# EDGAR Filing Document

**Accession Number:** 0001370177
**File Stem:** 0001049169-26-000376
**Filing Date:** 2026-2
**Character Count:** 416167
**Document Hash:** e5cef48d74f5131b4582dfdf76e9b10f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-26-000376.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001049169-26-000376

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RiverNorth Funds
- **CENTRAL INDEX KEY:** 0001370177

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21934
- **FILM NUMBER:** 26690396

**BUSINESS ADDRESS:**
- **STREET 1:** 360 S. ROSEMARY AVE
- **STREET 2:** SUITE 1420
- **CITY:** WEST PALM BEACH
- **STATE:** FL
- **ZIP:** 33401
- **BUSINESS PHONE:** 312-832-1440

**MAIL ADDRESS:**
- **STREET 1:** 360 S. ROSEMARY AVE
- **STREET 2:** SUITE 1420
- **CITY:** WEST PALM BEACH
- **STATE:** FL
- **ZIP:** 33401

## Series and Classes Contracts Data

### RiverNorth/Oaktree High Income Fund (Series ID: S000039038)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000119955 | Class R      | RNOTX           |
| C000119956 | Class I      | RNHIX           |

## Nport-Ex

RiverNorth/DoubleLine Strategic Income Fund

SCHEDULE OF INVESTMENTS <br> December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares/Description** | | **Value** |
| **CLOSED-END FUNDS - 8.50%** | **CLOSED-END FUNDS - 8.50%** | **CLOSED-END FUNDS - 8.50%** |
| ***United States - 8.50%*** | ***United States - 8.50%*** |  |
| 281149 | Allspring Income Opportunities Fund | $1906190 |
| 50000 | BlackRock Core Bond Trust | 479500 |
| 100 | BlackRock Corporate High Yield Fund, Inc. | 890 |
| 600000 | BlackRock Income Trust, Inc. | 6624000 |
| 366668 | BlackRock Multi-Sector Income Trust | 4788684 |
| 5000 | Blackstone/GSO Senior Floating Rate Term Fund | 67500 |
| 472528 | BNY Mellon Strategic Municipals, Inc. | 3005278 |
| 50374 | Eagle Point Credit Co., Inc. | 290154 |
| 70002 | Eaton Vance Senior Income Trust | 368911 |
| 881099 | First Trust High Yield Opportunities 2027 Term Fund | 12397063 |
| 973130 | Invesco Municipal Trust | 9390704 |
| 91534 | KKR Income Opportunities Fund | 1060879 |
| 1100000 | Nuveen Floating Rate Income Fund | 8613000 |
| 100000 | Oxford Lane Capital Corp. | 1464000 |
| 700000 | PGIM Short Duration High Yield Opportunities Fund | 11515000 |
| 250000 | PIMCO Corporate & Income Opportunity Fund | 3225000 |
| 909801 | PIMCO Dynamic Income Fund | 16112576 |
| 509842 | PIMCO High Income Fund | 2477832 |
| 757687 | PIMCO Income Strategy Fund II | 5682653 |
| 947994 | Western Asset Inflation-Linked Opportunities & Income Fund | 8143268 |
| TOTAL CLOSED-END FUNDS | TOTAL CLOSED-END FUNDS |  |
| (Cost $95,945,317) | (Cost $95,945,317) | 97613082 |
| **CLOSED-END FUNDS - PREFERRED SHARES - 0.52%** | **CLOSED-END FUNDS - PREFERRED SHARES - 0.52%** |  |
| ***United States - 0.52%*** | ***United States - 0.52%*** |  |
| 276907 | Virtus Convertible & Income Fund, 5.625%, 12/31/9999<sup>(a)</sup> | 5936886 |
| TOTAL CLOSED-END FUNDS - PREFERRED SHARES | TOTAL CLOSED-END FUNDS - PREFERRED SHARES |  |
| (Cost $6,803,951) | (Cost $6,803,951) | 5936886 |
| **BUSINESS DEVELOPMENT COMPANIES - PREFERRED SHARES - 1.16%** | **BUSINESS DEVELOPMENT COMPANIES - PREFERRED SHARES - 1.16%** |  |
| ***United States - 1.16%*** | ***United States - 1.16%*** |  |
| 21224 | CION Investment Corp., 7.500%, 12/30/2029 | 534208 |
| 350000 | Crescent Capital BDC, Inc., 5.000%, 05/25/2026 | 8767500 |
| 231000 | Entergy Corp., 5Y US TI + 2.67, 12/01/2054<sup>(b)</sup> | 242703 |
| 3750000 | PennantPark Floating Rate Capital, Ltd., 4.250%, 04/01/2026 | 3738619 |
| TOTAL BUSINESS DEVELOPMENT COMPANIES - PREFERRED SHARES | TOTAL BUSINESS DEVELOPMENT COMPANIES - PREFERRED SHARES |  |
| (Cost $13,212,373) | (Cost $13,212,373) | 13283030 |
| **COMMON STOCKS - 1.79%** | **COMMON STOCKS - 1.79%** |  |
| ***Brazil - 0.00%<sup>(c)</sup>*** | ***Brazil - 0.00%<sup>(c)</sup>*** |  |
| 21161 | OI S.A. | 10 |
| ***United States - 1.79%*** | ***United States - 1.79%*** |  |
| 250000 | Barings BDC, Inc. | 2295000 |
| 550000 | Blue Owl Technology Finance Corp. | 7997000 |
| 200000 | Morgan Stanley Direct Lending Fund | 3296000 |
| 282642 | New Mountain Finance Corp. | 2603133 |
| 291476 | Oaktree Specialty Lending Corp. | 3713408 |
| 259482 | Pershing Square Tontine Holdings<sup>(d)(e)(i)</sup> | 0 |
| 53019 | TCG BDC, Inc. | 662207 |

---

---

| | | |
|:---|:---|:---|
| **Shares/Description** | **Shares/Description** | **Value** |
| 1702 | Unigel HoldCo Depositary Receipt<sup>(d)(e)</sup> | $– |
| TOTAL COMMON STOCKS | TOTAL COMMON STOCKS |  |
| (Cost $20,378,394) | (Cost $20,378,394) | 20566758 |
| **OPEN-END FUNDS - 3.45%** | **OPEN-END FUNDS - 3.45%** |  |
| ***United States - 3.45%*** | ***United States - 3.45%*** |  |
| 4531030 | RiverNorth/Oaktree High Income Fund, Class I<sup>(f)</sup> | 39643339 |
| TOTAL OPEN-END FUNDS | TOTAL OPEN-END FUNDS |  |
| (Cost $40,931,975) | (Cost $40,931,975) | 39643339 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
| **BUSINESS DEVELOPMENT COMPANY NOTES - 0.32%** | **BUSINESS DEVELOPMENT COMPANY NOTES - 0.32%** | **BUSINESS DEVELOPMENT COMPANY NOTES - 0.32%** | **BUSINESS DEVELOPMENT COMPANY NOTES - 0.32%** | **BUSINESS DEVELOPMENT COMPANY NOTES - 0.32%** |
| ***United States - 0.32%*** | ***United States - 0.32%*** | ***United States - 0.32%*** | ***United States - 0.32%*** | ***United States - 0.32%*** |
| $270394 | Golub Capital BDC, Inc. |  |  | 3669247 |
| TOTAL BUSINESS DEVELOPMENT COMPANY NOTES | TOTAL BUSINESS DEVELOPMENT COMPANY NOTES | TOTAL BUSINESS DEVELOPMENT COMPANY NOTES | TOTAL BUSINESS DEVELOPMENT COMPANY NOTES | TOTAL BUSINESS DEVELOPMENT COMPANY NOTES |
| (Cost $3,637,978) | (Cost $3,637,978) |  |  | 3669247 |
| **FOREIGN CORPORATE BONDS - 2.39%** | **FOREIGN CORPORATE BONDS - 2.39%** | **FOREIGN CORPORATE BONDS - 2.39%** | **FOREIGN CORPORATE BONDS - 2.39%** | **FOREIGN CORPORATE BONDS - 2.39%** |
| ***Australia - 0.02%*** | ***Australia - 0.02%*** | ***Australia - 0.02%*** | ***Australia - 0.02%*** | ***Australia - 0.02%*** |
| 192000 | Atlassian Corp. | 5.25% | 05/15/2029 | 197601 |
| ***Brazil - 0.02%*** | ***Brazil - 0.02%*** | ***Brazil - 0.02%*** | ***Brazil - 0.02%*** | ***Brazil - 0.02%*** |
| 8995 | OI S.A.<sup>(g)(h)</sup> | 8.50% (8.50%) | 12/31/2028 | 107 |
| 182387 | Prumo Participacoes e Investimentos S/A<sup>(i)</sup> | 7.50% | 12/31/2031 | 187256 |
| 92000 | Vale Overseas, Ltd. | 6.40% | 06/28/2054 | 93978 |
|  |  |  |  | 281341 |
| ***Canada - 0.30%*** | ***Canada - 0.30%*** | ***Canada - 0.30%*** | ***Canada - 0.30%*** | ***Canada - 0.30%*** |
| 200000 | Aris Mining Corp.<sup>(h)</sup> | 8.00% | 10/31/2029 | 208893 |
| 170000 | Bausch + Lomb Corp.<sup>(h)</sup> | 8.38% | 10/01/2028 | 177650 |
| 4000 | Bausch Health Cos., Inc.<sup>(h)</sup> | 14.00% | 10/15/2030 | 4065 |
| 142000 | Bell Telephone Co. of Canada or Bell Canada<sup>(b)</sup> | 5Y US TI + 2.39% | 09/15/2055 | 147095 |
| 257000 | CCL Industries, Inc.<sup>(h)</sup> | 3.05% | 06/01/2030 | 242645 |
| 225000 | Element Fleet Management Corp.<sup>(h)</sup> | 6.32% | 12/04/2028 | 237401 |
| 228000 | Element Fleet Management Corp.<sup>(h)</sup> | 5.04% | 03/25/2030 | 233135 |
| 50000 | Garda World Security Corp.<sup>(h)</sup> | 6.50% | 01/15/2031 | 51194 |
| 175000 | Garda World Security Corp.<sup>(h)</sup> | 8.25% | 08/01/2032 | 178558 |
| 377000 | Royal Bank of Canada<sup>(b)</sup> | 1D US SOFR + 0.98% | 11/03/2031 | 375338 |
| 240000 | TELUS Corp.<sup>(b)</sup> | 5Y US TI + 2.71% | 10/15/2055 | 249967 |
| 125000 | Toronto-Dominion Bank | 4.93% | 10/15/2035 | 124964 |
| 750000 | TransCanada PipeLines, Ltd. | 4.63% | 03/01/2034 | 731078 |
| 234000 | Videotron, Ltd.<sup>(h)</sup> | 5.70% | 01/15/2035 | 239342 |
| 198000 | Waste Connections, Inc. | 5.25% | 09/01/2035 | 205049 |
|  |  |  |  | 3406374 |
| ***Cayman Islands - 0.16%*** | ***Cayman Islands - 0.16%*** | ***Cayman Islands - 0.16%*** | ***Cayman Islands - 0.16%*** | ***Cayman Islands - 0.16%*** |
| 200000 | Avilease Capital, Ltd.<sup>(h)</sup> | 4.75% | 11/12/2030 | 198562 |
| 65000 | Azorra Finance, Ltd.<sup>(h)</sup> | 7.75% | 04/15/2030 | 68886 |
| 90000 | Azorra Finance, Ltd.<sup>(h)</sup> | 7.25% | 01/15/2031 | 94661 |
| 206729 | Bioceanico Sovereign Certificate, Ltd.<sup>(i)(j)</sup> | 0.00% | 06/05/2034 | 169569 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** | **Value** |
| $| 200000 | Cosan Overseas, Ltd.<sup>(a)</sup> | 8.25% | Perpetual Maturity | $| 202350 |
|  | 320000 | Global Aircraft Leasing Co., Ltd.<sup>(h)</sup> | 8.75% | 09/01/2027 |  | 332256 |
|  | 114361 | Lima Metro Line 2 Finance, Ltd.<sup>(h)</sup> | 5.88% | 07/05/2034 |  | 119063 |
|  | 304964 | Lima Metro Line 2 Finance, Ltd.<sup>(i)</sup> | 5.88% | 07/05/2034 |  | 317501 |
|  | 440000 | Rutas 2 & 7 Finance, Ltd.<sup>(i)(j)</sup> | 0.00% | 09/30/2036 |  | 334708 |
|  |  |  |  |  |  | 1837556 |
| ***Chile - 0.23%*** | ***Chile - 0.23%*** | ***Chile - 0.23%*** | ***Chile - 0.23%*** | ***Chile - 0.23%*** | ***Chile - 0.23%*** | ***Chile - 0.23%*** |
|  | 200000 | CAP SA<sup>(i)</sup> | 3.90% | 04/27/2031 |  | 163685 |
|  | 200000 | Cencosud SA<sup>(i)</sup> | 4.38% | 07/17/2027 |  | 200201 |
|  | 180833 | Chile Electricity PEC SpA<sup>(i)(j)</sup> | 0.00% | 01/25/2028 |  | 162976 |
|  | 900000 | Empresa de Transporte de Pasajeros Metro SA<sup>(h)</sup> | 5.00% | 01/25/2047 |  | 845748 |
|  | 306020 | GNL Quintero SA<sup>(i)</sup> | 4.63% | 07/31/2029 |  | 306356 |
|  | 200000 | Inversiones CMPC SA<sup>(b)(h)</sup> | 5Y US TI + 2.83% | 12/09/2057 |  | 201112 |
|  | 750000 | Transelec SA<sup>(i)</sup> | 3.88% | 01/12/2029 |  | 735356 |
|  |  |  |  |  |  | 2615434 |
| ***Colombia - 0.05%*** | ***Colombia - 0.05%*** | ***Colombia - 0.05%*** | ***Colombia - 0.05%*** | ***Colombia - 0.05%*** | ***Colombia - 0.05%*** | ***Colombia - 0.05%*** |
|  | 200000 | Banco Davivienda SA<sup>(b)(h)</sup> | 5Y US TI + 4.59% | 07/02/2035 |  | 209976 |
|  | 300000 | Ecopetrol SA | 5.88% | 11/02/2051 |  | 216635 |
|  | 160900 | Fideicomiso PA Pacifico Tres<sup>(i)</sup> | 8.25% | 01/15/2035 |  | 168945 |
|  |  |  |  |  |  | 595556 |
| ***France - 0.05%*** | ***France - 0.05%*** | ***France - 0.05%*** | ***France - 0.05%*** | ***France - 0.05%*** | ***France - 0.05%*** | ***France - 0.05%*** |
|  | 35000 | Altice France SA<sup>(h)</sup> | 6.88% | 07/15/2032 |  | 33586 |
|  | 250000 | Credit Agricole SA<sup>(b)(h)</sup> | 1D US SOFR + 1.36% | 09/25/2033 |  | 249766 |
|  | 252000 | Societe Generale SA<sup>(b)(h)</sup> | 1D US SOFR + 1.73% | 10/03/2036 |  | 252643 |
|  |  |  |  |  |  | 535995 |
| ***Great Britain - 0.13%*** | ***Great Britain - 0.13%*** | ***Great Britain - 0.13%*** | ***Great Britain - 0.13%*** | ***Great Britain - 0.13%*** | ***Great Britain - 0.13%*** | ***Great Britain - 0.13%*** |
|  | 245000 | Barclays PLC<sup>(b)</sup> | 1D US SOFR + 1.83% | 08/11/2046 |  | 251202 |
|  | 288000 | Lloyds Banking Group PLC<sup>(b)</sup> | 1Y US TI + 1.60% | 06/13/2036 |  | 302942 |
|  | 123000 | Macquarie Airfinance Holdings, Ltd.<sup>(h)</sup> | 5.20% | 03/27/2028 |  | 124890 |
|  | 123000 | Macquarie Airfinance Holdings, Ltd.<sup>(h)</sup> | 5.15% | 03/17/2030 |  | 124782 |
|  | 279000 | Nationwide Building Society<sup>(b)(h)</sup> | 1D US SOFR + 1.65% | 07/14/2036 |  | 288312 |
|  | 288000 | NatWest Group PLC<sup>(b)</sup> | 1Y US TI + 1.05% | 05/23/2031 |  | 295879 |
|  | 141000 | Rio Tinto Finance USA PLC | 5.75% | 03/14/2055 |  | 143951 |
|  |  |  |  |  |  | 1531958 |
| ***Guatemala - 0.03%*** | ***Guatemala - 0.03%*** | ***Guatemala - 0.03%*** | ***Guatemala - 0.03%*** | ***Guatemala - 0.03%*** | ***Guatemala - 0.03%*** | ***Guatemala - 0.03%*** |
|  | 300000 | Banco Industrial SA/Guatemala<sup>(b)(i)</sup> | 5Y US TI + 4.44% | 01/29/2031 |  | 299280 |
| ***Hong Kong - 0.01%*** | ***Hong Kong - 0.01%*** | ***Hong Kong - 0.01%*** | ***Hong Kong - 0.01%*** | ***Hong Kong - 0.01%*** | ***Hong Kong - 0.01%*** | ***Hong Kong - 0.01%*** |
|  | 90000 | Seaspan Corp.<sup>(h)</sup> | 5.50% | 08/01/2029 |  | 85549 |
| ***India - 0.11%*** | ***India - 0.11%*** | ***India - 0.11%*** | ***India - 0.11%*** | ***India - 0.11%*** | ***India - 0.11%*** | ***India - 0.11%*** |
|  | 200000 | Adani Electricity Mumbai, Ltd.<sup>(i)</sup> | 3.95% | 02/12/2030 |  | 186436 |
|  | 306000 | Adani International Container Terminal Pvt, Ltd.<sup>(i)</sup> | 3.00% | 02/16/2031 |  | 282146 |
|  | 200000 | Adani Ports & Special Economic Zone, Ltd.<sup>(i)</sup> | 4.38% | 07/03/2029 |  | 194210 |
|  | 266000 | Adani Transmission Step-One, Ltd.<sup>(i)</sup> | 4.25% | 05/21/2036 |  | 240331 |
|  | 139000 | JSW Hydro Energy, Ltd.<sup>(i)</sup> | 4.13% | 05/18/2031 |  | 129445 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** | **Value** |
| $| 200000 | JSW Infrastructure, Ltd.<sup>(i)</sup> | 4.95% | 01/21/2029 | $| 200600 |
|  |  |  |  |  |  | 1233168 |
| ***Indonesia - 0.03%*** | ***Indonesia - 0.03%*** | ***Indonesia - 0.03%*** | ***Indonesia - 0.03%*** | ***Indonesia - 0.03%*** | ***Indonesia - 0.03%*** | ***Indonesia - 0.03%*** |
|  | 200000 | Pertamina Persero PT<sup>(i)</sup> | 1.40% | 02/09/2026 |  | 199261 |
|  | 200000 | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara<sup>(i)</sup> | 4.13% | 05/15/2027 |  | 199678 |
|  |  |  |  |  |  | 398939 |
| ***Investment Companies - 0.33%*** | ***Investment Companies - 0.33%*** | ***Investment Companies - 0.33%*** | ***Investment Companies - 0.33%*** | ***Investment Companies - 0.33%*** | ***Investment Companies - 0.33%*** | ***Investment Companies - 0.33%*** |
|  | 4000000 | Blue Owl Capital Corp. | 2.88% | 06/11/2028 |  | 3779787 |
| ***Ireland - 0.15%*** | ***Ireland - 0.15%*** | ***Ireland - 0.15%*** | ***Ireland - 0.15%*** | ***Ireland - 0.15%*** | ***Ireland - 0.15%*** | ***Ireland - 0.15%*** |
|  | 190000 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | 5.10% | 01/19/2029 |  | 194306 |
|  | 300000 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust<sup>(b)</sup> | 5Y US TI + 2.72% | 03/10/2055 |  | 314712 |
|  | 213000 | Avolon Holdings Funding, Ltd.<sup>(h)</sup> | 5.75% | 03/01/2029 |  | 220498 |
|  | 255000 | Avolon Holdings Funding, Ltd.<sup>(h)</sup> | 5.75% | 11/15/2029 |  | 264689 |
|  | 325000 | CRH SMW Finance DAC | 5.13% | 01/09/2030 |  | 335193 |
|  | 120000 | GGAM Finance, Ltd.<sup>(h)</sup> | 6.88% | 04/15/2029 |  | 124762 |
|  | 280000 | Smurfit Kappa Treasury ULC | 5.20% | 01/15/2030 |  | 289141 |
|  |  |  |  |  |  | 1743301 |
| ***Isle Of Man - 0.02%*** | ***Isle Of Man - 0.02%*** | ***Isle Of Man - 0.02%*** | ***Isle Of Man - 0.02%*** | ***Isle Of Man - 0.02%*** | ***Isle Of Man - 0.02%*** | ***Isle Of Man - 0.02%*** |
|  | 200000 | Gold Fields Orogen Holdings BVI, Ltd.<sup>(i)</sup> | 6.13% | 05/15/2029 |  | 210349 |
| ***Jamaica - 0.00%<sup>(c)</sup>*** | ***Jamaica - 0.00%<sup>(c)</sup>*** | ***Jamaica - 0.00%<sup>(c)</sup>*** | ***Jamaica - 0.00%<sup>(c)</sup>*** | ***Jamaica - 0.00%<sup>(c)</sup>*** | ***Jamaica - 0.00%<sup>(c)</sup>*** | ***Jamaica - 0.00%<sup>(c)</sup>*** |
|  | 33726 | Digicel Group Holdings, Ltd.<sup>(h)(j)</sup> | 0.00% | 12/31/2030 |  | 1583 |
|  | 97403 | Digicel Group Holdings, Ltd.<sup>(h)(j)</sup> | 0.00% | 12/31/2030 |  | 651 |
|  |  |  |  |  |  | 2234 |
| ***Japan - 0.04%*** | ***Japan - 0.04%*** | ***Japan - 0.04%*** | ***Japan - 0.04%*** | ***Japan - 0.04%*** | ***Japan - 0.04%*** | ***Japan - 0.04%*** |
|  | 510000 | Renesas Electronics Corp.<sup>(h)</sup> | 2.17% | 11/25/2026 |  | 500873 |
| ***Kuwait - 0.02%*** | ***Kuwait - 0.02%*** | ***Kuwait - 0.02%*** | ***Kuwait - 0.02%*** | ***Kuwait - 0.02%*** | ***Kuwait - 0.02%*** | ***Kuwait - 0.02%*** |
|  | 200000 | EQUATE Petrochemical Co. KSC<sup>(i)</sup> | 4.25% | 11/03/2026 |  | 199747 |
| ***Luxembourg - 0.18%*** | ***Luxembourg - 0.18%*** | ***Luxembourg - 0.18%*** | ***Luxembourg - 0.18%*** | ***Luxembourg - 0.18%*** | ***Luxembourg - 0.18%*** | ***Luxembourg - 0.18%*** |
|  | 221049 | Acu Petroleo Luxembourg Sarl<sup>(i)</sup> | 7.50% | 01/13/2032 |  | 225847 |
|  | 126000 | ArcelorMittal SA | 6.00% | 06/17/2034 |  | 135692 |
|  | 194174 | Chile Electricity Lux Mpc II Sarl<sup>(h)</sup> | 5.67% | 10/20/2035 |  | 202182 |
|  | 179000 | Chile Electricity Lux MPC Sarl<sup>(i)</sup> | 6.01% | 01/20/2033 |  | 188292 |
|  | 200000 | CSN Resources SA<sup>(i)</sup> | 5.88% | 04/08/2032 |  | 157745 |
|  | 187000 | JBS USA Holding Lux Sarl/ JBS USA Food Co./ JBS Lux Co Sarl | 3.75% | 12/01/2031 |  | 177962 |
|  | 180000 | Millicom International Cellular SA<sup>(i)</sup> | 5.13% | 01/15/2028 |  | 179781 |
|  | 200000 | Raizen Fuels Finance SA<sup>(i)</sup> | 6.70% | 02/25/2037 |  | 161896 |
|  | 200000 | Saavi Energia Sarl<sup>(h)</sup> | 8.88% | 02/10/2035 |  | 217160 |
|  | 400000 | Simpar Europe SA<sup>(i)</sup> | 5.20% | 01/26/2031 |  | 322500 |
|  | 77400 | Unigel Luxembourg SA<sup>(g)(h)</sup> | 13.50% (15.00%) | 12/31/2027 |  | 44505 |
|  | 87816 | Unigel Luxembourg SA<sup>(g)(h)</sup> | 11.00% (12.00%) | 12/31/2028 |  | 6147 |
|  | 108704 | Unigel Luxembourg SA<sup>(g)(i)</sup> | 13.50% (15.00%) | 12/31/2027 |  | 62505 |
|  | 377618 | Unigel Luxembourg SA<sup>(g)(i)</sup> | 11.00% (12.00%) | 12/31/2028 |  | 26433 |
|  |  |  |  |  |  | 2108647 |
| ***Malaysia - 0.02%*** | ***Malaysia - 0.02%*** | ***Malaysia - 0.02%*** | ***Malaysia - 0.02%*** | ***Malaysia - 0.02%*** | ***Malaysia - 0.02%*** | ***Malaysia - 0.02%*** |
|  | 200000 | MISC Capital Two Labuan, Ltd.<sup>(i)</sup> | 3.75% | 04/06/2027 |  | 198793 |
| ***Mexico - 0.09%*** | ***Mexico - 0.09%*** | ***Mexico - 0.09%*** | ***Mexico - 0.09%*** | ***Mexico - 0.09%*** | ***Mexico - 0.09%*** | ***Mexico - 0.09%*** |
|  | 659912 | Alpha Holding SA de CV<sup>(h)(k)</sup> | 9.00% | 02/10/2025 |  | 4949 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** | **Value** |
| $| 188546 | Alpha Holding SA de CV<sup>(i)(k)</sup> | 9.00% | 02/10/2025 | $| 1414 |
|  | 250000 | Cemex SAB de CV<sup>(a)(b)(i)</sup> | 5Y US TI + 4.53% | Perpetual Maturity |  | 250126 |
|  | 200000 | Comision Federal de Electricidad<sup>(h)</sup> | 6.45% | 01/24/2035 |  | 206110 |
|  | 500000 | Credito Real SAB de CV SOFOM ER<sup>(i)(k)</sup> | 9.50% | 02/07/2026 |  | 1300 |
|  | 600000 | Mexarrend SAPI de CV<sup>(h)(k)</sup> | 10.25% | 07/24/2024 |  | 7500 |
|  | 200000 | Mexarrend SAPI de CV<sup>(i)(k)</sup> | 10.25% | 07/24/2024 |  | 2500 |
|  | 200000 | Mexico City Airport Trust<sup>(i)</sup> | 3.88% | 04/30/2028 |  | 195739 |
|  | 103924 | Mexico Generadora de Energia S de rl<sup>(i)</sup> | 5.50% | 12/06/2032 |  | 105695 |
|  | 700000 | Operadora de Servicios Mega SA de CV Sofom ER<sup>(h)(k)</sup> | 8.25% | 02/11/2025 |  | 38500 |
|  | 200000 | Orbia Advance Corp. SAB de CV<sup>(i)</sup> | 5.88% | 09/17/2044 |  | 155261 |
|  | 150000 | Petroleos Mexicanos | 6.75% | 09/21/2047 |  | 123430 |
|  |  |  |  |  |  | 1092524 |
| ***Morocco - 0.02%*** | ***Morocco - 0.02%*** | ***Morocco - 0.02%*** | ***Morocco - 0.02%*** | ***Morocco - 0.02%*** | ***Morocco - 0.02%*** | ***Morocco - 0.02%*** |
|  | 200000 | OCP SA<sup>(i)</sup> | 6.75% | 05/02/2034 |  | 215632 |
| ***Netherlands - 0.11%*** | ***Netherlands - 0.11%*** | ***Netherlands - 0.11%*** | ***Netherlands - 0.11%*** | ***Netherlands - 0.11%*** | ***Netherlands - 0.11%*** | ***Netherlands - 0.11%*** |
|  | 200000 | Enel Finance International NV<sup>(h)</sup> | 4.13% | 09/30/2028 |  | 199703 |
|  | 200000 | Enel Finance International NV<sup>(h)</sup> | 5.13% | 06/26/2029 |  | 205354 |
|  | 143840 | Minejesa Capital BV<sup>(i)</sup> | 4.63% | 08/10/2030 |  | 143424 |
|  | 138806 | MV24 Capital BV<sup>(i)</sup> | 6.75% | 06/01/2034 |  | 137873 |
|  | 190000 | NXP BV / NXP Funding LLC / NXP USA, Inc. | 4.85% | 08/19/2032 |  | 191339 |
|  | 50000 | Petrobras Global Finance BV | 5.13% | 09/10/2030 |  | 49059 |
|  | 142000 | Suzano Netherlands BV | 5.50% | 01/15/2036 |  | 140865 |
|  | 459909 | Unigel Netherlands Holding Corp. BV<sup>(g)(i)</sup> | 15.00% (15.00%) | 12/31/2044 |  | 14947 |
|  | 200000 | Yinson Bergenia Production BV<sup>(h)</sup> | 8.50% | 01/31/2045 |  | 209925 |
|  |  |  |  |  |  | 1292489 |
| ***Peru - 0.08%*** | ***Peru - 0.08%*** | ***Peru - 0.08%*** | ***Peru - 0.08%*** | ***Peru - 0.08%*** | ***Peru - 0.08%*** | ***Peru - 0.08%*** |
|  | 300000 | Banco de Credito del Peru S.A.<sup>(b)(i)</sup> | 5Y US TI + 2.45% | 09/30/2031 |  | 296047 |
|  | 150000 | Banco Internacional del Peru SAA Interbank<sup>(b)(h)</sup> | 5Y US TI + 2.07% | 04/30/2035 |  | 157688 |
|  | 200000 | InRetail Consumer<sup>(i)</sup> | 3.25% | 03/22/2028 |  | 195482 |
|  | 150020 | Peru LNG Srl<sup>(i)</sup> | 5.38% | 03/22/2030 |  | 145396 |
|  | 90000 | Volcan Cia Minera SAA<sup>(h)</sup> | 8.50% | 10/28/2032 |  | 92757 |
|  |  |  |  |  |  | 887370 |
| ***Singapore - 0.08%*** | ***Singapore - 0.08%*** | ***Singapore - 0.08%*** | ***Singapore - 0.08%*** | ***Singapore - 0.08%*** | ***Singapore - 0.08%*** | ***Singapore - 0.08%*** |
|  | 200000 | BPRL International Singapore Pte, Ltd. | 4.38% | 01/18/2027 |  | 200143 |
|  | 200000 | ONGC Videsh Vankorneft Pte, Ltd. | 3.75% | 07/27/2026 |  | 199411 |
|  | 300000 | Oversea-Chinese Banking Corp., Ltd.<sup>(b)</sup> | 5Y US TI + 1.575% | 06/15/2032 |  | 301267 |
|  | 200000 | United Overseas Bank, Ltd.<sup>(b)</sup> | 5Y US TI + 1.52% | 03/16/2031 |  | 199001 |
|  |  |  |  |  |  | 899822 |
| ***South Korea - 0.06%*** | ***South Korea - 0.06%*** | ***South Korea - 0.06%*** | ***South Korea - 0.06%*** | ***South Korea - 0.06%*** | ***South Korea - 0.06%*** | ***South Korea - 0.06%*** |
|  | 696000 | SK hynix, Inc.<sup>(h)</sup> | 4.25% | 09/11/2028 |  | 698461 |
| ***Spain - 0.02%*** | ***Spain - 0.02%*** | ***Spain - 0.02%*** | ***Spain - 0.02%*** | ***Spain - 0.02%*** | ***Spain - 0.02%*** | ***Spain - 0.02%*** |
|  | 250000 | AI Candelaria - spain- SA<sup>(i)</sup> | 5.75% | 06/15/2033 |  | 222036 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
| ***Switzerland - 0.02%*** | ***Switzerland - 0.02%*** |  |  | |
| $251000 | UBS Group AG<sup>(b)(h)</sup> | 1D US SOFR + 1.34% | 03/23/2037 | 248885 |
| ***Vietnam - 0.01%*** | ***Vietnam - 0.01%*** | ***Vietnam - 0.01%*** | ***Vietnam - 0.01%*** | ***Vietnam - 0.01%*** |
| 144845 | Mong Duong Finance Holdings BV<sup>(i)</sup> | 5.13% | 05/07/2029 | 143377 |
| TOTAL FOREIGN CORPORATE BONDS | TOTAL FOREIGN CORPORATE BONDS | TOTAL FOREIGN CORPORATE BONDS | TOTAL FOREIGN CORPORATE BONDS | TOTAL FOREIGN CORPORATE BONDS |
| (Cost $29,847,255) | (Cost $29,847,255) |  |  | 27463078 |
| **U.S. CORPORATE BONDS - 13.77%** | **U.S. CORPORATE BONDS - 13.77%** | **U.S. CORPORATE BONDS - 13.77%** | **U.S. CORPORATE BONDS - 13.77%** | **U.S. CORPORATE BONDS - 13.77%** |
| ***Advertising - 0.02%*** | ***Advertising - 0.02%*** | ***Advertising - 0.02%*** | ***Advertising - 0.02%*** | ***Advertising - 0.02%*** |
| 45000 | Clear Channel Outdoor Holdings, Inc.<sup>(h)</sup> | 7.50% | 06/01/2029 | 44724 |
| 80000 | Clear Channel Outdoor Holdings, Inc.<sup>(h)</sup> | 7.13% | 02/15/2031 | 84055 |
| 70000 | Lamar Media Corp.<sup>(h)</sup> | 5.38% | 11/01/2033 | 69629 |
| 40000 | Neptune Bidco US, Inc.<sup>(h)</sup> | 10.38% | 05/15/2031 | 41036 |
|  |  |  |  | 239444 |
| ***Aerospace/Defense - 0.08%*** | ***Aerospace/Defense - 0.08%*** | ***Aerospace/Defense - 0.08%*** | ***Aerospace/Defense - 0.08%*** | ***Aerospace/Defense - 0.08%*** |
| 70000 | AAR Escrow Issuer LLC<sup>(h)</sup> | 6.75% | 03/15/2029 | 72475 |
| 70000 | Goat Holdco LLC<sup>(h)</sup> | 6.75% | 02/01/2032 | 71950 |
| 234000 | Lockheed Martin Corp. | 5.00% | 08/15/2035 | 238425 |
| 150000 | Northrop Grumman Corp. | 4.03% | 10/15/2047 | 120581 |
| 244000 | Northrop Grumman Corp. | 5.20% | 06/01/2054 | 228612 |
| 115000 | TransDigm, Inc.<sup>(h)</sup> | 6.38% | 05/31/2033 | 118083 |
| 10000 | TransDigm, Inc.<sup>(h)</sup> | 6.25% | 01/31/2034 | 10382 |
| 15000 | TransDigm, Inc.<sup>(h)</sup> | 6.75% | 01/31/2034 | 15635 |
|  |  |  |  | 876143 |
| ***Agriculture - 0.10%*** | ***Agriculture - 0.10%*** | ***Agriculture - 0.10%*** | ***Agriculture - 0.10%*** | ***Agriculture - 0.10%*** |
| 236000 | BAT Capital Corp. | 5.63% | 08/15/2035 | 245960 |
| 212000 | BAT Capital Corp. | 4.54% | 08/15/2047 | 176031 |
| 288000 | Bunge, Ltd. Finance Corp. | 4.65% | 09/17/2034 | 282704 |
| 230000 | Philip Morris International, Inc. | 5.38% | 02/15/2033 | 240651 |
| 210000 | Philip Morris International, Inc. | 5.25% | 02/13/2034 | 217132 |
|  |  |  |  | 1162478 |
| ***Airlines - 0.01%*** | ***Airlines - 0.01%*** | ***Airlines - 0.01%*** | ***Airlines - 0.01%*** | ***Airlines - 0.01%*** |
| 60000 | American Airlines, Inc.<sup>(h)</sup> | 8.50% | 05/15/2029 | 62791 |
| 20000 | JetBlue Airways Corp. / JetBlue Loyalty LP<sup>(h)</sup> | 9.88% | 09/20/2031 | 20167 |
|  |  |  |  | 82958 |
| ***Auto Manufacturers - 0.05%*** | ***Auto Manufacturers - 0.05%*** | ***Auto Manufacturers - 0.05%*** | ***Auto Manufacturers - 0.05%*** | ***Auto Manufacturers - 0.05%*** |
| 455000 | Hyundai Capital America<sup>(h)</sup> | 5.30% | 01/08/2029 | 467053 |
| 60000 | Nissan Motor Acceptance Co. LLC<sup>(h)</sup> | 6.13% | 09/30/2030 | 60052 |
|  |  |  |  | 527105 |
| ***Auto Parts & Equipment - 0.04%*** | ***Auto Parts & Equipment - 0.04%*** | ***Auto Parts & Equipment - 0.04%*** | ***Auto Parts & Equipment - 0.04%*** | ***Auto Parts & Equipment - 0.04%*** |
| 50000 | American Axle & Manufacturing, Inc.<sup>(h)</sup> | 6.38% | 10/15/2032 | 50947 |
| 35000 | American Axle & Manufacturing, Inc.<sup>(h)</sup> | 7.75% | 10/15/2033 | 35670 |
| 120000 | Clarios Global LP / Clarios US Finance Co.<sup>(h)</sup> | 6.75% | 02/15/2030 | 125587 |
| 135000 | Clarios Global LP / Clarios US Finance Co.<sup>(h)</sup> | 6.75% | 09/15/2032 | 140074 |
| 35000 | Dornoch Debt Merger Sub, Inc.<sup>(h)</sup> | 6.63% | 10/15/2029 | 30344 |
| 50000 | Qnity Electronics, Inc.<sup>(h)</sup> | 6.25% | 08/15/2033 | 51890 |
|  |  |  |  | 434512 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
| ***Banks - 0.48%*** | ***Banks - 0.48%*** | ***Banks - 0.48%*** | ***Banks - 0.48%*** | ***Banks - 0.48%*** |
| $195000 | Bank of America Corp.<sup>(b)</sup> | 1D US SOFR + 1.21% | 10/20/2032 | $175921 |
| 187000 | Bank of America Corp.<sup>(b)</sup> | 1D US SOFR + 1.65% | 01/23/2035 | 194865 |
| 205000 | Bank of America Corp.<sup>(b)</sup> | 1D US SOFR + 1.70% | 02/12/2036 | 213694 |
| 124000 | Bank of America Corp.<sup>(a)(b)</sup> | 5Y US TI + 2.68% | 12/31/9999 | 129300 |
| 209000 | Bank of New York Mellon Corp.<sup>(b)</sup> | 1D US SOFR + 1.23% | 07/22/2032 | 216713 |
| 200000 | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico<sup>(b)(i)</sup> | 5Y US TI + 4.21% | 01/08/2039 | 216498 |
| 97000 | Citigroup, Inc.<sup>(b)</sup> | 1D US SOFR + 1.28% | 02/24/2028 | 95921 |
| 206000 | Citigroup, Inc.<sup>(b)</sup> | 1D US SOFR + 1.46% | 05/07/2031 | 210484 |
| 141000 | Citigroup, Inc.<sup>(b)</sup> | 1D US SOFR + 1.17% | 09/11/2031 | 141475 |
| 116000 | Citigroup, Inc.<sup>(b)</sup> | 1D US SOFR + 2.66% | 05/25/2034 | 123270 |
| 125000 | Citigroup, Inc.<sup>(a)(b)</sup> | 5Y US TI + 2.89% | 12/31/9999 | 129969 |
| 251000 | Goldman Sachs Group, Inc.<sup>(b)</sup> | 1D US SOFR + 1.06% | 10/21/2031 | 250455 |
| 226000 | Goldman Sachs Group, Inc.<sup>(b)</sup> | 1D US SOFR + 1.55% | 07/23/2035 | 232285 |
| 114000 | Goldman Sachs Group, Inc.<sup>(a)(b)</sup> | 5Y US TI + 2.46% | Perpetual Maturity | 119009 |
| 204000 | JPMorgan Chase & Co.<sup>(b)</sup> | 1D US SOFR + 1.01% | 01/24/2031 | 210892 |
| 232000 | JPMorgan Chase & Co.<sup>(b)</sup> | 1D US SOFR + 1.44% | 04/22/2031 | 239634 |
| 126000 | JPMorgan Chase & Co.<sup>(b)</sup> | 1D US SOFR + 0.93% | 10/22/2031 | 125645 |
| 446000 | JPMorgan Chase & Co.<sup>(b)</sup> | 1D US SOFR + 1.46% | 07/22/2035 | 460288 |
| 156000 | JPMorgan Chase & Co.<sup>(b)</sup> | 1D US SOFR + 1.64% | 07/23/2036 | 161434 |
| 125000 | Morgan Stanley<sup>(b)</sup> | 1D US SOFR + 1.074% | 10/22/2031 | 124616 |
| 118000 | Morgan Stanley<sup>(b)</sup> | 5Y US TI + 2.43% | 01/19/2038 | 124209 |
| 229000 | Morgan Stanley<sup>(b)</sup> | 5Y US TI + 1.80% | 02/07/2039 | 240789 |
| 81000 | PNC Financial Services Group, Inc.<sup>(b)</sup> | 1D US SOFR + 1.42% | 07/21/2036 | 83343 |
| 101000 | Truist Financial Corp.<sup>(b)</sup> | 1D US SOFR + 2.45% | 10/30/2029 | 108976 |
| 230000 | Truist Financial Corp.<sup>(b)</sup> | 1D US SOFR + 1.57% | 08/05/2032 | 237744 |
| 468000 | Wells Fargo & Co.<sup>(b)</sup> | 1D US SOFR + 1.50% | 04/23/2031 | 483187 |
| 340000 | Wells Fargo & Co.<sup>(b)</sup> | 1D US SOFR + 2.06% | 10/23/2034 | 376560 |
| 103000 | Wells Fargo & Co.<sup>(b)</sup> | 1D US SOFR + 1.34% | 09/15/2036 | 102718 |
|  |  |  |  | 5529894 |
| ***Beverages - 0.02%*** | ***Beverages - 0.02%*** | ***Beverages - 0.02%*** | ***Beverages - 0.02%*** | ***Beverages - 0.02%*** |
| 210000 | Diageo Investment Corp. | 5.13% | 08/15/2030 | 217665 |
| ***Biotechnology - 0.09%*** | ***Biotechnology - 0.09%*** |  |  |  |
| 331000 | Amgen, Inc. | 5.75% | 03/02/2063 | 323221 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** | **Value** |
| $| 232000 | Biogen, Inc. | 5.05% | 01/15/2031 | $| 239492 |
|  | 124000 | Gilead Sciences, Inc. | 5.55% | 10/15/2053 |  | 123520 |
|  | 203000 | Illumina, Inc. | 4.75% | 12/12/2030 |  | 204999 |
|  | 149000 | Royalty Pharma PLC | 5.95% | 09/25/2055 |  | 148202 |
|  |  |  |  |  |  | 1039434 |
| ***Building Materials - 0.10%*** | ***Building Materials - 0.10%*** | ***Building Materials - 0.10%*** | ***Building Materials - 0.10%*** | ***Building Materials - 0.10%*** | ***Building Materials - 0.10%*** | ***Building Materials - 0.10%*** |
|  | 104000 | Amrize Finance US LLC<sup>(h)</sup> | 4.95% | 04/07/2030 |  | 106387 |
|  | 150000 | Builders FirstSource, Inc.<sup>(h)</sup> | 6.38% | 03/01/2034 |  | 155277 |
|  | 65000 | Builders FirstSource, Inc.<sup>(h)</sup> | 6.75% | 05/15/2035 |  | 68040 |
|  | 101000 | Carlisle Cos., Inc. | 5.55% | 09/15/2040 |  | 102434 |
|  | 45000 | Cornerstone Building Brands, Inc.<sup>(h)</sup> | 9.50% | 08/15/2029 |  | 33337 |
|  | 120000 | EMRLD Borrower LP / Emerald Co.-Issuer, Inc.<sup>(h)</sup> | 6.63% | 12/15/2030 |  | 125131 |
|  | 130000 | Griffon Corp. | 5.75% | 03/01/2028 |  | 130323 |
|  | 120000 | Miter Brands Acquisition Holdco, Inc. / MIWD Borrower LLC<sup>(h)</sup> | 6.75% | 04/01/2032 |  | 123098 |
|  | 111000 | Owens Corning | 5.70% | 06/15/2034 |  | 116786 |
|  | 105000 | Quikrete Holdings, Inc.<sup>(h)</sup> | 6.75% | 03/01/2033 |  | 109723 |
|  | 60000 | Standard Building Solutions, Inc.<sup>(h)</sup> | 6.50% | 08/15/2032 |  | 61815 |
|  | 40000 | Standard Building Solutions, Inc.<sup>(h)</sup> | 5.88% | 03/15/2034 |  | 40142 |
|  |  |  |  |  |  | 1172493 |
| ***Chemicals - 0.02%*** | ***Chemicals - 0.02%*** | ***Chemicals - 0.02%*** | ***Chemicals - 0.02%*** | ***Chemicals - 0.02%*** | ***Chemicals - 0.02%*** | ***Chemicals - 0.02%*** |
|  | 25000 | Celanese US Holdings LLC | 6.50% | 04/15/2030 |  | 25146 |
|  | 25000 | Celanese US Holdings LLC | 6.75% | 04/15/2033 |  | 24892 |
|  | 45000 | Olin Corp.<sup>(h)</sup> | 6.63% | 04/01/2033 |  | 44717 |
|  | 15000 | Solstice Advanced Materials, Inc.<sup>(h)</sup> | 5.63% | 09/30/2033 |  | 15141 |
|  | 75000 | WR Grace Holdings LLC<sup>(h)</sup> | 5.63% | 08/15/2029 |  | 71683 |
|  |  |  |  |  |  | 181579 |
| ***Commercial Services - 0.22%*** | ***Commercial Services - 0.22%*** | ***Commercial Services - 0.22%*** | ***Commercial Services - 0.22%*** | ***Commercial Services - 0.22%*** | ***Commercial Services - 0.22%*** | ***Commercial Services - 0.22%*** |
|  | 190000 | Allied Universal Holdco LLC<sup>(h)</sup> | 7.88% | 02/15/2031 |  | 200350 |
|  | 216000 | Ashtead Capital, Inc.<sup>(h)</sup> | 5.55% | 05/30/2033 |  | 222970 |
|  | 263000 | Block Financial LLC | 5.38% | 09/15/2032 |  | 264784 |
|  | 85000 | Dcli Bidco LLC<sup>(h)</sup> | 7.75% | 11/15/2029 |  | 87440 |
|  | 239000 | Global Payments, Inc. | 4.95% | 08/15/2027 |  | 241727 |
|  | 121000 | Global Payments, Inc. | 5.55% | 11/15/2035 |  | 120313 |
|  | 90000 | Graham Holdings Co.<sup>(h)</sup> | 5.63% | 12/01/2033 |  | 91091 |
|  | 65000 | Herc Holdings, Inc.<sup>(h)</sup> | 7.00% | 06/15/2030 |  | 68446 |
|  | 20000 | Herc Holdings, Inc.<sup>(h)</sup> | 5.75% | 03/15/2031 |  | 20309 |
|  | 20000 | Herc Holdings, Inc.<sup>(h)</sup> | 6.00% | 03/15/2034 |  | 20279 |
|  | 204000 | Quanta Services, Inc. | 5.25% | 08/09/2034 |  | 209255 |
|  | 200000 | Rentokil Terminix Funding LLC<sup>(h)</sup> | 5.00% | 04/28/2030 |  | 203571 |
|  | 244000 | Rollins, Inc. | 5.25% | 02/24/2035 |  | 249069 |
|  | 90000 | Triton Container International, Ltd. / TAL International Container Corp. | 3.25% | 03/15/2032 |  | 81872 |
|  | 40000 | United Rentals North America, Inc.<sup>(h)</sup> | 5.38% | 11/15/2033 |  | 39996 |
|  | 231000 | Verisk Analytics, Inc. | 5.25% | 06/05/2034 |  | 237188 |
|  | 60000 | Veritiv Operating Co.<sup>(h)</sup> | 10.50% | 11/30/2030 |  | 64588 |
|  | 50000 | VT Topco, Inc.<sup>(h)</sup> | 8.50% | 08/15/2030 |  | 52457 |
|  | 75000 | Wand NewCo 3, Inc.<sup>(h)</sup> | 7.63% | 01/30/2032 |  | 79412 |
|  |  |  |  |  |  | 2555117 |
| ***Computers - 0.09%*** | ***Computers - 0.09%*** | ***Computers - 0.09%*** |  |  |  |  |
|  | 110000 | Dell, Inc. | 6.50% | 04/15/2038 |  | 118426 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** | **Value** |
| $| 475000 | Hewlett Packard Enterprise Co. | 5.00% | 10/15/2034 | $| 470992 |
|  | 437000 | Kyndryl Holdings, Inc. | 4.10% | 10/15/2041 |  | 347893 |
|  | 116000 | NetApp, Inc. | 5.50% | 03/17/2032 |  | 120726 |
|  |  |  |  |  |  | 1058037 |
| ***Distribution/Wholesale - 0.00%<sup>(c)</sup>*** | ***Distribution/Wholesale - 0.00%<sup>(c)</sup>*** | ***Distribution/Wholesale - 0.00%<sup>(c)</sup>*** | ***Distribution/Wholesale - 0.00%<sup>(c)</sup>*** | ***Distribution/Wholesale - 0.00%<sup>(c)</sup>*** | ***Distribution/Wholesale - 0.00%<sup>(c)</sup>*** | ***Distribution/Wholesale - 0.00%<sup>(c)</sup>*** |
|  | 60000 | Dealer Tire LLC / DT Issuer LLC<sup>(h)</sup> | 8.00% | 02/01/2028 |  | 60323 |
| ***Diversified Financial Services - 0.11%*** | ***Diversified Financial Services - 0.11%*** | ***Diversified Financial Services - 0.11%*** | ***Diversified Financial Services - 0.11%*** | ***Diversified Financial Services - 0.11%*** | ***Diversified Financial Services - 0.11%*** | ***Diversified Financial Services - 0.11%*** |
|  | 256000 | Aircastle, Ltd. / Aircastle Ireland DAC<sup>(h)</sup> | 5.25% | 03/15/2030 |  | 261685 |
|  | 498000 | American Express Co.<sup>(b)</sup> | 1D US SOFR + 1.44% | 04/25/2031 |  | 513331 |
|  | 175000 | Aviation Capital Group LLC<sup>(h)</sup> | 5.38% | 07/15/2029 |  | 179397 |
|  | 25000 | Freedom Mortgage Holdings LLC<sup>(h)</sup> | 8.38% | 04/01/2032 |  | 26336 |
|  | 60000 | OneMain Finance Corp. | 7.50% | 05/15/2031 |  | 63173 |
|  | 85000 | OneMain Finance Corp. | 6.50% | 03/15/2033 |  | 86031 |
|  | 70000 | PennyMac Financial Services, Inc.<sup>(h)</sup> | 7.88% | 12/15/2029 |  | 74528 |
|  | 45000 | PennyMac Financial Services, Inc.<sup>(h)</sup> | 6.88% | 05/15/2032 |  | 47135 |
|  | 60000 | Rocket Cos., Inc.<sup>(h)</sup> | 6.38% | 08/01/2033 |  | 62632 |
|  |  |  |  |  |  | 1314248 |
| ***Electric - 0.54%*** | ***Electric - 0.54%*** | ***Electric - 0.54%*** | ***Electric - 0.54%*** | ***Electric - 0.54%*** | ***Electric - 0.54%*** | ***Electric - 0.54%*** |
|  | 138000 | AEP Texas, Inc. | 5.45% | 05/15/2029 |  | 142918 |
|  | 124000 | Alliant Energy Corp.<sup>(b)</sup> | 5Y US TI + 2.08% | 04/01/2056 |  | 123953 |
|  | 483000 | Arizona Public Service Co. | 5.90% | 08/15/2055 |  | 491712 |
|  | 222000 | Black Hills Corp. | 6.00% | 01/15/2035 |  | 237035 |
|  | 119000 | CMS Energy Corp.<sup>(b)</sup> | 5Y US TI + 1.96% | 06/01/2055 |  | 122432 |
|  | 228000 | Commonwealth Edison Co. | 5.95% | 06/01/2055 |  | 237280 |
|  | 141000 | Consumers Energy Co. | 4.50% | 01/15/2031 |  | 142725 |
|  | 355000 | DTE Energy Co. | 5.85% | 06/01/2034 |  | 378767 |
|  | 300000 | Duke Energy Corp. | 3.95% | 08/15/2047 |  | 231420 |
|  | 81000 | Duke Energy Corp. | 5.00% | 08/15/2052 |  | 71578 |
|  | 172000 | Duke Energy Corp. | 5.80% | 06/15/2054 |  | 170899 |
|  | 119000 | Entergy Arkansas LLC | 5.75% | 06/01/2054 |  | 120540 |
|  | 246000 | Evergy Kansas Central, Inc. | 5.70% | 03/15/2053 |  | 244659 |
|  | 1000000 | Exelon Corp. | 4.05% | 04/15/2030 |  | 991113 |
|  | 102000 | Kentucky Utilities Co. | 5.85% | 08/15/2055 |  | 102925 |
|  | 750000 | NextEra Energy Capital Holdings, Inc. | 2.44% | 01/15/2032 |  | 668372 |
|  | 119000 | NextEra Energy Capital Holdings, Inc. | 5.90% | 03/15/2055 |  | 120400 |
|  | 120000 | Niagara Mohawk Power Corp.<sup>(h)</sup> | 4.65% | 10/03/2030 |  | 120932 |
|  | 75000 | NRG Energy, Inc.<sup>(h)</sup> | 6.00% | 02/01/2033 |  | 76634 |
|  | 81000 | PSEG Power LLC<sup>(h)</sup> | 5.20% | 05/15/2030 |  | 82894 |
|  | 163000 | Southern Co.<sup>(b)</sup> | 5Y US TI + 2.07% | 03/15/2055 |  | 170215 |
|  | 137000 | Southern Power Co. | 4.90% | 10/01/2035 |  | 135607 |
|  | 50000 | Talen Energy Supply LLC<sup>(h)</sup> | 6.25% | 02/01/2034 |  | 51019 |
|  | 445000 | Trans-Allegheny Interstate Line Co.<sup>(h)</sup> | 5.00% | 01/15/2031 |  | 457418 |
|  | 84000 | Virginia Electric and Power Co. | 5.55% | 08/15/2054 |  | 81496 |
|  | 123000 | Virginia Electric and Power Co. | 5.60% | 09/15/2055 |  | 119579 |
|  | 126000 | Vistra Operations Co. LLC<sup>(h)</sup> | 4.38% | 05/01/2029 |  | 124480 |
|  | 176000 | WEC Energy Group, Inc.<sup>(b)</sup> | 5Y US TI + 1.91% | 05/15/2056 |  | 177240 |
|  |  |  |  |  |  | 6196242 |
| ***Electrical Components & Equipment - 0.03%*** | ***Electrical Components & Equipment - 0.03%*** | ***Electrical Components & Equipment - 0.03%*** |  |  |  |  |
|  | 65000 | Energizer Holdings, Inc.<sup>(h)</sup> | 6.00% | 09/15/2033 |  | 62430 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** | **Value** |
| $| 254000 | Molex Electronic Technologies LLC<sup>(h)</sup> | 5.25% | 04/30/2032 | $| 260830 |
|  | 20000 | WESCO Distribution, Inc.<sup>(h)</sup> | 6.38% | 03/15/2033 |  | 20894 |
|  |  |  |  |  |  | 344154 |
| ***Electronics - 0.06%*** | ***Electronics - 0.06%*** | ***Electronics - 0.06%*** | ***Electronics - 0.06%*** | ***Electronics - 0.06%*** | ***Electronics - 0.06%*** | ***Electronics - 0.06%*** |
|  | 177000 | Amphenol Corp. | 5.30% | 11/15/2055 |  | 169214 |
|  | 233000 | Arrow Electronics, Inc. | 5.15% | 08/21/2029 |  | 238650 |
|  | 125000 | Flex, Ltd. | 5.38% | 11/13/2035 |  | 124753 |
|  | 140000 | Hubbell, Inc. | 4.80% | 11/15/2035 |  | 139149 |
|  |  |  |  |  |  | 671766 |
| ***Engineering & Construction - 0.04%*** | ***Engineering & Construction - 0.04%*** | ***Engineering & Construction - 0.04%*** | ***Engineering & Construction - 0.04%*** | ***Engineering & Construction - 0.04%*** | ***Engineering & Construction - 0.04%*** | ***Engineering & Construction - 0.04%*** |
|  | 165000 | Jacobs Engineering Group, Inc. | 5.90% | 03/01/2033 |  | 174208 |
|  | 235000 | MasTec, Inc. | 5.90% | 06/15/2029 |  | 245207 |
|  |  |  |  |  |  | 419415 |
| ***Entertainment - 0.05%*** | ***Entertainment - 0.05%*** | ***Entertainment - 0.05%*** | ***Entertainment - 0.05%*** | ***Entertainment - 0.05%*** | ***Entertainment - 0.05%*** | ***Entertainment - 0.05%*** |
|  | 100000 | Caesars Entertainment, Inc.<sup>(h)</sup> | 6.00% | 10/15/2032 |  | 97321 |
|  | 80000 | Light & Wonder International, Inc.<sup>(h)</sup> | 6.25% | 10/01/2033 |  | 81029 |
|  | 190000 | Rivers Enterprise Borrower LLC / Rivers Enterprise Finance Corp.<sup>(h)</sup> | 6.63% | 02/01/2033 |  | 194371 |
|  | 30000 | Rivers Enterprise Lender LLC / Rivers Enterprise Lender Corp.<sup>(h)</sup> | 6.25% | 10/15/2030 |  | 30636 |
|  | 60000 | Voyager Parent LLC<sup>(h)</sup> | 9.25% | 07/01/2032 |  | 63704 |
|  | 50000 | Warnermedia Holdings, Inc. | 4.05% | 03/15/2029 |  | 48645 |
|  | 20000 | Warnermedia Holdings, Inc. | 4.28% | 03/15/2032 |  | 17581 |
|  | 35000 | Warnermedia Holdings, Inc. | 5.05% | 03/15/2042 |  | 24719 |
|  |  |  |  |  |  | 558006 |
| ***Environmental Control - 0.06%*** | ***Environmental Control - 0.06%*** | ***Environmental Control - 0.06%*** | ***Environmental Control - 0.06%*** | ***Environmental Control - 0.06%*** | ***Environmental Control - 0.06%*** | ***Environmental Control - 0.06%*** |
|  | 210000 | Madison IAQ LLC<sup>(h)</sup> | 5.88% | 06/30/2029 |  | 208892 |
|  | 235000 | Republic Services, Inc. | 5.15% | 03/15/2035 |  | 242935 |
|  | 81000 | Veralto Corp. | 5.35% | 09/18/2028 |  | 83542 |
|  | 122000 | Veralto Corp. | 5.45% | 09/18/2033 |  | 127379 |
|  |  |  |  |  |  | 662748 |
| ***Food - 0.12%*** | ***Food - 0.12%*** | ***Food - 0.12%*** | ***Food - 0.12%*** | ***Food - 0.12%*** | ***Food - 0.12%*** | ***Food - 0.12%*** |
|  | 118000 | Campbell's Company | 5.40% | 03/21/2034 |  | 120224 |
|  | 239000 | Flowers Foods, Inc. | 5.75% | 03/15/2035 |  | 240147 |
|  | 251000 | Kroger Co. | 5.65% | 09/15/2064 |  | 239631 |
|  | 247000 | Mars, Inc.<sup>(h)</sup> | 5.70% | 05/01/2055 |  | 246219 |
|  | 100000 | Post Holdings, Inc.<sup>(h)</sup> | 6.38% | 03/01/2033 |  | 101098 |
|  | 280000 | United Natural Foods, Inc.<sup>(h)</sup> | 6.75% | 10/15/2028 |  | 281607 |
|  | 175000 | US Foods, Inc.<sup>(h)</sup> | 5.75% | 04/15/2033 |  | 178415 |
|  |  |  |  |  |  | 1407341 |
| ***Gas - 0.06%*** | ***Gas - 0.06%*** | ***Gas - 0.06%*** | ***Gas - 0.06%*** | ***Gas - 0.06%*** | ***Gas - 0.06%*** | ***Gas - 0.06%*** |
|  | 99000 | National Fuel Gas Co. | 5.95% | 03/15/2035 |  | 103757 |
|  | 235000 | NiSource, Inc. | 5.35% | 04/01/2034 |  | 242834 |
|  | 116000 | NiSource, Inc.<sup>(b)</sup> | 5Y US TI + 2.45% | 11/30/2054 |  | 121345 |
|  | 203000 | NiSource, Inc. | 5.85% | 04/01/2055 |  | 202521 |
|  |  |  |  |  |  | 670457 |
| ***Healthcare-Products - 0.08%*** | ***Healthcare-Products - 0.08%*** | ***Healthcare-Products - 0.08%*** | ***Healthcare-Products - 0.08%*** | ***Healthcare-Products - 0.08%*** | ***Healthcare-Products - 0.08%*** | ***Healthcare-Products - 0.08%*** |
|  | 200000 | 180 Medical, Inc.<sup>(h)</sup> | 5.30% | 10/08/2035 |  | 199803 |
|  | 240000 | GE HealthCare Technologies, Inc. | 4.80% | 01/15/2031 |  | 244513 |
|  | 100000 | Medline Borrower LP<sup>(h)</sup> | 5.25% | 10/01/2029 |  | 100600 |
|  | 89000 | VSP Optical Group, Inc.<sup>(h)</sup> | 5.45% | 12/01/2035 |  | 89626 |
|  | 232000 | Zimmer Biomet Holdings, Inc. | 5.20% | 09/15/2034 |  | 236634 |
|  |  |  |  |  |  | 871176 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
| ***Healthcare-Services - 0.11%*** | ***Healthcare-Services - 0.11%*** | ***Healthcare-Services - 0.11%*** | ***Healthcare-Services - 0.11%*** | ***Healthcare-Services - 0.11%*** |
| $70000 | CHS/Community Health Systems, Inc.<sup>(h)</sup> | 6.00% | 01/15/2029 | $70253 |
| 66000 | Elevance Health, Inc. | 4.55% | 05/15/2052 | 54971 |
| 161000 | IQVIA, Inc. | 6.25% | 02/01/2029 | 169810 |
| 503000 | Laboratory Corp. of America Holdings | 4.80% | 10/01/2034 | 499720 |
| 60000 | LifePoint Health, Inc.<sup>(h)</sup> | 10.00% | 06/01/2032 | 63800 |
| 234000 | Quest Diagnostics, Inc. | 5.00% | 12/15/2034 | 237019 |
| 90000 | Radiology Partners, Inc.<sup>(h)</sup> | 8.50% | 07/15/2032 | 94130 |
| 10000 | Tenet Healthcare Corp.<sup>(h)</sup> | 5.50% | 11/15/2032 | 10143 |
| 10000 | Tenet Healthcare Corp.<sup>(h)</sup> | 6.00% | 11/15/2033 | 10302 |
|  |  |  |  | 1210148 |
| ***Home Builders - 0.01%*** | ***Home Builders - 0.01%*** | ***Home Builders - 0.01%*** | ***Home Builders - 0.01%*** | ***Home Builders - 0.01%*** |
| 60000 | Taylor Morrison Communities, Inc.<sup>(h)</sup> | 5.75% | 11/15/2032 | 61771 |
| ***Home Furnishings - 0.00%<sup>(c)</sup>*** | ***Home Furnishings - 0.00%<sup>(c)</sup>*** | ***Home Furnishings - 0.00%<sup>(c)</sup>*** | ***Home Furnishings - 0.00%<sup>(c)</sup>*** | ***Home Furnishings - 0.00%<sup>(c)</sup>*** |
| 60000 | Whirlpool Corp. | 6.50% | 06/15/2033 | 58225 |
| ***Housewares - 0.00%<sup>(c)</sup>*** | ***Housewares - 0.00%<sup>(c)</sup>*** | ***Housewares - 0.00%<sup>(c)</sup>*** | ***Housewares - 0.00%<sup>(c)</sup>*** | ***Housewares - 0.00%<sup>(c)</sup>*** |
| 35000 | Newell Brands, Inc. | 6.38% | 05/15/2030 | 34225 |
| ***Insurance - 0.20%*** | ***Insurance - 0.20%*** | ***Insurance - 0.20%*** | ***Insurance - 0.20%*** | ***Insurance - 0.20%*** |
| 311000 | 200 Park Funding Trust<sup>(h)</sup> | 5.74% | 02/15/2055 | 309988 |
| 100000 | Acrisure LLC / Acrisure Finance, Inc.<sup>(h)</sup> | 6.75% | 07/01/2032 | 103454 |
| 75000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer<sup>(h)</sup> | 6.50% | 10/01/2031 | 77395 |
| 50000 | APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves<sup>(h)</sup> | 7.88% | 11/01/2029 | 50537 |
| 139000 | Arthur J Gallagher & Co. | 4.85% | 12/15/2029 | 142327 |
| 192000 | Athene Global Funding<sup>(h)</sup> | 5.35% | 07/09/2027 | 195289 |
| 122000 | Athene Global Funding<sup>(h)</sup> | 4.72% | 10/08/2029 | 122206 |
| 136000 | Athene Global Funding<sup>(h)</sup> | 5.03% | 07/17/2030 | 137099 |
| 100000 | Brown & Brown, Inc. | 6.25% | 06/23/2055 | 104117 |
| 201000 | Guardian Life Global Funding<sup>(h)</sup> | 4.80% | 04/28/2030 | 205493 |
| 204000 | MetLife, Inc.<sup>(b)</sup> | 5Y US TI + 2.08% | 03/15/2055 | 215246 |
| 107000 | New York Life Insurance Co.<sup>(h)</sup> | 6.75% | 11/15/2039 | 122412 |
| 100000 | Panther Escrow Issuer LLC<sup>(h)</sup> | 7.13% | 06/01/2031 | 103688 |
| 151000 | Prudential Financial, Inc. | 5.20% | 03/14/2035 | 154955 |
| 98000 | Travelers Cos., Inc. | 5.70% | 07/24/2055 | 100165 |
| 140000 | Willis North America, Inc. | 4.55% | 03/15/2031 | 140229 |
|  |  |  |  | 2284600 |
| ***Internet - 0.15%*** | ***Internet - 0.15%*** | ***Internet - 0.15%*** | ***Internet - 0.15%*** | ***Internet - 0.15%*** |
| 117000 | AppLovin Corp. | 5.38% | 12/01/2031 | 121490 |
| 242000 | Expedia Group, Inc. | 3.80% | 02/15/2028 | 240886 |
| 125000 | Meta Platforms, Inc. | 5.50% | 11/15/2045 | 121453 |
| 264000 | Meta Platforms, Inc. | 4.45% | 08/15/2052 | 215001 |
| 174000 | Netflix, Inc. | 5.40% | 08/15/2054 | 168737 |
| 265000 | Uber Technologies, Inc.<sup>(h)</sup> | 4.50% | 08/15/2029 | 265529 |
| 238000 | Uber Technologies, Inc. | 4.80% | 09/15/2034 | 238092 |
| 293000 | VeriSign, Inc. | 5.25% | 06/01/2032 | 301292 |
| 45000 | Wayfair LLC<sup>(h)</sup> | 7.25% | 10/31/2029 | 47012 |
| 40000 | Wayfair LLC<sup>(h)</sup> | 6.75% | 11/15/2032 | 41170 |
|  |  |  |  | 1760662 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
| ***Investment Companies - 8.87%*** | ***Investment Companies - 8.87%*** | ***Investment Companies - 8.87%*** | ***Investment Companies - 8.87%*** | ***Investment Companies - 8.87%*** |
| $6000000 | Barings Private Credit Corp.<sup>(h)</sup> | 6.15% | 06/11/2030 | $5988028 |
| 11500000 | BlackRock TCP Capital Corp. | 6.95% | 05/30/2029 | 11555090 |
| 4889000 | Blue Owl Capital Corp. | 3.13% | 04/13/2027 | 4776808 |
| 2000000 | Blue Owl Credit Income Corp. | 4.70% | 02/08/2027 | 1993195 |
| 3400000 | Blue Owl Credit Income Corp. | 7.75% | 09/16/2027 | 3537734 |
| 2000000 | Blue Owl Credit Income Corp. | 7.95% | 06/13/2028 | 2116763 |
| 11434000 | Blue Owl Technology Finance Corp.<sup>(h)</sup> | 6.10% | 03/15/2028 | 11511830 |
| 4800000 | Blue Owl Technology Finance Corp. | 6.75% | 04/04/2029 | 4911346 |
| 3000000 | Carlyle Secured Lending, Inc. | 6.75% | 02/18/2030 | 3075861 |
| 10000000 | Franklin BSP Capital Corp. | 7.20% | 06/15/2029 | 10310491 |
| 10000000 | FS KKR Capital Corp. | 6.88% | 08/15/2029 | 10085200 |
| 2300000 | Golub Capital BDC, Inc. | 2.05% | 02/15/2027 | 2232528 |
| 8312000 | New Mountain Finance Corp. | 6.88% | 02/01/2029 | 8448075 |
| 8000000 | Oaktree Specialty Lending Corp. | 7.10% | 02/15/2029 | 8248396 |
| 8900000 | Oaktree Specialty Lending Corp. | 6.34% | 02/27/2030 | 8936824 |
| 1000000 | Oaktree Strategic Credit Fund | 8.40% | 11/14/2028 | 1078012 |
| 3100000 | PennantPark Investment Corp. | 4.00% | 11/01/2026 | 3042987 |
|  |  |  |  | 101849168 |
| ***Leisure Time - 0.08%*** | ***Leisure Time - 0.08%*** | ***Leisure Time - 0.08%*** | ***Leisure Time - 0.08%*** | ***Leisure Time - 0.08%*** |
| 60000 | Acushnet Co.<sup>(h)</sup> | 5.63% | 12/01/2033 | 60824 |
| 82000 | Carnival Corp.<sup>(h)</sup> | 5.13% | 05/01/2029 | 82950 |
| 55000 | Carnival Corp.<sup>(h)</sup> | 5.75% | 08/01/2032 | 56514 |
| 81000 | Carnival Corp.<sup>(h)</sup> | 6.13% | 02/15/2033 | 83682 |
| 135000 | Life Time, Inc.<sup>(h)</sup> | 6.00% | 11/15/2031 | 138393 |
| 60000 | Lindblad Expeditions LLC<sup>(h)</sup> | 7.00% | 09/15/2030 | 62619 |
| 30000 | NCL Corp., Ltd.<sup>(h)</sup> | 5.88% | 01/15/2031 | 29903 |
| 30000 | NCL Corp., Ltd.<sup>(h)</sup> | 6.25% | 09/15/2033 | 30002 |
| 123000 | Royal Caribbean Cruises, Ltd.<sup>(h)</sup> | 5.38% | 07/15/2027 | 123968 |
| 105000 | Royal Caribbean Cruises, Ltd. | 5.38% | 01/15/2036 | 105480 |
| 29000 | Sabre GLBL, Inc.<sup>(h)</sup> | 10.75% | 11/15/2029 | 24681 |
| 40000 | Sabre GLBL, Inc.<sup>(h)</sup> | 10.75% | 03/15/2030 | 32923 |
| 115000 | Viking Cruises, Ltd.<sup>(h)</sup> | 5.88% | 10/15/2033 | 116835 |
|  |  |  |  | 948774 |
| ***Lodging - 0.05%*** | ***Lodging - 0.05%*** | ***Lodging - 0.05%*** | ***Lodging - 0.05%*** | ***Lodging - 0.05%*** |
| 55000 | Full House Resorts, Inc.<sup>(h)</sup> | 8.25% | 02/15/2028 | 47987 |
| 239000 | Marriott International, Inc. | 4.50% | 10/15/2031 | 239625 |
| 234000 | Marriott International, Inc. | 5.30% | 05/15/2034 | 241419 |
|  |  |  |  | 529031 |
| ***Machinery-Construction & Mining - 0.01%*** | ***Machinery-Construction & Mining - 0.01%*** | ***Machinery-Construction & Mining - 0.01%*** | ***Machinery-Construction & Mining - 0.01%*** | ***Machinery-Construction & Mining - 0.01%*** |
| 120000 | Vertiv Group Corp.<sup>(h)</sup> | 4.13% | 11/15/2028 | 118596 |
| ***Machinery-Diversified - 0.02%*** | ***Machinery-Diversified - 0.02%*** | ***Machinery-Diversified - 0.02%*** | ***Machinery-Diversified - 0.02%*** | ***Machinery-Diversified - 0.02%*** |
| 234000 | Westinghouse Air Brake Technologies Corp. | 4.90% | 05/29/2030 | 239827 |
| ***Media - 0.06%*** | ***Media - 0.06%*** | ***Media - 0.06%*** | ***Media - 0.06%*** | ***Media - 0.06%*** |
| 65000 | CCO Holdings LLC / CCO Holdings Capital Corp.<sup>(h)</sup> | 5.13% | 05/01/2027 | 64948 |
| 95000 | CCO Holdings LLC / CCO Holdings Capital Corp.<sup>(h)</sup> | 4.75% | 03/01/2030 | 90788 |
| 65000 | CCO Holdings LLC / CCO Holdings Capital Corp.<sup>(h)</sup> | 4.75% | 02/01/2032 | 59454 |
| 40000 | CCO Holdings LLC / CCO Holdings Capital Corp.<sup>(h)</sup> | 4.25% | 01/15/2034 | 34049 |
| 70000 | Directv Financing LLC<sup>(h)</sup> | 8.88% | 02/01/2030 | 70913 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** | **Value** |
| $| 56000 | Directv Financing LLC / Directv Financing Co.-Obligor, Inc.<sup>(h)</sup> | 5.88% | 08/15/2027 | $| 56360 |
|  | 60000 | DISH DBS Corp.<sup>(h)</sup> | 5.75% | 12/01/2028 |  | 58943 |
|  | 40000 | DISH DBS Corp. | 5.13% | 06/01/2029 |  | 35536 |
|  | 55000 | Gray Media, Inc.<sup>(h)</sup> | 9.63% | 07/15/2032 |  | 57119 |
|  | 55000 | Gray Media, Inc.<sup>(h)</sup> | 7.25% | 08/15/2033 |  | 56234 |
|  | 70000 | McGraw-Hill Education, Inc.<sup>(h)</sup> | 5.75% | 08/01/2028 |  | 70408 |
|  | 25000 | McGraw-Hill Education, Inc.<sup>(h)</sup> | 7.38% | 09/01/2031 |  | 26395 |
|  | 65000 | Univision Communications, Inc.<sup>(h)</sup> | 7.38% | 06/30/2030 |  | 66300 |
|  |  |  |  |  |  | 747447 |
| ***Mining - 0.01%*** | ***Mining - 0.01%*** | ***Mining - 0.01%*** | ***Mining - 0.01%*** | ***Mining - 0.01%*** | ***Mining - 0.01%*** | ***Mining - 0.01%*** |
|  | 50000 | Freeport-McMoRan, Inc. | 4.38% | 08/01/2028 |  | 50024 |
|  | 50000 | Novelis Corp.<sup>(h)</sup> | 6.88% | 01/30/2030 |  | 51942 |
|  |  |  |  |  |  | 101966 |
| ***Miscellaneous Manufacturing - 0.02%*** | ***Miscellaneous Manufacturing - 0.02%*** | ***Miscellaneous Manufacturing - 0.02%*** | ***Miscellaneous Manufacturing - 0.02%*** | ***Miscellaneous Manufacturing - 0.02%*** | ***Miscellaneous Manufacturing - 0.02%*** | ***Miscellaneous Manufacturing - 0.02%*** |
|  | 233000 | Textron, Inc. | 5.50% | 05/15/2035 |  | 241944 |
| ***Oil & Gas - 0.09%*** | ***Oil & Gas - 0.09%*** | ***Oil & Gas - 0.09%*** | ***Oil & Gas - 0.09%*** | ***Oil & Gas - 0.09%*** | ***Oil & Gas - 0.09%*** | ***Oil & Gas - 0.09%*** |
|  | 45000 | Chord Energy Corp.<sup>(h)</sup> | 6.00% | 10/01/2030 |  | 45723 |
|  | 75000 | Chord Energy Corp.<sup>(h)</sup> | 6.75% | 03/15/2033 |  | 77608 |
|  | 65000 | CNX Resources Corp.<sup>(h)</sup> | 6.00% | 01/15/2029 |  | 65521 |
|  | 123000 | Expand Energy Corp. | 4.75% | 02/01/2032 |  | 121372 |
|  | 125000 | Gulfport Energy Operating Corp.<sup>(h)</sup> | 6.75% | 09/01/2029 |  | 129241 |
