# EDGAR Filing Document

**Accession Number:** 0000061227
**File Stem:** 0000061227-25-000004
**Filing Date:** 2025-10
**Character Count:** 44071
**Document Hash:** ea54d1ba13399940344c23ce763b9073
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000061227-25-000004.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0000061227-25-000004

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**EFFECTIVENESS DATE**: 20251027

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MACKAY SHIELDS LLC
- **CENTRAL INDEX KEY:** 0000061227

**ORGANIZATION NAME:**
- **EIN:** 134080466
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-00046
- **FILM NUMBER:** 251419009

**BUSINESS ADDRESS:**
- **STREET 1:** 299 PARK AVENUE
- **STREET 2:** 32ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10171
- **BUSINESS PHONE:** 212-230-3811

**MAIL ADDRESS:**
- **STREET 1:** 299 PARK AVENUE
- **STREET 2:** 32ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10171

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MACKAY SHIELDS FINANCIAL CORP
- **DATE OF NAME CHANGE:** 19920929

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** MACKAY SHIELDS LLC<br>**Address:** 299 PARK AVENUE<br>32ND FLOOR<br>New York, NY 10171

**Form 13F File Number:** 028-00046

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Chris Fitzgerald<br>**Title:** Chief Compliance Officer<br>**Phone:** 212-230-3968

**Signature, Place, and Date of Signing:**

/s/ Chris Fitzgerald  New York, NY  10-27-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 7

**Form 13F Information Table Entry Total:** 354

**Form 13F Information Table Value Total:** $2939899446

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                                    | Form 13F File Number   |
|:---|:---|:---|
|  | NEW YORK LIFE INVESTMENT MANAGEMENT LLC | 028-06325              |
|  | FIRST TRUST ADVISORS LP                 | 028-06487              |
|  | NEW YORK LIFE INSURANCE CO              | 028-00065              |
|  | OPPENHEIMER ASSET MANAGEMENT INC.       | 028-10748              |
|  | MCMORGAN  CO LLC                        | 028-10044              |
|  | RIVERNORTH CAPITAL MANAGEMENT LLC       | 028-13256              |
|  | IndexIQ Advisors LLC                    | 028-13712              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABRDN NATL MUN INCOME FD | SH BEN INT | 24610T108 | BBG001S76Y64 | 4121391 | 401695 | SH |  | SOLE |  | 401695 | 0 | 0 |
| ADVANCED ENERGY INDS | NOTE 2.500% 9/1 | 007973AE0 |  | 53062226 | 38188000 | PRN |  | OTR | 1 | 0 | 38188000 | 0 |
| ADVANCED ENERGY INDS | NOTE 2.500% 9/1 | 007973AE0 |  | 231211 | 167000 | PRN |  | OTR | 4 | 0 | 167000 | 0 |
| ADVANCED ENERGY INDS | NOTE 2.500% 9/1 | 007973AE0 |  | 6749437 | 4875000 | PRN |  | DFND | 1 | 4875000 | 0 | 0 |
| ADVANCED ENERGY INDS | NOTE 2.500% 9/1 | 007973AE0 |  | 2701188 | 1944000 | PRN |  | SOLE |  | 1944000 | 0 | 0 |
| AEROVIRONMENT INC | NOTE 7/1 | 008073AA6 |  | 779662 | 628000 | PRN |  | SOLE |  | 628000 | 0 | 0 |
| AEROVIRONMENT INC | NOTE 7/1 | 008073AA6 |  | 11744590 | 9460000 | PRN |  | OTR | 1 | 0 | 9460000 | 0 |
| AKAMAI TECHNOLOGIES INC | NOTE 0.375% 9/0 | 00971TAL5 |  | 178865 | 187000 | PRN |  | OTR | 4 | 0 | 187000 | 0 |
| AKAMAI TECHNOLOGIES INC | NOTE 0.375% 9/0 | 00971TAL5 |  | 1473983 | 1537000 | PRN |  | SOLE |  | 1537000 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | NOTE 0.375% 9/0 | 00971TAL5 |  | 34615105 | 36095000 | PRN |  | OTR | 1 | 0 | 36095000 | 0 |
| AKAMAI TECHNOLOGIES INC | NOTE 0.375% 9/0 | 00971TAL5 |  | 5380312 | 5625000 | PRN |  | DFND | 1 | 5625000 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | NOTE 1.000% 9/1 | 02043QAB3 |  | 4207360 | 2560000 | PRN |  | DFND | 1 | 2560000 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | NOTE 1.000% 9/1 | 02043QAB3 |  | 136411 | 83000 | PRN |  | OTR | 4 | 0 | 83000 | 0 |
| ALNYLAM PHARMACEUTICALS INC | NOTE 1.000% 9/1 | 02043QAB3 |  | 2207286 | 1341000 | PRN |  | SOLE |  | 1341000 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | NOTE 1.000% 9/1 | 02043QAB3 |  | 18441784 | 11204000 | PRN |  | OTR | 1 | 0 | 11204000 | 0 |
| AMPHASTAR PHARMACEUTICALS IN | NOTE 2.000% 3/1 | 03209RAB9 |  | 2411930 | 2661000 | PRN |  | DFND | 1 | 2661000 | 0 | 0 |
| AMPHASTAR PHARMACEUTICALS IN | NOTE 2.000% 3/1 | 03209RAB9 |  | 7436092 | 8159000 | PRN |  | OTR | 1 | 0 | 8159000 | 0 |
| AMPHASTAR PHARMACEUTICALS IN | NOTE 2.000% 3/1 | 03209RAB9 |  | 77044 | 85000 | PRN |  | OTR | 4 | 0 | 85000 | 0 |
| AMPHASTAR PHARMACEUTICALS IN | NOTE 2.000% 3/1 | 03209RAB9 |  | 642535 | 705000 | PRN |  | SOLE |  | 705000 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | SER A MAND CNV | 03769M304 |  | 6194198 | 88136 | SH |  | DFND | 1 | 88136 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | SER A MAND CNV | 03769M304 |  | 2357660 | 33350 | SH |  | SOLE |  | 33350 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | SER A MAND CNV | 03769M304 |  | 42232875 | 597400 | SH |  | OTR | 1 | 0 | 597400 | 0 |
| APOLLO GLOBAL MGMT INC | SER A MAND CNV | 03769M304 |  | 208099 | 2961 | SH |  | OTR | 4 | 0 | 2961 | 0 |
| ARES MANAGEMENT CORPORATION | 6.75 SE B PFD | 03990B309 |  | 1708866 | 34150 | SH |  | SOLE |  | 34150 | 0 | 0 |
| ARES MANAGEMENT CORPORATION | 6.75 SE B PFD | 03990B309 |  | 82684 | 1664 | SH |  | OTR | 4 | 0 | 1664 | 0 |
| ARES MANAGEMENT CORPORATION | 6.75 SE B PFD | 03990B309 |  | 19783314 | 395350 | SH |  | OTR | 1 | 0 | 395350 | 0 |
| ARES MANAGEMENT CORPORATION | 6.75 SE B PFD | 03990B309 |  | 2471630 | 49741 | SH |  | DFND | 1 | 49741 | 0 | 0 |
| BANK AMERICA CORP | 7.25%CNV PFD L | 060505682 |  | 15487170 | 12072 | SH |  | OTR | 1 | 0 | 12072 | 0 |
| BANK AMERICA CORP | 7.25%CNV PFD L | 060505682 |  | 165120 | 129 | SH |  | OTR | 4 | 0 | 129 | 0 |
| BANK AMERICA CORP | 7.25%CNV PFD L | 060505682 |  | 2035962 | 1587 | SH |  | SOLE |  | 1587 | 0 | 0 |
| BANK AMERICA CORP | 7.25%CNV PFD L | 060505682 |  | 4858880 | 3796 | SH |  | DFND | 1 | 3796 | 0 | 0 |
| BENTLEY SYS INC | NOTE 0.125% 1/1 | 08265TAB5 |  | 1077908 | 1091000 | PRN |  | SOLE |  | 1091000 | 0 | 0 |
| BENTLEY SYS INC | NOTE 0.125% 1/1 | 08265TAB5 |  | 3527160 | 3570000 | PRN |  | OTR | 1 | 0 | 3570000 | 0 |
| BILL HOLDINGS INC | NOTE 12/0 | 090043AB6 |  | 73792 | 75000 | PRN |  | SOLE |  | 75000 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC | NOTE 1.250% 5/1 | 09061GAK7 |  | 1722306 | 1812000 | PRN |  | SOLE |  | 1812000 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC | NOTE 1.250% 5/1 | 09061GAK7 |  | 5233908 | 5521000 | PRN |  | DFND | 1 | 5521000 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC | NOTE 1.250% 5/1 | 09061GAK7 |  | 172536 | 182000 | PRN |  | OTR | 4 | 0 | 182000 | 0 |
| BIOMARIN PHARMACEUTICAL INC | NOTE 1.250% 5/1 | 09061GAK7 |  | 26320296 | 27691000 | PRN |  | OTR | 1 | 0 | 27691000 | 0 |
| BLACKLINE INC | NOTE 1.000% 6/0 | 09239BAF6 |  | 1040910 | 1000000 | PRN |  | SOLE |  | 1000000 | 0 | 0 |
| BLACKROCK INVT QUALITY MUN T | COM | 09247D105 | BBG001S72D73 | 1044153 | 92077 | SH |  | SOLE |  | 92077 | 0 | 0 |
| BLACKROCK MUN INCOME QUALITY | COM | 092479104 | BBG001S99KD9 | 5053173 | 461477 | SH |  | SOLE |  | 461477 | 0 | 0 |
| BLACKROCK MUN INCOME QUALITY | COM | 092479104 | BBG001S99KD9 | 198589 | 18136 | SH |  | OTR | 1 | 0 | 18136 | 0 |
