# EDGAR Filing Document

**Accession Number:** 0000053808
**File Stem:** 0000940400-26-021266
**Filing Date:** 2026-5
**Character Count:** 237229
**Document Hash:** 7f9581f2a576fac034124e3df3a8486d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-021266.hdr.sgml**: 20260527

**ACCESSION NUMBER**: 0000940400-26-021266

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260527

**DATE AS OF CHANGE**: 20260527

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BNY Mellon Investment Funds III
- **CENTRAL INDEX KEY:** 0000053808

**ORGANIZATION NAME:**
- **EIN:** 042694144
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-00524
- **FILM NUMBER:** 261023831

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BNY MELLON INVESTMENT ADVISER, INC.
- **STREET 2:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10286
- **BUSINESS PHONE:** 2129226400

**MAIL ADDRESS:**
- **STREET 1:** C/O BNY MELLON INVESTMENT ADVISER, INC.
- **STREET 2:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10286

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS/LAUREL FUNDS TRUST
- **DATE OF NAME CHANGE:** 20181030

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS LAUREL FUNDS TRUST
- **DATE OF NAME CHANGE:** 19941122

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LAUREL FUNDS TRUST
- **DATE OF NAME CHANGE:** 19940202

## Series and Classes Contracts Data

### BNY Mellon High Yield Fund (Series ID: S000000317)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000000790 | Class A      | DPLTX           |
| C000000792 | Class C      | PTHIX           |
| C000000793 | Class I      | DLHRX           |

## Nport-Ex

BNY Mellon High Yield Fund

SCHEDULE OF INVESTMENTS

March 31, 2026 (Unaudited)

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Coupon <br>Rate (%)<br>| Maturity <br>Date<br>|  | Principal <br>Amount ($)<sup>(a)</sup> <br>| Value ($) |
| **Collateralized Loan Obligations — 1.1%** | **Collateralized Loan Obligations — 1.1%** | **Collateralized Loan Obligations — 1.1%** | **Collateralized Loan Obligations — 1.1%** | **Collateralized Loan Obligations — 1.1%** | **Collateralized Loan Obligations — 1.1%** |
| **Collateralized Loan Obligations Debt — 1.1%** | **Collateralized Loan Obligations Debt — 1.1%** | **Collateralized Loan Obligations Debt — 1.1%** | **Collateralized Loan Obligations Debt — 1.1%** | **Collateralized Loan Obligations Debt — 1.1%** | **Collateralized Loan Obligations Debt — 1.1%** |
| &nbsp;&nbsp;&nbsp; Ares European XII DAC CLO, Ser. 12A, Cl. E, (3 Month EURIBOR <br> +6.10%)<sup>(b),(c)</sup> <br>| 8.13 | 4/20/2032 | EUR<br>| 1450000 | 1674555 |
| &nbsp;&nbsp;&nbsp; Diameter Capital 3 Ltd. CLO, Ser. 2022-3A, Cl. DR, (3 Month TSFR <br> +5.25%)<sup>(b),(c)</sup> <br>| 8.92 | 1/15/2038 |  | 800000 | 783859 |
| St. Pauls CLO, Ser. 11A, Cl. E, (3 Month EURIBOR +6.00%)<sup>(b),(c)</sup> <br>| 8.03 | 1/17/2032 | EUR<br>| 1000000 | 1106985 |
| Trimaran Cavu Ltd. CLO, Ser. 2019-1A, Cl. ER, (3 Month TSFR +6.00%)<sup>(b),(c)</sup> <br>| 9.67 | 1/20/2037 |  | 1400000 | 1340193 |
| &nbsp;&nbsp;&nbsp; **Total Collateralized Loan Obligations** <br>(cost $5,035,293) | &nbsp;&nbsp;&nbsp; **Total Collateralized Loan Obligations** <br>(cost $5,035,293) | &nbsp;&nbsp;&nbsp; **Total Collateralized Loan Obligations** <br>(cost $5,035,293) |  |  | **4905592** |
| **Convertible Corporate Bonds and Notes — .3%** | **Convertible Corporate Bonds and Notes — .3%** | **Convertible Corporate Bonds and Notes — .3%** | **Convertible Corporate Bonds and Notes — .3%** | **Convertible Corporate Bonds and Notes — .3%** | **Convertible Corporate Bonds and Notes — .3%** |
| **Diversified Financials — .0%** | **Diversified Financials — .0%** | **Diversified Financials — .0%** | **Diversified Financials — .0%** | **Diversified Financials — .0%** | **Diversified Financials — .0%** |
| Riot Platforms, Inc., Sr. Unscd. Notes | 0.75 | 1/15/2030 |  | 270000 | **311175** |
| **Information Technology — .1%** | **Information Technology — .1%** | **Information Technology — .1%** | **Information Technology — .1%** | **Information Technology — .1%** | **Information Technology — .1%** |
| Nebius Group NV, Sr. Unscd. Notes<sup>(b)</sup> <br>| 2.63 | 3/15/2033 |  | 430000 | **401878** |
| **Telecommunication Services — .2%** | **Telecommunication Services — .2%** | **Telecommunication Services — .2%** | **Telecommunication Services — .2%** | **Telecommunication Services — .2%** | **Telecommunication Services — .2%** |
| EchoStar Corp., Sr. Scd. Bonds<sup>(d)</sup> <br>| 3.88 | 11/30/2030 |  | 215000 | **768539** |
| &nbsp;&nbsp;&nbsp; **Total Convertible Corporate Bonds and Notes** <br>(cost $1,498,515) | &nbsp;&nbsp;&nbsp; **Total Convertible Corporate Bonds and Notes** <br>(cost $1,498,515) | &nbsp;&nbsp;&nbsp; **Total Convertible Corporate Bonds and Notes** <br>(cost $1,498,515) |  |  | **1481592** |
| **Corporate Bonds and Notes — 88.7%** | **Corporate Bonds and Notes — 88.7%** | **Corporate Bonds and Notes — 88.7%** | **Corporate Bonds and Notes — 88.7%** | **Corporate Bonds and Notes — 88.7%** | **Corporate Bonds and Notes — 88.7%** |
| **Advertising — .9%** | **Advertising — .9%** | **Advertising — .9%** | **Advertising — .9%** | **Advertising — .9%** | **Advertising — .9%** |
| Neptune Bidco US, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 9.29 | 4/15/2029 |  | 1997000 | 2004185 |
| Neptune Bidco US, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 9.50 | 2/15/2033 |  | 1875000 | 1821542 |
|  |  |  |  |  | **3825727** |
| **Aerospace & Defense — 3.4%** | **Aerospace & Defense — 3.4%** | **Aerospace & Defense — 3.4%** | **Aerospace & Defense — 3.4%** | **Aerospace & Defense — 3.4%** | **Aerospace & Defense — 3.4%** |
| AAR Escrow Issuer LLC, Gtd. Notes<sup>(b)</sup> <br>| 6.75 | 3/15/2029 |  | 2146000 | 2185695 |
| Bombardier, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>| 6.75 | 6/15/2033 |  | 1564000 | 1617110 |
| Goat Holdco LLC, Sr. Scd. Notes<sup>(b)</sup> <br>| 6.75 | 2/1/2032 |  | 3253000 | 3275751 |
| TransDigm, Inc., Gtd. Notes<sup>(b),(e)</sup> <br>| 6.13 | 7/31/2034 |  | 128000 | 126053 |
| TransDigm, Inc., Gtd. Notes<sup>(b)</sup> <br>| 6.38 | 5/31/2033 |  | 1625000 | 1617620 |
| TransDigm, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 6.38 | 3/1/2029 |  | 2205000 | 2248908 |
| TransDigm, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 6.88 | 12/15/2030 |  | 3130000 | 3209167 |
| TransDigm, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 7.13 | 12/1/2031 |  | 467000 | 482601 |
|  |  |  |  |  | **14762905** |
| **Airlines — 1.2%** | **Airlines — 1.2%** | **Airlines — 1.2%** | **Airlines — 1.2%** | **Airlines — 1.2%** | **Airlines — 1.2%** |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd., Sr. Scd. Notes<sup>(b)</sup> <br>| 5.75 | 4/20/2029 |  | 2317451 | 2306259 |
| JetBlue Airways Corp./JetBlue Loyalty LP, Sr. Scd. Notes<sup>(b)</sup> <br>| 9.88 | 9/20/2031 |  | 1337000 | 1265361 |
| United Airlines Holdings, Inc., Gtd. Notes | 4.88 | 3/1/2029 |  | 953000 | 934494 |
| United Airlines Holdings, Inc., Gtd. Notes<sup>(e)</sup> <br>| 5.38 | 3/1/2031 |  | 960000 | 941344 |
|  |  |  |  |  | **5447458** |
| **Automobiles & Components — 2.1%** | **Automobiles & Components — 2.1%** | **Automobiles & Components — 2.1%** | **Automobiles & Components — 2.1%** | **Automobiles & Components — 2.1%** | **Automobiles & Components — 2.1%** |
| Clarios Global LP/Clarios US Finance Co., Gtd. Notes<sup>(b)</sup> <br>| 6.75 | 9/15/2032 |  | 1326000 | 1337443 |
| Clarios Global LP/Clarios US Finance Co., Sr. Scd. Notes<sup>(b)</sup> <br>| 6.75 | 5/15/2028 |  | 1470000 | 1485128 |
| Forvia SE, Sr. Unscd. Notes<sup>(b),(e)</sup> <br>| 6.75 | 9/15/2033 |  | 1313000 | 1282741 |
| Nissan Motor Co. Ltd., Sr. Unscd. Notes<sup>(b)</sup> <br>| 7.50 | 7/17/2030 |  | 1766000 | 1781093 |
| Qnity Electronics, Inc., Gtd. Notes<sup>(b)</sup> <br>| 6.25 | 8/15/2033 |  | 669000 | 677287 |
| Qnity Electronics, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 5.75 | 8/15/2032 |  | 1555000 | 1558796 |
| The Goodyear Tire & Rubber Company, Gtd. Notes | 5.00 | 7/15/2029 |  | 1087000 | 1029331 |
|  |  |  |  |  | **9151819** |

---

**3**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>|  | Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** |
| **Banks — .5%** | **Banks — .5%** | **Banks — .5%** | **Banks — .5%** | **Banks — .5%** | **Banks — .5%** |
| Citigroup, Inc., Jr. Sub. Bonds<sup>(f)</sup> <br>| 6.63 | 2/15/2031 |  | 2220000 | **2223175** |
| **Building Materials — 2.3%** | **Building Materials — 2.3%** | **Building Materials — 2.3%** | **Building Materials — 2.3%** | **Building Materials — 2.3%** | **Building Materials — 2.3%** |
| Builders FirstSource, Inc., Gtd. Notes<sup>(b)</sup> <br>| 4.25 | 2/1/2032 |  | 1482000 | 1366185 |
| EMRLD Borrower LP/Emerald Co-Issuer, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 6.63 | 12/15/2030 |  | 3180000 | 3238223 |
| MIWD Holdco II LLC/MIWD Finance Corp., Gtd. Notes<sup>(b),(e)</sup> <br>| 5.50 | 2/1/2030 |  | 1209000 | 1045528 |
| Quikrete Holdings, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 6.38 | 3/1/2032 |  | 1756000 | 1781906 |
| Quikrete Holdings, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>| 6.75 | 3/1/2033 |  | 1096000 | 1113991 |
| Standard Building Solutions, Inc., Gtd. Notes<sup>(b)</sup> <br>| 5.88 | 3/15/2034 |  | 934000 | 901533 |
| Standard Industries, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>| 4.75 | 1/15/2028 |  | 674000 | 666752 |
|  |  |  |  |  | **10114118** |
| **Chemicals — 1.5%** | **Chemicals — 1.5%** | **Chemicals — 1.5%** | **Chemicals — 1.5%** | **Chemicals — 1.5%** | **Chemicals — 1.5%** |
| Celanese US Holdings LLC, Gtd. Notes<sup>(e)</sup> <br>| 6.75 | 4/15/2033 |  | 1200000 | 1231912 |
| INEOS Finance PLC, Sr. Scd. Bonds<sup>(b)</sup> <br>| 7.25 | 3/31/2031 | EUR<br>| 610000 | 643962 |
| Innophos Holdings, Inc., Bonds<sup>(b)</sup> <br>| 11.50 | 6/15/2029 |  | 775000 | 642072 |
| Olympus Water US Holding Corp., Sr. Scd. Notes<sup>(b)</sup> <br>| 6.75 | 8/1/2032 |  | 970000 | 924738 |
| Olympus Water US Holding Corp., Sr. Scd. Notes<sup>(b)</sup> <br>| 7.25 | 2/15/2033 |  | 1340000 | 1279681 |
| WR Grace Holdings LLC, Sr. Scd. Notes<sup>(b)</sup> <br>| 6.63 | 8/15/2032 |  | 931000 | 907991 |
| WR Grace Holdings LLC, Sr. Scd. Notes<sup>(b)</sup> <br>| 7.00 | 8/1/2033 |  | 958000 | 931205 |
|  |  |  |  |  | **6561561** |
| **Commercial & Professional Services — 4.1%** | **Commercial & Professional Services — 4.1%** | **Commercial & Professional Services — 4.1%** | **Commercial & Professional Services — 4.1%** | **Commercial & Professional Services — 4.1%** | **Commercial & Professional Services — 4.1%** |
| Albion Financing 1 Sarl/Aggreko Holdings, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 7.00 | 5/21/2030 |  | 1328000 | 1358248 |
| Allied Universal Holdco LLC/Allied Universal Finance Corp., Sr. Scd. Notes<sup>(b)</sup> <br>| 6.88 | 6/15/2030 |  | 1570000 | 1592690 |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco <br> 4 Sarl, Sr. Scd. Notes<sup>(b)</sup> <br>| 4.63 | 6/1/2028 |  | 880000 | 860332 |
| Belron UK Finance PLC, Sr. Scd. Notes<sup>(b)</sup> <br>| 5.75 | 10/15/2029 |  | 1777000 | 1789377 |
| Herc Holdings, Inc., Gtd. Notes<sup>(b),(e)</sup> <br>| 5.75 | 3/15/2031 |  | 1886000 | 1859157 |
| Raven Acquisition Holdings LLC, Sr. Scd. Notes<sup>(b)</sup> <br>| 6.88 | 11/15/2031 |  | 1742000 | 1680868 |
| Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., Gtd. Notes<sup>(b)</sup> <br>| 6.75 | 8/15/2032 |  | 1160000 | 1142067 |
| The ADT Security Corp., Sr. Scd. Bonds<sup>(b)</sup> <br>| 5.88 | 10/15/2033 |  | 1214000 | 1176972 |
| The ADT Security Corp., Sr. Scd. Notes<sup>(b),(e)</sup> <br>| 4.88 | 7/15/2032 |  | 1035000 | 967894 |
| United Rentals North America, Inc., Gtd. Notes | 3.75 | 1/15/2032 |  | 1031000 | 946224 |
| United Rentals North America, Inc., Gtd. Notes | 4.00 | 7/15/2030 |  | 904000 | 859338 |
| Veritiv Operating Co., Sr. Scd. Notes<sup>(b)</sup> <br>| 10.50 | 11/30/2030 |  | 1068000 | 1111252 |
| Wand NewCo 3, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 7.63 | 1/30/2032 |  | 2676000 | 2737634 |
|  |  |  |  |  | **18082053** |
| **Consumer Discretionary — 5.4%** | **Consumer Discretionary — 5.4%** | **Consumer Discretionary — 5.4%** | **Consumer Discretionary — 5.4%** | **Consumer Discretionary — 5.4%** | **Consumer Discretionary — 5.4%** |
| Allwyn Entertainment Financing UK PLC, Sr. Scd. Notes<sup>(b),(e)</sup> <br>| 7.88 | 4/30/2029 |  | 1480000 | 1514088 |
| Ashton Woods USA LLC/Ashton Woods Finance Co., Sr. Unscd. Notes<sup>(b)</sup> <br>| 4.63 | 8/1/2029 |  | 629000 | 594803 |
| Caesars Entertainment, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 7.00 | 2/15/2030 |  | 1185000 | 1200209 |
| Carnival Corp., Gtd. Notes<sup>(b)</sup> <br>| 5.75 | 8/1/2032 |  | 1310000 | 1311211 |
| Carnival Corp., Gtd. Notes<sup>(b),(e)</sup> <br>| 6.13 | 2/15/2033 |  | 2202000 | 2225187 |
| Dealer Tire LLC/DT Issuer LLC, Sr. Unscd. Notes<sup>(b)</sup> <br>| 8.00 | 2/1/2028 |  | 769000 | 752377 |
| Discovery Global Holdings, Inc., Gtd. Notes<sup>(e)</sup> <br>| 4.28 | 3/15/2032 |  | 1188000 | 1052865 |
| Hilton Domestic Operating Co., Inc., Gtd. Notes<sup>(b)</sup> <br>| 4.00 | 5/1/2031 |  | 1650000 | 1549892 |
| Hilton Domestic Operating Co., Inc., Gtd. Notes<sup>(b)</sup> <br>| 5.50 | 3/31/2034 |  | 629000 | 615012 |
| Installed Building Products, Inc., Gtd. Notes<sup>(b)</sup> <br>| 5.63 | 2/1/2034 |  | 1573000 | 1538860 |
| Light & Wonder International, Inc., Gtd. Notes<sup>(b)</sup> <br>| 6.25 | 10/1/2033 |  | 1384000 | 1356970 |
| &nbsp;&nbsp;&nbsp; Mohegan Tribal Gaming Authority/MS Digital Entertainment Holdings LLC, <br> Scd. Notes<sup>(b)</sup> <br>| 11.88 | 4/15/2031 |  | 1100000 | 1146670 |
| &nbsp;&nbsp;&nbsp; Mohegan Tribal Gaming Authority/MS Digital Entertainment Holdings LLC, <br> Sr. Scd. Notes<sup>(b)</sup> <br>| 8.25 | 4/15/2030 |  | 1324000 | 1356319 |

---

**4**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>|  | Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** |
| **Consumer Discretionary — 5.4% (continued)** | **Consumer Discretionary — 5.4% (continued)** | **Consumer Discretionary — 5.4% (continued)** | **Consumer Discretionary — 5.4% (continued)** | **Consumer Discretionary — 5.4% (continued)** | **Consumer Discretionary — 5.4% (continued)** |
| NCL Corp. Ltd., Sr. Unscd. Notes<sup>(b)</sup> <br>| 5.88 | 1/15/2031 |  | 946000 | 919669 |
| NCL Corp. Ltd., Sr. Unscd. Notes<sup>(b)</sup> <br>| 6.75 | 2/1/2032 |  | 1329000 | 1319887 |
| Resideo Funding, Inc., Gtd. Notes<sup>(b),(e)</sup> <br>| 4.00 | 9/1/2029 |  | 2037000 | 1926730 |
| Station Casinos LLC, Gtd. Notes<sup>(b),(e)</sup> <br>| 4.63 | 12/1/2031 |  | 1200000 | 1121628 |
| Taylor Morrison Communities, Inc., Gtd. Notes<sup>(b)</sup> <br>| 5.75 | 11/15/2032 |  | 1095000 | 1097261 |
| Viking Cruises Ltd., Gtd. Notes<sup>(b)</sup> <br>| 5.88 | 10/15/2033 |  | 1253000 | 1237998 |
|  |  |  |  |  | **23837636** |
| **Consumer Durables & Apparel — .7%** | **Consumer Durables & Apparel — .7%** | **Consumer Durables & Apparel — .7%** | **Consumer Durables & Apparel — .7%** | **Consumer Durables & Apparel — .7%** | **Consumer Durables & Apparel — .7%** |
| Beach Acquisition Bidco LLC, Sr. Scd. Bonds<sup>(b)</sup> <br>| 5.25 | 7/15/2032 | EUR<br>| 590000 | 655718 |
| Beach Acquisition Bidco LLC, Sr. Unscd. Notes<sup>(b),(d)</sup> <br>| 10.00 | 7/15/2033 |  | 2245588 | 2393219 |
|  |  |  |  |  | **3048937** |
| **Diversified Financials — 4.9%** | **Diversified Financials — 4.9%** | **Diversified Financials — 4.9%** | **Diversified Financials — 4.9%** | **Diversified Financials — 4.9%** | **Diversified Financials — 4.9%** |
| Icahn Enterprises LP/Icahn Enterprises Finance Corp., Sr. Scd. Notes<sup>(e)</sup> <br>| 9.75 | 1/15/2029 |  | 774000 | 761513 |
| Jane Street Group/JSG Finance, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 6.13 | 11/1/2032 |  | 2056000 | 2034934 |
| Jane Street Group/JSG Finance, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 7.13 | 4/30/2031 |  | 2369000 | 2436673 |
| OneMain Finance Corp., Gtd. Notes | 6.13 | 5/15/2030 |  | 660000 | 645827 |
| OneMain Finance Corp., Gtd. Notes | 7.88 | 3/15/2030 |  | 638000 | 658826 |
| Osaic Holdings, Inc., Gtd. Notes<sup>(b)</sup> <br>| 8.00 | 8/1/2033 |  | 1041000 | 1028526 |
| Osaic Holdings, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 6.75 | 8/1/2032 |  | 880000 | 880761 |
| PennyMac Financial Services, Inc., Gtd. Notes<sup>(b)</sup> <br>| 6.75 | 2/15/2034 |  | 821000 | 769173 |
| PennyMac Financial Services, Inc., Gtd. Notes<sup>(b)</sup> <br>| 7.13 | 11/15/2030 |  | 1081000 | 1075081 |
| PHH Escrow Issuer LLC/PHH Corp., Gtd. Notes<sup>(b)</sup> <br>| 9.88 | 11/1/2029 |  | 1447000 | 1397630 |
| Rocket Cos., Inc., Gtd. Notes<sup>(b)</sup> <br>| 6.13 | 8/1/2030 |  | 966000 | 975512 |
| Rocket Cos., Inc., Gtd. Notes<sup>(b)</sup> <br>| 6.38 | 8/1/2033 |  | 1110000 | 1123313 |
| Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., Gtd. Notes<sup>(b),(e)</sup> <br>| 4.00 | 10/15/2033 |  | 1743000 | 1563692 |
| UWM Holdings LLC, Gtd. Notes<sup>(b)</sup> <br>| 6.25 | 3/15/2031 |  | 1866000 | 1700907 |
| UWM Holdings LLC, Gtd. Notes<sup>(b)</sup> <br>| 6.63 | 2/1/2030 |  | 1429000 | 1349072 |
| VFH Parent LLC/Valor Co-Issuer, Inc., Sr. Scd. Bonds<sup>(b)</sup> <br>| 7.50 | 6/15/2031 |  | 3265000 | 3357067 |
|  |  |  |  |  | **21758507** |
| **Electronic Components — .6%** | **Electronic Components — .6%** | **Electronic Components — .6%** | **Electronic Components — .6%** | **Electronic Components — .6%** | **Electronic Components — .6%** |
| WESCO Distribution, Inc., Gtd. Notes<sup>(b)</sup> <br>| 5.50 | 4/15/2034 |  | 1295000 | 1278617 |
| WESCO Distribution, Inc., Gtd. Notes<sup>(b)</sup> <br>| 6.38 | 3/15/2033 |  | 1247000 | 1271469 |
|  |  |  |  |  | **2550086** |
| **Energy — 9.9%** | **Energy — 9.9%** | **Energy — 9.9%** | **Energy — 9.9%** | **Energy — 9.9%** | **Energy — 9.9%** |
| &nbsp;&nbsp;&nbsp; Antero Midstream Partners LP/Antero Midstream Finance Corp., Gtd. <br> Notes<sup>(b)</sup> <br>| 5.75 | 7/1/2034 |  | 1387000 | 1367723 |
| BKV Upstream Midstream LLC, Gtd. Notes<sup>(b)</sup> <br>| 7.50 | 10/15/2030 |  | 2696000 | 2726837 |
| Blue Racer Midstream LLC/Blue Racer Finance Corp., Sr. Unscd. Notes<sup>(b)</sup> <br>| 7.00 | 7/15/2029 |  | 1092000 | 1128719 |
| Comstock Resources, Inc., Gtd. Notes<sup>(b)</sup> <br>| 5.88 | 1/15/2030 |  | 1501000 | 1454258 |
| Comstock Resources, Inc., Gtd. Notes<sup>(b)</sup> <br>| 6.75 | 3/1/2029 |  | 1631000 | 1611147 |
| CQP Holdco LP/BIP-V Chinook Holdco LLC, Sr. Scd. Notes<sup>(b)</sup> <br>| 5.50 | 6/15/2031 |  | 2377000 | 2319245 |
| DBR Land Holdings LLC, Gtd. Notes<sup>(b)</sup> <br>| 6.25 | 12/1/2030 |  | 2377000 | 2408186 |
| Energy Transfer LP, Jr. Sub. Notes, Ser. B<sup>(e),(f)</sup> <br>| 6.63 | 2/15/2028 |  | 2506000 | 2508238 |
| Gulfport Energy Operating Corp., Gtd. Notes<sup>(b)</sup> <br>| 6.75 | 9/1/2029 |  | 2929000 | 2999208 |
| Matador Resources Co., Gtd. Notes<sup>(b)</sup> <br>| 6.50 | 4/15/2032 |  | 1449000 | 1465838 |
| Moss Creek Resources Holdings, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>| 8.25 | 9/1/2031 |  | 1376000 | 1376102 |
| Noble Finance II LLC, Gtd. Notes<sup>(b)</sup> <br>| 8.00 | 4/15/2030 |  | 1944000 | 2002537 |
| Northern Oil & Gas, Inc., Sr. Unscd. Notes<sup>(b),(e)</sup> <br>| 7.88 | 10/15/2033 |  | 1167000 | 1208205 |
| Northern Oil & Gas, Inc., Sr. Unscd. Notes<sup>(b),(e)</sup> <br>| 8.75 | 6/15/2031 |  | 1383000 | 1438901 |
| Northriver Midstream Finance LP, Sr. Scd. Notes<sup>(b)</sup> <br>| 6.75 | 7/15/2032 |  | 1573000 | 1578735 |

---

**5**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>|  | Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** |
| **Energy — 9.9% (continued)** | **Energy — 9.9% (continued)** | **Energy — 9.9% (continued)** | **Energy — 9.9% (continued)** | **Energy — 9.9% (continued)** | **Energy — 9.9% (continued)** |
| Rockies Express Pipeline LLC, Sr. Unscd. Notes<sup>(b)</sup> <br>| 4.80 | 5/15/2030 |  | 1865000 | 1789803 |
| SM Energy Co., Gtd. Notes<sup>(b)</sup> <br>| 6.75 | 8/1/2029 |  | 1187000 | 1205739 |
| Sunoco LP, Gtd. Notes<sup>(b)</sup> <br>| 5.63 | 3/15/2031 |  | 1820000 | 1812935 |
| Sunoco LP, Gtd. Notes<sup>(b)</sup> <br>| 5.63 | 7/15/2034 |  | 412000 | 405983 |
| Sunoco LP, Jr. Sub. Notes<sup>(b),(f)</sup> <br>| 7.88 | 9/18/2030 |  | 2167000 | 2214210 |
| TerraForm Power Operating LLC, Gtd. Notes<sup>(b)</sup> <br>| 4.75 | 1/15/2030 |  | 1437000 | 1377076 |
| TGNR Intermediate Holdings LLC, Sr. Unscd. Notes<sup>(b)</sup> <br>| 5.50 | 10/15/2029 |  | 3009000 | 2944358 |
| Transocean International Ltd., Gtd. Notes | 6.80 | 3/15/2038 |  | 342000 | 328797 |
| Venture Global Calcasieu Pass LLC, Sr. Scd. Notes<sup>(b)</sup> <br>| 4.13 | 8/15/2031 |  | 2038000 | 1891469 |
| Venture Global Plaquemines LNG LLC, Sr. Scd. Bonds<sup>(b)</sup> <br>| 6.13 | 12/15/2030 |  | 660000 | 679124 |
| Venture Global Plaquemines LNG LLC, Sr. Scd. Notes<sup>(b)</sup> <br>| 6.50 | 1/15/2034 |  | 1251000 | 1304892 |
|  |  |  |  |  | **43548265** |
| **Environmental Control — 1.3%** | **Environmental Control — 1.3%** | **Environmental Control — 1.3%** | **Environmental Control — 1.3%** | **Environmental Control — 1.3%** | **Environmental Control — 1.3%** |
| GFL Environmental Holdings US, Inc., Gtd. Notes<sup>(b)</sup> <br>| 5.50 | 2/1/2034 |  | 2008000 | 1971948 |
| Madison IAQ LLC, Sr. Scd. Notes<sup>(b)</sup> <br>| 4.13 | 6/30/2028 |  | 1984000 | 1938970 |
| Waste Pro USA, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>| 7.00 | 2/1/2033 |  | 1964000 | 1991007 |
|  |  |  |  |  | **5901925** |
| **Food Products — 2.6%** | **Food Products — 2.6%** | **Food Products — 2.6%** | **Food Products — 2.6%** | **Food Products — 2.6%** | **Food Products — 2.6%** |
| Fiesta Purchaser, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 7.88 | 3/1/2031 |  | 1008000 | 1027044 |
| Fiesta Purchaser, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>| 9.63 | 9/15/2032 |  | 1625000 | 1659078 |
| Froneri Lux FinCo Sarl, Sr. Scd. Notes<sup>(b)</sup> <br>| 6.00 | 8/1/2032 |  | 1710000 | 1668913 |
| Post Holdings, Inc., Gtd. Notes<sup>(b)</sup> <br>| 4.63 | 4/15/2030 |  | 2176000 | 2090493 |
| Post Holdings, Inc., Gtd. Notes<sup>(b)</sup> <br>| 6.38 | 3/1/2033 |  | 851000 | 839127 |
| Post Holdings, Inc., Gtd. Notes<sup>(b)</sup> <br>| 6.50 | 3/15/2036 |  | 1579000 | 1547935 |
| &nbsp;&nbsp;&nbsp; Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, <br> Inc./Simmons Feed, Scd. Notes<sup>(b),(e)</sup> <br>| 4.63 | 3/1/2029 |  | 2824000 | 2719741 |
|  |  |  |  |  | **11552331** |
| **Forest Products & Paper — .1%** | **Forest Products & Paper — .1%** | **Forest Products & Paper — .1%** | **Forest Products & Paper — .1%** | **Forest Products & Paper — .1%** | **Forest Products & Paper — .1%** |
| Mercer International, Inc., Sr. Unscd. Notes<sup>(b),(e)</sup> <br>| 12.88 | 10/1/2028 |  | 490000 | **309957** |
| **Health Care — 7.1%** | **Health Care — 7.1%** | **Health Care — 7.1%** | **Health Care — 7.1%** | **Health Care — 7.1%** | **Health Care — 7.1%** |
| 1261229 BC Ltd., Sr. Scd. Notes<sup>(b)</sup> <br>| 10.00 | 4/15/2032 |  | 3217000 | 3296425 |
| Bausch Health Americas, Inc., Gtd. Notes<sup>(b)</sup> <br>| 8.50 | 1/31/2027 |  | 644000 | 638500 |
| Bausch Health Cos., Inc., Gtd. Notes<sup>(b)</sup> <br>| 5.00 | 1/30/2028 |  | 781000 | 660800 |
| Bausch Health Cos., Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 11.00 | 9/30/2028 |  | 655000 | 668748 |
| CHS/Community Health Systems, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 5.25 | 5/15/2030 |  | 565000 | 532864 |
| CHS/Community Health Systems, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 9.75 | 1/15/2034 |  | 2699000 | 2804580 |
| CHS/Community Health Systems, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 10.88 | 1/15/2032 |  | 1308000 | 1404937 |
| Cidron Aida Finco Sarl, Sr. Scd. Bonds<sup>(b)</sup> <br>| 7.00 | 10/27/2031 | EUR<br>| 566000 | 619419 |
| Genmab A/S/Genmab Finance LLC, Sr. Scd. Notes<sup>(b)</sup> <br>| 6.25 | 12/15/2032 |  | 1480000 | 1518416 |
| Insulet Corp., Sr. Unscd. Notes<sup>(b)</sup> <br>| 6.50 | 4/1/2033 |  | 1184000 | 1209381 |
| IQVIA, Inc., Gtd. Notes<sup>(b)</sup> <br>| 6.25 | 6/1/2032 |  | 1306000 | 1327864 |
| LifePoint Health, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 8.38 | 2/15/2032 |  | 1087000 | 1161614 |
| LifePoint Health, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>| 10.00 | 6/1/2032 |  | 2508000 | 2564380 |
| Option Care Health, Inc., Gtd. Notes<sup>(b)</sup> <br>| 4.38 | 10/31/2029 |  | 2344000 | 2260655 |
| Radiology Partners, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 8.50 | 7/15/2032 |  | 1598000 | 1622162 |
| Sotera Health Holdings LLC, Sr. Scd. Notes<sup>(b)</sup> <br>| 7.38 | 6/1/2031 |  | 2471000 | 2555565 |
| Team Health Holdings, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 8.38 | 6/30/2028 |  | 2207000 | 2180278 |
| Tenet Healthcare Corp., Sr. Scd. Notes | 4.25 | 6/1/2029 |  | 875000 | 848992 |
| Tenet Healthcare Corp., Sr. Scd. Notes | 6.13 | 6/15/2030 |  | 1132000 | 1140775 |

---

**6**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>|  | Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** |
| **Health Care — 7.1% (continued)** | **Health Care — 7.1% (continued)** | **Health Care — 7.1% (continued)** | **Health Care — 7.1% (continued)** | **Health Care — 7.1% (continued)** | **Health Care — 7.1% (continued)** |
| Tenet Healthcare Corp., Sr. Scd. Notes | 6.75 | 5/15/2031 |  | 1105000 | 1130114 |
| Tenet Healthcare Corp., Sr. Unscd. Notes<sup>(b),(e)</sup> <br>| 6.00 | 11/15/2033 |  | 1090000 | 1103773 |
|  |  |  |  |  | **31250242** |
| **Industrial — 2.0%** | **Industrial — 2.0%** | **Industrial — 2.0%** | **Industrial — 2.0%** | **Industrial — 2.0%** | **Industrial — 2.0%** |
| Arcosa, Inc., Gtd. Notes<sup>(b)</sup> <br>| 6.88 | 8/15/2032 |  | 1240000 | 1271512 |
| Artera Services LLC, Sr. Scd. Notes<sup>(b),(e)</sup> <br>| 8.50 | 2/15/2031 |  | 935000 | 801413 |
| Columbus McKinnon Corp., Sr. Scd. Notes<sup>(b),(e)</sup> <br>| 7.13 | 2/1/2033 |  | 2157000 | 2158025 |
| CTEC II GmbH, Sr. Unscd. Bonds<sup>(b)</sup> <br>| 5.25 | 2/15/2030 | EUR<br>| 630000 | 660432 |
| Dycom Industries, Inc., Gtd. Notes<sup>(b)</sup> <br>| 4.50 | 4/15/2029 |  | 1155000 | 1121165 |
| Entegris, Inc., Gtd. Notes<sup>(b)</sup> <br>| 5.95 | 6/15/2030 |  | 1311000 | 1320220 |
| GrafTech Finance, Inc., Scd. Notes<sup>(b)</sup> <br>| 4.63 | 12/23/2029 |  | 1662000 | 929530 |
| GrafTech Global Enterprises, Inc., Scd. Notes<sup>(b)</sup> <br>| 9.88 | 12/23/2029 |  | 805000 | 518176 |
|  |  |  |  |  | **8780473** |
| **Information Technology — 1.9%** | **Information Technology — 1.9%** | **Information Technology — 1.9%** | **Information Technology — 1.9%** | **Information Technology — 1.9%** | **Information Technology — 1.9%** |
| AthenaHealth Group, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>| 6.50 | 2/15/2030 |  | 2798000 | 2629263 |
| CoreWeave, Inc., Gtd. Notes<sup>(b),(e)</sup> <br>| 9.00 | 2/1/2031 |  | 610000 | 581189 |
| CoreWeave, Inc., Gtd. Notes<sup>(b),(e)</sup> <br>| 9.25 | 6/1/2030 |  | 2669000 | 2595908 |
| Oracle Corp., Sr. Unscd. Notes | 6.25 | 11/9/2032 |  | 870000 | 893152 |
| UKG, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 6.88 | 2/1/2031 |  | 1813000 | 1773423 |
|  |  |  |  |  | **8472935** |
| **Insurance — 3.8%** | **Insurance — 3.8%** | **Insurance — 3.8%** | **Insurance — 3.8%** | **Insurance — 3.8%** | **Insurance — 3.8%** |
| Acrisure LLC/Acrisure Finance, Inc., Sr. Scd. Bonds<sup>(b)</sup> <br>| 6.75 | 7/1/2032 |  | 2039000 | 1966805 |
| Acrisure LLC/Acrisure Finance, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>| 8.25 | 2/1/2029 |  | 841000 | 832011 |
| &nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, Sr. Scd. <br> Notes<sup>(b)</sup> <br>| 7.00 | 1/15/2031 |  | 1300000 | 1311729 |
| &nbsp;&nbsp;&nbsp; APH Somerset Investor 2 LLC/APH2 Somerset Investor <br> 2 LLC/APH3 Somerset Investor 2 LLC, Sr. Unscd. Notes<sup>(b)</sup> <br>| 7.88 | 11/1/2029 |  | 2497000 | 2260222 |
| Ardonagh Finco Ltd., Sr. Scd. Notes<sup>(b)</sup> <br>| 7.75 | 2/15/2031 |  | 696000 | 704670 |
| Global Atlantic Fin Co., Gtd. Notes<sup>(b),(e)</sup> <br>| 7.95 | 6/15/2033 |  | 1318000 | 1414852 |
| &nbsp;&nbsp;&nbsp; Howden UK Refinance PLC/Howden UK Refinance 2 PLC/Howden US <br> Refinance LLC, Sr. Scd. Notes<sup>(b)</sup> <br>| 7.25 | 2/15/2031 |  | 843000 | 850752 |
| &nbsp;&nbsp;&nbsp; Howden UK Refinance PLC/Howden UK Refinance 2 PLC/Howden US <br> Refinance LLC, Sr. Unscd. Notes<sup>(b)</sup> <br>| 8.13 | 2/15/2032 |  | 2362000 | 2215237 |
| Panther Escrow Issuer LLC, Sr. Scd. Notes<sup>(b)</sup> <br>| 7.13 | 6/1/2031 |  | 1994000 | 2001705 |
| Ryan Specialty LLC, Sr. Scd. Notes<sup>(b),(e)</sup> <br>| 5.88 | 8/1/2032 |  | 1259000 | 1245364 |
| The Nassau Companies of New York, Sr. Unscd. Notes<sup>(b),(e)</sup> <br>| 7.88 | 7/15/2030 |  | 1127000 | 1030488 |
| USI, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>| 7.50 | 1/15/2032 |  | 1102000 | 1117879 |
|  |  |  |  |  | **16951714** |
| **Internet Software & Services — .9%** | **Internet Software & Services — .9%** | **Internet Software & Services — .9%** | **Internet Software & Services — .9%** | **Internet Software & Services — .9%** | **Internet Software & Services — .9%** |
| Arches Buyer, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>| 6.13 | 12/1/2028 |  | 1182000 | 1132985 |
| Rakuten Group, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>| 9.75 | 4/15/2029 |  | 1147000 | 1223494 |
| United Group BV, Sr. Scd. Bonds<sup>(b)</sup> <br>| 6.50 | 10/31/2031 | EUR<br>| 600000 | 685949 |
| Wayfair LLC, Sr. Scd. Notes<sup>(b)</sup> <br>| 6.75 | 11/15/2032 |  | 871000 | 878309 |
|  |  |  |  |  | **3920737** |
| **Materials — .9%** | **Materials — .9%** | **Materials — .9%** | **Materials — .9%** | **Materials — .9%** | **Materials — .9%** |
| Clydesdale Acquisition Holdings, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 6.88 | 1/15/2030 |  | 1357000 | 1320663 |
| Graphic Packaging International LLC, Gtd. Notes<sup>(b),(e)</sup> <br>| 6.38 | 7/15/2032 |  | 1567000 | 1561566 |
| TriMas Corp., Gtd. Notes<sup>(b)</sup> <br>| 4.13 | 4/15/2029 |  | 1239000 | 1179942 |
|  |  |  |  |  | **4062171** |
| **Media — 6.8%** | **Media — 6.8%** | **Media — 6.8%** | **Media — 6.8%** | **Media — 6.8%** | **Media — 6.8%** |
| Block Communications, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 10.25 | 3/1/2031 |  | 675000 | 618240 |

---

**7**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>|  | Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** |
| **Media — 6.8% (continued)** | **Media — 6.8% (continued)** | **Media — 6.8% (continued)** | **Media — 6.8% (continued)** | **Media — 6.8% (continued)** | **Media — 6.8% (continued)** |
| CCO Holdings LLC/CCO Holdings Capital Corp., Gtd. Notes<sup>(b)</sup> <br>| 5.38 | 6/1/2029 |  | 2885000 | 2847128 |
| CCO Holdings LLC/CCO Holdings Capital Corp., Sr. Unscd. Notes<sup>(b),(e)</sup> <br>| 4.25 | 1/15/2034 |  | 750000 | 642318 |
| CCO Holdings LLC/CCO Holdings Capital Corp., Sr. Unscd. Notes<sup>(b)</sup> <br>| 4.50 | 8/15/2030 |  | 700000 | 654569 |
| CCO Holdings LLC/CCO Holdings Capital Corp., Sr. Unscd. Notes | 4.50 | 5/1/2032 |  | 1180000 | 1055139 |
| CCO Holdings LLC/CCO Holdings Capital Corp., Sr. Unscd. Notes<sup>(b)</sup> <br>| 5.00 | 2/1/2028 |  | 2328000 | 2310296 |
| CSC Holdings LLC, Gtd. Notes<sup>(b)</sup> <br>| 11.75 | 1/31/2029 |  | 1386000 | 1003145 |
| &nbsp;&nbsp;&nbsp; DIRECTV Financing LLC/DIRECTV Financing Co-Obligor, Inc., Sr. Scd. <br> Notes<sup>(b)</sup> <br>| 10.00 | 2/15/2031 |  | 1656000 | 1691801 |
| Discovery Communications LLC, Gtd. Notes | 4.13 | 5/15/2029 |  | 1341000 | 1295977 |
| DISH DBS Corp., Gtd. Notes | 5.13 | 6/1/2029 |  | 1568000 | 1402979 |
| DISH DBS Corp., Gtd. Notes | 7.38 | 7/1/2028 |  | 1731000 | 1681141 |
| DISH DBS Corp., Sr. Scd. Notes<sup>(b)</sup> <br>| 5.75 | 12/1/2028 |  | 781000 | 755850 |
| Gray Media, Inc., Scd. Notes<sup>(b)</sup> <br>| 9.63 | 7/15/2032 |  | 1060000 | 1060918 |
| Gray Media, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 7.25 | 8/15/2033 |  | 1259000 | 1269621 |
| Nexstar Media, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 6.50 | 9/15/2033 |  | 1149000 | 1158449 |
| Nexstar Media, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>| 7.25 | 4/15/2034 |  | 600000 | 602422 |
| Paramount Global, Gtd. Notes | 4.20 | 6/1/2029 |  | 680000 | 649563 |
| Paramount Global, Gtd. Notes<sup>(e)</sup> <br>| 4.95 | 1/15/2031 |  | 1420000 | 1315926 |
| Sinclair Television Group, Inc., Sr. Scd. Bonds<sup>(b)</sup> <br>| 8.13 | 2/15/2033 |  | 1298000 | 1320715 |
| Sirius XM Radio LLC, Gtd. Notes<sup>(b)</sup> <br>| 4.13 | 7/1/2030 |  | 1260000 | 1180598 |
| Sunrise FinCo I BV, Sr. Scd. Notes<sup>(b)</sup> <br>| 4.88 | 7/15/2031 |  | 1430000 | 1362954 |
| The EW Scripps Company, Scd. Notes<sup>(b)</sup> <br>| 9.88 | 8/15/2030 |  | 1361000 | 1322542 |
| Univision Communications, Inc., Sr. Scd. Notes<sup>(b),(e)</sup> <br>| 4.50 | 5/1/2029 |  | 1190000 | 1118846 |
| Virgin Media Secured Finance PLC, Sr. Scd. Notes<sup>(b)</sup> <br>| 5.50 | 5/15/2029 |  | 1507000 | 1446253 |
|  |  |  |  |  | **29767390** |
| **Metals & Mining — 2.2%** | **Metals & Mining — 2.2%** | **Metals & Mining — 2.2%** | **Metals & Mining — 2.2%** | **Metals & Mining — 2.2%** | **Metals & Mining — 2.2%** |
| Arsenal AIC Parent LLC, Sr. Scd. Notes<sup>(b)</sup> <br>| 8.00 | 10/1/2030 |  | 1510000 | 1574050 |
| Celsa Opco SA, Sr. Scd. Bonds<sup>(b)</sup> <br>| 8.25 | 12/15/2030 | EUR<br>| 778000 | 892251 |
| Cleveland-Cliffs, Inc., Gtd. Notes<sup>(b)</sup> <br>| 6.88 | 11/1/2029 |  | 659000 | 659386 |
| Cleveland-Cliffs, Inc., Gtd. Notes<sup>(b)</sup> <br>| 7.38 | 5/1/2033 |  | 710000 | 695154 |
| Cleveland-Cliffs, Inc., Gtd. Notes<sup>(b)</sup> <br>| 7.50 | 9/15/2031 |  | 652000 | 650945 |
| Fortescue Treasury Pty Ltd., Sr. Unscd. Notes<sup>(b),(e)</sup> <br>| 6.13 | 4/15/2032 |  | 1523000 | 1557614 |
| Novelis Corp., Gtd. Notes<sup>(b)</sup> <br>| 4.75 | 1/30/2030 |  | 1330000 | 1259195 |
| Novelis Corp., Gtd. Notes<sup>(b)</sup> <br>| 6.38 | 8/15/2033 |  | 912000 | 895308 |
| Samarco Mineracao SA, Sr. Unscd. Notes<sup>(b),(d)</sup> <br>| 9.50 | 6/30/2031 |  | 1245168 | 1225907 |
| Samarco Mineracao SA, Sr. Unscd. Notes<sup>(d)</sup> <br>| 9.50 | 6/30/2031 |  | 276893 | 272611 |
|  |  |  |  |  | **9682421** |
| **Real Estate — 3.3%** | **Real Estate — 3.3%** | **Real Estate — 3.3%** | **Real Estate — 3.3%** | **Real Estate — 3.3%** | **Real Estate — 3.3%** |
| Anywhere Real Estate Group LLC/Realogy Co-Issuer Corp., Gtd. Notes<sup>(b)</sup> <br>| 5.25 | 4/15/2030 |  | 2581000 | 2440653 |
| CoreLogic, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 4.50 | 5/1/2028 |  | 1425000 | 1339113 |
| Kennedy-Wilson, Inc., Gtd. Notes<sup>(e)</sup> <br>| 4.75 | 2/1/2030 |  | 418000 | 418437 |
| &nbsp;&nbsp;&nbsp; Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance <br> Co-Issuer, Sr. Scd. Notes<sup>(b)</sup> <br>| 4.88 | 5/15/2029 |  | 1859000 | 1785776 |
| Rithm Capital Corp., Sr. Unscd. Notes<sup>(b)</sup> <br>| 8.00 | 4/1/2029 |  | 2680000 | 2635326 |
| Rithm Capital Corp., Sr. Unscd. Notes<sup>(b)</sup> <br>| 8.00 | 7/15/2030 |  | 1768000 | 1707801 |
| RLJ Lodging Trust LP, Sr. Scd. Notes<sup>(b)</sup> <br>| 4.00 | 9/15/2029 |  | 1647000 | 1543760 |
| Starwood Property Trust, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>| 7.25 | 4/1/2029 |  | 1425000 | 1469003 |
| Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, Gtd. Notes<sup>(b)</sup> <br>| 6.00 | 1/15/2030 |  | 1233000 | 1161044 |
|  |  |  |  |  | **14500913** |

---

**8**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>|  | Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** |
| **Retailing — 2.3%** | **Retailing — 2.3%** | **Retailing — 2.3%** | **Retailing — 2.3%** | **Retailing — 2.3%** | **Retailing — 2.3%** |
| 1011778 BC ULC/New Red Finance, Inc., Scd. Notes<sup>(b)</sup> <br>| 4.00 | 10/15/2030 |  | 1761000 | 1656133 |
| LBM Acquisition LLC, Gtd. Notes<sup>(b)</sup> <br>| 6.25 | 1/15/2029 |  | 1094000 | 800777 |
| PetSmart LLC/PetSmart Finance Corp., Gtd. Notes<sup>(b)</sup> <br>| 10.00 | 9/15/2033 |  | 635000 | 634256 |
| PetSmart LLC/PetSmart Finance Corp., Sr. Scd. Notes<sup>(b)</sup> <br>| 7.50 | 9/15/2032 |  | 1182000 | 1188637 |
| QXO Building Products, Inc., Sr. Scd. Bonds<sup>(b)</sup> <br>| 6.75 | 4/30/2032 |  | 1691000 | 1726284 |
| Staples, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 10.75 | 9/1/2029 |  | 2501000 | 2314899 |
| White Cap Supply Holdings LLC, Gtd. Notes<sup>(b)</sup> <br>| 7.38 | 11/15/2030 |  | 1922000 | 1865777 |
|  |  |  |  |  | **10186763** |
| **Semiconductors & Semiconductor Equipment — .6%** | **Semiconductors & Semiconductor Equipment — .6%** | **Semiconductors & Semiconductor Equipment — .6%** | **Semiconductors & Semiconductor Equipment — .6%** | **Semiconductors & Semiconductor Equipment — .6%** | **Semiconductors & Semiconductor Equipment — .6%** |
| Kioxia Holdings Corp., Gtd. Notes<sup>(b)</sup> <br>| 6.63 | 7/24/2033 |  | 2406000 | **2475112** |
| **Technology Hardware & Equipment — .4%** | **Technology Hardware & Equipment — .4%** | **Technology Hardware & Equipment — .4%** | **Technology Hardware & Equipment — .4%** | **Technology Hardware & Equipment — .4%** | **Technology Hardware & Equipment — .4%** |
| Virtusa Corp., Sr. Unscd. Notes<sup>(b)</sup> <br>| 7.13 | 12/15/2028 |  | 2294000 | **1769144** |
| **Telecommunication Services — 8.0%** | **Telecommunication Services — 8.0%** | **Telecommunication Services — 8.0%** | **Telecommunication Services — 8.0%** | **Telecommunication Services — 8.0%** | **Telecommunication Services — 8.0%** |
| Altice France Lux 3/Altice Holdings 1, Sr. Unscd. Notes<sup>(b)</sup> <br>| 10.00 | 1/15/2033 |  | 1174000 | 1068326 |
| Altice France SA, Sr. Scd. Notes<sup>(b)</sup> <br>| 9.50 | 11/1/2029 |  | 1319319 | 1334110 |
| APLD ComputeCo 2 LLC, Sr. Scd. Notes<sup>(b)</sup> <br>| 6.75 | 3/15/2031 |  | 3156000 | 3134978 |
| APLD ComputeCo LLC, Sr. Scd. Notes<sup>(b)</sup> <br>| 9.25 | 12/15/2030 |  | 3000000 | 3093606 |
| Black Pearl Compute LLC, Sr. Scd. Notes<sup>(b)</sup> <br>| 6.13 | 2/15/2031 |  | 2202000 | 2243942 |
| Cipher Compute LLC, Sr. Scd. Notes<sup>(b)</sup> <br>| 7.13 | 11/15/2030 |  | 1512000 | 1568366 |
| EchoStar Corp., Sr. Scd. Notes | 10.75 | 11/30/2029 |  | 2732000 | 2952925 |
| Fibercop SpA, Sr. Scd. Notes<sup>(b)</sup> <br>| 7.72 | 6/4/2038 |  | 996000 | 999582 |
| Iliad Holding SAS, Sr. Scd. Notes<sup>(b)</sup> <br>| 8.50 | 4/15/2031 |  | 1185000 | 1240876 |
| Level 3 Financing, Inc., Gtd. Notes<sup>(b)</sup> <br>| 8.50 | 1/15/2036 |  | 2354803 | 2459266 |
| Level 3 Financing, Inc., Sr. Scd. Bonds<sup>(b)</sup> <br>| 6.88 | 6/30/2033 |  | 1720000 | 1752871 |
| Level 3 Financing, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 7.00 | 3/31/2034 |  | 778000 | 796933 |
| Lumen Technologies, Inc., Sr. Unscd. Bonds, Ser. P | 7.60 | 9/15/2039 |  | 1450000 | 1354150 |
| Lumen Technologies, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>| 5.38 | 6/15/2029 |  | 1260000 | 1194779 |
| SV RNO Property Owner 1 LLC, Sr. Scd. Notes<sup>(b)</sup> <br>| 5.88 | 3/1/2031 |  | 2641000 | 2612180 |
| &nbsp;&nbsp;&nbsp; Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC, Gtd. <br> Notes<sup>(b)</sup> <br>| 6.50 | 2/15/2029 |  | 1531000 | 1488291 |
| Vmed O2 UK Financing I PLC, Sr. Scd. Bonds<sup>(b)</sup> <br>| 5.63 | 4/15/2032 | EUR<br>| 790000 | 841577 |
| &nbsp;&nbsp;&nbsp; Windstream Services LLC/Windstream Escrow Finance Corp., Sr. Scd. <br> Notes<sup>(b)</sup> <br>| 8.25 | 10/1/2031 |  | 1778000 | 1859498 |
| WULF Compute LLC, Sr. Scd. Notes<sup>(b),(e)</sup> <br>| 7.75 | 10/15/2030 |  | 2561000 | 2707784 |
| Zayo Group Holdings, Inc., Sr. Scd. Notes<sup>(b),(d)</sup> <br>| 13.75 | 9/9/2030 |  | 484600 | 453212 |
|  |  |  |  |  | **35157252** |
| **Transportation — .9%** | **Transportation — .9%** | **Transportation — .9%** | **Transportation — .9%** | **Transportation — .9%** | **Transportation — .9%** |
| Beacon Mobility Corp., Sr. Scd. Notes<sup>(b)</sup> <br>| 7.25 | 8/1/2030 |  | 1896000 | 1960058 |
| Stonepeak Nile Parent LLC, Sr. Scd. Notes<sup>(b)</sup> <br>| 7.25 | 3/15/2032 |  | 1748000 | 1823168 |
|  |  |  |  |  | **3783226** |
| **Utilities — 6.1%** | **Utilities — 6.1%** | **Utilities — 6.1%** | **Utilities — 6.1%** | **Utilities — 6.1%** | **Utilities — 6.1%** |
| Alpha Generation LLC, Gtd. Notes<sup>(b)</sup> <br>| 6.25 | 1/15/2034 |  | 853000 | 838553 |
| Alpha Generation LLC, Sr. Unscd. Notes<sup>(b)</sup> <br>| 6.75 | 10/15/2032 |  | 2275000 | 2309950 |
| &nbsp;&nbsp;&nbsp; California Buyer Ltd./Atlantica Sustainable Infrastructure PLC, Sr. Unscd. <br> Notes<sup>(b)</sup> <br>| 6.38 | 2/15/2032 |  | 2670000 | 2610391 |
| Clearway Energy Operating LLC, Gtd. Notes<sup>(b)</sup> <br>| 5.75 | 1/15/2034 |  | 1362000 | 1339385 |
| ContourGlobal Power Holdings SA, Sr. Scd. Bonds<sup>(b)</sup> <br>| 6.75 | 2/28/2030 |  | 2563000 | 2595012 |
| Lightning Power LLC, Sr. Scd. Notes<sup>(b)</sup> <br>| 7.25 | 8/15/2032 |  | 1320000 | 1373127 |
| NRG Energy, Inc., Gtd. Notes<sup>(b)</sup> <br>| 3.88 | 2/15/2032 |  | 1390000 | 1279841 |
| NRG Energy, Inc., Gtd. Notes<sup>(b)</sup> <br>| 6.25 | 11/1/2034 |  | 1731000 | 1746211 |
| NRG Energy, Inc., Jr. Sub. Bonds<sup>(b),(f)</sup> <br>| 10.25 | 3/15/2028 |  | 995000 | 1073929 |

---

**9**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** | **Corporate Bonds and Notes — 88.7% (continued)** |
| **Utilities — 6.1% (continued)** | **Utilities — 6.1% (continued)** | **Utilities — 6.1% (continued)** | **Utilities — 6.1% (continued)** | **Utilities — 6.1% (continued)** |
| NRG Energy, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>| 5.75 | 1/15/2034 | 1365000 | 1347370 |
| PG&E Corp., Sr. Scd. Notes<sup>(e)</sup> <br>| 5.25 | 7/1/2030 | 1299000 | 1282531 |
| Vistra Operations Co. LLC, Gtd. Notes<sup>(b)</sup> <br>| 4.38 | 5/1/2029 | 1200000 | 1172194 |
| Vistra Operations Co. LLC, Gtd. Notes<sup>(b)</sup> <br>| 6.88 | 4/15/2032 | 2785000 | 2883971 |
| Vistra Operations Co. LLC, Gtd. Notes<sup>(b)</sup> <br>| 7.75 | 10/15/2031 | 865000 | 906487 |
| VoltaGrid LLC, Scd. Notes<sup>(b)</sup> <br>| 7.38 | 11/1/2030 | 1965000 | 2030374 |
| XPLR Infrastructure Operating Partners LP, Gtd. Notes<sup>(b),(e)</sup> <br>| 7.75 | 4/15/2034 | 956000 | 987942 |
| XPLR Infrastructure Operating Partners LP, Gtd. Notes<sup>(b),(e)</sup> <br>| 8.38 | 1/15/2031 | 1154000 | 1215446 |
|  |  |  |  | **26992714** |
| &nbsp;&nbsp;&nbsp; **Total Corporate Bonds and Notes** <br>(cost $390,443,004) | &nbsp;&nbsp;&nbsp; **Total Corporate Bonds and Notes** <br>(cost $390,443,004) | &nbsp;&nbsp;&nbsp; **Total Corporate Bonds and Notes** <br>(cost $390,443,004) |  | **390429667** |

---

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

---

| | | |
|:---|:---|:---|
|  | Shares |  |
| **Equity Securities - Common Stocks — .1%** | **Equity Securities - Common Stocks — .1%** | **Equity Securities - Common Stocks — .1%** |
| **Telecommunication Services — .1%** | **Telecommunication Services — .1%** | **Telecommunication Services — .1%** |
| &nbsp;&nbsp;&nbsp; Altice LuxCo 3<sup>(g)</sup> <br>(cost $364,322)<br>| 22256 | **369791** |

---

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

---

| | | | |
|:---|:---|:---|:---|
|  | Preferred <br>Dividend <br>Rate (%)<br>|  |  |
| **Equity Securities - Preferred Stocks — .1%** | **Equity Securities - Preferred Stocks — .1%** | **Equity Securities - Preferred Stocks — .1%** | **Equity Securities - Preferred Stocks — .1%** |
| **U.S. Government Agencies Obligations — .1%** | **U.S. Government Agencies Obligations — .1%** | **U.S. Government Agencies Obligations — .1%** | **U.S. Government Agencies Obligations — .1%** |
| &nbsp;&nbsp;&nbsp; Federal National Mortgage Association, Ser. S, 12/31/2030<sup>(e),(f),(g)</sup> <br>(cost $446,794)<br>| 0.00 | 33000 | **392700** |

---

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

---

| | | |
|:---|:---|:---|
| **Exchange-Traded Funds — .8%** | **Exchange-Traded Funds — .8%** | **Exchange-Traded Funds — .8%** |
| **Registered Investment Companies — .8%** | **Registered Investment Companies — .8%** | **Registered Investment Companies — .8%** |
| iShares iBoxx $ High Yield Corporate Bond ETF<sup>(e)</sup> <br>| 22137 | 1761220 |
| State Street SPDR Bloomberg High Yield Bond ETF<sup>(e)</sup> <br>| 18535 | 1774170 |
| &nbsp;&nbsp;&nbsp; **Total Exchange-Traded Funds** <br>(cost $3,436,485)<br>|  | **3535390** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Coupon <br>Rate (%)<br>| Maturity <br>Date<br>| Principal <br>Amount ($)<sup>(a)</sup> <br>|  |
| **Fixed Rate Loan Interests — .2%** | **Fixed Rate Loan Interests — .2%** | **Fixed Rate Loan Interests — .2%** | **Fixed Rate Loan Interests — .2%** | **Fixed Rate Loan Interests — .2%** |
| **Information Technology — .2%** | **Information Technology — .2%** | **Information Technology — .2%** | **Information Technology — .2%** | **Information Technology — .2%** |
| &nbsp;&nbsp;&nbsp; Cotiviti, Inc., Initial Fixed Rate Term Loan <br>(cost $674,752)<br>| 7.63 | 5/1/2031 | 711250 | **665019** |
| **Floating Rate Loan Interests — 4.8%** | **Floating Rate Loan Interests — 4.8%** | **Floating Rate Loan Interests — 4.8%** | **Floating Rate Loan Interests — 4.8%** | **Floating Rate Loan Interests — 4.8%** |
| **Aerospace & Defense — .1%** | **Aerospace & Defense — .1%** | **Aerospace & Defense — .1%** | **Aerospace & Defense — .1%** | **Aerospace & Defense — .1%** |
| Mahseer Holdings LLC, Initial Term Loan, (3 Month TSFR +3.25%)<sup>(c)</sup> <br>| 6.92 | 3/16/2033 | 406897 | **408805** |
| **Automobiles & Components — .2%** | **Automobiles & Components — .2%** | **Automobiles & Components — .2%** | **Automobiles & Components — .2%** | **Automobiles & Components — .2%** |
| IXS Holdings, Inc., Initial Term Loan, (3 Month TSFR +5.50%)<sup>(c)</sup> <br>| 9.17 | 9/21/2029 | 739413 | **739490** |
| **Chemicals — .1%** | **Chemicals — .1%** | **Chemicals — .1%** | **Chemicals — .1%** | **Chemicals — .1%** |
| &nbsp;&nbsp;&nbsp; Hexion Holdings Corp., 2024 Refinancing Term Loan, (1 Month TSFR <br> +4.00%)<sup>(c)</sup> <br>| 7.67 | 3/15/2029 | 690000 | **661683** |
| **Commercial & Professional Services — .4%** | **Commercial & Professional Services — .4%** | **Commercial & Professional Services — .4%** | **Commercial & Professional Services — .4%** | **Commercial & Professional Services — .4%** |
| &nbsp;&nbsp;&nbsp; American Auto Auction Group LLC, 2025 Refinancing Term Loan, (3 Month <br> TSFR +4.50%)<sup>(c)</sup> <br>| 8.20 | 5/28/2032 | 688262 | 685065 |

---

**10**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>|  | Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Floating Rate Loan Interests — 4.8% (continued)** | **Floating Rate Loan Interests — 4.8% (continued)** | **Floating Rate Loan Interests — 4.8% (continued)** | **Floating Rate Loan Interests — 4.8% (continued)** | **Floating Rate Loan Interests — 4.8% (continued)** | **Floating Rate Loan Interests — 4.8% (continued)** |
| **Commercial & Professional Services — .4% (continued)** | **Commercial & Professional Services — .4% (continued)** | **Commercial & Professional Services — .4% (continued)** | **Commercial & Professional Services — .4% (continued)** | **Commercial & Professional Services — .4% (continued)** | **Commercial & Professional Services — .4% (continued)** |
| &nbsp;&nbsp;&nbsp; Catawba Nation Gaming Authority, Initial Term Loan B, (3 Month TSFR <br> +4.75%)<sup>(c)</sup> <br>| 8.42 | 3/29/2032 |  | 670000 | 682147 |
| Vaco Holdings LLC, Initial Term Loan, (3 Month TSFR +5.15%)<sup>(c)</sup> <br>| 8.85 | 1/22/2029 |  | 839947 | 550955 |
|  |  |  |  |  | **1918167** |
| **Diversified Financials — .4%** | **Diversified Financials — .4%** | **Diversified Financials — .4%** | **Diversified Financials — .4%** | **Diversified Financials — .4%** | **Diversified Financials — .4%** |
| Jump Financial LLC, Term Loan B-1, (3 Month TSFR +3.50%)<sup>(c)</sup> <br>| 7.20 | 2/26/2032 |  | 665328 | 666160 |
| &nbsp;&nbsp;&nbsp; Nexus Buyer LLC, Amendment No. 9 Refinancing Term Loan, (1 Month TSFR <br> +3.50%)<sup>(c)</sup> <br>| 7.17 | 7/31/2031 |  | 718186 | 692601 |
| &nbsp;&nbsp;&nbsp; OID-OL Intermediate I LLC, Initial Second Out Term Loan, (3 Month TSFR <br> +4.40%)<sup>(c)</sup> <br>| 8.07 | 2/1/2029 |  | 636792 | 425740 |
|  |  |  |  |  | **1784501** |
| **Energy — .1%** | **Energy — .1%** | **Energy — .1%** | **Energy — .1%** | **Energy — .1%** | **Energy — .1%** |
| NGL Energy Operating LLC, Initial Term Loan, (1 Month TSFR +3.50%)<sup>(c)</sup> <br>| 7.18 | 3/11/2033 |  | 468000 | **469170** |
| **Food Products — .1%** | **Food Products — .1%** | **Food Products — .1%** | **Food Products — .1%** | **Food Products — .1%** | **Food Products — .1%** |
| Max US Bidco, Inc., Initial Term Loan, (3 Month TSFR +5.00%)<sup>(c)</sup> <br>| 8.70 | 10/2/2030 |  | 726540 | **600213** |
| **Food Service — .3%** | **Food Service — .3%** | **Food Service — .3%** | **Food Service — .3%** | **Food Service — .3%** | **Food Service — .3%** |
| &nbsp;&nbsp;&nbsp; Financiere Pax SAS, 2026 Facility Term Loan B-5, (3 Month EURIBOR <br> +3.50%)<sup>(c)</sup> <br>| 5.64 | 12/31/2029 | EUR<br>| 1000000 | **1138518** |
| **Health Care — 1.0%** | **Health Care — 1.0%** | **Health Care — 1.0%** | **Health Care — 1.0%** | **Health Care — 1.0%** | **Health Care — 1.0%** |
| 1261229 BC Ltd., Initial Term Loan, (1 Month TSFR +6.25%)<sup>(c)</sup> <br>| 9.92 | 10/8/2030 |  | 1311093 | 1268842 |
| Gainwell Acquisition Corp., Term Loan B, (3 Month TSFR +4.10%)<sup>(c)</sup> <br>| 7.80 | 10/1/2027 |  | 1396316 | 1358504 |
| LifePoint Health, Inc., Term Loan B, (3 Month TSFR +3.75%)<sup>(c)</sup> <br>| 7.42 | 5/19/2031 |  | 678283 | 679260 |
| WS Audiology A/S, Facility Term Loan B9, (3 Month TSFR +3.25%)<sup>(c)</sup> <br>| 7.97 | 2/28/2029 |  | 1115205 | 1116599 |
|  |  |  |  |  | **4423205** |
| **Industrial — .5%** | **Industrial — .5%** | **Industrial — .5%** | **Industrial — .5%** | **Industrial — .5%** | **Industrial — .5%** |
| Optimus Bidco SAS, Term Loan B, (3 Month EURIBOR +5.00%)<sup>(c)</sup> <br>| 7.13 | 1/2/2029 | EUR<br>| 1000000 | 991968 |
| TK Elevator Midco Gmbh, Euro Term Loan B, (3 Month EURIBOR +3.00%)<sup>(c)</sup> <br>| 5.15 | 4/30/2030 | EUR<br>| 1000000 | 1151070 |
|  |  |  |  |  | **2143038** |
| **Internet Software & Services — .2%** | **Internet Software & Services — .2%** | **Internet Software & Services — .2%** | **Internet Software & Services — .2%** | **Internet Software & Services — .2%** | **Internet Software & Services — .2%** |
| &nbsp;&nbsp;&nbsp; StubHub Holdco Sub LLC, Extended USD Term Loan B, (1 Month TSFR <br> +4.75%)<sup>(c)</sup> <br>| 8.42 | 3/15/2030 |  | 700000 | **691033** |
| **Materials — .1%** | **Materials — .1%** | **Materials — .1%** | **Materials — .1%** | **Materials — .1%** | **Materials — .1%** |
| &nbsp;&nbsp;&nbsp; ProAmpac PG Borrower LLC, Initial First Lien Dollar Term Loan, (3 Month <br> TSFR +4.00%)<sup>(c)</sup> <br>| 7.78 | 3/7/2033 |  | 680000 | **658410** |
| **Media — .5%** | **Media — .5%** | **Media — .5%** | **Media — .5%** | **Media — .5%** | **Media — .5%** |
| Numericable US LLC, New USD Term Loan B-14, (3 Month TSFR +6.88%)<sup>(c)</sup> <br>| 10.55 | 5/15/2031 |  | 1409885 | 1415468 |
| The E.W. Scripps Co., Term Loan B-3, (1 Month TSFR +3.46%)<sup>(c)</sup> <br>| 7.14 | 11/30/2029 |  | 850681 | 838984 |
|  |  |  |  |  | **2254452** |
| **Real Estate — .2%** | **Real Estate — .2%** | **Real Estate — .2%** | **Real Estate — .2%** | **Real Estate — .2%** | **Real Estate — .2%** |
| CoreLogic, Inc., First Lien Initial Term Loan, (1 Month TSFR +3.61%)<sup>(c)</sup> <br>| 7.28 | 6/2/2028 |  | 698172 | **669376** |
| **Retailing — .2%** | **Retailing — .2%** | **Retailing — .2%** | **Retailing — .2%** | **Retailing — .2%** | **Retailing — .2%** |
| LBM Acquisition LLC, Incremental Term Loan B, (1 Month TSFR +3.85%)<sup>(c)</sup> <br>| 7.52 | 6/6/2031 |  | 937614 | **756659** |
| **Telecommunication Services — .4%** | **Telecommunication Services — .4%** | **Telecommunication Services — .4%** | **Telecommunication Services — .4%** | **Telecommunication Services — .4%** | **Telecommunication Services — .4%** |
| Zayo Group Holdings, Inc., Dollar Term Loan, (1 Month TSFR +3.11%)<sup>(c),(d)</sup> <br>| 6.78 | 3/11/2030 |  | 1857380 | **1827096** |
| &nbsp;&nbsp;&nbsp; **Total Floating Rate Loan Interests** <br>(cost $21,889,474) | &nbsp;&nbsp;&nbsp; **Total Floating Rate Loan Interests** <br>(cost $21,889,474) | &nbsp;&nbsp;&nbsp; **Total Floating Rate Loan Interests** <br>(cost $21,889,474) |  |  | **21143816** |

---

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

**11**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | |
|:---|:---|:---|:---|
| Description | 1-Day <br>Yield (%)<br>| Shares | Value ($) |
| **Investment Companies — 4.8%** | **Investment Companies — 4.8%** | **Investment Companies — 4.8%** | **Investment Companies — 4.8%** |
| **Registered Investment Companies — 4.8%** | **Registered Investment Companies — 4.8%** | **Registered Investment Companies — 4.8%** | **Registered Investment Companies — 4.8%** |
| &nbsp;&nbsp;&nbsp; Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional <br> Shares<sup>(h)</sup> <br>(cost $21,015,400)<br>| 3.72 | 21015400 | **21015400** |
| **Investment of Cash Collateral for Securities Loaned — 4.4%** | **Investment of Cash Collateral for Securities Loaned — 4.4%** | **Investment of Cash Collateral for Securities Loaned — 4.4%** | **Investment of Cash Collateral for Securities Loaned — 4.4%** |
| **Registered Investment Companies — 4.4%** | **Registered Investment Companies — 4.4%** | **Registered Investment Companies — 4.4%** | **Registered Investment Companies — 4.4%** |
| &nbsp;&nbsp;&nbsp; Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional <br> Shares<sup>(h)</sup> <br>(cost $19,156,117)<br>| 3.72 | 19156117 | **19156117** |
| **Total Investments** (cost $463,960,156) | **Total Investments** (cost $463,960,156) | **105.3%** | **463095084** |
| **Liabilities, Less Cash and Receivables**<sup>(i)</sup>  | **Liabilities, Less Cash and Receivables**<sup>(i)</sup>  | **(5.3%)** | **(23177918)** |
| **Net Assets**  | **Net Assets**  | **100.0%** | **439917166** |

---

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

---

| |
|:---|
| *CLO—Collateralized Loan Obligation* |
| *ETF—Exchange-Traded Fund* |
| *EUR—Euro* |
| *EURIBOR—Euro Interbank Offered Rate* |
| *SPDR—Standard & Poor's Depository Receipt* |
| *TSFR—Term Secured Overnight Financing Rate Reference Rates* |
| *USD—United States Dollar* |

---

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

<sup>(a)</sup> *Amount stated in U.S. Dollars unless otherwise noted above.*

<sup>(b)</sup> *Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in transactions exempt from* *registration, normally to qualified institutional buyers. At March 31, 2026, these securities amounted to $363,920,841 or 82.7% of net assets.* 

<sup>(c)</sup> *Variable rate security—Interest rate resets periodically and the rate shown is the interest rate in effect at period end. Security description also includes the* *reference rate and spread if published and available.* 

<sup>(d)</sup> *Payment-in-kind security and interest may be paid in additional par.*

<sup>(e)</sup> *Security, or portion thereof, on loan. At March 31, 2026, the value of the fund's securities on loan was $41,573,549 and the value of the collateral was* *$43,154,227, consisting of cash collateral of $19,156,117 and U.S. Government & Agency securities valued at $23,998,110. In addition, the value of* *collateral may include pending sales that are also on loan.* 

<sup>(f)</sup> *Security is a perpetual security with no specified maturity date. Maturity date shown is next reset date of the security.*

<sup>(g)</sup> *Non-income producing security.*

<sup>(h)</sup> *Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company's* *prospectus.* 

<sup>(i)</sup> *Includes net unrealized appreciation/(depreciation) and/or market value of the unfunded floating rate loan interests which are excluded from the Schedule of* *Investments as shown in the table below:* 

**12**

------

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Unfunded Loan Commitments** | **Unfunded Loan Commitments** | **Unfunded Loan Commitments** | **Unfunded Loan Commitments** | **Unfunded Loan Commitments** | **Unfunded Loan Commitments** |
| Description | Coupon <br>Rate (%)<br>| Maturity <br>Date<br>| Principal <br>Amount ($)<br>| Market <br>Value ($)<br>| Unrealized <br>Appreciation($)<br>|
| **Floating Rate Loan Interests — .0%** | **Floating Rate Loan Interests — .0%** | **Floating Rate Loan Interests — .0%** | **Floating Rate Loan Interests — .0%** | **Floating Rate Loan Interests — .0%** | **Floating Rate Loan Interests — .0%** |
| **Aerospace & Defense — .0%** | **Aerospace & Defense — .0%** | **Aerospace & Defense — .0%** | **Aerospace & Defense — .0%** | **Aerospace & Defense — .0%** | **Aerospace & Defense — .0%** |
| &nbsp;&nbsp;&nbsp; Mahseer Holdings LLC, Delayed Draw Term Loan, (1 Month TSFR <br> +3.25%)<sup>(a)</sup> <br>(cost $65,104)<br>| 3.75 | 3/16/2033 | 65103 | **65409** | **305** |
| **Gross Unrealized Appreciation** | **Gross Unrealized Appreciation** | **Gross Unrealized Appreciation** |  |  | **305** |

---

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

TSFR—Term Secured Overnight Financing Rate Reference Rates<br>

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

<sup>(a)</sup> *Variable rate security—Interest rate resets periodically and the rate shown is the interest rate in effect at period end. Security description also includes the* *reference rate and spread if published and available.* 

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **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** |
| Counterparty/ <br>Purchased <br>Currency<br>| Purchased <br>Currency <br>Amounts<br>| &nbsp;&nbsp; Currency <br>Sold<br>| Sold <br>Currency <br>Amounts<br>| Settlement <br>Date<br>| Unrealized <br>(Depreciation) ($)<br>|
| **Citigroup Global Markets, Inc.** | **Citigroup Global Markets, Inc.** | **Citigroup Global Markets, Inc.** | **Citigroup Global Markets, Inc.** | **Citigroup Global Markets, Inc.** | **Citigroup Global Markets, Inc.** |
| United States Dollar | &nbsp;&nbsp; 9764734 | Euro | &nbsp;&nbsp; 8450000 | &nbsp;&nbsp; 4/23/2026 | &nbsp;&nbsp; (13517) |
| **Gross Unrealized Depreciation** | **Gross Unrealized Depreciation** | **Gross Unrealized Depreciation** | **Gross Unrealized Depreciation** | **Gross Unrealized Depreciation** | **(13517)** |

---

*See notes to schedule of investments.*

**13**

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Schedule of Investments

BNY Mellon High Yield Fund

March 31, 2026 (Unaudited)

The following is a summary of the inputs used as of March 31, 2026 in valuing the fund's investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 -** <br>**Unadjusted** <br>**Quoted Prices**<br>| **Level 2- Other** <br>**Significant** <br>**Observable Inputs**<br>| **Level 3-** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Assets ($)** |  |  |  |  |
| Investments in Securities:<sup>†</sup> <br>|  |  |  |  |
| Collateralized Loan Obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4905592 | &nbsp;&nbsp; — | &nbsp;&nbsp; **4905592** |
| Convertible Corporate Bonds and Notes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1481592 | &nbsp;&nbsp; — | &nbsp;&nbsp; **1481592** |
| Corporate Bonds and Notes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 390429667 | &nbsp;&nbsp; — | &nbsp;&nbsp; **390429667** |
| Equity Securities - Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 369791 | &nbsp;&nbsp; — | &nbsp;&nbsp; **369791** |
| Equity Securities - Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 392700 | &nbsp;&nbsp; — | &nbsp;&nbsp; **392700** |
| Exchange-Traded Funds | &nbsp;&nbsp;&nbsp; 3535390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; **3535390** |
| Fixed Rate Loan Interests | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 665019 | &nbsp;&nbsp; — | &nbsp;&nbsp; **665019** |
| Floating Rate Loan Interests | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 21143816 | &nbsp;&nbsp; — | &nbsp;&nbsp; **21143816** |
| Investment Companies | &nbsp;&nbsp; 40171517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; **40171517** |
|  | &nbsp;&nbsp; **43706907** | &nbsp;&nbsp; **419388177** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **463095084** |
| Other Financial Instruments: |  |  |  |  |
| Unfunded Floating Rate Loan Interests Commitments<sup>††</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 305 | &nbsp;&nbsp; — | &nbsp;&nbsp; **305** |
|  | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **305** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **305** |
| **Liabilities ($)** |  |  |  |  |
| Other Financial Instruments: |  |  |  |  |
| Forward Foreign Currency Exchange Contracts<sup>††</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13517) | &nbsp;&nbsp; — | &nbsp;&nbsp; **(13517)** |
|  | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **(13517)** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **(13517)** |

---

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

---

| | |
|:---|:---|
| <sup>†</sup> <br>| *See Schedule of Investments for additional detailed categorizations, if any.* |
| <sup>††</sup> <br>| *Amount shown represents unrealized appreciation (depreciation) at period end.* |

---

**14**

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The Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") is the exclusive reference of authoritative U.S. generally accepted accounting principles ("GAAP") recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission ("SEC") under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund's investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

**Level 1**—unadjusted quoted prices in active markets for identical investments.

**Level 2**—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

**Level 3**—significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund's investments are as follows:

Registered investment companies that are not traded on an exchange are valued at their net asset value and are generally categorized within Level 1 of the fair value hierarchy.

Investments in debt securities and instruments generally will be valued, to the extent possible, by one or more independent pricing services (the "Service"). When, in the judgment of the Service, quoted bid prices for investments are readily available and are representative of the bid side of the market, these investments are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as calculated by the Service based upon its evaluation of the market for such securities). The value of other debt securities and instruments is determined by the Service based on methods which include consideration of: yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. The Services are engaged under the general supervision of the Trust's Board of Trustees (the "Board"). Overnight and certain other short-term debt securities and instruments (excluding Treasury bills) will be valued by the amortized cost method, which approximates value, unless a Service provides a valuation for such security or, in the opinion of the board or a committee or other persons designated by the Board, such as the Adviser, the amortized cost method would not represent fair value. These securities are generally categorized within Level 2 of the fair value hierarchy.

Equity investments, including ETFs (but not including investments in other open-end registered investment companies), generally are valued at the last sale price on the day of valuation on the securities exchange or national securities market on which such securities primarily are traded. Securities listed on Nasdaq markets generally will be valued at the official closing price. If there are no transactions in a security, or no official closing prices for a Nasdaq market-listed security on that day, the security will be valued at the average of the most recent bid and asked prices. Bid price is used when no asked price is available. Open short positions for which there is no sale price on a given day are valued at the lowest asked price. Investments in other open-end investment companies are valued at their reported net asset values ("NAVs") each day. All of the preceding securities are generally categorized within Level 1 of the fair value hierarchy.

Fair value of foreign equity securities may be determined with the assistance of a pricing service using correlations between the movement of prices of foreign securities and indexes of domestic securities and other appropriate indicators, such as closing market prices of relevant American Depositary Receipts and futures contracts. The valuation of a security based on this fair value process may differ from

**15**

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the security's most recent closing price and from the prices used by other mutual funds to calculate their NAVs. Foreign securities held by a fund may trade on days when the fund does not calculate its NAV and thus may affect the fund's NAV on days when investors will not be able to purchase or sell (redeem) fund shares. Utilizing these techniques may result in transfers between Level 1 and Level 2 of the fair value hierarchy.

Restricted securities, as well as securities or other assets for which recent market quotations or official closing prices are not readily available or are determined not to reflect accurately fair value (such as when the value of a security has been materially affected by events occurring after the close of the exchange or market on which the security is principally traded (for example, a foreign exchange or market), but before the fund calculates its NAV), or which are not valued by the Service, are valued at fair value as determined in good faith based on procedures approved by the Trust's Board of Trustees (the "Board"). Fair value of investments is determined by the Adviser, as the fund's valuation designee pursuant to Rule 2a-5 under the Act, using such information as it deems appropriate under the circumstances. The factors that may be considered when fair valuing a security include fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. Using fair value to price investments may result in a value that is different from a security's most recent closing price and from the prices used by other mutual funds to calculate their NAVs. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.

Market quotations of foreign securities in foreign currencies and any fund assets or liabilities initially expressed in terms of foreign currency are translated into U.S. dollars at the spot rate.

Forward foreign currency exchange contracts ("forward contracts") generally are valued using the forward rate obtained from a Service and are categorized within Level 2 of the fair value hierarchy.

Pursuant to a securities lending agreement with BNY, the fund may lend securities to qualified institutions. It is the fund's policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral equivalent to at least 100% of the market value of securities on loan is maintained at all times. Collateral is either in the form of cash, which can be invested in certain money market mutual funds managed by the Adviser, or U.S. Government and Agency securities. The securities on loan, if any, are also disclosed in the fund's Schedule of Investments. The fund is entitled to receive all dividends, interest and distributions on securities loaned, in addition to income earned as a result of the lending transaction. Should a borrower fail to return the securities in a timely manner, BNY is required to replace the securities for the benefit of the fund or credit the fund with the market value of the unreturned securities and is subrogated to the fund's rights against the borrower and the collateral. Additionally, the contractual maturity of security lending transactions are on an overnight and continuous basis.

**Floating Rate Loan Interests:** Floating rate instruments are loans and other securities with interest rates that adjust or "float" periodically. Floating rate loans are made by banks and other financial institutions to their corporate clients. The rates of interest on the loans adjust periodically by reference to a base lending rate, plus a premium or credit spread. Floating rate loans reset on periodic set dates, typically 30 to 90 days, but not to exceed one year. The fund may invest in multiple series or tranches of a loan. A different series or tranche may have varying terms and carry different associated risks.

The fund may enter into certain credit agreements all or a portion of which may be unfunded. The fund is obligated to fund these commitments at the borrower's discretion. The commitments are disclosed in the accompanying Schedule of Investments. At March 31, 2026, the fund had unfunded commitments of $65,104 and had sufficient cash and/or securities to cover these commitments.

**Derivatives:** A derivative is a financial instrument whose performance is derived from the performance of another asset. Each type of derivative instrument that was held by the fund at March 31, 2026 is discussed below.

**Forward Foreign Currency Exchange Contracts**: The fund enters into forward contracts in order to hedge its exposure to changes in foreign currency exchange rates on its foreign portfolio holdings, to settle foreign currency transactions or as a part of its investment strategy. When executing forward contracts, the fund is obligated to buy or sell a foreign currency at a specified rate on a certain date in the future. With respect to sales of forward contracts, the fund incurs a loss if the value of the contract increases between the date the forward contract is opened and the date the forward contract is closed. The fund realizes a gain if the value of the contract decreases between those dates. With respect to purchases of forward contracts, the fund incurs a loss if the value of the contract decreases between the date the forward contract is opened and the date the forward contract is closed. The fund realizes a gain if the value of the contract increases between those dates. Any realized or unrealized gains or losses which occurred during the period are reflected in the Statement of Operations. The fund is exposed to foreign currency risk as a result of changes in value of underlying financial instruments. The fund is also exposed to credit risk associated with counterparty non-performance on these forward contracts, which is generally limited to the unrealized gain on each open contract. The risk of non-payment may be mitigated by Master Agreements, if any, between the fund and

**16**

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the counterparty and the posting of collateral, if any, by the counterparty to the fund to cover the fund's exposure to the counterparty. Forward contracts open at March 31, 2026 are set forth in the Schedule of Investments.

At March 31, 2026, accumulated net unrealized depreciation on investments inclusive of derivative contracts was $878,284, consisting of $5,745,837 gross unrealized appreciation and $6,624,121 gross unrealized depreciation.

At March 31, 2026, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Schedule of Investments).

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.

**17**

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## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BNY Mellon Investment Funds III

- **b. Investment Company Act file number:** 811-00524

- **c. CIK number of Registrant:** 0000053808

- **d. LEI of Registrant:** 549300DOYFL5R4I71F16

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

  - **Street Address 1:** 240 Greenwich Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10286

  - **Telephone number:** 212-922-6400

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

- **a. Name of Series:** BNY Mellon High Yield Fund

- **b. EDGAR series identifier (if any):** S000000317

- **c. LEI of Series:** 549300U20XX0ZDIYNO84

**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:** $469165045.40

**Total Liabilities:** $29699314.55

**Net Assets:** $439465730.85

**Delayed Delivery Securities:** $600000.00

**Cash Not Reported:** $1142911.89

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 2387.24008000 | **5-Year:** 9324.16576000 | **10-Year:** 487.00510000 | **30-Year:** 0.00000000

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

- **3-Month:** 121.15028000 | **1-Year:** 44079.55855000 | **5-Year:** 77558.99557000 | **10-Year:** 2516.44294000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000793 | 0.57%                | -0.05%               | -1.13%               |
| Class ID C000000792 | 0.48%                | -0.13%               | -1.21%               |
| Class ID C000000790 | 0.36%                | -0.08%               | -1.15%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1250427.82             | $824064.44                                 |
| Month 2  | $675662.76               | $-3050055.75                               |
| Month 3  | $-191173.73              | $-8740254.94                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ASHTON WOODS USA LLC                                                                                   | ASHWOO 4.625 08/01/29 144A                                                                              | CUSIP: 045086AM7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    629000 | PA      | $594803.09    | 0.14%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Diameter Capital CLO 3 Ltd.                                                                            | DCLO 2022-3A DR                                                                                         | CUSIP: 25255KAG9<br>LEI: 254900L1QJX98W5ORK78 | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $783859.20    | 0.18%             | 2038-01-15      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| NOBLE FINANCE II LLC                                                                                   | NEFINA 8 04/15/30 144A                                                                                  | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1944000 | PA      | $2002537.16   | 0.46%             | 2030-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Entegris Inc                                                                                           | ENTG 5.95 06/15/30 144A                                                                                 | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |   1311000 | PA      | $1320220.26   | 0.30%             | 2030-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Samarco Mineracao SA                                                                                   | SAMMIN 9.5 06/30/31 144A                                                                                | CUSIP: 79588YAA7<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |   1245168 | PA      | $1225907.33   | 0.28%             | 2031-06-30      | Variable      | 9.50%                 | No            |                  2 | On Loan: No      |
| Madison IAQ LLC                                                                                        | MADIAQ 4.125 06/30/28 144A                                                                              | CUSIP: 55760LAA5<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |   1984000 | PA      | $1938969.95   | 0.44%             | 2028-06-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Optimus Bidco SAS                                                                                      | OPTIMUS BIDCO SA                                                                                        | CUSIP: 000000000<br>LEI: 699400NFS4UN6VM40475 | Long             | LON              | CORP              | FR        |   1000000 | PA      | $991967.81    | 0.23%             | 2028-12-31      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| Northriver Midstream Finance LP                                                                        | NORMID 6.75 07/15/32 144A                                                                               | CUSIP: 66679NAB6<br>LEI: 549300SOLNLY3BL6GF18 | Long             | DBT              | CORP              | CA        |   1573000 | PA      | $1578735.16   | 0.36%             | 2032-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association                                                                         | USD/EUR FORWARD                                                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-13516.89    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                                          | OMF 6.125 05/15/30                                                                                      | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    660000 | PA      | $645827.09    | 0.15%             | 2030-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                                       | CHTR 5 02/01/28 144A                                                                                    | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2328000 | PA      | $2310296.49   | 0.53%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Viking Cruises, Ltd.                                                                                   | VIKCRU 5.875 10/15/33 144A                                                                              | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |   1253000 | PA      | $1237997.63   | 0.28%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Sinclair Television Group, Inc.                                                                        | SBGI 8.125 02/15/33 144A                                                                                | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   1298000 | PA      | $1320715.00   | 0.30%             | 2033-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| LifePoint Health, Inc                                                                                  | RGCARE 10 06/01/32 144A                                                                                 | CUSIP: 53219LAX7<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |   2508000 | PA      | $2564380.42   | 0.58%             | 2032-06-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Radiology Partners Inc.                                                                                | RADPAR 8.5 07/15/32 144A                                                                                | CUSIP: 75041VAE4<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |   1598000 | PA      | $1622161.76   | 0.37%             | 2032-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Arsenal AIC Parent LLC                                                                                 | ARNC 8 10/01/30 144A                                                                                    | CUSIP: 04288BAB6<br>LEI: 254900G9F9HA5EP57J39 | Long             | DBT              | CORP              | US        |   1510000 | PA      | $1574049.67   | 0.36%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Virgin Media Secured Finance PLC                                                                       | VMED 5.5 05/15/29 144A                                                                                  | CUSIP: 92769XAP0<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |   1507000 | PA      | $1446252.68   | 0.33%             | 2029-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Shift4 Payments Llc / Shift4 Payments Finance Subordinated Incorporated                                | FOUR 6.75 08/15/32 144A                                                                                 | CUSIP: 82453AAB3<br>LEI: 254900GTEMR7L40VPI74 | Long             | DBT              | CORP              | US        |   1160000 | PA      | $1142066.45   | 0.26%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Vaco Holdings LLC                                                                                      | Vaco Holdings Term Loan B 500 2029-01-03                                                                | CUSIP: 91865FAJ8<br>LEI: 54930076HTNXBP03T379 | Long             | LON              | CORP              | US        |    839947 | PA      | $550954.89    | 0.13%             | 2029-01-22      | Floating      | 8.85%                 | No            |                  2 | On Loan: No      |
| Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer Inc                   | PK 4.875 05/15/29 144A                                                                                  | CUSIP: 70052LAC7<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |   1859000 | PA      | $1785776.41   | 0.41%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                                                          | DISH 7.375 07/01/28                                                                                     | CUSIP: 25470XBB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1731000 | PA      | $1681141.14   | 0.38%             | 2028-07-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Verde Purchaser LLC                                                                                    | VRTV 10.5 11/30/30 144A                                                                                 | CUSIP: 92339LAA0<br>LEI: 2549004HFEKMUGBG3Z35 | Long             | DBT              | CORP              | US        |   1068000 | PA      | $1111251.86   | 0.25%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| United Airlines Holdings Inc                                                                           | UAL 4.875 03/01/29                                                                                      | CUSIP: 910047AM1<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |    953000 | PA      | $934494.36    | 0.21%             | 2029-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Apld Computeco LLC                                                                                     | APLD 9.25 12/15/30 144A                                                                                 | CUSIP: 00202DAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3093606.00   | 0.70%             | 2030-12-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| NCL Corporation Ltd.                                                                                   | NCLH 5.875 01/15/31 144A                                                                                | CUSIP: 62886HBY6<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    946000 | PA      | $919668.88    | 0.21%             | 2031-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Post Holdings Inc.                                                                                     | POST 6.375 03/01/33 144A                                                                                | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    851000 | PA      | $839126.59    | 0.19%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| E.W. Scripps Co.                                                                                       | SSP 9.875 08/15/30 144A                                                                                 | CUSIP: 811054AH8<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |   1361000 | PA      | $1322542.09   | 0.30%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRIES LTD                                                                                | BMCAUS 4.75 01/15/28 144A                                                                               | CUSIP: 853496AD9<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |    674000 | PA      | $666752.21    | 0.15%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Sunrise Finco I BV                                                                                     | SUNN 4.875 07/15/31 144A                                                                                | CUSIP: 90320BAA7<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |   1430000 | PA      | $1362954.45   | 0.31%             | 2031-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                                                                   | SHEARE 7.875 03/01/31 144A                                                                              | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1008000 | PA      | $1027044.14   | 0.23%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                                                            | FIBCOP 7.721 06/04/38 144A                                                                              | CUSIP: 683879AH3<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    996000 | PA      | $999581.62    | 0.23%             | 2038-06-04      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                                                                     | VEGLPL 6.125 12/15/30 144A                                                                              | CUSIP: 922966AE6<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    660000 | PA      | $679124.16    | 0.15%             | 2030-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Nexus Buyer LLC                                                                                        | NEXUS BUYER LLC                                                                                         | CUSIP: 65343UAH5<br>LEI: 254900PILSANV8WOOF24 | Long             | LON              | CORP              | US        |    720000 | PA      | $694350.00    | 0.16%             | 2031-07-31      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Moss Creek Resources Holdings Inc                                                                      | MSSCRK 8.25 09/01/31 144A                                                                               | CUSIP: 61965RAC9<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |   1376000 | PA      | $1376102.37   | 0.31%             | 2031-09-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Qnity Electronics Inc.                                                                                 | QNTELE 6.25 08/15/33 144A                                                                               | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    669000 | PA      | $677286.90    | 0.15%             | 2033-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                                       | CHTR 4.5 08/15/30 144A                                                                                  | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $654569.02    | 0.15%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MIDSTREAM LLC                                                                               | BLURAC 7 07/15/29 144A                                                                                  | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1092000 | PA      | $1128718.50   | 0.26%             | 2029-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                                                                                      | POWSOL 6.75 09/15/32 144A                                                                               | CUSIP: 18060TAE5<br>LEI: 549300474L1ZLXZY2P98 | Long             | DBT              | CORP              | CA        |   1326000 | PA      | $1337443.38   | 0.30%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                                                                     | VEGLPL 6.5 01/15/34 144A                                                                                | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   1251000 | PA      | $1304892.18   | 0.30%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PMI (US) Bidco, Inc.                                                                                   | PennAero Term Loan B 325 2033-01-18                                                                     | CUSIP: 56017PAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    406897 | PA      | $408804.89    | 0.09%             | 2033-03-16      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| CoreLogic, Inc.                                                                                        | CLGX 4.5 05/01/28 144A                                                                                  | CUSIP: 21871DAD5<br>LEI: 54930086CD8K2UIL0516 | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1339113.54   | 0.30%             | 2028-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| APH/APH2/APH3 SOMERSET INVESTOR 2 LLC / AQUARIAN INSURANCE HOLDINGS LLC                                | AQUARI 7.875 11/01/29 144A                                                                              | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2497000 | PA      | $2260221.98   | 0.51%             | 2029-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                                        | TDG 6.375 05/31/33 144A                                                                                 | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1617619.74   | 0.37%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| LifePoint Health, Inc                                                                                  | RGCARE 8.375 02/15/32 144A                                                                              | CUSIP: 53219LAY5<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |   1087000 | PA      | $1161613.85   | 0.26%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Team Health Holdings Inc.                                                                              | TMH 8.375 06/30/28 144A                                                                                 | CUSIP: 87817AAE7<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | DBT              | CORP              | US        |   2207000 | PA      | $2180277.98   | 0.50%             | 2028-06-30      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                                                          | DISH 5.125 06/01/29                                                                                     | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1568000 | PA      | $1402978.65   | 0.32%             | 2029-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Hexion Holdings Corporation                                                                            | Hexion Term Loan B 400 2029-03-01                                                                       | CUSIP: 00217XAE6<br>LEI: 549300LBB370MUHGLV84 | Long             | LON              | CORP              | US        |    690000 | PA      | $661682.40    | 0.15%             | 2029-03-15      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                                       | CHTR 4.25 01/15/34 144A                                                                                 | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $642317.70    | 0.15%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| CoreWeave Inc.                                                                                         | CRWV 9.25 06/01/30 144A                                                                                 | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |   2669000 | PA      | $2595907.83   | 0.59%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: —       |
| NGL Energy Operating LLC                                                                               | NGL Energy Operating Term Loan B 350 2033-02-24                                                         | CUSIP: 62922KAH3<br>LEI: 5493008CQD36WWZJ3O79 | Long             | LON              | CORP              | US        |    468000 | PA      | $469170.00    | 0.11%             | 2033-03-11      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| Clearway Energy Operating LLC                                                                          | CWENA 5.75 01/15/34 144A                                                                                | CUSIP: 18539UAG0<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |   1362000 | PA      | $1339384.67   | 0.30%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Beacon Mobility Financial Corp.                                                                        | BEAMOB 7.25 08/01/30 144A                                                                               | CUSIP: 073644AA4<br>LEI: 254900EBTYFG24UQEM31 | Long             | DBT              | CORP              | US        |   1896000 | PA      | $1960058.26   | 0.45%             | 2030-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment Inc.                                                                             | CZR 7 02/15/30 144A                                                                                     | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   1185000 | PA      | $1200209.48   | 0.27%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Auris Luxembourg III SARL                                                                              | WS AUDIOLOGY AS                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | DK        |   1115205 | PA      | $1116599.01   | 0.25%             | 2029-02-28      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Wesco Distribution, Inc.                                                                               | WCC 5.5 04/15/34 144A                                                                                   | CUSIP: 95081QAU8<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   1295000 | PA      | $1278616.94   | 0.29%             | 2034-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SAS                                                                                      | SFRFP 10 01/15/33 144A                                                                                  | CUSIP: 020956AA6<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   1174000 | PA      | $1068325.79   | 0.24%             | 2033-01-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Froneri Lux Finco S.a r.l.                                                                             | ICECR 6 08/01/32 144a                                                                                   | CUSIP: 35901MAA5<br>LEI: 9845005YBZ75E5AA3B94 | Long             | DBT              | CORP              | LU        |   1710000 | PA      | $1668913.49   | 0.38%             | 2032-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corporation                                                                           | THC 6.125 06/15/30                                                                                      | CUSIP: 88033GDQ0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1132000 | PA      | $1140775.26   | 0.26%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Olympus Water US Holding Corp.                                                                         | SOLEIN 7.25 02/15/33 144*                                                                               | CUSIP: 681639AE0<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   1340000 | PA      | $1279681.51   | 0.29%             | 2033-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Bausch Health Companies Inc.                                                                           | BHCCN 11 09/30/28 144A                                                                                  | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    655000 | PA      | $668747.48    | 0.15%             | 2028-09-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Kioxia Holdings Corp.                                                                                  | KIOXIA 6.625 07/24/33 144A                                                                              | CUSIP: 49726JAB4<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |   2406000 | PA      | $2475111.99   | 0.56%             | 2033-07-24      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Petsmart LLC / Petsmart Financial Corp.                                                                | PETM 7.5 09/15/32                                                                                       | CUSIP: 71677KAC2<br>LEI: 894500NGJMHSFNESGA67 | Long             | DBT              | CORP              | US        |   1182000 | PA      | $1188636.93   | 0.27%             | 2032-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Nassau Companies Of New York                                                                           | NASSAU 7.875 07/15/30 144A                                                                              | CUSIP: 63155AAA6<br>LEI: 549300Q3ENSFI87YLC32 | Long             | DBT              | CORP              | US        |   1127000 | PA      | $1030487.78   | 0.23%             | 2030-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| FIESTA PURCHASER INC                                                                                   | SHEARE 9.625 09/15/32 144A                                                                              | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1659077.88   | 0.38%             | 2032-09-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| TerraForm Power Operating, LLC                                                                         | TERP 4.75 01/15/30 144A                                                                                 | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |   1437000 | PA      | $1377075.95   | 0.31%             | 2030-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Discovery Global Holdings Inc.                                                                         | WBD 4.279 03/15/32 *                                                                                    | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1188000 | PA      | $1052865.00   | 0.24%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: —       |
| Jane Street Group LLC / JSG Finance Inc.                                                               | JANEST 7.125 04/30/31 144A                                                                              | CUSIP: 47077WAC2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |   2369000 | PA      | $2436672.85   | 0.55%             | 2031-04-30      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Pennymac Financial Services Inc                                                                        | PFSI 6.75 02/15/34 144A                                                                                 | CUSIP: 70932MAH0<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    821000 | PA      | $769173.09    | 0.18%             | 2034-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Qnity Electronics Inc.                                                                                 | QNTELE 5.75 08/15/32 144A                                                                               | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |   1555000 | PA      | $1558795.76   | 0.35%             | 2032-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Albion Financing 1 S.a.r.l.                                                                            | AGKLN 7 05/21/30 144A                                                                                   | CUSIP: 01330AAA4<br>LEI: 259400W9CABUZBRDLP97 | Long             | DBT              | CORP              | LU        |   1328000 | PA      | $1358247.86   | 0.31%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Lumen Technologies Inc                                                                                 | LUMN 5.375 06/15/29 144A                                                                                | CUSIP: 550241AA1<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |   1260000 | PA      | $1194779.43   | 0.27%             | 2029-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| United Group B.V.                                                                                      | ADRBID 6.5 10/31/31 144A                                                                                | CUSIP: 000000000<br>LEI: 213800PC85O8BJ7DU398 | Long             | DBT              | CORP              | NL        |    600000 | PA      | $685948.47    | 0.16%             | 2031-10-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| W. R. Grace Holdings Llc                                                                               | GRA 6.625 08/15/32 144A                                                                                 | CUSIP: 92943GAF8<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    931000 | PA      | $907990.63    | 0.21%             | 2032-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings Inc                                                                                | ZAYO L 03/11/30 1                                                                                       | CUSIP: 98919XAH4<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |   1856555 | PA      | $1826283.86   | 0.42%             | 2030-03-11      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| Post Holdings Inc.                                                                                     | POST 6.5 03/15/36 144A                                                                                  | CUSIP: 737446AY0<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   1579000 | PA      | $1547934.60   | 0.35%             | 2036-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CHS/Community Health Systems Inc                                                                       | CYH 9.75 01/15/34 144A                                                                                  | CUSIP: 12543DBQ2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   2699000 | PA      | $2804579.81   | 0.64%             | 2034-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Northern Oil And Gas, Inc.                                                                             | NOG 8.75 06/15/31 144A                                                                                  | CUSIP: 665530AB7<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |   1383000 | PA      | $1438900.86   | 0.33%             | 2031-06-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: —       |
| Ryan Specialty LLC                                                                                     | RYASPE 5.875 08/01/32 144A                                                                              | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |   1259000 | PA      | $1245364.53   | 0.28%             | 2032-08-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| Hilton Domestic Operating Co Inc.                                                                      | HLT 4 05/01/31 144A                                                                                     | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1549892.03   | 0.35%             | 2031-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Goat Holdco LLC                                                                                        | B 6.75 02/01/32 144A                                                                                    | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2711000 | PA      | $2729960.73   | 0.62%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Bausch Health Companies Inc.                                                                           | BHCCN 5 01/30/28 144A                                                                                   | CUSIP: 071734AH0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    781000 | PA      | $660800.20    | 0.15%             | 2028-01-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EchoStar Corp.                                                                                         | SATS 10.75 11/30/29 .                                                                                   | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   2732000 | PA      | $2952925.28   | 0.67%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| StubHub Holdco Sub LLC (F/K/A Pug LLC)                                                                 | Stubhub (Viagogo) Term Loan B 475 2030-03-01                                                            | CUSIP: 74530DAH8<br>LEI: 549300NL9JUFIOARLW93 | Long             | LON              | CORP              | US        |    700000 | PA      | $691033.00    | 0.16%             | 2030-03-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Sirius Xm Radio LLC                                                                                    | SIRI 4.125 07/01/30 144A                                                                                | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   1260000 | PA      | $1180597.57   | 0.27%             | 2030-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FMG Resources (August 2006) Pty Ltd.                                                                   | FMGAU 6.125 04/15/32 144A                                                                               | CUSIP: 30251GBE6<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |   1523000 | PA      | $1557614.20   | 0.35%             | 2032-04-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: —       |
| Mercer International Inc.                                                                              | MERC 12.875 10/01/28 144A                                                                               | CUSIP: 588056BC4<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |    490000 | PA      | $309957.34    | 0.07%             | 2028-10-01      | Fixed         | 12.88%                | No            |                  2 | On Loan: —       |
| BAUSCH HEALTH AMERICAS INC                                                                             | BHCCN 8.5 01/31/27 144A                                                                                 | CUSIP: 91911XAW4<br>LEI: KOO0397YRO83WY5MGD97 | Long             | DBT              | CORP              | US        |    644000 | PA      | $638500.24    | 0.15%             | 2027-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Howden UK Refinance 2 PLC / Howden US Finance LLC                                                      | HWDGRP 8.125 02/15/32 144A                                                                              | CUSIP: 44287DAA1<br>LEI: 875500O63ODR8S3K5X33 | Long             | DBT              | CORP              | GB        |   2362000 | PA      | $2215236.66   | 0.50%             | 2032-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| CHS/Community Health Systems Inc                                                                       | CYH 5.25 05/15/30 144A                                                                                  | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    565000 | PA      | $532864.12    | 0.12%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Pearl Compute LLC                                                                                | BLKPRL 6.125 02/15/31 144A                                                                              | CUSIP: 09216NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2202000 | PA      | $2243941.49   | 0.51%             | 2031-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| United Airlines Holdings Inc                                                                           | UAL 5.375 03/01/31                                                                                      | CUSIP: 910047AL3<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |    960000 | PA      | $941344.03    | 0.21%             | 2031-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| E.W. Scripps Company, The                                                                              | SSP L 11/30/29 2                                                                                        | CUSIP: 26928BAR0<br>LEI: 549300U1OW41QPKYW028 | Long             | LON              | CORP              | US        |    869448 | PA      | $857493.35    | 0.20%             | 2029-11-30      | Floating      | 7.14%                 | No            |                  2 | On Loan: No      |
| Novelis Corporation                                                                                    | HNDLIN 4.75 01/30/30 144A                                                                               | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   1330000 | PA      | $1259194.50   | 0.29%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Osaic Holdings Inc.                                                                                    | ADVGRO 8 08/01/33 144A                                                                                  | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |   1041000 | PA      | $1028525.96   | 0.23%             | 2033-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Cidron Aida Finco S.r.l.                                                                               | ADVZCN 7 10/27/31 144a                                                                                  | CUSIP: 000000000<br>LEI: 98450036A07991DEBF10 | Long             | DBT              | CORP              | LU        |    566000 | PA      | $619419.17    | 0.14%             | 2031-10-27      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                                          | OMF 7.875 03/15/30                                                                                      | CUSIP: 682691AE0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    638000 | PA      | $658825.78    | 0.15%             | 2030-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP LP                                                                                         | UNIT 6 01/15/30 144A                                                                                    | CUSIP: 91327AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1233000 | PA      | $1161044.11   | 0.26%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Arcosa Inc                                                                                             | ACA 6.875 08/15/32 144A                                                                                 | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1271512.12   | 0.29%             | 2032-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc                                       | ALIANT 7 01/15/31 144A                                                                                  | CUSIP: 01883LAF0<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1311728.69   | 0.30%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Usi Inc                                                                                                | COMINV 7.5 01/15/32 144A                                                                                | CUSIP: 90346KAB5<br>LEI: 2549006D7UF7072T7I27 | Long             | DBT              | CORP              | US        |   1102000 | PA      | $1117878.72   | 0.25%             | 2032-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP                                                              | XIFR 8.375 01/15/31 144A                                                                                | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   1154000 | PA      | $1215445.88   | 0.28%             | 2031-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: —       |
| WULF Compute LLC                                                                                       | WULF 7.75 10/15/30 144A                                                                                 | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2561000 | PA      | $2707783.72   | 0.62%             | 2030-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| Rocket Companies Inc                                                                                   | RKT 6.125 08/01/30 144A                                                                                 | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    966000 | PA      | $975512.20    | 0.22%             | 2030-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Option Care Health Inc                                                                                 | OPCH 4.375 10/31/29 144A                                                                                | CUSIP: 68404LAA0<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | DBT              | CORP              | US        |   2344000 | PA      | $2260654.63   | 0.51%             | 2029-10-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                                       | NRG 6.25 11/01/34 144A                                                                                  | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1731000 | PA      | $1746210.63   | 0.40%             | 2034-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Jane Street Group LLC / JSG Finance Inc.                                                               | JANEST 6.125 11/01/32 144A                                                                              | CUSIP: 47077WAD0<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |   2056000 | PA      | $2034933.61   | 0.46%             | 2032-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Hilton Domestic Operating Co Inc.                                                                      | HLT 5.5 03/31/34 144A                                                                                   | CUSIP: 432833AT8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    629000 | PA      | $615012.24    | 0.14%             | 2034-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United Rentals (North America), Inc.                                                                   | URI 4 07/15/30                                                                                          | CUSIP: 911365BN3<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    904000 | PA      | $859338.33    | 0.20%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gray Media Inc.                                                                                        | GTN 9.625 07/15/32 144A                                                                                 | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   1060000 | PA      | $1060918.49   | 0.24%             | 2032-07-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Rocket Companies Inc                                                                                   | RKT 6.375 08/01/33 144A                                                                                 | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1123313.34   | 0.26%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                                        | TDG 6.375 03/01/29 144A                                                                                 | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2205000 | PA      | $2248908.14   | 0.51%             | 2029-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corporation                                                                           | THC 6 11/15/33 144A                                                                                     | CUSIP: 88033GDV9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1103773.24   | 0.25%             | 2033-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| Clydesdale Acquisition Holdings Inc.                                                                   | NOVHOL 6.875 01/15/30 144A                                                                              | CUSIP: 18972EAC9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   1357000 | PA      | $1320663.11   | 0.30%             | 2030-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings Inc                                                                                | ZAYO 13.75 09/09/30 144A                                                                                | CUSIP: 98919VAD7<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |    484600 | PA      | $453212.46    | 0.10%             | 2030-09-09      | Variable      | 13.75%                | No            |                  2 | On Loan: No      |
| GRAFTECH GLOBAL ENTERPRISES INC                                                                        | EAF 9.875 12/23/29 144A                                                                                 | CUSIP: 38431AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    805000 | PA      | $518175.52    | 0.12%             | 2029-12-23      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| 1011778 B.C. Unlimited Liability Company / New Red Finance, Inc.                                       | BCULC 4 10/15/30 144A                                                                                   | CUSIP: 68245XAM1<br>LEI: 549300RHSHNRWI5LLA86 | Long             | DBT              | CORP              | CA        |   1761000 | PA      | $1656132.80   | 0.38%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PMI (US) Bidco, Inc.                                                                                   | MAHSEER HOLDINGS LLC                                                                                    | CUSIP: 56017PAD9<br>LEI: N/A                  | Long             | LON              | CORP              | N/A       |     65103 | PA      | $65408.79     | 0.01%             | 2033-03-16      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Altice France SA                                                                                       | NUMERICABLE US LLC                                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1409885 | PA      | $1415468.47   | 0.32%             | 2031-05-31      | Floating      | 10.55%                | No            |                  2 | On Loan: No      |
| Transocean International Ltd.                                                                          | RIG 6.8 03/15/38                                                                                        | CUSIP: 893830AT6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    342000 | PA      | $328796.41    | 0.07%             | 2038-03-15      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                                       | CHTR 4.5 05/01/32                                                                                       | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1055138.83   | 0.24%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Rakuten Group Inc.                                                                                     | RAKUTN 9.75 04/15/29 144A                                                                               | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |   1147000 | PA      | $1223494.28   | 0.28%             | 2029-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Nissan Motor Co Ltd.                                                                                   | NSANY 7.5 07/17/30 144A                                                                                 | CUSIP: 654922AB9<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |   1766000 | PA      | $1781092.87   | 0.41%             | 2030-07-17      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Light & Wonder International Inc.                                                                      | LNW 6.25 10/01/33 144A                                                                                  | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |   1384000 | PA      | $1356970.48   | 0.31%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Resideo Funding Inc.                                                                                   | REZI 4 09/01/29 144A                                                                                    | CUSIP: 76119LAB7<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |   2037000 | PA      | $1926730.47   | 0.44%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| CLARIOS GLOBAL LP                                                                                      | POWSOL 6.75 05/15/28 144A                                                                               | CUSIP: 18060TAC9<br>LEI: 549300474L1ZLXZY2P98 | Long             | DBT              | CORP              | CA        |   1470000 | PA      | $1485127.77   | 0.34%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| INEOS Finance PLC                                                                                      | INEGRP 7.5 04/15/29 144a                                                                                | CUSIP: 44984WAJ6<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |    766000 | PA      | $743823.07    | 0.17%             | 2029-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| Sunoco LP                                                                                              | SUN V7.875 PERP 144A                                                                                    | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   2167000 | PA      | $2214210.26   | 0.50%             | N/A             | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Dycom Industries, Inc.                                                                                 | DY 4.5 04/15/29 144A                                                                                    | CUSIP: 267475AD3<br>LEI: 549300F56EKTHQI3WT60 | Long             | DBT              | CORP              | US        |   1155000 | PA      | $1121165.20   | 0.26%             | 2029-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| IXS Holdings Inc                                                                                       | IXS (Innovative XCessories & Services) Term Loan B 550 2029-09-01                                       | CUSIP: 45074HAC2<br>LEI: 254900I3GPHU9VH9Z454 | Long             | LON              | CORP              | US        |    739412 | PA      | $739490.14    | 0.17%             | 2029-09-05      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| iShares Trust                                                                                          | iShares Trust IBOXX HI YD ETF                                                                           | CUSIP: 464288513<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     22137 | NS      | $1761219.72   | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| Rithm Capital Corp.                                                                                    | RITM 8 07/15/30 144A                                                                                    | CUSIP: 64828TAC6<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |   1768000 | PA      | $1707801.01   | 0.39%             | 2030-07-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Station Casinos LLC                                                                                    | RRR 4.625 12/01/31 144A                                                                                 | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1121628.00   | 0.26%             | 2031-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: —       |
| American Auto Auction Group LLC                                                                        | American Auto Auction Term Loan B 450 2032-05-12                                                        | CUSIP: 02403MAR1<br>LEI: 5493002VI1KML1L8HW19 | Long             | LON              | CORP              | US        |    688262 | PA      | $685064.98    | 0.16%             | 2032-05-28      | Floating      | 8.20%                 | No            |                  2 | On Loan: No      |
| LBM Acquisition LLC                                                                                    | USLBMH 6.25 01/15/29 144A                                                                               | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |   1094000 | PA      | $800776.82    | 0.18%             | 2029-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Cotiviti Inc                                                                                           | Cotiviti Inc Fixed-rate Loan 2031-02-12                                                                 | CUSIP: 22164MAD9<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |    711250 | PA      | $665018.75    | 0.15%             | 2031-05-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Rockies Express Pipeline LLC                                                                           | ROCKIE 4.8 05/15/30 144A                                                                                | CUSIP: 77340RAT4<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |   1865000 | PA      | $1789803.39   | 0.41%             | 2030-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Novelis Corporation                                                                                    | HNDLIN 6.375 08/15/33 144A                                                                              | CUSIP: 670001AN6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    912000 | PA      | $895308.30    | 0.20%             | 2033-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Pax Holdco Spain, S.L.U.                                                                               | FINANCIERE PAX SAS                                                                                      | CUSIP: 000000000<br>LEI: 5493003QHT6ZHQO67865 | Long             | LON              | CORP              | FR        |   1000000 | PA      | $1138518.03   | 0.26%             | 2029-12-31      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| SM Energy Co.                                                                                          | SM 6.75 08/01/29 144A                                                                                   | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   1187000 | PA      | $1205739.17   | 0.27%             | 2029-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CTEC II GmbH                                                                                           | CERTEC 5.25 02/15/30 144A                                                                               | CUSIP: 000000000<br>LEI: 98450044C9BACG3DA974 | Long             | DBT              | CORP              | DE        |    630000 | PA      | $660432.03    | 0.15%             | 2030-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GrafTech Finance Inc.                                                                                  | EAF 4.625 12/23/29 144A                                                                                 | CUSIP: 384311AC0<br>LEI: 1Z010BU876CF2HDBIN43 | Long             | DBT              | CORP              | US        |   1662000 | PA      | $929529.68    | 0.21%             | 2029-12-23      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Iqvia Inc                                                                                              | IQV 6.25 06/01/32 144A                                                                                  | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   1306000 | PA      | $1327863.75   | 0.30%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA GROUP INC                                                                                | NXST 7.25 04/15/34 144A                                                                                 | CUSIP: 65346UAA7<br>LEI: 52990083ZRR5UT591988 | Long             | DBT              | CORP              | US        |    600000 | PA      | $602422.01    | 0.14%             | 2034-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Celanese US Holdings Llc                                                                               | CE 6.75 04/15/33                                                                                        | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1231911.52   | 0.28%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| SV RNO Property Owner 1 LLC                                                                            | TRACTC 5.875 03/01/31 144A                                                                              | CUSIP: 78488XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2641000 | PA      | $2612180.25   | 0.59%             | 2031-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Waste Pro USA Inc                                                                                      | WASPRO 7 02/01/33 144A                                                                                  | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |   1964000 | PA      | $1991006.96   | 0.45%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TK Elevator Midco Gmbh                                                                                 | THYELE L 04/30/30 13                                                                                    | CUSIP: 000000000<br>LEI: 254900K869UN2ZWVB351 | Long             | LON              | CORP              | DE        |   1000000 | PA      | $1151070.56   | 0.26%             | 2030-04-30      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Trimaran Cavu 2019-1 Ltd / LLC                                                                         | CAVU 2019-1A ER                                                                                         | CUSIP: 896218AW4<br>LEI: 549300IGMQ24BLOIU872 | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $1340193.40   | 0.30%             | 2037-01-21      | Floating      | 9.67%                 | No            |                  2 | On Loan: No      |
| Innophos Holdings, Inc.                                                                                | IPHS 11.5 06/15/29 144A                                                                                 | CUSIP: 45774NAD0<br>LEI: XQ0331QX53IRX25OY417 | Long             | DBT              | CORP              | US        |    775000 | PA      | $642072.00    | 0.15%             | 2029-06-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                                               | VST 7.75 10/15/31 144A                                                                                  | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    865000 | PA      | $906486.82    | 0.21%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BKV Upstream Midstream LLC                                                                             | BKVCOR 7.5 10/15/30 144A                                                                                | CUSIP: 05619CAA3<br>LEI: 254900LG75NBYHBBAU18 | Long             | DBT              | CORP              | US        |   2696000 | PA      | $2726836.85   | 0.62%             | 2030-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                                     | ET V6.625 PERP B                                                                                        | CUSIP: 29273VAJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2506000 | PA      | $2508237.86   | 0.57%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: —       |
| Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc.                                                   | RKT 4 10/15/33 144A                                                                                     | CUSIP: 77313LAB9<br>LEI: 549300FGXN1K3HLB1R50 | Long             | DBT              | CORP              | US        |   1743000 | PA      | $1563692.36   | 0.36%             | 2033-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| Sunoco LP                                                                                              | SUN 5.625 07/15/34 144A                                                                                 | CUSIP: 86765KAN9<br>LEI: 5493006LL0CKP8WQW329 | Long             | DBT              | CORP              | US        |    412000 | PA      | $405983.09    | 0.09%             | 2034-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Cipher Compute LLC                                                                                     | CIFR 7.125 11/15/30 144A                                                                                | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1512000 | PA      | $1568365.85   | 0.36%             | 2030-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Mohegan Escrow Issuer LLC                                                                              | MOHEGN 8.25 04/15/30 144A                                                                               | CUSIP: 60832QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1324000 | PA      | $1356318.84   | 0.31%             | 2030-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Block Communications, Inc.                                                                             | BLOCKC 10.25 03/01/31 144A                                                                              | CUSIP: 093645AK5<br>LEI: M5G68A9OHJWIL4SFC742 | Long             | DBT              | CORP              | US        |    675000 | PA      | $618239.86    | 0.14%             | 2031-03-01      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| Apld Computeco 2 LLC                                                                                   | PFORGE 6.75 03/15/31 144A                                                                               | CUSIP: 03772CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3156000 | PA      | $3134978.20   | 0.71%             | 2031-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                                               | VST 4.375 05/01/29 144A                                                                                 | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1172193.76   | 0.27%             | 2029-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                         | C V6.625 PERP                                                                                           | CUSIP: 172967QJ3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2220000 | PA      | $2223175.11   | 0.51%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PG&E Corporation                                                                                       | PCG 5.25 07/01/30                                                                                       | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   1299000 | PA      | $1282531.41   | 0.29%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| 1261229 BC Ltd                                                                                         | Bausch Health (fka Valeant) Term Loan B 625 2030-09-17                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1311092 | PA      | $1268842.54   | 0.29%             | 2030-09-25      | Floating      | 9.92%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc.                                                                          | UVN 4.5 05/01/29 144A                                                                                   | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   1190000 | PA      | $1118845.74   | 0.25%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| Acrisure Llc / Acrisure Fin Inc                                                                        | ACRISU 6.75 07/01/32 144A                                                                               | CUSIP: 004961AA6<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |   2039000 | PA      | $1966805.33   | 0.45%             | 2032-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDINGS LLC                                                                         | RCM 6.875 11/15/31 144A                                                                                 | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1742000 | PA      | $1680868.17   | 0.38%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Anywhere Real Estate Group LLC/Anywhere Co-Issuer Corp.                                                | HOUS 5.25 04/15/30 144A                                                                                 | CUSIP: 75606DAQ4<br>LEI: LF6PBYTYG3BDVEF4FI12 | Long             | DBT              | CORP              | US        |   2581000 | PA      | $2440652.70   | 0.56%             | 2030-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Celsa Opco SAU                                                                                         | Celsa Opco SA                                                                                           | CUSIP: 000000000<br>LEI: 95980020140005024777 | Long             | DBT              | CORP              | ES        |    778000 | PA      | $892251.13    | 0.20%             | 2030-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Nebius Group N.V.                                                                                      | NBIS 2.625 03/15/33 .                                                                                   | CUSIP: 63954QAL0<br>LEI: 549300GGZHJ5Q1B18P93 | Long             | DBT              | CORP              | NL        |    430000 | PA      | $401878.00    | 0.09%             | 2033-03-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL HOLDINGS (US) INC                                                                    | GFLCN 5.5 02/01/34 144A                                                                                 | CUSIP: 36273TAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2008000 | PA      | $1971948.17   | 0.45%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Forvia SE                                                                                              | EOFP 6.75 09/15/33 144A                                                                                 | CUSIP: 31209DAC9<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |   1313000 | PA      | $1282741.65   | 0.29%             | 2033-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| SPDR Series Trust                                                                                      | SPDR Series Trust STATE STREET SPDR BLOOMBERG HIGH YIELD BOND ETF                                       | CUSIP: 78468R622<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     18535 | NS      | $1774170.20   | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| NCL Corporation Ltd.                                                                                   | NCLH 6.75 02/01/32 144A                                                                                 | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   1329000 | PA      | $1319886.65   | 0.30%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Osaic Holdings Inc.                                                                                    | ADVGRO 6.75 08/01/32 144A                                                                               | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    880000 | PA      | $880761.11    | 0.20%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Discovery Communications, LLC                                                                          | WBD 4.125 05/15/29 *                                                                                    | CUSIP: 25470DCA5<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |   1341000 | PA      | $1295976.93   | 0.29%             | 2029-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Acrisure Llc / Acrisure Fin Inc                                                                        | ACRISU 8.25 02/01/29 144A                                                                               | CUSIP: 00489LAK9<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |    841000 | PA      | $832011.06    | 0.19%             | 2029-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Sotera Health Holdings LLC                                                                             | STENOR 7.375 06/01/31 144A                                                                              | CUSIP: 83600WAE9<br>LEI: 549300OVT7MBXFLOFU20 | Long             | DBT              | CORP              | US        |   2471000 | PA      | $2555565.03   | 0.58%             | 2031-06-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Riot Platforms Inc                                                                                     | RIOT 0.75 01/15/30                                                                                      | CUSIP: 767292AB1<br>LEI: 5299005LKZAJQDQZDF73 | Long             | DBT              | CORP              | US        |    270000 | PA      | $311175.00    | 0.07%             | 2030-01-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                                                                | LVLT 7 03/31/34 144A                                                                                    | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    778000 | PA      | $796933.32    | 0.18%             | 2034-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ProAmpac PG Borrower LLC                                                                               | ProAmpac Term Loan B 400 2033-02-07                                                                     | CUSIP: 74274NAM5<br>LEI: 549300ZI6LTXYFEY1578 | Long             | LON              | CORP              | US        |    680000 | PA      | $658410.00    | 0.15%             | 2033-03-07      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Bombardier Inc.                                                                                        | BBDBCN 6.75 06/15/33 144A                                                                               | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   1564000 | PA      | $1617110.31   | 0.37%             | 2033-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                                                  | AAL 5.75 04/20/29 144A                                                                                  | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2317451 | PA      | $2306258.41   | 0.52%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP                                                              | XIFR 7.75 04/15/34 144A                                                                                 | CUSIP: 98379YAA0<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    956000 | PA      | $987941.87    | 0.22%             | 2034-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| Altice LuxCo 3 Shares                                                                                  | Altice LuxCo 3 Shares                                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | N/A       |     22256 | NS      | $369791.09    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| St. Paul's CLO XI Designated Activity Company                                                          | SPAUL 11A E                                                                                             | CUSIP: 000000000<br>LEI: 549300JLC0F0KOP66P28 | Long             | ABS-O            | CORP              | IE        |   1000000 | PA      | $1106985.29   | 0.25%             | 2032-01-17      | Floating      | 8.03%                 | No            |                  2 | On Loan: No      |
| United Rentals (North America), Inc.                                                                   | URI 3.75 01/15/32                                                                                       | CUSIP: 911365BP8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   1031000 | PA      | $946224.17    | 0.22%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc                                                                                   | CLF 7.375 05/01/33 144A                                                                                 | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    710000 | PA      | $695153.96    | 0.16%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC / Allied Universal Finance Corporation                                     | UNSEAM 6.875 06/15/30 144A                                                                              | CUSIP: 019576AF4<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |   1570000 | PA      | $1592689.64   | 0.36%             | 2030-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LBM Acquisition LLC                                                                                    | US LBM Term Loan B (Incremental) 375 2031-05-16                                                         | CUSIP: 50179JAH1<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |    937614 | PA      | $756659.36    | 0.17%             | 2031-06-06      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| Arches Buyer Inc                                                                                       | ACOM 6.125 12/01/28 144A                                                                                | CUSIP: 039524AB9<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |   1182000 | PA      | $1132985.42   | 0.26%             | 2028-12-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                                                                  | DTV 10 02/15/31 144A                                                                                    | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1656000 | PA      | $1691801.48   | 0.38%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Lightning Power LLC                                                                                    | LIGPLL 7.25 08/15/32 144A                                                                               | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |   1320000 | PA      | $1373127.03   | 0.31%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CRC INSURANCE GROUP LLC                                                                                | TIHLLC 7.125 06/01/31 144A                                                                              | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1994000 | PA      | $2001704.82   | 0.46%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| VIRTUSA CORP                                                                                           | VRTU 7.125 12/15/28 144A                                                                                | CUSIP: 92837TAA0<br>LEI: C77OMXDER63WLJCSKT03 | Long             | DBT              | CORP              | US        |   2294000 | PA      | $1769144.04   | 0.40%             | 2028-12-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC / Allied Universal Finance Corp / Atlas Luxco 4 SARL                       | UNSEAM 4.625 06/01/28 144A                                                                              | CUSIP: 019579AA9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    880000 | PA      | $860332.40    | 0.20%             | 2028-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Builders Firstsource, Inc.                                                                             | BLDR 4.25 02/01/32 144A                                                                                 | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   1482000 | PA      | $1366185.26   | 0.31%             | 2032-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                                                  | QUIKHO 6.375 03/01/32 144A                                                                              | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   1756000 | PA      | $1781906.27   | 0.41%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ContourGlobal Power Holdings S.A.                                                                      | CONGLO 6.75 02/28/30 144A                                                                               | CUSIP: 21220LAB9<br>LEI: 549300O5AGIFK0PQ1516 | Long             | DBT              | CORP              | LU        |   2563000 | PA      | $2595011.87   | 0.59%             | 2030-02-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE HOLDING SA                                                                               | SFRFP 9.5 11/01/29 144A                                                                                 | CUSIP: 02090DAA6<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |   1319319 | PA      | $1334109.89   | 0.30%             | 2029-11-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                                                                       | UWMC 6.625 02/01/30 144A                                                                                | CUSIP: 903522AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1429000 | PA      | $1349071.53   | 0.31%             | 2030-02-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ADT Security Corp.                                                                                     | ADT 5.875 10/15/33 144A                                                                                 | CUSIP: 00109LAB9<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |   1214000 | PA      | $1176972.39   | 0.27%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Artera Services LLC                                                                                    | POWBUY 8.5 02/15/31 144A                                                                                | CUSIP: 04302XAA2<br>LEI: 549300J2G34D0WX8Z443 | Long             | DBT              | CORP              | US        |    935000 | PA      | $801413.46    | 0.18%             | 2031-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| Catawba Nation Gaming Authority                                                                        | CATAWBA NATION GAMING AUTHORITY                                                                         | CUSIP: 14907EAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    670000 | PA      | $682147.10    | 0.16%             | 2032-03-29      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Petsmart LLC / Petsmart Financial Corp.                                                                | PETM 10 09/15/33                                                                                        | CUSIP: 71677KAD0<br>LEI: 894500NGJMHSFNESGA67 | Long             | DBT              | CORP              | US        |    635000 | PA      | $634255.91    | 0.14%             | 2033-09-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Beach Acquisition Bidco LLC                                                                            | SKX 10 07/15/33 144a                                                                                    | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |   2245588 | PA      | $2393218.44   | 0.54%             | 2033-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Gulfport Energy Operating Corp.                                                                        | GPOR 6.75 09/01/29 144A                                                                                 | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |   2929000 | PA      | $2999208.13   | 0.68%             | 2029-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                                                          | DISH 5.75 12/01/28 144A                                                                                 | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    781000 | PA      | $755849.88    | 0.17%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Neptune BidCo US Inc.                                                                                  | NLSN 9.29 04/15/29 144A                                                                                 | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |   1997000 | PA      | $2004185.21   | 0.46%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK Financing I PLC                                                                             | VMED 5.625 04/15/32 144A                                                                                | CUSIP: 000000000<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    790000 | PA      | $841576.56    | 0.19%             | 2032-04-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AAR Corp.                                                                                              | AIR 6.75 03/15/29 144A                                                                                  | CUSIP: 00253PAA6<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | DBT              | CORP              | US        |   2146000 | PA      | $2185694.56   | 0.50%             | 2029-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corporation                                                                           | THC 4.25 06/01/29                                                                                       | CUSIP: 88033GDM9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    875000 | PA      | $848991.63    | 0.19%             | 2029-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                                                                   | CCL 5.75 08/01/32 144A                                                                                  | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   1310000 | PA      | $1311211.49   | 0.30%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                                       | NRG 5.75 01/15/34 144A                                                                                  | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1365000 | PA      | $1347370.21   | 0.31%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| EMRLD Borrower LP / Emerald Co-Issuer Inc.                                                             | EMECLI 6.625 12/15/30 144A                                                                              | CUSIP: 29103CAA6<br>LEI: 5493000GJYE7GAQCUC61 | Long             | DBT              | CORP              | US        |   3180000 | PA      | $3238222.62   | 0.74%             | 2030-12-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                                       | CHTR 5.375 06/01/29 144A                                                                                | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2885000 | PA      | $2847127.74   | 0.65%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                                                                       | UWMC 6.25 03/15/31 144A                                                                                 | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1866000 | PA      | $1700906.58   | 0.39%             | 2031-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corporation                                                                           | THC 6.75 05/15/31                                                                                       | CUSIP: 88033GDU1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1105000 | PA      | $1130114.44   | 0.26%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                                               | VST 6.875 04/15/32 144A                                                                                 | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   2785000 | PA      | $2883971.58   | 0.66%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Graphic Packaging International LLC                                                                    | GPK 6.375 07/15/32 144A                                                                                 | CUSIP: 38869AAE7<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |   1567000 | PA      | $1561565.85   | 0.36%             | 2032-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| JETBLUE AIRWAYS CORP / JETBLUE LOYALTY LP                                                              | JBLU 9.875 09/20/31 144A                                                                                | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1337000 | PA      | $1265361.32   | 0.29%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Belron U.K Finance PLC                                                                                 | BELRON 5.75 10/15/29 144a                                                                               | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |   1777000 | PA      | $1789376.81   | 0.41%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Insulet Corporation                                                                                    | PODD 6.5 04/01/33 144A                                                                                  | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |   1184000 | PA      | $1209381.41   | 0.28%             | 2033-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Voltagrid LLC                                                                                          | VOLTAG 7.375 11/01/30 144A                                                                              | CUSIP: 92874BAA3<br>LEI: 254900R5BEUGIKK1FM03 | Long             | DBT              | CORP              | US        |   1965000 | PA      | $2030373.59   | 0.46%             | 2030-11-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                                                                | LVLT 8.5 01/15/36 144A                                                                                  | CUSIP: 527298CQ4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   2354803 | PA      | $2459266.09   | 0.56%             | 2036-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Simmons Foods Inc / Simmons Prepared Foods Inc / Simmons Pet Food Inc / Simmons Feed (Ingredients Inc) | SIMFOO 4.625 03/01/29 144A                                                                              | CUSIP: 82873MAA1<br>LEI: 5493002Z1TVWRIL6NM97 | Long             | DBT              | CORP              | US        |   2824000 | PA      | $2719740.77   | 0.62%             | 2029-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: —       |
| Dealer Tire LLC                                                                                        | DEATIR 8 02/01/28 144A                                                                                  | CUSIP: 24229JAA1<br>LEI: 549300XTS06OMOCRSE50 | Long             | DBT              | CORP              | US        |    769000 | PA      | $752376.83    | 0.17%             | 2028-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Pennymac Financial Services Inc                                                                        | PFSI 7.125 11/15/30 144A                                                                                | CUSIP: 70932MAE7<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   1081000 | PA      | $1075081.31   | 0.24%             | 2030-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| DBR Land Holdings LLC                                                                                  | LB 6.25 12/01/30 144A                                                                                   | CUSIP: 24024BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2377000 | PA      | $2408186.24   | 0.55%             | 2030-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Ardonagh Finco Ltd.                                                                                    | ARDGRP 7.75 02/15/31 144A                                                                               | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    696000 | PA      | $704670.07    | 0.16%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Staples, Inc.                                                                                          | SPLS 10.75 09/01/29 144A                                                                                | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |   2501000 | PA      | $2314898.84   | 0.53%             | 2029-09-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Beach Acquisition Bidco LLC                                                                            | SKX 5.25 07/15/32 144A                                                                                  | CUSIP: 07337JAE7<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    590000 | PA      | $655718.07    | 0.15%             | 2032-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Max US Bidco                                                                                           | MAX US BIDCO INC                                                                                        | CUSIP: 57778YAB1<br>LEI: 254900BY85K73YD65D15 | Long             | LON              | CORP              | US        |    726540 | PA      | $600212.78    | 0.14%             | 2030-10-02      | Floating      | 8.70%                 | No            |                  2 | On Loan: No      |
| Kennedy Wilson Inc                                                                                     | KW 4.75 02/01/30                                                                                        | CUSIP: 489399AN5<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |    418000 | PA      | $418436.87    | 0.10%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| Standard Building Solutions Inc.                                                                       | BMCAUS 5.875 03/15/34 144A                                                                              | CUSIP: 853192AA0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    934000 | PA      | $901533.32    | 0.21%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Matador Resources Company                                                                              | MTDR 6.5 04/15/32 144A                                                                                  | CUSIP: 576485AG1<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |   1449000 | PA      | $1465837.42   | 0.33%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc                                                                                   | CLF 7.5 09/15/31 144A                                                                                   | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    652000 | PA      | $650945.39    | 0.15%             | 2031-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Stonepeak Nile Parent LLC                                                                              | ATSG 7.25 03/15/32 144A                                                                                 | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |   1748000 | PA      | $1823167.50   | 0.41%             | 2032-03-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Herc Holdings Inc                                                                                      | HRI 5.75 03/15/31 144A                                                                                  | CUSIP: 42704LAH7<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   1886000 | PA      | $1859156.56   | 0.42%             | 2031-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| ILIAD HOLDING SAS                                                                                      | ILIADH 8.5 04/15/31 144A                                                                                | CUSIP: 449691AF1<br>LEI: 9695009BGMXB527HV965 | Long             | DBT              | CORP              | FR        |   1185000 | PA      | $1240876.31   | 0.28%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CSC Holdings, LLC                                                                                      | CSCHLD 11.75 01/31/29 144A                                                                              | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1386000 | PA      | $1003145.22   | 0.23%             | 2029-01-31      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| Comstock Resources, Inc.                                                                               | CRK 5.875 01/15/30 144A                                                                                 | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   1501000 | PA      | $1454257.81   | 0.33%             | 2030-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Dreyfus Institutional Preferred Money Market Funds                                                     | Dreyfus Institutional Preffered Money Market Funds INST PFD PL MM                                       | CUSIP: 26200T208<br>LEI: 549300RBWL04JG8SIX57 | Long             | STIV             | RF                | US        |  21015400 | NS      | $21015400.01  | 4.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc                                                                                   | CLF 6.875 11/01/29 144A                                                                                 | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    659000 | PA      | $659385.90    | 0.15%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UKG Inc.                                                                                               | ULTI 6.875 02/01/31 144A                                                                                | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |   1813000 | PA      | $1773422.99   | 0.40%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TGNR INTERMEDIATE HOLDINGS LLC                                                                         | RCKENE 5.5 10/15/29 144A                                                                                | CUSIP: 77289KAA3<br>LEI: 5493007AZNVKZ5HEMT23 | Long             | DBT              | CORP              | US        |   3009000 | PA      | $2944357.95   | 0.67%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Athenahealth Group Inc.                                                                                | ATHENA 6.5 02/15/30 144A                                                                                | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |   2798000 | PA      | $2629262.97   | 0.60%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RLJ Lodging Trust LP                                                                                   | RLJ 4 09/15/29 144A                                                                                     | CUSIP: 74965LAB7<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              | CORP              | US        |   1647000 | PA      | $1543759.62   | 0.35%             | 2029-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE PLC                                                                                | HWDGRP 7.25 02/15/31 144A                                                                               | CUSIP: 44287GAA4<br>LEI: 87550008DPN8BDG67910 | Long             | DBT              | CORP              | GB        |    843000 | PA      | $850752.23    | 0.19%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CoreWeave Inc.                                                                                         | CRWV 9 02/01/31 144A                                                                                    | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    610000 | PA      | $581189.03    | 0.13%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| W. R. Grace Holdings Llc                                                                               | GRA 7 08/01/33 144A                                                                                     | CUSIP: 92943GAH4<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    958000 | PA      | $931204.74    | 0.21%             | 2033-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| 1261229 B.C. LTD                                                                                       | BHCCN 10 04/15/32 144A                                                                                  | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   3217000 | PA      | $3296424.51   | 0.75%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Antero Midstream Partners LP / Antero Midstream Finance Corp                                           | AM 5.75 07/01/34 144A                                                                                   | CUSIP: 03690AAN6<br>LEI: 529900HFO1BDEIT4QU11 | Long             | DBT              | CORP              | US        |   1387000 | PA      | $1367723.10   | 0.31%             | 2034-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Windstream Services LLC / Windstream Escrow Finance Corp.                                              | WIN 8.25 10/01/31 144A                                                                                  | CUSIP: 97381AAA0<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |   1778000 | PA      | $1859498.19   | 0.42%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | Federal National Mortgage Association 8.25% NON-CUMULATIVE PREFERRED STOCK, SERIES S                    | CUSIP: 313586752<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | USGSE             | US        |     33000 | NS      | $392700.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Mohegan Escrow Issuer LLC                                                                              | MOHEGN 11.875 04/15/31 144A                                                                             | CUSIP: 60832QAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1146669.70   | 0.26%             | 2031-04-15      | Fixed         | 11.88%                | No            |                  2 | On Loan: No      |
| EchoStar Corp.                                                                                         | SATS 3.875 11/30/30                                                                                     | CUSIP: 278768AB2<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    215000 | PA      | $768539.00    | 0.17%             | 2030-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Global Atlantic Finance Co.                                                                            | GBLATL 7.95 06/15/33 144A                                                                               | CUSIP: 37959GAD9<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |   1318000 | PA      | $1414852.37   | 0.32%             | 2033-06-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: —       |
| OID-OL Intermediate I LLC (AKA Quest Software US Holdings Inc)                                         | OID-OL INTERMEDIATE                                                                                     | CUSIP: 67089SAD3<br>LEI: N/A                  | Long             | LON              | CORP              | N/A       |    636792 | PA      | $425740.01    | 0.10%             | 2029-02-01      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA GROUP INC                                                                                | NXST 6.5 09/15/33 144A                                                                                  | CUSIP: 65346UAB5<br>LEI: 52990083ZRR5UT591988 | Long             | DBT              | CORP              | US        |   1149000 | PA      | $1158449.38   | 0.26%             | 2033-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Wesco Distribution, Inc.                                                                               | WCC 6.375 03/15/33 144A                                                                                 | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   1247000 | PA      | $1271468.63   | 0.29%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| White Cap Supply Holdings LLC                                                                          | WHTCAP 7.375 11/15/30 144A                                                                              | CUSIP: 96467GAC2<br>LEI: 254900L2N0T6GULCL366 | Long             | DBT              | CORP              | US        |   1559000 | PA      | $1513395.82   | 0.34%             | 2030-11-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Post Holdings Inc.                                                                                     | POST 4.625 04/15/30 144A                                                                                | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   2176000 | PA      | $2090493.43   | 0.48%             | 2030-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Alpha Generation LLC                                                                                   | ALPGEN 6.75 10/15/32 144A                                                                               | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |   2275000 | PA      | $2309950.12   | 0.53%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                                        | TDG 7.125 12/01/31 144A                                                                                 | CUSIP: 893647BT3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    467000 | PA      | $482600.60    | 0.11%             | 2031-12-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Alpha Generation LLC                                                                                   | ALPGEN 6.25 01/15/34 144A                                                                               | CUSIP: 02073LAC5<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    853000 | PA      | $838553.25    | 0.19%             | 2034-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Rithm Capital Corp.                                                                                    | RITM 8 04/01/29 144A                                                                                    | CUSIP: 64828TAB8<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |   2680000 | PA      | $2635326.01   | 0.60%             | 2029-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                                       | NRG 3.875 02/15/32 144A                                                                                 | CUSIP: 629377CS9<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1390000 | PA      | $1279841.25   | 0.29%             | 2032-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP / BIP-V CHINOOK HOLDCO LLC                                                               | BLKCQP 5.5 06/15/31                                                                                     | CUSIP: 12657NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2377000 | PA      | $2319245.08   | 0.53%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ares European CLO XII Designated Activity Company                                                      | ARESE 12A E                                                                                             | CUSIP: 000000000<br>LEI: 635400XCOLUI5RNVIZ11 | Long             | ABS-O            | CORP              | IE        |   1450000 | PA      | $1674554.56   | 0.38%             | 2032-04-20      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| Genmab AS And Genmab Finance LLC                                                                       | GMABDC 6.25 12/15/32 144A                                                                               | CUSIP: 37230JAA0<br>LEI: 529900MTJPDPE4MHJ122 | Long             | DBT              | CORP              | DK        |   1480000 | PA      | $1518416.36   | 0.35%             | 2032-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Northern Oil And Gas, Inc.                                                                             | NOG 7.875 10/15/33 144A                                                                                 | CUSIP: 665531AL3<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |   1167000 | PA      | $1208204.44   | 0.27%             | 2033-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| Jump Financial LLC                                                                                     | Jump Financial Term Loan B 350 2032-02-01                                                               | CUSIP: 48138UAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    665328 | PA      | $666159.98    | 0.15%             | 2032-02-26      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| Wand Newco 3 Inc                                                                                       | CALCOL 7.625 01/30/32 144A                                                                              | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |   2676000 | PA      | $2737633.55   | 0.62%             | 2032-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Allwyn Entertainment Financing (UK) PLC                                                                | SAZKAG 7.875 04/30/29 144A                                                                              | CUSIP: 02007VAA8<br>LEI: 315700J7ZTIN8XGCX365 | Long             | DBT              | CORP              | GB        |   1480000 | PA      | $1514087.66   | 0.34%             | 2029-04-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| Neptune BidCo US Inc.                                                                                  | NLSN 9.5 02/15/33 144A                                                                                  | CUSIP: 640695AD4<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |   1875000 | PA      | $1821541.88   | 0.41%             | 2033-02-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VFH Parent LLC & Valor Co-Issuer Inc.                                                                  | VIRT 7.5 06/15/31 144A                                                                                  | CUSIP: 91824YAA6<br>LEI: 549300FRO9M476YHHY64 | Long             | DBT              | CORP              | US        |   3265000 | PA      | $3357066.47   | 0.76%             | 2031-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Wayfair LLC                                                                                            | W 6.75 11/15/32 144A                                                                                    | CUSIP: 94419NAC1<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |    871000 | PA      | $878309.31    | 0.20%             | 2032-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ADT Security Corp.                                                                                     | ADT 4.875 07/15/32 144A                                                                                 | CUSIP: 74166NAA2<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $967894.43    | 0.22%             | 2032-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| DREYFUS INSTITUTIONAL PREFERRED GOVERNMENT PLUS MONEY MARKET FUND                                      | DREYFUS INSTITUTIONAL PREFERRED GOVERNMENT PLUS MONEY MARKET FUND                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  19156133 | NS      | $19156133.48  | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunoco LP                                                                                              | SUN 5.625 03/15/31 144A                                                                                 | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1820000 | PA      | $1812935.31   | 0.41%             | 2031-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                                        | TDG 6.875 12/15/30 144A                                                                                 | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   3130000 | PA      | $3209167.09   | 0.73%             | 2030-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                                       | PARA 4.95 01/15/31                                                                                      | CUSIP: 92556HAB3<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   1420000 | PA      | $1315925.96   | 0.30%             | 2031-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| CoreLogic Inc                                                                                          | CoreLogic Term Loan B 350 2028-03-28                                                                    | CUSIP: 21870FBA6<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |    698172 | PA      | $669376.20    | 0.15%             | 2028-06-02      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| Columbus McKinnon Corp.                                                                                | CMCO 7.125 02/01/33 144A                                                                                | CUSIP: 199333AK1<br>LEI: 549300W3HQB0HO1F3G69 | Long             | DBT              | CORP              | US        |   2157000 | PA      | $2158024.58   | 0.49%             | 2033-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: —       |
| Carnival Corporation                                                                                   | CCL 6.125 02/15/33 144A                                                                                 | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   2202000 | PA      | $2225187.06   | 0.51%             | 2033-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: —       |
| PHH ESCROW ISSUER LLC                                                                                  | PHHESC 9.875 11/01/29 144A                                                                              | CUSIP: 716964AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1447000 | PA      | $1397630.24   | 0.32%             | 2029-11-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Lumen Technologies Inc                                                                                 | LUMN 7.6 09/15/39 P                                                                                     | CUSIP: 156700AM8<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1354150.01   | 0.31%             | 2039-09-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| Starwood Property Trust, Inc.                                                                          | STWD 7.25 04/01/29 144A                                                                                 | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1469002.58   | 0.33%             | 2029-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Samarco Mineracao SA                                                                                   | SAMMIN 9.5 06/30/31 REGS                                                                                | CUSIP: 000000000<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |    276893 | PA      | $272610.42    | 0.06%             | 2031-06-30      | Variable      | 9.50%                 | No            |                  2 | On Loan: No      |
| Atlantica Sustainable Infrastructure Group PLC                                                         | AY 6.375 02/15/32 144A                                                                                  | CUSIP: 13005HAA8<br>LEI: 254900V5SMQ1UP1CLC26 | Long             | DBT              | CORP              | GB        |   2250000 | PA      | $2199767.40   | 0.50%             | 2032-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                           | ORCL 6.25 11/09/32                                                                                      | CUSIP: 68389XCJ2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    870000 | PA      | $893151.79    | 0.20%             | 2032-11-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Taylor Morrison Communities Inc                                                                        | TMHC 5.75 11/15/32 144A                                                                                 | CUSIP: 87724RAK8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |   1095000 | PA      | $1097261.18   | 0.25%             | 2032-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| INEOS Finance PLC                                                                                      | INEGRP 7.25 03/31/31 144a                                                                               | CUSIP: 000000000<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |    610000 | PA      | $643961.79    | 0.15%             | 2031-03-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Inversion Escrow Issuer LLC                                                                            | SOLEIN 6.75 08/01/32 144A                                                                               | CUSIP: 46150DAA0<br>LEI: 254900P6GHORGRVLKI95 | Long             | DBT              | CORP              | US        |    970000 | PA      | $924738.44    | 0.21%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                                       | NRG V10.25 PERP 144A                                                                                    | CUSIP: 629377CU4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    995000 | PA      | $1073929.37   | 0.24%             | N/A             | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| QXO INC                                                                                                | BECN 6.75 04/30/32 144A                                                                                 | CUSIP: 74825NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1691000 | PA      | $1726284.41   | 0.39%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Installed Building Products Inc                                                                        | IBP 5.625 02/01/34 144A                                                                                 | CUSIP: 45780RAB7<br>LEI: 549300I95Y9P9YM5FI86 | Long             | DBT              | CORP              | US        |   1573000 | PA      | $1538859.61   | 0.35%             | 2034-02-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Icahn Enterprises, L.P. / Icahn Enterprises Finance Corporation                                        | IEP 9.75 01/15/29                                                                                       | CUSIP: 451102CF2<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |    774000 | PA      | $761513.37    | 0.17%             | 2029-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: —       |
| Comstock Resources, Inc.                                                                               | CRK 6.75 03/01/29 144A                                                                                  | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   1631000 | PA      | $1611147.14   | 0.37%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Gray Media Inc.                                                                                        | GTN 7.25 08/15/33 144A                                                                                  | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   1259000 | PA      | $1269620.92   | 0.29%             | 2033-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                                        | TDG 6.125 07/31/34 144A                                                                                 | CUSIP: 893647CB1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    128000 | PA      | $126053.43    | 0.03%             | 2034-07-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: —       |
| COMMUNITY HEALTH SYSTEMS INC                                                                           | CYH 10.875 01/15/32 144A                                                                                | CUSIP: 12543DBN9<br>LEI: 549300BQWM4WENQ3YW73 | Long             | DBT              | CORP              | US        |   1308000 | PA      | $1404937.19   | 0.32%             | 2032-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                                                  | QUIKHO 6.75 03/01/33 144A                                                                               | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   1096000 | PA      | $1113990.84   | 0.25%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                                                                | LVLT 6.875 06/30/33 144A                                                                                | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   1720000 | PA      | $1752871.16   | 0.40%             | 2033-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Trimas Corporation                                                                                     | TRS 4.125 04/15/29 144A                                                                                 | CUSIP: 896215AH3<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | DBT              | CORP              | US        |   1239000 | PA      | $1179941.58   | 0.27%             | 2029-04-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Corp                                                                              | Gainwell Technologies (fka Milano Acqusition/DXC State & Local HHS) First-lien Term Loan 400 2027-08-03 | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1396316 | PA      | $1358503.56   | 0.31%             | 2027-10-01      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP LP                                                                                         | UNIT 6.5 02/15/29 144A                                                                                  | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1531000 | PA      | $1488290.52   | 0.34%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Venture Global Calcasieu Pass LLC                                                                      | VENTGL 4.125 08/15/31 144A                                                                              | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |   2038000 | PA      | $1891468.82   | 0.43%             | 2031-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MIWD Holdco II LLC & MIWD Finance Corp.                                                                | MIWIDO 5.5 02/01/30 144A                                                                                | CUSIP: 55337PAA0<br>LEI: 254900X3SPV5RVFJEY72 | Long             | DBT              | CORP              | US        |   1209000 | PA      | $1045527.72   | 0.24%             | 2030-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| LifePoint Health Inc                                                                                   | LifePoint Health Term Loan B 375 2031-05-01                                                             | CUSIP: 75915TAK8<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |    678283 | PA      | $679259.56    | 0.15%             | 2031-05-16      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-27

**Name of Applicant:** BNY Mellon Investment Funds III

**Signature:** James Windels

**Name of Signer:** James Windels

**Title:** Treasurer