# EDGAR Filing Document

**Accession Number:** 0000277751
**File Stem:** 0001193125-25-301806
**Filing Date:** 2025-11
**Character Count:** 134970
**Document Hash:** 40ddda2ff1dce239bd26c94ab47440e6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-301806.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0001193125-25-301806

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JANUS INVESTMENT FUND
- **CENTRAL INDEX KEY:** 0000277751

**ORGANIZATION NAME:**
- **EIN:** 840592523
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01879
- **FILM NUMBER:** 251534212

**BUSINESS ADDRESS:**
- **STREET 1:** 151 DETROIT STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206
- **BUSINESS PHONE:** 303-333-3863

**MAIL ADDRESS:**
- **STREET 1:** 151 DETROIT STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JANUS FUND /MD/
- **DATE OF NAME CHANGE:** 19870701

## Series and Classes Contracts Data

### Janus Henderson High-Yield Fund (Series ID: S000010468)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000028924 | Class T      | JAHYX           |
| C000077664 | Class A      | JHYAX           |
| C000077665 | Class C      | JDHCX           |
| C000077666 | Class I      | JHYFX           |
| C000077667 | Class R      | JHYRX           |
| C000077668 | Class S      | JDHYX           |
| C000083516 | Class D      | JNHYX           |
| C000114871 | Class N      | JHYNX           |

## Nport-Ex

**Janus Henderson High-Yield Fund**

**Schedule of Investments (unaudited)**

**September 30, 2025**

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

---

| | | | |
|:---|:---|:---|:---|
|  | *Shares or* <br>*Principal Amounts*<br>|  | *Value* |
| Bank Loans and Mezzanine Loans – 6.1% |  |  |  |
| Basic Industry – 0.1% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Olympus Water US Holding Corp, CME Term SOFR 1 Month + 3.2500%, <br> 7.5931%, 7/23/32<sup>ƒ</sup><sup>,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; $997000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $988815 |
| Brokerage – 0.2% |  |  |  |
| &nbsp;&nbsp;&nbsp; Osaic Holdings Inc, CME Term SOFR 1 Month + 3.0000%, 7.1634%, 7/30/32<sup>‡</sup> <br>| &nbsp;&nbsp; 1519000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1517876 |
| Capital Goods – 0.5% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proampac PG Borrower LLC, CME Term SOFR 3 Month + 4.0000%, 8.3176%, <br> 9/15/28<sup>‡</sup> <br>| &nbsp;&nbsp; 1458935 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1462218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; White Cap Buyer LLC, CME Term SOFR 1 Month + 3.2500%, 7.4155%, <br> 10/19/29<sup>‡</sup> <br>| &nbsp;&nbsp; 2249852 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2249379 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3711597 |
| Communications – 0.6% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Windstream Services LLC, CME Term SOFR 1 Month + 4.0000%, 8.1358%, <br> 9/25/32<sup>ƒ</sup><sup>,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2150000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2128500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zayo Group Holdings Inc, CME Term SOFR 1 Month + 4.1750%, 8.4910%, <br> 3/9/27<sup>‡</sup> <br>| &nbsp;&nbsp; 1939974 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1936502 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4065002 |
| Consumer Cyclical – 1.5% |  |  |  |
| &nbsp;&nbsp;&nbsp; Atlas LuxCo 4 Sarl, EURIBOR 1 Month + 3.7500%, 5.6630%, 8/20/32<sup>‡</sup> <br>| &nbsp;&nbsp; 1220000 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1435225 |
| &nbsp;&nbsp;&nbsp; Gloves Buyer Inc, CME Term SOFR 1 Month + 4.0000%, 8.1634%, 5/21/32<sup>‡</sup> <br>| &nbsp;&nbsp; 2821000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2733549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ovg Business Services LLC, CME Term SOFR 1 Month + 3.0000%, 7.1634%, <br> 6/25/31<sup>‡</sup> <br>| &nbsp;&nbsp; 1332000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1328670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; River Rock Entertainment Authority, CME Term SOFR 1 Month + 9.0000%, <br> 13.3211%, 6/25/31<sup>ƒ</sup><sup>,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 5050000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4923750 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 10421194 |
| Consumer Non-Cyclical – 1.1% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dermatology Intermediate Holdings III Inc, CME Term SOFR 3 Month + 4.2500%, <br> 8.5579%, 3/30/29<sup>‡</sup> <br>| &nbsp;&nbsp; 2663931 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2505054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Heartland Dental LLC, CME Term SOFR 1 Month + 3.7500%, 7.9134%, <br> 8/25/32<sup>‡</sup> <br>| &nbsp;&nbsp; 4908628 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4897633 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7402687 |
| Electric – 0.4% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long Ridge Energy LLC, CME Term SOFR 3 Month + 4.5000%, 8.5015%, <br> 2/19/32<sup>‡</sup> <br>| &nbsp;&nbsp; 2597490 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2536605 |
| Financial Institutions – 0.2% |  |  |  |
| &nbsp;&nbsp;&nbsp; Mermaid Bidco Inc, CME Term SOFR 3 Month + 3.2500%, 7.5721%, 7/3/31<sup>‡</sup> <br>| &nbsp;&nbsp; 1423406 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1420146 |
| Technology – 1.5% |  |  |  |
| &nbsp;&nbsp;&nbsp; Modena Buyer LLC, CME Term SOFR 3 Month + 4.5000%, 8.8079%, 7/1/31<sup>‡</sup> <br>| &nbsp;&nbsp; 5508634 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5433881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Project Alpha Intermediate Holdings Inc, CME Term SOFR 3 Month + 3.2500%, <br> 7.5456%, 10/28/30<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1135 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1138 |
| &nbsp;&nbsp;&nbsp; X Corp, 9.5000%, 10/26/29 | &nbsp;&nbsp; 4816000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4827366 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 10262385 |
| Total Bank Loans and Mezzanine Loans (cost $42,374,742) |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 42326307 |
| Corporate Bonds – 87.4% |  |  |  |
| Banking – 0.2% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ally Financial Inc, US Treasury Yield Curve Rate 5 Year + 2.4500%, 6.6460%, <br> 1/17/40<sup>‡</sup> <br>| &nbsp;&nbsp; 1430000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1429508 |
| Basic Industry – 7.2% |  |  |  |
| &nbsp;&nbsp;&nbsp; Capstone Copper Corp, 6.7500%, 3/31/33<sup>ž</sup> <br>| &nbsp;&nbsp; 7295000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7514062 |
| &nbsp;&nbsp;&nbsp; Compass Minerals International Inc, 8.0000%, 7/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 6602000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6900258 |
| &nbsp;&nbsp;&nbsp; First Quantum Minerals Ltd, 8.0000%, 3/1/33<sup>ž</sup> <br>| &nbsp;&nbsp; 8916000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9414020 |
| &nbsp;&nbsp;&nbsp; First Quantum Minerals Ltd, 7.2500%, 2/15/34<sup>ž</sup> <br>| &nbsp;&nbsp; 3037000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3140115 |
| &nbsp;&nbsp;&nbsp; Maxam Prill Sarl, 7.7500%, 7/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 6977000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7023633 |
| &nbsp;&nbsp;&nbsp; Olympus Water US Holding Corp, 7.2500%, 6/15/31<sup>ž</sup> <br>| &nbsp;&nbsp; 2876000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2915617 |
| &nbsp;&nbsp;&nbsp; Taseko Mines Ltd, 8.2500%, 5/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 5027000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5324317 |
| &nbsp;&nbsp;&nbsp; Verde Purchaser LLC, 10.5000%, 11/30/30<sup>ž</sup> <br>| &nbsp;&nbsp; 7354000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7892518 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 50124540 |
| Biotechnology – 0.3% |  |  |  |
| &nbsp;&nbsp;&nbsp; Travere Therapeutics Inc, 2.2500%, 3/1/29 | &nbsp;&nbsp; 1958000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2207489 |
| Brokerage – 4.1% |  |  |  |
| &nbsp;&nbsp;&nbsp; Artec Group Inc, 10.0000%, 8/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 3230000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3519095 |
| &nbsp;&nbsp;&nbsp; Jane Street Group / JSG Finance Inc, 7.1250%, 4/30/31<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 925000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 970225 |
| &nbsp;&nbsp;&nbsp; Jane Street Group / JSG Finance Inc, 6.1250%, 11/1/32<sup>ž</sup> <br>| 10093000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 10229853 |
| &nbsp;&nbsp;&nbsp; Jane Street Group / JSG Finance Inc, 6.7500%, 5/1/33<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 728000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 756126 |
| &nbsp;&nbsp;&nbsp; Osaic Holdings Inc, 6.7500%, 8/1/32<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 818000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 844860 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Corporate Bonds – (continued) |  |  |
| Brokerage – (continued) |  |  |
| &nbsp;&nbsp;&nbsp; Osaic Holdings Inc, 8.0000%, 8/1/33<sup>ž</sup> <br>| &nbsp;&nbsp; $799000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $828081 |
| &nbsp;&nbsp;&nbsp; Stonex Escrow Issuer LLC, 6.8750%, 7/15/32<sup>ž</sup> <br>| &nbsp;&nbsp; 4388000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4516640 |
| &nbsp;&nbsp;&nbsp; StoneX Group Inc, 7.8750%, 3/1/31<sup>ž</sup> <br>| &nbsp;&nbsp; 6905000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7261353 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 28926233 |
| Capital Goods – 4.5% |  |  |
| &nbsp;&nbsp;&nbsp; Ardagh Metal Packaging SA, 4.0000%, 9/1/29<sup>ž</sup> <br>| &nbsp;&nbsp; 5129000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4746975 |
| &nbsp;&nbsp;&nbsp; Bombardier Inc, 7.4500%, 5/1/34<sup>ž</sup> <br>| &nbsp;&nbsp; 5341000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5899012 |
| &nbsp;&nbsp;&nbsp; CP Atlas Buyer Inc, 9.7500%, 7/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 2341000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2451729 |
| &nbsp;&nbsp;&nbsp; Foundation Building Materials Inc, 6.0000%, 3/1/29<sup>ž,#</sup> <br>| &nbsp;&nbsp; 5680000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5757312 |
| &nbsp;&nbsp;&nbsp; Herc Holdings In, 7.0000%, 6/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 3003000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3119294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Husky Injection Molding Systems Ltd / Titan Co-Borrower LLC, 9.0000%, <br> 2/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 2222000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2322414 |
| &nbsp;&nbsp;&nbsp; Quikrete Holdings Inc, 6.7500%, 3/1/33<sup>ž</sup> <br>| &nbsp;&nbsp; 4558000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4738924 |
| &nbsp;&nbsp;&nbsp; Wilsonart LLC, 11.0000%, 8/15/32<sup>ž</sup> <br>| &nbsp;&nbsp; 2637000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2566984 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 31602644 |
| Communications – 7.8% |  |  |
| &nbsp;&nbsp;&nbsp; Altice France SA, 5.5000%, 10/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 3660000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3165667 |
| &nbsp;&nbsp;&nbsp; AMC Networks Inc, 10.5000%, 7/15/32<sup>ž</sup> <br>| &nbsp;&nbsp; 6251000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6610026 |
| &nbsp;&nbsp;&nbsp; Gray Media Inc, 7.2500%, 8/15/33<sup>ž</sup> <br>| &nbsp;&nbsp; 3787000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3752738 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing Inc, 3.7500%, 7/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 2399000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2044975 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing Inc, 6.8750%, 6/30/33<sup>ž</sup> <br>| &nbsp;&nbsp; 4255101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4336714 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing Inc, 7.0000%, 3/31/34<sup>ž</sup> <br>| &nbsp;&nbsp; 5819775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5920510 |
| &nbsp;&nbsp;&nbsp; Lions Gate Capital Holdings 1 Inc, 6.0000%, 4/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 6659000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6314996 |
| &nbsp;&nbsp;&nbsp; McGraw-Hill Education Inc, 8.0000%, 8/1/29<sup>ž</sup> <br>| &nbsp;&nbsp; 3725000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3793611 |
| &nbsp;&nbsp;&nbsp; McGraw-Hill Education Inc, 7.3750%, 9/1/31<sup>ž</sup> <br>| &nbsp;&nbsp; 1661000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1725694 |
| &nbsp;&nbsp;&nbsp; Midcontinent Communications, 8.0000%, 8/15/32<sup>ž</sup> <br>| &nbsp;&nbsp; 3173000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3269151 |
| &nbsp;&nbsp;&nbsp; Univision Communications Inc, 8.5000%, 7/31/31<sup>ž</sup> <br>| &nbsp;&nbsp; 4801000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4957714 |
| &nbsp;&nbsp;&nbsp; Univision Communications Inc, 9.3750%, 8/1/32<sup>ž</sup> <br>| &nbsp;&nbsp; 3851000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4103884 |
| &nbsp;&nbsp;&nbsp; Vmed O2 UK Financing I PLC, 4.7500%, 7/15/31<sup>ž</sup> <br>| &nbsp;&nbsp; 1566000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1473992 |
| &nbsp;&nbsp;&nbsp; Vmed O2 UK Financing I PLC, 7.7500%, 4/15/32<sup>ž</sup> <br>| &nbsp;&nbsp; 3133000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3291649 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 54761321 |
| Consumer Cyclical – 23.2% |  |  |
| &nbsp;&nbsp;&nbsp; American Axle & Manufacturing Inc, 6.3750%, 10/15/32<sup>ž</sup> <br>| &nbsp;&nbsp; 2244000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2240211 |
| &nbsp;&nbsp;&nbsp; Aston Martin Capital Holdings Ltd, 10.0000%, 3/31/29<sup>ž</sup> <br>| &nbsp;&nbsp; 3597000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3521664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atlas LuxCo 4 Sarl / Allied Universal Holdco LLC / Allied Universal Finance Corp, <br> 4.6250%, 6/1/28<sup>ž</sup> <br>| &nbsp;&nbsp; 5206000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5104811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atlas LuxCo 4 Sarl / Allied Universal Holdco LLC / Allied Universal Finance Corp, <br> 4.6250%, 6/1/28<sup>ž</sup> <br>| &nbsp;&nbsp; 1108000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1086026 |
| &nbsp;&nbsp;&nbsp; Bath & Body Works Inc, 6.9500%, 3/1/33 | &nbsp;&nbsp; 3784000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3950757 |
| &nbsp;&nbsp;&nbsp; Beazer Homes USA Inc, 7.5000%, 3/15/31<sup>ž</sup> <br>| &nbsp;&nbsp; 6285000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6368741 |