| BLACKROCK MUN INCOME TR | SH BEN INT | 09248F109 | BBG001SFL2F9 | 6128349 | 609786 | SH |  | SOLE |  | 609786 | 0 | 0 |
| BLACKROCK MUN INCOME TR | SH BEN INT | 09248F109 | BBG001SFL2F9 | 2251180 | 223998 | SH |  | OTR | 1 | 0 | 223998 | 0 |
| BLACKROCK MUN TARGET TERM TR | COM SHS BEN IN | 09257P105 | BBG003BPM0W5 | 22292898 | 992560 | SH |  | SOLE |  | 992560 | 0 | 0 |
| BLACKROCK MUN TARGET TERM TR | COM SHS BEN IN | 09257P105 | BBG003BPM0W5 | 9597922 | 427334 | SH |  | OTR | 1 | 0 | 427334 | 0 |
| BLACKROCK MUNI INCOME TR II | COM | 09249N101 | BBG001SKZFD6 | 3022757 | 289259 | SH |  | SOLE |  | 289259 | 0 | 0 |
| BLACKROCK MUNI INCOME TR II | COM | 09249N101 | BBG001SKZFD6 | 780531 | 74692 | SH |  | OTR | 1 | 0 | 74692 | 0 |
| BLACKROCK MUNIHLDGS NJ QLTY | COM | 09254X101 | BBG001S5PKX7 | 4461397 | 384935 | SH |  | OTR | 1 | 0 | 384935 | 0 |
| BLACKROCK MUNIHLDGS NJ QLTY | COM | 09254X101 | BBG001S5PKX7 | 9827601 | 847938 | SH |  | SOLE |  | 847938 | 0 | 0 |
| BLACKROCK MUNIHLDGS NY QLTY | COM | 09255C106 | BBG001SB8M69 | 6020469 | 589087 | SH |  | OTR | 1 | 0 | 589087 | 0 |
| BLACKROCK MUNIHLDGS NY QLTY | COM | 09255C106 | BBG001SB8M69 | 6156344 | 602382 | SH |  | SOLE |  | 602382 | 0 | 0 |
| BLACKROCK MUNIHLDNGS CALI QL | COM | 09254L107 | BBG001SBLZS1 | 9854144 | 908216 | SH |  | SOLE |  | 908216 | 0 | 0 |
| BLACKROCK MUNIHLDNGS CALI QL | COM | 09254L107 | BBG001SBLZS1 | 793244 | 73110 | SH |  | OTR | 1 | 0 | 73110 | 0 |
| BLACKROCK MUNIHOLDINGS FD IN | COM | 09253N104 | BBG001S66J14 | 19314638 | 1643799 | SH |  | SOLE |  | 1643799 | 0 | 0 |
| BLACKROCK MUNIHOLDINGS FD IN | COM | 09253N104 | BBG001S66J14 | 6139034 | 522471 | SH |  | OTR | 1 | 0 | 522471 | 0 |
| BLACKROCK MUNIVEST FD II INC | COM | 09253T101 | BBG001S792S7 | 698157 | 65678 | SH |  | SOLE |  | 65678 | 0 | 0 |
| BLACKROCK MUNIVEST FD INC | COM | 09253R105 | BBG001S5TGK6 | 1649165 | 240403 | SH |  | OTR | 1 | 0 | 240403 | 0 |
| BLACKROCK MUNIVEST FD INC | COM | 09253R105 | BBG001S5TGK6 | 6746549 | 983462 | SH |  | SOLE |  | 983462 | 0 | 0 |
| BLACKROCK MUNIYIELD FD INC | COM | 09253W104 | BBG001S6FY66 | 5402697 | 511619 | SH |  | SOLE |  | 511619 | 0 | 0 |
| BLACKROCK MUNIYIELD FD INC | COM | 09253W104 | BBG001S6FY66 | 2117322 | 200504 | SH |  | OTR | 1 | 0 | 200504 | 0 |
| BLACKROCK MUNIYIELD MICH QU | COM | 09254V105 | BBG001S75345 | 2766657 | 245271 | SH |  | OTR | 1 | 0 | 245271 | 0 |
| BLACKROCK MUNIYIELD MICH QU | COM | 09254V105 | BBG001S75345 | 4732501 | 419548 | SH |  | SOLE |  | 419548 | 0 | 0 |
| BLACKROCK MUNIYIELD N Y QUAL | COM | 09255E102 | BBG001S6TRK0 | 6325450 | 637004 | SH |  | OTR | 1 | 0 | 637004 | 0 |
| BLACKROCK MUNIYIELD N Y QUAL | COM | 09255E102 | BBG001S6TRK0 | 5334068 | 537167 | SH |  | SOLE |  | 537167 | 0 | 0 |
| BLACKROCK MUNIYIELD QUALITY | COM | 09254G108 | BBG001S742F6 | 4400301 | 438714 | SH |  | SOLE |  | 438714 | 0 | 0 |
| BLACKROCK MUNIYIELD QUALITY | COM | 09254G108 | BBG001S742F6 | 5898553 | 588091 | SH |  | OTR | 1 | 0 | 588091 | 0 |
| BLACKROCK MUNIYILD QULT FD I | COM | 09254F100 | BBG001S6Y4Q9 | 822607 | 70610 | SH |  | SOLE |  | 70610 | 0 | 0 |
| BLACKROCK MUNIYILD QULT FD I | COM | 09254F100 | BBG001S6Y4Q9 | 3346195 | 287227 | SH |  | OTR | 1 | 0 | 287227 | 0 |
| BLACKROCK N Y MUN INCOME TRU | SH BEN INT | 09248L106 | BBG001SFL1C4 | 1173050 | 115914 | SH |  | SOLE |  | 115914 | 0 | 0 |
| BLACKROCK N Y MUN INCOME TRU | SH BEN INT | 09248L106 | BBG001SFL1C4 | 1038767 | 102645 | SH |  | OTR | 1 | 0 | 102645 | 0 |
| BOEING CO | DEP CONV PFD A | 097023204 |  | 47673196 | 685600 | SH |  | OTR | 1 | 0 | 685600 | 0 |
| BOEING CO | DEP CONV PFD A | 097023204 |  | 3344634 | 48100 | SH |  | SOLE |  | 48100 | 0 | 0 |
| BOEING CO | DEP CONV PFD A | 097023204 |  | 245026 | 3522 | SH |  | OTR | 4 | 0 | 3522 | 0 |
| BOEING CO | DEP CONV PFD A | 097023204 |  | 7288084 | 104759 | SH |  | DFND | 1 | 104759 | 0 | 0 |
| BRIDGEBIO PHARMA INC | NOTE 2.250% 2/0 | 10806XAD4 |  | 27243088 | 27567000 | PRN |  | OTR | 1 | 0 | 27567000 | 0 |
| BRIDGEBIO PHARMA INC | NOTE 2.250% 2/0 | 10806XAD4 |  | 1339079 | 1355000 | PRN |  | SOLE |  | 1355000 | 0 | 0 |
| BURLINGTON STORES INC | NOTE 1.250%12/1 | 122017AD8 |  | 26496158 | 19605000 | PRN |  | OTR | 1 | 0 | 19605000 | 0 |
| BURLINGTON STORES INC | NOTE 1.250%12/1 | 122017AD8 |  | 1292034 | 956000 | PRN |  | SOLE |  | 956000 | 0 | 0 |
| CABLE ONE INC | NOTE 1.125% 3/1 | 12685JAG0 |  | 36136040 | 42215000 | PRN |  | OTR | 1 | 0 | 42215000 | 0 |
| CABLE ONE INC | NOTE 1.125% 3/1 | 12685JAG0 |  | 21394864 | 24994000 | PRN |  | SOLE |  | 24994000 | 0 | 0 |
| CABLE ONE INC | NOTE 1.125% 3/1 | 12685JAG0 |  | 85600 | 100000 | PRN |  | OTR | 7 | 0 | 100000 | 0 |
| CABLE ONE INC | NOTE 1.125% 3/1 | 12685JAG0 |  | 98440 | 115000 | PRN |  | OTR | 5 | 0 | 115000 | 0 |
| CABLE ONE INC | NOTE 3/1 | 12685JAE5 |  | 78120 | 80000 | PRN |  | OTR | 5 | 0 | 80000 | 0 |
| CABLE ONE INC | NOTE 3/1 | 12685JAE5 |  | 13983547 | 14320000 | PRN |  | OTR | 1 | 0 | 14320000 | 0 |
| CABLE ONE INC | NOTE 3/1 | 12685JAE5 |  | 195301 | 200000 | PRN |  | OTR | 7 | 0 | 200000 | 0 |
| CABLE ONE INC | NOTE 3/1 | 12685JAE5 |  | 10131236 | 10375000 | PRN |  | SOLE |  | 10375000 | 0 | 0 |
| CHEESECAKE FACTORY INC | NOTE 0.375% 6/1 | 163072AA9 |  | 597385 | 599000 | PRN |  | SOLE |  | 599000 | 0 | 0 |
| CHEESECAKE FACTORY INC | NOTE 0.375% 6/1 | 163072AA9 |  | 5766255 | 5811000 | PRN |  | DFND | 1 | 5811000 | 0 | 0 |
| CHEESECAKE FACTORY INC | NOTE 0.375% 6/1 | 163072AA9 |  | 190522 | 192000 | PRN |  | OTR | 4 | 0 | 192000 | 0 |
| CHEESECAKE FACTORY INC | NOTE 0.375% 6/1 | 163072AA9 |  | 9183178 | 9208000 | PRN |  | OTR | 1 | 0 | 9208000 | 0 |
| CHEFS WHSE INC | NOTE 2.375%12/1 | 163086AE1 |  | 6836934 | 4738000 | PRN |  | DFND | 1 | 4738000 | 0 | 0 |
| CHEFS WHSE INC | NOTE 2.375%12/1 | 163086AE1 |  | 1507368 | 1041000 | PRN |  | SOLE |  | 1041000 | 0 | 0 |
| CHEFS WHSE INC | NOTE 2.375%12/1 | 163086AE1 |  | 26294232 | 18159000 | PRN |  | OTR | 1 | 0 | 18159000 | 0 |
| CHEFS WHSE INC | NOTE 2.375%12/1 | 163086AE1 |  | 233766 | 162000 | PRN |  | OTR | 4 | 0 | 162000 | 0 |
| CHEGG INC | NOTE 9/0 | 163092AF6 |  | 35438 | 45000 | PRN |  | SOLE |  | 45000 | 0 | 0 |
| CLOUDFLARE INC | NOTE 8/1 | 18915MAC1 |  | 231700 | 186000 | PRN |  | OTR | 4 | 0 | 186000 | 0 |
| CLOUDFLARE INC | NOTE 8/1 | 18915MAC1 |  | 7013291 | 5630000 | PRN |  | DFND | 1 | 5630000 | 0 | 0 |
| CONMED CORP | NOTE 2.250% 6/1 | 207410AH4 |  | 4563442 | 4796000 | PRN |  | DFND | 1 | 4796000 | 0 | 0 |
| CONMED CORP | NOTE 2.250% 6/1 | 207410AH4 |  | 8906604 | 9336000 | PRN |  | OTR | 1 | 0 | 9336000 | 0 |
| CONMED CORP | NOTE 2.250% 6/1 | 207410AH4 |  | 152242 | 160000 | PRN |  | OTR | 4 | 0 | 160000 | 0 |
| CONMED CORP | NOTE 2.250% 6/1 | 207410AH4 |  | 1056085 | 1107000 | PRN |  | SOLE |  | 1107000 | 0 | 0 |
| DEXCOM INC | NOTE 0.375% 5/1 | 252131AM9 |  | 187769 | 206000 | PRN |  | OTR | 4 | 0 | 206000 | 0 |
| DEXCOM INC | NOTE 0.375% 5/1 | 252131AM9 |  | 5549212 | 6088000 | PRN |  | DFND | 1 | 6088000 | 0 | 0 |
| DEXCOM INC | NOTE 0.375% 5/1 | 252131AM9 |  | 26933427 | 29508000 | PRN |  | OTR | 1 | 0 | 29508000 | 0 |
| DEXCOM INC | NOTE 0.375% 5/1 | 252131AM9 |  | 1358172 | 1488000 | PRN |  | SOLE |  | 1488000 | 0 | 0 |
| DROPBOX INC | NOTE 3/0 | 26210CAC8 |  | 185453 | 188000 | PRN |  | OTR | 4 | 0 | 188000 | 0 |
| DROPBOX INC | NOTE 3/0 | 26210CAD6 |  | 23895916 | 23099000 | PRN |  | OTR | 1 | 0 | 23099000 | 0 |
| DROPBOX INC | NOTE 3/0 | 26210CAD6 |  | 1566233 | 1514000 | PRN |  | SOLE |  | 1514000 | 0 | 0 |
| DROPBOX INC | NOTE 3/0 | 26210CAC8 |  | 5450136 | 5525000 | PRN |  | DFND | 1 | 5525000 | 0 | 0 |
| DUKE ENERGY CORP NEW | NOTE 4.125% 4/1 | 26441CBY0 |  | 537375 | 500000 | PRN |  | SOLE |  | 500000 | 0 | 0 |
| DUKE ENERGY CORP NEW | NOTE 4.125% 4/1 | 26441CBY0 |  | 5368 | 5000 | PRN |  | DFND | 1 | 5000 | 0 | 0 |
| DWS MUN INCOME TR NEW | COM | 233368109 | BBG001S63VH3 | 1199500 | 130807 | SH |  | OTR | 1 | 0 | 130807 | 0 |
| EATON VANCE MUN BD FD | COM | 27827X101 | BBG001S6S949 | 672640 | 67670 | SH |  | OTR | 1 | 0 | 67670 | 0 |
| EATON VANCE MUN BD FD | COM | 27827X101 | BBG001S6S949 | 2496371 | 251144 | SH |  | SOLE |  | 251144 | 0 | 0 |
| EATON VANCE NEW YORK MUN BD | COM | 27827Y109 | BBG001SKX9S6 | 124591 | 12636 | SH |  | OTR | 1 | 0 | 12636 | 0 |
| EATON VANCE NEW YORK MUN BD | COM | 27827Y109 | BBG001SKX9S6 | 4036043 | 409335 | SH |  | SOLE |  | 409335 | 0 | 0 |
| ETSY INC | NOTE 0.125%10/0 | 29786AAJ5 |  | 1749558 | 1683000 | PRN |  | SOLE |  | 1683000 | 0 | 0 |
| ETSY INC | NOTE 0.125%10/0 | 29786AAJ5 |  | 101508 | 98000 | PRN |  | OTR | 4 | 0 | 98000 | 0 |
| ETSY INC | NOTE 0.125%10/0 | 29786AAJ5 |  | 2975853 | 2873000 | PRN |  | DFND | 1 | 2873000 | 0 | 0 |
| ETSY INC | NOTE 0.125%10/0 | 29786AAJ5 |  | 34137684 | 32839000 | PRN |  | OTR | 1 | 0 | 32839000 | 0 |
| EXACT SCIENCES CORP | NOTE 0.375% 3/0 | 30063PAC9 |  | 120978 | 131000 | PRN |  | OTR | 4 | 0 | 131000 | 0 |
| EXACT SCIENCES CORP | NOTE 0.375% 3/0 | 30063PAC9 |  | 3549011 | 3843000 | PRN |  | DFND | 1 | 3843000 | 0 | 0 |
| EXACT SCIENCES CORP | NOTE 0.375% 3/0 | 30063PAC9 |  | 55560 | 60000 | PRN |  | SOLE |  | 60000 | 0 | 0 |
| EXPEDIA GROUP INC | NOTE 2/1 | 30212PBE4 |  | 5633010 | 5580000 | PRN |  | OTR | 1 | 0 | 5580000 | 0 |
| EXPEDIA GROUP INC | NOTE 2/1 | 30212PBE4 |  | 602672 | 597000 | PRN |  | SOLE |  | 597000 | 0 | 0 |
| EXPEDIA GROUP INC | NOTE 2/1 | 30212PBE4 |  | 6042 | 6000 | PRN |  | DFND | 1 | 6000 | 0 | 0 |
| FIVE9 INC | NOTE 1.000% 3/1 | 338307AF8 |  | 861845 | 970000 | PRN |  | SOLE |  | 970000 | 0 | 0 |
| FIVE9 INC | NOTE 1.000% 3/1 | 338307AF8 |  | 10995188 | 12375000 | PRN |  | OTR | 1 | 0 | 12375000 | 0 |
| FLUOR CORP | NOTE 1.125% 8/1 | 343412AJ1 |  | 1424422 | 1198000 | PRN |  | SOLE |  | 1198000 | 0 | 0 |
| FLUOR CORP | NOTE 1.125% 8/1 | 343412AJ1 |  | 24482699 | 20591000 | PRN |  | OTR | 1 | 0 | 20591000 | 0 |
| FLUOR CORP | NOTE 1.125% 8/1 | 343412AJ1 |  | 192213 | 162000 | PRN |  | OTR | 4 | 0 | 162000 | 0 |
| FLUOR CORP | NOTE 1.125% 8/1 | 343412AJ1 |  | 5670284 | 4779000 | PRN |  | DFND | 1 | 4779000 | 0 | 0 |
| FORD MTR CO | NOTE 3/1 | 345370CZ1 |  | 4842503 | 4778000 | PRN |  | DFND | 1 | 4778000 | 0 | 0 |
| FORD MTR CO | NOTE 3/1 | 345370CZ1 |  | 2574544 | 2534000 | PRN |  | SOLE |  | 2534000 | 0 | 0 |
| FORD MTR CO | NOTE 3/1 | 345370CZ1 |  | 23677880 | 23305000 | PRN |  | OTR | 1 | 0 | 23305000 | 0 |
| FORD MTR CO | NOTE 3/1 | 345370CZ1 |  | 161147 | 159000 | PRN |  | OTR | 4 | 0 | 159000 | 0 |
| FRESHPET INC | NOTE 3.000% 4/0 | 358039AB1 |  | 1029621 | 914000 | PRN |  | SOLE |  | 914000 | 0 | 0 |
| FRESHPET INC | NOTE 3.000% 4/0 | 358039AB1 |  | 88796 | 79000 | PRN |  | OTR | 4 | 0 | 79000 | 0 |
| FRESHPET INC | NOTE 3.000% 4/0 | 358039AB1 |  | 2668376 | 2374000 | PRN |  | DFND | 1 | 2374000 | 0 | 0 |
| FRESHPET INC | NOTE 3.000% 4/0 | 358039AB1 |  | 20507933 | 18205000 | PRN |  | OTR | 1 | 0 | 18205000 | 0 |
| GLOBAL PMTS INC | NOTE 1.500% 3/0 | 37940XAU6 |  | 1388563 | 1513000 | PRN |  | SOLE |  | 1513000 | 0 | 0 |
| GLOBAL PMTS INC | NOTE 1.500% 3/0 | 37940XAU6 |  | 22975075 | 25034000 | PRN |  | OTR | 1 | 0 | 25034000 | 0 |
| GLOBAL PMTS INC | NOTE 1.500% 3/0 | 37940XAU6 |  | 5492 | 6000 | PRN |  | DFND | 1 | 6000 | 0 | 0 |
| GREENBRIER COS INC | NOTE 2.875% 4/1 | 393657AM3 |  | 19832031 | 18463000 | PRN |  | OTR | 1 | 0 | 18463000 | 0 |
| GREENBRIER COS INC | NOTE 2.875% 4/1 | 393657AM3 |  | 797019 | 742000 | PRN |  | SOLE |  | 742000 | 0 | 0 |
| GULFPORT ENERGY CORP | COMMON SHARES | 402635502 | BBG0112Z8766 | 5781044 | 31943 | SH |  | SOLE |  | 31943 | 0 | 0 |
| GULFPORT ENERGY CORP | COMMON SHARES | 402635502 | BBG0112Z8766 | 17859106 | 98680 | SH |  | OTR | 1 | 0 | 98680 | 0 |
| GULFPORT ENERGY CORP | COMMON SHARES | 402635502 | BBG0112Z8766 | 60266 | 333 | SH |  | OTR | 5 | 0 | 333 | 0 |
| HAEMONETICS CORP MASS | NOTE 3/0 | 405024AB6 |  | 1878542 | 1912000 | PRN |  | OTR | 1 | 0 | 1912000 | 0 |
| HAEMONETICS CORP MASS | NOTE 3/0 | 405024AB6 |  | 5622580 | 5752000 | PRN |  | DFND | 1 | 5752000 | 0 | 0 |
| HAEMONETICS CORP MASS | NOTE 3/0 | 405024AB6 |  | 187680 | 192000 | PRN |  | OTR | 4 | 0 | 192000 | 0 |
| HAEMONETICS CORP MASS | NOTE 3/0 | 405024AB6 |  | 1073874 | 1093000 | PRN |  | SOLE |  | 1093000 | 0 | 0 |
| HALOZYME THERAPEUTICS INC | NOTE 0.250% 3/0 | 40637HAD1 |  | 5918906 | 5175000 | PRN |  | DFND | 1 | 5175000 | 0 | 0 |
| HALOZYME THERAPEUTICS INC | NOTE 0.250% 3/0 | 40637HAD1 |  | 200156 | 175000 | PRN |  | OTR | 4 | 0 | 175000 | 0 |
| HALOZYME THERAPEUTICS INC | NOTE 0.250% 3/0 | 40637HAD1 |  | 48970064 | 42629000 | PRN |  | OTR | 1 | 0 | 42629000 | 0 |
| HALOZYME THERAPEUTICS INC | NOTE 0.250% 3/0 | 40637HAD1 |  | 2899445 | 2524000 | PRN |  | SOLE |  | 2524000 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | 7.625 MAND CONV | 42824C208 |  | 187540 | 2762 | SH |  | OTR | 4 | 0 | 2762 | 0 |
| HEWLETT PACKARD ENTERPRISE C | 7.625 MAND CONV | 42824C208 |  | 33602140 | 492700 | SH |  | OTR | 1 | 0 | 492700 | 0 |
| HEWLETT PACKARD ENTERPRISE C | 7.625 MAND CONV | 42824C208 |  | 1848220 | 27100 | SH |  | SOLE |  | 27100 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | 7.625 MAND CONV | 42824C208 |  | 5609626 | 82616 | SH |  | DFND | 1 | 82616 | 0 | 0 |
| IMPINJ INC | NOTE 1.125% 5/1 | 453204AD1 |  | 719605 | 430000 | PRN |  | SOLE |  | 430000 | 0 | 0 |
| IMPINJ INC | NOTE 1.125% 5/1 | 453204AD1 |  | 15956823 | 9535000 | PRN |  | OTR | 1 | 0 | 9535000 | 0 |
| INTEGER HLDGS CORP | NOTE 2.125% 2/1 | 45826HAB5 |  | 164241 | 126000 | PRN |  | OTR | 4 | 0 | 126000 | 0 |
| INTEGER HLDGS CORP | NOTE 2.125% 2/1 | 45826HAB5 |  | 4940265 | 3790000 | PRN |  | DFND | 1 | 3790000 | 0 | 0 |
| INTEGER HLDGS CORP | NOTE 2.125% 2/1 | 45826HAB5 |  | 58883 | 45000 | PRN |  | SOLE |  | 45000 | 0 | 0 |
| INVESCO ADVANTAGE MUN INCOME | SH BEN INT | 46132E103 | BBG001S7GY72 | 1767550 | 201545 | SH |  | SOLE |  | 201545 | 0 | 0 |
| INVESCO ADVANTAGE MUN INCOME | SH BEN INT | 46132E103 | BBG001S7GY72 | 1783958 | 203416 | SH |  | OTR | 1 | 0 | 203416 | 0 |
| INVESCO MUN OPPORTUNITY TR | COM | 46132C107 | BBG001S72CS2 | 1230295 | 127228 | SH |  | OTR | 1 | 0 | 127228 | 0 |
| INVESCO MUN OPPORTUNITY TR | COM | 46132C107 | BBG001S72CS2 | 1745213 | 180477 | SH |  | SOLE |  | 180477 | 0 | 0 |
| INVESCO MUNICIPAL TRUST | COM | 46131J103 | BBG001S702W1 | 1465806 | 151897 | SH |  | SOLE |  | 151897 | 0 | 0 |
| INVESCO MUNICIPAL TRUST | COM | 46131J103 | BBG001S702W1 | 1671477 | 173210 | SH |  | OTR | 1 | 0 | 173210 | 0 |
| INVESCO PA VALUE MUN INC TR | COM | 46132K109 | BBG001S75GP3 | 50638 | 4902 | SH |  | OTR | 1 | 0 | 4902 | 0 |
| INVESCO PA VALUE MUN INC TR | COM | 46132K109 | BBG001S75GP3 | 98455 | 9531 | SH |  | SOLE |  | 9531 | 0 | 0 |
| INVESCO QUALITY MUN INCOME T | COM | 46133G107 | BBG001S746Q5 | 935691 | 94994 | SH |  | SOLE |  | 94994 | 0 | 0 |
| INVESCO TR INVT GRADE MUNS | COM | 46131M106 | BBG001S70Z49 | 2273165 | 224621 | SH |  | OTR | 1 | 0 | 224621 | 0 |
| INVESCO TR INVT GRADE MUNS | COM | 46131M106 | BBG001S70Z49 | 1472875 | 145541 | SH |  | SOLE |  | 145541 | 0 | 0 |
| IONIS PHARMACEUTICALS INC | NOTE 1.750% 6/1 | 462222AF7 |  | 2070124 | 1494000 | PRN |  | SOLE |  | 1494000 | 0 | 0 |
| IONIS PHARMACEUTICALS INC | NOTE 1.750% 6/1 | 462222AF7 |  | 36440552 | 26299000 | PRN |  | OTR | 1 | 0 | 26299000 | 0 |
| IONIS PHARMACEUTICALS INC | NOTE 4/0 | 462222AD2 |  | 3338667 | 2721000 | PRN |  | DFND | 1 | 2721000 | 0 | 0 |
| IONIS PHARMACEUTICALS INC | NOTE 4/0 | 462222AD2 |  | 116565 | 95000 | PRN |  | OTR | 4 | 0 | 95000 | 0 |
| IRHYTHM TECHNOLOGIES INC | NOTE 1.500% 9/0 | 450056AB2 |  | 1842426 | 1338000 | PRN |  | SOLE |  | 1338000 | 0 | 0 |
| IRHYTHM TECHNOLOGIES INC | NOTE 1.500% 9/0 | 450056AB2 |  | 40646286 | 29518000 | PRN |  | OTR | 1 | 0 | 29518000 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 | BBG001SJK6D5 | 38204250 | 525000 | SH |  | OTR | 1 | 0 | 525000 | 0 |
| JAZZ INVESTMENTS I LTD | NOTE 2.000% 6/1 | 472145AF8 |  | 13046117 | 12247000 | PRN |  | OTR | 1 | 0 | 12247000 | 0 |
| JAZZ INVESTMENTS I LTD | NOTE 2.000% 6/1 | 472145AF8 |  | 1192015 | 1119000 | PRN |  | SOLE |  | 1119000 | 0 | 0 |
| LANTHEUS HLDGS INC | NOTE 2.625%12/1 | 516544AB9 |  | 51783706 | 49119000 | PRN |  | OTR | 1 | 0 | 49119000 | 0 |
| LANTHEUS HLDGS INC | NOTE 2.625%12/1 | 516544AB9 |  | 134464 | 128000 | PRN |  | OTR | 4 | 0 | 128000 | 0 |
| LANTHEUS HLDGS INC | NOTE 2.625%12/1 | 516544AB9 |  | 2692555 | 2554000 | PRN |  | SOLE |  | 2554000 | 0 | 0 |
| LANTHEUS HLDGS INC | NOTE 2.625%12/1 | 516544AB9 |  | 4067536 | 3872000 | PRN |  | DFND | 1 | 3872000 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | NOTE 2.250% 8/1 | 531229AQ5 |  | 37227227 | 28022000 | PRN |  | OTR | 1 | 0 | 28022000 | 0 |
| LIBERTY MEDIA CORP DEL | NOTE 2.250% 8/1 | 531229AQ5 |  | 216138 | 163000 | PRN |  | OTR | 4 | 0 | 163000 | 0 |
| LIBERTY MEDIA CORP DEL | NOTE 2.250% 8/1 | 531229AQ5 |  | 6314412 | 4762000 | PRN |  | DFND | 1 | 4762000 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | NOTE 2.250% 8/1 | 531229AQ5 |  | 1974151 | 1486000 | PRN |  | SOLE |  | 1486000 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | NOTE 3.750% 3/1 | 531229AP7 |  | 1452550 | 1390000 | PRN |  | SOLE |  | 1390000 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | NOTE 3.750% 3/1 | 531229AP7 |  | 29725025 | 28445000 | PRN |  | OTR | 1 | 0 | 28445000 | 0 |
| LIVE NATION ENTERTAINMENT IN | NOTE 3.125% 1/1 | 538034BA6 |  | 259711 | 161000 | PRN |  | OTR | 4 | 0 | 161000 | 0 |
| LIVE NATION ENTERTAINMENT IN | NOTE 3.125% 1/1 | 538034BA6 |  | 61393 | 38000 | PRN |  | SOLE |  | 38000 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | NOTE 3.125% 1/1 | 538034BA6 |  | 7559033 | 4686000 | PRN |  | DFND | 1 | 4686000 | 0 | 0 |
| LUMENTUM HLDGS INC | NOTE 0.500% 6/1 | 55024UAF6 |  | 2734200 | 1960000 | PRN |  | SOLE |  | 1960000 | 0 | 0 |
| LUMENTUM HLDGS INC | NOTE 0.500% 6/1 | 55024UAF6 |  | 39736575 | 28485000 | PRN |  | OTR | 1 | 0 | 28485000 | 0 |
| LUMENTUM HLDGS INC | NOTE 0.500%12/1 | 55024UAD1 |  | 269200 | 160000 | PRN |  | OTR | 4 | 0 | 160000 | 0 |
| LUMENTUM HLDGS INC | NOTE 0.500%12/1 | 55024UAD1 |  | 7990193 | 4749000 | PRN |  | DFND | 1 | 4749000 | 0 | 0 |
| LUMENTUM HLDGS INC | NOTE 1.500%12/1 | 55024UAH2 |  | 973648 | 403000 | PRN |  | SOLE |  | 403000 | 0 | 0 |
| LUMENTUM HLDGS INC | NOTE 1.500%12/1 | 55024UAH2 |  | 20915312 | 8657000 | PRN |  | OTR | 1 | 0 | 8657000 | 0 |
| MERITAGE HOMES CORP | NOTE 1.750% 5/1 | 59001ABF8 |  | 29408876 | 28595000 | PRN |  | OTR | 1 | 0 | 28595000 | 0 |
| MERITAGE HOMES CORP | NOTE 1.750% 5/1 | 59001ABF8 |  | 5920716 | 5785000 | PRN |  | DFND | 1 | 5785000 | 0 | 0 |
| MERITAGE HOMES CORP | NOTE 1.750% 5/1 | 59001ABF8 |  | 198551 | 194000 | PRN |  | OTR | 4 | 0 | 194000 | 0 |
| MERITAGE HOMES CORP | NOTE 1.750% 5/1 | 59001ABF8 |  | 2519732 | 2450000 | PRN |  | SOLE |  | 2450000 | 0 | 0 |
| MFS MUN INCOME TR | SH BEN INT | 552738106 | BBG001S5T4C2 | 2334705 | 433155 | SH |  | SOLE |  | 433155 | 0 | 0 |
| MGP INGREDIENTS INC NEW | NOTE 1.875%11/1 | 55303JAB2 |  | 3563473 | 3738000 | PRN |  | DFND | 1 | 3738000 | 0 | 0 |
| MGP INGREDIENTS INC NEW | NOTE 1.875%11/1 | 55303JAB2 |  | 9525564 | 9940000 | PRN |  | OTR | 1 | 0 | 9940000 | 0 |
| MGP INGREDIENTS INC NEW | NOTE 1.875%11/1 | 55303JAB2 |  | 819352 | 855000 | PRN |  | SOLE |  | 855000 | 0 | 0 |
| MGP INGREDIENTS INC NEW | NOTE 1.875%11/1 | 55303JAB2 |  | 121070 | 127000 | PRN |  | OTR | 4 | 0 | 127000 | 0 |
| MICROCHIP TECHNOLOGY INC. | DEP SHS REPSTG | 595017302 |  | 28555830 | 482525 | SH |  | OTR | 1 | 0 | 482525 | 0 |
| MICROCHIP TECHNOLOGY INC. | DEP SHS REPSTG | 595017302 |  | 192556 | 3262 | SH |  | OTR | 4 | 0 | 3262 | 0 |
| MICROCHIP TECHNOLOGY INC. | DEP SHS REPSTG | 595017302 |  | 5740727 | 97251 | SH |  | DFND | 1 | 97251 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | DEP SHS REPSTG | 595017302 |  | 1546078 | 26125 | SH |  | SOLE |  | 26125 | 0 | 0 |
| MIRUM PHARMACEUTICALS INC | NOTE 4.000% 5/0 | 604749AB7 |  | 153696 | 64000 | PRN |  | OTR | 4 | 0 | 64000 | 0 |
| MIRUM PHARMACEUTICALS INC | NOTE 4.000% 5/0 | 604749AB7 |  | 55811548 | 23192000 | PRN |  | OTR | 1 | 0 | 23192000 | 0 |
| MIRUM PHARMACEUTICALS INC | NOTE 4.000% 5/0 | 604749AB7 |  | 4570055 | 1903000 | PRN |  | DFND | 1 | 1903000 | 0 | 0 |
| MIRUM PHARMACEUTICALS INC | NOTE 4.000% 5/0 | 604749AB7 |  | 2550890 | 1060000 | PRN |  | SOLE |  | 1060000 | 0 | 0 |
| MKS INC. | NOTE 1.250% 6/0 | 55306NAB0 |  | 2162075 | 1970000 | PRN |  | SOLE |  | 1970000 | 0 | 0 |
| MKS INC. | NOTE 1.250% 6/0 | 55306NAB0 |  | 35304380 | 32168000 | PRN |  | OTR | 1 | 0 | 32168000 | 0 |
| MKS INC. | NOTE 1.250% 6/0 | 55306NAB0 |  | 109500 | 100000 | PRN |  | OTR | 4 | 0 | 100000 | 0 |
| MKS INC. | NOTE 1.250% 6/0 | 55306NAB0 |  | 3226965 | 2947000 | PRN |  | DFND | 1 | 2947000 | 0 | 0 |
| NCL CORP LTD | NOTE 1.125% 2/1 | 62886HBD2 |  | 38582730 | 37605000 | PRN |  | OTR | 1 | 0 | 37605000 | 0 |
| NCL CORP LTD | NOTE 1.125% 2/1 | 62886HBD2 |  | 1750356 | 1706000 | PRN |  | SOLE |  | 1706000 | 0 | 0 |
| NEUBERGER BERMAN MUN FD INC | COM | 64124P101 | BBG001SHWP71 | 12730525 | 1233578 | SH |  | SOLE |  | 1233578 | 0 | 0 |
| NEXTERA ENERGY INC | UNIT 06/01/2027 | 65339F663 |  | 6368000 | 127692 | SH |  | DFND | 1 | 127692 | 0 | 0 |
| NEXTERA ENERGY INC | UNIT 06/01/2027 | 65339F663 |  | 15836997 | 316550 | SH |  | OTR | 1 | 0 | 316550 | 0 |
| NEXTERA ENERGY INC | UNIT 06/01/2027 | 65339F663 |  | 848009 | 16950 | SH |  | SOLE |  | 16950 | 0 | 0 |
| NEXTERA ENERGY INC | UNIT 06/01/2027 | 65339F663 |  | 213394 | 4279 | SH |  | OTR | 4 | 0 | 4279 | 0 |
| NINE ENERGY SERVICE INC | COM | 65441V101 | BBG004M28MG8 | 383 | 606 | SH |  | OTR | 5 | 0 | 606 | 0 |
| NINE ENERGY SERVICE INC | COM | 65441V101 | BBG004M28MG8 | 73134 | 115736 | SH |  | OTR | 1 | 0 | 115736 | 0 |
| NORTHERN OIL  GAS INC | NOTE 3.625% 4/1 | 665531AJ8 |  | 1262594 | 1256000 | PRN |  | SOLE |  | 1256000 | 0 | 0 |
| NORTHERN OIL  GAS INC | NOTE 3.625% 4/1 | 665531AJ8 |  | 26965831 | 26825000 | PRN |  | OTR | 1 | 0 | 26825000 | 0 |
| NORTHERN OIL  GAS INC | NOTE 3.625% 4/1 | 665531AJ8 |  | 3826731 | 3821000 | PRN |  | DFND | 1 | 3821000 | 0 | 0 |
| NORTHERN OIL  GAS INC | NOTE 3.625% 4/1 | 665531AJ8 |  | 130195 | 130000 | PRN |  | OTR | 4 | 0 | 130000 | 0 |
| NUTANIX INC | NOTE 0.250%10/0 | 67059NAH1 |  | 6303456 | 4581000 | PRN |  | DFND | 1 | 4581000 | 0 | 0 |
| NUTANIX INC | NOTE 0.250%10/0 | 67059NAH1 |  | 214656 | 156000 | PRN |  | OTR | 4 | 0 | 156000 | 0 |
| NUTANIX INC | NOTE 0.250%10/0 | 67059NAH1 |  | 2387562 | 1732000 | PRN |  | SOLE |  | 1732000 | 0 | 0 |
| NUTANIX INC | NOTE 0.250%10/0 | 67059NAH1 |  | 47146079 | 34201000 | PRN |  | OTR | 1 | 0 | 34201000 | 0 |
| NUVEEN AMT FREE MUN CR INC F | COM | 67071L106 | BBG001SHZCF8 | 4892035 | 398050 | SH |  | SOLE |  | 398050 | 0 | 0 |
| NUVEEN AMT FREE MUN CR INC F | COM | 67071L106 | BBG001SHZCF8 | 9431580 | 767419 | SH |  | OTR | 1 | 0 | 767419 | 0 |
| NUVEEN AMT FREE QLTY MUN INC | COM | 670657105 | BBG001SKQWJ3 | 14317287 | 1257005 | SH |  | SOLE |  | 1257005 | 0 | 0 |
| NUVEEN AMT FREE QLTY MUN INC | COM | 670657105 | BBG001SKQWJ3 | 6199748 | 544315 | SH |  | OTR | 1 | 0 | 544315 | 0 |
| NUVEEN CA QUALTY MUN INCOME | COM | 67066Y105 | BBG001SCTG12 | 3603249 | 313326 | SH |  | OTR | 1 | 0 | 313326 | 0 |
| NUVEEN CA QUALTY MUN INCOME | COM | 67066Y105 | BBG001SCTG12 | 2277196 | 198017 | SH |  | SOLE |  | 198017 | 0 | 0 |
| NUVEEN MUNICIPAL CREDIT INC | COM SH BEN INT | 67070X101 | BBG001S97B05 | 10709837 | 852694 | SH |  | SOLE |  | 852694 | 0 | 0 |
| NUVEEN MUNICIPAL CREDIT INC | COM SH BEN INT | 67070X101 | BBG001S97B05 | 6954836 | 553729 | SH |  | OTR | 1 | 0 | 553729 | 0 |
| NUVEEN NEW YORK AMT QLT MUNI | COM | 670656107 | BBG001S90BW7 | 1779094 | 174421 | SH |  | OTR | 1 | 0 | 174421 | 0 |
| NUVEEN NEW YORK AMT QLT MUNI | COM | 670656107 | BBG001S90BW7 | 6356783 | 623214 | SH |  | SOLE |  | 623214 | 0 | 0 |
| NUVEEN PENNSYLVANIA QLT MUN | COM | 670972108 | BBG001S6PT66 | 2799720 | 233310 | SH |  | SOLE |  | 233310 | 0 | 0 |
| NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 | BBG001SCTFM1 | 7397958 | 632845 | SH |  | SOLE |  | 632845 | 0 | 0 |
| NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 | BBG001SCTFM1 | 4971149 | 425248 | SH |  | OTR | 1 | 0 | 425248 | 0 |
| OIL STS INTL INC | NOTE 4.750% 4/0 | 678026AK1 |  | 1435434 | 1434000 | PRN |  | SOLE |  | 1434000 | 0 | 0 |
| OIL STS INTL INC | NOTE 4.750% 4/0 | 678026AK1 |  | 19906887 | 19887000 | PRN |  | OTR | 1 | 0 | 19887000 | 0 |
| ON SEMICONDUCTOR CORP | NOTE 5/0 | 682189AS4 |  | 5563682 | 4889000 | PRN |  | DFND | 1 | 4889000 | 0 | 0 |
| ON SEMICONDUCTOR CORP | NOTE 5/0 | 682189AS4 |  | 2506819 | 2198000 | PRN |  | SOLE |  | 2198000 | 0 | 0 |
| ON SEMICONDUCTOR CORP | NOTE 5/0 | 682189AS4 |  | 184356 | 162000 | PRN |  | OTR | 4 | 0 | 162000 | 0 |
| ON SEMICONDUCTOR CORP | NOTE 5/0 | 682189AS4 |  | 37328565 | 32730000 | PRN |  | OTR | 1 | 0 | 32730000 | 0 |
| OSI SYSTEMS INC | NOTE 2.250% 8/0 | 671044AF2 |  | 215975 | 149000 | PRN |  | OTR | 4 | 0 | 149000 | 0 |
| OSI SYSTEMS INC | NOTE 2.250% 8/0 | 671044AF2 |  | 2333920 | 1606000 | PRN |  | SOLE |  | 1606000 | 0 | 0 |
| OSI SYSTEMS INC | NOTE 2.250% 8/0 | 671044AF2 |  | 6316921 | 4358000 | PRN |  | DFND | 1 | 4358000 | 0 | 0 |
| OSI SYSTEMS INC | NOTE 2.250% 8/0 | 671044AF2 |  | 38399225 | 26423000 | PRN |  | OTR | 1 | 0 | 26423000 | 0 |
| PARSONS CORP DEL | NOTE 2.625% 3/0 | 70202LAD4 |  | 28544220 | 24984000 | PRN |  | OTR | 1 | 0 | 24984000 | 0 |
| PARSONS CORP DEL | NOTE 2.625% 3/0 | 70202LAD4 |  | 1662338 | 1455000 | PRN |  | SOLE |  | 1455000 | 0 | 0 |
| PARSONS CORP DEL | NOTE 2.625% 3/0 | 70202LAD4 |  | 2280 | 2000 | PRN |  | DFND | 1 | 2000 | 0 | 0 |
| PATRICK INDS INC | NOTE 1.750%12/0 | 703343AG8 |  | 6310553 | 3893000 | PRN |  | DFND | 1 | 3893000 | 0 | 0 |
| PATRICK INDS INC | NOTE 1.750%12/0 | 703343AG8 |  | 210730 | 130000 | PRN |  | OTR | 4 | 0 | 130000 | 0 |
| PATRICK INDS INC | NOTE 1.750%12/0 | 703343AG8 |  | 1479660 | 910000 | PRN |  | SOLE |  | 910000 | 0 | 0 |
| PATRICK INDS INC | NOTE 1.750%12/0 | 703343AG8 |  | 29950920 | 18420000 | PRN |  | OTR | 1 | 0 | 18420000 | 0 |
| PEBBLEBROOK HOTEL TR | NOTE 1.750%12/1 | 70509VAA8 |  | 4697831 | 4767000 | PRN |  | DFND | 1 | 4767000 | 0 | 0 |
| PEBBLEBROOK HOTEL TR | NOTE 1.750%12/1 | 70509VAA8 |  | 153736 | 156000 | PRN |  | OTR | 4 | 0 | 156000 | 0 |
| PG CORP | NOTE 4.250%12/0 | 69331CAL2 |  | 2616618 | 2581000 | PRN |  | SOLE |  | 2581000 | 0 | 0 |
| PG CORP | NOTE 4.250%12/0 | 69331CAL2 |  | 53490116 | 52762000 | PRN |  | OTR | 1 | 0 | 52762000 | 0 |
| PG CORP | NOTE 4.250%12/0 | 69331CAL2 |  | 4983686 | 4928000 | PRN |  | DFND | 1 | 4928000 | 0 | 0 |
| PG CORP | NOTE 4.250%12/0 | 69331CAL2 |  | 169898 | 168000 | PRN |  | OTR | 4 | 0 | 168000 | 0 |
| POST HLDGS INC | NOTE 2.500% 8/1 | 737446AT1 |  | 182886 | 163000 | PRN |  | OTR | 4 | 0 | 163000 | 0 |
| POST HLDGS INC | NOTE 2.500% 8/1 | 737446AT1 |  | 48549163 | 43174000 | PRN |  | OTR | 1 | 0 | 43174000 | 0 |
| POST HLDGS INC | NOTE 2.500% 8/1 | 737446AT1 |  | 5394576 | 4808000 | PRN |  | DFND | 1 | 4808000 | 0 | 0 |
| POST HLDGS INC | NOTE 2.500% 8/1 | 737446AT1 |  | 2222012 | 1976000 | PRN |  | SOLE |  | 1976000 | 0 | 0 |
| PPL CAP FDG INC | NOTE 2.875% 3/1 | 69352PAS2 |  | 3424 | 3000 | PRN |  | DFND | 1 | 3000 | 0 | 0 |
| PPL CAP FDG INC | NOTE 2.875% 3/1 | 69352PAS2 |  | 571375 | 500000 | PRN |  | SOLE |  | 500000 | 0 | 0 |
| PROGRESS SOFTWARE CORP | NOTE 3.500% 3/0 | 743312AD2 |  | 25254646 | 25048000 | PRN |  | OTR | 1 | 0 | 25048000 | 0 |
| PROGRESS SOFTWARE CORP | NOTE 3.500% 3/0 | 743312AD2 |  | 1411550 | 1400000 | PRN |  | SOLE |  | 1400000 | 0 | 0 |
| PROGRESS SOFTWARE CORP | NOTE 3.500% 3/0 | 743312AD2 |  | 81364 | 81000 | PRN |  | OTR | 4 | 0 | 81000 | 0 |
| PROGRESS SOFTWARE CORP | NOTE 3.500% 3/0 | 743312AD2 |  | 2445957 | 2435000 | PRN |  | DFND | 1 | 2435000 | 0 | 0 |
| Q2 HLDGS INC | NOTE 0.750% 6/0 | 74736LAD1 |  | 1442826 | 1388000 | PRN |  | SOLE |  | 1388000 | 0 | 0 |
| Q2 HLDGS INC | NOTE 0.750% 6/0 | 74736LAD1 |  | 25406420 | 24441000 | PRN |  | OTR | 1 | 0 | 24441000 | 0 |
| QXO INC | 5.50 DEP PFD | 82846H504 |  | 6112743 | 111161 | SH |  | DFND | 1 | 111161 | 0 | 0 |
| QXO INC | 5.50 DEP PFD | 82846H504 |  | 55996567 | 1013696 | SH |  | OTR | 1 | 0 | 1013696 | 0 |
| QXO INC | 5.50 DEP PFD | 82846H504 |  | 3176521 | 57504 | SH |  | SOLE |  | 57504 | 0 | 0 |
| QXO INC | 5.50 DEP PFD | 82846H504 |  | 204783 | 3724 | SH |  | OTR | 4 | 0 | 3724 | 0 |
| RAPID7 INC | NOTE 1.250% 3/1 | 753422AH7 |  | 448358 | 505000 | PRN |  | SOLE |  | 505000 | 0 | 0 |
| RAPID7 INC | NOTE 1.250% 3/1 | 753422AH7 |  | 11009179 | 12400000 | PRN |  | OTR | 1 | 0 | 12400000 | 0 |
| RIVIAN AUTOMOTIVE INC | NOTE 4.625% 3/1 | 76954AAB9 |  | 86982 | 84000 | PRN |  | OTR | 4 | 0 | 84000 | 0 |
| RIVIAN AUTOMOTIVE INC | NOTE 4.625% 3/1 | 76954AAB9 |  | 16070645 | 15473000 | PRN |  | OTR | 1 | 0 | 15473000 | 0 |
| RIVIAN AUTOMOTIVE INC | NOTE 4.625% 3/1 | 76954AAB9 |  | 2661235 | 2570000 | PRN |  | DFND | 1 | 2570000 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | NOTE 4.625% 3/1 | 76954AAB9 |  | 662643 | 638000 | PRN |  | SOLE |  | 638000 | 0 | 0 |
| SEAGATE HDD CAYMAN | NOTE 3.500% 6/0 | 81180WBL4 |  | 69692383 | 24183000 | PRN |  | OTR | 1 | 0 | 24183000 | 0 |
| SEAGATE HDD CAYMAN | NOTE 3.500% 6/0 | 81180WBL4 |  | 3991397 | 1385000 | PRN |  | SOLE |  | 1385000 | 0 | 0 |
| SHIFT4 PMTS INC | NOTE 0.500% 8/0 | 82452JAD1 |  | 1822218 | 1847000 | PRN |  | SOLE |  | 1847000 | 0 | 0 |
| SHIFT4 PMTS INC | NOTE 0.500% 8/0 | 82452JAD1 |  | 37539464 | 38050000 | PRN |  | OTR | 1 | 0 | 38050000 | 0 |
| SHIFT4 PMTS INC | NOTE 12/1 | 82452JAB5 |  | 4738068 | 4618000 | PRN |  | DFND | 1 | 4618000 | 0 | 0 |
| SHIFT4 PMTS INC | NOTE 12/1 | 82452JAB5 |  | 165186 | 161000 | PRN |  | OTR | 4 | 0 | 161000 | 0 |
| SNOWFLAKE INC | NOTE 10/0 | 833445AB5 |  | 37998137 | 25007000 | PRN |  | OTR | 1 | 0 | 25007000 | 0 |
| SNOWFLAKE INC | NOTE 10/0 | 833445AB5 |  | 2089313 | 1375000 | PRN |  | SOLE |  | 1375000 | 0 | 0 |
| SOUTHERN CO | NOTE 3.875%12/1 | 842587DP9 |  | 5628 | 5000 | PRN |  | DFND | 1 | 5000 | 0 | 0 |
| SOUTHERN CO | NOTE 3.875%12/1 | 842587DP9 |  | 732388 | 650000 | PRN |  | SOLE |  | 650000 | 0 | 0 |
| SOUTHERN CO | NOTE 4.500% 6/1 | 842587DZ7 |  | 6099912 | 5488000 | PRN |  | DFND | 1 | 5488000 | 0 | 0 |
| SOUTHERN CO | NOTE 4.500% 6/1 | 842587DZ7 |  | 71296 | 64000 | PRN |  | SOLE |  | 64000 | 0 | 0 |
| SOUTHERN CO | NOTE 4.500% 6/1 | 842587DZ7 |  | 204516 | 184000 | PRN |  | OTR | 4 | 0 | 184000 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 5451488 | 15336 | SH |  | OTR | 1 | 0 | 15336 | 0 |
| SPECTRUM BRANDS INC | NOTE 3.375% 6/0 | 84762LAZ8 |  | 6906131 | 7412000 | PRN |  | OTR | 1 | 0 | 7412000 | 0 |
| SPECTRUM BRANDS INC | NOTE 3.375% 6/0 | 84762LAZ8 |  | 667133 | 716000 | PRN |  | SOLE |  | 716000 | 0 | 0 |
| TALOS ENERGY INC | COM | 87484T108 | BBG00JPH4JG0 | 25860298 | 2696590 | SH |  | OTR | 1 | 0 | 2696590 | 0 |
| TALOS ENERGY INC | COM | 87484T108 | BBG00JPH4JG0 | 3794360 | 395658 | SH |  | SOLE |  | 395658 | 0 | 0 |
| TALOS ENERGY INC | COM | 87484T108 | BBG00JPH4JG0 | 59333 | 6187 | SH |  | OTR | 5 | 0 | 6187 | 0 |
| TELADOC HEALTH INC | NOTE 1.250% 6/0 | 87918AAF2 |  | 13940313 | 14846000 | PRN |  | OTR | 1 | 0 | 14846000 | 0 |
| TELADOC HEALTH INC | NOTE 1.250% 6/0 | 87918AAF2 |  | 438510 | 467000 | PRN |  | SOLE |  | 467000 | 0 | 0 |
| TETRA TECH INC NEW | DBCV 2.250% 8/1 | 88162GAB9 |  | 55718839 | 51413000 | PRN |  | OTR | 1 | 0 | 51413000 | 0 |
| TETRA TECH INC NEW | DBCV 2.250% 8/1 | 88162GAB9 |  | 3417064 | 3153000 | PRN |  | SOLE |  | 3153000 | 0 | 0 |
| TETRA TECH INC NEW | DBCV 2.250% 8/1 | 88162GAB9 |  | 4216320 | 3904000 | PRN |  | DFND | 1 | 3904000 | 0 | 0 |
| TETRA TECH INC NEW | DBCV 2.250% 8/1 | 88162GAB9 |  | 138240 | 128000 | PRN |  | OTR | 4 | 0 | 128000 | 0 |
| TURNING PT BRANDS INC | COM | 90041L105 | BBG001T99T94 | 672446 | 6802 | SH |  | OTR | 1 | 0 | 6802 | 0 |
| TYLER TEX INDPT SCH DIST | NOTE 0.250% 3/1 | 902252AB1 |  | 1326600 | 1206000 | PRN |  | SOLE |  | 1206000 | 0 | 0 |
| TYLER TEX INDPT SCH DIST | NOTE 0.250% 3/1 | 902252AB1 |  | 32355400 | 29414000 | PRN |  | OTR | 1 | 0 | 29414000 | 0 |
| TYLER TEX INDPT SCH DIST | NOTE 0.250% 3/1 | 902252AB1 |  | 1098 | 1000 | PRN |  | DFND | 1 | 1000 | 0 | 0 |
| UBER TECHNOLOGIES INC | NOTE 0.875%12/0 | 90353TAM2 |  | 236670 | 161000 | PRN |  | OTR | 4 | 0 | 161000 | 0 |
| UBER TECHNOLOGIES INC | NOTE 0.875%12/0 | 90353TAM2 |  | 6967800 | 4740000 | PRN |  | DFND | 1 | 4740000 | 0 | 0 |
| UBER TECHNOLOGIES INC | NOTE 0.875%12/0 | 90353TAM2 |  | 53170503 | 36109000 | PRN |  | OTR | 1 | 0 | 36109000 | 0 |
| UBER TECHNOLOGIES INC | NOTE 0.875%12/0 | 90353TAM2 |  | 2917023 | 1981000 | PRN |  | SOLE |  | 1981000 | 0 | 0 |
| VAIL RESORTS INC | NOTE 1/0 | 91879QAN9 |  | 5493006 | 5571000 | PRN |  | DFND | 1 | 5571000 | 0 | 0 |
| VAIL RESORTS INC | NOTE 1/0 | 91879QAN9 |  | 185368 | 188000 | PRN |  | OTR | 4 | 0 | 188000 | 0 |
| VERTEX INC | NOTE 0.750% 5/0 | 92538JAB2 |  | 17759220 | 17411000 | PRN |  | OTR | 1 | 0 | 17411000 | 0 |
| VERTEX INC | NOTE 0.750% 5/0 | 92538JAB2 |  | 930240 | 912000 | PRN |  | SOLE |  | 912000 | 0 | 0 |
| VODAFONE GROUP PLC NEW | SPONSORED ADR | 92857W308 | BBG001S6MDB8 | 4305363 | 371152 | SH |  | OTR | 1 | 0 | 371152 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 | BBG011386VG3 | 7812000 | 400000 | SH |  | OTR | 1 | 0 | 400000 | 0 |
| WEC ENERGY GROUP INC | NOTE 4.375% 6/0 | 92939UAR7 |  | 207279 | 169000 | PRN |  | OTR | 4 | 0 | 169000 | 0 |
| WEC ENERGY GROUP INC | NOTE 4.375% 6/0 | 92939UAR7 |  | 380990 | 310000 | PRN |  | SOLE |  | 310000 | 0 | 0 |
| WEC ENERGY GROUP INC | NOTE 4.375% 6/0 | 92939UAR7 |  | 6168069 | 5029000 | PRN |  | DFND | 1 | 5029000 | 0 | 0 |
| WELLS FARGO CO NEW | PERP PFD CNV A | 949746804 |  | 81463 | 66 | SH |  | OTR | 4 | 0 | 66 | 0 |
| WELLS FARGO CO NEW | PERP PFD CNV A | 949746804 |  | 2419432 | 1952 | SH |  | SOLE |  | 1952 | 0 | 0 |
| WELLS FARGO CO NEW | PERP PFD CNV A | 949746804 |  | 2263688 | 1834 | SH |  | DFND | 1 | 1834 | 0 | 0 |
| WELLS FARGO CO NEW | PERP PFD CNV A | 949746804 |  | 14318278 | 11552 | SH |  | OTR | 1 | 0 | 11552 | 0 |
| WESTERN DIGITAL CORP | NOTE 3.000%11/1 | 958102AT2 |  | 45758550 | 14255000 | PRN |  | OTR | 1 | 0 | 14255000 | 0 |
| WESTERN DIGITAL CORP | NOTE 3.000%11/1 | 958102AT2 |  | 413768 | 129000 | PRN |  | OTR | 4 | 0 | 129000 | 0 |
| WESTERN DIGITAL CORP | NOTE 3.000%11/1 | 958102AT2 |  | 12464345 | 3886000 | PRN |  | DFND | 1 | 3886000 | 0 | 0 |
| WESTERN DIGITAL CORP | NOTE 3.000%11/1 | 958102AT2 |  | 3075180 | 958000 | PRN |  | SOLE |  | 958000 | 0 | 0 |
| WORKIVA INC | NOTE 1.250% 8/1 | 98139AAD7 |  | 919538 | 930000 | PRN |  | SOLE |  | 930000 | 0 | 0 |
| WORKIVA INC | NOTE 1.250% 8/1 | 98139AAD7 |  | 15958425 | 16140000 | PRN |  | OTR | 1 | 0 | 16140000 | 0 |
| WW INTL INC | COM NEW | 98262P200 | BBG01VRS3W32 | 393191 | 14371 | SH |  | SOLE |  | 14371 | 0 | 0 |

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