# EDGAR Filing Document

**Accession Number:** 0000076721
**File Stem:** 0002071691-26-002976
**Filing Date:** 2026-2
**Character Count:** 112283
**Document Hash:** fb48a4232d884d70045bcb6f5ad7ffec
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-002976.hdr.sgml**: 20260223

**ACCESSION NUMBER**: 0002071691-26-002976

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260223

**DATE AS OF CHANGE**: 20260223

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** IMPAX FUNDS SERIES TRUST I
- **CENTRAL INDEX KEY:** 0000076721

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02064
- **FILM NUMBER:** 26664594

**BUSINESS ADDRESS:**
- **STREET 1:** 30 PENHALLOW STREET, SUITE 400
- **CITY:** PORTSMOUTH
- **STATE:** NH
- **ZIP:** 03801-3852
- **BUSINESS PHONE:** 800-767-1729

**MAIL ADDRESS:**
- **STREET 1:** 30 PENHALLOW STREET, SUITE 400
- **CITY:** PORTSMOUTH
- **STATE:** NH
- **ZIP:** 03801-3852

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAX WORLD FUNDS SERIES TRUST I
- **DATE OF NAME CHANGE:** 20070831

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAX WORLD BALANCED FUND
- **DATE OF NAME CHANGE:** 20061113

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAX WORLD BALANCED FUND INC
- **DATE OF NAME CHANGE:** 20040624

## Series and Classes Contracts Data

### Impax High Yield Bond Fund (Series ID: S000015758)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000043226 | Investor Class      | PAXHX           |
| C000043227 | Institutional Class | PXHIX           |
| C000128847 | Class A             | PXHAX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** IMPAX FUNDS SERIES TRUST I

- **b. Investment Company Act file number:** 811-02064

- **c. CIK number of Registrant:** 0000076721

- **d. LEI of Registrant:** 549300TD5R23SWU72456

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

  - **Street Address 1:** 30 Penhallow St., Suite 100

  - **City:** Portsmouth

  - **State:** NH

  - **Foreign country:** US

  - **Zip / Postal Code:** 03801

  - **Telephone number:** 603-431-8022

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

- **a. Name of Series:** Impax High Yield Bond Fund

- **b. EDGAR series identifier (if any):** S000015758

- **c. LEI of Series:** 549300XS1BN61UNERX35

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

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

- **b. Date as of which information is reported:** 2025-12-31

**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:** $539314096.00

**Total Liabilities:** $5425735.28

**Net Assets:** $533888360.72

**Cash Not Reported:** $246940.55

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 72.54741800 | **1-Year:** 2180.74882600 | **5-Year:** 3663.74240000 | **10-Year:** 5453.55398700 | **30-Year:** 458.21167000

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

- **3-Month:** 1547.96643600 | **1-Year:** 38750.03733200 | **5-Year:** 92792.47879100 | **10-Year:** 10788.99413700 | **30-Year:** 3385.72884700

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000043226 | 0.17%                | 0.66%                | 0.69%                |
| Class ID C000043227 | 0.20%                | 0.68%                | 0.71%                |
| Class ID C000128847 | 0.17%                | 0.66%                | 0.69%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $238754.63               | $-1700410.86                               |
| Month 2  | $-209377.40              | $920305.91                                 |
| Month 3  | $-68964.01               | $1153444.67                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Global Auto Holdings Ltd. / AAG FH UK Ltd.                                                            | Global Auto Holdings Ltd. / AAG FH UK Ltd.                                                            | CUSIP: 00033GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $1971150.00   | 0.37%             | 2029-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| AMC Networks, Inc.                                                                                    | AMC Networks, Inc.                                                                                    | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2098584.00   | 0.39%             | 2029-01-15      | Fixed         | 10.25%                | Yes           |                  2 | On Loan: No      |
| AMC Networks, Inc.                                                                                    | AMC Networks, Inc.                                                                                    | CUSIP: 00164VAK9<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1105655.61   | 0.21%             | 2032-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| ATS Corp.                                                                                             | ATS Corp.                                                                                             | CUSIP: 001940AC9<br>LEI: 5493005KP4RP3IU7HQ41 | Long             | DBT              | CORP              | CA        |   3900000 | PA      | $3819865.92   | 0.72%             | 2028-12-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| APLD ComputeCo LLC                                                                                    | APLD ComputeCo LLC                                                                                    | CUSIP: 00202DAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2590000 | PA      | $2542539.31   | 0.48%             | 2030-12-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Acadia Healthcare Co., Inc.                                                                           | Acadia Healthcare Co., Inc.                                                                           | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3033762.00   | 0.57%             | 2033-03-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Advance Auto Parts, Inc.                                                                              | Advance Auto Parts, Inc.                                                                              | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1004680.00   | 0.19%             | 2033-08-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Osaic Holdings, Inc.                                                                                  | Osaic Holdings, Inc.                                                                                  | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1228086.29   | 0.23%             | 2032-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Osaic Holdings, Inc.                                                                                  | Osaic Holdings, Inc.                                                                                  | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1228440.33   | 0.23%             | 2033-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC                            | Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC                            | CUSIP: 013092AG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1129982.70   | 0.21%             | 2029-03-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC                            | Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC                            | CUSIP: 01309QAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2264099.20   | 0.42%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| New Albertsons LP                                                                                     | New Albertsons LP                                                                                     | CUSIP: 013104AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1039703.63   | 0.19%             | 2026-06-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Albion Financing 1 SARL / Aggreko Holdings, Inc.                                                      | Albion Financing 1 SARL / Aggreko Holdings, Inc.                                                      | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   3000000 | PA      | $3143267.07   | 0.59%             | 2030-05-21      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ATI, Inc.                                                                                             | ATI, Inc.                                                                                             | CUSIP: 01741RAM4<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1802908.80   | 0.34%             | 2031-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ATI, Inc.                                                                                             | ATI, Inc.                                                                                             | CUSIP: 01741RAN2<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1057067.00   | 0.20%             | 2030-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                                        | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                                        | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3114496.26   | 0.58%             | 2031-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Allison Transmission, Inc.                                                                            | Allison Transmission, Inc.                                                                            | CUSIP: 019736AF4<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2036696.00   | 0.38%             | 2029-06-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| American Axle & Manufacturing, Inc.                                                                   | American Axle & Manufacturing, Inc.                                                                   | CUSIP: 02406PBB5<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1927923.98   | 0.36%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Axle & Manufacturing, Inc.                                                                   | American Axle & Manufacturing, Inc.                                                                   | CUSIP: 02406PBC3<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2037857.20   | 0.38%             | 2032-10-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| American Axle & Manufacturing, Inc.                                                                   | American Axle & Manufacturing, Inc.                                                                   | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1019138.64   | 0.19%             | 2033-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| ams-OSRAM AG                                                                                          | ams-OSRAM AG                                                                                          | CUSIP: 03217CAB2<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |   2500000 | PA      | $2667932.50   | 0.50%             | 2029-03-30      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| Asurion LLC and Asurion Co-Issuer, Inc.                                                               | Asurion LLC and Asurion Co-Issuer, Inc.                                                               | CUSIP: 045941AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2765000 | PA      | $2870419.55   | 0.54%             | 2032-12-31      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Avantor Funding, Inc.                                                                                 | Avantor Funding, Inc.                                                                                 | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |   5600000 | PA      | $5573940.51   | 1.04%             | 2028-07-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Avis Budget Car Rental LLC / Avis Budget Finance, Inc.                                                | Avis Budget Car Rental LLC / Avis Budget Finance, Inc.                                                | CUSIP: 053773BK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2066532.72   | 0.39%             | 2032-06-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Azorra Finance Ltd.                                                                                   | Azorra Finance Ltd.                                                                                   | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |   2500000 | PA      | $2649460.00   | 0.50%             | 2030-04-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Azorra Finance Ltd.                                                                                   | Azorra Finance Ltd.                                                                                   | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |   2000000 | PA      | $2103574.72   | 0.39%             | 2031-01-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| BNSF Funding Trust I                                                                                  | BNSF Funding Trust I                                                                                  | CUSIP: 05567SAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3325000 | PA      | $3343955.83   | 0.63%             | 2055-12-15      | Variable      | 6.61%                 | No            |                  2 | On Loan: No      |
| Baldwin Insurance Group Holdings LLC / Baldwin Insurance Group Holdings Finance, Inc. (The)           | Baldwin Insurance Group Holdings LLC / Baldwin Insurance Group Holdings Finance, Inc. (The)           | CUSIP: 05825XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3628895.41   | 0.68%             | 2031-05-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Barclays plc                                                                                          | Barclays plc                                                                                          | CUSIP: 06738EDC6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   3000000 | PA      | $3213306.00   | 0.60%             | 2035-03-15      | Variable      | 7.62%                 | No            |                  2 | On Loan: No      |
| BellRing Brands, Inc.                                                                                 | BellRing Brands, Inc.                                                                                 | CUSIP: 07831CAA1<br>LEI: 549300S3BOK5CMTS8054 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3103954.17   | 0.58%             | 2030-03-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Brookfield Residential Properties, Inc. / Brookfield Residential US LLC                               | Brookfield Residential Properties, Inc. / Brookfield Residential US LLC                               | CUSIP: 11283YAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   4000000 | PA      | $3729315.96   | 0.70%             | 2030-02-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC / CCO Holdings Capital Corp.                                                         | CCO Holdings LLC / CCO Holdings Capital Corp.                                                         | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1998410.76   | 0.37%             | 2027-05-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC / CCO Holdings Capital Corp.                                                         | CCO Holdings LLC / CCO Holdings Capital Corp.                                                         | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3275000 | PA      | $3240284.38   | 0.61%             | 2029-06-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC / CCO Holdings Capital Corp.                                                         | CCO Holdings LLC / CCO Holdings Capital Corp.                                                         | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5256176.75   | 0.98%             | 2030-03-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC / CCO Holdings Capital Corp.                                                         | CCO Holdings LLC / CCO Holdings Capital Corp.                                                         | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1796364.60   | 0.34%             | 2032-05-01      | Fixed         | 4.50%                 | 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        |   3000000 | PA      | $2553672.99   | 0.48%             | 2034-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| CVR Partners LP / CVR Nitrogen Finance Corp.                                                          | CVR Partners LP / CVR Nitrogen Finance Corp.                                                          | CUSIP: 12663QAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4300000 | PA      | $4326126.80   | 0.81%             | 2028-06-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| CVS Health Corp.                                                                                      | CVS Health Corp.                                                                                      | CUSIP: 126650BR0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2596217.63   | 0.49%             | 2039-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                                                      | CVS Health Corp.                                                                                      | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3134760.00   | 0.59%             | 2054-12-10      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| C&W Senior Finance Ltd.                                                                               | C&W Senior Finance Ltd.                                                                               | CUSIP: 12665MAA0<br>LEI: 213800CG16G1YMJRCG10 | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $1031586.00   | 0.19%             | 2033-01-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Cars.com, Inc.                                                                                        | Cars.com, Inc.                                                                                        | CUSIP: 14575EAA3<br>LEI: 5493002G6J07LNGX4M98 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2505030.00   | 0.47%             | 2028-11-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Champion Iron Canada, Inc.                                                                            | Champion Iron Canada, Inc.                                                                            | CUSIP: 15853BAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2131419.92   | 0.40%             | 2032-07-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Cimpress plc                                                                                          | Cimpress plc                                                                                          | CUSIP: 17186HAH5<br>LEI: 549300X1IFD75XISOR81 | Long             | DBT              | CORP              | IE        |   3000000 | PA      | $3063761.46   | 0.57%             | 2032-09-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Cipher Compute LLC                                                                                    | Cipher Compute LLC                                                                                    | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3059198.73   | 0.57%             | 2030-11-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Clean Harbors, Inc.                                                                                   | Clean Harbors, Inc.                                                                                   | CUSIP: 184496AQ0<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2577510.00   | 0.48%             | 2031-02-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Cleveland-Cliffs, Inc.                                                                                | Cleveland-Cliffs, Inc.                                                                                | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2052500.94   | 0.38%             | 2032-03-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Cleveland-Cliffs, Inc.                                                                                | Cleveland-Cliffs, Inc.                                                                                | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1040902.70   | 0.19%             | 2033-05-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                                                                            | Cloud Software Group, Inc.                                                                            | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1568385.35   | 0.29%             | 2032-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.                                                                 | Clydesdale Acquisition Holdings, Inc.                                                                 | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2057888.86   | 0.39%             | 2032-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Cogent Communications Group LLC / Cogent Finance, Inc.                                                | Cogent Communications Group LLC / Cogent Finance, Inc.                                                | CUSIP: 19240CAE3<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4518256.50   | 0.85%             | 2027-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Connect Finco SARL / Connect US Finco LLC                                                             | Connect Finco SARL / Connect US Finco LLC                                                             | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1061989.21   | 0.20%             | 2029-09-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| CoreWeave, Inc.                                                                                       | CoreWeave, Inc.                                                                                       | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1861615.20   | 0.35%             | 2030-06-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| CoreWeave, Inc.                                                                                       | CoreWeave, Inc.                                                                                       | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $917770.00    | 0.17%             | 2031-02-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Crown Americas LLC                                                                                    | Crown Americas LLC                                                                                    | CUSIP: 228180AC9<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3582544.00   | 0.67%             | 2033-06-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Deluxe Corp.                                                                                          | Deluxe Corp.                                                                                          | CUSIP: 248019AU5<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2040814.00   | 0.38%             | 2029-06-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Deluxe Corp.                                                                                          | Deluxe Corp.                                                                                          | CUSIP: 248019AW1<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2109457.56   | 0.40%             | 2029-09-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Dentsply Sirona, Inc.                                                                                 | Dentsply Sirona, Inc.                                                                                 | CUSIP: 24906PAB5<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3747881.60   | 0.70%             | 2055-09-12      | Variable      | 8.38%                 | No            |                  2 | On Loan: No      |
| Diebold Nixdorf, Inc.                                                                                 | Diebold Nixdorf, Inc.                                                                                 | CUSIP: 253651AK9<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1599998.63   | 0.30%             | 2030-03-31      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Digicel International Finance Ltd. / DIFL US LLC                                                      | Digicel International Finance Ltd. / DIFL US LLC                                                      | CUSIP: 25381MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2076544.36   | 0.39%             | 2032-08-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Directv Financing LLC / Directv Financing Co-Obligor, Inc.                                            | Directv Financing LLC / Directv Financing Co-Obligor, Inc.                                            | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    820000 | PA      | $825272.60    | 0.15%             | 2027-08-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Directv Financing LLC / Directv Financing Co-Obligor, Inc.                                            | Directv Financing LLC / Directv Financing Co-Obligor, Inc.                                            | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4090407.12   | 0.77%             | 2031-02-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Directv Financing LLC                                                                                 | Directv Financing LLC                                                                                 | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1013044.02   | 0.19%             | 2030-02-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| RR Donnelley & Sons Co.                                                                               | RR Donnelley & Sons Co.                                                                               | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4136980.00   | 0.77%             | 2029-08-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| EchoStar Corp.                                                                                        | EchoStar Corp.                                                                                        | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3873034.17   | 0.73%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Energizer Holdings, Inc.                                                                              | Energizer Holdings, Inc.                                                                              | CUSIP: 29272WAG4<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2401136.00   | 0.45%             | 2033-09-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Enpro, Inc.                                                                                           | Enpro, Inc.                                                                                           | CUSIP: 29355XAH0<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | DBT              | CORP              | US        |   2775000 | PA      | $2870448.90   | 0.54%             | 2033-06-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Entegris, Inc.                                                                                        | Entegris, Inc.                                                                                        | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |   2125000 | PA      | $2169105.37   | 0.41%             | 2030-06-15      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Esab Corp.                                                                                            | Esab Corp.                                                                                            | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3088401.00   | 0.58%             | 2029-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| EF Holdco, Inc. / EF Cayman Holdings Ltd. / Ellington Financial REIT TRS LLC / EF Cayman Non-MTM Ltd. | EF Holdco, Inc. / EF Cayman Holdings Ltd. / Ellington Financial REIT TRS LLC / EF Cayman Non-MTM Ltd. | CUSIP: 31574BAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3027207.00   | 0.57%             | 2030-09-30      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Five Point Operating Co. LP                                                                           | Five Point Operating Co. LP                                                                           | CUSIP: 33834YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3138765.00   | 0.59%             | 2030-10-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Frontier Communications Holdings LLC                                                                  | Frontier Communications Holdings LLC                                                                  | CUSIP: 35906ABF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4010758.64   | 0.75%             | 2028-05-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Frontier Issuer LLC                                                                                   | Frontier Issuer LLC, Series 2023-1, Class B                                                           | CUSIP: 35910EAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2035264.40   | 0.38%             | 2053-08-20      | Fixed         | 8.30%                 | Yes           |                  2 | On Loan: No      |
| Frontier Issuer LLC                                                                                   | Frontier Issuer LLC, Series 2024-1, Class B                                                           | CUSIP: 35910EAM6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2086186.80   | 0.39%             | 2054-06-20      | Fixed         | 7.02%                 | Yes           |                  2 | On Loan: No      |
| Neogen Food Safety Corp.                                                                              | Neogen Food Safety Corp.                                                                              | CUSIP: 365417AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3214521.81   | 0.60%             | 2030-07-20      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Garrett Motion Holdings, Inc. / Garrett LX I SARL                                                     | Garrett Motion Holdings, Inc. / Garrett LX I SARL                                                     | CUSIP: 366504AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2127137.50   | 0.40%             | 2032-05-31      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Gates Corp.                                                                                           | Gates Corp.                                                                                           | CUSIP: 367398AA2<br>LEI: 984500F43C791F4C7894 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2079460.10   | 0.39%             | 2029-07-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Genesee & Wyoming, Inc.                                                                               | Genesee & Wyoming, Inc.                                                                               | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1548754.62   | 0.29%             | 2032-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Getty Images, Inc.                                                                                    | Getty Images, Inc.                                                                                    | CUSIP: 374276AR4<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2018046.00   | 0.38%             | 2030-11-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                                       | Goldman Sachs Group, Inc. (The)                                                                       | CUSIP: 38141GC28<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3131818.08   | 0.59%             | 2030-02-10      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| Graphic Packaging International LLC                                                                   | Graphic Packaging International LLC                                                                   | CUSIP: 38869AAD9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2278421.47   | 0.43%             | 2030-02-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Graphic Packaging International LLC                                                                   | Graphic Packaging International LLC                                                                   | CUSIP: 38869AAE7<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2039844.00   | 0.38%             | 2032-07-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Gray Media, Inc.                                                                                      | Gray Media, Inc.                                                                                      | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3115570.11   | 0.58%             | 2032-07-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| HAH Group Holding Co. LLC                                                                             | HAH Group Holding Co. LLC                                                                             | CUSIP: 40518JAA7<br>LEI: 254900FFJQHW9R90FL74 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2823386.88   | 0.53%             | 2031-10-01      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| HA Sustainable Infrastructure Capital, Inc.                                                           | HA Sustainable Infrastructure Capital, Inc.                                                           | CUSIP: 41068XAF7<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3566984.44   | 0.67%             | 2034-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| HAT Holdings I LLC / HAT Holdings II LLC                                                              | HAT Holdings I LLC / HAT Holdings II LLC                                                              | CUSIP: 418751AL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    810000 | PA      | $841236.25    | 0.16%             | 2027-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Herc Holdings, Inc.                                                                                   | Herc Holdings, Inc.                                                                                   | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3182922.36   | 0.60%             | 2033-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Hilton Domestic Operating Co., Inc.                                                                   | Hilton Domestic Operating Co., Inc.                                                                   | CUSIP: 432833AQ4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5180565.00   | 0.97%             | 2032-04-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Howden UK Refinance plc / Howden UK Refinance 2 plc / Howden US Refinance LLC                         | Howden UK Refinance plc / Howden UK Refinance 2 plc / Howden US Refinance LLC                         | CUSIP: 44287GAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   3750000 | PA      | $3864165.26   | 0.72%             | 2031-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| HUB International Ltd.                                                                                | HUB International Ltd.                                                                                | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $3046392.29   | 0.57%             | 2030-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| HUB International Ltd.                                                                                | HUB International Ltd.                                                                                | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1575268.50   | 0.30%             | 2032-01-31      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Hughes Satellite Systems Corp.                                                                        | Hughes Satellite Systems Corp.                                                                        | CUSIP: 444454AF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $914242.80    | 0.17%             | 2026-08-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| IHO Verwaltungs GmbH                                                                                  | IHO Verwaltungs GmbH                                                                                  | CUSIP: 44963BAD0<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |   2000000 | PA      | $2024794.00   | 0.38%             | 2029-05-15      | Fixed         | 6.37%                 | Yes           |                  2 | On Loan: No      |
| Imola Merger Corp.                                                                                    | Imola Merger Corp.                                                                                    | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2469649.38   | 0.46%             | 2029-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| ION Platform Finance US, Inc.                                                                         | ION Platform Finance US, Inc.                                                                         | CUSIP: 46205QAB4<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2850321.96   | 0.53%             | 2032-09-30      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| IQVIA, Inc.                                                                                           | IQVIA, Inc.                                                                                           | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2751296.35   | 0.52%             | 2027-05-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| IQVIA, Inc.                                                                                           | IQVIA, Inc.                                                                                           | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2353878.32   | 0.44%             | 2032-06-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Iron Mountain, Inc.                                                                                   | Iron Mountain, Inc.                                                                                   | CUSIP: 46284VAF8<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2468145.33   | 0.46%             | 2029-09-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Iron Mountain, Inc.                                                                                   | Iron Mountain, Inc.                                                                                   | CUSIP: 46284VAG6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000850.50   | 0.19%             | 2028-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Jefferies Finance LLC / JFIN Co-Issuer Corp.                                                          | Jefferies Finance LLC / JFIN Co-Issuer Corp.                                                          | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2890618.50   | 0.54%             | 2028-08-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| JetBlue Airways Corp. / JetBlue Loyalty LP                                                            | JetBlue Airways Corp. / JetBlue Loyalty LP                                                            | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2016672.42   | 0.38%             | 2031-09-20      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan U.S. Treasury Plus Money Market Fund                                                         | JPMorgan U.S. Treasury Plus Money Market Fund, Class IM                                               | CUSIP: 4812C2262<br>LEI: 549300WIC5LVF25Z1127 | Long             | STIV             | RF                | US        |   9345198 | NS      | $9345198.29   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| K. Hovnanian Enterprises, Inc.                                                                        | K. Hovnanian Enterprises, Inc.                                                                        | CUSIP: 48251UAQ1<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3051178.47   | 0.57%             | 2033-10-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Kennedy-Wilson, Inc.                                                                                  | Kennedy-Wilson, Inc.                                                                                  | CUSIP: 489399AM7<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1411922.19   | 0.26%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kennedy-Wilson, Inc.                                                                                  | Kennedy-Wilson, Inc.                                                                                  | CUSIP: 489399AN5<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4245079.86   | 0.80%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Kioxia Holdings Corp.                                                                                 | Kioxia Holdings Corp.                                                                                 | CUSIP: 49726JAA6<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |   1270000 | PA      | $1307764.30   | 0.24%             | 2030-07-24      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Kioxia Holdings Corp.                                                                                 | Kioxia Holdings Corp.                                                                                 | CUSIP: 49726JAB4<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |   1250000 | PA      | $1300969.54   | 0.24%             | 2033-07-24      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Knife River Corp.                                                                                     | Knife River Corp.                                                                                     | CUSIP: 498894AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2675000 | PA      | $2813824.48   | 0.53%             | 2031-05-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Land O' Lakes, Inc.                                                                                   | Land O' Lakes, Inc.                                                                                   | CUSIP: 514666AN6<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |   3685000 | PA      | $3288862.50   | 0.62%             | 2028-09-18      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Liberty Mutual Group, Inc.                                                                            | Liberty Mutual Group, Inc.                                                                            | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5917511.52   | 1.11%             | 2051-12-15      | Variable      | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Limak Cimento Sanayi ve Ticaret A/S                                                                   | Limak Cimento Sanayi ve Ticaret A/S                                                                   | CUSIP: 53263AAA6<br>LEI: 789000EEUQIGHI88WH47 | Long             | DBT              | CORP              | TR        |   2000000 | PA      | $2024335.26   | 0.38%             | 2029-07-25      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Macy's Retail Holdings LLC                                                                            | Macy's Retail Holdings LLC                                                                            | CUSIP: 55617LAL6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1933374.20   | 0.36%             | 2034-07-15      | Fixed         | 6.70%                 | Yes           |                  2 | On Loan: No      |
| Macy's Retail Holdings LLC                                                                            | Macy's Retail Holdings LLC                                                                            | CUSIP: 55617LAS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1061207.00   | 0.20%             | 2033-08-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                                                                            | Warnermedia Holdings, Inc.                                                                            | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $879070.00    | 0.16%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                                                                            | Warnermedia Holdings, Inc.                                                                            | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2118750.00   | 0.40%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Michaels Cos., Inc. (The)                                                                             | Michaels Cos., Inc. (The)                                                                             | CUSIP: 55916AAA2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1925025.44   | 0.36%             | 2028-05-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Michaels Cos., Inc. (The)                                                                             | Michaels Cos., Inc. (The)                                                                             | CUSIP: 55916AAB0<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1848911.80   | 0.35%             | 2029-05-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Magnera Corp.                                                                                         | Magnera Corp.                                                                                         | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2948115.00   | 0.55%             | 2031-11-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Manitowoc Co., Inc. (The)                                                                             | Manitowoc Co., Inc. (The)                                                                             | CUSIP: 563571AN8<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2150700.00   | 0.40%             | 2031-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Marriott Ownership Resorts, Inc.                                                                      | Marriott Ownership Resorts, Inc.                                                                      | CUSIP: 57164PAK2<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1924281.20   | 0.36%             | 2033-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Maxim Crane Works Holdings Capital LLC                                                                | Maxim Crane Works Holdings Capital LLC                                                                | CUSIP: 57779EAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1810500.00   | 0.34%             | 2028-09-01      | Fixed         | 11.50%                | Yes           |                  2 | On Loan: No      |
| Maxam Prill SARL                                                                                      | Maxam Prill SARL                                                                                      | CUSIP: 57779MAA8<br>LEI: 984500C4C5B820A6B691 | Long             | DBT              | CORP              | LU        |   2000000 | PA      | $2077934.00   | 0.39%             | 2030-07-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| McAfee Corp.                                                                                          | McAfee Corp.                                                                                          | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1746285.14   | 0.33%             | 2030-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Mercer International, Inc.                                                                            | Mercer International, Inc.                                                                            | CUSIP: 588056BC4<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $1785877.32   | 0.33%             | 2028-10-01      | Fixed         | 12.88%                | Yes           |                  2 | On Loan: No      |
| MetroNet Infrastructure Issuer LLC                                                                    | MetroNet Infrastructure Issuer LLC, Series 2025-2A, Class C                                           | CUSIP: 59170JBB3<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1029319.80   | 0.19%             | 2055-08-20      | Fixed         | 7.83%                 | Yes           |                  2 | On Loan: No      |
| Midcontinent Communications                                                                           | Midcontinent Communications                                                                           | CUSIP: 59565XAD2<br>LEI: 549300ZI9GDQBS28C408 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4099500.00   | 0.77%             | 2032-08-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Millicom International Cellular SA                                                                    | Millicom International Cellular SA                                                                    | CUSIP: 600814AS6<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |   2750000 | PA      | $2860255.75   | 0.54%             | 2032-04-02      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Millrose Properties, Inc.                                                                             | Millrose Properties, Inc.                                                                             | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2047738.00   | 0.38%             | 2030-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Millrose Properties, Inc.                                                                             | Millrose Properties, Inc.                                                                             | CUSIP: 601137AB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1009758.39   | 0.19%             | 2032-09-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Mineral Resources Ltd.                                                                                | Mineral Resources Ltd.                                                                                | CUSIP: 603051AF0<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   2000000 | PA      | $2087408.38   | 0.39%             | 2031-04-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| NCR Voyix Corp.                                                                                       | NCR Voyix Corp.                                                                                       | CUSIP: 62886EBA5<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1991984.60   | 0.37%             | 2029-04-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| NCL Corp. Ltd.                                                                                        | NCL Corp. Ltd.                                                                                        | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   6000000 | PA      | $6147224.10   | 1.15%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Nassau Cos. of New York (The)                                                                         | Nassau Cos. of New York (The)                                                                         | CUSIP: 63155AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2108000 | PA      | $2013986.99   | 0.38%             | 2030-07-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Neptune Bidco US, Inc.                                                                                | Neptune Bidco US, Inc.                                                                                | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3508098.13   | 0.66%             | 2029-04-15      | Fixed         | 9.29%                 | Yes           |                  2 | On Loan: No      |
| NESCO Holdings II, Inc.                                                                               | NESCO Holdings II, Inc.                                                                               | CUSIP: 64083YAA9<br>LEI: 254900FAHT0HW9T6L409 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1971713.40   | 0.37%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Rithm Capital Corp.                                                                                   | Rithm Capital Corp.                                                                                   | CUSIP: 64828TAB8<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3082277.79   | 0.58%             | 2029-04-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Rithm Capital Corp.                                                                                   | Rithm Capital Corp.                                                                                   | CUSIP: 64828TAC6<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2047166.26   | 0.38%             | 2030-07-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Nexstar Media, Inc.                                                                                   | Nexstar Media, Inc.                                                                                   | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1986549.60   | 0.37%             | 2028-11-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Nickel Industries Ltd.                                                                                | Nickel Industries Ltd.                                                                                | CUSIP: 653890AB9<br>LEI: 54930007K0WX53TSIK16 | Long             | DBT              | CORP              | AU        |   2000000 | PA      | $2076136.38   | 0.39%             | 2030-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Nissan Motor Co. Ltd.                                                                                 | Nissan Motor Co. Ltd.                                                                                 | CUSIP: 654922AB9<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |   2000000 | PA      | $2100471.10   | 0.39%             | 2030-07-17      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Novelis Corp.                                                                                         | Novelis Corp.                                                                                         | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2223399.47   | 0.42%             | 2030-01-30      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| OneMain Finance Corp.                                                                                 | OneMain Finance Corp.                                                                                 | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1044577.74   | 0.20%             | 2031-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Open Text Corp.                                                                                       | Open Text Corp.                                                                                       | CUSIP: 683715AD8<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |   2500000 | PA      | $2376013.00   | 0.45%             | 2029-12-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Fibercop SpA                                                                                          | Fibercop SpA                                                                                          | CUSIP: 683879AF7<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |   3000000 | PA      | $2993250.00   | 0.56%             | 2036-07-18      | Fixed         | 7.20%                 | Yes           |                  2 | On Loan: No      |
| Outfront Media Capital LLC / Outfront Media Capital Corp.                                             | Outfront Media Capital LLC / Outfront Media Capital Corp.                                             | CUSIP: 69007TAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3425476.95   | 0.64%             | 2030-03-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Owens-Brockway Glass Container, Inc.                                                                  | Owens-Brockway Glass Container, Inc.                                                                  | CUSIP: 69073TAV5<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3047289.00   | 0.57%             | 2032-06-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)                                                              | PNC Financial Services Group, Inc. (The), Series V                                                    | CUSIP: 693475BF1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2034428.00   | 0.38%             | 2027-09-15      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| Paradigm Parent LLC and Paradigm Parent Co-Issuer, Inc.                                               | Paradigm Parent LLC and Paradigm Parent Co-Issuer, Inc.                                               | CUSIP: 69902PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1813720.00   | 0.34%             | 2032-04-17      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Pattern Energy Operations LP / Pattern Energy Operations, Inc.                                        | Pattern Energy Operations LP / Pattern Energy Operations, Inc.                                        | CUSIP: 70339PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3108699.41   | 0.58%             | 2028-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Pebblebrook Hotel LP / PEB Finance Corp.                                                              | Pebblebrook Hotel LP / PEB Finance Corp.                                                              | CUSIP: 70510LAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3081711.00   | 0.58%             | 2029-10-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Performance Food Group, Inc.                                                                          | Performance Food Group, Inc.                                                                          | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2064316.00   | 0.39%             | 2032-09-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| PetSmart LLC / PetSmart Finance Corp.                                                                 | PetSmart LLC / PetSmart Finance Corp.                                                                 | CUSIP: 71677KAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2037778.80   | 0.38%             | 2032-09-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| PetSmart LLC / PetSmart Finance Corp.                                                                 | PetSmart LLC / PetSmart Finance Corp.                                                                 | CUSIP: 71677KAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2062174.00   | 0.39%             | 2033-09-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Post Holdings, Inc.                                                                                   | Post Holdings, Inc.                                                                                   | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1897823.76   | 0.36%             | 2031-09-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings, Inc.                                                                                   | Post Holdings, Inc.                                                                                   | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3086174.58   | 0.58%             | 2032-02-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Provident Funding Associates LP / PFG Finance Corp.                                                   | Provident Funding Associates LP / PFG Finance Corp.                                                   | CUSIP: 74387UAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3166542.00   | 0.59%             | 2029-09-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Rand Parent LLC                                                                                       | Rand Parent LLC                                                                                       | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2085116.04   | 0.39%             | 2030-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Resideo Funding, Inc.                                                                                 | Resideo Funding, Inc.                                                                                 | CUSIP: 76119LAD3<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4099132.00   | 0.77%             | 2032-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Rocket Cos., Inc.                                                                                     | Rocket Cos., Inc.                                                                                     | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2068508.28   | 0.39%             | 2030-08-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Rocket Cos., Inc.                                                                                     | Rocket Cos., Inc.                                                                                     | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2609672.50   | 0.49%             | 2033-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Ryan Specialty LLC                                                                                    | Ryan Specialty LLC                                                                                    | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |   4308000 | PA      | $4404533.15   | 0.82%             | 2032-08-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Sable International Finance Ltd.                                                                      | Sable International Finance Ltd.                                                                      | CUSIP: 785712AK6<br>LEI: 2138009IE9A35LO5JS73 | Long             | DBT              | CORP              | KY        |   2000000 | PA      | $2028624.00   | 0.38%             | 2032-10-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Safeway, Inc.                                                                                         | Safeway, Inc.                                                                                         | CUSIP: 786514BA6<br>LEI: 549300NKZ6VCN5P3K723 | Long             | DBT              | CORP              | US        |   2925000 | PA      | $3177196.43   | 0.60%             | 2031-02-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| EW Scripps Co. (The)                                                                                  | EW Scripps Co. (The)                                                                                  | CUSIP: 811054AH8<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2498670.53   | 0.47%             | 2030-08-15      | Fixed         | 9.88%                 | Yes           |                  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        |   3000000 | PA      | $2942767.80   | 0.55%             | 2029-06-01      | Fixed         | 4.09%                 | Yes           |                  2 | On Loan: No      |
| Sealed Air Corp.                                                                                      | Sealed Air Corp.                                                                                      | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3639520.50   | 0.68%             | 2032-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Sensata Technologies BV                                                                               | Sensata Technologies BV                                                                               | CUSIP: 81725WAL7<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |   3500000 | PA      | $3556692.55   | 0.67%             | 2030-09-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Shea Homes LP / Shea Homes Funding Corp.                                                              | Shea Homes LP / Shea Homes Funding Corp.                                                              | CUSIP: 82088KAK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1986960.00   | 0.37%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.                                                                  | Clear Channel Outdoor Holdings, Inc., First Lien, 2024 Refinancing CME Term Loan                      | CUSIP: 18452RAF2<br>LEI: 254900XBEE6V1ENYS150 | Long             | LON              | CORP              | US        |   3000000 | PA      | $3011790.00   | 0.56%             | 2028-08-23      | Variable      | 7.83%                 | 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        |   2000000 | PA      | $2066174.00   | 0.39%             | 2032-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Connect Finco SARL                                                                                    | Connect Finco SARL, First Lien, Amendment No. 4 CME Term Loan                                         | CUSIP: L2000DAH7<br>LEI: 2594001KNYIQ456J2792 | Long             | LON              | CORP              | LU        |   1994924 | PA      | $1994644.57   | 0.37%             | 2029-09-13      | Variable      | 8.22%                 | No            |                  2 | On Loan: No      |
| Lumen Technologies, Inc.                                                                              | Lumen Technologies, Inc., First Lien, CME Term Loan, B1                                               | CUSIP: 55024EAF2<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |   3954422 | PA      | $3939355.57   | 0.74%             | 2029-04-16      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| Sirius XM Radio LLC                                                                                   | Sirius XM Radio LLC                                                                                   | CUSIP: 82967NBC1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1008762.07   | 0.19%             | 2029-07-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Sirius XM Radio LLC                                                                                   | Sirius XM Radio LLC                                                                                   | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3806949.60   | 0.71%             | 2030-07-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| United Natural Foods, Inc.                                                                            | United Natural Foods, Inc., First Lien, 2024 CME Term Loan                                            | CUSIP: 91116KAD7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1483320 | PA      | $1495928.05   | 0.28%             | 2031-05-01      | Variable      | 8.47%                 | No            |                  2 | On Loan: No      |
| OneMain Finance Corp.                                                                                 | OneMain Finance Corp.                                                                                 | CUSIP: 85172FAQ2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1158288.75   | 0.22%             | 2028-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Block, Inc.                                                                                           | Block, Inc.                                                                                           | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3121545.00   | 0.58%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Block, Inc.                                                                                           | Block, Inc.                                                                                           | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1027169.00   | 0.19%             | 2033-08-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Standard Building Solutions, Inc.                                                                     | Standard Building Solutions, Inc.                                                                     | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2060492.00   | 0.39%             | 2032-08-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Standard Industries, Inc.                                                                             | Standard Industries, Inc.                                                                             | CUSIP: 853496AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1875000 | PA      | $1810097.55   | 0.34%             | 2030-07-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                                                                                | Tenet Healthcare Corp.                                                                                | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2011313.22   | 0.38%             | 2027-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                                                                                | Tenet Healthcare Corp.                                                                                | CUSIP: 88033GDV9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1030219.00   | 0.19%             | 2033-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Terex Corp.                                                                                           | Terex Corp.                                                                                           | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2053412.00   | 0.38%             | 2032-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| AI Aqua Merger Sub, Inc.                                                                              | AI Aqua Merger Sub, Inc., First Lien, 2025 Refinancing CME Term Loan, B                               | CUSIP: 00132UAP9<br>LEI: 5493005QMH1D47U26R45 | Long             | LON              | CORP              | US        |   2937837 | PA      | $2947620.00   | 0.55%             | 2028-07-31      | Variable      | 6.86%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                                                                            | Cloud Software Group, Inc.                                                                            | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2027495.84   | 0.38%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| TrueNoord Capital DAC                                                                                 | TrueNoord Capital DAC                                                                                 | CUSIP: 89785GAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   3000000 | PA      | $3182307.00   | 0.60%             | 2030-03-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Turkcell Iletisim Hizmetleri A/S                                                                      | Turkcell Iletisim Hizmetleri A/S                                                                      | CUSIP: 900111AC9<br>LEI: 7890003EX1LTLS2FFL84 | Long             | DBT              | CORP              | TR        |   2000000 | PA      | $2107419.16   | 0.39%             | 2030-01-24      | Fixed         | 7.45%                 | Yes           |                  2 | On Loan: No      |
| Coherent Corp.                                                                                        | Coherent Corp.                                                                                        | CUSIP: 902104AC2<br>LEI: 549300O5C25A0MMHHU33 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2992399.50   | 0.56%             | 2029-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Under Armour, Inc.                                                                                    | Under Armour, Inc.                                                                                    | CUSIP: 904311AD9<br>LEI: 549300D4549QKWETZ406 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2006941.38   | 0.38%             | 2030-07-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| 1261229 BC Ltd.                                                                                       | 1261229 BC Ltd., First Lien, Initial CME Term Loan                                                    | CUSIP: C6903HAB0<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    995000 | PA      | $974358.73    | 0.18%             | 2030-10-08      | Variable      | 9.97%                 | No            |                  2 | On Loan: No      |
| Unisys Corp.                                                                                          | Unisys Corp.                                                                                          | CUSIP: 909214BX5<br>LEI: 549300T21W22FIJJOW08 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4100932.00   | 0.77%             | 2031-01-15      | Fixed         | 10.62%                | Yes           |                  2 | On Loan: No      |
| United Rentals North America, Inc.                                                                    | United Rentals North America, Inc.                                                                    | CUSIP: 911365BL7<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   4300000 | PA      | $4361762.28   | 0.82%             | 2030-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Uniti Fiber ABS Issuer LLC                                                                            | Uniti Fiber ABS Issuer LLC, Series 2025-1A, Class B                                                   | CUSIP: 91326EAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $511952.15    | 0.10%             | 2055-04-20      | Fixed         | 6.37%                 | Yes           |                  2 | On Loan: No      |
| Uniti Group LP / Uniti Group Finance 2019, Inc. / CSL Capital LLC                                     | Uniti Group LP / Uniti Group Finance 2019, Inc. / CSL Capital LLC                                     | CUSIP: 91327TAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2957523.09   | 0.55%             | 2032-06-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Univision Communications, Inc.                                                                        | Univision Communications, Inc.                                                                        | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2072880.00   | 0.39%             | 2028-08-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Univision Communications, Inc.                                                                        | Univision Communications, Inc.                                                                        | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1568181.00   | 0.29%             | 2031-07-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Univision Communications, Inc.                                                                        | Univision Communications, Inc.                                                                        | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1075528.00   | 0.20%             | 2032-08-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| VM Consolidated, Inc.                                                                                 | VM Consolidated, Inc.                                                                                 | CUSIP: 91835HAA0<br>LEI: 549300GCTGJLEBXJUK89 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2002660.00   | 0.38%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| VZ Secured Financing BV                                                                               | VZ Secured Financing BV                                                                               | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |   2975000 | PA      | $2694556.15   | 0.50%             | 2032-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Viasat, Inc.                                                                                          | Viasat, Inc.                                                                                          | CUSIP: 92552VAR1<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1428069.02   | 0.27%             | 2031-05-30      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Victoria's Secret & Co.                                                                               | Victoria's Secret & Co.                                                                               | CUSIP: 926400AA0<br>LEI: 5493006T3O70U3UWVF17 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1941425.42   | 0.36%             | 2029-07-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Viking Baked Goods Acquisition Corp.                                                                  | Viking Baked Goods Acquisition Corp.                                                                  | CUSIP: 92676AAA5<br>LEI: 254900DBFD2H1FJK0893 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2514280.00   | 0.47%             | 2031-11-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Viking Cruises Ltd.                                                                                   | Viking Cruises Ltd.                                                                                   | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |   3000000 | PA      | $3047859.00   | 0.57%             | 2033-10-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Viking Ocean Cruises Ship VII Ltd.                                                                    | Viking Ocean Cruises Ship VII Ltd.                                                                    | CUSIP: 92682RAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2000000 | PA      | $2009984.00   | 0.38%             | 2029-02-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Virgin Media Secured Finance plc                                                                      | Virgin Media Secured Finance plc                                                                      | CUSIP: 92769XAP0<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |   4000000 | PA      | $3943206.44   | 0.74%             | 2029-05-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Watco Cos. LLC / Watco Finance Corp.                                                                  | Watco Cos. LLC / Watco Finance Corp.                                                                  | CUSIP: 941130AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3250000 | PA      | $3405567.75   | 0.64%             | 2032-08-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| William Carter Co. (The)                                                                              | William Carter Co. (The)                                                                              | CUSIP: 96926JAG2<br>LEI: TGI2A0HXEYNQPU7TYV27 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3105456.00   | 0.58%             | 2031-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Williams Scotsman, Inc.                                                                               | Williams Scotsman, Inc.                                                                               | CUSIP: 96949VAN3<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2074208.00   | 0.39%             | 2030-04-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Windstream Services LLC / Windstream Escrow Finance Corp.                                             | Windstream Services LLC / Windstream Escrow Finance Corp.                                             | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3152128.71   | 0.59%             | 2031-10-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| WULF Compute LLC                                                                                      | WULF Compute LLC                                                                                      | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2577521.08   | 0.48%             | 2030-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP                                                             | XPLR Infrastructure Operating Partners LP                                                             | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3154308.00   | 0.59%             | 2031-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Xerox Corp.                                                                                           | Xerox Corp.                                                                                           | CUSIP: 984121CS0<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |   2125000 | PA      | $2043715.75   | 0.38%             | 2030-10-15      | Fixed         | 10.25%                | Yes           |                  2 | On Loan: No      |
| ZF North America Capital, Inc.                                                                        | ZF North America Capital, Inc.                                                                        | CUSIP: 98877DAF2<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1977702.98   | 0.37%             | 2030-04-23      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Envest Microfinance Cooperative                                                                       | Envest Microfinance Cooperative                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    250000 | PA      | $249275.00    | 0.05%             | 2026-04-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Digicel Holdings Bermuda Ltd.                                                                         | Digicel Holdings Bermuda Ltd.                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |     24783 | NS      | $421311.00    | 0.08%             |  |  |  | No            |                  3 | On Loan: No      |
| Digicel Holdings Bermuda Ltd.                                                                         | Digicel Holdings Bermuda Ltd.                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | BM        |      1328 | NS      | $13944.00     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** IMPAX FUNDS SERIES TRUST I

**Signature:** Daniel Saltus

**Name of Signer:** Daniel Saltus

**Title:** Treasurer