# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001004726-25-002238
**Filing Date:** 2025-11
**Character Count:** 140963
**Document Hash:** 189ca67e956e77c2b1a8dd5160bd5937
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-25-002238.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001004726-25-002238

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS
- **CENTRAL INDEX KEY:** 0000802716

**ORGANIZATION NAME:**
- **EIN:** 316364605
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04852
- **FILM NUMBER:** 251520327

**BUSINESS ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144
- **BUSINESS PHONE:** 6144708000

**MAIL ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SOCIETY FUNDS
- **DATE OF NAME CHANGE:** 19940906

## Series and Classes Contracts Data

### Victory High Yield Fund (Series ID: S000053572)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168374 | Class A      | GUHYX           |
| C000168375 | Class C      | RHYCX           |
| C000168376 | Class R      | RHYKX           |
| C000168377 | Class Y      | RSYYX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Victory Portfolios

- **b. Investment Company Act file number:** 811-04852

- **c. CIK number of Registrant:** 0000802716

- **d. LEI of Registrant:** 549300V07N3HJP1EW330

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

  - **Street Address 1:** 15935 La Cantera Parkway Building Two

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 800-539-3863

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

- **a. Name of Series:** Victory High Yield Fund

- **b. EDGAR series identifier (if any):** S000053572

- **c. LEI of Series:** 549300YO611MKRHL4648

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

- **a. Date of fiscal year-end:** 2025-12-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $127898895.01

**Total Liabilities:** $4638127.32

**Net Assets:** $123260767.69

**Cash Not Reported:** $984868.34

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -25.12106452 | **1-Year:** -349.75201429 | **5-Year:** -794.98523257 | **10-Year:** -521.72902564 | **30-Year:** -133.37471081

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

- **3-Month:** -278.59719852 | **1-Year:** -8122.74151593 | **5-Year:** -18677.12912032 | **10-Year:** -4754.73943270 | **30-Year:** -145.50698129

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000168375 | 0.47%                | 0.66%                | 0.80%                |
| Class ID C000168374 | 0.71%                | 0.55%                | 1.04%                |
| Class ID C000168376 | 0.67%                | 0.51%                | 1.00%                |
| Class ID C000168377 | 0.56%                | 0.75%                | 0.89%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $139522.73               | $-13937.97                                 |
| Month 2  | $-41971.07               | $162349.46                                 |
| Month 3  | $-4344.33                | $594339.85                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CCO HOLDINGS, LLC                                       | CCO HOLDINGS LLC CCO HOLDINGS CAPITAL CORP         | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1535000 | PA      | $1327355.54   | 1.08%             | 2034-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| LITHIA MOTORS, INC.                                     | LITHIA MOTORS INC                                  | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |   1503000 | PA      | $1426689.60   | 1.16%             | 2031-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC.                                          | TRANSDIGM INC                                      | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    435000 | PA      | $439824.25    | 0.36%             | 2033-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| BWX TECHNOLOGIES, INC.                                  | BWX TECHNOLOGIES INC                               | CUSIP: 05605HAC4<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |    150000 | PA      | $145415.77    | 0.12%             | 2029-04-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC.                                  | ELLUCIAN HOLDINGS INC                              | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |    260000 | PA      | $264869.74    | 0.21%             | 2029-12-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| LIGHT AND WONDER INTERNATIONAL, INC.                    | LIGHT WONDER INTERNATIONAL INC                     | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160251.50    | 0.13%             | 2033-10-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| AMYNTA AGENCY BORROWER INC.                             | AMYNTA AGENCY BORROWER INC AND AMYNTA WARRANTY     | CUSIP: 03238AAA3<br>LEI: 5493000GP6HBRVTWBO85 | Long             | DBT              | CORP              | US        |    103000 | PA      | $105804.24    | 0.09%             | 2033-07-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I PLC                              | VMED O2 UK FINANCING I PLC                         | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    240000 | PA      | $225680.71    | 0.18%             | 2031-07-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| TAYLOR MORRISON COMMUNITIES, INC.                       | TAYLOR MORRISON COMMUNITIES INC                    | CUSIP: 87724RAJ1<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    188000 | PA      | $187510.73    | 0.15%             | 2030-08-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Azorra Finance Limited                                  | AZORRA FINANCE LTD                                 | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |   1385000 | PA      | $1456782.39   | 1.18%             | 2030-04-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| WASTE PRO USA, INC.                                     | WASTE PRO USA INC                                  | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |    268000 | PA      | $278366.79    | 0.23%             | 2033-02-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Consolidated Energy Finance S.A.                        | CONSOLIDATED ENERGY FINANCE SA                     | CUSIP: 20914UAH9<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    280000 | PA      | $256917.59    | 0.21%             | 2031-02-15      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: —       |
| WarnerMedia Holdings, Inc.                              | WARNERMEDIA HOLDINGS INC                           | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    456000 | PA      | $364033.92    | 0.30%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BEAZER HOMES USA, INC.                                  | BEAZER HOMES USA INC                               | CUSIP: 07556QBU8<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |    650000 | PA      | $659882.69    | 0.54%             | 2031-03-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC.                           | UNIVISION COMMUNICATIONS INC                       | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    350000 | PA      | $354135.01    | 0.29%             | 2030-06-30      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| AMSTED INDUSTRIES INCORPORATED                          | AMSTED INDUSTRIES INC                              | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |    426000 | PA      | $437624.44    | 0.36%             | 2033-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CVS HEALTH CORPORATION                                  | CVS HEALTH CORP                                    | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     96000 | PA      | $101016.33    | 0.08%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NORDSTROM, INC.                                         | NORDSTROM INC                                      | CUSIP: 655664AT7<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    147000 | PA      | $138320.90    | 0.11%             | 2030-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HANESBRANDS INC.                                        | HANESBRANDS INC                                    | CUSIP: 410345AQ5<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |    225000 | PA      | $238319.43    | 0.19%             | 2031-02-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: —       |
| IHO Verwaltungs GmbH                                    | IHO VERWALTUNGS GMBH                               | CUSIP: 44963BAG3<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |    500000 | PA      | $525972.58    | 0.43%             | 2032-11-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD.                            | ROYAL CARIBBEAN CRUISES LTD                        | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1055000 | PA      | $1081719.96   | 0.88%             | 2033-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| GXO LOGISTICS, INC.                                     | GXO LOGISTICS INC                                  | CUSIP: 36262GAG6<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |    134000 | PA      | $143905.85    | 0.12%             | 2034-05-06      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING, INC.                                 | LEVEL 3 FINANCING INC                              | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    223000 | PA      | $226825.98    | 0.18%             | 2034-03-31      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND                    | HSBC US GOVT MMKT-I                                | CUSIP: 40428X107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    447458 | NS      | $447458.13    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ONESKY FLIGHT, LLC                                      | ONESKY FLIGHT LLC                                  | CUSIP: 68278CAA3<br>LEI: 549300PM6NEPXGG5B882 | Long             | DBT              | CORP              | US        |    335000 | PA      | $354336.50    | 0.29%             | 2029-12-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| FLUTTER TREASURY DESIGNATED ACTIVITY COMPANY            | FLUTTER TREASURY DAC                               | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |     27000 | PA      | $27417.07     | 0.02%             | 2031-06-04      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Edgewell Personal Care Company                          | EDGEWELL PERSONAL CARE CO                          | CUSIP: 28035QAB8<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |    315000 | PA      | $299784.29    | 0.24%             | 2029-04-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| LEVEL 3 FINANCING, INC.                                 | LEVEL 3 FINANCING INC                              | CUSIP: 527298CF8<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    334000 | PA      | $292677.67    | 0.24%             | 2030-10-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| WINDSTREAM SERVICES, LLC                                | WINDSTREAM SERVICES LLC                            | CUSIP: 97382BAB5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |    215000 | PA      | $214731.25    | 0.17%             | 2033-10-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| C&S GROUP ENTERPRISES LLC                               | C S GROUP ENTERPRISES LLC                          | CUSIP: 12467AAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    307000 | PA      | $277726.45    | 0.23%             | 2028-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL AUTO HOLDINGS PLC                                | GLOBAL AUTO HOLDINGS LTD AAG FH UK LTD             | CUSIP: 00033GAB1<br>LEI: 984500ADEF1BB0584352 | Long             | DBT              | CORP              | GB        |    208000 | PA      | $202280.07    | 0.16%             | 2032-01-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS, INC.                             | QUEEN MERGERCO INC                                 | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51916.12     | 0.04%             | 2032-04-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS, INC.                    | CLEAR CHANNEL OUTDOOR HOLDINGS INC                 | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    194000 | PA      | $203729.74    | 0.17%             | 2030-04-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOGY PTE. LTD.               | SEAGATE DATA STORAGE TECHNOLOGY PTE LTD            | CUSIP: 81180LAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    300000 | PA      | $340157.70    | 0.28%             | 2032-12-01      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER, LP                                    | MEDLINE BORROWER LP MEDLINE CO ISSUER INC          | CUSIP: 58506DAA6<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    175000 | PA      | $179616.11    | 0.15%             | 2029-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Enpro Inc.                                              | ENPRO INC                                          | CUSIP: 29355XAH0<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128180.21    | 0.10%             | 2033-06-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| OVINTIV INC.                                            | OVINTIV INC                                        | CUSIP: 69047JXL7<br>LEI: 2549003MEX7YMKLGI239 | Long             | STIV             | CORP              | US        |   1200000 | PA      | $1196820.00   | 0.97%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND          | GLDMN SCHS FIN SQ GV-FST                           | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    447458 | NS      | $447458.13    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD.                             | FIRST QUANTUM MINERALS LTD                         | CUSIP: 335934AX3<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    167000 | PA      | $172655.94    | 0.14%             | 2034-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| COREWEAVE, INC.                                         | COREWEAVE INC                                      | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |     51000 | PA      | $52670.03     | 0.04%             | 2030-06-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| AVIENT CORPORATION                                      | AVIENT CORP                                        | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |     80000 | PA      | $81234.92     | 0.07%             | 2031-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| PARK INTERMEDIATE HOLDINGS LLC.                         | PARK INTERMEDIATE HOLDINGS LLC                     | CUSIP: 70052LAC7<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |     80000 | PA      | $77978.09     | 0.06%             | 2029-05-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| LAMAR MEDIA CORP.                                       | LAMAR MEDIA CORP                                   | CUSIP: 513075BZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    104000 | PA      | $96834.95     | 0.08%             | 2031-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| PRA GROUP, INC.                                         | PRA GROUP INC                                      | CUSIP: 69354NAF3<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    210000 | PA      | $216741.81    | 0.18%             | 2030-01-31      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INTERNATIONAL CORPORATION          | SCIENCE APPLICATIONS INTERNATIONAL CORP            | CUSIP: 808625AB3<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |     53000 | PA      | $53000.00     | 0.04%             | 2033-11-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS, INC.                                | ADVANCE AUTO PARTS INC                             | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    500000 | PA      | $515664.83    | 0.42%             | 2033-08-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| MEN S WEARHOUSE INC                                     | MEN S WEARHOUSE INC                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     20063 | NS      | $401260.00    | 0.33%             |  |  |  | No            |                  3 | On Loan: No      |
| CSC HOLDINGS, LLC                                       | CSC HOLDINGS LLC                                   | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    900000 | PA      | $759407.93    | 0.62%             | 2029-01-31      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| Gray Media, Inc                                         | GRAY MEDIA INC                                     | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25527.74     | 0.02%             | 2032-07-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| TENET HEALTHCARE CORPORATION                            | TENET HEALTHCARE CORP                              | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    556000 | PA      | $555403.92    | 0.45%             | 2027-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORPORATION                                   | AIR LEASE CORP                                     | CUSIP: 00913WX26<br>LEI: 5493004NW4M4P8TMMK63 | Long             | STIV             | CORP              | US        |   1200000 | PA      | $1199699.52   | 0.97%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HIG FINANCE 2 LIMITED                                   | HYPERION REFINANCE S A R L                         | CUSIP: G4712JAY8<br>LEI: 213800OOZO37Y7YL2O58 | Long             | LON              | CORP              | GB        |    175000 | PA      | $174835.50    | 0.14%             | 2030-04-18      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| CENTRAL PARENT LLC                                      | CENTRAL PARENT LLC CDK GLOBAL II LLC               | CUSIP: 154915AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1544849.98   | 1.25%             | 2029-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| CVS HEALTH CORPORATION                                  | CVS CORP                                           | CUSIP: 12665JX61<br>LEI: 549300EJG376EN5NQE29 | Long             | STIV             | CORP              | US        |    300000 | PA      | $299770.29    | 0.24%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                                   | BELRON UK FINANCE PLC                              | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |    375000 | PA      | $379841.71    | 0.31%             | 2029-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| GOAT HOLDCO, LLC                                        | GOAT HOLDCO LLC                                    | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $256918.16    | 0.21%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| PEDIATRIX MEDICAL GROUP, INC.                           | MEDNAX INC                                         | CUSIP: 58502BAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $497176.71    | 0.40%             | 2030-02-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE LIMITED                           | MELCO REOSRTS FINANCE                              | CUSIP: 58547DAD1<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    150000 | PA      | $146839.52    | 0.12%             | 2029-12-04      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES, INC.                              | SENSATA TECHNOLOGIES INC                           | CUSIP: 81728UAC8<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    175000 | PA      | $181506.36    | 0.15%             | 2032-07-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS, INC.                      | CHS COMMUNITY HEALTH SYSTEMS INC                   | CUSIP: 12543DBQ2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    220000 | PA      | $226138.66    | 0.18%             | 2034-01-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS, LLC                                       | CSC HOLDINGS LLC                                   | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2068294.49   | 1.68%             | 2029-02-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| X CORP.                                                 | X CORP                                             | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    198980 | PA      | $195027.87    | 0.16%             | 2029-10-26      | Floating      | 10.81%                | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT, LLC                             | FERTITTA ENTERTAINMENT LLC                         | CUSIP: 31556TAC3<br>LEI: 984500A0805D8V551D35 | Long             | DBT              | CORP              | US        |     23000 | PA      | $21598.75     | 0.02%             | 2030-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| MURPHY OIL USA, INC.                                    | MURPHY OIL USA INC                                 | CUSIP: 626738AF5<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |    275000 | PA      | $255805.77    | 0.21%             | 2031-02-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| CENTRAL PARENT LLC                                      | CENTRAL PARENT INC                                 | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    205024 | PA      | $176888.88    | 0.14%             | 2029-07-06      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Alcoa Nederland Holding B.V.                            | ALCOA NEDERLAND HOLDING BV                         | CUSIP: 013822AH4<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |     50000 | PA      | $52475.01     | 0.04%             | 2031-03-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| BEACON MOBILITY FINANCE CORP.                           | BEACON MOBILITY CORP                               | CUSIP: 073644AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    102000 | PA      | $106122.92    | 0.09%             | 2030-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| JABIL INC.                                              | JABIL INC                                          | CUSIP: 46652LX36<br>LEI: 5493000CGCQY2OQU7669 | Long             | STIV             | CORP              | US        |   1200000 | PA      | $1199510.40   | 0.97%             |  |  |  | Yes           |                  2 | On Loan: No      |
| J. B. POINDEXTER & CO., INC.                            | JB POINDEXTER CO INC                               | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |    125000 | PA      | $131095.67    | 0.11%             | 2031-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| LEVEL 3 FINANCING, INC.                                 | LEVEL 3 FINANCING INC                              | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    306000 | PA      | $262176.84    | 0.21%             | 2029-07-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| GEN DIGITAL INC.                                        | NORTONLIFELOCK INC                                 | CUSIP: 668771AL2<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82526.11     | 0.07%             | 2030-09-30      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| DIRECTV FINANCING, LLC                                  | DIRECTV FINANCING LLC                              | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    558000 | PA      | $558239.86    | 0.45%             | 2031-02-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| CIMPRESS PUBLIC LIMITED COMPANY                         | CIMPRESS PLC                                       | CUSIP: 17186HAH5<br>LEI: 549300X1IFD75XISOR81 | Long             | DBT              | CORP              | IE        |    130000 | PA      | $129914.60    | 0.11%             | 2032-09-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                               | SUNOCO LP                                          | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    106000 | PA      | $105090.50    | 0.09%             | 2034-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| GETTY IMAGES, INC.                                      | GETTY IMAGES INC                                   | CUSIP: 374276AM5<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |    125000 | PA      | $119318.32    | 0.10%             | 2030-02-21      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: No      |
| U.S. ACUTE CARE SOLUTIONS, LLC                          | US ACUTE CARE SOLUTIONS LLC                        | CUSIP: 90367UAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    123000 | PA      | $125956.96    | 0.10%             | 2029-05-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| MASTERBRAND, INC.                                       | MASTERBRAND INC                                    | CUSIP: 57638PAA2<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | DBT              | CORP              | US        |    225000 | PA      | $232853.70    | 0.19%             | 2032-07-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| THE CHEMOURS COMPANY                                    | CHEMOURS CO THE                                    | CUSIP: 163851AJ7<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    843000 | PA      | $839094.25    | 0.68%             | 2033-01-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: —       |
| SANDISK CORPORATION                                     | SANDISK CORPORATION                                | CUSIP: 80004YAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    333333 | PA      | $333543.34    | 0.27%             | 2031-12-13      | Floating      | 7.14%                 | No            |                  2 | On Loan: No      |
| ATS CORPORATION                                         | ATS AUTOMATION TOOLING SYSTEMS INC                 | CUSIP: 001940AC9<br>LEI: 5493005KP4RP3IU7HQ41 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $143857.57    | 0.12%             | 2028-12-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| WINDSTREAM SERVICES, LLC                                | UNITI GROUP LP UNITI GROUP FINANCE 2019 INC        | CUSIP: 91327TAC5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |    102000 | PA      | $97447.68     | 0.08%             | 2032-06-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| THE E.W. SCRIPPS COMPANY                                | EW SCRIPPS CO THE                                  | CUSIP: 26928BAQ2<br>LEI: 549300U1OW41QPKYW028 | Long             | LON              | CORP              | US        |    243459 | PA      | $245031.58    | 0.20%             | 2028-06-30      | Floating      | 9.90%                 | No            |                  2 | On Loan: No      |
| FORESTAR GROUP INC.                                     | FORESTAR GROUP INC                                 | CUSIP: 346232AG6<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |    208000 | PA      | $212500.65    | 0.17%             | 2033-03-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| BLUELINX HOLDINGS INC.                                  | BLUELINX HOLDINGS INC                              | CUSIP: 09624HAA7<br>LEI: 549300YSX7GU28F5I540 | Long             | DBT              | CORP              | US        |     64000 | PA      | $62876.10     | 0.05%             | 2029-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| GENESEE & WYOMING INC.                                  | GENESEE WYOMING INC                                | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |    344000 | PA      | $349886.61    | 0.28%             | 2032-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRISES LLC                             | SAKS GLOBAL ENTERPRISES LLC                        | CUSIP: 79380MAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     73000 | PA      | $37846.79     | 0.03%             | 2029-12-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: —       |
| VISTRA OPERATIONS COMPANY LLC                           | VISTRA OPERATIONS CO LLC                           | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156932.83    | 0.13%             | 2032-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS, INC.                                 | QUIKRETE HOLDINGS INC                              | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    558000 | PA      | $578139.27    | 0.47%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| SOLSTICE ADVANCED MATERIALS INC.                        | SOLSTICE ADVANCED MATERIALS INC                    | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |     11000 | PA      | $11036.34     | 0.01%             | 2033-09-30      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| CENTENE CORPORATION                                     | CENTENE CORP                                       | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    736000 | PA      | $713840.94    | 0.58%             | 2029-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS, INC.                    | CLEAR CHANNEL OUTDOOR HOLDINGS INC                 | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     92000 | PA      | $89380.33     | 0.07%             | 2029-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Kioxia Holdings Corporation                             | KIOXIA HOLDINGS CORP                               | CUSIP: 49726JAB4<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |   1657000 | PA      | $1699787.02   | 1.38%             | 2033-07-24      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| NEWELL BRANDS INC.                                      | NEWELL BRANDS INC                                  | CUSIP: 651229AX4<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79769.37     | 0.06%             | 2036-04-01      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROUP, INC.                         | SINCLAIR TELEVISION GROUP INC                      | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    280000 | PA      | $288207.15    | 0.23%             | 2033-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO, LLC                            | BEACH ACQUISITION BIDCO LLC                        | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    155000 | PA      | $167424.89    | 0.14%             | 2033-07-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Carnival Corporation                                    | CARNIVAL CORP                                      | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     50000 | PA      | $51265.43     | 0.04%             | 2033-02-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| LATAM Airlines Group S.A.                               | LATAM AIRLINES GROUP SA                            | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |    273000 | PA      | $284492.68    | 0.23%             | 2030-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| OSAIC HOLDINGS, INC.                                    | OSAIC HOLDINGS INC                                 | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    104000 | PA      | $107286.06    | 0.09%             | 2032-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORPORATION                     | SIX FLAGS ENTERTAINMENT CORP                       | CUSIP: 83002YAA7<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |    357000 | PA      | $363837.82    | 0.30%             | 2032-05-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| HERC HOLDINGS INC.                                      | HERC HOLDINGS INC                                  | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    391000 | PA      | $408522.27    | 0.33%             | 2033-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CENTURY COMMUNITIES, INC.                               | CENTURY COMMUNITIES INC                            | CUSIP: 156504AM4<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |    300000 | PA      | $282261.60    | 0.23%             | 2029-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS, INC.                                | SPIRIT AEROSYSTEMS INC                             | CUSIP: 85205TAN0<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    625000 | PA      | $658488.37    | 0.53%             | 2029-11-30      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| ENTERGY CORPORATION                                     | ENTERGY CORP                                       | CUSIP: 29364GAQ6<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |    750000 | PA      | $785350.18    | 0.64%             | 2054-12-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| TKC HOLDINGS, INC.                                      | TKC HOLDINGS INC                                   | CUSIP: 87256YAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    470000 | PA      | $482514.76    | 0.39%             | 2029-05-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| S&S HOLDINGS, LLC                                       | S S HOLDINGS LLC                                   | CUSIP: 78525CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $245092.92    | 0.20%             | 2031-10-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER, LP                                    | MOZART DEBT MERGER SUB INC                         | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    362000 | PA      | $349328.80    | 0.28%             | 2029-04-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS INC.                              | ROGERS COMMUNICATIONS INC                          | CUSIP: 775109DG3<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    111000 | PA      | $115844.57    | 0.09%             | 2055-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ESAB CORPORATION                                        | ESAB CORP                                          | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82216.48     | 0.07%             | 2029-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| VIRGIN MEDIA FINANCE PLC                                | VIRGIN MEDIA FINANCE PLC                           | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |      5000 | PA      | $4641.31      | 0.00%             | 2030-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| TRUIST BANK AUTO CREDIT-LINKED NOTES                    | TRUIST BANK AUTO CREDIT LINKED NOTES SERIES 2025 1 | CUSIP: 897926CC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $100070.69    | 0.08%             | 2033-09-26      | Fixed         | 6.81%                 | Yes           |                  2 | On Loan: No      |
| AAR ESCROW ISSUER, LLC                                  | AAR ESCROW ISSUER LLC                              | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $464087.98    | 0.38%             | 2029-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| EMRLD BORROWER LP                                       | EMRLD BORROWER LP EMERALD CO ISSUER INC            | CUSIP: 26873CAB8<br>LEI: 5493000GJYE7GAQCUC61 | Long             | DBT              | CORP              | US        |    482000 | PA      | $500912.65    | 0.41%             | 2031-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| JANE STREET GROUP, LLC                                  | JANE STREET GROUP JSG FINANCE INC                  | CUSIP: 47077WAE8<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |    851000 | PA      | $884313.90    | 0.72%             | 2033-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| DENTSPLY SIRONA INC.                                    | DENTSPLY SIRONA INC                                | CUSIP: 24906PAB5<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |    398000 | PA      | $410573.47    | 0.33%             | 2055-09-12      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| GGAM Finance Limited                                    | GGAM FINANCE LTD                                   | CUSIP: 36170JAE6<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    300000 | PA      | $304721.60    | 0.25%             | 2030-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corporation                                    | CARNIVAL CORP                                      | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    847000 | PA      | $859706.27    | 0.70%             | 2029-05-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| TKC HOLDINGS, INC.                                      | TKC HOLDINGS INC                                   | CUSIP: 87256FAJ3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    194998 | PA      | $195080.00    | 0.16%             | 2028-05-15      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS (NORTH AMERICA), INC.                    | UNITED RENTALS INC                                 | CUSIP: 911365BR4<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    855000 | PA      | $889784.93    | 0.72%             | 2034-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| BLOCK, INC.                                             | BLOCK INC                                          | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    152000 | PA      | $155718.28    | 0.13%             | 2033-08-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS LLC                                 | ZAYO GROUP HOLDINGS LLC                            | CUSIP: 98919XAE1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    326821 | PA      | $326235.53    | 0.26%             | 2027-03-09      | Floating      | 8.49%                 | No            |                  2 | On Loan: No      |
| Post Holdings, Inc.                                     | POST HOLDINGS INC                                  | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90969.52     | 0.07%             | 2033-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| OSAIC HOLDINGS, INC.                                    | OSAIC HOLDINGS INC                                 | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    104000 | PA      | $107826.04    | 0.09%             | 2033-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| ECHOSTAR CORPORATION                                    | ECHOSTAR CORP                                      | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    748244 | PA      | $823266.03    | 0.67%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORPORATION                            | TENET HEALTHCARE CORP                              | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    278000 | PA      | $278460.74    | 0.23%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Viking Cruises Ltd                                      | VIKING CRUISES LTD                                 | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    107000 | PA      | $106904.40    | 0.09%             | 2033-10-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Performance Food Group, Inc.                            | PERFORMANCE FOOD GROUP INC                         | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    750000 | PA      | $768638.63    | 0.62%             | 2032-09-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICES, INC.                         | PRIME HEALTHCARE SERVICES INC                      | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $364110.12    | 0.30%             | 2029-09-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| NISSAN MOTOR CO., LTD.                                  | NISSAN MOTOR CO LTD                                | CUSIP: 654922AC7<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    203000 | PA      | $214827.35    | 0.17%             | 2032-07-17      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG, LLC                     | VENTURE GLOBAL PLAQUEMINES LNG LLC                 | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    300000 | PA      | $338649.60    | 0.27%             | 2035-05-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| M/I HOMES, INC.                                         | M I HOMES INC                                      | CUSIP: 55305BAS0<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |    410000 | PA      | $407682.64    | 0.33%             | 2028-02-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| UNICREDIT, SOCIETA PER AZIONI                           | UNICREDIT SPA                                      | CUSIP: 904678AF6<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |    725000 | PA      | $736300.16    | 0.60%             | 2032-06-19      | Fixed         | 5.86%                 | Yes           |                  2 | On Loan: No      |
| KNIFE RIVER CORPORATION                                 | KNIFE RIVER HOLDING CO                             | CUSIP: 498894AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $472450.04    | 0.38%             | 2031-05-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| THE E.W. SCRIPPS COMPANY                                | SCRIPPS ESCROW II INC                              | CUSIP: 81105DAB1<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |    143000 | PA      | $100597.17    | 0.08%             | 2031-01-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| LOUISIANA-PACIFIC CORPORATION                           | LOUISIANA PACIFIC CORP                             | CUSIP: 546347AM7<br>LEI: 549300C7E2UAO5BVRR75 | Long             | DBT              | CORP              | US        |    150000 | PA      | $143669.04    | 0.12%             | 2029-03-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| ANYWHERE REAL ESTATE GROUP LLC                          | ANYWHERE REAL ESTATE GROUP LLC REALOGY CO ISSUER   | CUSIP: 75606DAQ4<br>LEI: LF6PBYTYG3BDVEF4FI12 | Long             | DBT              | CORP              | US        |    214000 | PA      | $200433.37    | 0.16%             | 2030-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| ROCKET SOFTWARE, INC.                                   | ROCKET SOFTWARE INC                                | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103085.14    | 0.08%             | 2028-11-28      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| NCL CORPORATION LTD.                                    | NCL CORP LTD                                       | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    530000 | PA      | $545201.99    | 0.44%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP, INC.                              | PICARD MIDCO INC                                   | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    355000 | PA      | $358381.09    | 0.29%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORPORATION                          | ZEBRA TECHNOLOGIES CORP                            | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |    225000 | PA      | $231109.38    | 0.19%             | 2032-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| BOYNE USA INC.                                          | BOYNE USA INC                                      | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    329000 | PA      | $322811.52    | 0.26%             | 2029-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| COGENT COMMUNICATIONS GROUP, LLC                        | COGENT COMMS GRP FIN                               | CUSIP: 19240WAB5<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |    306000 | PA      | $297600.94    | 0.24%             | 2032-07-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL AUTO HOLDINGS PLC                                | GLOBAL AUTO HOLDINGS LTD AAG FH UK LTD             | CUSIP: 00033YAA4<br>LEI: 984500ADEF1BB0584352 | Long             | DBT              | CORP              | GB        |    157000 | PA      | $165675.60    | 0.13%             | 2029-08-15      | Fixed         | 11.50%                | Yes           |                  2 | On Loan: No      |
| CORNERSTONE BUILDING BRANDS, INC.                       | CORNERSTONE BUILDING BRANDS INC                    | CUSIP: 21925DAB5<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |    879000 | PA      | $854004.35    | 0.69%             | 2029-08-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD.                            | ROYAL CARIBBEAN CRUISES LTD                        | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     87000 | PA      | $88632.36     | 0.07%             | 2031-09-30      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE LIMITED                          | ARDONAGH GROUP FINANCE                             | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |    500000 | PA      | $526142.30    | 0.43%             | 2032-02-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRISES LLC                             | SAKS GLOBAL ENTERPRISES LLC                        | CUSIP: 79380MAC9<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |    200750 | PA      | $75041.16     | 0.06%             | 2029-12-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| RAND PARENT, LLC                                        | RAND PARENT LLC                                    | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $259790.22    | 0.21%             | 2030-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: —       |
| JO ANN STORES LLC                                       | JO ANN STORES LLC                                  | CUSIP: 47768J200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3118 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| DIEBOLD NIXDORF, INCORPORATED                           | DIEBOLD NIXDORF INC                                | CUSIP: 253651AK9<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |     36000 | PA      | $38119.70     | 0.03%             | 2030-03-31      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| COVIS EQUITY E                                          | COVIS EQUITY E                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      1622 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SOTHEBY'S                                               | SOTHEBY S                                          | CUSIP: 835898AH0<br>LEI: 549300P5BAAMQQ7VL735 | Long             | DBT              | CORP              | US        |    832000 | PA      | $831641.99    | 0.67%             | 2027-10-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                               | SUNOCO LP                                          | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    400000 | PA      | $407095.27    | 0.33%             | 2033-07-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FINANCE SA                          | CONSOLIDATED ENERGY FINANCE SA                     | CUSIP: L1957LAE1<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |    200000 | PA      | $186536.00    | 0.15%             | 2030-11-18      | Floating      | 8.66%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT, LLC                                     | VOYAGER PARENT LLC                                 | CUSIP: 92921HAC9<br>LEI: 2549002DYVI4ACSV4V71 | Long             | LON              | CORP              | US        |    200000 | PA      | $200274.00    | 0.16%             | 2032-05-09      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I, L.P.                                  | HILCORP ENERGY I LP HILCORP FINANCE CO             | CUSIP: 431318BG8<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    315000 | PA      | $308228.91    | 0.25%             | 2035-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ENDEAVOUR MINING PLC                                    | ENDEAVOUR MINING PLC                               | CUSIP: 29261HAB1<br>LEI: 529900NI5MXQ91GHXR07 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $206308.61    | 0.17%             | 2030-05-28      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS, INC.                      | CHS COMMUNITY HEALTH SYSTEMS INC                   | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     71000 | PA      | $75227.04     | 0.06%             | 2032-01-15      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| COVIS EQUITY B                                          | COVIS EQUITY B                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      1622 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| DISH DBS Corporation                                    | DISH DBS CORP                                      | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1206000 | PA      | $1197247.92   | 0.97%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING, LLC                        | PERMIAN RESOURC OPTG LLC                           | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    280000 | PA      | $280099.89    | 0.23%             | 2029-07-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| THE E.W. SCRIPPS COMPANY                                | SCRIPPS ESCROW II INC                              | CUSIP: 81105DAA3<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |    218000 | PA      | $192571.51    | 0.16%             | 2029-01-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| THE HERTZ CORPORATION                                   | HERTZ CORP THE                                     | CUSIP: 428040DC0<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    400000 | PA      | $423943.87    | 0.34%             | 2029-07-15      | Fixed         | 12.62%                | Yes           |                  2 | On Loan: —       |
| CP ATLAS BUYER, INC.                                    | CP ATLAS BUYER INC                                 | CUSIP: 12658HAL6<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | LON              | CORP              | US        |    410542 | PA      | $401304.81    | 0.33%             | 2030-07-08      | Floating      | 9.41%                 | No            |                  2 | On Loan: No      |
| MATTAMY GROUP CORPORATION                               | MATTAMY GROUP CORP                                 | CUSIP: 57701RAM4<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |    260000 | PA      | $251345.34    | 0.20%             | 2030-03-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| FMC CORPORATION                                         | FMC CORP                                           | CUSIP: 34410WXG2<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | STIV             | CORP              | US        |   1200000 | PA      | $1197375.12   | 0.97%             |  |  |  | Yes           |                  2 | On Loan: No      |
| C S WHOLESALE GROCERS                                   | C S WHOLESALE GROCERS                              | CUSIP: BL5176302<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    750000 | PA      | $731250.00    | 0.59%             | 2030-08-06      | Floating      | 9.00%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS, LLC                   | FRONTIER COMMUNICATIONS CORP                       | CUSIP: 35906ABG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    333000 | PA      | $336351.83    | 0.27%             | 2029-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES, LP                                | RHP HOTEL PROPERTIES LP RHP FINANCE CORP           | CUSIP: 749571AG0<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |    162000 | PA      | $158835.13    | 0.13%             | 2029-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| TAYLOR MORRISON COMMUNITIES, INC.                       | TAYLOR MORRISON COMM                               | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    175000 | PA      | $177508.58    | 0.14%             | 2028-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC.                           | UNIVISION COMMUNICATIONS INC                       | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    205000 | PA      | $217453.43    | 0.18%             | 2032-08-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| Viking Cruises Ltd                                      | VIKING CRUISES LTD                                 | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    138000 | PA      | $148207.13    | 0.12%             | 2031-07-15      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| PETSMART LLC                                            | PETSMART INC PETSMART FINANCE CORP                 | CUSIP: 71677KAD0<br>LEI: 894500NGJMHSFNESGA67 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50570.48     | 0.04%             | 2033-09-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| GREAT OUTDOORS GROUP, LLC                               | GREAT AMERICAN OUTDOORS                            | CUSIP: 07014QAP6<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |    149250 | PA      | $149063.44    | 0.12%             | 2032-03-05      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORPORATION                                | DISH NETWORK CORP                                  | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   1366000 | PA      | $1445825.74   | 1.17%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| BOYD GAMING CORPORATION                                 | BOYD GAMING CORP                                   | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144678.10    | 0.12%             | 2031-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| SONOCO PRODUCTS COMPANY.                                | SONOCO PRODUCTS COMPANY                            | CUSIP: 83549RX66<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | STIV             | CORP              | US        |   1200000 | PA      | $1199061.12   | 0.97%             |  |  |  | Yes           |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC.                        | STANDARD INDUSTRIES INC NJ                         | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $905027.57    | 0.73%             | 2031-01-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| FIBERCOP S.P.A.                                         | OPTICS BIDCO SPA                                   | CUSIP: 683879AF7<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    345000 | PA      | $349546.65    | 0.28%             | 2036-07-18      | Fixed         | 7.20%                 | Yes           |                  2 | On Loan: No      |
| Grupo Aeromexico, S.A.B. de C.V.                        | GRUPO AEROMEXICO SAB DE CV                         | CUSIP: 40054JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    506000 | PA      | $504095.38    | 0.41%             | 2031-11-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMEDIATE LLC                        | AMERITEX HOLDCO INTERMEDIATE LLC                   | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    207000 | PA      | $215629.56    | 0.17%             | 2033-08-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                | SERVICE PROPERTIES TRUST                           | CUSIP: 44106MAY8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    143000 | PA      | $121679.56    | 0.10%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| ORGANON & CO.                                           | ORGANON FINANCE 1 LLC                              | CUSIP: 68622TAB7<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |    474000 | PA      | $414734.07    | 0.34%             | 2031-04-30      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| BAHA TRUST                                              | BAHA TRUST 2024 MAR                                | CUSIP: 05493XAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    107226 | PA      | $111867.59    | 0.09%             | 2041-12-10      | Variable      | 7.77%                 | Yes           |                  2 | On Loan: No      |
| COVIS EQUITY A                                          | COVIS EQUITY A                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      1622 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ACADIA HEALTHCARE COMPANY, INC.                         | ACADIA HEALTHCARE CO INC                           | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |     21000 | PA      | $21821.36     | 0.02%             | 2033-03-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: —       |
| SUNOCO LP                                               | SUNOCO LP                                          | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    287000 | PA      | $301396.82    | 0.24%             | 2032-05-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| VERMILION ENERGY INC.                                   | VERMILION ENERGY INC                               | CUSIP: 923725AE5<br>LEI: 8945009D1HGCJC8M8A68 | Long             | DBT              | CORP              | CA        |     80000 | PA      | $75973.45     | 0.06%             | 2033-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT, INC.                             | CAESARS ENTERTAINMENT INC                          | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    671000 | PA      | $684428.85    | 0.56%             | 2032-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: —       |
| ACRISURE, LLC                                           | ACRISURE LLC ACRISURE FINANCE INC                  | CUSIP: 00489LAL7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |    168000 | PA      | $175091.33    | 0.14%             | 2030-11-06      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| AXON ENTERPRISE, INC.                                   | AXON ENTERPRISE INC                                | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    142000 | PA      | $146631.67    | 0.12%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| COVIS FINCO SARL                                        | COVIS FINCO SARL                                   | CUSIP: L3680LAH4<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   1423022 | PA      | $56920.90     | 0.05%             | 2027-02-18      | Floating      | 10.98%                | No            |                  3 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS, INC.                    | CLEAR CHANNEL OUTDOOR HOLDINGS INC                 | CUSIP: 18453HAH9<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    315000 | PA      | $329712.28    | 0.27%             | 2033-03-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOGY PTE. LTD.               | SEAGATE DATA STORAGE TECHNOLOGY PTE LTD            | CUSIP: 81180LAQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    300000 | PA      | $317597.40    | 0.26%             | 2031-07-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| ARDONAGH FINCO LIMITED                                  | ARDONAGH FINCO LTD                                 | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    281000 | PA      | $294015.20    | 0.24%             | 2031-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| PETCO HEALTH AND WELLNESS COMPANY, INC.                 | PETCO ANIMAL SUPPLIES INC                          | CUSIP: 71601HAB2<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |   1949296 | PA      | $1896821.44   | 1.54%             | 2028-02-25      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA L.L.C.                                 | ASHTON WOODS USA LLC ASHTON WOODS FINANCE CO       | CUSIP: 045086AR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $156335.39    | 0.13%             | 2033-08-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ZF NORTH AMERICA CAPITAL, INC.                          | ZF NORTH AMERICA CAPITAL INC                       | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    450000 | PA      | $431132.75    | 0.35%             | 2032-04-23      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Smyrna Ready Mix Concrete, LLC                          | SMYRNA READY MIX CONCRETE LLC                      | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    433000 | PA      | $457381.11    | 0.37%             | 2031-11-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| THE HOWARD HUGHES CORPORATION                           | HOWARD HUGHES CORP THE                             | CUSIP: 44267DAF4<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    561000 | PA      | $526070.65    | 0.43%             | 2031-02-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| GEN DIGITAL INC.                                        | GEN DIGITAL INC                                    | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    111000 | PA      | $113699.76    | 0.09%             | 2033-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| BRIGHTSTAR LOTTERY PLC                                  | INTERNATIONAL GAME TECH                            | CUSIP: 460599AD5<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $302183.10    | 0.25%             | 2027-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| BLUE OWL TECHNOLOGY FINANCE CORP.                       | BLUE OWL TECHNOLOGY FINANCE CORP                   | CUSIP: 691205AC2<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |     88000 | PA      | $87947.82     | 0.07%             | 2025-12-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES, LP                                | RHP HOTEL PROPERTIES LP RHP FINANCE CORP           | CUSIP: 749571AK1<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |     79000 | PA      | $81257.06     | 0.07%             | 2032-04-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ALTA EQUIPMENT GROUP INC.                               | ALTA EQUIPMENT GROUP INC                           | CUSIP: 02128LAC0<br>LEI: 549300DGOB28CLGS1X27 | Long             | DBT              | CORP              | US        |     70000 | PA      | $65412.56     | 0.05%             | 2029-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| NRG ENERGY, INC.                                        | NRG ENERGY INC                                     | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300372.04    | 0.24%             | 2029-07-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| FRONTIER ISSUER LLC                                     | FRONTIER ISSUER LLC                                | CUSIP: 35910EAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    460000 | PA      | $479486.82    | 0.39%             | 2053-08-20      | Fixed         | 11.50%                | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES, INC.                              | ALBERTSONS COS INC                                 | CUSIP: 01309QAA6<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    922000 | PA      | $938084.95    | 0.76%             | 2028-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| COMPASS MINERALS INTERNATIONAL, INC.                    | COMPASS MINERALS INTERNATIONAL INC                 | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |     57000 | PA      | $59641.01     | 0.05%             | 2030-07-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| ATI INC                                                 | ALLEGHENY TECHNOLOGIES INC                         | CUSIP: 01741RAM4<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    350000 | PA      | $344528.72    | 0.28%             | 2031-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                           | FORD MOTOR CREDIT CO LLC                           | CUSIP: 345397E66<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     13000 | PA      | $13063.70     | 0.01%             | 2034-03-08      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP, INC.                           | ASBURY AUTOMOTIVE GROUP INC                        | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    600000 | PA      | $576287.33    | 0.47%             | 2032-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| NOVA Chemicals Corporation                              | NOVA CHEMICALS CORP                                | CUSIP: 66977WAV1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     85000 | PA      | $89525.97     | 0.07%             | 2031-12-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| HILCORP ENERGY I, L.P.                                  | HILCORP ENERGY                                     | CUSIP: 431319AH5<br>LEI: 549300ITPIHLG0LHEC09 | Long             | LON              | CORP              | US        |     49750 | PA      | $49750.00     | 0.04%             | 2030-02-05      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY, INC.                                      | VITAL ENERGY INC                                   | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    158000 | PA      | $153333.78    | 0.12%             | 2032-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST, INC.                           | STARWOOD PROPERTY TRUST INC                        | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    175000 | PA      | $183768.20    | 0.15%             | 2029-04-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROUP, INC.                         | SINCLAIR TELEVISION GROU                           | CUSIP: 829259AY6<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    306000 | PA      | $258703.64    | 0.21%             | 2030-03-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: —       |
| PARADIGM PARENT, LLC                                    | PARADIGM PARENT LLC AND PARADIGM PARENT CO ISSUER  | CUSIP: 69902PAA6<br>LEI: 254900EDT9YE5UFH3458 | Long             | DBT              | CORP              | US        |    114000 | PA      | $110722.50    | 0.09%             | 2032-04-17      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| MATCH GROUP HOLDINGS II, LLC                            | MATCH GROUP INC                                    | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    300000 | PA      | $294810.24    | 0.24%             | 2028-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| AMC NETWORKS INC.                                       | AMC NETWORKS INC                                   | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    225000 | PA      | $237182.23    | 0.19%             | 2029-01-15      | Fixed         | 10.25%                | Yes           |                  2 | On Loan: No      |
| VIKING OCEAN CRUISES SHIP VII LTD                       | VIKING OCEAN CRUISES SHIP VII LTD                  | CUSIP: 92682RAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    375000 | PA      | $375012.92    | 0.30%             | 2029-02-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| PRESTIGE BRANDS, INC.                                   | PRESTIGE BRANDS INC                                | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |    570000 | PA      | $524961.50    | 0.43%             | 2031-04-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| AMC ENTERTAINMENT HOLDINGS, INC.                        | AMC ENTERTAINMENT HOLDINGS INC                     | CUSIP: 00164CAD7<br>LEI: 549300ZO77UNR6NRBR11 | Long             | LON              | CORP              | US        |    612269 | PA      | $613420.41    | 0.50%             | 2029-01-04      | Floating      | 11.13%                | No            |                  2 | On Loan: No      |
| VAIL RESORTS, INC.                                      | VAIL RESORTS INC                                   | CUSIP: 91879QAP4<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |    135000 | PA      | $139714.15    | 0.11%             | 2032-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| AVIANCA MIDCO 2 PLC                                     | AVIANCA MIDCO 2 PLC                                | CUSIP: 05369YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    368000 | PA      | $364357.58    | 0.30%             | 2030-02-14      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: —       |
| CHURCHILL DOWNS INCORPORATED                            | CHURCHILL DOWNS INC                                | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128278.13    | 0.10%             | 2031-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ASHTON WOODS USA L.L.C.                                 | ASHTON WOODS USA LLC ASHTON WOODS FINANCE CO       | CUSIP: 045086AP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    565000 | PA      | $535861.43    | 0.43%             | 2030-04-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES, INC.                                 | AMERICAN AIRLINES INC                              | CUSIP: 023771T32<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $51189.81     | 0.04%             | 2028-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP.                                     | BAYTEX ENERGY CORP                                 | CUSIP: 07317QAK1<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |     54000 | PA      | $52901.73     | 0.04%             | 2032-03-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| LEVEL 3 FINANCING, INC.                                 | LEVEL 3 FINANCING INC                              | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    101903 | PA      | $103892.66    | 0.08%             | 2033-06-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP, INC.                              | CLOUD SOFTWARE GROUP INC                           | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51814.01     | 0.04%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| iShares BB Rated Corporate Bond ETF                     | ISHARES BB RATED CORPORATE BOND ETF                | CUSIP: 46435U473<br>LEI: N/A                  | Long             |  | RF                | US        |     90000 | NS      | $4257900.00   | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Gray Media, Inc                                         | GRAY TELEVISION INC                                | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     50000 | PA      | $54090.30     | 0.04%             | 2029-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| BURFORD CAPITAL GLOBAL FINANCE LLC                      | BURFORD CAPITAL GLOBAL FINANCE LLC                 | CUSIP: 12116LAG4<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    456000 | PA      | $464696.77    | 0.38%             | 2033-07-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                  | EQUIPMENTSHARE COM INC                             | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |    575000 | PA      | $614137.60    | 0.50%             | 2033-03-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| OSAIC HOLDINGS, INC.                                    | OSAIC HOLDINGS INC                                 | CUSIP: 68773JAG5<br>LEI: 549300XL60BDV6UW5C86 | Long             | LON              | CORP              | US        |     51802 | PA      | $51763.67     | 0.04%             | 2032-08-02      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION, LLC                                    | LBM ACQUISITION LLC                                | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |    250000 | PA      | $231525.68    | 0.19%             | 2029-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TELECOM ITALIA CAPITAL S.A.                             | TELECOM ITALIA CAPITAL SA                          | CUSIP: 87927VAR9<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |    125000 | PA      | $134628.24    | 0.11%             | 2036-07-18      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| ANYWHERE REAL ESTATE GROUP LLC                          | ANYWHERE REAL ESTATE GROUP LLC REALOGY CO ISSUE    | CUSIP: 75606DAV3<br>LEI: LF6PBYTYG3BDVEF4FI12 | Long             | DBT              | CORP              | US        |     50000 | PA      | $54553.30     | 0.04%             | 2030-04-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| 1261229 B.C. LTD.                                       | 1261229 BC LTD                                     | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    395000 | PA      | $405645.57    | 0.33%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| La Compagnie de Telephone Bell du Canada ou Bell Canada | BELL CANADA                                        | CUSIP: 0778FPAP4<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |     61000 | PA      | $63276.13     | 0.05%             | 2055-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA BRISTOL LLC                                | VIRGIN MEDIA BRISTOL LLC                           | CUSIP: G9368PBC7<br>LEI: 213800IQ982XX69LE276 | Long             | LON              | CORP              | US        |    430282 | PA      | $429627.58    | 0.35%             | 2028-01-31      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| GLP Capital, L.P.                                       | GLP CAPITAL LP GLP FINANCING II INC                | CUSIP: 361841AT6<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |    152000 | PA      | $153774.17    | 0.12%             | 2034-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GREAT CANADIAN GAMING CORPORATION                       | GREAT CANADIAN GAMING CORP                         | CUSIP: 389925AA6<br>LEI: 549300FU60SSFLTE0M84 | Long             | DBT              | CORP              | CA        |    147000 | PA      | $145324.18    | 0.12%             | 2029-11-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS, LLC                   | FRONTIER COMMUNICATIONS HOLDINGS LLC               | CUSIP: 35906ABE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1750169.78   | 1.42%             | 2027-10-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Perrigo Finance Unlimited Company                       | PERRIGO FINANCE UNLIMITED CO                       | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |    125000 | PA      | $125944.54    | 0.10%             | 2032-09-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| TRINET GROUP, INC.                                      | TRINET GROUP INC                                   | CUSIP: 896288AC1<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |    250000 | PA      | $257983.11    | 0.21%             | 2031-08-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| NOVA Chemicals Corporation                              | NOVA CHEMICALS CORP                                | CUSIP: 66977WAU3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1150000 | PA      | $1233851.44   | 1.00%             | 2030-02-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| TRUCORDIA INSURANCE HOLDINGS, LLC                       | PCF INSURANCE SERVICES OF THE WEST LLC             | CUSIP: 89783WAB1<br>LEI: 254900KYYP47CV7DMK95 | Long             | LON              | CORP              | US        |    101903 | PA      | $102030.38    | 0.08%             | 2032-06-14      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| SEASPAN CORPORATION                                     | SEASPAN CORP                                       | CUSIP: 81254UAK2<br>LEI: 5493007Z8Q1H45KT7W98 | Long             | DBT              | CORP              | MH        |    225000 | PA      | $217267.76    | 0.18%             | 2029-08-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| MONEYGRAM INTERNATIONAL, INC.                           | MOBIUS MERGER SUB INC                              | CUSIP: 606950AA1<br>LEI: 5299002DLX0Q04KC4156 | Long             | DBT              | CORP              | US        |    258000 | PA      | $218046.97    | 0.18%             | 2030-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING, LLC                        | PERMIAN RESOURCES OPERATING LLC                    | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    330000 | PA      | $336238.56    | 0.27%             | 2033-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| SPDR Portfolio High Yield Bond ETF                      | SPDR PORTFOLIO HIGH YIELD BOND ETF                 | CUSIP: 78468R606<br>LEI: N/A                  | Long             |  | RF                | US        |     40000 | NS      | $957600.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CITGO PETROLEUM CORPORATION                             | CITGO PETROLEUM CORP                               | CUSIP: 17302XAN6<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |    740000 | PA      | $772041.19    | 0.63%             | 2029-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| 1261229 B.C. LTD.                                       | 1261229 BC LTD                                     | CUSIP: C6903HAB0<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    100000 | PA      | $98406.00     | 0.08%             | 2030-10-08      | Floating      | 10.41%                | No            |                  2 | On Loan: No      |
| IVANHOE MINES LTD                                       | IVANHOE MINES LTD                                  | CUSIP: 46579RAE4<br>LEI: 5299006XZISURYIA4G32 | Long             | DBT              | CORP              | CA        |    143000 | PA      | $148075.02    | 0.12%             | 2030-01-23      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: —       |
| JETBLUE AIRWAYS CORPORATION                             | JETBLUE AIRWAYS CORP JETBLUE LOYALTY LP            | CUSIP: 476920AA1<br>LEI: 54930070J9H97ZO93T57 | Long             | DBT              | CORP              | US        |     34000 | PA      | $34506.02     | 0.03%             | 2031-09-20      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| CP ATLAS BUYER, INC.                                    | CP ATLAS BUYER INC                                 | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |    311000 | PA      | $327064.77    | 0.27%             | 2030-07-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| DCLI BIDCO LLC                                          | DCLI BIDCO LLC                                     | CUSIP: 233104AA6<br>LEI: 2549007UUVJTHHNK9T70 | Long             | DBT              | CORP              | US        |    294000 | PA      | $305554.19    | 0.25%             | 2029-11-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| THE GEO GROUP, INC.                                     | GEO GROUP INC THE                                  | CUSIP: 36162JAG1<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |     53000 | PA      | $56132.44     | 0.05%             | 2029-04-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA FINANCE P.L.C.                           | VISTAJET MALTA XO MGMT                             | CUSIP: 92840JAB5<br>LEI: 5299001UK94VGT0CPQ36 | Long             | DBT              | CORP              | MT        |    608000 | PA      | $592779.04    | 0.48%             | 2030-02-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| MINERAL RESOURCES LIMITED                               | MINERAL RESOURCES LTD                              | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    260000 | PA      | $272705.12    | 0.22%             | 2028-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| AIR METHODS CORPORATION                                 | AIR METHODS CORPORATION                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     11817 | NS      | $886275.00    | 0.72%             |  |  |  | No            |                  3 | On Loan: No      |
| HILCORP ENERGY I, L.P.                                  | HILCORP ENERGY I LP HILCORP FINANCE CO             | CUSIP: 431318AU8<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    161000 | PA      | $158909.59    | 0.13%             | 2029-02-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| BRUNDAGE-BONE CONCRETE PUMPING HOLDINGS, INC.           | BRUNDAGE BONE CONCRETE PUMPING HOLDINGS INC        | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $186936.43    | 0.15%             | 2032-02-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC.                                         | BOMBARDIER INC                                     | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    212000 | PA      | $221264.13    | 0.18%             | 2033-06-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| FAIR ISAAC CORPORATION                                  | FAIR ISAAC CORP                                    | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    107000 | PA      | $108729.41    | 0.09%             | 2033-05-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                 | SASOL FINANCING USA LLC                            | CUSIP: 80386WAF2<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    250000 | PA      | $259449.11    | 0.21%             | 2029-05-03      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION HOLDINGS, INC.                   | CLYDESDALE ACQUISITION HOLDINGS INC                | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102712.05    | 0.08%             | 2032-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER, LLC                               | GTCR W 2 MERGER SUB LLC                            | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |    977000 | PA      | $1036661.91   | 0.84%             | 2031-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| BLOCK, INC.                                             | BLOCK INC                                          | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155333.37    | 0.13%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE, INC.                                | GROUP 1 AUTOMOTIVE INC                             | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |    175000 | PA      | $179063.60    | 0.15%             | 2030-01-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC.                  | HILTON DOMESTIC OPERATING CO INC                   | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    300000 | PA      | $283916.73    | 0.23%             | 2031-05-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC.                        | STANDARD INDUSTRIES INC NJ                         | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    825000 | PA      | $791181.14    | 0.64%             | 2030-07-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| RESORTS WORLD LAS VEGAS LLC                             | RESORTS WORLD LAS VEGAS LLC                        | CUSIP: 76120HAC1<br>LEI: 254900LHVH9D3APT8R82 | Long             | DBT              | CORP              | US        |    150000 | PA      | $128305.85    | 0.10%             | 2031-04-06      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| MOSS CREEK RESOURCES HOLDINGS, INC.                     | MOSS CREEK RESOURCES HOLDINGS INC                  | CUSIP: 61965RAC9<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73463.42     | 0.06%             | 2031-09-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                          | OPAL BIDCO SAS                                     | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $409736.61    | 0.33%             | 2032-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SNAP INC.                                               | SNAP INC                                           | CUSIP: 83304AAM8<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    117000 | PA      | $118573.79    | 0.10%             | 2034-03-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                                     | RESIDEO FUNDING INC                                | CUSIP: 76119LAD3<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |    350000 | PA      | $358673.38    | 0.29%             | 2032-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC.                                         | BOMBARDIER INC                                     | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    180000 | PA      | $190808.62    | 0.15%             | 2031-07-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| LAMAR MEDIA CORP.                                       | LAMAR MEDIA CORP                                   | CUSIP: 513075CA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     54000 | PA      | $53607.98     | 0.04%             | 2033-11-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings, Inc.                                     | POST HOLDINGS INC                                  | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    994000 | PA      | $1021710.14   | 0.83%             | 2032-02-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| SEALED AIR CORPORATION                                  | SEALED AIR CORP                                    | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    450000 | PA      | $466562.99    | 0.38%             | 2032-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS, LLC                             | AXALTA COATING SYSTEMS LLC                         | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |    300000 | PA      | $284504.33    | 0.23%             | 2029-02-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| COVIS EQUITY C                                          | COVIS EQUITY C                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      1622 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SPIRIT AEROSYSTEMS, INC.                                | SPIRIT AEROSYSTEMS INC                             | CUSIP: 85205TAR1<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $1187831.47   | 0.96%             | 2030-11-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| PETSMART LLC                                            | PETSMART LLC                                       | CUSIP: 71677HAN5<br>LEI: 894500NGJMHSFNESGA67 | Long             | LON              | CORP              | US        |    500000 | PA      | $492190.00    | 0.40%             | 2032-08-09      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| THE E.W. SCRIPPS COMPANY                                | EW SCRIPPS CO THE                                  | CUSIP: 811054AH8<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |    242000 | PA      | $227126.08    | 0.18%             | 2030-08-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| US FOODS, INC.                                          | US FOODS INC                                       | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    724000 | PA      | $728771.36    | 0.59%             | 2033-04-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| OPEN TEXT INC.                                          | OPEN TEXT CORP OPEN TEXT HOLDINGS INC              | CUSIP: 683720AC0<br>LEI: 391200TOWHX99FWE8G92 | Long             | DBT              | CORP              | US        |    450000 | PA      | $416516.40    | 0.34%             | 2031-12-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| STAR LEASING COMPANY, LLC                               | STAR LEASING CO LLC                                | CUSIP: 854938AA5<br>LEI: 549300WXKNX4PT3HSN71 | Long             | DBT              | CORP              | US        |    110000 | PA      | $106867.51    | 0.09%             | 2030-02-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES, INC.                                 | AMERICAN AIRLINES INC                              | CUSIP: 023771T40<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $104318.84    | 0.08%             | 2029-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| EZCORP, INC.                                            | EZCORP INC                                         | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |    125000 | PA      | $133452.13    | 0.11%             | 2032-04-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Mativ Holdings, Inc.                                    | MATIV HOLDINGS INC                                 | CUSIP: 808541AC0<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148526.05    | 0.12%             | 2029-10-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: —       |
| NEPTUNE BIDCO US INC.                                   | NEPTUNE BIDCO US INC                               | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    544000 | PA      | $534053.61    | 0.43%             | 2029-04-15      | Fixed         | 9.29%                 | Yes           |                  2 | On Loan: No      |
| WESCO DISTRIBUTION, INC.                                | WESCO DISTRIBUTION INC                             | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    375000 | PA      | $380138.56    | 0.31%             | 2028-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                                  | ARSENAL AIC PARENT LLC                             | CUSIP: 04288BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    875000 | PA      | $927188.40    | 0.75%             | 2030-10-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| PETSMART LLC                                            | PETSMART INC PETSMART FINANCE CORP                 | CUSIP: 71677KAC2<br>LEI: 894500NGJMHSFNESGA67 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300796.31    | 0.24%             | 2032-09-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| WINDSTREAM SERVICES, LLC                                | UNITI GROUP LP UNITI GROUP FINANCE INC             | CUSIP: 91327TAA9<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |    248000 | PA      | $261020.00    | 0.21%             | 2028-02-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| NCR ATLEOS CORPORATION                                  | NCR ATLEOS ESCROW CORP                             | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |     80000 | PA      | $86618.26     | 0.07%             | 2029-04-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| CROWN CASTLE INC.                                       | CROWN CASTLE INTL CORP                             | CUSIP: 22823PX73<br>LEI: 54930012H97VSM0I2R19 | Long             | STIV             | CORP              | US        |    800000 | PA      | $799281.36    | 0.65%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CUMULUS MEDIA NEW HOLDINGS INC.                         | CUMULUS MEDIA NEW HOLDINGS INC                     | CUSIP: 23110AAB2<br>LEI: 5493001D9VBAVY1OKJ46 | Long             | DBT              | CORP              | US        |   2028000 | PA      | $514763.12    | 0.42%             | 2029-07-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS, LLC                                    | SHIFT4 PAYMENTS LLC                                | CUSIP: 82453AAB3<br>LEI: 254900GTEMR7L40VPI74 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155040.66    | 0.13%             | 2032-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                               | SUNOCO LP                                          | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    106000 | PA      | $107888.47    | 0.09%             | 2199-12-31      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| ONTARIO GAMING GTA LIMITED PARTNERSHIP                  | ONTARIO GAMING GTA LP                              | CUSIP: C6907UAB7<br>LEI: 894500EC9KLZLOC3V025 | Long             | LON              | CORP              | CA        |    105081 | PA      | $102372.16    | 0.08%             | 2030-08-01      | Floating      | 8.24%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATIONS, INC.                       | CONSOLIDATED COMMUNICATI                           | CUSIP: 20903XAF0<br>LEI: 549300WW675Y48HDVX34 | Long             | DBT              | CORP              | US        |    450000 | PA      | $457312.50    | 0.37%             | 2028-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| AMC NETWORKS INC.                                       | AMC NETWORKS INC                                   | CUSIP: 00164VAK9<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    204000 | PA      | $215731.35    | 0.18%             | 2032-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| UWM HOLDINGS, LLC                                       | UWM HOLDINGS LLC                                   | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    107000 | PA      | $106490.40    | 0.09%             | 2031-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TALLGRASS ENERGY PARTNERS, LP                           | TALLGRASS ENERGY PARTNERS LP                       | CUSIP: 87470LAL5<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |    130000 | PA      | $133912.51    | 0.11%             | 2029-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| BRIGHTSTAR LOTTERY PLC                                  | INTERNATIONAL GAME TECHNOLOGY PLC                  | CUSIP: 460599AE3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   1250000 | PA      | $1244015.54   | 1.01%             | 2029-01-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| NOVELIS CORPORATION                                     | NOVELIS INC                                        | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    181000 | PA      | $187497.28    | 0.15%             | 2030-01-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD U.S. BORROWER, LLC.                 | CUSHMAN WAKEFIELD US BORROWER LLC                  | CUSIP: 23166MAC7<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |    260000 | PA      | $278439.08    | 0.23%             | 2031-09-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I, L.P.                               | HARVEST MIDSTREAM I LP                             | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    260000 | PA      | $266616.74    | 0.22%             | 2032-05-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| COTY INC.                                               | COTY INC HFC PRESTIGE PRODUCTS INC                 | CUSIP: 22207AAA0<br>LEI: 549300BO9IWPF3S48F93 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45974.42     | 0.04%             | 2030-07-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD.                            | ROYAL CARIBBEAN CRUISES LTD                        | CUSIP: 780153BU5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     11000 | PA      | $11360.91     | 0.01%             | 2032-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Aris Mining Corporation                                 | ARIS MINING CORP                                   | CUSIP: 04040YAB5<br>LEI: 5493001GJ5TILX6L1F82 | Long             | DBT              | CORP              | CA        |     90000 | PA      | $93424.85     | 0.08%             | 2029-10-31      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP LLC                              | AVIATION CAPTIAL GROUP                             | CUSIP: 05369BX12<br>LEI: 549300ODEK8HY3445C77 | Long             | STIV             | CORP              | US        |   1200000 | PA      | $1199859.96   | 0.97%             |  |  |  | Yes           |                  2 | On Loan: No      |
| QNITY ELECTRONICS, INC.                                 | QNITY ELECTRONICS INC                              | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102227.99    | 0.08%             | 2033-08-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE, INC.                              | BUILDERS FIRSTSOURCE INC                           | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    446000 | PA      | $459920.05    | 0.37%             | 2034-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| POLARIS NEWCO, LLC                                      | SOLERA LLC                                         | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |    124676 | PA      | $120018.27    | 0.10%             | 2028-06-04      | Floating      | 8.31%                 | No            |                  2 | On Loan: No      |
| CALPINE CORPORATION                                     | CALPINE CORP                                       | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1625437.34   | 1.32%             | 2028-03-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| SGH2 LLC                                                | SGH2 LLC                                           | CUSIP: 78424SAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    155406 | PA      | $155406.00    | 0.13%             | 2032-08-18      | Floating      | 8.51%                 | No            |                  2 | On Loan: No      |
| Bausch + Lomb Corporation                               | BAUSCH LOMB CORP                                   | CUSIP: C0787FAJ1<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |    150000 | PA      | $149875.50    | 0.12%             | 2031-01-15      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING, LLC                                  | DIRECTV HOLDINGS LLC DIRECTV FINANCING CO INC      | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $39968.54     | 0.03%             | 2027-08-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORPORATION                            | ENCOMPASS HEALTH CORP                              | CUSIP: 29261AAE0<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |     80000 | PA      | $77908.81     | 0.06%             | 2031-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT, LLC                                     | VOYAGER PARENT LLC                                 | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    548000 | PA      | $579510.89    | 0.47%             | 2032-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| MSILF Government Portfolio                              | MSILF GOVERNMENT-INST                              | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    447458 | NS      | $447458.11    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BCPE FLAVOR DEBT MERGER SUB, LLC                        | BCPE FLAVOR DEBT MERGER SUB LLC                    | CUSIP: 072933AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     93000 | PA      | $97315.98     | 0.08%             | 2032-07-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| UKG INC.                                                | UKG INC                                            | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |    500000 | PA      | $516037.28    | 0.42%             | 2031-02-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| COREWEAVE, INC.                                         | COREWEAVE INC                                      | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    105000 | PA      | $107619.58    | 0.09%             | 2031-02-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| ECHOSTAR CORPORATION                                    | ECHOSTAR CORP                                      | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    505813 | PA      | $521338.42    | 0.42%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO                   | INVESCO GVT & AGNCY-INST                           | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    447458 | NS      | $447458.13    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                | SERVICE PROPERTIES TRUST                           | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    130000 | PA      | $138415.80    | 0.11%             | 2031-11-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| NEWS CORPORATION                                        | NEWS CORP                                          | CUSIP: 65249BAB5<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148981.37    | 0.12%             | 2032-02-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| COVIS EQUITY D                                          | COVIS EQUITY D                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      1622 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CREDIT ACCEPTANCE CORPORATION                           | CREDIT ACCEPTANCE CORP                             | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    111000 | PA      | $111180.80    | 0.09%             | 2030-03-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                | SERVICE PROPERTIES TRUST                           | CUSIP: 81761LAE2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126319.45    | 0.10%             | 2032-06-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Gray Media, Inc                                         | GRAY ESCROW II INC                                 | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    214000 | PA      | $160730.31    | 0.13%             | 2031-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC.                                         | BOMBARDIER INC                                     | CUSIP: 097751BT7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    133000 | PA      | $133531.02    | 0.11%             | 2027-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC.                                         | BOMBARDIER INC                                     | CUSIP: 097751CA7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    875000 | PA      | $944924.31    | 0.77%             | 2030-11-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| XPO, INC.                                               | XPO INC                                            | CUSIP: 98379KAB8<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |    123000 | PA      | $128300.70    | 0.10%             | 2031-06-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG, INC.                                | VENTURE GLOBAL LNG INC                             | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    210000 | PA      | $228664.87    | 0.19%             | 2032-02-01      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Victory Portfolios

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer