# EDGAR Filing Document

**Accession Number:** 0000908695
**File Stem:** 0001004726-25-001010
**Filing Date:** 2025-9
**Character Count:** 207004
**Document Hash:** 3f9686f27989581da3b0d3ca92921836
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-25-001010.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0001004726-25-001010

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS III
- **CENTRAL INDEX KEY:** 0000908695

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07852
- **FILM NUMBER:** 251348174

**BUSINESS ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256
- **BUSINESS PHONE:** 210-697-3625

**MAIL ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA MUTUAL FUNDS TRUST
- **DATE OF NAME CHANGE:** 20060420

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX FREE TRUST
- **DATE OF NAME CHANGE:** 19940325

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX EXEMPT TRUST
- **DATE OF NAME CHANGE:** 19930707

## Series and Classes Contracts Data

### Victory High Income Fund (Formerly USAA High Income Fund) (Series ID: S000012898)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000034867 | Victory High Income Fund Shares               | USHYX           |
| C000066837 | Victory High Income Fund Institutional Shares | UIHIX           |
| C000175747 | Victory High Income Fund Class R6             | URHIX           |

## 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 III

- **b. Investment Company Act file number:** 811-07852

- **c. CIK number of Registrant:** 0000908695

- **d. LEI of Registrant:** 549300WIDR2J6W1Y9S11

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

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

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 800-235-8396

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

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

- **b. EDGAR series identifier (if any):** S000012898

- **c. LEI of Series:** 549300YX3N277LJWQZ46

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1081753360.41

**Total Liabilities:** $48799302.57

**Net Assets:** $1032954057.84

**Cash Not Reported:** $3720417.58

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -488.33783563 | **1-Year:** -5158.44779641 | **5-Year:** -13062.92934333 | **10-Year:** -8220.48683874 | **30-Year:** -1628.88253701

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

- **3-Month:** -1924.32847762 | **1-Year:** -63433.65191583 | **5-Year:** -148079.58923407 | **10-Year:** -33360.32830507 | **30-Year:** -1006.80210828

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000066837 | 1.89%                | 1.66%                | 0.44%                |
| Class ID C000034867 | 1.89%                | 1.65%                | 0.44%                |
| Class ID C000175747 | 1.89%                | 1.67%                | 0.45%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-125126.91              | $13690680.26                               |
| Month 2  | $857115.07               | $9397864.94                                |
| Month 3  | $1020226.80              | $-2204893.87                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Performance Food Group, Inc.                            | PERFORMANCE FOOD GROUP INC                         | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1016404.33   | 0.10%             | 2032-09-15      | Fixed         | 6.12%                 | Yes           |                  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        |   1322000 | PA      | $1320774.91   | 0.13%             | 2033-08-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                | 10 YEAR US TREASURY NOTE FUTURE SEP25              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        80 | NC      | $66537.84     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS, INC.                    | CLEAR CHANNEL OUTDOOR HOLDINGS INC                 | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    356000 | PA      | $366350.57    | 0.04%             | 2030-04-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| MINERAL RESOURCES LIMITED                               | MINERAL RESOURCES LTD                              | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   2000000 | PA      | $2077962.90   | 0.20%             | 2028-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT, INC.                             | CAESARS ENTERTAINMENT INC                          | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   1404000 | PA      | $1430809.34   | 0.14%             | 2032-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| JANE STREET GROUP, LLC                                  | JANE STREET GROUP JSG FINANCE INC                  | CUSIP: 47077WAE8<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |   1303000 | PA      | $1334016.57   | 0.13%             | 2033-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| AAR ESCROW ISSUER, LLC                                  | AAR ESCROW ISSUER LLC                              | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3079029.63   | 0.30%             | 2029-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NOVELIS CORPORATION                                     | NOVELIS INC                                        | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   1295000 | PA      | $1333495.71   | 0.13%             | 2030-01-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS, INC.                              | IHEARTCOMMUNICATIONS INC                           | CUSIP: 45174HBJ5<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |   3800000 | PA      | $3193681.72   | 0.31%             | 2029-05-01      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| THE E.W. SCRIPPS COMPANY                                | SCRIPPS ESCROW II INC                              | CUSIP: 81105DAB1<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |   4573000 | PA      | $3371332.32   | 0.33%             | 2031-01-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| CREDIT ACCEPTANCE CORPORATION                           | CREDIT ACCEPTANCE CORP                             | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    873000 | PA      | $884276.72    | 0.09%             | 2030-03-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST, INC.                           | STARWOOD PROPERTY TRUST INC                        | CUSIP: 85571BAY1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    500000 | PA      | $491823.63    | 0.05%             | 2027-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| ALTERRA MOUNTAIN COMPANY                                | ALTERRA MOUNTAIN CO                                | CUSIP: 46124CAR8<br>LEI: 549300C5O4FSVNUEI843 | Long             | LON              | CORP              | US        |    488831 | PA      | $489647.41    | 0.05%             | 2030-05-31      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE 2 PLC                               | HOWDEN UK REFINANCE PLC                            | CUSIP: 44287DAA1<br>LEI: 875500O63ODR8S3K5X33 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $520679.31    | 0.05%             | 2032-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS, LLC                                       | CSC HOLDINGS LLC                                   | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1581022.57   | 0.15%             | 2029-02-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: —       |
| COREWEAVE, INC.                                         | COREWEAVE INC                                      | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    880000 | PA      | $878453.37    | 0.09%             | 2031-02-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                     | COMM 2024 277P MORTGAGE TRUST                      | CUSIP: 12654FAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1588552.27   | 0.15%             | 2044-08-10      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CAPSTONE BORROWER, INC.                                 | CAPSTONE BORROWER INC                              | CUSIP: 140944AA7<br>LEI: 254900YSP2BAI3YKIX08 | Long             | DBT              | CORP              | US        |    500000 | PA      | $520382.21    | 0.05%             | 2030-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                               | SUNOCO LP                                          | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   2161000 | PA      | $2265719.88   | 0.22%             | 2032-05-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION HOLDINGS, INC.                   | CLYDESDALE ACQUISITION HOLDINGS INC                | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    375000 | PA      | $383910.66    | 0.04%             | 2032-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ACRISURE, LLC                                           | ACRISURE LLC ACRISURE FINANCE INC                  | CUSIP: 00489LAL7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |   1205000 | PA      | $1244742.69   | 0.12%             | 2030-11-06      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| ROCKET SOFTWARE, INC.                                   | ROCKET SOFTWARE INC                                | CUSIP: 77313DAW1<br>LEI: 549300PVG26ISP5X1556 | Long             | LON              | CORP              | US        |   2962538 | PA      | $2968107.26   | 0.29%             | 2028-11-28      | Floating      | 8.11%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS, LLC                                       | CCO HLDGS LLC CAP CORP                             | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $467942.81    | 0.05%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| IRIS HOLDING, INC.                                      | IRIS HOLDING INC                                   | CUSIP: 46271BAB6<br>LEI: 54930013SPZ2NB3I3V40 | Long             | LON              | CORP              | US        |   2125000 | PA      | $2065330.00   | 0.20%             | 2028-06-28      | Floating      | 9.16%                 | No            |                  2 | On Loan: No      |
| Kioxia Holdings Corporation                             | KIOXIA HOLDINGS CORP                               | CUSIP: 49726JAB4<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |   8998000 | PA      | $8920387.67   | 0.86%             | 2033-07-24      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                                     | RESIDEO FUNDING INC                                | CUSIP: 76119LAD3<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |   2318000 | PA      | $2352001.28   | 0.23%             | 2032-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                              | FLAGSHIP CREDIT AUTO TRUST 2019 3                  | CUSIP: 33846AAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    462226 | PA      | $461995.51    | 0.04%             | 2026-12-15      | Fixed         | 3.84%                 | Yes           |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC.                                   | NEPTUNE BIDCO US INC                               | CUSIP: 64069JAC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |    200283 | PA      | $191988.95    | 0.02%             | 2029-04-11      | Floating      | 9.33%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP LP                                          | UNITI GROUP LP UNITI GROUP FINANCE 2019 INC        | CUSIP: 91327TAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    883000 | PA      | $895434.78    | 0.09%             | 2032-06-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| ESAB CORPORATION                                        | ESAB CORP                                          | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |    500000 | PA      | $511130.57    | 0.05%             | 2029-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC.                        | STANDARD INDUSTRIES INC NJ                         | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2840449.29   | 0.27%             | 2030-07-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| ORGANON & CO.                                           | ORGANON FINANCE 1 LLC                              | CUSIP: 68622TAB7<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2594964.64   | 0.25%             | 2031-04-30      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                           | FORD MOTOR CREDIT CO LLC                           | CUSIP: 345397B36<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3675802.74   | 0.36%             | 2030-11-13      | Fixed         | 4.00%                 | No            |                  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        |   4220000 | PA      | $4129558.90   | 0.40%             | 2031-11-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| ZOOMINFO TECHNOLOGIES LLC                               | ZOOMINFO TECHNOLOGIES LLC ZOOMINFO FINANCE CORP    | CUSIP: 98981BAA0<br>LEI: 254900NOX7TLOJ3WS309 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1880151.36   | 0.18%             | 2029-02-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC.                                         | BOMBARDIER INC                                     | CUSIP: 097751BX8<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   2500000 | PA      | $2510668.98   | 0.24%             | 2028-02-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC.                                      | NEXSTAR ESCROW INC                                 | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1497406.90   | 0.14%             | 2027-07-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| PRESTIGE BRANDS, INC.                                   | PRESTIGE BRANDS INC                                | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |   5300000 | PA      | $4850949.88   | 0.47%             | 2031-04-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| ENDEAVOUR MINING PLC                                    | ENDEAVOUR MINING PLC                               | CUSIP: 29261HAB1<br>LEI: 529900NI5MXQ91GHXR07 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1015458.39   | 0.10%             | 2030-05-28      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ALLIANCE LAUNDRY SYSTEMS LLC                            | ALLIANCE LAUNDRY SYSTEMS LLC                       | CUSIP: 01862LBA5<br>LEI: 549300YBOGK6MBI5ND34 | Long             | LON              | CORP              | US        |   3000000 | PA      | $2994930.00   | 0.29%             | 2031-08-11      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| IHO Verwaltungs GmbH                                    | IHO VERWALTUNGS GMBH                               | CUSIP: 44963BAD0<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |   1023600 | PA      | $1024031.40   | 0.10%             | 2029-05-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS, INC.                      | CHS COMMUNITY HEALTH SYSTEMS INC                   | CUSIP: 12543DBQ2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1780000 | PA      | $1786675.00   | 0.17%             | 2034-01-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| EMRLD BORROWER LP                                       | EMRLD BORROWER LP EMERALD CO ISSUER INC            | CUSIP: 26873CAB8<br>LEI: 5493000GJYE7GAQCUC61 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1313889.83   | 0.13%             | 2031-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NP SPE X L P                                            | NP SPE II LLC                                      | CUSIP: 62947AAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1568452 | PA      | $1499503.52   | 0.15%             | 2049-11-19      | Fixed         | 6.44%                 | Yes           |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE, INC.                          | WALGREENS BOOTS ALLIANCE INC                       | CUSIP: 931427AW8<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2148103.74   | 0.21%             | 2029-08-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: —       |
| BLUELINX HOLDINGS INC.                                  | BLUELINX HOLDINGS INC                              | CUSIP: 09624HAA7<br>LEI: 549300YSX7GU28F5I540 | Long             | DBT              | CORP              | US        |    550000 | PA      | $535382.24    | 0.05%             | 2029-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP.                                     | BAYTEX ENERGY CORP                                 | CUSIP: 07317QAK1<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |    946000 | PA      | $914383.99    | 0.09%             | 2032-03-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| MATCH GROUP HOLDINGS II, LLC                            | MATCH GROUP INC                                    | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1954193.74   | 0.19%             | 2028-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS, INC.                                 | QUIKRETE HOLDINGS INC                              | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   4364000 | PA      | $4478873.25   | 0.43%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CHS Inc.                                                | CHS INC                                            | CUSIP: 12542R506<br>LEI: XEIEFTLYDQ1MZ6TZV015 | Long             | EP               | CORP              | US        |     76204 | NS      | $1949298.32   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| TENET HEALTHCARE CORPORATION                            | TENET HEALTHCARE CORP                              | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   4366000 | PA      | $4349943.15   | 0.42%             | 2027-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ROLLER BEARING COMPANY OF AMERICA, INC.                 | ROLLER BEARING CO OF AMERICA INC                   | CUSIP: 775631AD6<br>LEI: 254900U9XW6S76H2P167 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $962771.50    | 0.09%             | 2029-10-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST, INC.                           | STARWOOD PROPERTY TRUST INC                        | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    500000 | PA      | $523489.15    | 0.05%             | 2029-04-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| POST ROAD EQUIPMENT FINANCE LLC                         | POST ROAD EQUIPMENT FINANCE 2024 1 LLC             | CUSIP: 737473AE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    333000 | PA      | $340510.64    | 0.03%             | 2030-10-15      | Fixed         | 6.77%                 | Yes           |                  2 | On Loan: No      |
| SONOCO PRODUCTS COMPANY.                                | SONOCO PRODUCTS COMPANY                            | CUSIP: 83549RV19<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | STIV             | CORP              | US        |   7500000 | PA      | $7498976.25   | 0.73%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CIMPRESS PUBLIC LIMITED COMPANY                         | CIMPRESS PLC                                       | CUSIP: 17186HAH5<br>LEI: 549300X1IFD75XISOR81 | Long             | DBT              | CORP              | IE        |   1100000 | PA      | $1067104.94   | 0.10%             | 2032-09-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| AMC ENTERTAINMENT HOLDINGS, INC.                        | AMC ENTERTAINMENT HOLDINGS INC                     | CUSIP: 00164CAD7<br>LEI: 549300ZO77UNR6NRBR11 | Long             | LON              | CORP              | US        |   2576827 | PA      | $2590793.16   | 0.25%             | 2029-01-04      | Floating      | 11.35%                | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES, LLC                                | WINDSTREAM SERVICES LLC                            | CUSIP: 97381JAJ2<br>LEI: 549300KT9GVEBYCD2N29 | Long             | LON              | CORP              | US        |   1000000 | PA      | $1003750.00   | 0.10%             | 2031-09-26      | Floating      | 9.11%                 | No            |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                    | SANTANDER BANK AUTO CREDIT LINKED NOTES SERIES 202 | CUSIP: 80280BAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1001000 | PA      | $1005039.68   | 0.10%             | 2033-01-18      | Fixed         | 6.80%                 | Yes           |                  2 | On Loan: No      |
| INDICOR, LLC                                            | ROPER INDUSTRIAL PRODUCTS INVESTMENT CO            | CUSIP: 77669LAK9<br>LEI: 254900RXO1EICEHOLG29 | Long             | LON              | CORP              | US        |   2935535 | PA      | $2939058.11   | 0.28%             | 2029-11-23      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| GETTY IMAGES, INC.                                      | GETTY IMAGES INC                                   | CUSIP: 374276AM5<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |    860000 | PA      | $823581.60    | 0.08%             | 2030-02-21      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: No      |
| WINDSOR HOLDINGS III, LLC                               | WINDSOR HOLDINGS III LLC                           | CUSIP: 97360AAA5<br>LEI: 254900IXUJZ9H146T437 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1061694.45   | 0.10%             | 2030-06-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| DISH DBS Corporation                                    | DISH DBS CORP                                      | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $888777.90    | 0.09%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORPORATION                                  | CVS HEALTH CORP                                    | CUSIP: 12665JV55<br>LEI: 549300EJG376EN5NQE29 | Long             | STIV             | CORP              | US        |   4000000 | PA      | $3997312.00   | 0.39%             |  |  |  | Yes           |                  2 | On Loan: No      |
| FRONTIER ISSUER LLC                                     | FRONTIER ISSUER LLC                                | CUSIP: 35910EAP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5551195 | PA      | $6164694.50   | 0.60%             | 2054-06-20      | Fixed         | 11.16%                | Yes           |                  2 | On Loan: No      |