|  | 50000 | Hilcorp Energy I LP / Hilcorp Finance Co.<sup>(h)</sup> | 7.25% | 02/15/2035 |  | 47549 |
|  | 60000 | Matador Resources Co.<sup>(h)</sup> | 6.50% | 04/15/2032 |  | 60889 |
|  | 50000 | Nabors Industries, Inc.<sup>(h)</sup> | 9.13% | 01/31/2030 |  | 52463 |
|  | 40000 | Nabors Industries, Inc.<sup>(h)</sup> | 7.63% | 11/15/2032 |  | 39341 |
|  | 118000 | Permian Resources Operating LLC<sup>(h)</sup> | 6.25% | 02/01/2033 |  | 121099 |
|  | 55000 | SM Energy Co.<sup>(h)</sup> | 7.00% | 08/01/2032 |  | 54103 |
|  | 73000 | Vine Engergy Holdings LLC<sup>(h)</sup> | 6.75% | 04/15/2029 |  | 73434 |
|  | 86000 | Viper Energy Partners LLC | 4.90% | 08/01/2030 |  | 87042 |
|  | 20000 | Vital Energy, Inc.<sup>(h)</sup> | 7.88% | 04/15/2032 |  | 19719 |
|  |  |  |  |  |  | 995104 |
| ***Oil & Gas Services - 0.05%*** | ***Oil & Gas Services - 0.05%*** | ***Oil & Gas Services - 0.05%*** | ***Oil & Gas Services - 0.05%*** | ***Oil & Gas Services - 0.05%*** | ***Oil & Gas Services - 0.05%*** | ***Oil & Gas Services - 0.05%*** |
|  | 120000 | Archrock Partners LP / Archrock Partners Finance Corp.<sup>(h)</sup> | 6.63% | 09/01/2032 |  | 123843 |
|  | 120000 | Kodiak Gas Services LLC<sup>(h)</sup> | 7.25% | 02/15/2029 |  | 124913 |
|  | 35000 | Kodiak Gas Services LLC<sup>(h)</sup> | 6.50% | 10/01/2033 |  | 35761 |
|  | 35000 | Kodiak Gas Services LLC<sup>(h)</sup> | 6.75% | 10/01/2035 |  | 36004 |
|  | 110000 | WBI Operating LLC<sup>(h)</sup> | 6.50% | 10/15/2033 |  | 109642 |
|  | 120000 | Weatherford International, Ltd.<sup>(h)</sup> | 6.75% | 10/15/2033 |  | 122957 |
|  |  |  |  |  |  | 553120 |
| ***Packaging & Containers - 0.03%*** | ***Packaging & Containers - 0.03%*** | ***Packaging & Containers - 0.03%*** | ***Packaging & Containers - 0.03%*** | ***Packaging & Containers - 0.03%*** | ***Packaging & Containers - 0.03%*** | ***Packaging & Containers - 0.03%*** |
|  | 130000 | Clydesdale Acquisition Holdings, Inc.<sup>(h)</sup> | 6.75% | 04/15/2032 |  | 133763 |
|  | 123000 | Sonoco Products Co. | 4.60% | 09/01/2029 |  | 124049 |
|  | 50000 | Trident TPI Holdings, Inc.<sup>(h)</sup> | 12.75% | 12/31/2028 |  | 51294 |
|  |  |  |  |  |  | 309106 |
| ***Pharmaceuticals - 0.13%*** | ***Pharmaceuticals - 0.13%*** | ***Pharmaceuticals - 0.13%*** | ***Pharmaceuticals - 0.13%*** | ***Pharmaceuticals - 0.13%*** | ***Pharmaceuticals - 0.13%*** | ***Pharmaceuticals - 0.13%*** |
|  | 250000 | AbbVie, Inc. | 4.70% | 05/14/2045 |  | 226221 |
|  | 138000 | AbbVie, Inc. | 5.50% | 03/15/2064 |  | 134151 |
|  | 35000 | Bausch Health Cos., Inc.<sup>(h)</sup> | 5.25% | 01/30/2030 |  | 24661 |
|  | 235000 | Cardinal Health, Inc. | 4.60% | 03/15/2043 |  | 206931 |
|  | 33000 | Cardinal Health, Inc. | 4.50% | 11/15/2044 |  | 28434 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** | **Value** |
| $| 303000 | Merck & Co., Inc. | 5.70% | 09/15/2055 | $| 306412 |
|  | 243000 | Takeda US Financing, Inc. | 5.90% | 07/07/2055 |  | 246057 |
|  | 235000 | Zoetis, Inc. | 4.15% | 08/17/2028 |  | 236347 |
|  | 99000 | Zoetis, Inc. | 4.70% | 02/01/2043 |  | 90921 |
|  |  |  |  |  |  | 1500135 |
| ***Pipelines - 0.31%*** | ***Pipelines - 0.31%*** | ***Pipelines - 0.31%*** | ***Pipelines - 0.31%*** | ***Pipelines - 0.31%*** | ***Pipelines - 0.31%*** | ***Pipelines - 0.31%*** |
|  | 89000 | Antero Midstream Partners LP / Antero Midstream Finance Corp.<sup>(h)</sup> | 5.75% | 07/01/2034 |  | 89716 |
|  | 60000 | Buckeye Partners LP<sup>(h)</sup> | 6.88% | 07/01/2029 |  | 62639 |
|  | 127000 | Cheniere Energy Partners LP | 4.00% | 03/01/2031 |  | 123707 |
|  | 238000 | Cheniere Energy, Inc. | 4.63% | 10/15/2028 |  | 237680 |
|  | 124000 | Cheniere Energy, Inc. | 5.65% | 04/15/2034 |  | 128693 |
|  | 146000 | Colonial Enterprises, Inc.<sup>(h)</sup> | 5.63% | 11/15/2035 |  | 147552 |
|  | 125000 | DT Midstream, Inc.<sup>(h)</sup> | 4.13% | 06/15/2029 |  | 123411 |
|  | 249000 | Eastern Energy Gas Holdings LLC | 5.65% | 10/15/2054 |  | 241078 |
|  | 1000000 | Energy Transfer LP | 3.90% | 07/15/2026 |  | 999368 |
|  | 236000 | Enterprise Products Operating LLC | 5.55% | 02/16/2055 |  | 228884 |
|  | 103000 | Florida Gas Transmission Co. LLC<sup>(h)</sup> | 5.75% | 07/15/2035 |  | 107167 |
|  | 145000 | Gulfstream Natural Gas System LLC<sup>(h)</sup> | 5.60% | 07/23/2035 |  | 148973 |
|  | 115000 | Harvest Midstream I LP<sup>(h)</sup> | 7.50% | 05/15/2032 |  | 119962 |
|  | 105000 | Kinder Morgan Energy Partners LP | 6.95% | 01/15/2038 |  | 118093 |
|  | 30000 | NGL Energy Operating LLC / NGL Energy Finance Corp.<sup>(h)</sup> | 8.13% | 02/15/2029 |  | 31158 |
|  | 271000 | NGPL PipeCo LLC<sup>(h)</sup> | 3.25% | 07/15/2031 |  | 249739 |
|  | 62000 | Southern Natural Gas Co. LLC<sup>(h)</sup> | 5.45% | 08/01/2035 |  | 63471 |
|  | 60000 | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp.<sup>(h)</sup> | 7.38% | 02/15/2029 |  | 62238 |
|  | 35000 | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp.<sup>(h)</sup> | 6.75% | 03/15/2034 |  | 35021 |
|  | 30000 | Venture Global LNG, Inc.<sup>(h)</sup> | 8.13% | 06/01/2028 |  | 30403 |
|  | 45000 | Venture Global LNG, Inc.<sup>(h)</sup> | 8.38% | 06/01/2031 |  | 44775 |
|  | 25000 | Venture Global LNG, Inc.<sup>(h)</sup> | 9.88% | 02/01/2032 |  | 25842 |
|  | 30000 | Venture Global Plaquemines LNG LLC<sup>(h)</sup> | 6.13% | 12/15/2030 |  | 30568 |
|  | 20000 | Venture Global Plaquemines LNG LLC<sup>(h)</sup> | 7.50% | 05/01/2033 |  | 21621 |
|  | 65000 | Venture Global Plaquemines LNG LLC<sup>(h)</sup> | 6.50% | 01/15/2034 |  | 66609 |
|  |  |  |  |  |  | 3538368 |
| ***Real Estate - 0.01%*** | ***Real Estate - 0.01%*** | ***Real Estate - 0.01%*** | ***Real Estate - 0.01%*** | ***Real Estate - 0.01%*** | ***Real Estate - 0.01%*** | ***Real Estate - 0.01%*** |
|  | 55000 | Anywhere Real Estate Group LLC / Anywhere Co.-Issuer Corp.<sup>(h)</sup> | 7.00% | 04/15/2030 |  | 54990 |
|  | 50000 | Anywhere Real Estate Group LLC / Realogy Co.-Issuer Corp.<sup>(h)</sup> | 5.25% | 04/15/2030 |  | 46907 |
|  |  |  |  |  |  | 101897 |
| ***REITS - 0.27%*** | ***REITS - 0.27%*** | ***REITS - 0.27%*** | ***REITS - 0.27%*** | ***REITS - 0.27%*** | ***REITS - 0.27%*** | ***REITS - 0.27%*** |
|  | 334000 | American Homes 4 Rent LP | 5.50% | 02/01/2034 |  | 345858 |
|  | 116000 | American Tower Corp. | 5.55% | 07/15/2033 |  | 121535 |
|  | 86000 | American Tower Corp. | 3.70% | 10/15/2049 |  | 64003 |
|  | 200000 | Crown Castle, Inc. | 3.65% | 09/01/2027 |  | 198562 |
|  | 126000 | Equinix Europe 2 Financing Corp. LLC | 4.60% | 11/15/2030 |  | 126409 |
|  | 135000 | Essential Properties LP | 5.40% | 12/01/2035 |  | 135315 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** | **Value** |
| $| 234000 | Extra Space Storage LP | 5.40% | 02/01/2034 | $| 240713 |
|  | 293000 | First Industrial LP | 5.25% | 01/15/2031 |  | 299203 |
|  | 238000 | Lineage OP LP<sup>(h)</sup> | 5.25% | 07/15/2030 |  | 240347 |
|  | 133000 | Omega Healthcare Investors, Inc. | 3.38% | 02/01/2031 |  | 124255 |
|  | 141000 | Omega Healthcare Investors, Inc. | 3.25% | 04/15/2033 |  | 125569 |
|  | 100000 | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer<sup>(h)</sup> | 7.00% | 02/01/2030 |  | 103006 |
|  | 181000 | Phillips Edison Grocery Center Operating Partnership I LP | 5.75% | 07/15/2034 |  | 189814 |
|  | 100000 | RHP Hotel Properties LP / RHP Finance Corp.<sup>(h)</sup> | 6.50% | 06/15/2033 |  | 104357 |
|  | 116000 | Sabra Health Care LP | 3.20% | 12/01/2031 |  | 106308 |
|  | 105000 | Starwood Property Trust, Inc.<sup>(h)</sup> | 5.25% | 10/15/2028 |  | 106161 |
|  | 279000 | Sun Communities Operating LP | 2.70% | 07/15/2031 |  | 253692 |
|  | 244000 | VICI Properties LP / VICI Note Co., Inc.<sup>(h)</sup> | 4.63% | 12/01/2029 |  | 243620 |
|  |  |  |  |  |  | 3128727 |
| ***Retail - 0.10%*** | ***Retail - 0.10%*** | ***Retail - 0.10%*** | ***Retail - 0.10%*** | ***Retail - 0.10%*** | ***Retail - 0.10%*** | ***Retail - 0.10%*** |
|  | 223000 | AutoZone, Inc. | 5.13% | 06/15/2030 |  | 230091 |
|  | 65000 | Cougar JV Subsidiary LLC<sup>(h)</sup> | 8.00% | 05/15/2032 |  | 69733 |
|  | 35000 | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.<sup>(h)</sup> | 6.75% | 01/15/2030 |  | 33302 |
|  | 139000 | Lowe's Cos., Inc. | 5.63% | 04/15/2053 |  | 134923 |
|  | 268000 | McDonald's Corp. | 4.45% | 03/01/2047 |  | 229464 |
|  | 30000 | Michaels Cos., Inc.<sup>(h)</sup> | 5.25% | 05/01/2028 |  | 28875 |
|  | 121000 | O'Reilly Automotive, Inc. | 5.00% | 08/19/2034 |  | 121921 |
|  | 45000 | QXO Building Products, Inc.<sup>(h)</sup> | 6.75% | 04/30/2032 |  | 47035 |
|  | 65000 | Staples, Inc.<sup>(h)</sup> | 10.75% | 09/01/2029 |  | 64704 |
|  | 165000 | Victra Holdings LLC / Victra Finance Corp.<sup>(h)</sup> | 8.75% | 09/15/2029 |  | 174896 |
|  |  |  |  |  |  | 1134944 |
| ***Semiconductors - 0.09%*** | ***Semiconductors - 0.09%*** | ***Semiconductors - 0.09%*** | ***Semiconductors - 0.09%*** | ***Semiconductors - 0.09%*** | ***Semiconductors - 0.09%*** | ***Semiconductors - 0.09%*** |
|  | 587000 | Broadcom, Inc. | 3.50% | 02/15/2041 |  | 477990 |
|  | 437000 | Marvell Technology, Inc. | 5.95% | 09/15/2033 |  | 467469 |
|  | 139000 | Qorvo, Inc.<sup>(h)</sup> | 3.38% | 04/01/2031 |  | 129052 |
|  |  |  |  |  |  | 1074511 |
| ***Software - 0.16%*** | ***Software - 0.16%*** | ***Software - 0.16%*** | ***Software - 0.16%*** | ***Software - 0.16%*** | ***Software - 0.16%*** | ***Software - 0.16%*** |
|  | 90000 | AthenaHealth Group, Inc.<sup>(h)</sup> | 6.50% | 02/15/2030 |  | 89806 |
|  | 35000 | Cloud Software Group, Inc.<sup>(h)</sup> | 9.00% | 09/30/2029 |  | 36477 |
|  | 40000 | Cloud Software Group, Inc.<sup>(h)</sup> | 6.63% | 08/15/2033 |  | 39667 |
|  | 35000 | CoreWeave, Inc.<sup>(h)</sup> | 9.25% | 06/01/2030 |  | 32578 |
|  | 60000 | Ellucian Holdings, Inc.<sup>(h)</sup> | 6.50% | 12/01/2029 |  | 61329 |
|  | 223000 | Fiserv, Inc. | 5.45% | 03/15/2034 |  | 226188 |
|  | 202000 | Intuit, Inc. | 5.50% | 09/15/2053 |  | 199739 |
|  | 127000 | Oracle Corp. | 5.20% | 09/26/2035 |  | 121722 |
|  | 197000 | Oracle Corp. | 5.88% | 09/26/2045 |  | 178014 |
|  | 446000 | Paychex, Inc. | 5.35% | 04/15/2032 |  | 462190 |
|  | 74000 | Roper Technologies, Inc. | 4.25% | 09/15/2028 |  | 74279 |
|  | 223000 | Workday, Inc. | 3.70% | 04/01/2029 |  | 219901 |
|  | 129000 | Workday, Inc. | 3.80% | 04/01/2032 |  | 123470 |
|  |  |  |  |  |  | 1865360 |
| ***Telecommunications - 0.20%*** | ***Telecommunications - 0.20%*** | ***Telecommunications - 0.20%*** | ***Telecommunications - 0.20%*** | ***Telecommunications - 0.20%*** | ***Telecommunications - 0.20%*** | ***Telecommunications - 0.20%*** |
|  | 500000 | AT&T, Inc. | 4.30% | 02/15/2030 |  | 500827 |
|  | 671000 | AT&T, Inc. | 3.50% | 09/15/2053 |  | 449389 |
|  | 50000 | Cipher Compute LLC<sup>(h)</sup> | 7.13% | 11/15/2030 |  | 50987 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** | **Value** |
| $20000 | CommScope LLC<sup>(h)</sup> | 9.50% | 12/15/2031 | $| 20218 |
| 50000 | EchoStar Corp. | 10.75% | 11/30/2029 |  | 55329 |
| 65000 | Flash Compute LLC<sup>(h)</sup> | 7.25% | 12/31/2030 |  | 64481 |
| 115000 | Level 3 Financing, Inc.<sup>(h)</sup> | 6.88% | 06/30/2033 |  | 117771 |
| 197000 | Motorola Solutions, Inc. | 5.20% | 08/15/2032 |  | 203220 |
| 265000 | T-Mobile USA, Inc. | 3.40% | 10/15/2052 |  | 178320 |
| 152000 | T-Mobile USA, Inc. | 5.25% | 06/15/2055 |  | 138594 |
| 147000 | T-Mobile USA, Inc. | 5.88% | 11/15/2055 |  | 147475 |
| 45000 | Uniti Group LP / Uniti Group Finance 2019, Inc. / CSL Capital LLC<sup>(h)</sup> | 8.63% | 06/15/2032 |  | 44363 |
| 304000 | Verizon Communications, Inc. | 5.75% | 11/30/2045 |  | 302006 |
| 25000 | Windstream Services LLC<sup>(h)</sup> | 7.50% | 10/15/2033 |  | 25649 |
| 35000 | Windstream Services LLC / Windstream Escrow Finance Corp.<sup>(h)</sup> | 8.25% | 10/01/2031 |  | 36775 |
|  |  |  |  |  | 2335404 |
| ***Toys/Games/Hobbies - 0.01%*** | ***Toys/Games/Hobbies - 0.01%*** | ***Toys/Games/Hobbies - 0.01%*** | ***Toys/Games/Hobbies - 0.01%*** | ***Toys/Games/Hobbies - 0.01%*** | ***Toys/Games/Hobbies - 0.01%*** |
| 99000 | Mattel, Inc. | 5.00% | 11/17/2030 |  | 99716 |
| ***Transportation - 0.21%*** | ***Transportation - 0.21%*** | ***Transportation - 0.21%*** | ***Transportation - 0.21%*** | ***Transportation - 0.21%*** | ***Transportation - 0.21%*** |
| 1167000 | Burlington Northern Santa Fe LLC | 5.20% | 04/15/2054 |  | 1099724 |
| 584000 | CSX Corp. | 3.80% | 11/01/2046 |  | 458553 |
| 130000 | Genesee & Wyoming, Inc.<sup>(h)</sup> | 6.25% | 04/15/2032 |  | 134225 |
| 40000 | Star Leasing Co. LLC<sup>(h)</sup> | 7.63% | 02/15/2030 |  | 37247 |
| 500000 | Union Pacific Corp. | 3.70% | 03/01/2029 |  | 496286 |
| 60000 | Watco Cos. LLC / Watco Finance Corp.<sup>(h)</sup> | 7.13% | 08/01/2032 |  | 62872 |
| 135000 | XPO, Inc.<sup>(h)</sup> | 7.13% | 06/01/2031 |  | 141313 |
|  |  |  |  |  | 2430220 |
| ***Trucking & Leasing - 0.04%*** | ***Trucking & Leasing - 0.04%*** | ***Trucking & Leasing - 0.04%*** | ***Trucking & Leasing - 0.04%*** | ***Trucking & Leasing - 0.04%*** | ***Trucking & Leasing - 0.04%*** |
| 30000 | FTAI Aviation Investors LLC<sup>(h)</sup> | 5.88% | 04/15/2033 |  | 30513 |
| 139000 | GATX Corp. | 5.50% | 06/15/2035 |  | 142565 |
| 240000 | Penske Truck Leasing Co. Lp / PTL Finance Corp.<sup>(h)</sup> | 5.25% | 02/01/2030 |  | 247223 |
|  |  |  |  |  | 420301 |
| ***Trucking&Leasing - 0.01%*** | ***Trucking&Leasing - 0.01%*** | ***Trucking&Leasing - 0.01%*** | ***Trucking&Leasing - 0.01%*** | ***Trucking&Leasing - 0.01%*** | ***Trucking&Leasing - 0.01%*** |
| 105000 | GATX Corp. | 5.20% | 03/15/2044 |  | 99381 |
| TOTAL U.S. CORPORATE BONDS | TOTAL U.S. CORPORATE BONDS | TOTAL U.S. CORPORATE BONDS | TOTAL U.S. CORPORATE BONDS | TOTAL U.S. CORPORATE BONDS | TOTAL U.S. CORPORATE BONDS |
| (Cost $155,841,904) | (Cost $155,841,904) |  |  |  | 158025413 |
| **FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES - 0.09%** | **FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES - 0.09%** | **FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES - 0.09%** | **FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES - 0.09%** | **FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES - 0.09%** | **FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES - 0.09%** |
| ***Brazil - 0.01%*** | ***Brazil - 0.01%*** | ***Brazil - 0.01%*** | ***Brazil - 0.01%*** | ***Brazil - 0.01%*** | ***Brazil - 0.01%*** |
| $200000 | Brazilian Government International Bond | 4.75% | 01/14/2050 |  | 146100 |
| ***Colombia - 0.01%*** | ***Colombia - 0.01%*** | ***Colombia - 0.01%*** | ***Colombia - 0.01%*** | ***Colombia - 0.01%*** | ***Colombia - 0.01%*** |
| 200000 | Colombia Government International Bond | 4.13% | 05/15/2051 |  | 124300 |
| ***Dominican Republic - 0.01%*** | ***Dominican Republic - 0.01%*** | ***Dominican Republic - 0.01%*** | ***Dominican Republic - 0.01%*** | ***Dominican Republic - 0.01%*** | ***Dominican Republic - 0.01%*** |
| 100000 | Dominican Republic International Bond<sup>(i)</sup> | 5.95% | 01/25/2027 |  | 101205 |
| ***Guatemala - 0.03%*** | ***Guatemala - 0.03%*** | ***Guatemala - 0.03%*** | ***Guatemala - 0.03%*** | ***Guatemala - 0.03%*** | ***Guatemala - 0.03%*** |
| 300000 | Guatemala Government Bond<sup>(i)</sup> | 4.38% | 06/05/2027 |  | 298500 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
| ***Mexico - 0.02%*** | ***Mexico - 0.02%*** | ***Mexico - 0.02%*** | ***Mexico - 0.02%*** | ***Mexico - 0.02%*** |
| $200000 | Mexico Government International Bond | 6.34% | 05/04/2053 | $191150 |
| ***Morocco - 0.01%*** | ***Morocco - 0.01%*** | ***Morocco - 0.01%*** | ***Morocco - 0.01%*** | ***Morocco - 0.01%*** |
| 200000 | Morocco Government International Bond<sup>(i)</sup> | 4.00% | 12/15/2050 | 146435 |
| TOTAL FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES | TOTAL FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES | TOTAL FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES | TOTAL FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES | TOTAL FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES |
| (Cost $1,087,802) | (Cost $1,087,802) |  |  | 1007690 |
| **BANK LOANS - 0.00%<sup>(b)</sup>** | **BANK LOANS - 0.00%<sup>(b)</sup>** | **BANK LOANS - 0.00%<sup>(b)</sup>** | **BANK LOANS - 0.00%<sup>(b)</sup>** | **BANK LOANS - 0.00%<sup>(b)</sup>** |
| ***Canada - 0.00%<sup>(c)</sup>*** | ***Canada - 0.00%<sup>(c)</sup>*** | ***Canada - 0.00%<sup>(c)</sup>*** | ***Canada - 0.00%<sup>(c)</sup>*** | ***Canada - 0.00%<sup>(c)</sup>*** |
| 9 | Garda World Security Corp., First Lien <sup>(b)</sup> | 3M SOFR + 3.75% | 02/01/2029 | 9 |
| ***Cayman Islands - 0.00%<sup>(c)</sup>*** | ***Cayman Islands - 0.00%<sup>(c)</sup>*** | ***Cayman Islands - 0.00%<sup>(c)</sup>*** | ***Cayman Islands - 0.00%<sup>(c)</sup>*** | ***Cayman Islands - 0.00%<sup>(c)</sup>*** |
| 388 | AAdvantage Loyalty IP, Ltd., First Lien <sup>(b)</sup> | 3M SOFR + 3.25% | 05/28/2032 | 390 |
| ***United States - 0.00%<sup>(c)</sup>*** | ***United States - 0.00%<sup>(c)</sup>*** | ***United States - 0.00%<sup>(c)</sup>*** | ***United States - 0.00%<sup>(c)</sup>*** | ***United States - 0.00%<sup>(c)</sup>*** |
| 1559522 | Astra Acquisition Corp., Second Lien - Initial Term Loan<sup>(b)</sup> | 3M SOFR + 8.88% | 10/22/2029 | 6605 |
| 50 | Golden State Foods 10/24 | 3M SOFR + 4.00% | 10/07/2031 | 51 |
| 1000 | STUBHUB HLDGS INC, TL | 1M SOFR + 4.75% | 03/12/2030 | 993 |
| 37787 | Zayo Group Holdings, Inc., First Lien <sup>(b)</sup> | 1M SOFR + 3.00% | 03/11/2030 | 35966 |
|  |  |  |  | 43615 |
| TOTAL BANK LOANS | TOTAL BANK LOANS | TOTAL BANK LOANS | TOTAL BANK LOANS | TOTAL BANK LOANS |
| (Cost $1,578,813) | (Cost $1,578,813) |  |  | 44014 |
| **COLLATERALIZED LOAN OBLIGATIONS - 4.07%** | **COLLATERALIZED LOAN OBLIGATIONS - 4.07%** | **COLLATERALIZED LOAN OBLIGATIONS - 4.07%** | **COLLATERALIZED LOAN OBLIGATIONS - 4.07%** | **COLLATERALIZED LOAN OBLIGATIONS - 4.07%** |
| ***Cayman Islands - 3.60%*** | ***Cayman Islands - 3.60%*** | ***Cayman Islands - 3.60%*** | ***Cayman Islands - 3.60%*** | ***Cayman Islands - 3.60%*** |
|  | Apidos CLO XXIV |  |  |  |
| 1000000 | Series 2018-24A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 6.06% | 10/20/2030 | $1000963 |
|  | Bain Capital Credit CLO 2023-3, Ltd. |  |  |  |
| 500000 | Series 2025-3A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 2.85% | 10/24/2038 | 501355 |
|  | Benefit Street Partners CLO IX, Ltd. |  |  |  |
| 1000000 | Series 2024-9A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 3.10% | 10/20/2037 | 1003106 |
|  | Benefit Street Partners CLO XXXVII, Ltd. |  |  |  |
| 1000000 | Series 2024-37A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 2.85% | 01/25/2038 | 1000592 |
|  | BlueMountain Fuji US CLO II, Ltd. |  |  |  |
| 1000000 | Series 2017-2A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 3.26% | 10/20/2030 | 1001402 |
|  | Buttermilk Park CLO, Ltd. |  |  |  |
| 1000000 | Series 2018-1A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 6.01% | 10/15/2031 | 992002 |
|  | Canyon Capital CLO, Ltd. |  |  |  |
| 1500000 | Series 2018-1A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 5.76% | 01/30/2031 | 1350752 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
| $1000000 | Series 2018-1A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 6.01% | 07/15/2031 | $932622 |
|  | Canyon CLO 2020-1, Ltd. |  |  |  |
| 500000 | Series 2024-1A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 3.10% | 07/15/2034 | 500454 |
|  | Canyon CLO 2021-3, Ltd. |  |  |  |
| 1000000 | Series 2025-3A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 2.85% | 07/15/2034 | 997579 |
|  | Canyon CLO 2021-4, Ltd. |  |  |  |
| 1000000 | Series 2025-4A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 6.00% | 10/15/2034 | 990725 |
|  | Carlyle Global Market Strategies CLO, Ltd. |  |  |  |
| 1000000 | Series 2018-2RA<sup>(b)(h)</sup> | 3M CME TERM SOFR + 5.61% | 05/15/2031 | 998784 |
|  | Carlyle US CLO 2022-5, Ltd. |  |  |  |
| 500000 | Series 2024-5A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 3.15% | 10/15/2037 | 499980 |
|  | Carlyle US CLO 2025-5, Ltd. |  |  |  |
| 500000 | Series 2025-5A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 2.60% | 01/15/2039 | 500000 |
|  | Chenango Park CLO, Ltd. |  |  |  |
| 1000000 | Series 2018-1A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 6.06% | 04/15/2030 | 994413 |
|  | Crown Point CLO IV, Ltd. |  |  |  |
| 500000 | Series 2018-4A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 2.16% | 04/20/2031 | 501452 |
|  | Empower CLO 2022-1, Ltd. |  |  |  |
| 500000 | Series 2024-1A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 3.00% | 10/20/2037 | 499975 |
|  | Kennedy Lewis CLO 12, Ltd. |  |  |  |
| 500000 | Series 2025-12A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 1.33% | 07/20/2038 | 501154 |
|  | Lakeside Park CLO, Ltd. |  |  |  |
| 1000000 | Series 2025-1A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 4.60% | 04/15/2038 | 1001858 |
|  | Lewey Park CLO, Ltd. |  |  |  |
| 500000 | Series 2024-1A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 2.95% | 10/21/2037 | 499024 |
|  | Milos CLO, Ltd. |  |  |  |
| 500000 | Series 2020-1A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 6.41% | 10/20/2030 | 494787 |
|  | Neuberger Berman Loan Advisers Clo 44, Ltd. |  |  |  |
| 500000 | Series 2025-44A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 2.65% | 10/16/2035 | 497568 |
| 1000000 | Series 2025-44A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 5.15% | 10/16/2035 | 989626 |
|  | Neuberger Berman Loan Advisers CLO 46, Ltd. |  |  |  |
| 500000 | Series 2025-46A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 2.65% | 01/20/2037 | 498984 |
|  | Point Au Roche Park CLO, Ltd. |  |  |  |
| 500000 | Series 2021-1A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 6.36% | 07/20/2034 | 498714 |
|  | Sound Point CLO XVIII, Ltd. |  |  |  |
| 2000000 | Series 2018-4A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 2.76% | 01/21/2031 | 1998426 |
|  | Sound Point CLO XXIII |  |  |  |
| 500000 | Series 2021-2A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 3.56% | 07/15/2034 | 500281 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
|  | Sound Point CLO XXIV |  |  |  |
| $1375000 | Series 2021-3A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 6.98% | 10/25/2034 | $979283 |
| 500000 | Series 2021-3A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 3.76% | 10/25/2034 | 483464 |
|  | Sound Point CLO XXVI, Ltd. |  |  |  |
| 500000 | Series 2021-1A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 3.61% | 07/20/2034 | 500394 |
|  | Sound Point CLO XXVIII, Ltd. |  |  |  |
| 1000000 | Series 2020-3A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 7.16% | 01/25/2032 | 957880 |
|  | Sound Point CLO XXXII, Ltd. |  |  |  |
| 500000 | Series 2021-4A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 3.66% | 10/25/2034 | 499961 |
| 500000 | Series 2021-4A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 6.96% | 10/25/2034 | 421167 |
|  | THL Credit Wind River 2017-1 CLO, Ltd. |  |  |  |
| 1400000 | Series 2021-1A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 3.98% | 04/18/2036 | 1402543 |
|  | THL Credit Wind River 2017-3 CLO, Ltd. |  |  |  |
| 500000 | Series 2021-3A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 7.31% | 04/15/2035 | 496426 |
|  | THL Credit Wind River CLO, Ltd. |  |  |  |
| 1000000 | Series 2018-3A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 3.66% | 10/22/2031 | 1005542 |
| 1000000 | Series 2018-3A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 6.48% | 10/22/2031 | 947741 |
|  | Trestles CLO VI, Ltd. |  |  |  |
| 500000 | Series 2025-6A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 1.18% | 04/25/2038 | 498976 |
|  | Trestles CLO VIII, Ltd. |  |  |  |
| 1000000 | Series 2025-8A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 1.33% | 06/11/2035 | 1001109 |
|  | Upland CLO, Ltd. |  |  |  |
| 500000 | Series 2018-1A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 3.16% | 04/20/2031 | 500328 |
|  | Vibrant CLO III, Ltd. |  |  |  |
| 1050000 | Series 2018-3A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 3.76% | 10/20/2031 | 1049862 |
|  | Vibrant CLO IV-R, Ltd. |  |  |  |
| 1000000 | Series 2024-4RA<sup>(b)(h)</sup> | 3M CME TERM SOFR + 3.75% | 10/20/2037 | 1010929 |
|  | Voya CLO 2020-1, Ltd. |  |  |  |
| 1000000 | Series 2021-1A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 6.61% | 07/16/2034 | 983897 |
|  | Voya CLO 2021-1, Ltd. |  |  |  |
| 500000 | Series 2025-1A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 2.80% | 07/15/2034 | 500699 |
|  | Voya CLO 2023-1, Ltd. |  |  |  |
| 1000000 | Series 2025-1A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 1.21% | 01/20/2039 | 999994 |
|  | Voya CLO, Ltd. |  |  |  |
| 1000000 | Series 2018-2A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 5.51% | 07/15/2031 | 922848 |
| 500000 | Series 2018-3A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 6.46% | 10/20/2031 | 465849 |
| 500000 | Series 2018-4A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 6.21% | 07/14/2031 | 492721 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** | **Value** |
|  | Wellfleet CLO 2021-1, Ltd. |  |  |  |  |
| 1000000 | Series 2021-1A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 6.87% | 04/20/2034 | $| 965574 |
|  | Wind River 2021-1 CLO, Ltd. |  |  |  |  |
| 1000000 | Series 2024-1A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 3.95% | 07/20/2037 |  | 999937 |
|  | Wind River 2021-2 CLO, Ltd. |  |  |  |  |
| 500000 | Series 2021-2A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 6.69% | 07/20/2034 |  | 470991 |
|  | Wind River 2021-3 CLO, Ltd. |  |  |  |  |
| 1000000 | Series 2025-3A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 3.00% | 04/20/2038 |  | 999951 |
|  |  |  |  |  | 41304644 |
| ***Jersey - 0.47%*** | ***Jersey - 0.47%*** | ***Jersey - 0.47%*** | ***Jersey - 0.47%*** | ***Jersey - 0.47%*** | ***Jersey - 0.47%*** |
|  | Apidos CLO XXXIX, Ltd. |  |  |  |  |
| 500000 | Series 2025-39A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 1.23% | 10/21/2038 |  | 499984 |
|  | Bain Capital Credit CLO 2019-4, Ltd. |  |  |  |  |
| 500000 | Series 2025-4A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 2.90% | 04/23/2035 |  | 490560 |
|  | Bain Capital Credit CLO 2022-3, Ltd. |  |  |  |  |
| 1000000 | Series 2022-3A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 7.35% | 07/17/2035 |  | 968577 |
|  | Benefit Street Partners CLO XXXII, Ltd. |  |  |  |  |
| 1000000 | Series 2025-32A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 1.21% | 10/25/2038 |  | 1000000 |
|  | Kennedy Lewis CLO 13, Ltd. |  |  |  |  |
| 500000 | Series 2023-13A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 1.80% | 01/20/2037 |  | 500451 |
|  | Storm King Park CLO, Ltd. |  |  |  |  |
| 1000000 | Series 2024-1A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 1.36% | 10/15/2037 |  | 1001392 |
|  | Voya CLO 2022-3, Ltd. |  |  |  |  |
| 1000000 | Series 2025-3A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 2.60% | 10/20/2036 |  | 1001125 |
|  |  |  |  |  | 5462089 |
| TOTAL COLLATERALIZED LOAN OBLIGATIONS | TOTAL COLLATERALIZED LOAN OBLIGATIONS | TOTAL COLLATERALIZED LOAN OBLIGATIONS | TOTAL COLLATERALIZED LOAN OBLIGATIONS | TOTAL COLLATERALIZED LOAN OBLIGATIONS | TOTAL COLLATERALIZED LOAN OBLIGATIONS |
| (Cost $47,491,807) | (Cost $47,491,807) |  |  |  | 46766733 |
| **EQUITY - LINKED NOTES - 0.00%<sup>(c)</sup>** | **EQUITY - LINKED NOTES - 0.00%<sup>(c)</sup>** | **EQUITY - LINKED NOTES - 0.00%<sup>(c)</sup>** | **EQUITY - LINKED NOTES - 0.00%<sup>(c)</sup>** | **EQUITY - LINKED NOTES - 0.00%<sup>(c)</sup>** | **EQUITY - LINKED NOTES - 0.00%<sup>(c)</sup>** |
| ***Spain - 0.00%*** | ***Spain - 0.00%*** | ***Spain - 0.00%*** | ***Spain - 0.00%*** | ***Spain - 0.00%*** | ***Spain - 0.00%*** |
| 263093 | Inverpamplona SA<sup>(d)(l)</sup> | 0.00% | 12/30/2028 |  | – |
| TOTAL EQUITY - LINKED NOTES | TOTAL EQUITY - LINKED NOTES | TOTAL EQUITY - LINKED NOTES | TOTAL EQUITY - LINKED NOTES | TOTAL EQUITY - LINKED NOTES | TOTAL EQUITY - LINKED NOTES |
| (Cost $11,250) | (Cost $11,250) |  |  |  | – |
| **NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS - 17.62%** | **NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS - 17.62%** | **NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS - 17.62%** | **NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS - 17.62%** | **NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS - 17.62%** | **NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS - 17.62%** |
| ***Bermuda - 0.04%*** | ***Bermuda - 0.04%*** | ***Bermuda - 0.04%*** | ***Bermuda - 0.04%*** | ***Bermuda - 0.04%*** | ***Bermuda - 0.04%*** |
|  | Start II, Ltd. |  |  |  |  |
| 46783 | Series 2019-1<sup>(h)</sup> | 6.41% | 03/15/2026 |  | 47068 |
|  | Start, Ltd. |  |  |  |  |
| 224573 | Series 2018-1<sup>(h)</sup> | 4.09% | 05/15/2043 |  | 224644 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** | **Value** |
|  |  | Textainer Marine Containers VII, Ltd. |  |  |  |  |
| $| 219583 | Series 2024-1A<sup>(h)</sup> | 5.25% | 01/20/2036 | $| 220879 |
|  |  |  |  |  |  | 492591 |
| ***Cayman Islands - 2.19%*** | ***Cayman Islands - 2.19%*** | ***Cayman Islands - 2.19%*** | ***Cayman Islands - 2.19%*** | ***Cayman Islands - 2.19%*** | ***Cayman Islands - 2.19%*** | ***Cayman Islands - 2.19%*** |
|  |  | Arbor Realty Commercial Real Estate Notes, Ltd. |  |  |  |  |
|  | 1100000 | Series 2022-FL1<sup>(b)(h)</sup> | 30D US SOFR + 2.30% | 01/15/2027 |  | 1101028 |
|  |  | AREIT |  |  |  |  |
|  | 1150000 | Series 2022-CRE6<sup>(b)(h)</sup> | 30D US SOFR + 3.40% | 01/20/2037 |  | 1148145 |
|  |  | AREIT, Ltd. |  |  |  |  |
|  | 220000 | Series 2024-CRE9<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.54% | 02/17/2029 |  | 220169 |
|  | 700000 | Series 2024-CRE9<sup>(b)(h)</sup> | 1M CME TERM SOFR + 4.29% | 02/17/2029 |  | 694458 |
|  | 910000 | Series 2025-CRE10<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.79% | 01/17/2030 |  | 904869 |
|  |  | Balboa Bay Loan Funding 2025-2, Ltd. |  |  |  |  |
|  | 1000000 | Series 2025-2A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 1.25% | 01/20/2039 |  | 1000000 |
|  |  | BRSP, Ltd. |  |  |  |  |
|  | 131396 | Series 2021-FL1<sup>(b)(h)</sup> | 1M CME TERM SOFR + 1.26% | 08/19/2038 |  | 130930 |
|  |  | Cathedral Lake VIII, Ltd. |  |  |  |  |
|  | 1000000 | Series 2021-8A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 3.68% | 01/20/2035 |  | 1003746 |
|  |  | CIFC Funding 2025-VII, Ltd. |  |  |  |  |
|  | 500000 | Series 2025-7A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 2.60% | 01/22/2039 |  | 500115 |
|  |  | Dryden 40 Senior Loan Fund |  |  |  |  |
|  | 1000000 | Series 2018-40A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 6.01% | 08/15/2031 |  | 867784 |
|  |  | Dryden 45 Senior Loan Fund |  |  |  |  |
|  | 1250000 | Series 2018-45A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 6.11% | 10/15/2030 |  | 1155692 |
|  |  | Greystone CRE Notes, Ltd. |  |  |  |  |
|  | 950000 | Series 2021-FL3<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.31% | 07/15/2039 |  | 923467 |
|  |  | Kestrel Aircraft Funding, Ltd. |  |  |  |  |
|  | 78396 | Series 2018-1A<sup>(h)</sup> | 4.25% | 12/15/2038 |  | 78582 |
|  |  | LCM 28, Ltd. |  |  |  |  |
|  | 1000000 | Series 2018-28A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 6.01% | 10/20/2030 |  | 527681 |
|  |  | LCM Loan Income Fund I Income Note Issuer, Ltd. |  |  |  |  |
|  | 500000 | Series 2018-27A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 5.86% | 07/16/2031 |  | 305735 |
|  |  | LCM XIV LP |  |  |  |  |
|  | 750000 | Series 2018-14A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 5.76% | 07/20/2031 |  | 504736 |
|  |  | LCM XVII LP |  |  |  |  |
|  | 1000000 | Series 2018-17A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 6.26% | 10/15/2031 |  | 590521 |
|  |  | LoanCore Issuer, Ltd. |  |  |  |  |
|  | 625000 | Series 2021-CRE5<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.46% | 07/15/2036 |  | 623854 |
|  | 1000000 | Series 2021-CRE6<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.96% | 11/15/2038 |  | 991213 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
|  |  | MACH 1 Cayman, Ltd. |  |  |  |
| $| 235124 | Series 2019-1<sup>(h)</sup> | 3.47% | 08/15/2026 | $233425 |
|  |  | Magnetite XXIX, Ltd. |  |  |  |
|  | 500000 | Series 2024-29A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 6.00% | 07/15/2037 | 501265 |
|  |  | Magnetite Xxxiii, Ltd. |  |  |  |
|  | 500000 | Series 2024-33A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 3.00% | 10/20/2037 | 498710 |
|  | 1000000 | Series 2024-33A<sup>(b)(h)</sup> | 3M SOFR + 5.55% | 10/20/2037 | 1000257 |
|  |  | MF1, Ltd. |  |  |  |
|  | 300000 | Series 2021-FL7<sup>(b)(h)</sup> | 1M CME TERM SOFR + 1.86% | 10/16/2036 | 296707 |
|  | 937050 | Series 2021-FL7<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.16% | 10/16/2036 | 935421 |
|  | 1090000 | Series 2021-FL7<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.66% | 10/16/2036 | 1087621 |
|  |  | Octagon 59, Ltd. |  |  |  |
|  | 500000 | Series 2022-1A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 7.60% | 05/15/2035 | 468210 |
|  |  | Octagon Investment Partners 26, Ltd. |  |  |  |
|  | 1000000 | Series 2018-1A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 8.35% | 07/15/2030 | 38360 |
|  |  | Octagon Investment Partners 40, Ltd. |  |  |  |
|  | 500000 | Series 2021-1A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 7.26% | 01/20/2035 | 439767 |
|  |  | Octagon Investment Partners 42, Ltd. |  |  |  |
|  | 1000000 | Series 2024-3A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 7.53% | 07/15/2037 | 994992 |
|  |  | Octagon Investment Partners XVI, Ltd. |  |  |  |
|  | 500000 | Series 2018-1A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 3.26% | 07/17/2030 | 504468 |
|  | 1000000 | Series 2018-1A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 6.01% | 07/17/2030 | 889057 |
|  |  | Octagon Investment Partners XXII, Ltd. |  |  |  |
|  | 500000 | Series 2018-1A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 5.71% | 01/22/2030 | 488721 |
|  |  | PFP, Ltd. |  |  |  |
|  | 298659 | Series 2024-11<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.49% | 08/17/2029 | 299310 |
|  | 585375 | Series 2024-11<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.99% | 08/17/2029 | 586634 |
|  |  | RR 2, Ltd. |  |  |  |
|  | 1000000 | Series 2021-2A<sup>(b)(h)</sup> | 3M CME TERM SOFR + 6.06% | 04/15/2036 | 983390 |
|  |  | STWD, Ltd. |  |  |  |
|  | 1080000 | Series 2021-FL2<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.21% | 01/18/2026 | 1082756 |
|  |  | Thunderbolt II Aircraft Lease, Ltd. |  |  |  |
|  | 530674 | Series 2018-A<sup>(h)(m)</sup> | 7.68% | 09/15/2038 | 531795 |
|  |  |  |  |  | 25133591 |
| ***United States - 15.39%*** | ***United States - 15.39%*** | ***United States - 15.39%*** |  |  |  |
|  |  | 1345T |  |  |  |
|  | 420000 | Series 2025-AOA<sup>(b)(h)</sup> | 1M CME TERM SOFR + 3.00% | 06/15/2027 | 421938 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
|  | Aaset 2021-2 Trust |  |  |  |
| $325707 | Series 2021-2A<sup>(h)</sup> | 3.54% | 12/15/2028 | $311310 |
|  | AASET 2024-1 |  |  |  |
| 1014483 | Series 2024-1A<sup>(h)</sup> | 6.90% | 05/16/2031 | 1033559 |
|  | AASET 2024-2, Ltd. |  |  |  |
| 547020 | Series 2024-2A<sup>(h)</sup> | 6.61% | 09/16/2031 | 552995 |
|  | AASET 2025-1 |  |  |  |
| 703368 | Series 2025-1A<sup>(h)</sup> | 6.58% | 02/16/2032 | 712310 |
|  | ABFC Trust |  |  |  |
| 2234191 | Series 2007-WMC1<sup>(b)</sup> | 1M CME TERM SOFR + 1.36% | 06/25/2037 | 1603196 |
|  | Affirm Asset Securitization Trust |  |  |  |
| 900000 | Series 2025-X2<sup>(h)</sup> | 5.23% | 10/15/2030 | 903719 |
|  | Affirm Master Trust |  |  |  |
| 300000 | Series 2025-1A<sup>(h)</sup> | 5.62% | 02/15/2033 | 302323 |
|  | AG Trust |  |  |  |
| 496000 | Series 2024-NLP<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.76% | 08/15/2026 | 499584 |
|  | AMSR |  |  |  |
| 5000000 | Series 2021-SFR1<sup>(h)</sup> | 4.61% | 06/17/2028 | 4792419 |
|  | ARDN Mortgage Trust |  |  |  |
| 500000 | Series 2025-ARCP<sup>(b)(h)</sup> | 1M CME TERM SOFR + 4.50% | 06/15/2027 | 502188 |
|  | Avant Credit Card Master Trust 2025-1 |  |  |  |
| 750000 | Series 2025-1A<sup>(h)</sup> | 5.72% | 10/15/2028 | 748252 |
|  | BANK |  |  |  |
| 10291000 | Series 2018-BN12<sup>(b)(h)(n)</sup> | 1.50% | 05/15/2061 | 291803 |
| 270000 | Series 2022-BNK39 | 3.18% | 01/15/2032 | 245482 |
| 165000 | Series 2022-BNK39<sup>(h)</sup> | 2.50% | 01/15/2032 | 111792 |
| 7984635 | Series 2025-BNK50<sup>(b)(n)</sup> | 0.35% | 05/15/2068 | 223746 |
| 1201000 | Series 2025-BNK51<sup>(h)</sup> | 4.00% | 01/15/2036 | 864590 |
| 7320000 | Series 2025-BNK51<sup>(b)(h)(n)</sup> | 2.13% | 12/25/2067 | 1204382 |
|  | BANK 2019-BNK23 |  |  |  |
| 330000 | Series 2019-BN23 | 2.92% | 12/15/2052 | 312707 |
|  | BANK 2020-BNK27 |  |  |  |
| 16875000 | Series 2020-BN27<sup>(b)(h)(n)</sup> | 0.72% | 04/15/2030 | 454579 |
|  | BANK 2021-BNK35 |  |  |  |
| 316000 | Series 2021-BN35 | 2.29% | 07/15/2031 | 280921 |
|  | BANK 2021-BNK37 |  |  |  |
| 381000 | Series 2021-BN37<sup>(b)</sup> | 3.11% | 11/15/2031 | 315933 |
|  | Bank of America Merrill Lynch Commercial Mortgage Trust 2016-UBS10 |  |  |  |
| 1090000 | Series 2016-UB10<sup>(b)</sup> | 4.87% | 05/15/2026 | 1057673 |
|  | BANK5 |  |  |  |
| 311000 | Series 2024-5YR10 | 5.64% | 10/15/2029 | 319476 |
| 306000 | Series 2024-5YR9 | 5.61% | 08/15/2029 | 318678 |
| 160000 | Series 2025-5YR15<sup>(b)</sup> | 5.76% | 06/15/2030 | 165878 |
| 14545000 | Series 2025-5YR19<sup>(b)(h)(n)</sup> | 1.80% | 12/15/2030 | 1199904 |
| 244000 | Series 2025-5YR19<sup>(b)</sup> | 5.61% | 12/15/2030 | 252769 |
|  | BBCMS Mortgage Trust |  |  |  |
| 500000 | Series 2018-C2<sup>(b)</sup> | 4.96% | 12/15/2028 | 454208 |
| 519000 | Series 2022-C17 | 4.44% | 08/15/2032 | 512509 |
| 5542000 | Series 2024-5C27<sup>(b)(h)(n)</sup> | 2.74% | 06/15/2029 | 470849 |
| 310000 | Series 2024-5C29 | 5.21% | 09/15/2029 | 316994 |
| 233000 | Series 2024-5C29 | 5.51% | 09/15/2029 | 229392 |
| 450000 | Series 2024-5C29<sup>(h)</sup> | 4.00% | 09/15/2029 | 395588 |
| 235000 | Series 2025-5C34 | 5.66% | 04/15/2030 | 246221 |
| 239000 | Series 2025-5C36 | 5.52% | 07/15/2030 | 249503 |
| 155000 | Series 2025-5C37<sup>(b)</sup> | 5.38% | 09/15/2030 | 159096 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
|  | BBCMS Trust |  |  |  |
| $460000 | Series 2018-CBM<sup>(b)(h)</sup> | 1M CME TERM SOFR + 3.85% | 07/15/2037 | $335194 |
|  | BDS LLC |  |  |  |
| 300000 | Series 2022-FL11<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.35% | 03/19/2039 | 300964 |
| 1010000 | Series 2025-FL15<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.40% | 09/19/2030 | 1014359 |
| 1210000 | Series 2025-FL16<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.50% | 11/19/2030 | 1213268 |
|  | Benchmark Mortgage Trust |  |  |  |
| 8232833 | Series 2018-B2<sup>(b)(n)</sup> | 0.43% | 01/15/2028 | 54627 |
| 18884473 | Series 2018-B4<sup>(b)(n)</sup> | 0.46% | 06/15/2028 | 210254 |
| 1589000 | Series 2018-B4<sup>(b)(h)</sup> | 2.76% | 07/15/2028 | 1241476 |
| 300000 | Series 2019-B13 | 2.70% | 08/15/2029 | 284321 |
| 1130000 | Series 2019-B9<sup>(b)</sup> | 4.97% | 01/15/2029 | 1006763 |
| 1510000 | Series 2021-B31<sup>(h)</sup> | 2.25% | 11/15/2031 | 858766 |
| 280000 | Series 2022-B32<sup>(b)</sup> | 3.41% | 01/15/2032 | 246799 |
| 237000 | Series 2023-V3<sup>(b)</sup> | 7.10% | 07/15/2028 | 250306 |
| 320000 | Series 2024-V10 | 5.28% | 09/15/2029 | 329618 |
| 1200000 | Series 2024-V10<sup>(h)</sup> | 4.50% | 09/15/2029 | 1089971 |
| 235000 | Series 2024-V11<sup>(b)</sup> | 5.91% | 10/15/2029 | 247158 |
| 300000 | Series 2024-V8 | 5.71% | 05/15/2029 | 312499 |
| 235000 | Series 2024-V8<sup>(b)</sup> | 6.19% | 06/15/2029 | 248317 |
| 250000 | Series 2024-V8<sup>(h)</sup> | 4.00% | 07/15/2029 | 224001 |
| 305000 | Series 2024-V9 | 5.60% | 08/15/2029 | 317131 |
| 157000 | Series 2025-V15 | 6.18% | 05/15/2030 | 164959 |
| 20129232 | Series 2025-V15<sup>(b)(n)</sup> | 1.12% | 05/25/2030 | 884128 |
| 160000 | Series 2025-V16<sup>(b)</sup> | 5.44% | 07/15/2030 | 166568 |
| 500000 | Series 2025-V16<sup>(h)</sup> | 4.50% | 08/15/2058 | 443766 |
| 160000 | Series 2025-V18 | 5.59% | 10/15/2030 | 164957 |
| 244000 | Series 2025-V19<sup>(b)</sup> | 5.90% | 12/15/2030 | 253144 |
|  | Blackbird Capital II Aircraft Lease, Ltd. |  |  |  |
| 955239 | Series 2021-1A<sup>(h)</sup> | 3.45% | 07/15/2028 | 918656 |
|  | BMO Mortgage Trust |  |  |  |
| 7951000 | Series 2022-C1<sup>(b)(h)(n)</sup> | 1.76% | 02/15/2032 | 753516 |
| 309000 | Series 2024-5C6 | 5.32% | 09/15/2029 | 317994 |
| 207000 | Series 2024-5C7<sup>(b)</sup> | 5.89% | 11/15/2029 | 212984 |
| 6394000 | Series 2024-C9<sup>(b)(h)(n)</sup> | 1.88% | 07/15/2034 | 813576 |
| 236000 | Series 2025-5C11 | 5.94% | 06/15/2030 | 246607 |
| 3440000 | Series 2025-C11<sup>(b)(h)(n)</sup> | 2.21% | 02/15/2035 | 544469 |
|  | BMO MORTGAGE TRUST |  |  |  |
| 160000 | Series 2023-C6 | 6.21% | 01/15/2033 | 171330 |
|  | BPR Trust |  |  |  |
| 191000 | Series 2021-TY<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.46% | 09/15/2038 | 190852 |
|  | BSPRT Issuer LLC |  |  |  |
| 1000000 | Series 2025-FL12<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.70% | 05/17/2030 | 1003532 |
|  | BSPRT Issuer, Ltd. |  |  |  |
| 300000 | Series 2023-FL10<sup>(b)(h)</sup> | 1M CME TERM SOFR + 3.27% | 08/15/2028 | 300714 |
|  | Business Jet Securities 2024-2 LLC |  |  |  |
| 893442 | Series 2024-2A<sup>(h)</sup> | 7.97% | 09/15/2030 | 903721 |
|  | BX Commercial Mortgage Trust |  |  |  |
| 1000000 | Series 2019-IMC<sup>(b)(h)</sup> | 1M CME TERM SOFR + 1.95% | 04/15/2034 | 987149 |
| 469000 | Series 2021-XL2<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.36% | 10/15/2038 | 468846 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
| $629558 | Series 2024-MF<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.69% | 02/15/2026 | $632254 |
| 479142 | Series 2025-BCAT<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.65% | 08/15/2027 | 481547 |
|  | BX Trust |  |  |  |
| 940000 | Series 2019-OC11<sup>(b)(h)</sup> | 3.94% | 12/09/2029 | 874902 |
| 780000 | Series 2021-VIEW<sup>(b)(h)</sup> | 1M CME TERM SOFR + 3.01% | 06/15/2036 | 779708 |
| 510000 | Series 2022-LBA6<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.70% | 01/15/2027 | 510025 |
| 288484 | Series 2024-CNYN<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.69% | 04/15/2041 | 290446 |
| 107482 | Series 2025-ARIA<sup>(b)(h)</sup> | 5.52% | 12/13/2030 | 108410 |
| 1025998 | Series 2025-ROIC<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.94% | 03/15/2027 | 1031313 |
|  | Cantor Commercial Real Estate Lending |  |  |  |
| 1113000 | Series 2019-CF1<sup>(b)(h)</sup> | 4.12% | 05/15/2052 | 147274 |
|  | Cascade MH Asset Trust |  |  |  |
| 4601000 | Series 2019-MH1<sup>(b)(h)</sup> | 5.99% | 11/25/2044 | 4447553 |
|  | Castlelake Aircraft Securitization Trust |  |  |  |
| 3670556 | Series 2018-1<sup>(h)</sup> | 6.63% | 06/15/2043 | 2759832 |
|  | Castlelake Aircraft Structured Trust |  |  |  |
| 2750000 | Series 2019-1A<sup>(b)(h)</sup> | 0.00% | 04/15/2039 | 151250 |
|  | CENT |  |  |  |
| 159000 | Series 2025-CITY<sup>(b)(h)</sup> | 4.92% | 07/10/2030 | 161867 |
|  | Citigroup Commercial Mortgage Trust |  |  |  |
| 225000 | Series 2019-GC41 | 3.20% | 08/10/2029 | 199756 |
|  | Citigroup Mortgage Loan Trust |  |  |  |
| 539893 | Series 2006-WF1<sup>(m)</sup> | 6.58% | 03/25/2036 | 250074 |
|  | Cologix Data Centers US Issuer LLC |  |  |  |
| 2400000 | Series 2021-1A<sup>(h)</sup> | 5.99% | 12/28/2026 | 2364999 |
|  | Commercial Mortgage Pass-Through Certificates |  |  |  |
| 4424590 | Series 2014-UBS4<sup>(h)</sup> | 3.75% | 08/10/2047 | 674 |
| 11000 | Series 2014-UBS4<sup>(b)(d)(h)</sup> | 0.00% | 08/10/2047 | 0 |
|  | Compass Datacenters Issuer II LLC |  |  |  |
| 500000 | Series 2024-2A<sup>(h)</sup> | 6.00% | 08/27/2029 | 505440 |
|  | CSAB Mortgage-Backed Trust |  |  |  |
| 8781274 | Series 2006-2<sup>(m)</sup> | 6.20% | 09/25/2036 | 490057 |
| 112035 | Series 2007-1<sup>(b)</sup> | 5.90% | 05/25/2037 | 23455 |
| 290068 | CSAIL 2015-C1 XA | 0.45% | 04/15/2050 | 3 |
|  | CSAIL Commercial Mortgage Trust |  |  |  |
| 1000000 | Series 2019-C16<sup>(b)</sup> | 4.24% | 06/15/2029 | 955151 |
|  | CSMC |  |  |  |
| 350000 | Series 2021-B33<sup>(b)(h)</sup> | 3.65% | 10/10/2031 | 313644 |
|  | DataBank Issuer |  |  |  |
| 250000 | Series 2021-1A<sup>(h)</sup> | 2.06% | 02/25/2026 | 248883 |
|  | DataBank Issuer II LLC |  |  |  |
| 400000 | Series 2025-1A<sup>(h)</sup> | 5.18% | 09/25/2030 | 394781 |
| 300000 | Series 2025-1A<sup>(h)</sup> | 5.67% | 09/25/2030 | 295715 |
|  | DBC Mortgage Trust |  |  |  |
| 700000 | Series 2025-DBC<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.60% | 11/15/2027 | 704260 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
|  | Del Amo Fashion Center Trust |  |  |  |
| $150000 | Series 2017-AMO<sup>(b)(h)</sup> | 3.64% | 06/05/2027 | $145963 |
|  | Diamond Infrastructure Funding LLC |  |  |  |
| 2000000 | Series 2021-1A<sup>(h)</sup> | 3.48% | 12/20/2026 | 1942459 |
|  | DOLP Trust |  |  |  |
| 220000 | Series 2021-NYC<sup>(b)(h)</sup> | 3.70% | 05/10/2031 | 189293 |
|  | Domino's Pizza Master Issuer LLC |  |  |  |
| 200000 | Series 2025-1A<sup>(h)</sup> | 5.22% | 07/25/2032 | 201883 |
|  | ELP Commercial Mortgage Trust |  |  |  |
| 580000 | Series 2025-ELP<sup>(b)(h)</sup> | 6.45% | 11/13/2030 | 587218 |
|  | Fannie Mae-Aces |  |  |  |
| 22154456 | Series 2019-M12<sup>(b)(n)</sup> | 0.56% | 06/25/2029 | 367531 |
| 12775745 | Series 2019-M24<sup>(b)(n)</sup> | 1.15% | 03/25/2031 | 610833 |
| 35135449 | Series 2019-M7<sup>(b)(n)</sup> | 0.33% | 04/25/2029 | 341766 |
| 25731635 | Series 2020-M10<sup>(b)(n)</sup> | 0.76% | 12/25/2027 | 204278 |
| 46654440 | Series 2020-M10<sup>(b)(n)</sup> | 0.89% | 07/25/2032 | 1901000 |
| 12287709 | Series 2020-M13<sup>(b)(n)</sup> | 1.23% | 09/25/2030 | 378904 |
| 332075148 | Series 2021-M17<sup>(b)(n)</sup> | 0.07% | 07/25/2031 | 1107637 |
|  | FMC GMSR Issuer Trust |  |  |  |
| 6000000 | Series 2021-GT1<sup>(b)(h)</sup> | 4.36% | 07/25/2026 | 5799316 |
| 5000000 | Series 2021-GT2<sup>(b)(h)</sup> | 4.44% | 10/25/2026 | 4824524 |
| 40601922 | FNA 2021-M23 X1 | 0.57% | 11/01/2031 | 704987 |
|  | FREMF Mortgage Trust |  |  |  |
| 709905 | Series 2018-KF56<sup>(b)(h)</sup> | 30D US SOFR + 5.91% | 11/25/2028 | 641853 |
| 1267813 | Series 2019-KF71<sup>(b)(h)</sup> | 30D US SOFR + 6.11% | 10/25/2029 | 1227294 |
|  | FRTKL |  |  |  |
| 4050000 | Series 2021-SFR1<sup>(h)</sup> | 4.11% | 09/17/2026 | 3960302 |
|  | FS Rialto Issuer LLC |  |  |  |
| 1200000 | Series 2024-FL9<sup>(b)(h)</sup> | 1M CME TERM SOFR + 3.94% | 04/19/2030 | 1195465 |
| 1110000 | Series 2025-FL10<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.70% | 08/19/2042 | 1096655 |
|  | Ginnie Mae Strip |  |  |  |
| 6711671 | Series 2020-3<sup>(n)</sup> | 1.40% | 09/16/2045 | 389727 |
|  | Government National Mortgage Association |  |  |  |
| 9017398 | Series 2024-170<sup>(b)(n)</sup> | 0.76% | 10/16/2065 | 559632 |
| 7632858 | Series 2024-170<sup>(b)(n)</sup> | 1.00% | 03/16/2066 | 565642 |
|  | GreenSky Home Improvement Issuer Trust |  |  |  |
| 241611 | Series 2024-2<sup>(h)</sup> | 5.55% | 10/27/2059 | 244261 |
| 483222 | Series 2024-2<sup>(h)</sup> | 8.75% | 10/27/2059 | 502791 |
|  | GreenSky Home Improvement Issuer Trust 2025-3 |  |  |  |
| 800000 | Series 2025-3A<sup>(h)</sup> | 7.83% | 12/27/2060 | 801990 |
|  | GS Mortgage Securities Corp. Trust |  |  |  |
| 1000000 | Series 2018-RIVR<sup>(b)(h)</sup> | 1M CME TERM SOFR + 1.85% | 07/15/2035 | 3250 |
|  | GS Mortgage Securities Trust |  |  |  |
| 121248 | Series 2011-GC5<sup>(b)(h)(n)</sup> | 0.00% | 08/10/2044 | 86 |
| 1300000 | Series 2014-GC26<sup>(b)(h)</sup> | 4.44% | 11/10/2047 | 532987 |
