# EDGAR Filing Document

**Accession Number:** 0000916620
**File Stem:** 0002066578-26-001909
**Filing Date:** 2026-5
**Character Count:** 191926
**Document Hash:** 7a5e38eac2dca4cc16d0565fe5ed37fe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-26-001909.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0002066578-26-001909

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHERN FUNDS
- **CENTRAL INDEX KEY:** 0000916620

**ORGANIZATION NAME:**
- **EIN:** 391777365
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08236
- **FILM NUMBER:** 261034954

**BUSINESS ADDRESS:**
- **STREET 1:** NORTHERN FUNDS
- **STREET 2:** 50 SOUTH LASALLE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603
- **BUSINESS PHONE:** 800-595-9111

**MAIL ADDRESS:**
- **STREET 1:** NORTHERN FUNDS
- **STREET 2:** 50 SOUTH LASALLE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603

## Series and Classes Contracts Data

### HIGH YIELD FIXED INCOME FUND (Series ID: S000001256)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000003402 | HIGH YIELD FIXED INCOME FUND | NHFIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Northern Funds

- **b. Investment Company Act file number:** 811-08236

- **c. CIK number of Registrant:** 0000916620

- **d. LEI of Registrant:** 5493004ZY1PEJR3C0A81

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

  - **Street Address 1:** 50 South LaSalle Street

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60603

  - **Telephone number:** 800-595-9111

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

- **a. Name of Series:** High Yield Fixed Income Fund

- **b. EDGAR series identifier (if any):** S000001256

- **c. LEI of Series:** 549300RSK8AGISKBFH65

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

- **a. Date of fiscal year-end:** 2026-03-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2098782604.21

**Total Liabilities:** $14058273.76

**Net Assets:** $2084724330.45

**Delayed Delivery Securities:** $10844900.00

**Cash Not Reported:** $1931826.96

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 179.473857541923 | **1-Year:** 5743.231631202559 | **5-Year:** 7909.134725818671 | **10-Year:** 7663.942738278262 | **30-Year:** 5312.913642435172

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

- **3-Month:** 3383.199974941209 | **1-Year:** 131127.363040219865 | **5-Year:** 332453.333521225286 | **10-Year:** 84973.606467374220 | **30-Year:** 10773.743801475926

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000003402 | 0.59%                | 0.20%                | -1.23%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3023235.65              | $-3345207.85                               |
| Month 2  | $-2690221.06             | $-7189297.05                               |
| Month 3  | $-4710196.39             | $-30485684.33                              |

**Designated Index Information**

- **Index Name:** BBG High Yield Corp 2% Cap

- **Index Identifier:** LEH_HY2C

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AXON ENT. INC 6.125%      | AXON ENT. INC 6.125%      | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |   2330000 | PA      | $2368552.18   | 0.11%             | 2030-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| EZCORP INC 7.375%         | EZCORP INC 7.375%         | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |   2010000 | PA      | $2099674.14   | 0.10%             | 2032-04-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| STAR LEASING CO LL 7.625% | STAR LEASING CO LL 7.625% | CUSIP: 854938AA5<br>LEI: 549300WXKNX4PT3HSN71 | Long             | DBT              | CORP              | US        |   9590000 | PA      | $8874766.29   | 0.43%             | 2030-02-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| BREAD FINL. HLDGS. IN F2V | BREAD FINL. HLDGS. IN F2V | CUSIP: 018581AQ1<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |   2041000 | PA      | $2063595.91   | 0.10%             | 2035-06-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| AMSTED INDS. INC 6.375%   | AMSTED INDS. INC 6.375%   | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |   3520000 | PA      | $3537424.00   | 0.17%             | 2033-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| TURNING POINT BRAN 7.625% | TURNING POINT BRAN 7.625% | CUSIP: 90041LAG0<br>LEI: 549300IYG00QF0VVP302 | Long             | DBT              | CORP              | US        |   4845000 | PA      | $4958373.00   | 0.24%             | 2032-03-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| CELANESE US HLDGS. 6.75%  | CELANESE US HLDGS. 6.75%  | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   3545000 | PA      | $3637038.59   | 0.17%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CELANESE US HLDGS. 6.50%  | CELANESE US HLDGS. 6.50%  | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   4905000 | PA      | $5005518.17   | 0.24%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAP. HLDG 8.25% | JEFFERSON CAP. HLDG 8.25% | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1218000 | PA      | $1267601.83   | 0.06%             | 2030-05-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| 1261229 BC LTD 10.00%     | 1261229 BC LTD 10.00%     | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   8290000 | PA      | $8487666.76   | 0.41%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| OT MIDCO LTD 10.00%       | OT MIDCO LTD 10.00%       | CUSIP: 68877AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $1651488.00   | 0.08%             | 2030-02-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| WEX INC 6.50%             | WEX INC 6.50%             | CUSIP: 96208TAD6<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | DBT              | CORP              | US        |   2485000 | PA      | $2434236.17   | 0.12%             | 2033-03-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ALVOGEN PHARMA PIK TL     | ALVOGEN PHARMA PIK TL     | CUSIP: LX2600711<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2749377 | PA      | $1759601.22   | 0.08%             | 2029-03-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| AXON ENT. INC 6.25%       | AXON ENT. INC 6.25%       | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |   1630000 | PA      | $1663815.98   | 0.08%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| CAPSTONE COPPER COR 6.75% | CAPSTONE COPPER COR 6.75% | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |   3855000 | PA      | $3829610.97   | 0.18%             | 2033-03-31      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| XPLR INFRA. OPERAT 8.375% | XPLR INFRA. OPERAT 8.375% | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    610000 | PA      | $642147.61    | 0.03%             | 2031-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| ENCORE CAP. GRP. IN 9.25% | ENCORE CAP. GRP. IN 9.25% | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |   3065000 | PA      | $3206756.25   | 0.15%             | 2029-04-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP 7.375% | BAYTEX ENERGY CORP 7.375% | CUSIP: 07317QAK1<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |   2055000 | PA      | $2126610.59   | 0.10%             | 2032-03-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| BRINK S CO/THE 6.50%      | BRINK S CO/THE 6.50%      | CUSIP: 109696AC8<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |   4158000 | PA      | $4222370.00   | 0.20%             | 2029-06-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN 6.625%  | WILLIAMS SCOTSMAN 6.625%  | CUSIP: 96949VAM5<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |   2515000 | PA      | $2543278.76   | 0.12%             | 2029-06-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| CONSTELLIUM SE 6.375%     | CONSTELLIUM SE 6.375%     | CUSIP: 21039CAD6<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |   3943000 | PA      | $3985742.12   | 0.19%             | 2032-08-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| MANITOWOC CO INC/TH 9.25% | MANITOWOC CO INC/TH 9.25% | CUSIP: 563571AN8<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | DBT              | CORP              | US        |   2845000 | PA      | $2970970.91   | 0.14%             | 2031-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| GEE AUTOMOTIVE HLDG 7.25% | GEE AUTOMOTIVE HLDG 7.25% | CUSIP: 36846VAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3593000 | PA      | $3604001.77   | 0.17%             | 2031-03-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| SM ENERGY CO 6.625%       | SM ENERGY CO 6.625%       | CUSIP: 78454LAZ3<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2542795.28   | 0.12%             | 2034-04-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| MOOG INC 5.50%            | MOOG INC 5.50%            | CUSIP: 615394AP8<br>LEI: 549300WM2I4U7OBAHG07 | Long             | DBT              | CORP              | US        |   1355000 | PA      | $1359256.90   | 0.07%             | 2034-10-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CYPRIUM CORP / CYP 6.125% | CYPRIUM CORP / CYP 6.125% | CUSIP: 23292NAA6<br>LEI: 254900V7LN9S9W17X250 | Long             | DBT              | CORP              | US        |    445000 | PA      | $438688.77    | 0.02%             | 2031-04-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC 7.25%      | BOMBARDIER INC 7.25%      | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   2595000 | PA      | $2719344.62   | 0.13%             | 2031-07-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| GRAY TELEVISION IN 10.50% | GRAY TELEVISION IN 10.50% | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   4742000 | PA      | $5039088.58   | 0.24%             | 2029-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| ENOVA INTL. INC 9.125%    | ENOVA INTL. INC 9.125%    | CUSIP: 29357KAK9<br>LEI: 549300O8XOCQSB49UO63 | Long             | DBT              | CORP              | US        |   8305000 | PA      | $8496712.62   | 0.41%             | 2029-08-01      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| ARCOSA INC 6.875%         | ARCOSA INC 6.875%         | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |   2656000 | PA      | $2721451.81   | 0.13%             | 2032-08-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| LIGHTNING POWER LLC 7.25% | LIGHTNING POWER LLC 7.25% | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |   3670000 | PA      | $3814883.34   | 0.18%             | 2032-08-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| NCL CORP LTD 6.25%        | NCL CORP LTD 6.25%        | CUSIP: 62886HBP5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   4400000 | PA      | $4367391.60   | 0.21%             | 2030-03-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC 6.00%       | TRANSDIGM INC 6.00%       | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1634000 | PA      | $1633082.67   | 0.08%             | 2033-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| GFL ENVIRON. HLDGS. 5.50% | GFL ENVIRON. HLDGS. 5.50% | CUSIP: 36273TAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1480000 | PA      | $1451577.93   | 0.07%             | 2034-02-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMS. IN 8.50% | UNIVISION COMMS. IN 8.50% | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   6780000 | PA      | $6813086.40   | 0.33%             | 2031-07-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| KRONOS ACQUISITION 8.25%  | KRONOS ACQUISITION 8.25%  | CUSIP: 50106GAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3460000 | PA      | $2136550.00   | 0.10%             | 2031-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| SM ENERGY CO 6.75%        | SM ENERGY CO 6.75%        | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   6563572 | PA      | $6662990.43   | 0.32%             | 2029-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| FIESTA PURCHASER I 9.625% | FIESTA PURCHASER I 9.625% | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5290000 | PA      | $5387711.59   | 0.26%             | 2032-09-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HLDGS. INTE 6.50% | ALLIANT HLDGS. INTE 6.50% | CUSIP: 01883LAG8<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |   4820000 | PA      | $4732987.43   | 0.23%             | 2031-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| GENESIS ENERGY LP / 6.75% | GENESIS ENERGY LP / 6.75% | CUSIP: 37185LAS1<br>LEI: 549300VJ5D6MDK138782 | Long             | DBT              | CORP              | US        |   1530000 | PA      | $1522771.67   | 0.07%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/TH 8.50% | MICHAELS COS INC/TH 8.50% | CUSIP: 59408QAB2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |   4050000 | PA      | $3942650.70   | 0.19%             | 2033-03-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| SIRIUS XM RADIO LL 5.875% | SIRIUS XM RADIO LL 5.875% | CUSIP: 82966BAA3<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   4290000 | PA      | $4261559.02   | 0.20%             | 2032-04-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| APLD COMPUTECO 2 6.75%    | APLD COMPUTECO 2 6.75%    | CUSIP: 03772CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    890000 | PA      | $883520.00    | 0.04%             | 2031-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CRESCENT ENERGY FI 7.625% | CRESCENT ENERGY FI 7.625% | CUSIP: 45344LAD5<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |   4245000 | PA      | $4307949.11   | 0.21%             | 2032-04-01      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| CRUISE YACHT UPPE 11.875% | CRUISE YACHT UPPE 11.875% | CUSIP: X174B1AA0<br>LEI: 984500DE088QEE80G074 | Long             | DBT              | CORP              | MT        |   8050000 | PA      | $7139343.75   | 0.34%             | 2028-07-05      | Fixed         | 11.88%                | No            |                  2 | On Loan: No      |
| SM ENERGY CO 7.00%        | SM ENERGY CO 7.00%        | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   1865000 | PA      | $1904340.31   | 0.09%             | 2032-08-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| RR DONNELLEY & SONS 9.50% | RR DONNELLEY & SONS 9.50% | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2328069.20   | 0.11%             | 2029-08-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| MIDCONTINENT COMMUN 8.00% | MIDCONTINENT COMMUN 8.00% | CUSIP: 59565XAD2<br>LEI: 549300ZI9GDQBS28C408 | Long             | DBT              | CORP              | US        |   2345000 | PA      | $2184015.05   | 0.10%             | 2032-08-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| AVIENT CORP 6.25%         | AVIENT CORP 6.25%         | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |   8480000 | PA      | $8539224.32   | 0.41%             | 2031-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COS INC 5.625% | ALBERTSONS COS INC 5.625% | CUSIP: 01309QAE8<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   1195000 | PA      | $1176496.74   | 0.06%             | 2032-03-31      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| ASURION LLC AND AS 8.375% | ASURION LLC AND AS 8.375% | CUSIP: 045941AB7<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |    895000 | PA      | $868921.87    | 0.04%             | 2034-02-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| CVR ENERGY INC 7.50%      | CVR ENERGY INC 7.50%      | CUSIP: 12662PAH1<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |   2085000 | PA      | $2100568.70   | 0.10%             | 2031-02-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| CVR ENERGY INC 7.875%     | CVR ENERGY INC 7.875%     | CUSIP: 12662PAJ7<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |   1565000 | PA      | $1570484.59   | 0.08%             | 2034-02-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| FIRST QUANTUM MINE 6.375% | FIRST QUANTUM MINE 6.375% | CUSIP: 335934AY1<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   2420000 | PA      | $2328080.66   | 0.11%             | 2036-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| RXO INC 6.375%            | RXO INC 6.375%            | CUSIP: 74982TAA1<br>LEI: 549300KL8CA6GP8XPM30 | Long             | DBT              | CORP              | US        |   4910000 | PA      | $4711183.79   | 0.23%             | 2031-05-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| INDUSTRIAL F&B INVS 7.75% | INDUSTRIAL F&B INVS 7.75% | CUSIP: 456142AA6<br>LEI: 5493007M7EVHE470Q576 | Long             | DBT              | CORP              | US        |   3175000 | PA      | $3207870.55   | 0.15%             | 2033-02-11      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| CYPRIUM CORP / CYP 6.375% | CYPRIUM CORP / CYP 6.375% | CUSIP: 23292NAB4<br>LEI: 254900V7LN9S9W17X250 | Long             | DBT              | CORP              | US        |    445000 | PA      | $431935.70    | 0.02%             | 2034-04-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| PRIME HEALTHCARE S 9.375% | PRIME HEALTHCARE S 9.375% | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7085000 | PA      | $7347145.00   | 0.35%             | 2029-09-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| CONNECT FINCO SARL 9.00%  | CONNECT FINCO SARL 9.00%  | CUSIP: 20752TAB0<br>LEI: 2594001KNYIQ456J2792 | Long             | DBT              | CORP              | LU        |   3952000 | PA      | $4151734.08   | 0.20%             | 2029-09-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| COLUMBUS MCKINNON 7.125%  | COLUMBUS MCKINNON 7.125%  | CUSIP: 199333AK1<br>LEI: 549300W3HQB0HO1F3G69 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1269415.80   | 0.06%             | 2033-02-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| ESAB CORP 5.625%          | ESAB CORP 5.625%          | CUSIP: 29605JAB2<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |   1210000 | PA      | $1218482.10   | 0.06%             | 2031-04-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| INFINITY NATURAL R 7.625% | INFINITY NATURAL R 7.625% | CUSIP: 45690BAA3<br>LEI: 54930021094IFVB5ND43 | Long             | DBT              | CORP              | US        |   2325000 | PA      | $2337276.00   | 0.11%             | 2031-04-01      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC 7.25%   | NEXSTAR MEDIA INC 7.25%   | CUSIP: 65346UAA7<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   2280000 | PA      | $2286786.83   | 0.11%             | 2034-04-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ALCOA NEDERLAND HL 7.125% | ALCOA NEDERLAND HL 7.125% | CUSIP: 013822AH4<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |   2555000 | PA      | $2671794.01   | 0.13%             | 2031-03-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| HIGHTOWER HLDG. LL 9.125% | HIGHTOWER HLDG. LL 9.125% | CUSIP: 43118DAB6<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |   6565000 | PA      | $6694415.85   | 0.32%             | 2030-01-31      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| DAVITA INC 6.875%         | DAVITA INC 6.875%         | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   3590000 | PA      | $3677692.10   | 0.18%             | 2032-09-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC 6.125%      | TRANSDIGM INC 6.125%      | CUSIP: 893647CB1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    400000 | PA      | $393416.96    | 0.02%             | 2034-07-31      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| MICHAELS COS INC/T 11.00% | MICHAELS COS INC/T 11.00% | CUSIP: 59408QAA4<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |   1340000 | PA      | $1247811.22   | 0.06%             | 2034-03-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| WESCO DIST. INC 5.50%     | WESCO DIST. INC 5.50%     | CUSIP: 95081QAU8<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    445000 | PA      | $438257.80    | 0.02%             | 2034-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| WESCO DIST. INC 5.25%     | WESCO DIST. INC 5.25%     | CUSIP: 95081QAT1<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    480000 | PA      | $477134.83    | 0.02%             | 2031-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| PENN ENTERTAINMENT 6.75%  | PENN ENTERTAINMENT 6.75%  | CUSIP: 707569AY5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3060000 | PA      | $2971930.45   | 0.14%             | 2031-04-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| OAK-EAGLE ACQUIRECO 7.25% | OAK-EAGLE ACQUIRECO 7.25% | CUSIP: 67124CAA1<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |   4120000 | PA      | $4268709.05   | 0.20%             | 2033-07-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| VITAL ENERGY INC 7.875%   | VITAL ENERGY INC 7.875%   | CUSIP: 516806AK2<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    780000 | PA      | $796892.46    | 0.04%             | 2032-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| ZEBRA TECHS. CORP 6.50%   | ZEBRA TECHS. CORP 6.50%   | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |   5044000 | PA      | $5078379.90   | 0.24%             | 2032-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CI FINL. CORP 7.50%       | CI FINL. CORP 7.50%       | CUSIP: 125491AT7<br>LEI: 549300M9W7JJQSVCEM78 | Long             | DBT              | CORP              | CA        |   4500000 | PA      | $4721908.91   | 0.23%             | 2029-05-30      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM 8.00%  | EQUIPMENTSHARE.COM 8.00%  | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   7136000 | PA      | $7367709.13   | 0.35%             | 2033-03-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| AZORRA FIN. LTD 6.25%     | AZORRA FIN. LTD 6.25%     | CUSIP: 05480AAC9<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |   3585000 | PA      | $3327205.88   | 0.16%             | 2034-02-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC 6.50%   | NEXSTAR MEDIA INC 6.50%   | CUSIP: 65346UAB5<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   3130000 | PA      | $3153847.47   | 0.15%             | 2033-09-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| FORTRESS TRANSPORTA 7.00% | FORTRESS TRANSPORTA 7.00% | CUSIP: 34960PAG6<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |   3460000 | PA      | $3546901.36   | 0.17%             | 2032-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CPI CG INC 10.00%         | CPI CG INC 10.00%         | CUSIP: 12598FAC3<br>LEI: 254900H3R50WH1B1LB48 | Long             | DBT              | CORP              | US        |   5345000 | PA      | $5640899.20   | 0.27%             | 2029-07-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| OPTICS BIDCO SPA 6.375%   | OPTICS BIDCO SPA 6.375%   | CUSIP: 683879AB6<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |   5664000 | PA      | $5596711.68   | 0.27%             | 2033-11-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCAT 7.375% | MCGRAW-HILL EDUCAT 7.375% | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |   3795000 | PA      | $3866296.67   | 0.19%             | 2031-09-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| 144A SV RNO PRO 5.87%     | 144A SV RNO PRO 5.87%     | CUSIP: 78488XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9400000 | PA      | $9291830.06   | 0.45%             | 2031-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CNX RES. CORP 5.875%      | CNX RES. CORP 5.875%      | CUSIP: 12653CAM0<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |   1335000 | PA      | $1300125.26   | 0.06%             | 2034-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| FAIR ISAAC CORP 6.25%     | FAIR ISAAC CORP 6.25%     | CUSIP: 303250AJ3<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   4520000 | PA      | $4445567.35   | 0.21%             | 2034-09-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ZIGGO BD. CO BV 5.125%    | ZIGGO BD. CO BV 5.125%    | CUSIP: 98953GAD7<br>LEI: 213800JYI4P7V5QDOG59 | Long             | DBT              | CORP              | NL        |   8160000 | PA      | $7001973.60   | 0.34%             | 2030-02-28      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| PERRIGO FIN. UNLIMITE STP | PERRIGO FIN. UNLIMITE STP | CUSIP: 71429MAC9<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |    340000 | PA      | $306932.33    | 0.01%             | 2030-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CARVANA CO PIK            | CARVANA CO PIK            | CUSIP: 146869AM4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   1608137 | PA      | $1738884.97   | 0.08%             | 2031-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| CARVANA CO PIK            | CARVANA CO PIK            | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   1174203 | PA      | $1221468.19   | 0.06%             | 2030-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| BARCLAYS PLC F2V          | BARCLAYS PLC F2V          | CUSIP: 06738ECN3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1635000 | PA      | $1783384.43   | 0.09%             | 2049-12-31      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| EG GBL. FIN. PLC 12.00%   | EG GBL. FIN. PLC 12.00%   | CUSIP: 28228PAC5<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |   5286000 | PA      | $5655766.27   | 0.27%             | 2028-11-30      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| DELEK LOGISTICS PA 8.625% | DELEK LOGISTICS PA 8.625% | CUSIP: 24665FAD4<br>LEI: 549300UVYITDIU51P724 | Long             | DBT              | CORP              | US        |   5690000 | PA      | $5887834.76   | 0.28%             | 2029-03-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALT 9.75% | CHS/COMMUNITY HEALT 9.75% | CUSIP: 12543DBQ2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   5550000 | PA      | $5760168.07   | 0.28%             | 2034-01-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| KODIAK GAS SERVS. L 6.50% | KODIAK GAS SERVS. L 6.50% | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |   1855000 | PA      | $1875037.71   | 0.09%             | 2033-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| DREAM FINDERS HOME 6.875% | DREAM FINDERS HOME 6.875% | CUSIP: 26154DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2465000 | PA      | $2358474.78   | 0.11%             | 2030-09-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ILLUMINATE BUYER LL 9.00% | ILLUMINATE BUYER LL 9.00% | CUSIP: 45232TAA9<br>LEI: 549300K1Y0YC1YC1H809 | Long             | DBT              | CORP              | US        |    851000 | PA      | $851687.61    | 0.04%             | 2028-07-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I 7.50% | HARVEST MIDSTREAM I 7.50% | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2776677.75   | 0.13%             | 2028-09-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| STANDARD INDS. INC 3.375% | STANDARD INDS. INC 3.375% | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   2770000 | PA      | $2482935.21   | 0.12%             | 2031-01-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| CAYENNE AVIA PREF UNITS   | CAYENNE AVIA PREF UNITS   | CUSIP: 461UNT248<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15725 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BANCO BILBAO VIZCAYA F2V  | BANCO BILBAO VIZCAYA F2V  | CUSIP: 05946KAM3<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   3775000 | PA      | $4078438.28   | 0.20%             | 2049-12-31      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| VENTURE GBL. LNG IN 9.50% | VENTURE GBL. LNG IN 9.50% | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |  13525000 | PA      | $14624506.76  | 0.70%             | 2029-02-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| SMYRNA READY MIX C 8.875% | SMYRNA READY MIX C 8.875% | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |   3470000 | PA      | $3578264.00   | 0.17%             | 2031-11-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| SOCIETE GENERALE SA F2V   | SOCIETE GENERALE SA F2V   | CUSIP: 83371GAA9<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   3110000 | PA      | $3359112.90   | 0.16%             | 2049-12-31      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| ARDAGH HLDGS. SA          | ARDAGH HLDGS. SA          | CUSIP: 985923101<br>LEI: 549300SO59UL53O4D221 | Long             | EC               | CORP              | LU        |     92505 | NS      | $685476.39    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL 4.95%    | PARAMOUNT GLOBAL 4.95%    | CUSIP: 92556HAB3<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   2280000 | PA      | $2111994.21   | 0.10%             | 2031-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| VIASAT INC 6.50%          | VIASAT INC 6.50%          | CUSIP: 92552VAN0<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |   1106000 | PA      | $1092832.19   | 0.05%             | 2028-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| KEN GARFF AUTOMOTI 4.875% | KEN GARFF AUTOMOTI 4.875% | CUSIP: 48850PAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5150000 | PA      | $5059060.79   | 0.24%             | 2028-09-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| NI US GOV T PORTFOLIO     | NI US GOV T PORTFOLIO     | CUSIP: 665278404<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |  71222445 | NS      | $71222445.44  | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| LIFEPOINT HEALTH I 9.875% | LIFEPOINT HEALTH I 9.875% | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |   3960000 | PA      | $4187747.52   | 0.20%             | 2030-08-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| HILCORP ENERGY I L 8.375% | HILCORP ENERGY I L 8.375% | CUSIP: 431318BC7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |   1515000 | PA      | $1580647.98   | 0.08%             | 2033-11-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| UNITED STATES TSY. 0.00%  | UNITED STATES TSY. 0.00%  | CUSIP: 912797SP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1206000 | PA      | $1201607.15   | 0.06%             | 2026-05-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS. LLC / CC 4.25% | CCO HLDGS. LLC / CC 4.25% | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9775000 | PA      | $8909468.72   | 0.43%             | 2031-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| VMED O2 UK FINC. I 4.25%  | VMED O2 UK FINC. I 4.25%  | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   5250000 | PA      | $4508905.28   | 0.22%             | 2031-01-31      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| BATH & BODY WORKS 6.625%  | BATH & BODY WORKS 6.625%  | CUSIP: 501797AW4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   4160000 | PA      | $4199195.52   | 0.20%             | 2030-10-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| MAXIM CRANE WORKS 11.50%  | MAXIM CRANE WORKS 11.50%  | CUSIP: 57779EAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6550000 | PA      | $6825237.55   | 0.33%             | 2028-09-01      | Fixed         | 11.50%                | Yes           |                  2 | On Loan: No      |
| CITGO PETROLEUM CO 8.375% | CITGO PETROLEUM CO 8.375% | CUSIP: 17302XAN6<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2839881.00   | 0.14%             | 2029-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| NCR ATLEOS CORP 9.50%     | NCR ATLEOS CORP 9.50%     | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |  10984000 | PA      | $11757738.88  | 0.56%             | 2029-04-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| TRANSOCEAN AQUILA L 8.00% | TRANSOCEAN AQUILA L 8.00% | CUSIP: 893790AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1496769 | PA      | $1531884.95   | 0.07%             | 2028-09-30      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| ARETEC GRP. INC 10.00%    | ARETEC GRP. INC 10.00%    | CUSIP: 04020JAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2884000 | PA      | $3063282.99   | 0.15%             | 2030-08-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| GOEASY LTD 9.25%          | GOEASY LTD 9.25%          | CUSIP: 380355AH0<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |   4105000 | PA      | $3818101.34   | 0.18%             | 2028-12-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| INFRABUILD AUSTRAL 14.50% | INFRABUILD AUSTRAL 14.50% | CUSIP: 45682RAC4<br>LEI: 549300W2CPB5W6GFH859 | Long             | DBT              | CORP              | AU        |   3334000 | PA      | $3561963.42   | 0.17%             | 2028-11-15      | Fixed         | 14.50%                | Yes           |                  2 | On Loan: No      |
| AAR ESCROW ISSUER L 6.75% | AAR ESCROW ISSUER L 6.75% | CUSIP: 00253PAA6<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |   5290000 | PA      | $5384172.58   | 0.26%             |  |  |  | Yes           |                  2 | On Loan: No      |
| USA COMPRESSION PA 7.125% | USA COMPRESSION PA 7.125% | CUSIP: 91740PAG3<br>LEI: 5493000B1PEOKXRZEO65 | Long             | DBT              | CORP              | US        |   4485000 | PA      | $4588945.12   | 0.22%             | 2029-03-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| COREWEAVE INC 9.00%       | COREWEAVE INC 9.00%       | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    640000 | PA      | $608972.10    | 0.03%             | 2031-02-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| ALLEN MEDIA LLC / 10.50%  | ALLEN MEDIA LLC / 10.50%  | CUSIP: 01771YAA8<br>LEI: 549300ERNJNM4RN5JP79 | Long             | DBT              | CORP              | US        |  11835000 | PA      | $4793293.35   | 0.23%             | 2028-02-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CO 9.625%      | FORD MOTOR CO 9.625%      | CUSIP: 345370CX6<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   1165000 | PA      | $1325029.82   | 0.06%             | 2030-04-22      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| ANAGRAM INTL. / ANAGR PIK | ANAGRAM INTL. / ANAGR PIK | CUSIP: 03254TAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2819402 | PA      | $0.00         | 0.00%             | 2026-08-15      | Fixed         | 10.00%                | Yes           |                  3 | On Loan: No      |
| STAR PARENT INC 9.00%     | STAR PARENT INC 9.00%     | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |   5206000 | PA      | $5393421.21   | 0.26%             | 2030-10-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS 7.375% | ADVANCE AUTO PARTS 7.375% | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |   3445000 | PA      | $3489096.00   | 0.17%             | 2033-08-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC 6.75%       | TRANSDIGM INC 6.75%       | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1345000 | PA      | $1362626.23   | 0.07%             | 2034-01-31      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| MACY S RET. HLDGS. 4.50%  | MACY S RET. HLDGS. 4.50%  | CUSIP: 55616XAM9<br>LEI: 549300JMONK27O4SQQ19 | Long             | DBT              | CORP              | US        |   4700000 | PA      | $4007086.19   | 0.19%             | 2034-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CENTURY COMMUNITIE 6.625% | CENTURY COMMUNITIE 6.625% | CUSIP: 156504AN2<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |   1370000 | PA      | $1342114.75   | 0.06%             | 2033-09-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA F2V    | CREDIT AGRICOLE SA F2V    | CUSIP: 225313AT2<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   2490000 | PA      | $2513565.36   | 0.12%             | 2049-12-31      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| CSC HLDGS. LLC 4.625%     | CSC HLDGS. LLC 4.625%     | CUSIP: 126307BD8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   3735000 | PA      | $1317959.74   | 0.06%             | 2030-12-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| TK ELEVATOR US NEWC 5.25% | TK ELEVATOR US NEWC 5.25% | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |    203000 | PA      | $202469.36    | 0.01%             | 2027-07-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| VT TOPCO INC 8.50%        | VT TOPCO INC 8.50%        | CUSIP: 91838PAA9<br>LEI: 5493007T812R37X02Y38 | Long             | DBT              | CORP              | US        |   7505000 | PA      | $7630333.50   | 0.37%             | 2030-08-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| FREEDOM MTGE. CORP 12.25% | FREEDOM MTGE. CORP 12.25% | CUSIP: 35640YAL1<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |   4530000 | PA      | $4887743.16   | 0.23%             | 2030-10-01      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| APLD COMPUTECO LLC 9.25%  | APLD COMPUTECO LLC 9.25%  | CUSIP: 00202DAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2833385.50   | 0.14%             | 2030-12-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| COMMERCIAL METALS C 6.00% | COMMERCIAL METALS C 6.00% | CUSIP: 201723AV5<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |   1780000 | PA      | $1754804.99   | 0.08%             | 2035-12-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ZAYO GRP. HLDGS. INC PIK  | ZAYO GRP. HLDGS. INC PIK  | CUSIP: 98919VAD7<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |   3430825 | PA      | $3204321.93   | 0.15%             | 2030-09-09      | Variable      | 13.75%                | Yes           |                  2 | On Loan: No      |
| SYNERGY INFRA. HLD 7.875% | SYNERGY INFRA. HLD 7.875% | CUSIP: 87191JAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3755000 | PA      | $3827557.87   | 0.18%             | 2030-12-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| POST HLDGS. INC 6.50%     | POST HLDGS. INC 6.50%     | CUSIP: 737446AY0<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   4040000 | PA      | $3956456.44   | 0.19%             | 2036-03-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CROSSCOUNTRY INTERM 6.75% | CROSSCOUNTRY INTERM 6.75% | CUSIP: 22757VAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2810000 | PA      | $2644070.91   | 0.13%             | 2032-12-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC 7.125%      | TRANSDIGM INC 7.125%      | CUSIP: 893647BT3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1125050.04   | 0.05%             | 2031-12-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| CNX RES. CORP 7.25%       | CNX RES. CORP 7.25%       | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |   3397000 | PA      | $3500459.03   | 0.17%             | 2032-03-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| SESI LLC 7.875%           | SESI LLC 7.875%           | CUSIP: 78412FAX2<br>LEI: XDZ56K6RXS5J1ESBZS35 | Long             | DBT              | CORP              | US        |   2215000 | PA      | $2258662.08   | 0.11%             | 2030-09-30      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP 4.50%           | SUNOCO LP 4.50%           | CUSIP: 86765KAJ8<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1062910.64   | 0.05%             | 2029-10-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| COMMERCIAL METALS C 5.75% | COMMERCIAL METALS C 5.75% | CUSIP: 201723AS2<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |   1420000 | PA      | $1405070.83   | 0.07%             | 2033-11-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| FXI HLDGS. INC PIK        | FXI HLDGS. INC PIK        | CUSIP: 36120RAJ8<br>LEI: 549300VLKCUZW3MSVS50 | Long             | DBT              | CORP              | US        |   2919538 | PA      | $1518159.76   | 0.07%             | 2029-11-15      | Fixed         | 14.00%                | Yes           |                  2 | On Loan: No      |
| GRUBHUB HLDGS. INC PIK    | GRUBHUB HLDGS. INC PIK    | CUSIP: 40010PAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1529824 | PA      | $1202982.30   | 0.06%             | 2030-07-31      | Fixed         | 13.00%                | Yes           |                  2 | On Loan: No      |
| EF HOLDCO / EF CAY 7.375% | EF HOLDCO / EF CAY 7.375% | CUSIP: 31574BAA4<br>LEI: 5493001B24G0P4YVJ571 | Long             | DBT              | CORP              | US        |   2460000 | PA      | $2368923.67   | 0.11%             | 2030-09-30      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| GARDA WORLD SEC. CO 6.50% | GARDA WORLD SEC. CO 6.50% | CUSIP: 36485MAQ2<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   1530000 | PA      | $1551201.21   | 0.07%             | 2031-01-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SERVICE PROPS. TRUS 0.00% | SERVICE PROPS. TRUS 0.00% | CUSIP: 81761LAF9<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    290000 | PA      | $263840.63    | 0.01%             | 2027-09-30      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS 7.00%  | ADVANCE AUTO PARTS 7.00%  | CUSIP: 00751YAK2<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |   2230000 | PA      | $2259094.43   | 0.11%             | 2030-08-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| NORDEA BANK ABP F2V       | NORDEA BANK ABP F2V       | CUSIP: 65558RAQ2<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   2280000 | PA      | $2273514.77   | 0.11%             | 2049-12-31      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP F2V             | SUNOCO LP F2V             | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   3040000 | PA      | $3103919.04   | 0.15%             | 2049-12-31      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| KODIAK GAS SERVS. L 6.75% | KODIAK GAS SERVS. L 6.75% | CUSIP: 50012LAE4<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |   1695000 | PA      | $1721970.84   | 0.08%             | 2035-10-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| VIRTUSA CORP 7.125%       | VIRTUSA CORP 7.125%       | CUSIP: 92837TAA0<br>LEI: C77OMXDER63WLJCSKT03 | Long             | DBT              | CORP              | US        |   2605000 | PA      | $2006188.39   | 0.10%             | 2028-12-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL PARTNERS LP 6.875% | GLOBAL PARTNERS LP 6.875% | CUSIP: 37954FAJ3<br>LEI: 549300PCHWTW9P4DU444 | Long             | DBT              | CORP              | US        |   3565000 | PA      | $3567659.49   | 0.17%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS. LLC / CC 4.50% | CCO HLDGS. LLC / CC 4.50% | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9655000 | PA      | $8405869.89   | 0.40%             | 2033-06-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| ITT HLDGS. LLC 6.50%      | ITT HLDGS. LLC 6.50%      | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |   7600000 | PA      | $7389770.32   | 0.35%             | 2029-08-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ADT SEC. CORP/THE 4.125%  | ADT SEC. CORP/THE 4.125%  | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |   3230000 | PA      | $3085777.66   | 0.15%             | 2029-08-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| COINBASE GBL. INC 3.625%  | COINBASE GBL. INC 3.625%  | CUSIP: 19260QAD9<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   5930000 | PA      | $5011750.06   | 0.24%             | 2031-10-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| HEALTHEQUITY INC 4.50%    | HEALTHEQUITY INC 4.50%    | CUSIP: 42226AAA5<br>LEI: 529900LRJU1RAFQHM467 | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3047583.74   | 0.15%             | 2029-10-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| SCIENTIFIC GAMES H 6.625% | SCIENTIFIC GAMES H 6.625% | CUSIP: 80874DAA4<br>LEI: 549300W5GPFXXB6TQ330 | Long             | DBT              | CORP              | US        |   2520000 | PA      | $2167885.69   | 0.10%             | 2030-03-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| MCAFEE CORP 7.375%        | MCAFEE CORP 7.375%        | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |  10954000 | PA      | $9050099.50   | 0.43%             | 2030-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| GGAM FIN. LTD 8.00%       | GGAM FIN. LTD 8.00%       | CUSIP: 36170JAC0<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |   3300000 | PA      | $3330360.00   | 0.16%             | 2027-02-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| LGI HOMES INC 8.75%       | LGI HOMES INC 8.75%       | CUSIP: 50187TAH9<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |   2345000 | PA      | $2399244.54   | 0.12%             | 2028-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| PERMIAN RES. OPERAT 8.00% | PERMIAN RES. OPERAT 8.00% | CUSIP: 27034RAA1<br>LEI: 549300HGVO86L8G72J25 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4503837.20   | 0.22%             | 2027-04-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| GENESIS ENERGY LP / 8.25% | GENESIS ENERGY LP / 8.25% | CUSIP: 37185LAP7<br>LEI: 549300VJ5D6MDK138782 | Long             | DBT              | CORP              | US        |   5410000 | PA      | $5590131.36   | 0.27%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRON. INC 6.75%    | GFL ENVIRON. INC 6.75%    | CUSIP: 36168QAQ7<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |   5605000 | PA      | $5800207.30   | 0.28%             | 2031-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SABRE GLBL INC 11.125%    | SABRE GLBL INC 11.125%    | CUSIP: 78573NAM4<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |   6165000 | PA      | $5232605.40   | 0.25%             | 2030-07-15      | Fixed         | 11.12%                | Yes           |                  2 | On Loan: No      |
| BEACON MOBILITY COR 7.25% | BEACON MOBILITY COR 7.25% | CUSIP: 073644AA4<br>LEI: 254900EBTYFG24UQEM31 | Long             | DBT              | CORP              | US        |   3680000 | PA      | $3801314.88   | 0.18%             | 2030-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| USA COMPRESSION PAR 6.25% | USA COMPRESSION PAR 6.25% | CUSIP: 91740PAH1<br>LEI: 5493000B1PEOKXRZEO65 | Long             | DBT              | CORP              | US        |    515000 | PA      | $513380.33    | 0.02%             | 2033-10-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TALLGRASS ENERGY P 7.375% | TALLGRASS ENERGY P 7.375% | CUSIP: 87470LAL5<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |   3815000 | PA      | $3924631.66   | 0.19%             | 2029-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| FIESTA PURCHASER I 7.875% | FIESTA PURCHASER I 7.875% | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8465000 | PA      | $8617903.30   | 0.41%             | 2031-03-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| BEASLEY MEZZANINE H 9.20% | BEASLEY MEZZANINE H 9.20% | CUSIP: 07403VAB5<br>LEI: 549300VK8LJV1TK18D38 | Long             | DBT              | CORP              | US        |   5830000 | PA      | $2157100.00   | 0.10%             | 2028-08-01      | Fixed         | 9.20%                 | Yes           |                  2 | On Loan: No      |
| BCPE FLAVOR DEBT ME 9.50% | BCPE FLAVOR DEBT ME 9.50% | CUSIP: 072933AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    580000 | PA      | $525953.74    | 0.03%             | 2032-07-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| CRESCENT ENERGY FI 8.375% | CRESCENT ENERGY FI 8.375% | CUSIP: 45344LAG8<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |   2940000 | PA      | $3073476.00   | 0.15%             | 2034-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| SAKS GBL. ENTS. LL 11.00% | SAKS GBL. ENTS. LL 11.00% | CUSIP: 79380MAD7<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |    985000 | PA      | $9850.00      | 0.00%             | 2029-12-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC 5.625%  | NEXSTAR MEDIA INC 5.625%  | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   4005000 | PA      | $4003095.22   | 0.19%             | 2027-07-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| FORTESCUE TSY. PTY 4.375% | FORTESCUE TSY. PTY 4.375% | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |   7040000 | PA      | $6651705.28   | 0.32%             | 2031-04-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUB 5.25% | GOODYEAR TIRE & RUB 5.25% | CUSIP: 382550BJ9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |   2645000 | PA      | $2386032.28   | 0.11%             | 2031-04-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ORGANON / ORGANON 5.125%  | ORGANON / ORGANON 5.125%  | CUSIP: 68622TAB7<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |   6455000 | PA      | $5260759.80   | 0.25%             | 2031-04-30      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| BOYNE USA INC 4.75%       | BOYNE USA INC 4.75%       | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5070000 | PA      | $4917881.24   | 0.24%             | 2029-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEAL 6.125% | CHS/COMMUNITY HEAL 6.125% | CUSIP: 12543DBL3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   2870000 | PA      | $2495363.40   | 0.12%             | 2030-04-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| PBF HLDG. CO LLC / 6.00%  | PBF HLDG. CO LLC / 6.00%  | CUSIP: 69318FAJ7<br>LEI: 549300TILVIIV9FLL461 | Long             | DBT              | CORP              | US        |   6343000 | PA      | $6314154.57   | 0.30%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NABORS INDS. INC 9.125%   | NABORS INDS. INC 9.125%   | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |   1355000 | PA      | $1422737.81   | 0.07%             | 2030-01-31      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| VICTORIA S SECRET 4.625%  | VICTORIA S SECRET 4.625%  | CUSIP: 926400AA0<br>LEI: 5493006T3O70U3UWVF17 | Long             | DBT              | CORP              | US        |   3385000 | PA      | $3225847.12   | 0.15%             | 2029-07-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| FIRST STUDENT BIDCO 4.00% | FIRST STUDENT BIDCO 4.00% | CUSIP: 337120AA7<br>LEI: 254900JEIMV6G5O1PB08 | Long             | DBT              | CORP              | US        |   5385000 | PA      | $5154317.37   | 0.25%             | 2029-07-31      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS. LLC / CC 4.25% | CCO HLDGS. LLC / CC 4.25% | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5811000 | PA      | $4971273.31   | 0.24%             | 2034-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| JEFFERIES FIN. LLC 5.00%  | JEFFERIES FIN. LLC 5.00%  | CUSIP: 47232MAF9<br>LEI: 549300SKVB18YSSIDT75 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2562619.68   | 0.12%             | 2028-08-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| ALBION FINC. 1 SARL 7.00% | ALBION FINC. 1 SARL 7.00% | CUSIP: 01330AAA4<br>LEI: 259400W9CABUZBRDLP97 | Long             | DBT              | CORP              | LU        |   2940000 | PA      | $3004788.78   | 0.14%             | 2030-05-21      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL PARTNERS LP 7.125% | GLOBAL PARTNERS LP 7.125% | CUSIP: 37954FAL8<br>LEI: 549300PCHWTW9P4DU444 | Long             | DBT              | CORP              | US        |   1480000 | PA      | $1492081.24   | 0.07%             | 2033-07-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| DIRECTV FINC. LLC 5.875%  | DIRECTV FINC. LLC 5.875%  | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3889000 | PA      | $3884901.77   | 0.19%             | 2027-08-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| BROOKFIELD PROP. RE 4.50% | BROOKFIELD PROP. RE 4.50% | CUSIP: 11284DAC9<br>LEI: 549300K1JD1LDRNBET48 | Long             | DBT              | CORP              | US        |   3503000 | PA      | $3435998.47   | 0.16%             | 2027-04-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| JACOBS ENTERTAINMEN 6.75% | JACOBS ENTERTAINMEN 6.75% | CUSIP: 469815AK0<br>LEI: 5493004U9JIWY3HSUO63 | Long             | DBT              | CORP              | US        |   3915000 | PA      | $3660525.00   | 0.18%             | 2029-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CHART INDS. INC 7.50%     | CHART INDS. INC 7.50%     | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |   6050000 | PA      | $6285387.35   | 0.30%             | 2030-01-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAINME 7.00% | CAESARS ENTERTAINME 7.00% | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   3630000 | PA      | $3674830.50   | 0.18%             | 2030-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| FREEDOM MTGE. HLDGS 9.25% | FREEDOM MTGE. HLDGS 9.25% | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   3175000 | PA      | $3218148.25   | 0.15%             | 2029-02-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AXLE & MF 6.875% | AMERICAN AXLE & MF 6.875% | CUSIP: 02406PBA7<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |   4182000 | PA      | $4176751.59   | 0.20%             | 2028-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINC. INC 4.25%   | LEVEL 3 FINC. INC 4.25%   | CUSIP: 527298BR3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   9651000 | PA      | $9312095.00   | 0.45%             | 2028-07-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| NEW HOME CO INC/THE 8.50% | NEW HOME CO INC/THE 8.50% | CUSIP: 645370AG2<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |   6200000 | PA      | $6062492.06   | 0.29%             | 2030-11-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| LBM ACQUISITION LLC 9.50% | LBM ACQUISITION LLC 9.50% | CUSIP: 52109SAB5<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |   3735000 | PA      | $3251118.05   | 0.16%             | 2031-06-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| SAKS GBL. ENTS. LL 11.00% | SAKS GBL. ENTS. LL 11.00% | CUSIP: 79380MAC9<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |   2705000 | PA      | $3381.25      | 0.00%             | 2029-12-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| DISH DBS CORP 7.75%       | DISH DBS CORP 7.75%       | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9005000 | PA      | $8961525.66   | 0.43%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP 5.00%        | NAVIENT CORP 5.00%        | CUSIP: 63938CAK4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   8600000 | PA      | $8406198.14   | 0.40%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES I 5.50% | AMERICAN AIRLINES I 5.50% | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    596250 | PA      | $596476.63    | 0.03%             | 2026-04-20      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| PATTERN ENERGY OPER 4.50% | PATTERN ENERGY OPER 4.50% | CUSIP: 70339PAA7<br>LEI: 254900P898KPCM50SP51 | Long             | DBT              | CORP              | US        |   2675000 | PA      | $2612015.25   | 0.13%             | 2028-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| VOYAGER AVIATION UNITS    | VOYAGER AVIATION UNITS    | CUSIP: 461UNT123<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2621 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TALOS PRODUCTION IN 9.00% | TALOS PRODUCTION IN 9.00% | CUSIP: 87485LAD6<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |    790000 | PA      | $822321.27    | 0.04%             | 2029-02-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| CALIFORNIA BUYER / 6.375% | CALIFORNIA BUYER / 6.375% | CUSIP: 13005HAA8<br>LEI: 254900V5SMQ1UP1CLC26 | Long             | DBT              | CORP              | GB        |   3540000 | PA      | $3458843.38   | 0.17%             | 2032-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ECHOSTAR CORP 10.75%      | ECHOSTAR CORP 10.75%      | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |  13320000 | PA      | $14388940.26  | 0.69%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| TIDEWATER INC 9.125%      | TIDEWATER INC 9.125%      | CUSIP: 88642RAE9<br>LEI: 2549000JA5GRUPLMUH98 | Long             | DBT              | CORP              | US        |   2040000 | PA      | $2173277.28   | 0.10%             | 2030-07-15      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| AMC NETWORKS INC 10.50%   | AMC NETWORKS INC 10.50%   | CUSIP: 00164VAK9<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |   3410000 | PA      | $3365411.18   | 0.16%             | 2032-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMS. I 9.375% | UNIVISION COMMS. I 9.375% | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    315000 | PA      | $324643.78    | 0.02%             | 2032-08-01      | Fixed         | 9.38%                 | Yes           |                  1 | On Loan: No      |
| AECOM 6.00%               | AECOM 6.00%               | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |   3045000 | PA      | $3041654.46   | 0.15%             | 2033-08-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| PAGAYA US HLDGS. C 8.875% | PAGAYA US HLDGS. C 8.875% | CUSIP: 69549FAC3<br>LEI: 254900M9VGE3HM0OYH17 | Long             | DBT              | CORP              | US        |   8870000 | PA      | $6349546.04   | 0.30%             | 2030-08-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| OAK-EAGLE ACQUIRECO 8.75% | OAK-EAGLE ACQUIRECO 8.75% | CUSIP: 67124CAB9<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |   4165000 | PA      | $4360303.81   | 0.21%             | 2034-07-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| NRG ENERGY INC 5.75%      | NRG ENERGY INC 5.75%      | CUSIP: 629377CE0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   7440000 | PA      | $7453866.82   | 0.36%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS 5.625%  | VISTRA OPERATIONS 5.625%  | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   5420000 | PA      | $5419995.66   | 0.26%             | 2027-02-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| MELCO RESORTS FIN. 5.625% | MELCO RESORTS FIN. 5.625% | CUSIP: 58547DAC3<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |   6475000 | PA      | $6382911.97   | 0.31%             | 2027-07-17      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| TMS INTL. CORP/DE 6.25%   | TMS INTL. CORP/DE 6.25%   | CUSIP: 87261QAC7<br>LEI: 549300L4K0F1YF8WKF23 | Long             | DBT              | CORP              | US        |   2130000 | PA      | $2055450.00   | 0.10%             | 2029-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| MIDCAP FINL. ISSUER 6.50% | MIDCAP FINL. ISSUER 6.50% | CUSIP: 59567LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4615000 | PA      | $4478322.62   | 0.21%             | 2028-05-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ALLY FINL. INC F2V        | ALLY FINL. INC F2V        | CUSIP: 02005NBN9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1490000 | PA      | $1383176.39   | 0.07%             | 2049-12-31      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINC. I 4.75%  | VMED O2 UK FINC. I 4.75%  | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   4740000 | PA      | $4078136.17   | 0.20%             | 2031-07-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| ADAPTHEALTH LLC 5.125%    | ADAPTHEALTH LLC 5.125%    | CUSIP: 00653VAE1<br>LEI: 549300SN58QQ28RVWE26 | Long             | DBT              | CORP              | US        |   7035000 | PA      | $6740388.27   | 0.32%             | 2030-03-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| IIP OPERATING P/SHI 5.50% | IIP OPERATING P/SHI 5.50% | CUSIP: 44988FAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5130000 | PA      | $5067575.75   | 0.24%             | 2026-05-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP 5.25% | MEDLINE BORROWER LP 5.25% | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   5060000 | PA      | $5015438.10   | 0.24%             | 2029-10-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| CONSOLIDATED ENERG 5.625% | CONSOLIDATED ENERG 5.625% | CUSIP: 20914UAF3<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |   6655000 | PA      | $6197468.75   | 0.30%             | 2028-10-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| MAGNERA CORP 4.75%        | MAGNERA CORP 4.75%        | CUSIP: 377320AA4<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |   6732000 | PA      | $6077416.00   | 0.29%             | 2029-11-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| ARMOR HOLDCO INC 8.50%    | ARMOR HOLDCO INC 8.50%    | CUSIP: 04625PAA9<br>LEI: 254900X6HLK0YPTHHF09 | Long             | DBT              | CORP              | US        |   4075000 | PA      | $3721380.47   | 0.18%             | 2029-11-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| MADISON IAQ LLC 5.875%    | MADISON IAQ LLC 5.875%    | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |   3020000 | PA      | $2961591.99   | 0.14%             | 2029-06-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC 6.375%      | TRANSDIGM INC 6.375%      | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   8655000 | PA      | $8608854.14   | 0.41%             | 2033-05-31      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CIVITAS RES. INC 9.625%   | CIVITAS RES. INC 9.625%   | CUSIP: 17888HAD5<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   3430000 | PA      | $3789193.03   | 0.18%             | 2033-06-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| LUNA 1.5 SARL PIK         | LUNA 1.5 SARL PIK         | CUSIP: 550356AA7<br>LEI: 64884UZ60Y77J5XK5C41 | Long             | DBT              | CORP              | LU        |   6085000 | PA      | $6375109.92   | 0.31%             | 2032-07-01      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| CLYDESDALE ACQUISIT 8.75% | CLYDESDALE ACQUISIT 8.75% | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   2940000 | PA      | $2743237.27   | 0.13%             | 2030-04-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| BURFORD CAP. GBL. 6.875%  | BURFORD CAP. GBL. 6.875%  | CUSIP: 12116LAC3<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |   7929000 | PA      | $6998690.43   | 0.34%             | 2030-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CENTRAL PARENT / CD 7.25% | CENTRAL PARENT / CD 7.25% | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2610000 | PA      | $1878450.67   | 0.09%             | 2029-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| KB HOME 7.25%             | KB HOME 7.25%             | CUSIP: 48666KBA6<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |   3965000 | PA      | $4038776.76   | 0.19%             | 2030-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CHART INDS. INC 9.50%     | CHART INDS. INC 9.50%     | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |   2865000 | PA      | $3009668.18   | 0.14%             | 2031-01-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| TRINITY INDS. INC 7.75%   | TRINITY INDS. INC 7.75%   | CUSIP: 896522AJ8<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | DBT              | CORP              | US        |   4942000 | PA      | $5065718.03   | 0.24%             | 2028-07-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| SEADRILL FIN. LTD 8.375%  | SEADRILL FIN. LTD 8.375%  | CUSIP: 81172QAA2<br>LEI: 213800WMN3OHFUDHD642 | Long             | DBT              | CORP              | BM        |   5355000 | PA      | $5537943.72   | 0.27%             | 2030-08-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| TALOS PRODUCTION I 9.375% | TALOS PRODUCTION I 9.375% | CUSIP: 87485LAE4<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |   4910000 | PA      | $5203406.87   | 0.25%             | 2031-02-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| LEVEL 3 FINC. INC 7.00%   | LEVEL 3 FINC. INC 7.00%   | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   3090000 | PA      | $3162880.40   | 0.15%             | 2034-03-31      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| TRAVEL + LEISURE C 6.125% | TRAVEL + LEISURE C 6.125% | CUSIP: 894164AC6<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |   4035000 | PA      | $3982543.39   | 0.19%             | 2033-09-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| NGL ENERGY OPERATI 8.375% | NGL ENERGY OPERATI 8.375% | CUSIP: 62922LAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6263000 | PA      | $6454297.07   | 0.31%             | 2032-02-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| UKG INC 6.875%            | UKG INC 6.875%            | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |   7825000 | PA      | $7647493.24   | 0.37%             | 2031-02-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| JEFFERSON CAP. HLDG 9.50% | JEFFERSON CAP. HLDG 9.50% | CUSIP: 472481AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3060000 | PA      | $3210579.54   | 0.15%             | 2029-02-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| NRG ENERGY INC 6.25%      | NRG ENERGY INC 6.25%      | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   6240000 | PA      | $6289746.47   | 0.30%             | 2034-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| GOEASY LTD 6.875%         | GOEASY LTD 6.875%         | CUSIP: 380355AM9<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |   5976000 | PA      | $4952319.92   | 0.24%             | 2030-05-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ICAHN ENTS. LP / IC 9.00% | ICAHN ENTS. LP / IC 9.00% | CUSIP: 451102CJ4<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |   3320000 | PA      | $3113513.60   | 0.15%             | 2030-06-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC 5.75%      | NRG ENERGY INC 5.75%      | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4243646.25   | 0.20%             | 2029-07-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| DISCOVERY GBL. HLD 4.279% | DISCOVERY GBL. HLD 4.279% | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   4125000 | PA      | $3650625.00   | 0.18%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| PHOENIX AVIATION CA 9.25% | PHOENIX AVIATION CA 9.25% | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | KY        |   5300000 | PA      | $5333337.00   | 0.26%             | 2030-07-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GBL. PLAQUE 6.75% | VENTURE GBL. PLAQUE 6.75% | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   3800000 | PA      | $4024777.60   | 0.19%             | 2036-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC 6.875%      | TRANSDIGM INC 6.875%      | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   3555000 | PA      | $3642623.64   | 0.17%             | 2030-12-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CIVITAS RES. INC 8.625%   | CIVITAS RES. INC 8.625%   | CUSIP: 17888HAC7<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   2830000 | PA      | $2985893.38   | 0.14%             | 2030-11-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| GRAY MEDIA INC 9.625%     | GRAY MEDIA INC 9.625%     | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   2050000 | PA      | $2049869.83   | 0.10%             | 2032-07-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| OSAIC HLDGS. INC 6.75%    | OSAIC HLDGS. INC 6.75%    | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    460000 | PA      | $460057.45    | 0.02%             | 2032-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| OSAIC HLDGS. INC 8.00%    | OSAIC HLDGS. INC 8.00%    | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |   1875000 | PA      | $1851004.22   | 0.09%             | 2033-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| INVERSION ESCROW IS 6.75% | INVERSION ESCROW IS 6.75% | CUSIP: 46150DAA0<br>LEI: 254900P6GHORGRVLKI95 | Long             | EC               | CORP              | US        |   6345000 | PA      | $6042493.24   | 0.29%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SNAP INC 6.875%           | SNAP INC 6.875%           | CUSIP: 83304AAM8<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1834109.16   | 0.09%             | 2034-03-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ARD FIN. SA PIK           | ARD FIN. SA PIK           | CUSIP: 00191AAD8<br>LEI: 6354006P6QPGGPVJW880 | Long             | DBT              | CORP              | LU        |         1 | PA      | $0.01         | 0.00%             | 2027-06-30      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC ULC / NE 4.00% | 1011778 BC ULC / NE 4.00% | CUSIP: 68245XAM1<br>LEI: 549300RHSHNRWI5LLA86 | Long             | DBT              | CORP              | CA        |   4335000 | PA      | $4074575.74   | 0.20%             | 2030-10-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| ACADEMY LTD 6.00%         | ACADEMY LTD 6.00%         | CUSIP: 00401YAA8<br>LEI: 549300BN53IR80C35Z14 | Long             | DBT              | CORP              | US        |   5915000 | PA      | $5919430.34   | 0.28%             | 2027-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| UNITED AIRLINES IN 4.625% | UNITED AIRLINES IN 4.625% | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   6750000 | PA      | $6622586.33   | 0.32%             | 2029-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| ORGANON / ORGANON 4.125%  | ORGANON / ORGANON 4.125%  | CUSIP: 68622TAA9<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |   6060000 | PA      | $5880341.97   | 0.28%             | 2028-04-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| STONEMOR INC 8.50%        | STONEMOR INC 8.50%        | CUSIP: 86184WAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5970000 | PA      | $5821883.70   | 0.28%             | 2029-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| DANA INC 4.25%            | DANA INC 4.25%            | CUSIP: 235825AH9<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |   3389000 | PA      | $3206170.91   | 0.15%             | 2030-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORT 3.75% | UNITED RENTALS NORT 3.75% | CUSIP: 911365BP8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   1505000 | PA      | $1379307.22   | 0.07%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ZF NORTH AMERICA C 7.125% | ZF NORTH AMERICA C 7.125% | CUSIP: 98877DAE5<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   2770000 | PA      | $2731115.02   | 0.13%             | 2030-04-14      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| ENERSYS 6.625%            | ENERSYS 6.625%            | CUSIP: 29275YAF9<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | DBT              | CORP              | US        |   4135000 | PA      | $4224671.61   | 0.20%             | 2032-01-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| HOWDEN UK REFINANC 8.125% | HOWDEN UK REFINANC 8.125% | CUSIP: 44287DAA1<br>LEI: 875500O63ODR8S3K5X33 | Long             | DBT              | CORP              | GB        |   7540000 | PA      | $7064601.49   | 0.34%             | 2032-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| ALLIED UNIVERSAL H 7.875% | ALLIED UNIVERSAL H 7.875% | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |   5085000 | PA      | $5243728.28   | 0.25%             | 2031-02-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| ARDONAGH GRP. FIN. 8.875% | ARDONAGH GRP. FIN. 8.875% | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |  11577000 | PA      | $11342710.12  | 0.54%             | 2032-02-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| ICAHN ENTS. LP / IC 9.75% | ICAHN ENTS. LP / IC 9.75% | CUSIP: 451102CF2<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |   4750000 | PA      | $4669973.90   | 0.22%             | 2029-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ARIS MINING CORP 8.00%    | ARIS MINING CORP 8.00%    | CUSIP: 04040YAB5<br>LEI: 5493001GJ5TILX6L1F82 | Long             | DBT              | CORP              | CA        |   4220000 | PA      | $4369810.00   | 0.21%             | 2029-10-31      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| RAVEN ACQUISITION 6.875%  | RAVEN ACQUISITION 6.875%  | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7311000 | PA      | $7048221.46   | 0.34%             | 2031-11-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| LEVEL 3 FINC. INC 6.875%  | LEVEL 3 FINC. INC 6.875%  | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   3945000 | PA      | $4017276.90   | 0.19%             | 2033-06-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTD 7.125% | CLEAR CHANNEL OUTD 7.125% | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   1780000 | PA      | $1864897.55   | 0.09%             | 2031-02-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP 6.625% | CLOUD SOFTWARE GRP 6.625% | CUSIP: 18912UAG7<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   2075000 | PA      | $1844830.00   | 0.09%             | 2033-08-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| PENNYMAC FINL. SERV 6.75% | PENNYMAC FINL. SERV 6.75% | CUSIP: 70932MAH0<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   2490000 | PA      | $2330237.69   | 0.11%             | 2034-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| BAUSCH HEALTH AMERI 8.50% | BAUSCH HEALTH AMERI 8.50% | CUSIP: 91911XAW4<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |  11270000 | PA      | $11162935.00  | 0.54%             | 2027-01-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| LUMEN TECHS. INC 4.50%    | LUMEN TECHS. INC 4.50%    | CUSIP: 156700BD7<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    500000 | PA      | $469194.61    | 0.02%             | 2029-01-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| SERVICE PROPS. TRUS 5.50% | SERVICE PROPS. TRUS 5.50% | CUSIP: 81761LAB8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   6430000 | PA      | $6438445.23   | 0.31%             | 2027-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALLY FINL. INC F2V        | ALLY FINL. INC F2V        | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   5515000 | PA      | $5463521.89   | 0.26%             | 2049-12-31      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PENN ENTERTAINMENT 4.125% | PENN ENTERTAINMENT 4.125% | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4725000 | PA      | $4418836.07   | 0.21%             | 2029-07-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| JEFFERSON CAP. HLDG 6.00% | JEFFERSON CAP. HLDG 6.00% | CUSIP: 472481AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7115000 | PA      | $7119482.45   | 0.34%             | 2026-08-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ALTICE FINC. SA 5.75%     | ALTICE FINC. SA 5.75%     | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |   2160000 | PA      | $1512142.34   | 0.07%             | 2029-08-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| LSB INDUSTRIES INC 6.25%  | LSB INDUSTRIES INC 6.25%  | CUSIP: 502160AN4<br>LEI: 5493001H215A0HG0MI71 | Long             | DBT              | CORP              | US        |  10335000 | PA      | $10270946.77  | 0.49%             | 2028-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP / SUNOCO 4.50%  | SUNOCO LP / SUNOCO 4.50%  | CUSIP: 86765LAZ0<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1301452.38   | 0.06%             | 2030-04-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JB POINDEXTER INC 8.75%   | JB POINDEXTER INC 8.75%   | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |    450000 | PA      | $456106.50    | 0.02%             | 2031-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| CONSOLIDATED ENERG 12.00% | CONSOLIDATED ENERG 12.00% | CUSIP: 20914UAH9<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |   2635000 | PA      | $2595475.00   | 0.12%             | 2031-02-15      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| DELEK LOGISTICS PA 7.375% | DELEK LOGISTICS PA 7.375% | CUSIP: 24665FAE2<br>LEI: 549300UVYITDIU51P724 | Long             | DBT              | CORP              | US        |   2910000 | PA      | $2934056.97   | 0.14%             | 2033-06-30      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| SEAGATE DATA STORA 3.375% | SEAGATE DATA STORA 3.375% | CUSIP: 81180LAP0<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   2615000 | PA      | $2222750.00   | 0.11%             | 2031-07-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| MPT OPERATING P/SHI 5.00% | MPT OPERATING P/SHI 5.00% | CUSIP: 55342UAH7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |   3430000 | PA      | $3192764.19   | 0.15%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OCEANEERING INTL. I 6.00% | OCEANEERING INTL. I 6.00% | CUSIP: 675232AB8<br>LEI: 549300L6PH74701W0R30 | Long             | DBT              | CORP              | US        |   2615000 | PA      | $2625635.21   | 0.13%             | 2028-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS 4.60%  | SPIRIT AEROSYSTEMS 4.60%  | CUSIP: 85205TAK6<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |   3535000 | PA      | $3535965.06   | 0.17%             | 2028-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| VIASAT INC 5.625%         | VIASAT INC 5.625%         | CUSIP: 92552VAL4<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |   6350000 | PA      | $6307105.12   | 0.30%             | 2027-04-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| MELCO RESORTS FIN. 5.375% | MELCO RESORTS FIN. 5.375% | CUSIP: 58547DAD1<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |   2500000 | PA      | $2401069.38   | 0.12%             | 2029-12-04      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| TELESAT CANADA / T 5.625% | TELESAT CANADA / T 5.625% | CUSIP: 87952VAR7<br>LEI: 5493004V5GLBY6SO5Y34 | Long             | DBT              | CORP              | CA        |   1920000 | PA      | $1526400.00   | 0.07%             | 2026-12-06      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| PARK INTERMEDIATE 4.875%  | PARK INTERMEDIATE 4.875%  | CUSIP: 70052LAC7<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |   2720000 | PA      | $2610917.94   | 0.13%             | 2029-05-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| PENNYMAC FINL. SERV 5.75% | PENNYMAC FINL. SERV 5.75% | CUSIP: 70932MAC1<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   1545000 | PA      | $1429476.64   | 0.07%             | 2031-09-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL NET LEASE IN 4.50% | GLOBAL NET LEASE IN 4.50% | CUSIP: 02608AAA7<br>LEI: 549300NUYANCT5SU8Z65 | Long             | DBT              | CORP              | US        |   5390000 | PA      | $5222818.37   | 0.25%             | 2028-09-30      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| DISH NETWORK CORP 11.75%  | DISH NETWORK CORP 11.75%  | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   2380000 | PA      | $2451983.10   | 0.12%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES I 7.25% | AMERICAN AIRLINES I 7.25% | CUSIP: 023771T32<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1840000 | PA      | $1850475.76   | 0.09%             | 2028-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| NOBLE FIN. II LLC 8.00%   | NOBLE FIN. II LLC 8.00%   | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1801776.74   | 0.09%             | 2030-04-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| ONEMAIN FIN. CORP 6.50%   | ONEMAIN FIN. CORP 6.50%   | CUSIP: 682691AM2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   4328000 | PA      | $4137247.64   | 0.20%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD 6.875%         | GOEASY LTD 6.875%         | CUSIP: 380355AR8<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |   1175000 | PA      | $945293.26    | 0.05%             | 2031-02-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC 6.25%       | TRANSDIGM INC 6.25%       | CUSIP: 893647BZ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2655000 | PA      | $2684287.31   | 0.13%             | 2034-01-31      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| NCL CORP LTD 6.25%        | NCL CORP LTD 6.25%        | CUSIP: 62886HBZ3<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    410000 | PA      | $397838.74    | 0.02%             | 2033-09-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP 6.50%  | MARRIOTT OWNERSHIP 6.50%  | CUSIP: 57164PAK2<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |   4955000 | PA      | $4711404.27   | 0.23%             | 2033-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEA 10.875% | CHS/COMMUNITY HEA 10.875% | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   7906000 | PA      | $8482039.07   | 0.41%             | 2032-01-15      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAINME 6.50% | CAESARS ENTERTAINME 6.50% | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   6537000 | PA      | $6460896.90   | 0.31%             | 2032-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ALLIANCE RESOURCE 8.625%  | ALLIANCE RESOURCE 8.625%  | CUSIP: 01879NAC9<br>LEI: 2549007036KGPSVTHP54 | Long             | DBT              | CORP              | US        |   2850000 | PA      | $2960463.15   | 0.14%             | 2029-06-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| WARNERMEDIA HLDGS. 5.05%  | WARNERMEDIA HLDGS. 5.05%  | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   6080000 | PA      | $4005538.78   | 0.19%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| VENTURE GBL. PLAQUE 6.50% | VENTURE GBL. PLAQUE 6.50% | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   3515000 | PA      | $3664191.64   | 0.18%             | 2034-01-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| BEAZER HOMES USA I 5.875% | BEAZER HOMES USA I 5.875% | CUSIP: 07556QBR5<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |   5715000 | PA      | $5687336.83   | 0.27%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP 6.25% | HILCORP ENERGY I LP 6.25% | CUSIP: 431318AS3<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |   5857000 | PA      | $5868737.43   | 0.28%             | 2028-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| CSC HLDGS. LLC 6.50%      | CSC HLDGS. LLC 6.50%      | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |  10775000 | PA      | $6868146.63   | 0.33%             | 2029-02-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CSC HLDGS. LLC 5.75%      | CSC HLDGS. LLC 5.75%      | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   7235000 | PA      | $2746269.98   | 0.13%             | 2030-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| VM CONS. INC 5.50%        | VM CONS. INC 5.50%        | CUSIP: 91835HAA0<br>LEI: 549300GCTGJLEBXJUK89 | Long             | DBT              | CORP              | US        |   3470000 | PA      | $3356399.14   | 0.16%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| MAVIS TIRE EXPRESS 6.50%  | MAVIS TIRE EXPRESS 6.50%  | CUSIP: 59155LAA0<br>LEI: 254900NVDM4GTLBL9E56 | Long             | DBT              | CORP              | US        |   6904000 | PA      | $6849967.22   | 0.33%             | 2029-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| DELEK LOGISTICS PA 7.125% | DELEK LOGISTICS PA 7.125% | CUSIP: 24665FAC6<br>LEI: 549300UVYITDIU51P724 | Long             | DBT              | CORP              | US        |   2275000 | PA      | $2273077.85   | 0.11%             | 2028-06-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDO 7.50% | CLEAR CHANNEL OUTDO 7.50% | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   5381000 | PA      | $5403707.82   | 0.26%             | 2029-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| BAUSCH HEALTH COS 4.875%  | BAUSCH HEALTH COS 4.875%  | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   4135000 | PA      | $3786460.89   | 0.18%             | 2028-06-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| THOR INDS. INC 4.00%      | THOR INDS. INC 4.00%      | CUSIP: 885160AA9<br>LEI: 254900XZO1228PDSG060 | Long             | DBT              | CORP              | US        |   5795000 | PA      | $5470634.73   | 0.26%             | 2029-10-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| NUFARM AUSTRALIA / 5.00%  | NUFARM AUSTRALIA / 5.00%  | CUSIP: 67052NAB1<br>LEI: 254900Z2JJWSZ7WQM263 | Long             | DBT              | CORP              | AU        |   4060000 | PA      | $3645466.98   | 0.17%             | 2030-01-27      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CLYDESDALE ACQUISI 6.625% | CLYDESDALE ACQUISI 6.625% | CUSIP: 18972EAA3<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   1340000 | PA      | $1315964.92   | 0.06%             | 2029-04-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMS. I 7.375% | UNIVISION COMMS. I 7.375% | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   2308000 | PA      | $2261654.90   | 0.11%             | 2030-06-30      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| TRANSOCEAN INTL. LT 8.75% | TRANSOCEAN INTL. LT 8.75% | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |   2852500 | PA      | $2967150.53   | 0.14%             | 2030-02-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP. 9.00% | CLOUD SOFTWARE GRP. 9.00% | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   6630000 | PA      | $6395785.97   | 0.31%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| CIVITAS RES. INC 8.75%    | CIVITAS RES. INC 8.75%    | CUSIP: 17888HAB9<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   3715000 | PA      | $3883259.78   | 0.19%             | 2031-07-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| ONTARIO GAMING GTA 8.00%  | ONTARIO GAMING GTA 8.00%  | CUSIP: 68306MAA7<br>LEI: 894500EC9KLZLOC3V025 | Long             | DBT              | CORP              | CA        |    580000 | PA      | $555877.95    | 0.03%             | 2030-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL AUTO HLDGS. 8.375% | GLOBAL AUTO HLDGS. 8.375% | CUSIP: 00033GAA3<br>LEI: 98450091563BF7M9DC47 | Long             | DBT              | CORP              | GB        |   1190000 | PA      | $1087100.70   | 0.05%             | 2029-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| ARETEC GRP. INC 7.50%     | ARETEC GRP. INC 7.50%     | CUSIP: 040133AA8<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |   3682000 | PA      | $3647190.56   | 0.17%             | 2029-04-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| PREMIER ENTERTAINM 5.875% | PREMIER ENTERTAINM 5.875% | CUSIP: 74052HAB0<br>LEI: 549300KRDMIL2NJVZ267 | Long             | DBT              | CORP              | US        |   2155000 | PA      | $1185250.00   | 0.06%             | 2031-09-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| ILIAD HLDG. SASU 7.00%    | ILIAD HLDG. SASU 7.00%    | CUSIP: 449691AC8<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |   2950000 | PA      | $2969036.35   | 0.14%             | 2028-10-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| GRAY MEDIA INC 5.375%     | GRAY MEDIA INC 5.375%     | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   4371000 | PA      | $3241926.99   | 0.16%             | 2031-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| VISTAJET MALTA FIN 7.875% | VISTAJET MALTA FIN 7.875% | CUSIP: 92840JAD1<br>LEI: 5299001UK94VGT0CPQ36 | Long             | DBT              | CORP              | MT        |   2995000 | PA      | $2956009.29   | 0.14%             | 2027-05-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| ALLEGIANT TRAVEL CO 7.25% | ALLEGIANT TRAVEL CO 7.25% | CUSIP: 01748XAD4<br>LEI: 549300JM9OZXOHWL2K18 | Long             | DBT              | CORP              | US        |   3064000 | PA      | $3066916.93   | 0.15%             | 2027-08-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CNX RES. CORP 7.375%      | CNX RES. CORP 7.375%      | CUSIP: 12653CAK4<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |   1631000 | PA      | $1675868.81   | 0.08%             | 2031-01-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| NEPTUNE BIDCO US IN 9.29% | NEPTUNE BIDCO US IN 9.29% | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |  16422000 | PA      | $16467620.32  | 0.79%             | 2029-04-15      | Fixed         | 9.29%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC 7.50%      | BOMBARDIER INC 7.50%      | CUSIP: 097751BZ3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   2865000 | PA      | $2974778.21   | 0.14%             | 2029-02-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| MARTIN MIDSTREAM P 11.50% | MARTIN MIDSTREAM P 11.50% | CUSIP: 573334AK5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5490000 | PA      | $5621370.21   | 0.27%             | 2028-02-15      | Fixed         | 11.50%                | Yes           |                  2 | On Loan: No      |
| BURFORD CAP. GBL. F 9.25% | BURFORD CAP. GBL. F 9.25% | CUSIP: 12116LAE9<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |   8340000 | PA      | $7526850.00   | 0.36%             | 2031-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| CSC HLDGS. LLC 11.75%     | CSC HLDGS. LLC 11.75%     | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   3025000 | PA      | $2187513.63   | 0.10%             | 2029-01-31      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| NEWELL BRANDS INC 6.625%  | NEWELL BRANDS INC 6.625%  | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   1840000 | PA      | $1760850.56   | 0.08%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HLDGS. 5.141% | WARNERMEDIA HLDGS. 5.141% | CUSIP: 55903VBU6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   4775000 | PA      | $2900812.50   | 0.14%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| BURFORD CAP. GBL. F 7.50% | BURFORD CAP. GBL. F 7.50% | CUSIP: 12116LAG4<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    540000 | PA      | $449550.00    | 0.02%             | 2033-07-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| ASHTON WOODS USA L 6.875% | ASHTON WOODS USA L 6.875% | CUSIP: 045086AR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2140000 | PA      | $2064534.18   | 0.10%             | 2033-08-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CHC GRP. LLC 11.75%       | CHC GRP. LLC 11.75%       | CUSIP: 12550EAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1555000 | PA      | $1507314.68   | 0.07%             | 2030-09-01      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEAL 6.875% | CHS/COMMUNITY HEAL 6.875% | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   2090000 | PA      | $2009823.00   | 0.10%             | 2029-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTD 7.875% | CLEAR CHANNEL OUTD 7.875% | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   2225000 | PA      | $2328469.18   | 0.11%             | 2030-04-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC 6.75%      | BOMBARDIER INC 6.75%      | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   1095000 | PA      | $1130815.26   | 0.05%             | 2033-06-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NEW FLYER HLDGS. IN 9.25% | NEW FLYER HLDGS. IN 9.25% | CUSIP: 64438WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1780000 | PA      | $1902536.64   | 0.09%             | 2030-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| WHIRLPOOL CORP 6.125%     | WHIRLPOOL CORP 6.125%     | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |   1335000 | PA      | $1303462.49   | 0.06%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPS. IN 6.375% | MILLROSE PROPS. IN 6.375% | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2710000 | PA      | $2709156.92   | 0.13%             | 2030-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| PETSMART LLC / PETS 7.50% | PETSMART LLC / PETS 7.50% | CUSIP: 71677KAC2<br>LEI: 894500NGJMHSFNESGA67 | Long             | DBT              | CORP              | US        |   1290000 | PA      | $1296282.30   | 0.06%             | 2032-09-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| LIGHT & WONDER INTL 6.25% | LIGHT & WONDER INTL 6.25% | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |   3130000 | PA      | $3066429.70   | 0.15%             | 2033-10-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| K HOVNANIAN ENTS. I 8.00% | K HOVNANIAN ENTS. I 8.00% | CUSIP: 48251UAP3<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1013402.13   | 0.05%             | 2031-04-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| OPEN TEXT HLDGS. I 4.125% | OPEN TEXT HLDGS. I 4.125% | CUSIP: 683720AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2055000 | PA      | $1836200.04   | 0.09%             | 2030-02-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| VIKING CRUISES LTD 7.00%  | VIKING CRUISES LTD 7.00%  | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |   5590000 | PA      | $5600280.01   | 0.27%             | 2029-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ACRISURE LLC / ACRI 4.25% | ACRISURE LLC / ACRI 4.25% | CUSIP: 00489LAF0<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |   1825000 | PA      | $1722507.45   | 0.08%             | 2029-02-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| UNITED STATES STEE 6.875% | UNITED STATES STEE 6.875% | CUSIP: 912909AU2<br>LEI: JNLUVFYJT1OZSIQ24U47 | Long             | DBT              | CORP              | US        |   1004000 | PA      | $1004218.87   | 0.05%             | 2029-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VOYAGER AVIATION HL 8.50% | VOYAGER AVIATION HL 8.50% | CUSIP: 92918XAA3<br>LEI: 549300KHOKL1CX4NIJ92 | Long             | DBT              | CORP              | US        |   2524235 | PA      | $0.00         | 0.00%             | 2026-05-09      | Fixed         | 8.50%                 | Yes           |                  3 | On Loan: No      |
| COREWEAVE INC 9.25%       | COREWEAVE INC 9.25%       | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |   9335000 | PA      | $9070440.50   | 0.44%             | 2030-06-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| SIMMONS FOODS INC/ 4.625% | SIMMONS FOODS INC/ 4.625% | CUSIP: 82873MAA1<br>LEI: 5493002Z1TVWRIL6NM97 | Long             | DBT              | CORP              | US        |   2627000 | PA      | $2528188.05   | 0.12%             | 2029-03-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES I 5.75% | AMERICAN AIRLINES I 5.75% | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |  13010000 | PA      | $12938839.20  | 0.62%             | 2029-04-20      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| NESCO HLDGS. II INC 5.50% | NESCO HLDGS. II INC 5.50% | CUSIP: 64083YAA9<br>LEI: 254900FAHT0HW9T6L409 | Long             | DBT              | CORP              | US        |   1940000 | PA      | $1897277.71   | 0.09%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| PENNYMAC FINL. SER 6.875% | PENNYMAC FINL. SER 6.875% | CUSIP: 70932MAG2<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   1825000 | PA      | $1761111.02   | 0.08%             | 2032-05-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| HOWARD MIDSTREAM E 6.625% | HOWARD MIDSTREAM E 6.625% | CUSIP: 442722AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2010000 | PA      | $2017642.02   | 0.10%             | 2034-01-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CO 4.75%       | FORD MOTOR CO 4.75%       | CUSIP: 345370CQ1<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   2065000 | PA      | $1559851.07   | 0.07%             | 2043-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS I 6.75% | BATH & BODY WORKS I 6.75% | CUSIP: 501797AM6<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   7330000 | PA      | $7028490.71   | 0.34%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALTICE FINC. SA 5.00%     | ALTICE FINC. SA 5.00%     | CUSIP: 02154CAF0<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |   4915000 | PA      | $3451077.57   | 0.17%             | 2028-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| UNITI GRP. LP / UNI 6.50% | UNITI GRP. LP / UNI 6.50% | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10180000 | PA      | $9887208.34   | 0.47%             | 2029-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| FULL HOUSE RESORTS 8.25%  | FULL HOUSE RESORTS 8.25%  | CUSIP: 359678AC3<br>LEI: 5493009DKIWW0H901Y82 | Long             | DBT              | CORP              | US        |   9381000 | PA      | $8536710.00   | 0.41%             | 2028-02-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| MADISON IAQ LLC 4.125%    | MADISON IAQ LLC 4.125%    | CUSIP: 55760LAA5<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |   4465000 | PA      | $4360489.53   | 0.21%             | 2028-06-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| DAVITA INC 6.75%          | DAVITA INC 6.75%          | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   2415000 | PA      | $2456424.50   | 0.12%             | 2033-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ROCKET COS INC 6.125%     | ROCKET COS INC 6.125%     | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4885000 | PA      | $4930073.90   | 0.24%             | 2030-08-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| HERC HLDGS. INC 7.00%     | HERC HLDGS. INC 7.00%     | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   1910000 | PA      | $1958454.79   | 0.09%             | 2030-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL 5.85%    | PARAMOUNT GLOBAL 5.85%    | CUSIP: 92553PAU6<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   2280000 | PA      | $1582928.65   | 0.08%             | 2043-09-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC STP     | NEWELL BRANDS INC STP     | CUSIP: 651229AX4<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   4600000 | PA      | $4234444.90   | 0.20%             | 2036-04-01      | Fixed         | 7.37%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GRP. P F2V | LLOYDS BANKING GRP. P F2V | CUSIP: 539439BF5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1210000 | PA      | $1155294.93   | 0.06%             | 2049-12-31      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CIPHER COMPUTE LLC 7.125% | CIPHER COMPUTE LLC 7.125% | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3145000 | PA      | $3258311.21   | 0.16%             | 2030-11-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEP 5.625% | NISSAN MOTOR ACCEP 5.625% | CUSIP: 65480CAK1<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   1795000 | PA      | $1761520.02   | 0.08%             | 2028-09-29      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| VMED O2 UK FINC. I 6.75%  | VMED O2 UK FINC. I 6.75%  | CUSIP: 92858RAE0<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   3200000 | PA      | $2859024.96   | 0.14%             | 2033-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| VERSANT MEDIA GRP. 7.25%  | VERSANT MEDIA GRP. 7.25%  | CUSIP: 925283AA1<br>LEI: 254900D2Q5F5F229PU30 | Long             | DBT              | CORP              | US        |   1355000 | PA      | $1386708.36   | 0.07%             | 2031-01-30      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| FERRELLGAS LP / FER 9.25% | FERRELLGAS LP / FER 9.25% | CUSIP: 315292AU6<br>LEI: 549300EW667UKOZLEW85 | Long             | DBT              | CORP              | US        |   4900000 | PA      | $5105506.00   | 0.24%             | 2031-01-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| ALLISON TRANSMISSI 5.875% | ALLISON TRANSMISSI 5.875% | CUSIP: 019736AH0<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    800000 | PA      | $795095.52    | 0.04%             | 2033-12-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| FORVIA SE 6.75%           | FORVIA SE 6.75%           | CUSIP: 31209DAC9<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |   1930000 | PA      | $1884432.31   | 0.09%             | 2033-09-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| TRANSOCEAN INTL. L 7.875% | TRANSOCEAN INTL. L 7.875% | CUSIP: 893814AA1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |   1065000 | PA      | $1137952.50   | 0.05%             | 2032-10-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| ALTICE FRANCE SA 6.875%   | ALTICE FRANCE SA 6.875%   | CUSIP: 02090DAE8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   6898390 | PA      | $6536420.92   | 0.31%             | 2032-07-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY 6.50% | TALEN ENERGY SUPPLY 6.50% | CUSIP: 87422VAN8<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |   2390000 | PA      | $2406564.44   | 0.12%             | 2036-02-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| NEPTUNE BIDCO US 10.375%  | NEPTUNE BIDCO US 10.375%  | CUSIP: 640695AC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |   2330000 | PA      | $2350988.64   | 0.11%             | 2031-05-15      | Fixed         | 10.38%                | Yes           |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG 7.75% | AMERICAN AXLE & MFG 7.75% | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |   2115000 | PA      | $2058948.27   | 0.10%             | 2033-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| ZF NORTH AMERICA CA 7.50% | ZF NORTH AMERICA CA 7.50% | CUSIP: 98877DAH8<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1571704.32   | 0.08%             | 2031-03-24      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| MELCO RESORTS FIN. 6.50%  | MELCO RESORTS FIN. 6.50%  | CUSIP: 58547DAJ8<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |   5015000 | PA      | $4813300.36   | 0.23%             | 2033-09-24      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ION PLATFORM FIN. 7.875%  | ION PLATFORM FIN. 7.875%  | CUSIP: 46205QAB4<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | LU        |   3395000 | PA      | $2627817.46   | 0.13%             | 2032-09-30      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| ALTICE FRANCE SA 6.50%    | ALTICE FRANCE SA 6.50%    | CUSIP: 02090DAD0<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   4958114 | PA      | $4697733.64   | 0.23%             | 2032-04-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ION PLATFORM FIN. U 8.75% | ION PLATFORM FIN. U 8.75% | CUSIP: 46206AAD4<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | LU        |   3770000 | PA      | $3505931.37   | 0.17%             | 2029-05-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| K HOVNANIAN ENTS. 8.375%  | K HOVNANIAN ENTS. 8.375%  | CUSIP: 48251UAQ1<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |   1015000 | PA      | $1003725.79   | 0.05%             | 2033-10-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS. LLC / CC 5.00% | CCO HLDGS. LLC / CC 5.00% | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20317000 | PA      | $20150205.56  | 0.97%             | 2028-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| LADDER CAP. FIN. HL 4.25% | LADDER CAP. FIN. HL 4.25% | CUSIP: 505742AM8<br>LEI: 254900TBF2Z4GR7NSX02 | Long             | DBT              | CORP              | US        |   8885000 | PA      | $8777728.73   | 0.42%             | 2027-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| GENESEE & WYOMING I 6.25% | GENESEE & WYOMING I 6.25% | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |   2115000 | PA      | $2140274.25   | 0.10%             | 2032-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TRANSOCEAN INTL. LT 8.50% | TRANSOCEAN INTL. LT 8.50% | CUSIP: 893830BZ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |   1440000 | PA      | $1510269.12   | 0.07%             | 2031-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| MAUSER PACKAGING SO 9.25% | MAUSER PACKAGING SO 9.25% | CUSIP: 57763RAF4<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |   1407000 | PA      | $1307339.09   | 0.06%             | 2030-04-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| LEVEL 3 FINC. INC 8.50%   | LEVEL 3 FINC. INC 8.50%   | CUSIP: 527298CQ4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   4195000 | PA      | $4377112.12   | 0.21%             | 2036-01-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| CELANESE US HLDGS. 7.00%  | CELANESE US HLDGS. 7.00%  | CUSIP: 15089QBC7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    970000 | PA      | $995990.18    | 0.05%             | 2031-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CELANESE US HLDGS. 7.375% | CELANESE US HLDGS. 7.375% | CUSIP: 15089QBD5<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   1880000 | PA      | $1926105.12   | 0.09%             | 2034-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| FLASH COMPUTE LLC 7.25%   | FLASH COMPUTE LLC 7.25%   | CUSIP: 33853QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1532000 | PA      | $1542403.81   | 0.07%             | 2030-12-31      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| WYNDHAM HOTELS & R 5.625% | WYNDHAM HOTELS & R 5.625% | CUSIP: 98311AAE5<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |   1395000 | PA      | $1372647.92   | 0.07%             | 2033-03-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM 8.625% | EQUIPMENTSHARE.COM 8.625% | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   2457000 | PA      | $2564515.86   | 0.12%             | 2032-05-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| ZF NORTH AMERICA C 6.875% | ZF NORTH AMERICA C 6.875% | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   5240000 | PA      | $4978539.72   | 0.24%             | 2032-04-23      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| PENNYMAC FINL. SER 7.125% | PENNYMAC FINL. SER 7.125% | CUSIP: 70932MAE7<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   4895000 | PA      | $4864527.65   | 0.23%             | 2030-11-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| BRIGHTSTAR LOTTERY 5.75%  | BRIGHTSTAR LOTTERY 5.75%  | CUSIP: 108922AA3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   1980000 | PA      | $1924712.26   | 0.09%             | 2033-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CHEMOURS CO/THE 7.875%    | CHEMOURS CO/THE 7.875%    | CUSIP: 163851AL2<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |   1410000 | PA      | $1409590.11   | 0.07%             | 2034-03-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| SURGERY CENTER HLDG 7.25% | SURGERY CENTER HLDG 7.25% | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |   7941000 | PA      | $7799438.10   | 0.37%             | 2032-04-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| COMSTOCK RES. INC 6.75%   | COMSTOCK RES. INC 6.75%   | CUSIP: 205768AU8<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   1960000 | PA      | $1936775.57   | 0.09%             | 2029-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ILIAD HLDG. SASU 8.50%    | ILIAD HLDG. SASU 8.50%    | CUSIP: 449691AF1<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |   1175000 | PA      | $1229417.78   | 0.06%             | 2031-04-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| ONEMAIN FIN. CORP 7.50%   | ONEMAIN FIN. CORP 7.50%   | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   5365000 | PA      | $5393649.10   | 0.26%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| STAPLES INC 10.75%        | STAPLES INC 10.75%        | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |   7385000 | PA      | $6829790.53   | 0.33%             | 2029-09-01      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| FXI HLDGS. INC 11.00%     | FXI HLDGS. INC 11.00%     | CUSIP: 36120RAG4<br>LEI: 549300VLKCUZW3MSVS50 | Long             | DBT              | CORP              | US        |   4803056 | PA      | $4250704.56   | 0.20%             | 2030-11-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| VENTURE GBL. PLAQU 6.125% | VENTURE GBL. PLAQU 6.125% | CUSIP: 922966AE6<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    330000 | PA      | $339380.58    | 0.02%             | 2030-12-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| RAKUTEN GRP. INC 9.75%    | RAKUTEN GRP. INC 9.75%    | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |   2947000 | PA      | $3140317.42   | 0.15%             | 2029-04-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP 7.00%           | SUNOCO LP 7.00%           | CUSIP: 86765KAB5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   4075000 | PA      | $4179963.85   | 0.20%             | 2029-05-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP. 8.25% | CLOUD SOFTWARE GRP. 8.25% | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   7120000 | PA      | $6752856.56   | 0.32%             | 2032-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| RHP HOTEL PROPS. LP 5.75% | RHP HOTEL PROPS. LP 5.75% | CUSIP: 74984CAA6<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |    890000 | PA      | $878299.79    | 0.04%             | 2034-03-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| PHINIA INC 6.75%          | PHINIA INC 6.75%          | CUSIP: 71880KAA9<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |   6435000 | PA      | $6551171.06   | 0.31%             | 2029-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| TASEKO MINES LTD 8.25%    | TASEKO MINES LTD 8.25%    | CUSIP: 876511AG1<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |   6346000 | PA      | $6616085.76   | 0.32%             | 2030-05-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| ENCORE CAP. GRP. IN 8.50% | ENCORE CAP. GRP. IN 8.50% | CUSIP: 292554AR3<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |   6310000 | PA      | $6671651.34   | 0.32%             | 2030-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| ENERFLEX INC 6.875%       | ENERFLEX INC 6.875%       | CUSIP: 29281WAA6<br>LEI: 549300SQCOV1LC1GBK07 | Long             | DBT              | CORP              | US        |   1385000 | PA      | $1414119.06   | 0.07%             | 2031-01-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| MATTAMY GRP. CORP 6.00%   | MATTAMY GRP. CORP 6.00%   | CUSIP: 57701RAQ5<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |   2345000 | PA      | $2202081.63   | 0.11%             | 2033-12-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ASURION LLC AND ASU 8.00% | ASURION LLC AND ASU 8.00% | CUSIP: 045941AA9<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |   2297000 | PA      | $2383018.03   | 0.11%             | 2032-12-31      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| GPS HOSPITALITY HLD 7.00% | GPS HOSPITALITY HLD 7.00% | CUSIP: 36262BAA0<br>LEI: 5493007IGLBCP32TTG10 | Long             | DBT              | CORP              | US        |   6450000 | PA      | $3128250.00   | 0.15%             | 2028-08-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| LIFEPOINT HEALTH I 10.00% | LIFEPOINT HEALTH I 10.00% | CUSIP: 53219LAX7<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |   2680000 | PA      | $2736897.02   | 0.13%             | 2032-06-01      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| INSIGHT ENTS. INC 6.625%  | INSIGHT ENTS. INC 6.625%  | CUSIP: 45765UAC7<br>LEI: 529900S8991TYW6YP792 | Long             | DBT              | CORP              | US        |   9552000 | PA      | $9219151.96   | 0.44%             | 2032-05-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC 7.00%      | BOMBARDIER INC 7.00%      | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   1361000 | PA      | $1412502.96   | 0.07%             | 2032-06-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ARBOR REALTY SR INC 8.50% | ARBOR REALTY SR INC 8.50% | CUSIP: 03881NAL1<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              | CORP              | US        |    835000 | PA      | $820623.45    | 0.04%             | 2028-12-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| CRESCENT ENERGY FIN 7.75% | CRESCENT ENERGY FIN 7.75% | CUSIP: 45344LAH6<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |   8232000 | PA      | $8293740.00   | 0.40%             | 2029-07-31      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GBL. PLAQUE 6.50% | VENTURE GBL. PLAQUE 6.50% | CUSIP: 922966AF3<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   1010000 | PA      | $1051361.52   | 0.05%             | 2034-06-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS. LLC / CC 7.00% | CCO HLDGS. LLC / CC 7.00% | CUSIP: 1248EPCU5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    149000 | PA      | $149410.39    | 0.01%             | 2033-02-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| MATADOR RES. CO 6.00%     | MATADOR RES. CO 6.00%     | CUSIP: 576485AJ5<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |   1535000 | PA      | $1525294.46   | 0.07%             | 2034-04-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CROSSCOUNTRY INTERM 6.50% | CROSSCOUNTRY INTERM 6.50% | CUSIP: 22757VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1035000 | PA      | $986498.48    | 0.05%             | 2030-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| NRG ENERGY INC 6.00%      | NRG ENERGY INC 6.00%      | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   3370000 | PA      | $3339356.93   | 0.16%             | 2036-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| NRG ENERGY INC 5.75%      | NRG ENERGY INC 5.75%      | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1159048.67   | 0.06%             | 2034-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ENCORE CAP. GRP. I 6.625% | ENCORE CAP. GRP. I 6.625% | CUSIP: 292554AS1<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    545000 | PA      | $542275.00    | 0.03%             | 2031-04-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY 6.25% | TALEN ENERGY SUPPLY 6.25% | CUSIP: 87422VAM0<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |   3345000 | PA      | $3307731.35   | 0.16%             | 2034-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| PARK RIVER HLDGS. I 8.00% | PARK RIVER HLDGS. I 8.00% | CUSIP: 70082LAC1<br>LEI: 254900PGY077KWCROT75 | Long             | DBT              | CORP              | US        |   3975000 | PA      | $3956644.25   | 0.19%             | 2031-03-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| OLYMPUS WATER US HL 7.25% | OLYMPUS WATER US HL 7.25% | CUSIP: 681639AE0<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   3995000 | PA      | $3811634.29   | 0.18%             | 2033-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ALPHA GENERATION LL 6.25% | ALPHA GENERATION LL 6.25% | CUSIP: 02073LAC5<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    995000 | PA      | $977431.88    | 0.05%             | 2034-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| STUDIO CITY FIN. LT 5.00% | STUDIO CITY FIN. LT 5.00% | CUSIP: 86389QAG7<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |   5435000 | PA      | $5096255.09   | 0.24%             | 2029-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| COMSTOCK RES. INC 6.75%   | COMSTOCK RES. INC 6.75%   | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   3175000 | PA      | $3133829.14   | 0.15%             | 2029-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| LGI HOMES INC 4.00%       | LGI HOMES INC 4.00%       | CUSIP: 50187TAF3<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |   5175000 | PA      | $4609281.94   | 0.22%             | 2029-07-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CAPITAL ONE FINL. COR F2F | CAPITAL ONE FINL. COR F2F | CUSIP: 14040HDK8<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   5485000 | PA      | $5438113.67   | 0.26%             | 2049-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DOTDASH MEREDITH I 7.625% | DOTDASH MEREDITH I 7.625% | CUSIP: 25849JAA8<br>LEI: 549300R2AA7U9CJUQO13 | Long             | DBT              | CORP              | US        |   5040000 | PA      | $4647283.20   | 0.22%             | 2032-06-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| UNITI GRP. LP / UN 8.625% | UNITI GRP. LP / UN 8.625% | CUSIP: 91327TAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3195000 | PA      | $3254062.04   | 0.16%             | 2032-06-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| EW SCRIPPS CO/THE 9.875%  | EW SCRIPPS CO/THE 9.875%  | CUSIP: 811054AH8<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |   4870000 | PA      | $4727664.02   | 0.23%             | 2030-08-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| FIRST QUANTUM MINER 7.25% | FIRST QUANTUM MINER 7.25% | CUSIP: 335934AX3<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   1365000 | PA      | $1389620.51   | 0.07%             | 2034-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| JONES DESLAURIERS 6.875%  | JONES DESLAURIERS 6.875%  | CUSIP: 48020RAE5<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |   4770000 | PA      | $4363689.83   | 0.21%             | 2033-10-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ALTICE FRANCE SA 6.875%   | ALTICE FRANCE SA 6.875%   | CUSIP: 02090DAB4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   2466435 | PA      | $2359388.02   | 0.11%             | 2030-10-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AXLE & MF 6.375% | AMERICAN AXLE & MF 6.375% | CUSIP: 02406PBC3<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1410383.78   | 0.07%             | 2032-10-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| DIRECTV FINC. LLC 8.875%  | DIRECTV FINC. LLC 8.875%  | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2410000 | PA      | $2404638.47   | 0.12%             | 2030-02-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| HAWAIIAN ELEC. CO I 6.00% | HAWAIIAN ELEC. CO I 6.00% | CUSIP: 419866AV0<br>LEI: 549300PQE8D806LWQV52 | Long             | DBT              | CORP              | US        |   1540000 | PA      | $1538046.20   | 0.07%             | 2033-10-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| LAMAR MEDIA CORP 5.375%   | LAMAR MEDIA CORP 5.375%   | CUSIP: 513075CA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3455000 | PA      | $3381490.73   | 0.16%             | 2033-11-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| ZAYO GRP. HLDGS. INC PIK  | ZAYO GRP. HLDGS. INC PIK  | CUSIP: 98919VAC9<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |    701475 | PA      | $697364.36    | 0.03%             | 2030-03-09      | Variable      | 9.25%                 | Yes           |                  2 | On Loan: No      |
| ALTICE FRANCE LUX 10.00%  | ALTICE FRANCE LUX 10.00%  | CUSIP: 020956AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   2052000 | PA      | $1864914.85   | 0.09%             | 2033-01-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| KAISER ALUMINUM CO 5.875% | KAISER ALUMINUM CO 5.875% | CUSIP: 483007AM2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2355000 | PA      | $2312299.14   | 0.11%             | 2034-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| WILLIAM CARTER CO/ 7.375% | WILLIAM CARTER CO/ 7.375% | CUSIP: 96926JAG2<br>LEI: TGI2A0HXEYNQPU7TYV27 | Long             | DBT              | CORP              | US        |   3235000 | PA      | $3299556.98   | 0.16%             | 2031-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| WEATHERFORD INTL. L 6.75% | WEATHERFORD INTL. L 6.75% | CUSIP: 947075AW7<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |   3830000 | PA      | $3913375.27   | 0.19%             | 2033-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEP 6.125% | NISSAN MOTOR ACCEP 6.125% | CUSIP: 65480CAL9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   7540000 | PA      | $7246249.14   | 0.35%             | 2030-09-30      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| CALIFORNIA RES. COR 7.00% | CALIFORNIA RES. COR 7.00% | CUSIP: 13057QAL1<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |   4940000 | PA      | $4980319.79   | 0.24%             | 2034-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ROCKET COS INC 6.50%      | ROCKET COS INC 6.50%      | CUSIP: 77311WAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5652000 | PA      | $5715615.63   | 0.27%             | 2029-08-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| VIKING CRUISES LTD 5.875% | VIKING CRUISES LTD 5.875% | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |   2575000 | PA      | $2542327.99   | 0.12%             | 2033-10-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COS / SA 5.75% | ALBERTSONS COS / SA 5.75% | CUSIP: 01309QAD0<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   1965000 | PA      | $1922450.48   | 0.09%             | 2034-03-31      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| BRUNDAGE-BONE CONCR 7.50% | BRUNDAGE-BONE CONCR 7.50% | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7385000 | PA      | $7462224.95   | 0.36%             | 2032-02-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| MPT OPERATING P/SHI 8.50% | MPT OPERATING P/SHI 8.50% | CUSIP: 55342UAQ7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |    395000 | PA      | $400455.74    | 0.02%             | 2032-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| BLOCK INC 6.00%           | BLOCK INC 6.00%           | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2360360.45   | 0.11%             | 2033-08-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ILIAD HLDG. SASU 7.00%    | ILIAD HLDG. SASU 7.00%    | CUSIP: 449691AG9<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |   2400000 | PA      | $2402875.20   | 0.12%             | 2032-04-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| NCL CORP LTD 6.75%        | NCL CORP LTD 6.75%        | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   9945000 | PA      | $9869544.30   | 0.47%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| QUIKRETE HLDGS. INC 6.75% | QUIKRETE HLDGS. INC 6.75% | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   4820000 | PA      | $4895384.80   | 0.23%             | 2033-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| QNITY ELECTNCS. INC 5.75% | QNITY ELECTNCS. INC 5.75% | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |   2930000 | PA      | $2933489.63   | 0.14%             | 2032-08-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| WYNN MACAU LTD 6.75%      | WYNN MACAU LTD 6.75%      | CUSIP: 98313RAL0<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |   2860000 | PA      | $2791141.38   | 0.13%             | 2034-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| PLANET FINL. GRP. 10.50%  | PLANET FINL. GRP. 10.50%  | CUSIP: 72702AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5850000 | PA      | $5611179.60   | 0.27%             | 2029-12-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| ONESKY FLIGHT LLC 8.875%  | ONESKY FLIGHT LLC 8.875%  | CUSIP: 68278CAA3<br>LEI: 549300PM6NEPXGG5B882 | Long             | DBT              | CORP              | US        |   5140000 | PA      | $5305585.10   | 0.25%             | 2029-12-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| IHEARTCOMMUNICATI 10.875% | IHEARTCOMMUNICATI 10.875% | CUSIP: 45174HBL0<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |   2341000 | PA      | $1500136.21   | 0.07%             | 2030-05-01      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| QNITY ELECTNCS. INC 6.25% | QNITY ELECTNCS. INC 6.25% | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |   2930000 | PA      | $2962631.41   | 0.14%             | 2033-08-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ICAHN ENTS. LP / I 10.00% | ICAHN ENTS. LP / I 10.00% | CUSIP: 451102CK1<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |   3120000 | PA      | $3073662.38   | 0.15%             | 2029-11-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| BLACKSTONE MTGE. TS 7.75% | BLACKSTONE MTGE. TS 7.75% | CUSIP: 09257WAF7<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              | CORP              | US        |   2165000 | PA      | $2274761.17   | 0.11%             | 2029-12-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| CVS HEALTH CORP F2V       | CVS HEALTH CORP F2V       | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   4997000 | PA      | $5059677.37   | 0.24%             | 2054-12-10      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATION 7.75% | IHEARTCOMMUNICATION 7.75% | CUSIP: 45174HBM8<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |   3050900 | PA      | $2428978.25   | 0.12%             | 2030-08-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| CONSTELLATION ENERG 5.00% | CONSTELLATION ENERG 5.00% | CUSIP: 210385AJ9<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |   3140000 | PA      | $3148450.56   | 0.15%             | 2031-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| BURFORD CAP. GBL. F 8.50% | BURFORD CAP. GBL. F 8.50% | CUSIP: 12116LAJ8<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    295000 | PA      | $253322.40    | 0.01%             | 2034-01-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAI 8.625% | SIX FLAGS ENTERTAI 8.625% | CUSIP: 83003AAA8<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |   1055000 | PA      | $1056702.07   | 0.05%             | 2032-01-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| VIRGIN MEDIA O2 VEN 8.50% | VIRGIN MEDIA O2 VEN 8.50% | CUSIP: 92769UAA9<br>LEI: 9845001E591J5060A412 | Long             | DBT              | CORP              | IE        |   1355000 | PA      | $1184028.67   | 0.06%             | 2033-03-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| NCL CORP LTD 5.875%       | NCL CORP LTD 5.875%       | CUSIP: 62886HBY6<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    560000 | PA      | $544076.86    | 0.03%             | 2031-01-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES F2V | HUNTINGTON BANCSHARES F2V | CUSIP: 446150BG8<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   2455000 | PA      | $2418912.97   | 0.12%             | 2049-12-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| UWM HLDGS. LLC 6.25%      | UWM HLDGS. LLC 6.25%      | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3050000 | PA      | $2777590.78   | 0.13%             | 2031-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| MILLROSE PROPS. INC 6.25% | MILLROSE PROPS. INC 6.25% | CUSIP: 601137AB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2110000 | PA      | $2071192.46   | 0.10%             | 2032-09-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES 7.60%  | LUMEN TECHNOLOGIES 7.60%  | CUSIP: 156700AM8<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    335000 | PA      | $312017.85    | 0.01%             | 2039-09-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| ADIENT GBL. HLDGS. 7.50%  | ADIENT GBL. HLDGS. 7.50%  | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |   4050000 | PA      | $4094570.25   | 0.20%             | 2033-02-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| JPR ROYALTY SUB LL 14.00% | JPR ROYALTY SUB LL 14.00% | CUSIP: 46635XAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8000000 | PA      | $0.00         | 0.00%             | 2020-12-31      | Fixed         | 14.00%                | Yes           |                  3 | On Loan: No      |
| CAPSTONE BORROWER I 8.00% | CAPSTONE BORROWER I 8.00% | CUSIP: 140944AA7<br>LEI: 254900YSP2BAI3YKIX08 | Long             | DBT              | CORP              | US        |   3015000 | PA      | $2880771.90   | 0.14%             | 2030-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| RFNA LP 7.875%            | RFNA LP 7.875%            | CUSIP: 74984AAA0<br>LEI: 2549002A4GSOTYKKHR45 | Long             | DBT              | CORP              | US        |   9035000 | PA      | $8634685.53   | 0.41%             | 2030-02-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GBL. CALCA 3.875% | VENTURE GBL. CALCA 3.875% | CUSIP: 92328MAC7<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |   5115000 | PA      | $4532382.57   | 0.22%             | 2033-11-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GBL. LNG I 8.375% | VENTURE GBL. LNG I 8.375% | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   9283000 | PA      | $9654091.08   | 0.46%             | 2031-06-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| OWENS-BROCKWAY GLAS 7.25% | OWENS-BROCKWAY GLAS 7.25% | CUSIP: 69073TAU7<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1340644.48   | 0.06%             | 2031-05-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| VICTRA HLDGS. LLC / 8.75% | VICTRA HLDGS. LLC / 8.75% | CUSIP: 92648DAA4<br>LEI: 549300KWDYQKQSF0MQ18 | Long             | DBT              | CORP              | US        |   6135000 | PA      | $6367258.83   | 0.31%             | 2029-09-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| CD&R SMOKEY BUYER / 9.50% | CD&R SMOKEY BUYER / 9.50% | CUSIP: 12515KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1690000 | PA      | $1437540.74   | 0.07%             | 2029-10-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| M/I HOMES INC 3.95%       | M/I HOMES INC 3.95%       | CUSIP: 55305BAV3<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |   2010000 | PA      | $1885031.47   | 0.09%             | 2030-02-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA FIN 6.375% | VISTAJET MALTA FIN 6.375% | CUSIP: 92840JAB5<br>LEI: 5299001UK94VGT0CPQ36 | Long             | DBT              | CORP              | MT        |   4055000 | PA      | $3501931.66   | 0.17%             | 2030-02-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| TALEN ENERGY SUPPL 8.625% | TALEN ENERGY SUPPL 8.625% | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |   3375000 | PA      | $3540634.88   | 0.17%             | 2030-06-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| TRANSMONTAIGNE PART 8.50% | TRANSMONTAIGNE PART 8.50% | CUSIP: 89377AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5215000 | PA      | $5272057.32   | 0.25%             | 2030-06-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL 6.875%   | PARAMOUNT GLOBAL 6.875%   | CUSIP: 925524AX8<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   3150000 | PA      | $2763093.85   | 0.13%             | 2036-04-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHS. INC 7.65%    | LUMEN TECHS. INC 7.65%    | CUSIP: 156700AT3<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    335000 | PA      | $307362.50    | 0.01%             | 2042-03-15      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| ZIPRECRUITER INC 5.00%    | ZIPRECRUITER INC 5.00%    | CUSIP: 98980BAA1<br>LEI: 549300HLOVNNFCY2IV80 | Long             | DBT              | CORP              | US        |   1724000 | PA      | $993012.79    | 0.05%             | 2030-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| PERRIGO FIN. UNLIM 6.125% | PERRIGO FIN. UNLIM 6.125% | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |   2960000 | PA      | $2700795.32   | 0.13%             | 2032-09-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL CORP 6.00%     | MURPHY OIL CORP 6.00%     | CUSIP: 626717AP7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |   3525000 | PA      | $3501103.32   | 0.17%             | 2032-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PATRICK INDS. INC 6.375%  | PATRICK INDS. INC 6.375%  | CUSIP: 703343AH6<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |   6650001 | PA      | $6649575.00   | 0.32%             | 2032-11-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| FREEDOM MTGE. HLDG 8.375% | FREEDOM MTGE. HLDG 8.375% | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   2405000 | PA      | $2365784.79   | 0.11%             | 2032-04-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| QUIKRETE HLDGS. IN 6.375% | QUIKRETE HLDGS. IN 6.375% | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   4896000 | PA      | $4964558.69   | 0.24%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS IN 7.50% | CLEVELAND-CLIFFS IN 7.50% | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   2971000 | PA      | $2963446.23   | 0.14%             | 2031-09-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| STONEPEAK NILE PARE 7.25% | STONEPEAK NILE PARE 7.25% | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |   6435000 | PA      | $6693024.20   | 0.32%             | 2032-03-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CLARIOS GBL. LP / C 6.75% | CLARIOS GBL. LP / C 6.75% | CUSIP: 18060TAC9<br>LEI: 549300474L1ZLXZY2P98 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3029193.00   | 0.15%             | 2028-05-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| HUNTSMAN INTL. LLC 5.70%  | HUNTSMAN INTL. LLC 5.70%  | CUSIP: 44701QBG6<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |   2335000 | PA      | $2148000.80   | 0.10%             | 2034-10-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| AETHON UTD. BR LP / 7.50% | AETHON UTD. BR LP / 7.50% | CUSIP: 00810GAD6<br>LEI: 5493007HPG2M9K9X5V41 | Long             | DBT              | CORP              | US        |   4065000 | PA      | $4239652.73   | 0.20%             | 2029-10-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| WINDSTREAM SERVS. L 8.25% | WINDSTREAM SERVS. L 8.25% | CUSIP: 97381AAA0<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |   9431000 | PA      | $9856875.67   | 0.47%             | 2031-10-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| DISH DBS CORP 5.25%       | DISH DBS CORP 5.25%       | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8122000 | PA      | $8052340.53   | 0.39%             | 2026-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| TITAN INTL. INC 7.00%     | TITAN INTL. INC 7.00%     | CUSIP: 88830MAM4<br>LEI: 254900CXRGBE7C4B5A06 | Long             | DBT              | CORP              | US        |   5060000 | PA      | $5049911.37   | 0.24%             | 2028-04-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ALLWYN ENTERTAINME 7.875% | ALLWYN ENTERTAINME 7.875% | CUSIP: 02007VAA8<br>LEI: 315700J7ZTIN8XGCX365 | Long             | DBT              | CORP              | GB        |   4795000 | PA      | $4901146.48   | 0.24%             | 2029-04-30      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| EMRLD BORROWER LP 6.625%  | EMRLD BORROWER LP 6.625%  | CUSIP: 29103CAA6<br>LEI: 5493000GJYE7GAQCUC61 | Long             | DBT              | CORP              | US        |   9640000 | PA      | $9804448.76   | 0.47%             | 2030-12-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| XPO INC 7.125%            | XPO INC 7.125%            | CUSIP: 98379KAB8<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |   8069000 | PA      | $8311747.80   | 0.40%             | 2031-06-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| CERDIA FINANZ GMBH 9.375% | CERDIA FINANZ GMBH 9.375% | CUSIP: 15679GAC6<br>LEI: 391200KURNDJSX9GX570 | Long             | DBT              | CORP              | DE        |  11855000 | PA      | $11742733.15  | 0.56%             | 2031-10-03      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH PIK  | IHO VERWALTUNGS GMBH PIK  | CUSIP: 44963BAF5<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |   4654000 | PA      | $4730772.38   | 0.23%             | 2030-11-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| FERTITTA ENTERTAINM 6.75% | FERTITTA ENTERTAINM 6.75% | CUSIP: 31556TAC3<br>LEI: 984500A0805D8V551D35 | Long             | DBT              | CORP              | US        |   3995000 | PA      | $3731539.34   | 0.18%             | 2030-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS. LLC / CC 4.75% | CCO HLDGS. LLC / CC 4.75% | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12170000 | PA      | $11003712.39  | 0.53%             | 2032-02-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| FIRST QUANTUM MINE 8.625% | FIRST QUANTUM MINE 8.625% | CUSIP: 335934AU9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   8860000 | PA      | $9186437.84   | 0.44%             | 2031-06-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| CBOT                      | FUT. US 2YR T-NOTE JUN26  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       400 | NC      | $82978160.00  | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOT                      | FUT. YR T NOTE JUN26      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       500 | NC      | $54089850.00  | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** Northern Funds

**Signature:** Randal E. Rein

**Name of Signer:** Randal E. Rein

**Title:** Treasurer and Principal Financial Officer