# EDGAR Filing Document

**Accession Number:** 0001145022
**File Stem:** 0001145549-23-005672
**Filing Date:** 2023-2
**Character Count:** 85689
**Document Hash:** ab364cbd6c85bd6d43da07d5d7b6e4a0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-005672.hdr.sgml**: 20230208

**ACCESSION NUMBER**: 0001145549-23-005672

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230208

**DATE AS OF CHANGE**: 20230208

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HOTCHKIS & WILEY FUNDS /DE/
- **CENTRAL INDEX KEY:** 0001145022
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10487
- **FILM NUMBER:** 23597815

**BUSINESS ADDRESS:**
- **STREET 1:** 601 SOUTH FIGUEROA STREET
- **STREET 2:** 39TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90017-5704
- **BUSINESS PHONE:** 2134301000

**MAIL ADDRESS:**
- **STREET 1:** 601 SOUTH FIGUEROA STREET
- **STREET 2:** 39TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90017-5704

## Series and Classes Contracts Data

### Hotchkis & Wiley High Yield Fund (Series ID: S000025241)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000075208 | Class A      | HWHAX           |
| C000075209 | Class C      | HWHCX           |
| C000075210 | Class I      | HWHIX           |
| C000199806 | Class Z      | HWHZX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** HOTCHKIS & WILEY FUNDS /DE/

- **b. Investment Company Act file number:** 811-10487

- **c. CIK number of Registrant:** 0001145022

- **d. LEI of Registrant:** 549300DFU8YF1PWZ5A57

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

  - **Street Address 1:** 601 South Figueroa Street

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90017-5704

  - **Telephone number:** 213-430-1000

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

- **a. Name of Series:** Hotchkis and Wiley High Yield Fund

- **b. EDGAR series identifier (if any):** S000025241

- **c. LEI of Series:** 549300Q9KIJE8HOUVV59

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

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $759501015.19

**Total Liabilities:** $8464440.29

**Net Assets:** $751036574.90

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.000000000000 | **1-Year:** 1456.340000000000 | **5-Year:** 482.650000000000 | **10-Year:** 524.510000000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 62539.030000000000 | **1-Year:** 136595.690000000000 | **5-Year:** 61055.450000000000 | **10-Year:** 4470.710000000000 | **30-Year:** 2878.250000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000075208 | 3.02%                | 2.20%                | -0.64%               |
| Class ID C000075209 | 2.82%                | 2.22%                | -0.60%               |
| Class ID C000075210 | 2.91%                | 2.20%                | -0.51%               |
| Class ID C000199806 | 2.91%                | 2.21%                | -0.50%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1244290.46             | $19893009.34                               |
| Month 2  | $-2442920.49             | $15970659.94                               |
| Month 3  | $-732978.06              | $-7008594.80                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| PATRICK INDUSTRIES INC             | Patrick Industries Inc                                                           | CUSIP: 703343AD5<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |   5586000 | PA      | $4643641.80   | 0.62%             | 2029-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST            | Pebblebrook Hotel Trust                                                          | CUSIP: 70509V704<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |     85621 | NS      | $1524053.80   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST            | Pebblebrook Hotel Trust                                                          | CUSIP: 70509VAA8<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | DBT              | CORP              | US        |   4265000 | PA      | $3529287.50   | 0.47%             | 2026-12-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC             | Penn Entertainment Inc                                                           | CUSIP: 707569AS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5350000 | PA      | $4859512.00   | 0.65%             | 2027-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ROCC HOLDINGS LLC                  | ROCC Holdings LLC                                                                | CUSIP: 70789PAA2<br>LEI: 6XOCUKRR0UU0LF5P1W14 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1894016.01   | 0.25%             | 2026-08-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| PetroQuest Energy Inc              | PetroQuest Energy Inc                                                            | CUSIP: 716748405<br>LEI: 5493006TFRWYUQCKTQ17 | Long             | EC               | CORP              | US        |   8969064 | NS      | $358762.56    | 0.05%             |  |  |  | No            |                  3 | On Loan: No      |
| PETSMART INC/PETSMART FI           | PetSmart Inc / PetSmart Finance Corp                                             | CUSIP: 71677KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4296000 | PA      | $3897382.71   | 0.52%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ACADEMY LTD                        | Academy Ltd                                                                      | CUSIP: 00401YAA8<br>LEI: 549300BN53IR80C35Z14 | Long             | DBT              | CORP              | US        |   4301000 | PA      | $4123823.87   | 0.55%             | 2027-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS             | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAA3<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |   5367000 | PA      | $5004405.48   | 0.67%             | 2026-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| JB POINDEXTER & CO INC             | JB Poindexter & Co Inc                                                           | CUSIP: 730481AJ7<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1159896.00   | 0.15%             | 2026-04-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                  | Post Holdings Inc                                                                | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   4737000 | PA      | $3990948.79   | 0.53%             | 2031-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RAILWORKS HOLDINGS LP/R            | Railworks Holdings LP / Railworks Rally Inc                                      | CUSIP: 75079MAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3227000 | PA      | $2989170.10   | 0.40%             | 2028-11-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| RAIN CII CARBON LLC/CII            | Rain CII Carbon LLC / CII Carbon Corp                                            | CUSIP: 75079RAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6056000 | PA      | $5590172.48   | 0.74%             | 2025-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| RAYONIER AM PROD INC               | Rayonier AM Products Inc                                                         | CUSIP: 75508EAB4<br>LEI: 549300ZGRDDK1QM6MM16 | Long             | DBT              | CORP              | US        |   2182000 | PA      | $2106764.64   | 0.28%             | 2026-01-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| REALOGY GROUP/CO-ISSUER            | Realogy Group LLC / Realogy Co-Issuer Corp                                       | CUSIP: 75606DAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5758000 | PA      | $4362779.02   | 0.58%             | 2029-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RENT-A-CENTER INC                  | Rent-A-Center Inc/TX                                                             | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |   3031000 | PA      | $2455862.63   | 0.33%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES            | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153AZ5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   2250000 | PA      | $2418075.00   | 0.32%             | 2025-06-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES            | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BL5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   2549000 | PA      | $2564192.04   | 0.34%             | 2027-08-15      | Fixed         | 11.62%                | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY GROUP               | Ryan Specialty Group LLC                                                         | CUSIP: 78351MAA0<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |   4475000 | PA      | $3880477.90   | 0.52%             | 2030-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SCIL IV LLC / SCIL USA H           | SCIL IV LLC / SCIL USA Holdings LLC                                              | CUSIP: 78397UAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4977000 | PA      | $4224228.75   | 0.56%             | 2026-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC             | SCIH Salt Holdings Inc                                                           | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3764000 | PA      | $3236831.66   | 0.43%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MATIV HOLDINGS INC                 | Mativ Holdings Inc                                                               | CUSIP: 808541AA4<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |   5894000 | PA      | $5215423.78   | 0.69%             | 2026-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SC GAMES HOLDIN/US FINCO           | Scientific Games Holdings LP/Scientific Games US FinCo Inc                       | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5120000 | PA      | $4331520.00   | 0.58%             | 2030-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO              | Scotts Miracle-Gro Co/The                                                        | CUSIP: 810186AW6<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |   5332000 | PA      | $4026565.69   | 0.54%             | 2032-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SHELF DRILL HOLD LTD               | Shelf Drilling Holdings Ltd                                                      | CUSIP: 822538AE4<br>LEI: 54930078ZJ3XP4MRYB68 | Long             | DBT              | CORP              | KY        |   6252000 | PA      | $5435645.10   | 0.72%             | 2025-02-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO INC                | Sirius XM Radio Inc                                                              | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   3069000 | PA      | $2676843.18   | 0.36%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ENERGY CO             | Southwestern Energy Co                                                           | CUSIP: 845467AT6<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |   2480000 | PA      | $2124157.20   | 0.28%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AHLSTROM-MUNKSJO HLDG 3            | Ahlstrom-Munksjo Holding 3 Oy                                                    | CUSIP: 84612JAA0<br>LEI: 743700UEY0YM039XN974 | Long             | DBT              | CORP              | FI        |   6004000 | PA      | $4886903.14   | 0.65%             | 2028-02-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SPECTRUM BRANDS INC                | Spectrum Brands Inc                                                              | CUSIP: 84762LAV7<br>LEI: 549300VU3EH2E73C1Q04 | Long             | DBT              | CORP              | US        |    950000 | PA      | $823703.45    | 0.11%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC             | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAL4<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |   3598000 | PA      | $3563135.38   | 0.47%             | 2025-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC             | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAN0<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |   2185000 | PA      | $2302880.75   | 0.31%             | 2029-11-30      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRIES INC            | Standard Industries Inc/NJ                                                       | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   6010000 | PA      | $4910227.52   | 0.65%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| RA Parent Inc                      | RA Parent Inc                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       142 | NS      | $9159000.00   | 1.22%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SUMMER (BC) BIDC                   | Summer BC Bidco B LLC                                                            | CUSIP: 865632AA1<br>LEI: 213800CCW2O2WZ7YV169 | Long             | DBT              | CORP              | US        |   4067000 | PA      | $3305210.23   | 0.44%             | 2026-10-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TRI POINTE HOMES INC               | Tri Pointe Homes Inc                                                             | CUSIP: 87265HAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3866000 | PA      | $3457499.11   | 0.46%             | 2027-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS           | Targa Resources Partners LP / Targa Resources Partners Finance Corp              | CUSIP: 87612BBQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3901000 | PA      | $3676321.91   | 0.49%             | 2030-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TELESAT CANADA/TELESAT L           | Telesat Canada / Telesat LLC                                                     | CUSIP: 87952VAR7<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   5575000 | PA      | $2571595.80   | 0.34%             | 2026-12-06      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP              | Tenet Healthcare Corp                                                            | CUSIP: 88033GCX6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   4560000 | PA      | $4389182.40   | 0.58%             | 2027-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP              | Tenet Healthcare Corp                                                            | CUSIP: 88033GDP2<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   3152000 | PA      | $3008757.36   | 0.40%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| TOWNSQUARE MEDIA INC               | Townsquare Media Inc                                                             | CUSIP: 892231AB7<br>LEI: 549300XBA8C68H0DR538 | Long             | DBT              | CORP              | US        |   3437000 | PA      | $3054638.91   | 0.41%             | 2026-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                      | TransDigm Inc                                                                    | CUSIP: 893647BE6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   4090000 | PA      | $4042515.10   | 0.54%             | 2026-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN POSEIDON LTD            | Transocean Poseidon Ltd                                                          | CUSIP: 89383JAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   3420375 | PA      | $3333839.51   | 0.44%             | 2027-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TRINSEO OP / TRINSEO FIN           | Trinseo Materials Operating SCA / Trinseo Materials Finance Inc                  | CUSIP: 89668QAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   6016000 | PA      | $3904504.32   | 0.52%             | 2029-04-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ATI INC                            | ATI Inc                                                                          | CUSIP: 01741RAH5<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |   3454000 | PA      | $3308363.13   | 0.44%             | 2027-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC            | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBA7<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |   4842000 | PA      | $4324753.35   | 0.58%             | 2028-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TURNING POINT BRANDS INC           | Turning Point Brands Inc                                                         | CUSIP: 90041LAF2<br>LEI: 549300IYG00QF0VVP302 | Long             | DBT              | CORP              | US        |   5007000 | PA      | $4325697.11   | 0.58%             | 2026-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| TWILIO INC                         | Twilio Inc                                                                       | CUSIP: 90138FAC6<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |   4870000 | PA      | $3962719.00   | 0.53%             | 2029-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| COHERENT CORP                      | Coherent Corp                                                                    | CUSIP: 902104AC2<br>LEI: 549300O5C25A0MMHHU33 | Long             | DBT              | CORP              | US        |   4525000 | PA      | $3908378.25   | 0.52%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVAR SOLUTIONS USA INC           | Univar Solutions USA Inc/Washington                                              | CUSIP: 91337CAA4<br>LEI: 5493008FTB9VZW6CVA82 | Long             | DBT              | CORP              | US        |   1991000 | PA      | $1891589.37   | 0.25%             | 2027-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| VOC ESCROW LTD                     | VOC Escrow Ltd                                                                   | CUSIP: 91832VAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6714000 | PA      | $5785319.52   | 0.77%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VM CONSOLIDATED INC                | VM Consolidated Inc                                                              | CUSIP: 91835HAA0<br>LEI: 549300GCTGJLEBXJUK89 | Long             | DBT              | CORP              | US        |   4581000 | PA      | $4040716.86   | 0.54%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VAREX IMAGING CORPORATIO           | Varex Imaging Corp                                                               | CUSIP: 92214XAC0<br>LEI: 549300CWYWPVCT8E9W67 | Long             | DBT              | CORP              | US        |   4531000 | PA      | $4509885.54   | 0.60%             | 2027-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU           | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |   2077000 | PA      | $1773238.75   | 0.24%             | 2031-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR US NEWCO INC           | TK Elevator US Newco Inc                                                         | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |   5615000 | PA      | $4995104.00   | 0.67%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHESAPEAKE ENERGY CORP             | Chesapeake Energy Corp                                                           | CUSIP: 92735LAA0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |   2437000 | PA      | $2375953.15   | 0.32%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN           | Virgin Media Secured Finance PLC                                                 | CUSIP: 92769XAP0<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |   8063000 | PA      | $7241098.10   | 0.96%             | 2029-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC               | WR Grace Holdings LLC                                                            | CUSIP: 92943GAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6150000 | PA      | $4980085.50   | 0.66%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Warren Resources Inc               | Warren Resources Inc                                                             | CUSIP: 93564A209<br>LEI: 549300M42WZ9F88ULC83 | Long             | EC               | CORP              | US        |    117785 | NS      | $134274.90    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| WEEKLEY HOMES LLC/ FINAN           | Weekley Homes LLC / Weekley Finance Corp                                         | CUSIP: 948565AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4853000 | PA      | $4086423.42   | 0.54%             | 2028-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC             | WESCO Distribution Inc                                                           | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   2740000 | PA      | $2781699.98   | 0.37%             | 2028-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| WINNEBAGO INDUSTRIES               | Winnebago Industries Inc                                                         | CUSIP: 974637AC4<br>LEI: 549300B7OYKYJLTE3G11 | Long             | DBT              | CORP              | US        |   3877000 | PA      | $3630186.30   | 0.48%             | 2028-07-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                     | Wynn Macau Ltd                                                                   | CUSIP: 98313RAD8<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |   5146000 | PA      | $4506197.82   | 0.60%             | 2027-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| XEROX HOLDINGS CORP                | Xerox Holdings Corp                                                              | CUSIP: 98421MAB2<br>LEI: 5493000Y33XDVO2CXC18 | Long             | DBT              | CORP              | US        |   5251000 | PA      | $4210787.24   | 0.56%             | 2028-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ZIGGO BV                           | Ziggo BV                                                                         | CUSIP: 98955DAA8<br>LEI: 213800TQASLF9JXH5J59 | Long             | DBT              | CORP              | NL        |   5214000 | PA      | $4371574.02   | 0.58%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ZIPRECRUITER INC                   | ZipRecruiter Inc                                                                 | CUSIP: 98980BAA1<br>LEI: 549300HLOVNNFCY2IV80 | Long             | DBT              | CORP              | US        |   5191000 | PA      | $4286312.52   | 0.57%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TELENET FINANCE LUX NOTE           | Telenet Finance Luxembourg Notes Sarl                                            | CUSIP: AQ2322842<br>LEI: 2138007RI9GLJPCC3E25 | Long             | DBT              | CORP              | LU        |   4800000 | PA      | $4368000.00   | 0.58%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                | SoftBank Group Corp                                                              | CUSIP: AO2624986<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |   6141000 | PA      | $5872011.92   | 0.78%             | 2023-07-19      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| METALS RECOVERY HOLDINGS LLC       | METALS RECOVERY HOLDINGS LLC                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    116127 | NS      | $9952109.24   | 1.33%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Iracore International Holdings Inc | Iracore Investments Holdings Inc                                                 | CUSIP: N/A<br>LEI: 5493001MEBLCGW71EE69       | Long             | EC               | CORP              | US        |     22361 | NS      | $6900828.21   | 0.92%             |  |  |  | Yes           |                  3 | On Loan: No      |
| QUIKSILVER INC                     | Boardriders Inc                                                                  | CUSIP: 09660JAB6<br>LEI: 54930013HYANWRQLRU09 | Long             | LON              | CORP              | US        |   5884115 | PA      | $3236263.08   | 0.43%             | 2024-04-06      | Floating      | 10.91%                | Yes           |                  2 | On Loan: No      |
| PAR PETROLEUM LLC                  | Par Petroleum LLC                                                                | CUSIP: 69889PAB1<br>LEI: 984500CCF05C2FB39F45 | Long             | LON              | CORP              | US        |   3767675 | PA      | $3719015.55   | 0.50%             | 2026-01-11      | Floating      | 10.58%                | Yes           |                  2 | On Loan: No      |
| QUIKSILVER INC                     | Boardriders Inc                                                                  | CUSIP: 09660JAG5<br>LEI: 54930013HYANWRQLRU09 | Long             | LON              | CORP              | US        |   1666368 | PA      | $1416413.06   | 0.19%             | 2024-04-23      | Floating      | 12.56%                | Yes           |                  2 | On Loan: No      |
| SYNCAPAY INC                       | Syncapay Inc                                                                     | CUSIP: 65230LAC2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4330954 | PA      | $4295787.07   | 0.57%             | 2027-12-10      | Floating      | 10.17%                | Yes           |                  2 | On Loan: No      |
| MATIV HOLDINGS INC                 | Mativ Holdings Inc                                                               | CUSIP: 80854EAH1<br>LEI: 549300Z1FU4IDULG1R21 | Long             | LON              | CORP              | US        |   3357500 | PA      | $3172837.50   | 0.42%             | 2029-05-06      | Floating      | 7.88%                 | Yes           |                  2 | On Loan: No      |
| JOURNEY PERSONAL CARE CO           | Journey Personal Care Corp                                                       | CUSIP: 48114NAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5004123 | PA      | $3710556.95   | 0.49%             | 2028-03-01      | Floating      | 7.92%                 | Yes           |                  2 | On Loan: No      |
| AADVANTAGE LOYALTY IP              | AAdvantage Loyalty IP Ltd                                                        | CUSIP: 02376CBJ3<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |   5052000 | PA      | $5038586.94   | 0.67%             | 2028-04-20      | Floating      | 8.99%                 | Yes           |                  2 | On Loan: No      |
| UNITED AIRLINES INC                | United Airlines Inc                                                              | CUSIP: 90932RAJ3<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | LON              | CORP              | US        |   4296096 | PA      | $4254037.42   | 0.57%             | 2028-04-21      | Floating      | 6.53%                 | Yes           |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC              | Directv Financing LLC                                                            | CUSIP: 25460HAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5519455 | PA      | $5385497.79   | 0.72%             | 2027-08-02      | Floating      | 9.07%                 | Yes           |                  2 | On Loan: No      |
| AP CORE HOLDINGS II LLC            | AP Core Holdings II LLC                                                          | CUSIP: 00187GAC3<br>LEI: 549300PND8ZZ4RWYRZ56 | Long             | LON              | CORP              | US        |   4645256 | PA      | $4223699.40   | 0.56%             | 2027-09-01      | Floating      | 9.57%                 | Yes           |                  2 | On Loan: No      |
| FINTHRIVE SOFTWARE INTER           | FinThrive Software Intermediate Holdings Inc                                     | CUSIP: 58404KAH8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3909156 | PA      | $3326046.32   | 0.44%             | 2028-12-17      | Floating      | 8.07%                 | Yes           |                  2 | On Loan: No      |
| FINTHRIVE SOFTWARE INTER           | FinThrive Software Intermediate Holdings Inc                                     | CUSIP: 58404KAK1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    752000 | PA      | $578333.12    | 0.08%             | 2029-12-17      | Floating      | 10.82%                | Yes           |                  2 | On Loan: No      |
| COVIS FINCO SARL                   | Covis Finco Sarl                                                                 | CUSIP: N/A<br>LEI: 549300NNIZ3SBBEUQM24       | Long             | LON              | CORP              | LU        |   4428450 | PA      | $2457789.75   | 0.33%             | 2027-02-14      | Floating      | 10.20%                | Yes           |                  2 | On Loan: No      |
| DAVE & BUSTER'S INC                | Dave & Buster's Inc                                                              | CUSIP: 23833EAV6<br>LEI: 549300JAVWTAY1FT5Z45 | Long             | LON              | CORP              | US        |   2116695 | PA      | $2109424.15   | 0.28%             | 2029-06-29      | Floating      | 9.19%                 | Yes           |                  2 | On Loan: No      |
| CENTRAL PARENT INC                 | Central Parent Inc                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4581000 | PA      | $4547421.27   | 0.61%             | 2029-07-06      | Floating      | 8.11%                 | Yes           |                  2 | On Loan: No      |
| MALLINCKRODT INTERNATIONAL         | Mallinckrodt International Finance SA                                            | CUSIP: L6232UAP2<br>LEI: 549300MQQ92LN1A0B514 | Long             | LON              | CORP              | LU        |   4952717 | PA      | $3770256.13   | 0.50%             | 2027-09-30      | Floating      | 10.24%                | Yes           |                  2 | On Loan: No      |
| Iracore International Holdings Inc | Iracore International Holdings Inc                                               | CUSIP: N/A<br>LEI: 5493001MEBLCGW71EE69       | Long             | LON              | CORP              | US        |   1826992 | PA      | $1826991.61   | 0.24%             | 2024-04-12      | Floating      | 10.00%                | Yes           |                  3 | On Loan: No      |
| AMWINS GROUP INC                   | AmWINS Group Inc                                                                 | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |   5313000 | PA      | $4513110.53   | 0.60%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI           | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3939000 | PA      | $3730537.37   | 0.50%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC                         | Arcosa Inc                                                                       | CUSIP: 039653AA8<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |   4847000 | PA      | $4209404.34   | 0.56%             | 2029-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE           | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AM7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5969000 | PA      | $4788933.00   | 0.64%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ARMOR HOLDCO INC                   | Armor Holdco Inc                                                                 | CUSIP: 04625PAA9<br>LEI: 254900X6HLK0YPTHHF09 | Long             | DBT              | CORP              | US        |    965000 | PA      | $726001.19    | 0.10%             | 2029-11-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AXALTA COAT/DUTCH HLD BV           | Axalta Coating Systems LLC / Axalta Coating Systems Dutch Holding B BV           | CUSIP: 05454NAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4317000 | PA      | $3997326.15   | 0.53%             | 2027-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                        | BNP Paribas SA                                                                   | CUSIP: 05565AHN6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   3491000 | PA      | $3385347.71   | 0.45%             | 2024-03-25      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| BALL CORP                          | Ball Corp                                                                        | CUSIP: 058498AY2<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |   3759000 | PA      | $3866018.73   | 0.51%             | 2028-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC              | Bausch Health Cos Inc                                                            | CUSIP: 071734AP2<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   2901000 | PA      | $2004242.88   | 0.27%             | 2027-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC              | Bausch Health Cos Inc                                                            | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   1770000 | PA      | $1389174.98   | 0.18%             | 2028-09-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS           | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBE9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2028-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS           | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1880000 | PA      | $969766.02    | 0.13%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS           | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   5055000 | PA      | $3820680.97   | 0.51%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                   | CSC Holdings LLC                                                                 | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |  10602000 | PA      | $6002799.39   | 0.80%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA RESOURCES CRP           | California Resources Corp                                                        | CUSIP: 13057QAH0<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |   3349000 | PA      | $3222474.78   | 0.43%             | 2026-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CALLON PETROLEUM CO                | Callon Petroleum Co                                                              | CUSIP: 13123XAZ5<br>LEI: 549300EFOWPEB0WLZW21 | Long             | DBT              | CORP              | US        |   3721000 | PA      | $3474021.60   | 0.46%             | 2026-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                       | Calpine Corp                                                                     | CUSIP: 131347CR5<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   4433000 | PA      | $3575019.00   | 0.48%             | 2031-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                      | Carnival Corp                                                                    | CUSIP: 143658BQ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   6607000 | PA      | $5400297.52   | 0.72%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                      | Carnival Corp                                                                    | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   4320000 | PA      | $2886870.02   | 0.38%             | 2029-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                      | Carnival Corp                                                                    | CUSIP: 143658BS0<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   4451000 | PA      | $3626455.28   | 0.48%             | 2030-06-01      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| CARPENTER TECHNOLOGY               | Carpenter Technology Corp                                                        | CUSIP: 144285AM5<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |   3876000 | PA      | $3890832.91   | 0.52%             | 2030-03-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO            | Central Garden & Pet Co                                                          | CUSIP: 153527AP1<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |   4595000 | PA      | $3809714.50   | 0.51%             | 2031-04-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI           | Charles River Laboratories International Inc                                     | CUSIP: 159864AJ6<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |   3379000 | PA      | $2927717.66   | 0.39%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC               | Chart Industries Inc                                                             | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |   3903000 | PA      | $3928525.62   | 0.52%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Civitas Resources Inc              | Civitas Resources Inc                                                            | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |     27466 | NS      | $1591105.38   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMSCOPE TECH LLC                 | CommScope Technologies LLC                                                       | CUSIP: 20337YAA5<br>LEI: M4TWC4QDOKW45N7T6Y12 | Long             | DBT              | CORP              | US        |   3596000 | PA      | $3279767.76   | 0.44%             | 2025-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE INC                      | CommScope Inc                                                                    | CUSIP: 20338QAD5<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |   3031000 | PA      | $2803523.45   | 0.37%             | 2026-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CONSENSUS CLOUD SOLUTION           | Consensus Cloud Solutions Inc                                                    | CUSIP: 20848VAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4440000 | PA      | $4089544.32   | 0.54%             | 2028-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE GROUP AG             | Credit Suisse Group AG                                                           | CUSIP: 225401BB3<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |    815000 | PA      | $836719.53    | 0.11%             | 2033-11-15      | Variable      | 9.02%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE GROUP AG             | Credit Suisse Group AG                                                           | CUSIP: 22546DAB2<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |    905000 | PA      | $792780.00    | 0.11%             | 2023-12-11      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                   | DT Midstream Inc                                                                 | CUSIP: 23345MAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3604000 | PA      | $3028261.00   | 0.40%             | 2031-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| DAVE & BUSTER'S INC                | Dave & Buster's Inc                                                              | CUSIP: 23833NAH7<br>LEI: 549300JAVWTAY1FT5Z45 | Long             | DBT              | CORP              | US        |   2521000 | PA      | $2537285.66   | 0.34%             | 2025-11-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| DIAMOND BC BV                      | Diamond BC BV                                                                    | CUSIP: 25257DAA6<br>LEI: 549300SWLHWJF3D4N658 | Long             | DBT              | CORP              | NL        |   4790000 | PA      | $3850202.00   | 0.51%             | 2029-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                  | DISH Network Corp                                                                | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   1967000 | PA      | $2028272.05   | 0.27%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| DISH DBS CORP                      | DISH DBS Corp                                                                    | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4129000 | PA      | $3303200.00   | 0.44%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DUN & BRADSTREET CORP              | Dun & Bradstreet Corp/The                                                        | CUSIP: 26483EAL4<br>LEI: RI37BMPWE56BCJ747E14 | Long             | DBT              | CORP              | US        |   3145000 | PA      | $2695463.20   | 0.36%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EQM MIDSTREAM PARTNERS L           | EQM Midstream Partners LP                                                        | CUSIP: 26885BAM2<br>LEI: 549300NELT611CL6XM83 | Long             | DBT              | CORP              | US        |   6017000 | PA      | $5900179.95   | 0.79%             | 2027-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| EARTHSTONE ENERGY HOL              | Earthstone Energy Holdings LLC                                                   | CUSIP: 27034RAA1<br>LEI: 549300HGVO86L8G72J25 | Long             | DBT              | CORP              | US        |   3772000 | PA      | $3613198.80   | 0.48%             | 2027-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| EDGEWELL PERSONAL CARE             | Edgewell Personal Care Co                                                        | CUSIP: 28035QAA0<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |   4220000 | PA      | $3954140.00   | 0.53%             | 2028-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP              | Encompass Health Corp                                                            | CUSIP: 29261AAB6<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |   4428000 | PA      | $3895519.89   | 0.52%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENERFLEX LTD                       | Enerflex Ltd                                                                     | CUSIP: 29269RAA3<br>LEI: 54930014N7872VUS3F89 | Long             | DBT              | CORP              | CA        |   2067000 | PA      | $2064044.19   | 0.27%             | 2027-10-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC             | Energizer Holdings Inc                                                           | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |   4751000 | PA      | $4036721.12   | 0.54%             | 2029-03-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| EVERI HOLDINGS INC                 | Everi Holdings Inc                                                               | CUSIP: 30034TAA1<br>LEI: 5299006DK5S7BG10K532 | Long             | DBT              | CORP              | US        |   5129000 | PA      | $4412307.13   | 0.59%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| F-BRASILE SPA/F-BRASILE            | F-Brasile SpA / F-Brasile US LLC                                                 | CUSIP: 30191BAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | IT        |   4657000 | PA      | $3814455.56   | 0.51%             | 2026-08-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Boardriders Inc                    | BOARDRIDERS INC SERIES B                                                         | CUSIP: N/A<br>LEI: 54930013HYANWRQLRU09       | Long             | EP               | CORP              | US        |  13810639 | NS      | $8562596.35   | 1.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FLUOR CORP                         | Fluor Corp                                                                       | CUSIP: 343412607<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EP               | CORP              | US        |      2093 | NS      | $3450247.71   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                 | Ford Motor Co                                                                    | CUSIP: 345370CS7<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   4796000 | PA      | $3665869.17   | 0.49%             | 2046-12-08      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| FOUNDATION BUILDING M              | Foundation Building Materials Inc                                                | CUSIP: 350392AA4<br>LEI: 549300ZVE6MONHB01I28 | Long             | DBT              | CORP              | US        |   3563000 | PA      | $2683736.19   | 0.36%             | 2029-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS            | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3644000 | PA      | $3391725.88   | 0.45%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                | General Electric Co                                                              | CUSIP: 369604BQ5<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EP               | CORP              | US        |   9471000 | PA      | $9340229.26   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER             | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BJ9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |   4590000 | PA      | $3817022.43   | 0.51%             | 2031-04-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GRAY ESCROW II INC                 | Gray Escrow II Inc                                                               | CUSIP: 389286AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5918000 | PA      | $4275370.33   | 0.57%             | 2031-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GRIFOLS ESCROW ISSUER              | Grifols Escrow Issuer SA                                                         | CUSIP: 39843UAA0<br>LEI: 959800HLB3PGTGSLVV62 | Long             | DBT              | CORP              | ES        |   4956000 | PA      | $4285205.40   | 0.57%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HLF FIN SARL LLC/HERBALI           | HLF Financing Sarl LLC / Herbalife International Inc                             | CUSIP: 40390DAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2280000 | PA      | $1573359.60   | 0.21%             | 2029-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP             | Harvest Midstream I LP                                                           | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |   4470000 | PA      | $4277208.90   | 0.57%             | 2028-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HIGHLAND HOLDINGS BOND             | Highlands Holdings Bond Issuer Ltd / Highlands Holdings Bond Co-Issuer Inc       | CUSIP: 43103QAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6240983 | PA      | $5839270.65   | 0.78%             | 2025-10-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP           | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AV6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4413000 | PA      | $3823020.20   | 0.51%             | 2031-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC BOR ESC           | Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Esc | CUSIP: 43284MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4680000 | PA      | $4030767.00   | 0.54%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOLLY NRG PRTNR/FIN CORP           | Holly Energy Partners LP / Holly Energy Finance Corp                             | CUSIP: 435765AH5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3831000 | PA      | $3494739.03   | 0.47%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLUMINATE BUYER/HLDG              | Illuminate Buyer LLC / Illuminate Holdings IV Inc                                | CUSIP: 45232TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2991000 | PA      | $2509004.57   | 0.33%             | 2028-07-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE            | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAA1<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |   3111000 | PA      | $2935586.27   | 0.39%             | 2026-05-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                       | ING Groep NV                                                                     | CUSIP: 456837AF0<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1265000 | PA      | $1198952.04   | 0.16%             | 2025-04-16      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| INSTALLED BUILDING PRODU           | Installed Building Products Inc                                                  | CUSIP: 45780RAA9<br>LEI: 549300I95Y9P9YM5FI86 | Long             | DBT              | CORP              | US        |   4671000 | PA      | $4207289.51   | 0.56%             | 2028-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL GAME TECH            | International Game Technology PLC                                                | CUSIP: 460599AD5<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   1947000 | PA      | $1935571.11   | 0.26%             | 2027-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JACOBS ENTERTAINMENT INC           | Jacobs Entertainment Inc                                                         | CUSIP: 469815AK0<br>LEI: 5493004U9JIWY3HSUO63 | Long             | DBT              | CORP              | US        |   4640000 | PA      | $4194239.84   | 0.56%             | 2029-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JAZZ SECURITIES DAC                | Jazz Securities DAC                                                              | CUSIP: 47216FAA5<br>LEI: 6354009DV8VV7K6KOO02 | Long             | DBT              | CORP              | IE        |   3250000 | PA      | $2902493.75   | 0.39%             | 2029-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan US Government Money M     | JPMorgan US Government Money Market Fund                                         | CUSIP: 4812C2270<br>LEI: 549300NQ5E5B7ZV4T516 | Long             | STIV             | RF                | US        |   8106740 | NS      | $8106739.95   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| KAISER ALUMINUM CORP               | Kaiser Aluminum Corp                                                             | CUSIP: 483007AL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5210000 | PA      | $4194310.50   | 0.56%             | 2031-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                | Kinetik Holdings LP                                                              | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |   4177000 | PA      | $3922758.54   | 0.52%             | 2030-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KONTOOR BRANDS INC                 | Kontoor Brands Inc                                                               | CUSIP: 50050NAA1<br>LEI: 549300M0CPXV65RFF271 | Long             | DBT              | CORP              | US        |   4908000 | PA      | $4017713.00   | 0.53%             | 2029-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| KOSMOS ENERGY LTD                  | Kosmos Energy Ltd                                                                | CUSIP: 500688AD8<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |   2320000 | PA      | $1865699.53   | 0.25%             | 2028-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LSF11 A5 HOLDCO LLC                | LSF11 A5 HoldCo LLC                                                              | CUSIP: 50221DAA7<br>LEI: 254900FPK7P5WNA66Y10 | Long             | DBT              | CORP              | US        |   5318000 | PA      | $4400172.92   | 0.59%             | 2029-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| LIBERTY INTERACTIVE LLC            | Liberty Interactive LLC                                                          | CUSIP: 530715AJ0<br>LEI: 549300SZUIU7Z32Q0664 | Long             | DBT              | CORP              | US        |   5273000 | PA      | $2407941.82   | 0.32%             | 2030-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                  | Lithia Motors Inc                                                                | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |   4660000 | PA      | $3799672.29   | 0.51%             | 2031-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                   | MGM Resorts International                                                        | CUSIP: 552953CF6<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |   4703000 | PA      | $4381640.25   | 0.58%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Jonah Energy LLC                   | JONAH ENERGY PARENT, LLC                                                         | CUSIP: N/A<br>LEI: 549300MQ9L3F2A0B7G56       | Long             | EC               | CORP              | US        |     13656 | NS      | $849812.88    | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MARRIOTT OWNERSHIP RESOR           | Marriott Ownership Resorts Inc                                                   | CUSIP: 57164PAH9<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |   5121000 | PA      | $4255173.38   | 0.57%             | 2029-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MERCER INTL INC                    | Mercer International Inc                                                         | CUSIP: 588056BB6<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |   5591000 | PA      | $4682350.68   | 0.62%             | 2029-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC            | Stagwell Global LLC                                                              | CUSIP: 59565JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3755000 | PA      | $3103338.53   | 0.41%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MODIVCARE ESCROW ISSUER            | ModivCare Escrow Issuer Inc                                                      | CUSIP: 60783XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4465000 | PA      | $3771139.00   | 0.50%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                | Medline Borrower LP                                                              | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   3911000 | PA      | $3159090.70   | 0.42%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                | Medline Borrower LP                                                              | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   3481000 | PA      | $2771067.46   | 0.37%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL CORP                    | Murphy Oil Corp                                                                  | CUSIP: 626717AN2<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |   4081000 | PA      | $3934001.24   | 0.52%             | 2028-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NCR CORP                           | NCR Corp                                                                         | CUSIP: 62886EAV0<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |   3783000 | PA      | $3543384.78   | 0.47%             | 2029-09-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES LTD              | Nabors Industries Ltd                                                            | CUSIP: 629571AB6<br>LEI: 5493008TXYN3II3PU369 | Long             | DBT              | CORP              | BM        |   3484000 | PA      | $3193002.73   | 0.43%             | 2028-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL CINEMEDIA LLC             | National CineMedia LLC                                                           | CUSIP: 63530QAH2<br>LEI: 7LJEQIVQVLNGS4X6T547 | Long             | DBT              | CORP              | US        |   6230000 | PA      | $172448.64    | 0.02%             | 2026-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NATIONAL CINEMEDIA LLC             | National CineMedia LLC                                                           | CUSIP: 63530QAJ8<br>LEI: 7LJEQIVQVLNGS4X6T547 | Long             | DBT              | CORP              | US        |   2187000 | PA      | $506563.88    | 0.07%             | 2028-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NESCO HOLDINGS II INC              | NESCO Holdings II Inc                                                            | CUSIP: 64083YAA9<br>LEI: 254900FAHT0HW9T6L409 | Long             | DBT              | CORP              | US        |   4035000 | PA      | $3535870.50   | 0.47%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEWS CORP                          | News Corp                                                                        | CUSIP: 65249BAA7<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |   2003000 | PA      | $1740276.51   | 0.23%             | 2029-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NEWS CORP                          | News Corp                                                                        | CUSIP: 65249BAB5<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |   4668000 | PA      | $4254625.26   | 0.57%             | 2032-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CRESTWOOD MID PARTNER LP           | Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp               | CUSIP: 67421QAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4726000 | PA      | $4709696.77   | 0.63%             | 2029-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN           | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   4609000 | PA      | $3742024.06   | 0.50%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| 1375209 BC LTD                     | 1375209 BC Ltd                                                                   | CUSIP: 68251PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    998000 | PA      | $976792.50    | 0.13%             | 2028-01-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORG                   | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5184000 | PA      | $4497821.14   | 0.60%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                 | PBF Holding Co LLC / PBF Finance Corp                                            | CUSIP: 69318FAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4060000 | PA      | $3628523.50   | 0.48%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                          | PG&E Corp                                                                        | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   5065000 | PA      | $4616924.78   | 0.61%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PGT INNOVATIONS INC                | PGT Innovations Inc                                                              | CUSIP: 69336VAB7<br>LEI: 549300LRW9WM59C1S579 | Long             | DBT              | CORP              | US        |   4741000 | PA      | $3975411.47   | 0.53%             | 2029-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PAPA JOHN'S INTERNATIONA           | Papa John's International Inc                                                    | CUSIP: 698813AA0<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | DBT              | CORP              | US        |   4247000 | PA      | $3551659.93   | 0.47%             | 2029-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS             | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4745000 | PA      | $4022811.00   | 0.54%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                      | Parkland Corp/Alberta                                                            | CUSIP: 70137WAL2<br>LEI: 549300XHQS1JYWBNK868 | Long             | DBT              | CORP              | CA        |   5527000 | PA      | $4581579.02   | 0.61%             | 2030-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| VALARIS LTD                        | Valaris Ltd                                                                      | CUSIP: 91889FAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3814000 | PA      | $3841176.50   | 0.51%             | 2028-04-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BLOCK COMMUNICATIONS INC           | Block Communications Inc                                                         | CUSIP: 093645AJ8<br>LEI: M5G68A9OHJWIL4SFC742 | Long             | DBT              | CORP              | US        |   4766000 | PA      | $4165865.28   | 0.55%             | 2028-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BLUELINX HOLDING                   | BlueLinx Holdings Inc                                                            | CUSIP: 09624HAA7<br>LEI: 549300YSX7GU28F5I540 | Long             | DBT              | CORP              | US        |   4451000 | PA      | $3700116.30   | 0.49%             | 2029-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC              | Civitas Resources Inc                                                            | CUSIP: 097793AE3<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   2777000 | PA      | $2542359.38   | 0.34%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                   | Boyd Gaming Corp                                                                 | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |   3791000 | PA      | $3302643.38   | 0.44%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BOYNE USA INC                      | Boyne USA Inc                                                                    | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5314000 | PA      | $4709900.76   | 0.63%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BRISTOW GROUP INC                  | Bristow Group Inc                                                                | CUSIP: 11040GAA1<br>LEI: 5493005Q24EN3UC1PV68 | Long             | DBT              | CORP              | US        |   3258000 | PA      | $3002604.83   | 0.40%             | 2028-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT           | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   4682000 | PA      | $3658057.84   | 0.49%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP             | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5837000 | PA      | $5291386.43   | 0.70%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP             | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8820000 | PA      | $7168410.90   | 0.95%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Brown Brothers Harriman and Co.    | Australia and New Zealand Banking Group Ltd.                                     | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | Long             | STIV             | CORP              | US        |    538805 | PA      | $538805.23    | 0.07%             | 2022-12-31      | Fixed         | 3.68%                 | No            |                  1 | On Loan: No      |
| Brown Brothers Harriman and Co.    | Citigroup, Inc.                                                                  | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | Long             | STIV             | CORP              | US        |      6781 | PA      | $6780.87      | 0.00%             | 2022-12-31      | Fixed         | 3.68%                 | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-08

**Name of Applicant:** HOTCHKIS & WILEY FUNDS /DE/

**Signature:** /s/ James Menvielle

**Name of Signer:** James Menvielle

**Title:** Treasurer / Principal Financial Officer