| 467627 | Series 2015-GC28<sup>(b)(h)</sup> | 4.42% | 02/10/2048 | 448242 |
| 828000 | Series 2018-GS10<sup>(b)</sup> | 4.36% | 07/10/2028 | 761824 |
| 1954000 | Series 2018-TWR<sup>(b)(h)</sup> | 1M CME TERM SOFR + 4.22% | 07/15/2031 | 163131 |
| 636000 | Series 2020-GC45<sup>(b)</sup> | 3.41% | 12/13/2029 | 581649 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
|  | GSAA Home Equity Trust |  |  |  |
| $1727814 | Series 2006-13<sup>(b)</sup> | 6.04% | 07/25/2036 | $474433 |
| 427256 | Series 2006-18<sup>(m)</sup> | 6.18% | 11/25/2036 | 95029 |
| 127882 | Series 2006-6<sup>(b)</sup> | 5.69% | 03/25/2036 | 34554 |
| 773350 | Series 2007-2<sup>(m)</sup> | 6.60% | 03/25/2037 | 165602 |
|  | GSCG Trust |  |  |  |
| 675000 | Series 2019-600C<sup>(b)(h)</sup> | 3.99% | 09/06/2034 | 3335 |
|  | Hardee's Funding LLC |  |  |  |
| 927500 | Series 2018-1A<sup>(h)</sup> | 5.71% | 06/20/2028 | 923611 |
|  | Hilton USA Trust |  |  |  |
| 900000 | Series 2016-SFP<sup>(h)</sup> | 2.83% | 11/05/2035 | 780317 |
|  | HSI Asset Securitization Corp. Trust |  |  |  |
| 5168418 | Series 2006-HE1<sup>(b)</sup> | 1M CME TERM SOFR + 0.39% | 10/25/2036 | 1382158 |
| 1070168 | Series 2007-NC1<sup>(b)</sup> | 1M CME TERM SOFR + 0.47% | 04/25/2037 | 704599 |
|  | JP Morgan BB Commercial Mortgage Securities Trust |  |  |  |
| 947902 | Series 2015-C30<sup>(b)(n)</sup> | 0.00% | 07/15/2048 | 9 |
| 107003 | Series 2015-C31<sup>(b)(n)</sup> | 0.44% | 08/15/2048 | 2 |
|  | JP Morgan Chase Commercial Mortgage Securities Trust |  |  |  |
| 321000 | Series 2019-UES<sup>(b)(h)</sup> | 4.45% | 05/05/2032 | 298812 |
|  | JP Morgan Mortgage Acquisition Corp. |  |  |  |
| 152394 | Series 2006-CH2<sup>(m)</sup> | 5.96% | 09/25/2029 | 91101 |
|  | JP Morgan Mortgage Acquisition Trust |  |  |  |
| 3204857 | Series 2006-RM1<sup>(b)</sup> | 1M CME TERM SOFR + 0.59% | 08/25/2036 | 1428629 |
|  | JPMBB Commercial Mortgage Securities Trust |  |  |  |
| 2387619 | Series 2014-C24<sup>(b)(n)</sup> | 0.70% | 11/15/2047 | 24 |
|  | JPMCC Commercial Mortgage Securities Trust |  |  |  |
| 330000 | Series 2017-JP7<sup>(b)</sup> | 3.67% | 07/15/2027 | 289526 |
| 781000 | Series 2019-COR5 | 3.87% | 05/13/2029 | 703579 |
|  | Laurel Road Prime Student Loan Trust |  |  |  |
| 9006350 | Series 2020-A<sup>(h)</sup> | 0.00% | 11/25/2050 | 955628 |
|  | LMNT CRE LLC |  |  |  |
| 1120000 | Series 2025-FL3<sup>(b)(h)</sup> | 1M CME TERM SOFR + 3.60% | 05/21/2031 | 1122790 |
|  | Lmrk Issuer Co. 2 LLC |  |  |  |
| 950000 | Series 2025-1A<sup>(h)</sup> | 8.12% | 09/15/2030 | 955999 |
|  | LoanCore 2025 Issuer LLC |  |  |  |
| 640000 | Series 2025-CRE8<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.74% | 02/01/2030 | 636305 |
|  | Mariner Finance issuance Trust 2024-B |  |  |  |
| 850000 | Series 2024-BA<sup>(h)</sup> | 4.91% | 10/20/2030 | 864686 |
|  | Master Asset Backed Securities Trust |  |  |  |
| 3570255 | Series 2006-NC3<sup>(b)</sup> | 1M CME TERM SOFR + 0.53% | 10/25/2036 | 1724139 |
|  | Merrill Lynch Mortgage Investors Trust |  |  |  |
| 9470281 | Series 2006-RM3<sup>(b)</sup> | 1M CME TERM SOFR + 0.59% | 06/25/2037 | 1988924 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
|  | MetroNet Infrastructure Issuer LLC |  |  |  |
| $1000000 | Series 2025-2A<sup>(h)</sup> | 7.83% | 08/20/2030 | $1029548 |
|  | MF1 |  |  |  |
| 1000000 | Series 2024-FL15<sup>(b)(h)</sup> | 1M CME TERM SOFR + 4.04% | 08/18/2041 | 1003222 |
|  | MF1 LLC |  |  |  |
| 300000 | Series 2024-FL14<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.24% | 03/19/2039 | 301005 |
| 1350000 | Series 2024-FL14<sup>(b)(h)</sup> | 1M CME TERM SOFR + 4.84% | 03/19/2039 | 1357493 |
| 900000 | Series 2024-FL14<sup>(b)(h)</sup> | 1M CME TERM SOFR + 6.29% | 03/19/2039 | 893795 |
| 780000 | Series 2025-FL17<sup>(b)(h)</sup> | 1M CME TERM SOFR + 3.49% | 02/18/2040 | 783374 |
| 680000 | Series 2025-FL17<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.74% | 02/21/2040 | 682777 |
|  | MHC Commercial Mortgage Trust |  |  |  |
| 8472 | Series 2021-MHC<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.22% | 04/15/2026 | 8478 |
|  | Morgan Stanley Capital I Trust |  |  |  |
| 997246 | Series 2016-UB11 XA<sup>(b)(n)</sup> | 1.43% | 08/15/2026 | 2850 |
| 1117000 | Series 2018-L1<sup>(b)</sup> | 4.79% | 10/15/2028 | 1034561 |
| 330000 | Series 2021-L6<sup>(b)</sup> | 3.43% | 07/15/2031 | 280565 |
| 10249000 | Series 2021-L7<sup>(b)(h)(n)</sup> | 0.92% | 10/15/2031 | 489656 |
|  | Morgan Stanley Mortgage Loan Trust |  |  |  |
| 307121 | Series 2007-3XS<sup>(m)</sup> | 6.20% | 01/25/2047 | 107236 |
|  | Mosaic Solar Loan Trust |  |  |  |
| 34555 | Series 2017-1A<sup>(h)</sup> | 4.45% | 06/20/2042 | 34009 |
| 166546 | Series 2018-1A<sup>(h)</sup> | 4.01% | 08/20/2030 | 160552 |
| 222387 | Series 2020-2A<sup>(h)</sup> | 3.00% | 08/20/2046 | 199001 |
|  | MSBAM Commercial Mortgage Securities Trust |  |  |  |
| 678398 | Series 2012-CKSV<sup>(h)</sup> | 3.28% | 10/15/2030 | 653630 |
|  | MVW 2021-1W LLC |  |  |  |
| 208533 | Series 2021-1WA<sup>(h)</sup> | 1.94% | 01/22/2041 | 201622 |
| 241899 | Series 2021-1WA<sup>(h)</sup> | 3.17% | 01/22/2041 | 234073 |
|  | Natixis Commercial Mortgage Securities Trust |  |  |  |
| 520000 | Series 2019-10K<sup>(b)(h)</sup> | 4.14% | 05/15/2029 | 484668 |
|  | NJ |  |  |  |
| 160000 | Series 2025-WBRK<sup>(b)(h)</sup> | 5.87% | 03/05/2030 | 166359 |
|  | NJ Trust |  |  |  |
| 275000 | Series 2023-GSP<sup>(b)(h)</sup> | 6.48% | 01/06/2029 | 288566 |
|  | NYC Commercial Mortgage Trust |  |  |  |
| 499000 | Series 2025-300P<sup>(b)(h)</sup> | 7.39% | 07/13/2030 | 507055 |
| 820000 | Series 2025-3BP<sup>(b)(h)</sup> | 1M CME TERM SOFR + 3.54% | 02/15/2027 | 821116 |
|  | ONE Mortgage Trust |  |  |  |
| 200000 | Series 2021-PARK<sup>(b)(h)</sup> | 1M CME TERM SOFR + 1.21% | 03/15/2036 | 199281 |
|  | PENN Commercial Mortgage Trust |  |  |  |
| 450000 | Series 2025-P11<sup>(b)(h)</sup> | 7.38% | 08/10/2030 | 467827 |
|  | People's Choice Home Loan Securities Trust |  |  |  |
| 4826425 | Series 2005-4<sup>(b)</sup> | 1M CME TERM SOFR + 0.76% | 12/25/2035 | 3635622 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
|  | Pret LLC |  |  |  |
| $3000000 | Series 2025-NPL7<sup>(h)(m)</sup> | 8.35% | 07/25/2028 | $3019020 |
|  | Progress Residential |  |  |  |
| 2500000 | Series 2021-SFR3<sup>(h)</sup> | 4.75% | 05/17/2026 | 2491165 |
|  | Progress Residential |  |  |  |
| 6900000 | Series 2021-SFR8<sup>(h)</sup> | 4.01% | 10/17/2026 | 6806652 |
| 5000000 | Series 2024-SFR2<sup>(b)(h)</sup> | 3.65% | 04/17/2029 | 4735970 |
|  | RCKT Trust 2025-PL1 |  |  |  |
| 1100000 | Series 2025-1A<sup>(h)</sup> | 7.12% | 07/25/2034 | 1107741 |
|  | Ready Capital Mortgage Financing LLC |  |  |  |
| 900000 | Series 2023-FL12<sup>(b)(h)</sup> | 1M CME TERM SOFR + 4.55% | 04/25/2027 | 897539 |
|  | REDAPTIVE EAAS ISSUER 2025-1 LLC |  |  |  |
| 250000 | Series 2025-1A<sup>(h)</sup> | 5.94% | 10/25/2033 | 250679 |
|  | Retained Vantage Data Centers Issuer LLC |  |  |  |
| 2500000 | Series 2023-1A<sup>(h)</sup> | 5.75% | 09/15/2028 | 2505088 |
|  | Scalelogix Abs Us Issuer LLC |  |  |  |
| 350000 | Series 2025-1A<sup>(h)</sup> | 6.16% | 07/25/2030 | 348276 |
|  | Signal Rail I LLC |  |  |  |
| 206545 | Series 2021-1<sup>(h)</sup> | 2.23% | 08/17/2028 | 193924 |
|  | SLG Office Trust |  |  |  |
| 220000 | Series 2021-OVA<sup>(h)</sup> | 2.85% | 07/15/2031 | 190377 |
|  | SMB Private Education Loan Trust |  |  |  |
| 51246 | Series 2018-B<sup>(b)(h)</sup> | 1M CME TERM SOFR + 0.83% | 08/15/2027 | 51215 |
|  | Sofi Alternative Consumer Loan Program |  |  |  |
| 50000 | Series 2021-2<sup>(h)</sup> | 0.00% | 08/15/2030 | 252184 |
|  | Sofi Professional Loan Program Trust |  |  |  |
| 80000 | Series 2018-C<sup>(h)</sup> | 0.00% | 01/25/2048 | 600614 |
|  | Sprite, Ltd. |  |  |  |
| 153002 | Series 2021-1<sup>(h)</sup> | 3.75% | 10/15/2028 | 150329 |
|  | Stack Infrastructure Issuer LLC |  |  |  |
| 250000 | Series 2025-1A<sup>(h)</sup> | 5.00% | 05/28/2030 | 247391 |
|  | Stellantis Financial Underwritten Enhanced Lease Trust 2025-C |  |  |  |
| 150000 | Series 2025-CA<sup>(h)</sup> | 4.06% | 09/20/2027 | 150260 |
|  | STWD LLC |  |  |  |
| 960000 | Series 2025-FL4<sup>(b)(h)</sup> | 1M CME TERM SOFR + 2.65% | 11/19/2042 | 963352 |
|  | Subway Funding LLC |  |  |  |
| 247500 | Series 2024-1A<sup>(h)</sup> | 6.51% | 07/30/2034 | 256012 |
|  | Sunnova Helios VII Issuer LLC |  |  |  |
| 954658 | Series 2021-C<sup>(h)</sup> | 2.63% | 10/20/2028 | 489123 |
|  | Switch ABS Issuer LLC |  |  |  |
| 440000 | Series 2024-2A<sup>(h)</sup> | 5.44% | 06/25/2029 | 441943 |
| 1000000 | Series 2024-2A<sup>(h)</sup> | 10.03% | 06/25/2029 | 1035017 |
|  | TIF Funding II LLC |  |  |  |
| 240833 | Series 2021-1A<sup>(h)</sup> | 1.65% | 02/20/2031 | 221088 |
|  | Tricon Residential |  |  |  |
| 3700000 | Series 2021-SFR1<sup>(h)</sup> | 4.13% | 07/17/2026 | 3663471 |
| 2896196 | Series 2025-SFR2<sup>(h)</sup> | 5.20% | 08/17/2032 | 2949345 |
|  | UBS Commercial Mortgage Trust |  |  |  |
| 31908500 | Series 2017-C3<sup>(b)(n)</sup> | 0.40% | 08/15/2050 | 221866 |
| 350000 | Series 2017-C4<sup>(b)</sup> | 4.24% | 09/15/2027 | 336718 |
| 530000 | Series 2018-C11<sup>(b)</sup> | 4.71% | 06/15/2028 | 504447 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
| $1023000 | Series 2018-C13<sup>(b)</sup> | 4.99% | 10/15/2028 | $951250 |
| 1099000 | Series 2018-C8<sup>(b)</sup> | 4.68% | 02/15/2028 | 1026066 |
|  | UBS-Barclays Commercial Mortgage Trust |  |  |  |
| 315000 | Series 2013-C5<sup>(b)(h)</sup> | 3.72% | 03/10/2046 | 294902 |
|  | Upstart Securitization Trust |  |  |  |
| 153840 | Series 2021-4<sup>(h)</sup> | 3.19% | 03/20/2026 | 153165 |
| 826645 | Series 2022-4<sup>(h)</sup> | 8.68% | 02/20/2027 | 829058 |
|  | US Auto Funding 2021-1 |  |  |  |
| 246817 | Series 2021-1A<sup>(h)</sup> | 2.20% | 05/15/2026 | 205061 |
|  | USQ Rail II LLC |  |  |  |
| 618591 | Series 2021-3A<sup>(h)</sup> | 2.21% | 06/28/2027 | 595886 |
|  | Vantage Data Centers Issuer LLC |  |  |  |
| 1600000 | Series 2025-3A<sup>(h)</sup> | 6.00% | 01/15/2031 | 1599729 |
|  | Velocity Commercial Capital Loan Trust |  |  |  |
| 113367 | Series 2018-2<sup>(b)(h)</sup> | 4.05% | 10/26/2048 | 111499 |
| 313719 | Series 2019-1<sup>(b)(h)</sup> | 3.94% | 01/25/2027 | 297247 |
| 182162 | Series 2019-1<sup>(b)(h)</sup> | 4.01% | 07/25/2027 | 170839 |
| 139854 | Series 2019-1<sup>(b)(h)</sup> | 4.12% | 11/25/2027 | 129569 |
| 1010042 | Series 2021-2<sup>(b)(h)</sup> | 4.92% | 12/25/2030 | 735378 |
|  | Vital Care Issuer LLC |  |  |  |
| 600000 | Series 2025-1A<sup>(h)</sup> | 6.74% | 01/30/2031 | 606870 |
|  | VOLT XCVI LLC |  |  |  |
| 416659 | Series 2021-NPL5<sup>(h)(m)</sup> | 8.83% | 03/27/2051 | 417050 |
|  | Wachovia Bank Commercial Mortgage Trust |  |  |  |
| 371 | Series 2006-C29<sup>(b)(n)</sup> | 0.29% | 11/15/2048 | 1 |
|  | Wells Fargo Commercial Mortgage Trust |  |  |  |
| 230525 | Series 2015-NXS4<sup>(b)</sup> | 3.91% | 11/15/2025 | 226608 |
| 1000000 | Series 2016-C33<sup>(h)</sup> | 3.12% | 03/15/2059 | 917664 |
| 5628945 | Series 2016-C37<sup>(b)(h)(n)</sup> | 1.60% | 12/15/2049 | 76513 |
| 1100000 | Series 2018-C45 | 4.73% | 06/15/2028 | 1058505 |
| 134000 | Series 2020-C55 | 3.14% | 02/15/2030 | 122263 |
| 159000 | Series 2024-5C1 | 5.93% | 07/15/2057 | 166580 |
| 234000 | Series 2025-5C4 | 5.67% | 05/15/2030 | 245261 |
| 238000 | Series 2025-5C5 | 5.92% | 07/15/2030 | 248224 |
| 240000 | Series 2025-5C6<sup>(b)</sup> | 5.83% | 09/15/2030 | 241122 |
| 245000 | Series 2025-5C7<sup>(b)</sup> | 5.86% | 11/15/2030 | 252707 |
| 1000000 | Series 2025-5C7<sup>(b)</sup> | 5.80% | 11/15/2030 | 1000200 |
|  | WFRBS Commercial Mortgage Trust |  |  |  |
| 94113 | Series 2013-C14 | 3.49% | 06/15/2046 | 92518 |
|  | WF-RBS Commercial Mortgage Trust |  |  |  |
| 392152 | Series 2014-C22<sup>(b)(n)</sup> | 0.24% | 09/15/2057 | 45 |
|  | WHARF Commercial Mortgage Trust |  |  |  |
| 500000 | Series 2025-DC<sup>(b)(h)</sup> | 7.72% | 07/15/2030 | 508534 |
|  | Willis Engine Structured Trust V |  |  |  |
| 696067 | Series 2020-A<sup>(h)</sup> | 3.23% | 03/15/2028 | 674984 |
|  | Willis Engine Structured Trust VI |  |  |  |
| 1193800 | Series 2021-A<sup>(h)</sup> | 7.39% | 05/15/2029 | 1176390 |
|  |  |  |  | 176707598 |
| TOTAL NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS | TOTAL NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS | TOTAL NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS | TOTAL NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS | TOTAL NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS |
| (Cost $229,667,016) | (Cost $229,667,016) |  |  | 202333780 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
| **U.S. GOVERNMENT BONDS AND NOTES - 7.59%** | **U.S. GOVERNMENT BONDS AND NOTES - 7.59%** | **U.S. GOVERNMENT BONDS AND NOTES - 7.59%** | **U.S. GOVERNMENT BONDS AND NOTES - 7.59%** | **U.S. GOVERNMENT BONDS AND NOTES - 7.59%** |
| ***United States - 7.59%*** | ***United States - 7.59%*** | ***United States - 7.59%*** | ***United States - 7.59%*** | ***United States - 7.59%*** |
| $5000000 | U.S. Treasury Bonds | 0.63% | 05/15/2030 | $4388769 |
| 20650000 | U.S. Treasury Bonds | 0.88% | 11/15/2030 | 18055037 |
| 18800000 | U.S. Treasury Bonds | 3.88% | 08/15/2034 | 18514695 |
| 3000000 | U.S. Treasury Bonds | 1.13% | 05/15/2040 | 1904648 |
| 5100000 | U.S. Treasury Bonds | 1.13% | 08/15/2040 | 3205430 |
| 11400000 | U.S. Treasury Bonds | 1.88% | 02/15/2041 | 7968422 |
| 9550000 | U.S. Treasury Bonds | 1.75% | 08/15/2041 | 6447183 |
| 3450000 | U.S. Treasury Bonds | 1.25% | 05/15/2050 | 1652631 |
| 12700000 | U.S. Treasury Bonds | 1.38% | 08/15/2050 | 6247557 |
| 4400000 | U.S. Treasury Bonds | 1.88% | 02/15/2051 | 2460133 |
| 984910 | U.S. Treasury Inflation Indexed Bonds<sup>(o)</sup> | 0.38% | 07/15/2027 | 973639 |
| 4000000 | U.S. Treasury Notes | 0.75% | 03/31/2026 | 3973904 |
| 6800000 | U.S. Treasury Notes | 0.75% | 01/31/2028 | 6430117 |
| 3000000 | U.S. Treasury Notes | 0.63% | 08/15/2030 | 2610938 |
| 1274933 | United States Treasury Inflation Indexed Bonds | 1.63% | 10/15/2027 | 1284795 |
| 1003139 | United States Treasury Inflation Indexed Bonds | 0.50% | 01/15/2028 | 985691 |
|  |  |  |  | 87103589 |
| TOTAL U.S. GOVERNMENT BONDS AND NOTES | TOTAL U.S. GOVERNMENT BONDS AND NOTES | TOTAL U.S. GOVERNMENT BONDS AND NOTES | TOTAL U.S. GOVERNMENT BONDS AND NOTES | TOTAL U.S. GOVERNMENT BONDS AND NOTES |
| (Cost $86,872,024) | (Cost $86,872,024) |  |  | 87103589 |
| **MORTGAGE-BACKED SECURITIES - 5.37%** | **MORTGAGE-BACKED SECURITIES - 5.37%** | **MORTGAGE-BACKED SECURITIES - 5.37%** | **MORTGAGE-BACKED SECURITIES - 5.37%** | **MORTGAGE-BACKED SECURITIES - 5.37%** |
| ***United States - 5.37%*** | ***United States - 5.37%*** | ***United States - 5.37%*** | ***United States - 5.37%*** | ***United States - 5.37%*** |
|  | Fannie Mae Pool |  |  |  |
| 1464885 | Series 2021- | 2.00% | 05/01/2051 | 1211886 |
| 2535293 | Series 2021- | 2.50% | 08/01/2051 | 2193021 |
| 1364343 | Series 2022- | 4.50% | 11/01/2052 | 1337671 |
| 2210381 | Series 2023- | 2.50% | 03/01/2052 | 1906799 |
| 2134531 | Series 2023- | 2.50% | 04/01/2052 | 1841953 |
| 1749974 | Series 2023- | 6.00% | 10/01/2053 | 1821108 |
| 2758000 | Series 2024- | 4.97% | 07/01/2031 | 2794824 |
| 1824554 | Series 2024- | 3.00% | 07/01/2052 | 1636870 |
| 1641690 | Series 2024- | 5.50% | 03/01/2054 | 1684606 |
| 1664521 | Series 2024- | 5.50% | 06/01/2054 | 1715665 |
| 1235740 | Series 2024- | 6.00% | 06/01/2054 | 1283566 |
| 940546 | Series 2024- | 6.00% | 08/01/2054 | 982859 |
| 1475958 | Series 2025- | 4.48% | 06/01/2030 | 1487912 |
| 1433129 | Series 2025- | 5.11% | 01/01/2032 | 1472014 |
| 1431156 | Series 2025- | 5.48% | 04/01/2041 | 1483747 |
| 1756013 | Series 2025- | 2.50% | 06/01/2052 | 1496471 |
| 3164432 | Series 2025- | 6.00% | 06/01/2054 | 3284671 |
| 801225 | Series 2025- | 6.00% | 10/01/2054 | 832162 |
| 948326 | Series 2025- | 5.00% | 04/01/2055 | 958683 |
| 2115382 | Series 2025- | 5.50% | 09/01/2055 | 2152489 |
|  | Freddie Mac Pool |  |  |  |
| 1421155 | Series 2021- | 2.00% | 05/01/2051 | 1159823 |
| 2244289 | Series 2022- | 3.00% | 03/01/2052 | 2021695 |
| 1774940 | Series 2022- | 2.50% | 04/01/2052 | 1530104 |
| 1450436 | Series 2022- | 5.00% | 12/01/2052 | 1453311 |
| 816520 | Series 2023- | 2.00% | 02/01/2052 | 676231 |
| 1214246 | Series 2023- | 5.50% | 04/01/2053 | 1253213 |
| 1321672 | Series 2023- | 5.00% | 05/01/2053 | 1331473 |
| 1235307 | Series 2023- | 6.00% | 11/01/2053 | 1300165 |
| 956263 | Series 2024- | 5.00% | 11/01/2053 | 957470 |
| 1820600 | Series 2024- | 5.50% | 02/01/2054 | 1877660 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** | **Value** |
| $| 959631 | Series 2025- | 6.00% | 12/01/2054 | $| 995298 |
|  | 2053680 | Series 2025- | 6.00% | 04/01/2055 |  | 2128043 |
|  | 1134614 | Series 2025- | 5.50% | 04/01/2055 |  | 1169691 |
|  |  | Ginnie Mae I Pool |  |  |  |  |
|  | 2385656 | Series 2012- | 3.50% | 09/15/2042 |  | 2215195 |
|  |  | Ginnie Mae II Pool |  |  |  |  |
|  | 2285317 | Series 2021- | 3.00% | 11/20/2051 |  | 2041712 |
|  | 1878667 | Series 2022- | 3.00% | 04/20/2052 |  | 1674834 |
|  | 1722123 | Series 2025- | 2.50% | 10/20/2050 |  | 1471790 |
|  | 1235623 | Series 2025- | 3.00% | 05/20/2051 |  | 1115379 |
|  | 1972715 | Series 2025- | 2.50% | 03/20/2052 |  | 1695233 |
|  |  |  |  |  |  | 61647297 |
| TOTAL MORTGAGE-BACKED SECURITIES | TOTAL MORTGAGE-BACKED SECURITIES | TOTAL MORTGAGE-BACKED SECURITIES | TOTAL MORTGAGE-BACKED SECURITIES | TOTAL MORTGAGE-BACKED SECURITIES | TOTAL MORTGAGE-BACKED SECURITIES | TOTAL MORTGAGE-BACKED SECURITIES |
| (Cost $61,018,471) | (Cost $61,018,471) | (Cost $61,018,471) |  |  |  | 61647297 |
| **U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES - 27.52%** | **U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES - 27.52%** | **U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES - 27.52%** | **U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES - 27.52%** | **U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES - 27.52%** | **U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES - 27.52%** | **U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES - 27.52%** |
| ***United States - 27.52%*** | ***United States - 27.52%*** | ***United States - 27.52%*** | ***United States - 27.52%*** | ***United States - 27.52%*** | ***United States - 27.52%*** | ***United States - 27.52%*** |
|  |  | Alternative Loan Trust |  |  |  |  |
|  | 107410 | Series 2005-20CB | 5.50% | 07/25/2035 |  | 84914 |
|  | 54262 | Series 2005-54CB | 5.50% | 11/25/2035 |  | 28458 |
|  | 509834 | Series 2005-85CB<sup>(b)</sup> | 1M CME TERM SOFR + 1.21% | 02/25/2036 |  | 394261 |
|  | 107669 | Series 2005-85CB<sup>(b)</sup> | 21.21% - 1M CME TERM SOFR | 02/25/2036 |  | 88978 |
|  | 166463 | Series 2005-86CB | 5.50% | 02/25/2036 |  | 92523 |
|  | 108789 | Series 2005-9CB<sup>(b)</sup> | 1M CME TERM SOFR + 0.61% | 05/25/2035 |  | 96633 |
|  | 195524 | Series 2005-9CB<sup>(b)(n)</sup> | 4.94% - 1M CME TERM SOFR | 05/25/2035 |  | 11111 |
|  | 1004638 | Series 2006-15CB | 6.50% | 06/25/2036 |  | 449858 |
|  | 90079 | Series 2006-30T1 | 6.25% | 11/25/2036 |  | 65857 |
|  | 89340 | Series 2006-32CB | 5.50% | 11/25/2036 |  | 46218 |
|  | 220734 | Series 2006-36T2<sup>(b)</sup> | 27.53% - 1M CME TERM SOFR | 12/25/2036 |  | 135450 |
|  | 781346 | Series 2007-19 | 6.00% | 08/25/2037 |  | 355617 |
|  | 2611965 | Series 2007-20 | 6.25% | 08/25/2047 |  | 1383620 |
|  | 711908 | Series 2007-23CB<sup>(b)</sup> | 1M CME TERM SOFR + 0.61% | 09/25/2037 |  | 242974 |
|  | 684931 | Series 2007-23CB<sup>(b)(n)</sup> | 6.39% - 1M CME TERM SOFR | 09/25/2037 |  | 111037 |
|  |  | American Home Mortgage Investment Trust |  |  |  |  |
|  | 157985 | Series 2007-A<sup>(h)(m)</sup> | 6.60% | 01/25/2037 |  | 21602 |
|  |  | Banc of America Funding |  |  |  |  |
|  | 1327070 | Series 2014-R8<sup>(b)(h)</sup> | 1M CME TERM SOFR + 0.35% | 06/26/2036 |  | 1106525 |
|  |  | Banc of America Funding Trust |  |  |  |  |
|  | 23869 | Series 2006-2 | 5.50% | 03/25/2036 |  | 23926 |
|  |  | BCAP, LLC Trust |  |  |  |  |
|  | 93371 | Series 2007-AA2<sup>(b)</sup> | 7.50% | 04/25/2037 |  | 45202 |
|  | 60580 | Series 2007-AA2 | 6.00% | 04/25/2037 |  | 26105 |
|  | 4597224 | Series 2010-RR6<sup>(b)(h)</sup> | 3.15% | 07/26/2036 |  | 2090795 |
|  |  | Bear Stearns ALT-A Trust |  |  |  |  |
|  | 644913 | Series 2006-6<sup>(b)</sup> | 4.14% | 11/25/2036 |  | 272699 |
|  |  | Bear Stearns Asset-Backed Securities Trust |  |  |  |  |
|  | 1059627 | Series 2006-AC1<sup>(m)</sup> | 6.25% | 02/25/2036 |  | 474722 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
|  | Bear Stearns Structured Products, Inc. |  |  |  |
| $6785254 | Series 2008-R2<sup>(b)(h)</sup> | 4.11% | 06/25/2047 | $5966817 |
|  | Chase Mortgage Finance Trust |  |  |  |
| 3051595 | Series 2007-S2 | 6.00% | 03/25/2037 | 1594130 |
| 323759 | Series 2007-S3 | 5.50% | 05/25/2037 | 3 |
| 4306803 | Series 2007-S4 | 6.00% | 06/25/2037 | 1627261 |
|  | ChaseFlex Trust Series |  |  |  |
| 2863624 | Series 2007-M1<sup>(b)</sup> | 1M CME TERM SOFR + 0.57% | 08/25/2037 | 2402985 |
|  | Citicorp Mortgage Securities Trust |  |  |  |
| 248662 | Series 2007-1 | 6.00% | 01/25/2037 | 232096 |
|  | Citigroup Mortgage Loan Trust |  |  |  |
| 55433 | Series 2009-12<sup>(h)</sup> | 5.50% | 11/25/2035 | 46824 |
| 116809 | Series 2009-4<sup>(b)(h)</sup> | 5.50% | 05/25/2035 | 114445 |
|  | CitiMortgage Alternative Loan Trust |  |  |  |
| 256082 | Series 2007-A1 | 6.00% | 01/25/2037 | 233965 |
| 50973 | Series 2007-A1<sup>(b)(n)</sup> | 5.29% - 1M CME TERM SOFR | 01/25/2037 | 4102 |
| 34527 | Series 2007-A3<sup>(b)</sup> | 6.00% | 03/25/2037 | 31073 |
| 80090 | Series 2007-A3<sup>(b)(n)</sup> | 5.29% - 1M CME TERM SOFR | 03/25/2037 | 6439 |
| 257137 | Series 2007-A6 | 5.50% | 06/25/2037 | 230283 |
|  | Connecticut Avenue Securities Trust |  |  |  |
| 2842019 | Series 2019-R05<sup>(b)(h)</sup> | 30D US SOFR + 4.21% | 07/25/2039 | 2883775 |
| 4250000 | Series 2022-R02<sup>(b)(h)</sup> | 30D US SOFR + 7.65% | 01/25/2027 | 4489755 |
| 3685000 | Series 2022-R03<sup>(b)(h)</sup> | 30D US SOFR + 9.85% | 03/25/2042 | 4031719 |
| 4125000 | Series 2023-R06<sup>(b)(h)</sup> | 30D US SOFR + 3.90% | 07/25/2043 | 4370504 |
| 5000000 | Series 2024-R03<sup>(b)(h)</sup> | 30D US SOFR + 2.80% | 03/25/2044 | 5191835 |
|  | Countrywide Home Loan Mortgage Pass-Through Trust |  |  |  |
| 849932 | Series 2005-HYB7<sup>(b)</sup> | 4.44% | 11/20/2035 | 795305 |
| 17479 | Series 2005-J4 | 5.50% | 11/25/2035 | 14413 |
| 1115214 | Series 2006-18 | 6.00% | 12/25/2036 | 569000 |
| 121994 | Series 2007-17 | 6.00% | 10/25/2037 | 83122 |
| 200241 | Series 2007-3 | 6.00% | 04/25/2037 | 89961 |
| 212701 | Series 2007-7 | 5.75% | 06/25/2037 | 95248 |
|  | Credit Suisse First Boston Mortgage Securities Corp. |  |  |  |
| 36569 | Series 2005-10 | 5.50% | 11/25/2035 | 25839 |
| 12660 | Series 2005-8 | 5.50% | 08/25/2025 | 6722 |
| 4023015 | Series 2005-9 | 6.00% | 10/25/2035 | 1092765 |
|  | Credit Suisse Mortgage Capital Certificates |  |  |  |
| 1642906 | Series 2006-2 | 5.75% | 03/25/2036 | 801983 |
|  | Csmc 2021-Nqm6 Trust |  |  |  |
| 900000 | Series 2021-NQM6<sup>(b)(h)</sup> | 2.58% | 07/25/2066 | 656184 |
|  | CSMC Mortgage-Backed Trust |  |  |  |
| 144557 | Series 2006-1 | 6.00% | 02/25/2036 | 38205 |
| 13043 | Series 2006-4 | 5.50% | 03/25/2038 | 7630 |
| 778648 | Series 2006-5 | 6.25% | 06/25/2036 | 118351 |
| 50639 | Series 2006-9 | 6.00% | 11/25/2036 | 27505 |
| 3201 | Series 2007-2 | 5.00% | 03/25/2037 | 2423 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
|  | Deutsche Alt-A Securities, Inc. Mortgage Loan Trust |  |  |  |
| $138476 | Series 2005-6<sup>(b)(n)</sup> | 4.97% - 1M CME TERM SOFR | 12/25/2035 | $9128 |
| 59534 | Series 2005-6<sup>(b)</sup> | 1M CME TERM SOFR + 1.51% | 12/25/2035 | 48268 |
|  | Deutsche Mortgage Securities, Inc. Mortgage Loan Trust |  |  |  |
| 72531 | Series 2006-PR1<sup>(b)(h)</sup> | 11.96% - 1M CME TERM SOFR | 04/15/2036 | 69548 |
|  | EFMT |  |  |  |
| 1000000 | Series 2025-INV2<sup>(b)(h)</sup> | 7.48% | 05/26/2070 | 999464 |
| 4969000 | Series 2025-INV3<sup>(b)(h)</sup> | 7.48% | 07/25/2029 | 4933778 |
| 1000000 | Series 2025-INV4<sup>(b)(h)</sup> | 6.00% | 09/25/2029 | 1006160 |
| 6770000 | Series 2025-INV5<sup>(b)(h)</sup> | 7.17% | 11/25/2029 | 6657746 |
|  | Fannie Mae Interest Strip |  |  |  |
| 4701168 | Series 2014-419<sup>(n)</sup> | 3.50% | 04/25/2044 | 667513 |
| 15419620 | Series 2023-437<sup>(n)</sup> | 1.50% | 05/25/2037 | 828125 |
|  | Fannie Mae Pool |  |  |  |
| 3328208 | Series 2021- | 3.00% | 10/01/2046 | 3026273 |
| 1593010 | Series 2021- | 3.00% | 12/01/2048 | 1439254 |
| 1265590 | Series 2022- | 5.00% | 07/01/2052 | 1268230 |
|  | Fannie Mae REMICS |  |  |  |
| 4029804 | Series 2014-1<sup>(b)(n)</sup> | 5.79% - 30D US SOFR | 02/25/2044 | 423903 |
| 4465899 | Series 2015-54<sup>(b)(n)</sup> | 6.04% - 30D US SOFR | 07/25/2045 | 526663 |
| 7910503 | Series 2020-74<sup>(b)(n)</sup> | 4.10% - 30D US SOFR | 10/25/2050 | 341303 |
| 8266160 | Series 2020-75<sup>(n)</sup> | 2.50% | 11/25/2050 | 1404001 |
| 16303055 | Series 2020-77<sup>(b)(n)</sup> | 4.10% - 30D SOFR | 11/25/2050 | 708922 |
| 8621188 | Series 2020-96<sup>(n)</sup> | 3.00% | 01/25/2051 | 1453686 |
| 12348422 | Series 2021-56<sup>(n)</sup> | 2.50% | 09/25/2051 | 1458514 |
| 10030726 | Series 2022-22 | 2.50% | 05/25/2052 | 7074054 |
| 14444355 | Series 2024-22<sup>(n)</sup> | 2.50% | 11/25/2050 | 2295306 |
| 15513881 | Series 2024-61 | 1.75% | 12/25/2051 | 8562263 |
|  | Federal Home Loan Mortgage Corp. Pool |  |  |  |
| 73712 | Series Pool #G01840 | 5.00% | 07/01/2035 | 75028 |
| 31263 | Series Pool #G04817 | 5.00% | 09/01/2038 | 32202 |
|  | Federal Home Loan Mortgage Corp. REMICS |  |  |  |
| 327419 | Series 2003-2722<sup>(b)</sup> | 9.76% - 30D US SOFR | 12/15/2033 | 346101 |
| 543228 | Series 2006-3244<sup>(b)(n)</sup> | 6.55% - 30D US SOFR | 11/15/2036 | 60783 |
| 29484 | Series 2007-3261<sup>(b)(n)</sup> | 6.32% - 30D US SOFR | 01/15/2037 | 2912 |
| 29493 | Series 2007-3262<sup>(b)(n)</sup> | 6.29% - 30D US SOFR | 01/15/2037 | 1969 |
| 251363 | Series 2007-3301<sup>(b)(n)</sup> | 5.99% - 30D US SOFR | 04/15/2037 | 22252 |
| 181478 | Series 2007-3303<sup>(b)(n)</sup> | 5.99% - 30D US SOFR | 04/15/2037 | 13182 |
| 49044 | Series 2007-3382<sup>(b)(n)</sup> | 5.89% - 30D US SOFR | 11/15/2037 | 3511 |
| 156291 | Series 2007-3384<sup>(b)(n)</sup> | 6.20% - 30D US SOFR | 08/15/2036 | 12359 |
| 47288 | Series 2007-3384<sup>(b)(n)</sup> | 6.28% - 30D US SOFR | 11/15/2037 | 3772 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
| $15227 | Series 2008-3417<sup>(b)(n)</sup> | 6.07% - 30D US SOFR | 02/15/2038 | $1189 |
| 680672 | Series 2008-3423<sup>(b)(n)</sup> | 5.89% - 30D US SOFR | 03/15/2038 | 1353 |
| 57933 | Series 2008-3423<sup>(b)(n)</sup> | 5.54% - 30D US SOFR | 03/15/2038 | 4299 |
| 468369 | Series 2009-3510<sup>(b)(n)</sup> | 6.64% - 30D US SOFR | 02/15/2037 | 43207 |
| 156599 | Series 2009-3523<sup>(b)(n)</sup> | 5.89% - 30D US SOFR | 04/15/2039 | 12222 |
| 27379 | Series 2009-3524<sup>(b)(n)</sup> | 3.31% | 06/15/2038 | 26573 |
| 2501 | Series 2009-3549<sup>(b)(n)</sup> | 5.69% - 30D US SOFR | 07/15/2039 | 210 |
| 199318 | Series 2009-3560<sup>(b)(n)</sup> | 6.29% - 30D US SOFR | 11/15/2036 | 12536 |
| 104822 | Series 2010-3641 | 4.50% | 03/15/2040 | 105017 |
| 157848 | Series 2010-3726<sup>(b)(n)</sup> | 5.94% - 30D US SOFR | 09/15/2040 | 15093 |
| 454218 | Series 2010-3728<sup>(b)(n)</sup> | 4.34% - 30D US SOFR | 09/15/2040 | 15085 |
| 141946 | Series 2010-3779 | 3.50% | 12/15/2030 | 140667 |
| 29910 | Series 2010-3779 | 4.00% | 12/15/2030 | 29861 |
| 27133 | Series 2011-3786<sup>(b)</sup> | 9.27% - 30D US SOFR | 01/15/2041 | 20705 |
| 328219 | Series 2011-3815<sup>(b)(n)</sup> | 5.74% - 30D US SOFR | 02/15/2041 | 24493 |
| 159069 | Series 2011-3824<sup>(b)(n)</sup> | 6.99% - 30D US SOFR | 08/15/2036 | 20269 |
| 290642 | Series 2011-3864<sup>(b)</sup> | 8.97% - 30D US SOFR | 05/15/2041 | 243546 |
| 173451 | Series 2011-3872<sup>(b)(n)</sup> | 5.84% - 30D US SOFR | 06/15/2041 | 15264 |
| 716503 | Series 2011-3924<sup>(b)(n)</sup> | 5.89% - 30D US SOFR | 09/15/2041 | 48631 |
| 1141617 | Series 2012-3<sup>(b)(n)</sup> | 5.84% - 30D US SOFR | 02/25/2042 | 126350 |
| 347791 | Series 2013-4170<sup>(b)</sup> | 3.94 - 30D US SOFR | 01/15/2033 | 316709 |
| 2097207 | Series 2013-4239<sup>(j)</sup> | 0.00% | 07/15/2043 | 1281633 |
|  | Federal National Mortgage Association Pool |  |  |  |
| 18943 | Series Pool #555743 | 5.00% | 09/01/2033 | 19226 |
| 24023 | Series Pool #735382 | 5.00% | 04/01/2035 | 24655 |
| 68437 | Series Pool #735383 | 5.00% | 04/01/2035 | 70238 |
| 42847 | Series Pool #735484 | 5.00% | 05/01/2035 | 43975 |
| 15616 | Series Pool #AH4437 | 4.00% | 01/01/2041 | 15031 |
|  | Federal National Mortgage Association REMICS |  |  |  |
| 1028 | Series 2004-46<sup>(b)</sup> | 5.89% - 30D US SOFR | 03/25/2034 | 1 |
| 82424 | Series 2006-101<sup>(b)(n)</sup> | 6.47% - 30D US SOFR | 10/25/2036 | 10653 |
| 253900 | Series 2006-123<sup>(b)(n)</sup> | 6.21% - 30D US SOFR | 01/25/2037 | 30610 |
| 975612 | Series 2006-92<sup>(b)(n)</sup> | 6.47% - 30D US SOFR | 10/25/2036 | 74807 |
| 34257 | Series 2007-102<sup>(b)(n)</sup> | 6.29% - 30D US SOFR | 11/25/2037 | 2832 |
| 32278 | Series 2007-108<sup>(b)(n)</sup> | 6.25% - 30D US SOFR | 12/25/2037 | 2398 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
| $4627 | Series 2007-30<sup>(b)(n)</sup> | 6.00% - 30D US SOFR | 04/25/2037 | $357 |
| 181431 | Series 2007-38<sup>(b)(n)</sup> | 5.97% - 30D US SOFR | 05/25/2037 | 11264 |
| 5852 | Series 2007-51<sup>(b)(n)</sup> | 5.99% - 30D US SOFR | 06/25/2037 | 408 |
| 165139 | Series 2007-57<sup>(b)(n)</sup> | 6.51% - 30D US SOFR | 10/25/2036 | 18217 |
| 32963 | Series 2007-68<sup>(b)(n)</sup> | 6.54% - 30D US SOFR | 07/25/2037 | 3124 |
| 288573 | Series 2008-3<sup>(b)(n)</sup> | 6.35% - 30D US SOFR | 02/25/2038 | 24348 |
| 30174 | Series 2008-56<sup>(b)(n)</sup> | 5.95% - 30D US SOFR | 07/25/2038 | 1666 |
| 8949 | Series 2008-81 | 5.50% | 09/25/2038 | 9326 |
| 83414 | Series 2009-111 | 5.00% | 01/25/2040 | 85487 |
| 42031 | Series 2009-111<sup>(b)(n)</sup> | 6.14% - 30D US SOFR | 01/25/2040 | 4701 |
| 305834 | Series 2009-12<sup>(b)(n)</sup> | 6.49% - 30D US SOFR | 03/25/2036 | 23508 |
| 10973 | Series 2009-28<sup>(b)(n)</sup> | 5.89% - 30D US SOFR | 04/25/2037 | 693 |
| 58587 | Series 2009-41 | 4.50% | 06/25/2039 | 58596 |
| 25207 | Series 2009-42<sup>(b)(n)</sup> | 5.89% - 30D US SOFR | 06/25/2039 | 2189 |
| 55989 | Series 2009-47<sup>(b)(n)</sup> | 5.99% - 30D US SOFR | 07/25/2039 | 3014 |
| 22307 | Series 2009-62<sup>(b)(n)</sup> | 5.99% - 30D US SOFR | 08/25/2039 | 646 |
| 20496 | Series 2009-68<sup>(b)(n)</sup> | 5.14% - 30D US SOFR | 09/25/2039 | 1326 |
| 48432 | Series 2010-11<sup>(b)(n)</sup> | 4.69% - 30D US SOFR | 02/25/2040 | 2555 |
| 53123 | Series 2010-115<sup>(b)(n)</sup> | 6.49% - 30D US SOFR | 11/25/2039 | 5209 |
| 643716 | Series 2010-115<sup>(b)(n)</sup> | 5.89% - 30D US SOFR | 10/25/2040 | 60400 |
| 1564153 | Series 2010-123<sup>(b)(n)</sup> | 5.94% - 30D US SOFR | 11/25/2040 | 151664 |
| 249591 | Series 2010-15<sup>(b)(n)</sup> | 4.84% - 30D US SOFR | 03/25/2040 | 11802 |
| 16840 | Series 2010-34<sup>(b)(n)</sup> | 4.82% - 30D US SOFR | 04/25/2040 | 861 |
| 16992 | Series 2010-4<sup>(b)(n)</sup> | 6.12% - 30D US SOFR | 02/25/2040 | 1493 |
| 31300 | Series 2010-58<sup>(b)</sup> | 12.18% - 30D US SOFR | 06/25/2040 | 31285 |
| 880848 | Series 2010-75 | 4.50% | 07/25/2040 | 881900 |
| 68397 | Series 2010-9<sup>(b)(n)</sup> | 4.64% - 30D US SOFR | 02/25/2040 | 2911 |
| 13827 | Series 2010-9<sup>(b)(n)</sup> | 5.19% - 30D US SOFR | 02/25/2040 | 870 |
| 3874 | Series 2010-90<sup>(b)(n)</sup> | 5.89% - 30D US SOFR | 08/25/2040 | 310 |
| 1864 | Series 2011-25 | 3.00% | 04/25/2026 | 1859 |
| 1174507 | Series 2012-106<sup>(b)(n)</sup> | 6.05% - 30D US SOFR | 10/25/2042 | 95142 |
| 262964 | Series 2012-124<sup>(b)</sup> | 7.59% - 30D US SOFR | 11/25/2042 | 178172 |
| 86110 | Series 2012-29<sup>(b)(n)</sup> | 5.89% - 30D US SOFR | 04/25/2042 | 7389 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
| $244043 | Series 2012-32<sup>(n)</sup> | 5.00% | 04/25/2042 | $51132 |
| 1150515 | Series 2012-65<sup>(b)(n)</sup> | 5.87% - 30D US SOFR | 06/25/2042 | 108540 |
| 499809 | Series 2018-21<sup>(j)</sup> | 0.00% | 04/25/2048 | 364242 |
|  | First Horizon Alternative Mortgage Securities Trust |  |  |  |
| 424842 | Series 2005-FA6 | 5.50% | 09/25/2035 | 210586 |
|  | First Horizon Mortgage Pass-Through Trust |  |  |  |
| 416201 | Series 2007-AR3<sup>(b)</sup> | 4.53% | 11/25/2037 | 159635 |
|  | Freddie Mac Pool |  |  |  |
| 3068167 | Series 2021- | 2.00% | 11/01/2050 | 2564497 |
| 1272474 | Series 2022- | 3.00% | 03/01/2052 | 1141145 |
|  | Freddie Mac REMICS |  |  |  |
| 1439784 | Series 2011-3972<sup>(b)(n)</sup> | 5.79% - 30D US SOFR | 12/15/2041 | 138647 |
| 1756712 | Series 2020-5007<sup>(b)(n)</sup> | 5.99% - 30D US SOFR | 08/25/2050 | 247004 |
| 8852595 | Series 2020-5023<sup>(n)</sup> | 3.00% | 10/25/2050 | 1470052 |
| 3512027 | Series 2020-5041<sup>(n)</sup> | 2.00% | 11/25/2050 | 470023 |
| 9399454 | Series 2020-5057<sup>(n)</sup> | 3.00% | 11/25/2050 | 1515109 |
| 10379968 | Series 2021-5077<sup>(n)</sup> | 3.00% | 02/25/2051 | 1654318 |
| 6449153 | Series 2021-5083 | 2.50% | 03/25/2051 | 3432059 |
| 11735754 | Series 2021-5156<sup>(n)</sup> | 3.00% | 02/25/2050 | 2063552 |
| 11002076 | Series 2022-5195 | 2.50% | 02/25/2052 | 7146777 |
| 2769989 | Series 2023-5293<sup>(n)</sup> | 2.50% | 04/25/2051 | 430222 |
| 18477922 | Series 2023-5353<sup>(n)</sup> | 2.50% | 10/25/2051 | 2161315 |
| 7329932 | Series 2024-5427 | 4.00% | 05/25/2052 | 6065550 |
| 15801555 | Series 2025-5531<sup>(n)</sup> | 3.50% | 06/25/2041 | 1963745 |
| 11024965 | Series 2025-5531<sup>(n)</sup> | 3.00% | 06/25/2041 | 1230300 |
| 13452901 | Series 2025-5531<sup>(n)</sup> | 3.50% | 09/25/2051 | 2473493 |
| 6854894 | Series 2025-5547<sup>(n)</sup> | 3.00% | 04/25/2051 | 1218209 |
|  | Freddie Mac STACR REMIC Trust |  |  |  |
| 4300000 | Series 2020-DNA6<sup>(b)(h)</sup> | 30D US SOFR + 5.65% | 12/25/2050 | 4965093 |
| 2500000 | Series 2021-DNA1<sup>(b)(h)</sup> | 30D US SOFR + 4.75% | 01/25/2051 | 2779277 |
| 3000000 | Series 2021-DNA2<sup>(b)(h)</sup> | 30D US SOFR + 6.00% | 08/25/2033 | 3709684 |
| 2750000 | Series 2021-HQA2<sup>(b)(h)</sup> | 30D US SOFR + 3.15% | 12/25/2033 | 3039472 |
|  | GCAT |  |  |  |
| 1500000 | Series 2021-NQM4<sup>(b)(h)</sup> | 2.47% | 08/25/2066 | 1022844 |
|  | Ginnie Mae II Pool |  |  |  |
| 1216067 | Series 2021- | 2.50% | 11/20/2051 | 1047157 |
|  | Government National Mortgage Association |  |  |  |
| 17344 | Series 2004-83<sup>(b)(n)</sup> | 5.97% - 1M CME TERM SOFR | 10/20/2034 | 825 |
| 17350 | Series 2008-67<sup>(b)(n)</sup> | 5.89% - 1M CME TERM SOFR | 08/20/2038 | 86 |
| 269887 | Series 2008-69<sup>(b)(n)</sup> | 7.52% - 1M CME TERM SOFR | 08/20/2038 | 11958 |
| 27814 | Series 2009-10<sup>(b)(n)</sup> | 6.54% - 1M CME TERM SOFR | 02/16/2039 | 2626 |
| 1017200 | Series 2009-58<sup>(b)(n)</sup> | 6.14% - 1M CME TERM SOFR | 06/20/2039 | 69630 |
| 559416 | Series 2009-75 | 5.00% | 09/20/2039 | 576614 |
| 1331349 | Series 2010-121<sup>(b)(n)</sup> | 5.89% - 1M CME TERM SOFR | 09/20/2040 | 147153 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
| $17395 | Series 2010-61<sup>(b)(n)</sup> | 6.44% - 1M CME TERM SOFR | 09/20/2039 | $1070 |
| 17769 | Series 2010-98<sup>(b)(n)</sup> | 5.09% | 03/20/2039 | 236 |
| 7352908 | Series 2010-H20<sup>(b)(n)</sup> | 1.50% | 10/20/2060 | 138427 |
| 186580 | Series 2011-69<sup>(j)</sup> | 0.00% | 05/20/2041 | 150840 |
| 400059 | Series 2011-71<sup>(b)(n)</sup> | 5.29% - 1M CME TERM SOFR | 05/20/2041 | 40202 |
| 111396 | Series 2011-72<sup>(b)(n)</sup> | 6.04% - 1M CME TERM SOFR | 05/20/2041 | 10923 |
| 622931 | Series 2011-89<sup>(b)(n)</sup> | 5.34% - 1M CME TERM SOFR | 06/20/2041 | 61437 |
| 939495 | Series 2013-113<sup>(b)(n)</sup> | 6.14% - 1M CME TERM SOFR | 03/20/2043 | 24753 |
| 2265736 | Series 2013-122<sup>(b)(n)</sup> | 5.99% - 1M CME TERM SOFR | 08/16/2043 | 258621 |
| 1404867 | Series 2013-186<sup>(b)(n)</sup> | 6.14% - 1M CME TERM SOFR | 02/16/2043 | 102846 |
| 1379281 | Series 2014-156<sup>(b)(n)</sup> | 6.14% - 1M CME TERM SOFR | 10/20/2044 | 153249 |
| 2737430 | Series 2014-4<sup>(b)(n)</sup> | 5.99% - 1M CME TERM SOFR | 01/16/2044 | 307006 |
| 3445406 | Series 2014-41<sup>(b)(n)</sup> | 5.99% - 1M CME TERM SOFR | 03/20/2044 | 376884 |
| 1075216 | Series 2014-5<sup>(b)(n)</sup> | 6.04% - 1M CME TERM SOFR | 07/20/2043 | 61074 |
| 1962613 | Series 2014-95<sup>(b)(n)</sup> | 6.14% - 1M CME TERM SOFR | 06/16/2044 | 147673 |
| 4787854 | Series 2016-H21<sup>(b)(n)</sup> | 2.26% | 09/20/2066 | 246321 |
| 7314000 | Series 2018-19 | 3.00% | 02/20/2048 | 6273920 |
| 3753435 | Series 2018-97<sup>(b)(n)</sup> | 6.09% - 1M CME TERM SOFR | 07/20/2048 | 455164 |
| 7991500 | Series 2019-22<sup>(b)(n)</sup> | 5.49% - 1M CME TERM SOFR | 02/20/2045 | 698961 |
| 14621982 | Series 2019-90<sup>(n)</sup> | 3.00% | 05/20/2048 | 2349248 |
| 3629383 | Series 2019-92<sup>(b)(n)</sup> | 5.99% - 1M CME TERM SOFR | 07/20/2049 | 442789 |
| 3959905 | Series 2019-H18<sup>(b)(n)</sup> | 1.35% | 11/20/2069 | 254920 |
| 7258569 | Series 2020-112<sup>(b)(n)</sup> | 6.14% - 1M CME TERM SOFR | 08/20/2050 | 889803 |
| 10656000 | Series 2020-146<sup>(b)(n)</sup> | 6.19% - 1M CME TERM SOFR | 10/20/2050 | 1507288 |
| 13781224 | Series 2020-146<sup>(b)(n)</sup> | 3.64 - 1M CME TERM SOFR | 10/20/2050 | 374272 |
| 15797547 | Series 2020-165<sup>(n)</sup> | 2.50% | 11/20/2050 | 2417941 |
| 10063775 | Series 2020-167<sup>(b)(n)</sup> | 3.64 - 1M CME TERM SOFR | 11/20/2050 | 267624 |
| 15573922 | Series 2020-167<sup>(n)</sup> | 2.50% | 11/20/2050 | 2106023 |
| 13430158 | Series 2020-173<sup>(n)</sup> | 2.50% | 11/20/2050 | 1891372 |
| 6856989 | Series 2020-188<sup>(b)(n)</sup> | 6.19% - 1M CME TERM SOFR | 11/20/2050 | 901782 |
| 14630039 | Series 2020-188<sup>(n)</sup> | 2.50% | 12/20/2050 | 2292852 |
| 15674379 | Series 2020-191<sup>(n)</sup> | 3.50% | 12/20/2050 | 2993219 |
| 8274615 | Series 2021-1<sup>(b)(n)</sup> | 6.19% - 1M CME TERM SOFR | 01/20/2051 | 1112275 |
| 12880112 | Series 2021-1<sup>(n)</sup> | 2.50% | 01/20/2051 | 1972782 |
| 8281171 | Series 2021-107<sup>(b)(n)</sup> | 3.64% - 1M CME TERM SOFR | 06/20/2051 | 204217 |
| 10258662 | Series 2021-116<sup>(n)</sup> | 3.50% | 03/20/2051 | 1902655 |
| 10464923 | Series 2021-160<sup>(n)</sup> | 2.50% | 06/20/2051 | 1254119 |
| 15651250 | Series 2021-161<sup>(n)</sup> | 3.00% | 09/20/2051 | 1874084 |
| 16412045 | Series 2021-52<sup>(b)(n)</sup> | 0.72% | 04/16/2063 | 890074 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
| $19197316 | Series 2021-59<sup>(b)(n)</sup> | 2.60% - 30D US SOFR | 04/20/2051 | $56955 |
| 10746190 | Series 2021-7<sup>(n)</sup> | 2.50% | 01/20/2051 | 1577029 |
| 10658930 | Series 2021-76 | 3.00% | 08/20/2050 | 1734494 |
| 12198612 | Series 2021-77<sup>(n)</sup> | 3.00% | 07/20/2050 | 1957398 |
| 9845162 | Series 2021-77<sup>(b)(n)</sup> | 3.64% - 1M CME TERM SOFR | 05/20/2051 | 226785 |
| 12574391 | Series 2021-77<sup>(n)</sup> | 2.50% | 05/20/2051 | 1647707 |
| 4968539 | Series 2021-89<sup>(b)(n)</sup> | 3.64% - 1M CME TERM SOFR | 05/20/2051 | 108868 |
| 23776383 | Series 2021-97<sup>(b)(n)</sup> | 2.60% - 30D US SOFR | 06/20/2051 | 125730 |
| 7575330 | Series 2021-97<sup>(b)(n)</sup> | 3.64% - 1M CME TERM SOFR | 06/20/2051 | 186759 |
| 12816102 | Series 2021-H08<sup>(b)(n)</sup> | 0.04% | 05/20/2071 | 374548 |
| 30678894 | Series 2022-1<sup>(b)(n)</sup> | 2.65% - 30D US SOFR | 01/20/2052 | 74436 |
| 14777813 | Series 2022-137<sup>(n)</sup> | 3.00% | 01/20/2052 | 1942037 |
| 18151713 | Series 2022-174 | 3.50% | 05/20/2051 | 15653937 |
| 15998140 | Series 2022-174 | 3.00% | 12/20/2051 | 12928068 |
| 19692803 | Series 2022-207<sup>(n)</sup> | 3.00% | 08/20/2051 | 3310082 |
| 25761245 | Series 2022-48<sup>(b)(n)</sup> | 0.71% | 01/16/2064 | 1574329 |
| 15871978 | Series 2022-83<sup>(n)</sup> | 2.50% | 11/20/2051 | 2275119 |
| 12121629 | Series 2024-48<sup>(n)</sup> | 2.50% | 10/20/2051 | 1760099 |
| 13973716 | Series 2024-61 | 3.50% | 04/20/2054 | 11514466 |
| 14433140 | Series 2025-48<sup>(n)</sup> | 2.50% | 06/20/2051 | 2053712 |
| 16667036 | Series 2025-62<sup>(n)</sup> | 2.50% | 10/20/2051 | 2121357 |
|  | GS Mortgage-Backed Securities Corp. Trust |  |  |  |
| 1454000 | Series 2025-NQM6<sup>(b)(h)</sup> | 6.60% | 11/25/2029 | 1464461 |
| 687000 | Series 2025-NQM6<sup>(b)(h)</sup> | 0.08% | 11/25/2029 | 689699 |
|  | GSR Mortgage Loan Trust |  |  |  |
| 874588 | Series 2006-2F | 5.25% | 02/25/2036 | 307894 |
| 1458157 | Series 2007-2F | 6.00% | 03/25/2037 | 716567 |
| 627127 | Series 2007-AR2<sup>(b)</sup> | 4.31% | 05/25/2037 | 317352 |
|  | Impac CMB Trust |  |  |  |
| 62390 | Series 2004-10<sup>(b)</sup> | 1M CME TERM SOFR + 0.81% | 03/25/2035 | 56476 |
|  | Imperial Fund Mortgage Trust |  |  |  |
| 1000000 | Series 2021-NQM4<sup>(b)(h)</sup> | 3.45% | 01/25/2057 | 800631 |
|  | IndyMac IMJA Mortgage Loan Trust |  |  |  |
| 947861 | Series 2007-A1 | 6.00% | 08/25/2037 | 345925 |
|  | IndyMac IMSC Mortgage Loan Trust |  |  |  |
| 4704635 | Series 2007-F2 | 6.50% | 07/25/2037 | 1380463 |
|  | JP Morgan Alternative Loan Trust |  |  |  |
| 135121 | Series 2005-S1 | 6.00% | 12/25/2035 | 89074 |
| 12440 | Series 2006-S3<sup>(m)</sup> | 6.62% | 08/25/2036 | 12451 |
|  | JP Morgan Mortgage Trust |  |  |  |
| 747231 | Series 2007-S3 | 6.00% | 07/25/2037 | 308840 |
|  | JP Morgan Resecuritization Trust |  |  |  |
| 423302 | Series 2011-1<sup>(b)(h)</sup> | 6.00% | 06/26/2037 | 351523 |
| 1504565 | Series 2014-6<sup>(b)(h)</sup> | 1M CME TERM SOFR + 0.32% | 07/27/2046 | 1494096 |
|  | Lehman Mortgage Trust |  |  |  |
| 356652 | Series 2006-6 | 5.50% | 10/25/2036 | 226660 |
| 3839420 | Series 2006-7<sup>(b)</sup> | 1M CME TERM SOFR + 0.36% | 11/25/2036 | 229540 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
| $3839420 | Series 2006-7<sup>(b)(n)</sup> | 7.64% - 1M CME TERM SOFR | 11/25/2036 | $231894 |
| 1170095 | Series 2006-8<sup>(b)</sup> | 1M CME TERM SOFR + 0.53% | 12/25/2036 | 220875 |
| 1170095 | Series 2006-8<sup>(b)(n)</sup> | 6.47% - 1M CME TERM SOFR | 12/25/2036 | 136181 |
|  | Merrill Lynch Alternative Note Asset Trust |  |  |  |
| 687842 | Series 2007-F1 | 6.00% | 03/25/2037 | 57110 |
|  | Morgan Stanley Mortgage Loan Trust |  |  |  |
| 725748 | Series 2005-3AR<sup>(b)</sup> | 5.14% | 07/25/2035 | 585368 |
| 2034165 | Series 2006-11 | 6.00% | 08/25/2036 | 1173799 |
| 2225525 | Series 2006-1AR<sup>(b)</sup> | 1M CME TERM SOFR + 0.39% | 02/25/2036 | 1300166 |
| 467367 | Series 2006-7<sup>(b)</sup> | 5.06% | 06/25/2036 | 238087 |
| 585094 | Series 2006-7 | 6.00% | 06/25/2036 | 248549 |
|  | New Residential Mortgage Loan Trust |  |  |  |
| 2000000 | Series 2025-NQM5<sup>(b)(h)</sup> | 7.41% | 08/25/2065 | 1976938 |
|  | Nomura Asset Acceptance Corp. Alternative Loan Trust |  |  |  |
| 878768 | Series 2005-AP3<sup>(b)</sup> | 5.32% | 08/25/2035 | 369572 |
|  | OBX |  |  |  |
| 600000 | Series 2025-NQM23<sup>(b)(h)</sup> | 5.67% | 12/25/2029 | 604939 |
|  | PR Mortgage Loan Trust |  |  |  |
| 4754796 | Series 2014-1<sup>(b)(h)</sup> | 5.85% | 09/25/2047 | 4435236 |
|  | Prime Mortgage Trust |  |  |  |
| 35 | Series 2006-1 | 5.50% | 06/25/2036 | 35 |
|  | PRPM |  |  |  |
| 800000 | Series 2025-NQM6<sup>(b)(h)</sup> | 6.96% | 12/25/2070 | 803650 |
|  | PRPM LLC |  |  |  |
| 555011 | Series 2025-4<sup>(h)(m)</sup> | 6.18% | 06/25/2028 | 555160 |
| 3400000 | Series 2025-7<sup>(h)(m)</sup> | 7.45% | 08/25/2028 | 3411808 |
| 6500000 | Series 2025-8<sup>(h)(m)</sup> | 7.20% | 10/25/2030 | 6518480 |
|  | Residential Accredit Loans, Inc. |  |  |  |
| 3026397 | Series 2006-QA5<sup>(b)</sup> | 1M CME TERM SOFR + 0.55% | 07/25/2036 | 970923 |
| 902269 | Series 2006-QS10 | 6.50% | 08/25/2036 | 809441 |
| 239620 | Series 2006-QS6 | 6.00% | 06/25/2036 | 197426 |
| 559137 | Series 2006-QS7 | 6.00% | 06/25/2036 | 459162 |
| 29395 | Series 2006-QS7<sup>(b)</sup> | 1M CME TERM SOFR + 0.51% | 06/25/2036 | 21624 |
| 39197 | Series 2006-QS8<sup>(b)</sup> | 1M CME TERM SOFR + 0.56% | 08/25/2036 | 30613 |
| 117592 | Series 2006-QS8<sup>(b)(n)</sup> | 5.44% - 1M CME TERM SOFR | 08/25/2036 | 8653 |
| 3917 | Series 2007-QS6<sup>(b)</sup> | 54.05% - 1M CME TERM SOFR | 04/25/2037 | 6044 |
| 342159 | Series 2007-QS9 | 6.50% | 07/25/2037 | 283499 |
| 164565 | Series 2008-QR1 | 6.00% | 08/25/2036 | 137227 |
|  | Residential Asset Securitization Trust |  |  |  |
| 379118 | Series 2006-A1 | 6.00% | 04/25/2036 | 163475 |
| 862892 | Series 2006-A2 | 6.00% | 05/25/2036 | 310376 |
| 896502 | Series 2006-A6 | 6.50% | 07/25/2036 | 221060 |
| 243132 | Series 2006-A8 | 6.00% | 08/25/2036 | 166067 |
| 148791 | Series 2006-A8 | 6.50% | 08/25/2036 | 40736 |
| 315026 | Series 2006-A8<sup>(b)(n)</sup> | 5.79% - 1M CME TERM SOFR | 08/25/2036 | 27048 |
| 1337366 | Series 2007-A1 | 6.00% | 03/25/2037 | 409739 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
| $55571 | Series 2007-A6 | 6.00% | 06/25/2037 | $27519 |
| 2535071 | Series 2007-A7 | 6.00% | 07/25/2037 | 916485 |
|  | Residential Funding Mortgage Securities I Trust |  |  |  |
| 276231 | Series 2006-S3 | 5.50% | 03/25/2036 | 223212 |
| 60275 | Series 2006-S6 | 6.00% | 07/25/2036 | 52388 |
| 175122 | Series 2007-S3 | 6.00% | 03/25/2037 | 127473 |
| 94198 | Series 2007-S6 | 6.00% | 06/25/2037 | 73710 |
|  | Residential Mortgage Loan Trust |  |  |  |
| 3250000 | Series 2020-1<sup>(b)(h)</sup> | 4.67% | 01/26/2060 | 3045760 |
|  | Sequoia Mortgage Trust |  |  |  |
| 757009 | Series 2007-3<sup>(b)</sup> | 4.35% | 07/20/2037 | 594178 |
|  | Structured Asset Securities Corp. |  |  |  |
| 106978 | Series 2005-RF1<sup>(b)(h)</sup> | 1M CME TERM SOFR + 0.46% | 03/25/2035 | 96357 |
| 106978 | Series 2005-RF1<sup>(b)(h)(n)</sup> | 0.30% | 03/25/2035 | 885 |
|  | TBW Mortgage-Backed Trust |  |  |  |
| 1391148 | Series 2006-2 | 7.00% | 07/25/2036 | 200457 |
|  | Verus Securitization Trust |  |  |  |
| 1500000 | Series 2021-4<sup>(b)(h)</sup> | 2.20% | 07/25/2066 | 1057111 |
| 1400000 | Series 2021-6<sup>(b)(h)</sup> | 4.05% | 10/25/2066 | 1132583 |
| 2000000 | Series 2021-7<sup>(b)(h)</sup> | 4.19% | 10/25/2066 | 1554604 |
| 1000000 | Series 2024-5<sup>(b)(h)</sup> | 7.78% | 06/25/2069 | 1009444 |
| 1000000 | Series 2024-7<sup>(b)(h)</sup> | 7.81% | 09/25/2069 | 1011730 |
| 1196000 | Series 2025-11<sup>(b)(h)</sup> | 7.22% | 11/25/2070 | 1193155 |
| 2900000 | Series 2025-12<sup>(b)(h)</sup> | 6.56% | 12/25/2070 | 2923873 |
| 4800000 | Series 2025-12<sup>(b)(h)</sup> | 7.09% | 12/25/2070 | 4737259 |
| 1600000 | Series 2025-4<sup>(b)(h)</sup> | 7.44% | 05/25/2070 | 1636557 |
| 2121000 | Series 2025-6<sup>(b)(h)</sup> | 7.36% | 07/25/2029 | 2112900 |
| 2100000 | Series 2025-9<sup>(b)(h)</sup> | 7.38% | 10/27/2070 | 2102990 |
| 1183000 | Series 2025-R2<sup>(b)(h)</sup> | 5.90% | 07/25/2067 | 1171375 |
|  | Wachovia Mortgage Loan Trust, LLC Series Trust |  |  |  |
| 40055 | Series 2005-B<sup>(b)</sup> | 6.74% | 10/20/2035 | 38667 |
|  | Washington Mutual Alternative Mortgage Pass-Through Certificates |  |  |  |
| 31044 | Series 2005-9 | 5.50% | 11/25/2035 | 25562 |
| 267833 | Series 2006-5 | 6.00% | 07/25/2036 | 192418 |
|  | Washington Mutual Mortgage Pass-Through Certificates Trust |  |  |  |
| 404013 | Series 2006-2 | 6.00% | 03/25/2036 | 400469 |
|  | Wells Fargo Alternative Loan Trust |  |  |  |
| 159647 | Series 2007-PA2<sup>(b)</sup> | 1M CME TERM SOFR + 0.54% | 06/25/2037 | 140954 |
| 160388 | Series 2007-PA2<sup>(b)(n)</sup> | 5.96% - 1M CME TERM SOFR | 06/25/2037 | 17611 |
| 195743 | Series 2007-PA3 | 6.25% | 07/25/2037 | 171633 |
|  |  |  |  | 315967318 |
| TOTAL U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES | TOTAL U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES | TOTAL U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES | TOTAL U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES | TOTAL U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES |
| (Cost $376,601,944) | (Cost $376,601,944) |  |  | 315967318 |

