | 0.50%             | 2027-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES HOLDINGS                                    | United Airlines Holdings Inc                                             | CUSIP: 910047AH2<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |    476000 | PA      | $468488.72    | 0.56%             | 2024-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MPH ACQUISITION HOLDINGS                                    | MPH Acquisition Holdings LLC                                             | CUSIP: 553283AC6<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |    437000 | PA      | $291571.74    | 0.35%             | 2028-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALCOA NEDERLAND HOLDING                                     | Alcoa Nederland Holding BV                                               | CUSIP: 013822AC5<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $394754.00    | 0.47%             | 2028-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                    | Kaisa Group Holdings Ltd                                                 | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |    250000 | PA      | $35190.39     | 0.04%             | 2025-01-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                            | Lamar Media Corp                                                         | CUSIP: 513075BZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    476000 | PA      | $394141.09    | 0.47%             | 2031-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ENCINO ACQUISITION PARTN                                    | Encino Acquisition Partners Holdings LLC                                 | CUSIP: 29254BAA5<br>LEI: 549300BUKUEKT2UE4T49 | Long             | DBT              | CORP              | US        |    516000 | PA      | $469039.95    | 0.56%             | 2028-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                                    | Cheniere Energy Partners LP                                              | CUSIP: 16411QAN1<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    234000 | PA      | $186364.09    | 0.22%             | 2032-01-31      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| IAMGOLD CORP                                                | IAMGOLD Corp                                                             | CUSIP: 450913AF5<br>LEI: 254900E7II30XAB9LA72 | Long             | DBT              | CORP              | CA        |    476000 | PA      | $370363.91    | 0.44%             | 2028-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UPSTREAM REHABIL 10/22/27                                   | UPSTREAM REHABIL 10/22/27                                                | CUSIP: 91678HAE2<br>LEI: 549300Q4K2W4R1EBTH48 | Long             | LON              | CORP              | US        |   1000000 | PA      | $885000.00    | 1.06%             | 2027-11-20      | Floating      | 12.86%                | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORG                                            | Organon & Co / Organon Foreign Debt Co-Issuer BV                         | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $443575.00    | 0.53%             | 2028-04-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                        | Bank of America Corp                                                     | CUSIP: 060505682<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |       244 | NS      | $283040.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                    | Ford Motor Credit Co LLC                                                 | CUSIP: 345397A86<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $897295.00    | 1.08%             | 2027-08-17      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA CAPITAL                                      | Telecom Italia Capital SA                                                | CUSIP: 87927VAR9<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |    448000 | PA      | $364474.88    | 0.44%             | 2036-07-18      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANC                                            | Credit Acceptance Corp                                                   | CUSIP: 225310AM3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $474693.75    | 0.57%             | 2026-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| AIRSWIFT GLOBAL AS                                          | Airswift Global AS                                                       | CUSIP: 000000000<br>LEI: 254900CWKUHRNINY3J70 | Long             | DBT              | CORP              | NO        |    300000 | PA      | $294000.00    | 0.35%             | 2025-05-12      | Floating      | 13.15%                | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                       | Icahn Enterprises LP / Icahn Enterprises Finance Corp                    | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    349000 | PA      | $320312.20    | 0.38%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALLEN MEDIA LLC/CO-ISSR                                     | Allen Media LLC / Allen Media Co-Issuer Inc                              | CUSIP: 01771YAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    294000 | PA      | $121004.52    | 0.15%             | 2028-02-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| DIAMOND SPORTS GR/DIAMON                                    | Diamond Sports Group LLC / Diamond Sports Finance Co                     | CUSIP: 25277LAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    752000 | PA      | $8460.00      | 0.01%             | 2027-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| AFFINITY GAMING                                             | Affinity Gaming                                                          | CUSIP: 00842XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    476000 | PA      | $404166.37    | 0.48%             | 2027-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PATRICK INDUSTRIES INC                                      | Patrick Industries Inc                                                   | CUSIP: 703343AC7<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |    279000 | PA      | $271896.27    | 0.33%             | 2027-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HARSCO CORP                                                 | Harsco Corp                                                              | CUSIP: 415864AM9<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | DBT              | CORP              | US        |    218000 | PA      | $172469.95    | 0.21%             | 2027-07-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| iShares USD Asia High Yield Bond Index ETF                  | iShares USD Asia High Yield Bond Index ETF                               | CUSIP: 000000000<br>LEI: 549300LB2EQ3TDDV8K56 | Long             | EC               | RF                | SG        |    311000 | NS      | $2009060.00   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                      | CCO Holdings LLC / CCO Holdings Capital Corp                             | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    492000 | PA      | $420581.28    | 0.50%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BEAZER HOMES USA                                            | Beazer Homes USA Inc                                                     | CUSIP: 07556QBT1<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |    100000 | PA      | $89114.63     | 0.11%             | 2029-10-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| COTY INC                                                    | Coty Inc                                                                 | CUSIP: 222070AB0<br>LEI: 549300BO9IWPF3S48F93 | Long             | DBT              | CORP              | US        |    476000 | PA      | $457697.80    | 0.55%             | 2026-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Global X Nasdaq 100 Covered Call ETF                        | Global X Nasdaq 100 Covered Call ETF                                     | CUSIP: 37954Y483<br>LEI: 54930002VYV0ZD18OT06 | Long             | EC               | RF                | US        |     19246 | NS      | $306203.86    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| WANDA PROPERTIES OVERSEA                                    | Wanda Properties Overseas Ltd                                            | CUSIP: 000000000<br>LEI: 549300BJ7FGBP0KHXY31 | Long             | DBT              | CORP              | VG        |    350000 | PA      | $334250.00    | 0.40%             | 2023-07-23      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Calfrac Well Services Ltd                                   | Calfrac Well Services Ltd                                                | CUSIP: 129584405<br>LEI: 54930072S07WJGD7TA28 | Long             | EC               | CORP              | CA        |     36533 | NS      | $164690.76    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CARS.COM INC                                                | Cars.com Inc                                                             | CUSIP: 14575EAA3<br>LEI: 5493002G6J07LNGX4M98 | Long             | DBT              | CORP              | US        |    476000 | PA      | $423698.84    | 0.51%             | 2028-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                                             | Yum! Brands Inc                                                          | CUSIP: 988498AD3<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    448000 | PA      | $455669.76    | 0.55%             | 2037-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC                                        | Freeport-McMoRan Inc                                                     | CUSIP: 35671DCC7<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    159000 | PA      | $155814.28    | 0.19%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                      | Match Group Holdings II LLC                                              | CUSIP: 57667JAA0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    500000 | PA      | $384082.00    | 0.46%             | 2031-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| JB POINDEXTER & CO INC                                      | JB Poindexter & Co Inc                                                   | CUSIP: 730481AJ7<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |    285000 | PA      | $275475.30    | 0.33%             | 2026-04-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CHINA HONGQIAO GROUP LTD                                    | China Hongqiao Group Ltd                                                 | CUSIP: 000000000<br>LEI: 3003009Q4IBFSDE24571 | Long             | DBT              | CORP              | KY        |    500000 | PA      | $467902.50    | 0.56%             | 2024-06-08      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                     | Dell International LLC / EMC Corp                                        | CUSIP: 24703TAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     83000 | PA      | $95516.62     | 0.11%             | 2046-07-15      | Fixed         | 8.35%                 | No            |                  2 | On Loan: No      |
| VOYAGER AVIATION HOLD                                       | Voyager Aviation Holdings LLC                                            | CUSIP: 92918XAA3<br>LEI: 549300KHOKL1CX4NIJ92 | Long             | DBT              | CORP              | US        |    407000 | PA      | $323056.25    | 0.39%             | 2026-05-09      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MDC HOLDINGS INC                                            | MDC Holdings Inc                                                         | CUSIP: 552676AQ1<br>LEI: 5299005FV4VNV75R8R35 | Long             | DBT              | CORP              | US        |    336000 | PA      | $277666.74    | 0.33%             | 2043-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                                       | Freedom Mortgage Corp                                                    | CUSIP: 35640YAF4<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    204000 | PA      | $170483.94    | 0.20%             | 2026-05-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| PARTY CITY HOLDINGS INC                                     | Party City Holdings Inc                                                  | CUSIP: 702150AE3<br>LEI: 5493005PYM1JS6EZN307 | Long             | DBT              | CORP              | US        |    155327 | PA      | $42326.61     | 0.05%             | 2025-07-15      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                                   | PG&E Corp                                                                | CUSIP: 69331CAH1<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    371000 | PA      | $339140.38    | 0.41%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NETFLIX INC                                                 | Netflix Inc                                                              | CUSIP: 64110LAV8<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    519000 | PA      | $484890.81    | 0.58%             | 2030-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BlackRock Credit Allocation Income Trust                    | BlackRock Credit Allocation Income Trust                                 | CUSIP: 092508100<br>LEI: WU48CSUCFTU86AQUYZ93 | Long             | EC               | RF                | US        |     24596 | NS      | $248419.60    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| VOYAGER AVIATION UNITS                                      | VOYAGER AVIATION UNITS                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24481 | NS      | $0.24         | 0.00%             |  |  |  | No            |                  3 | 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        |    500000 | PA      | $384622.50    | 0.46%             | 2033-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL PETROLEUM                                     | International Petroleum Corp                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    188472 | PA      | $175278.96    | 0.21%             | 2027-02-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| REAL HERO MERGER SUB 2                                      | Real Hero Merger Sub 2 Inc                                               | CUSIP: 75602BAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    326000 | PA      | $223896.80    | 0.27%             | 2029-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                    | Service Properties Trust                                                 | CUSIP: 44106MAZ5<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    198000 | PA      | $180309.00    | 0.22%             | 2024-10-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| 1375209 BC LTD                                              | 1375209 BC Ltd                                                           | CUSIP: 68251PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     66000 | PA      | $64597.50     | 0.08%             | 2028-01-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                           | Iron Mountain Inc                                                        | CUSIP: 46284VAE1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    331000 | PA      | $305089.32    | 0.37%             | 2028-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                      | FIRST BRANDS TR 03/30/27                                                 | CUSIP: 31935HAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    727649 | PA      | $692358.33    | 0.83%             | 2027-03-30      | Floating      | 8.99%                 | No            |                  2 | On Loan: No      |
| ENDO DAC/FIN LLC/FINCO                                      | Endo Dac / Endo Finance LLC / Endo Finco Inc                             | CUSIP: 29273DAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    468000 | PA      | $25740.00     | 0.03%             | 2028-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EQM MIDSTREAM PARTNERS L                                    | EQM Midstream Partners LP                                                | CUSIP: 26885BAH3<br>LEI: 549300NELT611CL6XM83 | Long             | DBT              | CORP              | US        |    351000 | PA      | $336082.50    | 0.40%             | 2027-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                                      | VICI Properties LP / VICI Note Co Inc                                    | CUSIP: 92564RAJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $488020.70    | 0.58%             | 2027-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SUMMIT MID HLDS LLC / FI                                    | Summit Midstream Holdings LLC / Summit Midstream Finance Corp            | CUSIP: 86614WAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    351000 | PA      | $333618.48    | 0.40%             | 2026-10-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                                    | Antero Midstream Partners LP / Antero Midstream Finance Corp             | CUSIP: 03690AAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    218000 | PA      | $206404.46    | 0.25%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| QuickBase Inc                                               | QUARTZ HOLDING C 04/02/27                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $922500.00    | 1.11%             | 2027-04-03      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| MED ParentCo LP                                             | MED PARENTCO, LP 08/30/27                                                | CUSIP: 58401DAF1<br>LEI: 549300660CLPRNK19Z91 | Long             | LON              | CORP              | US        |   1000000 | PA      | $758335.00    | 0.91%             | 2027-08-30      | Floating      | 12.62%                | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                       | Bausch Health Cos Inc                                                    | CUSIP: 071734AR8<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     23000 | PA      | $13768.87     | 0.02%             | 2030-10-15      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| MERCER INTL INC                                             | Mercer International Inc                                                 | CUSIP: 588056AW1<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |    355000 | PA      | $336823.42    | 0.40%             | 2026-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                    | Ford Motor Credit Co LLC                                                 | CUSIP: 345397A45<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    212000 | PA      | $192114.06    | 0.23%             | 2027-01-09      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                                    | Western Midstream Operating LP                                           | CUSIP: 958667AA5<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    839000 | PA      | $685118.10    | 0.82%             | 2050-02-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Exchange Listed Funds Trust

**Signature:** Dennis Lowenfels

**Name of Signer:** Dennis Lowenfels

**Title:** Chief Compliance Officer