# EDGAR Filing Document

**Accession Number:** 0000914036
**File Stem:** 0001410368-25-027774
**Filing Date:** 2025-11
**Character Count:** 149176
**Document Hash:** 793d6827e6d039cfb8a6636fc9d3dba5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-027774.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0001410368-25-027774

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251121

**DATE AS OF CHANGE**: 20251121

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST
- **CENTRAL INDEX KEY:** 0000914036

**ORGANIZATION NAME:**
- **EIN:** 521835648
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08090
- **FILM NUMBER:** 251504964

**BUSINESS ADDRESS:**
- **STREET 1:** 1301 SOUTH HARRISON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802
- **BUSINESS PHONE:** 260-455-2000

**MAIL ADDRESS:**
- **STREET 1:** 1301 SOUTH HARRISON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AGGRESSIVE GROWTH FUND /
- **DATE OF NAME CHANGE:** 20031001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST
- **DATE OF NAME CHANGE:** 20030910

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LINCOLN NATIONAL AGGRESSIVE GROWTH FUND INC
- **DATE OF NAME CHANGE:** 19931025

## Series and Classes Contracts Data

### LVIP Macquarie High Yield Fund (Series ID: S000070166)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000223152 | Standard Class |  |
| C000223153 | Service Class  |  |

## Nport-Ex

**LVIP Macquarie High Yield Fund**

**Schedule of Investments**

September 30, 2025 (unaudited)

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

---

| | | |
|:---|:---|:---|
|  | **Principal** <br>**Amount°**<br>| **Value** <br>**(U.S. $)**<br>|
| **CORPORATE BONDS–87.45%** | **CORPORATE BONDS–87.45%** | **CORPORATE BONDS–87.45%** |
| **Advertising–1.34%** | **Advertising–1.34%** | **Advertising–1.34%** |
| &nbsp;&nbsp; Clear Channel Outdoor <br> Holdings, Inc. 7.50% 3/15/33<br>| 430000 | $449595 |
| &nbsp;&nbsp; CMG Media Corp. 8.88% <br> 6/18/29<br>| 920000 | 844946 |
| &nbsp;&nbsp; Stagwell Global LLC 5.63% <br> 8/15/29<br>| 865000 | 840277 |
|  |  | **2134818** |
| **Aerospace & Defense–1.99%** | **Aerospace & Defense–1.99%** | **Aerospace & Defense–1.99%** |
| Bombardier, Inc. |  |  |
| &nbsp;&nbsp; 7.00% 6/1/32 | 65000 | 67937 |
| &nbsp;&nbsp; 7.25% 7/1/31 | 395000 | 418713 |
| &nbsp;&nbsp; 8.75% 11/15/30 | 695000 | 749482 |
| &nbsp;&nbsp; Goat Holdco LLC 6.75% <br> 2/1/32<br>| 385000 | 394625 |
| TransDigm, Inc. |  |  |
| &nbsp;&nbsp; 6.63% 3/1/32 | 180000 | 185318 |
| &nbsp;&nbsp; 6.88% 12/15/30 | 1320000 | 1367698 |
|  |  | **3183773** |
| **Auto Parts & Equipment–3.16%** | **Auto Parts & Equipment–3.16%** | **Auto Parts & Equipment–3.16%** |
| &nbsp;&nbsp; American Axle & <br> Manufacturing, Inc. 6.38% <br> 10/15/32<br>| 560000 | 559054 |
| &nbsp;&nbsp; Clarios Global LP/Clarios <br> U.S. Finance Co.<br>|  |  |
| &nbsp;&nbsp; 6.75% 2/15/30 | 622000 | 642532 |
| &nbsp;&nbsp; 6.75% 9/15/32 | 555000 | 567299 |
| &nbsp;&nbsp; Garrett Motion Holdings, <br> Inc./Garrett LX I SARL <br> 7.75% 5/31/32<br>| 1235000 | 1295519 |
| &nbsp;&nbsp; Goodyear Tire & Rubber Co. <br> 5.25% 7/15/31<br>| 830000 | 779666 |
| Phinia, Inc. 6.63% 10/15/32 | 410000 | 422560 |
| &nbsp;&nbsp; ZF North America Capital, <br> Inc. 6.75% 4/23/30<br>| 795000 | 775824 |
|  |  | **5042454** |
| **Banks–4.13%** | **Banks–4.13%** | **Banks–4.13%** |
| &nbsp;&nbsp; μBanco Santander SA 8.00% <br> 2/1/34<br>| 1200000 | 1319611 |
| &nbsp;&nbsp; μBank of Montreal 7.70% <br> 5/26/84<br>| 585000 | 619930 |
| μBarclays PLC 7.63% 3/15/35 | 1255000 | 1329903 |
| &nbsp;&nbsp; μNordea Bank Abp 6.75% <br> 11/10/33<br>| 795000 | 806523 |
| &nbsp;&nbsp; μRoyal Bank of Canada 6.50% <br> 11/24/85<br>| 800000 | 792258 |
| &nbsp;&nbsp; μToronto-Dominion Bank <br> 6.35% 10/31/85<br>| 800000 | 802000 |
| μUBS Group AG |  |  |
| &nbsp;&nbsp; 6.85% 9/10/29 | 200000 | 206237 |
| &nbsp;&nbsp; 7.13% 8/10/34 | 700000 | 720269 |
|  |  | **6596731** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** |
| **Building Materials–1.61%** | **Building Materials–1.61%** | **Building Materials–1.61%** |
| &nbsp;&nbsp; AmeriTex HoldCo <br> Intermediate LLC 7.63% <br> 8/15/33<br>| 395000 | $411111 |
| &nbsp;&nbsp; Quikrete Holdings, Inc. 6.75% <br> 3/1/33<br>| 835000 | 868144 |
| &nbsp;&nbsp; Standard Building Solutions, <br> Inc. 6.50% 8/15/32<br>| 835000 | 856728 |
| &nbsp;&nbsp; Standard Industries, Inc. <br> 3.38% 1/15/31<br>| 475000 | 430145 |
|  |  | **2566128** |
| **Chemicals–2.47%** | **Chemicals–2.47%** | **Chemicals–2.47%** |
| Celanese U.S. Holdings LLC |  |  |
| &nbsp;&nbsp; 6.50% 4/15/30 | 63000 | 63412 |
| &nbsp;&nbsp; 6.75% 4/15/33 | 519000 | 516810 |
| &nbsp;&nbsp; Cerdia Finanz GmbH 9.38% <br> 10/3/31<br>| 845000 | 894644 |
| Olin Corp. 6.63% 4/1/33 | 620000 | 623198 |
| &nbsp;&nbsp; Olympus Water U.S. Holding <br> Corp.<br>|  |  |
| &nbsp;&nbsp; 7.25% 6/15/31 | 200000 | 202755 |
| &nbsp;&nbsp; 7.25% 2/15/33 | 825000 | 825859 |
| &nbsp;&nbsp; 9.75% 11/15/28 | 775000 | 813363 |
|  |  | **3940041** |
| **Commercial Services–5.51%** | **Commercial Services–5.51%** | **Commercial Services–5.51%** |
| &nbsp;&nbsp; ADT Security Corp. 4.13% <br> 8/1/29<br>| 970000 | 938006 |
| &nbsp;&nbsp; Albion Financing 1 <br> SARL/Aggreko Holdings, <br> Inc. 7.00% 5/21/30<br>| 385000 | 398205 |
| &nbsp;&nbsp; AMN Healthcare, Inc. 6.50% <br> 1/15/31<br>| 564000 | 565743 |
| &nbsp;&nbsp; Avis Budget Car <br> Rental LLC/Avis Budget <br> Finance, Inc.<br>|  |  |
| &nbsp;&nbsp; 5.75% 7/15/27 | 104000 | 103837 |
| &nbsp;&nbsp; 5.75% 7/15/27 | 95000 | 94514 |
| Block, Inc. 6.00% 8/15/33 | 795000 | 814112 |
| Cimpress PLC 7.38% 9/15/32 | 585000 | 582961 |
| Herc Holdings, Inc. |  |  |
| &nbsp;&nbsp; 7.00% 6/15/30 | 255000 | 264875 |
| &nbsp;&nbsp; 7.25% 6/15/33 | 175000 | 182683 |
| &nbsp;&nbsp; ION Platform Finance U.S., <br> Inc. 7.88% 9/30/32<br>| 200000 | 198686 |
| &nbsp;&nbsp; Prime Security Services <br> Borrower LLC/Prime <br> Finance, Inc. 5.75% 4/15/26<br>| 120000 | 120491 |
| &nbsp;&nbsp; Raven Acquisition <br> Holdings LLC 6.88% <br> 11/15/31<br>| 755000 | 775889 |
| &nbsp;&nbsp; Shift4 Payments LLC/Shift4 <br> Payments Finance Sub, Inc. <br> 6.75% 8/15/32<br>| 1190000 | 1230330 |
| &nbsp;&nbsp; United Rentals North <br> America, Inc. 3.88% 2/15/31<br>| 895000 | 846688 |

---

*LVIP Macquarie High Yield Fund–1*

------

**LVIP Macquarie High Yield Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| &nbsp;&nbsp; Wand NewCo 3, Inc. 7.63% <br> 1/30/32<br>| 788000 | $830253 |
| &nbsp;&nbsp; Williams Scotsman, Inc. <br> 6.63% 4/15/30<br>| 820000 | 843997 |
|  |  | **8791270** |
| **Computers–1.64%** | **Computers–1.64%** | **Computers–1.64%** |
| &nbsp;&nbsp; Amentum Holdings, Inc. <br> 7.25% 8/1/32<br>| 1070000 | 1111052 |
| &nbsp;&nbsp; CACI International, Inc. <br> 6.38% 6/15/33<br>| 1034000 | 1066623 |
| &nbsp;&nbsp; Seagate Data Storage <br> Technology Pte. Ltd. 5.75% <br> 12/1/34<br>| 450000 | 448551 |
|  |  | **2626226** |
| **Cosmetics & Personal Care–0.46%** | **Cosmetics & Personal Care–0.46%** | **Cosmetics & Personal Care–0.46%** |
| &nbsp;&nbsp; Opal Bidco SAS 6.50% <br> 3/31/32<br>| 725000 | 742941 |
|  |  | **742941** |
| **Distribution/Wholesale–0.45%** | **Distribution/Wholesale–0.45%** | **Distribution/Wholesale–0.45%** |
| &nbsp;&nbsp; Resideo Funding, Inc. 6.50% <br> 7/15/32<br>| 705000 | 722558 |
|  |  | **722558** |
| **Diversified Financial Services–4.45%** | **Diversified Financial Services–4.45%** | **Diversified Financial Services–4.45%** |
| μAir Lease Corp. 4.65% 6/15/26 | 905000 | 893092 |
| &nbsp;&nbsp; Azorra Finance Ltd. 7.75% <br> 4/15/30<br>| 860000 | 905054 |
| &nbsp;&nbsp; CrossCountry Intermediate <br> HoldCo LLC 6.50% 10/1/30<br>| 805000 | 807962 |
| &nbsp;&nbsp; Focus Financial Partners LLC <br> 6.75% 9/15/31<br>| 810000 | 829536 |
| &nbsp;&nbsp; Jefferies Finance LLC/JFIN <br> Co-Issuer Corp.<br>|  |  |
| &nbsp;&nbsp; 5.00% 8/15/28 | 440000 | 425121 |
| &nbsp;&nbsp; 6.63% 10/15/31 | 800000 | 805327 |
| OneMain Finance Corp. |  |  |
| &nbsp;&nbsp; 6.63% 5/15/29 | 581000 | 597193 |
| &nbsp;&nbsp; 7.13% 9/15/32 | 192000 | 198343 |
| &nbsp;&nbsp; PennyMac Financial Services, <br> Inc.<br>|  |  |
| &nbsp;&nbsp; 6.88% 5/15/32 | 395000 | 409298 |
| &nbsp;&nbsp; 6.88% 2/15/33 | 590000 | 609533 |
| &nbsp;&nbsp; Rocket Cos., Inc. 6.38% <br> 8/1/33<br>| 78000 | 80505 |
| &nbsp;&nbsp; UWM Holdings LLC 6.25% <br> 3/15/31<br>| 546000 | 543400 |
|  |  | **7104364** |
| **Electric–3.30%** | **Electric–3.30%** | **Electric–3.30%** |
| &nbsp;&nbsp; California Buyer <br> Ltd./Atlantica Sustainable <br> Infrastructure PLC 6.38% <br> 2/15/32<br>| 568000 | 582161 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| &nbsp;&nbsp; Hawaiian Electric Co., Inc. <br> 6.00% 10/1/33<br>| 479000 | $483164 |
| &nbsp;&nbsp; Lightning Power LLC 7.25% <br> 8/15/32<br>| 1010000 | 1069303 |
| &nbsp;&nbsp; NRG Energy, Inc. 6.00% <br> 1/15/36<br>| 850000 | 850122 |
| μVistra Corp. |  |  |
| &nbsp;&nbsp; 7.00% 12/15/26 | 795000 | 807140 |
| &nbsp;&nbsp; 8.00% 10/15/26 | 760000 | 777372 |
| &nbsp;&nbsp; Vistra Operations Co. LLC <br> 6.95% 10/15/33<br>| 625000 | 697087 |
|  |  | **5266349** |
| **Electronics–0.62%** | **Electronics–0.62%** | **Electronics–0.62%** |
| &nbsp;&nbsp; Sensata Technologies BV <br> 4.00% 4/15/29<br>| 1030000 | 988463 |
|  |  | **988463** |
| **Engineering & Construction–0.53%** | **Engineering & Construction–0.53%** | **Engineering & Construction–0.53%** |
| Arcosa, Inc. 6.88% 8/15/32 | 805000 | 840817 |
|  |  | **840817** |
| **Entertainment–1.52%** | **Entertainment–1.52%** | **Entertainment–1.52%** |
| Caesars Entertainment, Inc. |  |  |
| &nbsp;&nbsp; 6.00% 10/15/32 | 845000 | 832291 |
| &nbsp;&nbsp; 6.50% 2/15/32 | 390000 | 397795 |
| &nbsp;&nbsp; 7.00% 2/15/30 | 560000 | 576020 |
| &nbsp;&nbsp; Six Flags Entertainment <br> Corp./Six Flags Theme <br> Parks, Inc./Canada's <br> Wonderland Co. 6.63% <br> 5/1/32<br>| 605000 | 616382 |
|  |  | **2422488** |
| **Environmental Control–0.26%** | **Environmental Control–0.26%** | **Environmental Control–0.26%** |
| &nbsp;&nbsp; Waste Pro USA, Inc. 7.00% <br> 2/1/33<br>| 405000 | 419498 |
|  |  | **419498** |
| **Food–0.52%** | **Food–0.52%** | **Food–0.52%** |
| Fiesta Purchaser, Inc. |  |  |
| &nbsp;&nbsp; 7.88% 3/1/31 | 398000 | 420022 |
| &nbsp;&nbsp; 9.63% 9/15/32 | 385000 | 415643 |
|  |  | **835665** |
| **Forest Products & Paper–0.58%** | **Forest Products & Paper–0.58%** | **Forest Products & Paper–0.58%** |
| &nbsp;&nbsp; Magnera Corp. 7.25% <br> 11/15/31<br>| 980000 | 922160 |
|  |  | **922160** |
| **Health Care Products–0.53%** | **Health Care Products–0.53%** | **Health Care Products–0.53%** |
| &nbsp;&nbsp; Avantor Funding, Inc. 3.88% <br> 11/1/29<br>| 885000 | 841604 |
|  |  | **841604** |

---

*LVIP Macquarie High Yield Fund–2*

------

**LVIP Macquarie High Yield Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** |
| **Health Care Services–3.15%** | **Health Care Services–3.15%** | **Health Care Services–3.15%** |
| &nbsp;&nbsp; Acadia Healthcare Co., Inc. <br> 7.38% 3/15/33<br>| 830000 | $861697 |
| &nbsp;&nbsp; CHS/Community Health <br> Systems, Inc.<br>|  |  |
| &nbsp;&nbsp; 4.75% 2/15/31 | 955000 | 825834 |
| &nbsp;&nbsp; 6.13% 4/1/30 | 200000 | 145067 |
| &nbsp;&nbsp; 6.88% 4/15/29 | 200000 | 159000 |
| &nbsp;&nbsp; 9.75% 1/15/34 | 580000 | 594210 |
| DaVita, Inc. |  |  |
| &nbsp;&nbsp; 3.75% 2/15/31 | 490000 | 448790 |
| &nbsp;&nbsp; 4.63% 6/1/30 | 480000 | 460027 |
| &nbsp;&nbsp; Global Medical Response, <br> Inc. 7.38% 10/1/32<br>| 674000 | 693755 |
| &nbsp;&nbsp; Surgery Center Holdings, Inc. <br> 7.25% 4/15/32<br>| 825000 | 847478 |
|  |  | **5035858** |
| **Home Builders–0.64%** | **Home Builders–0.64%** | **Home Builders–0.64%** |
| &nbsp;&nbsp; Forestar Group, Inc. 6.50% <br> 3/15/33<br>| 405000 | 414316 |
| &nbsp;&nbsp; K Hovnanian Enterprises, Inc. <br> 8.00% 4/1/31<br>| 596000 | 611158 |
|  |  | **1025474** |
| **Insurance–3.17%** | **Insurance–3.17%** | **Insurance–3.17%** |
| &nbsp;&nbsp; Acrisure LLC/Acrisure <br> Finance, Inc. 6.75% 7/1/32<br>| 770000 | 792857 |
| &nbsp;&nbsp; Amynta Agency Borrower, <br> Inc. & Amynta Warranty <br> Borrower, Inc. 7.50% <br> 7/15/33<br>| 593000 | 607022 |
| &nbsp;&nbsp; Ardonagh Finco Ltd. 7.75% <br> 2/15/31<br>| 945000 | 988838 |
| &nbsp;&nbsp; Howden U.K. Refinance <br> PLC/Howden U.K. Refinance <br> 2 PLC/Howden <br> U.S. Refinance LLC<br>|  |  |
| &nbsp;&nbsp; 7.25% 2/15/31 | 525000 | 540525 |
| &nbsp;&nbsp; 8.13% 2/15/32 | 480000 | 497999 |
| &nbsp;&nbsp; HUB International Ltd. 7.38% <br> 1/31/32<br>| 410000 | 426949 |
| &nbsp;&nbsp; Jones Deslauriers Insurance <br> Management, Inc.<br>|  |  |
| &nbsp;&nbsp; 6.88% 10/1/33 | 775000 | 770937 |
| &nbsp;&nbsp; 8.50% 3/15/30 | 412000 | 432851 |
|  |  | **5057978** |
| **Internet–0.84%** | **Internet–0.84%** | **Internet–0.84%** |
| &nbsp;&nbsp; Arches Buyer, Inc. 6.13% <br> 12/1/28<br>| 490000 | 480341 |
| Snap, Inc. 6.88% 3/1/33 | 835000 | 853452 |
|  |  | **1333793** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** |
| **Iron & Steel–0.71%** | **Iron & Steel–0.71%** | **Iron & Steel–0.71%** |
| &nbsp;&nbsp; Cleveland-Cliffs, Inc. 7.00% <br> 3/15/32<br>| 1130000 | $1141261 |
|  |  | **1141261** |
| **Leisure Time–2.53%** | **Leisure Time–2.53%** | **Leisure Time–2.53%** |
| Carnival Corp. |  |  |
| &nbsp;&nbsp; 6.00% 5/1/29 | 895000 | 908359 |
| &nbsp;&nbsp; 6.13% 2/15/33 | 609000 | 624247 |
| &nbsp;&nbsp; Life Time, Inc. 6.00% <br> 11/15/31<br>| 835000 | 848330 |
| &nbsp;&nbsp; Lindblad Expeditions LLC <br> 7.00% 9/15/30<br>| 392000 | 399561 |
| &nbsp;&nbsp; Royal Caribbean Cruises Ltd. <br> 5.50% 4/1/28<br>| 1239000 | 1263114 |
|  |  | **4043611** |
| **Lodging–0.54%** | **Lodging–0.54%** | **Lodging–0.54%** |
| &nbsp;&nbsp; Boyd Gaming Corp. 4.75% <br> 6/15/31<br>| 895000 | 862786 |
|  |  | **862786** |
| **Machinery Construction & Mining–1.04%** | **Machinery Construction & Mining–1.04%** | **Machinery Construction & Mining–1.04%** |
| &nbsp;&nbsp; Manitowoc Co., Inc. 9.25% <br> 10/1/31<br>| 815000 | 855108 |
| Terex Corp. 6.25% 10/15/32 | 795000 | 809864 |
|  |  | **1664972** |
| **Machinery Diversified–0.50%** | **Machinery Diversified–0.50%** | **Machinery Diversified–0.50%** |
| Esab Corp. 6.25% 4/15/29 | 770000 | 791023 |
|  |  | **791023** |
| **Media–6.79%** | **Media–6.79%** | **Media–6.79%** |
| &nbsp;&nbsp; CCO Holdings LLC/CCO <br> Holdings Capital Corp.<br>|  |  |
| &nbsp;&nbsp; 4.50% 8/15/30 | 1215000 | 1147464 |
| &nbsp;&nbsp; 4.50% 5/1/32 | 230000 | 209315 |
| &nbsp;&nbsp; 5.38% 6/1/29 | 765000 | 759899 |
| &nbsp;&nbsp; 6.38% 9/1/29 | 830000 | 841401 |
| CSC Holdings LLC |  |  |
| &nbsp;&nbsp; 4.50% 11/15/31 | 625000 | 406422 |
| &nbsp;&nbsp; 5.00% 11/15/31 | 655000 | 229250 |
| Gray Media, Inc. |  |  |
| &nbsp;&nbsp; 5.38% 11/15/31 | 1670000 | 1254400 |
| &nbsp;&nbsp; 7.25% 8/15/33 | 340000 | 336924 |
| &nbsp;&nbsp; McGraw-Hill Education, Inc. <br> 7.38% 9/1/31<br>| 989000 | 1027521 |
| &nbsp;&nbsp; Midcontinent <br> Communications 8.00% <br> 8/15/32<br>| 790000 | 813939 |
| &nbsp;&nbsp; Nexstar Media, Inc. 4.75% <br> 11/1/28<br>| 640000 | 624667 |
| Sirius XM Radio LLC |  |  |
| &nbsp;&nbsp; 4.00% 7/15/28 | 920000 | 888972 |
| &nbsp;&nbsp; 4.13% 7/1/30 | 955000 | 895704 |

