# EDGAR Filing Document

**Accession Number:** 0001378872
**File Stem:** 0001378872-25-000344
**Filing Date:** 2025-10
**Character Count:** 128392
**Document Hash:** 4f67fe7efecb72e5b97594a47e25a19d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001378872-25-000344.hdr.sgml**: 20251028

**ACCESSION NUMBER**: 0001378872-25-000344

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251028

**DATE AS OF CHANGE**: 20251028

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Invesco Exchange-Traded Fund Trust II
- **CENTRAL INDEX KEY:** 0001378872

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21977
- **FILM NUMBER:** 251422069

**BUSINESS ADDRESS:**
- **STREET 1:** 3500 LACEY ROAD
- **STREET 2:** SUITE 700
- **CITY:** DOWNERS GROVE
- **STATE:** IL
- **ZIP:** 60515
- **BUSINESS PHONE:** 800-983-0903

**MAIL ADDRESS:**
- **STREET 1:** 3500 LACEY ROAD
- **STREET 2:** SUITE 700
- **CITY:** DOWNERS GROVE
- **STATE:** IL
- **ZIP:** 60515

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PowerShares Exchange-Traded Fund Trust II
- **DATE OF NAME CHANGE:** 20070919

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PowerShares Global Exchange-Traded Fund Trust
- **DATE OF NAME CHANGE:** 20061023

## Series and Classes Contracts Data

### Invesco Fundamental High Yield Corporate Bond ETF (Series ID: S000019230)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000053051 | Invesco Fundamental High Yield Corporate Bond ETF | PHB             |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Invesco Exchange-Traded Fund Trust II

- **b. Investment Company Act file number:** 811-21977

- **c. CIK number of Registrant:** 0001378872

- **d. LEI of Registrant:** O540V2L4S174Y60FMD36

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

  - **Street Address 1:** 3500 Lacey Road

  - **City:** Downers Grove

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60515

  - **Telephone number:** 800-983-0903

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

- **a. Name of Series:** Invesco Fundamental High Yield Corporate Bond ETF

- **b. EDGAR series identifier (if any):** S000019230

- **c. LEI of Series:** 549300RRYSNQ6NV1FH31

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-08-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $474131610.03

**Total Liabilities:** $122175364.76

**Net Assets:** $351956245.27

**Cash Not Reported:** $162025.84

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -227.03282627 | **1-Year:** -4237.72800707 | **5-Year:** -18164.27560423 | **10-Year:** -5569.08515210 | **30-Year:** 0.00000000

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

- **3-Month:** -284.24012113 | **1-Year:** -11494.16606822 | **5-Year:** -65787.15926327 | **10-Year:** -22130.79814510 | **30-Year:** -4.74890177

