# EDGAR Filing Document

**Accession Number:** 0001517936
**File Stem:** 0000940400-26-011449
**Filing Date:** 2026-3
**Character Count:** 211905
**Document Hash:** 1a6d89407bf2956c3f21dcc9e71149bd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-011449.hdr.sgml**: 20260325

**ACCESSION NUMBER**: 0000940400-26-011449

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260325

**DATE AS OF CHANGE**: 20260325

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST TRUST EXCHANGE-TRADED FUND IV
- **CENTRAL INDEX KEY:** 0001517936

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22559
- **FILM NUMBER:** 26792254

**BUSINESS ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187
- **BUSINESS PHONE:** 630-765-8000

**MAIL ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187

## Series and Classes Contracts Data

### First Trust Tactical High Yield ETF (Series ID: S000039493)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000121641 | First Trust Tactical High Yield ETF | HYLS            |

## Nport-Ex

**First Trust Tactical High Yield ETF (HYLS)**

**Portfolio of Investments**

**January 31, 2026 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Stated** <br>**Coupon**<br>| **Stated** <br>**Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES — 67.3%** | **CORPORATE BONDS AND NOTES — 67.3%** | **CORPORATE BONDS AND NOTES — 67.3%** | **CORPORATE BONDS AND NOTES — 67.3%** | **CORPORATE BONDS AND NOTES — 67.3%** |
|  | **Advertising — 0.6%** | **Advertising — 0.6%** | **Advertising — 0.6%** |  |
| $5000000 | Clear Channel Outdoor Holdings, Inc. (a) | 7.75% | 04/15/28 | $5004440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3450000 | Clear Channel Outdoor Holdings, Inc. (a) | 7.88% | 04/01/30 | 3634427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1380000 | Clear Channel Outdoor Holdings, Inc. (a) | 7.13% | 02/15/31 | 1439972 |
|  |  |  |  | 10078839 |
|  | **Aerospace & Defense — 1.2%** | **Aerospace & Defense — 1.2%** | **Aerospace & Defense — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 684000 | Amentum Holdings, Inc. (a) | 7.25% | 08/01/32 | 721222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1035000 | Axon Enterprise, Inc. (a) | 6.13% | 03/15/30 | 1066515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 690000 | Axon Enterprise, Inc. (a) | 6.25% | 03/15/33 | 715361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 692000 | Carpenter Technology Corp. (a) | 5.63% | 03/01/34 | 703086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4931000 | TransDigm, Inc. (a) | 6.63% | 03/01/32 | 5104685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1663000 | TransDigm, Inc. (a) | 6.00% | 01/15/33 | 1695467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10652000 | TransDigm, Inc. (a) (b) | 6.38% | 05/31/33 | 10851320 |
|  |  |  |  | 20857656 |
|  | **Alternative Carriers — 0.3%** | **Alternative Carriers — 0.3%** | **Alternative Carriers — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4339000 | Level 3 Financing, Inc. (a) | 7.00% | 03/31/34 | 4497873 |
|  | **Apparel Retail — 0.2%** | **Apparel Retail — 0.2%** | **Apparel Retail — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Nordstrom, Inc. | 4.00% | 03/15/27 | 993082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2854000 | Nordstrom, Inc. | 4.38% | 04/01/30 | 2727483 |
|  |  |  |  | 3720565 |
|  | **Apparel, Accessories & Luxury Goods — 0.1%** | **Apparel, Accessories & Luxury Goods — 0.1%** | **Apparel, Accessories & Luxury Goods — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1378000 | Under Armour, Inc. (a) | 7.25% | 07/15/30 | 1410759 |
|  | **Application Software — 3.5%** | **Application Software — 3.5%** | **Application Software — 3.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3299000 | Cloud Software Group, Inc. (a) | 6.50% | 03/31/29 | 3281788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 17044000 | Cloud Software Group, Inc. (a) | 9.00% | 09/30/29 | 17230654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8070000 | Cloud Software Group, Inc. (a) | 8.25% | 06/30/32 | 8216051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1370000 | Cloud Software Group, Inc. (a) | 6.63% | 08/15/33 | 1314674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5562000 | Ellucian Holdings, Inc. (a) | 6.50% | 12/01/29 | 5487210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5632950 | GoTo Group, Inc. (a) | 5.50% | 05/01/28 | 1929285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12000000 | McAfee Corp. (a) (b) | 7.38% | 02/15/30 | 9562670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15391000 | RingCentral, Inc. (a) (b) | 8.50% | 08/15/30 | 16171442 |
|  |  |  |  | 63193774 |
|  | **Asset Management & Custody Banks — 0.4%** | **Asset Management & Custody Banks — 0.4%** | **Asset Management & Custody Banks — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3665000 | Osaic Holdings, Inc. (a) | 6.75% | 08/01/32 | 3800866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 912000 | Osaic Holdings, Inc. (a) | 6.75% | 08/01/32 | 945210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1380000 | Osaic Holdings, Inc. (a) | 8.00% | 08/01/33 | 1431136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 349000 | Osaic Holdings, Inc., Series Jan (a) | 8.00% | 08/01/33 | 362388 |
|  |  |  |  | 6539600 |
|  | **Automobile Manufacturers — 0.4%** | **Automobile Manufacturers — 0.4%** | **Automobile Manufacturers — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6631000 | Ford Motor Co. | 9.63% | 04/22/30 | 7717881 |
|  | **Automotive Retail — 0.3%** | **Automotive Retail — 0.3%** | **Automotive Retail — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5659000 | Mavis Tire Express Services Topco Corp. (a) | 6.50% | 05/15/29 | 5651741 |
|  | **Broadcasting — 0.8%** | **Broadcasting — 0.8%** | **Broadcasting — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7254000 | Gray Media, Inc. (a) | 4.75% | 10/15/30 | 5605424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4143000 | iHeartCommunications, Inc. (a) | 4.75% | 01/15/28 | 3773313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4075000 | Sinclair Television Group, Inc. (a) | 8.13% | 02/15/33 | 4217482 |
|  |  |  |  | 13596219 |
|  | **Building Products — 3.2%** | **Building Products — 3.2%** | **Building Products — 3.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3086000 | Advanced Drainage Systems, Inc. (a) | 6.38% | 06/15/30 | 3157064 |

---

------

**First Trust Tactical High Yield ETF (HYLS)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Building Products (Continued)** | **Building Products (Continued)** | **Building Products (Continued)** |  |
| $100000 | Builders FirstSource, Inc. (a) | 4.25% | 02/01/32 | $95395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9914000 | Builders FirstSource, Inc. (a) | 6.38% | 03/01/34 | 10270190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 16601000 | Builders FirstSource, Inc. (a) (b) | 6.75% | 05/15/35 | 17462243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4474000 | CP Atlas Buyer, Inc. (a) | 9.75% | 07/15/30 | 4657206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2272000 | LBM Acquisition LLC (a) | 9.50% | 06/15/31 | 2395526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6557000 | Standard Building Solutions, Inc. (a) | 6.50% | 08/15/32 | 6765591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4018000 | Standard Building Solutions, Inc. (a) | 6.25% | 08/01/33 | 4109036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3474000 | Standard Building Solutions, Inc. (a) | 5.88% | 03/15/34 | 3472919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1426000 | Standard Industries, Inc. (a) | 4.75% | 01/15/28 | 1419351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492000 | Standard Industries, Inc. (a) | 4.38% | 07/15/30 | 2405233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Standard Industries, Inc. (a) | 3.38% | 01/15/31 | 923505 |
|  |  |  |  | 57133259 |
|  | **Cable & Satellite — 3.3%** | **Cable & Satellite — 3.3%** | **Cable & Satellite — 3.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1431000 | CCO Holdings LLC / CCO Holdings Capital Corp. (a) | 4.75% | 03/01/30 | 1367945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4747000 | CCO Holdings LLC / CCO Holdings Capital Corp. (a) | 4.50% | 08/15/30 | 4465009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7781000 | CCO Holdings LLC / CCO Holdings Capital Corp. (a) | 7.38% | 03/01/31 | 8009372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | CCO Holdings LLC / CCO Holdings Capital Corp. (a) | 4.50% | 05/01/32 | 898257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2085000 | CCO Holdings LLC / CCO Holdings Capital Corp. (a) | 7.00% | 02/01/33 | 2106658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5800000 | CSC Holdings LLC (a) | 6.50% | 02/01/29 | 3718624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 18851000 | CSC Holdings LLC (a) | 4.50% | 11/15/31 | 11452891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 17162000 | DISH Network Corp. (a) | 11.75% | 11/15/27 | 17770702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7917315 | EchoStar Corp. | 10.75% | 11/30/29 | 8683434 |
|  |  |  |  | 58472892 |
|  | **Casinos & Gaming — 1.2%** | **Casinos & Gaming — 1.2%** | **Casinos & Gaming — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6062000 | Boyd Gaming Corp. (a) | 4.75% | 06/15/31 | 5909379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8292000 | &nbsp;&nbsp;&nbsp; Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., <br> Inc. (a) | 6.75% | 01/15/30 | 7846888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2587000 | Light & Wonder International, Inc. (a) | 7.50% | 09/01/31 | 2715421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4733000 | &nbsp;&nbsp;&nbsp; Scientific Games Holdings, L.P. / Scientific Games US FinCo, <br> Inc. (a) | 6.63% | 03/01/30 | 4322226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1592000 | Station Casinos LLC (a) | 4.63% | 12/01/31 | 1529571 |
|  |  |  |  | 22323485 |
|  | **Commercial & Residential Mortgage Finance — 2.1%** | **Commercial & Residential Mortgage Finance — 2.1%** | **Commercial & Residential Mortgage Finance — 2.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1382000 | Freedom Mortgage Holdings LLC (a) | 9.25% | 02/01/29 | 1447597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Freedom Mortgage Holdings LLC (a) | 9.13% | 05/15/31 | 5292590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3850000 | Freedom Mortgage Holdings LLC (a) | 8.38% | 04/01/32 | 4030084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | PennyMac Financial Services, Inc. (a) | 6.75% | 02/15/34 | 10098150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2788000 | Rocket Cos., Inc. (a) | 7.13% | 02/01/32 | 2915097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4556000 | Rocket Cos., Inc. (a) | 6.38% | 08/01/33 | 4732367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | UWM Holdings LLC (a) | 6.25% | 03/15/31 | 9943074 |
|  |  |  |  | 38458959 |
|  | **Commercial Printing — 0.1%** | **Commercial Printing — 0.1%** | **Commercial Printing — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5067000 | LABL, Inc. (a) (c) (d) | 8.63% | 10/01/31 | 2330820 |
|  | **Construction & Engineering — 0.3%** | **Construction & Engineering — 0.3%** | **Construction & Engineering — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2442000 | AECOM (a) | 6.00% | 08/01/33 | 2503311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 697000 | Williams Scotsman, Inc. (a) | 6.63% | 04/15/30 | 722640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2077000 | Williams Scotsman, Inc. (a) | 7.38% | 10/01/31 | 2166764 |
|  |  |  |  | 5392715 |

---

------

**First Trust Tactical High Yield ETF (HYLS)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Construction Materials — 1.4%** | **Construction Materials — 1.4%** | **Construction Materials — 1.4%** |  |
| $3580000 | JH North America Holdings, Inc. (a) | 6.13% | 07/31/32 | $3650304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12509000 | Quikrete Holdings, Inc. (a) (b) | 6.75% | 03/01/33 | 13002142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7500000 | Smyrna Ready Mix Concrete LLC (a) | 8.88% | 11/15/31 | 8000138 |
|  |  |  |  | 24652584 |
|  | **Consumer Finance — 0.7%** | **Consumer Finance — 0.7%** | **Consumer Finance — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1381000 | EZCORP, Inc. (a) | 7.38% | 04/01/32 | 1474594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | FirstCash, Inc. (a) | 4.63% | 09/01/28 | 993261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9796000 | FirstCash, Inc. (a) (b) | 6.88% | 03/01/32 | 10195207 |
|  |  |  |  | 12663062 |
|  | **Data Processing & Outsourced Services — 0.2%** | **Data Processing & Outsourced Services — 0.2%** | **Data Processing & Outsourced Services — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2077000 | Block, Inc. (a) | 5.63% | 08/15/30 | 2115109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1384000 | Block, Inc. (a) | 6.00% | 08/15/33 | 1414389 |
|  |  |  |  | 3529498 |
|  | **Diversified Metals & Mining — 0.1%** | **Diversified Metals & Mining — 0.1%** | **Diversified Metals & Mining — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1373000 | SCIH Salt Holdings, Inc. (a) | 4.88% | 05/01/28 | 1370332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | SCIH Salt Holdings, Inc. (a) | 6.63% | 05/01/29 | 700271 |
|  |  |  |  | 2070603 |
|  | **Diversified Support Services — 0.4%** | **Diversified Support Services — 0.4%** | **Diversified Support Services — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1945000 | RB Global Holdings, Inc. (a) | 6.75% | 03/15/28 | 1983571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4522000 | RB Global Holdings, Inc. (a) | 7.75% | 03/15/31 | 4719327 |
|  |  |  |  | 6702898 |
|  | **Education Services — 0.1%** | **Education Services — 0.1%** | **Education Services — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1385000 | Graham Holdings Co. (a) | 5.63% | 12/01/33 | 1395142 |
|  | **Electric Utilities — 1.0%** | **Electric Utilities — 1.0%** | **Electric Utilities — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3096000 | Alpha Generation LLC (a) | 6.75% | 10/15/32 | 3211719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Alpha Generation LLC (a) | 6.25% | 01/15/34 | 10070940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1922000 | NRG Energy, Inc. (a) | 5.75% | 01/15/34 | 1935650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1922000 | NRG Energy, Inc. (a) | 6.00% | 01/15/36 | 1942964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1359000 | Vistra Operations Co. LLC (a) | 7.75% | 10/15/31 | 1438625 |
|  |  |  |  | 18599898 |
|  | **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 667000 | Sensata Technologies, Inc. (a) | 3.75% | 02/15/31 | 626176 |
|  | **Environmental & Facilities Services — 1.1%** | **Environmental & Facilities Services — 1.1%** | **Environmental & Facilities Services — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2675000 | Allied Universal Holdco LLC (a) | 7.88% | 02/15/31 | 2816797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4616000 | Allied Universal Holdco LLC / Allied Universal Finance Corp. (a) | 6.88% | 06/15/30 | 4796789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1376000 | Clean Harbors, Inc. (a) | 5.75% | 10/15/33 | 1406650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8590000 | Waste Pro USA, Inc. (a) | 7.00% | 02/01/33 | 8846540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1312000 | Wrangler Holdco Corp. (a) | 6.63% | 04/01/32 | 1366108 |
|  |  |  |  | 19232884 |
|  | **Fertilizers & Agricultural Chemicals — 0.2%** | **Fertilizers & Agricultural Chemicals — 0.2%** | **Fertilizers & Agricultural Chemicals — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Scotts Miracle-Gro (The) Co. | 4.00% | 04/01/31 | 1884905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2027000 | Scotts Miracle-Gro (The) Co. | 4.38% | 02/01/32 | 1912446 |
|  |  |  |  | 3797351 |
|  | **Food Distributors — 1.1%** | **Food Distributors — 1.1%** | **Food Distributors — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1397000 | US Foods, Inc. (a) | 4.75% | 02/15/29 | 1395974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8582000 | US Foods, Inc. (a) | 7.25% | 01/15/32 | 9015065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9700000 | US Foods, Inc. (a) | 5.75% | 04/15/33 | 9875671 |
|  |  |  |  | 20286710 |

---

------

**First Trust Tactical High Yield ETF (HYLS)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Forest Products — 0.1%** | **Forest Products — 0.1%** | **Forest Products — 0.1%** |  |
| $1470000 | Magnera Corp. (a) | 7.25% | 11/15/31 | $1390493 |
|  | **Health Care Facilities — 1.8%** | **Health Care Facilities — 1.8%** | **Health Care Facilities — 1.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11124000 | AHP Health Partners, Inc. (a) | 5.75% | 07/15/29 | 10855300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 657000 | Concentra Health Services, Inc. (a) | 6.88% | 07/15/32 | 688703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | HCA, Inc. | 5.50% | 06/15/47 | 3777581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | HCA, Inc. | 5.25% | 06/15/49 | 6351626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9172000 | Select Medical Corp. (a) (b) | 6.25% | 12/01/32 | 8908980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1706000 | Tenet Healthcare Corp. (a) | 5.50% | 11/15/32 | 1724366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 692000 | Tenet Healthcare Corp. (a) | 6.00% | 11/15/33 | 712415 |
|  |  |  |  | 33018971 |
|  | **Health Care Services — 1.3%** | **Health Care Services — 1.3%** | **Health Care Services — 1.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12727000 | Raven Acquisition Holdings LLC (a) (b) | 6.88% | 11/15/31 | 12770336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10166000 | Surgery Center Holdings, Inc. (a) | 7.25% | 04/15/32 | 10247966 |
|  |  |  |  | 23018302 |
|  | **Health Care Supplies — 1.0%** | **Health Care Supplies — 1.0%** | **Health Care Supplies — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8780000 | Medline Borrower, L.P. (a) (b) | 3.88% | 04/01/29 | 8591276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10253000 | Medline Borrower, L.P. (a) (b) | 5.25% | 10/01/29 | 10277279 |
|  |  |  |  | 18868555 |
|  | **Health Care Technology — 1.0%** | **Health Care Technology — 1.0%** | **Health Care Technology — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 17722000 | AthenaHealth Group, Inc. (a) (b) | 6.50% | 02/15/30 | 17203259 |
|  | **Homebuilding — 0.6%** | **Homebuilding — 0.6%** | **Homebuilding — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Ashton Woods USA LLC / Ashton Woods Finance Co. (a) | 6.88% | 08/01/33 | 5048790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Dream Finders Homes, Inc. (a) | 6.88% | 09/15/30 | 5069260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 696000 | Installed Building Products, Inc. (a) | 5.63% | 02/01/34 | 701741 |
|  |  |  |  | 10819791 |
|  | **Homefurnishing Retail — 0.0%** | **Homefurnishing Retail — 0.0%** | **Homefurnishing Retail — 0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 690000 | Wayfair LLC (a) | 6.75% | 11/15/32 | 713730 |
|  | **Hotels, Resorts & Cruise Lines — 0.0%** | **Hotels, Resorts & Cruise Lines — 0.0%** | **Hotels, Resorts & Cruise Lines — 0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 688000 | RHP Hotel Properties, L.P. / RHP Finance Corp. (a) | 6.50% | 06/15/33 | 713499 |
|  | **Household Products — 0.4%** | **Household Products — 0.4%** | **Household Products — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6851000 | Energizer Holdings, Inc. (a) | 4.38% | 03/31/29 | 6584921 |
|  | **Housewares & Specialties — 0.2%** | **Housewares & Specialties — 0.2%** | **Housewares & Specialties — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1031000 | Newell Brands, Inc. (a) | 8.50% | 06/01/28 | 1081679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2670000 | Newell Brands, Inc. | 6.63% | 05/15/32 | 2616704 |
|  |  |  |  | 3698383 |
|  | **Human Resource & Employment Services — 0.9%** | **Human Resource & Employment Services — 0.9%** | **Human Resource & Employment Services — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8537000 | TriNet Group, Inc. (a) | 7.13% | 08/15/31 | 8805438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9953000 | ZipRecruiter, Inc. (a) | 5.00% | 01/15/30 | 6914338 |
|  |  |  |  | 15719776 |
|  | **Independent Power Producers & Energy Traders — 2.0%** | **Independent Power Producers & Energy Traders — 2.0%** | **Independent Power Producers & Energy Traders — 2.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 26977000 | Lightning Power LLC (a) (b) | 7.25% | 08/15/32 | 28728455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | Talen Energy Supply LLC (a) | 6.25% | 02/01/34 | 2534825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Talen Energy Supply LLC (a) | 6.50% | 02/01/36 | 5128567 |
|  |  |  |  | 36391847 |
|  | **Industrial Machinery & Supplies & Components — 0.5%** | **Industrial Machinery & Supplies & Components — 0.5%** | **Industrial Machinery & Supplies & Components — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1679000 | Gates Corp. (a) | 6.88% | 07/01/29 | 1747475 |

---

------

**First Trust Tactical High Yield ETF (HYLS)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Industrial Machinery & Supplies & Components (Continued)** | **Industrial Machinery & Supplies & Components (Continued)** | **Industrial Machinery & Supplies & Components (Continued)** |  |
| $5265000 | Madison IAQ LLC (a) | 5.88% | 06/30/29 | $5261771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2705000 | SPX FLOW, Inc. (a) | 8.75% | 04/01/30 | 2780983 |
|  |  |  |  | 9790229 |
|  | **Insurance Brokers — 10.5%** | **Insurance Brokers — 10.5%** | **Insurance Brokers — 10.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Acrisure LLC / Acrisure Finance, Inc. (a) | 6.00% | 08/01/29 | 2965080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 19370000 | Acrisure LLC / Acrisure Finance, Inc. (a) (b) | 7.50% | 11/06/30 | 20064349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | Acrisure LLC / Acrisure Finance, Inc. (a) | 6.75% | 07/01/32 | 4103728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13365000 | &nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate LLC / Alliant Holdings Co-<br> Issuer (a) (b) | 6.75% | 10/15/27 | 13410882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 17412000 | &nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate LLC / Alliant Holdings Co-<br> Issuer (a) (b) | 6.75% | 04/15/28 | 17709745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1790000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer (a) | 5.88% | 11/01/29 | 1785762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4657000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer (a) | 6.50% | 10/01/31 | 4792519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1331000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer (a) | 7.38% | 10/01/32 | 1379538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10017000 | AmWINS Group, Inc. (a) | 6.38% | 02/15/29 | 10284524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6283000 | AmWINS Group, Inc. (a) (b) | 4.88% | 06/30/29 | 6202500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | Arthur J. Gallagher & Co. | 5.75% | 03/02/53 | 6868224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Arthur J. Gallagher & Co. | 6.75% | 02/15/54 | 3328190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3287000 | Arthur J. Gallagher & Co. | 5.75% | 07/15/54 | 3230059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 19730000 | &nbsp;&nbsp;&nbsp; Baldwin Insurance Group Holdings LLC / Baldwin Insurance <br> Group Holdings Finance (a) (b) | 7.13% | 05/15/31 | 20301953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8120000 | Broadstreet Partners Group LLC (a) | 5.88% | 04/15/29 | 8106012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8230000 | HUB International Ltd. (a) | 5.63% | 12/01/29 | 8227790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11902000 | HUB International Ltd. (a) (b) | 7.25% | 06/15/30 | 12424545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9750000 | HUB International Ltd. (a) (b) | 7.38% | 01/31/32 | 10219277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 21394000 | Panther Escrow Issuer LLC (a) (b) | 7.13% | 06/01/31 | 22047501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8152000 | Ryan Specialty LLC (a) | 5.88% | 08/01/32 | 8291879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | USI, Inc. (a) | 7.50% | 01/15/32 | 2096240 |
|  |  |  |  | 187840297 |
|  | **Interactive Media & Services — 1.0%** | **Interactive Media & Services — 1.0%** | **Interactive Media & Services — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6913000 | Cars.com, Inc. (a) | 6.38% | 11/01/28 | 6920918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9002000 | Snap, Inc. (a) | 6.88% | 03/15/34 | 9200986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1356000 | ZoomInfo Technologies LLC / ZoomInfo Finance Corp. (a) | 3.88% | 02/01/29 | 1240817 |
|  |  |  |  | 17362721 |
|  | **Internet Services & Infrastructure — 0.7%** | **Internet Services & Infrastructure — 0.7%** | **Internet Services & Infrastructure — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4166000 | Cipher Compute LLC (a) | 7.13% | 11/15/30 | 4297900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | Go Daddy Operating Co. LLC / GD Finance Co., Inc. (a) | 5.25% | 12/01/27 | 3497877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4152000 | WULF Compute LLC (a) | 7.75% | 10/15/30 | 4334480 |
|  |  |  |  | 12130257 |
|  | **Investment Banking & Brokerage — 0.5%** | **Investment Banking & Brokerage — 0.5%** | **Investment Banking & Brokerage — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | Jane Street Group / JSG Finance, Inc. (a) | 6.13% | 11/01/32 | 2547642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7039000 | Jane Street Group / JSG Finance, Inc. (a) | 6.75% | 05/01/33 | 7324845 |
|  |  |  |  | 9872487 |
|  | **IT Consulting & Other Services — 0.0%** | **IT Consulting & Other Services — 0.0%** | **IT Consulting & Other Services — 0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 690000 | CACI International, Inc. (a) | 6.38% | 06/15/33 | 716763 |
|  | **Leisure Facilities — 0.6%** | **Leisure Facilities — 0.6%** | **Leisure Facilities — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2031000 | Life Time, Inc. (a) | 6.00% | 11/15/31 | 2083420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 717000 | SeaWorld Parks & Entertainment, Inc. (a) | 5.25% | 08/15/29 | 701407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1852000 | Six Flags Entertainment Corp. (a) | 7.25% | 05/15/31 | 1829174 |

---

------

**First Trust Tactical High Yield ETF (HYLS)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Leisure Facilities (Continued)** | **Leisure Facilities (Continued)** | **Leisure Facilities (Continued)** |  |
| $2780000 | &nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp. / Canada's Wonderland Co. / <br> Millennium Operations LLC (a) | 8.63% | 01/15/32 | $2838894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2671000 | &nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp. / Six Flags Theme Parks, Inc. / <br> Canada's Wonderland Co. (a) | 6.63% | 05/01/32 | 2730772 |
|  |  |  |  | 10183667 |
|  | **Leisure Products — 0.1%** | **Leisure Products — 0.1%** | **Leisure Products — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1299000 | Amer Sports Co. (a) | 6.75% | 02/16/31 | 1354033 |
|  | **Life Sciences Tools & Services — 1.5%** | **Life Sciences Tools & Services — 1.5%** | **Life Sciences Tools & Services — 1.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6815000 | Avantor Funding, Inc. (a) | 4.63% | 07/15/28 | 6766166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 950000 | Charles River Laboratories International, Inc. (a) | 4.25% | 05/01/28 | 938615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Charles River Laboratories International, Inc. (a) | 3.75% | 03/15/29 | 965403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4291000 | Charles River Laboratories International, Inc. (a) | 4.00% | 03/15/31 | 4070565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Fortrea Holdings, Inc. (a) | 7.50% | 07/01/30 | 5092960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5979000 | IQVIA, Inc. (a) | 6.50% | 05/15/30 | 6197861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3372000 | Star Parent, Inc. (a) | 9.00% | 10/01/30 | 3563267 |
|  |  |  |  | 27594837 |
|  | **Managed Health Care — 1.2%** | **Managed Health Care — 1.2%** | **Managed Health Care — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3032000 | Molina Healthcare, Inc. (a) | 4.38% | 06/15/28 | 2979830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4739000 | Molina Healthcare, Inc. (a) | 3.88% | 05/15/32 | 4268375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Molina Healthcare, Inc. (a) | 6.25% | 01/15/33 | 15116025 |
|  |  |  |  | 22364230 |
|  | **Movies & Entertainment — 0.3%** | **Movies & Entertainment — 0.3%** | **Movies & Entertainment — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9309000 | Warnermedia Holdings, Inc. | 5.14% | 03/15/52 | 6210299 |
|  | **Oil & Gas Refining & Marketing — 1.5%** | **Oil & Gas Refining & Marketing — 1.5%** | **Oil & Gas Refining & Marketing — 1.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Sunoco, L.P. (a) (e) | 7.88% | (f) | 5153200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5045000 | Sunoco, L.P. (a) | 5.63% | 03/15/31 | 5078292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7281000 | Sunoco, L.P. (a) | 5.88% | 03/15/34 | 7303811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | Venture Global LNG, Inc. (a) (e) | 9.00% | (f) | 5282060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2357000 | Venture Global LNG, Inc. (a) | 8.38% | 06/01/31 | 2412307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2020000 | Venture Global LNG, Inc. (a) | 9.88% | 02/01/32 | 2137000 |
|  |  |  |  | 27366670 |
|  | **Oil & Gas Storage & Transportation — 1.1%** | **Oil & Gas Storage & Transportation — 1.1%** | **Oil & Gas Storage & Transportation — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 720000 | Rockies Express Pipeline LLC (a) | 6.75% | 03/15/33 | 760349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 343000 | Venture Global Plaquemines LNG LLC (a) | 7.50% | 05/01/33 | 376263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12101000 | Venture Global Plaquemines LNG LLC (a) (b) | 7.75% | 05/01/35 | 13499851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4148000 | Venture Global Plaquemines LNG LLC (a) | 6.75% | 01/15/36 | 4350132 |
|  |  |  |  | 18986595 |
|  | **Other Specialty Retail — 0.2%** | **Other Specialty Retail — 0.2%** | **Other Specialty Retail — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1698000 | PetSmart LLC / PetSmart Finance Corp. (a) | 7.50% | 09/15/32 | 1742269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1383000 | PetSmart LLC / PetSmart Finance Corp. (a) | 10.00% | 09/15/33 | 1440274 |
|  |  |  |  | 3182543 |
|  | **Packaged Foods & Meats — 3.0%** | **Packaged Foods & Meats — 3.0%** | **Packaged Foods & Meats — 3.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6292000 | BellRing Brands, Inc. (a) | 7.00% | 03/15/30 | 6470873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4267000 | Fiesta Purchaser, Inc. (a) | 7.88% | 03/01/31 | 4391575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5179000 | Fiesta Purchaser, Inc. (a) | 9.63% | 09/15/32 | 5251988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5707000 | Lamb Weston Holdings, Inc. (a) | 4.38% | 01/31/32 | 5441628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8398000 | Performance Food Group, Inc. (a) | 6.13% | 09/15/32 | 8635730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8579000 | Post Holdings, Inc. (a) (b) | 6.25% | 02/15/32 | 8819684 |

---

------

**First Trust Tactical High Yield ETF (HYLS)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Packaged Foods & Meats (Continued)** | **Packaged Foods & Meats (Continued)** | **Packaged Foods & Meats (Continued)** |  |
| $8647000 | Post Holdings, Inc. (a) | 6.38% | 03/01/33 | $8720612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6934000 | Post Holdings, Inc. (a) | 6.50% | 03/15/36 | 6944462 |
|  |  |  |  | 54676552 |
|  | **Paper & Plastic Packaging Products & Materials — 1.1%** | **Paper & Plastic Packaging Products & Materials — 1.1%** | **Paper & Plastic Packaging Products & Materials — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Graphic Packaging International LLC (a) | 3.50% | 03/01/29 | 954755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2353000 | Graphic Packaging International LLC (a) | 3.75% | 02/01/30 | 2224246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Graphic Packaging International LLC (a) | 6.38% | 07/15/32 | 10124515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1434000 | Sealed Air Corp. (a) | 5.00% | 04/15/29 | 1444255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2351000 | Sealed Air Corp. / Sealed Air Corp. U.S. (a) | 6.13% | 02/01/28 | 2387408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2251000 | Sealed Air Corp. / Sealed Air Corp. U.S. (a) | 7.25% | 02/15/31 | 2346730 |
|  |  |  |  | 19481909 |
|  | **Passenger Ground Transportation — 0.3%** | **Passenger Ground Transportation — 0.3%** | **Passenger Ground Transportation — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5161000 | Avis Budget Car Rental LLC / Avis Budget Finance, Inc. (a) | 8.25% | 01/15/30 | 5345403 |
|  | **Rail Transportation — 0.3%** | **Rail Transportation — 0.3%** | **Rail Transportation — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5234000 | Genesee & Wyoming, Inc. (a) | 6.25% | 04/15/32 | 5394783 |
|  | **Real Estate Operating Companies — 0.8%** | **Real Estate Operating Companies — 0.8%** | **Real Estate Operating Companies — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | Service Properties Trust | 5.50% | 12/15/27 | 2481794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | Service Properties Trust | 8.38% | 06/15/29 | 1265906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Service Properties Trust | 8.88% | 06/15/32 | 9933743 |
|  |  |  |  | 13681443 |
|  | **Real Estate Services — 0.2%** | **Real Estate Services — 0.2%** | **Real Estate Services — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1771000 | Cushman & Wakefield US Borrower LLC (a) | 8.88% | 09/01/31 | 1888485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1382000 | Taylor Morrison Communities, Inc. (a) | 5.75% | 11/15/32 | 1419224 |
|  |  |  |  | 3307709 |
|  | **Research & Consulting Services — 0.8%** | **Research & Consulting Services — 0.8%** | **Research & Consulting Services — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8413000 | Clarivate Science Holdings Corp. (a) | 4.88% | 07/01/29 | 7238712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 696000 | CoreLogic, Inc. (a) | 4.50% | 05/01/28 | 683564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2073000 | Neptune Bidco US, Inc. (a) | 9.29% | 04/15/29 | 2130196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2763000 | Neptune Bidco US, Inc. (a) | 10.38% | 05/15/31 | 2923720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 715000 | Neptune Bidco US, Inc. (a) | 9.50% | 02/15/33 | 728954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 689000 | Science Applications International Corp. (a) | 5.88% | 11/01/33 | 694869 |
|  |  |  |  | 14400015 |
|  | **Restaurants — 0.1%** | **Restaurants — 0.1%** | **Restaurants — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1182000 | Brinker International, Inc. (a) | 8.25% | 07/15/30 | 1252714 |
|  | **Security & Alarm Services — 0.5%** | **Security & Alarm Services — 0.5%** | **Security & Alarm Services — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9090000 | Brink's (The) Co. (a) | 6.75% | 06/15/32 | 9470271 |
|  | **Soft Drinks & Non-Alcoholic Beverages — 0.1%** | **Soft Drinks & Non-Alcoholic Beverages — 0.1%** | **Soft Drinks & Non-Alcoholic Beverages — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1384000 | Primo Water Holdings, Inc. / Triton Water Holdings, Inc. (a) | 6.25% | 04/01/29 | 1386239 |
|  | **Specialized Consumer Services — 0.4%** | **Specialized Consumer Services — 0.4%** | **Specialized Consumer Services — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7625000 | Wand NewCo 3, Inc. (a) | 7.63% | 01/30/32 | 8021485 |
|  | **Systems Software — 0.9%** | **Systems Software — 0.9%** | **Systems Software — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8094000 | Gen Digital, Inc. (a) | 7.13% | 09/30/30 | 8303157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2722000 | Gen Digital, Inc. (a) | 6.25% | 04/01/33 | 2738043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1582000 | SS&C Technologies, Inc. (a) | 5.50% | 09/30/27 | 1581557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3357000 | SS&C Technologies, Inc. (a) | 6.50% | 06/01/32 | 3468550 |
|  |  |  |  | 16091307 |

---

------

**First Trust Tactical High Yield ETF (HYLS)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Technology Hardware, Storage & Peripherals — 0.2%** | **Technology Hardware, Storage & Peripherals — 0.2%** | **Technology Hardware, Storage & Peripherals — 0.2%** |  |
| $3502000 | Fair Isaac Corp. (a) | 6.00% | 05/15/33 | $3570324 |
|  | **Trading Companies & Distributors — 4.3%** | **Trading Companies & Distributors — 4.3%** | **Trading Companies & Distributors — 4.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | EquipmentShare.com, Inc. (a) | 9.00% | 05/15/28 | 2615737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | EquipmentShare.com, Inc. (a) | 8.00% | 03/15/33 | 10556200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 347000 | Herc Holdings, Inc. (a) | 5.75% | 03/15/31 | 349668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7500000 | Herc Holdings, Inc. (a) | 7.25% | 06/15/33 | 7940932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 347000 | Herc Holdings, Inc. (a) | 6.00% | 03/15/34 | 348953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3749731 | Park River Holdings, Inc. (a) | 8.75% | 12/31/30 | 3743170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2376000 | Park River Holdings, Inc. (a) | 8.00% | 03/15/31 | 2450110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 19171000 | QXO Building Products, Inc. (a) (b) | 6.75% | 04/30/32 | 19773257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 692000 | Synergy Infrastructure Holdings LLC (a) | 7.88% | 12/01/30 | 723581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 22026000 | United Rentals North America, Inc. (a) (b) | 6.00% | 12/15/29 | 22587399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2050000 | WESCO Distribution, Inc. (a) | 6.38% | 03/15/33 | 2135823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4257000 | White Cap Supply Holdings LLC (a) | 7.38% | 11/15/30 | 4424292 |
|  |  |  |  | 77649122 |
|  | **Transaction & Payment Processing Services — 1.0%** | **Transaction & Payment Processing Services — 1.0%** | **Transaction & Payment Processing Services — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Shift4 Payments LLC / Shift4 Payments Finance Sub, Inc. (a) (b) | 6.75% | 08/15/32 | 15311205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1842000 | WEX, Inc. (a) | 6.50% | 03/15/33 | 1881198 |
|  |  |  |  | 17192403 |
|  | **Total Corporate Bonds and Notes** | **Total Corporate Bonds and Notes** | **Total Corporate Bonds and Notes** | 1208952677 |
|  | (Cost $1,206,083,442) | (Cost $1,206,083,442) | (Cost $1,206,083,442) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Rate (g)** | **Stated** <br>**Maturity (h)**<br>| **Value** |
| **SENIOR FLOATING-RATE LOAN INTERESTS — 16.9%** | **SENIOR FLOATING-RATE LOAN INTERESTS — 16.9%** | **SENIOR FLOATING-RATE LOAN INTERESTS — 16.9%** | **SENIOR FLOATING-RATE LOAN INTERESTS — 16.9%** | **SENIOR FLOATING-RATE LOAN INTERESTS — 16.9%** |
|  | **Advertising — 0.2%** | **Advertising — 0.2%** | **Advertising — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4226027 | &nbsp;&nbsp;&nbsp; WH Borrower LLC (WHP), Term Loan B, 3 Mo. CME Term SOFR <br> + 4.50%, 0.50% Floor  | 8.39% | 02/20/32 | 4241875 |
|  | **Aerospace & Defense — 0.8%** | **Aerospace & Defense — 0.8%** | **Aerospace & Defense — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5700592 | &nbsp;&nbsp;&nbsp; Phoenix Aviation Capital Ltd. (PAC DAC LLC), Term Loan B, 3 <br> Mo. CME Term SOFR + 3.25%, 0.00% Floor  | 6.92% | 10/28/30 | 5654304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8075623 | &nbsp;&nbsp;&nbsp; VistaJet Malta Finance PLC, Term Loan B, 3 Mo. CME Term <br> SOFR + 3.75%, 0.00% Floor  | 7.41% | 03/31/31 | 8110954 |
|  |  |  |  | 13765258 |
|  | **Application Software — 3.3%** | **Application Software — 3.3%** | **Application Software — 3.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 17038155 | &nbsp;&nbsp;&nbsp; Darktrace PLC (Leia Finco US LLC), Term Loan (Second Lien), 3 <br> Mo. CME Term SOFR + 5.25%, 0.00% Floor  | 8.90% | 10/09/32 | 16898017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2977500 | &nbsp;&nbsp;&nbsp; Ellucian Holdings, Inc., Term Loan B, 1 Mo. CME Term SOFR + <br> 2.50%, 0.00% Floor  | 6.17% | 10/09/29 | 2950703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9898076 | &nbsp;&nbsp;&nbsp; Internet Brands, Inc. (WebMD / MH Sub I LLC), Term Loan B-3, 1 <br> Mo. CME Term SOFR + 4.25%, 0.50% Floor  | 7.92% | 05/03/28 | 9014326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6837442 | &nbsp;&nbsp;&nbsp; LogMeIn, Inc. (GoTo Group, Inc.), First Out Term Loan (First <br> Lien), 3 Mo. CME Term SOFR + CSA + 4.75%, 0.00% Floor  | 8.57% | 04/30/28 | 5820372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5786801 | &nbsp;&nbsp;&nbsp; LogMeIn, Inc. (GoTo Group, Inc.), Second Out Term Loan (First <br> Lien), 3 Mo. CME Term SOFR + CSA + 4.75%, 0.00% Floor  | 8.57% | 04/30/28 | 1924111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1636002 | &nbsp;&nbsp;&nbsp; McAfee Corp. (Condor Merger Sub, Inc.), Term Loan B-1, 1 Mo. <br> CME Term SOFR + 3.00%, 0.50% Floor  | 6.67% | 03/01/29 | 1453996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5116145 | &nbsp;&nbsp;&nbsp; Qlik Technologies (Project Alpha Intermediate Holding, Inc.), Term <br> Loan (Second Lien), 3 Mo. CME Term SOFR + 5.00%, 0.50% <br> Floor  | 8.67% | 05/08/33 | 4092916 |

---

------

**First Trust Tactical High Yield ETF (HYLS)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Rate (g)** | **Stated**<br> **Maturity (h)**<br>| **Value** |
| **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** |
|  | **Application Software (Continued)** | **Application Software (Continued)** | **Application Software (Continued)** |  |
| $3936878 | &nbsp;&nbsp;&nbsp; SolarWinds Holdings, Inc. (Starlight Parent LLC), Term Loan B, 3 <br> Mo. CME Term SOFR + 4.00%, 0.00% Floor  | 7.70% | 04/16/32 | $3661297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6909794 | &nbsp;&nbsp;&nbsp; Solera Holdings, Inc. (Polaris Newco), Term Loan B, 3 Mo. CME <br> Term SOFR + CSA + 3.75%, 0.50% Floor  | 7.68% | 06/04/28 | 6401095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6740323 | X.AI LLC (Project Xerxes), Fixed Rate Term Loan  | 12.50% | 06/30/30 | 7318878 |
|  |  |  |  | 59535711 |
|  | **Asset Management & Custody Banks — 0.4%** | **Asset Management & Custody Banks — 0.4%** | **Asset Management & Custody Banks — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7001746 | &nbsp;&nbsp;&nbsp; Edelman Financial Engines Center LLC, Term Loan (Second Lien), <br> 1 Mo. CME Term SOFR + 5.25%, 0.00% Floor  | 8.92% | 10/06/28 | 7022191 |
|  | **Automotive Retail — 0.4%** | **Automotive Retail — 0.4%** | **Automotive Retail — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6277712 | &nbsp;&nbsp;&nbsp; Mavis Tire Express Services Topco Corp., Refi Term Loan B, 1 <br> Mo. CME Term SOFR + 3.00%, 0.75% Floor  | 6.67% | 05/04/28 | 6286720 |
|  | **Building Products — 0.2%** | **Building Products — 0.2%** | **Building Products — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2367777 | &nbsp;&nbsp;&nbsp; US LBM Holdings, Term Loan, 1 Mo. CME Term SOFR + 5.00%, <br> 0.75% Floor  | 8.67% | 06/06/31 | 2370405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1683156 | &nbsp;&nbsp;&nbsp; US LBM Holdings, Term Loan B, 1 Mo. CME Term SOFR + CSA <br> + 3.75%, 0.75% Floor  | 7.52% | 06/06/31 | 1624414 |
|  |  |  |  | 3994819 |
|  | **Data Processing & Outsourced Services — 0.2%** | **Data Processing & Outsourced Services — 0.2%** | **Data Processing & Outsourced Services — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3515628 | &nbsp;&nbsp;&nbsp; Consilio (Skopima Consilio Parent LLC), Refi Term Loan B, 1 Mo. <br> CME Term SOFR + 3.75%, 0.50% Floor  | 7.42% | 05/17/28 | 3030471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1006073 | &nbsp;&nbsp;&nbsp; Paysafe Holdings (US) Corp., Facility B1 Loan, 1 Mo. CME Term <br> SOFR + CSA + 2.75%, 0.50% Floor  | 6.54% | 06/28/28 | 943194 |
|  |  |  |  | 3973665 |
|  | **Diversified Support Services — 0.2%** | **Diversified Support Services — 0.2%** | **Diversified Support Services — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4383644 | &nbsp;&nbsp;&nbsp; Vestis Corp., Term Loan B-1, 3 Mo. CME Term SOFR + 2.25%, <br> 0.00% Floor  | 6.07% | 02/22/31 | 4113305 |
|  | **Electronic Equipment & Instruments — 0.4%** | **Electronic Equipment & Instruments — 0.4%** | **Electronic Equipment & Instruments — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1915200 | &nbsp;&nbsp;&nbsp; Convergint Technologies (DG Investment Intermediate Holdings 2, <br> Inc.), Refi Term Loan B, 1 Mo. CME Term SOFR + 3.25%, <br> 0.00% Floor  | 6.92% | 07/12/32 | 1923176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3101322 | &nbsp;&nbsp;&nbsp; Convergint Technologies (DG Investment Intermediate Holdings 2, <br> Inc.), Term Loan (Second Lien), 1 Mo. CME Term SOFR + <br> 5.50%, 0.00% Floor  | 9.17% | 07/31/33 | 3116829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2740442 | &nbsp;&nbsp;&nbsp; Verifone Systems, Inc., Extended Term Loan, 3 Mo. CME Term <br> SOFR + CSA + 5.25%, 0.00% Floor  | 9.18% | 08/21/28 | 2541760 |
|  |  |  |  | 7581765 |
|  | **Food Distributors — 0.1%** | **Food Distributors — 0.1%** | **Food Distributors — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1862983 | &nbsp;&nbsp;&nbsp; C&S Wholesale Grocers LLC, Term Loan B, 3 Mo. CME Term <br> SOFR + 5.00%, 0.00% Floor  | 8.67% | 09/23/30 | 1846682 |
|  | **Health Care Facilities — 0.6%** | **Health Care Facilities — 0.6%** | **Health Care Facilities — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11352957 | &nbsp;&nbsp;&nbsp; IVC Evidensia (VetStrategy Canada / IVC Acquisition Midco <br> LTD.), Term Loan B-12, 3 Mo. CME Term SOFR + 3.75%, <br> 0.50% Floor  | 7.42% | 12/06/28 | 11371405 |
|  | **Health Care Technology — 0.7%** | **Health Care Technology — 0.7%** | **Health Care Technology — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2977500 | &nbsp;&nbsp;&nbsp; athenahealth Group, Inc., Refi Term Loan B, 1 Mo. CME Term <br> SOFR + 2.75%, 0.50% Floor  | 6.42% | 02/15/29 | 2944316 |

---

------

**First Trust Tactical High Yield ETF (HYLS)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Rate (g)** | **Stated**<br> **Maturity (h)**<br>| **Value** |
| **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** |
|  | **Health Care Technology (Continued)** | **Health Care Technology (Continued)** | **Health Care Technology (Continued)** |  |
| $8539697 | Cotiviti, Inc. (Verscend), Fixed Rate Term Loan  | 7.63% | 05/01/31 | $7995334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1985003 | &nbsp;&nbsp;&nbsp; Mediware (Wellsky / Project Ruby Ultimate Parent Corp.), Refi <br> Term Loan B, 1 Mo. CME Term SOFR + CSA + 2.75%, 0.00% <br> Floor  | 6.54% | 03/10/28 | 1974155 |
|  |  |  |  | 12913805 |
|  | **Home Furnishings — 0.1%** | **Home Furnishings — 0.1%** | **Home Furnishings — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1277831 | &nbsp;&nbsp;&nbsp; Restoration Hardware (RH), Term Loan B-2, 1 Mo. CME Term <br> SOFR + CSA + 3.25%, 0.50% Floor  | 7.02% | 10/20/28 | 1275889 |
|  | **Industrial Machinery & Supplies & Components — 0.2%** | **Industrial Machinery & Supplies & Components — 0.2%** | **Industrial Machinery & Supplies & Components — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4382452 | &nbsp;&nbsp;&nbsp; Filtration Group Corp., Term Loan B, 1 Mo. CME Term SOFR + <br> 2.75%, 0.50% Floor  | 6.42% | 10/23/28 | 4395709 |
|  | **Insurance Brokers — 3.2%** | **Insurance Brokers — 3.2%** | **Insurance Brokers — 3.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11488000 | &nbsp;&nbsp;&nbsp; Alera Group, Inc., Term Loan (Second Lien), 1 Mo. CME Term <br> SOFR + 5.50%, 0.50% Floor  | 9.17% | 05/30/33 | 11734992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13511826 | &nbsp;&nbsp;&nbsp; CRC Insurance Group LLC (fka Truist Insurance), Term Loan <br> (Second Lien), 3 Mo. CME Term SOFR + 4.75%, 0.00% Floor  | 8.42% | 05/06/32 | 13613165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5627832 | &nbsp;&nbsp;&nbsp; Hyperion Insurance Group Ltd. (aka - Howden Group), Refi Term <br> Loan 2030, 1 Mo. CME Term SOFR + 2.75%, 0.50% Floor  | 6.42% | 04/18/30 | 5634276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 24162388 | &nbsp;&nbsp;&nbsp; OneDigital Borrower LLC, Term Loan (Second Lien), 1 Mo. CME <br> Term SOFR + 5.25%, 0.50% Floor  | 8.92% | 07/02/32 | 24373809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2714776 | &nbsp;&nbsp;&nbsp; Trucordia Insurance Holdings LLC, Term Loan B, 1 Mo. CME <br> Term SOFR + 3.25%, 0.00% Floor  | 6.92% | 06/17/32 | 2702913 |
|  |  |  |  | 58059155 |
|  | **Integrated Telecommunication Services — 0.5%** | **Integrated Telecommunication Services — 0.5%** | **Integrated Telecommunication Services — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8995756 | &nbsp;&nbsp;&nbsp; Numericable US LLC (Altice France SAS or SFR), Term Loan <br> B-14, 3 Mo. CME Term SOFR + 6.88%, 0.00% Floor  | 10.55% | 05/15/31 | 9149404 |
|  | **Interactive Media & Services — 1.3%** | **Interactive Media & Services — 1.3%** | **Interactive Media & Services — 1.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 15838787 | Twitter, Inc. (X Corp.), Fixed Rate Term Loan B-3  | 9.50% | 10/29/29 | 16420862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6447091 | &nbsp;&nbsp;&nbsp; Twitter, Inc. (X Corp.), Term Loan B-1, 3 Mo. CME Term SOFR + <br> CSA + 6.50%, 0.50% Floor  | 10.45% | 10/26/29 | 6446414 |
|  |  |  |  | 22867276 |
|  | **IT Consulting & Other Services — 0.8%** | **IT Consulting & Other Services — 0.8%** | **IT Consulting & Other Services — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 15053811 | &nbsp;&nbsp;&nbsp; Gainwell Acquisition Corp. (fka Milano), Term Loan B, 3 Mo. <br> CME Term SOFR + CSA + 4.00%, 0.75% Floor  | 7.77% | 10/01/27 | 14445336 |
|  | **Life Sciences Tools & Services — 0.5%** | **Life Sciences Tools & Services — 0.5%** | **Life Sciences Tools & Services — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8242773 | &nbsp;&nbsp;&nbsp; Syneos Health, Inc. (Star Parent), Term Loan B, 3 Mo. CME Term <br> SOFR + 4.00%, 0.00% Floor  | 7.67% | 09/30/30 | 8257486 |
|  | **Metal, Glass & Plastic Containers — 0.2%** | **Metal, Glass & Plastic Containers — 0.2%** | **Metal, Glass & Plastic Containers — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1888625 | &nbsp;&nbsp;&nbsp; ProAmpac PG Borrower LLC, 2024 Refi Term Loan B, 3 Mo. <br> CME Term SOFR + 4.00%, 0.75% Floor  | 7.67%-7.88% | 09/15/28 | 4314465 |
|  | **Other Specialty Retail — 0.2%** | **Other Specialty Retail — 0.2%** | **Other Specialty Retail — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1055913 | &nbsp;&nbsp;&nbsp; Petco Health and Wellness Co., Inc., Initial Term Loan B, 3 Mo. <br> CME Term SOFR + CSA + 3.25%, 0.75% Floor  | 7.18% | 03/04/28 | 1055654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2552056 | &nbsp;&nbsp;&nbsp; Petsmart, Inc., Term Loan B, 1 Mo. CME Term SOFR + 4.00%, <br> 0.00% Floor  | 7.67% | 08/18/32 | 2554289 |
|  |  |  |  | 3609943 |
|  | **Pharmaceuticals — 0.3%** | **Pharmaceuticals — 0.3%** | **Pharmaceuticals — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5335086 | &nbsp;&nbsp;&nbsp; Opella Healthcare Group (Opal U.S. LLC), Refi Term Loan B4 <br> (USD), 3 Mo. CME Term SOFR + 3.00%, 0.00% Floor  | 6.69% | 04/23/32 | 5341222 |

---

------

**First Trust Tactical High Yield ETF (HYLS)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Rate (g)** | **Stated**<br> **Maturity (h)**<br>| **Value** |
| **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** |
|  | **Research & Consulting Services — 0.7%** | **Research & Consulting Services — 0.7%** | **Research & Consulting Services — 0.7%** |  |
| $2654666 | &nbsp;&nbsp;&nbsp; AmSpec Parent LLC, Refi Term Loan B, 3 Mo. CME Term SOFR <br> + 3.50%, 0.00% Floor  | 7.17% | 12/22/31 | $2661302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3855099 | &nbsp;&nbsp;&nbsp; Clarivate Analytics PLC (Camelot), 2024 Term Loan B, 1 Mo. <br> CME Term SOFR + 2.75%, 0.00% Floor  | 6.42% | 01/31/31 | 3565966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6315647 | &nbsp;&nbsp;&nbsp; Clarivate Analytics PLC (Camelot), 2025 Incremental Term Loan, 1 <br> Mo. CME Term SOFR + 3.25%, 0.00% Floor  | 6.92% | 01/31/31 | 5991971 |
|  |  |  |  | 12219239 |
|  | **Security & Alarm Services — 0.5%** | **Security & Alarm Services — 0.5%** | **Security & Alarm Services — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8821118 | &nbsp;&nbsp;&nbsp; Garda World Security Corporation, Term Loan B, 3 Mo. CME <br> Term SOFR + 2.75%, 0.00% Floor  | 6.42% | 02/01/29 | 8821118 |
|  | **Systems Software — 0.8%** | **Systems Software — 0.8%** | **Systems Software — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1495044 | &nbsp;&nbsp;&nbsp; Idera, Inc. (Flash Charm), 2024 Refi Term Loan, 3 Mo. CME Term <br> SOFR + 3.50%, 0.75% Floor  | 7.35% | 03/02/28 | 1342175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3876692 | &nbsp;&nbsp;&nbsp; Idera, Inc. (Flash Charm), Term Loan (Second Lien), 3 Mo. CME <br> Term SOFR + CSA + 6.75%, 0.75% Floor  | 10.75% | 03/02/29 | 3394587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 329989 | &nbsp;&nbsp;&nbsp; Kaseya, Inc., Term Loan (Second Lien), 1 Mo. CME Term SOFR + <br> 5.00%, 0.00% Floor  | 8.67% | 03/20/33 | 317614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455800 | &nbsp;&nbsp;&nbsp; KnowBe4, Inc., Term Loan B, 3 Mo. CME Term SOFR + 3.75%, <br> 0.00% Floor  | 7.42% | 07/26/32 | 2369847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6026847 | &nbsp;&nbsp;&nbsp; Proofpoint, Inc., 2024 Refi Term Loan, 3 Mo. CME Term SOFR + <br> 3.00%, 0.50% Floor  | 6.67% | 08/31/28 | 5994845 |
|  |  |  |  | 13419068 |
|  | **Trading Companies & Distributors — 0.1%** | **Trading Companies & Distributors — 0.1%** | **Trading Companies & Distributors — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 882185 | &nbsp;&nbsp;&nbsp; Veritiv Corp. (Verde Purchaser LLC), Term Loan B, 3 Mo. CME <br> Term SOFR + 4.00%, 0.00% Floor  | 7.67% | 11/29/30 | 865754 |
|  | **Total Senior Floating-Rate Loan Interests** | **Total Senior Floating-Rate Loan Interests** | **Total Senior Floating-Rate Loan Interests** | 303688265 |
|  | (Cost $310,495,999) | (Cost $310,495,999) | (Cost $310,495,999) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Stated** <br>**Coupon**<br>| **Stated** <br>**Maturity**<br>| **Value** |
| **FOREIGN CORPORATE BONDS AND NOTES — 11.7%** | **FOREIGN CORPORATE BONDS AND NOTES — 11.7%** | **FOREIGN CORPORATE BONDS AND NOTES — 11.7%** | **FOREIGN CORPORATE BONDS AND NOTES — 11.7%** | **FOREIGN CORPORATE BONDS AND NOTES — 11.7%** |
|  | **Aerospace & Defense — 0.4%** | **Aerospace & Defense — 0.4%** | **Aerospace & Defense — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4137000 | Bombardier, Inc. (a) | 6.75% | 06/15/33 | 4350643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3444000 | Phoenix Aviation Capital, Ltd. (a) | 9.25% | 07/15/30 | 3612084 |
|  |  |  |  | 7962727 |
|  | **Application Software — 0.3%** | **Application Software — 0.3%** | **Application Software — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5077000 | Open Text Corp. (a) | 6.90% | 12/01/27 | 5245869 |
|  | **Automotive Parts & Equipment — 0.4%** | **Automotive Parts & Equipment — 0.4%** | **Automotive Parts & Equipment — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3486000 | Clarios Global, L.P. / Clarios US Finance Co. (a) | 6.75% | 02/15/30 | 3648678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3411000 | Clarios Global, L.P. / Clarios US Finance Co. (a) | 6.75% | 09/15/32 | 3532653 |
|  |  |  |  | 7181331 |
|  | **Building Products — 0.1%** | **Building Products — 0.1%** | **Building Products — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Cemex S.A.B. de C.V. (a) (e) | 7.20% | (f) | 1574625 |
|  | **Data Processing & Outsourced Services — 0.3%** | **Data Processing & Outsourced Services — 0.3%** | **Data Processing & Outsourced Services — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5874000 | Paysafe Finance PLC / Paysafe Holdings US Corp. (a) | 4.00% | 06/15/29 | 5249007 |
|  | **Diversified Support Services — 0.5%** | **Diversified Support Services — 0.5%** | **Diversified Support Services — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8153000 | Albion Financing 1 SARL / Aggreko Holdings, Inc. (a) | 7.00% | 05/21/30 | 8502576 |

---

------

**First Trust Tactical High Yield ETF (HYLS)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **FOREIGN CORPORATE BONDS AND NOTES (Continued)** | **FOREIGN CORPORATE BONDS AND NOTES (Continued)** | **FOREIGN CORPORATE BONDS AND NOTES (Continued)** | **FOREIGN CORPORATE BONDS AND NOTES (Continued)** | **FOREIGN CORPORATE BONDS AND NOTES (Continued)** |
|  | **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** |  |
| $309000 | Sensata Technologies B.V. (a) | 4.00% | 04/15/29 | $302728 |
|  | **Environmental & Facilities Services — 0.5%** | **Environmental & Facilities Services — 0.5%** | **Environmental & Facilities Services — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8298000 | GFL Environmental, Inc. (a) | 6.75% | 01/15/31 | 8691168 |
|  | **Homebuilding — 0.3%** | **Homebuilding — 0.3%** | **Homebuilding — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Mattamy Group Corp. (a) | 6.00% | 12/15/33 | 4916419 |
|  | **Hotels, Resorts & Cruise Lines — 0.9%** | **Hotels, Resorts & Cruise Lines — 0.9%** | **Hotels, Resorts & Cruise Lines — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5635000 | Carnival Corp. (a) | 5.88% | 06/15/31 | 5828749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7180000 | Carnival Corp. (a) | 5.75% | 08/01/32 | 7383007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Carnival Corp. (a) | 6.13% | 02/15/33 | 2058356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 687000 | Viking Cruises Ltd. (a) | 5.88% | 10/15/33 | 696798 |
|  |  |  |  | 15966910 |
|  | **Insurance Brokers — 3.7%** | **Insurance Brokers — 3.7%** | **Insurance Brokers — 3.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 20572000 | Ardonagh Finco Ltd. (a) (b) | 7.75% | 02/15/31 | 21279022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15484000 | Ardonagh Group Finance Ltd. (a) (b) | 8.88% | 02/15/32 | 15979150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | &nbsp;&nbsp;&nbsp; Howden UK Refinance PLC / Howden UK Refinance 2 PLC / <br> Howden US Refinance LLC (a) | 7.25% | 02/15/31 | 15523965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7500000 | &nbsp;&nbsp;&nbsp; Howden UK Refinance PLC / Howden UK Refinance 2 PLC / <br> Howden US Refinance LLC (a) | 8.13% | 02/15/32 | 7650127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1009000 | &nbsp;&nbsp;&nbsp; Howden UK Refinance PLC / Howden UK Refinance 2 PLC / <br> Howden US Refinance LLC, Series FEB. (a) (i) | 8.13% | 02/15/32 | 1029197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4500000 | Jones Deslauriers Insurance Management, Inc. (a) | 8.50% | 03/15/30 | 4707963 |
|  |  |  |  | 66169424 |
|  | **Metal, Glass & Plastic Containers — 1.0%** | **Metal, Glass & Plastic Containers — 1.0%** | **Metal, Glass & Plastic Containers — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8196000 | &nbsp;&nbsp;&nbsp; Ardagh Metal Packaging Finance USA LLC / Ardagh Metal <br> Packaging Finance PLC (a) | 6.25% | 01/30/31 | 8427709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6371000 | Canpack S.A. / Canpack US LLC (a) | 3.88% | 11/15/29 | 6097481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1921000 | Trivium Packaging Finance B.V. (a) | 8.25% | 07/15/30 | 2051021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1419000 | Trivium Packaging Finance B.V. (a) | 12.25% | 01/15/31 | 1553839 |
|  |  |  |  | 18130050 |
|  | **Packaged Foods & Meats — 0.5%** | **Packaged Foods & Meats — 0.5%** | **Packaged Foods & Meats — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9149000 | Froneri Lux FinCo SARL (a) | 6.00% | 08/01/32 | 9273482 |
|  | **Pharmaceuticals — 0.4%** | **Pharmaceuticals — 0.4%** | **Pharmaceuticals — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8323000 | Opal Bidco SAS (a) | 6.50% | 03/31/32 | 8498299 |
|  | **Restaurants — 1.4%** | **Restaurants — 1.4%** | **Restaurants — 1.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 656000 | 1011778 BC ULC / New Red Finance, Inc. (a) | 6.13% | 06/15/29 | 672989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25510000 | 1011778 BC ULC / New Red Finance, Inc. (a) (b) | 4.00% | 10/15/30 | 24354685 |
|  |  |  |  | 25027674 |
|  | **Security & Alarm Services — 0.5%** | **Security & Alarm Services — 0.5%** | **Security & Alarm Services — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 342000 | Garda World Security Corp. (a) | 8.25% | 08/01/32 | 349678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8793000 | Garda World Security Corp. (a) | 8.38% | 11/15/32 | 9034069 |
|  |  |  |  | 9383747 |
|  | **Specialized Consumer Services — 0.4%** | **Specialized Consumer Services — 0.4%** | **Specialized Consumer Services — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7100000 | Belron UK Finance PLC (a) | 5.75% | 10/15/29 | 7238956 |
|  | **Wireless Telecommunication Services — 0.1%** | **Wireless Telecommunication Services — 0.1%** | **Wireless Telecommunication Services — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1428000 | Ziggo BV (a) | 4.88% | 01/15/30 | 1349145 |
|  | **Total Foreign Corporate Bonds and Notes** | **Total Foreign Corporate Bonds and Notes** | **Total Foreign Corporate Bonds and Notes** | 210664137 |
|  | (Cost $206,313,944) | (Cost $206,313,944) | (Cost $206,313,944) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**First Trust Tactical High Yield ETF (HYLS)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 0.0%** | **COMMON STOCKS — 0.0%** | **COMMON STOCKS — 0.0%** |
|  | **Pharmaceuticals — 0.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 259956 | Akorn, Inc. (d) (j) (k) | $10398 |
|  | (Cost $2,979,179) |  |
| **MONEY MARKET FUNDS — 1.1%** | **MONEY MARKET FUNDS — 1.1%** | **MONEY MARKET FUNDS — 1.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; 20395061 | Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 3.56% (l) | 20395061 |
|  | (Cost $20,395,061) |  |
|  | **Total Investments — 97.0%** | 1743710538 |
|  | (Cost $1,746,267,625) |  |
|  | **Net Other Assets and Liabilities — 3.0%** | 53672119 |
|  | **Net Assets — 100.0%** | $1797382657 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) This security, sold within the terms of a private placement memorandum, is exempt
 from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the "1933 Act"), and may be resold in transactions exempt from registration, normally to qualified institutional buyers. Pursuant to procedures adopted by the Trust's Board of Trustees, this security has been determined to be liquid by First Trust Advisors L.P. (the "Advisor"). Although market instability can result in periods of increased overall market illiquidity, liquidity for each security is determined
 based on security specific factors and assumptions, which require subjective judgment. At January 31, 2026, securities noted
 as such amounted to $1,349,633,457 or 75.1% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(b) This security or a portion of this security is segregated as collateral for borrowings.
 At January 31, 2026, the segregated value of these securities amounts to $249,539,880.

&nbsp;&nbsp;&nbsp;&nbsp;(c) This issuer is in default and interest is not being accrued by the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(d) This issuer has filed for protection in bankruptcy court.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Fixed-to-floating or fixed-to-variable rate security. The interest rate shown reflects
 the fixed rate in effect at January 31, 2026. At a predetermined date, the fixed rate will change to a floating rate or a variable
 rate.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Perpetual maturity.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Senior Floating-Rate Loan Interests ("Senior Loans") in which the Fund invests pay interest at rates which are periodically predetermined by reference to a base lending rate plus a premium. These base lending
 rates are generally (i) the SOFR obtained from the U.S. Department of the Treasury's Office of Financial Research or another major financial institution, (ii) the lending rate offered by one or more major European banks, (iii) the prime rate offered by
 one or more United States banks or (iv) the certificate of deposit rate. Certain Senior Loans are subject to a SOFR floor that
 establishes a minimum SOFR rate. When a range of rates is disclosed, the Fund holds more than one contract within the same tranche
 with identical SOFR period, spread and floor, but different SOFR reset dates.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Senior Loans generally are subject to mandatory and/or optional prepayment. As a result,
 the actual remaining maturity of Senior Loans may be substantially less than the stated maturities shown.

&nbsp;&nbsp;&nbsp;&nbsp;(i) When-issued security. The interest rate shown reflects the rate in effect at January
 31, 2026. Interest will begin accruing on the security's first settlement date.

&nbsp;&nbsp;&nbsp;&nbsp;(j) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(k) Security received in a transaction exempt from registration under the 1933 Act. The
 security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional
 buyers (see Restricted Securities table).

&nbsp;&nbsp;&nbsp;&nbsp;(l) Rate shown reflects yield as of January 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| CME | – Chicago Mercantile Exchange |
| CSA | – Credit Spread Adjustment |
| SOFR | – Secured Overnight Financing Rate |
| USD | – United States Dollar |

---

------

**First Trust Tactical High Yield ETF (HYLS)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

------

**Valuation Inputs**

The Fund is subject to fair value accounting standards that define fair value, establish the framework for measuring fair value and provide a three-level hierarchy for fair valuation based upon the inputs to the valuation as of the measurement date. The three levels of the fair value hierarchy are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Level 1 inputs are quoted prices in active markets for identical investments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Level 2 inputs are observable inputs, either directly or indirectly. (Quoted prices for similar investments, valuations based on interest rates and yield curves, or valuations derived from observable market data.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Level 3 inputs are unobservable inputs that may reflect the reporting entity's own assumptions about the assumptions that market participants would use in pricing the investment.

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments.

A summary of the inputs used to value the Fund's investments as of January 31, 2026 is as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**1/31/2026**<br>| &nbsp;&nbsp;&nbsp; **Level 1** <br>**Quoted** <br>**Prices**<br>| &nbsp;&nbsp;&nbsp; **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| &nbsp;&nbsp;&nbsp; **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Corporate Bonds and Notes\* | &nbsp;&nbsp; $1208952677 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1208952677 | &nbsp;&nbsp;&nbsp;&nbsp; $— |
| Senior Floating-Rate Loan Interests\* | &nbsp;&nbsp; 303688265 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 303688265 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Foreign Corporate Bonds and Notes\* | &nbsp;&nbsp; 210664137 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 210664137 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Common Stocks\* | &nbsp;&nbsp; 10398 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10398 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Money Market Funds | &nbsp;&nbsp; 20395061 | &nbsp;&nbsp;&nbsp;&nbsp; 20395061 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Total Investments | &nbsp;&nbsp; $1743710538 | &nbsp;&nbsp;&nbsp;&nbsp; $20395061 | &nbsp;&nbsp;&nbsp;&nbsp; $1723315477 | &nbsp;&nbsp;&nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

------

**Restricted Securities**

As of January 31, 2026, the Fund held restricted securities as shown in the following table that the Advisor deemed illiquid pursuant to procedures adopted by the Trust's Board of Trustees:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Security | Acquisition <br>Date<br>| Shares | Current <br>Price<br>| Carrying <br>Cost<br>| Value | % of <br>Net Assets<br>|
| Akorn, Inc. | 10/15/20 | &nbsp;&nbsp; 259956 | &nbsp;&nbsp; $0.04 | &nbsp;&nbsp; $2979179 | &nbsp;&nbsp; $10398 | 0.00<br> %\*<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Amount is less than 0.01%.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** First Trust Exchange-Traded Fund IV

- **b. Investment Company Act file number:** 811-22559

- **c. CIK number of Registrant:** 0001517936

- **d. LEI of Registrant:** 5493006CBTW7P2B31B80

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

  - **Street Address 1:** 120 East Liberty Drive

  - **City:** Wheaton

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60187

  - **Telephone number:** 630-765-8000

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

- **a. Name of Series:** First Trust Tactical High Yield ETF

- **b. EDGAR series identifier (if any):** S000039493

- **c. LEI of Series:** 549300N8JZKZ2R50QR81

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1820220905.81

**Total Liabilities:** $22548870.30

**Net Assets:** $1797672035.51

**Delayed Delivery Securities:** $1053400.91

**Cash Not Reported:** $3440127.97

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 69.61379000 | **1-Year:** 11171.42199000 | **5-Year:** 17597.29291000 | **10-Year:** 26175.48635000 | **30-Year:** 4407.06902000

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

- **3-Month:** 2523.13618000 | **1-Year:** 162995.60835000 | **5-Year:** 260023.31381000 | **10-Year:** 15851.00346000 | **30-Year:** 465.55433000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000121641 | 0.45%                | 0.60%                | -0.17%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $295893.95               | $-987774.50                                |
| Month 2  | $546861.80               | $-44720.44                                 |
| Month 3  | $-4655989.59             | $-8330345.54                               |

**Designated Index Information**

- **Index Name:** The Fund's Designated Reference Portfolio is the Fund's Securities Portfolio.

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                      | Title                                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| 1011778 BC / NEW RED FIN                  | 1011778 BC ULC / New Red Finance Inc                                            | CUSIP: 68245XAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    656000 | PA      | $672988.64    | 0.04%             | 2029-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                     | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   4148000 | PA      | $4350131.67   | 0.24%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRUIST INSURANC 03/08/32                  | TRUIST INSURANC 03/08/32                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  13511826 | PA      | $13613165.11  | 0.76%             | 2032-05-06      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                     | Tenet Healthcare Corp                                                           | CUSIP: 88033GDV9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    692000 | PA      | $712415.38    | 0.04%             | 2033-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                             | Carnival Corp                                                                   | CUSIP: 143658BZ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   5635000 | PA      | $5828749.33   | 0.32%             | 2031-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                    | Cloud Software Group Inc                                                        | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |  17044000 | PA      | $17230653.79  | 0.96%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NUMERICABLE US LLC                        | NUMERICABLE US LLC                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4849891 | PA      | $4932727.08   | 0.27%             | 2031-05-15      | Floating      | 10.55%                | No            |                  2 | On Loan: No      |
| LIGHTNING POWER LLC                       | Lightning Power LLC                                                             | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |  26977000 | PA      | $28728454.75  | 1.60%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                   | Arthur J Gallagher & Co                                                         | CUSIP: 04316JAJ8<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |   3287000 | PA      | $3230058.94   | 0.18%             | 2054-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                  | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17412000 | PA      | $17709745.20  | 0.99%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                    | RB Global Holdings Inc                                                          | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |   4522000 | PA      | $4719326.51   | 0.26%             | 2031-03-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GRAHAM HOLDINGS CO                        | Graham Holdings Co                                                              | CUSIP: 384637AC8<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | DBT              | CORP              | US        |   1385000 | PA      | $1395142.36   | 0.08%             | 2033-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                         | Post Holdings Inc                                                               | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   8579000 | PA      | $8819683.85   | 0.49%             | 2032-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                   | Jane Street Group / JSG Finance Inc                                             | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2547642.50   | 0.14%             | 2032-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| AHP HEALTH PARTN                          | AHP Health Partners Inc                                                         | CUSIP: 00150LAB7<br>LEI: 549300QMM8MQ6SM5KX05 | Long             | DBT              | CORP              | US        |  11124000 | PA      | $10855300.00  | 0.60%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ZI TECH LLC/ZI FIN CORP                   | ZoomInfo Technologies LLC/ZoomInfo Finance Corp                                 | CUSIP: 98981BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1356000 | PA      | $1240817.09   | 0.07%             | 2029-02-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                  | Graphic Packaging International LLC                                             | CUSIP: 38869AAD9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |   2353000 | PA      | $2224246.43   | 0.12%             | 2030-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CIPHER COMPUTE LLC                        | Cipher Compute LLC                                                              | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4166000 | PA      | $4297899.73   | 0.24%             | 2030-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                  | Builders FirstSource Inc                                                        | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |  16601000 | PA      | $17462243.28  | 0.97%             | 2035-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                            | Gray Media Inc                                                                  | CUSIP: 389375AL0<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   7254000 | PA      | $5605424.04   | 0.31%             | 2030-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                    | Energizer Holdings Inc                                                          | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |   6851000 | PA      | $6584920.86   | 0.37%             | 2029-03-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AECOM                                     | AECOM                                                                           | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |   2442000 | PA      | $2503311.29   | 0.14%             | 2033-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                        | Ford Motor Co                                                                   | CUSIP: 345370CX6<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   6631000 | PA      | $7717880.51   | 0.43%             | 2030-04-22      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| HCA INC                                   | HCA Inc                                                                         | CUSIP: 404119BZ1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6351625.84   | 0.35%             | 2049-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                       | Clarivate Science Holdings Corp                                                 | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8413000 | PA      | $7238711.78   | 0.40%             | 2029-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                     | Trivium Packaging Finance BV                                                    | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |   1419000 | PA      | $1553839.06   | 0.09%             | 2031-01-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| AKORN OPERATING COMPANY                   | AKORN OPERATING COMPANY                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    259956 | NS      | $10398.24     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                           | Gen Digital Inc                                                                 | CUSIP: 668771AL2<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |   8094000 | PA      | $8303157.05   | 0.46%             | 2030-09-30      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                              | US Foods Inc                                                                    | CUSIP: 90290MAH4<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   8582000 | PA      | $9015064.88   | 0.50%             | 2032-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PETCO HEALTH & 02/25/28                   | PETCO HEALTH & 02/25/28                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1055913 | PA      | $1055653.94   | 0.06%             | 2028-03-03      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                      | Garda World Security Corp                                                       | CUSIP: 36485MAN9<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    342000 | PA      | $349677.90    | 0.02%             | 2032-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| WHITE CAP SUPPLY HOLDING                  | White Cap Supply Holdings LLC                                                   | CUSIP: 96467GAC2<br>LEI: 254900L2N0T6GULCL366 | Long             | DBT              | CORP              | US        |   4257000 | PA      | $4424291.59   | 0.25%             | 2030-11-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                     | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    343000 | PA      | $376263.45    | 0.02%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                     | Tenet Healthcare Corp                                                           | CUSIP: 88033GDW7<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1706000 | PA      | $1724365.74   | 0.10%             | 2032-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                    | Venture Global LNG Inc                                                          | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   2020000 | PA      | $2137000.42   | 0.12%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| SYNERGY INFRASTRUCTURE H                  | Synergy Infrastructure Holdings LLC                                             | CUSIP: 87191JAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    692000 | PA      | $723580.80    | 0.04%             | 2030-12-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                  | Clear Channel Outdoor Holdings Inc                                              | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   3450000 | PA      | $3634426.65   | 0.20%             | 2030-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SS&C TECHNOLOGIES INC                     | SS&C Technologies Inc                                                           | CUSIP: 78466CAD8<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |   3357000 | PA      | $3468549.75   | 0.19%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                  | Standard Industries Inc/NY                                                      | CUSIP: 853496AD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1426000 | PA      | $1419350.42   | 0.08%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                          | CSC Holdings LLC                                                                | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   5800000 | PA      | $3718623.60   | 0.21%             | 2029-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                 | Sunoco LP                                                                       | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5153200.00   | 0.29%             | N/A             | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| MAVIS TIRE EXPR 05/04/28                  | MAVIS TIRE EXPR 05/04/28                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6277712 | PA      | $6286720.19   | 0.35%             | 2028-05-04      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                     | PennyMac Financial Services Inc                                                 | CUSIP: 70932MAH0<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10098150.00  | 0.56%             | 2034-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                             | EchoStar Corp                                                                   | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   7917315 | PA      | $8683433.99   | 0.48%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| PETSMART LLC/PETSMART FI                  | PetSmart LLC / PetSmart Finance Corp                                            | CUSIP: 71677KAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1698000 | PA      | $1742268.56   | 0.10%             | 2032-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Opal US LLC                               | OPAL US LLC OPA 04/23/32                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5335086 | PA      | $5341221.65   | 0.30%             | 2032-04-23      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                       | Axon Enterprise Inc                                                             | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    690000 | PA      | $715360.95    | 0.04%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRUCORDIA PTRFO 06/12/32                  | TRUCORDIA PTRFO 06/12/32                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2714776 | PA      | $2702912.65   | 0.15%             | 2032-06-12      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                             | Carnival Corp                                                                   | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   2000000 | PA      | $2058356.00   | 0.11%             | 2033-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                             | FirstCash Inc                                                                   | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |   9796000 | PA      | $10195206.59  | 0.57%             | 2032-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                  | Builders FirstSource Inc                                                        | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   9914000 | PA      | $10270190.19  | 0.57%             | 2034-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                  | Clear Channel Outdoor Holdings Inc                                              | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1439972.04   | 0.08%             | 2031-02-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                    | Cloud Software Group Inc                                                        | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   8070000 | PA      | $8216050.86   | 0.46%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                     | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |  12101000 | PA      | $13499851.40  | 0.75%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AMER SPORTS COMPANY                       | Amer Sports Co                                                                  | CUSIP: 02352NAA7<br>LEI: 549300NRKH9WF70VFC95 | Long             | DBT              | CORP              | US        |   1299000 | PA      | $1354033.43   | 0.08%             | 2031-02-16      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                     | Ellucian Holdings Inc                                                           | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |   5562000 | PA      | $5487210.57   | 0.31%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PROJECT RUBY UL 03/10/28                  | PROJECT RUBY UL 03/10/28                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1985003 | PA      | $1974154.91   | 0.11%             | 2028-03-10      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                   | Sensata Technologies BV                                                         | CUSIP: 81725WAK9<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |    309000 | PA      | $302727.61    | 0.02%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PROOFPOINT INC 08/31/28                   | PROOFPOINT INC 08/31/28                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6026847 | PA      | $5994844.70   | 0.33%             | 2028-08-31      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                       | Station Casinos LLC                                                             | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |   1592000 | PA      | $1529571.47   | 0.09%             | 2031-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                 | Sunoco LP                                                                       | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   5045000 | PA      | $5078291.96   | 0.28%             | 2031-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LogMeIn, Inc. ( 04/30/28                  | LogMeIn, Inc. ( 04/30/28                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5786801 | PA      | $1924111.41   | 0.11%             | 2028-04-30      | Floating      | 9.13%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC/PETSMART FI                  | PetSmart LLC / PetSmart Finance Corp                                            | CUSIP: 71677KAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1383000 | PA      | $1440274.18   | 0.08%             | 2033-09-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                     | Freedom Mortgage Holdings LLC                                                   | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   3850000 | PA      | $4030083.75   | 0.22%             | 2032-04-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| TRINET GROUP INC                          | TriNet Group Inc                                                                | CUSIP: 896288AC1<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |   8537000 | PA      | $8805437.43   | 0.49%             | 2031-08-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| X CORP 9.50%, d0/29/2029                  | X CORP 9.50%, d0/29/2029                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  15838787 | PA      | $16420861.96  | 0.91%             | 2029-10-29      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPCO/FINCO                       | Go Daddy Operating Co LLC / GD Finance Co Inc                                   | CUSIP: 38016LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3497876.90   | 0.19%             | 2027-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                     | Freedom Mortgage Holdings LLC                                                   | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   1382000 | PA      | $1447596.63   | 0.08%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                   | Light & Wonder International Inc                                                | CUSIP: 531968AA3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |   2587000 | PA      | $2715421.27   | 0.15%             | 2031-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                      | Garda World Security Corp                                                       | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   8793000 | PA      | $9034068.89   | 0.50%             | 2032-11-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SS&C TECHNOLOGIES INC                     | SS&C Technologies Inc                                                           | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |   1582000 | PA      | $1581556.72   | 0.09%             | 2027-09-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                    | SCIH Salt Holdings Inc                                                          | CUSIP: 78433BAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $700271.25    | 0.04%             | 2029-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC9/19/2030                  | STAR PARENT INC9/19/2030                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8242773 | PA      | $8257486.50   | 0.46%             | 2030-09-19      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| VISTA MANAGEMEN 03/26/31                  | VISTA MANAGEMEN 03/26/31                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8075623 | PA      | $8110954.21   | 0.45%             | 2031-03-26      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                  | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1790000 | PA      | $1785761.64   | 0.10%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BELLRING BRANDS INC                       | BellRing Brands Inc                                                             | CUSIP: 07831CAA1<br>LEI: 549300S3BOK5CMTS8054 | Long             | DBT              | CORP              | US        |   6292000 | PA      | $6470873.07   | 0.36%             | 2030-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FORTREA HOLDINGS INC                      | Fortrea Holdings Inc                                                            | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5092960.00   | 0.28%             | 2030-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                     | Molina Healthcare Inc                                                           | CUSIP: 60855RAJ9<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |   3032000 | PA      | $2979830.20   | 0.17%             | 2028-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                       | Medline Borrower LP                                                             | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   8780000 | PA      | $8591276.18   | 0.48%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                  | Rockies Express Pipeline LLC                                                    | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    720000 | PA      | $760348.80    | 0.04%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                    | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc              | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8292000 | PA      | $7846888.18   | 0.44%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                    | EquipmentShare.com Inc                                                          | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10556200.00  | 0.59%             | 2033-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING                  | JH North America Holdings Inc                                                   | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |   3580000 | PA      | $3650304.04   | 0.20%             | 2032-07-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                     | Williams Scotsman Inc                                                           | CUSIP: 96949VAL7<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |   2077000 | PA      | $2166763.79   | 0.12%             | 2031-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                            | Open Text Corp                                                                  | CUSIP: 683715AF3<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |   5077000 | PA      | $5245868.48   | 0.29%             | 2027-12-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                        | Ardonagh Finco Ltd                                                              | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |  20572000 | PA      | $21279022.20  | 1.18%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Hyperion Refinance Sarl                   | HYPERION REFINA 04/18/30                                                        | CUSIP: 000000000<br>LEI: 213800R6D9EVRN5D3117 | Long             | LON              | CORP              | LU        |   5627832 | PA      | $5634276.24   | 0.31%             | 2030-04-18      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| LIFE TIME INC                             | Life Time Inc                                                                   | CUSIP: 53190FAE5<br>LEI: 549300PALKE96VYH4X17 | Long             | DBT              | CORP              | US        |   2031000 | PA      | $2083420.11   | 0.12%             | 2031-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ZIPRECRUITER INC                          | ZipRecruiter Inc                                                                | CUSIP: 98980BAA1<br>LEI: 549300HLOVNNFCY2IV80 | Long             | DBT              | CORP              | US        |   9953000 | PA      | $6914338.15   | 0.38%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRINKER INTERNATIONAL IN                  | Brinker International Inc                                                       | CUSIP: 109641AK6<br>LEI: 52990067JY6PBGJNTG76 | Long             | DBT              | CORP              | US        |   1182000 | PA      | $1252714.33   | 0.07%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                     | GFL Environmental Inc                                                           | CUSIP: 36168QAQ7<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |   8298000 | PA      | $8691168.28   | 0.48%             | 2031-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SELECT MEDICAL CORP                       | Select Medical Corp                                                             | CUSIP: 816196AV1<br>LEI: 549300X05KS0JKR8CB50 | Long             | DBT              | CORP              | US        |   9172000 | PA      | $8908979.97   | 0.50%             | 2032-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CARS.COM INC                              | Cars.com Inc                                                                    | CUSIP: 14575EAA3<br>LEI: 5493002G6J07LNGX4M98 | Long             | DBT              | CORP              | US        |   6913000 | PA      | $6920917.46   | 0.38%             | 2028-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                           | Sealed Air Corp                                                                 | CUSIP: 81211KBA7<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |   1434000 | PA      | $1444254.53   | 0.08%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                  | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13365000 | PA      | $13410882.05  | 0.75%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                           | Star Parent Inc                                                                 | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |   3372000 | PA      | $3563266.58   | 0.20%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                  | iHeartCommunications Inc                                                        | CUSIP: 45174HBG1<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |   4143000 | PA      | $3773312.82   | 0.21%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PHOENIX AVIATION CAPITAL                  | Phoenix Aviation Capital Ltd                                                    | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | IE        |   3444000 | PA      | $3612084.18   | 0.20%             | 2030-07-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| LABL INC                                  | LABL Inc                                                                        | CUSIP: 50168QAF2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |   5067000 | PA      | $2330820.00   | 0.13%             | 2031-10-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| VESTIS CORP VESD 2/14/31                  | VESTIS CORP VESD 2/14/31                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4383644 | PA      | $4113304.93   | 0.23%             | 2031-02-24      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATI 11/29/30                  | VERITIV OPERATI 11/29/30                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    882185 | PA      | $865753.94    | 0.05%             | 2030-11-29      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC                    | CACI International Inc                                                          | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |    690000 | PA      | $716763.03    | 0.04%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                  | Standard Industries Inc/NY                                                      | CUSIP: 853496AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $923504.75    | 0.05%             | 2031-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BALDWIN INSUR GRP/FIN                     | Baldwin Insurance Group Holdings LLC / Baldwin Insurance Group Holdings Finance | CUSIP: 05825XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  19730000 | PA      | $20301952.97  | 1.13%             | 2031-05-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                              | Magnera Corp                                                                    | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |   1470000 | PA      | $1390492.55   | 0.08%             | 2031-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                         | DISH Network Corp                                                               | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |  17162000 | PA      | $17770701.82  | 0.99%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| WRANGLER HOLDCO CORP                      | Wrangler Holdco Corp                                                            | CUSIP: 37441QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1312000 | PA      | $1366108.19   | 0.08%             | 2032-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| LEIA FINCO US L 07/02/32                  | LEIA FINCO US L 07/02/32                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  17038155 | PA      | $16898016.60  | 0.94%             | 2032-07-02      | Floating      | 8.90%                 | No            |                  2 | On Loan: No      |
| LBM Acquisition LLC                       | LBM ACQUISITION 06/06/31                                                        | CUSIP: 50179JAH1<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |   1683156 | PA      | $1624413.64   | 0.09%             | 2031-06-06      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| SKOPIMA CONSILI 05/17/28                  | SKOPIMA CONSILI 05/17/28                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3515628 | PA      | $3030471.15   | 0.17%             | 2028-05-17      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD US                    | Cushman & Wakefield US Borrower LLC                                             | CUSIP: 23166MAC7<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |   1771000 | PA      | $1888484.60   | 0.11%             | 2031-09-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                  | Service Properties Trust                                                        | CUSIP: 81761LAB8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2481794.00   | 0.14%             | 2027-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CORELOGIC INC                             | CoreLogic Inc                                                                   | CUSIP: 21871DAD5<br>LEI: 54930086CD8K2UIL0516 | Long             | DBT              | CORP              | US        |    696000 | PA      | $683564.71    | 0.04%             | 2028-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US                  | Sealed Air Corp/Sealed Air Corp US                                              | CUSIP: 812127AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2351000 | PA      | $2387407.59   | 0.13%             | 2028-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                 | Sunoco LP                                                                       | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   7281000 | PA      | $7303811.37   | 0.41%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC                   | Park River Holdings Inc                                                         | CUSIP: 70082LAC1<br>LEI: 254900PGY077KWCROT75 | Long             | DBT              | CORP              | US        |   2376000 | PA      | $2450109.82   | 0.14%             | 2031-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                          | UWM Holdings LLC                                                                | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9943074.30   | 0.55%             | 2031-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                             | TransDigm Inc                                                                   | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   4931000 | PA      | $5104684.61   | 0.28%             | 2032-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ONEDIGITALBORR7/2/32                      | ONEDIGITALBORR7/2/32                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    505585 | PA      | $510009.05    | 0.03%             | 2032-07-02      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| MH SUB I LLC INL 4/25/28                  | MH SUB I LLC INL 4/25/28                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   9898076 | PA      | $9014326.08   | 0.50%             | 2028-04-25      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US                  | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC   | CUSIP: 44287GAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |  15000000 | PA      | $15523965.00  | 0.86%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                  | Graphic Packaging International LLC                                             | CUSIP: 38869AAC1<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $954755.00    | 0.05%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                    | Cloud Software Group Inc                                                        | CUSIP: 18912UAG7<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1370000 | PA      | $1314674.61   | 0.07%             | 2033-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| VETSTRATEGY CAN 12/06/28                  | VETSTRATEGY CAN 12/06/28                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  11352957 | PA      | $11371405.07  | 0.63%             | 2028-12-06      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                     | Trivium Packaging Finance BV                                                    | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |   1921000 | PA      | $2051020.96   | 0.11%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                    | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7781000 | PA      | $8009372.35   | 0.45%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                           | Gen Digital Inc                                                                 | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |   2722000 | PA      | $2738043.47   | 0.15%             | 2033-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KNOWBE4 INC KNB 07/31/32                  | KNOWBE4 INC KNB 07/31/32                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2455800 | PA      | $2369847.00   | 0.13%             | 2032-07-31      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC                   | Park River Holdings Inc                                                         | CUSIP: 70082LAD9<br>LEI: 254900PGY077KWCROT75 | Long             | DBT              | CORP              | US        |   3749731 | PA      | $3743169.72   | 0.21%             | 2030-12-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                    | AthenaHealth Group Inc                                                          | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |  17722000 | PA      | $17203259.34  | 0.96%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                  | Clear Channel Outdoor Holdings Inc                                              | CUSIP: 18453HAC0<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5004440.00   | 0.28%             | 2028-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                     | Williams Scotsman Inc                                                           | CUSIP: 96949VAN3<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    697000 | PA      | $722639.84    | 0.04%             | 2030-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US                  | Sealed Air Corp/Sealed Air Corp US                                              | CUSIP: 812127AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2251000 | PA      | $2346730.53   | 0.13%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS/CAN WON/MILLEN                  | Six Flags Entertainment Corp/Canada's Wonderland Co/Millennium Operations LLC   | CUSIP: 83003AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2780000 | PA      | $2838894.30   | 0.16%             | 2032-01-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                       | Axon Enterprise Inc                                                             | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $1066514.72   | 0.06%             | 2030-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PROJECT ALPHA I 11/21/32                  | PROJECT ALPHA I 11/21/32                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5116145 | PA      | $4092916.08   | 0.23%             | 2032-11-21      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                  | Sinclair Television Group Inc                                                   | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   4075000 | PA      | $4217482.38   | 0.23%             | 2033-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                  | Standard Industries Inc/NY                                                      | CUSIP: 853496AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2492000 | PA      | $2405232.55   | 0.13%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| DREAM FINDERS HOMES INC                   | Dream Finders Homes Inc                                                         | CUSIP: 26154DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5069260.00   | 0.28%             | 2030-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                 | Block Inc                                                                       | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   1384000 | PA      | $1414389.65   | 0.08%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                    | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4747000 | PA      | $4465008.74   | 0.25%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                    | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCU5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2085000 | PA      | $2106658.25   | 0.12%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE                    | Ardonagh Group Finance Ltd                                                      | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |  15484000 | PA      | $15979149.52  | 0.89%             | 2032-02-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| SEAWORLD PARKS & ENTERTA                  | SeaWorld Parks & Entertainment Inc                                              | CUSIP: 81282UAG7<br>LEI: 549300UZV72O3371JJ53 | Long             | DBT              | CORP              | US        |    717000 | PA      | $701407.19    | 0.04%             | 2029-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                             | TransDigm Inc                                                                   | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1663000 | PA      | $1695466.75   | 0.09%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENT/SIX FLAG                    | Six Flags Entertainment Corp /Six Flags Theme Parks Inc/ Canada's Wonderland Co | CUSIP: 83002YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2671000 | PA      | $2730771.64   | 0.15%             | 2032-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                          | Allied Universal Holdco LLC / Allied Universal Finance Corp                     | CUSIP: 019576AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4616000 | PA      | $4796788.78   | 0.27%             | 2030-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                      | Fiesta Purchaser Inc                                                            | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5179000 | PA      | $5251987.65   | 0.29%             | 2032-09-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                              | US Foods Inc                                                                    | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   9700000 | PA      | $9875670.88   | 0.55%             | 2033-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP                               | McAfee Corp                                                                     | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $9562669.80   | 0.53%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                   | Jane Street Group / JSG Finance Inc                                             | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7039000 | PA      | $7324844.78   | 0.41%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| POLARIS NEWCO L B 1L USD                  | POLARIS NEWCO L B 1L USD                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6909794 | PA      | $6401094.78   | 0.36%             | 2028-06-03      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                  | Jones Deslauriers Insurance Management Inc                                      | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |   4500000 | PA      | $4707963.00   | 0.26%             | 2030-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| PETSMART INC PE 08/18/32                  | PETSMART INC PE 08/18/32                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2552056 | PA      | $2554288.83   | 0.14%             | 2032-08-18      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO                                | Opal Bidco SAS                                                                  | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |   8323000 | PA      | $8498299.03   | 0.47%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | 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        |   1431000 | PA      | $1367944.42   | 0.08%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ONEDIGITAL BORR 06/12/32                  | ONEDIGITAL BORR 06/12/32                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  23656802 | PA      | $23863799.50  | 1.33%             | 2032-07-02      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                  | Ashton Woods USA LLC / Ashton Woods Finance Co                                  | CUSIP: 045086AR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5048790.00   | 0.28%             | 2033-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MILANO ACQUISIT 08/17/27                  | MILANO ACQUISIT 08/17/27                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  15053811 | PA      | $14445335.97  | 0.80%             | 2027-10-01      | Floating      | 7.77%                 | No            |                  2 | On Loan: No      |
| DG Investment Intermediate Holdings 2 Inc | DG INVESTMENT I 07/12/32                                                        | CUSIP: 23344MAM0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1915200 | PA      | $1923176.75   | 0.11%             | 2032-07-12      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                    | RB Global Holdings Inc                                                          | CUSIP: 76774LAB3<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |   1945000 | PA      | $1983571.30   | 0.11%             | 2028-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| EDELMAN FINANCI 07/20/26                  | EDELMAN FINANCI 07/20/26                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7001746 | PA      | $7022191.10   | 0.39%             | 2028-10-06      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                    | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $898257.36    | 0.05%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                               | Wayfair LLC                                                                     | CUSIP: 94419NAC1<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |    690000 | PA      | $713730.48    | 0.04%             | 2032-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                     | Scotts Miracle-Gro Co/The                                                       | CUSIP: 810186AW6<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |   2027000 | PA      | $1912445.31   | 0.11%             | 2032-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                     | HUB International Ltd                                                           | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |  11902000 | PA      | $12424545.41  | 0.69%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                         | Herc Holdings Inc                                                               | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7940932.50   | 0.44%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                           | Lamb Weston Holdings Inc                                                        | CUSIP: 513272AE4<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |   5707000 | PA      | $5441628.38   | 0.30%             | 2032-01-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                            | Rocket Cos Inc                                                                  | CUSIP: 77311WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2788000 | PA      | $2915096.56   | 0.16%             | 2032-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| PAYSAFE FIN PLC/PAYSAFE                   | Paysafe Finance PLC / Paysafe Holdings US Corp                                  | CUSIP: 70452AAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   5874000 | PA      | $5249006.99   | 0.29%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                         | Newell Brands Inc                                                               | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   1031000 | PA      | $1081678.81   | 0.06%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SC GAMES HOLDIN/US FINCO                  | Scientific Games Holdings LP/Scientific Games US FinCo Inc                      | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4733000 | PA      | $4322225.49   | 0.24%             | 2030-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP MCF 03/01/29                  | MCAFEE CORP MCF 03/01/29                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1636002 | PA      | $1453996.49   | 0.08%             | 2029-03-01      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                      | Fiesta Purchaser Inc                                                            | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4267000 | PA      | $4391575.07   | 0.24%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| WULF COMPUTE LLC                          | WULF Compute LLC                                                                | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4152000 | PA      | $4334480.40   | 0.24%             | 2030-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| HCA INC                                   | HCA Inc                                                                         | CUSIP: 404119BV0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3777580.88   | 0.21%             | 2047-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                      | Alpha Generation LLC                                                            | CUSIP: 02073LAC5<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10070940.00  | 0.56%             | 2034-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| RINGCENTRAL INC                           | RingCentral Inc                                                                 | CUSIP: 76680RAJ6<br>LEI: 549300C8EH0H1614VE84 | Long             | DBT              | CORP              | US        |  15391000 | PA      | $16171441.75  | 0.90%             | 2030-08-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                  | Charles River Laboratories International Inc                                    | CUSIP: 159864AE7<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    950000 | PA      | $938615.39    | 0.05%             | 2028-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AMSPEC PARENT L 12/22/31                  | AMSPEC PARENT L 12/22/31                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2654666 | PA      | $2661302.25   | 0.15%             | 2031-12-22      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                        | CP Atlas Buyer Inc                                                              | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |   4474000 | PA      | $4657205.83   | 0.26%             | 2030-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| PRIMO / TRITON WATER HLD                  | Primo Water Holdings Inc / Triton Water Holdings Inc                            | CUSIP: 74168RAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1384000 | PA      | $1386239.31   | 0.08%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CANPACK SA/CANPACK US                     | Canpack SA / Canpack US LLC                                                     | CUSIP: 13806CAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   6371000 | PA      | $6097480.87   | 0.34%             | 2029-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                     | Panther Escrow Issuer LLC                                                       | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  21394000 | PA      | $22047501.12  | 1.23%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                             | TransDigm Inc                                                                   | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |  10652000 | PA      | $10851320.22  | 0.60%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                         | Herc Holdings Inc                                                               | CUSIP: 42704LAH7<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    347000 | PA      | $349668.43    | 0.02%             | 2031-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC                      | Amentum Holdings Inc                                                            | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |    684000 | PA      | $721221.91    | 0.04%             | 2032-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                         | Post Holdings Inc                                                               | CUSIP: 737446AY0<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   6934000 | PA      | $6944461.53   | 0.39%             | 2036-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DG INVESTMENT I 07/23/33                  | DG INVESTMENT I 07/23/33                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3101322 | PA      | $3116828.77   | 0.17%             | 2033-07-23      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                  | Builders FirstSource Inc                                                        | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95394.78     | 0.01%             | 2032-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                  | 1011778 BC ULC / New Red Finance Inc                                            | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |  25510000 | PA      | $24354685.52  | 1.35%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RH RH TL B2 1L 10/20/28                   | RH RH TL B2 1L 10/20/28                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1277831 | PA      | $1275888.61   | 0.07%             | 2028-10-20      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| INSTALLED BUILDING PRODU                  | Installed Building Products Inc                                                 | CUSIP: 45780RAB7<br>LEI: 549300I95Y9P9YM5FI86 | Long             | DBT              | CORP              | US        |    696000 | PA      | $701740.71    | 0.04%             | 2034-02-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                      | Neptune Bidco US Inc                                                            | CUSIP: 640695AD4<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    715000 | PA      | $728954.04    | 0.04%             | 2033-02-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                        | Viking Cruises Ltd                                                              | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    687000 | PA      | $696797.75    | 0.04%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                             | Nordstrom Inc                                                                   | CUSIP: 655664AT7<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |   2854000 | PA      | $2727482.47   | 0.15%             | 2030-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GATES CORPORATION/DE                      | Gates Corp/DE                                                                   | CUSIP: 367398AA2<br>LEI: 984500F43C791F4C7894 | Long             | DBT              | CORP              | US        |   1679000 | PA      | $1747474.66   | 0.10%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Ellucian Holdings Inc                     | ELLUCIAN HOLDIN 10/09/29                                                        | CUSIP: 000000000<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |   2977500 | PA      | $2950702.50   | 0.16%             | 2029-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                     | QXO Building Products Inc                                                       | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |  19171000 | PA      | $19773256.97  | 1.10%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                    | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC     | CUSIP: 03969YAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   8196000 | PA      | $8427709.12   | 0.47%             | 2031-01-30      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                              | US Foods Inc                                                                    | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   1397000 | PA      | $1395974.18   | 0.08%             | 2029-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                     | Scotts Miracle-Gro Co/The                                                       | CUSIP: 810186AX4<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1884905.20   | 0.10%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| USI INC/NY                                | USI Inc/NY                                                                      | CUSIP: 90346KAB5<br>LEI: 2549006D7UF7072T7I27 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2096240.00   | 0.12%             | 2032-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US                  | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC   | CUSIP: 44287DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   7500000 | PA      | $7650127.50   | 0.43%             | 2032-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Garda World Security Corp                 | GARDA WORLD SEC 02/01/29                                                        | CUSIP: 000000000<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | LON              | CORP              | CA        |   8843394 | PA      | $8843393.50   | 0.49%             | 2029-02-01      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| CAMELOT US ACQU 01/31/31                  | CAMELOT US ACQU 01/31/31                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3855099 | PA      | $3565966.33   | 0.20%             | 2031-01-31      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Numericable US LLC                        | NUMERICABLE US 05/15/31                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4145865 | PA      | $4216676.74   | 0.23%             | 2031-05-15      | Floating      | 10.55%                | No            |                  2 | On Loan: No      |
| BLOCK INC                                 | Block Inc                                                                       | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   2077000 | PA      | $2115108.80   | 0.12%             | 2030-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                   | Allied Universal Holdco LLC                                                     | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |   2675000 | PA      | $2816796.40   | 0.16%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ADVANCED DRAINAGE SYSTEM                  | Advanced Drainage Systems Inc                                                   | CUSIP: 00790RAB0<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |   3086000 | PA      | $3157064.41   | 0.18%             | 2030-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| STARLIGHT PAREN 03/13/32                  | STARLIGHT PAREN 03/13/32                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3936878 | PA      | $3661296.77   | 0.20%             | 2032-03-13      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                        | Osaic Holdings Inc                                                              | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1431136.00   | 0.08%             | 2033-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                  | Performance Food Group Inc                                                      | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   8398000 | PA      | $8635730.08   | 0.48%             | 2032-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                     | HUB International Ltd                                                           | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   8230000 | PA      | $8227790.25   | 0.46%             | 2029-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| IDERA INC Varia 03/02/29                  | IDERA INC Varia 03/02/29                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3876692 | PA      | $3394586.87   | 0.19%             | 2029-03-02      | Floating      | 10.75%                | No            |                  2 | On Loan: No      |
| ProAmpac PG Bor 09/15/28                  | ProAmpac PG Bor 09/15/28                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2115742 | PA      | $2120587.13   | 0.12%             | 2028-09-15      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| PROAMPAC PG BOR 09/15/28                  | PROAMPAC PG BOR 09/15/28                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1361067 | PA      | $1364184.19   | 0.08%             | 2028-09-15      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| PROAMPAC PG BOR 09/15/28                  | PROAMPAC PG BOR 09/15/28                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    827798 | PA      | $829693.95    | 0.05%             | 2028-09-15      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                    | EquipmentShare.com Inc                                                          | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2615737.50   | 0.15%             | 2028-05-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                             | Nordstrom Inc                                                                   | CUSIP: 655664AS9<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $993082.10    | 0.06%             | 2027-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                         | Newell Brands Inc                                                               | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   2670000 | PA      | $2616704.13   | 0.15%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                  | Sensata Technologies Inc                                                        | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    667000 | PA      | $626176.13    | 0.03%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                        | Osaic Holdings Inc                                                              | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |   3665000 | PA      | $3800865.95   | 0.21%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                   | United Rentals North America Inc                                                | CUSIP: 911365BQ6<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |  22026000 | PA      | $22587398.69  | 1.26%             | 2029-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MATTAMY GROUP CORP                        | Mattamy Group Corp                                                              | CUSIP: 57701RAQ5<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $4916418.50   | 0.27%             | 2033-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                            | Brink's Co/The                                                                  | CUSIP: 109696AD6<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |   9090000 | PA      | $9470271.06   | 0.53%             | 2032-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                             | Carnival Corp                                                                   | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   7180000 | PA      | $7383007.32   | 0.41%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS                   | Surgery Center Holdings Inc                                                     | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |  10166000 | PA      | $10247966.02  | 0.57%             | 2032-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                    | Venture Global LNG Inc                                                          | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   2357000 | PA      | $2412307.01   | 0.13%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                      | Alpha Generation LLC                                                            | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |   3096000 | PA      | $3211719.19   | 0.18%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                  | Snap Inc                                                                        | CUSIP: 83304AAM8<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |   9002000 | PA      | $9200985.97   | 0.51%             | 2034-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SPX FLOW INC                              | SPX FLOW Inc                                                                    | CUSIP: 758071AA2<br>LEI: 5493003YXEKRBINIEM78 | Long             | DBT              | CORP              | US        |   2705000 | PA      | $2780983.45   | 0.15%             | 2030-04-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                          | AmWINS Group Inc                                                                | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |   6283000 | PA      | $6202500.32   | 0.35%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CONCENTRA HEALTH SERVICE                  | Concentra Health Services Inc                                                   | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |    657000 | PA      | $688703.54    | 0.04%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                    | WESCO Distribution Inc                                                          | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   2050000 | PA      | $2135823.25   | 0.12%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                       | LBM Acquisition LLC                                                             | CUSIP: 52109SAB5<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |   2272000 | PA      | $2395526.37   | 0.13%             | 2031-06-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                  | Clarios Global LP / Clarios US Finance Co                                       | CUSIP: 18060TAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   3411000 | PA      | $3532653.32   | 0.20%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                  | Charles River Laboratories International Inc                                    | CUSIP: 159864AJ6<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |   4291000 | PA      | $4070564.46   | 0.23%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                            | Rocket Cos Inc                                                                  | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4556000 | PA      | $4732367.32   | 0.26%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| FILTRATION GROU 10/23/28                  | FILTRATION GROU 10/23/28                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4382452 | PA      | $4395708.98   | 0.24%             | 2028-10-23      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| XAI CORP 12.50% 06/17/30                  | XAI CORP 12.50% 06/17/30                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6740323 | PA      | $7318878.18   | 0.41%             | 2030-06-17      | Floating      | 12.50%                | No            |                  2 | On Loan: No      |
| GOTO GROUP INC                            | GoTo Group Inc                                                                  | CUSIP: 38349YAB1<br>LEI: 549300D12V5KRBV00592 | Long             | DBT              | CORP              | US        |   5632950 | PA      | $1929285.38   | 0.11%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY                            | Ryan Specialty LLC                                                              | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |   8152000 | PA      | $8291878.70   | 0.46%             | 2032-08-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                     | Quikrete Holdings Inc                                                           | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |  12509000 | PA      | $13002142.31  | 0.72%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN                  | Raven Acquisition Holdings LLC                                                  | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12727000 | PA      | $12770335.94  | 0.71%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                      | Taylor Morrison Communities Inc                                                 | CUSIP: 87724RAK8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |   1382000 | PA      | $1419224.17   | 0.08%             | 2032-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                 | IQVIA Inc                                                                       | CUSIP: 46266TAD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   5979000 | PA      | $6197861.30   | 0.34%             | 2030-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MAVIS TIRE EXPRESS SERVI                  | Mavis Tire Express Services Topco Corp                                          | CUSIP: 59155LAA0<br>LEI: 254900NVDM4GTLBL9E56 | Long             | DBT              | CORP              | US        |   5659000 | PA      | $5651741.20   | 0.31%             | 2029-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                    | Acrisure LLC / Acrisure Finance Inc                                             | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  19370000 | PA      | $20064348.64  | 1.12%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                  | Standard Building Solutions Inc                                                 | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   6557000 | PA      | $6765591.28   | 0.38%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                  | Clarios Global LP / Clarios US Finance Co                                       | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   3486000 | PA      | $3648677.68   | 0.20%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET                  | Smyrna Ready Mix Concrete LLC                                                   | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $8000137.50   | 0.45%             | 2031-11-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                          | AmWINS Group Inc                                                                | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |  10017000 | PA      | $10284524.02  | 0.57%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION 06/06/31                  | LBM ACQUISITION 06/06/31                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2367777 | PA      | $2370405.23   | 0.13%             | 2031-06-06      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN                   | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                           | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15311205.00  | 0.85%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Paysafe Holding 06/24/28                  | Paysafe Holding 06/24/28                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1006073 | PA      | $943193.74    | 0.05%             | 2028-06-24      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                     | Molina Healthcare Inc                                                           | CUSIP: 60855RAL4<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |   4739000 | PA      | $4268375.12   | 0.24%             | 2032-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                    | Acrisure LLC / Acrisure Finance Inc                                             | CUSIP: 004961AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4103728.00   | 0.23%             | 2032-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CAMELOT US ACQU 01/31/31                  | CAMELOT US ACQU 01/31/31                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6315647 | PA      | $5991970.55   | 0.33%             | 2031-01-31      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| WAND NEWCO 3 INC                          | Wand NewCo 3 Inc                                                                | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |   7625000 | PA      | $8021484.75   | 0.45%             | 2032-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                   | Arthur J Gallagher & Co                                                         | CUSIP: 04316JAE9<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6868224.30   | 0.38%             | 2053-03-02      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                       | Medline Borrower LP                                                             | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |  10253000 | PA      | $10277279.10  | 0.57%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALERA GROUP INT 06/30/33                  | ALERA GROUP INT 06/30/33                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  11488000 | PA      | $11734992.00  | 0.65%             | 2033-06-30      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                  | Service Properties Trust                                                        | CUSIP: 81761LAD4<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1265906.25   | 0.07%             | 2029-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| C&S WHOLESALE G 08/06/30                  | C&S WHOLESALE G 08/06/30                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1862983 | PA      | $1846682.11   | 0.10%             | 2030-08-06      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                     | Freedom Mortgage Holdings LLC                                                   | CUSIP: 35641AAB4<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5292590.00   | 0.29%             | 2031-05-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| FRONERI LUX FINCO SARL                    | Froneri Lux FinCo SARL                                                          | CUSIP: 35901MAA5<br>LEI: 9845005YBZ75E5AA3B94 | Long             | DBT              | CORP              | LU        |   9149000 | PA      | $9273482.39   | 0.52%             | 2032-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                   | Avis Budget Car Rental LLC / Avis Budget Finance Inc                            | CUSIP: 053773BJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5161000 | PA      | $5345402.53   | 0.30%             | 2030-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                     | Level 3 Financing Inc                                                           | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   4339000 | PA      | $4497872.49   | 0.25%             | 2034-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WEX INC                                   | WEX Inc                                                                         | CUSIP: 96208TAD6<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | DBT              | CORP              | US        |   1842000 | PA      | $1881197.76   | 0.10%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                        | Osaic Holdings Inc                                                              | CUSIP: 00791GAD9<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    912000 | PA      | $945210.52    | 0.05%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                     | HUB International Ltd                                                           | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   9750000 | PA      | $10219277.45  | 0.57%             | 2032-01-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MSILF Treasury Portfolio                  | MSILF Treasury Portfolio                                                        | CUSIP: 61747C582<br>LEI: 549300D1XR6GP7EZ0T47 | Long             | STIV             | RF                | US        |  20395061 | NS      | $20395061.34  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CSC HOLDINGS LLC                          | CSC Holdings LLC                                                                | CUSIP: 126307BH9<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |  18851000 | PA      | $11452891.12  | 0.64%             | 2031-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNDER ARMOUR INC                          | Under Armour Inc                                                                | CUSIP: 904311AD9<br>LEI: 549300D4549QKWETZ406 | Long             | DBT              | CORP              | US        |   1378000 | PA      | $1410759.19   | 0.08%             | 2030-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                            | NRG Energy Inc                                                                  | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1922000 | PA      | $1935650.04   | 0.11%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                      | Neptune Bidco US Inc                                                            | CUSIP: 640695AC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |   2763000 | PA      | $2923719.81   | 0.16%             | 2031-05-15      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                  | Standard Building Solutions Inc                                                 | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   4018000 | PA      | $4109035.83   | 0.23%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                  | Standard Building Solutions Inc                                                 | CUSIP: 853192AA0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   3474000 | PA      | $3472919.24   | 0.19%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                           | Fair Isaac Corp                                                                 | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   3502000 | PA      | $3570324.02   | 0.20%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                  | Vistra Operations Co LLC                                                        | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1359000 | PA      | $1438625.17   | 0.08%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CARPENTER TECHNOLOGY                      | Carpenter Technology Corp                                                       | CUSIP: 144285AN3<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |    692000 | PA      | $703086.53    | 0.04%             | 2034-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| X CORP TWTR TL 10/26/29                   | X CORP TWTR TL 10/26/29                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6447091 | PA      | $6446413.75   | 0.36%             | 2029-10-26      | Floating      | 10.45%                | No            |                  2 | On Loan: No      |
| ZIGGO BV                                  | Ziggo BV                                                                        | CUSIP: 98955DAA8<br>LEI: 213800TQASLF9JXH5J59 | Long             | DBT              | CORP              | NL        |   1428000 | PA      | $1349144.84   | 0.08%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                             | FirstCash Inc                                                                   | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $993260.70    | 0.06%             | 2028-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                   | Talen Energy Supply LLC                                                         | CUSIP: 87422VAM0<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2534825.00   | 0.14%             | 2034-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INT                  | Science Applications International Corp                                         | CUSIP: 808625AB3<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |    689000 | PA      | $694868.90    | 0.04%             | 2033-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                     | Molina Healthcare Inc                                                           | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15116025.00  | 0.84%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                  | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4657000 | PA      | $4792518.70   | 0.27%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC                         | Waste Pro USA Inc                                                               | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |   8590000 | PA      | $8846540.35   | 0.49%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                    | Venture Global LNG Inc                                                          | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5282059.62   | 0.29%             | N/A             | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                           | Madison IAQ LLC                                                                 | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |   5265000 | PA      | $5261770.45   | 0.29%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                     | Six Flags Entertainment Corp                                                    | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |   1852000 | PA      | $1829173.91   | 0.10%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| IDERA INC IDERA 03/02/28                  | IDERA INC IDERA 03/02/28                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1495044 | PA      | $1342175.34   | 0.07%             | 2028-03-02      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                  | Service Properties Trust                                                        | CUSIP: 81761LAE2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9933742.60   | 0.55%             | 2032-06-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                       | Avantor Funding Inc                                                             | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |   6815000 | PA      | $6766166.44   | 0.38%             | 2028-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                        | Osaic Holdings Inc                                                              | CUSIP: 00791GAE7<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    349000 | PA      | $362387.69    | 0.02%             | 2033-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                  | Warnermedia Holdings Inc                                                        | CUSIP: 55903VBU6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   9309000 | PA      | $6210299.21   | 0.35%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                     | Belron UK Finance PLC                                                           | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |   7100000 | PA      | $7238956.09   | 0.40%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BROADSTREET PARTNERS GRP                  | Broadstreet Partners Group LLC                                                  | CUSIP: 11135RAA3<br>LEI: 549300BS9N54G8DD0R75 | Long             | DBT              | CORP              | US        |   8120000 | PA      | $8106011.68   | 0.45%             | 2029-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KASEYA INC Vari 03/31/33                  | KASEYA INC Vari 03/31/33                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    329989 | PA      | $317614.54    | 0.02%             | 2033-03-31      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                           | Cemex SAB de CV                                                                 | CUSIP: 151290CC5<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |   1500000 | PA      | $1574625.00   | 0.09%             | N/A             | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                            | NRG Energy Inc                                                                  | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1922000 | PA      | $1942963.25   | 0.11%             | 2036-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GR 02/14/29                  | ATHENAHEALTH GR 02/14/29                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2977500 | PA      | $2944315.76   | 0.16%             | 2029-02-14      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                  | Charles River Laboratories International Inc                                    | CUSIP: 159864AG2<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $965403.30    | 0.05%             | 2029-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                   | Arthur J Gallagher & Co                                                         | CUSIP: 04316JAG4<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3328189.56   | 0.19%             | 2054-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                      | Neptune Bidco US Inc                                                            | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |   2073000 | PA      | $2130196.14   | 0.12%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| PAC Aviation International Inc            | PAC AVIATION IN 10/09/30                                                        | CUSIP: 69450PAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5700592 | PA      | $5654303.54   | 0.31%             | 2030-10-28      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| COTIVITI INC 7. 02/24/31                  | COTIVITI INC 7. 02/24/31                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8539697 | PA      | $7995334.44   | 0.44%             | 2031-05-01      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US                  | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC   | CUSIP: 44287DAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   1009000 | PA      | $1029197.15   | 0.06%             | 2032-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                         | Clean Harbors Inc                                                               | CUSIP: 184496AR8<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |   1376000 | PA      | $1406650.40   | 0.08%             | 2033-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                  | Albion Financing 1 SARL / Aggreko Holdings Inc                                  | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   8153000 | PA      | $8502576.18   | 0.47%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LogMeIn, Inc. ( 04/30/28                  | LogMeIn, Inc. ( 04/30/28                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6837442 | PA      | $5820372.43   | 0.32%             | 2028-04-30      | Floating      | 9.31%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                         | Herc Holdings Inc                                                               | CUSIP: 42704LAK0<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    347000 | PA      | $348952.92    | 0.02%             | 2034-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                  | RHP Hotel Properties LP / RHP Finance Corp                                      | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    688000 | PA      | $713498.66    | 0.04%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EZCORP INC                                | EZCORP Inc                                                                      | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |   1381000 | PA      | $1474594.51   | 0.08%             | 2032-04-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                  | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1331000 | PA      | $1379537.58   | 0.08%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GENESEE & WYOMING INC                     | Genesee & Wyoming Inc                                                           | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |   5234000 | PA      | $5394783.25   | 0.30%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                   | Talen Energy Supply LLC                                                         | CUSIP: 87422VAN8<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5128567.50   | 0.29%             | 2036-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                         | Post Holdings Inc                                                               | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   8647000 | PA      | $8720611.91   | 0.49%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                    | Acrisure LLC / Acrisure Finance Inc                                             | CUSIP: 00489LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2965080.00   | 0.16%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                  | Graphic Packaging International LLC                                             | CUSIP: 38869AAE7<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10124515.30  | 0.56%             | 2032-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                            | Bombardier Inc                                                                  | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   4137000 | PA      | $4350642.95   | 0.24%             | 2033-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VERIFONE SYSTEM 08/20/28                  | VERIFONE SYSTEM 08/20/28                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2747345 | PA      | $2548162.40   | 0.14%             | 2028-08-20      | Floating      | 9.18%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                          | Boyd Gaming Corp                                                                | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |   6062000 | PA      | $5909378.97   | 0.33%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                    | SCIH Salt Holdings Inc                                                          | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1373000 | PA      | $1370331.85   | 0.08%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WH BORROWER LLC 02/17/32                  | WH BORROWER LLC 02/17/32                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4226027 | PA      | $4241874.88   | 0.24%             | 2032-02-17      | Floating      | 8.39%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                    | Cloud Software Group Inc                                                        | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   3299000 | PA      | $3281787.63   | 0.18%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-25

**Name of Applicant:** First Trust Exchange-Traded Fund IV

**Signature:** Derek Maltbie

**Name of Signer:** Derek Maltbie

**Title:** Treasurer, Chief Financial Officer and Chief Accounting Officer