| &nbsp;&nbsp;&nbsp; Caesars Entertainment Inc, 6.0000%, 10/15/32<sup>ž,#</sup> <br>| &nbsp;&nbsp; 7068000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6961696 |
| &nbsp;&nbsp;&nbsp; Carvana Co, 5.8750%, 10/1/28<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92863 |
| &nbsp;&nbsp;&nbsp; Carvana Co, 4.8750%, 9/1/29<sup>ž</sup> <br>| &nbsp;&nbsp; 2545000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2344581 |
| &nbsp;&nbsp;&nbsp; Carvana Co, 10.2500%, 5/1/30<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 961000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1042685 |
| &nbsp;&nbsp;&nbsp; Carvana Co, 9.0000%, 6/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 4872088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5097540 |
| &nbsp;&nbsp;&nbsp; Century Communities Inc, 6.6250%, 9/15/33<sup>ž</sup> <br>| &nbsp;&nbsp; 2688000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2711545 |
| &nbsp;&nbsp;&nbsp; Crocs Inc, 4.1250%, 8/15/31<sup>ž,#</sup> <br>| &nbsp;&nbsp; 3749000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3434637 |
| &nbsp;&nbsp;&nbsp; Ford Motor Credit Co LLC, 6.5000%, 2/7/35<sup>#</sup> <br>| &nbsp;&nbsp; 2672000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2745093 |
| &nbsp;&nbsp;&nbsp; Full House Resorts Inc, 8.2500%, 2/15/28<sup>ž,#</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 745000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 691400 |
| &nbsp;&nbsp;&nbsp; Garda World Security Corp, 6.0000%, 6/1/29<sup>ž</sup> <br>| 11356000 | &nbsp;&nbsp;&nbsp;&nbsp; 11258611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower <br> Esc, 4.8750%, 7/1/31<sup>ž</sup> <br>| &nbsp;&nbsp; 3339000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3116092 |
| &nbsp;&nbsp;&nbsp; JB Poindexter & Co Inc, 8.7500%, 12/15/31<sup>ž</sup> <br>| &nbsp;&nbsp; 1174000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1229592 |
| &nbsp;&nbsp;&nbsp; K Hovnanian Enterprises Inc, 8.0000%, 4/1/31<sup>ž,#</sup> <br>| &nbsp;&nbsp; 2220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2276462 |
| &nbsp;&nbsp;&nbsp; K Hovnanian Enterprises Inc, 8.3750%, 10/1/33<sup>ž</sup> <br>| &nbsp;&nbsp; 1199000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1229277 |
| &nbsp;&nbsp;&nbsp; Kohl's Corp, 10.0000%, 6/1/30<sup>ž,#</sup> <br>| &nbsp;&nbsp; 2694000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2929283 |
| &nbsp;&nbsp;&nbsp; LGI Homes Inc, 4.0000%, 7/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 7360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6715778 |
| &nbsp;&nbsp;&nbsp; LGI Homes Inc, 7.0000%, 11/15/32<sup>ž</sup> <br>| &nbsp;&nbsp; 2750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2685169 |
| &nbsp;&nbsp;&nbsp; Millrose Properties Inc, 6.3750%, 8/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 6876000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6992823 |
| &nbsp;&nbsp;&nbsp; Millrose Properties Inc, 6.2500%, 9/15/32<sup>ž</sup> <br>| &nbsp;&nbsp; 1731000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1735524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC, <br> 8.2500%, 4/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 6863000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7130932 |
| &nbsp;&nbsp;&nbsp; NCL Corporation Ltd, 6.2500%, 9/15/33<sup>ž</sup> <br>| &nbsp;&nbsp; 2168000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2179221 |
| &nbsp;&nbsp;&nbsp; New Flyer Holdings Inc, 9.2500%, 7/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 4358000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4664665 |
| &nbsp;&nbsp;&nbsp; New Home Company Inc/The, 9.2500%, 10/1/29<sup>ž</sup> <br>| &nbsp;&nbsp; 3475000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3648868 |
| &nbsp;&nbsp;&nbsp; New Home Company Inc/The, 8.5000%, 11/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 4292000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4455358 |
| &nbsp;&nbsp;&nbsp; Penn Entertainment Inc, 4.1250%, 7/1/29<sup>ž,#</sup> <br>| &nbsp;&nbsp; 7321000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6862095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rivers Enterprise Lender LLC / Rivers Enterprise Lender Corp, 6.2500%, <br> 10/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 4646000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4687426 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Corporate Bonds – (continued) |  |  |
| Consumer Cyclical – (continued) |  |  |
| &nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp, 7.2500%, 5/15/31<sup>ž,#</sup> <br>| $5578000 | &nbsp;&nbsp;&nbsp;&nbsp; $5580209 |
| &nbsp;&nbsp;&nbsp; Station Casinos LLC, 4.6250%, 12/1/31<sup>ž</sup> <br>| &nbsp;&nbsp; 9354000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8823768 |
| &nbsp;&nbsp;&nbsp; Victra Holdings LLC / Victra Finance Corp, 8.7500%, 9/15/29<sup>ž,#</sup> <br>| &nbsp;&nbsp; 7457000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7817717 |
| &nbsp;&nbsp;&nbsp; Voyager Parent LLC, 9.2500%, 7/1/32<sup>ž</sup> <br>| &nbsp;&nbsp; 6627000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7007987 |
| &nbsp;&nbsp;&nbsp; Weekley Homes LLC / Weekly Finance Corp, 4.8750%, 9/15/28<sup>ž</sup> <br>| &nbsp;&nbsp; 4970000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4866209 |
| &nbsp;&nbsp;&nbsp; Wynn Macau Ltd, 6.7500%, 2/15/34<sup>ž</sup> <br>| &nbsp;&nbsp; 6891000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6985798 |
|  |  | &nbsp;&nbsp; 162273114 |
| Consumer Non-Cyclical – 6.6% |  |  |
| &nbsp;&nbsp;&nbsp; 1261229 BC Ltd, 10.0000%, 4/15/32<sup>ž</sup> <br>| &nbsp;&nbsp; 3242000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3323219 |
| &nbsp;&nbsp;&nbsp; AMN Healthcare Inc, 6.5000%, 1/15/31<sup>ž</sup> <br>| &nbsp;&nbsp; 2754000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2762510 |
| &nbsp;&nbsp;&nbsp; HLF Financing Sarl LLC / Herbalife International Inc, 12.2500%, 4/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 7864000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8530859 |
| &nbsp;&nbsp;&nbsp; LifePoint Health Inc, 5.3750%, 1/15/29<sup>ž,#</sup> <br>| &nbsp;&nbsp; 3357000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3197543 |
| &nbsp;&nbsp;&nbsp; LifePoint Health Inc, 11.0000%, 10/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 1922000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2118346 |
| &nbsp;&nbsp;&nbsp; LifePoint Health Inc, 10.0000%, 6/1/32<sup>ž</sup> <br>| &nbsp;&nbsp; 9545000 | &nbsp;&nbsp;&nbsp;&nbsp; 10021859 |
| &nbsp;&nbsp;&nbsp; Organon & Co / Organon Foreign Debt Co-Issuer BV, 6.7500%, 5/15/34<sup>ž</sup> <br>| &nbsp;&nbsp; 3029000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2904467 |
| &nbsp;&nbsp;&nbsp; Organon Finance 1 LLC, 5.1250%, 4/30/31<sup>ž,#</sup> <br>| &nbsp;&nbsp; 3537000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3098585 |
| &nbsp;&nbsp;&nbsp; Star Parent Inc, 9.0000%, 10/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 9577000 | &nbsp;&nbsp;&nbsp;&nbsp; 10124737 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 46082125 |
| Electric – 2.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Algonquin Power & Utilities Corp, US Treasury Yield Curve Rate 5 Year + <br> 3.2490%, 4.7500%, 1/18/82<sup>‡</sup> <br>| &nbsp;&nbsp; 2697000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2631597 |
| &nbsp;&nbsp;&nbsp; Alpha Generation LLC, 6.7500%, 10/15/32<sup>ž</sup> <br>| &nbsp;&nbsp; 2126000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2194650 |
| &nbsp;&nbsp;&nbsp; Long Ridge Energy LLC, 8.7500%, 2/15/32<sup>ž</sup> <br>| &nbsp;&nbsp; 5615000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5771704 |
| &nbsp;&nbsp;&nbsp; TerraForm Power Operating LLC, 4.7500%, 1/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 5290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5112843 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 15710794 |
| Energy – 9.5% |  |  |
| &nbsp;&nbsp;&nbsp; Civitas Resources Inc, 8.3750%, 7/1/28<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 533000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 552480 |
| &nbsp;&nbsp;&nbsp; Civitas Resources Inc, 8.7500%, 7/1/31<sup>ž</sup> <br>| &nbsp;&nbsp; 3134000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3210817 |
| &nbsp;&nbsp;&nbsp; Howard Midstream Energy Partners LLC, 6.6250%, 1/15/34<sup>ž</sup> <br>| &nbsp;&nbsp; 9609000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9797100 |
| &nbsp;&nbsp;&nbsp; ITT Holdings LLC, 6.5000%, 8/1/29<sup>ž</sup> <br>| &nbsp;&nbsp; 5693000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5596985 |
| &nbsp;&nbsp;&nbsp; SM Energy Co, 7.0000%, 8/1/32<sup>ž,#</sup> <br>| &nbsp;&nbsp; 1524000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1525175 |
| &nbsp;&nbsp;&nbsp; Sunoco LP, US Treasury Yield Curve Rate 5 Year + 4.2300%, 7.8750%<sup>ž,</sup><sup>‡</sup><sup>,μ</sup> <br>| 15400000 | &nbsp;&nbsp;&nbsp;&nbsp; 15641934 |
| &nbsp;&nbsp;&nbsp; Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp, 6.0000%, 9/1/31<sup>ž</sup> <br>| &nbsp;&nbsp; 3571000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3493946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp, 6.7500%, <br> 3/15/34<sup>ž</sup> <br>| 13609000 | &nbsp;&nbsp;&nbsp;&nbsp; 13472412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USA Compression Partners LP / USA Compression Finance Corp, 6.2500%, <br> 10/1/33<sup>ž</sup> <br>| &nbsp;&nbsp; 5698000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5719796 |
| &nbsp;&nbsp;&nbsp; Venture Global LNG Inc, 8.3750%, 6/1/31<sup>ž</sup> <br>| &nbsp;&nbsp; 3919000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4114834 |
| &nbsp;&nbsp;&nbsp; WBI Operating LLC, 6.2500%, 10/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 2974000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2974000 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 66099479 |
| Finance Companies – 3.4% |  |  |
| &nbsp;&nbsp;&nbsp; FirstCash Inc, 5.6250%, 1/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 1136000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1134353 |
| &nbsp;&nbsp;&nbsp; FirstCash Inc, 6.8750%, 3/1/32<sup>ž</sup> <br>| &nbsp;&nbsp; 1410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1457387 |
| &nbsp;&nbsp;&nbsp; OneMain Finance Corp, 4.0000%, 9/15/30<sup>#</sup> <br>| &nbsp;&nbsp; 3984000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3703352 |
| &nbsp;&nbsp;&nbsp; OneMain Finance Corp, 6.7500%, 3/15/32 | &nbsp;&nbsp; 3280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3340749 |
| &nbsp;&nbsp;&nbsp; OneMain Finance Corp, 7.1250%, 9/15/32 | &nbsp;&nbsp; 4573000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4724082 |
| &nbsp;&nbsp;&nbsp; PennyMac Financial Services Inc, 6.8750%, 2/15/33<sup>ž</sup> <br>| &nbsp;&nbsp; 2718000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2807985 |
| &nbsp;&nbsp;&nbsp; PennyMac Financial Services Inc, 6.7500%, 2/15/34<sup>ž</sup> <br>| &nbsp;&nbsp; 6203000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6327593 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 23495501 |
| Financial Institutions – 0.9% |  |  |
| &nbsp;&nbsp;&nbsp; Burford Capital Global Finance LLC, 6.8750%, 4/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 4005000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4026060 |
| &nbsp;&nbsp;&nbsp; Burford Capital Global Finance LLC, 7.5000%, 7/15/33<sup>ž</sup> <br>| &nbsp;&nbsp; 1933000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1967021 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5993081 |
| Government Sponsored – 0.6% |  |  |
| &nbsp;&nbsp;&nbsp; Ecopetrol SA, 8.3750%, 1/19/36 | &nbsp;&nbsp; 2305000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2380565 |
| &nbsp;&nbsp;&nbsp; Uzbekneftegaz, 8.7500%, 5/7/30<sup>ž</sup> <br>| &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2137455 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4518020 |
| Insurance – 1.0% |  |  |
| &nbsp;&nbsp;&nbsp; Broadstreet Partners Inc, 5.8750%, 4/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 6793000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6773215 |
| Real Estate Investment Trusts (REITs) – 0.8% |  |  |
| &nbsp;&nbsp;&nbsp; Rithm Capital Corp, 8.0000%, 4/1/29<sup>ž</sup> <br>| &nbsp;&nbsp; 5551000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5681793 |
| Software – 0.3% |  |  |
| &nbsp;&nbsp;&nbsp; TeraWulf Inc, 1.0000%, 9/1/31<sup>ž</sup> <br>| &nbsp;&nbsp; 2042000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2429980 |
| Technology – 8.3% |  |  |
| &nbsp;&nbsp;&nbsp; Cloud Software Group Inc, 9.0000%, 9/30/29<sup>ž</sup> <br>| &nbsp;&nbsp; 7138000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7403579 |
| &nbsp;&nbsp;&nbsp; Cloud Software Group Inc, 8.2500%, 6/30/32<sup>ž</sup> <br>| &nbsp;&nbsp; 8188000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8685449 |
| &nbsp;&nbsp;&nbsp; CoreWeave Inc, 9.2500%, 6/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 8328000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8601108 |
| &nbsp;&nbsp;&nbsp; CoreWeave Inc, 9.0000%, 2/1/31<sup>ž</sup> <br>| &nbsp;&nbsp; 2598000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2662636 |
| &nbsp;&nbsp;&nbsp; ION Platform Finance US Inc, 7.8750%, 9/30/32<sup>ž</sup> <br>| &nbsp;&nbsp; 3323000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3301168 |

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| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Corporate Bonds – (continued) |  |  |
| Technology – (continued) |  |  |
| &nbsp;&nbsp;&nbsp; Kioxia Holdings Corp, 6.2500%, 7/24/30<sup>ž</sup> <br>| &nbsp;&nbsp; $243000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $247861 |
| &nbsp;&nbsp;&nbsp; Kioxia Holdings Corp, 6.6250%, 7/24/33<sup>ž</sup> <br>| &nbsp;&nbsp; 8837000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9084701 |
| &nbsp;&nbsp;&nbsp; McAfee Corp, 7.3750%, 2/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 5706000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5292837 |
| &nbsp;&nbsp;&nbsp; Rocket Software Inc, 9.0000%, 11/28/28<sup>ž</sup> <br>| &nbsp;&nbsp; 3237000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3336771 |
| &nbsp;&nbsp;&nbsp; Rocket Software Inc, 6.5000%, 2/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 7272000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7081760 |
| &nbsp;&nbsp;&nbsp; Seagate Data Storage Technology Pte Ltd, 3.1250%, 7/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 2349000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2034560 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 57732430 |
| Transportation – 6.5% |  |  |
| &nbsp;&nbsp;&nbsp; American Airlines Inc, 7.2500%, 2/15/28<sup>ž,#</sup> <br>| &nbsp;&nbsp; 3457000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3541541 |
| &nbsp;&nbsp;&nbsp; American Airlines Inc, 8.5000%, 5/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 6656000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6943226 |
| &nbsp;&nbsp;&nbsp; Beacon Mobility Corp, 7.2500%, 8/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 4468000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4645197 |
| &nbsp;&nbsp;&nbsp; LATAM Airlines Group SA, 7.8750%, 4/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 8252000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8585793 |
| &nbsp;&nbsp;&nbsp; Rand Parent LLC, 8.5000%, 2/15/30<sup>ž,#</sup> <br>| &nbsp;&nbsp; 7065000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7340994 |
| &nbsp;&nbsp;&nbsp; Stonepeak Nile Parent LLC, 7.2500%, 3/15/32<sup>ž</sup> <br>| &nbsp;&nbsp; 7188000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7569194 |
| &nbsp;&nbsp;&nbsp; Watco Cos LLC / Watco Finance Corp, 7.1250%, 8/1/32<sup>ž</sup> <br>| &nbsp;&nbsp; 6683000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6917374 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 45543319 |
| Total Corporate Bonds (cost $595,344,341) |  | &nbsp;&nbsp; 611384586 |
| Convertible Corporate Bonds – 0.3% |  |  |
| Advertising – 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Authentic Brands Group LLC, 2.7500% (2.75% PIK), 9/1/29<sup>Ç</sup><sup>,Ø,</sup><sup>¢</sup> (cost <br> $2,260,084)<br>| &nbsp;&nbsp; 2260084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2260084 |
| Foreign Government Bonds – 0.6% |  |  |
| &nbsp;&nbsp;&nbsp; Commonwealth of the Bahamas Bond, 8.2500%, 6/24/36<sup>ž</sup> <br>| &nbsp;&nbsp; 1986000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2144006 |
| &nbsp;&nbsp;&nbsp; Republic of Cote d'Ivoire Government Bond, 8.0750%, 4/1/36<sup>ž</sup> <br>| &nbsp;&nbsp; 1789000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1850363 |
| Total Foreign Government Bonds (cost $3,751,631) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3994369 |
| Common Stocks – 2.1% |  |  |
| Building Products – 0.1% |  |  |
| &nbsp;&nbsp;&nbsp; Carlisle Cos Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 592786 |
| Diversified Consumer Services – 0.2% |  |  |
| &nbsp;&nbsp;&nbsp; McGraw Hill Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 136164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1708858 |
| Diversified Telecommunication Services – 0.1% |  |  |
| &nbsp;&nbsp;&nbsp; Lumen Technologies Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 123453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 755532 |
| Hotels, Restaurants & Leisure – 0.5% |  |  |
| &nbsp;&nbsp;&nbsp; Churchill Downs Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1567585 |
| &nbsp;&nbsp;&nbsp; Cirsa Enterprises SA<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1749483 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3317068 |
| Household Durables – 0.4% |  |  |
| &nbsp;&nbsp;&nbsp; Lennar Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2182887 |
| &nbsp;&nbsp;&nbsp; LGI Homes Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 588925 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2771812 |
| Information Technology Services – 0.2% |  |  |
| &nbsp;&nbsp;&nbsp; CoreWeave Inc - Class A<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1748533 |
| Media – 0.4% |  |  |
| &nbsp;&nbsp;&nbsp; Nexstar Media Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2678388 |
| Pharmaceuticals – 0.2% |  |  |
| &nbsp;&nbsp;&nbsp; Organon & Co | &nbsp;&nbsp;&nbsp;&nbsp; 125565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1341034 |
| Total Common Stocks (cost $15,044,073) |  | &nbsp;&nbsp;&nbsp;&nbsp; 14914011 |
| Investment Companies – 3.8% |  |  |
| Money Markets – 3.8% |  |  |
| &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº,</sup><sup>£</sup> (cost $26,304,324) | 26299065 | &nbsp;&nbsp;&nbsp;&nbsp; 26304324 |
| Investments Purchased with Cash Collateral from Securities Lending – 3.8% |  |  |
| Investment Companies – 3.1% |  |  |
| &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº,</sup><sup>£</sup> <br>| 21505532 | &nbsp;&nbsp;&nbsp;&nbsp; 21505532 |
| Time Deposits – 0.7% |  |  |
| &nbsp;&nbsp;&nbsp; Royal Bank of Canada, 4.0800%, 10/1/25 | $5376383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5376383 |
| Total Investments Purchased with Cash Collateral from Securities Lending (cost $26,881,915) | Total Investments Purchased with Cash Collateral from Securities Lending (cost $26,881,915) | &nbsp;&nbsp;&nbsp;&nbsp; 26881915 |
| Total Investments (total cost $711,961,110) – 104.1% |  | &nbsp;&nbsp; 728065596 |
| Liabilities, net of Cash, Receivables and Other Assets – (4.1)% |  | &nbsp;&nbsp; (28415593) |
| Net Assets – 100% |  | $699650003 |

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

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| | | |
|:---|:---|:---|
| ***Summary of Investments by Country - (Long Positions) (unaudited)*** |  |  |
| *Country* | *Value* | &nbsp;&nbsp; *% of* <br>*Investment* <br>*Securities*<br>|
| United States | $622254153 | &nbsp;&nbsp;&nbsp;&nbsp; 85.5<br> %<br>|
| Canada | 39614678 | &nbsp;&nbsp;&nbsp;&nbsp;5.4 |
| Zambia | 12554135 | &nbsp;&nbsp;&nbsp;&nbsp;1.7 |
| Japan | 9332562 | &nbsp;&nbsp;&nbsp;&nbsp;1.3 |
| Chile | 8585793 | &nbsp;&nbsp;&nbsp;&nbsp;1.2 |
| Luxembourg | 7023633 | &nbsp;&nbsp;&nbsp;&nbsp;1.0 |
| Macao | 6985798 | &nbsp;&nbsp;&nbsp;&nbsp;1.0 |
| United Kingdom | 4765641 | &nbsp;&nbsp;&nbsp;&nbsp;0.7 |
| Jersey | 3521664 | &nbsp;&nbsp;&nbsp;&nbsp;0.5 |
| France | 3165667 | &nbsp;&nbsp;&nbsp;&nbsp;0.4 |
| Colombia | 2380565 | &nbsp;&nbsp;&nbsp;&nbsp;0.3 |
| Bahamas | 2144006 | &nbsp;&nbsp;&nbsp;&nbsp;0.3 |
| Uzbekistan | 2137455 | &nbsp;&nbsp;&nbsp;&nbsp;0.3 |
| Cote D'Ivoire | 1850363 | &nbsp;&nbsp;&nbsp;&nbsp;0.2 |
| Spain | 1749483 | &nbsp;&nbsp;&nbsp;&nbsp;0.2 |
| Total | $728065596 | &nbsp;&nbsp;&nbsp;&nbsp; 100.0<br> %<br>|

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

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** |
| *Affiliate* | *Affiliated* <br>*Investments,* <br>*at Value at* <br>*6/30/25*<br>| *Purchases* | *Sales* <br>*Proceeds*<br>| *Realized* <br>*Gain/(Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation/* <br>*Depreciation*<br>| *Affiliated* <br>*Investments,* <br>*at Value at* <br>*9/30/25*<br>| *Ending* <br>*Shares*<br>| *Dividend* <br>*Income*<br>|
| Investment Companies - 3.8% | Investment Companies - 3.8% | Investment Companies - 3.8% | Investment Companies - 3.8% | Investment Companies - 3.8% | Investment Companies - 3.8% | Investment Companies - 3.8% | Investment Companies - 3.8% | Investment Companies - 3.8% |
| Money Markets - 3.8% | Money Markets - 3.8% | Money Markets - 3.8% | Money Markets - 3.8% | Money Markets - 3.8% | Money Markets - 3.8% | Money Markets - 3.8% | Money Markets - 3.8% | Money Markets - 3.8% |
| &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  |
|  | &nbsp;&nbsp; $33964455 | &nbsp;&nbsp; $131532409 | &nbsp;&nbsp; $(139193173) | &nbsp;&nbsp; $633 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $26304324 | &nbsp;&nbsp; 26299065 | &nbsp;&nbsp; $395916 |
| Investments Purchased with Cash Collateral from Securities Lending - 3.1% | Investments Purchased with Cash Collateral from Securities Lending - 3.1% | Investments Purchased with Cash Collateral from Securities Lending - 3.1% | Investments Purchased with Cash Collateral from Securities Lending - 3.1% | Investments Purchased with Cash Collateral from Securities Lending - 3.1% | Investments Purchased with Cash Collateral from Securities Lending - 3.1% | Investments Purchased with Cash Collateral from Securities Lending - 3.1% | Investments Purchased with Cash Collateral from Securities Lending - 3.1% | Investments Purchased with Cash Collateral from Securities Lending - 3.1% |
| Investment Companies - 3.1% | Investment Companies - 3.1% | Investment Companies - 3.1% | Investment Companies - 3.1% | Investment Companies - 3.1% | Investment Companies - 3.1% | Investment Companies - 3.1% | Investment Companies - 3.1% | Investment Companies - 3.1% |
| &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  |
|  | &nbsp;&nbsp; 16583658 | &nbsp;&nbsp; 49049689 | &nbsp;&nbsp; (44127815) | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; 21505532 | &nbsp;&nbsp; 21505532 | &nbsp;&nbsp; 25242 <br><sup>∆</sup><br>|
| Total Affiliated Investments - 6.9% | Total Affiliated Investments - 6.9% | Total Affiliated Investments - 6.9% | Total Affiliated Investments - 6.9% | Total Affiliated Investments - 6.9% | Total Affiliated Investments - 6.9% | Total Affiliated Investments - 6.9% | Total Affiliated Investments - 6.9% | Total Affiliated Investments - 6.9% |
|  | &nbsp;&nbsp; $50548113 | &nbsp;&nbsp; $180582098 | &nbsp;&nbsp; $(183320988) | &nbsp;&nbsp; $633 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $47809856 | &nbsp;&nbsp; 47804597 | &nbsp;&nbsp; $421158 |

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

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| | | | | |
|:---|:---|:---|:---|:---|
| ***Schedule of Forward Foreign Currency Exchange Contracts*** | ***Schedule of Forward Foreign Currency Exchange Contracts*** | ***Schedule of Forward Foreign Currency Exchange Contracts*** | ***Schedule of Forward Foreign Currency Exchange Contracts*** | ***Schedule of Forward Foreign Currency Exchange Contracts*** |
| *Counterparty/* <br>*Foreign Currency*<br>| *Settlement* <br>*Date*<br>| &nbsp;&nbsp; *Foreign Currency* <br>*Amount (Sold)/* <br>*Purchased*<br>| &nbsp;&nbsp; *USD Currency* <br>*Amount (Sold)/* <br>*Purchased*<br>| &nbsp;&nbsp; *Market Value and* <br>*Unrealized* <br>*Appreciation/* <br>*(Depreciation)*<br>|
| BNP Paribas: | BNP Paribas: | BNP Paribas: | BNP Paribas: | BNP Paribas: |
| &nbsp;&nbsp;&nbsp; Euro | 12/11/25 | &nbsp;&nbsp;&nbsp; (3022879) | &nbsp;&nbsp;&nbsp; $3565816 | &nbsp;&nbsp;&nbsp; $2654 |

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

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| | | | | |
|:---|:---|:---|:---|:---|
| ***Schedule of Futures*** | ***Schedule of Futures*** | ***Schedule of Futures*** | ***Schedule of Futures*** | ***Schedule of Futures*** |
| *Description* | *Number of* <br>*Contracts*<br>| &nbsp;&nbsp; *Expiration* <br>*Date*<br>| &nbsp;&nbsp; *Notional* <br>*Amount*<br>| &nbsp;&nbsp; *Value and* <br>*Unrealized* <br>*Appreciation/(Depreciation)*<br>|
| *Futures Long:* |  |  |  |  |
| 2 Year US Treasury Note | 330 | &nbsp;&nbsp;&nbsp; 1/6/26 | &nbsp;&nbsp;&nbsp; $68771485 | &nbsp;&nbsp;&nbsp; $(12467) |
| US Treasury Long Bond | 60 | &nbsp;&nbsp;&nbsp; 12/31/25 | &nbsp;&nbsp;&nbsp; 6995625 | &nbsp;&nbsp;&nbsp; 135578 |
| Total - Futures Long |  |  |  | &nbsp;&nbsp;&nbsp; 123111 |
| *Futures Short:* |  |  |  |  |
| 10 Year US Treasury Note | 13 | &nbsp;&nbsp;&nbsp; 12/31/25 | &nbsp;&nbsp;&nbsp; (1462500) | &nbsp;&nbsp;&nbsp; (2437) |
| 5 Year US Treasury Note | 357 | &nbsp;&nbsp;&nbsp; 1/6/26 | &nbsp;&nbsp;&nbsp; (38982727) | &nbsp;&nbsp;&nbsp; 29412 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | *Number of*<br> *Contracts*<br>| &nbsp;&nbsp; *Expiration*<br> *Date*<br>| &nbsp;&nbsp; *Notional*<br> *Amount*<br>| &nbsp;&nbsp; *Value and*<br> *Unrealized*<br> *Appreciation/(Depreciation)*<br>|
| Ultra 10-Year Treasury Note | 126 | &nbsp;&nbsp;&nbsp; 12/31/25 | &nbsp;&nbsp;&nbsp; $(14499844) | &nbsp;&nbsp;&nbsp; $(87343) |
| Ultra Long Term US Treasury Bond | 9 | &nbsp;&nbsp;&nbsp; 12/31/25 | &nbsp;&nbsp;&nbsp; (1080563) | &nbsp;&nbsp;&nbsp; (30654) |
| Total - Futures Short |  |  |  | &nbsp;&nbsp;&nbsp; (91022) |
| Total |  |  |  | &nbsp;&nbsp;&nbsp; $32089 |

---

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

---

| | |
|:---|:---|
| **Average Ending Monthly Value of Derivative Instruments During the Period Ended September 30, 2025** | **Average Ending Monthly Value of Derivative Instruments During the Period Ended September 30, 2025** |
| Credit default swaps: |  |
| Average notional amount - buy protection | $3525000 |
| Forward foreign currency exchange contracts: |  |
| Average amounts purchased - in USD | 494512 |
| Average amounts sold - in USD | 1827467 |
| Futures contracts: |  |
| Average notional amount of contracts - long | 80122402 |
| Average notional amount of contracts - short | 58133209 |

---

------

**Notes to Schedule of Investments (unaudited)** 

---

| | |
|:---|:---|
| EURIBOR | Euro Interbank Offered Rate |
| LLC | Limited Liability Company |
| LP | Limited Partnership |
| PIK | Pay-in-kind (PIK) bonds give the issuer an option to make the interest payment in cash or additional securities. |
| PLC | Public Limited Company |
| SOFR | Secured Overnight Financing Rate |

---

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

---

| |
|:---|
| &nbsp;&nbsp; Securities sold under Rule 144A of the Securities Act of 1933, as amended, are subject to legal and/or contractual restrictions on resale <br> and may not be publicly sold without registration under the 1933 Act. Unless otherwise noted, these securities have been determined to be <br> liquid under guidelines established by the Board of Trustees. The total value of 144A securities as of the period ended September 30, <br> 2025 is $588,265,763, which represents 84.1% of net assets.<br>|
| Non-income producing security. |
| &nbsp;&nbsp; All or a portion of this position is not funded, or has been purchased on a delayed delivery or when-issued basis. If applicable, interest rates <br> will be determined and interest will begin to accrue at a future date.<br>|
| &nbsp;&nbsp; Variable or floating rate security. Rate shown is the current rate as of September 30, 2025. Certain variable rate securities are not based <br> on a published reference rate and spread; they are determined by the issuer or agent and current market conditions. Reference rate is as <br> of reset date and may vary by security, which may not indicate a reference rate and/or spread in their description.<br>|
| Rate shown is the 7-day yield as of September 30, 2025. |
| Loaned security; a portion of the security is on loan at September 30, 2025. |
| &nbsp;&nbsp; Perpetual security. Perpetual securities have no stated maturity date, but they may be called/redeemed by the issuer. The date indicated, if <br> any, represents the next call date.<br>|
| &nbsp;&nbsp; Step bond. The coupon rate will increase or decrease periodically based upon a predetermined schedule. The rate shown reflects the <br> current rate.<br>|
| &nbsp;&nbsp; Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and <br> possible payment rates.<br>|
| &nbsp;&nbsp; Security is valued using significant unobservable inputs. The total value of Level 3 securities as of the period ended September 30, 2025 is <br> $2,260,084, which represents 0.3% of net assets.<br>|
| £&nbsp;&nbsp; The Fund may invest in certain securities that are considered affiliated companies. As defined by the Investment Company Act of 1940, as <br> amended, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is <br> under common ownership or control.<br>|
| Net of income paid to the securities lending agent and rebates paid to the borrowing counterparties. |

---

------

The following is a summary of the inputs that were used to value the Fund's investments in securities and other financial

instruments as of September 30, 2025.

---

| | | | |
|:---|:---|:---|:---|
| **Valuation Inputs Summary** | **Valuation Inputs Summary** | **Valuation Inputs Summary** | **Valuation Inputs Summary** |
|  | ***Level 1 -*** <br>***Quoted Prices***<br>| &nbsp;&nbsp; ***Level 2 -*** <br>***Other Significant*** <br>***Observable Inputs***<br>| &nbsp;&nbsp; ***Level 3 -*** <br>***Significant*** <br>***Unobservable Inputs***<br>|
| **Assets** |  |  |  |
| **Investments In Securities:** |  |  |  |
| *Bank Loans and Mezzanine Loans* | $- | &nbsp;&nbsp;&nbsp; $42326307 | &nbsp;&nbsp;&nbsp; $- |
| *Corporate Bonds* | - | &nbsp;&nbsp;&nbsp; 611384586 | &nbsp;&nbsp;&nbsp; - |
| *Convertible Corporate Bonds* | - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 2260084 |
| *Foreign Government Bonds* | - | &nbsp;&nbsp;&nbsp; 3994369 | &nbsp;&nbsp;&nbsp; - |
| *Common Stocks* |  |  |  |
| Hotels, Restaurants & Leisure | 1567585 | &nbsp;&nbsp;&nbsp; 1749483 | &nbsp;&nbsp;&nbsp; - |
| All Other | 11596943 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - |
| *Investment Companies* | - | &nbsp;&nbsp;&nbsp; 26304324 | &nbsp;&nbsp;&nbsp; - |
| *Investments Purchased with Cash Collateral from Securities Lending* | - | &nbsp;&nbsp;&nbsp; 26881915 | &nbsp;&nbsp;&nbsp; - |
| Total Investments in Securities | $13164528 | &nbsp;&nbsp;&nbsp; $712640984 | &nbsp;&nbsp;&nbsp; $2260084 |
| **Other Financial Instruments**<sup>(a)</sup>**:** |  |  |  |
| *Forward Foreign Currency Exchange Contracts* | - | &nbsp;&nbsp;&nbsp; 2654 | &nbsp;&nbsp;&nbsp; - |
| *Futures Contracts* | 164990 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - |
| **Total Assets** | $13329518 | &nbsp;&nbsp;&nbsp; $712643638 | &nbsp;&nbsp;&nbsp; $2260084 |
| **Liabilities** |  |  |  |
| **Other Financial Instruments**<sup>(a)</sup>**:** |  |  |  |
| *Futures Contracts* | $132901 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Other financial instruments may include forward foreign currency exchange contracts,
 futures, written options, written swaptions, and swap contracts. Forward foreign currency exchange contracts, futures contracts, and centrally
 cleared swap contracts are reported at their unrealized appreciation/(depreciation) at measurement date, which represents the change in the
 contract's value from trade date. Written options, written swaptions, and OTC swaps are reported at their market value at measurement date.

------

**Investment Valuation**

Fund holdings are valued in accordance with policies and procedures established by the Adviser pursuant to Rule 2a-5 under the 1940 Act and approved by and subject to the oversight of the Trustees (the "Valuation Procedures"). Equity securities traded on a domestic securities exchange are generally valued at readily available market quotations, which are (i) the official close prices or (ii) last sale prices on the primary market or exchange in which the securities trade. If such price is lacking for the trading period immediately preceding the time of determination, such securities are generally valued at their current bid price. Equity securities that are traded on a foreign exchange are generally valued at the closing prices on such markets. In the event that there is no current trading volume on a particular security in such foreign exchange, the bid price from the primary exchange is generally used to value the security. Foreign securities and currencies are converted to U.S. dollars using the current spot USD dollar exchange rate in effect at the close of the New York Stock Exchange ("NYSE"). The Adviser will determine the market value of individual securities held by it by using prices provided by one or more Adviser-approved professional pricing services or, as needed, by obtaining market quotations from independent broker-dealers. Most debt securities are valued in accordance with the evaluated bid price supplied by the pricing service that is intended to reflect market value. The evaluated bid price supplied by the pricing service is an evaluation that may consider factors such as security prices, yields, maturities, and ratings. Certain short-term securities maturing within 60 days or less may be evaluated and valued on an amortized cost basis provided that the amortized cost determined approximates market value. Securities for which market quotations or evaluated prices are not readily available or deemed unreliable are valued at fair value determined in good faith by the Adviser pursuant to the Valuation Procedures. Circumstances in which fair valuation may be utilized include, but are not limited to: (i) a significant event that may affect the securities of a single issuer, such as a merger, bankruptcy, or significant issuer-specific development; (ii) an event that may affect an entire market, such as a natural disaster or significant governmental action; (iii) a nonsignificant event such as a market closing early or not opening, or a security trading halt; and (iv) pricing of a non-valued security and a restricted or nonpublic security. Special valuation considerations may apply with respect to "odd-lot" fixed-income transactions which, due to their small size, may receive evaluated prices by pricing services which reflect a large block trade and not what actually could be obtained for the odd-lot position. The value of the securities of other mutual funds held by the Fund, if any, will be calculated using the NAV of such mutual funds, and the prospectuses for such mutual funds explain the circumstances under which they use fair valuation and the effects of using fair valuation. The value of the securities of any cash management pooled investment vehicles that

operate as money market funds held by the Fund, if any, will be calculated using the NAV of such funds.

**Valuation Inputs Summary**

FASB ASC 820, *Fair Value Measurements and Disclosures* ("ASC 820"), defines fair value, establishes a framework for measuring fair value, and expands disclosure requirements regarding fair value measurements. This standard emphasizes that fair value is a market-based measurement that should be determined based on the assumptions that market participants would use in pricing an asset or liability and establishes a hierarchy that prioritizes inputs to valuation techniques used to measure fair value. These inputs are summarized into three broad levels:

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

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

rates and similar data.

Assets or liabilities categorized as Level 2 in the hierarchy generally include: debt securities fair valued in accordance with the evaluated bid or ask prices supplied by a pricing service; securities traded on OTC markets and listed securities for which no sales are reported that are fair valued at the latest bid price (or yield equivalent thereof) obtained from one or more dealers transacting in a market for such securities or by a pricing service approved by the Fund's Trustees; certain short-term debt securities with maturities of 60 days or less that are fair valued at amortized cost; and equity securities of foreign issuers whose fair value is determined by using systematic fair valuation models provided by independent third parties in order to adjust for stale pricing which may occur between the close of certain foreign exchanges and the close of the NYSE. Other securities that may be categorized as Level 2 in the hierarchy include, but are not limited to, preferred stocks, bank loans, swaps,

investments in unregistered investment companies, options, and forward contracts.

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

There have been no significant changes in valuation techniques used in valuing any such positions held by the Fund since the beginning of the fiscal period.

------

The inputs or methodology used for fair valuing securities are not necessarily an indication of the risk associated with investing in those securities. The summary of inputs used as of September 30, 2025 to fair value the Fund's investments in securities and other financial instruments is included in the "Valuation Inputs Summary" in the Notes to

Schedule of Investments.

The Fund's management has determined the Fund did not hold a significant amount of Level 3 securities as of September 30, 2025.

------

For additional information on the Fund, please refer to the Fund's most recent semiannual or annual financial

statements.

125-25-70278 11-25

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** JANUS INVESTMENT FUND

- **b. Investment Company Act file number:** 811-01879

- **c. CIK number of Registrant:** 0000277751

- **d. LEI of Registrant:** W6UYDZFUOFJ4HQQ32382

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

  - **Street Address 1:** 151 Detroit Street

  - **City:** Denver

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80206

  - **Telephone number:** 303-333-3863

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

- **a. Name of Series:** Janus Henderson High-Yield Fund

- **b. EDGAR series identifier (if any):** S000010468

- **c. LEI of Series:** EL1Q72EQG65N1PYH1412

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

- **a. Date of fiscal year-end:** 2026-06-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $731269699.48

**Total Liabilities:** $31619704.11

**Net Assets:** $699649995.37

**Delayed Delivery Securities:** $27457628.33

**Cash Not Reported:** $379367.72

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -4.240050431806 | **1-Year:** -93.000986379571 | **5-Year:** -529.623886383604 | **10-Year:** -1445.005671503488 | **30-Year:** 0.000000000000

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

- **3-Month:** -758.715423313493 | **1-Year:** -32635.799521278725 | **5-Year:** -144682.650252827040 | **10-Year:** -58274.955092016610 | **30-Year:** -7323.036441488890

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000028924 | 0.83%                | 1.11%                | 1.04%                |
| Class ID C000077664 | 0.69%                | 1.10%                | 1.17%                |
| Class ID C000077665 | 0.76%                | 1.05%                | 0.98%                |
| Class ID C000077666 | 0.84%                | 1.11%                | 1.05%                |
| Class ID C000077667 | 0.78%                | 1.06%                | 1.00%                |
| Class ID C000077668 | 0.67%                | 1.09%                | 1.16%                |
| Class ID C000083516 | 0.84%                | 1.12%                | 1.05%                |
| Class ID C000114871 | 0.85%                | 1.13%                | 1.20%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $70396.00                | $1487040.00                                |
| Month 2  | $3494901.00              | $506251.00                                 |
| Month 3  | $1910657.00              | $2113134.00                                |

**Designated Index Information**

- **Index Name:** Bloomberg U.S. Corporate High Yield Unhedged in USD

- **Index Identifier:** BARCLAYS.MC.LEHM000204UUSD

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Osaic Holdings Inc.                                                                        | ADVGRO 6.75 08/01/32 144A                                    | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    818000 | PA      | $844859.85    | 0.12%             | 2032-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Osaic Holdings Inc.                                                                        | ADVGRO 8 08/01/33 144A                                       | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    799000 | PA      | $828081.20    | 0.12%             | 2033-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Quiksilver Inc                                                                             | Authentic Brands Group LLC                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   2260084 | PA      | $2260084.18   | 0.32%             | 2029-09-01      | Variable      | 2.75%                 | No            |                  3 | On Loan: No      |
| JB Poindexter & Co Inc                                                                     | JBPOIN 8.75 12/15/31 144A                                    | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |   1174000 | PA      | $1229592.42   | 0.18%             | 2031-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Jane Street Group LLC / JSG Finance Inc.                                                   | JANEST 7.125 04/30/31 144A                                   | CUSIP: 47077WAC2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |    925000 | PA      | $970225.33    | 0.14%             | 2031-04-30      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Jane Street Group LLC / JSG Finance Inc.                                                   | JANEST 6.125 11/01/32 144A                                   | CUSIP: 47077WAD0<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |  10093000 | PA      | $10229852.70  | 1.46%             | 2032-11-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Jane Street Group LLC / JSG Finance Inc.                                                   | JANEST 6.75 05/01/33 144A                                    | CUSIP: 47077WAE8<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |    728000 | PA      | $756125.78    | 0.11%             | 2033-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| K Hovnanian Enterprises Inc                                                                | HOV 8 04/01/31 144A                                          | CUSIP: 48251UAP3<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |   2220000 | PA      | $2276461.73   | 0.33%             | 2031-04-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: —       |
| K Hovnanian Enterprises Inc                                                                | HOV 8.375 10/01/33 144A                                      | CUSIP: 48251UAQ1<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |   1199000 | PA      | $1229277.05   | 0.18%             | 2033-10-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Kohl's Corp.                                                                               | KSS 10 06/01/30 144A                                         | CUSIP: 500255AY0<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |   2694000 | PA      | $2929283.18   | 0.42%             | 2030-06-01      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: —       |
| LGI Homes Inc                                                                              | LGI Homes Inc COM USD0.01                                    | CUSIP: 50187T106<br>LEI: 549300W02B4WNV8CV109 | Long             | EC               | CORP              | US        |     11389 | NS      | $588925.19    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| LGI Homes Inc                                                                              | LGIH 4 07/15/29 144A                                         | CUSIP: 50187TAF3<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |   7360000 | PA      | $6715778.46   | 0.96%             | 2029-07-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| LGI Homes Inc                                                                              | LGIH 7 11/15/32 144A                                         | CUSIP: 50187TAK2<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2685168.75   | 0.38%             | 2032-11-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Lennar Corp.                                                                               | Lennar Corp. COM USD0.10 CLASS A                             | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |     17319 | NS      | $2182886.76   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Level 3 Financing, Inc.                                                                    | LVLT 3.75 07/15/29 144A                                      | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   2399000 | PA      | $2044975.35   | 0.29%             | 2029-07-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                                                    | LVLT 6.875 06/30/33 144A                                     | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   4255101 | PA      | $4336713.84   | 0.62%             | 2033-06-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                                                    | LVLT 7 03/31/34 144A                                         | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   5819775 | PA      | $5920510.01   | 0.85%             | 2034-03-31      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| LifePoint Health, Inc                                                                      | RGCARE 5.375 01/15/29 144A                                   | CUSIP: 53219LAU3<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |   3357000 | PA      | $3197542.50   | 0.46%             | 2029-01-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: —       |
| LifePoint Health, Inc                                                                      | RGCARE 11 10/15/30 144A                                      | CUSIP: 53219LAW9<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |   1922000 | PA      | $2118345.75   | 0.30%             | 2030-10-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| LifePoint Health, Inc                                                                      | RGCARE 10 06/01/32 144A                                      | CUSIP: 53219LAX7<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |   9545000 | PA      | $10021858.66  | 1.43%             | 2032-06-01      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Lions Gate Television Inc.                                                                 | LGF 6 04/15/30 144a                                          | CUSIP: 535939AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6659000 | PA      | $6314996.06   | 0.90%             | 2030-04-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Long Ridge Energy LLC                                                                      | LONRID 8.75 02/15/32 144A                                    | CUSIP: 54288CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5615000 | PA      | $5771704.04   | 0.82%             | 2032-02-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Lumen Technologies Inc                                                                     | Lumen Technologies Inc COM                                   | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |    123453 | NS      | $755532.36    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| OVG Business Services                                                                      | OVG Business Services Term Loan B 300 2031-06-03             | CUSIP: 62955EAJ3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1332000 | PA      | $1328670.00   | 0.19%             | 2031-06-25      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Rithm Capital Corp.                                                                        | RITM 8 04/01/29 144A                                         | CUSIP: 64828TAB8<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |   5551000 | PA      | $5681792.66   | 0.81%             | 2029-04-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                              | OMF 7.125 09/15/32                                           | CUSIP: 682691AK6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   4573000 | PA      | $4724081.81   | 0.68%             | 2032-09-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Organon & Co. / Organon Foreign Debt Co-Issuer BV                                          | OGN 6.75 05/15/34 144A                                       | CUSIP: 68622FAA9<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |   3029000 | PA      | $2904467.48   | 0.42%             | 2034-05-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Organon & Co                                                                               | OGN 5.125 04/30/31 144A                                      | CUSIP: 68622TAB7<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |   3537000 | PA      | $3098585.28   | 0.44%             | 2031-04-30      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: —       |
| Organon & Co                                                                               | Organon & Co COMMON STOCK                                    | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               | CORP              | US        |    125565 | NS      | $1341034.20   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| PENN Entertainment Inc                                                                     | PENN 4.125 07/01/29 144A                                     | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7321000 | PA      | $6862094.83   | 0.98%             | 2029-07-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: —       |
| Pennymac Financial Services Inc                                                            | PFSI 6.875 02/15/33 144A                                     | CUSIP: 70932MAF4<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   2718000 | PA      | $2807984.83   | 0.40%             | 2033-02-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Pennymac Financial Services Inc                                                            | PFSI 6.75 02/15/34 144A                                      | CUSIP: 70932MAH0<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   6203000 | PA      | $6327593.46   | 0.90%             | 2034-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ProAmpac                                                                                   | ProAmpac Term Loan B 400 2028-09-01                          | CUSIP: 74274NAL7<br>LEI: 549300ZI6LTXYFEY1578 | Long             | LON              | CORP              | US        |   1458935 | PA      | $1462217.84   | 0.21%             | 2028-09-15      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| Qlik Technologies                                                                          | Qlik Technologies Term Loan B (Add-on) 325 2030-10-01        | CUSIP: 74339DAQ1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      1135 | PA      | $1137.56      | 0.00%             | 2030-10-28      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                                      | QUIKHO 6.75 03/01/33 144A                                    | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   4558000 | PA      | $4738923.93   | 0.68%             | 2033-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Rand Parent LLC                                                                            | AAWW 8.5 02/15/30 144A                                       | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7065000 | PA      | $7340994.23   | 1.05%             | 2030-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: —       |
| Rivers Enterprise Lender LLC / Rivers Enterprise Lender Corp.                              | RIVLEN 6.25 10/15/30 144A                                    | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4646000 | PA      | $4687425.83   | 0.67%             | 2030-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Rocket Software Inc                                                                        | ROCSOF 6.5 02/15/29 144A                                     | CUSIP: 77314EAA6<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |   7272000 | PA      | $7081760.12   | 1.01%             | 2029-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Rocket Software Inc                                                                        | ROCSOF 9 11/28/28 144A                                       | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |   3237000 | PA      | $3336770.81   | 0.48%             | 2028-11-28      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| SM Energy Co.                                                                              | SM 7 08/01/32 144A                                           | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   1524000 | PA      | $1525175.00   | 0.22%             | 2032-08-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: —       |
| Six Flags Entertainment Corp.                                                              | FUN 7.25 05/15/31 144A                                       | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |   5578000 | PA      | $5580208.89   | 0.80%             | 2031-05-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| StoneX Group Inc                                                                           | SNEX 7.875 03/01/31 144A                                     | CUSIP: 861896AA6<br>LEI: 549300JUF07L8VF02M60 | Long             | DBT              | CORP              | US        |   6905000 | PA      | $7261353.24   | 1.04%             | 2031-03-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                                                                                  | SUN V7.875 PERP 144A                                         | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |  15400000 | PA      | $15641934.00  | 2.24%             | 2099-12-31      | Variable      | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Tallgrass Energy Partners, LP and Tallgrass Energy Finance Corp.                           | TEP 6 09/01/31 144A                                          | CUSIP: 87470LAK7<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |   3571000 | PA      | $3493945.64   | 0.50%             | 2031-09-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Tallgrass Energy Partners, LP and Tallgrass Energy Finance Corp.                           | TEP 6.75 03/15/34 144A                                       | CUSIP: 87470LAM3<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |  13609000 | PA      | $13472411.64  | 1.93%             | 2034-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Terawulf Inc                                                                               | WULF 1 09/01/31                                              | CUSIP: 88080TAC8<br>LEI: 254900CVMW1SX2T78A64 | Long             | DBT              | CORP              | US        |   2042000 | PA      | $2429980.00   | 0.35%             | 2031-09-01      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| TerraForm Power Operating, LLC                                                             | TERP 4.75 01/15/30 144A                                      | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |   5290000 | PA      | $5112843.19   | 0.73%             | 2030-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Travere Therapeutics Inc                                                                   | TVTX 2.25 03/01/29                                           | CUSIP: 89422GAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1958000 | PA      | $2207488.75   | 0.32%             | 2029-03-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| JANUS CAPITAL GROUP INC                                                                    | Janus Henderson Cash Liquidity Fund LLC                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  26299064 | NS      | $26304324.18  | 3.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Twitter Inc                                                                                | Twitter Inc                                                  | CUSIP: 90184NAK4<br>LEI: 549300I8RX485XMK6836 | Long             | LON              | CORP              | US        |   4816000 | PA      | $4827365.76   | 0.69%             | 2029-10-26      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc.                                                              | UVN 8.5 07/31/31 144A                                        | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   6697000 | PA      | $6915603.47   | 0.99%             | 2031-07-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Univision Communications Inc.                                                              | UVN 9.375 08/01/32 144A                                      | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   5814000 | PA      | $6195787.94   | 0.89%             | 2032-08-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| USA Compression Partners LP / USA Compression Finance Corp                                 | USAC 6.25 10/01/33 144A                                      | CUSIP: 91740PAH1<br>LEI: 5493000B1PEOKXRZEO65 | Long             | DBT              | CORP              | US        |   5698000 | PA      | $5719796.05   | 0.82%             | 2033-10-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Venture Global LNG Inc.                                                                    | VENLNG 8.375 06/01/31 144A                                   | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   3919000 | PA      | $4114833.64   | 0.59%             | 2031-06-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Verde Purchaser LLC                                                                        | VRTV 10.5 11/30/30 144A                                      | CUSIP: 92339LAA0<br>LEI: 2549004HFEKMUGBG3Z35 | Long             | DBT              | CORP              | US        |   7354000 | PA      | $7892518.49   | 1.13%             | 2030-11-30      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Victra Holdings LLC / Victra Finance Corp.                                                 | VICTRA 8.75 09/15/29 144A                                    | CUSIP: 92648DAA4<br>LEI: 549300KWDYQKQSF0MQ18 | Long             | DBT              | CORP              | US        |   7457000 | PA      | $7817717.46   | 1.12%             | 2029-09-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: —       |
| Voyager Parent LLC                                                                         | EVRI 9.25 07/01/32 144A                                      | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |   6627000 | PA      | $7007987.03   | 1.00%             | 2032-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Watco Companies, L.L.C. / Watco Finance Corp.                                              | WATCOS 7.125 08/01/32 144A                                   | CUSIP: 941130AD8<br>LEI: 549300UK74AMHGBXZG45 | Long             | DBT              | CORP              | US        |   6683000 | PA      | $6917373.41   | 0.99%             | 2032-08-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Weekley Homes LLC/Weekley Finance Corp.                                                    | WEEKHM 4.875 09/15/28 144A                                   | CUSIP: 948565AD8<br>LEI: 5493009MTTQO8ZN53F13 | Long             | DBT              | CORP              | US        |   4970000 | PA      | $4866208.51   | 0.70%             | 2028-09-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| White Cap                                                                                  | White Cap Term Loan B 325 2029-10-01                         | CUSIP: 96350TAH3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2249852 | PA      | $2249379.42   | 0.32%             | 2029-10-19      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Wilsonart LLC                                                                              | WLSNRT 11 08/15/32 144A                                      | CUSIP: 97246JAA6<br>LEI: 549300SAZRUMYKDJBY14 | Long             | DBT              | CORP              | US        |   2637000 | PA      | $2566984.22   | 0.37%             | 2032-08-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| Zayo Group                                                                                 | Zayo Group Term Loan B-2 (Incremental) 425 2027-03-01        | CUSIP: 98919XAE1<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |   1939974 | PA      | $1936501.75   | 0.28%             | 2027-03-09      | Floating      | 8.49%                 | No            |                  2 | On Loan: No      |
| Long Ridge Energy                                                                          | Long Ridge Energy Term Loan B 450 2032-01-21                 | CUSIP: 54288BAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2597490 | PA      | $2536604.83   | 0.36%             | 2032-02-19      | Floating      | 8.50%                 | No            |                  2 | On Loan: No      |
| Caesars Republic Alexander Valley                                                          | Caesars Republic Alexander Valley Term Loan B 900 2031-05-27 | CUSIP: 76837PAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5050000 | PA      | $4923750.00   | 0.70%             | 2031-06-25      | Floating      | 13.32%                | No            |                  2 | On Loan: No      |
| Osaic                                                                                      | Osaic Term Loan B 300 2032-07-07                             | CUSIP: 68773JAG5<br>LEI: 549300XL60BDV6UW5C86 | Long             | LON              | CORP              | US        |   1519000 | PA      | $1517875.94   | 0.22%             | 2032-07-30      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Uniti                                                                                      | Uniti Term Loan B 400 2032-09-16                             | CUSIP: 97381JAK9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2150000 | PA      | $2128500.00   | 0.30%             | 2032-09-25      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| Ivory Coast (Republic Of)                                                                  | IVYCST 8.075 04/01/36 144A                                   | CUSIP: 221625AV8<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |   1789000 | PA      | $1850362.65   | 0.26%             | 2036-04-01      | Fixed         | 8.07%                 | Yes           |                  2 | On Loan: No      |
| Kioxia Holdings Corp.                                                                      | KIOXIA 6.25 07/24/30 144A                                    | CUSIP: 49726JAA6<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |   2147000 | PA      | $2189948.59   | 0.31%             | 2030-07-24      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Kioxia Holdings Corp.                                                                      | KIOXIA 6.625 07/24/33 144A                                   | CUSIP: 49726JAB4<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |   8495000 | PA      | $8733114.85   | 1.25%             | 2033-07-24      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| LATAM Airlines Group SA                                                                    | LTMCI 7.875 04/15/30 144A                                    | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |   8252000 | PA      | $8585793.40   | 1.23%             | 2030-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Maxam Prill S.a r.l.                                                                       | MXPRLL 7.75 07/15/30 144A                                    | CUSIP: 57779MAA8<br>LEI: 984500C4C5B820A6B691 | Long             | DBT              | CORP              | LU        |   6977000 | PA      | $7023632.66   | 1.00%             | 2030-07-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Seagate Data Storage Technology Pte. Ltd.                                                  | STX 3.125 07/15/29 144a                                      | CUSIP: 81180LAL9<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   2349000 | PA      | $2034560.37   | 0.29%             | 2029-07-15      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| Taseko Mines Limited                                                                       | TKOCN 8.25 05/01/30 144A                                     | CUSIP: 876511AG1<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |   5027000 | PA      | $5324316.69   | 0.76%             | 2030-05-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Uzbekneftegaz JSC                                                                          | UNGUZB 8.75 05/07/30 144A                                    | CUSIP: 91825MAC7<br>LEI: 213800LUZJZFLJD4MJ51 | Long             | DBT              | CORP              | UZ        |   2000000 | PA      | $2137454.62   | 0.31%             | 2030-05-07      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| VMED O2 UK Financing I PLC                                                                 | VMED 4.75 07/15/31 144A                                      | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   1566000 | PA      | $1473991.71   | 0.21%             | 2031-07-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| VMED O2 UK Financing I PLC                                                                 | VMED 7.75 04/15/32 144A                                      | CUSIP: 92858RAD2<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   3133000 | PA      | $3291648.85   | 0.47%             | 2032-04-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Wynn Macau Ltd.                                                                            | WYNMAC 6.75 02/15/34 144A                                    | CUSIP: 98313RAL0<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |   6891000 | PA      | $6985797.63   | 1.00%             | 2034-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Ally Financial Inc.                                                                        | ALLY V6.646 01/17/40                                         | CUSIP: 02005NBY5<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1430000 | PA      | $1429508.39   | 0.20%             | 2040-01-17      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| Ardagh Metal Packaging Finance PLC / Ardagh Metal Packaging Finance USA LLC                | AMPBEV 4 09/01/29 144A                                       | CUSIP: 03969YAB4<br>LEI: 635400FSFRHBFVPTP424 | Long             | DBT              | CORP              | N/A       |   5129000 | PA      | $4746974.95   | 0.68%             | 2029-09-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Aretec Escrow Issuer 2 Inc.                                                                | RCAP 10 08/15/30 144A                                        | CUSIP: 04020JAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3230000 | PA      | $3519094.69   | 0.50%             | 2030-08-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Beacon Mobility Financial Corp.                                                            | BEAMOB 7.25 08/01/30 144A                                    | CUSIP: 073644AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4468000 | PA      | $4645196.41   | 0.66%             | 2030-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Beazer Homes USA Inc.                                                                      | BZH 7.5 03/15/31 144A                                        | CUSIP: 07556QBU8<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |   6285000 | PA      | $6368741.34   | 0.91%             | 2031-03-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Broadstreet Partners Inc                                                                   | BROPAR 5.875 04/15/29 144A                                   | CUSIP: 11135RAA3<br>LEI: 549300BS9N54G8DD0R75 | Long             | DBT              | CORP              | US        |   6793000 | PA      | $6773215.39   | 0.97%             | 2029-04-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Burford Capital Global Finance LLC                                                         | BURLN 6.875 04/15/30 144A                                    | CUSIP: 12116LAC3<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |   4005000 | PA      | $4026060.13   | 0.58%             | 2030-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Burford Capital Global Finance LLC                                                         | BURLN 7.5 07/15/33 144A                                      | CUSIP: 12116LAG4<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |   1933000 | PA      | $1967020.80   | 0.28%             | 2033-07-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Century Communities Inc                                                                    | CCS 6.625 09/15/33 144A                                      | CUSIP: 156504AN2<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |   2688000 | PA      | $2711544.78   | 0.39%             | 2033-09-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Civitas Resources Inc                                                                      | CIVI 8.375 07/01/28 144A                                     | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    533000 | PA      | $552480.62    | 0.08%             | 2028-07-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Civitas Resources Inc                                                                      | CIVI 8.75 07/01/31 144A                                      | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   3715000 | PA      | $3806058.48   | 0.54%             | 2031-07-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Group Inc.                                                                  | TIBX 9 09/30/29 144A                                         | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   7138000 | PA      | $7403579.28   | 1.06%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Group Inc.                                                                  | TIBX 8.25 06/30/32 144A                                      | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   8188000 | PA      | $8685448.68   | 1.24%             | 2032-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Bath & Body Works Inc                                                                      | BBWI 6.95 03/01/33                                           | CUSIP: 532716AK3<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   3784000 | PA      | $3950757.10   | 0.56%             | 2033-03-01      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                        | N/A                                                          | CUSIP: 01957TAY3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1220000 | PA      | $1435225.04   | 0.21%             | 2032-08-20      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| Aston Martin Capital Holdings Ltd.                                                         | ASTONM 10 03/31/29 144A                                      | CUSIP: 04625HAJ8<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |   3597000 | PA      | $3521663.71   | 0.50%             | 2029-03-31      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Bahamas (Commonwealth of)                                                                  | BAHAMA 8.25 06/24/36 144A                                    | CUSIP: 056732AP5<br>LEI: 549300W13SXC7EKNJC20 | Long             | DBT              | NUSS              | BS        |   1986000 | PA      | $2144006.16   | 0.31%             | 2036-06-24      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Bombardier Inc.                                                                            | BBDBCN 7.45 05/01/34 144A                                    | CUSIP: 097751AL5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   5341000 | PA      | $5899011.66   | 0.84%             | 2034-05-01      | Fixed         | 7.45%                 | Yes           |                  2 | On Loan: No      |
| Capstone Copper Corp                                                                       | CAPCOP 6.75 03/31/33 144A                                    | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |   7295000 | PA      | $7514061.56   | 1.07%             | 2033-03-31      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                                        | US T-NOTE ULTRA 10Y                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -126 | NC      | $-87342.70    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                        | Sell EUR / Buy USD                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $2118.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                        | Sell EUR / Buy USD                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $535.61       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CP Atlas Buyer Inc.                                                                        | AMBATH 9.75 07/15/30 144A                                    | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |   2341000 | PA      | $2451729.30   | 0.35%             | 2030-07-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Caesars Entertainment Inc.                                                                 | CZR 6 10/15/32 144A                                          | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   7068000 | PA      | $6961695.87   | 1.00%             | 2032-10-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: —       |
| Compass Minerals International Inc.                                                        | CMP 8 07/01/30 144A                                          | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |   6602000 | PA      | $6900258.55   | 0.99%             | 2030-07-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Crocs Inc                                                                                  | CROX 4.125 08/15/31 144A                                     | CUSIP: 227046AB5<br>LEI: 549300B0J6YCXD63OG72 | Long             | DBT              | CORP              | US        |   3749000 | PA      | $3434636.98   | 0.49%             | 2031-08-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: —       |
| AMC Networks Inc                                                                           | AMCX 10.5 07/15/32 144A                                      | CUSIP: 00164VAK9<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |   6251000 | PA      | $6610026.19   | 0.94%             | 2032-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| AMN Healthcare Allied Inc                                                                  | AMN 6.5 01/15/31 144A                                        | CUSIP: 00175PAD5<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |   2754000 | PA      | $2762509.80   | 0.39%             | 2031-01-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Alpha Generation LLC                                                                       | ALPGEN 6.75 10/15/32 144A                                    | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |   2126000 | PA      | $2194649.52   | 0.31%             | 2032-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| American Airlines, Inc.                                                                    | AAL 7.25 02/15/28 144A                                       | CUSIP: 023771T32<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |   3457000 | PA      | $3541540.94   | 0.51%             | 2028-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| American Airlines, Inc.                                                                    | AAL 8.5 05/15/29 144A                                        | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |   6656000 | PA      | $6943226.37   | 0.99%             | 2029-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| American Axle & Manufacturing, Inc.                                                        | AXL 6.375 10/15/32 144A                                      | CUSIP: 02406PBC3<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |   2244000 | PA      | $2240211.16   | 0.32%             | 2032-10-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Atlas Luxco 4 S A R L / Allied Universal Holdco Llc / Allied Universal Finance Corporation | UNSEAM 4.625 06/01/28 144a                                   | CUSIP: 049362AA4<br>LEI: 549300ONXPZT3KQZDR65 | Long             | DBT              | CORP              | N/A       |   5206000 | PA      | $5104811.39   | 0.73%             | 2028-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Carlisle Companies Inc.                                                                    | Carlisle Companies Inc. COM USD1                             | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      1802 | NS      | $592785.92    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co                                                                                 | CVNA 5.875 10/01/28 144A                                     | CUSIP: 146869AD4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |     95000 | PA      | $92862.50     | 0.01%             | 2028-10-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Carvana Co                                                                                 | CVNA 4.875 09/01/29 144A                                     | CUSIP: 146869AH5<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   2545000 | PA      | $2344581.25   | 0.34%             | 2029-09-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Carvana Co                                                                                 | CVNA 10.25 05/01/30 144A                                     | CUSIP: 146869AJ1<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    961000 | PA      | $1042685.15   | 0.15%             | 2030-05-01      | Fixed         | 10.25%                | Yes           |                  2 | On Loan: No      |
| Carvana Co                                                                                 | CVNA 9 06/01/30 144A                                         | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   4872088 | PA      | $5097540.47   | 0.73%             | 2030-06-01      | Variable      | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Churchill Downs Inc                                                                        | Churchill Downs Inc COM NPV                                  | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |     16159 | NS      | $1567584.59   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CoreWeave Inc.                                                                             | CoreWeave Inc. COM CL A                                      | CUSIP: 21873S108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12777 | NS      | $1748532.45   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CoreWeave Inc.                                                                             | CRWV 9.25 06/01/30 144A                                      | CUSIP: 21873SAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8328000 | PA      | $8601108.43   | 1.23%             | 2030-06-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| CoreWeave Inc.                                                                             | CRWV 9 02/01/31 144A                                         | CUSIP: 21873SAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2598000 | PA      | $2662635.64   | 0.38%             | 2031-02-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Forefront Dermatology                                                                      | Forefront Dermatology Term Loan B 425 2029-03-07             | CUSIP: 24982LAB1<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   2663931 | PA      | $2505054.09   | 0.36%             | 2029-03-30      | Floating      | 8.56%                 | No            |                  2 | On Loan: No      |
| Firstcash Inc                                                                              | FCFS 5.625 01/01/30 144A                                     | CUSIP: 31944TAA8<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |   1136000 | PA      | $1134352.69   | 0.16%             | 2030-01-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Firstcash Inc                                                                              | FCFS 6.875 03/01/32 144A                                     | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |   1410000 | PA      | $1457387.28   | 0.21%             | 2032-03-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                              | F 6.5 02/07/35                                               | CUSIP: 345397G56<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2672000 | PA      | $2745092.96   | 0.39%             | 2035-02-07      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Cirsa Enterprises SA                                                                       | Cirsa Enterprises SA EUR0.5                                  | CUSIP: E3R26R118<br>LEI: 254900PU87HSLE4V5K18 | Long             | EC               | CORP              | ES        |     96040 | NS      | $1749483.20   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Algonquin Power & Utilities Corporation                                                    | AQNCN V4.75 01/18/82                                         | CUSIP: 015857AH8<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |   2697000 | PA      | $2631596.99   | 0.38%             | 2082-01-18      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC / Allied Universal Finance Corp / Atlas Luxco 4 SARL           | UNSEAM 4.625 06/01/28 144A                                   | CUSIP: 019579AA9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | N/A       |   1108000 | PA      | $1086025.59   | 0.16%             | 2028-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Foundation Building Materials Inc                                                          | FBM 6 03/01/29 144A                                          | CUSIP: 350392AA4<br>LEI: 549300ZVE6MONHB01I28 | Long             | DBT              | CORP              | US        |   5680000 | PA      | $5757312.07   | 0.82%             | 2029-03-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: —       |
| Full House Resorts Inc.                                                                    | FLL 8.25 02/15/28 144A                                       | CUSIP: 359678AC3<br>LEI: 5493009DKIWW0H901Y82 | Long             | DBT              | CORP              | US        |    745000 | PA      | $691400.08    | 0.10%             | 2028-02-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: —       |
| Protective Industrial Products                                                             | Protective Industrial Products Term Loan B 400 2032-01-05    | CUSIP: 37987UAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2821000 | PA      | $2733549.00   | 0.39%             | 2032-05-21      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| Gray Media Inc.                                                                            | GTN 7.25 08/15/33 144A                                       | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   3787000 | PA      | $3752737.87   | 0.54%             | 2033-08-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Altice France S.A                                                                          | SFRFP 5.5 10/15/29 144A                                      | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   3660000 | PA      | $3165667.04   | 0.45%             | 2029-10-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Ecopetrol S.A.                                                                             | ECOPET 8.375 01/19/36                                        | CUSIP: 279158AV1<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   2305000 | PA      | $2380565.16   | 0.34%             | 2036-01-19      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| HLF Financing SaRL LLC and Herbalife International Inc.                                    | HLF 12.25 04/15/29 144A                                      | CUSIP: 40390DAD7<br>LEI: 549300VKVJUV5OGV2R51 | Long             | DBT              | CORP              | US        |   7864000 | PA      | $8530859.34   | 1.22%             | 2029-04-15      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| Heartland Dental                                                                           | Heartland Dental Term Loan B 375 2032-07-28                  | CUSIP: 42236WAX5<br>LEI: 5493008FRC0GRKBN1075 | Long             | LON              | CORP              | US        |   4908629 | PA      | $4897633.24   | 0.70%             | 2032-08-25      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| 1261229 Bc Ltd.                                                                            | BHCCN 10 04/15/32 144A                                       | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   5492000 | PA      | $5629585.80   | 0.80%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Herc Holdings Inc                                                                          | HRI 7 06/15/30 144A                                          | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   3003000 | PA      | $3119294.18   | 0.45%             | 2030-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Hilton Grand Vacations Borrower Escrow LLC/ Hilton Grand Vacations Borrower Escrow Inc     | HGVLLC 4.875 07/01/31 144A                                   | CUSIP: 43284MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3339000 | PA      | $3116092.00   | 0.45%             | 2031-07-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Howard Midstream Energy Partners Llc                                                       | HOWARD 6.625 01/15/34 144A                                   | CUSIP: 442722AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9609000 | PA      | $9797099.83   | 1.40%             | 2034-01-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| ITT Holdings LLC                                                                           | INTMAT 6.5 08/01/29 144A                                     | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |   5693000 | PA      | $5596985.28   | 0.80%             | 2029-08-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| McGraw-Hill Education Inc.                                                                 | MHED 8 08/01/29 144A                                         | CUSIP: 57767XAB6<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |   3725000 | PA      | $3793610.78   | 0.54%             | 2029-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| McAfee Corp                                                                                | MCFE 7.375 02/15/30 144A                                     | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |   5706000 | PA      | $5292836.53   | 0.76%             | 2030-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| McGraw-Hill Education Inc.                                                                 | MHED 7.375 09/01/31 144A                                     | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |   1661000 | PA      | $1725694.29   | 0.25%             | 2031-09-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Mcgraw Hill Inc.                                                                           | Mcgraw Hill Inc. COM                                         | CUSIP: 580907103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    136164 | NS      | $1708858.20   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Datasite (fka Merrill Corp)                                                                | Datasite (fka Merrill Corp) Term Loan B 325 2031-06-19       | CUSIP: 59012CAL9<br>LEI: 254900765HT42I3EW691 | Long             | LON              | CORP              | US        |   1423406 | PA      | $1420145.94   | 0.20%             | 2031-07-03      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| Midcontinent Communications/Midcontinent Communications Finance Corp                       | MIDCON 8 08/15/32 144A                                       | CUSIP: 59565XAD2<br>LEI: 549300ZI9GDQBS28C408 | Long             | DBT              | CORP              | US        |   3173000 | PA      | $3269151.42   | 0.47%             | 2032-08-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Millrose Properties Inc.                                                                   | MRP 6.375 08/01/30 144A                                      | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6876000 | PA      | $6992823.24   | 1.00%             | 2030-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Millrose Properties Inc.                                                                   | MRP 6.25 09/15/32 144A                                       | CUSIP: 601137AB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1731000 | PA      | $1735524.18   | 0.25%             | 2032-09-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| EUC (End User Computing)                                                                   | EUC (End User Computing) Term Loan B 450 2031-04-01          | CUSIP: 60753DAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5508634 | PA      | $5433881.54   | 0.78%             | 2031-07-01      | Floating      | 8.81%                 | No            |                  2 | On Loan: No      |
| Mohegan Escrow Issuer LLC                                                                  | MOHEGN 8.25 04/15/30 144A                                    | CUSIP: 60832QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6863000 | PA      | $7130931.52   | 1.02%             | 2030-04-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| New Flyer Holdings Inc.                                                                    | NFICN 9.25 07/01/30 144A                                     | CUSIP: 64438WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4358000 | PA      | $4664665.40   | 0.67%             | 2030-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| New Home Company Inc                                                                       | NWHM 9.25 10/01/29 144A                                      | CUSIP: 645370AF4<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |   3475000 | PA      | $3648868.15   | 0.52%             | 2029-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| New Home Company Inc                                                                       | NWHM 8.5 11/01/30 144A                                       | CUSIP: 645370AG2<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |   4292000 | PA      | $4455357.81   | 0.64%             | 2030-11-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Nexstar Media Group Inc                                                                    | Nexstar Media Group Inc COM USD0.01 CL'A'                    | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     13545 | NS      | $2678388.30   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Olympus Water US Holding Corp.                                                             | SOLEIN 7.25 06/15/31 144A                                    | CUSIP: 681639AD2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   2876000 | PA      | $2915616.90   | 0.42%             | 2031-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                              | OMF 4 09/15/30                                               | CUSIP: 682691AA8<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   3984000 | PA      | $3703351.70   | 0.53%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| OneMain Financial Corporation                                                              | OMF 6.75 03/15/32                                            | CUSIP: 682691AJ9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   3280000 | PA      | $3340748.88   | 0.48%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Star Parent Inc.                                                                           | SYNH 9 10/01/30 144A                                         | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |   9577000 | PA      | $10124737.36  | 1.45%             | 2030-10-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Station Casinos LLC                                                                        | RRR 4.625 12/01/31 144A                                      | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |   9354000 | PA      | $8823767.57   | 1.26%             | 2031-12-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| StoneX Escrow Issuer LLC                                                                   | SNEX 6.875 07/15/32 144A                                     | CUSIP: 86189AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4388000 | PA      | $4516640.49   | 0.65%             | 2032-07-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Stonepeak Nile Parent LLC                                                                  | ATSG 7.25 03/15/32 144A                                      | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |   7188000 | PA      | $7569194.02   | 1.08%             | 2032-03-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Solenis                                                                                    | Solenis Term Loan B (Incremental) 325 2032-07-15             | CUSIP: 68163YAK1<br>LEI: 549300YU2GGVCBN3MY89 | Long             | LON              | CORP              | US        |    997000 | PA      | $988814.63    | 0.14%             | 2032-07-23      | Floating      | 7.59%                 | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                                                | FMCN 8 03/01/33 144A                                         | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   8916000 | PA      | $9414020.03   | 1.35%             | 2033-03-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                                                | FMCN 7.25 02/15/34 144A                                      | CUSIP: 335934AX3<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   3037000 | PA      | $3140115.26   | 0.45%             | 2034-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Garda World Security Corporation                                                           | GWCN 6 06/01/29 144A                                         | CUSIP: 36485MAL3<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |  11356000 | PA      | $11258610.94  | 1.61%             | 2029-06-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Husky Ims CDN Escrow Co-Issuer Ltd / Husky IMS U S Escrow Co-Issuer LLC                    | HUSKYI 9 02/15/29 144A                                       | CUSIP: 44805RAA3<br>LEI: 5493003ZDHRVP2N4C109 | Long             | DBT              | CORP              | CA        |   2222000 | PA      | $2322414.31   | 0.33%             | 2029-02-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| NCL Corporation Ltd.                                                                       | NCLH 6.25 09/15/33 144A                                      | CUSIP: 62886HBZ3<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   2168000 | PA      | $2179221.07   | 0.31%             | 2033-09-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                                        | US T-NOTE 5YR                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -357 | NC      | $29412.16     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                        | US T-NOTE 2YR                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       330 | NC      | $-12466.74    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                        | US T-NOTE 10YR                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -13 | NC      | $-2437.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                        | US T-BOND 30YR                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        60 | NC      | $135578.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                        | US T-BOND ULTRA                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -9 | NC      | $-30654.24    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                        | Royal Bank of Canada                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |   5376383 | PA      | $5376383.00   | 0.77%             | 2025-10-01      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| Janus Henderson Cash Collateral Fund                                                       | Janus Henderson Cash Collateral Fund                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  21505532 | NS      | $21505532.00  | 3.07%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-14

**Name of Applicant:** JANUS INVESTMENT FUND

**Signature:** JESPER NERGAARD

**Name of Signer:** JESPER NERGAARD

**Title:** VP, CFO, TREASURER, AND PRINCIPAL ACCOUNTING OFFICER