---

---

| | |
|:---|:---|
| **Shares/Description** | **Value** |
| **Warrants - 0.00%<sup>(c)</sup>** | **Warrants - 0.00%<sup>(c)</sup>** |
| ***United States - 0.00%<sup>(c)</sup>*** | |
| 64870 PERSHING SQUARE SPARC HOLDINGS, Strike Price 0.01, Expires 12/31/2049<sup>(d)(i)</sup> | $0 |
| TOTAL WARRANTS | TOTAL WARRANTS |
| (Cost $0) | 0 |

---

---

| | | |
|:---|:---|:---|
| **Shares/Description** | **Shares/Description** | **Value** |
| **Short-Term Investments - 5.08%** | **Short-Term Investments - 5.08%** | **Short-Term Investments - 5.08%** |
| **Money Market Fund - 5.08%** | **Money Market Fund - 5.08%** | |
| 58310474 | State Street Institutional Treasury Money Market Fund Premier Class (7 Day Yield 3.71%) | $58310474 |
| TOTAL SHORT-TERM INVESTMENTS | TOTAL SHORT-TERM INVESTMENTS | TOTAL SHORT-TERM INVESTMENTS |
| (Cost $58,310,474) | (Cost $58,310,474) | 58310474 |
| **TOTAL INVESTMENTS - 99.24%** | **TOTAL INVESTMENTS - 99.24%** | **TOTAL INVESTMENTS - 99.24%** |
| **(Cost $1,229,238,748)** | **(Cost $1,229,238,748)** | $1139381728 |
| **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.76%** | **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.76%** | 8721083 |
| **NET ASSETS - 100.00%** | **NET ASSETS - 100.00%** | $1148102811 |

---

**Investment Abbreviations:**

CME- Chicago Mercantile Exchange

LLC - Limited Liability Company

LP - Limited Partnership

OBFR - Overnight Bank Funding Rate

SOFR - Secured Overnight Financing Rate Data

TI - Treasury Index

**Rates:**

1M CME SOFR - 1 Month CME SOFR as of December 31, 2025 was 3.69%

3M CME SOFR - 3 Month CME SOFR as of December 31, 2025 was 3.65%

1D SOFR - 30 Day SOFR as of December 31, 2025 was 3.87%

30D SOFR - 30 Day SOFR as of December 31, 2025 was 3.79%

1M SOFR - 1 Month SOFR as of December 31, 2025 was 3.79%

3M SOFR - 3 Month SOFR as of December 31, 2025 was 4.01%

1Y US TI - 1 Year TI as of December 31, 2025 was 3.48%

5Y US TI - 5 Year TI as of December 31, 2025 was 3.73%

<sup>(a)</sup> *Security has no contractual maturity date, is not redeemable and contractually pays an indefinite stream of interest.*

<sup>(b)</sup> *Variable rate investment. Interest rates reset periodically. Interest rate shown reflects the rate in effect at December 31, 2025. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above.*

<sup>(c)</sup> *Less than 0.005%.*

<sup>(d)</sup> *Security does not have a market value or rate. Security will not be entitled to distributions in respect of principal or interest other than excess interest paid with respect to the mortgage loans.*

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

<sup>(f)</sup> *Affiliated company. See Notes to Quarterly Schedule of Investments.*

<sup>(g)</sup> *Pay-in-kind securities. Rate paid in-kind is shown in parenthesis.*

<sup>(h)</sup> *Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities have been deemed liquid under procedures approved by the Fund's Board of Trustees and may normally be sold to qualified institutional buyers in transactions exempt from registration. Total fair value of Rule 144A securities amounts to $355,633,915, which represents approximately 30.98% of net assets as of December 31, 2025.* 

*<sup>(i)</sup>* *The Level 3 assets were a result of unavailable quoted prices from an active market or the unavailability of other significant observable inputs.*

<sup>(i)</sup> *Securities were purchased pursuant to Regulation S under the Securities Act of 1933, as amended, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, as amended, or pursuant to an exemption from registration. These securities have been deemed liquid under procedures approved by the Fund's Board of Trustees. As of December 31, 2025, the aggregate fair value of those securities was $9,600,715, representing 0.84% of net assets.*

<sup>(j)</sup> *Issued with a zero coupon. Income is recognized through the accretion of discount.*

<sup>(k)</sup> *Security is currently in default.*

<sup>(l)</sup> *The Level 3 assets were a result of unavailable quoted prices from an active market or the unavailability of other significant observable inputs.*

<sup>(m)</sup> *Step up bond. Coupon changes periodically based upon a predetermined schedule. Interest rate disclosed is that which is in effect at December 31, 2025.*

<sup>(n)</sup> *Interest only securities.*

<sup>(o)</sup> *Principal amount of security is adjusted for inflation.*

*See Notes to Quarterly Schedule of Investments.*

**<u>Futures Contracts Sold:</u>**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Contracts<br> (Short)** | **Expiration<br> Date** | **Notional<br> Value** | **Value and Unrealized<br> Appreciation/(Depreciation)** |
| 10-Yr U.S. Treasury Note Futures | (80) | March 2026 | $9201250 | $84212 |
| US Long Bond Future | (52) | March 2026 | 6010875 | 75911 |
| US Ultra T-Bond | (110) | March 2026 | 12980000 | 255521 |
|  |  |  | $28192125 | $415644 |

---

**<u>Over-the-Counter Total Return Swap Contracts:</u>**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Reference<br> Entity/Obligation** | **Counterparty** | **Pay Notional<br> Amount** | **Financing<br> Rate** | **Termination <br> Date** | **Receive<br> Notional<br> Amount** | **Value and<br> Unrealized<br> Appreciation /<br> (Depreciation)** |
| Carlyle Secured Lending, Inc. | TD Cowen | $5908500 | OBFR + 0.45% | 1/30/26 | $5620500 | $(288000) |
| Morgan Stanley Direct Lending Fund | TD Cowen | 6137550 | OBFR + 0.45% | 1/30/26 | 5685600 | (451950) |
| Oaktree Specialty Lending Corp | TD Cowen | 2852460 | OBFR + 0.45% | 1/30/26 | 2637180 | (215280) |
| PIMCO Dynamic Income Strategy Fund | TD Cowen | 4930239 | OBFR + 0.45% | 1/30/26 | 4298291 | (631948) |
|  |  | $19828749 |  |  | $18241571 | $(1587178) |

---

RiverNorth/Oaktree High Income Fund

SCHEDULE OF INVESTMENTS <br> December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares/Description** | **Shares/Description** | **Value** |
| **BUSINESS DEVELOPMENT COMPANIES - 0.13%** | **BUSINESS DEVELOPMENT COMPANIES - 0.13%** | **BUSINESS DEVELOPMENT COMPANIES - 0.13%** |
| ***United States - 0.13%*** | ***United States - 0.13%*** |  |
| 5000 | FS KKR Capital Corp. | $74050 |
| TOTAL BUSINESS DEVELOPMENT COMPANIES | TOTAL BUSINESS DEVELOPMENT COMPANIES |  |
| (Cost $74,261) | (Cost $74,261) | 74050 |
| **Closed-End Funds - 2.10%** | **Closed-End Funds - 2.10%** |  |
| ***United States - 2.10%*** | ***United States - 2.10%*** |  |
| 100 | BlackRock Corporate High Yield Fund, Inc. | 890 |
| 17286 | BlackRock Multi-Sector Income Trust | 225755 |
| 50000 | Nuveen Floating Rate Income Fund | 391500 |
| 10000 | PIMCO Dynamic Income Fund | 177100 |
| 59882 | Saba Capital Income & Opportunities Fund | 419773 |
| TOTAL CLOSED-END FUNDS | TOTAL CLOSED-END FUNDS |  |
| (Cost $1,225,755) | (Cost $1,225,755) | 1215018 |
| **Common Stocks - 2.35%** | **Common Stocks - 2.35%** |  |
| ***United States - 2.35%*** | ***United States - 2.35%*** |  |
| 10000 | Blue Owl Capital Corp. | 124300 |
| 20000 | Blue Owl Technology Finance Corp. | 290800 |
| 20000 | Morgan Stanley Direct Lending Fund | 329600 |
| 15000 | New Mountain Finance Corp. | 138150 |
| 15000 | Oaktree Specialty Lending Corp. | 191100 |
| 3304 | PHI Group, Inc.<sup>(a)</sup> | 108570 |
| 14219 | TCG BDC, Inc. | 177595 |
| TOTAL COMMON STOCKS | TOTAL COMMON STOCKS |  |
| (Cost $1,315,299) | (Cost $1,315,299) | 1360115 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
| **BANK LOANS - 0.69%<sup>(b)</sup>** | **BANK LOANS - 0.69%<sup>(b)</sup>** | **BANK LOANS - 0.69%<sup>(b)</sup>** | **BANK LOANS - 0.69%<sup>(b)</sup>** | **BANK LOANS - 0.69%<sup>(b)</sup>** |
| ***United States - 0.69%*** | ***United States - 0.69%*** | ***United States - 0.69%*** | ***United States - 0.69%*** | ***United States - 0.69%*** |
| $129627 | AI Aqua Merger Sub, Inc., First Lien | 3M SOFR + 3.00%, 0.50% Floor | 07/31/2028 | 130058 |
| 73175 | EG America LLC | 3M SOFR + 3.50% | 02/07/2028 | 73549 |
| 75480 | Electron BidCo, Inc. TL 1L | 1M SOFR + 2.50% | 10/07/2028 | 75960 |
| 4652 | Naked Juice, LLC | 3M SOFR + 3.25% | 01/24/2029 | 3106 |
| 14588 | Naked Juice, LLC | 3M SOFR + 6.00% | 01/24/2030 | 3971 |
| 120036 | Skopima Consilio Parent LLC, First Lien | 1M SOFR + 3.75%, 0.50% Floor | 05/17/2028 | 109983 |
|  |  |  |  | 396627 |
| TOTAL BANK LOANS | TOTAL BANK LOANS | TOTAL BANK LOANS | TOTAL BANK LOANS | TOTAL BANK LOANS |
| (Cost $404,603) | (Cost $404,603) |  |  | 396627 |
| **HIGH YIELD DEBT- 90.19%** | **HIGH YIELD DEBT- 90.19%** | **HIGH YIELD DEBT- 90.19%** | **HIGH YIELD DEBT- 90.19%** | **HIGH YIELD DEBT- 90.19%** |
| ***Australia - 0.92%*** | ***Australia - 0.92%*** | ***Australia - 0.92%*** | ***Australia - 0.92%*** | ***Australia - 0.92%*** |
| $20000 | Mineral Resources, Ltd.<sup>(c)</sup> | 9.25% | 10/01/2028 | 21008 |
| 330000 | Mineral Resources, Ltd.<sup>(c)</sup> | 8.50% | 05/01/2030 | 343477 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** | **Value** |
| $| 185000 | Nufarm Australia, Ltd. / Nufarm Americas, Inc.<sup>(c)</sup> | 5.00% | 01/27/2030 | $| 170369 |
|  |  |  |  |  |  | 534854 |
| ***Canada - 3.01%*** | ***Canada - 3.01%*** | ***Canada - 3.01%*** | ***Canada - 3.01%*** | ***Canada - 3.01%*** | ***Canada - 3.01%*** | ***Canada - 3.01%*** |
|  | 265000 | 1261229 BC, Ltd.<sup>(c)</sup> | 10.00% | 04/15/2032 |  | 275803 |
|  | 100000 | Bombardier, Inc.<sup>(c)</sup> | 6.00% | 02/15/2028 |  | 100367 |
|  | 90000 | Bombardier, Inc.<sup>(c)</sup> | 8.75% | 11/15/2030 |  | 97349 |
|  | 30000 | Bombardier, Inc.<sup>(c)</sup> | 7.25% | 07/01/2031 |  | 32007 |
|  | 90000 | Bombardier, Inc.<sup>(c)</sup> | 7.00% | 06/01/2032 |  | 95210 |
|  | 120000 | Bombardier, Inc.<sup>(c)</sup> | 6.75% | 06/15/2033 |  | 126989 |
|  | 110000 | Cascades, Inc./Cascades USA, Inc.<sup>(c)</sup> | 5.38% | 01/15/2028 |  | 109788 |
|  | 175000 | Cascades, Inc./Cascades USA, Inc.<sup>(c)</sup> | 6.75% | 07/15/2030 |  | 182439 |
|  | 325000 | Dye & Durham, Ltd.<sup>(c)</sup> | 8.63% | 04/15/2029 |  | 306771 |
|  | 15000 | Garda World Security Corp.<sup>(c)</sup> | 6.50% | 01/15/2031 |  | 15358 |
|  | 170000 | Garda World Security Corp.<sup>(c)</sup> | 8.38% | 11/15/2032 |  | 173413 |
|  | 55000 | goeasy, Ltd.<sup>(c)</sup> | 9.25% | 12/01/2028 |  | 56596 |
|  | 225000 | Mercer International, Inc. | 5.13% | 02/01/2029 |  | 144440 |
|  | 25000 | Precision Drilling Corp.<sup>(c)</sup> | 6.88% | 01/15/2029 |  | 25300 |
|  |  |  |  |  |  | 1741830 |
| ***Finland - 0.47%*** | ***Finland - 0.47%*** | ***Finland - 0.47%*** | ***Finland - 0.47%*** | ***Finland - 0.47%*** | ***Finland - 0.47%*** | ***Finland - 0.47%*** |
|  | 225000 | Mehilainen Yhtiot Oy<sup>(c)</sup> | 5.13% | 06/30/2032 |  | 269136 |
| ***France - 3.03%*** | ***France - 3.03%*** | ***France - 3.03%*** | ***France - 3.03%*** | ***France - 3.03%*** | ***France - 3.03%*** | ***France - 3.03%*** |
|  | 130000 | Afflelou SAS<sup>(d)</sup> | 6.00% | 07/25/2029 |  | 159462 |
|  | 115000 | Altice France SA<sup>(c)</sup> | 6.50% | 10/15/2031 |  | 109295 |
|  | 262355 | Altice France SA<sup>(c)</sup> | 6.50% | 04/15/2032 |  | 251674 |
|  | 100000 | CAB SELAS<sup>(d)</sup> | 3.38% | 02/01/2028 |  | 114540 |
|  | 65000 | Constellium SE<sup>(c)</sup> | 6.38% | 08/15/2032 |  | 67396 |
|  | 140000 | Iliad Holding SAS<sup>(c)</sup> | 5.38% | 04/15/2030 |  | 170230 |
|  | 200000 | Iliad Holding SAS<sup>(d)</sup> | 6.88% | 04/15/2031 |  | 251550 |
|  | 220000 | Opal Bidco SAS<sup>(c)</sup> | 5.50% | 03/31/2032 |  | 267447 |
|  | 200000 | Roquette Freres SA<sup>(b)(e)</sup> |  | Perpetual Maturity |  | 240930 |
|  | 100000 | Valeo SE | 4.63% | 03/23/2032 |  | 117722 |
|  |  |  |  |  |  | 1750246 |
| ***Germany - 2.59%*** | ***Germany - 2.59%*** | ***Germany - 2.59%*** | ***Germany - 2.59%*** | ***Germany - 2.59%*** | ***Germany - 2.59%*** | ***Germany - 2.59%*** |
|  | 100000 | Cheplapharm Arzneimittel GmbH<sup>(d)</sup> | 7.50% | 05/15/2030 |  | 122025 |
|  | 100000 | Cheplapharm Arzneimittel GmbH<sup>(c)</sup> | 7.13% | 06/15/2031 |  | 120512 |
|  | 200000 | CTEC II GmbH<sup>(d)</sup> | 5.25% | 02/15/2030 |  | 220498 |
|  | 205000 | Dynamo Newco II GmbH<sup>(d)</sup> | 6.25% | 10/15/2031 |  | 246000 |
|  | 200000 | IHO Verwaltungs GmbH<sup>(d)(f)</sup> | 7.00% (7.75%) | 11/15/2031 |  | 254509 |
|  | 126000 | Motel One GmbH/Muenchen<sup>(d)</sup> | 7.75% | 04/02/2031 |  | 158387 |
|  | 140000 | Nidda Healthcare Holding GmbH<sup>(c)</sup> | 5.63% | 02/21/2030 |  | 169308 |
|  | 171000 | Techem Verwaltungsgesellschaft 675 mbH<sup>(d)</sup> | 4.63% | 07/15/2032 |  | 203880 |
|  |  |  |  |  |  | 1495119 |
| ***Great Britain - 4.98%*** | ***Great Britain - 4.98%*** | ***Great Britain - 4.98%*** | ***Great Britain - 4.98%*** | ***Great Britain - 4.98%*** | ***Great Britain - 4.98%*** | ***Great Britain - 4.98%*** |
|  | 225000 | Ardonagh Finco, Ltd.<sup>(d)</sup> | 6.88% | 02/15/2031 |  | 273625 |
|  | 190000 | B&M European Value Retail SA | 8.13% | 11/15/2030 |  | 268098 |
|  | 130000 | California Buyer, Ltd. / Atlantica Sustainable Infrastructure PLC<sup>(c)</sup> | 5.63% | 02/15/2032 |  | 156423 |
|  | 100000 | CD&R Firefly Bidco PLC<sup>(c)</sup> | 8.63% | 04/30/2029 |  | 141553 |
|  | 217000 | Deuce Finco PLC<sup>(c)</sup> | 7.00% | 11/20/2031 |  | 295929 |
|  | 120000 | Edge Finco PLC<sup>(d)</sup> | 8.13% | 08/15/2031 |  | 172502 |
|  | 140000 | EG Global Finance PLC<sup>(d)</sup> | 11.00% | 11/30/2028 |  | 178644 |
|  | 105000 | Galaxy Bidco, Ltd.<sup>(c)</sup> | 8.13% | 12/19/2029 |  | 149168 |
|  | 105000 | Heathrow Finance PLC | 6.63% | 03/01/2031 |  | 142547 |
|  | 220000 | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC<sup>(c)</sup> | 8.13% | 02/15/2032 |  | 227285 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** | **Value** |
| $| 200000 | INEOS Finance PLC<sup>(c)</sup> | 7.50% | 04/15/2029 | $| 173921 |
|  | 105000 | INEOS Quattro Finance 2 PLC<sup>(c)</sup> | 6.75% | 04/15/2030 |  | 91957 |
|  | 105000 | Miller Homes Group Finco PLC<sup>(b)(c)</sup> | 3M EUR L + 4.25% | 10/15/2030 |  | 125461 |
|  | 40000 | Virgin Media Finance PLC<sup>(c)</sup> | 5.00% | 07/15/2030 |  | 35304 |
|  | 225000 | Vmed O2 UK Financing I PLC<sup>(c)</sup> | 4.75% | 07/15/2031 |  | 207899 |
|  | 200000 | Vmed O2 UK Financing I PLC<sup>(d)</sup> | 4.50% | 07/15/2031 |  | 240191 |
|  |  |  |  |  |  | 2880507 |
| ***Ireland - 0.68%*** | ***Ireland - 0.68%*** | ***Ireland - 0.68%*** | ***Ireland - 0.68%*** | ***Ireland - 0.68%*** | ***Ireland - 0.68%*** | ***Ireland - 0.68%*** |
|  | 130000 | Adient Global Holdings, Ltd.<sup>(c)</sup> | 7.50% | 02/15/2033 |  | 134265 |
|  | 216000 | eircom Finance DAC | 5.00% | 04/30/2031 |  | 258670 |
|  |  |  |  |  |  | 392935 |
| ***Italy - 2.68%*** | ***Italy - 2.68%*** | ***Italy - 2.68%*** | ***Italy - 2.68%*** | ***Italy - 2.68%*** | ***Italy - 2.68%*** | ***Italy - 2.68%*** |
|  | 100000 | Cedacri SpA<sup>(b)(c)</sup> | 3M EUR L + 4.63% | 05/15/2028 |  | 118944 |
|  | 205000 | Dolcetto Holdco SpA<sup>(c)</sup> | 5.63% | 07/14/2032 |  | 245130 |
|  | 63000 | Fibercop SpA<sup>(c)</sup> | 6.38% | 11/15/2033 |  | 62586 |
|  | 90000 | Fibercop SpA<sup>(c)</sup> | 6.00% | 09/30/2034 |  | 85711 |
|  | 125000 | Irca SpA<sup>(b)(c)</sup> | 3M EUR L + 3.75% | 12/15/2029 |  | 149637 |
|  | 210000 | Kepler SpA<sup>(b)(c)</sup> | 3M EUR L + 4.13% | 12/18/2029 |  | 250897 |
|  | 100000 | Neopharmed Gentili SPA<sup>(d)</sup> | 7.13% | 04/08/2030 |  | 122712 |
|  | 115000 | Neopharmed Gentili SPA<sup>(c)</sup> | 7.13% | 04/08/2030 |  | 141118 |
|  | 150000 | Sammontana Italia SpA<sup>(b)(d)</sup> | 3M EUR L + 3.75% | 10/15/2031 |  | 178367 |
|  | 165000 | TeamSystem SpA<sup>(c)</sup> | 5.00% | 07/01/2031 |  | 196055 |
|  |  |  |  |  |  | 1551157 |
| ***Japan - 0.92%*** | ***Japan - 0.92%*** | ***Japan - 0.92%*** | ***Japan - 0.92%*** | ***Japan - 0.92%*** | ***Japan - 0.92%*** | ***Japan - 0.92%*** |
|  | 140000 | Nissan Motor Co., Ltd.<sup>(c)</sup> | 7.50% | 07/17/2030 |  | 147033 |
|  | 145000 | Nissan Motor Co., Ltd.<sup>(c)</sup> | 7.75% | 07/17/2032 |  | 154151 |
|  | 215000 | Nissan Motor Co., Ltd.<sup>(c)</sup> | 8.13% | 07/17/2035 |  | 228657 |
|  |  |  |  |  |  | 529841 |
| ***Jersey - 0.23%*** | ***Jersey - 0.23%*** | ***Jersey - 0.23%*** | ***Jersey - 0.23%*** | ***Jersey - 0.23%*** | ***Jersey - 0.23%*** | ***Jersey - 0.23%*** |
|  | 135000 | Toucan FinCo, Ltd./Toucan FinCo Can, Inc./Toucan FinCo US LLC<sup>(c)</sup> | 9.50% | 05/15/2030 |  | 134937 |
| ***Luxembourg - 3.28%*** | ***Luxembourg - 3.28%*** | ***Luxembourg - 3.28%*** | ***Luxembourg - 3.28%*** | ***Luxembourg - 3.28%*** | ***Luxembourg - 3.28%*** | ***Luxembourg - 3.28%*** |
|  | 132000 | Aegis Lux 1a Sarl<sup>(c)(f)</sup> | 5.63% (6.375%) | 10/29/2031 |  | 157443 |
|  | 95000 | Albion Financing 1 SARL / Aggreko Holdings, Inc.<sup>(c)</sup> | 7.00% | 05/21/2030 |  | 99537 |
|  | 100000 | Albion Financing 1 SARL / Aggreko Holdings, Inc.<sup>(c)</sup> | 5.38% | 05/21/2030 |  | 121443 |
|  | 155000 | Aramark International Finance Sarl<sup>(c)</sup> | 4.38% | 04/15/2033 |  | 182578 |
|  | 245000 | Eurofins Scientific SE<sup>(b)(e)</sup> | 3M EUR L + 3.19% | Perpetual Maturity |  | 302851 |
|  | 167625 | LHMC Finco 2 Sarl<sup>(d)(f)</sup> | 9.38% (9.375%) | 05/15/2030 |  | 205208 |
|  | 165000 | Luna 2 5SARL<sup>(c)</sup> | 5.50% | 07/01/2032 |  | 198097 |
|  | 100000 | Sani/Ikos Financial Holdings 1 Sarl<sup>(d)</sup> | 7.25% | 07/31/2030 |  | 123626 |
|  | 100000 | Sani/Ikos Financial Holdings 1 Sarl<sup>(c)</sup> | 7.25% | 07/31/2030 |  | 123626 |
|  | 16000 | Telecom Italia Capital SA | 6.38% | 11/15/2033 |  | 16846 |
|  | 335000 | Telecom Italia Capital SA | 7.20% | 07/18/2036 |  | 364941 |
|  |  |  |  |  |  | 1896196 |
| ***Netherlands - 2.14%*** | ***Netherlands - 2.14%*** | ***Netherlands - 2.14%*** | ***Netherlands - 2.14%*** | ***Netherlands - 2.14%*** | ***Netherlands - 2.14%*** | ***Netherlands - 2.14%*** |
|  | 125000 | Boels Topholding BV<sup>(d)</sup> | 5.75% | 05/15/2030 |  | 152218 |
|  | 110000 | Flora Food Management BV<sup>(c)</sup> | 6.88% | 07/02/2029 |  | 128657 |
|  | 100000 | Odido Group Holding BV<sup>(d)</sup> | 5.50% | 01/15/2030 |  | 118447 |
|  | 215000 | Sunrise FinCo I BV<sup>(d)</sup> | 4.63% | 05/15/2032 |  | 255707 |
|  | 200000 | Telefonica Europe BV<sup>(b)(e)</sup> |  | Perpetual Maturity |  | 249268 |
|  | 100000 | Telefonica Europe BV<sup>(b)(e)</sup> | 8Y EUR SWAP + 3.62% | Perpetual Maturity |  | 130144 |
|  | 203000 | VZ Secured Financing BV<sup>(c)</sup> | 7.50% | 01/15/2033 |  | 205854 |
|  |  |  |  |  |  | 1240295 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
| ***Spain - 0.95%*** | ***Spain - 0.95%*** | ***Spain - 0.95%*** | ***Spain - 0.95%*** | ***Spain - 0.95%*** |
| $113000 | Eroski S Coop<sup>(c)</sup> | 5.75% | 05/15/2031 | $137888 |
| 139000 | Gestamp Automocion SA<sup>(c)</sup> | 4.38% | 10/15/2030 | 165110 |
| 200000 | Grifols SA<sup>(c)</sup> | 7.13% | 05/01/2030 | 247296 |
|  |  |  |  | 550294 |
| ***Sweden - 0.53%*** | ***Sweden - 0.53%*** | ***Sweden - 0.53%*** | ***Sweden - 0.53%*** | ***Sweden - 0.53%*** |
| 100000 | Asmodee Group AB<sup>(c)</sup> | 4.25% | 12/15/2031 | 118639 |
| 151000 | Assemblin Caverion Group AB<sup>(d)</sup> | 6.25% | 07/01/2030 | 185168 |
|  |  |  |  | 303807 |
| ***United States - 63.78%*** | ***United States - 63.78%*** | ***United States - 63.78%*** | ***United States - 63.78%*** | ***United States - 63.78%*** |
| 40000 | Academy, Ltd.<sup>(c)</sup> | 6.00% | 11/15/2027 | 40171 |
| 340000 | Acadia Healthcare Co., Inc.<sup>(c)</sup> | 7.38% | 03/15/2033 | 343826 |
| 95000 | ACCO Brands Corp.<sup>(c)</sup> | 4.25% | 03/15/2029 | 88196 |
| 210000 | ADT Security Corp.<sup>(c)</sup> | 5.88% | 10/15/2033 | 212817 |
| 25000 | Advance Auto Parts, Inc.<sup>(c)</sup> | 7.00% | 08/01/2030 | 25229 |
| 90000 | Advance Auto Parts, Inc.<sup>(c)</sup> | 7.38% | 08/01/2033 | 90421 |
| 25000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer<sup>(c)</sup> | 7.00% | 01/15/2031 | 25954 |
| 275000 | Allied Universal Holdco LLC<sup>(c)</sup> | 7.88% | 02/15/2031 | 289980 |
| 200000 | Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl<sup>(c)</sup> | 4.63% | 06/01/2028 | 196925 |
| 70000 | Alpha Generation LLC<sup>(c)</sup> | 6.75% | 10/15/2032 | 72501 |
| 85000 | Alpha Generation LLC<sup>(c)</sup> | 6.25% | 01/15/2034 | 85922 |
| 150000 | AMC Networks, Inc.<sup>(c)</sup> | 10.25% | 01/15/2029 | 157394 |
| 4000 | AMC Networks, Inc. | 4.25% | 02/15/2029 | 3558 |
| 75000 | AMC Networks, Inc.<sup>(c)</sup> | 10.50% | 07/15/2032 | 82924 |
| 75000 | American Airlines, Inc.<sup>(c)</sup> | 7.25% | 02/15/2028 | 76710 |
| 45000 | American Airlines, Inc.<sup>(c)</sup> | 8.50% | 05/15/2029 | 47093 |
| 75000 | AmeriGas Partners LP / AmeriGas Finance Corp. | 5.75% | 05/20/2027 | 75472 |
| 225000 | AmeriGas Partners LP / AmeriGas Finance Corp.<sup>(c)</sup> | 9.38% | 06/01/2028 | 234052 |
| 145000 | Anywhere Real Estate Group LLC / Anywhere Co.-Issuer Corp.<sup>(c)</sup> | 7.00% | 04/15/2030 | 144974 |
| 65000 | Anywhere Real Estate Group LLC / Realogy Co.-Issuer Corp.<sup>(c)</sup> | 5.75% | 01/15/2029 | 63179 |
| 235000 | Arches Buyer, Inc.<sup>(c)</sup> | 4.25% | 06/01/2028 | 230818 |
| 65000 | Arsenal AIC Parent LLC<sup>(c)</sup> | 8.00% | 10/01/2030 | 69057 |
| 80000 | Ascent Resources Utica Holdings LLC / ARU Finance Corp.<sup>(c)</sup> | 6.63% | 07/15/2033 | 82854 |
| 115000 | Asurion LLC and Asurion Co.-Issuer, Inc.<sup>(c)</sup> | 8.00% | 12/31/2032 | 119385 |
| 245000 | AthenaHealth Group, Inc.<sup>(c)</sup> | 6.50% | 02/15/2030 | 244471 |
| 85000 | Avient Corp.<sup>(c)</sup> | 7.13% | 08/01/2030 | 87833 |
| 165000 | Beach Acquisition Bidco LLC<sup>(c)</sup> | 5.25% | 07/15/2032 | 197881 |
| 105000 | Beacon Mobility Corp.<sup>(c)</sup> | 7.25% | 08/01/2030 | 109881 |
| 145000 | BellRing Brands, Inc.<sup>(c)</sup> | 7.00% | 03/15/2030 | 150024 |
| 60000 | Big River Steel LLC / BRS Finance Corp.<sup>(c)</sup> | 6.63% | 01/31/2029 | 60554 |
| 387000 | BlackRock TCP Capital Corp. | 6.95% | 05/30/2029 | 388854 |
| 240000 | Block Communications, Inc.<sup>(c)</sup> | 4.88% | 03/01/2028 | 224370 |
| 165000 | Bloomin' Brands, Inc. / OSI Restaurant Partners LLC<sup>(c)</sup> | 5.13% | 04/15/2029 | 150559 |
| 105000 | Blue Racer Midstream LLC / Blue Racer Finance Corp.<sup>(c)</sup> | 7.00% | 07/15/2029 | 109980 |
| 60000 | Blue Racer Midstream LLC / Blue Racer Finance Corp.<sup>(c)</sup> | 7.25% | 07/15/2032 | 63712 |
| 215000 | BlueLinx Holdings, Inc.<sup>(c)</sup> | 6.00% | 11/15/2029 | 211735 |
| 205000 | Boots Group Finco LP<sup>(c)</sup> | 5.38% | 08/31/2032 | 249362 |
| 45000 | Buckeye Partners LP<sup>(c)</sup> | 4.50% | 03/01/2028 | 44872 |
| 105000 | Buckeye Partners LP<sup>(c)</sup> | 6.88% | 07/01/2029 | 109618 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
| $175000 | Cable One, Inc.<sup>(g)</sup> | 0.00% | 03/15/2026 | $172813 |
| 70000 | Cablevision Lightpath LLC<sup>(c)</sup> | 3.88% | 09/15/2027 | 68583 |
| 337000 | Cablevision Lightpath LLC<sup>(c)</sup> | 5.63% | 09/15/2028 | 331071 |
| 245000 | Caesars Entertainment, Inc.<sup>(c)</sup> | 6.00% | 10/15/2032 | 238436 |
| 115000 | California Resources Corp.<sup>(c)</sup> | 7.00% | 01/15/2034 | 113349 |
| 50000 | CCO Holdings LLC / CCO Holdings Capital Corp.<sup>(c)</sup> | 5.50% | 05/01/2026 | 50108 |
| 175000 | CCO Holdings LLC / CCO Holdings Capital Corp.<sup>(c)</sup> | 6.38% | 09/01/2029 | 177494 |
| 120000 | CCO Holdings LLC / CCO Holdings Capital Corp.<sup>(c)</sup> | 4.75% | 03/01/2030 | 114680 |
| 145000 | CCO Holdings LLC / CCO Holdings Capital Corp.<sup>(c)</sup> | 7.38% | 03/01/2031 | 148062 |
| 250000 | CCO Holdings LLC / CCO Holdings Capital Corp.<sup>(c)</sup> | 4.50% | 06/01/2033 | 219124 |
| 240000 | CCO Holdings LLC / CCO Holdings Capital Corp.<sup>(c)</sup> | 4.25% | 01/15/2034 | 204294 |
| 55000 | Celanese US Holdings LLC | 7.00% | 02/15/2031 | 56345 |
| 410000 | Celanese US Holdings LLC | 6.75% | 04/15/2033 | 408220 |
| 55000 | Century Communities, Inc.<sup>(c)</sup> | 6.63% | 09/15/2033 | 55654 |
| 35000 | Chart Industries, Inc.<sup>(c)</sup> | 9.50% | 01/01/2031 | 37175 |
| 40000 | CHS/Community Health Systems, Inc.<sup>(c)</sup> | 6.00% | 01/15/2029 | 40144 |
| 165000 | CHS/Community Health Systems, Inc.<sup>(c)</sup> | 5.25% | 05/15/2030 | 155264 |
| 167000 | CHS/Community Health Systems, Inc.<sup>(c)</sup> | 10.88% | 01/15/2032 | 182479 |
| 65000 | CHS/Community Health Systems, Inc.<sup>(c)</sup> | 9.75% | 01/15/2034 | 68353 |
| 10000 | Churchill Downs, Inc.<sup>(c)</sup> | 4.75% | 01/15/2028 | 10001 |
| 55000 | Churchill Downs, Inc.<sup>(c)</sup> | 5.75% | 04/01/2030 | 55568 |
| 100000 | Churchill Downs, Inc.<sup>(c)</sup> | 6.75% | 05/01/2031 | 103817 |
| 65000 | Clear Channel Outdoor Holdings, Inc.<sup>(c)</sup> | 7.88% | 04/01/2030 | 68731 |
| 125000 | Cleveland-Cliffs, Inc.<sup>(c)</sup> | 7.00% | 03/15/2032 | 128281 |
| 275000 | Cloud Software Group, Inc.<sup>(c)</sup> | 6.50% | 03/31/2029 | 278780 |
| 210000 | Cloud Software Group, Inc.<sup>(c)</sup> | 8.25% | 06/30/2032 | 219574 |
| 35000 | Cloud Software Group, Inc.<sup>(c)</sup> | 6.63% | 08/15/2033 | 34709 |
| 85000 | Clydesdale Acquisition Holdings, Inc.<sup>(c)</sup> | 6.63% | 04/15/2029 | 86778 |
| 35000 | Clydesdale Acquisition Holdings, Inc.<sup>(c)</sup> | 6.88% | 01/15/2030 | 35919 |
| 30000 | Cogent Communications Group LLC / Cogent Finance, Inc.<sup>(c)</sup> | 7.00% | 06/15/2027 | 30122 |
| 45000 | Cogent Communications Group LLC / Cogent Finance, Inc.<sup>(c)</sup> | 7.00% | 06/15/2027 | 45131 |
| 110000 | Cogent Communications Group LLC / Cogent Finance, Inc.<sup>(c)</sup> | 6.50% | 07/01/2032 | 103010 |
| 115000 | Commercial Metals Co.<sup>(c)</sup> | 5.75% | 11/15/2033 | 117658 |
| 90000 | Commercial Metals Co.<sup>(c)</sup> | 6.00% | 12/15/2035 | 92316 |
| 25000 | CommScope LLC<sup>(c)</sup> | 7.13% | 07/01/2028 | 25151 |
| 273000 | CommScope LLC<sup>(c)</sup> | 4.75% | 09/01/2029 | 272830 |
| 80000 | Comstock Resources, Inc.<sup>(c)</sup> | 6.75% | 03/01/2029 | 80233 |
| 125000 | Comstock Resources, Inc.<sup>(c)</sup> | 6.75% | 03/01/2029 | 124847 |
| 50000 | Comstock Resources, Inc.<sup>(c)</sup> | 5.88% | 01/15/2030 | 48668 |
| 65000 | Coty, Inc./HFC Prestige Products Inc/HFC Prestige International US LLC<sup>(c)</sup> | 6.63% | 07/15/2030 | 66844 |
| 225000 | Cougar JV Subsidiary LLC<sup>(c)</sup> | 8.00% | 05/15/2032 | 241382 |
| 250000 | CQP Holdco LP / BIP-V Chinook Holdco LLC<sup>(c)</sup> | 7.50% | 12/15/2033 | 269080 |
| 115000 | CrossCountry Intermediate HoldCo LLC<sup>(c)</sup> | 6.50% | 10/01/2030 | 117443 |
| 45000 | CrossCountry Intermediate HoldCo LLC<sup>(c)</sup> | 6.75% | 12/01/2032 | 45955 |
| 460000 | CSC Holdings LLC<sup>(c)</sup> | 5.50% | 04/15/2027 | 394751 |
| 115000 | CSC Holdings LLC<sup>(c)</sup> | 5.75% | 01/15/2030 | 42607 |
| 25000 | CSC Holdings LLC<sup>(c)</sup> | 5.00% | 11/15/2031 | 8951 |
| 110000 | Cushman & Wakefield US Borrower LLC<sup>(c)</sup> | 8.88% | 09/01/2031 | 117772 |
| 145000 | CVR Energy, Inc.<sup>(c)</sup> | 5.75% | 02/15/2028 | 143564 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
| $185000 | DaVita, Inc.<sup>(c)</sup> | 6.88% | 09/01/2032 | $192690 |
| 60000 | DaVita, Inc.<sup>(c)</sup> | 6.75% | 07/15/2033 | 62260 |
| 80000 | Dcli Bidco LLC<sup>(c)</sup> | 7.75% | 11/15/2029 | 82297 |
| 180000 | Diebold Nixdorf, Inc.<sup>(c)</sup> | 7.75% | 03/31/2030 | 192000 |
| 50000 | Directv Financing LLC<sup>(c)</sup> | 8.88% | 02/01/2030 | 50652 |
| 80000 | Directv Financing LLC / Directv Financing Co.-Obligor, Inc.<sup>(c)</sup> | 5.88% | 08/15/2027 | 80514 |
| 155000 | Electronic Arts, Inc. | 2.95% | 02/15/2051 | 143263 |
| 100000 | EMRLD Borrower LP / Emerald Co.-Issuer, Inc.<sup>(c)</sup> | 6.38% | 12/15/2030 | 122818 |
| 85000 | Endo Finance Holdings, Inc.<sup>(c)</sup> | 8.50% | 04/15/2031 | 89946 |
| 180000 | EQT Corp. | 4.75% | 01/15/2031 | 181240 |
| 80000 | EquipmentShare.com, Inc.<sup>(c)</sup> | 8.00% | 03/15/2033 | 84278 |
| 95000 | EZCORP, Inc.<sup>(c)</sup> | 7.38% | 04/01/2032 | 101029 |
| 50000 | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.<sup>(c)</sup> | 6.75% | 01/15/2030 | 47575 |
| 90000 | Fiesta Purchaser, Inc.<sup>(c)</sup> | 7.88% | 03/01/2031 | 94273 |
| 130000 | Fiesta Purchaser, Inc.<sup>(c)</sup> | 9.63% | 09/15/2032 | 136567 |
| 10000 | FirstCash, Inc.<sup>(c)</sup> | 4.63% | 09/01/2028 | 9980 |
| 170000 | FirstCash, Inc.<sup>(c)</sup> | 5.63% | 01/01/2030 | 171378 |
| 50000 | FirstCash, Inc.<sup>(c)</sup> | 6.88% | 03/01/2032 | 52073 |
| 55000 | Five Point Operating Co. LP<sup>(c)</sup> | 8.00% | 10/01/2030 | 57544 |
| 45000 | Ford Motor Credit Co. LLC | 6.50% | 02/07/2035 | 46637 |
| 70000 | Ford Motor Credit Co. LLC | 5.87% | 10/31/2035 | 69161 |
| 160000 | Fortress Intermediate 3, Inc.<sup>(c)</sup> | 7.50% | 06/01/2031 | 167150 |
| 650000 | Franklin BSP Capital Corp. | 3.25% | 03/30/2026 | 647010 |
| 600000 | Franklin BSP Capital Corp. | 7.20% | 06/15/2029 | 618629 |
| 35000 | Freedom Mortgage Corp.<sup>(c)</sup> | 12.25% | 10/01/2030 | 38843 |
| 140000 | Freedom Mortgage Holdings LLC<sup>(c)</sup> | 9.13% | 05/15/2031 | 150543 |
| 105000 | Freedom Mortgage Holdings LLC<sup>(c)</sup> | 8.38% | 04/01/2032 | 110611 |
| 10000 | Frontier Communications Holdings LLC<sup>(c)</sup> | 5.00% | 05/01/2028 | 10027 |
| 20000 | Frontier Communications Holdings LLC<sup>(c)</sup> | 8.75% | 05/15/2030 | 20906 |
| 200000 | FS KKR Capital Corp. | 6.88% | 08/15/2029 | 201704 |
| 500000 | FS KKR Capital Corp. | 6.13% | 01/15/2030 | 492358 |
| 200000 | FTAI Aviation Investors LLC<sup>(c)</sup> | 5.50% | 05/01/2028 | 200609 |
| 23000 | FTAI Aviation Investors LLC<sup>(c)</sup> | 7.88% | 12/01/2030 | 24545 |
| 235000 | FTAI Aviation Investors LLC<sup>(c)</sup> | 7.00% | 06/15/2032 | 247225 |
| 155000 | Global Partners LP / GLP Finance Corp.<sup>(c)</sup> | 7.13% | 07/01/2033 | 158433 |
| 145000 | Gray Media, Inc.<sup>(c)</sup> | 9.63% | 07/15/2032 | 150586 |
| 70000 | Gray Media, Inc.<sup>(c)</sup> | 7.25% | 08/15/2033 | 71570 |
| 115000 | Great Lakes Dredge & Dock Corp.<sup>(c)</sup> | 5.25% | 06/01/2029 | 112697 |
| 120000 | Greystar Real Estate Partners LLC<sup>(c)</sup> | 7.75% | 09/01/2030 | 126577 |
| 80000 | Hawaiian Electric Co., Inc.<sup>(c)</sup> | 6.00% | 10/01/2033 | 81152 |
| 90000 | Herc Holdings, Inc.<sup>(c)</sup> | 6.63% | 06/15/2029 | 93761 |
| 55000 | Herc Holdings, Inc.<sup>(c)</sup> | 6.00% | 03/15/2034 | 55767 |
| 250000 | Hilton Domestic Operating Co., Inc.<sup>(c)</sup> | 5.50% | 03/31/2034 | 251843 |
| 230000 | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower, Inc.<sup>(c)</sup> | 5.00% | 06/01/2029 | 223557 |
| 130000 | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower, Inc.<sup>(c)</sup> | 4.88% | 07/01/2031 | 121465 |
| 135000 | HLF Financing Sarl LLC / Herbalife International, Inc.<sup>(c)</sup> | 4.88% | 06/01/2029 | 126970 |
| 95000 | Howard Midstream Energy Partners LLC<sup>(c)</sup> | 6.63% | 01/15/2034 | 97641 |
| 45000 | HUB International, Ltd.<sup>(c)</sup> | 5.63% | 12/01/2029 | 45026 |
| 80000 | HUB International, Ltd.<sup>(c)</sup> | 7.25% | 06/15/2030 | 84038 |
| 255000 | Hunt Companies, Inc.<sup>(c)</sup> | 5.25% | 04/15/2029 | 250046 |
| 55000 | iHeartCommunications, Inc.<sup>(c)</sup> | 9.13% | 05/01/2029 | 53016 |
| 75000 | Inversion Escrow Issuer LLC<sup>(c)</sup> | 6.75% | 08/01/2032 | 74964 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
| $15000 | Iron Mountain, Inc.<sup>(c)</sup> | 5.00% | 07/15/2028 | $15013 |
| 55000 | Iron Mountain, Inc.<sup>(c)</sup> | 7.00% | 02/15/2029 | 56532 |
| 55000 | Iron Mountain, Inc.<sup>(c)</sup> | 5.25% | 07/15/2030 | 54377 |
| 135000 | JB Poindexter & Co., Inc.<sup>(c)</sup> | 8.75% | 12/15/2031 | 141578 |
| 85000 | JELD-WEN, Inc.<sup>(c)</sup> | 7.00% | 09/01/2032 | 58482 |
| 395000 | JetBlue Airways Corp. | 0.50% | 04/01/2026 | 388483 |
| 55000 | K Hovnanian Enterprises, Inc.<sup>(c)</sup> | 8.00% | 04/01/2031 | 56176 |
| 75000 | K Hovnanian Enterprises, Inc.<sup>(c)</sup> | 8.38% | 10/01/2033 | 76279 |
| 310000 | Kennedy-Wilson, Inc. | 4.75% | 02/01/2030 | 292439 |
| 230000 | Kinetik Holdings LP<sup>(c)</sup> | 6.63% | 12/15/2028 | 236967 |
| 55000 | Kinetik Holdings LP<sup>(c)</sup> | 5.88% | 06/15/2030 | 55526 |
| 80000 | Kodiak Gas Services LLC<sup>(c)</sup> | 6.50% | 10/01/2033 | 81739 |
| 90000 | Kodiak Gas Services LLC<sup>(c)</sup> | 6.75% | 10/01/2035 | 92581 |
| 70000 | Kraken Oil & Gas Partners LLC<sup>(c)</sup> | 7.63% | 08/15/2029 | 69388 |
| 120000 | Kronos International, Inc.<sup>(d)</sup> | 9.50% | 03/15/2029 | 132089 |
| 155000 | LBM Acquisition LLC<sup>(c)</sup> | 6.25% | 01/15/2029 | 139643 |
| 295000 | LCM Investments Holdings II LLC<sup>(c)</sup> | 8.25% | 08/01/2031 | 312198 |
| 150000 | Level 3 Financing, Inc.<sup>(c)</sup> | 7.00% | 03/31/2034 | 154706 |
| 55000 | Level 3 Financing, Inc.<sup>(c)</sup> | 8.50% | 01/15/2036 | 56393 |
| 260000 | LFS Topco LLC<sup>(c)</sup> | 8.75% | 07/15/2030 | 261905 |
| 130000 | LifePoint Health, Inc.<sup>(c)</sup> | 8.38% | 02/15/2032 | 141217 |
| 50000 | Marriott Ownership Resorts, Inc. | 4.75% | 01/15/2028 | 49286 |
| 215000 | Marriott Ownership Resorts, Inc.<sup>(c)</sup> | 4.50% | 06/15/2029 | 205575 |
| 65000 | Marriott Ownership Resorts, Inc.<sup>(c)</sup> | 6.50% | 10/01/2033 | 62539 |
| 155000 | Match Group Financeco 2, Inc.<sup>(c)</sup> | 0.88% | 06/15/2026 | 152683 |
| 210000 | Mativ Holdings, Inc.<sup>(c)</sup> | 8.00% | 10/01/2029 | 212368 |
| 110000 | Medline Borrower LP<sup>(c)</sup> | 5.25% | 10/01/2029 | 110660 |
| 220000 | MPT Operating Partnership LP / MPT Finance Corp. | 5.00% | 10/15/2027 | 213231 |
| 120000 | Nabors Industries, Inc.<sup>(c)</sup> | 7.63% | 11/15/2032 | 118021 |
| 80000 | NCL Corp., Ltd.<sup>(c)</sup> | 7.75% | 02/15/2029 | 85210 |
| 70000 | NCL Corp., Ltd.<sup>(c)</sup> | 6.25% | 09/15/2033 | 70004 |
| 115000 | NCR Atleos Corp.<sup>(c)</sup> | 9.50% | 04/01/2029 | 124885 |
| 34000 | NCR Voyix Corp.<sup>(c)</sup> | 5.13% | 04/15/2029 | 33864 |
| 35000 | New Enterprise Stone & Lime Co., Inc.<sup>(c)</sup> | 9.75% | 07/15/2028 | 35450 |
| 175000 | Northern Oil & Gas, Inc.<sup>(c)</sup> | 7.88% | 10/15/2033 | 170500 |
| 260000 | Novelis Corp.<sup>(c)</sup> | 6.88% | 01/30/2030 | 270099 |
| 260000 | NRG Energy, Inc.<sup>(c)</sup> | 3.63% | 02/15/2031 | 243114 |
| 150000 | NRG Energy, Inc.<sup>(c)</sup> | 6.00% | 01/15/2036 | 152065 |
| 5000 | NuStar Logistics LP | 6.00% | 06/01/2026 | 5028 |
| 28000 | NuStar Logistics LP | 6.38% | 10/01/2030 | 29488 |
| 155000 | Oceaneering International, Inc. | 6.00% | 02/01/2028 | 157334 |
| 115000 | Olympus Water US Holding Corp.<sup>(c)</sup> | 4.25% | 10/01/2028 | 111718 |
| 65000 | Olympus Water US Holding Corp.<sup>(c)</sup> | 6.25% | 10/01/2029 | 63309 |
| 95000 | Olympus Water US Holding Corp.<sup>(c)</sup> | 7.25% | 02/15/2033 | 95556 |
| 109000 | Olympus Water US Holding Corp.<sup>(c)</sup> | 6.13% | 02/15/2033 | 127501 |
| 40000 | OneMain Finance Corp. | 7.88% | 03/15/2030 | 42319 |
| 20000 | OneMain Finance Corp. | 7.13% | 11/15/2031 | 20892 |
| 265000 | ONEOK, Inc. | 5.05% | 04/01/2045 | 232694 |
| 20000 | Outfront Media Capital LLC / Outfront Media Capital Corp.<sup>(c)</sup> | 5.00% | 08/15/2027 | 20120 |
| 135000 | Owens-Brockway Glass Container, Inc.<sup>(c)</sup> | 7.25% | 05/15/2031 | 137974 |
| 200000 | Owens-Brockway Glass Container, Inc.<sup>(c)</sup> | 7.38% | 06/01/2032 | 203152 |
| 140000 | Panther Escrow Issuer LLC<sup>(c)</sup> | 7.13% | 06/01/2031 | 145163 |
| 70000 | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer<sup>(c)</sup> | 5.88% | 10/01/2028 | 70102 |
| 45000 | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer<sup>(c)</sup> | 7.00% | 02/01/2030 | 46353 |
| 62000 | Pebblebrook Hotel Trust | 1.75% | 12/15/2026 | 59985 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** |
| $79000 | Pebblebrook Hotel Trust<sup>(c)</sup> | 1.63% | 01/15/2030 | $76867 |
| 145000 | Pediatrix Medical Group, Inc.<sup>(c)</sup> | 5.38% | 02/15/2030 | 145132 |
| 235000 | PennyMac Financial Services, Inc.<sup>(c)</sup> | 6.88% | 02/15/2033 | 245493 |
| 105000 | Perimeter Holdings LLC<sup>(c)</sup> | 6.25% | 01/15/2034 | 104382 |
| 280000 | PetSmart LLC / PetSmart Finance Corp.<sup>(c)</sup> | 7.50% | 09/15/2032 | 285289 |
| 435000 | Post Holdings, Inc.<sup>(c)</sup> | 6.38% | 03/01/2033 | 439776 |
| 165000 | Quikrete Holdings, Inc.<sup>(c)</sup> | 6.75% | 03/01/2033 | 172422 |
| 336000 | QVC, Inc.<sup>(c)</sup> | 6.88% | 04/15/2029 | 147143 |
| 100000 | Railworks Holdings LP / Railworks Rally, Inc.<sup>(c)</sup> | 8.25% | 11/15/2028 | 100953 |
| 100000 | RAY Financing LLC<sup>(d)</sup> | 6.50% | 07/15/2031 | 119989 |
| 100000 | RAY Financing LLC<sup>(c)</sup> | 6.50% | 07/15/2031 | 119989 |
| 120000 | RHP Hotel Properties LP / RHP Finance Corp.<sup>(c)</sup> | 7.25% | 07/15/2028 | 123823 |
| 145000 | RHP Hotel Properties LP / RHP Finance Corp.<sup>(c)</sup> | 6.50% | 04/01/2032 | 150477 |
| 40000 | RLJ Lodging Trust LP<sup>(c)</sup> | 4.00% | 09/15/2029 | 37972 |
| 20000 | Rocket Cos., Inc.<sup>(c)</sup> | 7.13% | 02/01/2032 | 21049 |
| 55000 | Rocket Cos., Inc.<sup>(c)</sup> | 6.38% | 08/01/2033 | 57413 |
| 75000 | Rocket Mortgage LLC / Rocket Mortgage Co.-Issuer, Inc.<sup>(c)</sup> | 4.00% | 10/15/2033 | 69736 |
| 115000 | Rocket Software, Inc.<sup>(c)</sup> | 9.00% | 11/28/2028 | 118676 |
| 135000 | Royal Caribbean Cruises, Ltd.<sup>(c)</sup> | 6.25% | 03/15/2032 | 139740 |
| 170000 | Sally Holdings LLC / Sally Capital, Inc. | 6.75% | 03/01/2032 | 177734 |
| 98000 | Sealed Air Corp./Sealed Air Corp US<sup>(c)</sup> | 7.25% | 02/15/2031 | 102174 |
| 141000 | Service Properties Trust<sup>(c)</sup> | 8.63% | 11/15/2031 | 148395 |
| 330000 | Service Properties Trust | 8.88% | 06/15/2032 | 325810 |
| 245000 | Sirius XM Radio LLC<sup>(c)</sup> | 4.13% | 07/01/2030 | 233176 |
| 80000 | Six Flags Entertainment Corp.<sup>(c)</sup> | 5.50% | 04/15/2027 | 79624 |
| 175000 | Six Flags Entertainment Corp.<sup>(c)</sup> | 7.25% | 05/15/2031 | 168050 |
| 130000 | Six Flags Entertainment Corp. / Canada's Wonderland Co. / Magnum Management Corp | 5.25% | 07/15/2029 | 121317 |
| 112000 | SM Energy Co.<sup>(c)</sup> | 7.00% | 08/01/2032 | 110174 |
| 255000 | Sotera Health Holdings LLC<sup>(c)</sup> | 7.38% | 06/01/2031 | 267768 |
| 145000 | Specialty Building Products Holdings LLC / SBP Finance Corp.<sup>(c)</sup> | 7.75% | 10/15/2029 | 141607 |
| 22000 | Spectrum Brands, Inc.<sup>(c)</sup> | 3.88% | 03/15/2031 | 18078 |
| 275000 | Standard Building Solutions, Inc.<sup>(c)</sup> | 5.88% | 03/15/2034 | 275976 |
| 95000 | Stonebriar ABF Issuer LLC<sup>(c)</sup> | 8.13% | 12/15/2030 | 97846 |
| 205000 | Suburban Propane Partners LP/Suburban Energy Finance Corp.<sup>(c)</sup> | 5.00% | 06/01/2031 | 197284 |
| 35000 | Suburban Propane Partners LP/Suburban Energy Finance Corp.<sup>(c)</sup> | 6.50% | 12/15/2035 | 35030 |
| 145000 | Sunoco LP<sup>(c)</sup> | 7.25% | 05/01/2032 | 153410 |
| 105000 | Sunoco LP<sup>(c)</sup> | 6.25% | 07/01/2033 | 107607 |
| 250000 | Talen Energy Supply LLC<sup>(c)</sup> | 6.50% | 02/01/2036 | 258679 |
| 135000 | TMS International Corp.<sup>(c)</sup> | 6.25% | 04/15/2029 | 130999 |
| 350000 | TransDigm, Inc.<sup>(c)</sup> | 6.38% | 05/31/2033 | 359383 |
| 195000 | TransDigm, Inc.<sup>(c)</sup> | 6.75% | 01/31/2034 | 203252 |
| 95000 | UKG, Inc.<sup>(c)</sup> | 6.88% | 02/01/2031 | 97735 |
| 130000 | Univision Communications, Inc.<sup>(c)</sup> | 8.00% | 08/15/2028 | 134737 |
| 10000 | Univision Communications, Inc.<sup>(c)</sup> | 7.38% | 06/30/2030 | 10200 |
| 140000 | Univision Communications, Inc.<sup>(c)</sup> | 9.38% | 08/01/2032 | 150574 |
| 95000 | US Foods, Inc.<sup>(c)</sup> | 7.25% | 01/15/2032 | 99976 |
| 195000 | USA Compression Partners LP / USA Compression Finance Corp.<sup>(c)</sup> | 7.13% | 03/15/2029 | 201938 |
| 85000 | USA Compression Partners LP / USA Compression Finance Corp.<sup>(c)</sup> | 6.25% | 10/01/2033 | 86060 |
| 290000 | Venture Global LNG, Inc.<sup>(c)</sup> | 7.00% | 01/15/2030 | 279312 |
| 35000 | Venture Global LNG, Inc.<sup>(c)</sup> | 8.38% | 06/01/2031 | 34825 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal Amount/Description** | **Principal Amount/Description** | **Rate** | **Maturity** | **Value** | **Value** |
| $15000 | Venture Global Plaquemines LNG LLC<sup>(c)</sup> | 6.13% | 12/15/2030 | $| 15284 |
| 30000 | Venture Global Plaquemines LNG LLC<sup>(c)</sup> | 7.50% | 05/01/2033 |  | 32432 |
| 145000 | Venture Global Plaquemines LNG LLC<sup>(c)</sup> | 6.50% | 06/15/2034 |  | 148230 |
| 65000 | Venture Global Plaquemines LNG LLC<sup>(c)</sup> | 7.75% | 05/01/2035 |  | 71207 |
| 45000 | Venture Global Plaquemines LNG LLC<sup>(c)</sup> | 6.75% | 01/15/2036 |  | 46114 |
| 40000 | Vistra Operations Co. LLC<sup>(c)</sup> | 7.75% | 10/15/2031 |  | 42386 |
| 140000 | Vistra Operations Co. LLC<sup>(c)</sup> | 6.88% | 04/15/2032 |  | 147545 |
| 75000 | Vital Energy, Inc.<sup>(c)</sup> | 7.88% | 04/15/2032 |  | 73947 |
| 145000 | VoltaGrid LLC<sup>(c)</sup> | 7.38% | 11/01/2030 |  | 143728 |
| 180000 | Walker & Dunlop, Inc.<sup>(c)</sup> | 6.63% | 04/01/2033 |  | 185536 |
| 255000 | Wand NewCo 3, Inc.<sup>(c)</sup> | 7.63% | 01/30/2032 |  | 270002 |
| 380000 | Warnermedia Holdings, Inc. | 5.05% | 03/15/2042 |  | 268375 |
| 160000 | Waste Pro USA, Inc.<sup>(c)</sup> | 7.00% | 02/01/2033 |  | 165091 |
| 125000 | WBI Operating LLC<sup>(c)</sup> | 6.50% | 10/15/2033 |  | 124593 |
| 195000 | Weatherford International, Ltd.<sup>(c)</sup> | 6.75% | 10/15/2033 |  | 199805 |
| 120000 | Weekley Homes LLC / Weekley Finance Corp.<sup>(c)</sup> | 4.88% | 09/15/2028 |  | 118438 |
| 115000 | Weekley Homes LLC / Weekley Finance Corp.<sup>(c)</sup> | 6.75% | 01/15/2034 |  | 116585 |
| 110000 | WESCO Distribution, Inc.<sup>(c)</sup> | 6.63% | 03/15/2032 |  | 114996 |
| 180000 | Western Midstream Operating LP | 5.50% | 08/15/2048 |  | 159090 |
| 185000 | William Carter Co.<sup>(c)</sup> | 7.38% | 02/15/2031 |  | 191503 |
| 70000 | Williams Scotsman, Inc.<sup>(c)</sup> | 7.38% | 10/01/2031 |  | 73172 |
| 225000 | Windsor Holdings III LLC<sup>(c)</sup> | 8.50% | 06/15/2030 |  | 237962 |
| 135000 | Windstream Services LLC<sup>(c)</sup> | 7.50% | 10/15/2033 |  | 138504 |
| 145000 | WR Grace Holdings LLC<sup>(c)</sup> | 5.63% | 08/15/2029 |  | 138587 |
| 70000 | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.<sup>(c)</sup> | 5.13% | 10/01/2029 |  | 70459 |
| 55000 | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.<sup>(c)</sup> | 7.13% | 02/15/2031 |  | 59549 |
| 20000 | XPLR Infrastructure Operating Partners LP<sup>(c)</sup> | 8.38% | 01/15/2031 |  | 21029 |
| 40000 | XPLR Infrastructure Operating Partners LP<sup>(c)</sup> | 8.63% | 03/15/2033 |  | 42108 |
| 105000 | XPLR Infrastructure Operating Partners LP<sup>(c)</sup> | 7.75% | 04/15/2034 |  | 106792 |
| 228368 | Zayo Group Holdings, Inc.<sup>(c)(f)</sup> | 9.25% (0.00%) | 03/09/2030 |  | 217167 |
| 35000 | ZF North America Capital, Inc.<sup>(c)</sup> | 6.88% | 04/14/2028 |  | 35850 |
| 35000 | ZF North America Capital, Inc.<sup>(c)</sup> | 7.13% | 04/14/2030 |  | 35343 |
| 165000 | ZipRecruiter, Inc.<sup>(c)</sup> | 5.00% | 01/15/2030 |  | 129702 |
|  |  |  |  |  | 36870798 |
| TOTAL HIGH YIELD DEBT | TOTAL HIGH YIELD DEBT | TOTAL HIGH YIELD DEBT | TOTAL HIGH YIELD DEBT | TOTAL HIGH YIELD DEBT | TOTAL HIGH YIELD DEBT |
| (Cost $51,011,609) | (Cost $51,011,609) |  |  |  | 52141952 |
| **BUSINESS DEVELOPMENT COMPANY NOTES - 0.13%** | **BUSINESS DEVELOPMENT COMPANY NOTES - 0.13%** | **BUSINESS DEVELOPMENT COMPANY NOTES - 0.13%** | **BUSINESS DEVELOPMENT COMPANY NOTES - 0.13%** | **BUSINESS DEVELOPMENT COMPANY NOTES - 0.13%** | **BUSINESS DEVELOPMENT COMPANY NOTES - 0.13%** |
| ***United States - 0.13%*** | ***United States - 0.13%*** | ***United States - 0.13%*** | ***United States - 0.13%*** | ***United States - 0.13%*** | ***United States - 0.13%*** |
| $3018 | MidCap Financial Investment Corp. | 8.00% | 12/15/2028 |  | 75842 |
| TOTAL BUSINESS DEVELOPMENT COMPANY NOTES | TOTAL BUSINESS DEVELOPMENT COMPANY NOTES | TOTAL BUSINESS DEVELOPMENT COMPANY NOTES | TOTAL BUSINESS DEVELOPMENT COMPANY NOTES | TOTAL BUSINESS DEVELOPMENT COMPANY NOTES | TOTAL BUSINESS DEVELOPMENT COMPANY NOTES |
| (Cost $76,341) | (Cost $76,341) |  |  |  | 75842 |

---

---

| | | |
|:---|:---|:---|
| **Shares/Description** | **Shares/Description** | **Value** |
| **SHORT-TERM INVESTMENTS - 4.16%** | **SHORT-TERM INVESTMENTS - 4.16%** | |
| **Money Market Fund - 4.16%** | **Money Market Fund - 4.16%** | |
| 2402353 | State Street Institutional Treasury Money Market Fund Premier Class (7 Day Yield 3.71%) | $2402353 |
| TOTAL SHORT-TERM INVESTMENTS | TOTAL SHORT-TERM INVESTMENTS | TOTAL SHORT-TERM INVESTMENTS |
| (Cost $2,402,353) | (Cost $2,402,353) | 2402353 |
| **TOTAL INVESTMENTS - 99.75%** | **TOTAL INVESTMENTS - 99.75%** | **TOTAL INVESTMENTS - 99.75%** |
| **(Cost $56,510,221**)** | **(Cost $56,510,221**)** | $57665957 |
| **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.25%** | **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.25%** | 144712 |
| **NET ASSETS - 100.00%** | **NET ASSETS - 100.00%** | $57810669 |

---

**Investment Abbreviations:**

CME - Chicago Mercantile Exchange

EURIBOR - Euro Interbank Offered Rate

LLC - Limited Liability Company

LP - Limited Partnership

PLC - Public Limited Company

SOFR - Secured Overnight Financing Rate Data

**Rates:**

6M CME TERM - 6 Month CME TERM as of December 31, 2025 was 3.57%

1M SOFR - 1 Month SOFR as of December 31, 2025 was 3.79%

3M SOFR - 3 Month SOFR as of December 31, 2025 was 4.01%

3M EUR L - 3 Month EURIBOR as of December 31, 2025 was 2.03%

8Y EUR SWAP - 8 year Euro ICE Swap Rate as of December 31, 2025 was 3.62%

*<sup>(a)</sup>* *The Level 3 assets were a result of unavailable quoted prices from an active market or the unavailability of other significant observable inputs.*

*<sup>(b)</sup>* *Variable rate investment. Interest rates reset periodically. Interest rate shown reflects the rate in effect at December 31, 2025. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above.*

*<sup>(c)</sup>* *Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities have been deemed liquid under procedures approved by the Fund's Board of Trustees and may normally be sold to qualified institutional buyers in transactions exempt from registration. Total fair value of Rule 144A securities amounts to $39,516,912, which represents approximately 68.36% of net assets as of December 31, 2025.* 

*<sup>(d)</sup>* *Securities were purchased pursuant to Regulation S under the Securities Act of 1933, as amended, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, as amended, or pursuant to an exemption from registration. These securities have been deemed liquid under procedures approved by the Fund's Board of Trustees. As of December 31, 2025, the aggregate fair value of those securities was $4,189,341, representing 7.25% of net assets.*

*<sup>(e)</sup>* *Security has no contractual maturity date, is not redeemable and contractually pays an indefinite stream of interest.*

*<sup>(f)</sup>* *Pay-in-kind securities. Rate paid in-kind is shown in parenthesis.*

*<sup>(g)</sup>* *Issued with a zero coupon. Income is recognized through the accretion of discount.*

*See Notes to Quarterly Schedule of Investments.* 

**OUTSTANDING FORWARD FOREIGN CURRENCY CONTRACTS**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement<br> Date** | **Fund<br> Receiving** | **U.S. $ Value<br> at December<br> 31, 2025** | **Fund<br> Delivering** | **U.S. $ Value<br> at December<br> 31, 2025** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| CANADIAN IMPERIAL BANK OF COMMERCE | 1/5/2026 | EUR | 235040 | USD | 234515 | $525 |
| State Street Corporation | 1/5/2026 | GBP | 1429751 | USD | 1426903 | 2848 |
| WELLS FARGO | 1/5/2026 | EUR | 124 | USD | 124 |  |
| WELLS FARGO | 1/5/2026 | EUR | 10178129 | USD | 10176496 | 1633 |
| WELLS FARGO | 1/5/2026 | EUR | 4459 | USD | 4453 | 6 |
| BANK OF MONTREAL | 1/5/2026 | USD | 10072150 | EUR | 10132660 | (60510) |
| CANADIAN IMPERIAL BANK OF COMMERCE | 1/5/2026 | USD | 1288080 | GBP | 1301696 | (13616) |
| CANADIAN IMPERIAL BANK OF COMMERCE | 1/5/2026 | USD | 126977 | GBP | 128055 | (1078) |
| State Street Corporation | 1/5/2026 | USD | 115185 | EUR | 115981 | (796) |
| State Street Corporation | 1/5/2026 | USD | 29387 | EUR | 29380 | 7 |
| State Street Corporation | 2/5/2026 | USD | 1434689 | GBP | 1437543 | (2854) |
| WELLS FARGO | 1/5/2026 | USD | 134127 | EUR | 135148 | (1021) |
| WELLS FARGO | 1/5/2026 | USD | 4546 | EUR | 4583 | (37) |
| WELLS FARGO | 2/5/2026 | USD | 10235223 | EUR | 10237369 | (2146) |
| WELLS FARGO | 2/5/2026 | USD | 4468 | EUR | 4473 | (5) |
|  |  |  |  |  |  | $(77044) |

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| | |
|:---|:---|
| **RiverNorth Funds** | **Notes to Quarterly Schedule of Investments** |

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**December 31, 2025 (Unaudited)**

1. ORGANIZATION

The RiverNorth Funds (the "Trust" or "Funds") was established under the laws of Ohio by an Agreement and Declaration of Trust dated July 18, 2006 (the "Trust Agreement"). The Trust is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the "1940 Act"). The Trust Agreement permits the Board of Trustees (the "Board" or "Trustees") to authorize and issue an unlimited number of shares of beneficial interest of a separate series without par value. All classes of shares for each of the Funds have identical rights to earnings, assets and voting privileges, except for class-specific expenses and exclusive rights to vote on matters affecting only individual classes. The Funds are considered investment companies and therefore follow the investment company accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946 Financial Services Investment Companies.

The RiverNorth/DoubleLine Strategic Income Fund (the "Strategic Income Fund") is a diversified series of the Trust and commenced investment operations on December 30, 2010. The Strategic Income Fund offers two classes of shares, Class I Shares and Class R Shares. The investment adviser to the Strategic Income Fund is RiverNorth Capital Management, LLC. The Strategic Income Fund's sub-adviser is DoubleLine Capital, LP ("DoubleLine"). The investment objective of the Strategic Income Fund is current income and overall total return.

The RiverNorth/Oaktree High Income Fund (the "High Income Fund") is a diversified series of the Trust and commenced investment operations on December 28, 2012. The High Income Fund offers two classes of shares, Class I Shares and Class R Shares. The investment adviser to the High Income Fund is RiverNorth Capital Management, LLC. The High Income Fund's sub-adviser is Oaktree Capital Management, L.P. ("Oaktree Capital," and with DoubleLine, each a "Sub-Adviser" or collectively, the "Sub-Advisers"). Effective August 10, 2021, as part of an internal corporate reorganization, Oaktree Capital Management, L.P., the Fund's previous sub-adviser, transferred its sub-advisory agreement with the High Income Fund to Oaktree Capital. The investment objective of the High Income Fund is overall total return consisting of long-term capital appreciation and income.

2. SIGNIFICANT ACCOUNTING POLICIES

The following is a summary of significant accounting policies followed by the Funds. These policies are in conformity with generally accepted accounting principles in the United States of America ("GAAP"). The financial statements and financial highlights are prepared in accordance with GAAP, which requires management to make estimates and assumptions that affect the reported amounts and disclosures, including the disclosure of contingent assets and liabilities, in the financial statements and financial highlights during the reporting period. Management believes the estimates and security valuations are appropriate; however, actual results may differ from those estimates, and the security valuations reflected in the financial statements and financial highlights may differ from the value the Funds ultimately realize upon sale of the securities. The Schedules of Investments have been prepared as of the close of the New York Stock Exchange ("NYSE") on December 31, 2025.

**Security Valuation:** The Funds' assets and other financial instruments are recorded at their estimated fair value as described in Note 3.

**Security Transactions and Related Income** **:** The Funds follow industry practice and record security transactions on the trade date basis. The specific identification method is used for determining gains or losses for financial statements and financial highlights and income tax purposes. Dividend income is recorded on the ex-dividend date or for certain foreign securities, when the information becomes available to the Funds and interest income and expenses are recorded on an accrual basis. Discounts and premiums on securities purchased are amortized or accreted using the effective interest method. Withholding taxes on foreign dividends have been provided for in accordance with the Funds' understanding of the applicable country's tax rules and rates. The ability of issuers of debt securities held by the Funds to meet their obligations may be affected by economic and political developments in a specific country or region. Settlement on bank loan transactions may be in excess of seven business days. Interest only stripped mortgage backed securities ("IO Strips") are securities that receive only interest payments from a pool of mortgage loans. Little to no principal will be received by the Funds upon maturity of an IO Strip. Periodic adjustments are recorded to reduce the cost of the security until maturity, which are included in interest income.

**Foreign Currency Translation:** The books and records of the Funds are maintained in U.S. dollars. Investment valuations and other assets and liabilities initially expressed in foreign currencies are converted each business day into U.S. dollars based upon current exchange rates. Prevailing foreign exchange rates may generally be obtained at the close of the NYSE (normally, 4:00 p.m. Eastern time). The portion of realized and unrealized gains or losses on investments due to fluctuations in foreign currency exchange rates is not separately disclosed and is included in realized and unrealized gains or losses on investments, when applicable.

**Foreign Securities:** The Funds may directly purchase securities of foreign issuers. Investing in securities of foreign issuers involves special risks not typically associated with investing in securities of U.S. issuers. The risks include possible revaluation of currencies, the ability to repatriate funds, less complete financial information about companies and possible future adverse political and economic developments. Moreover, securities of many foreign issuers and their markets may be less liquid and their prices more volatile than those of securities of comparable U.S. issuers.

Certain foreign countries impose a capital gains tax which is accrued by the Funds based on the unrealized appreciation, if any, on affected securities. Any accrual would reduce a Fund's net asset value ("NAV"). The tax is paid when the gain is realized and is included in capital gains tax in the Statements of Operations. During the period ended December 31, 2025, no foreign capital gains tax was accrued or paid by the Fund.

**Other:** The Funds hold certain investments which pay dividends to their shareholders based upon available funds from operations. It is possible for these dividends to exceed the underlying investments' taxable earnings and profits resulting in the excess portion of such dividends being designated as a return of capital. Distributions received from investments in securities that represent a return of capital or capital gains are recorded as a reduction of the cost of investments or as a realized gain, respectively.

**Principal Investment Risks:** All mutual funds carry a certain amount of risk. For more information on the related risks of investing in the Funds please refer to the prospectus of each Fund.

3. SECURITIES VALUATION AND FAIR VALUE Measurements

The Funds value their investments at fair value. Fair value is defined as the price that a Fund might reasonably expect to receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market of the investment. GAAP establishes a three-tier hierarchy to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes.

Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. For example, the risk inherent in a particular valuation technique used to measure fair value including using such a pricing model and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.

Various inputs are used in determining the value of the Funds' investments. These inputs are summarized in the three broad levels listed below.

● Level 1 – Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that a Fund has the ability to access at the measurement date;

● Level 2 – Quoted prices which are not active, quoted prices for similar assets or liabilities in active markets or inputs other than quoted prices that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and

● Level 3 – Significant unobservable prices or inputs (including the Funds' own assumptions in determining the fair value of investments) where there is little or no market activity for the asset or liability at the measurement date.

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

Effective September 8, 2022, and pursuant to the requirements of Rule 2a-5 under the 1940 Act, the Board approved updated valuation procedures for the Funds and designated the Adviser as the Funds' valuation designee to make all fair valuation determinations with respect to the Fund's portfolio investments, subject to the Board's oversight.

Equity securities, including common stocks, warrants, closed-end funds, exchange-traded funds, preferred stocks and business development companies, are generally valued by using market quotations, but may be valued on the basis of prices furnished by a pricing service when the Adviser believes such prices more accurately reflect the fair market value of such securities. Securities that are traded on any stock exchange are generally valued by the pricing service at the last quoted sale price. Lacking a last sale price, an exchange traded security is generally valued by the pricing service at its last bid price. Securities traded in the NASDAQ over-the-counter market are generally valued by the pricing service at the NASDAQ Official Closing Price. When using the market quotations or close prices provided by the pricing service and when the market is considered active, the security will be classified as a Level 1 security. Sometimes, an equity security owned by the Funds will be valued by the pricing service with factors other than market quotations or when the market is considered inactive. When this happens, the security will be classified as a Level 2 security. When market quotations are not readily available, when the Adviser determines that the market quotation or the price provided by the pricing service does not accurately reflect the current fair value, or when restricted or illiquid securities are being valued, such securities are valued as determined in good faith by the Adviser in conformity with guidelines adopted by and subject to review by the Board. These securities will be categorized as Level 3 securities.

Futures contracts are normally valued at the final settlement price or official closing price provided by independent pricing services. These securities will be categorized as Level 1 securities.

Investments in mutual funds, including short-term investments and open-end funds, are generally priced at the ending NAV provided by the service agent of the funds. These securities will be categorized as Level 1 securities.

Domestic and foreign fixed income securities, including foreign and U.S. corporate bonds, U.S. government bonds and notes, foreign government bonds and notes, supranationals and foreign agencies, non-agency collateralized mortgage obligations, U.S. government/agency mortgage backed securities, business development companies-preferred shares and notes, bank loans, collateralized loan obligations, equity-linked notes, mortgage-backed securities, and high yield debt, as well as non-exchange traded derivatives, including forward foreign currency contracts and total return swaps, are normally valued on the basis of quotes obtained from brokers and dealers or independent pricing services. Total Return swaps are valued based on a formula of the underlying asset's nightly value, the Overnight Bank Funding Rate ("OBFR") and an annual fee or various agreed upon inputs. Foreign currency positions, including forward foreign currency contracts, are priced at the mean between the closing bid and asked prices at 4:00 p.m. Eastern Time. Prices obtained from independent pricing services typically use information provided by market makers or estimates of market values obtained from yield data relating to investments or securities with similar characteristics. Data used to establish quotes includes analysis of cash flows, pre-payment speeds, default rates, delinquency assumptions and assumptions regarding collateral and loss assumptions. These securities will be classified as Level 2 securities.

Short-term investments in fixed income securities, with maturities of less than 60 days when acquired, or which subsequently are within 60 days of maturity, are valued by using the amortized cost method of valuation, which the Board has determined will represent fair value. These securities will be classified as Level 2 securities.

In accordance with the Funds' good faith pricing guidelines, the Adviser is required to consider all appropriate factors relevant to the value of securities for which it has determined other pricing sources are not available or reliable as described above. No single standard exists for determining fair value, because fair value depends upon the circumstances of each individual case. As a general principle, the current fair value of an issue of securities being valued by the Adviser would appear to be the amount which the owner might reasonably expect to receive for them upon their current sale. Methods which are in accordance with this principle may, for example, be based on (i) a multiple of earnings; (ii) discounted cash flow models; (iii) weighted average cost or weighted average price; (iv) a discount from market of a similar freely traded security (including a derivative security or a basket of securities traded on other markets, exchanges or among dealers); or (v) yield to maturity with respect to debt issues, or a combination of these and other methods. Good faith pricing is permitted if, in the Adviser's opinion, the validity of market quotations appears to be questionable based on factors such as evidence of a thin market in the security based on a small number of quotations, a significant event occurs after the close of a market but before a Funds' NAV calculation that may affect a security's value, or the Adviser is aware of any other data that calls into question the reliability of market quotations.

Good faith pricing may also be used in instances when the bonds the Funds invest in default or otherwise cease to have market quotations readily available. Investments in foreign securities, junk bonds, or other thinly traded securities are more likely to trigger good faith pricing than other securities.

The following is a summary of the inputs used at December 31, 2025 in valuing the Funds' assets and liabilities:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Strategic Income Fund** | **Strategic Income Fund** | **Strategic Income Fund** | **Strategic Income Fund** | **Strategic Income Fund** | **Strategic Income Fund** |
|  | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** |  | |
| **Investments in Securities at Value\*** | **Level 1** | **Level 2** | **Level 3** | | **Total** |
| Closed-End Funds | $97613082 | $– | $– | \*\*\* | $97613082 |
| Closed-End Funds - Preferred Shares | 5936886 |  |  |  | 5936886 |
| Business Development Companies - Preferred Shares | 9301708 | 3981322 |  |  | 13283030 |
| Common Stocks | 20566748 | 10 |  |  | 20566758 |
| Open-End Funds | 39643339 |  |  |  | 39643339 |
| Business Development Company Notes | 3669247 |  |  |  | 3669247 |
| Foreign Corporate Bonds |  | 27463078 |  |  | 27463078 |
| U.S. Corporate Bonds |  | 158025413 |  |  | 158025413 |
| Foreign Government Bonds and Notes, Supranationals and Foreign Agencies |  | 1007690 |  |  | 1007690 |
| Bank Loans |  | 44014 |  |  | 44014 |
| Collateralized Loan Obligations |  | 46766733 |  |  | 46766733 |
| Equity - Linked Notes |  |  |  | \*\*\* |  |
| Non-Agency Collateralized Mortgage Obligations |  | 202333780 |  |  | 202333780 |
| U.S. Government Bonds and Notes |  | 87103589 |  |  | 87103589 |
| Mortgage-Backed Securities |  | 61647297 |  |  | 61647297 |
| U.S. Government / Agency Mortgage Backed Securities |  | 315967318 |  |  | 315967318 |
| Warrants |  |  |  | \*\*\* |  |
| Short-Term Investments | 58310474 | – | – |  | 58310474 |
| Total | $235041484 | $904340244 | $– |  | $1139381728 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | |
| <br>**Other Financial Instruments\*\*** | **Level 1** | **Level 2** | **Level 3** |<br>**Total** |
| **Assets** |  |  |  |  |
| Future Contracts | $415644 | $– | $– | $415644 |
| **Liabilities** |  |  |  |  |
| Total Return Swaps | $– | $(1587178) | $– | $(1587178) |
| Total | $415644 | $(1587178) | $– | $(1171534) |

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| | | | | |
|:---|:---|:---|:---|:---|
| **High Income Fund** | **High Income Fund** | **High Income Fund** | **High Income Fund** | **High Income Fund** |
|  | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | |
| **Investments in Securities at Value\*** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Business Development Companies | $74050 | $– | $– | $74050 |
| Business Development Company Notes | 75842 |  |  | 75842 |
| Closed-End Funds | 1215018 |  |  | 1215018 |
| Common Stocks | 1251545 |  | 108570 | 1360115 |
| Bank Loans |  | 396627 |  | 396627 |
| High Yield Debt |  | 52141952 |  | 52141952 |
| Short-Term Investments | 2402353 | – | – | 2402353 |
| Total | $5018808 | $52538579 | $108570 | $57665957 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **High Income Fund (continued)** | **High Income Fund (continued)** | **High Income Fund (continued)** | **High Income Fund (continued)** | **High Income Fund (continued)** |
|  | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | |
| **Other Financial Instruments\*\*** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets** |  |  |  |  |
| Forward Foreign Currency Contracts | $– | $5019 | $– | $5019 |
| **Liabilities** |  |  |  |  |
| Forward Foreign Currency Contracts | $– | $(82063) | $– | $(82063) |
| Total | $– | $(77044) | $– | $(77044) |

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*\** *Refer to each Fund's Schedule of Investments for a listing of securities by type.*

*\*\** *Other financial instruments are derivative instruments reflected in the Summary of Investments. Futures and swap contracts are reported at their unrealized appreciation/depreciation.*

*\*\*\** *Level 3 security has no value.*

The changes of the fair value of investments for which the Funds have used Level 3 inputs to determine the fair value are as follows:

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Asset Type** | **Balance as of<br> September 30,<br> 2025** | **Accrued<br> Discount/premium** | **Return of<br> Capital** | **Realized<br> Gain/(Loss)** | **Change in<br> Unrealized<br> Appreciation/<br> Depreciation** | **Purchases** | **Sales Proceeds** | **Transfer into<br> Level 3** | **Transfer Out<br> of Level 3** | **Balance as of<br> December 31,<br> 2025** | **Net change in unrealized<br> appreciation/(depreciation)<br> included in the Statements of<br> Operations attributable to<br> Level 3 investments held at<br> December 31, 2025** |
| Common Stocks | $104803 | $- | $- | $- | $3767 | $- | $- | $- | $- | $108570 | $3767 |
|  | $104803 | $- | $- | $- | $3767 | $- | $- | $- | $- | $108570 | $3767 |

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&nbsp;&nbsp;&nbsp;&nbsp;*(a)* *Transferred from Level 3 to Level 2 because of available, observable market data.* 

The Table below provides additional information about the Level 3 Fair Value Measurements as of December 31, 2025:

**Quantitative Information about Level 3 Fair Value Measurements** 

**High Income Fund**

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| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Class** | **Fair Value (USD)** | **Valuation Technique** | **Unobservable Inputs<sup>(a)</sup>** | **Value/Range**<br> **(Weighted Average)** |
| Common Stocks | $108570 | Market Comparable Companies | EBITDA Multiple | 3.4x-3.9x (3.65x) |

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<sup>(a)</sup> A change to the unobservable input may result in a significant change to the value of the investment as follows:

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| | | |
|:---|:---|:---|
| **Unobservable Input** | **Impact to Value if <br> Input Increases** | **Impact to Value if <br> Input Decreases** |
| EBITDA Multiple | Increase | Decrease |

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4. Derivative Financial Instruments

The following discloses the Funds' use of derivative instruments. The Funds' investment objectives not only permit the Funds to purchase investment securities, they also allow the Funds to enter into various types of derivative contracts such as total return swap contracts and forward foreign currency contracts. In doing so, the Funds will employ strategies in differing combinations to permit them to increase, decrease, or change the level or types of exposure to market factors. Central to those strategies are features inherent to derivatives that make them more attractive for this purpose than equity or debt securities; they require little or no initial cash investment, they can focus exposure on only certain selected risk factors, and they may not require the ultimate receipt or delivery of the underlying security (or securities) to the contract. This may allow the Funds to pursue their objectives more quickly and efficiently than if they were to make direct purchases or sales of securities capable of affecting a similar response to market factors.

**Market Risk Factors**: In pursuit of their investment objectives, the Funds may seek to use derivatives to increase or decrease their exposure to the following market risk factors:

*Foreign Exchange Rate Risk*: Foreign exchange rate risk relates to the change in the U.S. dollar value of a security held that is denominated in a foreign currency. The value of a foreign currency denominated security will decrease as the dollar appreciates against the currency, while the value of the foreign currency denominated security will increase as the dollar depreciates against the currency.

**Risk of Investing in Derivatives** 

The Funds' use of derivatives can result in losses due to unanticipated changes in the market risk factors and the overall market. Derivatives may have little or no initial cash investment relative to their market value exposure and therefore can produce significant gains or losses in excess of their cost. This use of embedded leverage allows the Funds to increase their market value exposure relative to their net assets and can substantially increase the volatility of the Funds' performance.

Additional associated risks from investing in derivatives also exist and potentially could have significant effects on the valuation of the derivative and the Funds. Typically, the associated risks are not the risks that the Funds are attempting to increase or decrease exposure to, per their investment objectives, but are the additional risks from investing in derivatives.

In the ordinary course of business, the Funds may enter into transactions subject to enforceable International Swaps and Derivatives Association, Inc. (ISDA) master agreements or other similar arrangements ("netting agreements"). Generally, the right to offset in netting agreements allows each Fund to offset certain securities and derivatives with a specific counterparty, when applicable, as well as any collateral received or delivered to that counterparty based on the terms of the agreements.

Examples of these associated risks are liquidity risk, which is the risk that the Funds will not be able to sell the derivative in the open market in a timely manner, and counterparty credit risk, which is the risk that the counterparty will not fulfill its obligation to the Funds. The use of derivatives is also subject to operational and legal risks. Operational risks generally refer to risks related to potential operational issues, including documentation issues, settlement issues, system failures, inadequate controls, and human error. Legal risks generally refer to risks of loss resulting from insufficient documentation, insufficient capacity or authority of counterparty, or legality or enforceability of a contract.

**Futures**

The Funds may invest in futures contracts in accordance with their investment objectives. The Funds may do so for a variety of reasons including for cash management, hedging or non-hedging purposes in an attempt to achieve the Funds' investment objective. A futures contract provides for the future sale by one party and purchase by another party of a specified quantity of the security or other financial instrument at a specified price and time. A futures contract on an index is an agreement pursuant to which two parties agree to take or make delivery of an amount of cash equal to the difference between the value of the index at the close of the last trading day of the contract and the price at which the index contract was originally written. Futures transactions may result in losses in excess of the amount invested in the futures contract. There can be no guarantee that there will be a correlation between price movements in the hedging vehicle and in the portfolio securities being hedged. An incorrect correlation could result in a loss on both the hedged securities in a fund and the hedging vehicle so that the portfolio return might have been greater had hedging not been attempted. There can be no assurance that a liquid market will exist at a time when a fund seeks to close out a futures contract or a futures option position. Lack of a liquid market for any reason may prevent a fund from liquidating an unfavorable position, and the fund would remain obligated to meet margin requirements until the position is closed. In addition, a fund could be exposed to risk if the counterparties to the contracts are unable to meet the terms of their contracts. With exchange-traded futures, there is minimal counterparty credit risk to the Funds since futures are exchange-traded and the exchange's clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default. The Funds are party to certain enforceable master netting arrangements, which provide for the right of offset under certain circumstances, such as the event of default.

When a purchase or sale of a futures contract is made by a fund, the fund is required to deposit with its custodian (or broker, if legally permitted) a specified amount of liquid assets ("initial margin"). The margin required for a futures contract is set by the exchange on which the contract is traded and may be modified during the term of the contract. The initial margin is in the nature of a performance bond or good faith deposit on the futures contract that is returned to the Funds upon termination of the contract, assuming all contractual obligations have been satisfied. These amounts are included in Deposits with broker for futures contracts on the Statement of Assets and Liabilities. Each day the Funds may pay or receive cash, called "variation margin," equal to the daily change in value of the futures contract. Such payments or receipts are recorded for financial statement purposes as unrealized gains or losses by the Funds. Variation margin does not represent a borrowing or loan by the Funds but instead is a settlement between the Funds and the broker of the amount one would owe the other if the futures contract expired. When the contract is closed, the Funds record a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

**Total Return Swaps**

Certain Funds may enter into total return swaps. During the period ended December 31, 2025, the Strategic Income Fund invested in a total return swap. Total return swaps are agreements that provide the Strategic Income Fund with a return based on the performance of an underlying asset, in exchange for fee payments to a counterparty based on a specific rate. The difference in the value of these income streams is recorded daily by the Strategic Income Fund, and is settled in cash periodically. The fee paid by the Strategic Income Fund will typically be determined by multiplying the face value of the swap agreement by an agreed upon interest rate. Generally, the basis of the total return swap is the unamortized premium received or paid. The periodic swap payments received or made by the Strategic Income Fund is recorded in the Statement of Operations as realized gains or losses, respectively. When the swap is terminated, the Strategic Income Fund will record a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transaction and the Strategic Income Fund's basis in the contract, if any. In addition, if the reference asset declines in value over the term of the swap, the Strategic Income Fund would also be required to pay the dollar value of that decline to the counterparty. Total return swaps could result in losses if the reference asset does not perform as anticipated by the Adviser. The Strategic Income Fund may use its own net asset value as the underlying asset in a total return swap. This strategy serves to reduce cash drag (the impact of cash on the Strategic Income Fund's overall return) by replacing it with the impact of market exposure based upon the Strategic Income Fund's own investment holdings. The Strategic Income Fund records fluctuations in the value of open swap contracts on a daily basis as unrealized gains or losses. Net amounts received or paid on the swap contracts are recorded as realized gains or losses. The Strategic Income Fund values the total return swaps in which it enters based on a formula of the underlying asset's nightly value, the OBFR and an annual fee or various agreed upon inputs. These securities will be categorized as Level 2 securities.

**Forward Foreign Currency Contracts** 

The Funds may engage in currency transactions with counterparties to hedge the value of portfolio securities denominated in particular currencies against fluctuations in relative value, to gain or reduce exposure to certain currencies, or to generate income or gains. A forward foreign currency contract is an agreement between two parties to buy and sell a currency at a set price on a future date. During the three months ended December 31, 2025, the High Income Fund engaged in forward foreign currency contracts. The contracts are marked-to-market daily and the change in value is recorded by the High Income Fund as an unrealized gain or loss. When a forward foreign currency contract is extinguished, through either delivery or offset by entering into another forward foreign currency contract, the High Income Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value of the contract at the time it was extinguished.

Forward foreign currency contracts involve elements of market risk. The High Income Fund bears the risk of an unfavorable change in the foreign exchange rate underlying the forward foreign currency contract. Risks may also arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of their contracts.

5. loan participations and assignments

The Strategic Income Fund and High Income Fund may each invest in direct debt instruments which are interests in amounts owed to lenders or lending syndicates by corporate, governmental, or other borrowers. The Strategic Income Fund and High Income Fund will normally invest in corporate debt issuers in North America and Europe. The Strategic Income Fund's and High Income Fund's investments in loans may be in the form of participations in loans or assignments of all or a portion of loans from third parties. A loan is often administered by a bank or other financial institution (the "lender") that acts as agent for all holders. The agent administers the terms of the loan, as specified in the loan agreement. The Strategic Income Fund and High Income Fund may each invest in multiple series or tranches of a loan, which may have varying terms and carry different associated risks. The Strategic Income Fund and High Income Fund will generally purchase assignments of these loans, in which case they will typically become lenders for purposes of the relevant loan agreement with direct contractual rights against the borrower, including the right to receive payments of principal and interest. When purchasing participation interests in a loan, the Strategic Income Fund and High Income Fund generally have no right to enforce compliance with the terms of the loan agreement with the borrower. As a result, the Strategic Income Fund and High Income Fund may each be subject to the credit risk of both the borrower and the lender that is selling the loan agreement. The Strategic Income Fund and High Income Fund may each enter into unfunded loan commitments, which are contractual obligations for future funding. Unfunded loan commitments represent a future obligation in full, even though a percentage of the notional loan amounts may not be utilized by the borrower. When investing in a loan participation, the Strategic Income Fund and High Income Fund have the right to receive payments of principal, interest and any fees to which they are entitled only from the lender selling the loan agreement and only upon receipt of payments by the lender from the borrower. The Strategic Income Fund and High Income Fund may each receive a commitment fee based on the undrawn portion of the underlying line of credit portion of a floating rate loan. In certain circumstances, the Strategic Income Fund and High Income Fund may each receive a penalty fee upon the prepayment of a floating rate loan by a borrower. Fees earned are recorded as a component of interest income or interest expense, respectively, on the Statements of Operations.

6. AFFILIATED COMPANIES

The Funds may invest in certain securities that are considered securities issued by affiliated companies. As defined by the Investment Company Act of 1940, an affiliated person, including an affiliated company, is one in which a Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The purchases, sales, dividend income, capital gains, shares and value of investment in affiliated companies for the three months ended December 31, 2025 were as follows:

**Strategic Income Fund**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Name** | **Market Value as of October 1, 2025** | **Purchases** | **Sales** | **Change in Unrealized Gain (Loss)** | **Realized Gain/Loss** | **Market Value as of December 31, 2025\*** | **Share Balance as of December 31, 2025** | **Dividends** |
| RiverNorth/Oaktree High Income Fund | $39212424 | $714227 | $- | $(283312) | $- | $39643339 | 4531030 | $714226 |
|  |  |  |  | $(283312) | $- | $39643339 | 4531030 | $714226 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** RIVERNORTH FUNDS

- **b. Investment Company Act file number:** 811-21934

- **c. CIK number of Registrant:** 0001370177

- **d. LEI of Registrant:** 549300XNW3NYGFVOG451

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

  - **Street Address 1:** 360 S. Rosemary Avenue Suite 1420

  - **City:** West Palm Beach

  - **State:** FL

  - **Foreign country:** US

  - **Zip / Postal Code:** 33401

  - **Telephone number:** 312-445-2249

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

- **a. Name of Series:** RiverNorth/Oaktree High Income Fund

- **b. EDGAR series identifier (if any):** S000039038

- **c. LEI of Series:** 549300H8VZ32GNIYZV52

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

- **a. Date of fiscal year-end:** 2026-09-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $58723842.20

**Total Liabilities:** $912724.90

**Net Assets:** $57811117.30

**Cash Not Reported:** $71968.50

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 15.49658700 | **1-Year:** 177.26372100 | **5-Year:** 386.92383300 | **10-Year:** 343.00282400 | **30-Year:** 421.93108200

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

- **3-Month:** 195.13800100 | **1-Year:** 3521.60994900 | **5-Year:** 9196.96459400 | **10-Year:** 1944.68036300 | **30-Year:** 87.02526100

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000119955 | 0.13%                | 0.36%                | 0.59%                |
| Class ID C000119956 | 0.15%                | 0.38%                | 0.61%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-9082.53                | $-531824.48                                |
| Month 2  | $49781.21                | $-30583.12                                 |
| Month 3  | $63401.42                | $69885.50                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Windsor Holdings Iii Llc                              | Windsor Holdings III LLC                                                          | CUSIP: 97360AAA5<br>LEI: 254900IXUJZ9H146T437 | Long             | DBT              | CORP              | US        |    225000 | PA      | $237961.80    | 0.41%             | 2030-06-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Commscope Llc                                         | CommScope LLC                                                                     | CUSIP: 203372AX5<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    273000 | PA      | $272829.38    | 0.47%             | 2029-09-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Ezcorp Inc                                            | EZCORP, Inc.                                                                      | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |     95000 | PA      | $101028.51    | 0.17%             | 2032-04-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Diebold Nixdorf Inc                                   | Diebold Nixdorf, Inc.                                                             | CUSIP: 253651AK9<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |    180000 | PA      | $191999.84    | 0.33%             | 2030-03-31      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Blackrock Multi-sector Income Trust                   | BlackRock Multi-Sector Income Trust                                               | CUSIP: 09258A107<br>LEI: 549300BOVTR6GS7HLC41 | Long             | EC               | RF                | US        |     17286 | NS      | $225755.16    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Davita Inc                                            | DaVita, Inc.                                                                      | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    185000 | PA      | $192689.71    | 0.33%             | 2032-09-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Aramark Intl Finance                                  | Aramark International Finance Sarl                                                | CUSIP: YQ0278891<br>LEI: 5493006HLPNGDDC12P30 | Long             | DBT              | CORP              | LU        |    155000 | PA      | $182578.22    | 0.32%             | 2033-04-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Hawaiian Elec Co                                      | Hawaiian Electric Co., Inc.                                                       | CUSIP: 419866AV0<br>LEI: 549300PQE8D806LWQV52 | Long             | DBT              | CORP              | US        |     80000 | PA      | $81152.32     | 0.14%             | 2033-10-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Rhp Hotel Ppty/rhp Finan                              | RHP Hotel Properties LP / RHP Finance Corp.                                       | CUSIP: 749571AJ4<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |    120000 | PA      | $123823.32    | 0.21%             | 2028-07-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Sotera Health Hldgs Llc                               | Sotera Health Holdings LLC                                                        | CUSIP: 83600WAE9<br>LEI: 549300OVT7MBXFLOFU20 | Long             | DBT              | CORP              | US        |    255000 | PA      | $267768.22    | 0.46%             | 2031-06-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Odido Group Holding Bv                                | Odido Group Holding BV                                                            | CUSIP: BS9025179<br>LEI: 724500FOAL1MNGOJKP07 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $118446.50    | 0.20%             | 2030-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Gray Media Inc                                        | Gray Media, Inc.                                                                  | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71570.02     | 0.12%             | 2033-08-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Beacon Mobility Corp                                  | Beacon Mobility Corp.                                                             | CUSIP: 073644AA4<br>LEI: 254900EBTYFG24UQEM31 | Long             | DBT              | CORP              | US        |    105000 | PA      | $109880.51    | 0.19%             | 2030-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Gray Media Inc                                        | Gray Media, Inc.                                                                  | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    145000 | PA      | $150585.89    | 0.26%             | 2032-07-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| Anywhere Real Est/co-iss                              | Anywhere Real Estate Group LLC / Anywhere Co.-Issuer Corp.                        | CUSIP: 75606DAS0<br>LEI: LF6PBYTYG3BDVEF4FI12 | Long             | DBT              | CORP              | US        |    145000 | PA      | $144973.73    | 0.25%             | 2030-04-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Kodiak Gas Services Llc                               | Kodiak Gas Services LLC                                                           | CUSIP: 50012LAE4<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |     90000 | PA      | $92581.13     | 0.16%             | 2035-10-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Directv Financing Llc                                 | Directv Financing LLC                                                             | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50652.20     | 0.09%             | 2030-02-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Cco Hldgs Llc/cap Corp                                | CCO Holdings LLC / CCO Holdings Capital Corp.                                     | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $177493.89    | 0.31%             | 2029-09-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Bellring Brands Inc                                   | BellRing Brands, Inc.                                                             | CUSIP: 07831CAA1<br>LEI: 549300S3BOK5CMTS8054 | Long             | DBT              | CORP              | US        |    145000 | PA      | $150024.45    | 0.26%             | 2030-03-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Chs/community Health Sys                              | CHS/Community Health Systems, Inc.                                                | CUSIP: 12543DBQ2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     65000 | PA      | $68352.61     | 0.12%             | 2034-01-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Inversion Escrow Issuer                               | Inversion Escrow Issuer LLC                                                       | CUSIP: 46150DAA0<br>LEI: 254900P6GHORGRVLKI95 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74964.11     | 0.13%             | 2032-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Constellium Se                                        | Constellium SE                                                                    | CUSIP: 21039CAD6<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |     65000 | PA      | $67396.29     | 0.12%             | 2032-08-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Sirius Xm Radio Llc                                   | Sirius XM Radio LLC                                                               | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    245000 | PA      | $233175.66    | 0.40%             | 2030-07-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Endo Finance Holdings                                 | Endo Finance Holdings, Inc.                                                       | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $89946.24     | 0.16%             | 2031-04-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Hub International Ltd                                 | HUB International, Ltd.                                                           | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |     80000 | PA      | $84038.41     | 0.15%             | 2030-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Co Llc                              | Ford Motor Credit Co. LLC                                                         | CUSIP: 345397H89<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69161.25     | 0.12%             | 2035-10-31      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| Olympus Wtr Us Hldg Corp                              | Olympus Water US Holding Corp.                                                    | CUSIP: 681639AA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    115000 | PA      | $111718.48    | 0.19%             | 2028-10-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Ardonagh Finco Ltd                                    | Ardonagh Finco, Ltd.                                                              | CUSIP: ZF8323197<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    225000 | PA      | $273624.76    | 0.47%             | 2031-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Windstream Services Llc                               | Windstream Services LLC                                                           | CUSIP: 97382BAB5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |    135000 | PA      | $138504.32    | 0.24%             | 2033-10-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Advance Auto Parts                                    | Advance Auto Parts, Inc.                                                          | CUSIP: 00751YAK2<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25229.25     | 0.04%             | 2030-08-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Eurofins Scientific Se                                | Eurofins Scientific SE                                                            | CUSIP: YQ7562677<br>LEI: 529900JEHFM47DYY3S57 | Long             | DBT              | CORP              | LU        |    245000 | PA      | $302851.07    | 0.52%             | 9999-12-31      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Nissan Motor Co                                       | Nissan Motor Co., Ltd.                                                            | CUSIP: 654922AD5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    215000 | PA      | $228657.31    | 0.40%             | 2035-07-17      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Plaque                                 | Venture Global Plaquemines LNG LLC                                                | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     65000 | PA      | $71206.75     | 0.12%             | 2035-05-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Chs/community Health Sys                              | CHS/Community Health Systems, Inc.                                                | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    167000 | PA      | $182479.23    | 0.32%             | 2032-01-15      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| Jetblue Airways Corp                                  | JetBlue Airways Corp.                                                             | CUSIP: 477143AP6<br>LEI: 54930070J9H97ZO93T57 | Long             | DBT              | CORP              | US        |    395000 | PA      | $388482.50    | 0.67%             | 2026-04-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Luna 2 5sarl                                          | Luna 2 5SARL                                                                      | CUSIP: YN2383118<br>LEI: 894500N8J2QVEYP0UI86 | Long             | DBT              | CORP              | LU        |    165000 | PA      | $198096.67    | 0.34%             | 2032-07-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Lifepoint Health Inc                                  | LifePoint Health, Inc.                                                            | CUSIP: 53219LAY5<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    130000 | PA      | $141216.92    | 0.24%             | 2032-02-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Albion Financing 1sarl /                              | Albion Financing 1 SARL / Aggreko Holdings, Inc.                                  | CUSIP: 01330AAA4<br>LEI: 259400W9CABUZBRDLP97 | Long             | DBT              | CORP              | LU        |     95000 | PA      | $99536.79     | 0.17%             | 2030-05-21      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Cablevision Lightpath                                 | Cablevision Lightpath LLC                                                         | CUSIP: 12687GAB5<br>LEI: 5493002ZVBLRLGES1R71 | Long             | DBT              | CORP              | US        |    337000 | PA      | $331070.69    | 0.57%             | 2028-09-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Sally Holdings/sally Cap                              | Sally Holdings LLC / Sally Capital, Inc.                                          | CUSIP: 79546VAQ9<br>LEI: 3GM3SMNQ8UJOJU9DFN26 | Long             | DBT              | CORP              | US        |    170000 | PA      | $177733.89    | 0.31%             | 2032-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Nuveen Floating Rate Income Fund/closed-end Fund      | Nuveen Floating Rate Income Fund                                                  | CUSIP: 67072T108<br>LEI: HJXCPP3KYE3BVU373P27 | Long             | EC               | RF                | US        |     50000 | NS      | $391500.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Valeo Se                                              | Valeo SE                                                                          | CUSIP: YK1767762<br>LEI: 5493006IH2N2WMIBB742 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $117721.92    | 0.20%             | 2032-03-23      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Virgin Media Finance Plc                              | Virgin Media Finance PLC                                                          | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |     40000 | PA      | $35304.29     | 0.06%             | 2030-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Altice France Sa                                      | Altice France SA                                                                  | CUSIP: 02090DAD0<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    262355 | PA      | $251673.71    | 0.44%             | 2032-04-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Eroski S Coop                                         | Eroski S Coop                                                                     | CUSIP: DA5107861<br>LEI: 959800J76YJMWZP6S661 | Long             | DBT              | CORP              | ES        |    113000 | PA      | $137888.30    | 0.24%             | 2031-05-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Coty/hfc Prestige/int Us                              | Coty, Inc./HFC Prestige Products Inc/HFC Prestige International US LLC            | CUSIP: 22207AAA0<br>LEI: 549300BO9IWPF3S48F93 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66843.99     | 0.12%             | 2030-07-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Davita Inc                                            | DaVita, Inc.                                                                      | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62260.38     | 0.11%             | 2033-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Ftai Aviation Investors                               | FTAI Aviation Investors LLC                                                       | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200609.00    | 0.35%             | 2028-05-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Ncl Corporation Ltd                                   | NCL Corp., Ltd.                                                                   | CUSIP: 62886HBG5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     80000 | PA      | $85210.16     | 0.15%             | 2029-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Precision Drilling Corp                               | Precision Drilling Corp.                                                          | CUSIP: 740212AM7<br>LEI: 549300WF2OE8T5BP4B84 | Long             | DBT              | CORP              | CA        |     25000 | PA      | $25299.58     | 0.04%             | 2029-01-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Marriott Ownership Resor                              | Marriott Ownership Resorts, Inc.                                                  | CUSIP: 57164PAK2<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |     65000 | PA      | $62539.14     | 0.11%             | 2033-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Sani/ikos Financial Hldg                              | Sani/Ikos Financial Holdings 1 Sarl                                               | CUSIP: YW4465152<br>LEI: 213800TZMBQZ462Y8A24 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $123626.10    | 0.21%             | 2030-07-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Iliad Holding Sas                                     | Iliad Holding SAS                                                                 | CUSIP: ZB7801333<br>LEI: 9695009BGMXB527HV965 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $251550.29    | 0.44%             | 2031-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Cheplapharm Arzneimittel                              | Cheplapharm Arzneimittel GmbH                                                     | CUSIP: ZK3492137<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $122024.56    | 0.21%             | 2030-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Grifols Sa                                            | Grifols SA                                                                        | CUSIP: YT9446618<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $247296.58    | 0.43%             | 2030-05-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Rocket Cos Inc                                        | Rocket Cos., Inc.                                                                 | CUSIP: 77311WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $21049.38     | 0.04%             | 2032-02-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Rlj Lodging Trust Lp                                  | RLJ Lodging Trust LP                                                              | CUSIP: 74965LAB7<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              | CORP              | US        |     40000 | PA      | $37972.35     | 0.07%             | 2029-09-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Churchill Downs Inc                                   | Churchill Downs, Inc.                                                             | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103817.70    | 0.18%             | 2031-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| New Mountain Finance Corp                             | New Mountain Finance Corp.                                                        | CUSIP: 647551100<br>LEI: 549300L1MPTT1H7SES77 | Long             | EC               | RF                | US        |     15000 | NS      | $138150.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Acco Brands Corp                                      | ACCO Brands Corp.                                                                 | CUSIP: 00081TAK4<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | DBT              | CORP              | US        |     95000 | PA      | $88196.19     | 0.15%             | 2029-03-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Gestamp Automocion Sa                                 | Gestamp Automocion SA                                                             | CUSIP: YK3284196<br>LEI: 95980020140005484363 | Long             | DBT              | CORP              | ES        |    139000 | PA      | $165109.62    | 0.29%             | 2030-10-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Howden Uk Refinance / Us                              | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC     | CUSIP: 44287DAA1<br>LEI: 875500O63ODR8S3K5X33 | Long             | DBT              | CORP              | GB        |    220000 | PA      | $227284.64    | 0.39%             | 2032-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| RHP Hotel Properties LP / RHP Finance Corporation     | RHP Hotel Properties LP / RHP Finance Corp.                                       | CUSIP: 749571AK1<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |    145000 | PA      | $150476.71    | 0.26%             | 2032-04-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Grp Inc                                | Cloud Software Group, Inc.                                                        | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    275000 | PA      | $278780.68    | 0.48%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Fortress Intermediate                                 | Fortress Intermediate 3, Inc.                                                     | CUSIP: 34966MAA0<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | DBT              | CORP              | US        |    160000 | PA      | $167150.40    | 0.29%             | 2031-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                   | Forward Contracts: EUR 01/05/2026                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $117520.00    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Skopima Consilio Parent                               | Skopima Consilio Parent LLC                                                       | CUSIP: 36171NAG1<br>LEI: 254900K3R60UMIODZD21 | Long             | LON              | CORP              | US        |    120341 | PA      | $110262.10    | 0.19%             | 2028-05-17      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| Zf Na Capital                                         | ZF North America Capital, Inc.                                                    | CUSIP: 98877DAE5<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35342.79     | 0.06%             | 2030-04-14      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Pediatrix Medical Group                               | Pediatrix Medical Group, Inc.                                                     | CUSIP: 58502BAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $145132.16    | 0.25%             | 2030-02-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Dolcetto Holdco Spa                                   | Dolcetto Holdco SpA                                                               | CUSIP: YN6475506<br>LEI: 81560029E819F2CE4A42 | Long             | DBT              | CORP              | IT        |    205000 | PA      | $245130.19    | 0.42%             | 2032-07-14      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Grp Inc                                | Cloud Software Group, Inc.                                                        | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    210000 | PA      | $219573.95    | 0.38%             | 2032-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Freedom Mortgage Hold                                 | Freedom Mortgage Holdings LLC                                                     | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    105000 | PA      | $110611.18    | 0.19%             | 2032-04-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Royal Caribbean Cruises                               | Royal Caribbean Cruises, Ltd.                                                     | CUSIP: 780153BU5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    135000 | PA      | $139740.35    | 0.24%             | 2032-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Oceaneering Intl Inc                                  | Oceaneering International, Inc.                                                   | CUSIP: 675232AD4<br>LEI: 549300L6PH74701W0R30 | Long             | DBT              | CORP              | US        |    155000 | PA      | $157333.68    | 0.27%             | 2028-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Six Flags Entertainme                                 | Six Flags Entertainment Corp.                                                     | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |    175000 | PA      | $168050.29    | 0.29%             | 2031-05-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Block Communications Inc                              | Block Communications, Inc.                                                        | CUSIP: 093645AJ8<br>LEI: M5G68A9OHJWIL4SFC742 | Long             | DBT              | CORP              | US        |    240000 | PA      | $224369.52    | 0.39%             | 2028-03-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                   | Forward Contracts: EUR 01/05/2026                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-115981.00   | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                 | Quikrete Holdings, Inc.                                                           | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    165000 | PA      | $172421.89    | 0.30%             | 2033-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Amc Networks Inc                                      | AMC Networks, Inc.                                                                | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    150000 | PA      | $157393.80    | 0.27%             | 2029-01-15      | Fixed         | 10.25%                | Yes           |                  2 | On Loan: No      |
| Buckeye Partners Lp                                   | Buckeye Partners LP                                                               | CUSIP: 118230AU5<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44871.59     | 0.08%             | 2028-03-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Weekley Homes Llc/ Finan                              | Weekley Homes LLC / Weekley Finance Corp.                                         | CUSIP: 948565AD8<br>LEI: 5493009MTTQO8ZN53F13 | Long             | DBT              | CORP              | US        |    120000 | PA      | $118438.20    | 0.20%             | 2028-09-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Cab                                                   | CAB SELAS                                                                         | CUSIP: BN7192352<br>LEI: 9695008EGX5O9K1MS743 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $114540.20    | 0.20%             | 2028-02-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Xplr Infrast Operating                                | XPLR Infrastructure Operating Partners LP                                         | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     40000 | PA      | $42107.97     | 0.07%             | 2033-03-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Waste Pro Usa Inc                                     | Waste Pro USA, Inc.                                                               | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |    160000 | PA      | $165090.50    | 0.29%             | 2033-02-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Service Properties Trust                              | Service Properties Trust                                                          | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    141000 | PA      | $148394.89    | 0.26%             | 2031-11-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Nabors Industries Inc                                 | Nabors Industries, Inc.                                                           | CUSIP: 62957HAR6<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    120000 | PA      | $118021.38    | 0.20%             | 2032-11-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Fertitta Entertainment                                | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.             | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $47575.00     | 0.08%             | 2030-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Wand Newco 3 Inc                                      | Wand NewCo 3, Inc.                                                                | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |    255000 | PA      | $270001.65    | 0.47%             | 2032-01-30      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Chart Industries Inc                                  | Chart Industries, Inc.                                                            | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |     35000 | PA      | $37174.87     | 0.06%             | 2031-01-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Lng Inc                                | Venture Global LNG, Inc.                                                          | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    290000 | PA      | $279311.86    | 0.48%             | 2030-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Olympus Wtr Us Hldg Corp                              | Olympus Water US Holding Corp.                                                    | CUSIP: 681639AB6<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |     65000 | PA      | $63308.87     | 0.11%             | 2029-10-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Global Part/glp Finance                               | Global Partners LP / GLP Finance Corp.                                            | CUSIP: 37954FAL8<br>LEI: 549300PCHWTW9P4DU444 | Long             | DBT              | CORP              | US        |    155000 | PA      | $158432.94    | 0.27%             | 2033-07-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Caesars Entertain Inc                                 | Caesars Entertainment, Inc.                                                       | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    245000 | PA      | $238436.18    | 0.41%             | 2032-10-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Ncl Corporation Ltd                                   | NCL Corp., Ltd.                                                                   | CUSIP: 62886HBZ3<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     70000 | PA      | $70003.42     | 0.12%             | 2033-09-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Celanese Us Holdings Llc                              | Celanese US Holdings LLC                                                          | CUSIP: 15089QBC7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56344.96     | 0.10%             | 2031-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Sunoco Lp                                             | Sunoco LP                                                                         | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    105000 | PA      | $107607.42    | 0.19%             | 2033-07-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Voltagrid Llc                                         | VoltaGrid LLC                                                                     | CUSIP: 92874BAA3<br>LEI: 254900R5BEUGIKK1FM03 | Long             | DBT              | CORP              | US        |    145000 | PA      | $143728.46    | 0.25%             | 2030-11-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Iho Verwaltungs Gmbh                                  | IHO Verwaltungs GmbH                                                              | CUSIP: YU1799250<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $254509.21    | 0.44%             | 2031-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Olympus Wtr Us Hldg Corp                              | Olympus Water US Holding Corp.                                                    | CUSIP: YK4056627<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    109000 | PA      | $127500.61    | 0.22%             | 2033-02-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Onemain Finance Corp                                  | OneMain Finance Corp.                                                             | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20891.55     | 0.04%             | 2031-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Pimco Dynamic Income Fund                             | PIMCO Dynamic Income Fund                                                         | CUSIP: 72201Y101<br>LEI: F0MWMXS5YG3P711FB044 | Long             | EC               | RF                | US        |     10000 | NS      | $177100.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Goeasy Ltd                                            | goeasy, Ltd.                                                                      | CUSIP: 380355AH0<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |     55000 | PA      | $56595.66     | 0.10%             | 2028-12-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings Inc                                     | Post Holdings, Inc.                                                               | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    435000 | PA      | $439776.27    | 0.76%             | 2033-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Cogent Comms Grp / Fin                                | Cogent Communications Group LLC / Cogent Finance, Inc.                            | CUSIP: 19240CAE3<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30121.71     | 0.05%             | 2027-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                   | Forward Contracts: EUR 01/05/2026                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-29380.00    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Telecom Italia Capital                                | Telecom Italia Capital SA                                                         | CUSIP: 87927VAF5<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |     16000 | PA      | $16846.35     | 0.03%             | 2033-11-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Advance Auto Parts                                    | Advance Auto Parts, Inc.                                                          | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90421.20     | 0.16%             | 2033-08-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Garda World Security                                  | Garda World Security Corp.                                                        | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    170000 | PA      | $173413.26    | 0.30%             | 2032-11-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Assemblin Caverion Group                              | Assemblin Caverion Group AB                                                       | CUSIP: YX6405832<br>LEI: 636700ULD38LN63RC248 | Long             | DBT              | CORP              | SE        |    151000 | PA      | $185167.40    | 0.32%             | 2030-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Freedom Mortgage Corp                                 | Freedom Mortgage Corp.                                                            | CUSIP: 35640YAL1<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |     35000 | PA      | $38842.59     | 0.07%             | 2030-10-01      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| Alpha Generation Llc                                  | Alpha Generation LLC                                                              | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72501.43     | 0.13%             | 2032-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Commscope Llc                                         | CommScope LLC                                                                     | CUSIP: 203372AV9<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25151.30     | 0.04%             | 2028-07-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Ncr Atleos Llc                                        | NCR Atleos Corp.                                                                  | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |    115000 | PA      | $124884.94    | 0.22%             | 2029-04-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Five Point Operating Co                               | Five Point Operating Co. LP                                                       | CUSIP: 33834YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $57544.03     | 0.10%             | 2030-10-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Hub International Ltd                                 | HUB International, Ltd.                                                           | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45025.97     | 0.08%             | 2029-12-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Co Llc                              | Ford Motor Credit Co. LLC                                                         | CUSIP: 345397G56<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46636.91     | 0.08%             | 2035-02-07      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Neopharmed Gentili Spa                                | Neopharmed Gentili SPA                                                            | CUSIP: ZB0008761<br>LEI: 815600C8FD3DCB866E50 | Long             | DBT              | CORP              | IT        |    115000 | PA      | $141118.31    | 0.24%             | 2030-04-08      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Arches Buyer Inc                                      | Arches Buyer, Inc.                                                                | CUSIP: 039524AA1<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |    235000 | PA      | $230817.68    | 0.40%             | 2028-06-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Electronic Arts Inc                                   | Electronic Arts, Inc.                                                             | CUSIP: 285512AF6<br>LEI: 549300O7A67PUEYKDL45 | Long             | DBT              | CORP              | US        |    155000 | PA      | $143262.74    | 0.25%             | 2051-02-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Ineos Quattro Finance 2                               | INEOS Quattro Finance 2 PLC                                                       | CUSIP: YU1766564<br>LEI: 213800V48W4Y5MT5Q131 | Long             | DBT              | CORP              | GB        |    105000 | PA      | $91956.88     | 0.16%             | 2030-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Spectrum Brands Inc                                   | Spectrum Brands, Inc.                                                             | CUSIP: 84762LAX3<br>LEI: 549300VU3EH2E73C1Q04 | Long             | DBT              | CORP              | US        |     22000 | PA      | $18077.87     | 0.03%             | 2031-03-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Firstcash Inc                                         | FirstCash, Inc.                                                                   | CUSIP: 31944TAA8<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    170000 | PA      | $171378.19    | 0.30%             | 2030-01-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Iron Mountain Inc                                     | Iron Mountain, Inc.                                                               | CUSIP: 46284VAP6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56531.81     | 0.10%             | 2029-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Flora Food Management Bv                              | Flora Food Management BV                                                          | CUSIP: YX8021256<br>LEI: 2549002VGA888UKFKS25 | Long             | DBT              | CORP              | NL        |    110000 | PA      | $128657.36    | 0.22%             | 2029-07-02      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Academy Ltd                                           | Academy, Ltd.                                                                     | CUSIP: 00401YAA8<br>LEI: 549300BN53IR80C35Z14 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40171.30     | 0.07%             | 2027-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Pebblebrook Hotel Trust                               | Pebblebrook Hotel Trust                                                           | CUSIP: 70509VAB6<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | DBT              | CORP              | US        |     79000 | PA      | $76867.00     | 0.13%             | 2030-01-15      | Fixed         | 1.62%                 | Yes           |                  2 | On Loan: No      |
| Amerigas Part/fin Corp                                | AmeriGas Partners LP / AmeriGas Finance Corp.                                     | CUSIP: 030981AM6<br>LEI: H36E1IF6YS0OBMHM6168 | Long             | DBT              | CORP              | US        |    225000 | PA      | $234052.10    | 0.40%             | 2028-06-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| B&m European Value Ret                                | B&M European Value Retail SA                                                      | CUSIP: ZG1107892<br>LEI: 213800UK7ZRLY2K1X530 | Long             | DBT              | CORP              | LU        |    190000 | PA      | $268097.70    | 0.46%             | 2030-11-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Eircom Finance Dac                                    | eircom Finance DAC                                                                | CUSIP: N/A<br>LEI: 254900NA4DUH50UERM85       | Long             | DBT              | CORP              | IE        |    216000 | PA      | $258669.96    | 0.45%             | 2031-04-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Usa Com Part/usa Com Fin                              | USA Compression Partners LP / USA Compression Finance Corp.                       | CUSIP: 91740PAG3<br>LEI: 5493000B1PEOKXRZEO65 | Long             | DBT              | CORP              | US        |    195000 | PA      | $201938.36    | 0.35%             | 2029-03-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Telefonica Europe Bv                                  | Telefonica Europe BV                                                              | CUSIP: ZD4852251<br>LEI: 7245007FZS0M65WUGP67 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $249268.54    | 0.43%             | 9999-12-31      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Cogent Comms Grp / Fin                                | Cogent Communications Group LLC / Cogent Finance, Inc.                            | CUSIP: 19240WAA7<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45131.02     | 0.08%             | 2027-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Dcli Bidco Llc                                        | Dcli Bidco LLC                                                                    | CUSIP: 233104AA6<br>LEI: 2549007UUVJTHHNK9T70 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82297.00     | 0.14%             | 2029-11-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                   | Forward Contracts: EUR 01/05/2026                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $124.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bombardier Inc                                        | Bombardier, Inc.                                                                  | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    120000 | PA      | $126988.32    | 0.22%             | 2033-06-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Chs/community Health Sys                              | CHS/Community Health Systems, Inc.                                                | CUSIP: 12543DBH2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40144.40     | 0.07%             | 2029-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Level 3 Financing Inc                                 | Level 3 Financing, Inc.                                                           | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154705.79    | 0.27%             | 2034-03-31      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Garda World Security                                  | Garda World Security Corp.                                                        | CUSIP: 36485MAQ2<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |     15000 | PA      | $15358.07     | 0.03%             | 2031-01-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Eg Global Finance Plc                                 | EG Global Finance PLC                                                             | CUSIP: ZH9739603<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |    140000 | PA      | $178644.27    | 0.31%             | 2028-11-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Teamsystem Spa                                        | TeamSystem SpA                                                                    | CUSIP: YN4653682<br>LEI: 81560062081DF3AB7A90 | Long             | DBT              | CORP              | IT        |    165000 | PA      | $196055.59    | 0.34%             | 2031-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Medline Borrower Lp                                   | Medline Borrower LP                                                               | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    110000 | PA      | $110659.56    | 0.19%             | 2029-10-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Cascades Inc/usa Inc                                  | Cascades, Inc./Cascades USA, Inc.                                                 | CUSIP: 14739LAD4<br>LEI: FPD41G4F3GH7OJ38TS94 | Long             | DBT              | CORP              | CA        |    175000 | PA      | $182439.25    | 0.32%             | 2030-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Cushman & Wakefield Us                                | Cushman & Wakefield US Borrower LLC                                               | CUSIP: 23166MAC7<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |    110000 | PA      | $117772.49    | 0.20%             | 2031-09-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Cleveland-cliffs Inc                                  | Cleveland-Cliffs, Inc.                                                            | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128281.31    | 0.22%             | 2032-03-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Grp Inc                                | Cloud Software Group, Inc.                                                        | CUSIP: 18912UAG7<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34708.71     | 0.06%             | 2033-08-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Univision Communications                              | Univision Communications, Inc.                                                    | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    140000 | PA      | $150573.92    | 0.26%             | 2032-08-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| Clydesdale Acquisition                                | Clydesdale Acquisition Holdings, Inc.                                             | CUSIP: 18972EAC9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35918.75     | 0.06%             | 2030-01-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Lfs Topco Llc                                         | LFS Topco LLC                                                                     | CUSIP: 50203TAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $261905.28    | 0.45%             | 2030-07-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Dynamo Newco Ii Gmbh                                  | Dynamo Newco II GmbH                                                              | CUSIP: YV9595054<br>LEI: 391200FDSPYB8FKV7F97 | Long             | DBT              | CORP              | DE        |    205000 | PA      | $246000.09    | 0.43%             | 2031-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Jeld-wen Inc                                          | JELD-WEN, Inc.                                                                    | CUSIP: 47580PAA1<br>LEI: 549300XWE6NM0N1HFW16 | Long             | DBT              | CORP              | US        |     85000 | PA      | $58481.68     | 0.10%             | 2032-09-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Williams Scotsman Inc                                 | Williams Scotsman, Inc.                                                           | CUSIP: 96949VAL7<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73172.24     | 0.13%             | 2031-10-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Nustar Logistics Lp                                   | NuStar Logistics LP                                                               | CUSIP: 67059TAH8<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |     28000 | PA      | $29488.28     | 0.05%             | 2030-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Cco Hldgs Llc/cap Corp                                | CCO Holdings LLC / CCO Holdings Capital Corp.                                     | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $219124.64    | 0.38%             | 2033-06-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Telefonica Europe Bv                                  | Telefonica Europe BV                                                              | CUSIP: N/A<br>LEI: 7245007FZS0M65WUGP67       | Long             | DBT              | CORP              | NL        |    100000 | PA      | $130143.77    | 0.23%             | 9999-12-31      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Vmed O2 Uk Finan                                      | Vmed O2 UK Financing I PLC                                                        | CUSIP: BQ1812982<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $240190.77    | 0.42%             | 2031-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Athenahealth Group Inc                                | AthenaHealth Group, Inc.                                                          | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |    245000 | PA      | $244470.92    | 0.42%             | 2030-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Crosscountry Inter                                    | CrossCountry Intermediate HoldCo LLC                                              | CUSIP: 22757VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $117443.29    | 0.20%             | 2030-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Fs Kkr Capital Corp                                   | FS KKR Capital Corp.                                                              | CUSIP: 302635AP2<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |    500000 | PA      | $492358.17    | 0.85%             | 2030-01-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Emrld Bor / Emrld Co-iss                              | EMRLD Borrower LP / Emerald Co.-Issuer, Inc.                                      | CUSIP: ZK4799290<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |    100000 | PA      | $122818.17    | 0.21%             | 2030-12-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Techem Verwaltungsgesell                              | Techem Verwaltungsgesellschaft 675 mbH                                            | CUSIP: YN6842291<br>LEI: 529900N0M7FQHNAV1A41 | Long             | DBT              | CORP              | DE        |    171000 | PA      | $203879.80    | 0.35%             | 2032-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners Lp                                   | Buckeye Partners LP                                                               | CUSIP: 118230AV3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    105000 | PA      | $109618.11    | 0.19%             | 2029-07-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Bombardier Inc                                        | Bombardier, Inc.                                                                  | CUSIP: 097751BX8<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $100367.30    | 0.17%             | 2028-02-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Adient Global Holdings                                | Adient Global Holdings, Ltd.                                                      | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    130000 | PA      | $134265.30    | 0.23%             | 2033-02-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Crosscountry Inter                                    | CrossCountry Intermediate HoldCo LLC                                              | CUSIP: 22757VAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $45954.54     | 0.08%             | 2032-12-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Northern Oil & Gas Inc                                | Northern Oil & Gas, Inc.                                                          | CUSIP: 665531AL3<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    175000 | PA      | $170499.79    | 0.29%             | 2033-10-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Onemain Finance Corp                                  | OneMain Finance Corp.                                                             | CUSIP: 682691AE0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     40000 | PA      | $42319.08     | 0.07%             | 2030-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| New Enterprise Stone & L                              | New Enterprise Stone & Lime Co., Inc.                                             | CUSIP: 644274AG7<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35450.45     | 0.06%             | 2028-07-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Eqt Corp                                              | EQT Corp.                                                                         | CUSIP: 26884LBD0<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    180000 | PA      | $181239.69    | 0.31%             | 2031-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Sm Energy Co                                          | SM Energy Co.                                                                     | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    112000 | PA      | $110174.25    | 0.19%             | 2032-08-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Ctec Ii Gmbh                                          | CTEC II GmbH                                                                      | CUSIP: BT5531863<br>LEI: 98450044C9BACG3DA974 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $220498.15    | 0.38%             | 2030-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Rocketmtge Co-issuer Inc                              | Rocket Mortgage LLC / Rocket Mortgage Co.-Issuer, Inc.                            | CUSIP: 77313LAB9<br>LEI: 549300FGXN1K3HLB1R50 | Long             | DBT              | CORP              | US        |     75000 | PA      | $69736.21     | 0.12%             | 2033-10-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Ncr Voyix Corp                                        | NCR Voyix Corp.                                                                   | CUSIP: 62886EBA5<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |     34000 | PA      | $33863.74     | 0.06%             | 2029-04-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Albion Financing 1sarl /                              | Albion Financing 1 SARL / Aggreko Holdings, Inc.                                  | CUSIP: N/A<br>LEI: 259400W9CABUZBRDLP97       | Long             | DBT              | CORP              | LU        |    100000 | PA      | $121443.43    | 0.21%             | 2030-05-21      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Specialty Building Produ                              | Specialty Building Products Holdings LLC / SBP Finance Corp.                      | CUSIP: 84749AAC1<br>LEI: 549300ICFD46O3KMJC06 | Long             | DBT              | CORP              | US        |    145000 | PA      | $141607.00    | 0.24%             | 2029-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Neopharmed Gentili Spa                                | Neopharmed Gentili SPA                                                            | CUSIP: ZB0008787<br>LEI: 815600C8FD3DCB866E50 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $122711.57    | 0.21%             | 2030-04-08      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Standard Building Soluti                              | Standard Building Solutions, Inc.                                                 | CUSIP: 853192AA0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    275000 | PA      | $275975.78    | 0.48%             | 2034-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Blackrock Tcp Cap Corp                                | BlackRock TCP Capital Corp.                                                       | CUSIP: 09259EAC2<br>LEI: 549300JU1XG1HF56J989 | Long             | DBT              | CORP              | US        |    387000 | PA      | $388853.90    | 0.67%             | 2029-05-30      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Pennymac Fin Svcs Inc                                 | PennyMac Financial Services, Inc.                                                 | CUSIP: 70932MAF4<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    235000 | PA      | $245493.38    | 0.42%             | 2033-02-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Panther Escrow Issuer                                 | Panther Escrow Issuer LLC                                                         | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $145162.92    | 0.25%             | 2031-06-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Cqp Holdco Lp/bip-v Chin                              | CQP Holdco LP / BIP-V Chinook Holdco LLC                                          | CUSIP: 12657NAB6<br>LEI: 549300LPL012JY5D4B69 | Long             | DBT              | CORP              | US        |    250000 | PA      | $269079.75    | 0.47%             | 2033-12-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Vital Energy Inc                                      | Vital Energy, Inc.                                                                | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73947.30     | 0.13%             | 2032-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Hilton Domestic Operatin                              | Hilton Domestic Operating Co., Inc.                                               | CUSIP: 432833AT8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251843.21    | 0.44%             | 2034-03-31      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Mineral Resources Ltd                                 | Mineral Resources, Ltd.                                                           | CUSIP: 603051AD5<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    330000 | PA      | $343476.60    | 0.59%             | 2030-05-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Level 3 Financing Inc                                 | Level 3 Financing, Inc.                                                           | CUSIP: 527298CQ4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56393.57     | 0.10%             | 2036-01-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Ziprecruiter Inc                                      | ZipRecruiter, Inc.                                                                | CUSIP: 98980BAA1<br>LEI: 549300HLOVNNFCY2IV80 | Long             | DBT              | CORP              | US        |    165000 | PA      | $129701.88    | 0.22%             | 2030-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Novelis Corp                                          | Novelis Corp.                                                                     | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    260000 | PA      | $270098.66    | 0.47%             | 2030-01-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Nrg Energy Inc                                        | NRG Energy, Inc.                                                                  | CUSIP: 629377CR1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    260000 | PA      | $243113.67    | 0.42%             | 2031-02-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Frontier Communications                               | Frontier Communications Holdings LLC                                              | CUSIP: 35908MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $20905.71     | 0.04%             | 2030-05-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Chs/community Health Sys                              | CHS/Community Health Systems, Inc.                                                | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    165000 | PA      | $155263.80    | 0.27%             | 2030-05-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Stonebriar Abf Llc                                    | Stonebriar ABF Issuer LLC                                                         | CUSIP: 86177CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $97846.20     | 0.17%             | 2030-12-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Vz Secured Financing Bv                               | VZ Secured Financing BV                                                           | CUSIP: 91845AAB1<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |    203000 | PA      | $205853.73    | 0.36%             | 2033-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Iron Mountain Inc                                     | Iron Mountain, Inc.                                                               | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54377.66     | 0.09%             | 2030-07-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Walker & Dunlop Inc                                   | Walker & Dunlop, Inc.                                                             | CUSIP: 93148PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    180000 | PA      | $185535.72    | 0.32%             | 2033-04-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Plaque                                 | Venture Global Plaquemines LNG LLC                                                | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     30000 | PA      | $32431.68     | 0.06%             | 2033-05-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Nustar Logistics Lp                                   | NuStar Logistics LP                                                               | CUSIP: 67059TAF2<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5028.06      | 0.01%             | 2026-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Nissan Motor Co                                       | Nissan Motor Co., Ltd.                                                            | CUSIP: 654922AC7<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    145000 | PA      | $154151.00    | 0.27%             | 2032-07-17      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Bombardier Inc                                        | Bombardier, Inc.                                                                  | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     90000 | PA      | $95210.19     | 0.16%             | 2032-06-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Alliant Hold / Co-issuer                              | Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer                   | CUSIP: 01883LAF0<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25954.14     | 0.04%             | 2031-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Midcap Financial Invest                               | MidCap Financial Investment Corp.                                                 | CUSIP: 03761U601<br>LEI: 5493005P14I7WFB3FW47 | Long             | EP               | CORP              | US        |      3018 | NS      | $75842.34     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Six Flags/canada Won                                  | Six Flags Entertainment Corp. / Canada's Wonderland Co. / Magnum Management Corp  | CUSIP: 150190AE6<br>LEI: 549300TUVLNQQ6BVKH61 | Long             | DBT              | CORP              | US        |    130000 | PA      | $121317.14    | 0.21%             | 2029-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Vmed O2 Uk Finan                                      | Vmed O2 UK Financing I PLC                                                        | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    225000 | PA      | $207899.66    | 0.36%             | 2031-07-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Transdigm Inc                                         | TransDigm, Inc.                                                                   | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    195000 | PA      | $203252.25    | 0.35%             | 2034-01-31      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Transdigm Inc                                         | TransDigm, Inc.                                                                   | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    350000 | PA      | $359382.45    | 0.62%             | 2033-05-31      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Herc Holdings Inc                                     | Herc Holdings, Inc.                                                               | CUSIP: 42704LAK0<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55767.07     | 0.10%             | 2034-03-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Bombardier Inc                                        | Bombardier, Inc.                                                                  | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     30000 | PA      | $32006.94     | 0.06%             | 2031-07-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Outfront Media Cap Llc/c                              | Outfront Media Capital LLC / Outfront Media Capital Corp.                         | CUSIP: 69007TAB0<br>LEI: 5493005WC7J0FDMW0610 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20119.61     | 0.03%             | 2027-08-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Avient Corp                                           | Avient Corp.                                                                      | CUSIP: 05368VAA4<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |     85000 | PA      | $87833.39     | 0.15%             | 2030-08-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Arsenal Aic Parent Llc                                | Arsenal AIC Parent LLC                                                            | CUSIP: 04288BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $69056.70     | 0.12%             | 2030-10-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| California Buyer/atlanti                              | California Buyer, Ltd. / Atlantica Sustainable Infrastructure PLC                 | CUSIP: YU6666710<br>LEI: 549300ITBBGKJ651R879 | Long             | DBT              | CORP              | GB        |    130000 | PA      | $156422.57    | 0.27%             | 2032-02-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Xplr Infrast Operating                                | XPLR Infrastructure Operating Partners LP                                         | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     20000 | PA      | $21028.72     | 0.04%             | 2031-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Allied Universal Holdco                               | Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl     | CUSIP: 049362AA4<br>LEI: 549300ONXPZT3KQZDR65 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196925.24    | 0.34%             | 2028-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Commercial Metals Co                                  | Commercial Metals Co.                                                             | CUSIP: 201723AV5<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |     90000 | PA      | $92316.23     | 0.16%             | 2035-12-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Cablevision Lightpath                                 | Cablevision Lightpath LLC                                                         | CUSIP: 12687GAA7<br>LEI: 5493002ZVBLRLGES1R71 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68582.95     | 0.12%             | 2027-09-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| 1261229 Bc Ltd                                        | 1261229 BC, Ltd.                                                                  | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    265000 | PA      | $275803.23    | 0.48%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Univision Communications                              | Univision Communications, Inc.                                                    | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10199.96     | 0.02%             | 2030-06-30      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Wr Grace Holding Llc                                  | WR Grace Holdings LLC                                                             | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    145000 | PA      | $138587.48    | 0.24%             | 2029-08-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Sunoco Lp                                             | Sunoco LP                                                                         | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    145000 | PA      | $153409.44    | 0.27%             | 2032-05-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Alpha Generation Llc                                  | Alpha Generation LLC                                                              | CUSIP: 02073LAC5<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85921.57     | 0.15%             | 2034-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Sani/ikos Financial Hldg                              | Sani/Ikos Financial Holdings 1 Sarl                                               | CUSIP: YW4465137<br>LEI: 213800TZMBQZ462Y8A24 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $123626.10    | 0.21%             | 2030-07-31      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Sealed Air/sealed Air Us                              | Sealed Air Corp./Sealed Air Corp US                                               | CUSIP: 812127AB4<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |     98000 | PA      | $102174.02    | 0.18%             | 2031-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Freedom Mortgage Hold                                 | Freedom Mortgage Holdings LLC                                                     | CUSIP: 35641AAB4<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    140000 | PA      | $150542.98    | 0.26%             | 2031-05-15      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                   | Forward Contracts: EUR 01/05/2026                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-135148.00   | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| Miller Homes Group Fin                                | Miller Homes Group Finco PLC                                                      | CUSIP: YQ8730661<br>LEI: 98450057058CDE2E9650 | Long             | DBT              | CORP              | GB        |    105000 | PA      | $125461.02    | 0.22%             | 2030-10-15      | Floating      | 6.31%                 | Yes           |                  2 | On Loan: No      |
| Warnermedia Holdings Inc                              | Warnermedia Holdings, Inc.                                                        | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    380000 | PA      | $268375.00    | 0.46%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Inc                                     | Iron Mountain, Inc.                                                               | CUSIP: 46284VAG6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15012.76     | 0.03%             | 2028-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Fiesta Purchaser Inc                                  | Fiesta Purchaser, Inc.                                                            | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $136567.08    | 0.24%             | 2032-09-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| Sammontana Italia Spa                                 | Sammontana Italia SpA                                                             | CUSIP: YU1764981<br>LEI: 8156002DFC51B8173A68 | Long             | DBT              | CORP              | IT        |    150000 | PA      | $178366.78    | 0.31%             | 2031-10-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Six Flags Entertainme                                 | Six Flags Entertainment Corp.                                                     | CUSIP: 83001AAC6<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79623.79     | 0.14%             | 2027-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Howard Midstream Energy                               | Howard Midstream Energy Partners LLC                                              | CUSIP: 442722AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $97641.43     | 0.17%             | 2034-01-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Aegis Lux                                             | Aegis Lux 1a Sarl                                                                 | CUSIP: YJ4150837<br>LEI: 529900WB6L9XYCR8YT98 | Long             | DBT              | CORP              | LU        |    132000 | PA      | $157442.69    | 0.27%             | 2031-10-29      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Equipmentshare.com Inc                                | EquipmentShare.com, Inc.                                                          | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     80000 | PA      | $84278.32     | 0.15%             | 2033-03-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Fs Kkr Capital Corp                                   | FS KKR Capital Corp.                                                              | CUSIP: 302635206<br>LEI: 549300TYRSI1T21B1360 | Long             | EC               | RF                | US        |      5000 | NS      | $74050.00     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Irca Spa                                              | Irca SpA                                                                          | CUSIP: YT5212675<br>LEI: 815600CDE52BA2426216 | Long             | DBT              | CORP              | IT        |    125000 | PA      | $149636.65    | 0.26%             | 2029-12-15      | Floating      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| Nissan Motor Co                                       | Nissan Motor Co., Ltd.                                                            | CUSIP: 654922AB9<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    140000 | PA      | $147032.98    | 0.25%             | 2030-07-17      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Wbi Operating Llc                                     | WBI Operating LLC                                                                 | CUSIP: 92944BAB7<br>LEI: 254900A83461EGRMOV11 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124593.44    | 0.22%             | 2033-10-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Xplr Infrast Operating                                | XPLR Infrastructure Operating Partners LP                                         | CUSIP: 98379YAA0<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    105000 | PA      | $106792.08    | 0.18%             | 2034-04-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Herc Holdings Inc                                     | Herc Holdings, Inc.                                                               | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     90000 | PA      | $93760.97     | 0.16%             | 2029-06-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| K Hovnanian Enterprises                               | K Hovnanian Enterprises, Inc.                                                     | CUSIP: 48251UAP3<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56175.46     | 0.10%             | 2031-04-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Lhmc Finco 2 Sarl                                     | LHMC Finco 2 Sarl                                                                 | CUSIP: N/A<br>LEI: 254900VNJ7A4DAOPXL60       | Long             | DBT              | CORP              | LU        |    167625 | PA      | $205207.68    | 0.35%             | 2030-05-15      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Mercer Intl Inc                                       | Mercer International, Inc.                                                        | CUSIP: 588056BB6<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |    225000 | PA      | $144439.58    | 0.25%             | 2029-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Zf Na Capital                                         | ZF North America Capital, Inc.                                                    | CUSIP: 98877DAD7<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35850.34     | 0.06%             | 2028-04-14      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Bloomin' Brands Inc/osi                               | Bloomin' Brands, Inc. / OSI Restaurant Partners LLC                               | CUSIP: 094234AA9<br>LEI: E1UJ2GO305B5FXGV7N04 | Long             | DBT              | CORP              | US        |    165000 | PA      | $150559.34    | 0.26%             | 2029-04-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Owens-brockway                                        | Owens-Brockway Glass Container, Inc.                                              | CUSIP: 69073TAV5<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203152.60    | 0.35%             | 2032-06-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| William Carter                                        | William Carter Co.                                                                | CUSIP: 96926JAG2<br>LEI: TGI2A0HXEYNQPU7TYV27 | Long             | DBT              | CORP              | US        |    185000 | PA      | $191503.12    | 0.33%             | 2031-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Cco Hldgs Llc/cap Corp                                | CCO Holdings LLC / CCO Holdings Capital Corp.                                     | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $148062.04    | 0.26%             | 2031-03-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Rocket Software Inc                                   | Rocket Software, Inc.                                                             | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    115000 | PA      | $118676.19    | 0.21%             | 2028-11-28      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| California Resources Crp                              | California Resources Corp.                                                        | CUSIP: 13057QAL1<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |    115000 | PA      | $113348.98    | 0.20%             | 2034-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Iliad Holding Sas                                     | Iliad Holding SAS                                                                 | CUSIP: YT3446630<br>LEI: 9695009BGMXB527HV965 | Long             | DBT              | CORP              | FR        |    140000 | PA      | $170229.77    | 0.29%             | 2030-04-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Blue Racer Mid Llc/finan                              | Blue Racer Midstream LLC / Blue Racer Finance Corp.                               | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $109979.94    | 0.19%             | 2029-07-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Hunt Cos Inc                                          | Hunt Companies, Inc.                                                              | CUSIP: 445587AE8<br>LEI: 549300ODPWDNCH5TKM49 | Long             | DBT              | CORP              | US        |    255000 | PA      | $250045.68    | 0.43%             | 2029-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Oneok Inc                                             | ONEOK, Inc.                                                                       | CUSIP: 682680CY7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    265000 | PA      | $232694.06    | 0.40%             | 2045-04-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Mineral Resources Ltd                                 | Mineral Resources, Ltd.                                                           | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |     20000 | PA      | $21008.01     | 0.04%             | 2028-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| K Hovnanian Enterprises                               | K Hovnanian Enterprises, Inc.                                                     | CUSIP: 48251UAQ1<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76279.46     | 0.13%             | 2033-10-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Hilton Grand Vac Llc/inc                              | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower, Inc.       | CUSIP: 43284MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $223557.22    | 0.39%             | 2029-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Kinetik Holdings Lp                                   | Kinetik Holdings LP                                                               | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55526.33     | 0.10%             | 2030-06-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                   | Forward Contracts: GBP 01/05/2026                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-1301696.00  | -2.25%            |  |  |  | No            |                  2 | On Loan: No      |
| Comstock Resources Inc                                | Comstock Resources, Inc.                                                          | CUSIP: 205768AU8<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124847.10    | 0.22%             | 2029-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Ftai Aviation Investors                               | FTAI Aviation Investors LLC                                                       | CUSIP: 34960PAG6<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    235000 | PA      | $247225.41    | 0.43%             | 2032-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Blue Owl Capital Corp                                 | Blue Owl Capital Corp.                                                            | CUSIP: 69121K104<br>LEI: 2549000BD79OOCPF2L94 | Long             | EC               | RF                | US        |     10000 | NS      | $124300.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Co Inc                              | Acadia Healthcare Co., Inc.                                                       | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    340000 | PA      | $343826.36    | 0.59%             | 2033-03-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Bombardier Inc                                        | Bombardier, Inc.                                                                  | CUSIP: 097751CA7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     90000 | PA      | $97349.22     | 0.17%             | 2030-11-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Boels Topholding Bv                                   | Boels Topholding BV                                                               | CUSIP: ZB4936868<br>LEI: 724500V913SEHSEW2O75 | Long             | DBT              | CORP              | NL        |    125000 | PA      | $152217.45    | 0.26%             | 2030-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Carlyle Secured Lending Inc                           | TCG BDC, Inc.                                                                     | CUSIP: 872280102<br>LEI: 5493003POT0JT6WD1D83 | Long             | EC               | RF                | US        |     14219 | NS      | $177595.31    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Oaktree Specialty Lending Corp                        | Oaktree Specialty Lending Corp.                                                   | CUSIP: 67401P405<br>LEI: 549300J6MGCEU5928620 | Long             | EC               | RF                | US        |     15000 | NS      | $191100.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Channel Outdoor Ho                              | Clear Channel Outdoor Holdings, Inc.                                              | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     65000 | PA      | $68730.87     | 0.12%             | 2030-04-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Weatherford Internationa                              | Weatherford International, Ltd.                                                   | CUSIP: 947075AW7<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |    195000 | PA      | $199805.19    | 0.35%             | 2033-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Cougar Jv Subsidiary Llc                              | Cougar JV Subsidiary LLC                                                          | CUSIP: 22208WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $241382.48    | 0.42%             | 2032-05-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Opal Bidco Sas                                        | Opal Bidco SAS                                                                    | CUSIP: YQ6351957<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    220000 | PA      | $267446.96    | 0.46%             | 2032-03-31      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                   | EG America LLC                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     73359 | PA      | $73733.80     | 0.13%             | 2028-02-07      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Suburban Propane Partnrs                              | Suburban Propane Partners LP/Suburban Energy Finance Corp.                        | CUSIP: 864486AM7<br>LEI: JJAX4X60DE65EYFOTY73 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35029.60     | 0.06%             | 2035-12-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Franklin Bsp Capital Co                               | Franklin BSP Capital Corp.                                                        | CUSIP: 35250VAB0<br>LEI: 549300KJEVMKATLINB36 | Long             | DBT              | CORP              | US        |    600000 | PA      | $618629.45    | 1.07%             | 2029-06-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Anywhere Re Grp/realogy                               | Anywhere Real Estate Group LLC / Realogy Co.-Issuer Corp.                         | CUSIP: 75606DAL5<br>LEI: LF6PBYTYG3BDVEF4FI12 | Long             | DBT              | CORP              | US        |     65000 | PA      | $63178.69     | 0.11%             | 2029-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Olympus Wtr Us Hldg Corp                              | Olympus Water US Holding Corp.                                                    | CUSIP: 681639AE0<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |     95000 | PA      | $95555.90     | 0.17%             | 2033-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Amerigas Part/fin Corp                                | AmeriGas Partners LP / AmeriGas Finance Corp.                                     | CUSIP: 030981AL8<br>LEI: H36E1IF6YS0OBMHM6168 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75471.98     | 0.13%             | 2027-05-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Churchill Downs Inc                                   | Churchill Downs, Inc.                                                             | CUSIP: 171484AE8<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10000.88     | 0.02%             | 2028-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Univision Communications                              | Univision Communications, Inc.                                                    | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    130000 | PA      | $134737.20    | 0.23%             | 2028-08-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Toucan Finco Ltd/can/us                               | Toucan FinCo, Ltd./Toucan FinCo Can, Inc./Toucan FinCo US LLC                     | CUSIP: 89157UAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    135000 | PA      | $134937.43    | 0.23%             | 2030-05-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Fs Kkr Capital Corp                                   | FS KKR Capital Corp.                                                              | CUSIP: 302635AN7<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201704.00    | 0.35%             | 2029-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Cco Hldgs Llc/cap Corp                                | CCO Holdings LLC / CCO Holdings Capital Corp.                                     | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $114680.22    | 0.20%             | 2030-03-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Pebblebrook Hotel Trust                               | Pebblebrook Hotel Trust                                                           | CUSIP: 70509VAA8<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | DBT              | CORP              | US        |     62000 | PA      | $59985.00     | 0.10%             | 2026-12-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Bluelinx Holding                                      | BlueLinx Holdings, Inc.                                                           | CUSIP: 09624HAA7<br>LEI: 549300YSX7GU28F5I540 | Long             | DBT              | CORP              | US        |    215000 | PA      | $211735.40    | 0.37%             | 2029-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Ray Financing Llc                                     | RAY Financing LLC                                                                 | CUSIP: YX9670143<br>LEI: 254900IA5MVMGDF40Z19 | Long             | DBT              | CORP              | US        |    100000 | PA      | $119988.78    | 0.21%             | 2031-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Csc Holdings Llc                                      | CSC Holdings LLC                                                                  | CUSIP: 126307BK2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |     25000 | PA      | $8950.49      | 0.02%             | 2031-11-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Galaxy Bidco Ltd                                      | Galaxy Bidco, Ltd.                                                                | CUSIP: YT6755987<br>LEI: 2138006O8YW3QCHKDY76 | Long             | DBT              | CORP              | GB        |    105000 | PA      | $149167.93    | 0.26%             | 2029-12-19      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Lcm Investments Holdings                              | LCM Investments Holdings II LLC                                                   | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    295000 | PA      | $312198.04    | 0.54%             | 2031-08-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Telecom Italia Capital                                | Telecom Italia Capital SA                                                         | CUSIP: 87927VAR9<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |    335000 | PA      | $364940.86    | 0.63%             | 2036-07-18      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Heathrow Finance Plc                                  | Heathrow Finance PLC                                                              | CUSIP: ZD6400794<br>LEI: 549300F740QSGMPHQJ60 | Long             | DBT              | CORP              | GB        |    105000 | PA      | $142547.09    | 0.25%             | 2031-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Cvr Energy Inc                                        | CVR Energy, Inc.                                                                  | CUSIP: 12662PAD0<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |    145000 | PA      | $143563.83    | 0.25%             | 2028-02-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Plaque                                 | Venture Global Plaquemines LNG LLC                                                | CUSIP: 922966AF3<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    145000 | PA      | $148230.26    | 0.26%             | 2034-06-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Greystar Real Estate Par                              | Greystar Real Estate Partners LLC                                                 | CUSIP: 39807UAD8<br>LEI: 254900HGC806SXAS4M46 | Long             | DBT              | CORP              | US        |    120000 | PA      | $126576.60    | 0.22%             | 2030-09-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Dye & Durham Limited                                  | Dye & Durham, Ltd.                                                                | CUSIP: 267486AA6<br>LEI: 549300XUQDPIC5QRY347 | Long             | DBT              | CORP              | CA        |    325000 | PA      | $306771.20    | 0.53%             | 2029-04-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Csc Holdings Llc                                      | CSC Holdings LLC                                                                  | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    115000 | PA      | $42607.44     | 0.07%             | 2030-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Marriott Ownership Resor                              | Marriott Ownership Resorts, Inc.                                                  | CUSIP: 57164PAF3<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49285.43     | 0.09%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Venture Global Lng Inc                                | Venture Global LNG, Inc.                                                          | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34825.21     | 0.06%             | 2031-06-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| State Street Institutional Treasury Money Market Fund | State Street Institutional Treasury Money Market Fund Premier Class               | CUSIP: 857492888<br>LEI: 549300Q3FHSMZ70NLT76 | Long             | STIV             | RF                | US        |   2402353 | NS      | $2402352.52   | 4.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinetik Holdings Lp                                   | Kinetik Holdings LP                                                               | CUSIP: 49461MAB6<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    230000 | PA      | $236967.16    | 0.41%             | 2028-12-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Celanese Us Holdings Llc                              | Celanese US Holdings LLC                                                          | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    410000 | PA      | $408219.90    | 0.71%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Edge Finco Plc                                        | Edge Finco PLC                                                                    | CUSIP: YU1793212<br>LEI: 648835NI8LJE5190NT73 | Long             | DBT              | CORP              | GB        |    120000 | PA      | $172501.77    | 0.30%             | 2031-08-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vac Llc/inc                              | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower, Inc.       | CUSIP: 43284MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $121464.92    | 0.21%             | 2031-07-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Wynn Resorts Finance Llc                              | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.                             | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $59548.66     | 0.10%             | 2031-02-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Mpt Oper Partnersp/finl                               | MPT Operating Partnership LP / MPT Finance Corp.                                  | CUSIP: 55342UAH7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |    220000 | PA      | $213230.91    | 0.37%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Altice France Sa                                      | Altice France SA                                                                  | CUSIP: 02090DAC2<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    115000 | PA      | $109295.51    | 0.19%             | 2031-10-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Boots Group Finco Lp                                  | Boots Group Finco LP                                                              | CUSIP: YM3458762<br>LEI: 254900YVLYOVF1PF1N93 | Long             | DBT              | CORP              | US        |    205000 | PA      | $249361.67    | 0.43%             | 2032-08-31      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Saba Capital Income & Opportunities Fund              | Saba Capital Income & Opportunities Fund                                          | CUSIP: 78518H202<br>LEI: 549300MGSUUJ7E55N746 | Long             | EC               | RF                | US        |     59882 | NS      | $419772.82    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheplapharm Arzneimittel                              | Cheplapharm Arzneimittel GmbH                                                     | CUSIP: YN4658822<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $120512.10    | 0.21%             | 2031-06-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Kraken Oil & Gas Partner                              | Kraken Oil & Gas Partners LLC                                                     | CUSIP: 50076PAA6<br>LEI: 549300DR5HSL4YAU3X12 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69388.22     | 0.12%             | 2029-08-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Blackrock Corporate High Yield Fund Inc               | BlackRock Corporate High Yield Fund, Inc.                                         | CUSIP: 09255P107<br>LEI: 97ZR60BLU36N5VJMH054 | Long             | EC               | RF                | US        |       100 | NS      | $890.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Us Foods Inc                                          | US Foods, Inc.                                                                    | CUSIP: 90290MAH4<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |     95000 | PA      | $99975.55     | 0.17%             | 2032-01-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Kronos International Inc                              | Kronos International, Inc.                                                        | CUSIP: ZF8748658<br>LEI: 529900NTVDLUSYY9F493 | Long             | DBT              | CORP              | US        |    120000 | PA      | $132088.87    | 0.23%             | 2029-03-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                   | Forward Contracts: EUR 01/05/2026                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $117520.00    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Match Group Financeco 2                               | Match Group Financeco 2, Inc.                                                     | CUSIP: 44932FAA5<br>LEI: 549300IPGK4BWL134U96 | Long             | DBT              | CORP              | US        |    155000 | PA      | $152682.75    | 0.26%             | 2026-06-15      | Fixed         | 0.88%                 | Yes           |                  2 | On Loan: No      |
| Lbm Acquisition Llc                                   | LBM Acquisition LLC                                                               | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |    155000 | PA      | $139643.42    | 0.24%             | 2029-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Perimeter Hol                                         | Perimeter Holdings LLC                                                            | CUSIP: 71384AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $104382.48    | 0.18%             | 2034-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Vistra Operations Co Llc                              | Vistra Operations Co. LLC                                                         | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     40000 | PA      | $42385.89     | 0.07%             | 2031-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| American Airlines Inc                                 | American Airlines, Inc.                                                           | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |     45000 | PA      | $47093.27     | 0.08%             | 2029-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Big River Steel/brs Fin                               | Big River Steel LLC / BRS Finance Corp.                                           | CUSIP: 08949LAB6<br>LEI: 549300FDOTXSG1N4RG27 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60554.34     | 0.10%             | 2029-01-31      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Rocket Cos Inc                                        | Rocket Cos., Inc.                                                                 | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $57412.80     | 0.10%             | 2033-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Ray Financing Llc                                     | RAY Financing LLC                                                                 | CUSIP: YX9670093<br>LEI: 254900IA5MVMGDF40Z19 | Long             | DBT              | CORP              | US        |    100000 | PA      | $119988.78    | 0.21%             | 2031-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Cco Hldgs Llc/cap Corp                                | CCO Holdings LLC / CCO Holdings Capital Corp.                                     | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $204293.84    | 0.35%             | 2034-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Ineos Finance Plc                                     | INEOS Finance PLC                                                                 | CUSIP: 44984WAJ6<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $173921.14    | 0.30%             | 2029-04-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                   | Naked Juice, LLC                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     14404 | PA      | $3921.24      | 0.01%             | 2030-01-24      | Floating      | 10.00%                | No            |                  2 | On Loan: No      |
| Firstcash Inc                                         | FirstCash, Inc.                                                                   | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52072.59     | 0.09%             | 2032-03-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                   | Forward Contracts: EUR 01/05/2026                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-4583.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Phi Group Inc/de                                      | PHI Group, Inc.                                                                   | CUSIP: 69360B104<br>LEI: 5493002853B5XXHLIP12 | Long             | EC               | CORP              | US        |      3304 | NS      | $108569.44    | 0.19%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                   | Forward Contracts: GBP 01/05/2026                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-128055.00   | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| Asurion Llc/asurion Co                                | Asurion LLC and Asurion Co.-Issuer, Inc.                                          | CUSIP: 045941AA9<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |    115000 | PA      | $119384.54    | 0.21%             | 2032-12-31      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Roquette Freres Sa                                    | Roquette Freres SA                                                                | CUSIP: YT1890243<br>LEI: 969500FO141C5967KC72 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $240929.81    | 0.42%             | 9999-12-31      | Variable      | 5.49%                 | No            |                  2 | On Loan: No      |
| Cogent Comms Grp / Fin                                | Cogent Communications Group LLC / Cogent Finance, Inc.                            | CUSIP: 19240WAB5<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |    110000 | PA      | $103010.32    | 0.18%             | 2032-07-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Tms International Corp                                | TMS International Corp.                                                           | CUSIP: 87261QAC7<br>LEI: 549300L4K0F1YF8WKF23 | Long             | DBT              | CORP              | US        |    135000 | PA      | $130998.85    | 0.23%             | 2029-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Churchill Downs Inc                                   | Churchill Downs, Inc.                                                             | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55567.82     | 0.10%             | 2030-04-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ExamWorks                                             | Electron BidCo, Inc. TL 1L                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     75670 | PA      | $76151.39     | 0.13%             | 2028-10-07      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Marriott Ownership Resor                              | Marriott Ownership Resorts, Inc.                                                  | CUSIP: 57164PAH9<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |    215000 | PA      | $205575.05    | 0.36%             | 2029-06-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Wesco Distribution Inc                                | WESCO Distribution, Inc.                                                          | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    110000 | PA      | $114995.58    | 0.20%             | 2032-03-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Blue Racer Mid Llc/finan                              | Blue Racer Midstream LLC / Blue Racer Finance Corp.                               | CUSIP: 095796AK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $63712.35     | 0.11%             | 2032-07-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Amc Networks Inc                                      | AMC Networks, Inc.                                                                | CUSIP: 00164VAF0<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |      4000 | PA      | $3558.17      | 0.01%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                   | Forward Contracts: EUR 01/05/2026                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-10132660.00 | -17.53%           |  |  |  | No            |                  2 | On Loan: No      |
| Blue Owl Technology Finance Corp                      | Blue Owl Technology Finance Corp.                                                 | CUSIP: 095924106<br>LEI: 254900G5EZJSOD3UKL16 | Long             | EC               | RF                | US        |     20000 | NS      | $290800.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Cedacri Spa                                           | Cedacri SpA                                                                       | CUSIP: BP4653229<br>LEI: 815600E85FCD78B3EE61 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $118943.73    | 0.21%             | 2028-05-15      | Floating      | 6.69%                 | Yes           |                  2 | On Loan: No      |
| Mativ Holdings Inc                                    | Mativ Holdings, Inc.                                                              | CUSIP: 808541AC0<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |    210000 | PA      | $212367.74    | 0.37%             | 2029-10-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Fiesta Purchaser Inc                                  | Fiesta Purchaser, Inc.                                                            | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $94272.48     | 0.16%             | 2031-03-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Commercial Metals Co                                  | Commercial Metals Co.                                                             | CUSIP: 201723AS2<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |    115000 | PA      | $117657.89    | 0.20%             | 2033-11-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Ascent Resources/aru Fin                              | Ascent Resources Utica Holdings LLC / ARU Finance Corp.                           | CUSIP: 04364VBA0<br>LEI: 549300EGLQ2M2CL7JZ89 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82853.92     | 0.14%             | 2033-07-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Asmodee Group Ab                                      | Asmodee Group AB                                                                  | CUSIP: DC1810647<br>LEI: 636700G5993BBAFDYD02 | Long             | DBT              | CORP              | SE        |    100000 | PA      | $118639.16    | 0.21%             | 2031-12-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Sunrise Finco I Bv                                    | Sunrise FinCo I BV                                                                | CUSIP: N/A<br>LEI: 213800MNFBDEQRS6HZ22       | Long             | DBT              | CORP              | NL        |    215000 | PA      | $255707.23    | 0.44%             | 2032-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Amc Networks Inc                                      | AMC Networks, Inc.                                                                | CUSIP: 00164VAK9<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |     75000 | PA      | $82924.17     | 0.14%             | 2032-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Petsmart Llc/petsmart Fi                              | PetSmart LLC / PetSmart Finance Corp.                                             | CUSIP: 71677KAC2<br>LEI: 894500NGJMHSFNESGA67 | Long             | DBT              | CORP              | US        |    280000 | PA      | $285289.03    | 0.49%             | 2032-09-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Western Midstream Operat                              | Western Midstream Operating LP                                                    | CUSIP: 958254AL8<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    180000 | PA      | $159089.55    | 0.28%             | 2048-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Nufarm Australia/america                              | Nufarm Australia, Ltd. / Nufarm Americas, Inc.                                    | CUSIP: 67052NAB1<br>LEI: 254900Z2JJWSZ7WQM263 | Long             | DBT              | CORP              | AU        |    185000 | PA      | $170369.03    | 0.29%             | 2030-01-27      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Nrg Energy Inc                                        | NRG Energy, Inc.                                                                  | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152065.25    | 0.26%             | 2036-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Usa Com Part/usa Com Fin                              | USA Compression Partners LP / USA Compression Finance Corp.                       | CUSIP: 91740PAH1<br>LEI: 5493000B1PEOKXRZEO65 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86059.95     | 0.15%             | 2033-10-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Motel One Gmbh/muenchen                               | Motel One GmbH/Muenchen                                                           | CUSIP: ZB7231093<br>LEI: 529900OZ5000U0NZHM90 | Long             | DBT              | CORP              | DE        |    126000 | PA      | $158387.12    | 0.27%             | 2031-04-02      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Qvc Inc                                               | QVC, Inc.                                                                         | CUSIP: 747262BA0<br>LEI: 549300WBLU5NKPX5X472 | Long             | DBT              | CORP              | US        |    336000 | PA      | $147142.80    | 0.25%             | 2029-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Direct Lending Fund                    | Morgan Stanley Direct Lending Fund                                                | CUSIP: 61774A103<br>LEI: 549300QEX22T2J8IB029 | Long             | EC               | RF                | US        |     20000 | NS      | $329600.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Ai Aqua Merger Sub Inc                                | AI Aqua Merger Sub, Inc.                                                          | CUSIP: 00132UAP9<br>LEI: 5493005QMH1D47U26R45 | Long             | LON              | CORP              | US        |    129627 | PA      | $130058.23    | 0.22%             | 2028-07-31      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| Ftai Aviation Investors                               | FTAI Aviation Investors LLC                                                       | CUSIP: 34960PAE1<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |     23000 | PA      | $24544.54     | 0.04%             | 2030-12-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Service Properties Trust                              | Service Properties Trust                                                          | CUSIP: 81761LAE2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    330000 | PA      | $325809.94    | 0.56%             | 2032-06-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Mehilainen Yhtiot Oy                                  | Mehilainen Yhtiot Oy                                                              | CUSIP: YN2017690<br>LEI: 2138006X78HGYRHS5865 | Long             | DBT              | CORP              | FI        |    225000 | PA      | $269135.54    | 0.47%             | 2032-06-30      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Csc Holdings Llc                                      | CSC Holdings LLC                                                                  | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    460000 | PA      | $394750.84    | 0.68%             | 2027-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Plaque                                 | Venture Global Plaquemines LNG LLC                                                | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46114.22     | 0.08%             | 2036-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Weekley Homes Llc/ Finan                              | Weekley Homes LLC / Weekley Finance Corp.                                         | CUSIP: 948565AF3<br>LEI: 5493009MTTQO8ZN53F13 | Long             | DBT              | CORP              | US        |    115000 | PA      | $116584.64    | 0.20%             | 2034-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Beach Acquisition Bidco                               | Beach Acquisition Bidco LLC                                                       | CUSIP: 07337JAE7<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    165000 | PA      | $197881.45    | 0.34%             | 2032-07-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Kennedy-wilson Inc                                    | Kennedy-Wilson, Inc.                                                              | CUSIP: 489399AN5<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |    310000 | PA      | $292438.83    | 0.51%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Firstcash Inc                                         | FirstCash, Inc.                                                                   | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9979.82      | 0.02%             | 2028-09-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Wynn Resorts Finance Llc                              | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.                             | CUSIP: 983133AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $70459.16     | 0.12%             | 2029-10-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Park Intermed Holdings                                | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer | CUSIP: 70052LAB9<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70102.13     | 0.12%             | 2028-10-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Ukg Inc                                               | UKG, Inc.                                                                         | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |     95000 | PA      | $97735.34     | 0.17%             | 2031-02-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Cco Hldgs Llc/cap Corp                                | CCO Holdings LLC / CCO Holdings Capital Corp.                                     | CUSIP: 1248EPBR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50107.74     | 0.09%             | 2026-05-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Talen Energy Supply Llc                               | Talen Energy Supply LLC                                                           | CUSIP: 87422VAN8<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |    250000 | PA      | $258678.66    | 0.45%             | 2036-02-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Comstock Resources Inc                                | Comstock Resources, Inc.                                                          | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80232.48     | 0.14%             | 2029-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Nidda Healthcare Holding                              | Nidda Healthcare Holding GmbH                                                     | CUSIP: YU3779722<br>LEI: 549300Q89C4WAO6L0L19 | Long             | DBT              | CORP              | DE        |    140000 | PA      | $169307.67    | 0.29%             | 2030-02-21      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Afflelou Sas                                          | Afflelou SAS                                                                      | CUSIP: YW4157247<br>LEI: 969500I7CS80FNB7CZ43 | Long             | DBT              | CORP              | FR        |    130000 | PA      | $159461.58    | 0.28%             | 2029-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc                                 | American Airlines, Inc.                                                           | CUSIP: 023771T32<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76710.05     | 0.13%             | 2028-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Suburban Propane Partnrs                              | Suburban Propane Partners LP/Suburban Energy Finance Corp.                        | CUSIP: 864486AL9<br>LEI: JJAX4X60DE65EYFOTY73 | Long             | DBT              | CORP              | US        |    205000 | PA      | $197284.27    | 0.34%             | 2031-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Fibercop Spa                                          | Fibercop SpA                                                                      | CUSIP: 683879AD2<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |     90000 | PA      | $85711.00     | 0.15%             | 2034-09-30      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Great Lakes Dredge&dock                               | Great Lakes Dredge & Dock Corp.                                                   | CUSIP: 390607AF6<br>LEI: 549300H65E3MZ1CX0P05 | Long             | DBT              | CORP              | US        |    115000 | PA      | $112697.36    | 0.19%             | 2029-06-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Railworks Holdings Lp/r                               | Railworks Holdings LP / Railworks Rally, Inc.                                     | CUSIP: 75079MAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $100953.00    | 0.17%             | 2028-11-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Vistra Operations Co Llc                              | Vistra Operations Co. LLC                                                         | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    140000 | PA      | $147544.63    | 0.26%             | 2032-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Frontier Communications                               | Frontier Communications Holdings LLC                                              | CUSIP: 35906ABF4<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10026.90     | 0.02%             | 2028-05-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Cable One Inc                                         | Cable One, Inc.                                                                   | CUSIP: 12685JAE5<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |    175000 | PA      | $172812.50    | 0.30%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings Inc                               | Zayo Group Holdings, Inc.                                                         | CUSIP: 98919VAC9<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |    228368 | PA      | $217166.55    | 0.38%             | 2030-03-09      | Variable      | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Cascades Inc/usa Inc                                  | Cascades, Inc./Cascades USA, Inc.                                                 | CUSIP: 14739LAB8<br>LEI: FPD41G4F3GH7OJ38TS94 | Long             | DBT              | CORP              | CA        |    110000 | PA      | $109788.28    | 0.19%             | 2028-01-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Kodiak Gas Services Llc                               | Kodiak Gas Services LLC                                                           | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |     80000 | PA      | $81738.63     | 0.14%             | 2033-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Deuce Finco                                           | Deuce Finco PLC                                                                   | CUSIP: DA2590325<br>LEI: 9845007DA2BC863E8437 | Long             | DBT              | CORP              | GB        |    217000 | PA      | $295929.25    | 0.51%             | 2031-11-20      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Clydesdale Acquisition                                | Clydesdale Acquisition Holdings, Inc.                                             | CUSIP: 18972EAA3<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86778.54     | 0.15%             | 2029-04-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Plaque                                 | Venture Global Plaquemines LNG LLC                                                | CUSIP: 922966AE6<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15283.87     | 0.03%             | 2030-12-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Park Intermed Holdings                                | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer | CUSIP: 70052LAD5<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46352.70     | 0.08%             | 2030-02-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Comstock Resources Inc                                | Comstock Resources, Inc.                                                          | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48668.26     | 0.08%             | 2030-01-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Franklin Bsp Capital Co                               | Franklin BSP Capital Corp.                                                        | CUSIP: 12325JAJ0<br>LEI: 549300KJEVMKATLINB36 | Long             | DBT              | RF                | US        |    650000 | PA      | $647009.95    | 1.12%             | 2026-03-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Jb Poindexter & Co Inc                                | JB Poindexter & Co., Inc.                                                         | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |    135000 | PA      | $141578.02    | 0.24%             | 2031-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Directv Fin Llc/coinc                                 | Directv Financing LLC / Directv Financing Co.-Obligor, Inc.                       | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $80514.40     | 0.14%             | 2027-08-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Hlf Fin Sarl Llc/herbali                              | HLF Financing Sarl LLC / Herbalife International, Inc.                            | CUSIP: 40390DAC9<br>LEI: ST81INWBFR1E54KGC135 | Long             | DBT              | CORP              | US        |    135000 | PA      | $126970.04    | 0.22%             | 2029-06-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                   | Naked Juice, LLC                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      4652 | PA      | $3105.44      | 0.01%             | 2029-01-24      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| Adt Sec Corp                                          | ADT Security Corp.                                                                | CUSIP: 00109LAB9<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    210000 | PA      | $212816.84    | 0.37%             | 2033-10-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Owens-brockway                                        | Owens-Brockway Glass Container, Inc.                                              | CUSIP: 69073TAU7<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |    135000 | PA      | $137973.65    | 0.24%             | 2031-05-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Allied Universal Holdco                               | Allied Universal Holdco LLC                                                       | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    275000 | PA      | $289980.28    | 0.50%             | 2031-02-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Century Communities                                   | Century Communities, Inc.                                                         | CUSIP: 156504AN2<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55654.43     | 0.10%             | 2033-09-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Fibercop Spa                                          | Fibercop SpA                                                                      | CUSIP: 683879AB6<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |     63000 | PA      | $62586.56     | 0.11%             | 2033-11-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Iheartcommunications Inc                              | iHeartCommunications, Inc.                                                        | CUSIP: 45174HBJ5<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |     55000 | PA      | $53015.60     | 0.09%             | 2029-05-01      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| Cd&r Firefly Bidco Ltd                                | CD&R Firefly Bidco PLC                                                            | CUSIP: ZB1483500<br>LEI: 213800OAU5VX61DYZ558 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $141553.52    | 0.24%             | 2029-04-30      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Kepler Spa                                            | Kepler SpA                                                                        | CUSIP: YN6477122<br>LEI: 815600F7845A197E1D68 | Long             | DBT              | CORP              | IT        |    210000 | PA      | $250896.75    | 0.43%             | 2029-12-18      | Floating      | 6.15%                 | Yes           |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** RIVERNORTH FUNDS

**Signature:** Jonathan M. Mohrhardt

**Name of Signer:** Jonathan M. Mohrhardt

**Title:** Treasurer & Chief Financial Officer