# EDGAR Filing Document

**Accession Number:** 0000908695
**File Stem:** 0001752724-25-160113
**Filing Date:** 2025-6
**Character Count:** 199914
**Document Hash:** 9f2f783991a69df666ed809b2924d432
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-160113.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-160113

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20250430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS III
- **CENTRAL INDEX KEY:** 0000908695

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07852
- **FILM NUMBER:** 251080051

**BUSINESS ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256
- **BUSINESS PHONE:** 210-697-3625

**MAIL ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA MUTUAL FUNDS TRUST
- **DATE OF NAME CHANGE:** 20060420

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX FREE TRUST
- **DATE OF NAME CHANGE:** 19940325

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX EXEMPT TRUST
- **DATE OF NAME CHANGE:** 19930707

## Series and Classes Contracts Data

### Victory High Income Fund (Formerly USAA High Income Fund) (Series ID: S000012898)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000034867 | Victory High Income Fund Shares               | USHYX           |
| C000066837 | Victory High Income Fund Institutional Shares | UIHIX           |
| C000175747 | Victory High Income Fund Class R6             | URHIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Victory Portfolios III

- **b. Investment Company Act file number:** 811-07852

- **c. CIK number of Registrant:** 0000908695

- **d. LEI of Registrant:** 549300WIDR2J6W1Y9S11

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

  - **Street Address 1:** 15935 La Cantera Pkwy Building Two

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 800-235-8396

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

- **a. Name of Series:** Victory High Income Fund

- **b. EDGAR series identifier (if any):** S000012898

- **c. LEI of Series:** 549300YX3N277LJWQZ46

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

- **a. Date of fiscal year-end:** 2025-04-30

- **b. Date as of which information is reported:** 2025-04-30

**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:** $1058450332.16

**Total Liabilities:** $53634714.43

**Net Assets:** $1004815617.73

**Cash Not Reported:** $3511597.64

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -281.47902852 | **1-Year:** -5283.22210302 | **5-Year:** -15568.55775316 | **10-Year:** -13640.63457752 | **30-Year:** -4057.45570085

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

- **3-Month:** -1594.35778447 | **1-Year:** -60315.09752400 | **5-Year:** -162309.13375193 | **10-Year:** -39123.40218434 | **30-Year:** -1157.04992167

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000066837 | 0.68%                | -0.80%               | 0.16%                |
| Class ID C000034867 | 0.67%                | -0.81%               | 0.16%                |
| Class ID C000175747 | 0.69%                | -0.79%               | 0.17%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $549020.19               | $-427833.03                                |
| Month 2  | $-899930.67              | $-13468508.92                              |
| Month 3  | $-3419041.04             | $-1564764.71                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GETTY IMAGES, INC.                                               | ABE INVESTMENT HOLDINGS INC                        | CUSIP: 37427UAQ3<br>LEI: 5493005NV20IG4VEKZ40 | Long             | LON              | CORP              | US        |    860000 | PA      | $847100.00    | 0.08%             | 2030-02-14      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| Performance Food Group, Inc.                                     | PERFORMANCE FOOD GROUP INC                         | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003703.85   | 0.10%             | 2032-09-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS, INC.                             | CLEAR CHANNEL OUTDOOR HOLDINGS INC                 | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   6573000 | PA      | $6579621.40   | 0.65%             | 2030-04-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| MINERAL RESOURCES LIMITED                                        | MINERAL RESOURCES LTD                              | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   2000000 | PA      | $1889230.57   | 0.19%             | 2028-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT, INC.                                      | CAESARS ENTERTAINMENT INC                          | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   5482000 | PA      | $5512167.76   | 0.55%             | 2032-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| AAR ESCROW ISSUER, LLC                                           | AAR ESCROW ISSUER LLC                              | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3069086.63   | 0.31%             | 2029-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NOVELIS CORPORATION                                              | NOVELIS INC                                        | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   1295000 | PA      | $1313885.72   | 0.13%             | 2030-01-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS, INC.                                       | IHEARTCOMMUNICATIONS INC                           | CUSIP: 45174HBJ5<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |   3800000 | PA      | $2930994.12   | 0.29%             | 2029-05-01      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| THE E.W. SCRIPPS COMPANY                                         | SCRIPPS ESCROW II INC                              | CUSIP: 81105DAB1<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |   4573000 | PA      | $2600199.29   | 0.26%             | 2031-01-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: —       |
| CREDIT ACCEPTANCE CORPORATION                                    | CREDIT ACCEPTANCE CORP                             | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    873000 | PA      | $859556.25    | 0.09%             | 2030-03-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST, INC.                                    | STARWOOD PROPERTY TRUST INC                        | CUSIP: 85571BAY1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    500000 | PA      | $490094.84    | 0.05%             | 2027-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| ALTERRA MOUNTAIN COMPANY                                         | ALTERRA MOUNTAIN CO                                | CUSIP: 46124CAR8<br>LEI: 549300C5O4FSVNUEI843 | Long             | LON              | CORP              | US        |    490059 | PA      | $490059.28    | 0.05%             | 2030-05-31      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE 2 PLC                                        | HOWDEN UK REFINANCE PLC                            | CUSIP: 44287DAA1<br>LEI: 875500O63ODR8S3K5X33 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $506941.99    | 0.05%             | 2032-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| AIR CANADA 2013-1 PASS THROUGH TRUST                             | AIR CANADA 2013 1 CLASS A PTT                      | CUSIP: 009089AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   3779130 | PA      | $3768969.69   | 0.38%             | 2026-11-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Viper Energy, Inc.                                               | VIPER ENERGY PARTNERS LP                           | CUSIP: 92763MAB1<br>LEI: 5299009LINL232255G03 | Long             | DBT              | CORP              | US        |   1552000 | PA      | $1613484.29   | 0.16%             | 2031-11-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS, LLC                                                | CSC HOLDINGS LLC                                   | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1635044.79   | 0.16%             | 2029-02-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                              | COMM 2024 277P MORTGAGE TRUST                      | CUSIP: 12654FAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1605497.01   | 0.16%             | 2044-08-10      | Fixed         | 7.23%                 | Yes           |                  2 | On Loan: No      |
| CAPSTONE BORROWER, INC.                                          | CAPSTONE BORROWER INC                              | CUSIP: 140944AA7<br>LEI: 254900YSP2BAI3YKIX08 | Long             | DBT              | CORP              | US        |    500000 | PA      | $510946.57    | 0.05%             | 2030-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                                        | SUNOCO LP                                          | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1554000.86   | 0.15%             | 2032-05-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION HOLDINGS, INC.                            | CLYDESDALE ACQUISITION HOLDINGS INC                | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    375000 | PA      | $383631.40    | 0.04%             | 2032-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ACRISURE, LLC                                                    | ACRISURE LLC ACRISURE FINANCE INC                  | CUSIP: 00489LAL7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |   1205000 | PA      | $1230441.01   | 0.12%             | 2030-11-06      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| ROCKET SOFTWARE, INC.                                            | ROCKET SOFTWARE INC                                | CUSIP: 77313DAW1<br>LEI: 549300PVG26ISP5X1556 | Long             | LON              | CORP              | US        |   2970000 | PA      | $2946893.40   | 0.29%             | 2028-11-28      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| WERNER FINCO LP                                                  | WERNER FINCO LP WERNER FINCO INC                   | CUSIP: 95076PAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $524997.96    | 0.05%             | 2028-06-15      | Fixed         | 11.50%                | Yes           |                  2 | On Loan: No      |
| UNITED STATES STEEL CORPORATION                                  | UNITED STATES STEEL CORP                           | CUSIP: 912909AU2<br>LEI: JNLUVFYJT1OZSIQ24U47 | Long             | DBT              | CORP              | US        |    903000 | PA      | $904792.57    | 0.09%             | 2029-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS, LLC                                                | CCO HLDGS LLC CAP CORP                             | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $464472.25    | 0.05%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| EXCELERATE ENERGY LIMITED PARTNERSHIP                            | EXCELERATE ENERGY LP                               | CUSIP: 30069UAA6<br>LEI: LGL4IE90TNTFYJ55BK06 | Long             | DBT              | CORP              | US        |    442000 | PA      | $448657.60    | 0.04%             | 2030-05-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                                              | RESIDEO FUNDING INC                                | CUSIP: 76119LAD3<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |   2318000 | PA      | $2297338.64   | 0.23%             | 2032-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                                       | FLAGSHIP CREDIT AUTO TRUST 2019 3                  | CUSIP: 33846AAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    686423 | PA      | $685889.80    | 0.07%             | 2026-12-15      | Fixed         | 3.84%                 | Yes           |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC.                                            | NEPTUNE BIDCO US INC                               | CUSIP: 64069JAC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |    200795 | PA      | $176713.55    | 0.02%             | 2029-04-11      | Floating      | 9.23%                 | No            |                  2 | On Loan: No      |
| ESAB CORPORATION                                                 | ESAB CORP                                          | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |    500000 | PA      | $506812.44    | 0.05%             | 2029-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC.                                 | STANDARD INDUSTRIES INC NJ                         | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2795046.02   | 0.28%             | 2030-07-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| ORGANON & CO.                                                    | ORGANON FINANCE 1 LLC                              | CUSIP: 68622TAB7<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2516751.39   | 0.25%             | 2031-04-30      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                    | FORD MOTOR CREDIT CO LLC                           | CUSIP: 345397B36<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3559966.73   | 0.35%             | 2030-11-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Grupo Aeromexico, S.A.B. de C.V.                                 | GRUPO AEROMEXICO SAB DE CV                         | CUSIP: 40054JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |   3870000 | PA      | $3583094.79   | 0.36%             | 2031-11-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: —       |
| ZOOMINFO TECHNOLOGIES LLC                                        | ZOOMINFO TECHNOLOGIES LLC ZOOMINFO FINANCE CORP    | CUSIP: 98981BAA0<br>LEI: 254900NOX7TLOJ3WS309 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1837653.67   | 0.18%             | 2029-02-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC.                                                  | BOMBARDIER INC                                     | CUSIP: 097751BX8<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   2500000 | PA      | $2470198.22   | 0.25%             | 2028-02-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC.                                               | NEXSTAR ESCROW INC                                 | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1483913.60   | 0.15%             | 2027-07-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| PRESTIGE BRANDS, INC.                                            | PRESTIGE BRANDS INC                                | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |   5300000 | PA      | $4787338.80   | 0.48%             | 2031-04-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| ALLIANCE LAUNDRY SYSTEMS LLC                                     | ALLIANCE LAUNDRY SYSTEMS LLC                       | CUSIP: 01862LBA5<br>LEI: 549300YBOGK6MBI5ND34 | Long             | LON              | CORP              | US        |   3000000 | PA      | $2973390.00   | 0.30%             | 2031-08-11      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| IHO Verwaltungs GmbH                                             | IHO VERWALTUNGS GMBH                               | CUSIP: 44963BAD0<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |   1023600 | PA      | $983851.67    | 0.10%             | 2029-05-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| EMRLD BORROWER LP                                                | EMRLD BORROWER LP EMERALD CO ISSUER INC            | CUSIP: 26873CAB8<br>LEI: 5493000GJYE7GAQCUC61 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1301233.30   | 0.13%             | 2031-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NP SPE X L P                                                     | NP SPE II LLC                                      | CUSIP: 62947AAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1568452 | PA      | $1521144.71   | 0.15%             | 2049-11-19      | Fixed         | 6.44%                 | Yes           |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE, INC.                                   | WALGREENS BOOTS ALLIANCE INC                       | CUSIP: 931427AW8<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2079544.37   | 0.21%             | 2029-08-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: —       |
| BAYTEX ENERGY CORP.                                              | BAYTEX ENERGY CORP                                 | CUSIP: 07317QAK1<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |   3704000 | PA      | $3193873.49   | 0.32%             | 2032-03-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| MATCH GROUP HOLDINGS II, LLC                                     | MATCH GROUP INC                                    | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1924619.53   | 0.19%             | 2028-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS, INC.                                          | QUIKRETE HOLDINGS INC                              | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   4364000 | PA      | $4393294.17   | 0.44%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                         | 30 YEAR US TREASURY BOND FUTURE JUN25              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         6 | NC      | $13015.83     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHS Inc.                                                         | CHS INC                                            | CUSIP: 12542R506<br>LEI: XEIEFTLYDQ1MZ6TZV015 | Long             | EP               | CORP              | US        |     76204 | NS      | $1924151.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| TENET HEALTHCARE CORPORATION                                     | TENET HEALTHCARE CORP                              | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   4366000 | PA      | $4330810.18   | 0.43%             | 2027-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ROLLER BEARING COMPANY OF AMERICA, INC.                          | ROLLER BEARING CO OF AMERICA INC                   | CUSIP: 775631AD6<br>LEI: 254900U9XW6S76H2P167 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $949411.61    | 0.09%             | 2029-10-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST, INC.                                    | STARWOOD PROPERTY TRUST INC                        | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    500000 | PA      | $518945.05    | 0.05%             | 2029-04-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| POST ROAD EQUIPMENT FINANCE LLC                                  | POST ROAD EQUIPMENT FINANCE 2024 1 LLC             | CUSIP: 737473AE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    333000 | PA      | $341982.88    | 0.03%             | 2030-10-15      | Fixed         | 6.77%                 | Yes           |                  2 | On Loan: No      |
| CIMPRESS PUBLIC LIMITED COMPANY                                  | CIMPRESS PLC                                       | CUSIP: 17186HAH5<br>LEI: 549300X1IFD75XISOR81 | Long             | DBT              | CORP              | IE        |   1100000 | PA      | $1003397.93   | 0.10%             | 2032-09-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| AMC ENTERTAINMENT HOLDINGS, INC.                                 | AMC ENTERTAINMENT HOLDINGS INC                     | CUSIP: 00164CAD7<br>LEI: 549300ZO77UNR6NRBR11 | Long             | LON              | CORP              | US        |   2583285 | PA      | $2538619.98   | 0.25%             | 2029-01-04      | Floating      | 11.32%                | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES, LLC                                         | WINDSTREAM SERVICES LLC                            | CUSIP: 97381JAJ2<br>LEI: 549300KT9GVEBYCD2N29 | Long             | LON              | CORP              | US        |   1000000 | PA      | $992500.00    | 0.10%             | 2031-09-26      | Floating      | 9.07%                 | No            |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                             | SANTANDER BANK AUTO CREDIT LINKED NOTES SERIES 202 | CUSIP: 80280BAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1001000 | PA      | $992598.16    | 0.10%             | 2033-01-18      | Fixed         | 6.80%                 | Yes           |                  2 | On Loan: No      |
| INDICOR, LLC                                                     | ROPER INDUSTRIAL PRODUCTS INVESTMENT CO            | CUSIP: 77669LAK9<br>LEI: 254900RXO1EICEHOLG29 | Long             | LON              | CORP              | US        |   2942911 | PA      | $2913952.94   | 0.29%             | 2029-11-23      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| WINDSOR HOLDINGS III, LLC                                        | WINDSOR HOLDINGS III LLC                           | CUSIP: 97360AAA5<br>LEI: 254900IXUJZ9H146T437 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2104416.71   | 0.21%             | 2030-06-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| DISH DBS Corporation                                             | DISH DBS CORP                                      | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $871217.97    | 0.09%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| United States of America                                         | 10 YEAR US TREASURY NOTE FUTURE JUN25              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        80 | NC      | $270423.36    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FRONTIER ISSUER LLC                                              | FRONTIER ISSUER LLC                                | CUSIP: 35910EAP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5551195 | PA      | $6129275.51   | 0.61%             | 2054-06-20      | Fixed         | 11.16%                | Yes           |                  2 | On Loan: No      |
| GREAT CANADIAN GAMING CORPORATION                                | GREAT CANADIAN GAMING CORP                         | CUSIP: 389925AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    837000 | PA      | $831069.70    | 0.08%             | 2029-11-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| RESORTS WORLD LAS VEGAS LLC                                      | RESORTS WORLD LAS VEGAS LLC                        | CUSIP: 76120HAC1<br>LEI: 254900LHVH9D3APT8R82 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $881179.95    | 0.09%             | 2031-04-06      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG, INC.                                         | VENTURE GLOBAL LNG INC                             | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    325000 | PA      | $330518.15    | 0.03%             | 2032-02-01      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| CROWN CASTLE INC.                                                | CROWN CASTLE INTL CORP                             | CUSIP: 22823PSD6<br>LEI: 54930012H97VSM0I2R19 | Long             | STIV             | CORP              | US        |   2500000 | PA      | $2495605.25   | 0.25%             |  |  |  | Yes           |                  2 | On Loan: No      |
| JETBLUE AIRWAYS CORPORATION                                      | JETBLUE AIRWAYS CORP JETBLUE LOYALTY LP            | CUSIP: 476920AA1<br>LEI: 54930070J9H97ZO93T57 | Long             | DBT              | CORP              | US        |   3800000 | PA      | $3502181.46   | 0.35%             | 2031-09-20      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| Spirit Airlines Class A Pass Through Certificates, Series 2015-1 | SPIRIT AIRLINES PTT 2015 1A                        | CUSIP: 84858DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1472416 | PA      | $1338766.89   | 0.13%             | 2029-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| ONE MANHATTAN WEST                                               | MANHATTAN WEST 2020 1MW                            | CUSIP: 563136AJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1155404 | PA      | $1067665.82   | 0.11%             | 2040-09-10      | Variable      | 2.41%                 | Yes           |                  2 | On Loan: No      |
| NORDSTROM, INC.                                                  | NORDSTROM INC                                      | CUSIP: 655664AT7<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1773403.60   | 0.18%             | 2030-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE, LLC                               | ALLIANT HOLDINGS INTERMEDIATE LLC                  | CUSIP: 01883LAG8<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1997330.23   | 0.20%             | 2031-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| HUDSON YARDS MORTGAGE TRUST                                      | HUDSON YARDS 2025 SPRL MORTGAGE TRUST              | CUSIP: 44855PAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $102530.26    | 0.01%             | 2040-01-13      | Fixed         | 6.34%                 | Yes           |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP.                                            | LAS VEGAS SANDS CORP                               | CUSIP: 517834AL1<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    939000 | PA      | $921742.86    | 0.09%             | 2034-08-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INCORPORATED                                     | CHURCHILL DOWNS INC                                | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2526148.88   | 0.25%             | 2031-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROUP, INC.                                  | SINCLAIR TELEVISION GROUP INC                      | CUSIP: 829259BF6<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1232060.50   | 0.12%             | 2032-12-31      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| NORTHRIVER MIDSTREAM FINANCE LP                                  | NORTHRIVER MIDSTREAM FINANCE LP                    | CUSIP: 66679NAB6<br>LEI: 549300SOLNLY3BL6GF18 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $1986906.77   | 0.20%             | 2032-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| GARRETT MOTION HOLDINGS INC.                                     | GARRETT MOTION HOLDINGS INC GARRETT LX I SARL      | CUSIP: 366504AA6<br>LEI: 5493001N1N6Z0SR83G07 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $997544.11    | 0.10%             | 2032-05-31      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| TAYLOR MORRISON COMMUNITIES, INC.                                | TAYLOR MORRISON COMMUNITIES INC                    | CUSIP: 87724RAJ1<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |   2183000 | PA      | $2115378.66   | 0.21%             | 2030-08-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND                             | HSBC US GOVT MMKT-I                                | CUSIP: 40428X107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   9792937 | NS      | $9792937.28   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| CEC ENTERTAINMENT, LLC                                           | CEC ENTERTAINMENT LLC                              | CUSIP: 125137AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    883000 | PA      | $867475.56    | 0.09%             | 2026-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Azorra Finance Limited                                           | AZORRA FINANCE LTD                                 | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |   4175000 | PA      | $4149271.53   | 0.41%             | 2030-04-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| GRAHAM PACKAGING COMPANY INC.                                    | GPC MERGER SUB INC                                 | CUSIP: 384701AA6<br>LEI: 549300YS0ZFT826HIK72 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244225.19    | 0.02%             | 2028-08-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES, LP                                         | RHP HOTEL PROPERTIES LP RHP FINANCE CORP           | CUSIP: 749571AG0<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1914405.70   | 0.19%             | 2029-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| POST ROAD EQUIPMENT FINANCE LLC                                  | POST ROAD EQUIPMENT FINANCE 2025 1 LLC             | CUSIP: 73747LAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    706000 | PA      | $716065.94    | 0.07%             | 2032-05-17      | Fixed         | 8.58%                 | Yes           |                  2 | On Loan: No      |
| CCI BUYER, INC.                                                  | CCI BUYER INC                                      | CUSIP: 12510EAC1<br>LEI: 254900TMV7DAFRQALU04 | Long             | LON              | CORP              | US        |    987147 | PA      | $986544.39    | 0.10%             | 2027-12-17      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| TRONOX INCORPORATED                                              | TRONOX INC                                         | CUSIP: 897051AC2<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $893655.58    | 0.09%             | 2029-03-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: —       |
| GXO LOGISTICS, INC.                                              | GXO LOGISTICS INC                                  | CUSIP: 36262GAG6<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |   4472000 | PA      | $4463944.86   | 0.44%             | 2034-05-06      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GENON                                                            | GENON                                              | CUSIP: 939CER907<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16168 | NS      | $282940.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING BRANDS, INC.                                | CORNERSTONE BUILDING BRANDS INC                    | CUSIP: 21925DAB5<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |   4271000 | PA      | $3716622.83   | 0.37%             | 2029-08-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| CENTRAL PARENT LLC                                               | CENTRAL PARENT INC CENTRAL MERGER SUB INC          | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4500000 | PA      | $3867834.11   | 0.38%             | 2029-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| OPEN TEXT INC.                                                   | OPEN TEXT CORP OPEN TEXT HOLDINGS INC              | CUSIP: 683720AC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3128854.93   | 0.31%             | 2031-12-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| VERITIV OPERATING COMPANY                                        | VERDE PURCHASER LLC                                | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |    250000 | PA      | $261517.23    | 0.03%             | 2030-11-30      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| ARDONAGH MIDCO 3 LIMITED                                         | ARDONAGH GROUP FINCO PTY LTD                       | CUSIP: Q0500HAB5<br>LEI: 549300C8F38DVT8CAO43 | Long             | LON              | CORP              | GB        |   1500000 | PA      | $1467195.00   | 0.15%             | 2031-03-07      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS, LLC                            | FRONTIER COMMUNICATIONS CORP                       | CUSIP: 35906ABG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13759000 | PA      | $13823780.75  | 1.38%             | 2029-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NOVA Chemicals Corporation                                       | NOVA CHEMICALS CORP                                | CUSIP: 66977WAS8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2215000 | PA      | $2093190.26   | 0.21%             | 2029-05-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROUP, INC.                                  | SINCLAIR TELEVISION GROUP INC                      | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   1309000 | PA      | $1297071.52   | 0.13%             | 2033-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATIONS, INC.                                | CONSOLIDATED COMMUNICATI                           | CUSIP: 20903XAF0<br>LEI: 549300WW675Y48HDVX34 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2456297.44   | 0.24%             | 2028-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ZAYO ISSUER, LLC                                                 | ZAYO ISSUER LLC                                    | CUSIP: 98919WAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2498737.55   | 0.25%             | 2055-03-20      | Fixed         | 8.66%                 | Yes           |                  2 | On Loan: No      |
| ARD Finance S.A.                                                 | ARD FINANCE SA                                     | CUSIP: 00191AAD8<br>LEI: 6354006P6QPGGPVJW880 | Long             | DBT              | CORP              | LU        |   2072500 | PA      | $49844.52     | 0.00%             | 2027-06-30      | Variable      | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Viking Cruises Ltd                                               | VIKING CRUISES LTD                                 | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |   1192000 | PA      | $1274490.45   | 0.13%             | 2031-07-15      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings, Inc.                                              | POST HOLDINGS INC                                  | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   5841000 | PA      | $5891743.55   | 0.59%             | 2032-02-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| DYE DURHAM CORP                                                  | DYE DURHAM CORP                                    | CUSIP: C3117CAB0<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    408214 | PA      | $408213.97    | 0.04%             | 2031-04-07      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| J. B. POINDEXTER & CO., INC.                                     | JB POINDEXTER CO INC                               | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2012836.67   | 0.20%             | 2031-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                           | EQUIPMENTSHARE COM INC                             | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1018105.90   | 0.10%             | 2032-05-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| NCR VOYIX CORPORATION                                            | NCR CORP                                           | CUSIP: 62886EBA5<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |    729000 | PA      | $702107.30    | 0.07%             | 2029-04-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| VT TOPCO, INC.                                                   | VT TOPCO INC                                       | CUSIP: 91838PAA9<br>LEI: 5493007T812R37X02Y38 | Long             | DBT              | CORP              | US        |    500000 | PA      | $523213.48    | 0.05%             | 2030-08-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| NCL CORPORATION LTD.                                             | NCL CORP LTD                                       | CUSIP: 62886HBG5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    295000 | PA      | $304548.33    | 0.03%             | 2029-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| UNITI FIBER ABS ISSUER LLC                                       | UNITI FIBER ABS ISSUER LLC                         | CUSIP: 91326EAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2047308.68   | 0.20%             | 2055-04-20      | Fixed         | 9.02%                 | Yes           |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORPORATION                                    | REGIONS FINANCIAL CORP                             | CUSIP: 7591EPAR1<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $995803.18    | 0.10%             | 2199-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC.                                                 | NORTONLIFELOCK INC                                 | CUSIP: 668771AL2<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    500000 | PA      | $514479.01    | 0.05%             | 2030-09-30      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                 | ALTICE FRANCE SA FRANCE                            | CUSIP: 02156LAC5<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   7500000 | PA      | $6205024.29   | 0.62%             | 2028-01-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: —       |
| 1261229 B.C. Ltd                                                 | 1261229 BC LTD                                     | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1525000 | PA      | $1494317.74   | 0.15%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS, LLC                                                | CSC HOLDINGS LLC                                   | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2055153.26   | 0.20%             | 2030-12-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| VISTAJET MALTA FINANCE P.L.C.                                    | VISTAJET MALTA FINANCE PLC VISTA INC               | CUSIP: 92841HAA0<br>LEI: 5299001UK94VGT0CPQ36 | Long             | DBT              | CORP              | MT        |   1616000 | PA      | $1578900.08   | 0.16%             | 2028-06-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: —       |
| SAKS GLOBAL ENTERPRISES LLC                                      | SAKS GLOBAL ENTERPRISES LLC                        | CUSIP: 79380MAA3<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |   2834000 | PA      | $1716483.19   | 0.17%             | 2029-12-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| Eldorado Gold Corporation                                        | ELDORADO GOLD CORP                                 | CUSIP: 284902AF0<br>LEI: 5493004PWQ01YDD1IH62 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $1969915.76   | 0.20%             | 2029-09-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO                            | INVESCO GVT & AGNCY-INST                           | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   9792937 | NS      | $9792937.28   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| CCO HOLDINGS, LLC                                                | CCO HOLDINGS LLC CCO HOLDINGS CAPITAL CORP         | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3365755.81   | 0.33%             | 2034-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| SEALED AIR CORPORATION                                           | SEALED AIR CORP                                    | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3053662.52   | 0.30%             | 2032-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| WESTJET LOYALTY LP                                               | WESTJET LOYALTY LP                                 | CUSIP: C9763HAB3<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    990000 | PA      | $938025.00    | 0.09%             | 2031-02-14      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| PETCO HEALTH AND WELLNESS COMPANY, INC.                          | PETCO ANIMAL SUPPLIES INC                          | CUSIP: 71601HAB2<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |   5973912 | PA      | $5196168.49   | 0.52%             | 2028-02-25      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| ONTARIO GAMING GTA LIMITED PARTNERSHIP                           | ONTARIO GAMING GTA LP                              | CUSIP: C6907UAB7<br>LEI: 894500EC9KLZLOC3V025 | Long             | LON              | CORP              | CA        |   1866890 | PA      | $1802482.77   | 0.18%             | 2030-08-01      | Floating      | 8.55%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORPORATION                                         | DISH NETWORK CORP                                  | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5252970.19   | 0.52%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| SABRE GLBL INC.                                                  | SABRE GLBL INC                                     | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |   2706000 | PA      | $2588774.73   | 0.26%             | 2029-11-15      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| UKG INC.                                                         | UKG INC                                            | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |   2471000 | PA      | $2544033.03   | 0.25%             | 2031-02-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| URBAN ONE, INC.                                                  | URBAN ONE INC                                      | CUSIP: 91705JAC9<br>LEI: 549300PLGIGPBRQUP240 | Long             | DBT              | CORP              | US        |   3616000 | PA      | $1734065.78   | 0.17%             | 2028-02-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC.                                 | STANDARD INDUSTRIES INC NJ                         | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4418850.90   | 0.44%             | 2031-01-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| ARCOSA, INC.                                                     | ARCOSA INC                                         | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1528163.30   | 0.15%             | 2032-08-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS, LLC                                             | SHIFT4 PAYMENTS LLC                                | CUSIP: 82453AAB3<br>LEI: 254900GTEMR7L40VPI74 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1014251.15   | 0.10%             | 2032-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                                               | FORD MOTOR CO                                      | CUSIP: 345370CQ1<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1495118.61   | 0.15%             | 2043-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                         | SERVICE PROPERTIES TRUST                           | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1060853.62   | 0.11%             | 2031-11-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| EMBECTA CORP.                                                    | EMBECTA CORP                                       | CUSIP: 29082KAB1<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $967500.00    | 0.10%             | 2030-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| VALLOUREC SA                                                     | VALLOUREC SACA                                     | CUSIP: 92023RAA8<br>LEI: 969500P2Q1B47H4MCJ34 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $259003.29    | 0.03%             | 2032-04-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| AVENTURA MALL VENTURE                                            | AVENTURA MALL TRUST                                | CUSIP: 05359AAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2867687.68   | 0.29%             | 2040-07-05      | Variable      | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Gray Media, Inc                                                  | GRAY TELEVISION INC                                | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   5791000 | PA      | $5944973.61   | 0.59%             | 2029-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: —       |
| CITIZENS FINANCIAL GROUP, INC.                                   | CITIZENS FINANCIAL GROUP INC                       | CUSIP: 174610AU9<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   2296000 | PA      | $2276296.45   | 0.23%             | 2199-12-31      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| MOSS CREEK RESOURCES HOLDINGS, INC.                              | MOSS CREEK RESOURCES HOLDINGS INC                  | CUSIP: 61965RAC9<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |   5507000 | PA      | $5059712.51   | 0.50%             | 2031-09-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| 720 EAST CLO LTD                                                 | 720 EAST CLO 2023 II LTD                           | CUSIP: 817942AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1499788.50   | 0.15%             | 2036-10-15      | Floating      | 12.87%                | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC.                                    | UNIVISION COMMUNICATIONS INC                       | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1823217.20   | 0.18%             | 2030-06-30      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND                   | GLDMN SCHS FIN SQ GV-FST                           | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   9792937 | NS      | $9792937.28   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| ASHTON WOODS USA L.L.C.                                          | ASHTON WOODS USA LLC ASHTON WOODS FINANCE CO       | CUSIP: 045086AP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5032000 | PA      | $4618840.43   | 0.46%             | 2030-04-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT, LLC                                      | FERTITTA ENTERTAINMENT LLC                         | CUSIP: 31556TAC3<br>LEI: 984500A0805D8V551D35 | Long             | DBT              | CORP              | US        |   4624000 | PA      | $4039119.62   | 0.40%             | 2030-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: —       |
| ATHENAHEALTH GROUP INC.                                          | MINERVA MERGER SUB INC                             | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |    500000 | PA      | $478159.02    | 0.05%             | 2030-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| LOUISIANA-PACIFIC CORPORATION                                    | LOUISIANA PACIFIC CORP                             | CUSIP: 546347AM7<br>LEI: 549300C7E2UAO5BVRR75 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $933819.14    | 0.09%             | 2029-03-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS II, LLC                                 | LCM INVESTMENTS HOLDINGS II LLC                    | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1047212.88   | 0.10%             | 2031-08-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| GRIFFON CORPORATION                                              | GRIFFON CORP                                       | CUSIP: 398433AP7<br>LEI: 5493000C2SGNC7ZN3242 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1479678.33   | 0.15%             | 2028-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES, INC.                                       | ALBERTSONS COS SAFEWAY                             | CUSIP: 013092AE1<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7244668.51   | 0.72%             | 2030-02-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER, LP                                             | MOZART DEBT MERGER SUB INC                         | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   4842000 | PA      | $4516738.35   | 0.45%             | 2029-04-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| AXON ENTERPRISE, INC.                                            | AXON ENTERPRISE INC                                | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |   1295000 | PA      | $1321484.98   | 0.13%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| THE CHEMOURS COMPANY                                             | CHEMOURS CO THE                                    | CUSIP: 163851AH1<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2511912.79   | 0.25%             | 2029-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: —       |
| SEAGATE HDD CAYMAN                                               | SEAGATE HDD CAYMAN                                 | CUSIP: 81180WBM2<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |   2090000 | PA      | $2360896.71   | 0.23%             | 2032-12-01      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| WESTERN DIGITAL CORPORATION                                      | WESTERN DIGITAL CORP                               | CUSIP: 958102AR6<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |    682000 | PA      | $581619.19    | 0.06%             | 2032-02-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| iShares iBoxx $ High Yield Corporate Bond ETF                    | ISHARES IBOXX HIGH YIELD CORPORATE BOND ETF        | CUSIP: 464288513<br>LEI: 549300FCCXHK7O37PQ68 | Long             |  | RF                | US        |       599 | NS      | $47081.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| HOWMET AEROSPACE INC.                                            | ALCOA INC                                          | CUSIP: 013817AK7<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1042944.69   | 0.10%             | 2037-02-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORPORATION                                     | TENET HEALTHCARE CORP                              | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   2683000 | PA      | $2677049.61   | 0.27%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD.                                             | NCL CORP LTD                                       | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   5913000 | PA      | $5773008.10   | 0.57%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: —       |
| VISTAJET MALTA FINANCE P.L.C.                                    | VISTAJET MALTA XO MGMT                             | CUSIP: 92840JAB5<br>LEI: 5299001UK94VGT0CPQ36 | Long             | DBT              | CORP              | MT        |   2195000 | PA      | $1893507.64   | 0.19%             | 2030-02-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: —       |
| UNICREDIT, SOCIETA PER AZIONI                                    | UNICREDIT SPA                                      | CUSIP: 904678AF6<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |   5000000 | PA      | $5014998.48   | 0.50%             | 2032-06-19      | Fixed         | 5.86%                 | Yes           |                  2 | On Loan: No      |
| Performance Food Group, Inc.                                     | PERFORMANCE FOOD GROUP INC                         | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3312420.29   | 0.33%             | 2029-08-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                           | EQUIPMENTSHARE COM INC                             | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3564190.85   | 0.35%             | 2028-05-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOANS INC                                       | CWHL MORTGAGE PASS THROUGH TRUST 2004 25           | CUSIP: 12669GKD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    402051 | PA      | $37857.90     | 0.00%             | 2035-02-25      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                             | SANTANDER BANK AUTO CREDIT LINKED NOTES SERIES 202 | CUSIP: 80290CBV5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    105151 | PA      | $105577.28    | 0.01%             | 2033-06-15      | Fixed         | 6.74%                 | Yes           |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                              | SIRIUS XM RADIO INC                                | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $894555.42    | 0.09%             | 2030-07-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| AMYNTA AGENCY BORROWER INC                                       | AMYNTA AGENCY BORROWER INC                         | CUSIP: 57810JAL2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1980062 | PA      | $1959845.99   | 0.20%             | 2031-12-29      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP LP                                                   | UNITI GROUP CSL CAPITAL LLC                        | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1828621.43   | 0.18%             | 2029-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MONEYGRAM INTERNATIONAL, INC.                                    | MOBIUS MERGER SUB INC                              | CUSIP: 606950AA1<br>LEI: 5299002DLX0Q04KC4156 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1195838.26   | 0.12%             | 2030-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| VERMILION ENERGY INC.                                            | VERMILION ENERGY INC                               | CUSIP: 923725AE5<br>LEI: WT03B8BB1IX8WI9ZGV02 | Long             | DBT              | CORP              | CA        |   1800000 | PA      | $1519839.69   | 0.15%             | 2033-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS, INC.                                        | FRONT RANGE BIDCO INC                              | CUSIP: 98919VAB1<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1640645.82   | 0.16%             | 2028-03-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: —       |
| CVS HEALTH CORPORATION                                           | CVS HEALTH CORP                                    | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1935000 | PA      | $1957725.53   | 0.19%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I, L.P.                                        | HARVEST MIDSTREAM I LP                             | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4077277.49   | 0.41%             | 2032-05-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| WINDSTREAM SERVICES, LLC                                         | WINDSTREAM ESCROW LLC                              | CUSIP: 97381AAA0<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1025341.66   | 0.10%             | 2031-10-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Bausch + Lomb Corporation                                        | BAUSCH LOMB CORP                                   | CUSIP: C0787FAF9<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |   1477500 | PA      | $1461498.68   | 0.15%             | 2028-09-29      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE, INC.                                         | GROUP 1 AUTOMOTIVE INC                             | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1012232.41   | 0.10%             | 2030-01-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| X CORP.                                                          | X CORP                                             | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    997449 | PA      | $965281.25    | 0.10%             | 2029-10-26      | Floating      | 10.80%                | No            |                  2 | On Loan: No      |
| EMRLD BORROWER LP                                                | EMERALD DEBT MERGER SUB LLC                        | CUSIP: 29103CAA6<br>LEI: 5493000GJYE7GAQCUC61 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3045343.56   | 0.30%             | 2030-12-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| MSILF Government Portfolio                                       | MSILF GOVERNMENT-INST                              | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   9792937 | NS      | $9792937.26   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| ATS CORPORATION                                                  | ATS AUTOMATION TOOLING SYSTEMS INC                 | CUSIP: 001940AC9<br>LEI: 5493005KP4RP3IU7HQ41 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $928547.90    | 0.09%             | 2028-12-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| THE E.W. SCRIPPS COMPANY                                         | SCRIPPS ESCROW II INC                              | CUSIP: 81105DAA3<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $2690651.11   | 0.27%             | 2029-01-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: —       |
| FMC CORPORATION                                                  | FMC CORP                                           | CUSIP: 34410WS29<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | STIV             | CORP              | US        |   4000000 | PA      | $3998877.20   | 0.40%             |  |  |  | Yes           |                  2 | On Loan: No      |
| TAYLOR MORRISON COMMUNITIES, INC.                                | TAYLOR MORRISON COMM                               | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000880.30   | 0.10%             | 2028-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| VB-S1 ISSUER, LLC                                                | VB S1 ISSUER LLC VBTEL                             | CUSIP: 91823ABG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    875000 | PA      | $915637.71    | 0.09%             | 2054-05-15      | Fixed         | 8.87%                 | Yes           |                  2 | On Loan: No      |
| LABL, INC.                                                       | LABL INC                                           | CUSIP: 50168EAN2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | LON              | CORP              | US        |    987245 | PA      | $848458.01    | 0.08%             | 2028-10-29      | Floating      | 9.32%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC.                                             | GLOBAL PAYMENTS INC                                | CUSIP: 37961CSD5<br>LEI: 549300NOMHGVQBX6S778 | Long             | STIV             | CORP              | US        |   1300000 | PA      | $1297677.55   | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| UNITED AUTO CREDIT SECURITIZATION TRUST                          | UNITED AUTO CREDIT SECURITIZATION TRUST 2023 1     | CUSIP: 90945CAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    771010 | PA      | $771426.82    | 0.08%             | 2028-07-10      | Fixed         | 6.28%                 | Yes           |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST                                     | FORD CREDIT AUTO OWNER TRUST 2023 REV1             | CUSIP: 34535QAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1966000 | PA      | $2011001.07   | 0.20%             | 2035-08-15      | Fixed         | 6.26%                 | Yes           |                  2 | On Loan: No      |
| CCO HOLDINGS, LLC                                                | CCO HOLDINGS LLC CCO HOLDINGS CAPITAL CORP         | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4355253.79   | 0.43%             | 2033-06-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| BRUNDAGE-BONE CONCRETE PUMPING HOLDINGS, INC.                    | BRUNDAGE BONE CONCRETE PUMPING HOLDINGS INC        | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1294000 | PA      | $1261790.46   | 0.13%             | 2032-02-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| U.S. ACUTE CARE SOLUTIONS, LLC                                   | US ACUTE CARE SOLUTIONS LLC                        | CUSIP: 90367UAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2861000 | PA      | $2900903.61   | 0.29%             | 2029-05-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| RAND PARENT, LLC                                                 | RAND PARENT LLC                                    | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $465171.45    | 0.05%             | 2030-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: —       |
| ZEBRA TECHNOLOGIES CORPORATION                                   | ZEBRA TECHNOLOGIES CORP                            | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1507612.38   | 0.15%             | 2032-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| DISH DBS Corporation                                             | DISH DBS CORP                                      | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1365362.86   | 0.14%             | 2026-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| ONESKY FLIGHT, LLC                                               | ONESKY FLIGHT LLC                                  | CUSIP: 68278CAA3<br>LEI: 549300PM6NEPXGG5B882 | Long             | DBT              | CORP              | US        |   2714000 | PA      | $2736621.75   | 0.27%             | 2029-12-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Altice France Holding S.A.                                       | ALTICE FRANCE HOLDINGS SA                          | CUSIP: 02156TAA2<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |  11000000 | PA      | $3393796.61   | 0.34%             | 2028-02-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| METLIFE, INC.                                                    | METLIFE INC                                        | CUSIP: 59156RAV0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1305731.94   | 0.13%             | 2069-08-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| SECURITIZED TERM AUTO RECEIVABLES TRUST                          | SECURITIZED TERM AUTO RECEIVABLES TRUST            | CUSIP: 81378RAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2024016 | PA      | $2043005.22   | 0.20%             | 2031-07-25      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| iShares BB Rated Corporate Bond ETF                              | ISHARES BB RATED CORPORATE BOND ETF                | CUSIP: 46435U473<br>LEI: N/A                  | Long             |  | RF                | US        |    246500 | NS      | $11339000.00  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Bacardi-Martini B.V.                                             | BACARDI USA INC                                    | CUSIP: 05634ESF0<br>LEI: 5493002XXBV8B88K2408 | Long             | STIV             | CORP              | NL        |   5000000 | PA      | $4989943.00   | 0.50%             |  |  |  | Yes           |                  2 | On Loan: No      |
| H&E EQUIPMENT SERVICES, INC.                                     | H E EQUIPMENT SERVICES INC                         | CUSIP: 404030AJ7<br>LEI: 254900KVLRCDMQRYY541 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1993000.84   | 0.20%             | 2028-12-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| ZEGONA FINANCE PLC                                               | ZEGONA FINANCE PLC                                 | CUSIP: 98927UAA5<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |   2251000 | PA      | $2398471.04   | 0.24%             | 2029-07-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| BPR TRUST                                                        | BPR TRUST 2022 STAR                                | CUSIP: 055980AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2536363 | PA      | $2519958.45   | 0.25%             | 2039-08-15      | Floating      | 7.55%                 | Yes           |                  2 | On Loan: No      |
| ACRISURE, LLC                                                    | ACRISURE LLC ACRISURE FINANCE INC                  | CUSIP: 00489LAK9<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |    500000 | PA      | $511996.91    | 0.05%             | 2029-02-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES, INC.                                          | AMERICAN AIRLINES INC                              | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1018818.40   | 0.10%             | 2029-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER, LLC                                        | GTCR W 2 MERGER SUB LLC                            | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |   3424000 | PA      | $3610826.77   | 0.36%             | 2031-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| MGM RESORTS INTERNATIONAL                                        | MGM RESORTS INTERNATIONAL                          | CUSIP: 552953CK5<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996182.81    | 0.10%             | 2029-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| GLP Capital, L.P.                                                | GLP CAPITAL LP GLP FINANCING II INC                | CUSIP: 361841AT6<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |   1438000 | PA      | $1407229.65   | 0.14%             | 2034-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES, INC.                                       | SENSATA TECHNOLOGIES INC                           | CUSIP: 81728UAC8<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $991045.89    | 0.10%             | 2032-07-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| HANESBRANDS INC.                                                 | HANESBRANDS INC                                    | CUSIP: 410345AQ5<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1555155.10   | 0.15%             | 2031-02-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST                                       | LAD AUTO RECEIVABLES TRUST 2023 1                  | CUSIP: 505710AF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2263000 | PA      | $2320325.50   | 0.23%             | 2030-06-17      | Fixed         | 7.30%                 | Yes           |                  2 | On Loan: No      |
| ENSTAR FINANCE LLC                                               | ENSTAR FINANCE LLC                                 | CUSIP: 29360AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    653000 | PA      | $648089.22    | 0.06%             | 2040-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BWX TECHNOLOGIES, INC.                                           | BWX TECHNOLOGIES INC                               | CUSIP: 05605HAC4<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $949985.08    | 0.09%             | 2029-04-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Consolidated Energy Finance S.A.                                 | CONSOLIDATED ENERGY FINANCE SA                     | CUSIP: 20914UAH9<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    500000 | PA      | $450847.27    | 0.04%             | 2031-02-15      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| DIEBOLD NIXDORF, INCORPORATED                                    | DIEBOLD NIXDORF INC                                | CUSIP: 253651AK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1748000 | PA      | $1821205.20   | 0.18%             | 2030-03-31      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| UKG INC.                                                         | UKG INC                                            | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |    128226 | PA      | $127719.31    | 0.01%             | 2031-01-31      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Gray Media, Inc                                                  | GRAY TELEVISION INC                                | CUSIP: 389375AL0<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    257000 | PA      | $154106.45    | 0.02%             | 2030-10-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: —       |
| Perrigo Finance Unlimited Company                                | PERRIGO FINANCE UNLIMITED CO                       | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |   2000000 | PA      | $1986107.97   | 0.20%             | 2032-09-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| DYE & DURHAM CORPORATION                                         | DYE DURHAM LTD                                     | CUSIP: 267486AA6<br>LEI: 549300XUQDPIC5QRY347 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1017508.06   | 0.10%             | 2029-04-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| THE GEO GROUP, INC.                                              | GEO GROUP INC THE                                  | CUSIP: 36162JAG1<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |   1940000 | PA      | $2044525.01   | 0.20%             | 2029-04-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC.                                            | CLEVELAND CLIFFS INC                               | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1883375.00   | 0.19%             | 2032-03-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: —       |
| SUNOCO LP                                                        | SUNOCO LP                                          | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1548428.00   | 0.15%             | 2033-07-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Trivium Packaging Finance B.V.                                   | TRIVIUM PACKAGING FIN                              | CUSIP: 89686QAB2<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $988977.79    | 0.10%             | 2027-08-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| WHIRLPOOL CORPORATION                                            | WHIRLPOOL CORP                                     | CUSIP: 96332USN1<br>LEI: WHENKOULSSK7WUM60H03 | Long             | STIV             | CORP              | US        |   4300000 | PA      | $4286604.21   | 0.43%             |  |  |  | Yes           |                  2 | On Loan: No      |
| DIRECTV FINANCING, LLC                                           | DIRECTV FINANCING LLC                              | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1790756 | PA      | $1728312.01   | 0.17%             | 2029-08-02      | Floating      | 9.53%                 | No            |                  2 | On Loan: No      |
| Gray Media, Inc                                                  | GRAY ESCROW II INC                                 | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   4664000 | PA      | $2781682.95   | 0.28%             | 2031-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                         | SERVICE PROPERTIES TRUST                           | CUSIP: 81761LAE2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4833399.65   | 0.48%             | 2032-06-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: —       |
| DCLI BIDCO LLC                                                   | DCLI BIDCO LLC                                     | CUSIP: 233104AA6<br>LEI: 2549007UUVJTHHNK9T70 | Long             | DBT              | CORP              | US        |   1674000 | PA      | $1559665.36   | 0.16%             | 2029-11-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| APA CORPORATION                                                  | APA CORP                                           | CUSIP: 00188AS93<br>LEI: 549300VCIWLRHYVSHC79 | Long             | STIV             | CORP              | US        |   1400000 | PA      | $1398235.72   | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                                               | SEAGATE HDD CAYMAN                                 | CUSIP: 81180WBP5<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |   2000000 | PA      | $2139869.61   | 0.21%             | 2031-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INCORPORATED                                     | CDI ESCROW ISSUER INC                              | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $978376.83    | 0.10%             | 2030-04-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROUP, INC.                                  | SINCLAIR TELEVISION GROU                           | CUSIP: 829259AY6<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    820000 | PA      | $585916.62    | 0.06%             | 2030-03-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| 1261229 BC LTD                                                   | 1261229 BC LTD                                     | CUSIP: BL5045895<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    875000 | PA      | $823961.25    | 0.08%             | 2030-09-25      | Floating      | 10.59%                | No            |                  2 | On Loan: No      |
| CD&R SMOKEY BUYER, INC.                                          | CD R SMOKEY BUYER INC RADIO SYSTEMS CORP           | CUSIP: 12515KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1290928.21   | 0.13%             | 2029-10-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| CITGO PETROLEUM CORPORATION                                      | CITGO PETROLEUM CORP                               | CUSIP: 17302XAN6<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |   4225000 | PA      | $4235695.86   | 0.42%             | 2029-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I PLC                                       | VMED O2 UK FINANCING I PLC                         | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   2512000 | PA      | $2207177.21   | 0.22%             | 2031-07-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CALPINE CORPORATION                                              | CALPINE CORP                                       | CUSIP: 131347CP9<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   5600000 | PA      | $5410472.88   | 0.54%             | 2029-02-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| TALLGRASS ENERGY PARTNERS, LP                                    | TALLGRASS ENERGY PARTNERS LP                       | CUSIP: 87470LAL5<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996484.14    | 0.10%             | 2029-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS, LLC                                    | FOCUS FINANCIAL PARTNERS LLC                       | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1256839.06   | 0.13%             | 2031-09-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICES, INC.                                  | PRIME HEALTHCARE SERVICES INC                      | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1329000 | PA      | $1266390.11   | 0.13%             | 2029-09-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| QBE INSURANCE GROUP LIMITED                                      | QBE INSURANCE GROUP LTD                            | CUSIP: 74728GAE0<br>LEI: 549300D2FBW76FPUSG65 | Long             | DBT              | CORP              | AU        |   1300000 | PA      | $1299050.45   | 0.13%             | 2199-12-31      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| BOYNE USA INC.                                                   | BOYNE USA INC                                      | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3015000 | PA      | $2870360.91   | 0.29%             | 2029-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| RXO, INC.                                                        | XPO ESCROW SUB LLC                                 | CUSIP: 98379JAA3<br>LEI: 549300KL8CA6GP8XPM30 | Long             | DBT              | CORP              | US        |   1903000 | PA      | $1950144.55   | 0.19%             | 2027-11-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| THE CHEMOURS COMPANY                                             | CHEMOURS CO THE                                    | CUSIP: 163851AJ7<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1297582.45   | 0.13%             | 2033-01-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| GOAT HOLDCO, LLC                                                 | GOAT HOLDCO LLC                                    | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1717000 | PA      | $1683852.53   | 0.17%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES, LP                                         | RHP HOTEL PROPERTIES LP RHP FINANCE CORP           | CUSIP: 749571AK1<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |   2650000 | PA      | $2643042.62   | 0.26%             | 2032-04-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| NOVA Chemicals Corporation                                       | NOVA CHEMICALS CORP                                | CUSIP: 66977WAV1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1288000 | PA      | $1332377.40   | 0.13%             | 2031-12-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ROCKET SOFTWARE, INC.                                            | ROCKET SOFTWARE INC                                | CUSIP: 77314EAA6<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    500000 | PA      | $475564.10    | 0.05%             | 2029-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS, INC.                               | CHS COMMUNITY HEALTH SYSTEMS INC                   | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   5855000 | PA      | $6047268.97   | 0.60%             | 2032-01-15      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| PRA GROUP, INC.                                                  | PRA GROUP INC                                      | CUSIP: 69354NAF3<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1752000.33   | 0.17%             | 2030-01-31      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| HILCORP ENERGY I, L.P.                                           | HILCORP ENERGY I LP HILCORP FINANCE CO             | CUSIP: 431318AZ7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $871105.47    | 0.09%             | 2032-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS, INC.                             | CLEAR CHANNEL OUTDOOR HOLDINGS INC                 | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   1754000 | PA      | $1437212.64   | 0.14%             | 2029-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: —       |
| CROWN CASTLE INC.                                                | CROWN CASTLE INC                                   | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |      6253 | NS      | $661317.28    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CHESAPEAKE FUNDING LLC                                           | CHESAPEAKE FUNDING II LLC                          | CUSIP: 165183CY8<br>LEI: 549300LG5AUFDML64706 | Long             | ABS-MBS          | CORP              | US        |    375000 | PA      | $379178.48    | 0.04%             | 2035-05-15      | Fixed         | 6.69%                 | Yes           |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HOLDINGS LIMITED                            | MACQUARIE AIRFINANCE HOLDINGS LTD                  | CUSIP: 55609NAB4<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $522821.28    | 0.05%             | 2029-03-30      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| MASTERBRAND, INC.                                                | MASTERBRAND INC                                    | CUSIP: 57638PAA2<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1503409.55   | 0.15%             | 2032-07-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| SEASPAN CORPORATION                                              | SEASPAN CORP                                       | CUSIP: 81254UAK2<br>LEI: 5493007Z8Q1H45KT7W98 | Long             | DBT              | CORP              | MH        |   1500000 | PA      | $1376381.24   | 0.14%             | 2029-08-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| PRAIRIE ACQUIROR LP                                              | PRAIRIE ACQUIROR LP                                | CUSIP: 73943NAA4<br>LEI: 254900Q6KU2LVSIISH22 | Long             | DBT              | CORP              | US        |    500000 | PA      | $503863.92    | 0.05%             | 2029-08-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT, INC.                                      | CAESARS ENTERTAINMENT INC                          | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2049320.19   | 0.20%             | 2030-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CALPINE CORPORATION                                              | CALPINE CORP                                       | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4205935.21   | 0.42%             | 2028-03-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| HIG FINANCE 2 LIMITED                                            | HYPERION REFINANCE S A R L                         | CUSIP: G4712JAY8<br>LEI: 213800OOZO37Y7YL2O58 | Long             | LON              | CORP              | GB        |   2954774 | PA      | $2954035.17   | 0.29%             | 2030-04-18      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| OAKTREE CLO LTD                                                  | OAKTREE CLO 2023 2 LTD                             | CUSIP: 67402AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1498350.00   | 0.15%             | 2036-07-20      | Floating      | 12.92%                | Yes           |                  2 | On Loan: No      |
| ENDEAVOUR MINING PLC                                             | ENDEAVOUR MINING PLC                               | CUSIP: 29261HAA3<br>LEI: 529900NI5MXQ91GHXR07 | Long             | DBT              | CORP              | GB        |   5320000 | PA      | $5198513.90   | 0.52%             | 2026-10-14      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| LABL, INC.                                                       | LABL INC                                           | CUSIP: 50168QAF2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1634598.27   | 0.16%             | 2031-10-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| HILCORP ENERGY I, L.P.                                           | HILCORP ENERGY I LP HILCORP FINANCE CO             | CUSIP: 431318AS3<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1453436.92   | 0.14%             | 2028-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| NCL CORPORATION LTD.                                             | NCL CORP LTD                                       | CUSIP: 62886HBP5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $974510.38    | 0.10%             | 2030-03-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| PEDIATRIX MEDICAL GROUP, INC.                                    | MEDNAX INC                                         | CUSIP: 58502BAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3375174.27   | 0.34%             | 2030-02-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| FORTRESS INTERMEDIATE 3, INC.                                    | FORTRESS INTERMEDIATE 3 INC                        | CUSIP: 34966LAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    245009 | PA      | $239496.69    | 0.02%             | 2031-06-27      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL GAME TECHNOLOGY PLC                                | INTERNATIONAL GAME TECH                            | CUSIP: 460599AD5<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   2594000 | PA      | $2612953.42   | 0.26%             | 2027-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| LAMAR MEDIA CORP.                                                | LAMAR MEDIA CORP                                   | CUSIP: 513075BZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1909000 | PA      | $1725813.83   | 0.17%             | 2031-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE LIMITED                                   | ARDONAGH GROUP FINANCE                             | CUSIP: 039956AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |   5000000 | PA      | $5098390.81   | 0.51%             | 2032-02-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT LLC                                       | FERTITTA ENTERTAINMENT LLC                         | CUSIP: 31556PAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    206742 | PA      | $201186.61    | 0.02%             | 2029-01-27      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS, LLC                                      | AXALTA COATING SYSTEMS LLC                         | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1854761.73   | 0.18%             | 2029-02-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| ALTA EQUIPMENT GROUP INC.                                        | ALTA EQUIPMENT GROUP INC                           | CUSIP: 02128LAC0<br>LEI: 549300DGOB28CLGS1X27 | Long             | DBT              | CORP              | US        |   2264000 | PA      | $1904196.77   | 0.19%             | 2029-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: —       |
| CLEAR CHANNEL OUTDOOR HOLDINGS, INC.                             | CLEAR CHANNEL OUTDOOR HOLDINGS INC                 | CUSIP: 18453HAE6<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2073251.33   | 0.21%             | 2028-09-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| UNITED RENTALS (NORTH AMERICA), INC.                             | UNITED RENTALS NORTH AM                            | CUSIP: 911365BN3<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1397303.60   | 0.14%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMENTUM HOLDINGS, INC.                                           | AMENTUM ESCROW CORP                                | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1017380.47   | 0.10%             | 2032-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings, Inc.                                              | POST HOLDINGS INC                                  | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   3390000 | PA      | $3358995.01   | 0.33%             | 2033-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| FORESTAR GROUP INC.                                              | FORESTAR GROUP INC                                 | CUSIP: 346232AG6<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |   1762000 | PA      | $1713608.67   | 0.17%             | 2033-03-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| GGAM Finance Limited                                             | GGAM FINANCE LTD                                   | CUSIP: 36170JAE6<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $993222.94    | 0.10%             | 2030-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| SHR TRUST                                                        | SHR TRUST 2024 LXRY                                | CUSIP: 784234AG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1237109.38   | 0.12%             | 2041-10-15      | Floating      | 7.92%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD.                                     | ROYAL CARIBBEAN CRUISES LTD                        | CUSIP: 780153BU5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1284000 | PA      | $1303927.52   | 0.13%             | 2032-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ROCKET SOFTWARE, INC.                                            | ROCKET SOFTWARE INC                                | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2062234.58   | 0.21%             | 2028-11-28      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| WHIRLPOOL CORPORATION                                            | WHIRLPOOL CORP                                     | CUSIP: 96332US92<br>LEI: WHENKOULSSK7WUM60H03 | Long             | STIV             | CORP              | US        |   4800000 | PA      | $4793922.72   | 0.48%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                          | SASOL FINANCING USA LLC                            | CUSIP: 80386WAF2<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1424896.64   | 0.14%             | 2029-05-03      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP, INC.                                       | CLOUD SOFTWARE GROUP INC                           | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504145.75    | 0.05%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| FIBERCOP S.P.A.                                                  | OPTICS BIDCO SPA                                   | CUSIP: 683879AF7<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |   2247000 | PA      | $2194164.09   | 0.22%             | 2036-07-18      | Fixed         | 7.20%                 | Yes           |                  2 | On Loan: No      |
| CONCENTRIX CORPORATION                                           | CONCENTRIX CORP                                    | CUSIP: 20602DAC5<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |   1592000 | PA      | $1613994.31   | 0.16%             | 2033-08-02      | Fixed         | 6.85%                 | No            |                  2 | On Loan: —       |
| CSC HOLDINGS, LLC                                                | CSC HOLDINGS LLC                                   | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4392443.26   | 0.44%             | 2028-05-15      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: No      |
| ONEDIGITAL BORROWER LLC                                          | ONEDEGITAL BORROWER LLC                            | CUSIP: 68252HAB0<br>LEI: 2549009GTKWWAO1E9X77 | Long             | LON              | CORP              | US        |   3000000 | PA      | $2934390.00   | 0.29%             | 2031-07-02      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                                                | ILIAD HOLDING SASU                                 | CUSIP: 449691AF1<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |   2000000 | PA      | $2109537.85   | 0.21%             | 2031-04-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| EASTERN MAINE HEALTHCARE SYSTEMS                                 | EASTERN MAINE HEALTHCARE SYSTEMS                   | CUSIP: 276682AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2633265.10   | 0.26%             | 2036-07-01      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| GATES CORPORATION                                                | GATES CORP THE                                     | CUSIP: 367398AA2<br>LEI: 984500F43C791F4C7894 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1016217.46   | 0.10%             | 2029-07-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP, INC.                                       | PICARD MIDCO INC                                   | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1879000 | PA      | $1880236.61   | 0.19%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| LC AHAB US BIDCO LLC                                             | LC AHAB US BIDCO LLC                               | CUSIP: 50180PAB7<br>LEI: 254900949U9K2Q5C5A85 | Long             | LON              | CORP              | US        |    497500 | PA      | $482575.00    | 0.05%             | 2031-04-14      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| AMSTED INDUSTRIES INCORPORATED                                   | AMSTED INDUSTRIES INC                              | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |   4389000 | PA      | $4416723.19   | 0.44%             | 2033-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| GESTION D'ASSURANCES JONES DESLAURIERS INC.                      | JONES DESLAURIERS INSURANCE MANAGEMENT INC         | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $527790.38    | 0.05%             | 2030-03-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| MERCHANTS FLEET FUNDING LLC                                      | MERCHANTS FLEET FUNDING LLC                        | CUSIP: 588926AJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1673000 | PA      | $1702324.55   | 0.17%             | 2037-04-20      | Fixed         | 6.85%                 | Yes           |                  2 | On Loan: No      |
| FARM CREDIT BANK OF TEXAS                                        | FARM CREDIT BANK OF TEXAS                          | CUSIP: 30767EAD1<br>LEI: V1EBJIOLRNYDHDF63Z33 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1978868.28   | 0.20%             | 2199-12-31      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER, LLC                                       | PANTHER ESCROW ISSUER LLC                          | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1539592.92   | 0.15%             | 2031-06-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| AMC NETWORKS INC.                                                | AMC NETWORKS INC                                   | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1240753.08   | 0.12%             | 2029-01-15      | Fixed         | 10.25%                | Yes           |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC.                                             | GLOBAL PAYMENTS INC                                | CUSIP: 37961CS29<br>LEI: 549300NOMHGVQBX6S778 | Long             | STIV             | CORP              | US        |   3800000 | PA      | $3798964.88   | 0.38%             |  |  |  | Yes           |                  2 | On Loan: No      |
| R. R. DONNELLEY & SONS COMPANY                                   | RR DONNELLEY SONS CO                               | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $954584.92    | 0.10%             | 2029-08-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Bausch + Lomb Corporation                                        | BAUSCH LOMB ESCROW CORP                            | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $521476.66    | 0.05%             | 2028-10-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| VERTICAL BRIDGE CC LLC                                           | VB S1 ISSUER LLC VBTEL                             | CUSIP: 91823ABA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2824185.30   | 0.28%             | 2052-02-15      | Fixed         | 5.27%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS, LLC                                                | CSC HOLDINGS LLC                                   | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2832464.47   | 0.28%             | 2029-01-31      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| STAPLES, INC.                                                    | STAPLES INC                                        | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2172429.37   | 0.22%             | 2029-09-01      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| BLOCK, INC.                                                      | BLOCK INC                                          | CUSIP: 852234AR4<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   6625000 | PA      | $6775346.86   | 0.67%             | 2032-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING, LLC                                 | PERMIAN RESOURCES OPERATING LLC                    | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |   1386000 | PA      | $1354476.09   | 0.13%             | 2033-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| DIRECTV FINANCING, LLC                                           | DIRECTV FINANCING LLC                              | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4364000 | PA      | $4145853.93   | 0.41%             | 2031-02-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD.                                     | ROYAL CARIBBEAN CRUISES LTD                        | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   7787000 | PA      | $7808390.41   | 0.78%             | 2033-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| HIGHTOWER HOLDING, LLC                                           | HIGHTOWER HOLDING LLC                              | CUSIP: 43118DAB6<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |    750000 | PA      | $767135.15    | 0.08%             | 2030-01-31      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| Lealand Finance Company B.V.                                     | LEALAND FINANCE CO BV                              | CUSIP: N5200EAC5<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |     38926 | PA      | $19398.00     | 0.00%             | 2024-06-30      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY, INC.                                                 | NRG ENERGY INC                                     | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1991940.21   | 0.20%             | 2029-07-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CHS Inc.                                                         | CHS INC PFD                                        | CUSIP: 12542R308<br>LEI: XEIEFTLYDQ1MZ6TZV015 | Long             | EP               | CORP              | US        |     87180 | NS      | $2292834.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| LEVEL 3 FINANCING, INC.                                          | LEVEL 3 FINANCING INC                              | CUSIP: 527298CF8<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   2617000 | PA      | $2066716.11   | 0.21%             | 2030-10-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: —       |
| SM ENERGY COMPANY                                                | SM ENERGY CO                                       | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $922084.08    | 0.09%             | 2032-08-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: —       |
| STAR LEASING COMPANY, LLC                                        | STAR LEASING CO LLC                                | CUSIP: 854938AA5<br>LEI: 549300WXKNX4PT3HSN71 | Long             | DBT              | CORP              | US        |    867000 | PA      | $777472.01    | 0.08%             | 2030-02-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| CENTRAL PARENT LLC                                               | CENTRAL PARENT INC                                 | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2970075 | PA      | $2468072.92   | 0.25%             | 2029-07-06      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS, INC.                                              | LITHIA MOTORS INC                                  | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |   7726000 | PA      | $7095882.88   | 0.71%             | 2031-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| QUEEN MERGERCO, INC.                                             | QUEEN MERGERCO INC                                 | CUSIP: 74825NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    442000 | PA      | $443143.21    | 0.04%             | 2032-04-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| WW International, Inc.                                           | WW INTERNATIONAL INC                               | CUSIP: 98262PAA9<br>LEI: SGT8R1MU6ESIC7UJC518 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $359843.40    | 0.04%             | 2029-04-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD.                                     | ROYAL CARIBBEAN CRUISES LTD                        | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1029000 | PA      | $1021915.54   | 0.10%             | 2031-09-30      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| US FOODS, INC.                                                   | US FOODS INC                                       | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2914726.64   | 0.29%             | 2029-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CABLE ONE, INC.                                                  | CABLE ONE INC                                      | CUSIP: 12685JAC9<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |     81000 | PA      | $65912.42     | 0.01%             | 2030-11-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: —       |
| 720 EAST CLO LTD                                                 | 720 EAST CLO 2023 I LTD                            | CUSIP: 81785GAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12750000 | PA      | $12748176.75  | 1.27%             | 2036-04-15      | Floating      | 12.91%                | Yes           |                  2 | On Loan: No      |
| VIRGIN MEDIA FINANCE PLC                                         | VIRGIN MEDIA FINANCE PLC                           | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |   2500000 | PA      | $2190176.12   | 0.22%             | 2030-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CUMULUS MEDIA NEW HOLDINGS INC.                                  | CUMULUS MEDIA NEW HOLDINGS INC                     | CUSIP: 23110AAB2<br>LEI: 5493001D9VBAVY1OKJ46 | Long             | DBT              | CORP              | US        |   7151000 | PA      | $1962757.83   | 0.20%             | 2029-07-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| MURPHY OIL CORPORATION                                           | MURPHY OIL CORP                                    | CUSIP: 626717AP7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |   1775000 | PA      | $1616722.88   | 0.16%             | 2032-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GESTION D'ASSURANCES JONES DESLAURIERS INC.                      | JONES DESLAURIERS INSURANCE MANAGEMENT INC         | CUSIP: 48020RAA3<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $269104.12    | 0.03%             | 2030-12-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| WAND NEWCO 3, INC.                                               | WAND NEWCO 3 INC                                   | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |    300000 | PA      | $309466.33    | 0.03%             | 2032-01-30      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING                                   | AVIS BUDGET RENTAL CAR FUNDING AESOP LLC           | CUSIP: 05377RHE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2035120.46   | 0.20%             | 2028-04-20      | Fixed         | 6.85%                 | Yes           |                  2 | On Loan: No      |
| ARDONAGH FINCO LIMITED                                           | ARDONAGH FINCO LTD                                 | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |   3863000 | PA      | $3949925.06   | 0.39%             | 2031-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| BLH ESCROW 1 LLC                                                 | BRIGHTLINE EAST LLC                                | CUSIP: 093536AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1100000 | PA      | $901021.93    | 0.09%             | 2030-01-31      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| SPDR Portfolio High Yield Bond ETF                               | SPDR PORTFOLIO HIGH YIELD BOND ETF                 | CUSIP: 78468R606<br>LEI: N/A                  | Long             |  | RF                | US        |    844981 | NS      | $19645808.25  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| TKC HOLDINGS, INC.                                               | TKC HOLDINGS INC                                   | CUSIP: 87256FAJ3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1962839 | PA      | $1933396.46   | 0.19%             | 2028-05-15      | Floating      | 9.32%                 | No            |                  2 | On Loan: No      |
| PARK INTERMEDIATE HOLDINGS LLC.                                  | PARK INTERMEDIATE HOLDINGS LLC                     | CUSIP: 70052LAC7<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |    500000 | PA      | $468203.24    | 0.05%             | 2029-05-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD.                                      | FIRST QUANTUM MINERALS LTD                         | CUSIP: 335934AU9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1013358.96   | 0.10%             | 2031-06-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES 2013-1 PASS THROUGH TRUST                      | US AIRWAYS 2013 1 CLASS A Ptt                      | CUSIP: 90346WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1356292 | PA      | $1356291.76   | 0.13%             | 2027-05-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                                            | BELRON UK FINANCE PLC                              | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |   2275000 | PA      | $2270130.63   | 0.23%             | 2029-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| BOYD GAMING CORPORATION                                          | BOYD GAMING CORP                                   | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $932910.81    | 0.09%             | 2031-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC                                  | HERTZ VEHICLE FINANCING III LLC                    | CUSIP: 42806MCD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3070454.03   | 0.31%             | 2028-02-25      | Variable      | 9.43%                 | Yes           |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                         | SERVICE PROPERTIES TRUST                           | CUSIP: 44106MAY8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2238290.64   | 0.22%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TALLGRASS ENERGY PARTNERS, LP                                    | TALLGRASS ENERGY PARTNERS FIN                      | CUSIP: 87470LAG6<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2957711.28   | 0.29%             | 2027-03-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE, LLC                               | ALLIANT HOLDINGS INTERMEDIAT                       | CUSIP: 01883LAE3<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1006241.27   | 0.10%             | 2028-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NEWS CORPORATION                                                 | NEWS CORP                                          | CUSIP: 65249BAB5<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $954245.83    | 0.09%             | 2032-02-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| LATAM Airlines Group S.A.                                        | LATAM AIRLINES GROUP SA                            | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |   2106000 | PA      | $2062135.51   | 0.21%             | 2030-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: —       |
| GREAT OUTDOORS GROUP, LLC                                        | GREAT AMERICAN OUTDOORS                            | CUSIP: 07014QAP6<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |    971244 | PA      | $947691.25    | 0.09%             | 2032-03-05      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| CHOICE HOTELS INTERNATIONAL, INC.                                | CHOICE HOTELS INTERNATIONAL INC                    | CUSIP: 169905AH9<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |    811000 | PA      | $796561.96    | 0.08%             | 2034-08-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| EVERGREEN ACQCO 1 LP                                             | EVERGREEN ACQCO 1 LP TVI INC                       | CUSIP: 30015DAA9<br>LEI: 549300F6POVHG3ME8T95 | Long             | DBT              | CORP              | US        |    730000 | PA      | $754704.99    | 0.08%             | 2028-04-26      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| AADVANTAGE LOYALTY IP LTD.                                       | AMERICAN AIRLINES INC AADVAN                       | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   5908106 | PA      | $5726198.83   | 0.57%             | 2029-04-20      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| FCCU AUTO RECEIVABLES TRUST                                      | FCCU AUTO RECEIVABLES TRUST 2024 1                 | CUSIP: 30336CAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1135555 | PA      | $1160177.95   | 0.12%             | 2032-07-15      | Fixed         | 6.78%                 | Yes           |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP, INC.                                    | ASBURY AUTOMOTIVE GROUP INC                        | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1822191.51   | 0.18%             | 2032-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| IHO Verwaltungs GmbH                                             | IHO VERWALTUNGS GMBH                               | CUSIP: 44963BAG3<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |   4324762 | PA      | $4133415.48   | 0.41%             | 2032-11-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| WEEKLEY HOMES, LLC                                               | WEEKLEY HOMES LLC FIN                              | CUSIP: 948565AD8<br>LEI: 5493009MTTQO8ZN53F13 | Long             | DBT              | CORP              | US        |   2085000 | PA      | $1950802.46   | 0.19%             | 2028-09-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| CABLEVISION LIGHTPATH CT LLC                                     | CABLEVISION LIGHTPATH LLC                          | CUSIP: 12687GAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1997000 | PA      | $1849866.58   | 0.18%             | 2028-09-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE LIMITED                                    | MELCO REOSRTS FINANCE                              | CUSIP: 58547DAD1<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $902496.91    | 0.09%             | 2029-12-04      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| INTERNATIONAL FLAVORS & FRAGRANCES INC.                          | INTL FLAVORS FRAGNANCE                             | CUSIP: 4595A2S18<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | STIV             | CORP              | US        |   5000000 | PA      | $4999366.00   | 0.50%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC.                                           | ELLUCIAN HOLDINGS INC                              | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2705199.84   | 0.27%             | 2029-12-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| AVIENT CORPORATION                                               | AVIENT CORP                                        | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |    500000 | PA      | $494228.57    | 0.05%             | 2031-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TRINET GROUP, INC.                                               | TRINET GROUP INC                                   | CUSIP: 896288AC1<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2036203.83   | 0.20%             | 2031-08-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS, INC.                               | CHS COMMUNITY HEALTH SYS                           | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1238520.00   | 0.12%             | 2031-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| S&S HOLDINGS, LLC                                                | S S HOLDINGS LLC                                   | CUSIP: 78525CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2542838.66   | 0.25%             | 2031-10-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC.                                                   | TRANSDIGM INC                                      | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $997822.27    | 0.10%             | 2033-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| VICI PROPERTIES L.P.                                             | VICI PROPERTIES NOTE                               | CUSIP: 92564RAE5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |   6877000 | PA      | $6488036.88   | 0.65%             | 2030-08-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| WATCO COMPANIES, L.L.C.                                          | WATCO COS LLC WATCO FINANCE CORP                   | CUSIP: 941130AD8<br>LEI: 549300UK74AMHGBXZG45 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999118.72    | 0.10%             | 2032-08-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| EZCORP, INC.                                                     | EZCORP INC                                         | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |    700000 | PA      | $734482.97    | 0.07%             | 2032-04-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| LIGHT AND WONDER INTERNATIONAL, INC.                             | SCIENTIFIC GAMES INTERNA                           | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508973.17    | 0.05%             | 2029-11-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| ARETEC ESCROW ISSUER 2 INC.                                      | ARETEC ESCROW ISSUER 2 INC                         | CUSIP: 04020JAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1077887.87   | 0.11%             | 2030-08-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| M/I HOMES, INC.                                                  | M I HOMES INC                                      | CUSIP: 55305BAS0<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2928174.42   | 0.29%             | 2028-02-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS, LLC                                                | CCO HLDGS LLC CAP CORP                             | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $472480.24    | 0.05%             | 2030-03-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| DIRECTV FINANCING, LLC                                           | DIRECTV HOLDINGS LLC DIRECTV FINANCING CO INC      | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1543000 | PA      | $1491790.65   | 0.15%             | 2027-08-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| BEAZER HOMES USA, INC.                                           | BEAZER HOMES USA INC                               | CUSIP: 07556QBT1<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1214761.16   | 0.12%             | 2029-10-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC.                                                  | BOMBARDIER INC                                     | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   4790000 | PA      | $4911768.23   | 0.49%             | 2031-07-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| PETSMART LLC                                                     | PETSMART INC PETSMART FINANCE CORP                 | CUSIP: 71677KAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1865265.90   | 0.19%             | 2029-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| LEHMAN BROTHERS HOLDINGS INC                                     | LEHMAN BROTHERS HOLDINGS                           | CUSIP: 52517PG96<br>LEI: 549300FDK6ZP3YIHRJ47 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $400.00       | 0.00%             | 2011-04-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA CAPITAL S.A.                                      | TELECOM ITALIA CAPITAL SA                          | CUSIP: 87927VAR9<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |    753000 | PA      | $771607.31    | 0.08%             | 2036-07-18      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC.                           | HILTON DOMESTIC OPERATING CO INC                   | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1833743.17   | 0.18%             | 2031-05-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| NCR ATLEOS CORPORATION                                           | NCR ATLEOS ESCROW CORP                             | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |    500000 | PA      | $538416.19    | 0.05%             | 2029-04-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG, LLC                              | VENTURE GLOBAL PLAQUEMINES LNG LLC                 | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2207830.98   | 0.22%             | 2035-05-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| STUBHUB HOLDCO SUB, LLC                                          | STUBHUB HOLDCO SUB LLC                             | CUSIP: 74530DAH8<br>LEI: 549300NL9JUFIOARLW93 | Long             | LON              | CORP              | US        |    977696 | PA      | $961202.29    | 0.10%             | 2030-03-12      | Floating      | 9.07%                 | No            |                  2 | On Loan: No      |
| TKC HOLDINGS, INC.                                               | TKC HOLDINGS INC                                   | CUSIP: 87256YAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3009031.19   | 0.30%             | 2029-05-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: —       |
| VITAL ENERGY, INC.                                               | VITAL ENERGY INC                                   | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |   1683000 | PA      | $1299804.60   | 0.13%             | 2032-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: —       |
| SPIRIT AEROSYSTEMS, INC.                                         | SPIRIT AEROSYSTEMS INC                             | CUSIP: 85205TAN0<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4265851.90   | 0.42%             | 2029-11-30      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| ONE MORTGAGE TRUST                                               | ONE 2021 PARK MORTGAGE TRUST                       | CUSIP: 682413AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1775000 | PA      | $1637568.49   | 0.16%             | 2036-03-15      | Floating      | 5.94%                 | Yes           |                  2 | On Loan: No      |
| SOTHEBY'S                                                        | SOTHEBY S                                          | CUSIP: 835898AH0<br>LEI: 549300P5BAAMQQ7VL735 | Long             | DBT              | CORP              | US        |   4524000 | PA      | $4244938.40   | 0.42%             | 2027-10-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| SCF EQUIPMENT LEASING LLC                                        | SCF EQUIPMENT LEASING 2022 2 LLC                   | CUSIP: 78397WAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    989379 | PA      | $1013666.80   | 0.10%             | 2032-10-20      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corporation                                             | CARNIVAL CORP                                      | CUSIP: 143658BN1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   3000000 | PA      | $2990279.48   | 0.30%             | 2027-03-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| MURPHY OIL USA, INC.                                             | MURPHY OIL USA INC                                 | CUSIP: 626738AF5<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1801286.58   | 0.18%             | 2031-02-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: —       |
| WASTE PRO USA, INC.                                              | WASTE PRO USA INC                                  | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |   2212000 | PA      | $2262458.18   | 0.23%             | 2033-02-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                           | EQUIPMENTSHARE COM INC                             | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $986520.90    | 0.10%             | 2033-03-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| MONEYGRAM INTERNATIONAL, INC.                                    | MONEYGRAM INTERNATIONAL INC                        | CUSIP: 60935QAT3<br>LEI: 5299002DLX0Q04KC4156 | Long             | LON              | CORP              | US        |    985050 | PA      | $889825.22    | 0.09%             | 2030-06-03      | Floating      | 9.04%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC.                                                   | TRANSDIGM INC                                      | CUSIP: 893647BQ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1446647.01   | 0.14%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| POLARIS NEWCO, LLC                                               | SOLERA LLC                                         | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |   2306250 | PA      | $2220480.56   | 0.22%             | 2028-06-04      | Floating      | 8.03%                 | No            |                  2 | On Loan: No      |
| BCPE PEQUOD BUYER, INC.                                          | BCPE PEQUOD BUYER INC                              | CUSIP: 05624AAB8<br>LEI: 254900HEEOS2IWC84V94 | Long             | LON              | CORP              | US        |    500000 | PA      | $498230.00    | 0.05%             | 2031-11-25      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| THE HERTZ CORPORATION                                            | HERTZ CORP THE                                     | CUSIP: 428040DC0<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2480856.34   | 0.25%             | 2029-07-15      | Fixed         | 12.62%                | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG, INC.                                         | VENTURE GLOBAL LNG INC                             | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1927961.60   | 0.19%             | 2031-06-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC.                                          | SCIH SALT HOLDINGS INC                             | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $239744.14    | 0.02%             | 2028-05-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Regal Rexnord Corporation                                        | REGAL REXNORD CORP                                 | CUSIP: 758750AP8<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   2136000 | PA      | $2176284.96   | 0.22%             | 2033-04-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE COMPANY, INC.                                  | ACADIA HEALTHCARE CO INC                           | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |   1956000 | PA      | $1958313.09   | 0.19%             | 2033-03-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: —       |
| XPO, INC.                                                        | XPO INC                                            | CUSIP: 98379KAB8<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |    458000 | PA      | $469006.46    | 0.05%             | 2031-06-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| ANYWHERE REAL ESTATE GROUP LLC                                   | ANYWHERE REAL ESTATE GROUP LLC                     | CUSIP: 75606DAS0<br>LEI: LF6PBYTYG3BDVEF4FI12 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $931251.96    | 0.09%             | 2030-04-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: —       |
| Lehman Brothers Treasury Co. B.V. in liquidatie                  | LEHMAN BROTHERS TSY BV                             | CUSIP: N/A<br>LEI: 724500T0F0L76GZEZQ58       | Long             | DBT              | CORP              | NL        |   1446508 | PA      | $370.31       | 0.00%             | 2199-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| THE HOWARD HUGHES CORPORATION                                    | HOWARD HUGHES CORP THE                             | CUSIP: 44267DAF4<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |   9555000 | PA      | $8474234.24   | 0.84%             | 2031-02-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS INC                                        | ROGERS COMMUNICATIONS INC                          | CUSIP: 775109DG3<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    873000 | PA      | $876831.22    | 0.09%             | 2055-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FORTRESS INTERMEDIATE 3, INC.                                    | FORTRESS INTERMEDIATE 3 INC                        | CUSIP: 34966MAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1023264.24   | 0.10%             | 2031-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| GEN DIGITAL INC.                                                 | GEN DIGITAL INC                                    | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    873000 | PA      | $870931.37    | 0.09%             | 2033-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ZF NORTH AMERICA CAPITAL, INC.                                   | ZF NORTH AMERICA CAPITAL INC                       | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1755945.79   | 0.17%             | 2032-04-23      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| BXP TRUST                                                        | BXP TRUST 2017 GM                                  | CUSIP: 05607TAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1520862.00   | 0.15%             | 2044-01-15      | Variable      | 2.87%                 | Yes           |                  2 | On Loan: No      |
| UNITED RENTALS (NORTH AMERICA), INC.                             | UNITED RENTALS INC                                 | CUSIP: 911365BR4<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6065293.56   | 0.60%             | 2034-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| AVIANCA MIDCO 2 PLC                                              | AVIANCA MIDCO 2 PLC                                | CUSIP: 05369YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   2505000 | PA      | $2194274.59   | 0.22%             | 2030-02-14      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| NBM US HOLDINGS, INC.                                            | NBM US HOLDINGS INC                                | CUSIP: 62877VAB7<br>LEI: 5493008K1QMSP0J8UC24 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2983880.79   | 0.30%             | 2029-08-06      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: —       |
| SBA TOWER TRUST                                                  | SBA TOWER TRUST                                    | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1053000 | PA      | $1077356.94   | 0.11%             | 2052-11-15      | Fixed         | 6.60%                 | Yes           |                  2 | On Loan: No      |
| FMC CORPORATION                                                  | FMC CORP                                           | CUSIP: 34410WS86<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | STIV             | CORP              | US        |   4700000 | PA      | $4694710.15   | 0.47%             |  |  |  | Yes           |                  2 | On Loan: No      |
| THE BALDWIN INSURANCE GROUP HOLDINGS, LLC                        | BALDWIN INSURANCE GROUP HOLDINGS LLC               | CUSIP: 05825XAA7<br>LEI: 5493004GCDREAQPPYG20 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1019359.35   | 0.10%             | 2031-05-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS, INC.                                         | SPIRIT AEROSYSTEMS INC                             | CUSIP: 85205TAR1<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |   5832000 | PA      | $6463544.46   | 0.64%             | 2030-11-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| WHIRLPOOL CORPORATION                                            | WHIRLPOOL CORP                                     | CUSIP: 96332US68<br>LEI: WHENKOULSSK7WUM60H03 | Long             | STIV             | CORP              | US        |    800000 | PA      | $799324.56    | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                    | FORD MOTOR CREDIT CO LLC                           | CUSIP: 345397E66<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    853000 | PA      | $805428.30    | 0.08%             | 2034-03-08      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| COUGAR JV SUBSIDIARY, LLC                                        | COUGAR JV SUBSIDIARY LLC                           | CUSIP: 22208WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1038131.01   | 0.10%             | 2032-05-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| FRONTIER ISSUER LLC                                              | FRONTIER ISSUER LLC                                | CUSIP: 35910EAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14413842 | PA      | $15110203.46  | 1.50%             | 2053-08-20      | Fixed         | 11.50%                | Yes           |                  2 | On Loan: No      |
| NEWELL BRANDS INC.                                               | NEWELL BRANDS INC                                  | CUSIP: 651229AX4<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    500000 | PA      | $435378.57    | 0.04%             | 2036-04-01      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| SABINE OIL GAS HOLDINGS INC                                      | SABINE OIL GAS HOLDINGS INC                        | CUSIP: 78532M104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2824 | NS      | $395.36       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TRANSDIGM INC.                                                   | TRANSDIGM INC                                      | CUSIP: 893647BL0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1991330.67   | 0.20%             | 2027-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC.                                                | AMC NETWORKS INC                                   | CUSIP: 00164VAF0<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1104123.97   | 0.11%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| KNIFE RIVER CORPORATION                                          | KNIFE RIVER HOLDING CO                             | CUSIP: 498894AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3140133.71   | 0.31%             | 2031-05-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| PROLOGIS, INC.                                                   | PROLOGIS INC                                       | CUSIP: 74340W202<br>LEI: 529900DFH19P073LZ636 | Long             | EP               | CORP              | US        |      5310 | NS      | $286793.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED AIRLINES PASS THROUGH TRUST 2020-1                        | UNITED AIR 2020 1 B PTT                            | CUSIP: 90932VAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      9306 | PA      | $9220.44      | 0.00%             | 2027-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                            | LEVEL 3 FINANCING INC                              | CUSIP: BL5042512<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2625000 | PA      | $2615812.50   | 0.26%             | 2032-03-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                             | CARNIVAL CORP                                      | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    555000 | PA      | $549993.95    | 0.05%             | 2033-02-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                         | 5 YEAR US TREASURY NOTE FUTURE JUN25               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       225 | NC      | $644572.68    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| LABL, INC.                                                       | LABL INC                                           | CUSIP: 50168QAE5<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1743957.61   | 0.17%             | 2028-11-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS, INC.                                        | FRONT RANGE BIDCO INC                              | CUSIP: 98919VAA3<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4599572.66   | 0.46%             | 2027-03-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: —       |
| Edgewell Personal Care Company                                   | EDGEWELL PERSONAL CARE CO                          | CUSIP: 28035QAB8<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |   2379000 | PA      | $2227578.38   | 0.22%             | 2029-04-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                                    | VISTRA OPERATIONS CO LLC                           | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1036563.23   | 0.10%             | 2032-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Smyrna Ready Mix Concrete, LLC                                   | SMYRNA READY MIX CONCRETE LLC                      | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1539185.31   | 0.15%             | 2031-11-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| American Airlines 2017-2B Class B Pass Through Trust             | AMERICAN AIRLINES TRUST                            | CUSIP: 02377DAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    832055 | PA      | $820418.40    | 0.08%             | 2027-04-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS, INC.                                              | LITHIA MOTORS INC                                  | CUSIP: 536797AG8<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |   7239000 | PA      | $6721280.97   | 0.67%             | 2029-06-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE, INC.                                       | BUILDERS FIRSTSOURCE INC                           | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2981588.94   | 0.30%             | 2034-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corporation                                             | CARNIVAL CORP                                      | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   2000000 | PA      | $1987767.06   | 0.20%             | 2029-05-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS, LLC                                                | CSC HOLDINGS LLC                                   | CUSIP: 126307BK2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $685731.78    | 0.07%             | 2031-11-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: —       |
| LGI HOMES, INC.                                                  | LGI HOMES INC                                      | CUSIP: 50187TAK2<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    365000 | PA      | $336870.59    | 0.03%             | 2032-11-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ALGOMA STEEL INC.                                                | ALGOMA STEEL INC                                   | CUSIP: 01566MAD7<br>LEI: 5493006RXIB5GVHWJS53 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $844027.82    | 0.08%             | 2029-04-15      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| HILCORP ENERGY I, L.P.                                           | HILCORP ENERGY I LP HILCORP FINANCE CO             | CUSIP: 431318BG8<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |   4766000 | PA      | $4160440.14   | 0.41%             | 2035-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| NCL CORPORATION LTD.                                             | NCL CORPORATION LTD                                | CUSIP: 62886HBA8<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   2042000 | PA      | $2032429.38   | 0.20%             | 2026-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                                   | OPAL BIDCO SAS                                     | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |   1500000 | PA      | $1501721.32   | 0.15%             | 2032-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| GGAM Finance Limited                                             | GGAM FINANCE LTD                                   | CUSIP: 36170JAD8<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $1021625.11   | 0.10%             | 2029-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| GENESEE & WYOMING INC.                                           | GENESEE WYOMING INC                                | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |   3187000 | PA      | $3227866.04   | 0.32%             | 2032-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| La Compagnie de Telephone Bell du Canada ou Bell Canada          | BELL CANADA                                        | CUSIP: 0778FPAP4<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |    873000 | PA      | $874839.03    | 0.09%             | 2055-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| METHANEX CORPORATION                                             | METHANEX CORP                                      | CUSIP: 59151KAL2<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |   2431000 | PA      | $2306627.56   | 0.23%             | 2029-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES, INC.                                       | ALBERTSONS COS INC                                 | CUSIP: 01309QAB4<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    500000 | PA      | $507384.63    | 0.05%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| SCIENTIFIC GAMES HOLDINGS LP                                     | SCIENTIFIC GAMES HOLDINGS LP                       | CUSIP: 80874DAA4<br>LEI: 549300W5GPFXXB6TQ330 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $953975.84    | 0.09%             | 2030-03-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                               | ENERGY TRANSFER LP                                 | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $988165.44    | 0.10%             | 2199-12-31      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP LP                                                   | UNITI GROUP LP UNITI GROUP FINANCE INC             | CUSIP: 91327TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1436000 | PA      | $1525035.94   | 0.15%             | 2028-02-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Aris Mining Corporation                                          | ARIS MINING CORP                                   | CUSIP: 04040YAB5<br>LEI: 5493001GJ5TILX6L1F82 | Long             | DBT              | CORP              | CA        |    900000 | PA      | $908136.96    | 0.09%             | 2029-10-31      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC.                                            | NEPTUNE BIDCO US INC                               | CUSIP: 64069JAF9<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |    177251 | PA      | $154904.57    | 0.02%             | 2028-10-11      | Floating      | 8.98%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES, INC.                                       | ALBERTSONS COS INC                                 | CUSIP: 01309QAA6<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3556367.12   | 0.35%             | 2028-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MATTAMY GROUP CORPORATION                                        | MATTAMY GROUP CORP                                 | CUSIP: 57701RAM4<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2300000 | PA      | $2107502.87   | 0.21%             | 2030-03-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| ACRISURE, LLC                                                    | ACRISURE LLC                                       | CUSIP: 00488PAV7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |    995006 | PA      | $981951.77    | 0.10%             | 2030-11-06      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| ENTERGY CORPORATION                                              | ENTERGY CORP                                       | CUSIP: 29364GAQ6<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7554363.41   | 0.75%             | 2054-12-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC.                                          | RITCHIE BROS AUCTIONEERS INC                       | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2098103.85   | 0.21%             | 2031-03-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| United Talent Agency LLC                                         | UNITED TALENT AGENCY                               | CUSIP: 91301QAM9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    990000 | PA      | $987525.00    | 0.10%             | 2028-07-07      | Floating      | 8.08%                 | No            |                  2 | On Loan: No      |
| THE CHEMOURS COMPANY                                             | CHEMOURS CO THE                                    | CUSIP: 163851AF5<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1811249.85   | 0.18%             | 2028-11-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| IVANHOE MINES LTD                                                | IVANHOE MINES LTD                                  | CUSIP: 46579RAE4<br>LEI: 5299006XZISURYIA4G32 | Long             | DBT              | CORP              | CA        |   1614000 | PA      | $1588680.68   | 0.16%             | 2030-01-23      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| DEXT ABS LLC                                                     | DEXT ABS 2023 2 LLC                                | CUSIP: 25216CAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    667000 | PA      | $715020.26    | 0.07%             | 2034-05-15      | Fixed         | 8.30%                 | Yes           |                  2 | On Loan: No      |
| US FOODS, INC.                                                   | US FOODS INC                                       | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   2418000 | PA      | $2372233.00   | 0.24%             | 2033-04-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER, LP                                             | MEDLINE BORROWER LP MEDLINE CO ISSUER INC          | CUSIP: 58506DAA6<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1108739.10   | 0.11%             | 2029-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORPORATION                                     | ENCOMPASS HEALTH CORP                              | CUSIP: 29261AAE0<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |    500000 | PA      | $475617.95    | 0.05%             | 2031-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS LLC                                          | ZAYO GROUP HOLDINGS LLC                            | CUSIP: 98919XAE1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4476923 | PA      | $4172492.31   | 0.42%             | 2027-03-09      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP                                                    | CQP HOLDCO LP BIP V CHINOOK HOLDCO LLC             | CUSIP: 12657NAA8<br>LEI: 549300LPL012JY5D4B69 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2402820.04   | 0.24%             | 2031-06-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| GEO GROUP INC THE                                                | GEO GROUP INC THE                                  | CUSIP: 36170EAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1716777 | PA      | $1736622.83   | 0.17%             | 2029-04-14      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| FMC CORPORATION                                                  | FMC CORP                                           | CUSIP: 34410WS11<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | STIV             | CORP              | US        |   1100000 | PA      | $1099845.67   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES, INC.                                          | AMERICAN AIRLINES INC                              | CUSIP: 023771T32<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    500000 | PA      | $493707.39    | 0.05%             | 2028-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| APA CORPORATION                                                  | APA CORP                                           | CUSIP: 00188AS10<br>LEI: 549300VCIWLRHYVSHC79 | Long             | STIV             | CORP              | US        |   8500000 | PA      | $8498811.70   | 0.85%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD U.S. BORROWER, LLC.                          | CUSHMAN WAKEFIELD US BORROWER LLC                  | CUSIP: 23166MAC7<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2139570.26   | 0.21%             | 2031-09-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| VAIL RESORTS, INC.                                               | VAIL RESORTS INC                                   | CUSIP: 91879QAP4<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |   3224000 | PA      | $3265245.71   | 0.32%             | 2032-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings, Inc.                                              | POST HOLDINGS INC                                  | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $944465.04    | 0.09%             | 2030-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| HUNT COMPANIES, INC.                                             | HUNT COS INC                                       | CUSIP: 445587AE8<br>LEI: 549300ODPWDNCH5TKM49 | Long             | DBT              | CORP              | US        |   1928000 | PA      | $1830134.80   | 0.18%             | 2029-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| HERC HOLDINGS INC.                                               | HERC HOLDINGS INC                                  | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1975623.68   | 0.20%             | 2029-06-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| ARROW ELECTRONICS, INC.                                          | ARROW ELECTRONICS INC                              | CUSIP: 04273LS55<br>LEI: 549300YNNLBXT8N8R512 | Long             | STIV             | CORP              | US        |   5600000 | PA      | $5596252.48   | 0.56%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SPDR Bloomberg High Yield Bond ETF                               | SPDR BLOOMBERG HIGH YIELD                          | CUSIP: 78468R622<br>LEI: N/A                  | Long             |  | RF                | US        |     40315 | NS      | $3818233.65   | 0.38%             |  |  |  | No            |                  1 | On Loan: —       |
| SIRIUS XM RADIO LLC                                              | SIRIUS XM RADIO INC                                | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1716037.01   | 0.17%             | 2031-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: —       |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** Victory Portfolios III

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer