# EDGAR Filing Document

**Accession Number:** 0000719269
**File Stem:** 0001410368-26-050721
**Filing Date:** 2026-5
**Character Count:** 218082
**Document Hash:** 3035fe4b57380643c77bd61d12c8022a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-050721.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0001410368-26-050721

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MFS VARIABLE INSURANCE TRUST II
- **CENTRAL INDEX KEY:** 0000719269

**ORGANIZATION NAME:**
- **EIN:** 046540044
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03732
- **FILM NUMBER:** 261016308

**BUSINESS ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 16179545839

**MAIL ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS SUN LIFE SERIES TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COMPASS SERIES TRUST
- **DATE OF NAME CHANGE:** 19850325

## Series and Classes Contracts Data

### MFS High Yield Portfolio (Series ID: S000002636)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000007241 | Initial Class |  |
| C000007242 | Service Class |  |

## Nport-Ex

HYS-Q1

![](imgef7ff4181.gif)

**Quarterly Report**

March 31, 2026

MFS<sup>®</sup> High Yield Portfolio

![](imge4666a262.gif)

MFS<sup>®</sup> Variable Insurance Trust II

------

**Portfolio of Investments**

3/31/26 (unaudited)

The Portfolio of Investments is a complete list of all securities owned by your fund. It is categorized by broad-based asset classes.

