# EDGAR Filing Document

**Accession Number:** 0001558107
**File Stem:** 0001049169-25-000915
**Filing Date:** 2025-11
**Character Count:** 165557
**Document Hash:** 67d04a4084d6589523106c05e587bdb8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-25-000915.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0001049169-25-000915

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALPS Series Trust
- **CENTRAL INDEX KEY:** 0001558107

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22747
- **FILM NUMBER:** 251533351

**BUSINESS ADDRESS:**
- **STREET 1:** 1290 BROADWAY, SUITE 1000
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80203
- **BUSINESS PHONE:** 303.623.2577

**MAIL ADDRESS:**
- **STREET 1:** 1290 BROADWAY, SUITE 1000
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80203

## Series and Classes Contracts Data

### Brigade High Income Fund (Series ID: S000079888)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000241324 | Founders Class      | BHIMX           |
| C000241325 | Institutional Class | BHIIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ALPS SERIES TRUST

- **b. Investment Company Act file number:** 811-22747

- **c. CIK number of Registrant:** 0001558107

- **d. LEI of Registrant:** 5493000QN25IZZPUSL66

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

  - **Street Address 1:** 1290 BROADWAY SUITE 1000

  - **City:** DENVER

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80203

  - **Telephone number:** 3036235277

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

- **a. Name of Series:** Brigade High Income Fund

- **b. EDGAR series identifier (if any):** S000079888

- **c. LEI of Series:** 549300M4AWUVZOD7IZ62

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $956583185.07

**Total Liabilities:** $38469711.29

**Net Assets:** $918113473.78

**Cash Not Reported:** $1969108.55

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 101.86922100 | **1-Year:** 1764.48979400 | **5-Year:** 7379.22514700 | **10-Year:** 6925.97517500 | **30-Year:** 1484.72077400

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

- **3-Month:** 2766.82630800 | **1-Year:** 34709.18893900 | **5-Year:** 128544.99102400 | **10-Year:** 21891.63840900 | **30-Year:** 1480.46218900

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241325 | 0.81%                | 0.85%                | 0.72%                |
| Class ID C000241324 | 0.81%                | 0.85%                | 0.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2359050.89             | $2247016.41                                |
| Month 2  | $886963.43               | $13858.57                                  |
| Month 3  | $1640292.72              | $-937275.47                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fortrea Holdings Inc                                       | Fortrea Holdings, Inc.                                                            | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |   2420000 | PA      | $2305050.00   | 0.25%             | 2030-07-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Pitney Bowes Inc                                           | Pitney Bowes, Inc.                                                                | CUSIP: 724479AP5<br>LEI: 549300N2O26NW4ST6W55 | Long             | DBT              | CORP              | US        |    690000 | PA      | $693666.94    | 0.08%             | 2027-03-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Hanesbrands Inc                                            | Hanesbrands, Inc.                                                                 | CUSIP: 410346AY6<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | LON              | CORP              | US        |   1920188 | PA      | $1924987.97   | 0.21%             | 2032-03-08      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Davita Inc                                                 | DaVita, Inc.                                                                      | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    630000 | PA      | $650445.45    | 0.07%             | 2032-09-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Gray Media Inc                                             | Gray Media, Inc.                                                                  | CUSIP: 389375AL0<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    960000 | PA      | $735600.00    | 0.08%             | 2030-10-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Transocean Inc                                             | Transocean International, Ltd.                                                    | CUSIP: 893830AF6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |   1795000 | PA      | $1664862.50   | 0.18%             | 2031-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Cco Hldgs Llc/cap Corp                                     | CCO Holdings LLC / CCO Holdings Capital Corp.                                     | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3215000 | PA      | $3034156.25   | 0.33%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Lumen Technologies Inc                                     | Lumen Technologies, Inc.                                                          | CUSIP: 156700AM8<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |   2075000 | PA      | $1943176.91   | 0.21%             | 2039-09-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| Acadia Healthcare Co Inc                                   | Acadia Healthcare Co., Inc.                                                       | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2596900.00   | 0.28%             | 2033-03-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Occidental Petroleum Cor                                   | Occidental Petroleum Corp.                                                        | CUSIP: 674599EF8<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1998939.65   | 0.22%             | 2031-01-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Century Casinos Inc                                        | Century Casinos, Inc.                                                             | CUSIP: 15649EAF1<br>LEI: 549300H2L4Y24HXY7M50 | Long             | LON              | CORP              | US        |   3019360 | PA      | $2539281.81   | 0.28%             | 2029-04-02      | Floating      | 10.28%                | No            |                  2 | On Loan: No      |
| Hilton Domestic Operatin                                   | Hilton Domestic Operating Co., Inc.                                               | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   4005000 | PA      | $3792471.07   | 0.41%             | 2031-05-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Gray Media Inc                                             | Gray Media, Inc.                                                                  | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   4130000 | PA      | $4222718.50   | 0.46%             | 2032-07-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| Brightstar Lottery Plc                                     | Brightstar Lottery PLC                                                            | CUSIP: 460599AD5<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |    925000 | PA      | $932275.13    | 0.10%             | 2027-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Global Medical Response                                    | Global Medical Response, Inc.                                                     | CUSIP: 37960BAD7<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |   2680000 | PA      | $2758550.80   | 0.30%             | 2032-10-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Ladder Cap Fin Lllp/corp                                   | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp.               | CUSIP: 505742AM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1890000 | PA      | $1873361.76   | 0.20%             | 2027-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Sizzling Platter DD                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    629703 | PA      | $618368.32    | 0.07%             | 2032-06-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Cco Hldgs Llc/cap Corp                                     | CCO Holdings LLC / CCO Holdings Capital Corp.                                     | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1445000 | PA      | $1435289.60   | 0.16%             | 2029-06-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Yum! Brands Inc                                            | Yum! Brands, Inc.                                                                 | CUSIP: 988498AN1<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   1135000 | PA      | $1060135.40   | 0.12%             | 2031-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Ld Holdings Group Llc                                      | LD Holdings Group LLC                                                             | CUSIP: 521088AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1336000 | PA      | $1320607.41   | 0.14%             | 2027-11-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Sizzling Platter DD UNF                                                           | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |   -629703 | PA      | $-629702.97   | -0.07%            | 2032-06-25      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | Vaco Holdings TL B                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2810101 | PA      | $2409661.90   | 0.26%             | 2029-01-22      | Floating      | 9.15%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing Inc                                      | Level 3 Financing, Inc.                                                           | CUSIP: 527298CB7<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    675000 | PA      | $638786.25    | 0.07%             | 2029-06-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Alphia                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2476412 | PA      | $2411678.23   | 0.26%             | 2028-05-02      | Floating      | 9.00%                 | No            |                  2 | On Loan: No      |
| Spectrum Group Buyer Inc                                   | Spectrum Group Buyer, Inc.                                                        | CUSIP: 84762UAB1<br>LEI: 254900D4L3B6RODNRE33 | Long             | LON              | CORP              | US        |   3213459 | PA      | $2845260.52   | 0.31%             | 2028-05-19      | Floating      | 10.81%                | No            |                  2 | On Loan: No      |
| Cpi Cg Inc                                                 | CPI CG, Inc.                                                                      | CUSIP: 12598FAC3<br>LEI: 254900H3R50WH1B1LB48 | Long             | DBT              | CORP              | US        |   1957000 | PA      | $2060231.75   | 0.22%             | 2029-07-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Acrisure Llc                                               | Acrisure LLC                                                                      | CUSIP: 00488PAV7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |   5465137 | PA      | $5449779.65   | 0.59%             | 2030-11-06      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Transocean Inc                                             | Transocean International, Ltd.                                                    | CUSIP: 893830BL2<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    829000 | PA      | $826927.50    | 0.09%             | 2027-02-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Nissan Motor Co                                            | Nissan Motor Co., Ltd.                                                            | CUSIP: 654922AD5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    785000 | PA      | $842026.01    | 0.09%             | 2035-07-17      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Team Health Holdings Inc                                   | Team Health Holdings, Inc.                                                        | CUSIP: 87817AAB3<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | DBT              | CORP              | US        |   3065172 | PA      | $3310385.76   | 0.36%             | 2028-06-30      | Fixed         | 13.50%                | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Aquity Holdings Inc.                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    122254 | NS      | $18662.17     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                        | MOUNTAINEER MERGER CORP (PREF A)                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |   2912688 | NS      | $1520423.14   | 0.17%             |  |  |  | No            |                  3 | On Loan: No      |
| Service Properties Trust                                   | Service Properties Trust                                                          | CUSIP: 44106MBB7<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    485000 | PA      | $427908.23    | 0.05%             | 2029-10-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | Sandisk TL                                                                        | CUSIP: BLSNDTLB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1965000 | PA      | $1966237.95   | 0.21%             | 2031-12-15      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| Wynn Macau Ltd                                             | Wynn Macau, Ltd.                                                                  | CUSIP: 98313RAL0<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |   2355000 | PA      | $2384601.64   | 0.26%             | 2034-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Smyrna Ready Mix Concret                                   | Smyrna Ready Mix Concrete LLC                                                     | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |   2660000 | PA      | $2810183.60   | 0.31%             | 2031-11-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Grp Inc                                     | Cloud Software Group, Inc.                                                        | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    335000 | PA      | $347450.84    | 0.04%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | SS&C Technologies                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1792509 | PA      | $1796488.81   | 0.20%             | 2031-05-09      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Sabre Glbl Inc                                             | Sabre GLBL, Inc.                                                                  | CUSIP: 78571YBK5<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |    867412 | PA      | $815367.53    | 0.09%             | 2029-11-15      | Floating      | 10.26%                | No            |                  2 | On Loan: No      |
| Domtar Corp                                                | Domtar Corp.                                                                      | CUSIP: 25755FAK6<br>LEI: XYSIJOU3HNVROZWNA008 | Long             | LON              | CORP              | US        |    485433 | PA      | $444981.79    | 0.05%             | 2028-11-30      | Floating      | 9.78%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                           | Paramount Global                                                                  | CUSIP: 925524AV2<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2968077.00   | 0.32%             | 2033-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Liberty Interactive Llc                                    | Liberty Interactive LLC                                                           | CUSIP: 530715AJ0<br>LEI: 549300SZUIU7Z32Q0664 | Long             | DBT              | CORP              | US        |    665000 | PA      | $89400.94     | 0.01%             | 2030-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Pilgrim's Pride Corp                                       | Pilgrim's Pride Corp.                                                             | CUSIP: 72147KAL2<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |   2130000 | PA      | $2351344.49   | 0.26%             | 2034-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Vista Management Holding                                   | Vista Management Holding, Inc.                                                    | CUSIP: 92842EAB4<br>LEI: 5299005VABKD28UWHI65 | Long             | LON              | CORP              | US        |   2939758 | PA      | $2955691.04   | 0.32%             | 2031-04-01      | Floating      | 8.04%                 | No            |                  2 | On Loan: No      |
| Radiology Partners Inc                                     | Radiology Partners, Inc.                                                          | CUSIP: 75041VAE4<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |   3635000 | PA      | $3768335.07   | 0.41%             | 2032-07-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Uniti Grp/uniti Hld/csl                                    | Uniti Group LP / Uniti Fiber Holdings, Inc. / CSL Capital LLC                     | CUSIP: 91327AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    935000 | PA      | $847128.70    | 0.09%             | 2030-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Matrix Parent Inc                                          | Matrix Parent, Inc.                                                               | CUSIP: N/A<br>LEI: 2549009K043518TH7A68       | Long             | EC               | CORP              | US        |    108019 | NS      | $1410998.19   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | Applogic PIK EXIT                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2905210 | PA      | $2585636.85   | 0.28%             | 2030-03-04      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | Two Kings Casino TL                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2425000 | PA      | $2476531.25   | 0.27%             | 2031-12-12      | Floating      | 8.91%                 | No            |                  2 | On Loan: No      |
| Freedom Mortgage Corp                                      | Freedom Mortgage Corp.                                                            | CUSIP: 35640YAJ6<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |   2310000 | PA      | $2311409.10   | 0.25%             | 2027-01-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Akumin Inc                                                 | Akumin, Inc.                                                                      | CUSIP: 01021XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    305000 | PA      | $274439.00    | 0.03%             | 2028-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Transocean Inc                                             | Transocean International, Ltd.                                                    | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |   1856250 | PA      | $1953703.13   | 0.21%             | 2030-02-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Forward Contracts: GBP 12/18/2025                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-2207185.00  | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| Syniverse Holdings Inc                                     | Syniverse Holdings LLC                                                            | CUSIP: 87168TAB7<br>LEI: 549300CYZBHMZC8VLL59 | Long             | LON              | CORP              | US        |   5450684 | PA      | $5284601.94   | 0.58%             | 2027-05-13      | Floating      | 11.00%                | No            |                  2 | On Loan: No      |
| N/A                                                        | RealTruck Group, Inc.                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3752534 | PA      | $3390077.01   | 0.37%             | 2028-01-31      | Floating      | 8.03%                 | No            |                  2 | On Loan: No      |
| Asurion Llc                                                | Asurion                                                                           | CUSIP: 04649VBD1<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   5560363 | PA      | $5536898.12   | 0.60%             | 2030-09-12      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| Ncl Corporation Ltd                                        | NCL Corp., Ltd.                                                                   | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   2605000 | PA      | $2679893.75   | 0.29%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Cco Hldgs Llc/cap Corp                                     | CCO Holdings LLC / CCO Holdings Capital Corp.                                     | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6195000 | PA      | $5708707.99   | 0.62%             | 2031-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Grp Inc                                     | Cloud Software Group, Inc.                                                        | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1690000 | PA      | $1793512.50   | 0.20%             | 2032-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Hubbard Radio Llc                                          | Hubbard Radio LLC                                                                 | CUSIP: 44344HAK1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2830152 | PA      | $1535357.53   | 0.17%             | 2027-09-30      | Floating      | 8.66%                 | No            |                  2 | On Loan: No      |
| Lbm Acquisition Llc                                        | LBM Acquisition LLC                                                               | CUSIP: 52109SAB5<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |   1465000 | PA      | $1538022.93   | 0.17%             | 2031-06-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Sabre Glbl Inc                                             | Sabre GLBL, Inc.                                                                  | CUSIP: 78571YBH2<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |     49887 | PA      | $46353.89     | 0.01%             | 2028-06-30      | Floating      | 8.51%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | Crown Finance US Inc                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2482525 | PA      | $2475400.15   | 0.27%             | 2031-12-02      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| Maya Sas/france                                            | Maya SAS/Paris France                                                             | CUSIP: 449691AF1<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |   2500000 | PA      | $2677968.25   | 0.29%             | 2031-04-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Sabre Glbl Inc                                             | Sabre GLBL, Inc.                                                                  | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1160887.56   | 0.13%             | 2029-11-15      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| Level 3 Financing Inc                                      | Level 3 Financing, Inc.                                                           | CUSIP: 527298CD3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    590000 | PA      | $540475.46    | 0.06%             | 2030-04-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Medline Borrower Lp                                        | Medline Borrower LP                                                               | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2069375.00   | 0.23%             | 2029-04-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Barclays Plc                                               | Barclays PLC                                                                      | CUSIP: 06738ECN3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   3380000 | PA      | $3835191.70   | 0.42%             | 2049-12-31      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Charles River Laboratori                                   | Charles River Laboratories International, Inc.                                    | CUSIP: 159864AG2<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1516104.00   | 0.17%             | 2029-03-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Cmg Media Corporation                                      | CMG Media Corp.                                                                   | CUSIP: 125773AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4130000 | PA      | $3780189.00   | 0.41%             | 2029-06-18      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Napa Management Services                                   | NAPA Management Services Corp.                                                    | CUSIP: 63035HAC3<br>LEI: 549300C5SN85QZ48R870 | Long             | LON              | CORP              | US        |   3137177 | PA      | $2077062.21   | 0.23%             | 2029-02-23      | Floating      | 9.51%                 | No            |                  2 | On Loan: No      |
| Amc Entertainment Hldgs                                    | AMC Entertainment Holdings, Inc.                                                  | CUSIP: 00164CAD7<br>LEI: 549300ZO77UNR6NRBR11 | Long             | LON              | CORP              | US        |   2837888 | PA      | $2843222.73   | 0.31%             | 2029-01-04      | Floating      | 11.13%                | No            |                  2 | On Loan: No      |
| Warnermedia Holdings Inc                                   | Warnermedia Holdings, Inc.                                                        | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    925000 | PA      | $848551.06    | 0.09%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Service Properties Trust                                   | Service Properties Trust                                                          | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   1490000 | PA      | $1581873.40   | 0.17%             | 2031-11-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Medline Borrower Lp                                        | Medline Borrower LP                                                               | CUSIP: 58503UAH6<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |   1151860 | PA      | $1151146.33   | 0.13%             | 2028-10-23      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Lumen Technologies Inc                                     | Lumen Technologies, Inc.                                                          | CUSIP: 550241AB9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    423184 | PA      | $415797.15    | 0.05%             | 2029-04-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | BCP V Everise Acquisition LLC                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2475156 | PA      | $2017252.34   | 0.22%             | 2029-12-20      | Floating      | 10.00%                | No            |                  2 | On Loan: No      |
| Midcap Financial                                           | Midcap Financial Issuer Trust                                                     | CUSIP: 59590AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2235000 | PA      | $2106036.25   | 0.23%             | 2030-01-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | MODIVCARE                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2810801 | PA      | $1264860.50   | 0.14%             | 2031-06-20      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| Avaya Inc.                                                 | Avaya Inc.                                                                        | CUSIP: N/A<br>LEI: J6LB5QIFSP2MFEFG4U76       | Long             | LON              | CORP              | US        |   8172857 | PA      | $7148307.71   | 0.78%             | 2028-08-01      | Floating      | 11.66%                | No            |                  2 | On Loan: No      |
| Freedom Mortgage Corp                                      | Freedom Mortgage Corp.                                                            | CUSIP: 35640YAK3<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |   1620000 | PA      | $1718282.48   | 0.19%             | 2028-10-01      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| Perrigo Finance Unlimite                                   | Perrigo Finance Unlimited Co.                                                     | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |   2400000 | PA      | $2416440.00   | 0.26%             | 2032-09-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | ECL Entertainment LLC                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3024104 | PA      | $3018811.32   | 0.33%             | 2032-08-01      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | PetSmart                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2630033 | PA      | $2617304.09   | 0.29%             | 2028-02-14      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| Alterra Mountain Company                                   | Alterra Mountain                                                                  | CUSIP: 46124CAQ0<br>LEI: 549300C5O4FSVNUEI843 | Long             | LON              | CORP              | US        |   1661830 | PA      | $1661132.08   | 0.18%             | 2028-05-02      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| Onemain Finance Corp                                       | OneMain Finance Corp.                                                             | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1855000 | PA      | $1922429.25   | 0.21%             | 2031-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Rain Carbon Inc                                            | Rain Carbon, Inc.                                                                 | CUSIP: 75079LAB7<br>LEI: 25490038N6JQH7QXUK52 | Long             | DBT              | CORP              | US        |   6820000 | PA      | $7305352.12   | 0.80%             | 2029-09-01      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| PrimeSource                                                | PrimeSource TL B S+450 9/25/31                                                    | CUSIP: 70082HAE6<br>LEI: 254900PGY077KWCROT75 | Long             | LON              | CORP              | US        |   3780000 | PA      | $3779055.00   | 0.41%             | 2031-09-25      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco                                    | Allied Universal Holdco LLC                                                       | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |   2690000 | PA      | $2821137.50   | 0.31%             | 2031-02-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Peninsula Pacific Entertainment LLC                        | Peninsula Pacific Entertainment DD DD S+475 8/16/3                                | CUSIP: 70715SAD9<br>LEI: 549300LWV74H4IE3FG45 | Long             | LON              | CORP              | US        |    341772 | PA      | $340917.71    | 0.04%             | 2030-08-16      | Floating      | 9.12%                 | No            |                  2 | On Loan: No      |
| J&j Ventures Gaming Llc                                    | J&J Ventures Gaming LLC                                                           | CUSIP: 46604BAH1<br>LEI: 549300BYPH8FLKS5ZS70 | Long             | LON              | CORP              | US        |   1707782 | PA      | $1688569.79   | 0.18%             | 2030-04-26      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| 1011778 Bc / New Red Fin                                   | 1011778 BC ULC / New Red Finance, Inc.                                            | CUSIP: 68245XAH2<br>LEI: 549300RHSHNRWI5LLA86 | Long             | DBT              | CORP              | CA        |   2500000 | PA      | $2439924.50   | 0.27%             | 2028-01-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Nutrisystem TL                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5824374 | PA      | $5205534.24   | 0.57%             | 2030-10-19      | Floating      | 10.53%                | No            |                  2 | On Loan: No      |
| N/A                                                        | Forward Contracts: EUR 12/18/2025                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-5511157.00  | -0.60%            |  |  |  | No            |                  2 | On Loan: No      |
| Ciena Corp                                                 | Ciena Corp.                                                                       | CUSIP: 171779AL5<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | DBT              | CORP              | US        |   3050000 | PA      | $2912750.00   | 0.32%             | 2030-01-31      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Dig Intl Fin/difl Us Llc                                   | Digicel International Finance, Ltd. / Difl US LLC                                 | CUSIP: 25381MAA5<br>LEI: 5493007V023VOEW4FK27 | Long             | DBT              | CORP              | BM        |   1595000 | PA      | $1640377.75   | 0.18%             | 2032-08-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Jacobs Entertainment Inc                                   | Jacobs Entertainment, Inc.                                                        | CUSIP: 469815AK0<br>LEI: 5493004U9JIWY3HSUO63 | Long             | DBT              | CORP              | US        |   3970000 | PA      | $3866787.94   | 0.42%             | 2029-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corp                                              | Carnival Corp.                                                                    | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   3000000 | PA      | $3042450.00   | 0.33%             | 2029-05-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Tronox Inc                                                 | Tronox, Inc.                                                                      | CUSIP: 897051AC2<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |   7485000 | PA      | $4859383.26   | 0.53%             | 2029-03-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| S&s Holdings Llc                                           | S&S Holdings LLC                                                                  | CUSIP: 78524HAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1739614 | PA      | $1731228.83   | 0.19%             | 2028-03-11      | Floating      | 9.27%                 | No            |                  2 | On Loan: No      |
| Team Health Holdings Inc                                   | Team Health Holdings, Inc.                                                        | CUSIP: 87817AAE7<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | DBT              | CORP              | US        |   3805000 | PA      | $3876640.92   | 0.42%             | 2028-06-30      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| New Fortress Energy Inc                                    | New Fortress Energy, Inc.                                                         | CUSIP: 644393AB6<br>LEI: 254900EICTYTCHA5X705 | Long             | DBT              | CORP              | US        |   2215000 | PA      | $549489.00    | 0.06%             | 2026-09-30      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Civitas Resources Inc                                      | Civitas Resources, Inc.                                                           | CUSIP: 17888HAC7<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   2890000 | PA      | $2989213.70   | 0.33%             | 2030-11-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Route 66 Development Aut                                   | Harrah's Oklahoma TL                                                              | CUSIP: 77929HAB4<br>LEI: 2549001S3OC1V69A1Q52 | Long             | LON              | CORP              | US        |   2403094 | PA      | $2391078.47   | 0.26%             | 2030-10-10      | Floating      | 13.16%                | No            |                  2 | On Loan: No      |
| Opal Us Llc                                                | Opal US LLC                                                                       | CUSIP: F7000QAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3990000 | PA      | $3997980.00   | 0.44%             | 2032-04-23      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| Finance Of America Fundi                                   | Finance of America Funding LLC                                                    | CUSIP: 317386AD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1452000 | PA      | $1705664.40   | 0.19%             | 2029-11-30      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Vistra Operations Co Llc                                   | Vistra Operations Co. LLC                                                         | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    725000 | PA      | $725273.83    | 0.08%             | 2027-02-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Genesis Energy Lp/fin                                      | Genesis Energy LP / Genesis Energy Finance Corp.                                  | CUSIP: 37185LAR3<br>LEI: 549300VJ5D6MDK138782 | Long             | DBT              | CORP              | US        |   6850000 | PA      | $7171607.50   | 0.78%             | 2033-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Vistra Corp                                                | Vistra Corp.                                                                      | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |   3400000 | PA      | $3453012.80   | 0.38%             | 2049-12-31      | Variable      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Under Armour Inc                                           | Under Armour, Inc.                                                                | CUSIP: 904311AD9<br>LEI: 549300D4549QKWETZ406 | Long             | DBT              | CORP              | US        |   2605000 | PA      | $2611512.50   | 0.28%             | 2030-07-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Radiology Partners Inc                                     | Radiology Partners, Inc.                                                          | CUSIP: 75041VAC8<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |   4772992 | PA      | $4681838.83   | 0.51%             | 2030-02-15      | Fixed         | 9.78%                 | Yes           |                  2 | On Loan: No      |
| Oid-ol Intermediate                                        | OID-OL Intermediate I LLC                                                         | CUSIP: 67089SAD3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2289253 | PA      | $1912006.68   | 0.21%             | 2029-02-01      | Floating      | 8.71%                 | No            |                  2 | On Loan: No      |
| Team Health Holdings Inc                                   | Team Health Holdings, Inc.                                                        | CUSIP: 87817JAH1<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | LON              | CORP              | US        |   6050000 | PA      | $6033604.50   | 0.66%             | 2028-06-30      | Floating      | 8.80%                 | No            |                  2 | On Loan: No      |
| Academy Ltd                                                | Academy, Ltd.                                                                     | CUSIP: 00401YAA8<br>LEI: 549300BN53IR80C35Z14 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1749612.90   | 0.19%             | 2027-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Charles River Laboratori                                   | Charles River Laboratories International, Inc.                                    | CUSIP: 159864AJ6<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    615000 | PA      | $572737.20    | 0.06%             | 2031-03-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Ld Holdings Group Llc                                      | LD Holdings Group LLC                                                             | CUSIP: 521088AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2815000 | PA      | $2596837.50   | 0.28%             | 2028-04-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Oneok Inc                                                  | ONEOK, Inc.                                                                       | CUSIP: 682680CW1<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   1015000 | PA      | $963457.29    | 0.10%             | 2044-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Wynn Resorts Finance Llc                                   | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.                             | CUSIP: 983133AD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1360000 | PA      | $1380848.80   | 0.15%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Swissport Stratosphere U                                   | Swissport Stratosphere Usa LLC                                                    | CUSIP: L7781HAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1686263 | PA      | $1692586.39   | 0.18%             | 2031-04-25      | Floating      | 7.56%                 | No            |                  2 | On Loan: No      |
| Navient Corp                                               | Navient Corp.                                                                     | CUSIP: 78442FAZ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   2110000 | PA      | $1921181.38   | 0.21%             | 2033-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Embecta Corp                                               | Embecta Corp.                                                                     | CUSIP: 29082KAB1<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | DBT              | CORP              | US        |   4145000 | PA      | $4059820.25   | 0.44%             | 2030-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Tenet Healthcare Corp                                      | Tenet Healthcare Corp.                                                            | CUSIP: 88033GDH0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   4770000 | PA      | $4720113.91   | 0.51%             | 2028-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Genesis Energy Lp/fin                                      | Genesis Energy LP / Genesis Energy Finance Corp.                                  | CUSIP: 37185LAN2<br>LEI: 549300VJ5D6MDK138782 | Long             | DBT              | CORP              | US        |    530000 | PA      | $560798.30    | 0.06%             | 2030-04-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Venture Global Calcasieu                                   | Venture Global Calcasieu Pass LLC                                                 | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |   3635000 | PA      | $3431962.35   | 0.37%             | 2031-08-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Resorts World/rwlv Cap                                     | Resorts World Las Vegas LLC / RWLV Capital, Inc.                                  | CUSIP: 76120HAA5<br>LEI: 254900LHVH9D3APT8R82 | Long             | DBT              | CORP              | US        |    280000 | PA      | $253955.24    | 0.03%             | 2029-04-16      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Shelf Drill Hold Ltd                                       | Shelf Drilling Holdings, Ltd.                                                     | CUSIP: 822538AH7<br>LEI: 54930078ZJ3XP4MRYB68 | Long             | DBT              | CORP              | KY        |   1206000 | PA      | $1263360.38   | 0.14%             | 2029-04-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| Lrs Holdings Llc                                           | LRS Holdings LLC                                                                  | CUSIP: 50205HAC4<br>LEI: 2549000MQSLNQZB32779 | Long             | LON              | CORP              | US        |   2940672 | PA      | $2881858.25   | 0.31%             | 2028-08-31      | Floating      | 8.53%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo Spa                                        | Intesa Sanpaolo SpA                                                               | CUSIP: 46115HBS5<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |   4250000 | PA      | $3603203.13   | 0.39%             | 2042-06-01      | Variable      | 4.95%                 | Yes           |                  2 | On Loan: No      |
| Csc Holdings Llc                                           | CSC Holdings LLC                                                                  | CUSIP: 126307AY3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    915000 | PA      | $661778.60    | 0.07%             | 2028-04-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | BL_CORAL-US_TL1_B7                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1500000 | PA      | $1483965.00   | 0.16%             | 2032-01-30      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| Uniti Group/csl Capital                                    | Uniti Group LP / Uniti Group Finance 2019, Inc. / CSL Capital LLC                 | CUSIP: 91327TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1247000 | PA      | $1315605.82   | 0.14%             | 2028-02-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| C&w Senior Finance Ltd                                     | C&W Senior Finance, Ltd.                                                          | CUSIP: 12665MAA0<br>LEI: 213800CG16G1YMJRCG10 | Long             | DBT              | CORP              | KY        |   2005000 | PA      | $2089611.00   | 0.23%             | 2033-01-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Zayo Group Holdings Inc                                    | Zayo Group Holdings, Inc.                                                         | CUSIP: 98919VAD7<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |   2260686 | PA      | $2136348.27   | 0.23%             | 2030-09-09      | Variable      | 13.75%                | Yes           |                  2 | On Loan: No      |
| Ladder Cap Fin Lllp/corp                                   | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp.               | CUSIP: 505742AP1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1354359.60   | 0.15%             | 2029-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Forward Contracts: CAD 12/18/2025                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-825776.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Level 3 Financing Inc                                      | Level 3 Financing, Inc.                                                           | CUSIP: 527298CF8<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   2280000 | PA      | $2000422.98   | 0.22%             | 2030-10-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Alterra Mountain TL B S+275 5/31/30                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    665000 | PA      | $665418.95    | 0.07%             | 2030-05-31      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| Mad Engine Global Llc                                      | Mad Engine Global LLC                                                             | CUSIP: 55616UAB9<br>LEI: 254900ARFE8UATLZC010 | Long             | LON              | CORP              | US        |   2238141 | PA      | $1913610.20   | 0.21%             | 2027-07-15      | Floating      | 11.26%                | No            |                  2 | On Loan: No      |
| Genworth Holdings Inc                                      | Genworth Holdings, Inc.                                                           | CUSIP: 37247DAG1<br>LEI: PXDECZED7L8SRUP41R09 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1715742.00   | 0.19%             | 2036-11-15      | Variable      | 6.48%                 | No            |                  2 | On Loan: No      |
| Transdigm Inc                                              | TransDigm, Inc.                                                                   | CUSIP: 893647BT3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   6185000 | PA      | $6449718.00   | 0.70%             | 2031-12-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Cleveland-cliffs Inc                                       | Cleveland-Cliffs, Inc.                                                            | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   3490000 | PA      | $3530802.64   | 0.38%             | 2032-03-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Vmed O2 Uk Finan                                           | Vmed O2 UK Financing I PLC                                                        | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   2565000 | PA      | $2378011.50   | 0.26%             | 2031-01-31      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Molina Healthcare Inc                                      | Molina Healthcare, Inc.                                                           | CUSIP: 60855RAK6<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |   3610000 | PA      | $3339250.00   | 0.36%             | 2030-11-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Rivers Enterprise                                          | Rivers Enterprise Borrower LLC / Rivers Enterprise Finance Corp.                  | CUSIP: 76883NAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2285000 | PA      | $2324519.08   | 0.25%             | 2033-02-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Gray Media Inc                                             | Gray Media, Inc.                                                                  | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   3135000 | PA      | $2355168.75   | 0.26%             | 2031-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Radiology Partners Inc                                     | Radiology Partners, Inc.                                                          | CUSIP: 75041EAN2<br>LEI: 549300SFTAG2177WUZ08 | Long             | LON              | CORP              | US        |   4533846 | PA      | $4518748.77   | 0.49%             | 2032-06-30      | Floating      | 8.50%                 | No            |                  2 | On Loan: No      |
| Sunoco Lp                                                  | Sunoco LP                                                                         | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    185000 | PA      | $183396.05    | 0.02%             | 2034-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Naked Juice TL                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7544298 | PA      | $5671727.97   | 0.62%             | 2029-01-24      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | Cision Second Out B-1                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1558512 | PA      | $696327.45    | 0.08%             | 2030-05-31      | Floating      | 8.97%                 | No            |                  2 | On Loan: No      |
| Spanish Broadcasting Sys                                   | Spanish Broadcasting System, Inc.                                                 | CUSIP: 846425AQ9<br>LEI: 5493005DKYB1X4C9LH64 | Long             | DBT              | CORP              | US        |   4390000 | PA      | $2897400.00   | 0.32%             | 2026-03-01      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Flynn Canada Ltd., TL                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | CA        |   3361842 | PA      | $3328223.66   | 0.36%             | 2028-07-31      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| Studio City Finance Ltd                                    | Studio City Finance, Ltd.                                                         | CUSIP: 86389QAG7<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |   3530000 | PA      | $3401422.57   | 0.37%             | 2029-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Onemain Finance Corp                                       | OneMain Finance Corp.                                                             | CUSIP: 85172FAR0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1615000 | PA      | $1596831.25   | 0.17%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Fortress Energy Inc                                    | New Fortress Energy, Inc.                                                         | CUSIP: 644393AC4<br>LEI: 254900EICTYTCHA5X705 | Long             | DBT              | CORP              | US        |   1875000 | PA      | $296975.63    | 0.03%             | 2029-03-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Liberty Interactive Llc                                    | Liberty Interactive LLC                                                           | CUSIP: 530715AL5<br>LEI: 549300SZUIU7Z32Q0664 | Long             | DBT              | CORP              | US        |    840000 | PA      | $67200.00     | 0.01%             | 2030-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Coherent Corp                                              | Coherent Corp.                                                                    | CUSIP: 902104AC2<br>LEI: 549300O5C25A0MMHHU33 | Long             | DBT              | CORP              | US        |   3045000 | PA      | $2997041.25   | 0.33%             | 2029-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Spencer Spirit                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4153050 | PA      | $4139220.34   | 0.45%             | 2031-06-25      | Floating      | 8.97%                 | No            |                  2 | On Loan: No      |
| Mcgraw-hill Education                                      | McGraw-Hill Education, Inc.                                                       | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    800000 | PA      | $831104.00    | 0.09%             | 2031-09-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Naked Juice TL                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1503885 | PA      | $1511404.00   | 0.16%             | 2029-01-24      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| Post Holdings Inc                                          | Post Holdings, Inc.                                                               | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   1855000 | PA      | $1907292.45   | 0.21%             | 2032-02-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Wynn Macau Ltd                                             | Wynn Macau, Ltd.                                                                  | CUSIP: 98313RAE6<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    800000 | PA      | $784651.92    | 0.09%             | 2029-12-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Charter Comm Opt Llc/cap                                   | Charter Communications Operating LLC / Charter Communications Operating Capital   | CUSIP: 161175CR3<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   1560000 | PA      | $1663973.69   | 0.18%             | 2034-06-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | Nutrisystem TL                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4064527 | PA      | $4036604.11   | 0.44%             | 2030-04-19      | Floating      | 9.28%                 | No            |                  2 | On Loan: No      |
| Armor Holdco Inc                                           | Equiniti/AST TL B                                                                 | CUSIP: 04225VAH5<br>LEI: 254900X6HLK0YPTHHF09 | Long             | LON              | CORP              | US        |   2320826 | PA      | $2318505.65   | 0.25%             | 2028-12-11      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| Liberty Interactive Llc                                    | Liberty Interactive LLC                                                           | CUSIP: 530715AD3<br>LEI: 549300SZUIU7Z32Q0664 | Long             | DBT              | CORP              | US        |   4220000 | PA      | $666109.28    | 0.07%             | 2029-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs                                              | Markit NA High Yield Index, Series 44                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |         1 | NC      | $-2456550.00  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | Alpha Media First Out S+550 8/31/29                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | FR        |   4080000 | PA      | $4080000.00   | 0.44%             | 2029-08-31      | Floating      | 9.67%                 | No            |                  3 | On Loan: No      |
| New Albertsons Lp                                          | New Albertsons LP                                                                 | CUSIP: 013104AF1<br>LEI: 549300NTX8OHLI2I0Q54 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4286000.00   | 0.47%             | 2029-08-01      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| 1011778 Bc / New Red Fin                                   | 1011778 BC ULC / New Red Finance, Inc.                                            | CUSIP: 68245XAJ8<br>LEI: 549300RHSHNRWI5LLA86 | Long             | DBT              | CORP              | CA        |   1500000 | PA      | $1473750.00   | 0.16%             | 2028-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Resorts World/rwlv Cap                                     | Resorts World Las Vegas LLC / RWLV Capital, Inc.                                  | CUSIP: 76120HAC1<br>LEI: 254900LHVH9D3APT8R82 | Long             | DBT              | CORP              | US        |   2665000 | PA      | $2272245.63   | 0.25%             | 2031-04-06      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Liberty Interactive Llc                                    | Liberty Interactive LLC                                                           | CUSIP: 530715AG6<br>LEI: 549300SZUIU7Z32Q0664 | Long             | DBT              | CORP              | US        |    270000 | PA      | $22950.00     | 0.00%             | 2029-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Acproducts Holdings Inc                                    | ACProducts Holdings, Inc.                                                         | CUSIP: 00488YAB2<br>LEI: 254900KTNXVUUHWHBF39 | Long             | LON              | CORP              | US        |   2557374 | PA      | $2129014.23   | 0.23%             | 2028-05-17      | Floating      | 8.51%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | Mavenir Jr Debt FIXED 1200 7/29/30                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2420093 | PA      | $2420093.48   | 0.26%             | 2030-07-29      | Floating      | 16.36%                | No            |                  3 | On Loan: No      |
| Caesars Entertain Inc                                      | Caesars Entertainment, Inc.                                                       | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   2455000 | PA      | $2525581.25   | 0.28%             | 2030-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Greenfire Resources Ltd                                    | Greenfire Resources, Ltd.                                                         | CUSIP: 39525UAA5<br>LEI: 254900MTS0G2VGMJW059 | Long             | DBT              | CORP              | CA        |   2936000 | PA      | $3110655.30   | 0.34%             | 2028-10-01      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| AMC Entertainment Holdings, Inc.                           | AMC Entertainment Holdings, Inc.                                                  | CUSIP: 00165CBA1<br>LEI: 549300ZO77UNR6NRBR11 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1456900.00   | 0.16%             | 2029-02-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Altice France Sa                                           | Altice France SA                                                                  | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   1435000 | PA      | $1235101.63   | 0.13%             | 2029-10-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | ModivCare DIP DD S+700 2/18/26                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    217727 | PA      | $211194.81    | 0.02%             | 2026-02-22      | Floating      | 11.13%                | No            |                  2 | On Loan: No      |
| Cable One Inc                                              | Cable One, Inc.                                                                   | CUSIP: 12685JAC9<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |   4425000 | PA      | $3741625.13   | 0.41%             | 2030-11-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Xplore Inc/nb                                              | Xplore TL                                                                         | CUSIP: C9875EAB5<br>LEI: 254900V3NB5MGOZS4O08 | Long             | LON              | CORP              | CA        |    385685 | PA      | $362544.14    | 0.04%             | 2029-10-24      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | Applogic                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    212291 | NS      | $636873.00    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | Gategroup TL B                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2280579 | PA      | $2297683.69   | 0.25%             | 2032-05-28      | Floating      | 8.56%                 | No            |                  2 | On Loan: No      |
| Venture Global Calcasieu                                   | Venture Global Calcasieu Pass LLC                                                 | CUSIP: 92328MAC7<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |   1490000 | PA      | $1340868.73   | 0.15%             | 2033-11-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Pmhc Ii Inc                                                | Vibrantz Technologies, Inc.                                                       | CUSIP: 69346EAG2<br>LEI: 549300GYZ1T3S8OPH343 | Long             | LON              | CORP              | US        |   2956304 | PA      | $2381686.97   | 0.26%             | 2029-04-23      | Floating      | 8.73%                 | No            |                  2 | On Loan: No      |
| Petco Health & Wellness                                    | Petco Health & Wellness                                                           | CUSIP: 71601HAB2<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |   1625290 | PA      | $1581536.82   | 0.17%             | 2028-03-06      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| Mineral Resources Ltd                                      | Mineral Resources, Ltd.                                                           | CUSIP: 603051AD5<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   3400000 | PA      | $3536272.00   | 0.39%             | 2030-05-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Pitney Bowes Inc                                           | Pitney Bowes, Inc.                                                                | CUSIP: 724479AQ3<br>LEI: 549300N2O26NW4ST6W55 | Long             | DBT              | CORP              | US        |   1660000 | PA      | $1684564.18   | 0.18%             | 2029-03-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Ziprecruiter Inc                                           | ZipRecruiter, Inc.                                                                | CUSIP: 98980BAA1<br>LEI: 549300HLOVNNFCY2IV80 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $2818725.00   | 0.31%             | 2030-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Bath & Body Works Inc                                      | Bath & Body Works, Inc.                                                           | CUSIP: 501797AW4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   2890000 | PA      | $2956961.30   | 0.32%             | 2030-10-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | WHP TL B                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2200000 | PA      | $2199648.00   | 0.24%             | 2032-02-12      | Floating      | 8.95%                 | No            |                  2 | On Loan: No      |
| Cleveland-cliffs Inc                                       | Cleveland-Cliffs, Inc.                                                            | CUSIP: 18589GAA3<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   2060000 | PA      | $2121780.22   | 0.23%             | 2034-01-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Stonemor Inc                                               | StoneMor, Inc.                                                                    | CUSIP: 86184WAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3430000 | PA      | $3362815.90   | 0.37%             | 2029-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Beasley Mez Hldgs Llc                                      | Beasley Mezzanine Holdings LLC                                                    | CUSIP: 07403VAB5<br>LEI: 549300VK8LJV1TK18D38 | Long             | DBT              | CORP              | US        |   3236000 | PA      | $1257995.00   | 0.14%             | 2028-08-01      | Fixed         | 9.20%                 | Yes           |                  2 | On Loan: No      |
| Chs/community Health Sys                                   | CHS/Community Health Systems, Inc.                                                | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   3925000 | PA      | $3551104.50   | 0.39%             | 2030-05-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Peninsula Pacific Entertainment LLC                        | Peninsula Pacific Entertainment DD S475 8/16/3 UNF                                | CUSIP: N/A<br>LEI: 549300LWV74H4IE3FG45       | Short            | LON              | CORP              | US        |   -341772 | PA      | $-341772.14   | -0.04%            | 2032-08-13      | Floating      | 9.12%                 | No            |                  2 | On Loan: No      |
| Walker & Dunlop Inc                                        | Walker & Dunlop, Inc.                                                             | CUSIP: 93148PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1975000 | PA      | $2032695.68   | 0.22%             | 2033-04-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Altice Financing Sa                                        | Altice Financing SA                                                               | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |   2730000 | PA      | $2053869.91   | 0.22%             | 2029-08-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Colosseum Dental Finance BV                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | NL        |   1960565 | PA      | $2304271.18   | 0.25%             | 2032-02-25      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Nissan Motor Co                                            | Nissan Motor Co., Ltd.                                                            | CUSIP: 654922AC7<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    475000 | PA      | $501570.31    | 0.05%             | 2032-07-17      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Uniti Group TL B S+400 9/24/32                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4340000 | PA      | $4296600.00   | 0.47%             | 2032-09-24      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| Dish Dbs Corp                                              | Dish DBS Corp.                                                                    | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $446327.24    | 0.05%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Stubhub Holdco Sub Llc                                     | StubHub Holdco Sub LLC                                                            | CUSIP: 74530DAH8<br>LEI: 549300NL9JUFIOARLW93 | Long             | LON              | CORP              | US        |   2365467 | PA      | $2340818.90   | 0.25%             | 2030-03-12      | Floating      | 8.91%                 | No            |                  2 | On Loan: No      |
| Diversified Healthcare T                                   | Diversified Healthcare Trust                                                      | CUSIP: 81721MAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    655000 | PA      | $622846.05    | 0.07%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Edison International                                       | Edison International                                                              | CUSIP: 281020AS6<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   2460000 | PA      | $2392587.14   | 0.26%             | 2049-12-31      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| Rockies Express Pipeline                                   | Rockies Express Pipeline LLC                                                      | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2088120.00   | 0.23%             | 2033-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Standard Building Soluti                                   | Standard Building Solutions, Inc.                                                 | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   2735000 | PA      | $2806793.75   | 0.31%             | 2032-08-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Empire Resorts Inc                                         | Empire Resorts, Inc.                                                              | CUSIP: 292052AF4<br>LEI: 549300WBFN23L9HI5N68 | Long             | DBT              | CORP              | US        |   2665000 | PA      | $2659794.99   | 0.29%             | 2026-11-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Coreweave Inc                                              | CoreWeave, Inc.                                                                   | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |   2465000 | PA      | $2548570.90   | 0.28%             | 2030-06-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Deluxe Corp                                                | Deluxe Corp.                                                                      | CUSIP: 248019AW1<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |   3170000 | PA      | $3311526.87   | 0.36%             | 2029-09-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Miter Brand / Miwd Borr                                    | Miter Brands Acquisition Holdco, Inc. / MIWD Borrower LLC                         | CUSIP: 60672JAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2170000 | PA      | $2228880.56   | 0.24%             | 2032-04-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | US LBM TL                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2304399 | PA      | $2244945.22   | 0.24%             | 2031-06-06      | Floating      | 7.99%                 | No            |                  2 | On Loan: No      |
| Sirius Xm Radio Llc                                        | Sirius XM Radio LLC                                                               | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   4217000 | PA      | $3821656.25   | 0.42%             | 2031-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Antero Midstream Part/fi                                   | Antero Midstream Partners LP / Antero Midstream Finance Corp.                     | CUSIP: 03690AAH9<br>LEI: 529900HFO1BDEIT4QU11 | Long             | DBT              | CORP              | US        |   2060000 | PA      | $2052640.03   | 0.22%             | 2029-06-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| State Street Institutional Us Government Money Market Fund | State Street Institutional US Government Money Market Fund                        | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |  82256318 | NS      | $82256318.17  | 8.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Raven Acquisition Holdin                                   | Raven Acquisition Holdings LLC                                                    | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1980000 | PA      | $2034805.41   | 0.22%             | 2031-11-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Mavenir Warrants Tier 1                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       181 | NC      | $1.81         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Unicredit Spa                                              | UniCredit SpA                                                                     | CUSIP: 904678AF6<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |   2500000 | PA      | $2539396.25   | 0.28%             | 2032-06-19      | Variable      | 5.86%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Jazz Pharmaceuticals                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |   2306696 | PA      | $2307803.14   | 0.25%             | 2028-05-02      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings Inc                                    | Zayo Group Holdings, Inc.                                                         | CUSIP: 98919XAB7<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |   2773848 | PA      | $2688329.90   | 0.29%             | 2027-03-09      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | Aveanna Healthcare TL B S+375 9/10/32                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2645000 | PA      | $2641693.75   | 0.29%             | 2032-09-10      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| Pennymac Fin Svcs Inc                                      | PennyMac Financial Services, Inc.                                                 | CUSIP: 70932MAC1<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   4880000 | PA      | $4827491.20   | 0.53%             | 2031-09-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | TPC Group                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4728197 | PA      | $4544979.41   | 0.50%             | 2031-11-22      | Floating      | 9.77%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing Inc                                      | Level 3 Financing, Inc.                                                           | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    735000 | PA      | $629011.24    | 0.07%             | 2029-07-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Baffinland Iron Corp/lp                                    | Baffinland Iron Mines Corp. / Baffinland Iron Mines LP                            | CUSIP: 056623AA9<br>LEI: 254900JZUEOQ33K2AI53 | Long             | DBT              | CORP              | CA        |   4385000 | PA      | $4067087.50   | 0.44%             | 2026-07-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| New Albertsons Lp                                          | New Albertsons LP                                                                 | CUSIP: 013104AL8<br>LEI: 549300NTX8OHLI2I0Q54 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2743000.00   | 0.30%             | 2031-05-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Avaya Holdings Corp                                        | Avaya Holdings Corp.                                                              | CUSIP: 05351X507<br>LEI: 549300NZS2OZN6Q63A60 | Long             | EC               | CORP              | US        |     34691 | NS      | $615071.43    | 0.07%             |  |  |  | No            |                  3 | On Loan: No      |
| Venture Global Lng Inc                                     | Venture Global LNG, Inc.                                                          | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   2690000 | PA      | $2824500.00   | 0.31%             | 2031-06-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Warnermedia Holdings Inc                                   | Warnermedia Holdings, Inc.                                                        | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1960000 | PA      | $1562257.20   | 0.17%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Jazz Investments I Ltd                                     | Jazz Investments I, Ltd.                                                          | CUSIP: 472145AH4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2820000 | PA      | $3357119.76   | 0.37%             | 2030-09-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Nissan Motor Co                                            | Nissan Motor Co., Ltd.                                                            | CUSIP: 654922AB9<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    475000 | PA      | $499090.24    | 0.05%             | 2030-07-17      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Oneok Inc                                                  | ONEOK, Inc.                                                                       | CUSIP: 682680CR2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   1260000 | PA      | $1354105.62   | 0.15%             | 2030-09-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Digicel TL B S+525 7/30/32                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LC        |   3000000 | PA      | $2996250.00   | 0.33%             | 2032-07-30      | Floating      | 9.49%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | Hilcorp Energy I TL B                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3174050 | PA      | $3174050.00   | 0.35%             | 2030-02-05      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Envision Healthcare Corporation                            | Envision Healthcare Corp.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    481845 | NS      | $7589058.75   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Lumen Technologies Inc                                     | Lumen Technologies, Inc.                                                          | CUSIP: 550241AC7<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    423226 | PA      | $415691.86    | 0.05%             | 2030-04-15      | Fixed         | 4.12%                 | 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        |   1680000 | PA      | $1737287.83   | 0.19%             | 2029-07-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Genworth Holdings Inc                                      | Genworth Holdings, Inc.                                                           | CUSIP: 37247DAB2<br>LEI: PXDECZED7L8SRUP41R09 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1553835.00   | 0.17%             | 2034-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SIZZLING PLATTER LLC TERM (06/25) 1LIEN USD                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3345297 | PA      | $3285081.68   | 0.36%             | 2032-06-25      | Floating      | 9.16%                 | No            |                  2 | On Loan: No      |
| Starwood Property Trust                                    | Starwood Property Trust, Inc.                                                     | CUSIP: 85571BAU9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |   4335000 | PA      | $4285701.95   | 0.47%             | 2026-07-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Nrg Energy Inc                                             | NRG Energy, Inc.                                                                  | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    725000 | PA      | $724289.50    | 0.08%             | 2034-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Trivium Packaging Fin                                      | Trivium Packaging Finance BV                                                      | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |   1730000 | PA      | $1846636.60   | 0.20%             | 2030-07-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| United Rentals North Am                                    | United Rentals North America, Inc.                                                | CUSIP: 911365BN3<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2582159.04   | 0.28%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Finance Of America Fundi                                   | Finance of America Funding LLC                                                    | CUSIP: 317386AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1937142 | PA      | $1795972.78   | 0.20%             | 2026-11-30      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Diversified Healthcare T                                   | Diversified Healthcare Trust                                                      | CUSIP: 25525PAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7300000 | PA      | $6450263.21   | 0.70%             | 2031-03-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Valaris Ltd                                                | Valaris, Ltd.                                                                     | CUSIP: 91889FAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3100000 | PA      | $3218017.00   | 0.35%             | 2030-04-30      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | US Fertility Enterprises TL                                                       | CUSIP: BLUSFETL1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1678228 | PA      | $1678228.41   | 0.18%             | 2031-10-07      | Floating      | 8.50%                 | No            |                  2 | On Loan: No      |
| Pluto Acquisition I Inc                                    | Pluto Acquisition I, Inc.                                                         | CUSIP: 72941DAK8<br>LEI: 254900MOXD90LKQ6AY47 | Long             | LON              | CORP              | US        |   9476753 | PA      | $6965413.15   | 0.76%             | 2028-09-20      | Floating      | 8.24%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | Mobileum PIK EXIT                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4195568 | PA      | $3817967.31   | 0.42%             | 2029-09-12      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | ModivCare DIP S+700 2/18/26                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    362878 | PA      | $351991.36    | 0.04%             | 2026-02-18      | Floating      | 11.13%                | No            |                  3 | On Loan: No      |
| N/A                                                        | Jack Entertainment                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2598488 | PA      | $2575101.11   | 0.28%             | 2032-01-27      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| Dish Dbs Corp                                              | Dish DBS Corp.                                                                    | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2425000 | PA      | $2378677.65   | 0.26%             | 2026-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Libbey Glass Inc.                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    166360 | NS      | $665440.00    | 0.07%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                        | Trinseo                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |   1486502 | PA      | $425882.79    | 0.05%             | 2029-12-12      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| Calpine Corp                                               | Calpine Corp.                                                                     | CUSIP: 131347CP9<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   2315000 | PA      | $2291037.44   | 0.25%             | 2029-02-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Bausch Health Cos Inc                                      | Bausch Health Cos., Inc.                                                          | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   1510000 | PA      | $1348845.25   | 0.15%             | 2028-06-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Park Intermed Holdings                                     | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer | CUSIP: 70052LAC7<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |   2610000 | PA      | $2539601.25   | 0.28%             | 2029-05-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Navient Corp                                               | Navient Corp.                                                                     | CUSIP: 63938CAM0<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    805000 | PA      | $788720.89    | 0.09%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Celsius Holdings Inc                                       | Celsius                                                                           | CUSIP: 15118XAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1855000 | PA      | $1856743.70   | 0.20%             | 2032-04-01      | Floating      | 7.54%                 | No            |                  2 | On Loan: No      |
| Oneok Inc                                                  | ONEOK, Inc.                                                                       | CUSIP: 682680CQ4<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    970000 | PA      | $1002095.55   | 0.11%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | Global Medical Response TL B S+350 10/2/28                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8610000 | PA      | $8610430.50   | 0.94%             | 2028-10-02      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| Directv Financing Llc                                      | Directv Financing LLC                                                             | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3195000 | PA      | $3155797.35   | 0.34%             | 2030-02-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Lifescan Global Corp                                       | LifeScan Global Corp.                                                             | CUSIP: 53227PAP5<br>LEI: 549300VL0F83S4LR4105 | Long             | LON              | CORP              | US        |   9410058 | PA      | $8986605.50   | 0.98%             | 2026-12-31      | Floating      | 10.80%                | No            |                  2 | On Loan: No      |
| Loire Finco Luxembourg                                     | LGC Group                                                                         | CUSIP: L7000HAJ3<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   2288875 | PA      | $2290019.67   | 0.25%             | 2030-01-31      | Floating      | 8.31%                 | No            |                  2 | On Loan: No      |
| Brightstar Lottery Plc                                     | Brightstar Lottery PLC                                                            | CUSIP: 460599AE3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   1440000 | PA      | $1432717.92   | 0.16%             | 2029-01-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Innophos Holdings Inc                                      | Innophos Holdings, Inc.                                                           | CUSIP: 45774NAD0<br>LEI: XQ0331QX53IRX25OY417 | Long             | DBT              | CORP              | US        |   5408750 | PA      | $5321639.38   | 0.58%             | 2029-06-15      | Fixed         | 11.50%                | Yes           |                  2 | On Loan: No      |
| Carestream Health Inc                                      | Carestream Health, Inc.                                                           | CUSIP: 14173VAT0<br>LEI: 5493008C1W5RQW9E4I05 | Long             | LON              | CORP              | US        |   8843338 | PA      | $4399560.82   | 0.48%             | 2027-09-30      | Floating      | 11.60%                | No            |                  2 | On Loan: No      |
| Venture Global Lng Inc                                     | Venture Global LNG, Inc.                                                          | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    780000 | PA      | $819000.00    | 0.09%             | 2031-06-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | LACKAWANNA ENERGY CENTER LLC TL1L                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4045000 | PA      | $4074326.25   | 0.44%             | 2032-07-26      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| First Quantum Minerals L                                   | First Quantum Minerals, Ltd.                                                      | CUSIP: 335934AU9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   3615000 | PA      | $3791231.25   | 0.41%             | 2031-06-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Celanese Us Holdings Llc                                   | Celanese US Holdings LLC                                                          | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   2670000 | PA      | $2655074.70   | 0.29%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | MOUNTAINEER MERGER CORP                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   2912688 | NS      | $29126.88     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Uniti Group/csl Capital                                    | Uniti Group LP / Uniti Group Finance 2019, Inc. / CSL Capital LLC                 | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    880000 | PA      | $826772.85    | 0.09%             | 2029-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Mavenir Converts FIXED 2000 12/31/25                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    942007 | PA      | $2881600.73   | 0.31%             | 2025-12-31      | Fixed         | 0.00%                 | No            |                  3 | 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        |   2045000 | PA      | $2200818.98   | 0.24%             | 2031-02-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Beasley Broadcast Group Inc                                | Beasley Broadcast Group, Inc.                                                     | CUSIP: 074014200<br>LEI: 549300R5FEOSY86VTY76 | Long             | EC               | CORP              | US        |      2640 | NS      | $11823.19     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Lumen Technologies Inc                                     | Lumen Technologies, Inc.                                                          | CUSIP: 156700AT3<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |   1591000 | PA      | $1478621.31   | 0.16%             | 2042-03-15      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| Csc Holdings Llc                                           | CSC Holdings LLC                                                                  | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1970000 | PA      | $1453820.21   | 0.16%             | 2029-02-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Freedom Mortgage Hold                                      | Freedom Mortgage Holdings LLC                                                     | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   1420000 | PA      | $1498980.40   | 0.16%             | 2029-02-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Transdigm Inc                                              | TransDigm, Inc.                                                                   | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1276158.40   | 0.14%             | 2032-03-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| New Fortress Energy Inc                                    | New Fortress Energy, Inc.                                                         | CUSIP: 64439HAC3<br>LEI: 254900EICTYTCHA5X705 | Long             | LON              | CORP              | US        |   2882883 | PA      | $1386407.20   | 0.15%             | 2028-10-30      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Sr Inc                                        | Arbor Realty SR, Inc.                                                             | CUSIP: 03881NAJ6<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2261237.99   | 0.25%             | 2030-07-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Axalta Coating Systems                                     | Axalta Coating Systems LLC                                                        | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |   4855000 | PA      | $4599054.11   | 0.50%             | 2029-02-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Rxb Holdings Inc                                           | RXB Holdings, Inc.                                                                | CUSIP: 74980MAB6<br>LEI: 25490096I1KYBKEVNJ51 | Long             | LON              | CORP              | US        |   2735751 | PA      | $2742590.68   | 0.30%             | 2027-12-20      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| Univision Communications                                   | Univision Communications, Inc.                                                    | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   3650000 | PA      | $3435327.81   | 0.37%             | 2029-05-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| United Airlines Inc                                        | United Airlines, Inc.                                                             | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   2570000 | PA      | $2566145.00   | 0.28%             | 2026-04-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Baytex Energy Corp                                         | Baytex Energy Corp.                                                               | CUSIP: 07317QAK1<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |   3715000 | PA      | $3629183.50   | 0.40%             | 2032-03-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Magenta Security Holdings, LLC Third Out                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      8976 | PA      | $1787.72      | 0.00%             | 2028-07-27      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Coreweave Inc                                              | CoreWeave, Inc.                                                                   | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    710000 | PA      | $734071.13    | 0.08%             | 2030-06-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Delivery Hero                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1975621 | PA      | $1995377.53   | 0.22%             | 2029-12-12      | Floating      | 9.30%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | Gabe's DDTL S+800 6/16/30                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    467786 | PA      | $467786.32    | 0.05%             | 2030-06-16      | Floating      | 12.16%                | No            |                  3 | On Loan: No      |
| Service Properties Trust                                   | Service Properties Trust                                                          | CUSIP: 81761LAF9<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    645000 | PA      | $568761.00    | 0.06%             | 2027-09-30      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Arsenal Aic Parent Llc                                     | Arsenal AIC Parent LLC                                                            | CUSIP: 04287KAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2311441 | PA      | $2307834.79   | 0.25%             | 2030-08-19      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Rocket Cos Inc                                             | Rocket Cos., Inc.                                                                 | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2170000 | PA      | $2240525.00   | 0.24%             | 2033-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| 1261229 Bc Ltd                                             | Bausch Health                                                                     | CUSIP: C6903HAB0<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   3981899 | PA      | $3918427.86   | 0.43%             | 2030-10-08      | Floating      | 10.41%                | No            |                  2 | On Loan: No      |
| Ball Corp                                                  | Ball Corp.                                                                        | CUSIP: 058498AX4<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2632475.00   | 0.29%             | 2031-09-15      | Fixed         | 3.12%                 | No            |                  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        |  10035000 | PA      | $8677766.25   | 0.95%             | 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        |   2330000 | PA      | $2264431.47   | 0.25%             | 2029-04-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Zayo Group Holdings Inc                                    | Zayo Group Holdings, Inc.                                                         | CUSIP: 98919XAB7<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |    937374 | PA      | $922732.63    | 0.10%             | 2027-03-09      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Domtar Corp                                                | Domtar Corp.                                                                      | CUSIP: 70478JAA2<br>LEI: XYSIJOU3HNVROZWNA008 | Long             | DBT              | CORP              | US        |   4820000 | PA      | $4148130.56   | 0.45%             | 2028-10-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Goodnight Water Solution                                   | Goodnight                                                                         | CUSIP: 38238YAC3<br>LEI: 254900CZJ6KUEVU9QV27 | Long             | LON              | CORP              | US        |   2193396 | PA      | $2160494.90   | 0.24%             | 2029-05-23      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| Genting Ny Llc/genny Cap                                   | Genting New York LLC / GENNY Capital, Inc.                                        | CUSIP: 37255JAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3395000 | PA      | $3510642.19   | 0.38%             | 2029-10-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Victoria's Secret & Co                                     | Victoria's Secret & Co.                                                           | CUSIP: 926400AA0<br>LEI: 5493006T3O70U3UWVF17 | Long             | DBT              | CORP              | US        |   3045000 | PA      | $2909760.89   | 0.32%             | 2029-07-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Asp Unifrax Holdings Inc                                   | ASP Unifrax Holdings, Inc.                                                        | CUSIP: 00218LAH4<br>LEI: 549300RRU6BWJLD0YT71 | Long             | DBT              | CORP              | US        |   2084521 | PA      | $832615.01    | 0.09%             | 2029-09-30      | Fixed         | 7.10%                 | Yes           |                  2 | On Loan: No      |
| Hub International Ltd                                      | HUB International, Ltd.                                                           | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |   2716324 | PA      | $2719638.25   | 0.30%             | 2030-06-20      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| Mcgraw-hill Education                                      | McGraw-Hill Education, Inc.                                                       | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2800135.24   | 0.30%             | 2028-08-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Grubhub Holdings Inc                                       | GrubHub Holdings, Inc.                                                            | CUSIP: 40010PAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6618325 | PA      | $6618325.00   | 0.72%             | 2030-07-31      | Fixed         | 13.00%                | Yes           |                  2 | On Loan: No      |
| Level 3 Financing Inc                                      | Level 3 Financing, Inc.                                                           | CUSIP: 527298BS1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    800000 | PA      | $695143.84    | 0.08%             | 2029-01-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Embecta Corp                                               | Embecta Corp.                                                                     | CUSIP: 29082KAA3<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | DBT              | CORP              | US        |    310000 | PA      | $293569.47    | 0.03%             | 2030-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Gabe's TL S+800 6/16/30                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    563031 | PA      | $563031.39    | 0.06%             | 2030-06-16      | Floating      | 12.16%                | No            |                  3 | On Loan: No      |
| Midcap Financial Issr Tr                                   | Midcap Financial Issuer Trust                                                     | CUSIP: 59567LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2350000 | PA      | $2332816.33   | 0.25%             | 2028-05-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | ModivCare Add-On                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1516177 | PA      | $644375.43    | 0.07%             | 2049-12-31      | Floating      | 11.78%                | No            |                  2 | On Loan: No      |
| Sabre Glbl Inc                                             | Sabre GLBL, Inc.                                                                  | CUSIP: 78571YBG4<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |    768468 | PA      | $726202.62    | 0.08%             | 2027-12-17      | Floating      | 7.78%                 | No            |                  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        |    960000 | PA      | $1006296.00   | 0.11%             | 2032-07-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Magenta Security Holdings, LLC First Out                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2813405 | PA      | $2298382.71   | 0.25%             | 2028-07-27      | Floating      | 11.32%                | No            |                  2 | On Loan: No      |
| Apollo Cmmrl Real Est Fi                                   | Apollo Commercial Real Estate Finance, Inc.                                       | CUSIP: 03762UAD7<br>LEI: 549300E0AN7M2AQHSY29 | Long             | DBT              | CORP              | US        |   3670000 | PA      | $3527119.93   | 0.38%             | 2029-06-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | US Fertility Enterprises                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     76475 | PA      | $76474.77     | 0.01%             | 2031-10-07      | Floating      | 8.81%                 | No            |                  2 | On Loan: No      |
| Oid-ol Intermediate                                        | OID-OL Intermediate I LLC                                                         | CUSIP: 67089SAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    220394 | PA      | $227144.88    | 0.02%             | 2029-02-01      | Floating      | 10.31%                | No            |                  2 | On Loan: No      |
| N/A                                                        | Peninsula Pacific Entertainment TL S+475 8/16/32                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1458228 | PA      | $1454582.29   | 0.16%             | 2032-08-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Plusgrade Inc                                              | Plusgrade, Inc.                                                                   | CUSIP: C6902LAE6<br>LEI: 2549008CGP2130G9RA20 | Long             | LON              | CORP              | CA        |   2155179 | PA      | $2152484.61   | 0.23%             | 2031-03-03      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | Veritiv TL                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2224487 | PA      | $2199149.92   | 0.24%             | 2030-12-02      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| Akumin Inc                                                 | Akumin, Inc.                                                                      | CUSIP: 01021XAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8275000 | PA      | $7770570.07   | 0.85%             | 2027-08-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Avaya Holdings Corp                                        | Avaya Holdings Corp.                                                              | CUSIP: 05351X408<br>LEI: 549300NZS2OZN6Q63A60 | Long             | EC               | CORP              | US        |     13998 | NS      | $248184.54    | 0.03%             |  |  |  | No            |                  3 | On Loan: No      |
| Ascent Resources/aru Fin                                   | Ascent Resources Utica Holdings LLC / ARU Finance Corp.                           | CUSIP: 04364VBA0<br>LEI: 549300EGLQ2M2CL7JZ89 | Long             | DBT              | CORP              | US        |   2875000 | PA      | $2912892.50   | 0.32%             | 2033-07-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Urban One Inc                                              | Urban One, Inc.                                                                   | CUSIP: 91705JAC9<br>LEI: 549300PLGIGPBRQUP240 | Long             | DBT              | CORP              | US        |   7255000 | PA      | $3764256.75   | 0.41%             | 2028-02-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Swf Holdings I Corp                                        | SWF Holdings I Corp.                                                              | CUSIP: 78500AAA6<br>LEI: 5493000CMZKPQ7BKPB20 | Long             | DBT              | CORP              | US        |    930000 | PA      | $361566.61    | 0.04%             | 2029-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Bingo Holdings I Llc                                       | Bingo Holdings I LLC                                                              | CUSIP: 09081AAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3150000 | PA      | $3145086.00   | 0.34%             | 2032-06-30      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| Icahn Enterprises/fin                                      | Icahn Enterprises LP / Icahn Enterprises Finance Corp.                            | CUSIP: 451102CK1<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |    715000 | PA      | $717752.75    | 0.08%             | 2029-11-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Yum! Brands Inc                                            | Yum! Brands, Inc.                                                                 | CUSIP: 988498AD3<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   2335000 | PA      | $2587672.69   | 0.28%             | 2037-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Dish Dbs Corp                                              | Dish DBS Corp.                                                                    | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    565000 | PA      | $483075.00    | 0.05%             | 2029-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Davita Inc                                                 | DaVita, Inc.                                                                      | CUSIP: 23918KAT5<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   2485000 | PA      | $2275864.89   | 0.25%             | 2031-02-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Libbey Glass Inc                                           | Libbey Glass LLC                                                                  | CUSIP: 52989XAC7<br>LEI: A7JTTZYG0P336HI4K290 | Long             | LON              | CORP              | US        |   1775007 | PA      | $1705781.33   | 0.19%             | 2027-11-22      | Floating      | 10.96%                | No            |                  2 | On Loan: No      |
| N/A                                                        | ModivCare DIP UNF S+700 2/18/26                                                   | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |   -217727 | PA      | $-217726.61   | -0.02%            | 2026-02-18      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Lcpr Sr Secured Fin Dac                                    | LCPR Senior Secured Financing DAC                                                 | CUSIP: 50201DAA1<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | IE        |   2335000 | PA      | $1404375.71   | 0.15%             | 2027-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Nrg Energy Inc                                             | NRG Energy, Inc.                                                                  | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1570000 | PA      | $1570573.05   | 0.17%             | 2036-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Apple Bidco Llc                                            | Apple Bidco LLC                                                                   | CUSIP: 48254EAG6<br>LEI: 2549001SCJD3WEYJFM53 | Long             | LON              | CORP              | US        |   1974731 | PA      | $1974020.55   | 0.22%             | 2031-09-22      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| Sabre Glbl Inc                                             | Sabre GLBL, Inc.                                                                  | CUSIP: 78571YBF6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |    105411 | PA      | $99613.33     | 0.01%             | 2027-12-17      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| Hilcorp Energy I/hilcorp                                   | Hilcorp Energy I LP / Hilcorp Finance Co.                                         | CUSIP: 431318BG8<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |   3715000 | PA      | $3632443.41   | 0.40%             | 2035-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | DS Parents, INC.                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2875950 | PA      | $2655450.91   | 0.29%             | 2030-12-13      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | Cox Media Group TL                                                                | CUSIP: BLTETL1B2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5800294 | PA      | $5535278.91   | 0.60%             | 2029-06-18      | Floating      | 7.60%                 | No            |                  2 | On Loan: No      |
| Service Properties Trust                                   | Service Properties Trust                                                          | CUSIP: 44106MAY8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   5190000 | PA      | $4415250.29   | 0.48%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SCP Health TL B S+400 7/24/32                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5650000 | PA      | $5674238.50   | 0.62%             | 2032-07-24      | Floating      | 8.01%                 | No            |                  2 | On Loan: No      |
| Restoration Hardware Inc                                   | Restoration Hardware Inc.                                                         | CUSIP: 76133MAB7<br>LEI: 549300H9H1H3OC7C3H47 | Long             | LON              | CORP              | US        |   2999562 | PA      | $2915814.68   | 0.32%             | 2028-10-20      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| Warnermedia Holdings Inc                                   | Warnermedia Holdings, Inc.                                                        | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    825000 | PA      | $793509.75    | 0.09%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | Magenta Security Holdings, LLC Second Out                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7105059 | PA      | $3076490.68   | 0.34%             | 2028-07-27      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Onemain Finance Corp                                       | OneMain Finance Corp.                                                             | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   3810000 | PA      | $3981450.00   | 0.43%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Melco Resorts Finance                                      | Melco Resorts Finance, Ltd.                                                       | CUSIP: 58547DAD1<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |   3740000 | PA      | $3667818.00   | 0.40%             | 2029-12-04      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Pennymac Fin Svcs Inc                                      | PennyMac Financial Services, Inc.                                                 | CUSIP: 70932MAB3<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   2890000 | PA      | $2795945.53   | 0.30%             | 2029-02-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Jefferies Fin Llc / Jfin                                   | Jefferies Finance LLC / JFIN Co.-Issuer Corp.                                     | CUSIP: 47232MAG7<br>LEI: 549300SKVB18YSSIDT75 | Long             | DBT              | CORP              | US        |   2415000 | PA      | $2431023.28   | 0.26%             | 2031-10-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Builders Firstsource Inc                                   | Builders FirstSource, Inc.                                                        | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   2050000 | PA      | $2114062.50   | 0.23%             | 2034-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Itt Holdings Llc                                           | ITT Holdings LLC                                                                  | CUSIP: 45070BAK1<br>LEI: 549300TH2PHOLK31LB42 | Long             | LON              | CORP              | US        |   1975000 | PA      | $1974387.75   | 0.22%             | 2030-10-11      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| Olympus Wtr Us Hldg Corp                                   | Olympus Water US Holding Corp.                                                    | CUSIP: 68163YAK1<br>LEI: 549300YU2GGVCBN3MY89 | Long             | LON              | CORP              | US        |   3300000 | PA      | $3272907.00   | 0.36%             | 2032-07-26      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| Travelport Finance Luxem                                   | Travelport Finance Luxembourg Sarl                                                | CUSIP: L9308UAU4<br>LEI: 2221005SGFWYZHL40F77 | Long             | LON              | CORP              | LU        |   3174133 | PA      | $2645639.69   | 0.29%             | 2028-09-29      | Floating      | 12.18%                | No            |                  2 | On Loan: No      |
| N/A                                                        | Cision Second Out B-1                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3369145 | PA      | $1549806.87   | 0.17%             | 2030-05-31      | Floating      | 8.72%                 | No            |                  2 | On Loan: No      |
| Nidda Healthcare Holding                                   | Nidda Healthcare Holding GmbH                                                     | CUSIP: YU3428460<br>LEI: 549300Q89C4WAO6L0L19 | Long             | DBT              | CORP              | DE        |   2660000 | PA      | $3129293.64   | 0.34%             | 2030-10-23      | Floating      | 5.79%                 | Yes           |                  2 | On Loan: No      |
| Sunoco Lp                                                  | Sunoco LP                                                                         | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2541950.00   | 0.28%             | 2033-07-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | XPLORE CVR                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      5390 | PA      | $0.54         | 0.00%             | 2049-12-31      | Floating      | 1.76%                 | No            |                  3 | On Loan: No      |
| Methanex Us Operations                                     | Methanex US Operations, Inc.                                                      | CUSIP: 59151LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2915000 | PA      | $2966682.95   | 0.32%             | 2032-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Bellis Acquisition Co Pl                                   | Bellis Acquisition Co. PLC                                                        | CUSIP: ZB7830837<br>LEI: 259400CYE2267UB4A481 | Long             | DBT              | CORP              | GB        |   1645000 | PA      | $2111208.77   | 0.23%             | 2030-05-14      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Icahn Enterprises/fin                                      | Icahn Enterprises LP / Icahn Enterprises Finance Corp.                            | CUSIP: 451102CJ4<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |   7315000 | PA      | $7022400.00   | 0.76%             | 2030-06-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Virgin Media Bristol Llc                                   | Virgin Media Bristol LLC                                                          | CUSIP: G9368PBC7<br>LEI: 213800IQ982XX69LE276 | Long             | LON              | CORP              | US        |    860563 | PA      | $859255.16    | 0.09%             | 2028-01-31      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings Inc                                    | ZAYO GROUP HOLDI ZAYO 9 1/4 03/09/30                                              | CUSIP: 98919VAC9<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |   1629511 | PA      | $1572478.12   | 0.17%             | 2030-03-09      | Variable      | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Bausch Health Cos Inc                                      | Bausch Health Cos., Inc.                                                          | CUSIP: 071734AH0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    880000 | PA      | $755700.00    | 0.08%             | 2028-01-30      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Long Ridge Energy TL B                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2598488 | PA      | $2537578.95   | 0.28%             | 2032-02-06      | Floating      | 8.72%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises                                    | Royal Caribbean Cruises, Ltd.                                                     | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1770000 | PA      | $1803968.96   | 0.20%             | 2031-09-30      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Pitney Bowes TL B                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2493750 | PA      | $2490632.81   | 0.27%             | 2032-01-23      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| Nfe Financing Llc                                          | NFE Financing LLC                                                                 | CUSIP: 62909BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2320000 | PA      | $664202.08    | 0.07%             | 2029-11-15      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| N/A                                                        | Mavenir Warrants Tier 2                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       353 | NC      | $3.53         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Socotec Us Holding Inc                                     | Socotec US Holding, Inc.                                                          | CUSIP: F5000AAC4<br>LEI: 969500TSHWNDZONA3M83 | Long             | LON              | CORP              | US        |   2970000 | PA      | $2983602.60   | 0.32%             | 2031-06-02      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | Xplore TL                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1273096 | PA      | $869944.44    | 0.09%             | 2031-10-24      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | Warhorse Gaming, LLC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3873984 | PA      | $4009573.63   | 0.44%             | 2028-06-15      | Floating      | 13.48%                | No            |                  2 | On Loan: No      |
| N/A                                                        | XPLORE INC/STONEPEAK FALCON                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |     71771 | NS      | $844728.73    | 0.09%             |  |  |  | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** ALPS SERIES TRUST

**Signature:** Jill McFate

**Name of Signer:** Jill McFate

**Title:** Treasurer