---

*LVIP Macquarie High Yield Fund–3*

------

**LVIP Macquarie High Yield Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| &nbsp;&nbsp; Univision Communications, <br> Inc. 7.38% 6/30/30<br>| 865000 | $869139 |
| &nbsp;&nbsp; VZ Secured Financing BV <br> 5.00% 1/15/32<br>| 595000 | 538307 |
|  |  | **10843324** |
| **Mining–4.27%** | **Mining–4.27%** | **Mining–4.27%** |
| &nbsp;&nbsp; Alumina Pty. Ltd. 6.13% <br> 3/15/30<br>| 580000 | 593164 |
| &nbsp;&nbsp; Arsenal AIC Parent LLC <br> 8.00% 10/1/30<br>| 1140000 | 1207028 |
| &nbsp;&nbsp; Capstone Copper Corp. 6.75% <br> 3/31/33<br>| 1037000 | 1068140 |
| Constellium SE 6.38% 8/15/32 | 1250000 | 1277749 |
| &nbsp;&nbsp; Fortescue Treasury Pty. Ltd. <br> 5.88% 4/15/30<br>| 685000 | 702039 |
| Novelis Corp. |  |  |
| &nbsp;&nbsp; 3.88% 8/15/31 | 195000 | 177779 |
| &nbsp;&nbsp; 4.75% 1/30/30 | 1850000 | 1784636 |
|  |  | **6810535** |
| **Miscellaneous Manufacturing–0.95%** | **Miscellaneous Manufacturing–0.95%** | **Miscellaneous Manufacturing–0.95%** |
| &nbsp;&nbsp; Amsted Industries, Inc. 6.38% <br> 3/15/33<br>| 585000 | 600432 |
| Enpro, Inc. 6.13% 6/1/33 | 890000 | 909619 |
|  |  | **1510051** |
| **Office Business Equipment–0.15%** | **Office Business Equipment–0.15%** | **Office Business Equipment–0.15%** |
| &nbsp;&nbsp; Zebra Technologies Corp. <br> 6.50% 6/1/32<br>| 235000 | 241363 |
|  |  | **241363** |
| **Oil & Gas–4.91%** | **Oil & Gas–4.91%** | **Oil & Gas–4.91%** |
| &nbsp;&nbsp; Civitas Resources, Inc. 8.63% <br> 11/1/30<br>| 765000 | 792283 |
| &nbsp;&nbsp; Crescent Energy Finance LLC <br> 8.38% 1/15/34<br>| 354000 | 358672 |
| &nbsp;&nbsp; Gulfport Energy Operating <br> Corp. 6.75% 9/1/29<br>| 840000 | 862003 |
| &nbsp;&nbsp; Hilcorp Energy I LP/Hilcorp <br> Finance Co.<br>|  |  |
| &nbsp;&nbsp; 6.00% 4/15/30 | 1080000 | 1061367 |
| &nbsp;&nbsp; 6.00% 2/1/31 | 469000 | 451675 |
| &nbsp;&nbsp; 6.25% 4/15/32 | 128000 | 122797 |
| &nbsp;&nbsp; Matador Resources Co. 6.25% <br> 4/15/33<br>| 590000 | 592772 |
| &nbsp;&nbsp; Murphy Oil Corp. 6.00% <br> 10/1/32<br>| 322000 | 317692 |
| Nabors Industries, Inc. |  |  |
| &nbsp;&nbsp; 8.88% 8/15/31 | 157000 | 146216 |
| &nbsp;&nbsp; 9.13% 1/31/30 | 282000 | 293280 |
| &nbsp;&nbsp; Noble Finance II LLC 8.00% <br> 4/15/30<br>| 625000 | 646912 |
| &nbsp;&nbsp; Permian Resources <br> Operating LLC 7.00% <br> 1/15/32<br>| 535000 | 554869 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| SM Energy Co. 6.75% 8/1/29 | 290000 | $291390 |
| Sunoco LP 7.25% 5/1/32 | 460000 | 482761 |
| Transocean International Ltd. |  |  |
| &nbsp;&nbsp; 7.88% 10/15/32 | 205000 | 205000 |
| &nbsp;&nbsp; 8.00% 2/1/27 | 478000 | 477335 |
| &nbsp;&nbsp; 8.50% 5/15/31 | 180000 | 176406 |
|  |  | **7833430** |
| **Oil & Gas Services–2.36%** | **Oil & Gas Services–2.36%** | **Oil & Gas Services–2.36%** |
| &nbsp;&nbsp; Archrock <br> Partners LP/Archrock <br> Partners Finance Corp. <br> 6.63% 9/1/32<br>| 820000 | 841141 |
| &nbsp;&nbsp; Aris Water Holdings LLC <br> 7.25% 4/1/30<br>| 560000 | 591200 |
| &nbsp;&nbsp; USA Compression <br> Partners LP/USA <br> Compression Finance Corp.<br>|  |  |
| &nbsp;&nbsp; 6.25% 10/1/33 | 778000 | 780976 |
| &nbsp;&nbsp; 6.88% 9/1/27 | 475000 | 474893 |
| &nbsp;&nbsp; 7.13% 3/15/29 | 320000 | 330024 |
| &nbsp;&nbsp; Weatherford International <br> Ltd. 8.63% 4/30/30<br>| 730000 | 746243 |
|  |  | **3764477** |
| **Packaging & Containers–2.17%** | **Packaging & Containers–2.17%** | **Packaging & Containers–2.17%** |
| &nbsp;&nbsp; Ardagh Metal Packaging <br> Finance USA LLC/Ardagh <br> Metal Packaging Finance <br> PLC 4.00% 9/1/29<br>| 485000 | 448875 |
| &nbsp;&nbsp; Clydesdale Acquisition <br> Holdings, Inc. 8.75% 4/15/30<br>| 500000 | 513621 |
| &nbsp;&nbsp; Mauser Packaging Solutions <br> Holding Co.<br>|  |  |
| &nbsp;&nbsp; 7.88% 4/15/27 | 560000 | 565490 |
| &nbsp;&nbsp; 9.25% 4/15/27 | 395000 | 395904 |
| &nbsp;&nbsp; Sealed Air Corp. 6.50% <br> 7/15/32<br>| 300000 | 310713 |
| &nbsp;&nbsp; Sealed Air Corp./Sealed Air <br> Corp. U.S. 7.25% 2/15/31<br>| 200000 | 209864 |
| &nbsp;&nbsp; Trivium Packaging Finance <br> BV<br>|  |  |
| &nbsp;&nbsp; 8.25% 7/15/30 | 590000 | 629379 |
| &nbsp;&nbsp; 12.25% 1/15/31 | 357000 | 386396 |
|  |  | **3460242** |
| **Pharmaceuticals–1.14%** | **Pharmaceuticals–1.14%** | **Pharmaceuticals–1.14%** |
| &nbsp;&nbsp; Cheplapharm Arzneimittel <br> GmbH 5.50% 1/15/28<br>| 413000 | 402367 |
| Grifols SA 4.75% 10/15/28 | 610000 | 592531 |
| &nbsp;&nbsp; Organon & Co./Organon <br> Foreign Debt Co-Issuer BV <br> 5.13% 4/30/31<br>| 945000 | 827866 |
|  |  | **1822764** |

---

*LVIP Macquarie High Yield Fund–4*

------

**LVIP Macquarie High Yield Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** |
| **Pipelines–3.39%** | **Pipelines–3.39%** | **Pipelines–3.39%** |
| &nbsp;&nbsp; Genesis Energy LP/Genesis <br> Energy Finance Corp.<br>|  |  |
| &nbsp;&nbsp; 7.75% 2/1/28 | 405000 | $407853 |
| &nbsp;&nbsp; 7.88% 5/15/32 | 195000 | 203376 |
| &nbsp;&nbsp; NGL Energy <br> Operating LLC/NGL Energy <br> Finance Corp. 8.38% 2/15/32<br>| 790000 | 809470 |
| NuStar Logistics LP |  |  |
| &nbsp;&nbsp; 6.00% 6/1/26 | 642000 | 644333 |
| &nbsp;&nbsp; 6.38% 10/1/30 | 586000 | 606858 |
| &nbsp;&nbsp; Rockies Express Pipeline LLC <br> 6.75% 3/15/33<br>| 618000 | 645078 |
| Venture Global LNG, Inc. |  |  |
| &nbsp;&nbsp; 7.00% 1/15/30 | 405000 | 419080 |
| &nbsp;&nbsp; 8.38% 6/1/31 | 780000 | 818977 |
| &nbsp;&nbsp; Venture Global Plaquemines <br> LNG LLC 7.50% 5/1/33<br>| 780000 | 861908 |
|  |  | **5416933** |
| **Real Estate Investment Trusts–1.05%** | **Real Estate Investment Trusts–1.05%** | **Real Estate Investment Trusts–1.05%** |
| &nbsp;&nbsp; Millrose Properties, Inc. <br> 6.38% 8/1/30<br>| 594000 | 604092 |
| &nbsp;&nbsp; RHP Hotel <br> Properties LP/RHP Finance <br> Corp. 6.50% 6/15/33<br>| 775000 | 798165 |
| &nbsp;&nbsp; Starwood Property Trust, Inc. <br> 6.50% 7/1/30<br>| 261000 | 269963 |
|  |  | **1672220** |
| **Retail–3.58%** | **Retail–3.58%** | **Retail–3.58%** |
| &nbsp;&nbsp; Asbury Automotive Group, <br> Inc.<br>|  |  |
| &nbsp;&nbsp; 4.63% 11/15/29 | 220000 | 213505 |
| &nbsp;&nbsp; 4.75% 3/1/30 | 660000 | 642787 |
| Bath & Body Works, Inc. |  |  |
| &nbsp;&nbsp; 6.88% 11/1/35 | 590000 | 613613 |
| &nbsp;&nbsp; 6.95% 3/1/33 | 431000 | 449994 |
| @Carvana Co. |  |  |
| &nbsp;&nbsp; 9.00% 6/1/30 | 308850 | 323124 |
| &nbsp;&nbsp; 9.00% 6/1/31 | 330761 | 374497 |
| &nbsp;&nbsp; Murphy Oil USA, Inc. 3.75% <br> 2/15/31<br>| 920000 | 855649 |
| &nbsp;&nbsp; QXO Building Products, Inc. <br> 6.75% 4/30/32<br>| 199000 | 206044 |
| &nbsp;&nbsp; Victra Holdings LLC/Victra <br> Finance Corp. 8.75% 9/15/29<br>| 630000 | 660475 |
| &nbsp;&nbsp; White Cap Buyer LLC 6.88% <br> 10/15/28<br>| 1381000 | 1376897 |
|  |  | **5716585** |
| **Semiconductors–0.53%** | **Semiconductors–0.53%** | **Semiconductors–0.53%** |
| Entegris, Inc. |  |  |
| &nbsp;&nbsp; 4.75% 4/15/29 | 437000 | 433252 |
| &nbsp;&nbsp; 5.95% 6/15/30 | 410000 | 415752 |
|  |  | **849004** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** |
| **Software–1.95%** | **Software–1.95%** | **Software–1.95%** |
| &nbsp;&nbsp; AthenaHealth Group, Inc. <br> 6.50% 2/15/30<br>| 420000 | $416564 |
| &nbsp;&nbsp; Capstone Borrower, Inc. <br> 8.00% 6/15/30<br>| 481000 | 503025 |
| &nbsp;&nbsp; Cloud Software Group, Inc. <br> 6.50% 3/31/29<br>| 2170000 | 2189574 |
|  |  | **3109163** |
| **Telecommunications–5.48%** | **Telecommunications–5.48%** | **Telecommunications–5.48%** |
| &nbsp;&nbsp; CommScope LLC 8.25% <br> 3/1/27<br>| 585000 | 591394 |
| &nbsp;&nbsp; CommScope <br> Technologies LLC 5.00% <br> 3/15/27<br>| 265000 | 262917 |
| &nbsp;&nbsp; Connect Finco SARL/Connect <br> U.S. Finco LLC 9.00% <br> 9/15/29<br>| 875000 | 919979 |
| &nbsp;&nbsp; Consolidated <br> Communications, Inc.<br>|  |  |
| &nbsp;&nbsp; 5.00% 10/1/28 | 365000 | 369563 |
| &nbsp;&nbsp; 6.50% 10/1/28 | 760000 | 772350 |
| &nbsp;&nbsp; Digicel International Finance <br> Ltd./Difl U.S. LLC 8.63% <br> 8/1/32<br>| 200000 | 205637 |
| &nbsp;&nbsp; Frontier Communications <br> Holdings LLC<br>|  |  |
| &nbsp;&nbsp; 5.88% 11/1/29 | 435000 | 439577 |
| &nbsp;&nbsp; 6.00% 1/15/30 | 230000 | 232705 |
| &nbsp;&nbsp; 6.75% 5/1/29 | 515000 | 520137 |
| &nbsp;&nbsp; Maya SAS/Paris France 8.50% <br> 4/15/31<br>| 1210000 | 1297717 |
| &nbsp;&nbsp; μRogers Communications, Inc. <br> 7.13% 4/15/55<br>| 715000 | 758017 |
| &nbsp;&nbsp; Sable International Finance <br> Ltd. 7.13% 10/15/32<br>| 845000 | 858003 |
| &nbsp;&nbsp; Vmed O2 U.K. Financing I <br> PLC 4.75% 7/15/31<br>| 1000000 | 941246 |
| &nbsp;&nbsp; Windstream Services LLC <br> 7.50% 10/15/33<br>| 575000 | 574845 |
|  |  | **8744087** |
| **Trucking & Leasing–0.54%** | **Trucking & Leasing–0.54%** | **Trucking & Leasing–0.54%** |
| &nbsp;&nbsp; FTAI Aviation Investors LLC <br> 7.00% 6/15/32<br>| 820000 | 858148 |
|  |  | **858148** |
| **Total Corporate Bonds** <br>**(Cost $137,314,955)** | **Total Corporate Bonds** <br>**(Cost $137,314,955)** | **139597430** |
| **LOAN AGREEMENTS–6.51%** | **LOAN AGREEMENTS–6.51%** | **LOAN AGREEMENTS–6.51%** |
| &nbsp;&nbsp; •Applied Systems, Inc. 8.50% <br> (3 mo. USD Term SOFR + <br> 4.50%) 2/23/32<br>| 763000 | 779374 |
| &nbsp;&nbsp; •Bausch & Lomb Corp. 8.41% <br> (1 mo. USD Term SOFR + <br> 4.25%) 1/15/31<br>| 744951 | 744333 |

---

*LVIP Macquarie High Yield Fund–5*

------

**LVIP Macquarie High Yield Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **LOAN AGREEMENTS (continued)** | **LOAN AGREEMENTS (continued)** | **LOAN AGREEMENTS (continued)** |
| &nbsp;&nbsp; •CD&R Hydra Buyer, Inc. <br> 8.26% (1 mo. USD Term <br> SOFR + 4.00%) 3/25/31<br>| 812625 | $806871 |
| &nbsp;&nbsp; •Clarios Global LP 6.91% (1 <br> mo. USD Term SOFR + <br> 2.75%) 1/28/32<br>| 315000 | 314902 |
| &nbsp;&nbsp; Clover Holdings 2 LLC 7.75% <br> 12/9/31<br>| 917700 | 922867 |
| Clydesdale Acquisition Holdings, Inc. | Clydesdale Acquisition Holdings, Inc. | Clydesdale Acquisition Holdings, Inc. |
| ✠0.00% 4/1/32 | 1949 | 1945 |
| &nbsp;&nbsp;&nbsp; •7.41% (1 mo. USD Term <br> SOFR + 3.25%) 4/1/32<br>| 111187 | 110986 |
| &nbsp;&nbsp; •CommScope, Inc. 8.91% (1 <br> mo. USD Term SOFR + <br> 4.75%) 12/17/29<br>| 400000 | 404500 |
| Cotiviti Corp. 7.63% 5/1/31 | 806000 | 808265 |
| &nbsp;&nbsp; •Flynn Restaurant Group LP <br> 7.91% (1 mo. USD Term <br> SOFR + 3.75%) 1/28/32<br>| 459690 | 460122 |
| &nbsp;&nbsp; •Form Technologies LLC <br> 10.08% (3 mo. USD Term <br> SOFR + 5.75%) 7/19/30<br>| 363090 | 318005 |
| &nbsp;&nbsp; ∞•Heartland Dental LLC 7.91% <br> (1 mo. USD Term SOFR + <br> 3.75%) 8/25/32<br>| 1226364 | 1223617 |
| &nbsp;&nbsp; •Hunter Douglas, Inc. 7.25% (3 <br> mo. USD Term SOFR + <br> 3.25%) 1/20/32<br>| 379442 | 379442 |
| &nbsp;&nbsp; •INEOS Quattro Holdings U.K. <br> Ltd. 8.41% (1 mo. USD Term <br> SOFR + 4.25%) 10/7/31<br>| 398000 | 340955 |
| &nbsp;&nbsp; •Instructure Holdings, Inc. <br> 9.21% (6 mo. USD Term <br> SOFR + 5.00%) 11/12/32<br>| 296000 | 299238 |
| &nbsp;&nbsp; •Scientific Games Holdings LP <br> 7.29% (3 mo. USD Term <br> SOFR + 3.00%) 4/4/29<br>| 1228794 | 1217894 |
| &nbsp;&nbsp; •Staples, Inc. 10.05% (3 mo. <br> USD Term SOFR + 5.75%) <br> 9/4/29<br>| 846450 | 800835 |
| &nbsp;&nbsp; •Univision Communications, <br> Inc. 8.25% (3 mo. USD Term <br> SOFR + 4.25%) 6/24/29<br>| 70005 | 69969 |
| USALCO LLC | USALCO LLC | USALCO LLC |
| ✠1.00% 9/30/31 | 35962 | 35872 |
| &nbsp;&nbsp;&nbsp; •7.66% (1 mo. USD Term <br> SOFR + 3.50%) 9/30/31<br>| 346425 | 345559 |
| **Total Loan Agreements** <br>**(Cost $10,483,011)** | **Total Loan Agreements** <br>**(Cost $10,483,011)** | **10385551** |
| **NON-AGENCY ASSET-BACKED SECURITIES–3.51%** | **NON-AGENCY ASSET-BACKED SECURITIES–3.51%** | **NON-AGENCY ASSET-BACKED SECURITIES–3.51%** |
| &nbsp;&nbsp; •AGL CLO 3 Ltd. Series <br> 2020-3A Class ER 9.57% (3 <br> mo. USD Term SOFR + <br> 5.25%) 4/15/38<br>| 250000 | 236424 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **NON-AGENCY ASSET-BACKED SECURITIES (continued)** | **NON-AGENCY ASSET-BACKED SECURITIES (continued)** | **NON-AGENCY ASSET-BACKED SECURITIES (continued)** |
| &nbsp;&nbsp; •AIMCO CLO 19 Ltd. Series <br> 2024-19A Class E 9.33% (3 <br> mo. USD Term SOFR + <br> 5.00%) 10/20/37<br>| 150000 | $150321 |
| &nbsp;&nbsp; •Ballyrock CLO 18 Ltd. Series <br> 2021-18A Class DR 10.07% (3 <br> mo. USD Term SOFR + <br> 5.75%) 4/15/38<br>| 250000 | 242203 |
| &nbsp;&nbsp; •Ballyrock CLO 25 Ltd. Series <br> 2023-25A Class DR 9.12% (3 <br> mo. USD Term SOFR + <br> 4.80%) 1/25/38<br>| 250000 | 244223 |
| •Barings CLO Ltd. | •Barings CLO Ltd. | •Barings CLO Ltd. |
| &nbsp;&nbsp;&nbsp; Series 2018-2A Class ER <br> 11.22% (3 mo. USD Term <br> SOFR + 6.90%) 7/15/36<br>| 150000 | 151504 |
| &nbsp;&nbsp;&nbsp; Series 2024-2A Class E <br> 10.22% (3 mo. USD Term <br> SOFR + 5.90%) 7/15/39<br>| 150000 | 150654 |
| &nbsp;&nbsp; •BBAM U.S. CLO III Ltd. <br> Series 2023-3A Class D <br> 12.92% (3 mo. USD Term <br> SOFR + 8.60%) 10/15/38<br>| 250000 | 250000 |
| &nbsp;&nbsp; •Bear Mountain Park CLO Ltd. <br> Series 2022-1A Class ER <br> 10.27% (3 mo. USD Term <br> SOFR + 5.95%) 7/15/37<br>| 150000 | 150374 |
| &nbsp;&nbsp; •Benefit Street Partners CLO <br> Ltd. Series 2015-6BR <br> Class ER 9.08% (3 mo. USD <br> Term SOFR + 4.75%) <br> 4/20/38<br>| 220000 | 220158 |
| &nbsp;&nbsp; •Benefit Street Partners CLO <br> XII-B Ltd. Series <br> 2017-12BRA Class E 10.57% <br> (3 mo. USD Term SOFR + <br> 6.25%) 10/15/37<br>| 150000 | 152076 |
| &nbsp;&nbsp; •Brookhaven Park CLO Ltd. <br> Series 2024-1A Class E <br> 10.83% (3 mo. USD Term <br> SOFR + 6.50%) 4/19/37<br>| 250000 | 252195 |
| •Carlyle U.S. CLO Ltd. | •Carlyle U.S. CLO Ltd. | •Carlyle U.S. CLO Ltd. |
| &nbsp;&nbsp;&nbsp; Series 2024-1A Class E <br> 11.24% (3 mo. USD Term <br> SOFR + 6.92%) 4/15/37<br>| 250000 | 252837 |
| &nbsp;&nbsp;&nbsp; Series 2024-5A Class E 9.97% <br> (3 mo. USD Term SOFR + <br> 5.65%) 10/25/36<br>| 250000 | 252088 |
| &nbsp;&nbsp; •CBAMR LLC Series 2021-15A <br> Class ER 9.83% (3 mo. USD <br> Term SOFR + 5.50%) <br> 1/20/38<br>| 250000 | 248859 |
| &nbsp;&nbsp; •Dryden 109 CLO Ltd. Series <br> 2022-109A Class ER 9.67% (3 <br> mo. USD Term SOFR + <br> 5.35%) 4/15/38<br>| 250000 | 250104 |

---

*LVIP Macquarie High Yield Fund–6*

------

**LVIP Macquarie High Yield Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **NON-AGENCY ASSET-BACKED SECURITIES (continued)** | **NON-AGENCY ASSET-BACKED SECURITIES (continued)** | **NON-AGENCY ASSET-BACKED SECURITIES (continued)** |
| &nbsp;&nbsp; •Elmwood CLO IX Ltd. Series <br> 2021-2A Class ER 8.98% (3 <br> mo. USD Term SOFR + <br> 4.65%) 4/20/38<br>| 150000 | $150715 |
| &nbsp;&nbsp; •Invesco U.S. CLO Ltd. Series <br> 2024-3A Class E 10.83% (3 <br> mo. USD Term SOFR + <br> 6.50%) 7/20/37<br>| 250000 | 252222 |
| &nbsp;&nbsp; •KKR CLO 27 Ltd. Series 27A <br> Class ER2 10.57% (3 mo. <br> USD Term SOFR + 6.25%) <br> 1/15/35<br>| 250000 | 246335 |
| &nbsp;&nbsp; •Madison Park Funding XXX <br> Ltd. Series 2018-30A <br> Class ER 10.72% (3 mo. USD <br> Term SOFR + 6.40%) <br> 7/16/37<br>| 150000 | 150911 |
| &nbsp;&nbsp; •Magnetite XLV Ltd. Series <br> 2025-45A Class E 8.79% (3 <br> mo. USD Term SOFR + <br> 4.50%) 4/15/38<br>| 200000 | 199435 |
| &nbsp;&nbsp; •Neuberger Berman CLO XX <br> Ltd. Series 2015-20A <br> Class ER3 9.07% (3 mo. USD <br> Term SOFR + 4.75%) <br> 4/15/39<br>| 250000 | 250903 |
| •Oaktree CLO Ltd. | •Oaktree CLO Ltd. | •Oaktree CLO Ltd. |
| &nbsp;&nbsp;&nbsp; Series 2019-3A Class ER2 <br> 11.08% (3 mo. USD Term <br> SOFR + 6.75%) 1/20/38<br>| 200000 | 200482 |
| &nbsp;&nbsp;&nbsp; Series 2020-1A Class ERR <br> 9.32% (3 mo. USD Term <br> SOFR + 5.00%) 1/15/38<br>| 200000 | 198200 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **NON-AGENCY ASSET-BACKED SECURITIES (continued)** | **NON-AGENCY ASSET-BACKED SECURITIES (continued)** | **NON-AGENCY ASSET-BACKED SECURITIES (continued)** |
| &nbsp;&nbsp; •OHA Credit Funding 11 Ltd. <br> Series 2022-11A Class ER <br> 9.73% (3 mo. USD Term <br> SOFR + 5.40%) 7/19/37<br>| 150000 | $151120 |
| &nbsp;&nbsp; •OHA Credit Funding 9 Ltd. <br> Series 2021-9A Class ER <br> 9.83% (3 mo. USD Term <br> SOFR + 5.50%) 10/19/37<br>| 150000 | 150938 |
| &nbsp;&nbsp; •Palmer Square CLO Ltd. <br> Series 2024-2A Class D2 <br> 8.68% (3 mo. USD Term <br> SOFR + 4.35%) 7/20/37<br>| 250000 | 251893 |
| &nbsp;&nbsp; •Storm King Park CLO Ltd. <br> Series 2022-1A Class ER <br> 10.47% (3 mo. USD Term <br> SOFR + 6.15%) 10/15/37<br>| 200000 | 200430 |
| **Total Non-Agency Asset-Backed Securities** <br>**(Cost $5,646,436)** | **Total Non-Agency Asset-Backed Securities** <br>**(Cost $5,646,436)** | **5607604** |

---

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

---

| | | |
|:---|:---|:---|
|  | **Number of** <br>**Shares**<br>|  |
| **MONEY MARKET FUND–3.25%** | **MONEY MARKET FUND–3.25%** | **MONEY MARKET FUND–3.25%** |
| &nbsp;&nbsp; State Street Institutional <br> U.S. Government Money <br> Market Fund - Premier Class <br> (seven-day effective yield <br> 4.09%)<br>| 5187975 | 5187975 |
| **Total Money Market Fund** <br>**(Cost $5,187,975)** | **Total Money Market Fund** <br>**(Cost $5,187,975)** | **5187975** |

---

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

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

---

| | |
|:---|:---|
| **TOTAL INVESTMENTS–100.72% (Cost $158,632,377)** | **160778560** |

---

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

---

| | |
|:---|:---|
| **LIABILITIES NET OF RECEIVABLES AND OTHER ASSETS–(0.72%)** | **(1153781)**<br>|
| **NET ASSETS APPLICABLE TO 35,273,275 SHARES OUTSTANDING–100.00%** | **$159624779** |

---

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

------

---

| |
|:---|
| °Principal amount shown is stated in U.S. dollars unless noted that the security is denominated in another currency. |
| μFixed to variable rate investment. The rate shown reflects the fixed rate in effect at September 30, 2025. Rate will reset at a future date. |
| @PIK. 100% of the income received was in the form of additional par. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; •Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at September 30, 2025. For securities based on a <br> published reference rate and spread, the reference rate and spread are indicated in their description above and may be subject to caps <br> and/or floors or include a multiplier. Certain variable rate securities are not based on a published reference rate and spread but are <br> determined by the issuer or agent and are based on current market conditions such as changes in current interest rate and prepayments <br> on the underlying pool of assets. These securities do not indicate a reference rate and spread in their description above. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ✠All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the <br> time of funding. |
| ∞Delayed settlement. Interest rate to be determined upon settlement date. |

---

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

*LVIP Macquarie High Yield Fund–7*

------

**LVIP Macquarie High Yield Fund**

**Schedule of Investments (continued)**

---

| |
|:---|
| **Summary of Abbreviations:** |
| CLO–Collateralized Loan Obligation |
| LNG–Liquefied Natural Gas |
| SOFR–Secured Overnight Financing Rate |

---

*LVIP Macquarie High Yield Fund–8*

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST

- **b. Investment Company Act file number:** 811-08090

- **c. CIK number of Registrant:** 0000914036

- **d. LEI of Registrant:** 3EICVM5HD7FVBIM8WO57

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

  - **Street Address 1:** 1301 S. Harrison Street

  - **City:** FORT WAYNE

  - **State:** IN

  - **Foreign country:** US

  - **Zip / Postal Code:** 46802

  - **Telephone number:** 260-455-2000

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

- **a. Name of Series:** LVIP Macquarie High Yield Fund

- **b. EDGAR series identifier (if any):** S000070166

- **c. LEI of Series:** 549300LZXHQYMGVBST75

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

- **a. Date of fiscal year-end:** 2025-12-31

- **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:** $164436102.91

**Total Liabilities:** $4844889.20

**Net Assets:** $159591213.71

**Delayed Delivery Securities:** $3378463.75

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -8.35000000 | **1-Year:** -392.94000000 | **5-Year:** -1430.15000000 | **10-Year:** -1367.91000000 | **30-Year:** -692.16000000

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

- **3-Month:** -474.28000000 | **1-Year:** -11647.12000000 | **5-Year:** -31010.23000000 | **10-Year:** -7701.00000000 | **30-Year:** -4.44000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000223153 | 0.36%                | 1.12%                | 0.62%                |
| Class ID C000223152 | 0.38%                | 1.14%                | 0.66%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1041809.57             | $802995.50                                 |
| Month 2  | $46578.58                | $897805.59                                 |
| Month 3  | $180880.33               | $22662.90                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SCIENTIFIC GAMES HOLDINGS LP        | Scientific Games Holdings LP 2024 USD Term Loan B                               | CUSIP: 80875CAE7<br>LEI: 549300W5GPFXXB6TQ330 | Long             | LON              | CORP              | US        |   1228794 | PA      | $1217894.56   | 0.76%             | 2029-04-04      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| LIGHTNING POWER LLC                 | Lightning Power LLC                                                             | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |   1010000 | PA      | $1069303.16   | 0.67%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                   | Clarios Global LP 2025 USD Term Loan B                                          | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |    315000 | PA      | $314902.35    | 0.20%             | 2032-01-28      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP            | Hilcorp Energy I LP / Hilcorp Finance Co                                        | CUSIP: 431318AV6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    469000 | PA      | $451675.23    | 0.28%             | 2031-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd               | Palmer Square CLO 2024-2 LTD                                                    | CUSIP: 69703LAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $251893.50    | 0.16%             | 2037-07-20      | Floating      | 8.68%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                | Fiesta Purchaser Inc                                                            | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    398000 | PA      | $420022.53    | 0.26%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS            | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    955000 | PA      | $825834.53    | 0.52%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES             | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BG6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1239000 | PA      | $1263114.24   | 0.79%             | 2028-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                         | Vistra Corp                                                                     | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    795000 | PA      | $807139.65    | 0.51%             | 2026-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CD&R Hydra Buyer Inc                | CD&R Hydra Buyer Inc 2024 Term Loan B                                           | CUSIP: 12508KAJ6<br>LEI: 549300HW5C2VGPZCHL57 | Long             | LON              | CORP              | US        |    812625 | PA      | $806871.62    | 0.51%             | 2031-03-25      | Floating      | 8.26%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L            | Fortescue Treasury Pty Ltd                                                      | CUSIP: 30251GBD8<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    685000 | PA      | $702038.69    | 0.44%             | 2030-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LINDBLAD EXPEDITIONS LLC            | Lindblad Expeditions LLC                                                        | CUSIP: 53523LAB6<br>LEI: 549300MPUWOG67Y2R254 | Long             | DBT              | CORP              | US        |    392000 | PA      | $399561.68    | 0.25%             | 2030-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                   | Magnetite Xlv Ltd                                                               | CUSIP: 55956DAA7<br>LEI: 529900IK6R4NURGLMB37 | Long             | ABS-CBDO         | CORP              | KY        |    200000 | PA      | $199434.60    | 0.12%             | 2038-04-15      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENT/SIX FLAG              | Six Flags Entertainment Corp /Six Flags Theme Parks Inc/ Canada's Wonderland Co | CUSIP: 83002YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    605000 | PA      | $616381.87    | 0.39%             | 2032-05-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                | Royal Bank of Canada                                                            | CUSIP: 780082AY9<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    800000 | PA      | $792258.35    | 0.50%             | 2085-11-24      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC              | Acrisure LLC / Acrisure Finance Inc                                             | CUSIP: 004961AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    770000 | PA      | $792856.68    | 0.50%             | 2032-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM             | United Rentals North America Inc                                                | CUSIP: 911363AM1<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    895000 | PA      | $846687.90    | 0.53%             | 2031-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC               | Caesars Entertainment Inc                                                       | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    390000 | PA      | $397795.32    | 0.25%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GOAT HOLDCO LLC                     | Goat Holdco LLC                                                                 | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    385000 | PA      | $394624.89    | 0.25%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd     | Benefit Street Partners CLO XII-B Ltd                                           | CUSIP: 081918AA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $152075.85    | 0.10%             | 2037-10-15      | Floating      | 10.57%                | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN            | Rogers Communications Inc                                                       | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    715000 | PA      | $758016.62    | 0.47%             | 2055-04-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS            | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    200000 | PA      | $159000.00    | 0.10%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc               | Bath & Body Works Inc                                                           | CUSIP: 532716AK3<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    431000 | PA      | $449993.74    | 0.28%             | 2033-03-01      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| AMSTED INDUSTRIES                   | Amsted Industries Inc                                                           | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |    585000 | PA      | $600432.30    | 0.38%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                        | Entegris Inc                                                                    | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    410000 | PA      | $415752.30    | 0.26%             | 2030-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC                   | Waste Pro USA Inc                                                               | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |    405000 | PA      | $419497.79    | 0.26%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA BUYER/ATLANTI            | California Buyer Ltd / Atlantica Sustainable Infrastructure PLC                 | CUSIP: 13005HAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    568000 | PA      | $582160.81    | 0.36%             | 2032-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                  | Banco Santander SA                                                              | CUSIP: 05964HBH7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   1200000 | PA      | $1319611.20   | 0.83%             | 2034-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL/CONNE            | Connect Finco SARL / Connect US Finco LLC                                       | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    875000 | PA      | $919979.22    | 0.58%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CommScope Inc                       | CommScope Inc 2024 Term Loan                                                    | CUSIP: 000000000<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | LON              | CORP              | US        |    400000 | PA      | $404500.00    | 0.25%             | 2029-12-17      | Floating      | 8.91%                 | No            |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMED            | AmeriTex HoldCo Intermediate LLC                                                | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    395000 | PA      | $411111.46    | 0.26%             | 2033-08-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP              | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $209315.23    | 0.13%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                       | Ballyrock CLO 25 Ltd                                                            | CUSIP: 05875WAA8<br>LEI: 2549000LY2B016K4LA62 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $244223.00    | 0.15%             | 2038-01-25      | Floating      | 9.12%                 | No            |                  2 | On Loan: No      |
| SABLE INTL FINANCE LTD              | Sable International Finance Ltd                                                 | CUSIP: 785712AK6<br>LEI: 2138009IE9A35LO5JS73 | Long             | DBT              | CORP              | KY        |    845000 | PA      | $858002.86    | 0.54%             | 2032-10-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION              | Clydesdale Acquisition Holdings Inc                                             | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    500000 | PA      | $513621.50    | 0.32%             | 2030-04-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                | Fiesta Purchaser Inc                                                            | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    385000 | PA      | $415642.92    | 0.26%             | 2032-09-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE             | Crescent Energy Finance LLC                                                     | CUSIP: 45344LAG8<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    354000 | PA      | $358671.92    | 0.22%             | 2034-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE            | ROCKIES EXPRESS PIPELINE                                                        | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    618000 | PA      | $645077.67    | 0.40%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HEARTLAND DENTAL LLC                | Heartland Dental LLC 2025 Term Loan                                             | CUSIP: 42236WAX5<br>LEI: 5493008FRC0GRKBN1075 | Long             | LON              | CORP              | US        |   1229438 | PA      | $1226683.56   | 0.77%             | 2032-08-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                      | NRG Energy Inc                                                                  | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    850000 | PA      | $850122.09    | 0.53%             | 2036-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NuStar Logistics LP                 | NuStar Logistics LP                                                             | CUSIP: 67059TAF2<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    642000 | PA      | $644333.03    | 0.40%             | 2026-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                       | Carnival Corp                                                                   | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    895000 | PA      | $908358.75    | 0.57%             | 2029-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP               | NGL Energy Operating LLC / NGL Energy Finance Corp                              | CUSIP: 62922LAD0<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |    790000 | PA      | $809470.34    | 0.51%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                 | Avantor Funding Inc                                                             | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    885000 | PA      | $841604.11    | 0.53%             | 2029-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP            | Olympus Water US Holding Corp                                                   | CUSIP: 681639AD2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202755.00    | 0.13%             | 2031-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS            | Focus Financial Partners LLC                                                    | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |    810000 | PA      | $829535.58    | 0.52%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Cotiviti Corporation                | Cotiviti Corporation 2024 Fixed Term Loan B                                     | CUSIP: 22164MAD9<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |    806000 | PA      | $808264.86    | 0.51%             | 2031-05-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd            | Madison Park Funding XXX LTD                                                    | CUSIP: 55822HAG7<br>LEI: 549300FFTJ3WPTJK8589 | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $150910.95    | 0.09%             | 2037-07-16      | Floating      | 10.72%                | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS               | QXO Building Products Inc                                                       | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    199000 | PA      | $206043.84    | 0.13%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL            | Cheplapharm Arzneimittel GmbH                                                   | CUSIP: 16412EAA5<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |    413000 | PA      | $402367.15    | 0.25%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CAPSTONE COPPER CORP                | Capstone Copper Corp                                                            | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |   1037000 | PA      | $1068140.07   | 0.67%             | 2033-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                          | DaVita Inc                                                                      | CUSIP: 23918KAT5<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    490000 | PA      | $448790.14    | 0.28%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Babson CLO Ltd                      | Barings CLO Ltd 2024-II                                                         | CUSIP: 067937AA0<br>LEI: 549300KMDW0AZOKOC583 | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $150653.55    | 0.09%             | 2039-07-15      | Floating      | 10.22%                | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                       | TransDigm Inc                                                                   | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    180000 | PA      | $185318.10    | 0.12%             | 2032-03-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CIMPRESS PLC                        | Cimpress PLC                                                                    | CUSIP: 17186HAH5<br>LEI: 549300X1IFD75XISOR81 | Long             | DBT              | CORP              | IE        |    585000 | PA      | $582961.03    | 0.37%             | 2032-09-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE                      | Constellium SE                                                                  | CUSIP: 21039CAD6<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |   1250000 | PA      | $1277748.75   | 0.80%             | 2032-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO IX Ltd                  | Elmwood CLO IX Ltd                                                              | CUSIP: 29003VAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $150715.05    | 0.09%             | 2038-04-20      | Floating      | 8.98%                 | No            |                  2 | On Loan: No      |
| MAYA SAS/FRANCE                     | Maya SAS/Paris France                                                           | CUSIP: 449691AF1<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |   1210000 | PA      | $1297716.53   | 0.81%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC               | Williams Scotsman Inc                                                           | CUSIP: 96949VAN3<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    820000 | PA      | $843997.30    | 0.53%             | 2030-04-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US            | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC   | CUSIP: 44287DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    480000 | PA      | $497999.04    | 0.31%             | 2032-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV             | VZ Secured Financing BV                                                         | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |    595000 | PA      | $538307.33    | 0.34%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bausch & Lomb Corporation           | Bausch & Lomb Corporation 2025 Term Loan B                                      | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |    744951 | PA      | $744332.82    | 0.47%             | 2031-01-15      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATI            | Consolidated Communications Inc                                                 | CUSIP: 20903XAH6<br>LEI: 549300WW675Y48HDVX34 | Long             | DBT              | CORP              | US        |    365000 | PA      | $369562.50    | 0.23%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                      | Transocean International Ltd                                                    | CUSIP: 893830BL2<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    478000 | PA      | $477335.42    | 0.30%             | 2027-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP            | Olympus Water US Holding Corp                                                   | CUSIP: 25259KAA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    775000 | PA      | $813362.50    | 0.51%             | 2028-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ESAB CORP                           | Esab Corp                                                                       | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |    770000 | PA      | $791023.31    | 0.50%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                 | Sirius XM Radio LLC                                                             | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    955000 | PA      | $895703.64    | 0.56%             | 2030-07-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OP CORP             | Gulfport Energy Operating Corp                                                  | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |    840000 | PA      | $862002.59    | 0.54%             | 2029-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd               | KKR CLO 27 LTD                                                                  | CUSIP: 48254AAG4<br>LEI: 5493007WGG1LNIZXEI24 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $246335.25    | 0.15%             | 2035-01-15      | Floating      | 10.57%                | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                      | Gray Media Inc                                                                  | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    340000 | PA      | $336923.92    | 0.21%             | 2033-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN            | USA Compression Partners LP / USA Compression Finance Corp                      | CUSIP: 91740PAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    320000 | PA      | $330023.68    | 0.21%             | 2029-03-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC               | Caesars Entertainment Inc                                                       | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    560000 | PA      | $576020.15    | 0.36%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR            | Organon & Co / Organon Foreign Debt Co-Issuer BV                                | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    945000 | PA      | $827866.30    | 0.52%             | 2031-04-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                        | SM Energy Co                                                                    | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    290000 | PA      | $291389.97    | 0.18%             | 2029-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Babson CLO Ltd                      | Barings CLO Ltd 2018-II                                                         | CUSIP: 06760KAE2<br>LEI: 549300I8OP7Y4MO3JF74 | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $151503.60    | 0.09%             | 2036-07-15      | Floating      | 11.22%                | No            |                  2 | On Loan: No      |
| K HOVNANIAN ENTERPRISES             | K Hovnanian Enterprises Inc                                                     | CUSIP: 48251UAP3<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |    596000 | PA      | $611158.19    | 0.38%             | 2031-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| LIFE TIME INC                       | Life Time Inc                                                                   | CUSIP: 53190FAE5<br>LEI: 549300PALKE96VYH4X17 | Long             | DBT              | CORP              | US        |    835000 | PA      | $848329.84    | 0.53%             | 2031-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN               | Trivium Packaging Finance BV                                                    | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    590000 | PA      | $629378.96    | 0.39%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                      | Air Lease Corp                                                                  | CUSIP: 00912XBJ2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    905000 | PA      | $893091.97    | 0.56%             | 2026-06-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT              | Mauser Packaging Solutions Holding Co                                           | CUSIP: 57763RAC1<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    395000 | PA      | $395903.76    | 0.25%             | 2027-04-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC              | Arsenal AIC Parent LLC                                                          | CUSIP: 04288BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1140000 | PA      | $1207028.58   | 0.76%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors        | State Street Institutional US Government Money Market Fund                      | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   5187975 | NS      | $5187974.93   | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CSC HOLDINGS LLC                    | CSC Holdings LLC                                                                | CUSIP: 126307BH9<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    625000 | PA      | $406422.09    | 0.25%             | 2031-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                 | Sirius XM Radio LLC                                                             | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    920000 | PA      | $888972.38    | 0.56%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                    | Arches Buyer Inc                                                                | CUSIP: 039524AB9<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |    490000 | PA      | $480340.53    | 0.30%             | 2028-12-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC               | Civitas Resources Inc                                                           | CUSIP: 17888HAC7<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    765000 | PA      | $792283.35    | 0.50%             | 2030-11-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC               | PennyMac Financial Services Inc                                                 | CUSIP: 70932MAF4<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    590000 | PA      | $609533.13    | 0.38%             | 2033-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                       | CommScope LLC                                                                   | CUSIP: 20338QAA1<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    585000 | PA      | $591393.76    | 0.37%             | 2027-03-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC               | PennyMac Financial Services Inc                                                 | CUSIP: 70932MAG2<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    395000 | PA      | $409297.82    | 0.26%             | 2032-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                     | OHA Credit Funding 11 Ltd                                                       | CUSIP: 67116BAG0<br>LEI: 2549002MG7GTTY5LHR97 | Long             | ABS-CBDO         | CORP              | BM        |    150000 | PA      | $151119.90    | 0.09%             | 2037-07-19      | Floating      | 9.73%                 | No            |                  2 | On Loan: No      |
| WAND NEWCO 3 INC                    | Wand NewCo 3 Inc                                                                | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |    788000 | PA      | $830252.56    | 0.52%             | 2032-01-30      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Brookhaven Park CLO Ltd             | Brookhaven Park CLO LTD                                                         | CUSIP: 113525AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $252195.50    | 0.16%             | 2037-04-19      | Floating      | 10.83%                | No            |                  2 | On Loan: No      |
| DIG INTL FIN/DIFL US LLC            | Digicel International Finance Ltd / Difl US LLC                                 | CUSIP: 25381MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    200000 | PA      | $205636.65    | 0.13%             | 2032-08-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN            | USA Compression Partners LP / USA Compression Finance Corp                      | CUSIP: 91740PAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    475000 | PA      | $474893.13    | 0.30%             | 2027-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN               | Genesis Energy LP / Genesis Energy Finance Corp                                 | CUSIP: 37185LAL6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    405000 | PA      | $407852.82    | 0.26%             | 2028-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1141260.45   | 0.72%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORP             | Zebra Technologies Corp                                                         | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |    235000 | PA      | $241362.86    | 0.15%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                      | OPAL BIDCO                                                                      | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    725000 | PA      | $742940.85    | 0.47%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CBAMR Ltd                           | CBAMR 2021-15 LLC                                                               | CUSIP: 149918AQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $248859.25    | 0.16%             | 2038-01-20      | Floating      | 9.83%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                    | CSC Holdings LLC                                                                | CUSIP: 126307BK2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    655000 | PA      | $229250.00    | 0.14%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD               | HUB International Ltd                                                           | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    410000 | PA      | $426948.99    | 0.27%             | 2032-01-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                      | Gray Media Inc                                                                  | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   1670000 | PA      | $1254399.69   | 0.79%             | 2031-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT              | Mauser Packaging Solutions Holding Co                                           | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    560000 | PA      | $565489.68    | 0.35%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                         | Vistra Corp                                                                     | CUSIP: 92840MAB8<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    760000 | PA      | $777372.08    | 0.49%             | 2026-10-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CROSSCOUNTRY INTER                  | CrossCountry Intermediate HoldCo LLC                                            | CUSIP: 22757VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    805000 | PA      | $807962.16    | 0.51%             | 2030-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FLYNN RESTAURANT GROUP LP           | Flynn Restaurant Group LP 2025 Incremental Term Loan                            | CUSIP: 34410JAG6<br>LEI: 5493008VE8TQONGO3817 | Long             | LON              | CORP              | US        |    459690 | PA      | $460122.11    | 0.29%             | 2032-01-28      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                      | Rocket Cos Inc                                                                  | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    334000 | PA      | $344726.08    | 0.22%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS             | FTAI Aviation Investors LLC                                                     | CUSIP: 34960PAG6<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    820000 | PA      | $858148.04    | 0.54%             | 2032-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                    | Vmed O2 UK Financing I PLC                                                      | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $941246.30    | 0.59%             | 2031-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP             | Asbury Automotive Group Inc                                                     | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    220000 | PA      | $213505.16    | 0.13%             | 2029-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| GLOBAL MEDICAL RESPONSE             | Global Medical Response Inc                                                     | CUSIP: 37960BAD7<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |    674000 | PA      | $693754.94    | 0.43%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC            | Acadia Healthcare Co Inc                                                        | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    830000 | PA      | $861696.87    | 0.54%             | 2033-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC             | Stagwell Global LLC                                                             | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |    865000 | PA      | $840277.26    | 0.53%             | 2029-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd                     | Oaktree CLO 2020-1 Ltd                                                          | CUSIP: 67402GAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    200000 | PA      | $198200.00    | 0.12%             | 2038-01-15      | Floating      | 9.32%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc        | Univision Communications Inc 2022 First Lien Term Loan B                        | CUSIP: 914908BD9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |     70005 | PA      | $69969.04     | 0.04%             | 2029-06-24      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS            | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBQ2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    580000 | PA      | $594210.00    | 0.37%             | 2034-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                | OneMain Finance Corp                                                            | CUSIP: 682691AK6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    192000 | PA      | $198343.26    | 0.12%             | 2032-09-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                      | Azorra Finance Ltd                                                              | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    860000 | PA      | $905054.54    | 0.57%             | 2030-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC               | Nabors Industries Inc                                                           | CUSIP: 62957HAQ8<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    157000 | PA      | $146215.66    | 0.09%             | 2031-08-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                | OneMain Finance Corp                                                            | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    581000 | PA      | $597193.05    | 0.37%             | 2029-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                        | Entegris Inc                                                                    | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    437000 | PA      | $433251.72    | 0.27%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC            | Permian Resources Operating LLC                                                 | CUSIP: 71424VAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    535000 | PA      | $554868.83    | 0.35%             | 2032-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP            | Olympus Water US Holding Corp                                                   | CUSIP: 681639AE0<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    825000 | PA      | $825859.27    | 0.52%             | 2033-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN            | Clarios Global LP / Clarios US Finance Co                                       | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    622000 | PA      | $642532.22    | 0.40%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS            | Univision Communications Inc                                                    | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    865000 | PA      | $869139.03    | 0.54%             | 2030-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC            | Celanese US Holdings LLC                                                        | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    519000 | PA      | $516810.31    | 0.32%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC             | Millrose Properties Inc                                                         | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              |  | US        |    594000 | PA      | $604092.06    | 0.38%             | 2030-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                 | Resideo Funding Inc                                                             | CUSIP: 76119LAD3<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |    705000 | PA      | $722558.03    | 0.45%             | 2032-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                  | Ardonagh Finco Ltd                                                              | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    945000 | PA      | $988837.61    | 0.62%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN               | Genesis Energy LP / Genesis Energy Finance Corp                                 | CUSIP: 37185LAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    195000 | PA      | $203375.99    | 0.13%             | 2032-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc               | Bath & Body Works Inc                                                           | CUSIP: 501797AL8<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    590000 | PA      | $613612.98    | 0.38%             | 2035-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /            | Albion Financing 1 SARL / Aggreko Holdings Inc                                  | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    385000 | PA      | $398205.50    | 0.25%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE TECH LLC                  | CommScope Technologies LLC                                                      | CUSIP: 20338HAB9<br>LEI: M4TWC4QDOKW45N7T6Y12 | Long             | DBT              | CORP              | US        |    265000 | PA      | $262917.47    | 0.16%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STOR                   | Seagate Data Storage Technology Pte Ltd                                         | CUSIP: 81180LAS4<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    450000 | PA      | $448551.02    | 0.28%             | 2034-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NOBLE FINANCE II LLC                | Noble Finance II LLC                                                            | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    625000 | PA      | $646911.88    | 0.41%             | 2030-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP              | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1215000 | PA      | $1147463.86   | 0.72%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Invesco CLO Ltd                     | Invesco US CLO 2024-3 Ltd                                                       | CUSIP: 46148MAA5<br>LEI: 254900GU4U8LUX3GA959 | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $252222.00    | 0.16%             | 2037-07-20      | Floating      | 10.83%                | No            |                  2 | On Loan: No      |
| AMYNTA AGENCY/WARRANTY              | Amynta Agency Borrower Inc and Amynta Warranty Borrower Inc                     | CUSIP: 03238AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    593000 | PA      | $607022.08    | 0.38%             | 2033-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN            | Archrock Partners LP / Archrock Partners Finance Corp                           | CUSIP: 03959KAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    820000 | PA      | $841141.24    | 0.53%             | 2032-09-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                        | Magnera Corp                                                                    | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |    980000 | PA      | $922160.40    | 0.58%             | 2031-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ENPRO INC                           | Enpro Inc                                                                       | CUSIP: 29355XAH0<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | DBT              | CORP              | US        |    890000 | PA      | $909618.58    | 0.57%             | 2033-06-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                     | Sealed Air Corp                                                                 | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    300000 | PA      | $310712.70    | 0.19%             | 2032-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GARRETT MOTION HLD/SARL             | Garrett Motion Holdings Inc / Garrett LX I Sarl                                 | CUSIP: 366504AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1235000 | PA      | $1295518.71   | 0.81%             | 2032-05-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| USALCO LLC                          | USALCO LLC 2025 Delayed Draw Term Loan                                          | CUSIP: 91732NAP8<br>LEI: 5493006WBYB0CYPCSG20 | Long             | LON              | CORP              | US        |     35962 | PA      | $35871.63     | 0.02%             | 2031-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI            | Standard Building Solutions Inc                                                 | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    835000 | PA      | $856727.56    | 0.54%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION               | McGraw-Hill Education Inc                                                       | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    989000 | PA      | $1027520.56   | 0.64%             | 2031-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL USA INC                  | Murphy Oil USA Inc                                                              | CUSIP: 626738AF5<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |    920000 | PA      | $855649.13    | 0.54%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Applied Systems Inc                 | Applied Systems Inc 2024 2nd Lien Term Loan                                     | CUSIP: 03827FBC4<br>LEI: 549300NSKGF0SY5SWQ62 | Long             | LON              | CORP              | US        |    763000 | PA      | $779373.98    | 0.49%             | 2032-02-23      | Floating      | 8.50%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY            | Standard Industries Inc/NY                                                      | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    475000 | PA      | $430144.81    | 0.27%             | 2031-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                           | Block Inc                                                                       | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    795000 | PA      | $814111.80    | 0.51%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC              | CACI International Inc                                                          | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |   1034000 | PA      | $1066623.37   | 0.67%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE             | Avis Budget Car Rental LLC / Avis Budget Finance Inc                            | CUSIP: 053773BE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $94513.98     | 0.06%             | 2027-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                       | Carnival Corp                                                                   | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    609000 | PA      | $624246.92    | 0.39%             | 2033-02-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                        | UBS Group AG                                                                    | CUSIP: 225401BJ6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    700000 | PA      | $720269.20    | 0.45%             | 2034-08-10      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS            | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBL3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    200000 | PA      | $145066.84    | 0.09%             | 2030-04-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                        | Barclays PLC                                                                    | CUSIP: 06738EDC6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1255000 | PA      | $1329903.42   | 0.83%             | 2035-03-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN            | Clarios Global LP / Clarios US Finance Co                                       | CUSIP: 18060TAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    555000 | PA      | $567298.80    | 0.36%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Form Technologies LLC               | Form Technologies LLC 2025 Term Loan                                            | CUSIP: 34634FAF6<br>LEI: X7KHAIMGSSPZ1XIJIL51 | Long             | LON              | CORP              | US        |    363090 | PA      | $318005.11    | 0.20%             | 2030-07-19      | Floating      | 10.08%                | No            |                  2 | On Loan: No      |
| GRIFOLS SA                          | Grifols SA                                                                      | CUSIP: 39843UAA0<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    610000 | PA      | $592530.87    | 0.37%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                   | Nexstar Media Inc                                                               | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    640000 | PA      | $624667.07    | 0.39%             | 2028-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| USALCO LLC                          | USALCO LLC 2025 Term Loan                                                       | CUSIP: 91732NAN3<br>LEI: 5493006WBYB0CYPCSG20 | Long             | LON              | CORP              | US        |    346425 | PA      | $345558.97    | 0.22%             | 2031-09-30      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                          | DaVita Inc                                                                      | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    480000 | PA      | $460026.67    | 0.29%             | 2030-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SNAP INC                            | Snap Inc                                                                        | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    835000 | PA      | $853452.36    | 0.53%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                          | Carvana Co                                                                      | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    308850 | PA      | $323124.12    | 0.20%             | 2030-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                           | Sunoco LP                                                                       | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    460000 | PA      | $482761.26    | 0.30%             | 2032-05-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AGL CLO 3 Ltd.                      | AGL CLO 3 LTD                                                                   | CUSIP: 00119NAE7<br>LEI: 549300LS0REDUXQSHW18 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $236423.50    | 0.15%             | 2038-04-15      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| Aimco                               | Aimco CLO 19 Ltd                                                                | CUSIP: 00140JAA7<br>LEI: 2549006V0NZR61IYZY19 | Long             | ABS-CBDO         | CORP              | JE        |    150000 | PA      | $150321.15    | 0.09%             | 2037-10-20      | Floating      | 9.33%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN            | Raven Acquisition Holdings LLC                                                  | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    755000 | PA      | $775889.34    | 0.49%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER              | Goodyear Tire & Rubber Co/The                                                   | CUSIP: 382550BR1<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    830000 | PA      | $779666.48    | 0.49%             | 2031-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING              | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC     | CUSIP: 03969YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    485000 | PA      | $448875.58    | 0.28%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                   | Herc Holdings Inc                                                               | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    175000 | PA      | $182682.85    | 0.11%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund             | Dryden 109 CLO Ltd                                                              | CUSIP: 26248LAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $250103.75    | 0.16%             | 2038-04-15      | Floating      | 9.67%                 | No            |                  2 | On Loan: No      |
| CERDIA FINANZ GMBH                  | Cerdia Finanz GmbH                                                              | CUSIP: 15679GAC6<br>LEI: 391200KURNDJSX9GX570 | Long             | DBT              | CORP              | DE        |    845000 | PA      | $894643.75    | 0.56%             | 2031-10-03      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| ALUMINA PTY LTD                     | Alumina Pty Ltd                                                                 | CUSIP: 02220AAA5<br>LEI: 2138002VD9MW2WT8HR38 | Long             | DBT              | CORP              | AU        |    580000 | PA      | $593163.59    | 0.37%             | 2030-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA            | Jones Deslauriers Insurance Management Inc                                      | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    412000 | PA      | $432851.32    | 0.27%             | 2030-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN            | Jefferies Finance LLC / JFIN Co-Issuer Corp                                     | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    440000 | PA      | $425121.27    | 0.27%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN               | Trivium Packaging Finance BV                                                    | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    357000 | PA      | $386395.74    | 0.24%             | 2031-01-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS             | Frontier Communications Holdings LLC                                            | CUSIP: 35906ABG2<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |    515000 | PA      | $520137.13    | 0.33%             | 2029-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE               | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    780000 | PA      | $861907.80    | 0.54%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BBAM US CLO LTD.                    | BBAM US CLO III Ltd                                                             | CUSIP: 054972AA2<br>LEI: 54930064Z7YZMOXBC128 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250000.00    | 0.16%             | 2038-10-15      | Floating      | 12.92%                | No            |                  2 | On Loan: No      |
| CAPSTONE BORROWER INC               | Capstone Borrower Inc                                                           | CUSIP: 140944AA7<br>LEI: 254900YSP2BAI3YKIX08 | Long             | DBT              | CORP              | US        |    481000 | PA      | $503025.47    | 0.32%             | 2030-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ARIS WATER HOLDINGS LLC             | Aris Water Holdings LLC                                                         | CUSIP: 04041NAA0<br>LEI: 5493007AWQW8ZKCHVV46 | Long             | DBT              | CORP              | US        |    560000 | PA      | $591199.59    | 0.37%             | 2030-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US            | Sealed Air Corp/Sealed Air Corp US                                              | CUSIP: 812127AB4<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    200000 | PA      | $209863.60    | 0.13%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP              | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    830000 | PA      | $841400.88    | 0.53%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                        | ADT Security Corp/The                                                           | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    970000 | PA      | $938005.62    | 0.59%             | 2029-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies    | Carlyle US CLO 2024-5 Ltd                                                       | CUSIP: 14319LAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $252088.25    | 0.16%             | 2036-10-25      | Floating      | 9.97%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC              | Venture Global LNG Inc                                                          | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    405000 | PA      | $419079.91    | 0.26%             | 2030-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                          | Terex Corp                                                                      | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |    795000 | PA      | $809863.32    | 0.51%             | 2032-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MIDCONTINENT COMMUNICATI            | Midcontinent Communications                                                     | CUSIP: 59565XAD2<br>LEI: 549300ZI9GDQBS28C408 | Long             | DBT              | CORP              | US        |    790000 | PA      | $813939.37    | 0.51%             | 2032-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FORESTAR GROUP INC                  | Forestar Group Inc                                                              | CUSIP: 346232AG6<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |    405000 | PA      | $414316.22    | 0.26%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV             | Sensata Technologies BV                                                         | CUSIP: 81725WAK9<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |   1030000 | PA      | $988462.52    | 0.62%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC             | American Axle & Manufacturing Inc                                               | CUSIP: 02406PBC3<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    560000 | PA      | $559054.48    | 0.35%             | 2032-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC                | Amentum Holdings Inc                                                            | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |   1070000 | PA      | $1111051.62   | 0.70%             | 2032-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC               | Nabors Industries Inc                                                           | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    282000 | PA      | $293280.00    | 0.18%             | 2030-01-31      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC             | Windstream Services LLC                                                         | CUSIP: 97382BAB5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |    575000 | PA      | $574844.75    | 0.36%             | 2033-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP            | Hilcorp Energy I LP / Hilcorp Finance Co                                        | CUSIP: 431318AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    128000 | PA      | $122796.63    | 0.08%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Hunter Douglas Inc.                 | Hunter Douglas Inc 2025 USD Term Loan B                                         | CUSIP: 000000000<br>LEI: 529900811T142NS3H544 | Long             | LON              | CORP              | US        |    379442 | PA      | $379441.99    | 0.24%             | 2032-01-20      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL CORP                     | Murphy Oil Corp                                                                 | CUSIP: 626717AP7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |    322000 | PA      | $317692.05    | 0.20%             | 2032-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN            | RHP Hotel Properties LP / RHP Finance Corp                                      | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              |  | US        |    775000 | PA      | $798164.75    | 0.50%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                        | UBS Group AG                                                                    | CUSIP: 902613BN7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    200000 | PA      | $206236.60    | 0.13%             | 2029-09-10      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc | Clydesdale Acquisition Holdings Inc 2025 Delayed Draw Term Loan                 | CUSIP: 18972FAF9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |      1949 | PA      | $1945.18      | 0.00%             | 2032-04-01      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd            | Neuberger Berman CLO XX Ltd                                                     | CUSIP: 64130UAQ5<br>LEI: 549300NPF57YF6WBDP72 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250903.50    | 0.16%             | 2039-04-15      | Floating      | 9.07%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                       | TransDigm Inc                                                                   | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1320000 | PA      | $1367698.20   | 0.86%             | 2030-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                      | Bombardier Inc                                                                  | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    395000 | PA      | $418712.75    | 0.26%             | 2031-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC               | Quikrete Holdings Inc                                                           | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    835000 | PA      | $868144.25    | 0.54%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP                     | Nordea Bank Abp                                                                 | CUSIP: 65558RAQ2<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |    795000 | PA      | $806522.73    | 0.51%             | 2033-11-10      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE             | Avis Budget Car Rental LLC / Avis Budget Finance Inc                            | CUSIP: 053773BC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    104000 | PA      | $103836.95    | 0.07%             | 2027-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                    | Bank of Montreal                                                                | CUSIP: 06368LQ58<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    585000 | PA      | $619929.77    | 0.39%             | 2084-05-26      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                | Matador Resources Co                                                            | CUSIP: 576485AH9<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    590000 | PA      | $592772.41    | 0.37%             | 2033-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                      | Bombardier Inc                                                                  | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     65000 | PA      | $67936.89     | 0.04%             | 2032-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP             | Asbury Automotive Group Inc                                                     | CUSIP: 043436AV6<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    660000 | PA      | $642786.87    | 0.40%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd     | Benefit Street Partners CLO Ltd                                                 | CUSIP: 08182EAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    220000 | PA      | $220157.74    | 0.14%             | 2038-04-20      | Floating      | 9.08%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS             | Frontier Communications Holdings LLC                                            | CUSIP: 35908MAB6<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |    230000 | PA      | $232705.49    | 0.15%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                    | UWM Holdings LLC                                                                | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    546000 | PA      | $543399.60    | 0.34%             | 2031-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AMN HEALTHCARE INC                  | AMN Healthcare Inc                                                              | CUSIP: 00175PAD5<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |    564000 | PA      | $565742.75    | 0.35%             | 2031-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                        | Novelis Corp                                                                    | CUSIP: 670001AH9<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    195000 | PA      | $177779.18    | 0.11%             | 2031-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HAWAIIAN ELEC CO                    | Hawaiian Electric Co Inc                                                        | CUSIP: 419866AV0<br>LEI: 549300PQE8D806LWQV52 | Long             | DBT              | CORP              | US        |    479000 | PA      | $483163.59    | 0.30%             | 2033-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN             | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                           | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1190000 | PA      | $1230330.29   | 0.77%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                    | Boyd Gaming Corp                                                                | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |    895000 | PA      | $862785.46    | 0.54%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                       | Ballyrock CLO 18 Ltd                                                            | CUSIP: 05875XAE8<br>LEI: 2549009NE3IA6DAH4G62 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $242202.75    | 0.15%             | 2038-04-15      | Floating      | 10.07%                | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC               | Caesars Entertainment Inc                                                       | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    845000 | PA      | $832291.03    | 0.52%             | 2032-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA            | Jones Deslauriers Insurance Management Inc                                      | CUSIP: 48020RAE5<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    775000 | PA      | $770937.53    | 0.48%             | 2033-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                      | Transocean International Ltd                                                    | CUSIP: 893830BZ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    180000 | PA      | $176405.52    | 0.11%             | 2031-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                          | Carvana Co                                                                      | CUSIP: 146869AM4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    330761 | PA      | $374496.87    | 0.23%             | 2031-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US            | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC   | CUSIP: 44287GAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    525000 | PA      | $540524.78    | 0.34%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                         | Staples Inc 2024 Term Loan B                                                    | CUSIP: 855031AU4<br>LEI: XQM2JINI1UL7642TU573 | Long             | LON              | CORP              | US        |    846450 | PA      | $800834.81    | 0.50%             | 2029-09-04      | Floating      | 10.05%                | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc | Clydesdale Acquisition Holdings Inc 2025 Term Loan B                            | CUSIP: 18972FAE2<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |    111187 | PA      | $110986.02    | 0.07%             | 2032-04-01      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC            | Celanese US Holdings LLC                                                        | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     63000 | PA      | $63411.95     | 0.04%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC              | AthenaHealth Group Inc                                                          | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |    420000 | PA      | $416563.55    | 0.26%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                 | NuStar Logistics LP                                                             | CUSIP: 67059TAH8<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    586000 | PA      | $606858.08    | 0.38%             | 2030-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK               | Toronto-Dominion Bank/The                                                       | CUSIP: 89116C4H7<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    800000 | PA      | $802000.00    | 0.50%             | 2085-10-31      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| WEATHERFORD INTERNATIONA            | Weatherford International Ltd                                                   | CUSIP: 947075AU1<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |    730000 | PA      | $746243.23    | 0.47%             | 2030-04-30      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| OLIN CORP                           | Olin Corp                                                                       | CUSIP: 680665AN6<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    620000 | PA      | $623197.96    | 0.39%             | 2033-04-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| MANITOWOC COMPANY INC               | Manitowoc Co Inc/The                                                            | CUSIP: 563571AN8<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | DBT              | CORP              | US        |    815000 | PA      | $855108.30    | 0.54%             | 2031-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| INEOS QUATTRO HOLDINGS UK LTD       | INEOS Quattro Holdings UK Ltd 2024 USD Term Loan B                              | CUSIP: 000000000<br>LEI: 213800HKSMBSJQ32CA45 | Long             | LON              | CORP              | US        |    398000 | PA      | $340954.66    | 0.21%             | 2031-10-07      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO            | Clear Channel Outdoor Holdings Inc                                              | CUSIP: 18453HAH9<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    430000 | PA      | $449594.67    | 0.28%             | 2033-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC                          | Arcosa Inc                                                                      | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |    805000 | PA      | $840816.87    | 0.53%             | 2032-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Bear Mountain Park CLO, Ltd         | Bear Mountain Park CLO Ltd                                                      | CUSIP: 07403KAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    150000 | PA      | $150373.95    | 0.09%             | 2037-07-15      | Floating      | 10.27%                | No            |                  2 | On Loan: No      |
| VICTRA HLDG/VICTRA FIN              | Victra Holdings LLC / Victra Finance Corp                                       | CUSIP: 92648DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    630000 | PA      | $660474.99    | 0.41%             | 2029-09-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CLOVER HOLDINGS 2 LLC               | Clover Holdings 2 LLC Fixed Term Loan B                                         | CUSIP: 18914DAC2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    917700 | PA      | $922866.65    | 0.58%             | 2031-12-09      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| INSTRUCTURE HOLDINGS INC            | Instructure Holdings Inc 2024 2nd Lien Term Loan                                | CUSIP: 45115MAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    296000 | PA      | $299238.24    | 0.19%             | 2032-11-12      | Floating      | 9.21%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC              | Venture Global LNG Inc                                                          | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    780000 | PA      | $818976.84    | 0.51%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                        | Novelis Corp                                                                    | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1784635.99   | 1.12%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WHITE CAP BUYER LLC                 | White Cap Buyer LLC                                                             | CUSIP: 96350RAA2<br>LEI: 254900L2N0T6GULCL366 | Long             | DBT              | CORP              | US        |   1381000 | PA      | $1376897.74   | 0.86%             | 2028-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies    | Carlyle US CLO 2024-1 Ltd                                                       | CUSIP: 142924AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $252837.00    | 0.16%             | 2037-04-15      | Floating      | 11.24%                | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd                     | Oaktree CLO 2019-3 Ltd                                                          | CUSIP: 67400GAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    200000 | PA      | $200482.20    | 0.13%             | 2038-01-20      | Floating      | 11.08%                | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP            | Hilcorp Energy I LP / Hilcorp Finance Co                                        | CUSIP: 431318AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1080000 | PA      | $1061367.08   | 0.67%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP              | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    765000 | PA      | $759898.67    | 0.48%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATI            | Consolidated Communications Inc                                                 | CUSIP: 20903XAF0<br>LEI: 549300WW675Y48HDVX34 | Long             | DBT              | CORP              | US        |    760000 | PA      | $772350.00    | 0.48%             | 2028-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC              | Cloud Software Group Inc                                                        | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   2170000 | PA      | $2189574.07   | 1.37%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC            | Prime Security Services Borrower LLC / Prime Finance Inc                        | CUSIP: 74166MAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $120491.40    | 0.08%             | 2026-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN            | Jefferies Finance LLC / JFIN Co-Issuer Corp                                     | CUSIP: 47232MAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $805326.98    | 0.50%             | 2031-10-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST             | Starwood Property Trust Inc                                                     | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    261000 | PA      | $269963.61    | 0.17%             | 2030-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PHINIA INC                          | Phinia Inc                                                                      | CUSIP: 71880KAB7<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |    410000 | PA      | $422559.53    | 0.26%             | 2032-10-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                     | OHA Credit Funding 9 Ltd                                                        | CUSIP: 67114DAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $150937.65    | 0.09%             | 2037-10-19      | Floating      | 9.83%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                       | ZF North America Capital Inc                                                    | CUSIP: 98877DAF2<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    795000 | PA      | $775824.04    | 0.49%             | 2030-04-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CMG MEDIA CORPORATION               | CMG Media Corp                                                                  | CUSIP: 125773AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    920000 | PA      | $844946.40    | 0.53%             | 2029-06-18      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                   | Herc Holdings Inc                                                               | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    255000 | PA      | $264875.13    | 0.17%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN            | USA Compression Partners LP / USA Compression Finance Corp                      | CUSIP: 91740PAH1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    778000 | PA      | $780976.01    | 0.49%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                      | Bombardier Inc                                                                  | CUSIP: 097751CA7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    695000 | PA      | $749482.44    | 0.47%             | 2030-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Storm King Park CLO, Ltd            | Storm King Park CLO LTD                                                         | CUSIP: 862179AG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    200000 | PA      | $200430.00    | 0.13%             | 2037-10-15      | Floating      | 10.47%                | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC            | Vistra Operations Co LLC                                                        | CUSIP: 92840VAQ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    625000 | PA      | $697087.50    | 0.44%             | 2033-10-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS             | Frontier Communications Holdings LLC                                            | CUSIP: 35908MAA8<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |    435000 | PA      | $439577.41    | 0.28%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS             | Surgery Center Holdings Inc                                                     | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |    825000 | PA      | $847477.95    | 0.53%             | 2032-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-27

**Name of Applicant:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST

**Signature:** James Hoffmayer

**Name of Signer:** James Hoffmayer

**Title:** VP