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

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – 96.9%  | Bonds – 96.9%  | Bonds – 96.9%  |
| Aerospace & Defense – 3.3% | Aerospace & Defense – 3.3% | Aerospace & Defense – 3.3% |
| Axon Enterprise, Inc., 6.125%, 3/15/2030 (n) | $721000 | &nbsp;&nbsp;&nbsp; $732930 |
| Axon Enterprise, Inc., 6.25%, 3/15/2033 (n) | 255000 | &nbsp;&nbsp;&nbsp; 260290 |
| Bombardier, Inc., 7.5%, 2/01/2029 (n) | 236000 | &nbsp;&nbsp;&nbsp; 245043 |
| Bombardier, Inc., 8.75%, 11/15/2030 (n) | 118000 | &nbsp;&nbsp;&nbsp; 125498 |
| Bombardier, Inc., 7.25%, 7/01/2031 (n) | 444000 | &nbsp;&nbsp;&nbsp; 465275 |
| Bombardier, Inc., 7%, 6/01/2032 (n) | 235000 | &nbsp;&nbsp;&nbsp; 243893 |
| Bombardier, Inc., 6.75%, 6/15/2033 (n) | 536000 | &nbsp;&nbsp;&nbsp; 553532 |
| MOOG, Inc., 5.5%, 10/15/2034 (n) | 495000 | &nbsp;&nbsp;&nbsp; 496555 |
| TransDigm, Inc., 6.75%, 8/15/2028 (n) | 354000 | &nbsp;&nbsp;&nbsp; 358298 |
| TransDigm, Inc., 6.375%, 3/01/2029 (n) | 352000 | &nbsp;&nbsp;&nbsp; 358569 |
| TransDigm, Inc., 6.875%, 12/15/2030 (n) | 1264000 | &nbsp;&nbsp;&nbsp; 1295155 |
| TransDigm, Inc., 6.375%, 5/31/2033 (n) | 1274000 | &nbsp;&nbsp;&nbsp; 1267207 |
| TransDigm, Inc., 6.125%, 7/31/2034 (n) | 612000 | &nbsp;&nbsp;&nbsp; 601928 |
|  |  | &nbsp;&nbsp;&nbsp; $7004173 |
| Airlines – 0.1% | Airlines – 0.1% | Airlines – 0.1% |
| JetBlue Airways Corp., 9.875%, 9/20/2031 (n)  | $155000 | &nbsp;&nbsp;&nbsp; $146484 |
| Asset-Backed & Securitized – 0.0% | Asset-Backed & Securitized – 0.0% | Asset-Backed & Securitized – 0.0% |
| COBALT CMBS Commercial Mortgage Trust, 2006-2A, "F", CDO, FLR, 1.619% ((SOFR - 3mo. + 0.26161%) + 1.3% Cash or <br> PIK), 4/26/2050 (a)(n)(p)<br>| $1621840 | &nbsp;&nbsp;&nbsp; $162 |
| Auto & Auto Components – 2.8% | Auto & Auto Components – 2.8% | Auto & Auto Components – 2.8% |
| Allison Transmission, Inc., 3.75%, 1/30/2031 (n) | $1214000 | &nbsp;&nbsp;&nbsp; $1130028 |
| Allison Transmission, Inc., 5.875%, 12/01/2033 (n) | 168000 | &nbsp;&nbsp;&nbsp; 166970 |
| American Axle & Manufacturing, Inc., 6.375%, 10/15/2032 (n) | 319000 | &nbsp;&nbsp;&nbsp; 315728 |
| American Axle & Manufacturing, Inc., 7.75%, 10/15/2033 (n) | 572000 | &nbsp;&nbsp;&nbsp; 556841 |
| Clarios Global LP/Clarios US Finance Co., 6.75%, 2/15/2030 (n) | 352000 | &nbsp;&nbsp;&nbsp; 359920 |
| Clarios Global LP/Clarios US Finance Co., 4.75%, 6/15/2031 (n) | 372000 | &nbsp;&nbsp;&nbsp; 422180 |
| Clarios Global LP/Clarios US Finance Co., 6.75%, 9/15/2032 (n) | $193000 | &nbsp;&nbsp;&nbsp; 194544 |
| Cyprium Corp. / Cyprium Holdings Co., 6.375%, 4/15/2034 (n) | 434000 | &nbsp;&nbsp;&nbsp; 421259 |
| Dealer Tire LLC/DT Issuer LLC, 8%, 2/01/2028 (n) | 631000 | &nbsp;&nbsp;&nbsp; 613615 |
| J.B. Poindexter & Co., Inc., 8.75%, 12/15/2031 (n) | 378000 | &nbsp;&nbsp;&nbsp; 383129 |
| New Flyer Holdings, Inc., 9.25%, 7/01/2030 (n) | 705000 | &nbsp;&nbsp;&nbsp; 753533 |
| Wabash National Corp., 4.5%, 10/15/2028 (n) | 739000 | &nbsp;&nbsp;&nbsp; 647443 |
|  |  | &nbsp;&nbsp;&nbsp; $5965190 |
| Brokerage & Asset Managers – 1.9% | Brokerage & Asset Managers – 1.9% | Brokerage & Asset Managers – 1.9% |
| Aretec Escrow Issuer 2, Inc., 10%, 8/15/2030 (n) | $463000 | &nbsp;&nbsp;&nbsp; $491782 |
| Aretec Escrow Issuer, Inc., 7.5%, 4/01/2029 (n) | 320000 | &nbsp;&nbsp;&nbsp; 316975 |
| Hightower Holding LLC, 6.75%, 4/15/2029 (n) | 504000 | &nbsp;&nbsp;&nbsp; 492735 |
| Hightower Holding LLC, 9.125%, 1/31/2030 (n) | 307000 | &nbsp;&nbsp;&nbsp; 313052 |
| Jane Street Group/JSG Finance, Inc., 6.125%, 11/01/2032 (n) | 1544000 | &nbsp;&nbsp;&nbsp; 1526844 |
| Osaic Holdings, Inc., 8%, 8/01/2033 (n) | 931000 | &nbsp;&nbsp;&nbsp; 919086 |
|  |  | &nbsp;&nbsp;&nbsp; $4060474 |
| Building – 3.0% | Building – 3.0% | Building – 3.0% |
| AmeriTex Holdco Intermediate LLC, 7.625%, 8/15/2033 (n) | $705000 | &nbsp;&nbsp;&nbsp; $727734 |
| Cornerstone Building Brands, Inc., 9.5%, 8/15/2029 (n) | 297000 | &nbsp;&nbsp;&nbsp; 175647 |
| Knife River Corp., 7.75%, 5/01/2031 (n) | 493000 | &nbsp;&nbsp;&nbsp; 510385 |
| LBM Acquisition LLC, 6.25%, 1/15/2029 (n) | 383000 | &nbsp;&nbsp;&nbsp; 279884 |
| LBM Acquisition LLC, 9.5%, 6/15/2031 (n) | 583000 | &nbsp;&nbsp;&nbsp; 507470 |
| Miter Brands Acquisition Holdco, Inc., 6.75%, 4/01/2032 (n) | 220000 | &nbsp;&nbsp;&nbsp; 210706 |
| MIWD Holdco II LLC/MIWD Finance Co., 5.5%, 2/01/2030 (n) | 640000 | &nbsp;&nbsp;&nbsp; 552785 |
| New Enterprise Stone & Lime Co., Inc., 9.75%, 7/15/2028 (n) | 270000 | &nbsp;&nbsp;&nbsp; 269727 |
| Patrick Industries, Inc., 6.375%, 11/01/2032 (n) | 914000 | &nbsp;&nbsp;&nbsp; 913941 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Building – continued | Building – continued | Building – continued |
| Quikrete Holdings, Inc., 6.375%, 3/01/2032 (n) | $1473000 | &nbsp;&nbsp;&nbsp; $1493626 |
| White Cap Supply Holding Co., 7.375%, 11/15/2030 (n) | 742000 | &nbsp;&nbsp;&nbsp; 719735 |
|  |  | &nbsp;&nbsp;&nbsp; $6361640 |
| Business Services – 3.3% | Business Services – 3.3% | Business Services – 3.3% |
| ams-OSRAM AG, 10.5%, 3/30/2029  | 344000 | &nbsp;&nbsp;&nbsp; $416283 |
| athenahealth, Inc., 6.5%, 2/15/2030 (n) | $775000 | &nbsp;&nbsp;&nbsp; 727433 |
| Black Pearl Compute LLC, 6.125%, 2/15/2031 (n) | 857000 | &nbsp;&nbsp;&nbsp; 872252 |
| CACI International, Inc., 6.375%, 6/15/2033 (n) | 1148000 | &nbsp;&nbsp;&nbsp; 1168579 |
| ION Platform Finance US, Inc., 7.875%, 9/30/2032 (n) | 640000 | &nbsp;&nbsp;&nbsp; 495377 |
| Iron Mountain, Inc., 5.625%, 7/15/2032 (n) | 835000 | &nbsp;&nbsp;&nbsp; 810594 |
| Iron Mountain, Inc., 6.25%, 1/15/2033 (n) | 620000 | &nbsp;&nbsp;&nbsp; 618017 |
| SV RNO Property Owner 1 LLC, 5.875%, 3/01/2031 (n) | 934000 | &nbsp;&nbsp;&nbsp; 923252 |
| Wulf Compute LLC, 7.75%, 10/15/2030 (n) | 952000 | &nbsp;&nbsp;&nbsp; 1005959 |
|  |  | &nbsp;&nbsp;&nbsp; $7037746 |
| Cable TV – 4.4% | Cable TV – 4.4% | Cable TV – 4.4% |
| Cable One, Inc., 4%, 11/15/2030 (n) | $522000 | &nbsp;&nbsp;&nbsp; $363400 |
| CCO Holdings LLC/CCO Holdings Capital Corp., 4.75%, 3/01/2030 (n) | 2007000 | &nbsp;&nbsp;&nbsp; 1904390 |
| CCO Holdings LLC/CCO Holdings Capital Corp., 4.5%, 8/15/2030 (n) | 1419000 | &nbsp;&nbsp;&nbsp; 1326025 |
| CCO Holdings LLC/CCO Holdings Capital Corp., 4.5%, 5/01/2032  | 305000 | &nbsp;&nbsp;&nbsp; 272447 |
| CSC Holdings LLC, 5.375%, 2/01/2028 (n) | 900000 | &nbsp;&nbsp;&nbsp; 665596 |
| CSC Holdings LLC, 5.75%, 1/15/2030 (n) | 495000 | &nbsp;&nbsp;&nbsp; 187893 |
| CSC Holdings LLC, 4.125%, 12/01/2030 (n) | 400000 | &nbsp;&nbsp;&nbsp; 240035 |
| DIRECTV Financing LLC, 8.875%, 2/01/2030 (n) | 240000 | &nbsp;&nbsp;&nbsp; 238882 |
| DIRECTV Holdings LLC/DIRECTV Financing Co., Inc., 10%, 2/15/2031 (n) | 203000 | &nbsp;&nbsp;&nbsp; 207228 |
| DISH DBS Corp., 5.125%, 6/01/2029  | 661000 | &nbsp;&nbsp;&nbsp; 590684 |
| DISH Network Corp., 11.75%, 11/15/2027 (n) | 545000 | &nbsp;&nbsp;&nbsp; 561484 |
| EchoStar Corp., 10.75%, 11/30/2029  | 685723 | &nbsp;&nbsp;&nbsp; 740753 |
| EchoStar Corp., 6.75% (6.75% Cash or 6.75% PIK) to 5/30/2027, 6.75% Cash to 11/30/2030 (p) | 573287 | &nbsp;&nbsp;&nbsp; 578881 |
| Virgin Media Finance PLC, 5%, 7/15/2030 (n) | 627000 | &nbsp;&nbsp;&nbsp; 513764 |
| Ziggo Bond Finance B.V., 5.125%, 2/28/2030 (n) | 1116000 | &nbsp;&nbsp;&nbsp; 957623 |
|  |  | &nbsp;&nbsp;&nbsp; $9349085 |
| Chemicals – 2.8% | Chemicals – 2.8% | Chemicals – 2.8% |
| Cerdia Finanz GmbH, 9.375%, 10/03/2031 (n) | $533000 | &nbsp;&nbsp;&nbsp; $527952 |
| Chemours Co., 4.625%, 11/15/2029 (n) | 962000 | &nbsp;&nbsp;&nbsp; 902121 |
| FMC Corp., 8.45% to 11/01/2030, FLR (CMT - 5yr. + 4.366%) to 11/01/2055  | 312000 | &nbsp;&nbsp;&nbsp; 200884 |
| Maxam Prill S.à r.l., 6%, 7/15/2030 (n) | 677000 | &nbsp;&nbsp;&nbsp; 773320 |
| Qnity Electronics, Inc., 5.75%, 8/15/2032 (n) | $570000 | &nbsp;&nbsp;&nbsp; 570679 |
| Qnity Electronics, Inc., 6.25%, 8/15/2033 (n) | 432000 | &nbsp;&nbsp;&nbsp; 436811 |
| SCIH Salt Holdings, Inc., 6.625%, 5/01/2029 (n) | 860000 | &nbsp;&nbsp;&nbsp; 855700 |
| SNF Group SACA, 3.375%, 3/15/2030 (n) | 841000 | &nbsp;&nbsp;&nbsp; 777801 |
| W.R. Grace Holdings LLC, 7%, 8/01/2033 (n) | 872000 | &nbsp;&nbsp;&nbsp; 846865 |
|  |  | &nbsp;&nbsp;&nbsp; $5892133 |
| Conglomerates – 1.5% | Conglomerates – 1.5% | Conglomerates – 1.5% |
| Amsted Industries, Inc., 6.375%, 3/15/2033 (n) | $510000 | &nbsp;&nbsp;&nbsp; $512524 |
| Columbia Pipelines Holdings Co. LLC, 7.125%, 2/01/2033 (n) | 561000 | &nbsp;&nbsp;&nbsp; 560742 |
| CompoSecure Holdings LLC, 5.625%, 2/01/2033 (n) | 564000 | &nbsp;&nbsp;&nbsp; 551000 |
| Emerald Debt Merger, 6.625%, 12/15/2030 (n) | 721000 | &nbsp;&nbsp;&nbsp; 733300 |
| ESAB Corp., 5.625%, 4/01/2031 (n) | 740000 | &nbsp;&nbsp;&nbsp; 745187 |
|  |  | &nbsp;&nbsp;&nbsp; $3102753 |
| Construction – 1.2% | Construction – 1.2% | Construction – 1.2% |
| Empire Communities Corp., 9.75%, 5/01/2029 (n) | $631000 | &nbsp;&nbsp;&nbsp; $633583 |
| Mattamy Group Corp., 4.625%, 3/01/2030 (n) | 390000 | &nbsp;&nbsp;&nbsp; 370793 |
| Mattamy Group Corp., 6%, 12/15/2033 (n) | 465000 | &nbsp;&nbsp;&nbsp; 436660 |
| New Home Co., 8.5%, 11/01/2030 (n) | 660000 | &nbsp;&nbsp;&nbsp; 645362 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Construction – continued | Construction – continued | Construction – continued |
| Weekley Homes LLC/Weekley Finance Corp., 4.875%, 9/15/2028 (n) | $589000 | &nbsp;&nbsp;&nbsp; $570346 |
|  |  | &nbsp;&nbsp;&nbsp; $2656744 |
| Consumer Products – 2.3% | Consumer Products – 2.3% | Consumer Products – 2.3% |
| Acushnet Co., 5.625%, 12/01/2033 (n) | $794000 | &nbsp;&nbsp;&nbsp; $787856 |
| CD&R Smokey Buyer, Inc./Radio Systems Corp., 9.5%, 10/15/2029 (n) | 584000 | &nbsp;&nbsp;&nbsp; 496760 |
| Champ Acquisition Corp., 8.375%, 12/01/2031 (n) | 606000 | &nbsp;&nbsp;&nbsp; 635166 |
| Energizer Holdings, Inc., 4.375%, 3/31/2029 (n) | 530000 | &nbsp;&nbsp;&nbsp; 504302 |
| Energizer Holdings, Inc., 6%, 9/15/2033 (n) | 246000 | &nbsp;&nbsp;&nbsp; 230387 |
| MajorDrive Holdings IV LLC, 6.375%, 6/01/2029 (n) | 291000 | &nbsp;&nbsp;&nbsp; 215242 |
| Newell Brands, Inc., 6.375%, 5/15/2030  | 695000 | &nbsp;&nbsp;&nbsp; 667141 |
| Newell Brands, Inc., 6.625%, 5/15/2032  | 215000 | &nbsp;&nbsp;&nbsp; 205752 |
| Prestige Consumer Healthcare, Inc., 5.125%, 1/15/2028 (n) | 573000 | &nbsp;&nbsp;&nbsp; 571767 |
| Prestige Consumer Healthcare, Inc., 3.75%, 4/01/2031 (n) | 595000 | &nbsp;&nbsp;&nbsp; 545383 |
|  |  | &nbsp;&nbsp;&nbsp; $4859756 |
| Consumer Services – 2.6% | Consumer Services – 2.6% | Consumer Services – 2.6% |
| Allied Universal Holdco LLC, 6.875%, 6/15/2030 (n) | $315000 | &nbsp;&nbsp;&nbsp; $319310 |
| Allied Universal Holdco LLC, 7.875%, 2/15/2031 (n) | 621000 | &nbsp;&nbsp;&nbsp; 640384 |
| Arches Buyer, Inc., 6.125%, 12/01/2028 (n) | 651000 | &nbsp;&nbsp;&nbsp; 623468 |
| Garda World Security Corp., 6.5%, 1/15/2031 (n) | 322000 | &nbsp;&nbsp;&nbsp; 326462 |
| Garda World Security Corp., 8.375%, 11/15/2032 (n) | 792000 | &nbsp;&nbsp;&nbsp; 792538 |
| Raven Acquisition Holdings LLC, 6.875%, 11/15/2031 (n) | 859000 | &nbsp;&nbsp;&nbsp; 828125 |
| Service Corp. International, 5.75%, 10/15/2032  | 1345000 | &nbsp;&nbsp;&nbsp; 1342412 |
| TriNet Group, Inc., 3.5%, 3/01/2029 (n) | 595000 | &nbsp;&nbsp;&nbsp; 539357 |
| TriNet Group, Inc., 7.125%, 8/15/2031 (n) | 245000 | &nbsp;&nbsp;&nbsp; 237749 |
|  |  | &nbsp;&nbsp;&nbsp; $5649805 |
| Containers – 1.2% | Containers – 1.2% | Containers – 1.2% |
| Ball Corp., 6%, 6/15/2029  | $510000 | &nbsp;&nbsp;&nbsp; $517331 |
| Ball Corp., 2.875%, 8/15/2030  | 1035000 | &nbsp;&nbsp;&nbsp; 942033 |
| Clydesdale Acquisition Holdings, Inc., 8.75%, 4/15/2030 (n) | 758000 | &nbsp;&nbsp;&nbsp; 707270 |
| Crown Americas LLC, 5.875%, 6/01/2033  | 311000 | &nbsp;&nbsp;&nbsp; 310857 |
|  |  | &nbsp;&nbsp;&nbsp; $2477491 |
| Diversified Financial Services – 6.7% | Diversified Financial Services – 6.7% | Diversified Financial Services – 6.7% |
| Azorra Finance Ltd., 7.75%, 4/15/2030 (n) | $946000 | &nbsp;&nbsp;&nbsp; $974353 |
| Azorra Finance Ltd., 7.25%, 1/15/2031 (n) | 272000 | &nbsp;&nbsp;&nbsp; 274636 |
| Credit Acceptance Corp., 9.25%, 12/15/2028 (n) | 335000 | &nbsp;&nbsp;&nbsp; 347122 |
| Credit Acceptance Corp., 6.625%, 3/15/2030 (n) | 537000 | &nbsp;&nbsp;&nbsp; 524461 |
| CrossCountry Intermediate HoldCo LLC, 6.5%, 10/01/2030 (n) | 445000 | &nbsp;&nbsp;&nbsp; 424147 |
| CrossCountry Intermediate HoldCo LLC, 6.75%, 12/01/2032 (n) | 252000 | &nbsp;&nbsp;&nbsp; 237119 |
| Freedom Mortgage Holdings LLC, 9.25%, 2/01/2029 (n) | 591000 | &nbsp;&nbsp;&nbsp; 599032 |
| Freedom Mortgage Holdings LLC, 6.875%, 5/01/2031 (n) | 318000 | &nbsp;&nbsp;&nbsp; 297301 |
| Freedom Mortgage Holdings LLC, 9.125%, 5/15/2031 (n) | 262000 | &nbsp;&nbsp;&nbsp; 266323 |
| FTAI Aviation Ltd., 5.5%, 5/01/2028 (n) | 788000 | &nbsp;&nbsp;&nbsp; 787722 |
| FTAI Aviation Ltd., 7.875%, 12/01/2030 (n) | 429000 | &nbsp;&nbsp;&nbsp; 447960 |
| Global Aircraft Leasing Co. Ltd., 8.75%, 9/01/2027 (n) | 640000 | &nbsp;&nbsp;&nbsp; 649306 |
| Icahn Enterprises LP/Icahn Enterprises Finance Corp., 9.75%, 1/15/2029  | 638000 | &nbsp;&nbsp;&nbsp; 627251 |
| Icahn Enterprises LP/Ichan Enterprises Finance Corp., 10%, 11/15/2029 (n) | 264000 | &nbsp;&nbsp;&nbsp; 260079 |
| Jefferson Capital Holdings LLC, 8.25%, 5/15/2030 (n) | 520000 | &nbsp;&nbsp;&nbsp; 541176 |
| Navient Corp., 9.375%, 7/25/2030  | 309000 | &nbsp;&nbsp;&nbsp; 301227 |
| OneMain Finance Corp., 6.625%, 5/15/2029  | 675000 | &nbsp;&nbsp;&nbsp; 675655 |
| OneMain Finance Corp., 5.375%, 11/15/2029  | 388000 | &nbsp;&nbsp;&nbsp; 374153 |
| OneMain Finance Corp., 7.5%, 5/15/2031  | 391000 | &nbsp;&nbsp;&nbsp; 393088 |
| OneMain Finance Corp., 6.75%, 9/15/2033  | 437000 | &nbsp;&nbsp;&nbsp; 419019 |
| PennyMac Financial Services, Inc., 6.875%, 2/15/2033 (n) | 1365000 | &nbsp;&nbsp;&nbsp; 1305946 |
| Phoenix Aviation Capital, 9.25%, 7/15/2030 (n) | 74000 | &nbsp;&nbsp;&nbsp; 74465 |
| Rocket Cos., Inc., 6.5%, 8/01/2029 (n) | 557000 | &nbsp;&nbsp;&nbsp; 563269 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Diversified Financial Services – continued | Diversified Financial Services – continued | Diversified Financial Services – continued |
| Rocket Cos., Inc., 6.125%, 8/01/2030 (n) | $447000 | &nbsp;&nbsp;&nbsp; $451124 |
| Rocket Cos., Inc., 6.375%, 8/01/2033 (n) | 1059000 | &nbsp;&nbsp;&nbsp; 1070378 |
| Rocket Cos., Inc., 4%, 10/15/2033 (n) | 211000 | &nbsp;&nbsp;&nbsp; 189133 |
| TrueNoord Capital DAC, 8.75%, 3/01/2030 (n) | 507000 | &nbsp;&nbsp;&nbsp; 517685 |
| Walker & Dunlop, Inc., 6.625%, 4/01/2033 (n) | 671000 | &nbsp;&nbsp;&nbsp; 656024 |
|  |  | &nbsp;&nbsp;&nbsp; $14249154 |
| Energy - Independent – 4.3% | Energy - Independent – 4.3% | Energy - Independent – 4.3% |
| California Resources Corp., 7%, 1/15/2034 (n) | $555000 | &nbsp;&nbsp;&nbsp; $559530 |
| Chord Energy Corp., 6%, 10/01/2030 (n) | 192000 | &nbsp;&nbsp;&nbsp; 194548 |
| Chord Energy Corp., 6.75%, 3/15/2033 (n) | 682000 | &nbsp;&nbsp;&nbsp; 704126 |
| CNX Resources Corp., 7.25%, 3/01/2032 (n) | 779000 | &nbsp;&nbsp;&nbsp; 802725 |
| Comstock Resources, Inc., 6.75%, 3/01/2029 (n) | 860000 | &nbsp;&nbsp;&nbsp; 848848 |
| Gulfport Energy Corp., 6.75%, 9/01/2029 (n) | 821000 | &nbsp;&nbsp;&nbsp; 839653 |
| Infinity Natural Resource Co., 7.625%, 4/01/2031 (n) | 494000 | &nbsp;&nbsp;&nbsp; 496608 |
| Kraken Oil & Gas Partners LLC, 7.625%, 8/15/2029 (n) | 458000 | &nbsp;&nbsp;&nbsp; 467695 |
| Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp., 6.875%, 12/01/2032 (n) | 857000 | &nbsp;&nbsp;&nbsp; 881979 |
| Matador Resources Co., 6.5%, 4/15/2032 (n) | 254000 | &nbsp;&nbsp;&nbsp; 256766 |
| Matador Resources Co., 6%, 4/15/2034 (n) | 310000 | &nbsp;&nbsp;&nbsp; 308040 |
| Permian Resources Operating LLC, 5.875%, 7/01/2029 (n) | 523000 | &nbsp;&nbsp;&nbsp; 523597 |
| Permian Resources Operating LLC, 7%, 1/15/2032 (n) | 494000 | &nbsp;&nbsp;&nbsp; 511534 |
| Permian Resources Operating LLC, 6.25%, 2/01/2033 (n) | 215000 | &nbsp;&nbsp;&nbsp; 219007 |
| SM Energy Co., 8.625%, 11/01/2030 (n) | 236000 | &nbsp;&nbsp;&nbsp; 249000 |
| SM Energy Co., 8.75%, 7/01/2031 (n) | 548000 | &nbsp;&nbsp;&nbsp; 572820 |
| SM Energy Co., 6.625%, 4/15/2034 (n) | 302000 | &nbsp;&nbsp;&nbsp; 301147 |
| Wildfire Intermediate Holdings LLC, 7.5%, 10/15/2029 (n) | 527000 | &nbsp;&nbsp;&nbsp; 533992 |
|  |  | &nbsp;&nbsp;&nbsp; $9271615 |
| Entertainment & Leisure – 1.9% | Entertainment & Leisure – 1.9% | Entertainment & Leisure – 1.9% |
| Life Time, Inc., 6%, 11/15/2031 (n) | $506000 | &nbsp;&nbsp;&nbsp; $510009 |
| Lindblad Expeditions Holdings, Inc., 7%, 9/15/2030 (n) | 575000 | &nbsp;&nbsp;&nbsp; 587070 |
| NCL Corp. Ltd., 6.25%, 3/01/2030 (n) | 619000 | &nbsp;&nbsp;&nbsp; 614412 |
| Six Flags Entertainment Corp., 6.625%, 5/01/2032 (n) | 424000 | &nbsp;&nbsp;&nbsp; 422982 |
| Six Flags Entertainment Corp./Canada Wonderland Co., 8.625%, 1/15/2032 (n) | 639000 | &nbsp;&nbsp;&nbsp; 640031 |
| Viking Cruises Ltd. Co., 5.875%, 10/15/2033 (n) | 541000 | &nbsp;&nbsp;&nbsp; 534136 |
| Viking Ocean Cruises Ship VII Ltd., 5.625%, 2/15/2029 (n) | 808000 | &nbsp;&nbsp;&nbsp; 806779 |
|  |  | &nbsp;&nbsp;&nbsp; $4115419 |
| Food & Beverages – 2.5% | Food & Beverages – 2.5% | Food & Beverages – 2.5% |
| Fiesta Purchaser, Inc., 7.875%, 3/01/2031 (n) | $359000 | &nbsp;&nbsp;&nbsp; $365485 |
| Fiesta Purchaser, Inc., 9.625%, 9/15/2032 (n) | 448000 | &nbsp;&nbsp;&nbsp; 456275 |
| Performance Food Group Co., 6.125%, 9/15/2032 (n) | 450000 | &nbsp;&nbsp;&nbsp; 450831 |
| Performance Food Group Co., 5.625%, 3/01/2034 (n) | 490000 | &nbsp;&nbsp;&nbsp; 472601 |
| Post Holdings, Inc., 4.625%, 4/15/2030 (n) | 1275000 | &nbsp;&nbsp;&nbsp; 1224006 |
| Post Holdings, Inc., 6.25%, 10/15/2034 (n) | 524000 | &nbsp;&nbsp;&nbsp; 513104 |
| U.S. Foods Holding Corp., 4.75%, 2/15/2029 (n) | 1069000 | &nbsp;&nbsp;&nbsp; 1054787 |
| U.S. Foods Holding Corp., 5.75%, 4/15/2033 (n) | 304000 | &nbsp;&nbsp;&nbsp; 302648 |
| Viking Baked Goods Acquisition Corp., 8.625%, 11/01/2031 (n) | 559000 | &nbsp;&nbsp;&nbsp; 553139 |
|  |  | &nbsp;&nbsp;&nbsp; $5392876 |
| Forest & Paper Products – 0.3% | Forest & Paper Products – 0.3% | Forest & Paper Products – 0.3% |
| Veritiv Operating Co., 10.5%, 11/30/2030 (n)  | $613000 | &nbsp;&nbsp;&nbsp; $637059 |
| Hardware, Peripherals, & Assembly – 0.8% | Hardware, Peripherals, & Assembly – 0.8% | Hardware, Peripherals, & Assembly – 0.8% |
| SS&C Technologies Holdings, Inc., 6.5%, 6/01/2032 (n) | $494000 | &nbsp;&nbsp;&nbsp; $494017 |
| Virtusa Corp., 7.125%, 12/15/2028 (n) | 436000 | &nbsp;&nbsp;&nbsp; 335777 |
| Zebra Technologies Corp., "A", 6.5%, 6/01/2032 (n) | 819000 | &nbsp;&nbsp;&nbsp; 824582 |
|  |  | &nbsp;&nbsp;&nbsp; $1654376 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Industrial – 1.2% | Industrial – 1.2% | Industrial – 1.2% |
| AECOM, 6%, 8/01/2033 (n) | $975000 | &nbsp;&nbsp;&nbsp; $973929 |
| APi Escrow Corp., 4.75%, 10/15/2029 (n) | 1180000 | &nbsp;&nbsp;&nbsp; 1142103 |
| Brundage-Bone Concrete Pumping Holdings, Inc., 7.5%, 2/01/2032 (n) | 524000 | &nbsp;&nbsp;&nbsp; 529479 |
|  |  | &nbsp;&nbsp;&nbsp; $2645511 |
| Insurance - Health – 0.5% | Insurance - Health – 0.5% | Insurance - Health – 0.5% |
| Molina Healthcare, Inc., 6.5%, 2/15/2031 (n)  | $997000 | &nbsp;&nbsp;&nbsp; $980156 |
| Insurance - Property & Casualty – 4.2% | Insurance - Property & Casualty – 4.2% | Insurance - Property & Casualty – 4.2% |
| Acrisure LLC/Acrisure Finance, Inc., 7.5%, 11/06/2030 (n) | $229000 | &nbsp;&nbsp;&nbsp; $229702 |
| Acrisure LLC/Acrisure Finance, Inc., 6.75%, 7/01/2032 (n) | 839000 | &nbsp;&nbsp;&nbsp; 808480 |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 5.875%, 11/01/2029 (n) | 350000 | &nbsp;&nbsp;&nbsp; 338635 |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 7%, 1/15/2031 (n) | 582000 | &nbsp;&nbsp;&nbsp; 586954 |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 6.5%, 10/01/2031 (n) | 478000 | &nbsp;&nbsp;&nbsp; 469371 |
| AmWINS Group Benefits, Inc., 4.875%, 6/30/2029 (n) | 256000 | &nbsp;&nbsp;&nbsp; 245239 |
| Amynta Agency Borrower, Inc., 7.5%, 7/15/2033 (n) | 635000 | &nbsp;&nbsp;&nbsp; 602194 |
| Ardonagh Finco Ltd., 6.875%, 2/15/2031  | 237000 | &nbsp;&nbsp;&nbsp; 272047 |
| Ardonagh Finco Ltd., 7.75%, 2/15/2031 (n) | $200000 | &nbsp;&nbsp;&nbsp; 202343 |
| Asurion LLC, 8%, 12/31/2032 (n) | 703000 | &nbsp;&nbsp;&nbsp; 729326 |
| Asurion LLC, 8.375%, 2/01/2034 (n) | 737000 | &nbsp;&nbsp;&nbsp; 715526 |
| Baldwin Insurance Group Holdings LLC, 7.125%, 5/15/2031 (n) | 865000 | &nbsp;&nbsp;&nbsp; 869385 |
| Broadstreet Partners, Inc., 5.875%, 4/15/2029 (n) | 249000 | &nbsp;&nbsp;&nbsp; 242666 |
| Hub International Ltd., 5.625%, 12/01/2029 (n) | 261000 | &nbsp;&nbsp;&nbsp; 253182 |
| Hub International Ltd., 7.25%, 6/15/2030 (n) | 709000 | &nbsp;&nbsp;&nbsp; 726302 |
| Hub International Ltd., 7.375%, 1/31/2032 (n) | 348000 | &nbsp;&nbsp;&nbsp; 354947 |
| Panther Escrow Issuer, 7.125%, 6/01/2031 (n) | 1256000 | &nbsp;&nbsp;&nbsp; 1260219 |
|  |  | &nbsp;&nbsp;&nbsp; $8906518 |
| Interactive Media Services – 0.4% | Interactive Media Services – 0.4% | Interactive Media Services – 0.4% |
| Snap, Inc., 6.875%, 3/01/2033 (n) | $779000 | &nbsp;&nbsp;&nbsp; $735587 |
| Snap, Inc., 6.875%, 3/15/2034 (n) | 194000 | &nbsp;&nbsp;&nbsp; 182470 |
|  |  | &nbsp;&nbsp;&nbsp; $918057 |
| Machinery & Tools – 1.1% | Machinery & Tools – 1.1% | Machinery & Tools – 1.1% |
| Manitowoc Co., Inc., 9.25%, 10/01/2031 (n) | $540000 | &nbsp;&nbsp;&nbsp; $563910 |
| Ritchie Bros Holdings, Inc., 7.75%, 3/15/2031 (n) | 1263000 | &nbsp;&nbsp;&nbsp; 1308217 |
| Terex Corp., 6.25%, 10/15/2032 (n) | 495000 | &nbsp;&nbsp;&nbsp; 498226 |
|  |  | &nbsp;&nbsp;&nbsp; $2370353 |
| Media – 3.4% | Media – 3.4% | Media – 3.4% |
| Dotdash Meredith, Inc., 7.625%, 6/15/2032 (n) | $586000 | &nbsp;&nbsp;&nbsp; $540339 |
| Graham Holdings Co., 5.625%, 12/01/2033 (n) | 704000 | &nbsp;&nbsp;&nbsp; 689656 |
| Gray Media, Inc., 4.75%, 10/15/2030 (n) | 248000 | &nbsp;&nbsp;&nbsp; 191351 |
| Gray Media, Inc., 9.625%, 7/15/2032 (n) | 517000 | &nbsp;&nbsp;&nbsp; 516967 |
| Gray Media, Inc., 7.25%, 8/15/2033 (n) | 385000 | &nbsp;&nbsp;&nbsp; 387953 |
| Nexstar Media, Inc., 6.5%, 9/15/2033 (n) | 752000 | &nbsp;&nbsp;&nbsp; 757730 |
| Nexstar Media, Inc., 7.25%, 4/15/2034 (n) | 454000 | &nbsp;&nbsp;&nbsp; 455351 |
| Scripps Escrow II, Inc., 3.875%, 1/15/2029 (n) | 286000 | &nbsp;&nbsp;&nbsp; 264534 |
| Sinclair Television Group, Inc., 8.125%, 2/15/2033 (n) | 697000 | &nbsp;&nbsp;&nbsp; 708546 |
| Stagwell Global LLC, 5.625%, 8/15/2029 (n) | 762000 | &nbsp;&nbsp;&nbsp; 725464 |
| Univision Communications, Inc., 8%, 8/15/2028 (n) | 397000 | &nbsp;&nbsp;&nbsp; 402952 |
| Univision Communications, Inc., 8.5%, 7/31/2031 (n) | 861000 | &nbsp;&nbsp;&nbsp; 865202 |
| Versant Media Group, Inc., 7.25%, 1/30/2031 (n) | 383000 | &nbsp;&nbsp;&nbsp; 391963 |
| WarnerMedia Holdings, Inc., 5.05%, 3/15/2042  | 693000 | &nbsp;&nbsp;&nbsp; 456552 |
|  |  | &nbsp;&nbsp;&nbsp; $7354560 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Medical & Health Technology & Services – 4.0% | Medical & Health Technology & Services – 4.0% | Medical & Health Technology & Services – 4.0% |
| Acadia Healthcare Co., Inc., 7.375%, 3/15/2033 (n) | $649000 | &nbsp;&nbsp;&nbsp; $664462 |
| Bausch & Lomb Escrow Corp., 8.375%, 10/01/2028 (n) | 599000 | &nbsp;&nbsp;&nbsp; 618468 |
| CHS/Community Health Systems, Inc., 6.125%, 4/01/2030 (n) | 733000 | &nbsp;&nbsp;&nbsp; 637318 |
| CHS/Community Health Systems, Inc., 5.25%, 5/15/2030 (n) | 1254000 | &nbsp;&nbsp;&nbsp; 1181873 |
| Concentra, Inc., 6.875%, 7/15/2032 (n) | 652000 | &nbsp;&nbsp;&nbsp; 674079 |
| Encompass Health Corp., 4.75%, 2/01/2030  | 728000 | &nbsp;&nbsp;&nbsp; 712190 |
| Encompass Health Corp., 4.625%, 4/01/2031  | 286000 | &nbsp;&nbsp;&nbsp; 276081 |
| IQVIA, Inc., 5%, 5/15/2027 (n) | 485000 | &nbsp;&nbsp;&nbsp; 483166 |
| IQVIA, Inc., 6.5%, 5/15/2030 (n) | 722000 | &nbsp;&nbsp;&nbsp; 737104 |
| IQVIA, Inc., 6.25%, 6/01/2032 (n) | 363000 | &nbsp;&nbsp;&nbsp; 368623 |
| Prime Healthcare Services, Inc., 9.375%, 9/01/2029 (n) | 508000 | &nbsp;&nbsp;&nbsp; 526796 |
| Star Parent, Inc., 9%, 10/01/2030 (n) | 373000 | &nbsp;&nbsp;&nbsp; 386428 |
| Surgery Center Holdings, Inc., 7.25%, 4/15/2032 (n) | 758000 | &nbsp;&nbsp;&nbsp; 744487 |
| U.S. Acute Care Solutions LLC, 9.75%, 5/15/2029 (n) | 484000 | &nbsp;&nbsp;&nbsp; 467568 |
|  |  | &nbsp;&nbsp;&nbsp; $8478643 |
| Medical Equipment – 1.1% | Medical Equipment – 1.1% | Medical Equipment – 1.1% |
| Insulet Corp., 6.5%, 4/01/2033 (n) | $790000 | &nbsp;&nbsp;&nbsp; $806355 |
| Medline Borrower LP, 5.25%, 10/01/2029 (n) | 890000 | &nbsp;&nbsp;&nbsp; 882162 |
| Medline Borrower LP/Medline Co-Issuer, Inc., 6.25%, 4/01/2029 (n) | 687000 | &nbsp;&nbsp;&nbsp; 700041 |
|  |  | &nbsp;&nbsp;&nbsp; $2388558 |
| Metals & Mining – 3.1% | Metals & Mining – 3.1% | Metals & Mining – 3.1% |
| Baffinland Iron Mines Corp./Baffinland Iron Mines LP, 8.75%, 7/15/2026 (n) | $749000 | &nbsp;&nbsp;&nbsp; $663179 |
| Eldorado Gold Corp., 6.25%, 9/01/2029 (n) | 729000 | &nbsp;&nbsp;&nbsp; 725020 |
| First Quantum Minerals Ltd., 8%, 3/01/2033 (n) | 465000 | &nbsp;&nbsp;&nbsp; 484694 |
| FMG Resources (August 2006) Pty Ltd., 4.375%, 4/01/2031 (n) | 1234000 | &nbsp;&nbsp;&nbsp; 1165938 |
| IAMGOLD Corp., 5.75%, 10/15/2028 (n) | 678000 | &nbsp;&nbsp;&nbsp; 674700 |
| Mineral Resources Ltd., 9.25%, 10/01/2028 (n) | 918000 | &nbsp;&nbsp;&nbsp; 951160 |
| Mineral Resources Ltd., 7%, 4/01/2031 (n) | 191000 | &nbsp;&nbsp;&nbsp; 195187 |
| New Gold, Inc., 6.875%, 4/01/2032 (n) | 530000 | &nbsp;&nbsp;&nbsp; 547786 |
| Petra Diamonds US$ Treasury PLC, 9.75%, 3/08/2030 (a)(z) | 357212 | &nbsp;&nbsp;&nbsp; 204921 |
| SunCoke Energy, Inc., 4.875%, 6/30/2029 (n) | 248000 | &nbsp;&nbsp;&nbsp; 223786 |
| Taseko Mines Ltd., 8.25%, 5/01/2030 (n) | 673000 | &nbsp;&nbsp;&nbsp; 701643 |
|  |  | &nbsp;&nbsp;&nbsp; $6538014 |
| Midstream – 6.6% | Midstream – 6.6% | Midstream – 6.6% |
| Antero Midstream Corp., 5.75%, 7/01/2034 (n) | $1281000 | &nbsp;&nbsp;&nbsp; $1262338 |
| Delek Logistics Partners LP/Delek Logistics Corp., 8.625%, 3/15/2029 (n) | 758000 | &nbsp;&nbsp;&nbsp; 784355 |
| Delek Logistics Partners LP/Delek Logistics Corp., 7.375%, 6/30/2033 (n) | 355000 | &nbsp;&nbsp;&nbsp; 357935 |
| Genesis Energy LP/Genesis Energy Finance Corp., 8.25%, 1/15/2029  | 658000 | &nbsp;&nbsp;&nbsp; 679909 |
| Genesis Energy LP/Genesis Energy Finance Corp., 6.75%, 3/15/2034  | 359000 | &nbsp;&nbsp;&nbsp; 357304 |
| ITT Holdings LLC, 6.5%, 8/01/2029 (n) | 186000 | &nbsp;&nbsp;&nbsp; 180855 |
| NuStar Logistics LP, 6.375%, 10/01/2030  | 774000 | &nbsp;&nbsp;&nbsp; 800314 |
| Prairie Acquiror LP, 9%, 8/01/2029 (n) | 604000 | &nbsp;&nbsp;&nbsp; 623923 |
| Rockies Express Pipeline LLC, 6.75%, 3/15/2033 (n) | 347000 | &nbsp;&nbsp;&nbsp; 357198 |
| Rockies Express Pipeline LLC, 6.875%, 4/15/2040 (n) | 680000 | &nbsp;&nbsp;&nbsp; 676917 |
| Sunoco LP, 4.625%, 5/01/2030 (n) | 708000 | &nbsp;&nbsp;&nbsp; 681357 |
| Sunoco LP, 7.25%, 5/01/2032 (n) | 930000 | &nbsp;&nbsp;&nbsp; 962242 |
| Sunoco LP, 6.625%, 8/15/2032 (n) | 318000 | &nbsp;&nbsp;&nbsp; 322982 |
| Tallgrass Energy Partners LP, 5.5%, 1/15/2028 (n) | 1039000 | &nbsp;&nbsp;&nbsp; 1030211 |
| Tallgrass Energy Partners LP, 7.375%, 2/15/2029 (n) | 305000 | &nbsp;&nbsp;&nbsp; 313765 |
| Tallgrass Energy Partners LP, 6.75%, 3/15/2034 (n) | 165000 | &nbsp;&nbsp;&nbsp; 165826 |
| TransMontaigne Partners LLC, 8.5%, 6/15/2030 (n) | 458000 | &nbsp;&nbsp;&nbsp; 463011 |
| Venture Global LNG, Inc., 8.125%, 6/01/2028 (n) | 312000 | &nbsp;&nbsp;&nbsp; 319089 |
| Venture Global LNG, Inc., 9.5%, 2/01/2029 (n) | 540000 | &nbsp;&nbsp;&nbsp; 583899 |
| Venture Global LNG, Inc., 8.375%, 6/01/2031 (n) | 655000 | &nbsp;&nbsp;&nbsp; 681184 |
| Venture Global LNG, Inc., 9% to 9/30/2029, FLR (CMT - 5yr. + 5.44%) to 3/30/2173 (n) | 935000 | &nbsp;&nbsp;&nbsp; 931303 |
| Venture Global Plaquemines LNG LLC, 7.5%, 5/01/2033 (n) | 231000 | &nbsp;&nbsp;&nbsp; 253916 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Midstream – continued | Midstream – continued | Midstream – continued |
| Venture Global Plaquemines LNG LLC, 6.5%, 1/15/2034 (n) | $613000 | &nbsp;&nbsp;&nbsp; $639018 |
| Venture Global Plaquemines LNG LLC, 6.75%, 1/15/2036 (n) | 613000 | &nbsp;&nbsp;&nbsp; 649260 |
|  |  | &nbsp;&nbsp;&nbsp; $14078111 |
| Network & Telecom – 1.1% | Network & Telecom – 1.1% | Network & Telecom – 1.1% |
| Altice Financing S.A., 5.75%, 8/15/2029 (n) | $325000 | &nbsp;&nbsp;&nbsp; $227521 |
| Frontier Communications Holdings LLC, 6.75%, 5/01/2029 (n) | 342000 | &nbsp;&nbsp;&nbsp; 342428 |
| Iliad Holding S.A.S., 7%, 10/15/2028 (n) | 827000 | &nbsp;&nbsp;&nbsp; 832337 |
| Iliad Holding S.A.S., 5.375%, 4/15/2030 (n) | 165000 | &nbsp;&nbsp;&nbsp; 192952 |
| Iliad Holding S.A.S., 6.875%, 4/15/2031 (n) | 334000 | &nbsp;&nbsp;&nbsp; 402187 |
| Windstream Services LLC/Windstream Escrow, 8.25%, 10/01/2031 (n) | $273000 | &nbsp;&nbsp;&nbsp; 285328 |
|  |  | &nbsp;&nbsp;&nbsp; $2282753 |
| Oil Services – 1.1% | Oil Services – 1.1% | Oil Services – 1.1% |
| Nabors Industries, Inc., 8.875%, 8/15/2031 (n) | $647000 | &nbsp;&nbsp;&nbsp; $674030 |
| U.S.A. Compression Partners LP/Finance Co., 7.125%, 3/15/2029 (n) | 972000 | &nbsp;&nbsp;&nbsp; 994527 |
| Valaris Ltd., 8.375%, 4/30/2030 (n) | 615000 | &nbsp;&nbsp;&nbsp; 637257 |
|  |  | &nbsp;&nbsp;&nbsp; $2305814 |
| Pharmaceuticals & Biotechnology – 1.2% | Pharmaceuticals & Biotechnology – 1.2% | Pharmaceuticals & Biotechnology – 1.2% |
| 1261229 B.C. Ltd., 10%, 4/15/2032 (n) | $1048000 | &nbsp;&nbsp;&nbsp; $1072989 |
| Bausch Health Co., Inc., 4.875%, 6/01/2028 (n) | 158000 | &nbsp;&nbsp;&nbsp; 144682 |
| Bausch Health Co., Inc., 5.25%, 1/30/2030 (n) | 304000 | &nbsp;&nbsp;&nbsp; 196080 |
| Genmab A.S., 6.25%, 12/15/2032 (n) | 635000 | &nbsp;&nbsp;&nbsp; 651022 |
| Grifols S.A., 7.125%, 5/01/2030  | 427000 | &nbsp;&nbsp;&nbsp; 510176 |
|  |  | &nbsp;&nbsp;&nbsp; $2574949 |
| Pollution Control – 1.1% | Pollution Control – 1.1% | Pollution Control – 1.1% |
| Clean Harbors, Inc., 5.75%, 10/15/2033 (n) | $947000 | &nbsp;&nbsp;&nbsp; $944680 |
| GFL Environmental, Inc., 4%, 8/01/2028 (n) | 641000 | &nbsp;&nbsp;&nbsp; 623130 |
| GFL Environmental, Inc., 6.75%, 1/15/2031 (n) | 358000 | &nbsp;&nbsp;&nbsp; 370468 |
| Wrangler Holdco Corp., 6.625%, 4/01/2032 (n) | 323000 | &nbsp;&nbsp;&nbsp; 332587 |
|  |  | &nbsp;&nbsp;&nbsp; $2270865 |
| Real Estate - Healthcare – 0.3% | Real Estate - Healthcare – 0.3% | Real Estate - Healthcare – 0.3% |
| MPT Operating Partnership LP/MPT Finance Corp., REIT, 4.625%, 8/01/2029  | $285000 | &nbsp;&nbsp;&nbsp; $221596 |
| MPT Operating Partnership LP/MPT Finance Corp., REIT, 8.5%, 2/15/2032 (n) | 474000 | &nbsp;&nbsp;&nbsp; 480547 |
|  |  | &nbsp;&nbsp;&nbsp; $702143 |
| Real Estate - Other – 1.8% | Real Estate - Other – 1.8% | Real Estate - Other – 1.8% |
| Park Intermediate Holdings LLC, 4.875%, 5/15/2029 (n) | $864000 | &nbsp;&nbsp;&nbsp; $829350 |
| RHP Hotel Properties LP/RHP Finance Corp., 7.25%, 7/15/2028 (n) | 1087000 | &nbsp;&nbsp;&nbsp; 1109811 |
| RHP Hotel Properties LP/RHP Finance Corp., 6.5%, 4/01/2032 (n) | 128000 | &nbsp;&nbsp;&nbsp; 130319 |
| RHP Hotel Properties LP/RHP Finance Corp., 5.75%, 3/15/2034 (n) | 319000 | &nbsp;&nbsp;&nbsp; 314806 |
| Starwood Property Trust, Inc., 5.75%, 1/15/2031 (n) | 808000 | &nbsp;&nbsp;&nbsp; 797901 |
| XHR LP, REIT, 4.875%, 6/01/2029 (n) | 775000 | &nbsp;&nbsp;&nbsp; 750779 |
|  |  | &nbsp;&nbsp;&nbsp; $3932966 |
| Refining – 0.2% | Refining – 0.2% | Refining – 0.2% |
| PBF Holding Co. LLC, 7.875%, 9/15/2030 (n)  | $432000 | &nbsp;&nbsp;&nbsp; $443626 |
| Restaurants – 1.2% | Restaurants – 1.2% | Restaurants – 1.2% |
| 1011778 B.C. ULC/New Red Finance, Inc., 6.125%, 6/15/2029 (n) | $822000 | &nbsp;&nbsp;&nbsp; $835288 |
| 1011778 B.C. ULC/New Red Finance, Inc., 5.625%, 9/15/2029 (n) | 469000 | &nbsp;&nbsp;&nbsp; 470021 |
| 1011778 B.C. ULC/New Red Finance, Inc., 4%, 10/15/2030 (n) | 627000 | &nbsp;&nbsp;&nbsp; 589333 |
| Fertitta Entertainment LLC, 6.75%, 1/15/2030 (n) | 786000 | &nbsp;&nbsp;&nbsp; 734165 |
|  |  | &nbsp;&nbsp;&nbsp; $2628807 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Retail & E-commerce – 3.2% | Retail & E-commerce – 3.2% | Retail & E-commerce – 3.2% |
| Beach Acquisition Bidco LLC, 10% (10% Cash or 10.75% PIK), 7/15/2033 (n)(p) | $894887 | &nbsp;&nbsp;&nbsp; $953070 |
| Carvana Co., 9%, 6/01/2031 (n) | 1444380 | &nbsp;&nbsp;&nbsp; 1561814 |
| Macy's Retail Holdings LLC, 5.875%, 3/15/2030 (n) | 43000 | &nbsp;&nbsp;&nbsp; 42698 |
| Macy's Retail Holdings LLC, 7.375%, 8/01/2033 (n) | 657000 | &nbsp;&nbsp;&nbsp; 673065 |
| Mavis Tire Express Services Corp., 6.5%, 5/15/2029 (n) | 539000 | &nbsp;&nbsp;&nbsp; 534782 |
| Maxeda DIY Holding B.V., 8.125%, 3/24/2031 (n) | 625 | &nbsp;&nbsp;&nbsp; 728 |
| Michaels Cos., Inc., 8.5%, 3/15/2033 (n) | $904000 | &nbsp;&nbsp;&nbsp; 880039 |
| Michaels Cos., Inc., 11%, 3/15/2034 (n) | 252000 | &nbsp;&nbsp;&nbsp; 234663 |
| Penske Automotive Group Co., 3.75%, 6/15/2029  | 732000 | &nbsp;&nbsp;&nbsp; 696459 |
| Petco Health & Wellness Co., Inc., 8.25%, 2/01/2031 (n) | 436000 | &nbsp;&nbsp;&nbsp; 435402 |
| PetSmart LLC/PetSmart Finance Corp., 7.5%, 9/15/2032 (n) | 745000 | &nbsp;&nbsp;&nbsp; 748628 |
|  |  | &nbsp;&nbsp;&nbsp; $6761348 |
| Software – 2.8% | Software – 2.8% | Software – 2.8% |
| Amentum Escrow Corp., 7.25%, 8/01/2032 (n) | $669000 | &nbsp;&nbsp;&nbsp; $692288 |
| APLD ComputeCo 2 LLC, 6.75%, 3/15/2031 (n) | 372000 | &nbsp;&nbsp;&nbsp; 369292 |
| APLD ComputeCo LLC, 9.25%, 12/15/2030 (n) | 374000 | &nbsp;&nbsp;&nbsp; 385340 |
| Cloud Software Group, Inc., 9%, 9/30/2029 (n) | 194000 | &nbsp;&nbsp;&nbsp; 187147 |
| Cloud Software Group, Inc., 8.25%, 6/30/2032 (n) | 779000 | &nbsp;&nbsp;&nbsp; 738831 |
| Cloud Software Group, Inc., 6.625%, 8/15/2033 (n) | 514000 | &nbsp;&nbsp;&nbsp; 456984 |
| CoreWeave, Inc., 9.25%, 6/01/2030 (n) | 218000 | &nbsp;&nbsp;&nbsp; 211822 |
| Fair Isaac Corp., 6%, 5/15/2033 (n) | 1111000 | &nbsp;&nbsp;&nbsp; 1090137 |
| Flash Compute LLC, 7.25%, 12/31/2030 (n) | 501000 | &nbsp;&nbsp;&nbsp; 504402 |
| Neptune Bidco U.S., Inc., 9.29%, 4/15/2029 (n) | 793000 | &nbsp;&nbsp;&nbsp; 795203 |
| Neptune Bidco U.S., Inc., 10.375%, 5/15/2031 (n) | 257000 | &nbsp;&nbsp;&nbsp; 259315 |
| Neptune Bidco U.S., Inc., 9.5%, 2/15/2033 (n) | 230000 | &nbsp;&nbsp;&nbsp; 223155 |
|  |  | &nbsp;&nbsp;&nbsp; $5913916 |
| Supermarkets – 1.0% | Supermarkets – 1.0% | Supermarkets – 1.0% |
| Albertsons Cos. LLC/Safeway, Inc., 6.25%, 3/15/2033 (n) | $1266000 | &nbsp;&nbsp;&nbsp; $1274488 |
| KeHE Distributors LLC/KeHE Finance Corp., 9%, 2/15/2029 (n) | 932000 | &nbsp;&nbsp;&nbsp; 970259 |
|  |  | &nbsp;&nbsp;&nbsp; $2244747 |
| Telecommunications - Wireless – 0.8% | Telecommunications - Wireless – 0.8% | Telecommunications - Wireless – 0.8% |
| Altice France S.A., 9.5%, 11/01/2029 (n) | $293445 | &nbsp;&nbsp;&nbsp; $296509 |
| Altice France S.A., 6.875%, 10/15/2030 (n) | 671494 | &nbsp;&nbsp;&nbsp; 642350 |
| Altice France S.A., 6.5%, 4/15/2032 (n) | 105793 | &nbsp;&nbsp;&nbsp; 100237 |
| Zegona Finance PLC, 8.625%, 7/15/2029 (n) | 657000 | &nbsp;&nbsp;&nbsp; 688239 |
|  |  | &nbsp;&nbsp;&nbsp; $1727335 |
| Telephone Services – 0.8% | Telephone Services – 0.8% | Telephone Services – 0.8% |
| Level 3 Financing, Inc., 6.875%, 6/30/2033 (n) | $345186 | &nbsp;&nbsp;&nbsp; $351510 |
| Level 3 Financing, Inc., 7%, 3/31/2034 (n) | 326902 | &nbsp;&nbsp;&nbsp; 334612 |
| Uniti Group/CSL Capital Co., 6.5%, 2/15/2029 (n) | 660000 | &nbsp;&nbsp;&nbsp; 641018 |
| Uniti Group/CSL Capital Co., 8.625%, 6/15/2032 (n) | 473000 | &nbsp;&nbsp;&nbsp; 481744 |
|  |  | &nbsp;&nbsp;&nbsp; $1808884 |
| Tobacco – 0.4% | Tobacco – 0.4% | Tobacco – 0.4% |
| Turning Point Brands, Inc., 7.625%, 3/15/2032 (n)  | $814000 | &nbsp;&nbsp;&nbsp; $833048 |
| Transportation & Logistics – 0.4% | Transportation & Logistics – 0.4% | Transportation & Logistics – 0.4% |
| RXO, Inc., 6.375%, 5/15/2031 (n) | $436000 | &nbsp;&nbsp;&nbsp; $418345 |
| XPO, Inc., 7.125%, 2/01/2032 (n) | 495000 | &nbsp;&nbsp;&nbsp; 510551 |
|  |  | &nbsp;&nbsp;&nbsp; $928896 |
| Travel, Gaming, & Lodging – 2.9% | Travel, Gaming, & Lodging – 2.9% | Travel, Gaming, & Lodging – 2.9% |
| CDI Escrow Issuer, Inc., 5.75%, 4/01/2030 (n) | $1090000 | &nbsp;&nbsp;&nbsp; $1077969 |
| Hilton Domestic Operating Co., Inc., 4.875%, 1/15/2030  | 1389000 | &nbsp;&nbsp;&nbsp; 1368025 |
| Hilton Domestic Operating Co., Inc., 3.625%, 2/15/2032 (n) | 638000 | &nbsp;&nbsp;&nbsp; 579731 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Travel, Gaming, & Lodging – continued | Travel, Gaming, & Lodging – continued | Travel, Gaming, & Lodging – continued |
| Hilton Domestic Operating Co., Inc., 5.875%, 3/15/2033 (n) | $323000 | &nbsp;&nbsp;&nbsp; $324972 |
| Rivers Enterprise Lender LLC, 6.25%, 10/15/2030 (n) | 508000 | &nbsp;&nbsp;&nbsp; 506718 |
| Wyndham Hotels & Resorts, Inc., 4.375%, 8/15/2028 (n) | 909000 | &nbsp;&nbsp;&nbsp; 888071 |
| Wyndham Hotels Group LLC, 5.625%, 3/01/2033 (n) | 342000 | &nbsp;&nbsp;&nbsp; 336520 |
| Wynn Macau Ltd., 5.625%, 8/26/2028 (n) | 860000 | &nbsp;&nbsp;&nbsp; 844639 |
| Wynn Macau Ltd., 6.75%, 2/15/2034 (n) | 273000 | &nbsp;&nbsp;&nbsp; 266427 |
|  |  | &nbsp;&nbsp;&nbsp; $6193072 |
| Utilities – 4.1% | Utilities – 4.1% | Utilities – 4.1% |
| Clearway Energy Operating LLC, 3.75%, 2/15/2031 (n) | $850000 | &nbsp;&nbsp;&nbsp; $787078 |
| Clearway Energy Operating LLC, 5.75%, 1/15/2034 (n) | 438000 | &nbsp;&nbsp;&nbsp; 430423 |
| Hawaiian Electric Co., Inc., 6%, 10/01/2033 (n) | 674000 | &nbsp;&nbsp;&nbsp; 673145 |
| NRG Energy, Inc., 5.75%, 1/15/2034 (n) | 1149000 | &nbsp;&nbsp;&nbsp; 1133402 |
| NRG Energy, Inc., 6%, 1/15/2036 (n) | 966000 | &nbsp;&nbsp;&nbsp; 957216 |
| PG&E Corp., 5.25%, 7/01/2030  | 1156000 | &nbsp;&nbsp;&nbsp; 1140732 |
| PG&E Corp., 7.375% to 3/15/2030, FLR (CMT - 5yr. + 3.883%) to 3/15/2055  | 451000 | &nbsp;&nbsp;&nbsp; 453893 |
| Talen Energy Supply LLC, 6.25%, 2/01/2034 (n) | 808000 | &nbsp;&nbsp;&nbsp; 798997 |
| Talen Energy Supply LLC, 6.5%, 2/01/2036 (n) | 318000 | &nbsp;&nbsp;&nbsp; 320204 |
| TerraForm Power Operating LLC, 5%, 1/31/2028 (n) | 791000 | &nbsp;&nbsp;&nbsp; 782279 |
| TerraForm Power Operating LLC, 4.75%, 1/15/2030 (n) | 164000 | &nbsp;&nbsp;&nbsp; 157076 |
| XPLR Infrastructure Operating Partners LP, 7.25%, 1/15/2029 (n) | 615000 | &nbsp;&nbsp;&nbsp; 632937 |
| XPLR Infrastructure Operating Partners LP, 8.375%, 1/15/2031 (n) | 331000 | &nbsp;&nbsp;&nbsp; 348444 |
| XPLR Infrastructure Operating Partners LP, 8.625%, 3/15/2033 (n) | 157000 | &nbsp;&nbsp;&nbsp; 165858 |
|  |  | &nbsp;&nbsp;&nbsp; $8781684 |
| **Total Bonds**  |  | &nbsp;&nbsp; **$206877469** |
| Common Stocks – 0.1%  | Common Stocks – 0.1%  | Common Stocks – 0.1%  |
| Metals & Mining – 0.0% | Metals & Mining – 0.0% |  |
| Petra Diamonds Ltd. (a)  | 24291 | &nbsp;&nbsp;&nbsp; $5337 |
| Oil Services – 0.1% | Oil Services – 0.1% |  |
| LTRI Holdings LP (a)(u)  | 1115 | &nbsp;&nbsp;&nbsp; $208104 |
| **Total Common Stocks**  |  | &nbsp;&nbsp; **$213441** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Strike** <br>**Price**<br>| &nbsp;&nbsp; **First** <br>**Exercise**<br>|  |  |
| Warrants – 0.0% |  |  |  |  |
| Diversified Financial Services – 0.0% | Diversified Financial Services – 0.0% | Diversified Financial Services – 0.0% | Diversified Financial Services – 0.0% | Diversified Financial Services – 0.0% |
| Avation Capital S.A. (1 share for 1 warrant, Expiration 10/31/26) (a) | GBP 1.14 | N/A | &nbsp;&nbsp;&nbsp;&nbsp; 11113 | &nbsp;&nbsp;&nbsp; $1397 |

---

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

---

| | | |
|:---|:---|:---|
| Mutual Funds (h) – 1.1%  | Mutual Funds (h) – 1.1%  | Mutual Funds (h) – 1.1%  |
| Money Market Funds – 1.1% | Money Market Funds – 1.1% |  |
| MFS Institutional Money Market Portfolio, 3.71% (v)  | 2353863 | &nbsp;&nbsp;&nbsp; $2353863 |
| Other Assets, Less Liabilities – 1.9% |  | &nbsp;&nbsp;&nbsp; 4006900 |
| **Net Assets – 100.0%** | **Net Assets – 100.0%** | &nbsp;&nbsp; **$213453070** |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(h) An affiliated issuer, which may be considered one in which the fund owns 5% or more
 of the outstanding voting securities, or a company which is under common control. At period end, the aggregate values of the fund's investments in affiliated
 issuers and in unaffiliated issuers were $2,353,863 and $207,092,307, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;(n) Securities exempt from registration under Rule 144A of the Securities Act of 1933.
 These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers.
 At period end, the aggregate value of these securities was $189,151,419, representing 88.6% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(p) Payment-in-kind (PIK) security for which interest income may be received in additional
 securities and/or cash.

&nbsp;&nbsp;&nbsp;&nbsp;(u) The security was valued using significant unobservable inputs and is considered level
 3 under the fair value hierarchy.

------

*Portfolio of Investments (unaudited) – continued*

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

&nbsp;&nbsp;&nbsp;&nbsp;(v) Affiliated issuer that is available only to investment companies managed by MFS. The
 rate quoted for the MFS Institutional Money Market Portfolio is the annualized seven-day yield of the fund at period end.

&nbsp;&nbsp;&nbsp;&nbsp;(z) Restricted securities are not registered under the Securities Act of 1933 and are
 subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities
 are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult.
 The fund holds the following restricted securities:

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

---

| | | | |
|:---|:---|:---|:---|
| **Restricted Securities** | &nbsp;&nbsp; **Acquisition** <br>**Date**<br>| **Cost** | **Value** |
| Petra Diamonds US$ Treasury PLC, 9.75%, 3/08/2030 | 3/09/21-7/26/21 | $355062 | $204921 |
| % of Net assets |  |  | 0.1% |

---

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

---

| | |
|:---|:---|
| The following abbreviations are used in this report and are defined: | The following abbreviations are used in this report and are defined: |
| CDO | Collateralized Debt Obligation |
| CMT | Constant Maturity Treasury  |
| FLR | Floating Rate. Interest rate resets periodically based on the parenthetically disclosed reference rate plus a spread (if any). The period-end rate <br> reported may not be the current rate. All reference rates are USD unless otherwise noted.<br>|
| REIT | Real Estate Investment Trust |
| SOFR | Secured Overnight Financing Rate |
| Abbreviations indicate amounts shown in currencies other than the U.S. dollar. All amounts are stated in U.S. dollars unless otherwise <br> indicated. A list of abbreviations is shown below: | Abbreviations indicate amounts shown in currencies other than the U.S. dollar. All amounts are stated in U.S. dollars unless otherwise <br> indicated. A list of abbreviations is shown below: |
| EUR | Euro |
| GBP | British Pound |

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Derivative Contracts at 3/31/26** | **Derivative Contracts at 3/31/26** | **Derivative Contracts at 3/31/26** | **Derivative Contracts at 3/31/26** | **Derivative Contracts at 3/31/26** | **Derivative Contracts at 3/31/26** | **Derivative Contracts at 3/31/26** |
| **Forward Foreign Currency Exchange Contracts**  | **Forward Foreign Currency Exchange Contracts**  | **Forward Foreign Currency Exchange Contracts**  | **Forward Foreign Currency Exchange Contracts**  | **Forward Foreign Currency Exchange Contracts**  | **Forward Foreign Currency Exchange Contracts**  | **Forward Foreign Currency Exchange Contracts**  |
| **Currency** <br>**Purchased** | **Currency** <br>**Purchased** | &nbsp;&nbsp; **Currency** <br>**Sold** | &nbsp;&nbsp; **Currency** <br>**Sold** | **Counterparty** | &nbsp;&nbsp; **Settlement** <br>**Date**<br>| **Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** |
| EUR | &nbsp;&nbsp; 245828 | USD | &nbsp;&nbsp; 283825 | JPMorgan Chase Bank N.A. | 4/17/2026 | &nbsp;&nbsp; $518 |
| EUR | &nbsp;&nbsp; 94793 | USD | &nbsp;&nbsp; 108685 | Merrill Lynch International | 4/17/2026 | &nbsp;&nbsp; 958 |
| USD | &nbsp;&nbsp; 4440249 | EUR | &nbsp;&nbsp; 3796064 | HSBC Bank | 4/17/2026 | &nbsp;&nbsp; 49456 |
| USD | &nbsp;&nbsp; 162998 | EUR | &nbsp;&nbsp; 137489 | State Street Corp. | 4/17/2026 | &nbsp;&nbsp; 3969 |
|  |  |  |  |  |  | &nbsp;&nbsp; $54901 |
| **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| EUR | &nbsp;&nbsp; 304574 | USD | &nbsp;&nbsp; 356888 | JPMorgan Chase Bank N.A. | 4/17/2026 | &nbsp;&nbsp; $(4597)<br>|
| EUR | &nbsp;&nbsp; 127737 | USD | &nbsp;&nbsp; 151117 | Morgan Stanley Capital Services LLC | 4/17/2026 | &nbsp;&nbsp; (3367)<br>|
| EUR | &nbsp;&nbsp; 330451 | USD | &nbsp;&nbsp; 396996 | State Street Corp. | 4/17/2026 | &nbsp;&nbsp; (14773)<br>|
| EUR | &nbsp;&nbsp; 295553 | USD | &nbsp;&nbsp; 349568 | UBS AG | 4/17/2026 | &nbsp;&nbsp; (7711)<br>|
| USD | &nbsp;&nbsp; 282363 | EUR | &nbsp;&nbsp; 245828 | State Street Corp. | 4/17/2026 | &nbsp;&nbsp; (1979)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp; $(32427)<br>|

---

See attached supplemental information. For more information see notes to financial statements as disclosed in the most recent semiannual or annual report.

------

**Supplemental Information**

3/31/26 (unaudited)

The fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial

Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies.

**(1) Investment Valuations**

Subject to its oversight, the fund's Board of Trustees has delegated primary responsibility for determining or causing to be determined the value of the fund's investments to MFS as the fund's adviser, pursuant to the fund's valuation policy and procedures which have been adopted by the adviser and approved by the Board. In accordance with Rule 2a-5 under the Investment Company Act of 1940, the Board of Trustees designated the adviser as the "valuation designee" of the fund. If the adviser, as valuation designee, determines that reliable market quotations are not readily available for an investment, the investment is valued at fair value as determined in good faith by the adviser in accordance with the adviser's fair valuation policy and procedures.

Under the fund's valuation policy and procedures, equity securities, including restricted equity securities, are generally valued at the last sale or official closing price on their primary market or exchange as provided by a third-party pricing service. Equity securities, for which there were no sales reported that day, are generally valued at the last quoted daily bid quotation on their primary market or exchange as provided

by a third-party pricing service. Debt instruments and floating rate loans, including restricted debt instruments, are generally valued at an

evaluated or composite bid as provided by a third-party pricing service. Short-term instruments with a maturity at issuance of 60 days or less

may be valued at amortized cost, which approximates market value. Forward foreign currency exchange contracts are generally valued at the

mean of bid and asked prices for the time period interpolated from rates provided by a third-party pricing service for proximate time periods.

Open-end investment companies are generally valued at net asset value per share. The values of foreign securities and other assets and liabilities expressed in foreign currencies are converted to U.S. dollars using the mean of bid and asked prices for rates provided by a third-party pricing service.

Under the fund's valuation policy and procedures, market quotations are not considered to be readily available for debt instruments, floating rate loans, and many types of derivatives. These investments are generally valued at fair value based on information from third-party pricing services or otherwise determined by the adviser in accordance with the adviser's fair valuation policy and procedures. Securities and other assets generally valued on the basis of information from a third-party pricing service may also be valued at a broker/dealer bid quotation. In determining values, third-party pricing services can utilize both transaction data and market information such as yield, quality, coupon rate, maturity, type of issue, trading characteristics, spreads and other market data. Pricing services generally value debt instruments assuming orderly transactions of institutional round lot sizes, but a fund may hold or transact in such securities in smaller, odd lot sizes. In instances where a fund holds an odd lot size position in a debt instrument, such position will typically be valued using the pricing agent's institutional round lot price for the debt instrument. Odd lots may trade at lower prices than institutional round lots, and the fund may receive different prices when it sells odd lot positions than it would receive for sales of institutional round lot positions. An investment may also be valued at fair value if the adviser determines that the investment's value has been materially affected by events occurring after the close of the exchange or market on which the investment is principally traded (such as foreign exchange or market) and prior to the determination of the fund's net asset value, or after the halt of trading of a specific security where trading does not resume prior to the close of the exchange or market on which the security is principally traded. The adviser generally relies on third-party pricing services or other information (such as the correlation with price movements of similar securities in the same or other markets; the type, cost and investment characteristics of the security; the business and financial condition of the issuer; and trading and other market data) to assist in determining whether to fair value and at what value to fair value an investment. The value of an investment for purposes of calculating the fund's net asset value can differ depending on the source and method used to determine value. When fair valuation is used, the value of an investment used to determine the fund's net asset value may differ from quoted or published prices for the same investment. There can be no assurance that the fund could obtain the fair value assigned to an investment if it were to sell the investment at the same time at which the fund determines its net

asset value per share.

Various inputs are used in determining the value of the fund's assets or liabilities. These inputs are categorized into three broad levels. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fund's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes other significant observable market-based inputs (including quoted prices for similar securities, interest rates, prepayment speed, and credit risk).

------

*Supplemental Information (unaudited) – continued*

Level 3 includes significant unobservable inputs, which may include the adviser's own assumptions in determining the fair value of investments. Other financial instruments are derivative instruments, such as forward foreign currency exchange contracts. The following is a summary of the levels used as of March 31, 2026 in valuing the fund's assets and liabilities:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Financial Instruments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Equity Securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $208104 | &nbsp;&nbsp;&nbsp; $208104 |
| &nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp;&nbsp; 5337 | &nbsp;&nbsp;&nbsp; 1397 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6734 |
| U.S. Corporate Bonds | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 180402148 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 180402148 |
| Commercial Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 162 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 162 |
| Foreign Bonds | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 26475159 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 26475159 |
| Investment Companies | &nbsp;&nbsp;&nbsp; 2353863 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2353863 |
| Total | &nbsp;&nbsp;&nbsp; $2359200 | &nbsp;&nbsp;&nbsp; $206878866 | &nbsp;&nbsp;&nbsp; $208104 | &nbsp;&nbsp;&nbsp; $209446170 |
| **Other Financial Instruments** |  |  |  |  |
| Forward Foreign Currency Exchange Contracts – Assets | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $54901 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $54901 |
| Forward Foreign Currency Exchange Contracts – Liabilities | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (32427)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (32427)<br>|

---

For further information regarding security characteristics, see the Portfolio of Investments.

The following is a reconciliation of level 3 assets for which significant unobservable inputs were used to determine fair value. The table

presents the activity of level 3 securities held at the beginning and the end of the period.

---

| | |
|:---|:---|
|  | **Equity** <br>**Securities**<br>|
| Balance as of 12/31/25 | $208104 |
| &nbsp;&nbsp;&nbsp; Change in unrealized appreciation or depreciation | 0 |
| Balance as of 3/31/26 | $208104 |

---

At March 31, 2026, the fund held one level 3 security.

**(2) Investments in Affiliated Issuers**

An affiliated issuer may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. The following were affiliated issuers for the period ended March 31, 2026:

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated Issuers** | **Beginning** <br>**Value**<br>| **Purchases** | **Sales** <br>**Proceeds**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation or** <br>**Depreciation**<br>| **Ending** <br>**Value**<br>|
| MFS Institutional Money Market Portfolio  | &nbsp;&nbsp; $4866278 | &nbsp;&nbsp; $13170391 | &nbsp;&nbsp; $15682290 | &nbsp;&nbsp; $465 | &nbsp;&nbsp; $(981)<br>| &nbsp;&nbsp; $2353863<br>|

---

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

---

| | | |
|:---|:---|:---|
| **Affiliated Issuers** | **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| MFS Institutional Money Market Portfolio  | &nbsp;&nbsp; $40270 | &nbsp;&nbsp; $— |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MFS VARIABLE INSURANCE TRUST II

- **b. Investment Company Act file number:** 811-03732

- **c. CIK number of Registrant:** 0000719269

- **d. LEI of Registrant:** LQOFLJQP174GQBC84T87

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

  - **Street Address 1:** 111 HUNTINGTON AVENUE

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02199

  - **Telephone number:** 617-954-5000

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

- **a. Name of Series:** MFS High Yield Portfolio

- **b. EDGAR series identifier (if any):** S000002636

- **c. LEI of Series:** ZJO44YL9IRHSPRALW090

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $215009340.98

**Total Liabilities:** $1430930.73

**Net Assets:** $213578410.25

**Delayed Delivery Securities:** $756688.10

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -33.73000000 | **1-Year:** -343.15000000 | **5-Year:** -566.83000000 | **10-Year:** -99.38000000 | **30-Year:** 0.00000000

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

- **3-Month:** -673.29000000 | **1-Year:** -18208.02000000 | **5-Year:** -38583.01000000 | **10-Year:** -7846.85000000 | **30-Year:** -219.53000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007241 | 0.59%                | 0.20%                | -1.36%               |
| Class ID C000007242 | 0.60%                | 0.00%                | -1.19%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $67934.60                | $31209.45                                  |
| Month 2  | $-174192.20              | $-633226.14                                |
| Month 3  | $-459059.49              | $-3588016.28                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| API GROUP DE INC                         | APi Group DE Inc                                                                 | CUSIP: 00185PAA9<br>LEI: 549300XP4G7B4QYA0G83 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1142102.88   | 0.53%             | 2029-10-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| APLD COMPUTECO LLC                       | APLD ComputeCo LLC                                                               | CUSIP: 00202DAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    374000 | PA      | $385340.43    | 0.18%             | 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        |    649000 | PA      | $664462.06    | 0.31%             | 2033-03-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                   | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    229000 | PA      | $229701.66    | 0.11%             | 2030-11-06      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                   | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 004961AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    839000 | PA      | $808479.78    | 0.38%             | 2032-07-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ACUSHNET CO                              | Acushnet Co                                                                      | CUSIP: 005095AB0<br>LEI: 549300H805O14KEFES79 | Long             | DBT              | CORP              | US        |    794000 | PA      | $787855.95    | 0.37%             | 2033-12-01      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| AECOM                                    | AECOM                                                                            | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |    975000 | PA      | $973928.77    | 0.46%             | 2033-08-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                       | Osaic Holdings Inc                                                               | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    931000 | PA      | $919085.29    | 0.43%             | 2033-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                   | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 01309QAB4<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   1266000 | PA      | $1274488.53   | 0.60%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $338635.22    | 0.16%             | 2029-11-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    582000 | PA      | $586954.02    | 0.27%             | 2031-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    478000 | PA      | $469370.95    | 0.22%             | 2031-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                  | Allied Universal Holdco LLC                                                      | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    621000 | PA      | $640384.52    | 0.30%             | 2031-02-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                         | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    315000 | PA      | $319309.83    | 0.15%             | 2030-06-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                 | Allison Transmission Inc                                                         | CUSIP: 019736AG2<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |   1214000 | PA      | $1130028.23   | 0.53%             | 2031-01-30      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                 | Allison Transmission Inc                                                         | CUSIP: 019736AH0<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    168000 | PA      | $166970.06    | 0.08%             | 2033-12-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| ALTICE FRANCE SA                         | Altice France SA                                                                 | CUSIP: 02090DAA6<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    293445 | PA      | $296508.86    | 0.14%             | 2029-11-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| ALTICE FRANCE SA                         | Altice France SA                                                                 | CUSIP: 02090DAB4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    671494 | PA      | $642350.15    | 0.30%             | 2030-10-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ALTICE FRANCE SA                         | Altice France SA                                                                 | CUSIP: 02090DAD0<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    105793 | PA      | $100237.17    | 0.05%             | 2032-04-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ALTICE FINANCING SA                      | Altice Financing SA                                                              | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    325000 | PA      | $227521.42    | 0.11%             | 2029-08-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC                     | Amentum Holdings Inc                                                             | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |    669000 | PA      | $692287.89    | 0.32%             | 2032-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                  | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBC3<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    319000 | PA      | $315728.02    | 0.15%             | 2032-10-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                  | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    572000 | PA      | $556840.86    | 0.26%             | 2033-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMED                 | AmeriTex HoldCo Intermediate LLC                                                 | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    705000 | PA      | $727734.14    | 0.34%             | 2033-08-15      | Fixed         | 7.63%                 | Yes           |                  2 | On Loan: No      |
| AMWINS GROUP INC                         | AmWINS Group Inc                                                                 | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    256000 | PA      | $245238.60    | 0.11%             | 2029-06-30      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| AMSTED INDUSTRIES                        | Amsted Industries Inc                                                            | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |    510000 | PA      | $512524.50    | 0.24%             | 2033-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| AMYNTA AGENCY/WARRANTY                   | Amynta Agency Borrower Inc and Amynta Warranty Borrower Inc                      | CUSIP: 03238AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    635000 | PA      | $602194.25    | 0.28%             | 2033-07-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                 | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAN6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1281000 | PA      | $1262338.05   | 0.59%             | 2034-07-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| APLD COMPUTECO 2 LLC                     | APLD ComputeCo 2 LLC                                                             | CUSIP: 03772CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    372000 | PA      | $369291.51    | 0.17%             | 2031-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ARCHES BUYER INC                         | Arches Buyer Inc                                                                 | CUSIP: 039524AB9<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |    728000 | PA      | $697211.06    | 0.33%             | 2028-12-01      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                       | Ardonagh Finco Ltd                                                               | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    200000 | PA      | $202343.40    | 0.09%             | 2031-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| ARETEC GROUP INC                         | Aretec Group Inc                                                                 | CUSIP: 040133AA8<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |    320000 | PA      | $316974.74    | 0.15%             | 2029-04-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| ARETEC GROUP INC                         | Aretec Group Inc                                                                 | CUSIP: 04020JAA4<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |    463000 | PA      | $491782.26    | 0.23%             | 2030-08-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| ASURION LLC/ASURION CO                   | Asurion LLC/ Asurion Co-Issuer Inc                                               | CUSIP: 045941AA9<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |    703000 | PA      | $729325.94    | 0.34%             | 2032-12-31      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| ASURION LLC/ASURION CO                   | Asurion LLC/ Asurion Co-Issuer Inc                                               | CUSIP: 045941AB7<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |    737000 | PA      | $715525.60    | 0.34%             | 2034-02-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                      | Axon Enterprise Inc                                                              | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    721000 | PA      | $732929.67    | 0.34%             | 2030-03-15      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                      | Axon Enterprise Inc                                                              | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    255000 | PA      | $260290.23    | 0.12%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| AZORRA FINANCE                           | Azorra Finance Ltd                                                               | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    946000 | PA      | $974352.57    | 0.46%             | 2030-04-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| AZORRA FINANCE                           | Azorra Finance Ltd                                                               | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    272000 | PA      | $274635.68    | 0.13%             | 2031-01-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                      | LBM Acquisition LLC                                                              | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |    383000 | PA      | $279883.57    | 0.13%             | 2029-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| BAFFINLAND IRON CORP/LP                  | Baffinland Iron Mines Corp / Baffinland Iron Mines LP                            | CUSIP: 056623AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    749000 | PA      | $663178.83    | 0.31%             | 2026-07-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| BALDWIN INSUR GRP/FIN                    | Baldwin Insurance Group Holdings LLC / Baldwin Insurance Group Holdings Finance  | CUSIP: 05825XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    865000 | PA      | $869385.06    | 0.41%             | 2031-05-15      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| BALL CORP                                | Ball Corp                                                                        | CUSIP: 058498AW6<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $942033.29    | 0.44%             | 2030-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                | Ball Corp                                                                        | CUSIP: 058498AZ9<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    510000 | PA      | $517331.25    | 0.24%             | 2029-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                       | Bausch + Lomb Corp                                                               | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |    599000 | PA      | $618467.50    | 0.29%             | 2028-10-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                    | Bausch Health Cos Inc                                                            | CUSIP: 071734AJ6<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    304000 | PA      | $196080.00    | 0.09%             | 2030-01-30      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                    | Bausch Health Cos Inc                                                            | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    158000 | PA      | $144682.18    | 0.07%             | 2028-06-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO                  | Beach Acquisition Bidco LLC                                                      | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    894887 | PA      | $953070.15    | 0.45%             | 2033-07-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| BLACK PEARL COMPUTE LLC                  | Black Pearl Compute LLC                                                          | CUSIP: 09216NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    857000 | PA      | $872252.03    | 0.41%             | 2031-02-15      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC                           | Bombardier Inc                                                                   | CUSIP: 097751BZ3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    236000 | PA      | $245042.81    | 0.11%             | 2029-02-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC                           | Bombardier Inc                                                                   | CUSIP: 097751CA7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    118000 | PA      | $125497.96    | 0.06%             | 2030-11-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC                           | Bombardier Inc                                                                   | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    444000 | PA      | $465275.15    | 0.22%             | 2031-07-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC                           | Bombardier Inc                                                                   | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    235000 | PA      | $243892.87    | 0.11%             | 2032-06-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC                           | Bombardier Inc                                                                   | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    536000 | PA      | $553531.49    | 0.26%             | 2033-06-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| BROADSTREET PARTNERS GRP                 | Broadstreet Partners Group LLC                                                   | CUSIP: 11135RAA3<br>LEI: 549300BS9N54G8DD0R75 | Long             | DBT              | CORP              | US        |    249000 | PA      | $242665.99    | 0.11%             | 2029-04-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                   | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2007000 | PA      | $1904390.46   | 0.89%             | 2030-03-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                   | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1419000 | PA      | $1326025.13   | 0.62%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                   | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    305000 | PA      | $272447.49    | 0.13%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                      | Churchill Downs Inc                                                              | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1077969.23   | 0.50%             | 2030-04-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CD&R SMOKEY / RADIO SYS                  | CD&R Smokey Buyer Inc / Radio Systems Corp                                       | CUSIP: 12515KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    584000 | PA      | $496759.64    | 0.23%             | 2029-10-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                 | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBL3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    733000 | PA      | $637317.55    | 0.30%             | 2030-04-01      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                 | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1254000 | PA      | $1181872.85   | 0.55%             | 2030-05-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                         | CSC Holdings LLC                                                                 | CUSIP: 126307AS6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    900000 | PA      | $665596.08    | 0.31%             | 2028-02-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                         | CSC Holdings LLC                                                                 | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    495000 | PA      | $187892.69    | 0.09%             | 2030-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                         | CSC Holdings LLC                                                                 | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    400000 | PA      | $240035.44    | 0.11%             | 2030-12-01      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| CNX RESOURCES CORP                       | CNX Resources Corp                                                               | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    779000 | PA      | $802725.22    | 0.38%             | 2032-03-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| COBALT CMBS Commercial Mortgage Trust    | CWCapital COBALT II LLC                                                          | CUSIP: 12668CAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1621840 | PA      | $162.18       | 0.00%             | 2050-04-26      | Floating      | 5.23%                 | Yes           |                  2 | On Loan: No      |
| CABLE ONE INC                            | Cable One Inc                                                                    | CUSIP: 12685JAC9<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |    522000 | PA      | $363399.49    | 0.17%             | 2030-11-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC                   | CACI International Inc                                                           | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |   1148000 | PA      | $1168579.05   | 0.55%             | 2033-06-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CALIFORNIA RESOURCES CRP                 | California Resources Corp                                                        | CUSIP: 13057QAL1<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |    555000 | PA      | $559529.85    | 0.26%             | 2034-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CARVANA CO                               | Carvana Co                                                                       | CUSIP: 146869AM4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   1444380 | PA      | $1561813.87   | 0.73%             | 2031-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| CERDIA FINANZ GMBH                       | Cerdia Finanz GmbH                                                               | CUSIP: 15679GAC6<br>LEI: 391200KURNDJSX9GX570 | Long             | DBT              | CORP              | DE        |    533000 | PA      | $527952.49    | 0.25%             | 2031-10-03      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| CHAMP ACQUISITION CORP                   | Champ Acquisition Corp                                                           | CUSIP: 15807XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    606000 | PA      | $635166.17    | 0.30%             | 2031-12-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| CHEMOURS CO                              | Chemours Co/The                                                                  | CUSIP: 163851AH1<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    962000 | PA      | $902120.50    | 0.42%             | 2029-11-15      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| SM ENERGY CO                             | SM Energy Co                                                                     | CUSIP: 17888HAB9<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    548000 | PA      | $572820.02    | 0.27%             | 2031-07-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| SM ENERGY CO                             | SM Energy Co                                                                     | CUSIP: 17888HAC7<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    236000 | PA      | $249000.30    | 0.12%             | 2030-11-01      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                 | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    352000 | PA      | $359920.00    | 0.17%             | 2030-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                 | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    193000 | PA      | $194544.00    | 0.09%             | 2032-09-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CLEAN HARBORS INC                        | Clean Harbors Inc                                                                | CUSIP: 184496AR8<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |    947000 | PA      | $944680.42    | 0.44%             | 2033-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CLEARWAY ENERGY OP LLC                   | Clearway Energy Operating LLC                                                    | CUSIP: 18539UAD7<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |    850000 | PA      | $787077.90    | 0.37%             | 2031-02-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| CLEARWAY ENERGY OP LLC                   | Clearway Energy Operating LLC                                                    | CUSIP: 18539UAG0<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |    438000 | PA      | $430422.82    | 0.20%             | 2034-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                   | Cloud Software Group Inc                                                         | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    194000 | PA      | $187146.68    | 0.09%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                   | Cloud Software Group Inc                                                         | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    779000 | PA      | $738830.79    | 0.35%             | 2032-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                   | Cloud Software Group Inc                                                         | CUSIP: 18912UAG7<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    514000 | PA      | $456984.40    | 0.21%             | 2033-08-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                   | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    758000 | PA      | $707270.02    | 0.33%             | 2030-04-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                 | Permian Resources Operating LLC                                                  | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    523000 | PA      | $523596.74    | 0.25%             | 2029-07-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| COLUMBUS MCKINNON CORP                   | Columbus McKinnon Corp/NY                                                        | CUSIP: 199333AK1<br>LEI: 549300W3HQB0HO1F3G69 | Long             | DBT              | CORP              | US        |    561000 | PA      | $560741.94    | 0.26%             | 2033-02-01      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| COMPOSECURE HOLDINGS LLC                 | CompoSecure Holdings LLC                                                         | CUSIP: 20459XAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    564000 | PA      | $550999.80    | 0.26%             | 2033-02-01      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                   | Comstock Resources Inc                                                           | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    860000 | PA      | $848848.21    | 0.40%             | 2029-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CONCENTRA HEALTH SERVICE                 | Concentra Health Services Inc                                                    | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |    652000 | PA      | $674079.33    | 0.32%             | 2032-07-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| COREWEAVE INC                            | CoreWeave Inc                                                                    | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    218000 | PA      | $211821.75    | 0.10%             | 2030-06-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| CORNERSTONE BUILDING                     | Cornerstone Building Brands Inc                                                  | CUSIP: 21925DAB5<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |    297000 | PA      | $175646.87    | 0.08%             | 2029-08-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| CREDIT ACCEPTANC                         | Credit Acceptance Corp                                                           | CUSIP: 225310AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    335000 | PA      | $347121.64    | 0.16%             | 2028-12-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| CREDIT ACCEPTANC                         | Credit Acceptance Corp                                                           | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    537000 | PA      | $524461.05    | 0.25%             | 2030-03-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| CROSSCOUNTRY INTER                       | CrossCountry Intermediate HoldCo LLC                                             | CUSIP: 22757VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    445000 | PA      | $424146.69    | 0.20%             | 2030-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CROSSCOUNTRY INTER                       | CrossCountry Intermediate HoldCo LLC                                             | CUSIP: 22757VAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    252000 | PA      | $237119.53    | 0.11%             | 2032-12-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CROWN AMERICAS LLC                       | Crown Americas LLC                                                               | CUSIP: 22819CAA6<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |    311000 | PA      | $310856.35    | 0.15%             | 2033-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CYPRIUM CORP/CYPRIUM HOL                 | Cyprium Corp / Cyprium Holdings Luxembourg Sarl                                  | CUSIP: 23292NAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    434000 | PA      | $421258.64    | 0.20%             | 2034-04-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| DEALER TIRE LLC/DT ISSR                  | Dealer Tire LLC / DT Issuer LLC                                                  | CUSIP: 24229JAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    631000 | PA      | $613614.94    | 0.29%             | 2028-02-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                   | Delek Logistics Partners LP / Delek Logistics Finance Corp                       | CUSIP: 24665FAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    758000 | PA      | $784354.79    | 0.37%             | 2029-03-15      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                   | Delek Logistics Partners LP / Delek Logistics Finance Corp                       | CUSIP: 24665FAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    355000 | PA      | $357934.79    | 0.17%             | 2033-06-30      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                    | Directv Financing LLC                                                            | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $238881.58    | 0.11%             | 2030-02-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                    | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    203000 | PA      | $207228.34    | 0.10%             | 2031-02-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| DISH NETWORK CORP                        | DISH Network Corp                                                                | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |    545000 | PA      | $561483.53    | 0.26%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| DISH DBS CORP                            | DISH DBS Corp                                                                    | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    661000 | PA      | $590684.00    | 0.28%             | 2029-06-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| DOTDASH MEREDITH INC                     | Dotdash Meredith Inc                                                             | CUSIP: 25849JAA8<br>LEI: 549300R2AA7U9CJUQO13 | Long             | DBT              | CORP              | US        |    586000 | PA      | $540338.88    | 0.25%             | 2032-06-15      | Fixed         | 7.63%                 | Yes           |                  2 | On Loan: No      |
| HSBC Bank USA NA                         | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $49456.11     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC      | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | N/A       |         1 | NC      | $-3366.57     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.            | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $2752.39      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.            | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $1216.98      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.            | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | N/A       |         1 | NC      | $-4790.49     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                   | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | N/A       |         1 | NC      | $-4417.21     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.            | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | N/A       |         1 | NC      | $-9982.92     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                   | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | N/A       |         1 | NC      | $-7711.34     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                   | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | N/A       |         1 | NC      | $517.36       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.            | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-1978.88     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                   | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | N/A       |         1 | NC      | $-179.57      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch International              | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DFE              |  | N/A       |         1 | NC      | $958.14       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                            | EchoStar Corp                                                                    | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    573287 | PA      | $578881.13    | 0.27%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                            | EchoStar Corp                                                                    | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    685723 | PA      | $740752.80    | 0.35%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| ELDORADO GOLD CORP                       | Eldorado Gold Corp                                                               | CUSIP: 284902AF0<br>LEI: 5493004PWQ01YDD1IH62 | Long             | DBT              | CORP              | CA        |    729000 | PA      | $725019.81    | 0.34%             | 2029-09-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                 | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 29103CAA6<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |    721000 | PA      | $733299.54    | 0.34%             | 2030-12-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| EMPIRE COMMUNITIES CORP                  | Empire Communities Corp                                                          | CUSIP: 29163VAG8<br>LEI: 549300JM1L6KK2QFP273 | Long             | DBT              | CORP              | CA        |    631000 | PA      | $633583.31    | 0.30%             | 2029-05-01      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP                    | Encompass Health Corp                                                            | CUSIP: 29261AAB6<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |    728000 | PA      | $712190.11    | 0.33%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP                    | Encompass Health Corp                                                            | CUSIP: 29261AAE0<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |    286000 | PA      | $276081.12    | 0.13%             | 2031-04-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                   | Energizer Holdings Inc                                                           | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    530000 | PA      | $504302.53    | 0.24%             | 2029-03-31      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                   | Energizer Holdings Inc                                                           | CUSIP: 29272WAG4<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    246000 | PA      | $230387.17    | 0.11%             | 2033-09-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ESAB CORP                                | Esab Corp                                                                        | CUSIP: 29605JAB2<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |    740000 | PA      | $745187.40    | 0.35%             | 2031-04-01      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| FMC CORP                                 | FMC Corp                                                                         | CUSIP: 302491AZ8<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |    312000 | PA      | $200884.23    | 0.09%             | 2055-11-01      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L                 | Fortescue Treasury Pty Ltd                                                       | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |   1234000 | PA      | $1165938.11   | 0.55%             | 2031-04-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| FAIR ISAAC CORP                          | Fair Isaac Corp                                                                  | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   1111000 | PA      | $1090136.98   | 0.51%             | 2033-05-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                   | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc               | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    786000 | PA      | $734165.19    | 0.34%             | 2030-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                     | Fiesta Purchaser Inc                                                             | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    359000 | PA      | $365484.62    | 0.17%             | 2031-03-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                     | Fiesta Purchaser Inc                                                             | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    448000 | PA      | $456275.01    | 0.21%             | 2032-09-15      | Fixed         | 9.63%                 | Yes           |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                 | First Quantum Minerals Ltd                                                       | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    465000 | PA      | $484694.15    | 0.23%             | 2033-03-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| FLASH COMPUTE LLC                        | Flash Compute LLC                                                                | CUSIP: 33853QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    501000 | PA      | $504402.29    | 0.24%             | 2030-12-31      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                  | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    788000 | PA      | $787721.60    | 0.37%             | 2028-05-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                  | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAE1<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    429000 | PA      | $447959.66    | 0.21%             | 2030-12-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                    | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    591000 | PA      | $599031.69    | 0.28%             | 2029-02-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                    | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAB4<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    262000 | PA      | $266323.00    | 0.12%             | 2031-05-15      | Fixed         | 9.13%                 | Yes           |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                    | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAE8<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    318000 | PA      | $297300.78    | 0.14%             | 2031-05-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                  | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABG2<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |    342000 | PA      | $342427.84    | 0.16%             | 2029-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                    | GFL Environmental Inc                                                            | CUSIP: 36168QAL8<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    641000 | PA      | $623129.63    | 0.29%             | 2028-08-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                    | GFL Environmental Inc                                                            | CUSIP: 36168QAQ7<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    358000 | PA      | $370468.19    | 0.17%             | 2031-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                     | Garda World Security Corp                                                        | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    792000 | PA      | $792537.77    | 0.37%             | 2032-11-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                     | Garda World Security Corp                                                        | CUSIP: 36485MAQ2<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    322000 | PA      | $326461.95    | 0.15%             | 2031-01-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                    | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    658000 | PA      | $679908.77    | 0.32%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                    | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    359000 | PA      | $357303.94    | 0.17%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GENMAB A/S/GENMAB FIN                    | GENMAB A/S/GENMAB FINANCE LLC                                                    | CUSIP: 37230JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | DK        |    635000 | PA      | $651022.32    | 0.30%             | 2032-12-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| WRANGLER HOLDCO CORP                     | Wrangler Holdco Corp                                                             | CUSIP: 37441QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    323000 | PA      | $332587.04    | 0.16%             | 2032-04-01      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL AIR LEASE CO LTD                  | Global Aircraft Leasing Co Ltd                                                   | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    640000 | PA      | $649305.60    | 0.30%             | 2027-09-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| GRAHAM HOLDINGS CO                       | Graham Holdings Co                                                               | CUSIP: 384637AC8<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | DBT              | CORP              | US        |    704000 | PA      | $689656.49    | 0.32%             | 2033-12-01      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| GRAY MEDIA INC                           | Gray Media Inc                                                                   | CUSIP: 389375AL0<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    248000 | PA      | $191351.07    | 0.09%             | 2030-10-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| GRAY MEDIA INC                           | Gray Media Inc                                                                   | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    517000 | PA      | $516967.17    | 0.24%             | 2032-07-15      | Fixed         | 9.63%                 | Yes           |                  2 | On Loan: No      |
| GRAY MEDIA INC                           | Gray Media Inc                                                                   | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    385000 | PA      | $387953.34    | 0.18%             | 2033-08-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| GULFPORT ENERGY OP CORP                  | Gulfport Energy Operating Corp                                                   | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |    821000 | PA      | $839653.12    | 0.39%             | 2029-09-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| HAWAIIAN ELEC CO                         | Hawaiian Electric Co Inc                                                         | CUSIP: 419866AV0<br>LEI: 549300PQE8D806LWQV52 | Long             | DBT              | CORP              | US        |    674000 | PA      | $673144.90    | 0.32%             | 2033-10-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                    | Hightower Holding LLC                                                            | CUSIP: 43118DAA8<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |    504000 | PA      | $492735.25    | 0.23%             | 2029-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                    | Hightower Holding LLC                                                            | CUSIP: 43118DAB6<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |    307000 | PA      | $313051.89    | 0.15%             | 2030-01-31      | Fixed         | 9.13%                 | Yes           |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                 | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AF8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   1389000 | PA      | $1368024.85   | 0.64%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                 | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    638000 | PA      | $579731.52    | 0.27%             | 2032-02-15      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                 | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AR2<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    323000 | PA      | $324971.92    | 0.15%             | 2033-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                    | HUB International Ltd                                                            | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    261000 | PA      | $253181.84    | 0.12%             | 2029-12-01      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                    | HUB International Ltd                                                            | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    709000 | PA      | $726302.44    | 0.34%             | 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        |    348000 | PA      | $354947.12    | 0.17%             | 2032-01-31      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                        | Iliad Holding SAS                                                                | CUSIP: 449691AC8<br>LEI: 9695009BGMXB527HV965 | Long             | DBT              | CORP              | FR        |    827000 | PA      | $832336.63    | 0.39%             | 2028-10-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                         | ITT Holdings LLC                                                                 | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |    186000 | PA      | $180854.91    | 0.08%             | 2029-08-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| IAMGOLD CORP                             | IAMGOLD Corp                                                                     | CUSIP: 450913AF5<br>LEI: 254900E7II30XAB9LA72 | Long             | DBT              | CORP              | CA        |    678000 | PA      | $674700.24    | 0.32%             | 2028-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                    | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CF2<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |    638000 | PA      | $627251.23    | 0.29%             | 2029-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                    | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CK1<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |    264000 | PA      | $260079.12    | 0.12%             | 2029-11-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| INFINITY NATURAL RESOURC                 | Infinity Natural Resources LLC                                                   | CUSIP: 45690BAA3<br>LEI: 54930021094IFVB5ND43 | Long             | DBT              | CORP              | US        |    494000 | PA      | $496608.32    | 0.23%             | 2031-04-01      | Fixed         | 7.63%                 | Yes           |                  2 | On Loan: No      |
| INSULET CORPORATION                      | Insulet Corp                                                                     | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |    790000 | PA      | $806354.58    | 0.38%             | 2033-04-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US                  | ION Platform Finance US Inc                                                      | CUSIP: 46205QAB4<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |    640000 | PA      | $495376.49    | 0.23%             | 2032-09-30      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| IQVIA INC                                | IQVIA Inc                                                                        | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    485000 | PA      | $483166.41    | 0.23%             | 2027-05-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| IQVIA INC                                | IQVIA Inc                                                                        | CUSIP: 46266TAD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    722000 | PA      | $737103.52    | 0.35%             | 2030-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| IQVIA INC                                | IQVIA Inc                                                                        | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    363000 | PA      | $368623.23    | 0.17%             | 2032-06-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                        | Iron Mountain Inc                                                                | CUSIP: 46284VAL5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    835000 | PA      | $810593.79    | 0.38%             | 2032-07-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                        | Iron Mountain Inc                                                                | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    620000 | PA      | $618017.43    | 0.29%             | 2033-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| JB POINDEXTER & CO INC                   | JB Poindexter & Co Inc                                                           | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |    378000 | PA      | $383129.46    | 0.18%             | 2031-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                  | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1544000 | PA      | $1526844.15   | 0.71%             | 2032-11-01      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                 | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    520000 | PA      | $541176.48    | 0.25%             | 2030-05-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY                  | JetBlue Airways Corp / JetBlue Loyalty LP                                        | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    155000 | PA      | $146484.04    | 0.07%             | 2031-09-20      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| KEHE DIST/FIN / NEXTWAVE                 | KeHE Distributors LLC / KeHE Finance Corp / NextWave Distribution Inc            | CUSIP: 487526AC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    932000 | PA      | $970258.60    | 0.45%             | 2029-02-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| KNIFE RIVER CORP                         | Knife River Corp                                                                 | CUSIP: 498894AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    493000 | PA      | $510384.66    | 0.24%             | 2031-05-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| KRAKEN OIL & GAS PARTNER                 | Kraken Oil & Gas Partners LLC                                                    | CUSIP: 50076PAA6<br>LEI: 549300DR5HSL4YAU3X12 | Long             | DBT              | CORP              | US        |    458000 | PA      | $467694.94    | 0.22%             | 2029-08-15      | Fixed         | 7.63%                 | Yes           |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                      | LBM Acquisition LLC                                                              | CUSIP: 52109SAB5<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |    583000 | PA      | $507470.37    | 0.24%             | 2031-06-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                    | Level 3 Financing Inc                                                            | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    345186 | PA      | $351510.20    | 0.16%             | 2033-06-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                    | Level 3 Financing Inc                                                            | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    326902 | PA      | $334612.27    | 0.16%             | 2034-03-31      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| LIFE TIME INC                            | Life Time Inc                                                                    | CUSIP: 53190FAE5<br>LEI: 549300PALKE96VYH4X17 | Long             | DBT              | CORP              | US        |    506000 | PA      | $510009.04    | 0.24%             | 2031-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| LINDBLAD EXPEDITIONS LLC                 | Lindblad Expeditions LLC                                                         | CUSIP: 53523LAB6<br>LEI: 549300MPUWOG67Y2R254 | Long             | DBT              | CORP              | US        |    575000 | PA      | $587069.83    | 0.27%             | 2030-09-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| MFS Institutional Money Market Portfolio | MFS Institutional Money Market Portfolio                                         | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | EC               | RF                | US        |   2342411 | NS      | $2342411.02   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MIWD HLDCO II/MIWD FIN                   | MIWD Holdco II LLC / MIWD Finance Corp                                           | CUSIP: 55337PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    640000 | PA      | $552785.41    | 0.26%             | 2030-02-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                  | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    285000 | PA      | $221596.00    | 0.10%             | 2029-08-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                  | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    474000 | PA      | $480546.89    | 0.22%             | 2032-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                  | Macy's Retail Holdings LLC                                                       | CUSIP: 55617LAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     43000 | PA      | $42697.74     | 0.02%             | 2030-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                  | Macy's Retail Holdings LLC                                                       | CUSIP: 55617LAS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    657000 | PA      | $673064.96    | 0.32%             | 2033-08-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| DISCOVERY HOLDINGS INC                   | Discovery Global Holdings Inc                                                    | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    693000 | PA      | $456552.36    | 0.21%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MAGNOLIA OIL GAS/MAG FIN                 | Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp               | CUSIP: 559665AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    857000 | PA      | $881978.98    | 0.41%             | 2032-12-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| MAJORDRIVE HOLDINGS IV L                 | MajorDrive Holdings IV LLC                                                       | CUSIP: 56085RAA8<br>LEI: 25490044R1FR5N8FIT62 | Long             | DBT              | CORP              | US        |    291000 | PA      | $215242.54    | 0.10%             | 2029-06-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| MANITOWOC COMPANY INC                    | Manitowoc Co Inc/The                                                             | CUSIP: 563571AN8<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | DBT              | CORP              | US        |    540000 | PA      | $563910.12    | 0.26%             | 2031-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                     | Matador Resources Co                                                             | CUSIP: 576485AG1<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    254000 | PA      | $256766.07    | 0.12%             | 2032-04-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                     | Matador Resources Co                                                             | CUSIP: 576485AJ5<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    310000 | PA      | $308039.92    | 0.14%             | 2034-04-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| MATTAMY GROUP CORP                       | Mattamy Group Corp                                                               | CUSIP: 57701RAM4<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |    390000 | PA      | $370792.81    | 0.17%             | 2030-03-01      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| MATTAMY GROUP CORP                       | Mattamy Group Corp                                                               | CUSIP: 57701RAQ5<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |    465000 | PA      | $436660.11    | 0.20%             | 2033-12-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER/MEDL CO                 | Medline Borrower LP/Medline Co-Issuer Inc                                        | CUSIP: 58506DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    687000 | PA      | $700041.24    | 0.33%             | 2029-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| MAVIS TIRE EXPRESS SERVI                 | Mavis Tire Express Services Topco Corp                                           | CUSIP: 59155LAA0<br>LEI: 254900NVDM4GTLBL9E56 | Long             | DBT              | CORP              | US        |    539000 | PA      | $534781.62    | 0.25%             | 2029-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                     | Michaels Cos Inc/The                                                             | CUSIP: 59408QAA4<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    252000 | PA      | $234663.00    | 0.11%             | 2034-03-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                     | Michaels Cos Inc/The                                                             | CUSIP: 59408QAB2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    904000 | PA      | $880038.58    | 0.41%             | 2033-03-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC                  | Stagwell Global LLC                                                              | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |    762000 | PA      | $725463.93    | 0.34%             | 2029-08-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                    | Mineral Resources Ltd                                                            | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    918000 | PA      | $951160.45    | 0.45%             | 2028-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                    | Mineral Resources Ltd                                                            | CUSIP: 603051AF0<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    191000 | PA      | $195186.61    | 0.09%             | 2031-04-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                   | AthenaHealth Group Inc                                                           | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |    775000 | PA      | $727433.37    | 0.34%             | 2030-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MITER BRAND / MIWD BORR                  | Miter Brands Acquisition Holdco Inc / MIWD Borrower LLC                          | CUSIP: 60672JAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $210705.70    | 0.10%             | 2032-04-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                    | Molina Healthcare Inc                                                            | CUSIP: 60855RAN0<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    997000 | PA      | $980155.98    | 0.46%             | 2031-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MOOG INC                                 | Moog Inc                                                                         | CUSIP: 615394AP8<br>LEI: 549300WM2I4U7OBAHG07 | Long             | DBT              | CORP              | US        |    495000 | PA      | $496555.10    | 0.23%             | 2034-10-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                      | Medline Borrower LP                                                              | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    890000 | PA      | $882162.04    | 0.41%             | 2029-10-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| NCL CORPORATION LTD                      | NCL Corp Ltd                                                                     | CUSIP: 62886HBP5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    619000 | PA      | $614412.59    | 0.29%             | 2030-03-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| NRG ENERGY INC                           | NRG Energy Inc                                                                   | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1149000 | PA      | $1133401.64   | 0.53%             | 2034-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| NRG ENERGY INC                           | NRG Energy Inc                                                                   | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    966000 | PA      | $957216.26    | 0.45%             | 2036-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                    | Nabors Industries Inc                                                            | CUSIP: 62957HAQ8<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    647000 | PA      | $674029.72    | 0.32%             | 2031-08-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT CORP                             | Navient Corp                                                                     | CUSIP: 63938CAN8<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    309000 | PA      | $301226.61    | 0.14%             | 2030-07-25      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                     | Neptune Bidco US Inc                                                             | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    793000 | PA      | $795202.95    | 0.37%             | 2029-04-15      | Fixed         | 9.29%                 | Yes           |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                     | Neptune Bidco US Inc                                                             | CUSIP: 640695AC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    257000 | PA      | $259315.06    | 0.12%             | 2031-05-15      | Fixed         | 10.38%                | Yes           |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                     | Neptune Bidco US Inc                                                             | CUSIP: 640695AD4<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    230000 | PA      | $223154.97    | 0.10%             | 2033-02-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| NEW ENTERPRISE STONE & L                 | New Enterprise Stone & Lime Co Inc                                               | CUSIP: 644274AG7<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |    270000 | PA      | $269726.64    | 0.13%             | 2028-07-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| NEW FLYER HOLDINGS                       | New Flyer Holdings Inc                                                           | CUSIP: 64438WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    705000 | PA      | $753532.77    | 0.35%             | 2030-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| NEW GOLD INC                             | New Gold Inc                                                                     | CUSIP: 644535AJ5<br>LEI: 5493005G0GNCHP0H6L96 | Long             | DBT              | CORP              | CA        |    530000 | PA      | $547785.74    | 0.26%             | 2032-04-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| RISEWELL HOMES INC                       | Risewell Homes Inc                                                               | CUSIP: 645370AG2<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |    660000 | PA      | $645362.06    | 0.30%             | 2030-11-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| NEWELL BRANDS INC                        | Newell Brands Inc                                                                | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    215000 | PA      | $205751.56    | 0.10%             | 2032-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                        | Newell Brands Inc                                                                | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    695000 | PA      | $667140.65    | 0.31%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                   | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    615000 | PA      | $632937.09    | 0.30%             | 2029-01-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                        | Nexstar Media Inc                                                                | CUSIP: 65346UAA7<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    454000 | PA      | $455351.41    | 0.21%             | 2034-04-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                        | Nexstar Media Inc                                                                | CUSIP: 65346UAB5<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    752000 | PA      | $757729.49    | 0.35%             | 2033-09-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| BRUNDAGE-BONE CONCRETE                   | Brundage-Bone Concrete Pumping Holdings Inc                                      | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    524000 | PA      | $529479.47    | 0.25%             | 2032-02-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                      | NuStar Logistics LP                                                              | CUSIP: 67059TAH8<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    774000 | PA      | $800313.68    | 0.37%             | 2030-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CHORD ENERGY CORP                        | Chord Energy Corp                                                                | CUSIP: 674215AN8<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |    682000 | PA      | $704125.57    | 0.33%             | 2033-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CHORD ENERGY CORP                        | Chord Energy Corp                                                                | CUSIP: 674215AQ1<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |    192000 | PA      | $194547.84    | 0.09%             | 2030-10-01      | Fixed         | 6.00%                 | Yes           |                  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        |    627000 | PA      | $589333.10    | 0.28%             | 2030-10-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                 | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    822000 | PA      | $835287.63    | 0.39%             | 2029-06-15      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                 | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAT6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    469000 | PA      | $470021.48    | 0.22%             | 2029-09-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                     | OneMain Finance Corp                                                             | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    391000 | PA      | $393087.94    | 0.18%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                     | OneMain Finance Corp                                                             | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    675000 | PA      | $675655.43    | 0.32%             | 2029-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                     | OneMain Finance Corp                                                             | CUSIP: 682691AN0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    437000 | PA      | $419018.59    | 0.20%             | 2033-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                           | 1261229 BC Ltd                                                                   | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1048000 | PA      | $1072988.51   | 0.50%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                       | PBF Holding Co LLC / PBF Finance Corp                                            | CUSIP: 69318FAL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    432000 | PA      | $443625.98    | 0.21%             | 2030-09-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| PG&E CORP                                | PG&E Corp                                                                        | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   1156000 | PA      | $1140731.67   | 0.53%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                | PG&E Corp                                                                        | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    451000 | PA      | $453892.90    | 0.21%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                    | Panther Escrow Issuer LLC                                                        | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1256000 | PA      | $1260218.90   | 0.59%             | 2031-06-01      | Fixed         | 7.13%                 | Yes           |                  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        |    864000 | PA      | $829350.40    | 0.39%             | 2029-05-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| PATRICK INDUSTRIES INC                   | Patrick Industries Inc                                                           | CUSIP: 703343AH6<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |    914000 | PA      | $913941.45    | 0.43%             | 2032-11-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                    | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAF4<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   1365000 | PA      | $1305945.87   | 0.61%             | 2033-02-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| PENSKE AUTOMOTIVE GROUP                  | Penske Automotive Group Inc                                                      | CUSIP: 70959WAK9<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | DBT              | CORP              | US        |    732000 | PA      | $696459.42    | 0.33%             | 2029-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                 | Performance Food Group Inc                                                       | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    450000 | PA      | $450831.15    | 0.21%             | 2032-09-15      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                 | Performance Food Group Inc                                                       | CUSIP: 71376LAH3<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    490000 | PA      | $472601.28    | 0.22%             | 2034-03-01      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                 | Permian Resources Operating LLC                                                  | CUSIP: 71424VAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    494000 | PA      | $511534.53    | 0.24%             | 2032-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                 | Permian Resources Operating LLC                                                  | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    215000 | PA      | $219006.74    | 0.10%             | 2033-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| PETCO HEALTH & WELLNESS                  | Petco Health & Wellness Co Inc                                                   | CUSIP: 71601VAA3<br>LEI: 2549007TYGV6RVSE9M61 | Long             | DBT              | CORP              | US        |    436000 | PA      | $435402.38    | 0.20%             | 2031-02-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| PETSMART LLC/PETSMART FI                 | PetSmart LLC / PetSmart Finance Corp                                             | CUSIP: 71677KAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    745000 | PA      | $748628.15    | 0.35%             | 2032-09-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| PHOENIX AVIATION CAPITAL                 | Phoenix Aviation Capital Ltd                                                     | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | IE        |    295000 | PA      | $296855.55    | 0.14%             | 2030-07-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| POST HOLDINGS INC                        | Post Holdings Inc                                                                | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1224005.99   | 0.57%             | 2030-04-15      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| POST HOLDINGS INC                        | Post Holdings Inc                                                                | CUSIP: 737446AX2<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    524000 | PA      | $513104.05    | 0.24%             | 2034-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| PRAIRIE ACQUIROR LP                      | Prairie Acquiror LP                                                              | CUSIP: 73943NAA4<br>LEI: 254900Q6KU2LVSIISH22 | Long             | DBT              | CORP              | US        |    604000 | PA      | $623923.54    | 0.29%             | 2029-08-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| PRESTIGE BRANDS INC                      | Prestige Brands Inc                                                              | CUSIP: 74112BAL9<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |    573000 | PA      | $571766.85    | 0.27%             | 2028-01-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| PRESTIGE BRANDS INC                      | Prestige Brands Inc                                                              | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |    595000 | PA      | $545382.59    | 0.26%             | 2031-04-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICE                 | Prime Healthcare Services Inc                                                    | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    508000 | PA      | $526796.00    | 0.25%             | 2029-09-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                    | Qnity Electronics Inc                                                            | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    570000 | PA      | $570678.87    | 0.27%             | 2032-08-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                    | Qnity Electronics Inc                                                            | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    432000 | PA      | $436811.18    | 0.20%             | 2033-08-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                    | Quikrete Holdings Inc                                                            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   1473000 | PA      | $1493626.42   | 0.70%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                 | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1087000 | PA      | $1109810.70   | 0.52%             | 2028-07-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                 | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    128000 | PA      | $130318.85    | 0.06%             | 2032-04-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| RXO INC                                  | RXO Inc                                                                          | CUSIP: 74982TAA1<br>LEI: 549300KL8CA6GP8XPM30 | Long             | DBT              | CORP              | US        |    436000 | PA      | $418345.44    | 0.20%             | 2031-05-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                 | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 74984CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    319000 | PA      | $314806.33    | 0.15%             | 2034-03-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN                 | Raven Acquisition Holdings LLC                                                   | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    859000 | PA      | $828125.05    | 0.39%             | 2031-11-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                   | Ritchie Bros Holdings Inc                                                        | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |   1263000 | PA      | $1308216.66   | 0.61%             | 2031-03-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| RIVERS ENT BORROWER LLC                  | Rivers Enterprise Borrower LLC                                                   | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    508000 | PA      | $506717.91    | 0.24%             | 2030-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ROCKET COS INC                           | Rocket Cos Inc                                                                   | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    447000 | PA      | $451124.47    | 0.21%             | 2030-08-01      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| ROCKET COS INC                           | Rocket Cos Inc                                                                   | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1059000 | PA      | $1070377.90   | 0.50%             | 2033-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ROCKET COS INC                           | Rocket Cos Inc                                                                   | CUSIP: 77311WAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    557000 | PA      | $563269.27    | 0.26%             | 2029-08-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                 | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 77313LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    211000 | PA      | $189133.44    | 0.09%             | 2033-10-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                 | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAM9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    680000 | PA      | $676917.26    | 0.32%             | 2040-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                 | ROCKIES EXPRESS PIPELINE                                                         | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    347000 | PA      | $357197.64    | 0.17%             | 2033-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                   | SCIH Salt Holdings Inc                                                           | CUSIP: 78433BAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    860000 | PA      | $855700.00    | 0.40%             | 2029-05-01      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| SM ENERGY CO                             | SM Energy Co                                                                     | CUSIP: 78454LAZ3<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    302000 | PA      | $301146.74    | 0.14%             | 2034-04-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| SS&C TECHNOLOGIES INC                    | SS&C Technologies Inc                                                            | CUSIP: 78466CAD8<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |    494000 | PA      | $494016.80    | 0.23%             | 2032-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SNF GROUP SACA                           | SNF Group SACA                                                                   | CUSIP: 7846ELAE7<br>LEI: 969500F7036FEDYPRV54 | Long             | DBT              | CORP              | FR        |    841000 | PA      | $777800.95    | 0.36%             | 2030-03-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| SV RNO PROPERTY OWNER 1                  | SV RNO Property Owner 1 LLC                                                      | CUSIP: 78488XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    934000 | PA      | $923252.05    | 0.43%             | 2031-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| SCRIPPS ESCROW II INC                    | Scripps Escrow II Inc                                                            | CUSIP: 81105DAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    286000 | PA      | $264534.36    | 0.12%             | 2029-01-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| SERVICE CORP INTL                        | Service Corp International/US                                                    | CUSIP: 817565CH5<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |   1345000 | PA      | $1342412.49   | 0.63%             | 2032-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                 | Sinclair Television Group Inc                                                    | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    697000 | PA      | $708545.81    | 0.33%             | 2033-02-15      | Fixed         | 8.13%                 | Yes           |                  2 | On Loan: No      |
| SIX FLAGS ENT/SIX FLAG                   | Six Flags Entertainment Corp /Six Flags Theme Parks Inc/ Canada's Wonderland Co  | CUSIP: 83002YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    424000 | PA      | $422981.59    | 0.20%             | 2032-05-01      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| SIX FLAGS/CAN WON/MILLEN                 | Six Flags Entertainment Corp/Canada's Wonderland Co/Millennium Operations LLC    | CUSIP: 83003AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    639000 | PA      | $640030.92    | 0.30%             | 2032-01-15      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| SNAP INC                                 | Snap Inc                                                                         | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    779000 | PA      | $735586.49    | 0.34%             | 2033-03-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| SNAP INC                                 | Snap Inc                                                                         | CUSIP: 83304AAM8<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    194000 | PA      | $182470.35    | 0.09%             | 2034-03-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                     | OneMain Finance Corp                                                             | CUSIP: 85172FAR0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    388000 | PA      | $374153.44    | 0.18%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                          | Star Parent Inc                                                                  | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |    373000 | PA      | $386428.37    | 0.18%             | 2030-10-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                  | Starwood Property Trust Inc                                                      | CUSIP: 85571BBG9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    808000 | PA      | $797900.73    | 0.37%             | 2031-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| SUNCOKE ENERGY INC                       | SunCoke Energy Inc                                                               | CUSIP: 86722AAD5<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | DBT              | CORP              | US        |    248000 | PA      | $223786.12    | 0.10%             | 2029-06-30      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                | Sunoco LP                                                                        | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    930000 | PA      | $962242.17    | 0.45%             | 2032-05-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                | Sunoco LP                                                                        | CUSIP: 86765KAK5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    708000 | PA      | $681357.26    | 0.32%             | 2030-05-01      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                | Sunoco LP                                                                        | CUSIP: 86765KAL3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    318000 | PA      | $322982.11    | 0.15%             | 2032-08-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS                  | Surgery Center Holdings Inc                                                      | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |    758000 | PA      | $744487.35    | 0.35%             | 2032-04-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                  | Talen Energy Supply LLC                                                          | CUSIP: 87422VAM0<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |    808000 | PA      | $798997.59    | 0.37%             | 2034-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                  | Talen Energy Supply LLC                                                          | CUSIP: 87422VAN8<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |    318000 | PA      | $320203.97    | 0.15%             | 2036-02-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                  | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1039000 | PA      | $1030210.68   | 0.48%             | 2028-01-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                  | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    305000 | PA      | $313764.79    | 0.15%             | 2029-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                  | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAM3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $165826.16    | 0.08%             | 2034-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| TASEKO MINES LTD                         | Taseko Mines Ltd                                                                 | CUSIP: 876511AG1<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |    673000 | PA      | $701642.88    | 0.33%             | 2030-05-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| TEREX CORP                               | Terex Corp                                                                       | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |    495000 | PA      | $498226.53    | 0.23%             | 2032-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATIN                 | TerraForm Power Operating LLC                                                    | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |    791000 | PA      | $782279.30    | 0.37%             | 2028-01-31      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATIN                 | TerraForm Power Operating LLC                                                    | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |    164000 | PA      | $157075.79    | 0.07%             | 2030-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC                            | TransDigm Inc                                                                    | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    354000 | PA      | $358297.56    | 0.17%             | 2028-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC                            | TransDigm Inc                                                                    | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1264000 | PA      | $1295155.07   | 0.61%             | 2030-12-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC                            | TransDigm Inc                                                                    | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    352000 | PA      | $358569.37    | 0.17%             | 2029-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC                            | TransDigm Inc                                                                    | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1274000 | PA      | $1267207.41   | 0.59%             | 2033-05-31      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC                            | TransDigm Inc                                                                    | CUSIP: 893647CB1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    612000 | PA      | $601927.95    | 0.28%             | 2034-07-31      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| TRANSMONTAIGNE PARTNERS                  | TransMontaigne Partners LLC                                                      | CUSIP: 89377AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    458000 | PA      | $463010.98    | 0.22%             | 2030-06-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| TRINET GROUP INC                         | TriNet Group Inc                                                                 | CUSIP: 896288AA5<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |    595000 | PA      | $539357.33    | 0.25%             | 2029-03-01      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| TRINET GROUP INC                         | TriNet Group Inc                                                                 | CUSIP: 896288AC1<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |    245000 | PA      | $237748.74    | 0.11%             | 2031-08-15      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| TRUENOORD CAPITAL DAC                    | TrueNoord Capital DAC                                                            | CUSIP: 89785GAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    507000 | PA      | $517685.53    | 0.24%             | 2030-03-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| TURNING POINT BRANDS INC                 | Turning Point Brands Inc                                                         | CUSIP: 90041LAG0<br>LEI: 549300IYG00QF0VVP302 | Long             | DBT              | CORP              | US        |    814000 | PA      | $833047.60    | 0.39%             | 2032-03-15      | Fixed         | 7.63%                 | Yes           |                  2 | On Loan: No      |
| US FOODS INC                             | US Foods Inc                                                                     | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   1069000 | PA      | $1054786.90   | 0.49%             | 2029-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| US FOODS INC                             | US Foods Inc                                                                     | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    304000 | PA      | $302648.39    | 0.14%             | 2033-04-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| US ACUTE CARE SOLUTIONS                  | US Acute Care Solutions LLC                                                      | CUSIP: 90367UAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    484000 | PA      | $467567.43    | 0.22%             | 2029-05-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                  | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    660000 | PA      | $641017.44    | 0.30%             | 2029-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                  | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327TAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    473000 | PA      | $481743.77    | 0.23%             | 2032-06-15      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                 | Univision Communications Inc                                                     | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    397000 | PA      | $402951.82    | 0.19%             | 2028-08-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                 | Univision Communications Inc                                                     | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    861000 | PA      | $865201.68    | 0.41%             | 2031-07-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                 | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    972000 | PA      | $994527.24    | 0.47%             | 2029-03-15      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| VALARIS LTD                              | Valaris Ltd                                                                      | CUSIP: 91889FAC5<br>LEI: 5299008BQ9IREYWBTS30 | Long             | DBT              | CORP              | BM        |    615000 | PA      | $637257.47    | 0.30%             | 2030-04-30      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                    | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    231000 | PA      | $253916.12    | 0.12%             | 2033-05-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                    | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    613000 | PA      | $639018.34    | 0.30%             | 2034-01-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                    | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    613000 | PA      | $649260.18    | 0.30%             | 2036-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                   | Venture Global LNG Inc                                                           | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    312000 | PA      | $319088.95    | 0.15%             | 2028-06-01      | Fixed         | 8.13%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                   | Venture Global LNG Inc                                                           | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    655000 | PA      | $681183.85    | 0.32%             | 2031-06-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                   | Venture Global LNG Inc                                                           | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    540000 | PA      | $583898.98    | 0.27%             | 2029-02-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                   | Venture Global LNG Inc                                                           | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    935000 | PA      | $931303.17    | 0.44%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| VERITIV OPERATING CO                     | Veritiv Operating Co                                                             | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |    613000 | PA      | $637059.02    | 0.30%             | 2030-11-30      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| VERSANT MEDIA GROUP INC                  | Versant Media Group Inc                                                          | CUSIP: 925283AA1<br>LEI: 254900D2Q5F5F229PU30 | Long             | DBT              | CORP              | US        |    383000 | PA      | $391962.58    | 0.18%             | 2031-01-30      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| VIKING BAKED GOODS ACQUI                 | Viking Baked Goods Acquisition Corp                                              | CUSIP: 92676AAA5<br>LEI: 254900DBFD2H1FJK0893 | Long             | DBT              | CORP              | US        |    559000 | PA      | $553138.44    | 0.26%             | 2031-11-01      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| VIKING CRUISES LTD                       | Viking Cruises Ltd                                                               | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    541000 | PA      | $534135.71    | 0.25%             | 2033-10-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| VIKING OCEAN CRUISES SHI                 | Viking Ocean Cruises Ship VII Ltd                                                | CUSIP: 92682RAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    808000 | PA      | $806779.44    | 0.38%             | 2029-02-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| VIRGIN MEDIA FINANCE PLC                 | Virgin Media Finance PLC                                                         | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |    627000 | PA      | $513764.24    | 0.24%             | 2030-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| VIRTUSA CORP                             | Virtusa Corp                                                                     | CUSIP: 92837TAA0<br>LEI: C77OMXDER63WLJCSKT03 | Long             | DBT              | CORP              | US        |    436000 | PA      | $335776.64    | 0.16%             | 2028-12-15      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                     | WR Grace Holdings LLC                                                            | CUSIP: 92943GAH4<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    872000 | PA      | $846864.60    | 0.40%             | 2033-08-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| WABASH NATIONAL CORP                     | Wabash National Corp                                                             | CUSIP: 929566AL1<br>LEI: 5299004ZAWHQZI5XO485 | Long             | DBT              | CORP              | US        |    739000 | PA      | $647443.07    | 0.30%             | 2028-10-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| WALKER & DUNLOP INC                      | Walker & Dunlop Inc                                                              | CUSIP: 93148PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    671000 | PA      | $656023.75    | 0.31%             | 2033-04-01      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| LTRI HOLDINGS, LP                        | LTRI HOLDINGS, LP                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1115 | NS      | $208103.60    | 0.10%             |  |  |  | No            |                  3 | On Loan: No      |
| WEEKLEY HOMES LLC/ FINAN                 | Weekley Homes LLC / Weekley Finance Corp                                         | CUSIP: 948565AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    589000 | PA      | $570345.96    | 0.27%             | 2028-09-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| WHITE CAP SUPPLY HOLDING                 | White Cap Supply Holdings LLC                                                    | CUSIP: 96467GAC2<br>LEI: 254900L2N0T6GULCL366 | Long             | DBT              | CORP              | US        |    742000 | PA      | $719734.66    | 0.34%             | 2030-11-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| WILDFIRE INTERMEDIATE HO                 | Wildfire Intermediate Holdings LLC                                               | CUSIP: 96812HAA6<br>LEI: 5493003RHEMQJZEXIR02 | Long             | DBT              | CORP              | US        |    527000 | PA      | $533992.24    | 0.25%             | 2029-10-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| WINDSTREAM SERVICES/ESCR                 | Windstream Services LLC / Windstream Escrow Finance Corp                         | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    273000 | PA      | $285327.86    | 0.13%             | 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        |    952000 | PA      | $1005959.36   | 0.47%             | 2030-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS                 | Wyndham Hotels & Resorts Inc                                                     | CUSIP: 98311AAB1<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |    909000 | PA      | $888070.55    | 0.42%             | 2028-08-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS                 | Wyndham Hotels & Resorts Inc                                                     | CUSIP: 98311AAE5<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |    342000 | PA      | $336520.13    | 0.16%             | 2033-03-01      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| WYNN MACAU LTD                           | Wynn Macau Ltd                                                                   | CUSIP: 98313RAH9<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    860000 | PA      | $844639.12    | 0.40%             | 2028-08-26      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| WYNN MACAU LTD                           | Wynn Macau Ltd                                                                   | CUSIP: 98313RAL0<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    273000 | PA      | $266427.13    | 0.12%             | 2034-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| XHR LP                                   | XHR LP                                                                           | CUSIP: 98372MAC9<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              | CORP              | US        |    775000 | PA      | $750778.46    | 0.35%             | 2029-06-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| XPO INC                                  | XPO Inc                                                                          | CUSIP: 983793AK6<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |    495000 | PA      | $510550.92    | 0.24%             | 2032-02-01      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                   | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    331000 | PA      | $348444.03    | 0.16%             | 2031-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                   | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    157000 | PA      | $165857.79    | 0.08%             | 2033-03-15      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORP                  | Zebra Technologies Corp                                                          | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |    819000 | PA      | $824582.30    | 0.39%             | 2032-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ZEGONA FINANCE PLC                       | Zegona Finance PLC                                                               | CUSIP: 98927UAA5<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |    657000 | PA      | $688239.04    | 0.32%             | 2029-07-15      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| ZIGGO BOND CO BV                         | Ziggo Bond Co BV                                                                 | CUSIP: 98953GAD7<br>LEI: 213800JYI4P7V5QDOG59 | Long             | DBT              | CORP              | NL        |   1116000 | PA      | $957622.86    | 0.45%             | 2030-02-28      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| AMS-OSRAM AG                             | ams-OSRAM AG                                                                     | CUSIP: 000000000<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |    344000 | PA      | $416282.65    | 0.19%             | 2029-03-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                       | Ardonagh Finco Ltd                                                               | CUSIP: 000000000<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    237000 | PA      | $272046.80    | 0.13%             | 2031-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                        | Iliad Holding SAS                                                                | CUSIP: 000000000<br>LEI: 9695009BGMXB527HV965 | Long             | DBT              | CORP              | FR        |    334000 | PA      | $402187.33    | 0.19%             | 2031-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                        | Iliad Holding SAS                                                                | CUSIP: 000000000<br>LEI: 9695009BGMXB527HV965 | Long             | DBT              | CORP              | FR        |    165000 | PA      | $192951.73    | 0.09%             | 2030-04-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| GRIFOLS SA                               | Grifols SA                                                                       | CUSIP: 000000000<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    427000 | PA      | $510175.46    | 0.24%             | 2030-05-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                 | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    372000 | PA      | $422180.18    | 0.20%             | 2031-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| MAXAM PRILL SARL                         | Maxam Prill Sarl                                                                 | CUSIP: 000000000<br>LEI: 984500C4C5B820A6B691 | Long             | DBT              | CORP              | LU        |    677000 | PA      | $773319.80    | 0.36%             | 2030-07-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| MAXEDA DIY HOLDING BV                    | Maxeda DIY Holding BV                                                            | CUSIP: 000000000<br>LEI: 724500KEZU4CPEQLGZ87 | Long             | DBT              | CORP              | NL        |       625 | PA      | $727.77       | 0.00%             | 2031-03-24      | Fixed         | 8.13%                 | Yes           |                  2 | On Loan: No      |
| PETRA DIAMONDS US TREAS                  | Petra Diamonds US Treasury PLC                                                   | CUSIP: 000000000<br>LEI: 635400LZYOO6WHAO2H58 | Long             | DBT              | CORP              | GB        |    357212 | PA      | $204921.46    | 0.10%             | 2030-03-08      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Avation PLC                              | Avation PLC                                                                      | CUSIP: 000000000<br>LEI: 213800KA972GUP1B6I78 | N/A              | DE               |  | GB        |     11113 | NS      | $1397.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Petra Diamonds Ltd                       | Petra Diamonds Ltd                                                               | CUSIP: 000000000<br>LEI: 213800X4QZIAVSA12860 | Long             | EC               | CORP              | BM        |     24291 | NS      | $5337.17      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO CURRENCY                            | EURO CURRENCY                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             |  |  | N/A       |    250328 | NS      | $289341.81    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-29

**Name of Applicant:** MFS VARIABLE INSURANCE TRUST II

**Signature:** James Byrne

**Name of Signer:** James Byrne

**Title:** Assistant Treasurer