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000053051 | 1.88%                | 0.02%                | 1.39%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $233383.26               | $4614883.54                                |
| Month 2  | $-69835.68               | $-965633.36                                |
| Month 3  | $-107110.81              | $3291250.34                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cushman & Wakefield U.S. Borrower, LLC                                              | Cushman & Wakefield U.S. Borrower, LLC                                              | CUSIP: 23166MAC7<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1545128.64   | 0.44%             | 2031-09-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: —       |
| Axon Enterprise, Inc.                                                               | Axon Enterprise, Inc.                                                               | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    555000 | PA      | $575096.55    | 0.16%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Goat Holdco, LLC                                                                    | Goat Holdco, LLC                                                                    | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1811000 | PA      | $1843706.66   | 0.52%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GLP Capital, L.P. / GLP Financing II, Inc.                                          | GLP Capital, L.P. / GLP Financing II, Inc.                                          | CUSIP: 361841AR0<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |    884000 | PA      | $789507.91    | 0.22%             | 2032-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Advance Auto Parts, Inc.                                                            | Advance Auto Parts, Inc.                                                            | CUSIP: 00751YAE6<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    953000 | PA      | $879731.93    | 0.25%             | 2030-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Vital Energy, Inc.                                                                  | Vital Energy, Inc.                                                                  | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |   1046000 | PA      | $1031282.88   | 0.29%             | 2032-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| SLM Corp.                                                                           | SLM Corp.                                                                           | CUSIP: 78442PGF7<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | DBT              | CORP              | US        |   1480000 | PA      | $1550089.84   | 0.44%             | 2030-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NCL Corp. Ltd.                                                                      | NCL Corp. Ltd.                                                                      | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    604000 | PA      | $623290.55    | 0.18%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| YUM! Brands, Inc.                                                                   | YUM! Brands, Inc.                                                                   | CUSIP: 988498AL5<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   1117000 | PA      | $1108777.54   | 0.32%             | 2030-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Sealed Air Corp.                                                                    | Sealed Air Corp.                                                                    | CUSIP: 81211KAY6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    727000 | PA      | $712247.43    | 0.20%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Navient Corp.                                                                       | Navient Corp.                                                                       | CUSIP: 63938CAM0<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    954000 | PA      | $943878.82    | 0.27%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| Navient Corp.                                                                       | Navient Corp.                                                                       | CUSIP: 78442FAZ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   1031000 | PA      | $942293.89    | 0.27%             | 2033-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: —       |
| Adient Global Holdings Ltd.                                                         | Adient Global Holdings Ltd.                                                         | CUSIP: 00687YAC9<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |   1554000 | PA      | $1637476.22   | 0.47%             | 2031-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| Service Corp. International                                                         | Service Corp. International                                                         | CUSIP: 817565CH5<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    758000 | PA      | $766479.75    | 0.22%             | 2032-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| RingCentral, Inc.                                                                   | RingCentral, Inc.                                                                   | CUSIP: 76680RAJ6<br>LEI: 549300C8EH0H1614VE84 | Long             | DBT              | CORP              | US        |    542000 | PA      | $578882.56    | 0.16%             | 2030-08-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| Ford Motor Co.                                                                      | Ford Motor Co.                                                                      | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   4181000 | PA      | $3585697.56   | 1.02%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: —       |
| SM Energy Co.                                                                       | SM Energy Co.                                                                       | CUSIP: 78454LAW0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    578000 | PA      | $583875.95    | 0.17%             | 2028-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KB Home                                                                             | KB Home                                                                             | CUSIP: 48666KAZ2<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |   1361000 | PA      | $1267252.69   | 0.36%             | 2031-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pilgrim's Pride Corp.                                                               | Pilgrim's Pride Corp.                                                               | CUSIP: 72147KAH1<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |   1923000 | PA      | $1738851.60   | 0.49%             | 2032-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| Organon & Co. / Organon Foreign Debt Co-Issuer B.V.                                 | Organon & Co. / Organon Foreign Debt Co-Issuer B.V.                                 | CUSIP: 68622TAB7<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |   1809000 | PA      | $1551477.67   | 0.44%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| Owens-Brockway Glass Container Inc.                                                 | Owens-Brockway Glass Container Inc.                                                 | CUSIP: 69073TAU7<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1405866.72   | 0.40%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| Rocket Cos., Inc.                                                                   | Rocket Cos., Inc.                                                                   | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1221000 | PA      | $1268588.55   | 0.36%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Brandywine Operating Partnership, L.P.                                              | Brandywine Operating Partnership, L.P.                                              | CUSIP: 105340AQ6<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              | CORP              | US        |    965000 | PA      | $940277.18    | 0.27%             | 2027-11-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp.                 | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp.                 | CUSIP: 505742AR7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    410000 | PA      | $431381.50    | 0.12%             | 2031-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GEO Group, Inc. (The)                                                               | GEO Group, Inc. (The)                                                               | CUSIP: 36162JAH9<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |    920000 | PA      | $1014808.82   | 0.29%             | 2031-04-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| Arcosa, Inc.                                                                        | Arcosa, Inc.                                                                        | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |    768000 | PA      | $801763.58    | 0.23%             | 2032-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| Paramount Global                                                                    | Paramount Global                                                                    | CUSIP: 92556HAB3<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   1646000 | PA      | $1636268.80   | 0.46%             | 2031-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| OneMain Finance Corp.                                                               | OneMain Finance Corp.                                                               | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1132000 | PA      | $1165435.88   | 0.33%             | 2029-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: —       |
| United Rentals (North America), Inc.                                                | United Rentals (North America), Inc.                                                | CUSIP: 911363AM1<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   1335000 | PA      | $1256998.85   | 0.36%             | 2031-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GLP Capital, L.P. / GLP Financing II, Inc.                                          | GLP Capital, L.P. / GLP Financing II, Inc.                                          | CUSIP: 361841AL3<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |    762000 | PA      | $776294.36    | 0.22%             | 2029-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Sinclair Television Group, Inc.                                                     | Sinclair Television Group, Inc.                                                     | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   1545000 | PA      | $1584204.38   | 0.45%             | 2033-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                    | Paramount Global                                                                    | CUSIP: 124857AR4<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   1642000 | PA      | $1606748.90   | 0.46%             | 2027-01-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Elanco Animal Health Inc.                                                           | Elanco Animal Health Inc.                                                           | CUSIP: 28414HAG8<br>LEI: 549300SHPNDCE059M934 | Long             | DBT              | CORP              | US        |   1406000 | PA      | $1467314.25   | 0.42%             | 2028-08-28      | Fixed         | 6.65%                 | No            |                  2 | On Loan: —       |
| Penske Automotive Group, Inc.                                                       | Penske Automotive Group, Inc.                                                       | CUSIP: 70959WAK9<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | DBT              | CORP              | US        |   2428000 | PA      | $2316894.48   | 0.66%             | 2029-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| Twilio Inc.                                                                         | Twilio Inc.                                                                         | CUSIP: 90138FAC6<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |   1029000 | PA      | $983183.16    | 0.28%             | 2029-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Regal Rexnord Corp.                                                                 | Regal Rexnord Corp.                                                                 | CUSIP: 758750AL7<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    698000 | PA      | $701031.08    | 0.20%             | 2026-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| NCL Corp. Ltd.                                                                      | NCL Corp. Ltd.                                                                      | CUSIP: 62886HBG5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    583000 | PA      | $623152.96    | 0.18%             | 2029-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| Rocket Cos., Inc.                                                                   | Rocket Cos., Inc.                                                                   | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1225000 | PA      | $1261290.63   | 0.36%             | 2030-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc.                                                                  | Newell Brands Inc.                                                                  | CUSIP: 651229BD7<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    946000 | PA      | $952371.31    | 0.27%             | 2029-09-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: —       |
| Cleveland-Cliffs Steel Corp.                                                        | Cleveland-Cliffs Steel Corp.                                                        | CUSIP: 001546AU4<br>LEI: O05HJM8THRTZG4688Q91 | Long             | DBT              | CORP              | US        |       760 | PA      | $760.25       | 0.00%             | 2027-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Kaiser Aluminum Corp.                                                               | Kaiser Aluminum Corp.                                                               | CUSIP: 483007AL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    891000 | PA      | $836586.10    | 0.24%             | 2031-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| StoneX Group Inc.                                                                   | StoneX Group Inc.                                                                   | CUSIP: 861896AA6<br>LEI: 549300JUF07L8VF02M60 | Long             | DBT              | CORP              | US        |   3008000 | PA      | $3181823.30   | 0.90%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Axalta Coating Systems Dutch Holding B B.V.                                         | Axalta Coating Systems Dutch Holding B B.V.                                         | CUSIP: 05455JAA5<br>LEI: 5493007DMEBZH3CQ5E51 | Long             | DBT              | CORP              | NL        |   1274800 | PA      | $1343200.67   | 0.38%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| Ashland Inc.                                                                        | Ashland Inc.                                                                        | CUSIP: 04433LAA0<br>LEI: 529900E4L9R04SB8HB11 | Long             | DBT              | CORP              | US        |   1193000 | PA      | $1065179.36   | 0.30%             | 2031-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: —       |
| Six Flags Entertainment Corp.                                                       | Six Flags Entertainment Corp.                                                       | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |    817000 | PA      | $821535.17    | 0.23%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| Atkore Inc.                                                                         | Atkore Inc.                                                                         | CUSIP: 047649AA6<br>LEI: 52990002TI38AM4RPV48 | Long             | DBT              | CORP              | US        |   1293000 | PA      | $1201777.43   | 0.34%             | 2031-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| Iron Mountain Information Management Services, Inc.                                 | Iron Mountain Information Management Services, Inc.                                 | CUSIP: 46285MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2342000 | PA      | $2253360.22   | 0.64%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TopBuild Corp.                                                                      | TopBuild Corp.                                                                      | CUSIP: 89055FAC7<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |   1357000 | PA      | $1266652.03   | 0.36%             | 2032-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: —       |
| CNX Resources Corp.                                                                 | CNX Resources Corp.                                                                 | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |   1251000 | PA      | $1298902.04   | 0.37%             | 2032-03-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Huntsman International LLC                                                          | Huntsman International LLC                                                          | CUSIP: 44701QBE1<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |    764000 | PA      | $735351.14    | 0.21%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| Xerox Holdings Corp.                                                                | Xerox Holdings Corp.                                                                | CUSIP: 98421MAB2<br>LEI: 5493000Y33XDVO2CXC18 | Long             | DBT              | CORP              | US        |   2024000 | PA      | $1318397.71   | 0.37%             | 2028-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| ATI Inc.                                                                            | ATI Inc.                                                                            | CUSIP: 01741RAH5<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    557000 | PA      | $558008.62    | 0.16%             | 2027-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| Spirit AeroSystems, Inc.                                                            | Spirit AeroSystems, Inc.                                                            | CUSIP: 85205TAR1<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    904000 | PA      | $996723.28    | 0.28%             | 2030-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Builders FirstSource, Inc.                                                          | Builders FirstSource, Inc.                                                          | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   2535000 | PA      | $2384281.07   | 0.68%             | 2032-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| Griffon Corp.                                                                       | Griffon Corp.                                                                       | CUSIP: 398433AP7<br>LEI: 5493000C2SGNC7ZN3242 | Long             | DBT              | CORP              | US        |    922000 | PA      | $921291.81    | 0.26%             | 2028-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Acadia Healthcare Co., Inc.                                                         | Acadia Healthcare Co., Inc.                                                         | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |   1055000 | PA      | $1099978.87   | 0.31%             | 2033-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| Block, Inc.                                                                         | Block, Inc.                                                                         | CUSIP: 852234AN3<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   1062000 | PA      | $1044685.79   | 0.30%             | 2026-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Whirlpool Corp.                                                                     | Whirlpool Corp.                                                                     | CUSIP: 963320AW6<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |   1244000 | PA      | $1229118.05   | 0.35%             | 2029-02-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| IQVIA Inc.                                                                          | IQVIA Inc.                                                                          | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   1167000 | PA      | $1204422.19   | 0.34%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| Silgan Holdings Inc.                                                                | Silgan Holdings Inc.                                                                | CUSIP: 827048AW9<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |   1339000 | PA      | $1304023.98   | 0.37%             | 2028-02-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: —       |
| Cinemark USA, Inc.                                                                  | Cinemark USA, Inc.                                                                  | CUSIP: 172441BH9<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |    849000 | PA      | $880270.37    | 0.25%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| Permian Resources Operating, LLC                                                    | Permian Resources Operating, LLC                                                    | CUSIP: 71424VAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |   1105000 | PA      | $1146365.68   | 0.33%             | 2032-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Shift4 Payments LLC / Shift4 Payments Finance Sub Inc.                              | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc.                              | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    729000 | PA      | $756330.21    | 0.21%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Lamar Media Corp.                                                                   | Lamar Media Corp.                                                                   | CUSIP: 513075BZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    872000 | PA      | $808035.31    | 0.23%             | 2031-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: —       |
| Antero Midstream Partners L.P./ Antero Midstream Finance Corp.                      | Antero Midstream Partners L.P./ Antero Midstream Finance Corp.                      | CUSIP: 03690AAK2<br>LEI: 529900HFO1BDEIT4QU11 | Long             | DBT              | CORP              | US        |   1235000 | PA      | $1278008.88   | 0.36%             | 2032-02-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Clue Opco LLC                                                                       | Clue Opco LLC                                                                       | CUSIP: 36267QAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    682000 | PA      | $726671.00    | 0.21%             | 2031-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: —       |
| WarnerMedia Holdings, Inc.                                                          | WarnerMedia Holdings, Inc.                                                          | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   2461000 | PA      | $2125381.13   | 0.60%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: —       |
| Valaris Ltd.                                                                        | Valaris Ltd.                                                                        | CUSIP: 91889FAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    640000 | PA      | $666749.44    | 0.19%             | 2030-04-30      | Fixed         | 8.38%                 | No            |                  2 | On Loan: —       |
| Crocs, Inc.                                                                         | Crocs, Inc.                                                                         | CUSIP: 227046AB5<br>LEI: 549300B0J6YCXD63OG72 | Long             | DBT              | CORP              | US        |   1228000 | PA      | $1104790.95   | 0.31%             | 2031-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Graphic Packaging International, LLC                                                | Graphic Packaging International, LLC                                                | CUSIP: 38869AAB3<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    861000 | PA      | $829507.72    | 0.24%             | 2028-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Century Communities, Inc.                                                           | Century Communities, Inc.                                                           | CUSIP: 156504AL6<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |    981000 | PA      | $983673.23    | 0.28%             | 2027-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AECOM                                                                               | AECOM                                                                               | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |   1714000 | PA      | $1750593.90   | 0.50%             | 2033-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CACI International Inc.                                                             | CACI International Inc.                                                             | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |   1353000 | PA      | $1397232.70   | 0.40%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PG&E Corp.                                                                          | PG&E Corp.                                                                          | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   3844000 | PA      | $3748646.50   | 1.07%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| Dana Inc.                                                                           | Dana Inc.                                                                           | CUSIP: 235825AG1<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    720000 | PA      | $720088.63    | 0.20%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Lamb Weston Holdings, Inc.                                                          | Lamb Weston Holdings, Inc.                                                          | CUSIP: 513272AE4<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    771000 | PA      | $725766.36    | 0.21%             | 2032-01-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| Lamb Weston Holdings, Inc.                                                          | Lamb Weston Holdings, Inc.                                                          | CUSIP: 513272AC8<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    714000 | PA      | $711699.49    | 0.20%             | 2028-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Entegris, Inc.                                                                      | Entegris, Inc.                                                                      | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |   1129000 | PA      | $1113727.11   | 0.32%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Macy's Retail Holdings, LLC                                                         | Macy's Retail Holdings, LLC                                                         | CUSIP: 55617LAR3<br>LEI: 549300JMONK27O4SQQ19 | Long             | DBT              | CORP              | US        |   2580000 | PA      | $2521032.55   | 0.72%             | 2032-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: —       |
| Skyworks Solutions, Inc.                                                            | Skyworks Solutions, Inc.                                                            | CUSIP: 83088MAL6<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | DBT              | CORP              | US        |   1047000 | PA      | $944348.20    | 0.27%             | 2031-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: —       |
| Centene Corp.                                                                       | Centene Corp.                                                                       | CUSIP: 15135BAY7<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   2937000 | PA      | $2715275.30   | 0.77%             | 2028-07-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: —       |
| Sealed Air Corp.                                                                    | Sealed Air Corp.                                                                    | CUSIP: 81211KAK6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    669000 | PA      | $723125.45    | 0.21%             | 2033-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| ADT Security Corp. (The)                                                            | ADT Security Corp. (The)                                                            | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    991000 | PA      | $958839.47    | 0.27%             | 2029-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| IHS Holding Ltd.                                                                    | IHS Holding Ltd.                                                                    | CUSIP: 44963HAD7<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |   1081000 | PA      | $1119904.73   | 0.32%             | 2031-11-29      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc.                                                                  | Newell Brands Inc.                                                                  | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    957000 | PA      | $936557.71    | 0.27%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: —       |
| Celanese US Holdings LLC                                                            | Celanese US Holdings LLC                                                            | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    938000 | PA      | $976602.45    | 0.28%             | 2033-11-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: —       |
| Valvoline Inc.                                                                      | Valvoline Inc.                                                                      | CUSIP: 92047WAG6<br>LEI: 549300CMHPBEY6VPOT75 | Long             | DBT              | CORP              | US        |   1053000 | PA      | $961267.48    | 0.27%             | 2031-06-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: —       |
| Brinker International, Inc.                                                         | Brinker International, Inc.                                                         | CUSIP: 109641AK6<br>LEI: 52990067JY6PBGJNTG76 | Long             | DBT              | CORP              | US        |    866000 | PA      | $921384.16    | 0.26%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| Life Time, Inc.                                                                     | Life Time, Inc.                                                                     | CUSIP: 53190FAE5<br>LEI: 549300PALKE96VYH4X17 | Long             | DBT              | CORP              | US        |    840000 | PA      | $849459.68    | 0.24%             | 2031-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Matador Resources Co.                                                               | Matador Resources Co.                                                               | CUSIP: 576485AG1<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |   1101000 | PA      | $1117740.71   | 0.32%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Tenet Healthcare Corp.                                                              | Tenet Healthcare Corp.                                                              | CUSIP: 88033GAV2<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1264000 | PA      | $1358113.65   | 0.39%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                                           | Vistra Operations Co. LLC                                                           | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   2371000 | PA      | $2520624.33   | 0.72%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Forestar Group Inc.                                                                 | Forestar Group Inc.                                                                 | CUSIP: 346232AG6<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |    696000 | PA      | $709988.21    | 0.20%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Avient Corp.                                                                        | Avient Corp.                                                                        | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |   1047000 | PA      | $1067199.77   | 0.30%             | 2031-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Hilton Domestic Operating Co. Inc.                                                  | Hilton Domestic Operating Co. Inc.                                                  | CUSIP: 432833AF8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    786000 | PA      | $784325.51    | 0.22%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| Hertz Corp. (The)                                                                   | Hertz Corp. (The)                                                                   | CUSIP: 428040DC0<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |   2411000 | PA      | $2507449.64   | 0.71%             | 2029-07-15      | Fixed         | 12.62%                | No            |                  2 | On Loan: —       |
| Gap, Inc. (The)                                                                     | Gap, Inc. (The)                                                                     | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |   2187000 | PA      | $1982119.87   | 0.56%             | 2031-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| AMC Networks Inc.                                                                   | AMC Networks Inc.                                                                   | CUSIP: 00164VAK9<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |   1188000 | PA      | $1227750.48   | 0.35%             | 2032-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: —       |
| Churchill Downs Inc.                                                                | Churchill Downs Inc.                                                                | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    437000 | PA      | $449683.92    | 0.13%             | 2031-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| Service Corp. International                                                         | Service Corp. International                                                         | CUSIP: 817565CE2<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    770000 | PA      | $766134.06    | 0.22%             | 2029-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| Kennedy-Wilson, Inc.                                                                | Kennedy-Wilson, Inc.                                                                | CUSIP: 489399AM7<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |    547000 | PA      | $511092.47    | 0.15%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Civitas Resources, Inc.                                                             | Civitas Resources, Inc.                                                             | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   1396000 | PA      | $1437840.91   | 0.41%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: —       |
| LGI Homes, Inc.                                                                     | LGI Homes, Inc.                                                                     | CUSIP: 50187TAK2<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    942000 | PA      | $919778.22    | 0.26%             | 2032-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies, Inc.                                                             | SS&C Technologies, Inc.                                                             | CUSIP: 78466CAD8<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |   1709000 | PA      | $1774712.55   | 0.50%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  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        |    443000 | PA      | $442361.59    | 0.13%             | 2032-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| Molina Healthcare, Inc.                                                             | Molina Healthcare, Inc.                                                             | CUSIP: 60855RAL4<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |   2828000 | PA      | $2530353.57   | 0.72%             | 2032-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| Zebra Technologies Corp.                                                            | Zebra Technologies Corp.                                                            | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |   1391000 | PA      | $1429456.98   | 0.41%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Hudson Pacific Properties, L.P.                                                     | Hudson Pacific Properties, L.P.                                                     | CUSIP: 44409MAC0<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              | CORP              | US        |   1493000 | PA      | $1264454.99   | 0.36%             | 2030-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: —       |
| EnPro Inc.                                                                          | EnPro Inc.                                                                          | CUSIP: 29355XAH0<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | DBT              | CORP              | US        |    654000 | PA      | $668987.06    | 0.19%             | 2033-06-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Carnival Corp.                                                                      | Carnival Corp.                                                                      | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   1038000 | PA      | $1066575.10   | 0.30%             | 2033-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Sabra Health Care L.P.                                                              | Sabra Health Care L.P.                                                              | CUSIP: 78572XAG6<br>LEI: 549300OVKLRFSIQG0H81 | Long             | DBT              | CORP              | US        |    556000 | PA      | $537872.14    | 0.15%             | 2029-10-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: —       |
| IQVIA Inc.                                                                          | IQVIA Inc.                                                                          | CUSIP: 46266TAD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   1155000 | PA      | $1198549.28   | 0.34%             | 2030-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Chemours Co. (The)                                                                  | Chemours Co. (The)                                                                  | CUSIP: 163851AE8<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    733000 | PA      | $730834.20    | 0.21%             | 2027-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| Fortrea Holdings Inc.                                                               | Fortrea Holdings Inc.                                                               | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |   1003000 | PA      | $956838.03    | 0.27%             | 2030-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| Steelcase Inc.                                                                      | Steelcase Inc.                                                                      | CUSIP: 858155AE4<br>LEI: GIE4CCPBJDI8SMV1OX95 | Long             | DBT              | CORP              | US        |    926000 | PA      | $923129.40    | 0.26%             | 2029-01-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Lamar Media Corp.                                                                   | Lamar Media Corp.                                                                   | CUSIP: 513075BR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    828000 | PA      | $805682.67    | 0.23%             | 2028-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VFH Parent LLC / Valor Co-Issuer Inc.                                               | VFH Parent LLC / Valor Co-Issuer Inc.                                               | CUSIP: 91824YAA6<br>LEI: 549300FRO9M476YHHY64 | Long             | DBT              | CORP              | US        |   1520000 | PA      | $1600746.96   | 0.45%             | 2031-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Walker & Dunlop, Inc.                                                               | Walker & Dunlop, Inc.                                                               | CUSIP: 93148PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    889000 | PA      | $925582.35    | 0.26%             | 2033-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CoStar Group, Inc.                                                                  | CoStar Group, Inc.                                                                  | CUSIP: 22160NAA7<br>LEI: 984500Q1D53D08E2E698 | Long             | DBT              | CORP              | US        |   1198000 | PA      | $1099086.99   | 0.31%             | 2030-07-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Arbor Realty SR, Inc.                                                               | Arbor Realty SR, Inc.                                                               | CUSIP: 03881NAJ6<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              | CORP              | US        |   1291000 | PA      | $1344640.73   | 0.38%             | 2030-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Wayfair LLC                                                                         | Wayfair LLC                                                                         | CUSIP: 94419NAA5<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |   1514000 | PA      | $1547503.31   | 0.44%             | 2029-10-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| Bath & Body Works, Inc.                                                             | Bath & Body Works, Inc.                                                             | CUSIP: 501797AL8<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    863000 | PA      | $899759.49    | 0.26%             | 2035-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| Light and Wonder International, Inc.                                                | Light and Wonder International, Inc.                                                | CUSIP: 531968AA3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |   1166000 | PA      | $1217913.82   | 0.35%             | 2031-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                                           | Ford Motor Credit Co. LLC                                                           | CUSIP: 345397B28<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   3480000 | PA      | $3468752.47   | 0.99%             | 2025-11-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ADT Security Corp. (The)                                                            | ADT Security Corp. (The)                                                            | CUSIP: 74166NAA2<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    995000 | PA      | $958188.28    | 0.27%             | 2032-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Blackstone Mortgage Trust, Inc.                                                     | Blackstone Mortgage Trust, Inc.                                                     | CUSIP: 09257WAF7<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              | CORP              | US        |   1438000 | PA      | $1534476.86   | 0.44%             | 2029-12-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Hillenbrand, Inc.                                                                   | Hillenbrand, Inc.                                                                   | CUSIP: 431571AE8<br>LEI: U246OE781574J2BUD366 | Long             | DBT              | CORP              | US        |   1147000 | PA      | $1055403.79   | 0.30%             | 2031-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| XPO, Inc.                                                                           | XPO, Inc.                                                                           | CUSIP: 983793AK6<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |   1322000 | PA      | $1387513.03   | 0.39%             | 2032-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Sirius XM Radio LLC.                                                                | Sirius XM Radio LLC.                                                                | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   2583000 | PA      | $2324584.02   | 0.66%             | 2031-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| Cleveland-Cliffs Inc.                                                               | Cleveland-Cliffs Inc.                                                               | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    984000 | PA      | $1000087.42   | 0.28%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Whirlpool Corp.                                                                     | Whirlpool Corp.                                                                     | CUSIP: 963320BE5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |   1237000 | PA      | $1246795.44   | 0.35%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| NRG Energy, Inc.                                                                    | NRG Energy, Inc.                                                                    | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   2434000 | PA      | $2496972.45   | 0.71%             | 2034-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| YUM! Brands, Inc.                                                                   | YUM! Brands, Inc.                                                                   | CUSIP: 988498AN1<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   1212000 | PA      | $1128146.69   | 0.32%             | 2031-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: —       |
| PHINIA Inc.                                                                         | PHINIA Inc.                                                                         | CUSIP: 71880KAB7<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |    859000 | PA      | $882912.84    | 0.25%             | 2032-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Vornado Realty, L.P.                                                                | Vornado Realty, L.P.                                                                | CUSIP: 929043AK3<br>LEI: 549300BMOJ05INE4YK86 | Long             | DBT              | CORP              | US        |    831000 | PA      | $813139.75    | 0.23%             | 2026-06-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Sensata Technologies, Inc.                                                          | Sensata Technologies, Inc.                                                          | CUSIP: 81728UAC8<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    599000 | PA      | $619195.88    | 0.18%             | 2032-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| United Rentals (North America), Inc.                                                | United Rentals (North America), Inc.                                                | CUSIP: 911365BG8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   1231000 | PA      | $1224978.56   | 0.35%             | 2028-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| United Airlines, Inc.                                                               | United Airlines, Inc.                                                               | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   3440000 | PA      | $3387483.93   | 0.96%             | 2029-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AppLovin Corp.                                                                      | AppLovin Corp.                                                                      | CUSIP: 03831WAB4<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    543000 | PA      | $555518.73    | 0.16%             | 2029-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Station Casinos LLC                                                                 | Station Casinos LLC                                                                 | CUSIP: 857691AJ8<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |   1040000 | PA      | $1070356.56   | 0.30%             | 2032-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: —       |
| M/I Homes, Inc.                                                                     | M/I Homes, Inc.                                                                     | CUSIP: 55305BAS0<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |   1122000 | PA      | $1111060.05   | 0.32%             | 2028-02-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Brightstar Lottery PLC                                                              | Brightstar Lottery PLC                                                              | CUSIP: 460599AD5<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   1432700 | PA      | $1447969.72   | 0.41%             | 2027-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                                                              | Tenet Healthcare Corp.                                                              | CUSIP: 88033GDQ0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1324000 | PA      | $1345921.47   | 0.38%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Hexcel Corp.                                                                        | Hexcel Corp.                                                                        | CUSIP: 428291AN8<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | DBT              | CORP              | US        |    813000 | PA      | $808192.64    | 0.23%             | 2027-02-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Western Digital Corp.                                                               | Western Digital Corp.                                                               | CUSIP: 958102AR6<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |   1152000 | PA      | $1027220.54   | 0.29%             | 2032-02-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: —       |
| Fluor Corp.                                                                         | Fluor Corp.                                                                         | CUSIP: 343412AF9<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | DBT              | CORP              | US        |   1503000 | PA      | $1479879.80   | 0.42%             | 2028-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp.                 | Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp.                 | CUSIP: 559665AB0<br>LEI: 984500CG376B0B99F016 | Long             | DBT              | CORP              | US        |    846000 | PA      | $869765.83    | 0.25%             | 2032-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Somnigroup International Inc.                                                       | Somnigroup International Inc.                                                       | CUSIP: 88023UAJ0<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |   1313000 | PA      | $1202124.24   | 0.34%             | 2031-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| FirstCash, Inc.                                                                     | FirstCash, Inc.                                                                     | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    860000 | PA      | $893484.10    | 0.25%             | 2032-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Sensata Technologies, Inc.                                                          | Sensata Technologies, Inc.                                                          | CUSIP: 81728UAA2<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    650000 | PA      | $626352.87    | 0.18%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ATI Inc.                                                                            | ATI Inc.                                                                            | CUSIP: 01741RAM4<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    580000 | PA      | $566525.90    | 0.16%             | 2031-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| Invesco Private Prime Fund                                                          | Invesco Private Prime Fund                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  83364812 | NS      | $83364811.94  | 23.69%            |  |  |  | No            |                  2 | On Loan: No      |
| Carpenter Technology Corp.                                                          | Carpenter Technology Corp.                                                          | CUSIP: 144285AL7<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |    799000 | PA      | $803271.45    | 0.23%             | 2028-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CROWN Americas LLC                                                                  | CROWN Americas LLC                                                                  | CUSIP: 228180AB1<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |    919000 | PA      | $931766.75    | 0.26%             | 2030-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| QXO Building Products, Inc.                                                         | QXO Building Products, Inc.                                                         | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    112000 | PA      | $115954.13    | 0.03%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AppLovin Corp.                                                                      | AppLovin Corp.                                                                      | CUSIP: 03831WAD0<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    540000 | PA      | $551389.67    | 0.16%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| DPL Inc.                                                                            | DPL Inc.                                                                            | CUSIP: 233293AQ2<br>LEI: 549300DCB0ZJQBPCO827 | Long             | DBT              | CORP              | US        |   2782000 | PA      | $2755278.61   | 0.78%             | 2029-04-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: —       |
| CROWN Americas LLC                                                                  | CROWN Americas LLC                                                                  | CUSIP: 228180AC9<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |    931000 | PA      | $942563.02    | 0.27%             | 2033-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Advance Auto Parts, Inc.                                                            | Advance Auto Parts, Inc.                                                            | CUSIP: 00751YAG1<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |   1023000 | PA      | $893390.50    | 0.25%             | 2032-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| DaVita Inc.                                                                         | DaVita Inc.                                                                         | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   2197000 | PA      | $2274536.52   | 0.65%             | 2032-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| Coty Inc./HFC Prestige Products Inc./HFC Prestige International US LLC              | Coty Inc./HFC Prestige Products Inc./HFC Prestige International US LLC              | CUSIP: 22207AAA0<br>LEI: 549300BO9IWPF3S48F93 | Long             | DBT              | CORP              | US        |   1351000 | PA      | $1383097.06   | 0.39%             | 2030-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: —       |
| Olin Corp.                                                                          | Olin Corp.                                                                          | CUSIP: 680665AL0<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    836000 | PA      | $834707.96    | 0.24%             | 2029-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: —       |
| Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp.                 | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp.                 | CUSIP: 505742AS5<br>LEI: 254900TBF2Z4GR7NSX02 | Long             | DBT              | CORP              | US        |    426000 | PA      | $434336.82    | 0.12%             | 2030-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Coinbase Global, Inc.                                                               | Coinbase Global, Inc.                                                               | CUSIP: 19260QAD9<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   3385000 | PA      | $3032094.79   | 0.86%             | 2031-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: —       |
| Seagate Data Storage Technology Pte. Ltd.                                           | Seagate Data Storage Technology Pte. Ltd.                                           | CUSIP: 81180LAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    949740 | PA      | $1079157.98   | 0.31%             | 2032-12-01      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Qorvo, Inc.                                                                         | Qorvo, Inc.                                                                         | CUSIP: 74736KAH4<br>LEI: 254900YAUJV2EUEVBR11 | Long             | DBT              | CORP              | US        |   1431000 | PA      | $1402918.11   | 0.40%             | 2029-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Block, Inc.                                                                         | Block, Inc.                                                                         | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1036753.91   | 0.29%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Scotts Miracle-Gro Co. (The)                                                        | Scotts Miracle-Gro Co. (The)                                                        | CUSIP: 810186AX4<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |   1466000 | PA      | $1350204.03   | 0.38%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| Murphy Oil USA, Inc.                                                                | Murphy Oil USA, Inc.                                                                | CUSIP: 626738AE8<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1722610.58   | 0.49%             | 2029-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Celanese US Holdings LLC                                                            | Celanese US Holdings LLC                                                            | CUSIP: 15089QAM6<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    986000 | PA      | $1015257.58   | 0.29%             | 2027-07-15      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| WEX Inc.                                                                            | WEX Inc.                                                                            | CUSIP: 96208TAD6<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | DBT              | CORP              | US        |   1269000 | PA      | $1299333.86   | 0.37%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| JetBlue Airways Corp. / JetBlue Loyalty L.P.                                        | JetBlue Airways Corp. / JetBlue Loyalty L.P.                                        | CUSIP: 476920AA1<br>LEI: 54930070J9H97ZO93T57 | Long             | DBT              | CORP              | US        |   1360000 | PA      | $1352471.18   | 0.38%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: —       |
| WarnerMedia Holdings, Inc.                                                          | WarnerMedia Holdings, Inc.                                                          | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   2234000 | PA      | $2124053.69   | 0.60%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: —       |
| Baldwin Insurance Group Holdings LLC / Baldwin Insurance Group Holdings Finance     | Baldwin Insurance Group Holdings LLC / Baldwin Insurance Group Holdings Finance     | CUSIP: 05825XAA7<br>LEI: 5493004GCDREAQPPYG20 | Long             | DBT              | CORP              | US        |    418000 | PA      | $434169.49    | 0.12%             | 2031-05-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CCO Holdings, LLC/CCO Holdings Capital Corp.                                        | CCO Holdings, LLC/CCO Holdings Capital Corp.                                        | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3459000 | PA      | $3006000.37   | 0.85%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| Century Aluminum Co.                                                                | Century Aluminum Co.                                                                | CUSIP: 156431AS7<br>LEI: 549300U5ODNGEYWKSW73 | Long             | DBT              | CORP              | US        |    714000 | PA      | $730657.62    | 0.21%             | 2032-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Newmark Group, Inc.                                                                 | Newmark Group, Inc.                                                                 | CUSIP: 65158NAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    798000 | PA      | $853804.94    | 0.24%             | 2029-01-12      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Murphy Oil Corp.                                                                    | Murphy Oil Corp.                                                                    | CUSIP: 626717AP7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |   1510000 | PA      | $1471459.82   | 0.42%             | 2032-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| V.F. Corp.                                                                          | V.F. Corp.                                                                          | CUSIP: 918204BB3<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |   2372000 | PA      | $2291925.88   | 0.65%             | 2027-04-23      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Dana Inc.                                                                           | Dana Inc.                                                                           | CUSIP: 235825AH9<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    774000 | PA      | $765728.42    | 0.22%             | 2030-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| Service Properties Trust                                                            | Service Properties Trust                                                            | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    497000 | PA      | $530050.00    | 0.15%             | 2031-11-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Cogent Communications Group LLC / Cogent Finance Inc.                               | Cogent Communications Group LLC / Cogent Finance Inc.                               | CUSIP: 19240WAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    951000 | PA      | $906493.20    | 0.26%             | 2032-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Huntsman International LLC                                                          | Huntsman International LLC                                                          | CUSIP: 44701QBF8<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |    879000 | PA      | $752055.79    | 0.21%             | 2031-06-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: —       |
| Under Armour, Inc.                                                                  | Under Armour, Inc.                                                                  | CUSIP: 904311AA5<br>LEI: 549300D4549QKWETZ406 | Long             | DBT              | CORP              | US        |   1202000 | PA      | $1187175.01   | 0.34%             | 2026-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Service Properties Trust                                                            | Service Properties Trust                                                            | CUSIP: 81761LAB8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    552000 | PA      | $545196.00    | 0.15%             | 2027-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc.                                                                 | Ally Financial Inc.                                                                 | CUSIP: 02005NBF6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1681000 | PA      | $1683689.84   | 0.48%             | 2025-11-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Performance Food Group, Inc.                                                        | Performance Food Group, Inc.                                                        | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   2737000 | PA      | $2804784.54   | 0.80%             | 2032-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: —       |
| Hilton Domestic Operating Co. Inc.                                                  | Hilton Domestic Operating Co. Inc.                                                  | CUSIP: 432833AR2<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    775000 | PA      | $791397.45    | 0.22%             | 2033-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Gen Digital Inc.                                                                    | Gen Digital Inc.                                                                    | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |   2242000 | PA      | $2311058.08   | 0.66%             | 2033-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Talos Production Inc.                                                               | Talos Production Inc.                                                               | CUSIP: 87485LAE4<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |    943000 | PA      | $977919.29    | 0.28%             | 2031-02-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: —       |
| Select Medical Corp.                                                                | Select Medical Corp.                                                                | CUSIP: 816196AV1<br>LEI: 549300X05KS0JKR8CB50 | Long             | DBT              | CORP              | US        |    940000 | PA      | $946267.11    | 0.27%             | 2032-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| PBF Holding Co. LLC / PBF Finance Corp.                                             | PBF Holding Co. LLC / PBF Finance Corp.                                             | CUSIP: 69318FAL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2619000 | PA      | $2537796.86   | 0.72%             | 2030-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| Las Vegas Sands Corp.                                                               | Las Vegas Sands Corp.                                                               | CUSIP: 517834AF4<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |   1264000 | PA      | $1219929.50   | 0.35%             | 2029-08-08      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Windsor Holdings III, LLC                                                           | Windsor Holdings III, LLC                                                           | CUSIP: 97360AAA5<br>LEI: 254900IXUJZ9H146T437 | Long             | DBT              | CORP              | US        |   1762000 | PA      | $1874641.14   | 0.53%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MPT Operating Partnership L.P./ MPT Finance Corp.                                   | MPT Operating Partnership L.P./ MPT Finance Corp.                                   | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1579000 | PA      | $1656701.01   | 0.47%             | 2032-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Insight Enterprises, Inc.                                                           | Insight Enterprises, Inc.                                                           | CUSIP: 45765UAC7<br>LEI: 529900S8991TYW6YP792 | Long             | DBT              | CORP              | US        |   1435000 | PA      | $1478681.40   | 0.42%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Seagate Data Storage Technology Pte. Ltd.                                           | Seagate Data Storage Technology Pte. Ltd.                                           | CUSIP: 81180LAK1<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   1089000 | PA      | $1036390.19   | 0.29%             | 2029-06-01      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| Taylor Morrison Communities, Inc.                                                   | Taylor Morrison Communities, Inc.                                                   | CUSIP: 87724RAJ1<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |   1568000 | PA      | $1564561.06   | 0.44%             | 2030-08-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| Insulet Corp.                                                                       | Insulet Corp.                                                                       | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |    664000 | PA      | $688959.10    | 0.20%             | 2033-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Post Holdings, Inc.                                                                 | Post Holdings, Inc.                                                                 | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1470188.16   | 0.42%             | 2031-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Outfront Media Capital LLC / Outfront Media Capital Corp.                           | Outfront Media Capital LLC / Outfront Media Capital Corp.                           | CUSIP: 69007TAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1021000 | PA      | $1078073.90   | 0.31%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Vornado Realty, L.P.                                                                | Vornado Realty, L.P.                                                                | CUSIP: 929043AL1<br>LEI: 549300BMOJ05INE4YK86 | Long             | DBT              | CORP              | US        |    932000 | PA      | $831583.32    | 0.24%             | 2031-06-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: —       |
| WESCO Distribution Inc.                                                             | WESCO Distribution Inc.                                                             | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   1829000 | PA      | $1898731.96   | 0.54%             | 2032-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: —       |
| Sally Holdings LLC / Sally Capital Inc.                                             | Sally Holdings LLC / Sally Capital Inc.                                             | CUSIP: 79546VAQ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1105000 | PA      | $1147573.44   | 0.33%             | 2032-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| Boyd Gaming Corp.                                                                   | Boyd Gaming Corp.                                                                   | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |   1288000 | PA      | $1240475.63   | 0.35%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TriNet Group, Inc.                                                                  | TriNet Group, Inc.                                                                  | CUSIP: 896288AC1<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |   1154000 | PA      | $1200824.70   | 0.34%             | 2031-08-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| SBA Communications Corp.                                                            | SBA Communications Corp.                                                            | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |   1560000 | PA      | $1534452.75   | 0.44%             | 2027-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MGM Resorts International                                                           | MGM Resorts International                                                           | CUSIP: 552953CJ8<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    988000 | PA      | $1014553.49   | 0.29%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Teleflex Inc.                                                                       | Teleflex Inc.                                                                       | CUSIP: 879369AF3<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | DBT              | CORP              | US        |   1164000 | PA      | $1152232.43   | 0.33%             | 2027-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works, Inc.                                                             | Bath & Body Works, Inc.                                                             | CUSIP: 501797AN4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    862000 | PA      | $867147.00    | 0.25%             | 2028-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tri Pointe Homes, Inc.                                                              | Tri Pointe Homes, Inc.                                                              | CUSIP: 87265HAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1146000 | PA      | $1168704.55   | 0.33%             | 2028-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Centene Corp.                                                                       | Centene Corp.                                                                       | CUSIP: 15135BAX9<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   3179000 | PA      | $2710836.94   | 0.77%             | 2031-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Churchill Downs Inc.                                                                | Churchill Downs Inc.                                                                | CUSIP: 171484AG3<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    446000 | PA      | $446055.84    | 0.13%             | 2027-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| Chemours Co. (The)                                                                  | Chemours Co. (The)                                                                  | CUSIP: 163851AJ7<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    743000 | PA      | $727279.61    | 0.21%             | 2033-01-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| Invesco Government & Agency Portfolio                                               | Invesco Government & Agency Portfolio, Institutional Class                          | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |   5611269 | NS      | $5611269.28   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm, Inc.                                                                     | TransDigm, Inc.                                                                     | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2514000 | PA      | $2591793.22   | 0.74%             | 2032-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Olin Corp.                                                                          | Olin Corp.                                                                          | CUSIP: 680665AN6<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    835000 | PA      | $834961.09    | 0.24%             | 2033-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: —       |
| Mylan Inc.                                                                          | Mylan Inc.                                                                          | CUSIP: 628530BK2<br>LEI: 30ZMPDNA1RHIBH89C294 | Long             | DBT              | CORP              | US        |   2807000 | PA      | $2790166.00   | 0.79%             | 2028-04-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Travel + Leisure Co.                                                                | Travel + Leisure Co.                                                                | CUSIP: 98310WAN8<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1257000.02   | 0.36%             | 2027-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RHP Hotel Properties L.P./ RHP Finance Corp.                                        | RHP Hotel Properties L.P./ RHP Finance Corp.                                        | CUSIP: 749571AF2<br>LEI: 529900GCCWW9SRMPJR11 | Long             | DBT              | CORP              | US        |    486000 | PA      | $485098.47    | 0.14%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Asbury Automotive Group, Inc.                                                       | Asbury Automotive Group, Inc.                                                       | CUSIP: 043436AV6<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |   1861000 | PA      | $1818856.35   | 0.52%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| Cleveland-Cliffs Inc.                                                               | Cleveland-Cliffs Inc.                                                               | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   1001000 | PA      | $997985.19    | 0.28%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| RHP Hotel Properties L.P./ RHP Finance Corp.                                        | RHP Hotel Properties L.P./ RHP Finance Corp.                                        | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    468000 | PA      | $481304.77    | 0.14%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Vail Resorts, Inc.                                                                  | Vail Resorts, Inc.                                                                  | CUSIP: 91879QAP4<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |   1259000 | PA      | $1304846.84   | 0.37%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| SM Energy Co.                                                                       | SM Energy Co.                                                                       | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    585000 | PA      | $589589.91    | 0.17%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| T-Mobile USA, Inc.                                                                  | T-Mobile USA, Inc.                                                                  | CUSIP: 87264ADV4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1274000 | PA      | $1410904.04   | 0.40%             | 2033-12-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Graphic Packaging International, LLC                                                | Graphic Packaging International, LLC                                                | CUSIP: 38869AAE7<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    802000 | PA      | $815872.19    | 0.23%             | 2032-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp. | Charter Communications Operating LLC/Charter Communications Operating Capital Corp. | CUSIP: 161175CQ5<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   2882000 | PA      | $3030279.45   | 0.86%             | 2029-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                          | Occidental Petroleum Corp.                                                          | CUSIP: 674599EJ0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   2127000 | PA      | $2155742.15   | 0.61%             | 2029-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Goodyear Tire & Rubber Co. (The)                                                    | Goodyear Tire & Rubber Co. (The)                                                    | CUSIP: 382550BN0<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |   1060000 | PA      | $1028519.17   | 0.29%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Invesco Private Government Fund                                                     | Invesco Private Government Fund                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  31830272 | NS      | $31830272.39  | 9.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Kennedy-Wilson, Inc.                                                                | Kennedy-Wilson, Inc.                                                                | CUSIP: 489399AL9<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |    525000 | PA      | $500392.31    | 0.14%             | 2029-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Herc Holdings Inc.                                                                  | Herc Holdings Inc.                                                                  | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   1131000 | PA      | $1187262.73   | 0.34%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| Sonic Automotive, Inc.                                                              | Sonic Automotive, Inc.                                                              | CUSIP: 83545GBE1<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |   1622000 | PA      | $1551082.43   | 0.44%             | 2031-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| Northern Oil and Gas, Inc.                                                          | Northern Oil and Gas, Inc.                                                          | CUSIP: 665530AB7<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    871000 | PA      | $895894.92    | 0.25%             | 2031-06-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: —       |
| Diamond Foreign Asset Co. / Diamond Finance LLC                                     | Diamond Foreign Asset Co. / Diamond Finance LLC                                     | CUSIP: 25260WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    768000 | PA      | $815107.58    | 0.23%             | 2030-10-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| JELD-WEN, Inc.                                                                      | JELD-WEN, Inc.                                                                      | CUSIP: 47580PAA1<br>LEI: 549300XWE6NM0N1HFW16 | Long             | DBT              | CORP              | US        |   1236000 | PA      | $1069348.39   | 0.30%             | 2032-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| Ally Financial Inc.                                                                 | Ally Financial Inc.                                                                 | CUSIP: 02005NBS8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1696000 | PA      | $1762308.38   | 0.50%             | 2033-02-14      | Fixed         | 6.70%                 | No            |                  2 | On Loan: —       |
| OneMain Finance Corp.                                                               | OneMain Finance Corp.                                                               | CUSIP: 682691AA8<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1340000 | PA      | $1239521.57   | 0.35%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| Regal Rexnord Corp.                                                                 | Regal Rexnord Corp.                                                                 | CUSIP: 758750AP8<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    666000 | PA      | $708937.20    | 0.20%             | 2033-04-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: —       |
| Patrick Industries Inc.                                                             | Patrick Industries Inc.                                                             | CUSIP: 703343AH6<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |    941000 | PA      | $955287.20    | 0.27%             | 2032-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Western Digital Corp.                                                               | Western Digital Corp.                                                               | CUSIP: 958102AQ8<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |   1083000 | PA      | $1018297.90   | 0.29%             | 2029-02-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Terex Corp.                                                                         | Terex Corp.                                                                         | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |   1026000 | PA      | $1039293.88   | 0.30%             | 2032-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| Occidental Petroleum Corp.                                                          | Occidental Petroleum Corp.                                                          | CUSIP: 674599ED3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   2013000 | PA      | $2140559.78   | 0.61%             | 2030-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Avis Budget Car Rental, LLC                                                         | Avis Budget Car Rental, LLC                                                         | CUSIP: 053773BH9<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |   2297000 | PA      | $2372077.45   | 0.67%             | 2031-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| Nationstar Mortgage Holdings Inc.                                                   | Nationstar Mortgage Holdings Inc.                                                   | CUSIP: 63861CAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1157000 | PA      | $1206901.41   | 0.34%             | 2032-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Albertsons Cos Inc / Safeway Inc / New Albertsons L.P./ Albertsons LLC              | Albertsons Cos Inc / Safeway Inc / New Albertsons L.P./ Albertsons LLC              | CUSIP: 01309QAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3976000 | PA      | $4071447.86   | 1.16%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Alcoa Nederland Holding B.V.                                                        | Alcoa Nederland Holding B.V.                                                        | CUSIP: 013822AH4<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |   1688000 | PA      | $1781602.98   | 0.51%             | 2031-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: —       |
| Level 3 Financing, Inc.                                                             | Level 3 Financing, Inc.                                                             | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   3415000 | PA      | $3448996.33   | 0.98%             | 2033-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Neogen Food Safety Corp.                                                            | Neogen Food Safety Corp.                                                            | CUSIP: 365417AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    596000 | PA      | $624842.23    | 0.18%             | 2030-07-20      | Fixed         | 8.62%                 | No            |                  2 | On Loan: —       |
| Synchrony Financial                                                                 | Synchrony Financial                                                                 | CUSIP: 87165BAU7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   3504000 | PA      | $3694344.18   | 1.05%             | 2033-02-02      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| Goodyear Tire & Rubber Co. (The)                                                    | Goodyear Tire & Rubber Co. (The)                                                    | CUSIP: 382550BR1<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |   1083000 | PA      | $1029132.88   | 0.29%             | 2031-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| PennyMac Financial Services, Inc.                                                   | PennyMac Financial Services, Inc.                                                   | CUSIP: 70932MAC1<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   1413000 | PA      | $1387355.46   | 0.39%             | 2031-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                                         | Caesars Entertainment, Inc.                                                         | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   2158000 | PA      | $2213695.82   | 0.63%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Kohl's Corp.                                                                        | Kohl's Corp.                                                                        | CUSIP: 500255AX2<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |   2982000 | PA      | $2361164.90   | 0.67%             | 2031-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| MGM Resorts International                                                           | MGM Resorts International                                                           | CUSIP: 552953CH2<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |   1022000 | PA      | $1017908.73   | 0.29%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| Skyworks Solutions, Inc.                                                            | Skyworks Solutions, Inc.                                                            | CUSIP: 83088MAK8<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | DBT              | CORP              | US        |    941000 | PA      | $921614.25    | 0.26%             | 2026-06-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: —       |
| Ball Corp.                                                                          | Ball Corp.                                                                          | CUSIP: 058498AW6<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |   2427000 | PA      | $2197274.01   | 0.62%             | 2030-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: —       |
| CrowdStrike Holdings, Inc.                                                          | CrowdStrike Holdings, Inc.                                                          | CUSIP: 22788CAA3<br>LEI: 549300YBY08K9KM4HX32 | Long             | DBT              | CORP              | US        |    852000 | PA      | $803649.77    | 0.23%             | 2029-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: —       |
| Chord Energy Corp.                                                                  | Chord Energy Corp.                                                                  | CUSIP: 674215AN8<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |   1518000 | PA      | $1557856.61   | 0.44%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Carnival Corp.                                                                      | Carnival Corp.                                                                      | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   1038000 | PA      | $1064808.43   | 0.30%             | 2030-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| Brink's Co. (The)                                                                   | Brink's Co. (The)                                                                   | CUSIP: 109696AD6<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |   1102000 | PA      | $1142465.44   | 0.32%             | 2032-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| Sabra Health Care L.P.                                                              | Sabra Health Care L.P.                                                              | CUSIP: 78574MAA1<br>LEI: 549300OVKLRFSIQG0H81 | Long             | DBT              | CORP              | US        |    596000 | PA      | $539156.73    | 0.15%             | 2031-12-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Las Vegas Sands Corp.                                                               | Las Vegas Sands Corp.                                                               | CUSIP: 517834AL1<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |   1176000 | PA      | $1217242.85   | 0.35%             | 2034-08-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Starwood Property Trust, Inc.                                                       | Starwood Property Trust, Inc.                                                       | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |   2064000 | PA      | $2165557.06   | 0.62%             | 2029-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Snap Inc.                                                                           | Snap Inc.                                                                           | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    944000 | PA      | $954812.58    | 0.27%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| Encompass Health Corp.                                                              | Encompass Health Corp.                                                              | CUSIP: 29261AAB6<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |   1293000 | PA      | $1275499.76   | 0.36%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** Invesco Exchange-Traded Fund Trust II

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Vice President