| GREAT CANADIAN GAMING CORPORATION                       | GREAT CANADIAN GAMING CORP                         | CUSIP: 389925AA6<br>LEI: 549300FU60SSFLTE0M84 | Long             | DBT              | CORP              | CA        |    837000 | PA      | $819990.21    | 0.08%             | 2029-11-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| RESORTS WORLD LAS VEGAS LLC                             | RESORTS WORLD LAS VEGAS LLC                        | CUSIP: 76120HAC1<br>LEI: 254900LHVH9D3APT8R82 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $910646.31    | 0.09%             | 2031-04-06      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG, INC.                                | VENTURE GLOBAL LNG INC                             | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    325000 | PA      | $350666.83    | 0.03%             | 2032-02-01      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| JETBLUE AIRWAYS CORPORATION                             | JETBLUE AIRWAYS CORP JETBLUE LOYALTY LP            | CUSIP: 476920AA1<br>LEI: 54930070J9H97ZO93T57 | Long             | DBT              | CORP              | US        |   3528000 | PA      | $3412104.49   | 0.33%             | 2031-09-20      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| Spirit Airlines Pass Through Trusts                     | SPIRIT AIRLINES PTT 2015 1A                        | CUSIP: 84858DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1472416 | PA      | $1334428.89   | 0.13%             | 2029-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| ONE MANHATTAN WEST                                      | MANHATTAN WEST 2020 1MW                            | CUSIP: 563136AJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1155404 | PA      | $1075522.06   | 0.10%             | 2040-09-10      | Variable      | 2.41%                 | Yes           |                  2 | On Loan: No      |
| NORDSTROM, INC.                                         | NORDSTROM INC                                      | CUSIP: 655664AT7<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    898000 | PA      | $818164.88    | 0.08%             | 2030-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE, LLC                      | ALLIANT HOLDINGS INTERMEDIATE LLC                  | CUSIP: 01883LAG8<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2031019.51   | 0.20%             | 2031-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| HUDSON YARDS MORTGAGE TRUST                             | HUDSON YARDS 2025 SPRL MORTGAGE TRUST              | CUSIP: 44855PAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $103110.10    | 0.01%             | 2040-01-13      | Fixed         | 6.34%                 | Yes           |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP.                                   | LAS VEGAS SANDS CORP                               | CUSIP: 517834AL1<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    666000 | PA      | $682776.41    | 0.07%             | 2034-08-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INCORPORATED                            | CHURCHILL DOWNS INC                                | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |   1355000 | PA      | $1384553.39   | 0.13%             | 2031-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROUP, INC.                         | SINCLAIR TELEVISION GROUP INC                      | CUSIP: 829259BF6<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1482707.46   | 0.14%             | 2032-12-31      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| NORTHRIVER MIDSTREAM FINANCE LP                         | NORTHRIVER MIDSTREAM FINANCE LP                    | CUSIP: 66679NAB6<br>LEI: 549300SOLNLY3BL6GF18 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2040571.88   | 0.20%             | 2032-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| GARRETT MOTION HOLDINGS INC.                            | GARRETT MOTION HOLDINGS INC GARRETT LX I SARL      | CUSIP: 366504AA6<br>LEI: 5493001N1N6Z0SR83G07 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1039435.94   | 0.10%             | 2032-05-31      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| TAYLOR MORRISON COMMUNITIES, INC.                       | TAYLOR MORRISON COMMUNITIES INC                    | CUSIP: 87724RAJ1<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |   1311000 | PA      | $1292293.90   | 0.13%             | 2030-08-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS, INC.                    | CLEAR CHANNEL OUTDOOR HOLDINGS INC                 | CUSIP: 18453HAH9<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   2640000 | PA      | $2635314.42   | 0.26%             | 2033-03-15      | Fixed         | 7.50%                 | 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        |   5668612 | NS      | $5668612.13   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CEC ENTERTAINMENT, LLC                                  | CEC ENTERTAINMENT LLC                              | CUSIP: 125137AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    883000 | PA      | $877696.08    | 0.08%             | 2026-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Azorra Finance Limited                                  | AZORRA FINANCE LTD                                 | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |   4175000 | PA      | $4346705.11   | 0.42%             | 2030-04-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| GRAHAM PACKAGING COMPANY INC.                           | GPC MERGER SUB INC                                 | CUSIP: 384701AA6<br>LEI: 549300YS0ZFT826HIK72 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249253.16    | 0.02%             | 2028-08-15      | Fixed         | 7.12%                 | 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        |   1738000 | PA      | $1691035.03   | 0.16%             | 2029-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| POST ROAD EQUIPMENT FINANCE LLC                         | POST ROAD EQUIPMENT FINANCE 2025 1 LLC             | CUSIP: 73747LAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    706000 | PA      | $711661.41    | 0.07%             | 2032-05-17      | Fixed         | 7.08%                 | Yes           |                  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        |   2015000 | PA      | $2102429.35   | 0.20%             | 2030-04-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| TRONOX INCORPORATED                                     | TRONOX INC                                         | CUSIP: 897051AC2<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $853151.19    | 0.08%             | 2029-03-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| PARADIGM PARENT, LLC                                    | PARADIGM PARENT LLC AND PARADIGM PARENT CO ISSUER  | CUSIP: 69902PAA6<br>LEI: 254900EDT9YE5UFH3458 | Long             | DBT              | CORP              | US        |    886000 | PA      | $852969.92    | 0.08%             | 2032-04-17      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| COGENT COMMUNICATIONS GROUP, LLC                        | COGENT COMMS GRP FIN                               | CUSIP: 19240WAB5<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |   2649000 | PA      | $2595984.90   | 0.25%             | 2032-07-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| GXO LOGISTICS, INC.                                     | GXO LOGISTICS INC                                  | CUSIP: 36262GAG6<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |   2237000 | PA      | $2348647.96   | 0.23%             | 2034-05-06      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GENON                                                   | GENON                                              | CUSIP: 939CER907<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16168 | NS      | $119804.88    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING BRANDS, INC.                       | CORNERSTONE BUILDING BRANDS INC                    | CUSIP: 21925DAB5<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |   6035000 | PA      | $5541429.25   | 0.54%             | 2029-08-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| CENTRAL PARENT LLC                                      | CENTRAL PARENT INC CENTRAL MERGER SUB INC          | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2060136.29   | 0.20%             | 2029-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| OPEN TEXT INC.                                          | OPEN TEXT CORP OPEN TEXT HOLDINGS INC              | CUSIP: 683720AC0<br>LEI: 391200TOWHX99FWE8G92 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3187038.32   | 0.31%             | 2031-12-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| VERITIV OPERATING COMPANY                               | VERDE PURCHASER LLC                                | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |    250000 | PA      | $271042.68    | 0.03%             | 2030-11-30      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| ARDONAGH MIDCO 3 LIMITED                                | ARDONAGH GROUP FINCO PTY LTD                       | CUSIP: Q0500HAB5<br>LEI: 549300C8F38DVT8CAO43 | Long             | LON              | CORP              | GB        |   1496250 | PA      | $1489711.39   | 0.14%             | 2031-03-07      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS, LLC                   | FRONTIER COMMUNICATIONS CORP                       | CUSIP: 35906ABG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12825000 | PA      | $12950751.31  | 1.25%             | 2029-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NOVA Chemicals Corporation                              | NOVA CHEMICALS CORP                                | CUSIP: 66977WAS8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2215000 | PA      | $2115844.48   | 0.20%             | 2029-05-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROUP, INC.                         | SINCLAIR TELEVISION GROUP INC                      | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   2181000 | PA      | $2230503.64   | 0.22%             | 2033-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATIONS, INC.                       | CONSOLIDATED COMMUNICATI                           | CUSIP: 20903XAF0<br>LEI: 549300WW675Y48HDVX34 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2538997.40   | 0.25%             | 2028-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ZAYO ISSUER, LLC                                        | ZAYO ISSUER LLC                                    | CUSIP: 98919WAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2578533.04   | 0.25%             | 2055-03-20      | Fixed         | 8.66%                 | Yes           |                  2 | On Loan: No      |
| Viking Cruises Ltd                                      | VIKING CRUISES LTD                                 | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    322000 | PA      | $346354.64    | 0.03%             | 2031-07-15      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings, Inc.                                     | POST HOLDINGS INC                                  | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   5841000 | PA      | $5951054.31   | 0.58%             | 2032-02-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| DYE DURHAM CORP                                         | DYE DURHAM CORP                                    | CUSIP: C3117CAB0<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    407142 | PA      | $408668.92    | 0.04%             | 2031-04-07      | Floating      | 8.55%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC.                           | UNIVISION COMMUNICATIONS INC                       | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   1765000 | PA      | $1831438.83   | 0.18%             | 2032-08-01      | Fixed         | 9.38%                 | 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        |   2090000 | PA      | $2349350.38   | 0.23%             | 2032-12-01      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| J. B. POINDEXTER & CO., INC.                            | JB POINDEXTER CO INC                               | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |   2875000 | PA      | $2935810.78   | 0.28%             | 2031-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| VOYAGER PARENT, LLC                                     | VOYAGER PARENT LLC                                 | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |   2640000 | PA      | $2793368.83   | 0.27%             | 2032-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| WarnerMedia Holdings, Inc.                              | WARNERMEDIA HOLDINGS INC                           | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   2777000 | PA      | $1856285.65   | 0.18%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                  | EQUIPMENTSHARE COM INC                             | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1064111.77   | 0.10%             | 2032-05-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| NCR VOYIX CORPORATION                                   | NCR CORP                                           | CUSIP: 62886EBA5<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |    729000 | PA      | $714445.24    | 0.07%             | 2029-04-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| VT TOPCO, INC.                                          | VT TOPCO INC                                       | CUSIP: 91838PAA9<br>LEI: 5493007T812R37X02Y38 | Long             | DBT              | CORP              | US        |    500000 | PA      | $532338.04    | 0.05%             | 2030-08-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Enpro Inc.                                              | ENPRO INC                                          | CUSIP: 29355XAH0<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | DBT              | CORP              | US        |    850000 | PA      | $860405.10    | 0.08%             | 2033-06-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| NCL CORPORATION LTD.                                    | NCL CORP LTD                                       | CUSIP: 62886HBG5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    295000 | PA      | $313142.49    | 0.03%             | 2029-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| CROWN CASTLE INC.                                       | CROWN CASTLE INTL CORP                             | CUSIP: 22823PV75<br>LEI: 54930012H97VSM0I2R19 | Long             | STIV             | CORP              | US        |   3000000 | PA      | $2997100.80   | 0.29%             |  |  |  | Yes           |                  2 | On Loan: No      |
| UNITI FIBER ABS ISSUER LLC                              | UNITI FIBER ABS ISSUER LLC                         | CUSIP: 91326EAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2068737.60   | 0.20%             | 2055-04-20      | Fixed         | 9.02%                 | Yes           |                  2 | On Loan: No      |
| GEN DIGITAL INC.                                        | NORTONLIFELOCK INC                                 | CUSIP: 668771AL2<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    500000 | PA      | $516523.14    | 0.05%             | 2030-09-30      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                        | ALTICE FRANCE SA FRANCE                            | CUSIP: 02156LAC5<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   7500000 | PA      | $6669224.97   | 0.65%             | 2028-01-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: —       |
| 1261229 B.C. Ltd                                        | 1261229 BC LTD                                     | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2325000 | PA      | $2366607.50   | 0.23%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS, LLC                                       | CSC HOLDINGS LLC                                   | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2015478.51   | 0.20%             | 2030-12-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| VISTAJET MALTA FINANCE P.L.C.                           | VISTAJET MALTA FINANCE PLC VISTA INC               | CUSIP: 92841HAA0<br>LEI: 5299001UK94VGT0CPQ36 | Long             | DBT              | CORP              | MT        |   1616000 | PA      | $1660363.23   | 0.16%             | 2028-06-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: —       |
| SAKS GLOBAL ENTERPRISES LLC                             | SAKS GLOBAL ENTERPRISES LLC                        | CUSIP: 79380MAA3<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |   2834000 | PA      | $658859.66    | 0.06%             | 2029-12-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: —       |
| Eldorado Gold Corporation                               | ELDORADO GOLD CORP                                 | CUSIP: 284902AF0<br>LEI: 5493004PWQ01YDD1IH62 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $1999819.72   | 0.19%             | 2029-09-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO                   | INVESCO GVT & AGNCY-INST                           | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   5668612 | NS      | $5668612.13   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CCO HOLDINGS, LLC                                       | CCO HOLDINGS LLC CCO HOLDINGS CAPITAL CORP         | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2815000 | PA      | $2428555.23   | 0.24%             | 2034-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: —       |
| SEALED AIR CORPORATION                                  | SEALED AIR CORP                                    | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3092995.49   | 0.30%             | 2032-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: —       |
| WESTJET LOYALTY LP                                      | WESTJET LOYALTY LP                                 | CUSIP: C9763HAB3<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    987500 | PA      | $986887.75    | 0.10%             | 2031-02-14      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| SOTHEBYS ARTFI MASTER TRUST                             | SOTHEBY S ARTFI MASTER TRUST                       | CUSIP: 83589CAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1550000 | PA      | $1559636.97   | 0.15%             | 2031-12-22      | Fixed         | 7.91%                 | Yes           |                  2 | On Loan: No      |
| PETCO HEALTH AND WELLNESS COMPANY, INC.                 | PETCO ANIMAL SUPPLIES INC                          | CUSIP: 71601HAB2<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |   7644265 | PA      | $7134010.37   | 0.69%             | 2028-02-25      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| ONTARIO GAMING GTA LIMITED PARTNERSHIP                  | ONTARIO GAMING GTA LP                              | CUSIP: C6907UAB7<br>LEI: 894500EC9KLZLOC3V025 | Long             | LON              | CORP              | CA        |   1862164 | PA      | $1851102.92   | 0.18%             | 2030-08-01      | Floating      | 8.55%                 | No            |                  2 | On Loan: No      |
| COREWEAVE, INC.                                         | COREWEAVE INC                                      | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    441000 | PA      | $443241.20    | 0.04%             | 2030-06-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| DISH NETWORK CORPORATION                                | DISH NETWORK CORP                                  | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |  10768000 | PA      | $11211759.53  | 1.09%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| SABRE GLBL INC.                                         | SABRE GLBL INC                                     | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |   2706000 | PA      | $2786992.12   | 0.27%             | 2029-11-15      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| UKG INC.                                                | UKG INC                                            | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |   2471000 | PA      | $2539366.44   | 0.25%             | 2031-02-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| URBAN ONE, INC.                                         | URBAN ONE INC                                      | CUSIP: 91705JAC9<br>LEI: 549300PLGIGPBRQUP240 | Long             | DBT              | CORP              | US        |   3616000 | PA      | $2133440.00   | 0.21%             | 2028-02-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LIMITED                      | CANADIAN NAT RES                                   | CUSIP: 13638WVR0<br>LEI: 549300T15RIMIKZC5Q38 | Long             | STIV             | CORP              | CA        |   4700000 | PA      | $4684510.68   | 0.45%             |  |  |  | Yes           |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC.                        | STANDARD INDUSTRIES INC NJ                         | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4468108.98   | 0.43%             | 2031-01-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| ARCOSA, INC.                                            | ARCOSA INC                                         | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1551034.88   | 0.15%             | 2032-08-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS, LLC                                    | SHIFT4 PAYMENTS LLC                                | CUSIP: 82453AAB3<br>LEI: 254900GTEMR7L40VPI74 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1032589.07   | 0.10%             | 2032-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                                      | FORD MOTOR CO                                      | CUSIP: 345370CQ1<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1548990.25   | 0.15%             | 2043-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                | SERVICE PROPERTIES TRUST                           | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1066015.59   | 0.10%             | 2031-11-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| EMBECTA CORP.                                           | EMBECTA CORP                                       | CUSIP: 29082KAB1<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $962720.00    | 0.09%             | 2030-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| VALLOUREC SA                                            | VALLOUREC SACA                                     | CUSIP: 92023RAA8<br>LEI: 969500P2Q1B47H4MCJ34 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $264554.55    | 0.03%             | 2032-04-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| AVENTURA MALL VENTURE                                   | AVENTURA MALL TRUST                                | CUSIP: 05359AAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2885124.47   | 0.28%             | 2040-07-05      | Variable      | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Gray Media, Inc                                         | GRAY TELEVISION INC                                | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1558382.74   | 0.15%             | 2029-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP, INC.                          | CITIZENS FINANCIAL GROUP INC                       | CUSIP: 174610AU9<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   2296000 | PA      | $2295696.20   | 0.22%             | 2199-12-31      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| MOSS CREEK RESOURCES HOLDINGS, INC.                     | MOSS CREEK RESOURCES HOLDINGS INC                  | CUSIP: 61965RAC9<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1293352.15   | 0.13%             | 2031-09-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| 720 EAST CLO LTD                                        | 720 EAST CLO 2023 II LTD                           | CUSIP: 817942AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1501050.00   | 0.15%             | 2036-10-15      | Floating      | 12.83%                | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC.                           | UNIVISION COMMUNICATIONS INC                       | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1990332.70   | 0.19%             | 2030-06-30      | Fixed         | 7.38%                 | 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        |   5668612 | NS      | $5668612.13   | 0.55%             |  |  |  | No            |                  1 | 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        |   4211000 | PA      | $3959437.83   | 0.38%             | 2030-04-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT, LLC                             | FERTITTA ENTERTAINMENT LLC                         | CUSIP: 31556TAC3<br>LEI: 984500A0805D8V551D35 | Long             | DBT              | CORP              | US        |   3699000 | PA      | $3480248.36   | 0.34%             | 2030-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC.                                 | MINERVA MERGER SUB INC                             | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |    500000 | PA      | $491555.30    | 0.05%             | 2030-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| LOUISIANA-PACIFIC CORPORATION                           | LOUISIANA PACIFIC CORP                             | CUSIP: 546347AM7<br>LEI: 549300C7E2UAO5BVRR75 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $952439.55    | 0.09%             | 2029-03-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| CENTURY COMMUNITIES, INC.                               | CENTURY COMMUNITIES INC                            | CUSIP: 156504AM4<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |   2650000 | PA      | $2440522.15   | 0.24%             | 2029-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMEDIATE LLC                        | AMERITEX HOLDCO INTERMEDIATE LLC                   | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    881000 | PA      | $895949.82    | 0.09%             | 2033-08-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS II, LLC                        | LCM INVESTMENTS HOLDINGS II LLC                    | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1057295.82   | 0.10%             | 2031-08-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LIMITED                      | CANADIAN NAT RES                                   | CUSIP: 13638WVL3<br>LEI: 549300T15RIMIKZC5Q38 | Long             | STIV             | CORP              | CA        |   1700000 | PA      | $1695522.03   | 0.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GRIFFON CORPORATION                                     | GRIFFON CORP                                       | CUSIP: 398433AP7<br>LEI: 5493000C2SGNC7ZN3242 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1492170.25   | 0.14%             | 2028-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC.                                            | OVINTIV INC                                        | CUSIP: 69047JWN4<br>LEI: 2549003MEX7YMKLGI239 | Long             | STIV             | CORP              | US        |   6200000 | PA      | $6154565.16   | 0.60%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES, INC.                              | ALBERTSONS COS SAFEWAY                             | CUSIP: 013092AE1<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   6750000 | PA      | $6584402.63   | 0.64%             | 2030-02-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER, LP                                    | MOZART DEBT MERGER SUB INC                         | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   4842000 | PA      | $4617534.08   | 0.45%             | 2029-04-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| AXON ENTERPRISE, INC.                                   | AXON ENTERPRISE INC                                | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |   1285000 | PA      | $1317750.56   | 0.13%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| THE CHEMOURS COMPANY                                    | CHEMOURS CO THE                                    | CUSIP: 163851AH1<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2542236.56   | 0.25%             | 2029-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| iShares iBoxx $ High Yield Corporate Bond ETF           | ISHARES IBOXX HIGH YIELD CORPORATE BOND ETF        | CUSIP: 464288513<br>LEI: 549300FCCXHK7O37PQ68 | Long             |  | RF                | US        |       599 | NS      | $48147.62     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| HOWMET AEROSPACE INC.                                   | ALCOA INC                                          | CUSIP: 013817AK7<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1061082.69   | 0.10%             | 2037-02-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORPORATION                            | TENET HEALTHCARE CORP                              | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   2683000 | PA      | $2683251.86   | 0.26%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD.                                    | NCL CORP LTD                                       | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   4999000 | PA      | $5134802.01   | 0.50%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| VISTAJET MALTA FINANCE P.L.C.                           | VISTAJET MALTA XO MGMT                             | CUSIP: 92840JAB5<br>LEI: 5299001UK94VGT0CPQ36 | Long             | DBT              | CORP              | MT        |   2195000 | PA      | $2073649.34   | 0.20%             | 2030-02-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: —       |
| UNICREDIT, SOCIETA PER AZIONI                           | UNICREDIT SPA                                      | CUSIP: 904678AF6<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |   5000000 | PA      | $5038682.43   | 0.49%             | 2032-06-19      | Fixed         | 5.86%                 | Yes           |                  2 | On Loan: No      |
| Performance Food Group, Inc.                            | PERFORMANCE FOOD GROUP INC                         | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3364947.01   | 0.33%             | 2029-08-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| CP ATLAS BUYER, INC.                                    | CP ATLAS BUYER INC                                 | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |   1764000 | PA      | $1780281.33   | 0.17%             | 2030-07-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                  | EQUIPMENTSHARE COM INC                             | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3689940.80   | 0.36%             | 2028-05-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOANS INC                              | CWHL MORTGAGE PASS THROUGH TRUST 2004 25           | CUSIP: 12669GKD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    382916 | PA      | $36211.06     | 0.00%             | 2035-02-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                    | SANTANDER BANK AUTO CREDIT LINKED NOTES SERIES 202 | CUSIP: 80290CBV5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     64201 | PA      | $64397.02     | 0.01%             | 2033-06-15      | Fixed         | 6.74%                 | Yes           |                  2 | On Loan: No      |
| AMYNTA AGENCY BORROWER INC                              | AMYNTA AGENCY BORROWER INC                         | CUSIP: 57810JAL2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1975100 | PA      | $1975593.64   | 0.19%             | 2031-12-29      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP LP                                          | UNITI GROUP CSL CAPITAL LLC                        | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $486367.66    | 0.05%             | 2029-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MONEYGRAM INTERNATIONAL, INC.                           | MOBIUS MERGER SUB INC                              | CUSIP: 606950AA1<br>LEI: 5299002DLX0Q04KC4156 | Long             | DBT              | CORP              | US        |   2453000 | PA      | $2251139.26   | 0.22%             | 2030-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| VERMILION ENERGY INC.                                   | VERMILION ENERGY INC                               | CUSIP: 923725AE5<br>LEI: 8945009D1HGCJC8M8A68 | Long             | DBT              | CORP              | CA        |    920000 | PA      | $869465.24    | 0.08%             | 2033-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS, INC.                               | FRONT RANGE BIDCO INC                              | CUSIP: 98919VAB1<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |   4541000 | PA      | $4100600.89   | 0.40%             | 2028-03-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: —       |
| CVS HEALTH CORPORATION                                  | CVS HEALTH CORP                                    | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    590000 | PA      | $607827.52    | 0.06%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I, L.P.                               | HARVEST MIDSTREAM I LP                             | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4160346.39   | 0.40%             | 2032-05-15      | Fixed         | 7.50%                 | Yes           |                  2 | 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        |   1767000 | PA      | $1820120.49   | 0.18%             | 2032-07-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| WINDSTREAM SERVICES, LLC                                | WINDSTREAM ESCROW LLC                              | CUSIP: 97381AAA0<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1047710.57   | 0.10%             | 2031-10-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| BAUSCH LOMB CORP                                        | BAUSCH LOMB CORP                                   | CUSIP: C0787FAG7<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | US        |   1473750 | PA      | $1472526.79   | 0.14%             | 2028-09-29      | Floating      | 8.36%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE, INC.                                | GROUP 1 AUTOMOTIVE INC                             | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1020265.34   | 0.10%             | 2030-01-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Gray Media, Inc                                         | GRAY MEDIA INC                                     | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    221000 | PA      | $223138.92    | 0.02%             | 2032-07-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| NISSAN MOTOR CO., LTD.                                  | NISSAN MOTOR CO LTD                                | CUSIP: 654922AC7<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    768000 | PA      | $795043.94    | 0.08%             | 2032-07-17      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| X CORP.                                                 | X CORP                                             | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    994898 | PA      | $968622.70    | 0.09%             | 2029-10-26      | Floating      | 10.81%                | No            |                  2 | On Loan: No      |
| EMRLD BORROWER LP                                       | EMERALD DEBT MERGER SUB LLC                        | CUSIP: 29103CAA6<br>LEI: 5493000GJYE7GAQCUC61 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3060651.46   | 0.30%             | 2030-12-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| MSILF Government Portfolio                              | MSILF GOVERNMENT-INST                              | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   5668612 | NS      | $5668612.11   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ATS CORPORATION                                         | ATS AUTOMATION TOOLING SYSTEMS INC                 | CUSIP: 001940AC9<br>LEI: 5493005KP4RP3IU7HQ41 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $950946.14    | 0.09%             | 2028-12-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| THE E.W. SCRIPPS COMPANY                                | SCRIPPS ESCROW II INC                              | CUSIP: 81105DAA3<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |    631000 | PA      | $560274.21    | 0.05%             | 2029-01-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: —       |
| TAYLOR MORRISON COMMUNITIES, INC.                       | TAYLOR MORRISON COMM                               | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1009408.82   | 0.10%             | 2028-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| VB-S1 ISSUER, LLC                                       | VB S1 ISSUER LLC VBTEL                             | CUSIP: 91823ABG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    875000 | PA      | $905435.13    | 0.09%             | 2054-05-15      | Fixed         | 8.87%                 | Yes           |                  2 | On Loan: No      |
| LEVEL 3 FINANCING, INC.                                 | LEVEL 3 FINANCING INC                              | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    883063 | PA      | $895905.55    | 0.09%             | 2033-06-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| LABL, INC.                                              | LABL INC                                           | CUSIP: 50168EAN2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | LON              | CORP              | US        |    984694 | PA      | $889129.34    | 0.09%             | 2028-10-29      | Floating      | 9.36%                 | No            |                  2 | On Loan: No      |
| United States of America                                | 30 YEAR US TREASURY BOND FUTURE SEP25              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         6 | NC      | $11887.58     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST                            | FORD CREDIT AUTO OWNER TRUST 2023 REV1             | CUSIP: 34535QAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1966000 | PA      | $1999324.41   | 0.19%             | 2035-08-15      | Fixed         | 6.26%                 | 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        |   3532000 | PA      | $3120849.02   | 0.30%             | 2032-01-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| CCO HOLDINGS, LLC                                       | CCO HOLDINGS LLC CCO HOLDINGS CAPITAL CORP         | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4439207.79   | 0.43%             | 2033-06-01      | Fixed         | 4.50%                 | 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        |    883000 | PA      | $885515.31    | 0.09%             | 2033-07-15      | Fixed         | 7.50%                 | 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        |   1294000 | PA      | $1288126.36   | 0.12%             | 2032-02-01      | Fixed         | 7.50%                 | 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        |   2861000 | PA      | $2925310.86   | 0.28%             | 2029-05-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| RAND PARENT, LLC                                        | RAND PARENT LLC                                    | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $502774.36    | 0.05%             | 2030-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORPORATION                          | ZEBRA TECHNOLOGIES CORP                            | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1536494.14   | 0.15%             | 2032-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| DISH DBS Corporation                                    | DISH DBS CORP                                      | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1410857.95   | 0.14%             | 2026-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| ONESKY FLIGHT, LLC                                      | ONESKY FLIGHT LLC                                  | CUSIP: 68278CAA3<br>LEI: 549300PM6NEPXGG5B882 | Long             | DBT              | CORP              | US        |   2577000 | PA      | $2715870.33   | 0.26%             | 2029-12-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| DOTDASH MEREDITH, INC.                                  | DOTDASH MEREDITH INC                               | CUSIP: 25849JAA8<br>LEI: 549300R2AA7U9CJUQO13 | Long             | DBT              | CORP              | US        |    695000 | PA      | $677225.12    | 0.07%             | 2032-06-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Altice France Holding S.A.                              | ALTICE FRANCE HOLDINGS SA                          | CUSIP: 02156TAA2<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |  11000000 | PA      | $4044764.20   | 0.39%             | 2028-02-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: —       |
| METLIFE, INC.                                           | METLIFE INC                                        | CUSIP: 59156RAV0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1329904.04   | 0.13%             | 2069-08-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| SECURITIZED TERM AUTO RECEIVABLES TRUST                 | SECURITIZED TERM AUTO RECEIVABLES TRUST            | CUSIP: 81378RAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1797085 | PA      | $1811788.45   | 0.18%             | 2031-07-25      | Fixed         | 6.75%                 | 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        |    246500 | NS      | $11533735.00  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| JH NORTH AMERICA HOLDINGS INC.                          | JH NORTH AMERICA HOLDINGS INC                      | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |   1225000 | PA      | $1238864.34   | 0.12%             | 2032-07-31      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                      | VOYAGER PARENT LLC                                 | CUSIP: BL5083276<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $2000300.00   | 0.19%             | 2032-05-10      | Floating      | 9.04%                 | No            |                  2 | On Loan: No      |
| ZEGONA FINANCE PLC                                      | ZEGONA FINANCE PLC                                 | CUSIP: 98927UAA5<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |   2251000 | PA      | $2397760.47   | 0.23%             | 2029-07-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| SGH2 LLC                                                | SGH2 LLC                                           | CUSIP: BL5164258<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1322202 | PA      | $1322202.00   | 0.13%             | 2032-07-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BPR TRUST                                               | BPR TRUST 2022 STAR                                | CUSIP: 055980AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2536363 | PA      | $2534527.00   | 0.25%             | 2039-08-15      | Floating      | 7.57%                 | Yes           |                  2 | On Loan: No      |
| ACRISURE, LLC                                           | ACRISURE LLC ACRISURE FINANCE INC                  | CUSIP: 00489LAK9<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |    500000 | PA      | $516479.43    | 0.05%             | 2029-02-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES, INC.                                 | AMERICAN AIRLINES INC                              | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1045015.77   | 0.10%             | 2029-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: —       |
| BOOST NEWCO BORROWER, LLC                               | GTCR W 2 MERGER SUB LLC                            | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |   5321000 | PA      | $5625722.78   | 0.54%             | 2031-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| MGM RESORTS INTERNATIONAL                               | MGM RESORTS INTERNATIONAL                          | CUSIP: 552953CK5<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1014597.88   | 0.10%             | 2029-09-15      | Fixed         | 6.12%                 | 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        |    845000 | PA      | $842495.37    | 0.08%             | 2034-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES, INC.                              | SENSATA TECHNOLOGIES INC                           | CUSIP: 81728UAC8<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1024066.62   | 0.10%             | 2032-07-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| HANESBRANDS INC.                                        | HANESBRANDS INC                                    | CUSIP: 410345AQ5<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1580181.99   | 0.15%             | 2031-02-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST                              | LAD AUTO RECEIVABLES TRUST 2023 1                  | CUSIP: 505710AF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2263000 | PA      | $2313421.85   | 0.22%             | 2030-06-17      | Fixed         | 7.30%                 | Yes           |                  2 | On Loan: No      |
| ENSTAR FINANCE LLC                                      | ENSTAR FINANCE LLC                                 | CUSIP: 29360AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    653000 | PA      | $651367.53    | 0.06%             | 2040-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BWX TECHNOLOGIES, INC.                                  | BWX TECHNOLOGIES INC                               | CUSIP: 05605HAC4<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $960132.83    | 0.09%             | 2029-04-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| THE E.W. SCRIPPS COMPANY                                | EW SCRIPPS CO THE                                  | CUSIP: 26928BAQ2<br>LEI: 549300U1OW41QPKYW028 | Long             | LON              | CORP              | US        |   1050000 | PA      | $1060500.00   | 0.10%             | 2028-06-30      | Floating      | 10.21%                | No            |                  2 | On Loan: No      |
| Consolidated Energy Finance S.A.                        | CONSOLIDATED ENERGY FINANCE SA                     | CUSIP: 20914UAH9<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    500000 | PA      | $469959.24    | 0.05%             | 2031-02-15      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: —       |
| DIEBOLD NIXDORF, INCORPORATED                           | DIEBOLD NIXDORF INC                                | CUSIP: 253651AK9<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |   1087000 | PA      | $1152185.50   | 0.11%             | 2030-03-31      | Fixed         | 7.75%                 | 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        |   2000000 | PA      | $2112244.72   | 0.20%             | 2031-07-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| UKG INC.                                                | UKG INC                                            | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |    127903 | PA      | $127851.65    | 0.01%             | 2031-01-31      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| Gray Media, Inc                                         | GRAY TELEVISION INC                                | CUSIP: 389375AL0<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    257000 | PA      | $191846.52    | 0.02%             | 2030-10-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Perrigo Finance Unlimited Company                       | PERRIGO FINANCE UNLIMITED CO                       | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |   2000000 | PA      | $2012985.69   | 0.19%             | 2032-09-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| DYE & DURHAM CORPORATION                                | DYE DURHAM LTD                                     | CUSIP: 267486AA6<br>LEI: 549300XUQDPIC5QRY347 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1042042.55   | 0.10%             | 2029-04-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| THE GEO GROUP, INC.                                     | GEO GROUP INC THE                                  | CUSIP: 36162JAG1<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |    247000 | PA      | $261979.58    | 0.03%             | 2029-04-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                               | SUNOCO LP                                          | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1569369.09   | 0.15%             | 2033-07-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| SABRE GLBL INC.                                         | SABRE GLBL INC                                     | CUSIP: 78573NAM4<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    882000 | PA      | $931143.39    | 0.09%             | 2030-07-15      | Fixed         | 11.12%                | Yes           |                  2 | On Loan: No      |
| CVS HEALTH CORPORATION                                  | CVS CORP                                           | CUSIP: 12665JVR7<br>LEI: 549300EJG376EN5NQE29 | Long             | STIV             | CORP              | US        |   5600000 | PA      | $5580619.52   | 0.54%             |  |  |  | Yes           |                  2 | On Loan: No      |
| DIRECTV FINANCING, LLC                                  | DIRECTV FINANCING LLC                              | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1745356 | PA      | $1728914.96   | 0.17%             | 2029-08-02      | Floating      | 9.56%                 | No            |                  2 | On Loan: No      |
| Gray Media, Inc                                         | GRAY ESCROW II INC                                 | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   4222000 | PA      | $3117317.79   | 0.30%             | 2031-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                | SERVICE PROPERTIES TRUST                           | CUSIP: 81761LAE2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   1068000 | PA      | $1116172.49   | 0.11%             | 2032-06-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| DCLI BIDCO LLC                                          | DCLI BIDCO LLC                                     | CUSIP: 233104AA6<br>LEI: 2549007UUVJTHHNK9T70 | Long             | DBT              | CORP              | US        |   1674000 | PA      | $1707584.57   | 0.17%             | 2029-11-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| CHURCHILL DOWNS INCORPORATED                            | CDI ESCROW ISSUER INC                              | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998227.59    | 0.10%             | 2030-04-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROUP, INC.                         | SINCLAIR TELEVISION GROU                           | CUSIP: 829259AY6<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    820000 | PA      | $677225.68    | 0.07%             | 2030-03-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: —       |
| 1261229 B.C. Ltd                                        | 1261229 BC LTD                                     | CUSIP: C6903HAB0<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    875000 | PA      | $856135.00    | 0.08%             | 2030-10-08      | Floating      | 10.61%                | No            |                  2 | On Loan: No      |
| CD&R SMOKEY BUYER, INC.                                 | CD R SMOKEY BUYER INC RADIO SYSTEMS CORP           | CUSIP: 12515KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1247274.23   | 0.12%             | 2029-10-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| CITGO PETROLEUM CORPORATION                             | CITGO PETROLEUM CORP                               | CUSIP: 17302XAN6<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |   4562000 | PA      | $4741004.34   | 0.46%             | 2029-01-15      | Fixed         | 8.38%                 | 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        |   1712000 | PA      | $1582787.16   | 0.15%             | 2031-07-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| JABIL INC.                                              | JABIL INC                                          | CUSIP: 46652LV87<br>LEI: 5493000CGCQY2OQU7669 | Long             | STIV             | CORP              | US        |   4000000 | PA      | $3995484.00   | 0.39%             |  |  |  | Yes           |                  2 | On Loan: No      |
| THE E.W. SCRIPPS COMPANY                                | EW SCRIPPS CO THE                                  | CUSIP: 811054AH8<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |   1758000 | PA      | $1747095.59   | 0.17%             | 2030-08-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| CALPINE CORPORATION                                     | CALPINE CORP                                       | CUSIP: 131347CP9<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   5600000 | PA      | $5504288.57   | 0.53%             | 2029-02-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| TALLGRASS ENERGY PARTNERS, LP                           | TALLGRASS ENERGY PARTNERS LP                       | CUSIP: 87470LAL5<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1025569.96   | 0.10%             | 2029-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS, LLC                           | FOCUS FINANCIAL PARTNERS LLC                       | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1277266.28   | 0.12%             | 2031-09-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICES, INC.                         | PRIME HEALTHCARE SERVICES INC                      | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3095000 | PA      | $3074873.66   | 0.30%             | 2029-09-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| FLUTTER TREASURY DESIGNATED ACTIVITY COMPANY            | FLUTTER TREASURY DAC                               | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    236000 | PA      | $237839.58    | 0.02%             | 2031-06-04      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| BOYNE USA INC.                                          | BOYNE USA INC                                      | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3015000 | PA      | $2925545.81   | 0.28%             | 2029-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| THE CHEMOURS COMPANY                                    | CHEMOURS CO THE                                    | CUSIP: 163851AJ7<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |   2763000 | PA      | $2570586.28   | 0.25%             | 2033-01-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| GOAT HOLDCO, LLC                                        | GOAT HOLDCO LLC                                    | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1717000 | PA      | $1737631.33   | 0.17%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CIVITAS RESOURCES, INC.                                 | CIVITAS RESOURCES INC                              | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   2123000 | PA      | $2183098.23   | 0.21%             | 2033-06-15      | Fixed         | 9.62%                 | 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        |   2021000 | PA      | $2064721.88   | 0.20%             | 2032-04-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| NOVA Chemicals Corporation                              | NOVA CHEMICALS CORP                                | CUSIP: 66977WAV1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    405000 | PA      | $423579.45    | 0.04%             | 2031-12-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ROCKET SOFTWARE, INC.                                   | ROCKET SOFTWARE INC                                | CUSIP: 77314EAA6<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    500000 | PA      | $486003.17    | 0.05%             | 2029-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS, INC.                      | CHS COMMUNITY HEALTH SYSTEMS INC                   | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1083000 | PA      | $1136113.14   | 0.11%             | 2032-01-15      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| PRA GROUP, INC.                                         | PRA GROUP INC                                      | CUSIP: 69354NAF3<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1764985.83   | 0.17%             | 2030-01-31      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| HILCORP ENERGY I, L.P.                                  | HILCORP ENERGY I LP HILCORP FINANCE CO             | CUSIP: 431318AZ7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $960149.27    | 0.09%             | 2032-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS, INC.                    | CLEAR CHANNEL OUTDOOR HOLDINGS INC                 | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    858000 | PA      | $781906.49    | 0.08%             | 2029-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| CROWN CASTLE INC.                                       | CROWN CASTLE INC                                   | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |      6253 | NS      | $657127.77    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CHESAPEAKE FUNDING LLC                                  | CHESAPEAKE FUNDING II LLC                          | CUSIP: 165183CY8<br>LEI: 549300LG5AUFDML64706 | Long             | ABS-MBS          | CORP              | US        |    375000 | PA      | $378434.96    | 0.04%             | 2035-05-15      | Fixed         | 6.69%                 | Yes           |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HOLDINGS LIMITED                   | MACQUARIE AIRFINANCE HOLDINGS LTD                  | CUSIP: 55609NAB4<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $522002.34    | 0.05%             | 2029-03-30      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| MASTERBRAND, INC.                                       | MASTERBRAND INC                                    | CUSIP: 57638PAA2<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1526299.58   | 0.15%             | 2032-07-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| SEASPAN CORPORATION                                     | SEASPAN CORP                                       | CUSIP: 81254UAK2<br>LEI: 5493007Z8Q1H45KT7W98 | Long             | DBT              | CORP              | MH        |   1500000 | PA      | $1427705.59   | 0.14%             | 2029-08-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| HERC HOLDINGS INC.                                      | HERC HOLDINGS INC                                  | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   1323000 | PA      | $1370894.27   | 0.13%             | 2033-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| PRAIRIE ACQUIROR LP                                     | PRAIRIE ACQUIROR LP                                | CUSIP: 73943NAA4<br>LEI: 254900Q6KU2LVSIISH22 | Long             | DBT              | CORP              | US        |    500000 | PA      | $518336.09    | 0.05%             | 2029-08-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT, INC.                             | CAESARS ENTERTAINMENT INC                          | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    500000 | PA      | $515801.06    | 0.05%             | 2030-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CALPINE CORPORATION                                     | CALPINE CORP                                       | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4229221.44   | 0.41%             | 2028-03-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| HIG FINANCE 2 LIMITED                                   | HYPERION REFINANCE S A R L                         | CUSIP: G4712JAY8<br>LEI: 213800OOZO37Y7YL2O58 | Long             | LON              | CORP              | GB        |   3445961 | PA      | $3453507.31   | 0.33%             | 2030-04-18      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| LABL, INC.                                              | LABL INC                                           | CUSIP: 50168QAF2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1659330.94   | 0.16%             | 2031-10-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| PAGAYA US HOLDING COMPANY LLC                           | PAGAYA US HOLDINGS CO LLC                          | CUSIP: 69549FAC3<br>LEI: 254900M9VGE3HM0OYH17 | Long             | DBT              | CORP              | US        |    875000 | PA      | $869287.58    | 0.08%             | 2030-08-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| HILCORP ENERGY I, L.P.                                  | HILCORP ENERGY I LP HILCORP FINANCE CO             | CUSIP: 431318AS3<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1506773.76   | 0.15%             | 2028-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| GUADALUPE VALLEY ELECTRIC COOPERATIVE, INC.             | GUADALUPE VAL ELEC                                 | CUSIP: 40064AV60<br>LEI: TBXDF1BZ4WKPIZYR5I09 | Long             | STIV             | CORP              | US        |   7500000 | PA      | $7494525.00   | 0.73%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NCL CORPORATION LTD.                                    | NCL CORP LTD                                       | CUSIP: 62886HBP5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1011599.90   | 0.10%             | 2030-03-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| PEDIATRIX MEDICAL GROUP, INC.                           | MEDNAX INC                                         | CUSIP: 58502BAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3426916.54   | 0.33%             | 2030-02-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| BRIGHTSTAR LOTTERY PLC                                  | INTERNATIONAL GAME TECH                            | CUSIP: 460599AD5<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   2594000 | PA      | $2620465.75   | 0.25%             | 2027-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| LAMAR MEDIA CORP.                                       | LAMAR MEDIA CORP                                   | CUSIP: 513075BZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    847000 | PA      | $779200.54    | 0.08%             | 2031-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE LIMITED                          | ARDONAGH GROUP FINANCE                             | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |   4000000 | PA      | $4208537.69   | 0.41%             | 2032-02-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT LLC                              | FERTITTA ENTERTAINMENT LLC                         | CUSIP: 31556PAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    206209 | PA      | $206250.16    | 0.02%             | 2029-01-27      | Floating      | 7.60%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS, LLC                             | AXALTA COATING SYSTEMS LLC                         | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |    500000 | PA      | $468410.84    | 0.05%             | 2029-02-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: —       |
| ALTA EQUIPMENT GROUP INC.                               | ALTA EQUIPMENT GROUP INC                           | CUSIP: 02128LAC0<br>LEI: 549300DGOB28CLGS1X27 | Long             | DBT              | CORP              | US        |    406000 | PA      | $385622.77    | 0.04%             | 2029-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: —       |
| CROWN CASTLE INC.                                       | CROWN CASTLE INTL CORP                             | CUSIP: 22823PV59<br>LEI: 54930012H97VSM0I2R19 | Long             | STIV             | CORP              | US        |   2700000 | PA      | $2698137.27   | 0.26%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BURFORD CAPITAL GLOBAL FINANCE LLC                      | BURFORD CAPITAL GLOBAL FINANCE LLC                 | CUSIP: 12116LAG4<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |   2207000 | PA      | $2220887.28   | 0.22%             | 2033-07-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS, INC.                    | CLEAR CHANNEL OUTDOOR HOLDINGS INC                 | CUSIP: 18453HAE6<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2096203.00   | 0.20%             | 2028-09-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| UNITED RENTALS (NORTH AMERICA), INC.                    | UNITED RENTALS NORTH AM                            | CUSIP: 911365BN3<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1420177.72   | 0.14%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Post Holdings, Inc.                                     | POST HOLDINGS INC                                  | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   3390000 | PA      | $3396772.14   | 0.33%             | 2033-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| FORESTAR GROUP INC.                                     | FORESTAR GROUP INC                                 | CUSIP: 346232AG6<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |   1762000 | PA      | $1769616.18   | 0.17%             | 2033-03-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC.                                    | GLOBAL PAYMENTS INC                                | CUSIP: 37961CV74<br>LEI: 549300NOMHGVQBX6S778 | Long             | STIV             | CORP              | US        |   5800000 | PA      | $5794473.76   | 0.56%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GGAM Finance Limited                                    | GGAM FINANCE LTD                                   | CUSIP: 36170JAE6<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $1004023.15   | 0.10%             | 2030-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| LEVEL 3 FINANCING, INC.                                 | LEVEL 3 FINANCING INC                              | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   2649000 | PA      | $2220227.76   | 0.21%             | 2029-07-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: —       |
| SHR TRUST                                               | SHR TRUST 2024 LXRY                                | CUSIP: 784234AG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1249405.70   | 0.12%             | 2041-10-15      | Floating      | 7.94%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD.                            | ROYAL CARIBBEAN CRUISES LTD                        | CUSIP: 780153BU5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     60000 | PA      | $61538.40     | 0.01%             | 2032-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ROCKET SOFTWARE, INC.                                   | ROCKET SOFTWARE INC                                | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2063820.60   | 0.20%             | 2028-11-28      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                 | SASOL FINANCING USA LLC                            | CUSIP: 80386WAF2<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1496718.41   | 0.14%             | 2029-05-03      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP, INC.                              | CLOUD SOFTWARE GROUP INC                           | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    500000 | PA      | $517438.16    | 0.05%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| FIBERCOP S.P.A.                                         | OPTICS BIDCO SPA                                   | CUSIP: 683879AF7<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |   2247000 | PA      | $2221820.17   | 0.22%             | 2036-07-18      | Fixed         | 7.20%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS, LLC                                       | CSC HOLDINGS LLC                                   | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4522586.96   | 0.44%             | 2028-05-15      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: No      |
| ONEDIGITAL BORROWER LLC                                 | ONEDEGITAL BORROWER LLC                            | CUSIP: 68252HAB0<br>LEI: 2549009GTKWWAO1E9X77 | Long             | LON              | CORP              | US        |   3000000 | PA      | $3009390.00   | 0.29%             | 2031-07-02      | Floating      | 9.61%                 | No            |                  2 | On Loan: No      |
| MAYA S.A.S.                                             | ILIAD HOLDING SASU                                 | CUSIP: 449691AF1<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |   2000000 | PA      | $2145616.94   | 0.21%             | 2031-04-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| EASTERN MAINE HEALTHCARE SYSTEMS                        | EASTERN MAINE HEALTHCARE SYSTEMS                   | CUSIP: 276682AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2616110.20   | 0.25%             | 2036-07-01      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| GATES CORPORATION                                       | GATES CORP THE                                     | CUSIP: 367398AA2<br>LEI: 984500F43C791F4C7894 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1029977.95   | 0.10%             | 2029-07-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP, INC.                              | PICARD MIDCO INC                                   | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1879000 | PA      | $1897760.75   | 0.18%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| LC AHAB US BIDCO LLC                                    | LC AHAB US BIDCO LLC                               | CUSIP: 50180PAB7<br>LEI: 254900949U9K2Q5C5A85 | Long             | LON              | CORP              | US        |    496250 | PA      | $496562.64    | 0.05%             | 2031-04-14      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| AMSTED INDUSTRIES INCORPORATED                          | AMSTED INDUSTRIES INC                              | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |   4389000 | PA      | $4454797.04   | 0.43%             | 2033-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| GESTION D'ASSURANCES JONES DESLAURIERS INC              | JONES DESLAURIERS INSURANCE MANAGEMENT INC         | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $527610.41    | 0.05%             | 2030-03-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| MERCHANTS FLEET FUNDING LLC                             | MERCHANTS FLEET FUNDING LLC                        | CUSIP: 588926AJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1673000 | PA      | $1705669.70   | 0.17%             | 2037-04-20      | Fixed         | 6.85%                 | Yes           |                  2 | On Loan: No      |
| FARM CREDIT BANK OF TEXAS                               | FARM CREDIT BANK OF TEXAS                          | CUSIP: 30767EAD1<br>LEI: V1EBJIOLRNYDHDF63Z33 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1997749.12   | 0.19%             | 2199-12-31      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER, LLC                              | PANTHER ESCROW ISSUER LLC                          | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1550481.58   | 0.15%             | 2031-06-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| AMC NETWORKS INC.                                       | AMC NETWORKS INC                                   | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1233121.00   | 0.12%             | 2029-01-15      | Fixed         | 10.25%                | Yes           |                  2 | On Loan: No      |
| GUADALUPE VALLEY ELECTRIC COOPERATIVE, INC.             | GUADALUPE VAL ELEC                                 | CUSIP: 40064AVD5<br>LEI: TBXDF1BZ4WKPIZYR5I09 | Long             | STIV             | CORP              | US        |   2700000 | PA      | $2694964.50   | 0.26%             |  |  |  | Yes           |                  2 | On Loan: No      |
| R. R. DONNELLEY & SONS COMPANY                          | RR DONNELLEY SONS CO                               | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1022649.30   | 0.10%             | 2029-08-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Bausch + Lomb Corporation                               | BAUSCH LOMB ESCROW CORP                            | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $522581.76    | 0.05%             | 2028-10-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| HCA INC.                                                | HCA INC                                            | CUSIP: 40412BV42<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | STIV             | CORP              | US        |  10300000 | PA      | $10294477.14  | 1.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| VERTICAL BRIDGE CC LLC                                  | VB S1 ISSUER LLC VBTEL                             | CUSIP: 91823ABA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2828893.50   | 0.27%             | 2052-02-15      | Fixed         | 5.27%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS, LLC                                       | CSC HOLDINGS LLC                                   | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2805868.91   | 0.27%             | 2029-01-31      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| STAPLES, INC.                                           | STAPLES INC                                        | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2342366.75   | 0.23%             | 2029-09-01      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING, LLC                        | PERMIAN RESOURCES OPERATING LLC                    | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |   2576000 | PA      | $2586687.95   | 0.25%             | 2033-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| DIRECTV FINANCING, LLC                                  | DIRECTV FINANCING LLC                              | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4364000 | PA      | $4206845.25   | 0.41%             | 2031-02-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD.                            | ROYAL CARIBBEAN CRUISES LTD                        | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   7787000 | PA      | $7918121.67   | 0.77%             | 2033-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| HIGHTOWER HOLDING, LLC                                  | HIGHTOWER HOLDING LLC                              | CUSIP: 43118DAB6<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |    750000 | PA      | $797607.37    | 0.08%             | 2030-01-31      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| FMC CORPORATION                                         | FMC CORP                                           | CUSIP: 34410WV17<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | STIV             | CORP              | US        |   7200000 | PA      | $7198975.44   | 0.70%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Lealand Finance Company B.V.                            | LEALAND FINANCE CO BV                              | CUSIP: N5200EAC5<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |     38926 | PA      | $27118.58     | 0.00%             | 2024-06-30      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| TRUCORDIA INSURANCE HOLDINGS, LLC                       | PCF INSURANCE SERVICES OF THE WEST LLC             | CUSIP: 89783WAB1<br>LEI: 254900KYYP47CV7DMK95 | Long             | LON              | CORP              | US        |    883063 | PA      | $887478.32    | 0.09%             | 2032-06-14      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY, INC.                                        | NRG ENERGY INC                                     | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1997124.94   | 0.19%             | 2029-07-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CHS Inc.                                                | CHS INC PFD                                        | CUSIP: 12542R308<br>LEI: XEIEFTLYDQ1MZ6TZV015 | Long             | EP               | CORP              | US        |     87180 | NS      | $2328577.80   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| LEVEL 3 FINANCING, INC.                                 | LEVEL 3 FINANCING INC                              | CUSIP: 527298CF8<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   2617000 | PA      | $2264678.08   | 0.22%             | 2030-10-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| PETSMART LLC                                            | PETSMART INC                                       | CUSIP: 71677HAL9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1100000 | PA      | $1096337.00   | 0.11%             | 2028-02-14      | Floating      | 8.21%                 | No            |                  2 | On Loan: No      |
| STAR LEASING COMPANY, LLC                               | STAR LEASING CO LLC                                | CUSIP: 854938AA5<br>LEI: 549300WXKNX4PT3HSN71 | Long             | DBT              | CORP              | US        |    867000 | PA      | $855647.12    | 0.08%             | 2030-02-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| CENTRAL PARENT LLC                                      | CENTRAL PARENT INC                                 | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4722255 | PA      | $3836831.94   | 0.37%             | 2029-07-06      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS, INC.                                     | LITHIA MOTORS INC                                  | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |   6950000 | PA      | $6530469.89   | 0.63%             | 2031-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS, INC.                             | QUEEN MERGERCO INC                                 | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    442000 | PA      | $455332.38    | 0.04%             | 2032-04-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| WW International, Inc.                                  | WW INTERNATIONAL INC                               | CUSIP: 98262PAA9<br>LEI: SGT8R1MU6ESIC7UJC518 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $496492.62    | 0.05%             | 2029-04-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD.                            | ROYAL CARIBBEAN CRUISES LTD                        | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    795000 | PA      | $800868.91    | 0.08%             | 2031-09-30      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| US FOODS, INC.                                          | US FOODS INC                                       | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2941039.38   | 0.28%             | 2029-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST                                                | BX TRUST 2025 GW                                   | CUSIP: 12433GAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1526000 | PA      | $1528670.24   | 0.15%             | 2042-07-15      | Floating      | 7.09%                 | Yes           |                  2 | On Loan: No      |
| VIRGIN MEDIA FINANCE PLC                                | VIRGIN MEDIA FINANCE PLC                           | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |    970000 | PA      | $874186.67    | 0.08%             | 2030-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Bausch + Lomb Corporation                               | BAUSCH LOMB CORP                                   | CUSIP: C0787FAJ1<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |    800000 | PA      | $802200.00    | 0.08%             | 2031-01-15      | Floating      | 8.61%                 | No            |                  2 | On Loan: No      |
| CUMULUS MEDIA NEW HOLDINGS INC.                         | CUMULUS MEDIA NEW HOLDINGS INC                     | CUSIP: 23110AAB2<br>LEI: 5493001D9VBAVY1OKJ46 | Long             | DBT              | CORP              | US        |   7151000 | PA      | $1873834.26   | 0.18%             | 2029-07-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                      | OSAIC HOLDINGS INC                                 | CUSIP: BL5135878<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    440734 | PA      | $440734.00    | 0.04%             | 2032-07-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GESTION D'ASSURANCES JONES DESLAURIERS INC              | JONES DESLAURIERS INSURANCE MANAGEMENT INC         | CUSIP: 48020RAA3<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $266560.80    | 0.03%             | 2030-12-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| WAND NEWCO 3, INC.                                      | WAND NEWCO 3 INC                                   | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |    300000 | PA      | $315283.05    | 0.03%             | 2032-01-30      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING                          | AVIS BUDGET RENTAL CAR FUNDING AESOP LLC           | CUSIP: 05377RHE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2034584.41   | 0.20%             | 2028-04-20      | Fixed         | 6.85%                 | Yes           |                  2 | On Loan: No      |
| ARDONAGH FINCO LIMITED                                  | ARDONAGH FINCO LTD                                 | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |   3663000 | PA      | $3819020.50   | 0.37%             | 2031-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| BLOCK, INC.                                             | BLOCK INC                                          | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   6308000 | PA      | $6474677.70   | 0.63%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BLH ESCROW 1 LLC                                        | BRIGHTLINE EAST LLC                                | CUSIP: 093536AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1100000 | PA      | $718801.87    | 0.07%             | 2030-01-31      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: —       |
| SPDR Portfolio High Yield Bond ETF                      | SPDR PORTFOLIO HIGH YIELD BOND ETF                 | CUSIP: 78468R606<br>LEI: N/A                  | Long             |  | RF                | US        |    844981 | NS      | $20026049.70  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| AMC NETWORKS INC.                                       | AMC NETWORKS INC                                   | CUSIP: 00164VAK9<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |   1766000 | PA      | $1796529.61   | 0.17%             | 2032-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Bacardi-Martini B.V.                                    | BACARDI USA INC                                    | CUSIP: 05634EVM1<br>LEI: 5493002XXBV8B88K2408 | Long             | STIV             | CORP              | NL        |  10000000 | PA      | $9971764.00   | 0.97%             |  |  |  | Yes           |                  2 | On Loan: No      |
| TKC HOLDINGS, INC.                                      | TKC HOLDINGS INC                                   | CUSIP: 87256FAJ3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1953582 | PA      | $1951745.19   | 0.19%             | 2028-05-15      | Floating      | 9.35%                 | No            |                  2 | On Loan: No      |
| PARK INTERMEDIATE HOLDINGS LLC.                         | PARK INTERMEDIATE HOLDINGS LLC                     | CUSIP: 70052LAC7<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |    500000 | PA      | $481154.95    | 0.05%             | 2029-05-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD.                             | FIRST QUANTUM MINERALS LTD                         | CUSIP: 335934AU9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1041140.03   | 0.10%             | 2031-06-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                                   | BELRON UK FINANCE PLC                              | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |   2275000 | PA      | $2296721.94   | 0.22%             | 2029-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| BOYD GAMING CORPORATION                                 | BOYD GAMING CORP                                   | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $952698.60    | 0.09%             | 2031-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC                         | HERTZ VEHICLE FINANCING III LLC                    | CUSIP: 42806MCD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3062573.08   | 0.30%             | 2028-02-25      | Fixed         | 9.43%                 | Yes           |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                | SERVICE PROPERTIES TRUST                           | CUSIP: 44106MAY8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2557965.07   | 0.25%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| TALLGRASS ENERGY PARTNERS, LP                           | TALLGRASS ENERGY PARTNERS FIN                      | CUSIP: 87470LAG6<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2990933.18   | 0.29%             | 2027-03-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CROWN CASTLE INC.                                       | CROWN CASTLE INTL CORP                             | CUSIP: 22823PVS9<br>LEI: 54930012H97VSM0I2R19 | Long             | STIV             | CORP              | US        |   4500000 | PA      | $4483705.05   | 0.43%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE, LLC                      | ALLIANT HOLDINGS INTERMEDIAT                       | CUSIP: 01883LAE3<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1013486.70   | 0.10%             | 2028-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NEWS CORPORATION                                        | NEWS CORP                                          | CUSIP: 65249BAB5<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $975321.73    | 0.09%             | 2032-02-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| LATAM Airlines Group S.A.                               | LATAM AIRLINES GROUP SA                            | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |   1845000 | PA      | $1902511.76   | 0.18%             | 2030-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| GREAT OUTDOORS GROUP, LLC                               | GREAT AMERICAN OUTDOORS                            | CUSIP: 07014QAP6<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |    968810 | PA      | $968567.51    | 0.09%             | 2032-03-05      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| CHOICE HOTELS INTERNATIONAL, INC.                       | CHOICE HOTELS INTERNATIONAL INC                    | CUSIP: 169905AH9<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |    637000 | PA      | $641874.05    | 0.06%             | 2034-08-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| EVERGREEN ACQCO 1 LP                                    | EVERGREEN ACQCO 1 LP TVI INC                       | CUSIP: 30015DAA9<br>LEI: 549300F6POVHG3ME8T95 | Long             | DBT              | CORP              | US        |    730000 | PA      | $760081.83    | 0.07%             | 2028-04-26      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| AADVANTAGE LOYALTY IP LTD.                              | AMERICAN AIRLINES INC AADVAN                       | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1496823 | PA      | $1496248.04   | 0.14%             | 2029-04-20      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| FCCU AUTO RECEIVABLES TRUST                             | FCCU AUTO RECEIVABLES TRUST 2024 1                 | CUSIP: 30336CAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1135555 | PA      | $1164767.33   | 0.11%             | 2032-07-15      | Fixed         | 6.78%                 | Yes           |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP, INC.                           | ASBURY AUTOMOTIVE GROUP INC                        | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    800000 | PA      | $757295.05    | 0.07%             | 2032-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| IHO Verwaltungs GmbH                                    | IHO VERWALTUNGS GMBH                               | CUSIP: 44963BAG3<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |   2012717 | PA      | $2068927.80   | 0.20%             | 2032-11-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: —       |
| WEEKLEY HOMES, LLC                                      | WEEKLEY HOMES LLC FIN                              | CUSIP: 948565AD8<br>LEI: 5493009MTTQO8ZN53F13 | Long             | DBT              | CORP              | US        |   2085000 | PA      | $2011604.59   | 0.19%             | 2028-09-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| CABLEVISION LIGHTPATH CT LLC                            | CABLEVISION LIGHTPATH LLC                          | CUSIP: 12687GAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1997000 | PA      | $1988836.43   | 0.19%             | 2028-09-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC.                                  | ELLUCIAN HOLDINGS INC                              | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2737848.91   | 0.27%             | 2029-12-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| AVIENT CORPORATION                                      | AVIENT CORP                                        | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |    500000 | PA      | $501760.04    | 0.05%             | 2031-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TRINET GROUP, INC.                                      | TRINET GROUP INC                                   | CUSIP: 896288AC1<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2059597.49   | 0.20%             | 2031-08-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS, INC.                      | CHS COMMUNITY HEALTH SYS                           | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1254600.00   | 0.12%             | 2031-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| S&S HOLDINGS, LLC                                       | S S HOLDINGS LLC                                   | CUSIP: 78525CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2588744.62   | 0.25%             | 2031-10-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC.                                          | TRANSDIGM INC                                      | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1005549.25   | 0.10%             | 2033-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| VICI PROPERTIES L.P.                                    | VICI PROPERTIES NOTE                               | CUSIP: 92564RAE5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |   1224000 | PA      | $1168675.20   | 0.11%             | 2030-08-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| WATCO COMPANIES, L.L.C.                                 | WATCO COS LLC WATCO FINANCE CORP                   | CUSIP: 941130AD8<br>LEI: 549300UK74AMHGBXZG45 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1036836.03   | 0.10%             | 2032-08-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| EZCORP, INC.                                            | EZCORP INC                                         | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |    700000 | PA      | $729190.37    | 0.07%             | 2032-04-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| LIGHT AND WONDER INTERNATIONAL, INC.                    | SCIENTIFIC GAMES INTERNA                           | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    500000 | PA      | $513375.12    | 0.05%             | 2029-11-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| M/I HOMES, INC.                                         | M I HOMES INC                                      | CUSIP: 55305BAS0<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2972538.01   | 0.29%             | 2028-02-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS, LLC                                       | CCO HLDGS LLC CAP CORP                             | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $474954.16    | 0.05%             | 2030-03-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| SBNA AUTO RECEIVABLES TRUST                             | SBNA AUTO RECEIVABLES TRUST 2025 SF1               | CUSIP: 78437XAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1003164.48   | 0.10%             | 2031-10-15      | Fixed         | 6.74%                 | Yes           |                  2 | On Loan: No      |
| DIRECTV FINANCING, LLC                                  | DIRECTV HOLDINGS LLC DIRECTV FINANCING CO INC      | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1039000 | PA      | $1032719.29   | 0.10%             | 2027-08-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| BEAZER HOMES USA, INC.                                  | BEAZER HOMES USA INC                               | CUSIP: 07556QBT1<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1257704.74   | 0.12%             | 2029-10-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC.                                         | BOMBARDIER INC                                     | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   4790000 | PA      | $5001318.13   | 0.48%             | 2031-07-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| PETSMART LLC                                            | PETSMART INC PETSMART FINANCE CORP                 | CUSIP: 71677KAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1957180.93   | 0.19%             | 2029-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| LEHMAN BROTHERS HOLDINGS INC                            | LEHMAN BROTHERS HOLDINGS                           | CUSIP: 52517PG96<br>LEI: 549300FDK6ZP3YIHRJ47 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $600.00       | 0.00%             | 2011-04-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA CAPITAL S.A.                             | TELECOM ITALIA CAPITAL SA                          | CUSIP: 87927VAR9<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |    753000 | PA      | $792025.31    | 0.08%             | 2036-07-18      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC.                  | HILTON DOMESTIC OPERATING CO INC                   | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1865650.59   | 0.18%             | 2031-05-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| NCR ATLEOS CORPORATION                                  | NCR ATLEOS ESCROW CORP                             | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |    500000 | PA      | $541817.70    | 0.05%             | 2029-04-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG, LLC                     | VENTURE GLOBAL PLAQUEMINES LNG LLC                 | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2357822.81   | 0.23%             | 2035-05-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| STUBHUB HOLDCO SUB, LLC                                 | STUBHUB HOLDCO SUB LLC                             | CUSIP: 74530DAH8<br>LEI: 549300NL9JUFIOARLW93 | Long             | LON              | CORP              | US        |    975196 | PA      | $964839.44    | 0.09%             | 2030-03-12      | Floating      | 9.11%                 | No            |                  2 | On Loan: No      |
| TKC HOLDINGS, INC.                                      | TKC HOLDINGS INC                                   | CUSIP: 87256YAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3082428.24   | 0.30%             | 2029-05-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| VITAL ENERGY, INC.                                      | VITAL ENERGY INC                                   | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    342000 | PA      | $300342.27    | 0.03%             | 2032-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: —       |
| SPIRIT AEROSYSTEMS, INC.                                | SPIRIT AEROSYSTEMS INC                             | CUSIP: 85205TAN0<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4230665.99   | 0.41%             | 2029-11-30      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| ONE MORTGAGE TRUST                                      | ONE 2021 PARK MORTGAGE TRUST                       | CUSIP: 682413AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1775000 | PA      | $1660588.10   | 0.16%             | 2036-03-15      | Floating      | 5.96%                 | Yes           |                  2 | On Loan: No      |
| SOTHEBY'S                                               | SOTHEBY S                                          | CUSIP: 835898AH0<br>LEI: 549300P5BAAMQQ7VL735 | Long             | DBT              | CORP              | US        |   7398000 | PA      | $7309650.38   | 0.71%             | 2027-10-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| SCF EQUIPMENT LEASING LLC                               | SCF EQUIPMENT LEASING 2022 2 LLC                   | CUSIP: 78397WAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    989379 | PA      | $997636.03    | 0.10%             | 2032-10-20      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corporation                                    | CARNIVAL CORP                                      | CUSIP: 143658BN1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    352000 | PA      | $355248.49    | 0.03%             | 2027-03-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| MURPHY OIL USA, INC.                                    | MURPHY OIL USA INC                                 | CUSIP: 626738AF5<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1837182.61   | 0.18%             | 2031-02-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| WASTE PRO USA, INC.                                     | WASTE PRO USA INC                                  | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |   2212000 | PA      | $2295824.18   | 0.22%             | 2033-02-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                  | EQUIPMENTSHARE COM INC                             | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1044218.38   | 0.10%             | 2033-03-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| MONEYGRAM INTERNATIONAL, INC.                           | MONEYGRAM INTERNATIONAL INC                        | CUSIP: 60935QAT3<br>LEI: 5299002DLX0Q04KC4156 | Long             | LON              | CORP              | US        |    982562 | PA      | $887460.28    | 0.09%             | 2030-06-03      | Floating      | 9.07%                 | No            |                  2 | On Loan: No      |
| BEACON MOBILITY FINANCE CORP.                           | BEACON MOBILITY CORP                               | CUSIP: 073644AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    883000 | PA      | $899631.98    | 0.09%             | 2030-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC.                                          | TRANSDIGM INC                                      | CUSIP: 893647BQ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1471497.42   | 0.14%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| POLARIS NEWCO, LLC                                      | SOLERA LLC                                         | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |   2300275 | PA      | $2253119.62   | 0.22%             | 2028-06-04      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| BCPE PEQUOD BUYER, INC.                                 | BCPE PEQUOD BUYER INC                              | CUSIP: 05624AAB8<br>LEI: 254900HEEOS2IWC84V94 | Long             | LON              | CORP              | US        |    498750 | PA      | $499373.44    | 0.05%             | 2031-11-25      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| THE HERTZ CORPORATION                                   | HERTZ CORP THE                                     | CUSIP: 428040DC0<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2665454.86   | 0.26%             | 2029-07-15      | Fixed         | 12.62%                | Yes           |                  2 | On Loan: —       |
| VENTURE GLOBAL LNG, INC.                                | VENTURE GLOBAL LNG INC                             | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2067435.55   | 0.20%             | 2031-06-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Regal Rexnord Corporation                               | REGAL REXNORD CORP                                 | CUSIP: 758750AP8<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   1474000 | PA      | $1559742.58   | 0.15%             | 2033-04-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE COMPANY, INC.                         | ACADIA HEALTHCARE CO INC                           | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    604000 | PA      | $622257.89    | 0.06%             | 2033-03-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: —       |
| XPO, INC.                                               | XPO INC                                            | CUSIP: 98379KAB8<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |    458000 | PA      | $474095.10    | 0.05%             | 2031-06-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Lehman Brothers Treasury Co. B.V. in liquidatie         | LEHMAN BROTHERS TSY BV                             | CUSIP: N/A<br>LEI: 724500T0F0L76GZEZQ58       | Long             | DBT              | CORP              | NL        |   1446508 | PA      | $370.31       | 0.00%             | 2199-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| THE HOWARD HUGHES CORPORATION                           | HOWARD HUGHES CORP THE                             | CUSIP: 44267DAF4<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |   7365000 | PA      | $6788580.43   | 0.66%             | 2031-02-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS INC.                              | ROGERS COMMUNICATIONS INC                          | CUSIP: 775109DG3<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    873000 | PA      | $893708.25    | 0.09%             | 2055-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FORTRESS INTERMEDIATE 3, INC.                           | FORTRESS INTERMEDIATE 3 INC                        | CUSIP: 34966MAA0<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1048915.07   | 0.10%             | 2031-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| GEN DIGITAL INC.                                        | GEN DIGITAL INC                                    | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    873000 | PA      | $890162.20    | 0.09%             | 2033-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ZF NORTH AMERICA CAPITAL, INC.                          | ZF NORTH AMERICA CAPITAL INC                       | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1866508.65   | 0.18%             | 2032-04-23      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| BXP TRUST                                               | BXP TRUST 2017 GM                                  | CUSIP: 05607TAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1556701.52   | 0.15%             | 2044-01-15      | Variable      | 2.87%                 | Yes           |                  2 | On Loan: No      |
| UNITED RENTALS (NORTH AMERICA), INC.                    | UNITED RENTALS INC                                 | CUSIP: 911365BR4<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   4916000 | PA      | $5041488.78   | 0.49%             | 2034-03-15      | Fixed         | 6.12%                 | 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        |   3090000 | PA      | $3080336.04   | 0.30%             | 2029-08-15      | Fixed         | 11.50%                | Yes           |                  2 | On Loan: No      |
| AVIANCA MIDCO 2 PLC                                     | AVIANCA MIDCO 2 PLC                                | CUSIP: 05369YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   3353000 | PA      | $3119170.67   | 0.30%             | 2030-02-14      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| SBA TOWER TRUST                                         | SBA TOWER TRUST                                    | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1053000 | PA      | $1079641.64   | 0.10%             | 2052-11-15      | Fixed         | 6.60%                 | Yes           |                  2 | On Loan: No      |
| THE BALDWIN INSURANCE GROUP HOLDINGS, LLC               | BALDWIN INSURANCE GROUP HOLDINGS LLC               | CUSIP: 05825XAA7<br>LEI: 5493004GCDREAQPPYG20 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1032297.85   | 0.10%             | 2031-05-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS, INC.                                | SPIRIT AEROSYSTEMS INC                             | CUSIP: 85205TAR1<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |   6777000 | PA      | $7464260.68   | 0.72%             | 2030-11-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                           | FORD MOTOR CREDIT CO LLC                           | CUSIP: 345397E66<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    853000 | PA      | $833005.78    | 0.08%             | 2034-03-08      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| COUGAR JV SUBSIDIARY, LLC                               | COUGAR JV SUBSIDIARY LLC                           | CUSIP: 22208WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1057126.74   | 0.10%             | 2032-05-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| FRONTIER ISSUER LLC                                     | FRONTIER ISSUER LLC                                | CUSIP: 35910EAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18413842 | PA      | $19271458.75  | 1.87%             | 2053-08-20      | Fixed         | 11.50%                | Yes           |                  2 | On Loan: No      |
| NEWELL BRANDS INC.                                      | NEWELL BRANDS INC                                  | CUSIP: 651229AX4<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    500000 | PA      | $477303.20    | 0.05%             | 2036-04-01      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORPORATION                                    | ECHOSTAR CORP                                      | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   4984998 | PA      | $5252866.48   | 0.51%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| SABINE OIL GAS HOLDINGS INC                             | SABINE OIL GAS HOLDINGS INC                        | CUSIP: 78532M104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2824 | NS      | $395.36       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| AMC NETWORKS INC.                                       | AMC NETWORKS INC                                   | CUSIP: 00164VAF0<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |     35000 | PA      | $28006.99     | 0.00%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| KNIFE RIVER CORPORATION                                 | KNIFE RIVER HOLDING CO                             | CUSIP: 498894AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3147130.06   | 0.30%             | 2031-05-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| PROLOGIS, INC.                                          | PROLOGIS INC                                       | CUSIP: 74340W202<br>LEI: 529900DFH19P073LZ636 | Long             | EP               | CORP              | US        |      5310 | NS      | $287908.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Pass Through Trust                      | UNITED AIR 2020 1 B PTT                            | CUSIP: 90932VAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      7861 | PA      | $7838.80      | 0.00%             | 2027-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                   | LEVEL 3 FINANCING INC                              | CUSIP: BL5042512<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2625000 | PA      | $2644687.50   | 0.26%             | 2032-03-22      | Floating      | 8.61%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                    | CARNIVAL CORP                                      | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    555000 | PA      | $564514.18    | 0.05%             | 2033-02-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| DENTSPLY SIRONA INC.                                    | DENTSPLY SIRONA INC                                | CUSIP: 24906PAB5<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |   1358000 | PA      | $1368770.87   | 0.13%             | 2055-09-12      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| LABL, INC.                                              | LABL INC                                           | CUSIP: 50168QAE5<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1850693.43   | 0.18%             | 2028-11-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS, INC.                               | FRONT RANGE BIDCO INC                              | CUSIP: 98919VAA3<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4753824.19   | 0.46%             | 2027-03-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Edgewell Personal Care Company                          | EDGEWELL PERSONAL CARE CO                          | CUSIP: 28035QAB8<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |   2379000 | PA      | $2251854.30   | 0.22%             | 2029-04-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                           | VISTRA OPERATIONS CO LLC                           | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1039157.63   | 0.10%             | 2032-04-15      | 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        |   3266000 | PA      | $3438569.09   | 0.33%             | 2031-11-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES PASS THROUGH TRUST SERIES 2014-1      | AMERICAN AIRLINES TRUST                            | CUSIP: 02377DAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    832055 | PA      | $817568.92    | 0.08%             | 2027-04-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS, INC.                                     | LITHIA MOTORS INC                                  | CUSIP: 536797AG8<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |   7239000 | PA      | $6841602.40   | 0.66%             | 2029-06-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE, INC.                              | BUILDERS FIRSTSOURCE INC                           | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   2019000 | PA      | $2048515.41   | 0.20%             | 2034-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corporation                                    | CARNIVAL CORP                                      | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    676000 | PA      | $681916.51    | 0.07%             | 2029-05-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS, LLC                                       | CSC HOLDINGS LLC                                   | CUSIP: 126307BK2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $709026.10    | 0.07%             | 2031-11-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: —       |
| ALGOMA STEEL INC.                                       | ALGOMA STEEL INC                                   | CUSIP: 01566MAD7<br>LEI: 5493006RXIB5GVHWJS53 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $906409.12    | 0.09%             | 2029-04-15      | Fixed         | 9.12%                 | Yes           |                  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        |    685000 | PA      | $666802.96    | 0.06%             | 2035-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS, INC.                                | ADVANCE AUTO PARTS INC                             | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2511349.28   | 0.24%             | 2033-08-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| NCL CORPORATION LTD.                                    | NCL CORPORATION LTD                                | CUSIP: 62886HBA8<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   2042000 | PA      | $2045893.04   | 0.20%             | 2026-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                          | OPAL BIDCO SAS                                     | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |   1500000 | PA      | $1516762.82   | 0.15%             | 2032-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| GGAM Finance Limited                                    | GGAM FINANCE LTD                                   | CUSIP: 36170JAD8<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $1030899.99   | 0.10%             | 2029-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| GENESEE & WYOMING INC.                                  | GENESEE WYOMING INC                                | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |   2248000 | PA      | $2274867.42   | 0.22%             | 2032-04-15      | Fixed         | 6.25%                 | 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        |    432000 | PA      | $441153.84    | 0.04%             | 2055-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER, INC.                                    | CP ATLAS BUYER INC                                 | CUSIP: 12658HAL6<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | LON              | CORP              | US        |   5524287 | PA      | $5264645.20   | 0.51%             | 2030-07-08      | Floating      | 9.61%                 | No            |                  2 | On Loan: No      |
| METHANEX CORPORATION                                    | METHANEX CORP                                      | CUSIP: 59151KAL2<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |   2431000 | PA      | $2388150.66   | 0.23%             | 2029-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES, INC.                              | ALBERTSONS COS INC                                 | CUSIP: 01309QAB4<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    500000 | PA      | $509312.66    | 0.05%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| OSAIC HOLDINGS, INC.                                    | OSAIC HOLDINGS INC                                 | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    220000 | PA      | $222670.20    | 0.02%             | 2032-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                      | ENERGY TRANSFER LP                                 | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1023036.14   | 0.10%             | 2199-12-31      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP LP                                          | UNITI GROUP LP UNITI GROUP FINANCE INC             | CUSIP: 91327TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1178000 | PA      | $1244550.02   | 0.12%             | 2028-02-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| United States of America                                | 5 YEAR US TREASURY NOTE FUTURE SEP25               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       225 | NC      | $75336.53     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OSAIC HOLDINGS, INC.                                    | OSAIC HOLDINGS INC                                 | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    220000 | PA      | $223543.19    | 0.02%             | 2033-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Aris Mining Corporation                                 | ARIS MINING CORP                                   | CUSIP: 04040YAB5<br>LEI: 5493001GJ5TILX6L1F82 | Long             | DBT              | CORP              | CA        |    900000 | PA      | $924384.98    | 0.09%             | 2029-10-31      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC.                                   | NEPTUNE BIDCO US INC                               | CUSIP: 64069JAF9<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |    176798 | PA      | $168906.10    | 0.02%             | 2028-10-11      | Floating      | 9.08%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LIMITED                      | CANADIAN NAT RES                                   | CUSIP: 13638WVB5<br>LEI: 549300T15RIMIKZC5Q38 | Long             | STIV             | CORP              | CA        |   3800000 | PA      | $3794504.06   | 0.37%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES, INC.                              | ALBERTSONS COS INC                                 | CUSIP: 01309QAA6<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   1841000 | PA      | $1871468.22   | 0.18%             | 2028-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MATTAMY GROUP CORPORATION                               | MATTAMY GROUP CORP                                 | CUSIP: 57701RAM4<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |   2300000 | PA      | $2206330.43   | 0.21%             | 2030-03-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO, LLC                            | BEACH ACQUISITION BIDCO LLC                        | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |   1323000 | PA      | $1379529.16   | 0.13%             | 2033-07-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| ACRISURE, LLC                                           | ACRISURE LLC                                       | CUSIP: 00488PAV7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |    992512 | PA      | $991271.86    | 0.10%             | 2030-11-06      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| FMC CORPORATION                                         | FMC CORP                                           | CUSIP: 34410WV74<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | STIV             | CORP              | US        |   3000000 | PA      | $2997007.50   | 0.29%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ENTERGY CORPORATION                                     | ENTERGY CORP                                       | CUSIP: 29364GAQ6<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6741712.62   | 0.65%             | 2054-12-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: —       |
| RB GLOBAL HOLDINGS INC.                                 | RITCHIE BROS AUCTIONEERS INC                       | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2097300.26   | 0.20%             | 2031-03-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| THE CHEMOURS COMPANY                                    | CHEMOURS CO THE                                    | CUSIP: 163851AF5<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1851871.17   | 0.18%             | 2028-11-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| IVANHOE MINES LTD                                       | IVANHOE MINES LTD                                  | CUSIP: 46579RAE4<br>LEI: 5299006XZISURYIA4G32 | Long             | DBT              | CORP              | CA        |   1614000 | PA      | $1622442.41   | 0.16%             | 2030-01-23      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| DEXT ABS LLC                                            | DEXT ABS 2023 2 LLC                                | CUSIP: 25216CAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    667000 | PA      | $707387.52    | 0.07%             | 2034-05-15      | Fixed         | 8.30%                 | Yes           |                  2 | On Loan: No      |
| US FOODS, INC.                                          | US FOODS INC                                       | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   2418000 | PA      | $2400986.76   | 0.23%             | 2033-04-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER, LP                                    | MEDLINE BORROWER LP MEDLINE CO ISSUER INC          | CUSIP: 58506DAA6<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1123411.38   | 0.11%             | 2029-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORPORATION                            | ENCOMPASS HEALTH CORP                              | CUSIP: 29261AAE0<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |    500000 | PA      | $477623.11    | 0.05%             | 2031-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: —       |
| ZAYO GROUP HOLDINGS LLC                                 | ZAYO GROUP HOLDINGS LLC                            | CUSIP: 98919XAE1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4465385 | PA      | $4334236.27   | 0.42%             | 2027-03-09      | Floating      | 8.53%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP                                           | CQP HOLDCO LP BIP V CHINOOK HOLDCO LLC             | CUSIP: 12657NAA8<br>LEI: 549300LPL012JY5D4B69 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2443893.70   | 0.24%             | 2031-06-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| GEO GROUP INC THE                                       | GEO GROUP INC THE                                  | CUSIP: 36170EAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    882229 | PA      | $883111.25    | 0.09%             | 2029-04-14      | Floating      | 9.61%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES, INC.                                 | AMERICAN AIRLINES INC                              | CUSIP: 023771T32<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    500000 | PA      | $510043.47    | 0.05%             | 2028-02-15      | Fixed         | 7.25%                 | 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        |   2000000 | PA      | $2143972.16   | 0.21%             | 2031-09-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| VAIL RESORTS, INC.                                      | VAIL RESORTS INC                                   | CUSIP: 91879QAP4<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |   2465000 | PA      | $2533899.67   | 0.25%             | 2032-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings, Inc.                                     | POST HOLDINGS INC                                  | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $955239.61    | 0.09%             | 2030-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| OVINTIV INC.                                            | OVINTIV INC                                        | CUSIP: 69047JVL9<br>LEI: 2549003MEX7YMKLGI239 | Long             | STIV             | CORP              | US        |   4000000 | PA      | $3988908.40   | 0.39%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HUNT COMPANIES, INC.                                    | HUNT COS INC                                       | CUSIP: 445587AE8<br>LEI: 549300ODPWDNCH5TKM49 | Long             | DBT              | CORP              | US        |   1928000 | PA      | $1889129.29   | 0.18%             | 2029-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| COMPASS MINERALS INTERNATIONAL, INC.                    | COMPASS MINERALS INTERNATIONAL INC                 | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |    443000 | PA      | $458971.53    | 0.04%             | 2030-07-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| HERC HOLDINGS INC.                                      | HERC HOLDINGS INC                                  | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2048056.89   | 0.20%             | 2029-06-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| CENTENE CORPORATION                                     | CENTENE CORP                                       | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   4799000 | PA      | $4571461.48   | 0.44%             | 2029-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SPDR Bloomberg High Yield Bond ETF                      | SPDR BLOOMBERG HIGH YIELD                          | CUSIP: 78468R622<br>LEI: N/A                  | Long             |  | RF                | US        |     40315 | NS      | $3906120.35   | 0.38%             |  |  |  | No            |                  1 | On Loan: —       |
| AIR LEASE CORPORATION                                   | AIR LEASE CORP                                     | CUSIP: 00913WV77<br>LEI: 5493004NW4M4P8TMMK63 | Long             | STIV             | CORP              | US        |   3000000 | PA      | $2997264.30   | 0.29%             |  |  |  | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-02

**Name of Applicant:** Victory Portfolios III

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer